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埃克西尔能源（NINE）与GIBRALTAR INDUSTRIES, INC.（ROCK）财务数据对比。点击上方公司名可切换其他公司
GIBRALTAR INDUSTRIES, INC.的季度营收约是埃克西尔能源的1.7倍（$225.0M vs $132.2M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -6.5%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-4.8M），过去两年埃克西尔能源的营收复合增速更高（-3.6% vs -12.3%）
埃克西尔能源是一家受美国监管的电力与天然气配送企业，总部位于明尼苏达州明尼阿波利斯。截至2025年年中，公司业务覆盖八个州的部分区域，服务约390万电力客户与220万天然气客户，下设四家运营子公司，分别为明尼苏达北州电力、威斯康星北州电力、科罗拉多公共服务公司以及西南公共服务公司。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
NINE vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.7倍
$132.2M
营收增速更快
ROCK
高出31.5%
-6.5%
自由现金流更多
ROCK
多$31.0M
$-4.8M
两年增速更快
NINE
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $132.2M | $225.0M |
| 净利润 | $-19.2M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -4.2% | 7.9% |
| 净利率 | -14.5% | — |
| 营收同比 | -6.5% | 24.9% |
| 净利润同比 | -117.4% | — |
| 每股收益（稀释后） | $-0.47 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收NINEROCK
| Q4 25 | $132.2M | $225.0M | ||
| Q3 25 | $132.0M | $310.9M | ||
| Q2 25 | $147.3M | $309.5M | ||
| Q1 25 | $150.5M | $290.0M | ||
| Q4 24 | $141.4M | $180.1M | ||
| Q3 24 | $138.2M | $277.1M | ||
| Q2 24 | $132.4M | $273.6M | ||
| Q1 24 | $142.1M | $292.5M |
净利润NINEROCK
| Q4 25 | $-19.2M | — | ||
| Q3 25 | $-14.6M | $-89.1M | ||
| Q2 25 | $-10.4M | $26.0M | ||
| Q1 25 | $-7.1M | $21.1M | ||
| Q4 24 | $-8.8M | — | ||
| Q3 24 | $-10.1M | $34.0M | ||
| Q2 24 | $-14.0M | $32.2M | ||
| Q1 24 | $-8.1M | $24.9M |
毛利率NINEROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率NINEROCK
| Q4 25 | -4.2% | 7.9% | ||
| Q3 25 | -0.9% | 12.8% | ||
| Q2 25 | 2.3% | 12.8% | ||
| Q1 25 | 3.7% | 8.8% | ||
| Q4 24 | 2.5% | 13.3% | ||
| Q3 24 | 1.8% | 15.6% | ||
| Q2 24 | -1.1% | 14.9% | ||
| Q1 24 | 3.1% | 10.8% |
净利率NINEROCK
| Q4 25 | -14.5% | — | ||
| Q3 25 | -11.1% | -28.6% | ||
| Q2 25 | -7.1% | 8.4% | ||
| Q1 25 | -4.7% | 7.3% | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -7.3% | 12.3% | ||
| Q2 24 | -10.6% | 11.8% | ||
| Q1 24 | -5.7% | 8.5% |
每股收益（稀释后）NINEROCK
| Q4 25 | $-0.47 | — | ||
| Q3 25 | $-0.35 | $-2.98 | ||
| Q2 25 | $-0.25 | $0.87 | ||
| Q1 25 | $-0.18 | — | ||
| Q4 24 | $-0.21 | — | ||
| Q3 24 | $-0.26 | $1.11 | ||
| Q2 24 | $-0.40 | $1.05 | ||
| Q1 24 | $-0.24 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $18.4M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $-115.0M | $950.4M |
| 总资产 | $339.5M | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资NINEROCK
| Q4 25 | $18.4M | $115.7M | ||
| Q3 25 | $14.4M | $89.4M | ||
| Q2 25 | $14.2M | $43.3M | ||
| Q1 25 | $17.3M | $25.1M | ||
| Q4 24 | $27.9M | $269.5M | ||
| Q3 24 | $15.7M | $228.9M | ||
| Q2 24 | $26.0M | $179.1M | ||
| Q1 24 | $10.2M | $146.7M |
总债务NINEROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益NINEROCK
| Q4 25 | $-115.0M | $950.4M | ||
| Q3 25 | $-95.9M | $951.8M | ||
| Q2 25 | $-81.7M | $1.0B | ||
| Q1 25 | $-72.1M | $1.0B | ||
| Q4 24 | $-66.1M | $1.0B | ||
| Q3 24 | $-57.6M | $1.0B | ||
| Q2 24 | $-49.7M | $975.7M | ||
| Q1 24 | $-43.3M | $940.2M |
总资产NINEROCK
| Q4 25 | $339.5M | $1.4B | ||
| Q3 25 | $340.7M | $1.4B | ||
| Q2 25 | $361.2M | $1.5B | ||
| Q1 25 | $359.2M | $1.4B | ||
| Q4 24 | $360.1M | $1.4B | ||
| Q3 24 | $353.2M | $1.4B | ||
| Q2 24 | $381.7M | $1.4B | ||
| Q1 24 | $380.4M | $1.3B |
负债/权益比NINEROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-2.2M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-4.8M | $26.2M |
| 自由现金流率自由现金流/营收 | -3.6% | 11.7% |
| 资本支出强度资本支出/营收 | 2.0% | 4.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-23.3M | $120.6M |
8季度趋势，按日历期对齐
经营现金流NINEROCK
| Q4 25 | $-2.2M | $35.5M | ||
| Q3 25 | $-9.9M | $73.0M | ||
| Q2 25 | $10.1M | $44.9M | ||
| Q1 25 | $-5.3M | $13.7M | ||
| Q4 24 | $15.0M | $19.9M | ||
| Q3 24 | $-5.8M | $64.7M | ||
| Q2 24 | $12.9M | $36.5M | ||
| Q1 24 | $-8.8M | $53.2M |
自由现金流NINEROCK
| Q4 25 | $-4.8M | $26.2M | ||
| Q3 25 | $-13.4M | $64.8M | ||
| Q2 25 | $4.2M | $27.3M | ||
| Q1 25 | $-9.3M | $2.3M | ||
| Q4 24 | $11.8M | $14.1M | ||
| Q3 24 | $-9.3M | $60.5M | ||
| Q2 24 | $10.3M | $33.5M | ||
| Q1 24 | $-14.3M | $48.8M |
自由现金流率NINEROCK
| Q4 25 | -3.6% | 11.7% | ||
| Q3 25 | -10.2% | 20.8% | ||
| Q2 25 | 2.9% | 8.8% | ||
| Q1 25 | -6.2% | 0.8% | ||
| Q4 24 | 8.3% | 7.8% | ||
| Q3 24 | -6.7% | 21.8% | ||
| Q2 24 | 7.7% | 12.2% | ||
| Q1 24 | -10.1% | 16.7% |
资本支出强度NINEROCK
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 2.6% | 2.6% | ||
| Q2 25 | 4.0% | 5.7% | ||
| Q1 25 | 2.6% | 3.9% | ||
| Q4 24 | 2.3% | 3.3% | ||
| Q3 24 | 2.5% | 1.5% | ||
| Q2 24 | 2.0% | 1.1% | ||
| Q1 24 | 3.9% | 1.5% |
现金转化率NINEROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 2.13× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
NINE
| Cement | $52.6M | 40% |
| Tool Revenue | $28.6M | 22% |
| Coiled Tubing | $25.8M | 20% |
| Wireline | $25.1M | 19% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
