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NMI Holdings, Inc.（NMIH）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NMI Holdings, Inc.的1.2倍（$225.0M vs $180.7M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 8.5%），NMI Holdings, Inc.自由现金流更多（$412.5M vs $26.2M），过去两年NMI Holdings, Inc.的营收复合增速更高（7.5% vs -12.3%）
NMI控股是美国头部私人抵押贷款保险服务商，主要为贷款机构提供抵押贷款担保保险产品，降低住房抵押贷款信用风险，服务美国本土住宅市场，助力符合资质的购房者获得购房便利，同时保护放贷机构免受违约损失。
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。
NMIH vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.2倍
$180.7M
营收增速更快
ROCK
高出16.4%
8.5%
自由现金流更多
NMIH
多$386.3M
$26.2M
两年增速更快
NMIH
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $180.7M | $225.0M |
| 净利润 | $94.2M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 67.0% | 7.9% |
| 净利率 | 52.1% | — |
| 营收同比 | 8.5% | 24.9% |
| 净利润同比 | 9.3% | — |
| 每股收益（稀释后） | $1.21 | — |
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NMIHROCK
| Q4 25 | $180.7M | $225.0M | ||
| Q3 25 | $178.7M | $310.9M | ||
| Q2 25 | $173.8M | $309.5M | ||
| Q1 25 | $173.2M | $290.0M | ||
| Q4 24 | $166.5M | $180.1M | ||
| Q3 24 | $166.1M | $277.1M | ||
| Q2 24 | $162.1M | $273.6M | ||
| Q1 24 | $156.3M | $292.5M |
净利润NMIHROCK
| Q4 25 | $94.2M | — | ||
| Q3 25 | $96.0M | $-89.1M | ||
| Q2 25 | $96.2M | $26.0M | ||
| Q1 25 | $102.6M | $21.1M | ||
| Q4 24 | $86.2M | — | ||
| Q3 24 | $92.8M | $34.0M | ||
| Q2 24 | $92.1M | $32.2M | ||
| Q1 24 | $89.0M | $24.9M |
毛利率NMIHROCK
| 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NMIHROCK
| Q4 25 | 67.0% | 7.9% | ||
| Q3 25 | 69.2% | 12.8% | ||
| Q2 25 | 71.1% | 12.8% | ||
| Q1 25 | 75.8% | 8.8% | ||
| Q4 24 | 66.6% | 13.3% | ||
| Q3 24 | 71.8% | 15.6% | ||
| Q2 24 | 73.2% | 14.9% | ||
| Q1 24 | 73.3% | 10.8% |
净利率NMIHROCK
| Q4 25 | 52.1% | — | ||
| Q3 25 | 53.7% | -28.6% | ||
| Q2 25 | 55.3% | 8.4% | ||
| Q1 25 | 59.2% | 7.3% | ||
| Q4 24 | 51.8% | — | ||
| Q3 24 | 55.9% | 12.3% | ||
| Q2 24 | 56.8% | 11.8% | ||
| Q1 24 | 57.0% | 8.5% |
每股收益（稀释后）NMIHROCK
| Q4 25 | $1.21 | — | ||
| Q3 25 | $1.22 | $-2.98 | ||
| Q2 25 | $1.21 | $0.87 | ||
| Q1 25 | $1.28 | — | ||
| Q4 24 | $1.07 | — | ||
| Q3 24 | $1.15 | $1.11 | ||
| Q2 24 | $1.13 | $1.05 | ||
| Q1 24 | $1.08 | — |
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 | — | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $2.6B | $950.4M |
| 总资产 | $3.8B | $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NMIHROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | — | $89.4M | ||
| Q2 25 | — | $43.3M | ||
| Q1 25 | — | $25.1M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | — | $228.9M | ||
| Q2 24 | — | $179.1M | ||
| Q1 24 | — | $146.7M |
总债务NMIHROCK
| 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NMIHROCK
| Q4 25 | $2.6B | $950.4M | ||
| Q3 25 | $2.5B | $951.8M | ||
| Q2 25 | $2.4B | $1.0B | ||
| Q1 25 | $2.3B | $1.0B | ||
| Q4 24 | $2.2B | $1.0B | ||
| Q3 24 | $2.2B | $1.0B | ||
| Q2 24 | $2.0B | $975.7M | ||
| Q1 24 | $2.0B | $940.2M |
总资产NMIHROCK
| Q4 25 | $3.8B | $1.4B | ||
| Q3 25 | $3.7B | $1.4B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $3.3B | $1.4B | ||
| Q2 24 | $3.1B | $1.4B | ||
| Q1 24 | $3.0B | $1.3B |
负债/权益比NMIHROCK
| 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 | $419.3M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $412.5M | $26.2M |
| 自由现金流率自由现金流/营收 | 228.2% | 11.7% |
| 资本支出强度资本支出/营收 | 3.8% | 4.1% |
| 现金转化率经营现金流/净利润 | 4.45× | — |
| 过去12个月自由现金流最近4个季度 | $764.9M | $120.6M |
8季度趋势，按日历期对齐
经营现金流NMIHROCK
| Q4 25 | $419.3M | $35.5M | ||
| Q3 25 | $128.0M | $73.0M | ||
| Q2 25 | $128.4M | $44.9M | ||
| Q1 25 | $101.2M | $13.7M | ||
| Q4 24 | $393.6M | $19.9M | ||
| Q3 24 | $128.4M | $64.7M | ||
| Q2 24 | $117.8M | $36.5M | ||
| Q1 24 | $111.6M | $53.2M |
自由现金流NMIHROCK
| Q4 25 | $412.5M | $26.2M | ||
| Q3 25 | $126.3M | $64.8M | ||
| Q2 25 | $126.7M | $27.3M | ||
| Q1 25 | $99.4M | $2.3M | ||
| Q4 24 | $386.7M | $14.1M | ||
| Q3 24 | $126.9M | $60.5M | ||
| Q2 24 | $115.9M | $33.5M | ||
| Q1 24 | $109.4M | $48.8M |
自由现金流率NMIHROCK
| Q4 25 | 228.2% | 11.7% | ||
| Q3 25 | 70.7% | 20.8% | ||
| Q2 25 | 72.9% | 8.8% | ||
| Q1 25 | 57.4% | 0.8% | ||
| Q4 24 | 232.2% | 7.8% | ||
| Q3 24 | 76.4% | 21.8% | ||
| Q2 24 | 71.5% | 12.2% | ||
| Q1 24 | 70.0% | 16.7% |
资本支出强度NMIHROCK
| Q4 25 | 3.8% | 4.1% | ||
| Q3 25 | 1.0% | 2.6% | ||
| Q2 25 | 0.9% | 5.7% | ||
| Q1 25 | 1.0% | 3.9% | ||
| Q4 24 | 4.1% | 3.3% | ||
| Q3 24 | 0.9% | 1.5% | ||
| Q2 24 | 1.1% | 1.1% | ||
| Q1 24 | 1.4% | 1.5% |
现金转化率NMIHROCK
| Q4 25 | 4.45× | — | ||
| Q3 25 | 1.33× | — | ||
| Q2 25 | 1.33× | 1.73× | ||
| Q1 25 | 0.99× | 0.65× | ||
| Q4 24 | 4.57× | — | ||
| Q3 24 | 1.38× | 1.90× | ||
| Q2 24 | 1.28× | 1.13× | ||
| Q1 24 | 1.25× | 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
NMIH
暂无分部数据
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
