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如新（NUS）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
如新的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.6倍（$370.3M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -16.9%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $5.9M），过去两年如新的营收复合增速更高（-5.8% vs -12.3%）
如新企业集团是一家美国多层次直销企业，主打研发并销售个人护理产品与营养膳食补充产品，旗下拥有Nu Skin及Pharmanex两大品牌，目前已在全球54个市场开展业务，依托约120万独立销售代表的销售网络覆盖全球市场。
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。
NUS vs ROCK — 直观对比
营收规模更大
NUS
是对方的1.6倍
$225.0M
营收增速更快
ROCK
高出41.8%
-16.9%
自由现金流更多
ROCK
多$20.4M
$5.9M
两年增速更快
NUS
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $370.3M | $225.0M |
| 净利润 | $14.5M | — |
| 毛利率 | 70.7% | 25.3% |
| 营业利润率 | 6.3% | 7.9% |
| 净利率 | 3.9% | — |
| 营收同比 | -16.9% | 24.9% |
| 净利润同比 | 140.1% | — |
| 每股收益（稀释后） | $0.27 | — |
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NUSROCK
| Q4 25 | $370.3M | $225.0M | ||
| Q3 25 | $364.2M | $310.9M | ||
| Q2 25 | $386.1M | $309.5M | ||
| Q1 25 | $364.5M | $290.0M | ||
| Q4 24 | $445.6M | $180.1M | ||
| Q3 24 | $430.1M | $277.1M | ||
| Q2 24 | $439.1M | $273.6M | ||
| Q1 24 | $417.3M | $292.5M |
净利润NUSROCK
| Q4 25 | $14.5M | — | ||
| Q3 25 | $17.1M | $-89.1M | ||
| Q2 25 | $21.1M | $26.0M | ||
| Q1 25 | $107.5M | $21.1M | ||
| Q4 24 | $-36.1M | — | ||
| Q3 24 | $8.3M | $34.0M | ||
| Q2 24 | $-118.3M | $32.2M | ||
| Q1 24 | $-533.0K | $24.9M |
毛利率NUSROCK
| Q4 25 | 70.7% | 25.3% | ||
| Q3 25 | 70.5% | 26.6% | ||
| Q2 25 | 68.8% | 28.4% | ||
| Q1 25 | 67.8% | 26.8% | ||
| Q4 24 | 62.7% | 29.0% | ||
| Q3 24 | 70.1% | 29.4% | ||
| Q2 24 | 70.0% | 30.5% | ||
| Q1 24 | 70.5% | 28.9% |
营业利润率NUSROCK
| Q4 25 | 6.3% | 7.9% | ||
| Q3 25 | 5.9% | 12.8% | ||
| Q2 25 | 8.0% | 12.8% | ||
| Q1 25 | -2.7% | 8.8% | ||
| Q4 24 | -11.9% | 13.3% | ||
| Q3 24 | 4.2% | 15.6% | ||
| Q2 24 | -28.6% | 14.9% | ||
| Q1 24 | 2.1% | 10.8% |
净利率NUSROCK
| Q4 25 | 3.9% | — | ||
| Q3 25 | 4.7% | -28.6% | ||
| Q2 25 | 5.5% | 8.4% | ||
| Q1 25 | 29.5% | 7.3% | ||
| Q4 24 | -8.1% | — | ||
| Q3 24 | 1.9% | 12.3% | ||
| Q2 24 | -26.9% | 11.8% | ||
| Q1 24 | -0.1% | 8.5% |
每股收益（稀释后）NUSROCK
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.34 | $-2.98 | ||
| Q2 25 | $0.43 | $0.87 | ||
| Q1 25 | $2.14 | — | ||
| Q4 24 | $-0.73 | — | ||
| Q3 24 | $0.17 | $1.11 | ||
| Q2 24 | $-2.38 | $1.05 | ||
| Q1 24 | $-0.01 | — |
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 | $239.8M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $805.2M | $950.4M |
| 总资产 | $1.4B | $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NUSROCK
| Q4 25 | $239.8M | $115.7M | ||
| Q3 25 | $253.0M | $89.4M | ||
| Q2 25 | $265.4M | $43.3M | ||
| Q1 25 | $213.6M | $25.1M | ||
| Q4 24 | $198.0M | $269.5M | ||
| Q3 24 | $237.8M | $228.9M | ||
| Q2 24 | $232.9M | $179.1M | ||
| Q1 24 | $221.2M | $146.7M |
总债务NUSROCK
| 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NUSROCK
| Q4 25 | $805.2M | $950.4M | ||
| Q3 25 | $799.8M | $951.8M | ||
| Q2 25 | $787.8M | $1.0B | ||
| Q1 25 | $754.0M | $1.0B | ||
| Q4 24 | $651.5M | $1.0B | ||
| Q3 24 | $706.9M | $1.0B | ||
| Q2 24 | $686.2M | $975.7M | ||
| Q1 24 | $810.2M | $940.2M |
总资产NUSROCK
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $1.7B | $1.3B |
负债/权益比NUSROCK
| 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 | $16.6M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $5.9M | $26.2M |
| 自由现金流率自由现金流/营收 | 1.6% | 11.7% |
| 资本支出强度资本支出/营收 | 2.9% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.15× | — |
| 过去12个月自由现金流最近4个季度 | $46.0M | $120.6M |
8季度趋势，按日历期对齐
经营现金流NUSROCK
| Q4 25 | $16.6M | $35.5M | ||
| Q3 25 | $27.5M | $73.0M | ||
| Q2 25 | $35.8M | $44.9M | ||
| Q1 25 | $389.0K | $13.7M | ||
| Q4 24 | $25.8M | $19.9M | ||
| Q3 24 | $31.4M | $64.7M | ||
| Q2 24 | $51.2M | $36.5M | ||
| Q1 24 | $3.3M | $53.2M |
自由现金流NUSROCK
| Q4 25 | $5.9M | $26.2M | ||
| Q3 25 | $17.6M | $64.8M | ||
| Q2 25 | $35.8M | $27.3M | ||
| Q1 25 | $-13.2M | $2.3M | ||
| Q4 24 | $13.2M | $14.1M | ||
| Q3 24 | $22.8M | $60.5M | ||
| Q2 24 | $43.1M | $33.5M | ||
| Q1 24 | $-9.0M | $48.8M |
自由现金流率NUSROCK
| Q4 25 | 1.6% | 11.7% | ||
| Q3 25 | 4.8% | 20.8% | ||
| Q2 25 | 9.3% | 8.8% | ||
| Q1 25 | -3.6% | 0.8% | ||
| Q4 24 | 3.0% | 7.8% | ||
| Q3 24 | 5.3% | 21.8% | ||
| Q2 24 | 9.8% | 12.2% | ||
| Q1 24 | -2.1% | 16.7% |
资本支出强度NUSROCK
| Q4 25 | 2.9% | 4.1% | ||
| Q3 25 | 2.7% | 2.6% | ||
| Q2 25 | 0.0% | 5.7% | ||
| Q1 25 | 3.7% | 3.9% | ||
| Q4 24 | 2.8% | 3.3% | ||
| Q3 24 | 2.0% | 1.5% | ||
| Q2 24 | 1.9% | 1.1% | ||
| Q1 24 | 2.9% | 1.5% |
现金转化率NUSROCK
| Q4 25 | 1.15× | — | ||
| Q3 25 | 1.61× | — | ||
| Q2 25 | 1.69× | 1.73× | ||
| Q1 25 | 0.00× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.79× | 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
NUS
| Other | $161.9M | 44% |
| Mainland China Segment | $52.0M | 14% |
| Southeast Asia Pacific Segment | $50.5M | 14% |
| Europe And Africa Segment | $41.8M | 11% |
| Hong Kong Taiwan Segment | $29.6M | 8% |
| South Korea Segment | $28.4M | 8% |
| Rhyz Other Segment | $6.1M | 2% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
