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Pangaea Logistics Solutions Ltd.（PANL）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Pangaea Logistics Solutions Ltd.的1.2倍（$225.0M vs $183.9M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 24.9%），过去两年Pangaea Logistics Solutions Ltd.的营收复合增速更高（32.5% vs -12.3%）
泛大陆物流解决方案有限公司是一家全球干散货物流航运服务商，运营现代化干散货船队，运输谷物、矿产、建材、能源原材料等大宗商品，为北美、欧洲、亚洲的工业、农业、能源领域客户提供定制化干散货供应链全链路解决方案。
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。
PANL vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.2倍
$183.9M
营收增速更快
ROCK
高出0.0%
24.9%
两年增速更快
PANL
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $183.9M | $225.0M |
| 净利润 | $11.9M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 9.5% | 7.9% |
| 净利率 | 6.5% | — |
| 营收同比 | 24.9% | 24.9% |
| 净利润同比 | 40.9% | — |
| 每股收益（稀释后） | $0.18 | — |
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PANLROCK
| Q4 25 | $183.9M | $225.0M | ||
| Q3 25 | $168.7M | $310.9M | ||
| Q2 25 | $156.7M | $309.5M | ||
| Q1 25 | $122.8M | $290.0M | ||
| Q4 24 | $147.2M | $180.1M | ||
| Q3 24 | $153.1M | $277.1M | ||
| Q2 24 | $131.5M | $273.6M | ||
| Q1 24 | $104.7M | $292.5M |
净利润PANLROCK
| Q4 25 | $11.9M | — | ||
| Q3 25 | $12.2M | $-89.1M | ||
| Q2 25 | $-2.7M | $26.0M | ||
| Q1 25 | $-2.0M | $21.1M | ||
| Q4 24 | $8.4M | — | ||
| Q3 24 | $5.1M | $34.0M | ||
| Q2 24 | $3.7M | $32.2M | ||
| Q1 24 | $11.7M | $24.9M |
毛利率PANLROCK
| 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PANLROCK
| Q4 25 | 9.5% | 7.9% | ||
| Q3 25 | 10.0% | 12.8% | ||
| Q2 25 | 2.3% | 12.8% | ||
| Q1 25 | 2.4% | 8.8% | ||
| Q4 24 | 10.1% | 13.3% | ||
| Q3 24 | 9.8% | 15.6% | ||
| Q2 24 | 5.8% | 14.9% | ||
| Q1 24 | 10.5% | 10.8% |
净利率PANLROCK
| Q4 25 | 6.5% | — | ||
| Q3 25 | 7.2% | -28.6% | ||
| Q2 25 | -1.8% | 8.4% | ||
| Q1 25 | -1.6% | 7.3% | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 3.3% | 12.3% | ||
| Q2 24 | 2.8% | 11.8% | ||
| Q1 24 | 11.1% | 8.5% |
每股收益（稀释后）PANLROCK
| Q4 25 | $0.18 | — | ||
| Q3 25 | $0.19 | $-2.98 | ||
| Q2 25 | $-0.04 | $0.87 | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $0.19 | — | ||
| Q3 24 | $0.11 | $1.11 | ||
| Q2 24 | $0.08 | $1.05 | ||
| Q1 24 | $0.25 | — |
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 | $103.1M | $115.7M |
| 总债务越低越好 | $249.6M | $0 |
| 股东权益账面价值 | $429.3M | $950.4M |
| 总资产 | $928.1M | $1.4B |
| 负债/权益比越低杠杆越低 | 0.58× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PANLROCK
| Q4 25 | $103.1M | $115.7M | ||
| Q3 25 | $94.0M | $89.4M | ||
| Q2 25 | $59.3M | $43.3M | ||
| Q1 25 | $63.9M | $25.1M | ||
| Q4 24 | $86.8M | $269.5M | ||
| Q3 24 | $93.1M | $228.9M | ||
| Q2 24 | $77.9M | $179.1M | ||
| Q1 24 | $95.9M | $146.7M |
总债务PANLROCK
| Q4 25 | $249.6M | $0 | ||
| Q3 25 | $256.2M | $0 | ||
| Q2 25 | $244.7M | $0 | ||
| Q1 25 | $251.0M | $0 | ||
| Q4 24 | $257.2M | $0 | ||
| Q3 24 | $133.6M | $0 | ||
| Q2 24 | $90.5M | $0 | ||
| Q1 24 | $95.9M | $0 |
股东权益PANLROCK
| Q4 25 | $429.3M | $950.4M | ||
| Q3 25 | $420.3M | $951.8M | ||
| Q2 25 | $414.4M | $1.0B | ||
| Q1 25 | $420.8M | $1.0B | ||
| Q4 24 | $427.8M | $1.0B | ||
| Q3 24 | $332.6M | $1.0B | ||
| Q2 24 | $331.5M | $975.7M | ||
| Q1 24 | $332.0M | $940.2M |
总资产PANLROCK
| Q4 25 | $928.1M | $1.4B | ||
| Q3 25 | $932.1M | $1.4B | ||
| Q2 25 | $916.0M | $1.5B | ||
| Q1 25 | $918.0M | $1.4B | ||
| Q4 24 | $936.5M | $1.4B | ||
| Q3 24 | $749.2M | $1.4B | ||
| Q2 24 | $692.9M | $1.4B | ||
| Q1 24 | $703.3M | $1.3B |
负债/权益比PANLROCK
| Q4 25 | 0.58× | 0.00× | ||
| Q3 25 | 0.61× | 0.00× | ||
| Q2 25 | 0.59× | 0.00× | ||
| Q1 25 | 0.60× | 0.00× | ||
| Q4 24 | 0.60× | 0.00× | ||
| Q3 24 | 0.40× | 0.00× | ||
| Q2 24 | 0.27× | 0.00× | ||
| Q1 24 | 0.29× | 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 | $15.1M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | — | $26.2M |
| 自由现金流率自由现金流/营收 | — | 11.7% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | 1.27× | — |
| 过去12个月自由现金流最近4个季度 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流PANLROCK
| Q4 25 | $15.1M | $35.5M | ||
| Q3 25 | $28.6M | $73.0M | ||
| Q2 25 | $14.4M | $44.9M | ||
| Q1 25 | $-4.4M | $13.7M | ||
| Q4 24 | $19.3M | $19.9M | ||
| Q3 24 | $28.5M | $64.7M | ||
| Q2 24 | $9.0M | $36.5M | ||
| Q1 24 | $9.0M | $53.2M |
自由现金流PANLROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $48.8M |
自由现金流率PANLROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 12.2% | ||
| Q1 24 | — | 16.7% |
资本支出强度PANLROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.5% |
现金转化率PANLROCK
| Q4 25 | 1.27× | — | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | 5.57× | 1.90× | ||
| Q2 24 | 2.43× | 1.13× | ||
| Q1 24 | 0.77× | 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
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
