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POTLATCHDELTIC CORP（PCH）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
POTLATCHDELTIC CORP的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.4倍（$314.2M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 23.1%），POTLATCHDELTIC CORP自由现金流更多（$50.1M vs $26.2M），过去两年POTLATCHDELTIC CORP的营收复合增速更高（11.1% vs -12.3%）
PotlatchDeltic是一家总部位于美国华盛顿州斯波坎的多元化林产品企业，业务覆盖林木培育、木材加工及相关林制品的生产与供应，在林业资源管理和产品研发领域拥有成熟的运营体系，为建筑、家居等多个下游行业提供优质原材料与产品解决方案。
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。
PCH vs ROCK — 直观对比
营收规模更大
PCH
是对方的1.4倍
$225.0M
营收增速更快
ROCK
高出1.8%
23.1%
自由现金流更多
PCH
多$23.9M
$26.2M
两年增速更快
PCH
近两年复合增速
-12.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $314.2M | $225.0M |
| 净利润 | $25.9M | — |
| 毛利率 | 18.2% | 25.3% |
| 营业利润率 | 11.2% | 7.9% |
| 净利率 | 8.2% | — |
| 营收同比 | 23.1% | 24.9% |
| 净利润同比 | 682.5% | — |
| 每股收益（稀释后） | $0.33 | — |
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PCHROCK
| Q4 25 | — | $225.0M | ||
| Q3 25 | $314.2M | $310.9M | ||
| Q2 25 | $275.0M | $309.5M | ||
| Q1 25 | $268.3M | $290.0M | ||
| Q4 24 | $258.1M | $180.1M | ||
| Q3 24 | $255.1M | $277.1M | ||
| Q2 24 | $320.7M | $273.6M | ||
| Q1 24 | $228.1M | $292.5M |
净利润PCHROCK
| Q4 25 | — | — | ||
| Q3 25 | $25.9M | $-89.1M | ||
| Q2 25 | $7.4M | $26.0M | ||
| Q1 25 | $25.8M | $21.1M | ||
| Q4 24 | $5.2M | — | ||
| Q3 24 | $3.3M | $34.0M | ||
| Q2 24 | $13.7M | $32.2M | ||
| Q1 24 | $-305.0K | $24.9M |
毛利率PCHROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | 18.2% | 26.6% | ||
| Q2 25 | 13.0% | 28.4% | ||
| Q1 25 | 17.8% | 26.8% | ||
| Q4 24 | 13.4% | 29.0% | ||
| Q3 24 | 10.8% | 29.4% | ||
| Q2 24 | 11.9% | 30.5% | ||
| Q1 24 | 7.0% | 28.9% |
营业利润率PCHROCK
| Q4 25 | — | 7.9% | ||
| Q3 25 | 11.2% | 12.8% | ||
| Q2 25 | 5.0% | 12.8% | ||
| Q1 25 | 10.3% | 8.8% | ||
| Q4 24 | 5.2% | 13.3% | ||
| Q3 24 | 2.8% | 15.6% | ||
| Q2 24 | 5.4% | 14.9% | ||
| Q1 24 | -2.1% | 10.8% |
净利率PCHROCK
| Q4 25 | — | — | ||
| Q3 25 | 8.2% | -28.6% | ||
| Q2 25 | 2.7% | 8.4% | ||
| Q1 25 | 9.6% | 7.3% | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.3% | 12.3% | ||
| Q2 24 | 4.3% | 11.8% | ||
| Q1 24 | -0.1% | 8.5% |
每股收益（稀释后）PCHROCK
| Q4 25 | — | — | ||
| Q3 25 | $0.33 | $-2.98 | ||
| Q2 25 | $0.09 | $0.87 | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.07 | — | ||
| Q3 24 | $0.04 | $1.11 | ||
| Q2 24 | $0.17 | $1.05 | ||
| Q1 24 | $0.00 | — |
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 | $88.8M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $1.9B | $950.4M |
| 总资产 | $3.2B | $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PCHROCK
| Q4 25 | — | $115.7M | ||
| Q3 25 | $88.8M | $89.4M | ||
| Q2 25 | $95.3M | $43.3M | ||
| Q1 25 | $147.5M | $25.1M | ||
| Q4 24 | $151.6M | $269.5M | ||
| Q3 24 | $161.1M | $228.9M | ||
| Q2 24 | $199.7M | $179.1M | ||
| Q1 24 | $180.2M | $146.7M |
总债务PCHROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | $1.0B | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益PCHROCK
| Q4 25 | — | $950.4M | ||
| Q3 25 | $1.9B | $951.8M | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $2.1B | $1.0B | ||
| Q2 24 | $2.1B | $975.7M | ||
| Q1 24 | $2.2B | $940.2M |
总资产PCHROCK
| Q4 25 | — | $1.4B | ||
| Q3 25 | $3.2B | $1.4B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.3B | $1.4B | ||
| Q3 24 | $3.3B | $1.4B | ||
| Q2 24 | $3.4B | $1.4B | ||
| Q1 24 | $3.4B | $1.3B |
负债/权益比PCHROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.51× | 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 | $65.7M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $50.1M | $26.2M |
| 自由现金流率自由现金流/营收 | 15.9% | 11.7% |
| 资本支出强度资本支出/营收 | 4.9% | 4.1% |
| 现金转化率经营现金流/净利润 | 2.54× | — |
| 过去12个月自由现金流最近4个季度 | $132.4M | $120.6M |
8季度趋势，按日历期对齐
经营现金流PCHROCK
| Q4 25 | — | $35.5M | ||
| Q3 25 | $65.7M | $73.0M | ||
| Q2 25 | $41.0M | $44.9M | ||
| Q1 25 | $49.1M | $13.7M | ||
| Q4 24 | $45.4M | $19.9M | ||
| Q3 24 | $26.5M | $64.7M | ||
| Q2 24 | $100.6M | $36.5M | ||
| Q1 24 | $16.0M | $53.2M |
自由现金流PCHROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | $50.1M | $64.8M | ||
| Q2 25 | $30.6M | $27.3M | ||
| Q1 25 | $26.3M | $2.3M | ||
| Q4 24 | $25.4M | $14.1M | ||
| Q3 24 | $-8.2M | $60.5M | ||
| Q2 24 | $72.4M | $33.5M | ||
| Q1 24 | $2.0M | $48.8M |
自由现金流率PCHROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | 15.9% | 20.8% | ||
| Q2 25 | 11.1% | 8.8% | ||
| Q1 25 | 9.8% | 0.8% | ||
| Q4 24 | 9.9% | 7.8% | ||
| Q3 24 | -3.2% | 21.8% | ||
| Q2 24 | 22.6% | 12.2% | ||
| Q1 24 | 0.9% | 16.7% |
资本支出强度PCHROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | 4.9% | 2.6% | ||
| Q2 25 | 3.8% | 5.7% | ||
| Q1 25 | 8.5% | 3.9% | ||
| Q4 24 | 7.7% | 3.3% | ||
| Q3 24 | 13.6% | 1.5% | ||
| Q2 24 | 8.8% | 1.1% | ||
| Q1 24 | 6.1% | 1.5% |
现金转化率PCHROCK
| Q4 25 | — | — | ||
| Q3 25 | 2.54× | — | ||
| Q2 25 | 5.58× | 1.73× | ||
| Q1 25 | 1.90× | 0.65× | ||
| Q4 24 | 8.74× | — | ||
| Q3 24 | 7.99× | 1.90× | ||
| Q2 24 | 7.35× | 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
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
