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PEGASYSTEMS INC（PEGA）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
PEGASYSTEMS INC的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.9倍（$430.0M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -9.6%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $26.2M），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% vs -12.3%）
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
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。
PEGA vs ROCK — 直观对比
营收规模更大
PEGA
是对方的1.9倍
$225.0M
营收增速更快
ROCK
高出34.5%
-9.6%
自由现金流更多
PEGA
多$180.3M
$26.2M
两年增速更快
PEGA
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $225.0M |
| 净利润 | $32.8M | — |
| 毛利率 | 75.2% | 25.3% |
| 营业利润率 | 8.6% | 7.9% |
| 净利率 | 7.6% | — |
| 营收同比 | -9.6% | 24.9% |
| 净利润同比 | — | — |
| 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PEGAROCK
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $225.0M | ||
| Q3 25 | $381.4M | $310.9M | ||
| Q2 25 | $384.5M | $309.5M | ||
| Q1 25 | $475.6M | $290.0M | ||
| Q4 24 | $490.8M | $180.1M | ||
| Q3 24 | $325.1M | $277.1M | ||
| Q2 24 | $351.2M | $273.6M |
净利润PEGAROCK
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | — | ||
| Q3 25 | $43.4M | $-89.1M | ||
| Q2 25 | $30.1M | $26.0M | ||
| Q1 25 | $85.4M | $21.1M | ||
| Q4 24 | $119.1M | — | ||
| Q3 24 | $-14.4M | $34.0M | ||
| Q2 24 | $6.6M | $32.2M |
毛利率PEGAROCK
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 25.3% | ||
| Q3 25 | 72.2% | 26.6% | ||
| Q2 25 | 71.5% | 28.4% | ||
| Q1 25 | 78.5% | 26.8% | ||
| Q4 24 | 79.1% | 29.0% | ||
| Q3 24 | 70.2% | 29.4% | ||
| Q2 24 | 72.4% | 30.5% |
营业利润率PEGAROCK
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 7.9% | ||
| Q3 25 | 3.8% | 12.8% | ||
| Q2 25 | 4.5% | 12.8% | ||
| Q1 25 | 26.7% | 8.8% | ||
| Q4 24 | 29.1% | 13.3% | ||
| Q3 24 | -3.6% | 15.6% | ||
| Q2 24 | 3.7% | 14.9% |
净利率PEGAROCK
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | — | ||
| Q3 25 | 11.4% | -28.6% | ||
| Q2 25 | 7.8% | 8.4% | ||
| Q1 25 | 18.0% | 7.3% | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | -4.4% | 12.3% | ||
| Q2 24 | 1.9% | 11.8% |
每股收益（稀释后）PEGAROCK
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | — | ||
| Q3 25 | $0.24 | $-2.98 | ||
| Q2 25 | $0.17 | $0.87 | ||
| Q1 25 | $0.91 | — | ||
| Q4 24 | $1.35 | — | ||
| Q3 24 | $-0.17 | $1.11 | ||
| Q2 24 | $0.07 | $1.05 |
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 | $270.0M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $705.9M | $950.4M |
| 总资产 | $1.6B | $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PEGAROCK
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $115.7M | ||
| Q3 25 | $351.4M | $89.4M | ||
| Q2 25 | $411.6M | $43.3M | ||
| Q1 25 | $371.7M | $25.1M | ||
| Q4 24 | $740.0M | $269.5M | ||
| Q3 24 | $703.0M | $228.9M | ||
| Q2 24 | $665.1M | $179.1M |
总债务PEGAROCK
| Q1 26 | — | — | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益PEGAROCK
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $950.4M | ||
| Q3 25 | $596.8M | $951.8M | ||
| Q2 25 | $624.5M | $1.0B | ||
| Q1 25 | $611.3M | $1.0B | ||
| Q4 24 | $585.5M | $1.0B | ||
| Q3 24 | $473.0M | $1.0B | ||
| Q2 24 | $435.4M | $975.7M |
总资产PEGAROCK
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.5B | $1.4B |
负债/权益比PEGAROCK
| Q1 26 | — | — | ||
| 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× |
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 | — | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $206.5M | $26.2M |
| 自由现金流率自由现金流/营收 | 48.0% | 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 | — | — |
| 过去12个月自由现金流最近4个季度 | $494.9M | $120.6M |
8季度趋势，按日历期对齐
经营现金流PEGAROCK
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $35.5M | ||
| Q3 25 | $56.3M | $73.0M | ||
| Q2 25 | $86.3M | $44.9M | ||
| Q1 25 | $204.2M | $13.7M | ||
| Q4 24 | $95.2M | $19.9M | ||
| Q3 24 | $30.5M | $64.7M | ||
| Q2 24 | $40.1M | $36.5M |
自由现金流PEGAROCK
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $26.2M | ||
| Q3 25 | $51.8M | $64.8M | ||
| Q2 25 | $84.1M | $27.3M | ||
| Q1 25 | $202.3M | $2.3M | ||
| Q4 24 | $92.4M | $14.1M | ||
| Q3 24 | $27.4M | $60.5M | ||
| Q2 24 | $38.8M | $33.5M |
自由现金流率PEGAROCK
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 11.7% | ||
| Q3 25 | 13.6% | 20.8% | ||
| Q2 25 | 21.9% | 8.8% | ||
| Q1 25 | 42.5% | 0.8% | ||
| Q4 24 | 18.8% | 7.8% | ||
| Q3 24 | 8.4% | 21.8% | ||
| Q2 24 | 11.1% | 12.2% |
资本支出强度PEGAROCK
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.1% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 0.6% | 5.7% | ||
| Q1 25 | 0.4% | 3.9% | ||
| Q4 24 | 0.6% | 3.3% | ||
| Q3 24 | 0.9% | 1.5% | ||
| Q2 24 | 0.4% | 1.1% |
现金转化率PEGAROCK
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 2.87× | 1.73× | ||
| Q1 25 | 2.39× | 0.65× | ||
| Q4 24 | 0.80× | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | 6.06× | 1.13× |
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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
