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PROASSURANCE CORP（PRA）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
PROASSURANCE CORP的季度营收约是GIBRALTAR INDUSTRIES, INC.的1.2倍（$269.6M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs -7.1%），过去两年PROASSURANCE CORP的营收复合增速更高（-2.7% vs -12.3%）
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
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。
PRA vs ROCK — 直观对比
营收规模更大
PRA
是对方的1.2倍
$225.0M
营收增速更快
ROCK
高出32.0%
-7.1%
两年增速更快
PRA
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $269.6M | $225.0M |
| 净利润 | $33.4M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 17.3% | 7.9% |
| 净利率 | 12.4% | — |
| 营收同比 | -7.1% | 24.9% |
| 净利润同比 | 106.4% | — |
| 每股收益（稀释后） | $0.65 | — |
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PRAROCK
| Q4 25 | $269.6M | $225.0M | ||
| Q3 25 | $279.6M | $310.9M | ||
| Q2 25 | $276.8M | $309.5M | ||
| Q1 25 | $272.1M | $290.0M | ||
| Q4 24 | $290.1M | $180.1M | ||
| Q3 24 | $285.3M | $277.1M | ||
| Q2 24 | $290.4M | $273.6M | ||
| Q1 24 | $284.7M | $292.5M |
净利润PRAROCK
| Q4 25 | $33.4M | — | ||
| Q3 25 | $1.4M | $-89.1M | ||
| Q2 25 | $21.9M | $26.0M | ||
| Q1 25 | $-5.8M | $21.1M | ||
| Q4 24 | $16.2M | — | ||
| Q3 24 | $16.4M | $34.0M | ||
| Q2 24 | $15.5M | $32.2M | ||
| Q1 24 | $4.6M | $24.9M |
毛利率PRAROCK
| 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PRAROCK
| Q4 25 | 17.3% | 7.9% | ||
| Q3 25 | 1.6% | 12.8% | ||
| Q2 25 | 9.9% | 12.8% | ||
| Q1 25 | -2.3% | 8.8% | ||
| Q4 24 | 6.5% | 13.3% | ||
| Q3 24 | 7.4% | 15.6% | ||
| Q2 24 | 6.2% | 14.9% | ||
| Q1 24 | 1.9% | 10.8% |
净利率PRAROCK
| Q4 25 | 12.4% | — | ||
| Q3 25 | 0.5% | -28.6% | ||
| Q2 25 | 7.9% | 8.4% | ||
| Q1 25 | -2.1% | 7.3% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 5.8% | 12.3% | ||
| Q2 24 | 5.3% | 11.8% | ||
| Q1 24 | 1.6% | 8.5% |
每股收益（稀释后）PRAROCK
| Q4 25 | $0.65 | — | ||
| Q3 25 | $0.03 | $-2.98 | ||
| Q2 25 | $0.42 | $0.87 | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $0.32 | $1.11 | ||
| Q2 24 | $0.30 | $1.05 | ||
| Q1 24 | $0.09 | — |
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 | $36.5M | $115.7M |
| 总债务越低越好 | $420.4M | $0 |
| 股东权益账面价值 | $1.3B | $950.4M |
| 总资产 | $5.4B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资PRAROCK
| Q4 25 | $36.5M | $115.7M | ||
| Q3 25 | $54.5M | $89.4M | ||
| Q2 25 | $41.6M | $43.3M | ||
| Q1 25 | $43.5M | $25.1M | ||
| Q4 24 | $54.9M | $269.5M | ||
| Q3 24 | $45.3M | $228.9M | ||
| Q2 24 | $36.9M | $179.1M | ||
| Q1 24 | $65.4M | $146.7M |
总债务PRAROCK
| Q4 25 | $420.4M | $0 | ||
| Q3 25 | $421.5M | $0 | ||
| Q2 25 | $422.6M | $0 | ||
| Q1 25 | $423.7M | $0 | ||
| Q4 24 | $424.9M | $0 | ||
| Q3 24 | $425.9M | $0 | ||
| Q2 24 | $426.9M | $0 | ||
| Q1 24 | $427.8M | $0 |
股东权益PRAROCK
| Q4 25 | $1.3B | $950.4M | ||
| Q3 25 | $1.3B | $951.8M | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.1B | $975.7M | ||
| Q1 24 | $1.1B | $940.2M |
总资产PRAROCK
| Q4 25 | $5.4B | $1.4B | ||
| Q3 25 | $5.6B | $1.4B | ||
| Q2 25 | $5.5B | $1.5B | ||
| Q1 25 | $5.5B | $1.4B | ||
| Q4 24 | $5.6B | $1.4B | ||
| Q3 24 | $5.7B | $1.4B | ||
| Q2 24 | $5.6B | $1.4B | ||
| Q1 24 | $5.7B | $1.3B |
负债/权益比PRAROCK
| Q4 25 | 0.31× | 0.00× | ||
| Q3 25 | 0.32× | 0.00× | ||
| Q2 25 | 0.33× | 0.00× | ||
| Q1 25 | 0.34× | 0.00× | ||
| Q4 24 | 0.35× | 0.00× | ||
| Q3 24 | 0.35× | 0.00× | ||
| Q2 24 | 0.38× | 0.00× | ||
| Q1 24 | 0.38× | 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 | $-25.6M | $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 | -0.77× | — |
| 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PRAROCK
| Q4 25 | $-25.6M | $35.5M | ||
| Q3 25 | $27.2M | $73.0M | ||
| Q2 25 | $-28.1M | $44.9M | ||
| Q1 25 | $-11.6M | $13.7M | ||
| Q4 24 | $-10.7M | $19.9M | ||
| Q3 24 | $14.0M | $64.7M | ||
| Q2 24 | $-12.8M | $36.5M | ||
| Q1 24 | $-11.6M | $53.2M |
自由现金流PRAROCK
| 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PRAROCK
| 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PRAROCK
| 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PRAROCK
| Q4 25 | -0.77× | — | ||
| Q3 25 | 18.81× | — | ||
| Q2 25 | -1.28× | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | -0.66× | — | ||
| Q3 24 | 0.85× | 1.90× | ||
| Q2 24 | -0.83× | 1.13× | ||
| Q1 24 | -2.52× | 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
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
