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Q2 Holdings, Inc.（QTWO）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Q2 Holdings, Inc.的1.0倍（$225.0M vs $216.5M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 14.1%），Q2 Holdings, Inc.自由现金流更多（$44.2M vs $26.2M），过去两年Q2 Holdings, Inc.的营收复合增速更高（11.9% vs -12.3%）
Q2 Holdings是一家全球金融科技企业，主要开发云原生数字银行平台及解决方案，服务地区性银行、社区银行、信用合作社等金融机构，帮助其为个人及企业客户提供安全便捷的线上、移动端银行服务，核心市场覆盖北美。
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。
QTWO vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.0倍
$216.5M
营收增速更快
ROCK
高出10.8%
14.1%
自由现金流更多
QTWO
多$18.0M
$26.2M
两年增速更快
QTWO
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $216.5M | $225.0M |
| 净利润 | $26.6M | — |
| 毛利率 | 59.1% | 25.3% |
| 营业利润率 | 12.8% | 7.9% |
| 净利率 | 12.3% | — |
| 营收同比 | 14.1% | 24.9% |
| 净利润同比 | 460.5% | — |
| 每股收益（稀释后） | $0.40 | — |
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QTWOROCK
| Q1 26 | $216.5M | — | ||
| Q4 25 | $208.2M | $225.0M | ||
| Q3 25 | $201.7M | $310.9M | ||
| Q2 25 | $195.1M | $309.5M | ||
| Q1 25 | $189.7M | $290.0M | ||
| Q4 24 | $183.0M | $180.1M | ||
| Q3 24 | $175.0M | $277.1M | ||
| Q2 24 | $172.9M | $273.6M |
净利润QTWOROCK
| Q1 26 | $26.6M | — | ||
| Q4 25 | $20.4M | — | ||
| Q3 25 | $15.0M | $-89.1M | ||
| Q2 25 | $11.8M | $26.0M | ||
| Q1 25 | $4.8M | $21.1M | ||
| Q4 24 | $164.0K | — | ||
| Q3 24 | $-11.8M | $34.0M | ||
| Q2 24 | $-13.1M | $32.2M |
毛利率QTWOROCK
| Q1 26 | 59.1% | — | ||
| Q4 25 | 55.4% | 25.3% | ||
| Q3 25 | 54.0% | 26.6% | ||
| Q2 25 | 53.6% | 28.4% | ||
| Q1 25 | 53.2% | 26.8% | ||
| Q4 24 | 52.6% | 29.0% | ||
| Q3 24 | 50.9% | 29.4% | ||
| Q2 24 | 50.2% | 30.5% |
营业利润率QTWOROCK
| Q1 26 | 12.8% | — | ||
| Q4 25 | 8.1% | 7.9% | ||
| Q3 25 | 5.5% | 12.8% | ||
| Q2 25 | 5.0% | 12.8% | ||
| Q1 25 | 1.2% | 8.8% | ||
| Q4 24 | -0.9% | 13.3% | ||
| Q3 24 | -7.3% | 15.6% | ||
| Q2 24 | -7.9% | 14.9% |
净利率QTWOROCK
| Q1 26 | 12.3% | — | ||
| Q4 25 | 9.8% | — | ||
| Q3 25 | 7.5% | -28.6% | ||
| Q2 25 | 6.0% | 8.4% | ||
| Q1 25 | 2.5% | 7.3% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | -6.7% | 12.3% | ||
| Q2 24 | -7.6% | 11.8% |
每股收益（稀释后）QTWOROCK
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.23 | $-2.98 | ||
| Q2 25 | $0.18 | $0.87 | ||
| Q1 25 | $0.07 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.20 | $1.11 | ||
| Q2 24 | $-0.22 | $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 | $342.3M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $611.7M | $950.4M |
| 总资产 | $1.2B | $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QTWOROCK
| Q1 26 | $342.3M | — | ||
| Q4 25 | $432.7M | $115.7M | ||
| Q3 25 | $568.7M | $89.4M | ||
| Q2 25 | $532.1M | $43.3M | ||
| Q1 25 | $486.0M | $25.1M | ||
| Q4 24 | $446.6M | $269.5M | ||
| Q3 24 | $407.9M | $228.9M | ||
| Q2 24 | $372.1M | $179.1M |
总债务QTWOROCK
| 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QTWOROCK
| Q1 26 | $611.7M | — | ||
| Q4 25 | $661.8M | $950.4M | ||
| Q3 25 | $622.9M | $951.8M | ||
| Q2 25 | $584.3M | $1.0B | ||
| Q1 25 | $545.5M | $1.0B | ||
| Q4 24 | $517.8M | $1.0B | ||
| Q3 24 | $495.1M | $1.0B | ||
| Q2 24 | $480.7M | $975.7M |
总资产QTWOROCK
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B |
负债/权益比QTWOROCK
| 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 | $56.3M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $44.2M | $26.2M |
| 自由现金流率自由现金流/营收 | 20.4% | 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 | 2.11× | — |
| 过去12个月自由现金流最近4个季度 | $196.1M | $120.6M |
8季度趋势，按日历期对齐
经营现金流QTWOROCK
| Q1 26 | $56.3M | — | ||
| Q4 25 | $63.7M | $35.5M | ||
| Q3 25 | $45.6M | $73.0M | ||
| Q2 25 | $48.6M | $44.9M | ||
| Q1 25 | $43.5M | $13.7M | ||
| Q4 24 | $43.0M | $19.9M | ||
| Q3 24 | $43.3M | $64.7M | ||
| Q2 24 | $36.0M | $36.5M |
自由现金流QTWOROCK
| Q1 26 | $44.2M | — | ||
| Q4 25 | $61.7M | $26.2M | ||
| Q3 25 | $42.9M | $64.8M | ||
| Q2 25 | $47.3M | $27.3M | ||
| Q1 25 | $42.7M | $2.3M | ||
| Q4 24 | $41.6M | $14.1M | ||
| Q3 24 | $40.9M | $60.5M | ||
| Q2 24 | $34.6M | $33.5M |
自由现金流率QTWOROCK
| Q1 26 | 20.4% | — | ||
| Q4 25 | 29.6% | 11.7% | ||
| Q3 25 | 21.3% | 20.8% | ||
| Q2 25 | 24.3% | 8.8% | ||
| Q1 25 | 22.5% | 0.8% | ||
| Q4 24 | 22.7% | 7.8% | ||
| Q3 24 | 23.3% | 21.8% | ||
| Q2 24 | 20.0% | 12.2% |
资本支出强度QTWOROCK
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 4.1% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 0.7% | 5.7% | ||
| Q1 25 | 0.4% | 3.9% | ||
| Q4 24 | 0.8% | 3.3% | ||
| Q3 24 | 1.4% | 1.5% | ||
| Q2 24 | 0.8% | 1.1% |
现金转化率QTWOROCK
| Q1 26 | 2.11× | — | ||
| Q4 25 | 3.12× | — | ||
| Q3 25 | 3.03× | — | ||
| Q2 25 | 4.13× | 1.73× | ||
| Q1 25 | 9.16× | 0.65× | ||
| Q4 24 | 262.41× | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 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
QTWO
| Subscription | $179.9M | 83% |
| Services and Other | $18.8M | 9% |
| Transactional | $17.8M | 8% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
