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TheRealReal, Inc.（REAL）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TheRealReal, Inc.的1.2倍（$225.0M vs $194.1M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 18.3%），TheRealReal, Inc.自由现金流更多（$45.8M vs $26.2M），过去两年TheRealReal, Inc.的营收复合增速更高（16.2% vs -12.3%）
TheRealReal是专业的奢侈品线上交易平台，所有在售商品均经过专业人员鉴定，可满足用户买卖二手奢侈品的需求。截至2023年9月30日，平台会员规模已超3800万，累计售出商品近4000万件。
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。
REAL vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.2倍
$194.1M
营收增速更快
ROCK
高出6.6%
18.3%
自由现金流更多
REAL
多$19.6M
$26.2M
两年增速更快
REAL
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $194.1M | $225.0M |
| 净利润 | — | — |
| 毛利率 | 74.8% | 25.3% |
| 营业利润率 | 3.2% | 7.9% |
| 净利率 | — | — |
| 营收同比 | 18.3% | 24.9% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $0.06 | — |
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REALROCK
| Q4 25 | $194.1M | $225.0M | ||
| Q3 25 | $173.6M | $310.9M | ||
| Q2 25 | $165.2M | $309.5M | ||
| Q1 25 | $160.0M | $290.0M | ||
| Q4 24 | $164.0M | $180.1M | ||
| Q3 24 | $147.8M | $277.1M | ||
| Q2 24 | $144.9M | $273.6M | ||
| Q1 24 | $143.8M | $292.5M |
净利润REALROCK
| Q4 25 | — | — | ||
| Q3 25 | $-54.1M | $-89.1M | ||
| Q2 25 | $-11.4M | $26.0M | ||
| Q1 25 | $62.4M | $21.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-17.9M | $34.0M | ||
| Q2 24 | $-16.7M | $32.2M | ||
| Q1 24 | $-31.1M | $24.9M |
毛利率REALROCK
| Q4 25 | 74.8% | 25.3% | ||
| Q3 25 | 74.3% | 26.6% | ||
| Q2 25 | 74.3% | 28.4% | ||
| Q1 25 | 75.0% | 26.8% | ||
| Q4 24 | 74.4% | 29.0% | ||
| Q3 24 | 74.9% | 29.4% | ||
| Q2 24 | 74.1% | 30.5% | ||
| Q1 24 | 74.6% | 28.9% |
营业利润率REALROCK
| Q4 25 | 3.2% | 7.9% | ||
| Q3 25 | -4.3% | 12.8% | ||
| Q2 25 | -6.0% | 12.8% | ||
| Q1 25 | -8.0% | 8.8% | ||
| Q4 24 | -3.1% | 13.3% | ||
| Q3 24 | -9.9% | 15.6% | ||
| Q2 24 | -13.0% | 14.9% | ||
| Q1 24 | -12.5% | 10.8% |
净利率REALROCK
| Q4 25 | — | — | ||
| Q3 25 | -31.1% | -28.6% | ||
| Q2 25 | -6.9% | 8.4% | ||
| Q1 25 | 39.0% | 7.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | -12.1% | 12.3% | ||
| Q2 24 | -11.5% | 11.8% | ||
| Q1 24 | -21.6% | 8.5% |
每股收益（稀释后）REALROCK
| Q4 25 | $0.06 | — | ||
| Q3 25 | $-0.49 | $-2.98 | ||
| Q2 25 | $-0.13 | $0.87 | ||
| Q1 25 | $-0.14 | — | ||
| Q4 24 | $-0.57 | — | ||
| Q3 24 | $-0.17 | $1.11 | ||
| Q2 24 | $-0.20 | $1.05 | ||
| Q1 24 | $-0.30 | — |
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 | $151.2M | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $-415.5M | $950.4M |
| 总资产 | $409.0M | $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REALROCK
| Q4 25 | $151.2M | $115.7M | ||
| Q3 25 | $108.4M | $89.4M | ||
| Q2 25 | $94.3M | $43.3M | ||
| Q1 25 | $139.6M | $25.1M | ||
| Q4 24 | $172.2M | $269.5M | ||
| Q3 24 | $153.2M | $228.9M | ||
| Q2 24 | $150.7M | $179.1M | ||
| Q1 24 | $166.0M | $146.7M |
总债务REALROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益REALROCK
| Q4 25 | $-415.5M | $950.4M | ||
| Q3 25 | $-385.1M | $951.8M | ||
| Q2 25 | $-338.2M | $1.0B | ||
| Q1 25 | $-336.1M | $1.0B | ||
| Q4 24 | $-407.4M | $1.0B | ||
| Q3 24 | $-345.4M | $1.0B | ||
| Q2 24 | $-335.3M | $975.7M | ||
| Q1 24 | $-327.1M | $940.2M |
总资产REALROCK
| Q4 25 | $409.0M | $1.4B | ||
| Q3 25 | $366.2M | $1.4B | ||
| Q2 25 | $349.4M | $1.5B | ||
| Q1 25 | $400.4M | $1.4B | ||
| Q4 24 | $423.1M | $1.4B | ||
| Q3 24 | $406.3M | $1.4B | ||
| Q2 24 | $407.4M | $1.4B | ||
| Q1 24 | $431.6M | $1.3B |
负债/权益比REALROCK
| 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× | ||
| 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 | $49.5M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $45.8M | $26.2M |
| 自由现金流率自由现金流/营收 | 23.6% | 11.7% |
| 资本支出强度资本支出/营收 | 1.9% | 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 | $18.4M | $120.6M |
8季度趋势，按日历期对齐
经营现金流REALROCK
| Q4 25 | $49.5M | $35.5M | ||
| Q3 25 | $19.3M | $73.0M | ||
| Q2 25 | $-3.6M | $44.9M | ||
| Q1 25 | $-28.3M | $13.7M | ||
| Q4 24 | $28.0M | $19.9M | ||
| Q3 24 | $9.1M | $64.7M | ||
| Q2 24 | $-6.8M | $36.5M | ||
| Q1 24 | $-3.5M | $53.2M |
自由现金流REALROCK
| Q4 25 | $45.8M | $26.2M | ||
| Q3 25 | $16.9M | $64.8M | ||
| Q2 25 | $-11.4M | $27.3M | ||
| Q1 25 | $-33.0M | $2.3M | ||
| Q4 24 | $22.9M | $14.1M | ||
| Q3 24 | $5.0M | $60.5M | ||
| Q2 24 | $-9.8M | $33.5M | ||
| Q1 24 | $-5.6M | $48.8M |
自由现金流率REALROCK
| Q4 25 | 23.6% | 11.7% | ||
| Q3 25 | 9.7% | 20.8% | ||
| Q2 25 | -6.9% | 8.8% | ||
| Q1 25 | -20.6% | 0.8% | ||
| Q4 24 | 14.0% | 7.8% | ||
| Q3 24 | 3.4% | 21.8% | ||
| Q2 24 | -6.7% | 12.2% | ||
| Q1 24 | -3.9% | 16.7% |
资本支出强度REALROCK
| Q4 25 | 1.9% | 4.1% | ||
| Q3 25 | 1.4% | 2.6% | ||
| Q2 25 | 4.7% | 5.7% | ||
| Q1 25 | 2.9% | 3.9% | ||
| Q4 24 | 3.1% | 3.3% | ||
| Q3 24 | 2.7% | 1.5% | ||
| Q2 24 | 2.1% | 1.1% | ||
| Q1 24 | 1.5% | 1.5% |
现金转化率REALROCK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.73× | ||
| Q1 25 | -0.45× | 0.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 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
REAL
| Services | $149.0M | 77% |
| Products | $27.2M | 14% |
| Shipping And Handling | $17.8M | 9% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
