vs
Riot Platforms, Inc.（RIOT）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Riot Platforms, Inc.的1.5倍（$225.0M vs $152.8M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 7.2%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-774.3M），过去两年Riot Platforms, Inc.的营收复合增速更高（38.8% vs -12.3%）
Riot Platforms是美国领先的比特币挖矿企业，在北美地区运营多座大规模高能效的加密货币矿场，同时布局区块链相关基础设施业务，长期持有比特币作为核心储备资产，专注于数字资产生态相关业务的长期发展。
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。
RIOT vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.5倍
$152.8M
营收增速更快
ROCK
高出17.7%
7.2%
自由现金流更多
ROCK
多$800.5M
$-774.3M
两年增速更快
RIOT
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $152.8M | $225.0M |
| 净利润 | $-690.7M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | -447.9% | 7.9% |
| 净利率 | -452.0% | — |
| 营收同比 | 7.2% | 24.9% |
| 净利润同比 | -606.3% | — |
| 每股收益（稀释后） | $-1.89 | — |
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RIOTROCK
| Q4 25 | $152.8M | $225.0M | ||
| Q3 25 | $180.2M | $310.9M | ||
| Q2 25 | $153.0M | $309.5M | ||
| Q1 25 | $161.4M | $290.0M | ||
| Q4 24 | $142.6M | $180.1M | ||
| Q3 24 | $84.8M | $277.1M | ||
| Q2 24 | $70.0M | $273.6M | ||
| Q1 24 | $79.3M | $292.5M |
净利润RIOTROCK
| Q4 25 | $-690.7M | — | ||
| Q3 25 | $104.5M | $-89.1M | ||
| Q2 25 | $219.5M | $26.0M | ||
| Q1 25 | $-296.4M | $21.1M | ||
| Q4 24 | $136.4M | — | ||
| Q3 24 | $-154.4M | $34.0M | ||
| Q2 24 | $-84.4M | $32.2M | ||
| Q1 24 | $211.8M | $24.9M |
毛利率RIOTROCK
| 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RIOTROCK
| Q4 25 | -447.9% | 7.9% | ||
| Q3 25 | 44.4% | 12.8% | ||
| Q2 25 | — | 12.8% | ||
| Q1 25 | -144.9% | 8.8% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | -143.3% | 15.6% | ||
| Q2 24 | -167.2% | 14.9% | ||
| Q1 24 | — | 10.8% |
净利率RIOTROCK
| Q4 25 | -452.0% | — | ||
| Q3 25 | 58.0% | -28.6% | ||
| Q2 25 | 143.4% | 8.4% | ||
| Q1 25 | -183.6% | 7.3% | ||
| Q4 24 | 95.7% | — | ||
| Q3 24 | -182.1% | 12.3% | ||
| Q2 24 | -120.6% | 11.8% | ||
| Q1 24 | 267.1% | 8.5% |
每股收益（稀释后）RIOTROCK
| Q4 25 | $-1.89 | — | ||
| Q3 25 | $0.26 | $-2.98 | ||
| Q2 25 | $0.58 | $0.87 | ||
| Q1 25 | $-0.90 | — | ||
| Q4 24 | $0.39 | — | ||
| Q3 24 | $-0.54 | $1.11 | ||
| Q2 24 | $-0.32 | $1.05 | ||
| Q1 24 | $0.51 | — |
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 | $233.5M | $115.7M |
| 总债务越低越好 | $840.8M | $0 |
| 股东权益账面价值 | $2.9B | $950.4M |
| 总资产 | $3.9B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.29× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资RIOTROCK
| Q4 25 | $233.5M | $115.7M | ||
| Q3 25 | $330.7M | $89.4M | ||
| Q2 25 | $255.4M | $43.3M | ||
| Q1 25 | $163.7M | $25.1M | ||
| Q4 24 | $277.9M | $269.5M | ||
| Q3 24 | $355.7M | $228.9M | ||
| Q2 24 | $481.2M | $179.1M | ||
| Q1 24 | $688.5M | $146.7M |
总债务RIOTROCK
| Q4 25 | $840.8M | $0 | ||
| Q3 25 | $5.3M | $0 | ||
| Q2 25 | $5.3M | $0 | ||
| Q1 25 | $5.3M | $0 | ||
| Q4 24 | $584.6M | $0 | ||
| Q3 24 | $5.7M | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益RIOTROCK
| Q4 25 | $2.9B | $950.4M | ||
| Q3 25 | $3.5B | $951.8M | ||
| Q2 25 | $3.3B | $1.0B | ||
| Q1 25 | $2.9B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $2.7B | $1.0B | ||
| Q2 24 | $2.6B | $975.7M | ||
| Q1 24 | $2.5B | $940.2M |
总资产RIOTROCK
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $4.5B | $1.4B | ||
| Q2 25 | $4.3B | $1.5B | ||
| Q1 25 | $3.7B | $1.4B | ||
| Q4 24 | $3.9B | $1.4B | ||
| Q3 24 | $2.9B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.3B |
负债/权益比RIOTROCK
| Q4 25 | 0.29× | 0.00× | ||
| Q3 25 | 0.00× | 0.00× | ||
| Q2 25 | 0.00× | 0.00× | ||
| Q1 25 | 0.00× | 0.00× | ||
| Q4 24 | 0.19× | 0.00× | ||
| Q3 24 | 0.00× | 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 | $-572.9M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-774.3M | $26.2M |
| 自由现金流率自由现金流/营收 | -506.6% | 11.7% |
| 资本支出强度资本支出/营收 | 131.8% | 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 | $-1.4B | $120.6M |
8季度趋势，按日历期对齐
经营现金流RIOTROCK
| Q4 25 | $-572.9M | $35.5M | ||
| Q3 25 | $-114.0M | $73.0M | ||
| Q2 25 | $-231.3M | $44.9M | ||
| Q1 25 | $-122.1M | $13.7M | ||
| Q4 24 | $-255.1M | $19.9M | ||
| Q3 24 | $-56.3M | $64.7M | ||
| Q2 24 | $-42.5M | $36.5M | ||
| Q1 24 | $-57.9M | $53.2M |
自由现金流RIOTROCK
| Q4 25 | $-774.3M | $26.2M | ||
| Q3 25 | $-139.7M | $64.8M | ||
| Q2 25 | $-291.7M | $27.3M | ||
| Q1 25 | $-154.9M | $2.3M | ||
| Q4 24 | $-495.4M | $14.1M | ||
| Q3 24 | $-127.6M | $60.5M | ||
| Q2 24 | $-96.1M | $33.5M | ||
| Q1 24 | $-115.2M | $48.8M |
自由现金流率RIOTROCK
| Q4 25 | -506.6% | 11.7% | ||
| Q3 25 | -77.5% | 20.8% | ||
| Q2 25 | -190.7% | 8.8% | ||
| Q1 25 | -96.0% | 0.8% | ||
| Q4 24 | -347.5% | 7.8% | ||
| Q3 24 | -150.5% | 21.8% | ||
| Q2 24 | -137.2% | 12.2% | ||
| Q1 24 | -145.2% | 16.7% |
资本支出强度RIOTROCK
| Q4 25 | 131.8% | 4.1% | ||
| Q3 25 | 14.3% | 2.6% | ||
| Q2 25 | 39.5% | 5.7% | ||
| Q1 25 | 20.4% | 3.9% | ||
| Q4 24 | 168.6% | 3.3% | ||
| Q3 24 | 84.1% | 1.5% | ||
| Q2 24 | 76.5% | 1.1% | ||
| Q1 24 | 72.3% | 1.5% |
现金转化率RIOTROCK
| Q4 25 | — | — | ||
| Q3 25 | -1.09× | — | ||
| Q2 25 | -1.05× | 1.73× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | -1.87× | — | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | -0.27× | 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
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
