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ROCKGibraltar Industries, Inc.
$43.15$1.3B
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Gibraltar Industries, Inc. (ROCK) Financial Ratios

Latest Ratios: P/E Ratio 13.3x · EV/EBITDA 8.3x · ROE 9.8%. (1996–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

ROCK Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Market Cap$1.3B$1.5B$1.8B$2.4B$1.5B$2.2B$2.4B$1.7B$1.2B$1.1B$1.3B
Enterprise Value$1.3B$1.5B$1.6B$2.4B$1.6B$2.2B$2.4B$1.5B$1.1B$1.1B$1.4B
P/E Ratio →13.2815.2113.2122.0017.9229.1236.7025.3518.1617.0139.67
P/S Ratio1.131.311.381.761.061.652.291.841.161.081.33
P/B Ratio1.361.561.732.661.802.673.182.451.942.002.90
P/FCF10.5912.2611.7411.8917.87410.8231.1413.9013.6118.1411.93
P/OCF7.668.8810.4011.1314.3895.5426.5812.7011.8715.1910.88

P/E links to full P/E history page with 30-year chart

ROCK EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
EV / Revenue—1.301.211.731.131.672.371.651.071.071.36
EV / EBITDA8.319.649.3313.3510.0817.3219.1115.059.379.1814.17
EV / EBIT10.3311.6210.3015.6513.6422.0721.6518.4111.6410.7014.14
EV / FCF—12.1710.3011.6319.07416.3332.1912.4712.5917.9312.28

ROCK Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Gross Margin26.9%26.9%27.5%26.3%22.9%21.6%25.0%24.5%24.2%24.0%24.3%
Operating Margin10.8%10.8%10.9%10.9%9.4%7.2%10.4%9.0%9.4%9.4%7.2%
Net Profit Margin8.6%8.6%10.5%8.0%5.9%5.6%6.3%7.2%6.4%6.3%3.3%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
ROE9.8%9.8%14.0%12.7%10.0%9.6%9.1%10.2%11.3%12.6%7.7%
ROA6.9%6.9%10.3%9.0%6.8%6.2%5.9%6.4%6.2%6.6%3.7%
ROIC10.4%10.4%12.7%12.7%11.0%8.7%12.1%12.0%13.7%13.7%10.4%
ROCE11.2%11.2%13.0%14.9%13.5%10.6%12.9%11.3%12.6%11.7%9.9%

ROCK Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Debt / Equity0.110.110.040.050.140.050.150.030.350.390.45
Debt / EBITDA0.680.680.270.260.750.330.870.221.841.832.16
Net Debt / Equity—-0.01-0.21-0.060.120.040.11-0.25-0.15-0.020.09
Net Debt / EBITDA-0.08-0.08-1.31-0.300.630.230.62-1.73-0.76-0.110.41
Debt / FCF—-0.10-1.44-0.261.205.511.04-1.43-1.02-0.210.35
Interest Coverage——25.0150.6328.5561.75160.8334.617.637.006.67

Net cash position: cash ($116M) exceeds total debt ($104M)

ROCK Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Current Ratio1.721.722.562.051.971.561.411.911.392.712.57
Quick Ratio1.401.402.011.511.180.941.081.641.132.201.98
Cash Ratio0.320.321.060.440.080.040.110.830.761.301.12
Asset Turnover—0.810.921.101.151.100.850.910.941.001.10
Inventory Turnover7.117.116.878.436.295.967.8810.957.688.698.52
Days Sales Outstanding—47.2956.8759.4957.0264.4269.9954.4151.0853.7744.93

ROCK Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Dividend Yield———————————
Payout Ratio———————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Earnings Yield7.5%6.6%7.6%4.5%5.6%3.4%2.7%3.9%5.5%5.9%2.5%
FCF Yield9.4%8.2%8.5%8.4%5.6%0.2%3.2%7.2%7.3%5.5%8.4%
Buyback Yield5.0%4.3%0.7%1.2%6.1%0.3%0.3%0.3%0.6%0.3%0.1%
Total Shareholder Yield5.0%4.3%0.7%1.2%6.1%0.3%0.3%0.3%0.6%0.3%0.1%
Shares Outstanding—$30M$31M$31M$32M$33M$33M$33M$33M$32M$32M

Key Metrics

Growth RegimeMixed
ProfitabilityStrained
Balance SheetVulnerable
Cash FlowDeteriorating
Top Statement Risk

Aggressive inorganic leverage expansion

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Valuation Reflects Heightened Execution Risk

Based on current market data, ROCK trades at a forward P/E of 11.64, which appears to discount the recent volatility in project-based earnings while failing to fully account for the integration risks associated with the company's rapid expansion into the Renewables and Agtech segments via recent acquisitions.

The current valuation multiple suggests that investors are pricing in a significant recovery in project-based margins, yet the recent shift to negative net income warrants caution. Compared to peers like Trex, which commands a premium for its consistent residential focus, ROCK's lower multiple may reflect a conglomerate discount that is unlikely to compress until the company demonstrates stable, non-dilutive earnings growth.

Capital Efficiency Decaying Under Acquisitions

As reported in financial statements, ROIC has plummeted to -0.2% in 2026Q1, a sharp reversal from the 3.1% observed in 2025Q3, indicating that recent capital deployment has failed to generate adequate returns and is currently eroding shareholder value rather than compounding it over the long term.

The collapse in return on capital suggests that the company's recent inorganic growth strategy is struggling to achieve the necessary scale to offset the high costs of entry into specialized industrial markets. Investors should monitor whether this decay is a temporary byproduct of integration or a structural failure of the current capital allocation framework.

Working Capital Drag Impairs Liquidity

According to the most recent quarterly data, the cash conversion cycle has expanded to 65 days, reflecting a deterioration in working capital efficiency as the company struggles to convert project-based billings into cash amidst a challenging macroeconomic environment for construction and infrastructure developers.

The increase in the cash conversion cycle suggests that the company is facing mounting pressure from customers or experiencing delays in project milestones, which ties up liquidity in unbilled receivables. This trend appears to be a significant headwind to operational cash flow, necessitating a closer look at the quality of the company's current project backlog.

Balance Sheet Strength Rapidly Eroding

Based on reported figures, the debt-to-equity ratio surged to 1.56 in 2026Q1 from a historically conservative 0.11 in 2025Q4, signaling a dramatic shift in the company's financial profile as it pivots toward a more debt-heavy capital structure to fund its aggressive acquisition-led growth strategy.

The rapid increase in leverage significantly reduces the company's financial flexibility, leaving it more exposed to interest rate volatility and potential covenant breaches. This transition from a fortress balance sheet to a vulnerable one suggests that management's risk appetite has fundamentally changed, which may not be fully appreciated by the market.

Misapplied Reliance on P/E Multiples

The P/E ratio is the most commonly misapplied metric for ROCK, as it obscures the extreme volatility in net income caused by project-based accounting and non-recurring acquisition costs, which often mask the underlying cash-generating capacity of the company's core residential and infrastructure product lines.

Analysts should instead prioritize EV/EBITDA or free cash flow yield to better assess the company's operational performance, as these metrics are less susceptible to the accounting distortions inherent in percentage-of-completion revenue recognition. Relying on P/E in this context may lead to an inaccurate assessment of the company's true earnings power and valuation.

Download Financial Ratios Data

Includes 30+ ratios · 30 years · Updated daily

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ROCK — Frequently Asked Questions

Quick answers to the most common questions about buying ROCK stock.

What is Gibraltar Industries, Inc.'s P/E ratio?

Gibraltar Industries, Inc.'s current P/E ratio is 13.3x. The historical average is 20.9x. This places it at the 15th percentile of its historical range.

What is Gibraltar Industries, Inc.'s EV/EBITDA?

Gibraltar Industries, Inc.'s current EV/EBITDA is 8.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.

What is Gibraltar Industries, Inc.'s ROE?

Gibraltar Industries, Inc.'s return on equity (ROE) is 9.8%. The historical average is 6.7%.

Is ROCK stock overvalued?

Based on historical data, Gibraltar Industries, Inc. is trading at a P/E of 13.3x. This is at the 15th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.

What are Gibraltar Industries, Inc.'s profit margins?

Gibraltar Industries, Inc. has 26.9% gross margin and 10.8% operating margin. Operating margin between 10-20% is typical for established companies.

How much debt does Gibraltar Industries, Inc. have?

Gibraltar Industries, Inc.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.