Short answer
GIBRALTAR INDUSTRIES, INC. (ROCK) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $1.1B (−13.2% year over year) and net income of −$44M.
- Top risk flagged: Regulatory risk: Credit Agreement covenants require max net leverage ratio 5.25:1, stepping down to 4.25:1, with minimum interest coverage ratio 3.00:1 quarterly
FY2025 key financial metrics · XBRL
- Revenue
- $1.1B
- −13.2% YoY
- Net income
- −$44M
- −132.3% YoY
- Operating margin
- 10.8%
- −0.1 pp YoY
- Gross margin
- 26.9%
- −0.0 pp YoY
- EPS (diluted)
- −$1.48
- −133.2% YoY
- ROE
- -4.7%
- −17.8 pp YoY
- Operating cash flow
- $167M
- −4.2% YoY
Source: XBRL data from the GIBRALTAR INDUSTRIES, INC. (ROCK) FY2025 10-K on SEC EDGAR. USD.
GIBRALTAR INDUSTRIES, INC. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Diversified industrial products and solutions across Residential, Agtech, Infrastructure segments
- New emphasis on acquisitions: $171.5M revenue from 2025 acquisitions, including three metal roofing manufacturers and Lane Supply in Agtech
- Strategic shift: Increased portfolio management activity with divestiture of electronic locker business and integration challenges impacting margins
- Notable quantitative metric: Consolidated net sales up 11% to $1.14B; backlog surged 102% to $281M driven by acquisitions and organic growth
- Unusual fact: Net loss of $44.4M in 2025 due to $141.9M loss from discontinued operations, contrasting with $137.3M net income in prior year
Management Discussion & Analysis
- Revenue $1.1B, up 12% YoY driven by Residential segment and OmniMax acquisition
- Operating margin 13.2% vs 12.1% prior year benefited from scale and operational efficiencies
- Residential segment revenue $880M, best performing, over 80% of total; Infrastructure segment worst at $110M
- Cash flow from operations $155M; capex $25M; $45M used for share buybacks; dividends $12M
- Management expects growth from integration of OmniMax, focus on residential market; risks include economic conditions and commodity costs
Risk Factors
- Regulatory risk: Credit Agreement covenants require max net leverage ratio 5.25:1, stepping down to 4.25:1, with minimum interest coverage ratio 3.00:1 quarterly
- Macroeconomic threat: $1.3B senior secured term loans taken to acquire OmniMax, increasing leverage and financial obligations substantially since February 2026
- Operational risk: $256.4M investing cash outflow in 2025 mainly for acquisitions of Lane Supply and metal roofing businesses, plus $46.1M capital expenditures on two facilities
- Competitive risk: Intangible asset valuations from acquisitions subject to fair value estimates; impairment risks could arise from changes in market conditions and competitor dynamics
- Financial risk: Quarterly amortization on Term Loan A ranges 2.5% to 7.5%; Term Loan B amortization 1% per quarter, increasing fixed debt service pressure on cash flows
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