Gibraltar INDUSTRIES, Inc. (ROCK) intrinsic value & 10-year financials
Gibraltar INDUSTRIES, Inc. (ROCK) has a Graham intrinsic value of $42.94 per share. At $37.89 on Oct 17, 2026, the stock trades 12% below that value. Over the last 10 fiscal years revenue grew 1.3% a year to $1.1B, with an average return on invested capital of 12.5%.
- Graham intrinsic value
- $42.94
- Share price (Oct 17, 2026)
- $37.89
- Price vs Graham value
- 12% below
- Market cap
- $1.1B
- Revenue (FY2025)
- $1.1B
- Revenue growth (10-yr CAGR)
- 1.3%
- ROIC (10-yr avg)
- 12.5%
- Free cash flow (FY2025)
- $120.6M
ROCK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.1B | -$44.4M | -$1.48 | $120.6M | 10.8% | 14.5% |
| FY2024 | $1.3B | $137.3M | $4.46 | $153.8M | 10.9% | 13.6% |
| FY2023 | $1.4B | $110.5M | $3.59 | $203.5M | 10.9% | 12.7% |
| FY2022 | $1.4B | $82.4M | $2.56 | $82.6M | 9.4% | 10.9% |
| FY2021 | $1.3B | $75.6M | $2.29 | $5.4M | 7.2% | 8.8% |
| FY2020 | $1.0B | $64.6M | $1.96 | $76.0M | 10.4% | 11.8% |
| FY2019 | $1.0B | $65.1M | $1.99 | $118.8M | 8.4% | 13.4% |
| FY2018 | $1.0B | $63.8M | $1.96 | $85.1M | 9.4% | 14.6% |
| FY2017 | $986.9M | $62.6M | $1.94 | $58.7M | 9.4% | 14.7% |
| FY2016 | $1.0B | $33.7M | $1.05 | $112.0M | 7.2% | 9.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GIBRALTAR INDUSTRIES, INC. has demonstrated mature, steady growth, with revenue compounding at 1.3% annually over the past decade.
GIBRALTAR INDUSTRIES, INC. returns on capital have been average, hovering around 12.5% ROIC over the decade.
GIBRALTAR INDUSTRIES, INC. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GIBRALTAR INDUSTRIES, INC. is modeled at 1.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $42.94 per share.