Gibraltar Industries, Inc.

gibraltar1.com

What Do They Do?

Sells roofing and rainwater accessories, ventilation products, and mail and package systems to home improvement retailers, building-material distributors, and residential contractors and end users.

How Do They Make Money?

Customers generally pay within 30 to 60 days, sometimes with upfront deposits. Product sales are counted when the customer takes delivery; qualifying construction and custom-product work is counted as it progresses.

revenue

Segment	Share	How money arrives
Residential Sold outright	73% FY2022: 55%	Sold outright
Agtech	19% FY2022: 12%
Infrastructure Sold outright	8.1% FY2022: 5.5%	Sold outright

Who Are Their Customers?

Residential products reach customers through retailers, wholesalers and distributors, with some sales directly to consumers; Agtech serves growers, retailers and canopy buyers, while Infrastructure sells to transportation contractors and fabricators.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 17% from one customer

Do Revenues Turn Into Profits?

Not on paper. It lost $44.4M in FY2025, but brought in more cash than it spent: $120.6M of free cash flow.

Operating income, FY2025

11% of revenue

▼ −12% vs FY2024 ($139.7M, 14%)

Net income, FY2025

−4% of revenue

▼ Now a loss vs FY2024 ($137.3M, 13%)

Free cash flow, FY2025

11% of revenue

▼ −23% vs FY2024 ($156.9M, 15%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +65%; vs $309.5M in Q2 FY2025
Net income: ▼ −69%; vs $26M in Q2 FY2025

Residential share of revenue vs 74.4% in Q2 FY2025

Jul 16, 2026 Sold the remaining Renewables racking and foundations business The sale completed the divestiture of Renewables.

Shrinking. Revenue fell 15% in 4 years, from $1.3B in FY2021 to $1.1B in FY2025, about 4% a year.

Renewables exit The earlier report included solar racking and electrical balance-of-systems products; the latest report describes Renewables as discontinued and says its assets were sold.

More canopy markets Agtech's structural-canopy work serves fuel stations, travel centers, food retailers and other sites; the earlier report described car-wash structures alongside greenhouse and indoor-growing solutions.

Revenue over time

Residential Agtech Infrastructure Renewables

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Comments