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Side-by-side financial comparison of Nutanix, Inc. (NTNX) and ROYAL GOLD INC (RGLD). Click either name above to swap in a different company.

Nutanix, Inc. is the larger business by last-quarter revenue ($670.6M vs $375.3M, roughly 1.8× ROYAL GOLD INC). ROYAL GOLD INC runs the higher net margin — 24.9% vs 9.3%, a 15.7% gap on every dollar of revenue. On growth, ROYAL GOLD INC posted the faster year-over-year revenue change (85.3% vs 13.5%). Over the past eight quarters, ROYAL GOLD INC's revenue compounded faster (58.8% CAGR vs 8.9%).

Nutanix, Inc. is an American cloud computing company that sells software for datacenters and hybrid multi-cloud deployments. This includes software for virtualization, Kubernetes, database-as-a-service, software-defined networking, security, as well as software-defined storage for file, object, and block storage.

Royal Gold Inc. is a leading precious metals streaming and royalty firm that acquires and manages a diversified portfolio of streaming interests, royalties, and equity interests tied to mining projects. Its assets cover gold, silver, and copper production across North America, South America, Africa, and Australia, operating with a low-risk model that avoids direct mining operations.

NTNX vs RGLD — Head-to-Head

Bigger by revenue
NTNX
NTNX
1.8× larger
NTNX
$670.6M
$375.3M
RGLD
Growing faster (revenue YoY)
RGLD
RGLD
+71.8% gap
RGLD
85.3%
13.5%
NTNX
Higher net margin
RGLD
RGLD
15.7% more per $
RGLD
24.9%
9.3%
NTNX
Faster 2-yr revenue CAGR
RGLD
RGLD
Annualised
RGLD
58.8%
8.9%
NTNX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NTNX
NTNX
RGLD
RGLD
Revenue
$670.6M
$375.3M
Net Profit
$62.1M
$93.6M
Gross Margin
87.0%
64.6%
Operating Margin
7.4%
56.2%
Net Margin
9.3%
24.9%
Revenue YoY
13.5%
85.3%
Net Profit YoY
107.5%
-12.8%
EPS (diluted)
$0.21
$1.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NTNX
NTNX
RGLD
RGLD
Q4 25
$670.6M
$375.3M
Q3 25
$653.3M
$252.1M
Q2 25
$639.0M
$209.6M
Q1 25
$654.7M
$193.4M
Q4 24
$591.0M
$202.6M
Q3 24
$548.0M
$193.8M
Q2 24
$524.6M
$174.1M
Q1 24
$565.2M
$148.9M
Net Profit
NTNX
NTNX
RGLD
RGLD
Q4 25
$62.1M
$93.6M
Q3 25
$38.6M
$126.8M
Q2 25
$63.4M
$132.3M
Q1 25
$56.4M
$113.5M
Q4 24
$29.9M
$107.4M
Q3 24
$-126.1M
$96.2M
Q2 24
$-15.6M
$81.2M
Q1 24
$32.8M
$47.2M
Gross Margin
NTNX
NTNX
RGLD
RGLD
Q4 25
87.0%
64.6%
Q3 25
87.2%
73.6%
Q2 25
87.0%
72.6%
Q1 25
87.0%
69.4%
Q4 24
86.0%
70.3%
Q3 24
85.2%
66.6%
Q2 24
84.8%
64.7%
Q1 24
85.6%
58.4%
Operating Margin
NTNX
NTNX
RGLD
RGLD
Q4 25
7.4%
56.2%
Q3 25
4.8%
64.4%
Q2 25
7.6%
67.7%
Q1 25
10.0%
63.6%
Q4 24
4.6%
65.9%
Q3 24
-2.2%
61.3%
Q2 24
-2.2%
58.6%
Q1 24
6.6%
50.7%
Net Margin
NTNX
NTNX
RGLD
RGLD
Q4 25
9.3%
24.9%
Q3 25
5.9%
50.3%
Q2 25
9.9%
63.1%
Q1 25
8.6%
58.7%
Q4 24
5.1%
53.0%
Q3 24
-23.0%
49.7%
Q2 24
-3.0%
46.6%
Q1 24
5.8%
31.7%
EPS (diluted)
NTNX
NTNX
RGLD
RGLD
Q4 25
$0.21
$1.04
Q3 25
$0.14
$1.92
Q2 25
$0.22
$2.01
Q1 25
$0.19
$1.72
Q4 24
$0.10
$1.63
Q3 24
$-0.50
$1.46
Q2 24
$-0.06
$1.23
Q1 24
$0.12
$0.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NTNX
NTNX
RGLD
RGLD
Cash + ST InvestmentsLiquidity on hand
$780.4M
$233.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-668.6M
$7.2B
Total Assets
$3.3B
$9.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTNX
NTNX
RGLD
RGLD
Q4 25
$780.4M
$233.7M
Q3 25
$769.5M
$172.8M
Q2 25
$872.6M
$248.2M
Q1 25
$1.1B
$240.8M
Q4 24
$716.6M
$195.5M
Q3 24
$655.3M
$127.9M
Q2 24
$598.0M
$74.2M
Q1 24
$679.2M
$137.9M
Total Debt
NTNX
NTNX
RGLD
RGLD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
$50.0M
Q1 24
Stockholders' Equity
NTNX
NTNX
RGLD
RGLD
Q4 25
$-668.6M
$7.2B
Q3 25
$-694.5M
$3.4B
Q2 25
$-711.4M
$3.3B
Q1 25
$-807.7M
$3.2B
Q4 24
$-685.3M
$3.1B
Q3 24
$-728.1M
$3.0B
Q2 24
$-619.5M
$3.0B
Q1 24
$-611.7M
$2.9B
Total Assets
NTNX
NTNX
RGLD
RGLD
Q4 25
$3.3B
$9.5B
Q3 25
$3.3B
$4.5B
Q2 25
$3.1B
$3.6B
Q1 25
$3.0B
$3.5B
Q4 24
$2.2B
$3.4B
Q3 24
$2.1B
$3.3B
Q2 24
$2.8B
$3.3B
Q1 24
$2.7B
$3.3B
Debt / Equity
NTNX
NTNX
RGLD
RGLD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
0.02×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NTNX
NTNX
RGLD
RGLD
Operating Cash FlowLast quarter
$196.8M
$241.7M
Free Cash FlowOCF − Capex
$174.5M
FCF MarginFCF / Revenue
26.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
3.17×
2.58×
TTM Free Cash FlowTrailing 4 quarters
$772.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTNX
NTNX
RGLD
RGLD
Q4 25
$196.8M
$241.7M
Q3 25
$219.5M
$174.0M
Q2 25
$218.5M
$152.8M
Q1 25
$221.7M
$136.4M
Q4 24
$161.8M
$141.1M
Q3 24
$244.7M
$136.7M
Q2 24
$96.4M
$113.5M
Q1 24
$186.4M
$138.3M
Free Cash Flow
NTNX
NTNX
RGLD
RGLD
Q4 25
$174.5M
Q3 25
$207.8M
Q2 25
$203.4M
Q1 25
$187.1M
Q4 24
$151.9M
Q3 24
$224.3M
Q2 24
$78.3M
Q1 24
$162.6M
FCF Margin
NTNX
NTNX
RGLD
RGLD
Q4 25
26.0%
Q3 25
31.8%
Q2 25
31.8%
Q1 25
28.6%
Q4 24
25.7%
Q3 24
40.9%
Q2 24
14.9%
Q1 24
28.8%
Capex Intensity
NTNX
NTNX
RGLD
RGLD
Q4 25
3.3%
Q3 25
1.8%
Q2 25
2.4%
Q1 25
5.3%
Q4 24
1.7%
Q3 24
3.7%
Q2 24
3.4%
Q1 24
4.2%
Cash Conversion
NTNX
NTNX
RGLD
RGLD
Q4 25
3.17×
2.58×
Q3 25
5.68×
1.37×
Q2 25
3.45×
1.15×
Q1 25
3.93×
1.20×
Q4 24
5.41×
1.31×
Q3 24
1.42×
Q2 24
1.40×
Q1 24
5.68×
2.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NTNX
NTNX

Services$335.5M50%
Subscriptionand Circulation Software Entitlementand Support Subscription$320.8M48%
Other$14.3M2%

RGLD
RGLD

Gold$216.9M58%
Pueblo Viejo$47.3M13%
Andacollo$32.6M9%
Silver$32.1M9%
Other$27.2M7%
Copper$13.7M4%
Cortez Legacy Zone$5.4M1%

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