vs
ACCO BRANDS Corp（ACCO）与ROYAL GOLD INC（RGLD）财务数据对比。点击上方公司名可切换其他公司
ACCO BRANDS Corp的季度营收约是ROYAL GOLD INC的1.1倍（$428.8M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 5.0%，领先20.0%），ROYAL GOLD INC同比增速更快（85.3% vs -4.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 9.3%）
ACCO Brands是一家美国跨国企业，由财富品牌旗下的ACCO World与通用装订公司GBC合并组建而成，截至2025年，公司董事长兼首席执行官为Thomas W. Tedford，主营办公文具与办公用品相关业务。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
ACCO vs RGLD — 直观对比
营收规模更大
ACCO
是对方的1.1倍
$375.3M
营收增速更快
RGLD
高出89.6%
-4.3%
净利率更高
RGLD
高出20.0%
5.0%
两年增速更快
RGLD
近两年复合增速
9.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $428.8M | $375.3M |
| 净利润 | $21.3M | $93.6M |
| 毛利率 | 33.6% | 64.6% |
| 营业利润率 | 9.3% | 56.2% |
| 净利率 | 5.0% | 24.9% |
| 营收同比 | -4.3% | 85.3% |
| 净利润同比 | 3.4% | -12.8% |
| 每股收益（稀释后） | $0.23 | $1.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACCORGLD
| Q4 25 | $428.8M | $375.3M | ||
| Q3 25 | $383.7M | $252.1M | ||
| Q2 25 | $394.8M | $209.6M | ||
| Q1 25 | $317.4M | $193.4M | ||
| Q4 24 | $448.1M | $202.6M | ||
| Q3 24 | $420.9M | $193.8M | ||
| Q2 24 | $438.3M | $174.1M | ||
| Q1 24 | $358.9M | $148.9M |
净利润ACCORGLD
| Q4 25 | $21.3M | $93.6M | ||
| Q3 25 | $4.0M | $126.8M | ||
| Q2 25 | $29.2M | $132.3M | ||
| Q1 25 | $-13.2M | $113.5M | ||
| Q4 24 | $20.6M | $107.4M | ||
| Q3 24 | $9.3M | $96.2M | ||
| Q2 24 | $-125.2M | $81.2M | ||
| Q1 24 | $-6.3M | $47.2M |
毛利率ACCORGLD
| Q4 25 | 33.6% | 64.6% | ||
| Q3 25 | 33.0% | 73.6% | ||
| Q2 25 | 32.9% | 72.6% | ||
| Q1 25 | 31.4% | 69.4% | ||
| Q4 24 | 34.7% | 70.3% | ||
| Q3 24 | 32.5% | 66.6% | ||
| Q2 24 | 34.8% | 64.7% | ||
| Q1 24 | 30.8% | 58.4% |
营业利润率ACCORGLD
| Q4 25 | 9.3% | 56.2% | ||
| Q3 25 | 6.8% | 64.4% | ||
| Q2 25 | 8.4% | 67.7% | ||
| Q1 25 | -2.1% | 63.6% | ||
| Q4 24 | 9.4% | 65.9% | ||
| Q3 24 | 6.2% | 61.3% | ||
| Q2 24 | -25.4% | 58.6% | ||
| Q1 24 | 1.6% | 50.7% |
净利率ACCORGLD
| Q4 25 | 5.0% | 24.9% | ||
| Q3 25 | 1.0% | 50.3% | ||
| Q2 25 | 7.4% | 63.1% | ||
| Q1 25 | -4.2% | 58.7% | ||
| Q4 24 | 4.6% | 53.0% | ||
| Q3 24 | 2.2% | 49.7% | ||
| Q2 24 | -28.6% | 46.6% | ||
| Q1 24 | -1.8% | 31.7% |
每股收益（稀释后）ACCORGLD
| Q4 25 | $0.23 | $1.04 | ||
| Q3 25 | $0.04 | $1.92 | ||
| Q2 25 | $0.31 | $2.01 | ||
| Q1 25 | $-0.14 | $1.72 | ||
| Q4 24 | $0.21 | $1.63 | ||
| Q3 24 | $0.09 | $1.46 | ||
| Q2 24 | $-1.29 | $1.23 | ||
| Q1 24 | $-0.07 | $0.72 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $664.6M | $7.2B |
| 总资产 | $2.3B | $9.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ACCORGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | — | $127.9M | ||
| Q2 24 | — | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务ACCORGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益ACCORGLD
| Q4 25 | $664.6M | $7.2B | ||
| Q3 25 | $644.0M | $3.4B | ||
| Q2 25 | $637.3M | $3.3B | ||
| Q1 25 | $606.1M | $3.2B | ||
| Q4 24 | $606.1M | $3.1B | ||
| Q3 24 | $615.5M | $3.0B | ||
| Q2 24 | $617.1M | $3.0B | ||
| Q1 24 | $758.5M | $2.9B |
总资产ACCORGLD
| Q4 25 | $2.3B | $9.5B | ||
| Q3 25 | $2.3B | $4.5B | ||
| Q2 25 | $2.4B | $3.6B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.2B | $3.4B | ||
| Q3 24 | $2.4B | $3.3B | ||
| Q2 24 | $2.4B | $3.3B | ||
| Q1 24 | $2.5B | $3.3B |
负债/权益比ACCORGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $30.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.44× | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ACCORGLD
| Q4 25 | $30.6M | $241.7M | ||
| Q3 25 | $71.5M | $174.0M | ||
| Q2 25 | $-38.9M | $152.8M | ||
| Q1 25 | $5.5M | $136.4M | ||
| Q4 24 | $52.7M | $141.1M | ||
| Q3 24 | $92.9M | $136.7M | ||
| Q2 24 | $-25.6M | $113.5M | ||
| Q1 24 | $28.2M | $138.3M |
现金转化率ACCORGLD
| Q4 25 | 1.44× | 2.58× | ||
| Q3 25 | 17.88× | 1.37× | ||
| Q2 25 | -1.33× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 2.56× | 1.31× | ||
| Q3 24 | 9.99× | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 2.93× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACCO
| Transferred At Point In Time | $421.6M | 98% |
| Transferred Over Time | $7.2M | 2% |
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
