vs
ProFrac Holding Corp.（ACDC）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
ProFrac Holding Corp.的季度营收约是ROYAL GOLD INC的1.2倍（$436.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -33.2%，领先58.1%），ROYAL GOLD INC同比增速更快（85.3% vs -4.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -13.4%）
ProFrac Holding Corp.是一家领先的北美能源服务企业，主要为油气勘探开采企业提供水力压裂、完井及相关配套服务，核心客户覆盖美国、加拿大主要陆上页岩及常规油气产区的上游运营商。
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。
ACDC vs RGLD — 直观对比
营收规模更大
ACDC
是对方的1.2倍
$375.3M
营收增速更快
RGLD
高出89.3%
-4.0%
净利率更高
RGLD
高出58.1%
-33.2%
两年增速更快
RGLD
近两年复合增速
-13.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $436.5M | $375.3M |
| 净利润 | $-144.7M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | -24.9% | 56.2% |
| 净利率 | -33.2% | 24.9% |
| 营收同比 | -4.0% | 85.3% |
| 净利润同比 | -37.8% | -12.8% |
| 每股收益（稀释后） | $-0.83 | $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ACDCRGLD
| Q4 25 | $436.5M | $375.3M | ||
| Q3 25 | $403.1M | $252.1M | ||
| Q2 25 | $501.9M | $209.6M | ||
| Q1 25 | $600.3M | $193.4M | ||
| Q4 24 | $454.7M | $202.6M | ||
| Q3 24 | $575.3M | $193.8M | ||
| Q2 24 | $579.4M | $174.1M | ||
| Q1 24 | $581.5M | $148.9M |
净利润ACDCRGLD
| Q4 25 | $-144.7M | $93.6M | ||
| Q3 25 | $-100.9M | $126.8M | ||
| Q2 25 | $-105.9M | $132.3M | ||
| Q1 25 | $-17.5M | $113.5M | ||
| Q4 24 | $-105.0M | $107.4M | ||
| Q3 24 | $-45.2M | $96.2M | ||
| Q2 24 | $-66.7M | $81.2M | ||
| Q1 24 | $1.8M | $47.2M |
毛利率ACDCRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率ACDCRGLD
| Q4 25 | -24.9% | 56.2% | ||
| Q3 25 | -19.5% | 64.4% | ||
| Q2 25 | -10.8% | 67.7% | ||
| Q1 25 | 2.7% | 63.6% | ||
| Q4 24 | -10.3% | 65.9% | ||
| Q3 24 | -0.7% | 61.3% | ||
| Q2 24 | -8.5% | 58.6% | ||
| Q1 24 | 6.9% | 50.7% |
净利率ACDCRGLD
| Q4 25 | -33.2% | 24.9% | ||
| Q3 25 | -25.0% | 50.3% | ||
| Q2 25 | -21.1% | 63.1% | ||
| Q1 25 | -2.9% | 58.7% | ||
| Q4 24 | -23.1% | 53.0% | ||
| Q3 24 | -7.9% | 49.7% | ||
| Q2 24 | -11.5% | 46.6% | ||
| Q1 24 | 0.3% | 31.7% |
每股收益（稀释后）ACDCRGLD
| Q4 25 | $-0.83 | $1.04 | ||
| Q3 25 | $-0.60 | $1.92 | ||
| Q2 25 | $-0.67 | $2.01 | ||
| Q1 25 | $-0.12 | $1.72 | ||
| Q4 24 | $-0.67 | $1.63 | ||
| Q3 24 | $-0.29 | $1.46 | ||
| Q2 24 | $-0.42 | $1.23 | ||
| Q1 24 | $0.00 | $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 | $22.9M | $233.7M |
| 总债务越低越好 | $832.7M | — |
| 股东权益账面价值 | $717.5M | $7.2B |
| 总资产 | $2.6B | $9.5B |
| 负债/权益比越低杠杆越低 | 1.16× | — |
8季度趋势，按日历期对齐
现金及短期投资ACDCRGLD
| Q4 25 | $22.9M | $233.7M | ||
| Q3 25 | $58.0M | $172.8M | ||
| Q2 25 | $26.0M | $248.2M | ||
| Q1 25 | $16.0M | $240.8M | ||
| Q4 24 | $14.8M | $195.5M | ||
| Q3 24 | $25.5M | $127.9M | ||
| Q2 24 | $24.0M | $74.2M | ||
| Q1 24 | $28.3M | $137.9M |
总债务ACDCRGLD
| Q4 25 | $832.7M | — | ||
| Q3 25 | $907.0M | — | ||
| Q2 25 | $941.9M | — | ||
| Q1 25 | $967.9M | — | ||
| Q4 24 | $936.1M | — | ||
| Q3 24 | $986.7M | $0 | ||
| Q2 24 | $1.0B | $50.0M | ||
| Q1 24 | $895.1M | — |
股东权益ACDCRGLD
| Q4 25 | $717.5M | $7.2B | ||
| Q3 25 | $862.0M | $3.4B | ||
| Q2 25 | $875.5M | $3.3B | ||
| Q1 25 | $988.1M | $3.2B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | $1.2B | $2.9B |
总资产ACDCRGLD
| Q4 25 | $2.6B | $9.5B | ||
| Q3 25 | $2.7B | $4.5B | ||
| Q2 25 | $2.8B | $3.6B | ||
| Q1 25 | $3.0B | $3.5B | ||
| Q4 24 | $3.0B | $3.4B | ||
| Q3 24 | $3.1B | $3.3B | ||
| Q2 24 | $3.2B | $3.3B | ||
| Q1 24 | $3.0B | $3.3B |
负债/权益比ACDCRGLD
| Q4 25 | 1.16× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 0.90× | 0.00× | ||
| Q2 24 | 0.88× | 0.02× | ||
| Q1 24 | 0.74× | — |
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 | $49.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $12.9M | — |
| 自由现金流率自由现金流/营收 | 3.0% | — |
| 资本支出强度资本支出/营收 | 8.4% | — |
| 现金转化率经营现金流/净利润 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | $19.6M | — |
8季度趋势，按日历期对齐
经营现金流ACDCRGLD
| Q4 25 | $49.5M | $241.7M | ||
| Q3 25 | $900.0K | $174.0M | ||
| Q2 25 | $100.4M | $152.8M | ||
| Q1 25 | $38.7M | $136.4M | ||
| Q4 24 | $76.5M | $141.1M | ||
| Q3 24 | $98.2M | $136.7M | ||
| Q2 24 | $113.5M | $113.5M | ||
| Q1 24 | $79.1M | $138.3M |
自由现金流ACDCRGLD
| Q4 25 | $12.9M | — | ||
| Q3 25 | $-33.4M | — | ||
| Q2 25 | $53.9M | — | ||
| Q1 25 | $-13.8M | — | ||
| Q4 24 | $13.3M | — | ||
| Q3 24 | $28.2M | — | ||
| Q2 24 | $51.6M | — | ||
| Q1 24 | $19.2M | — |
自由现金流率ACDCRGLD
| Q4 25 | 3.0% | — | ||
| Q3 25 | -8.3% | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 4.9% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | 3.3% | — |
资本支出强度ACDCRGLD
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 8.7% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 12.2% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 10.3% | — |
现金转化率ACDCRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | 43.94× | 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
ACDC
| Services | $385.6M | 88% |
| Products | $50.9M | 12% |
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% |
