vs
Aebi Schmidt Holding AG（AEBI）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
Aebi Schmidt Holding AG的季度营收约是ROYAL GOLD INC的1.4倍（$528.4M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 1.7%，领先23.3%）
埃比施密特集团是一家源自瑞士的跨国企业，主营农业机械、重型工程设备以及市政作业设备的生产制造，产品涵盖运输车、通用作业底盘、扫路车、拖拉机、割草机等，主要应用于市政道路养护等作业场景。
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。
AEBI vs RGLD — 直观对比
营收规模更大
AEBI
是对方的1.4倍
$375.3M
净利率更高
RGLD
高出23.3%
1.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $528.4M | $375.3M |
| 净利润 | $8.8M | $93.6M |
| 毛利率 | 18.9% | 64.6% |
| 营业利润率 | 5.2% | 56.2% |
| 净利率 | 1.7% | 24.9% |
| 营收同比 | — | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $-0.18 | $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AEBIRGLD
| Q4 25 | $528.4M | $375.3M | ||
| Q3 25 | $471.3M | $252.1M | ||
| Q2 25 | $277.7M | $209.6M | ||
| Q1 25 | $249.2M | $193.4M | ||
| Q4 24 | — | $202.6M | ||
| Q3 24 | — | $193.8M | ||
| Q2 24 | — | $174.1M | ||
| Q1 24 | — | $148.9M |
净利润AEBIRGLD
| Q4 25 | $8.8M | $93.6M | ||
| Q3 25 | $1.2M | $126.8M | ||
| Q2 25 | $-2.3M | $132.3M | ||
| Q1 25 | $2.1M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | — | $96.2M | ||
| Q2 24 | — | $81.2M | ||
| Q1 24 | — | $47.2M |
毛利率AEBIRGLD
| Q4 25 | 18.9% | 64.6% | ||
| Q3 25 | 20.0% | 73.6% | ||
| Q2 25 | 20.5% | 72.6% | ||
| Q1 25 | 21.4% | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率AEBIRGLD
| Q4 25 | 5.2% | 56.2% | ||
| Q3 25 | 3.7% | 64.4% | ||
| Q2 25 | 5.0% | 67.7% | ||
| Q1 25 | 5.8% | 63.6% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 61.3% | ||
| Q2 24 | — | 58.6% | ||
| Q1 24 | — | 50.7% |
净利率AEBIRGLD
| Q4 25 | 1.7% | 24.9% | ||
| Q3 25 | 0.3% | 50.3% | ||
| Q2 25 | -0.8% | 63.1% | ||
| Q1 25 | 0.8% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | — | 49.7% | ||
| Q2 24 | — | 46.6% | ||
| Q1 24 | — | 31.7% |
每股收益（稀释后）AEBIRGLD
| Q4 25 | $-0.18 | $1.04 | ||
| Q3 25 | $0.02 | $1.92 | ||
| Q2 25 | $-0.06 | $2.01 | ||
| Q1 25 | $0.39 | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.23 | ||
| Q1 24 | — | $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 | $98.5M | $233.7M |
| 总债务越低越好 | $595.0M | — |
| 股东权益账面价值 | $814.9M | $7.2B |
| 总资产 | $2.0B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资AEBIRGLD
| Q4 25 | $98.5M | $233.7M | ||
| Q3 25 | $126.0M | $172.8M | ||
| Q2 25 | $63.6M | $248.2M | ||
| Q1 25 | $47.8M | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | — | $127.9M | ||
| Q2 24 | — | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务AEBIRGLD
| Q4 25 | $595.0M | — | ||
| Q3 25 | $628.4M | — | ||
| Q2 25 | $441.0M | — | ||
| Q1 25 | $402.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益AEBIRGLD
| Q4 25 | $814.9M | $7.2B | ||
| Q3 25 | $812.2M | $3.4B | ||
| Q2 25 | $359.1M | $3.3B | ||
| Q1 25 | $371.3M | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $2.9B |
总资产AEBIRGLD
| Q4 25 | $2.0B | $9.5B | ||
| Q3 25 | $2.1B | $4.5B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
负债/权益比AEBIRGLD
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.08× | — | ||
| 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 | $33.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $29.7M | — |
| 自由现金流率自由现金流/营收 | 5.6% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | 3.82× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-5.2M | — |
8季度趋势，按日历期对齐
经营现金流AEBIRGLD
| Q4 25 | $33.5M | $241.7M | ||
| Q3 25 | $-3.3M | $174.0M | ||
| Q2 25 | $5.3M | $152.8M | ||
| Q1 25 | $-26.6M | $136.4M | ||
| Q4 24 | — | $141.1M | ||
| Q3 24 | — | $136.7M | ||
| Q2 24 | — | $113.5M | ||
| Q1 24 | — | $138.3M |
自由现金流AEBIRGLD
| Q4 25 | $29.7M | — | ||
| Q3 25 | $-8.6M | — | ||
| Q2 25 | $3.3M | — | ||
| Q1 25 | $-29.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率AEBIRGLD
| Q4 25 | 5.6% | — | ||
| Q3 25 | -1.8% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | -11.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度AEBIRGLD
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率AEBIRGLD
| Q4 25 | 3.82× | 2.58× | ||
| Q3 25 | -2.77× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | -12.80× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 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
AEBI
| Transferred At Point In Time | $281.5M | 53% |
| Transferred Over Time | $246.9M | 47% |
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% |
