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ARGAN INC（AGX）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
ROYAL GOLD INC的季度营收约是ARGAN INC的1.5倍（$375.3M vs $251.2M），ROYAL GOLD INC净利率更高（24.9% vs 12.2%，领先12.7%），ROYAL GOLD INC同比增速更快（85.3% vs -2.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 23.5%）
Argan Inc.是一家控股企业，主营工程设计、施工建设、项目管理及咨询服务，核心业务覆盖发电、电信、工业基建与可再生能源领域，主要服务北美地区的公营及私营部门客户。
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。
AGX vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.5倍
$251.2M
营收增速更快
RGLD
高出87.6%
-2.3%
净利率更高
RGLD
高出12.7%
12.2%
两年增速更快
RGLD
近两年复合增速
23.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $251.2M | $375.3M |
| 净利润 | $30.7M | $93.6M |
| 毛利率 | 18.7% | 64.6% |
| 营业利润率 | 13.0% | 56.2% |
| 净利率 | 12.2% | 24.9% |
| 营收同比 | -2.3% | 85.3% |
| 净利润同比 | 9.7% | -12.8% |
| 每股收益（稀释后） | $2.17 | $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AGXRGLD
| Q4 25 | $251.2M | $375.3M | ||
| Q3 25 | $237.7M | $252.1M | ||
| Q2 25 | $193.7M | $209.6M | ||
| Q1 25 | $232.5M | $193.4M | ||
| Q4 24 | $257.0M | $202.6M | ||
| Q3 24 | $227.0M | $193.8M | ||
| Q2 24 | $157.7M | $174.1M | ||
| Q1 24 | $164.6M | $148.9M |
净利润AGXRGLD
| Q4 25 | $30.7M | $93.6M | ||
| Q3 25 | $35.3M | $126.8M | ||
| Q2 25 | $22.6M | $132.3M | ||
| Q1 25 | $31.4M | $113.5M | ||
| Q4 24 | $28.0M | $107.4M | ||
| Q3 24 | $18.2M | $96.2M | ||
| Q2 24 | $7.9M | $81.2M | ||
| Q1 24 | $12.0M | $47.2M |
毛利率AGXRGLD
| Q4 25 | 18.7% | 64.6% | ||
| Q3 25 | 18.6% | 73.6% | ||
| Q2 25 | 19.0% | 72.6% | ||
| Q1 25 | 20.5% | 69.4% | ||
| Q4 24 | 17.2% | 70.3% | ||
| Q3 24 | 13.7% | 66.6% | ||
| Q2 24 | 11.4% | 64.7% | ||
| Q1 24 | 14.4% | 58.4% |
营业利润率AGXRGLD
| Q4 25 | 13.0% | 56.2% | ||
| Q3 25 | 12.6% | 64.4% | ||
| Q2 25 | 12.6% | 67.7% | ||
| Q1 25 | 14.1% | 63.6% | ||
| Q4 24 | 11.8% | 65.9% | ||
| Q3 24 | 8.2% | 61.3% | ||
| Q2 24 | 4.1% | 58.6% | ||
| Q1 24 | 7.1% | 50.7% |
净利率AGXRGLD
| Q4 25 | 12.2% | 24.9% | ||
| Q3 25 | 14.8% | 50.3% | ||
| Q2 25 | 11.6% | 63.1% | ||
| Q1 25 | 13.5% | 58.7% | ||
| Q4 24 | 10.9% | 53.0% | ||
| Q3 24 | 8.0% | 49.7% | ||
| Q2 24 | 5.0% | 46.6% | ||
| Q1 24 | 7.3% | 31.7% |
每股收益（稀释后）AGXRGLD
| Q4 25 | $2.17 | $1.04 | ||
| Q3 25 | $2.50 | $1.92 | ||
| Q2 25 | $1.60 | $2.01 | ||
| Q1 25 | $2.26 | $1.72 | ||
| Q4 24 | $2.00 | $1.63 | ||
| Q3 24 | $1.31 | $1.46 | ||
| Q2 24 | $0.58 | $1.23 | ||
| Q1 24 | $0.89 | $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 | $423.7M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $419.7M | $7.2B |
| 总资产 | $1.1B | $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AGXRGLD
| Q4 25 | $423.7M | $233.7M | ||
| Q3 25 | $275.5M | $172.8M | ||
| Q2 25 | $304.3M | $248.2M | ||
| Q1 25 | $298.4M | $240.8M | ||
| Q4 24 | $299.8M | $195.5M | ||
| Q3 24 | $302.0M | $127.9M | ||
| Q2 24 | $291.8M | $74.2M | ||
| Q1 24 | $306.5M | $137.9M |
总债务AGXRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益AGXRGLD
| Q4 25 | $419.7M | $7.2B | ||
| Q3 25 | $393.2M | $3.4B | ||
| Q2 25 | $363.9M | $3.3B | ||
| Q1 25 | $351.9M | $3.2B | ||
| Q4 24 | $328.7M | $3.1B | ||
| Q3 24 | $308.1M | $3.0B | ||
| Q2 24 | $293.2M | $3.0B | ||
| Q1 24 | $290.9M | $2.9B |
总资产AGXRGLD
| Q4 25 | $1.1B | $9.5B | ||
| Q3 25 | $882.7M | $4.5B | ||
| Q2 25 | $792.2M | $3.6B | ||
| Q1 25 | $836.2M | $3.5B | ||
| Q4 24 | $768.9M | $3.4B | ||
| Q3 24 | $726.6M | $3.3B | ||
| Q2 24 | $624.4M | $3.3B | ||
| Q1 24 | $598.2M | $3.3B |
负债/权益比AGXRGLD
| 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 | $172.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $171.9M | — |
| 自由现金流率自由现金流/营收 | 68.4% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 5.61× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $283.0M | — |
8季度趋势，按日历期对齐
经营现金流AGXRGLD
| Q4 25 | $172.5M | $241.7M | ||
| Q3 25 | $34.6M | $174.0M | ||
| Q2 25 | $35.3M | $152.8M | ||
| Q1 25 | $44.6M | $136.4M | ||
| Q4 24 | $31.8M | $141.1M | ||
| Q3 24 | $73.5M | $136.7M | ||
| Q2 24 | $17.7M | $113.5M | ||
| Q1 24 | $24.6M | $138.3M |
自由现金流AGXRGLD
| Q4 25 | $171.9M | — | ||
| Q3 25 | $32.9M | — | ||
| Q2 25 | $34.9M | — | ||
| Q1 25 | $43.3M | — | ||
| Q4 24 | $29.2M | — | ||
| Q3 24 | $71.1M | — | ||
| Q2 24 | $17.4M | — | ||
| Q1 24 | $24.0M | — |
自由现金流率AGXRGLD
| Q4 25 | 68.4% | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 18.0% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 31.3% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 14.6% | — |
资本支出强度AGXRGLD
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.4% | — |
现金转化率AGXRGLD
| Q4 25 | 5.61× | 2.58× | ||
| Q3 25 | 0.98× | 1.37× | ||
| Q2 25 | 1.57× | 1.15× | ||
| Q1 25 | 1.42× | 1.20× | ||
| Q4 24 | 1.13× | 1.31× | ||
| Q3 24 | 4.04× | 1.42× | ||
| Q2 24 | 2.24× | 1.40× | ||
| Q1 24 | 2.05× | 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
AGX
| Power Industry Services | $195.5M | 78% |
| Industrial Construction Services | $49.4M | 20% |
| Telecommunications Infrastructure Services | $6.3M | 3% |
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% |
