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AMC Networks Inc.（AMCX）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
AMC Networks Inc.的季度营收约是ROYAL GOLD INC的1.6倍（$594.8M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -9.3%，领先34.3%），ROYAL GOLD INC同比增速更快（85.3% vs -0.8%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -0.1%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
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。
AMCX vs RGLD — 直观对比
营收规模更大
AMCX
是对方的1.6倍
$375.3M
营收增速更快
RGLD
高出86.0%
-0.8%
净利率更高
RGLD
高出34.3%
-9.3%
两年增速更快
RGLD
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $375.3M |
| 净利润 | $-55.5M | $93.6M |
| 毛利率 | 49.7% | 64.6% |
| 营业利润率 | -8.6% | 56.2% |
| 净利率 | -9.3% | 24.9% |
| 营收同比 | -0.8% | 85.3% |
| 净利润同比 | 80.5% | -12.8% |
| 每股收益（稀释后） | $-0.97 | $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AMCXRGLD
| Q4 25 | $594.8M | $375.3M | ||
| Q3 25 | $561.7M | $252.1M | ||
| Q2 25 | $600.0M | $209.6M | ||
| Q1 25 | $555.2M | $193.4M | ||
| Q4 24 | $599.3M | $202.6M | ||
| Q3 24 | $599.6M | $193.8M | ||
| Q2 24 | $625.9M | $174.1M | ||
| Q1 24 | $596.5M | $148.9M |
净利润AMCXRGLD
| Q4 25 | $-55.5M | $93.6M | ||
| Q3 25 | $76.5M | $126.8M | ||
| Q2 25 | $50.3M | $132.3M | ||
| Q1 25 | $18.0M | $113.5M | ||
| Q4 24 | $-284.5M | $107.4M | ||
| Q3 24 | $41.4M | $96.2M | ||
| Q2 24 | $-29.2M | $81.2M | ||
| Q1 24 | $45.8M | $47.2M |
毛利率AMCXRGLD
| Q4 25 | 49.7% | 64.6% | ||
| Q3 25 | 48.2% | 73.6% | ||
| Q2 25 | 52.7% | 72.6% | ||
| Q1 25 | 51.8% | 69.4% | ||
| Q4 24 | 51.2% | 70.3% | ||
| Q3 24 | 52.0% | 66.6% | ||
| Q2 24 | 55.2% | 64.7% | ||
| Q1 24 | 54.5% | 58.4% |
营业利润率AMCXRGLD
| Q4 25 | -8.6% | 56.2% | ||
| Q3 25 | 9.9% | 64.4% | ||
| Q2 25 | 10.7% | 67.7% | ||
| Q1 25 | 11.6% | 63.6% | ||
| Q4 24 | -42.4% | 65.9% | ||
| Q3 24 | 15.6% | 61.3% | ||
| Q2 24 | 1.7% | 58.6% | ||
| Q1 24 | 18.5% | 50.7% |
净利率AMCXRGLD
| Q4 25 | -9.3% | 24.9% | ||
| Q3 25 | 13.6% | 50.3% | ||
| Q2 25 | 8.4% | 63.1% | ||
| Q1 25 | 3.3% | 58.7% | ||
| Q4 24 | -47.5% | 53.0% | ||
| Q3 24 | 6.9% | 49.7% | ||
| Q2 24 | -4.7% | 46.6% | ||
| Q1 24 | 7.7% | 31.7% |
每股收益（稀释后）AMCXRGLD
| Q4 25 | $-0.97 | $1.04 | ||
| Q3 25 | $1.38 | $1.92 | ||
| Q2 25 | $0.91 | $2.01 | ||
| Q1 25 | $0.34 | $1.72 | ||
| Q4 24 | $-6.23 | $1.63 | ||
| Q3 24 | $0.76 | $1.46 | ||
| Q2 24 | $-0.66 | $1.23 | ||
| Q1 24 | $1.03 | $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 | $502.4M | $233.7M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $981.9M | $7.2B |
| 总资产 | $3.9B | $9.5B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCXRGLD
| Q4 25 | $502.4M | $233.7M | ||
| Q3 25 | $716.8M | $172.8M | ||
| Q2 25 | $866.4M | $248.2M | ||
| Q1 25 | $870.2M | $240.8M | ||
| Q4 24 | $784.6M | $195.5M | ||
| Q3 24 | $816.4M | $127.9M | ||
| Q2 24 | $802.6M | $74.2M | ||
| Q1 24 | $690.5M | $137.9M |
总债务AMCXRGLD
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | $0 | ||
| Q2 24 | $2.4B | $50.0M | ||
| Q1 24 | $2.3B | — |
股东权益AMCXRGLD
| Q4 25 | $981.9M | $7.2B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $971.7M | $3.3B | ||
| Q1 25 | $888.8M | $3.2B | ||
| Q4 24 | $855.6M | $3.1B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | $1.1B | $2.9B |
总资产AMCXRGLD
| Q4 25 | $3.9B | $9.5B | ||
| Q3 25 | $4.2B | $4.5B | ||
| Q2 25 | $4.4B | $3.6B | ||
| Q1 25 | $4.3B | $3.5B | ||
| Q4 24 | $4.4B | $3.4B | ||
| Q3 24 | $4.8B | $3.3B | ||
| Q2 24 | $4.9B | $3.3B | ||
| Q1 24 | $4.9B | $3.3B |
负债/权益比AMCXRGLD
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.73× | — | ||
| Q3 24 | 2.10× | 0.00× | ||
| Q2 24 | 2.26× | 0.02× | ||
| Q1 24 | 2.17× | — |
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 | $49.2M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | — |
| 自由现金流率自由现金流/营收 | 6.8% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 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 | $272.4M | — |
8季度趋势，按日历期对齐
经营现金流AMCXRGLD
| Q4 25 | $49.2M | $241.7M | ||
| Q3 25 | $44.8M | $174.0M | ||
| Q2 25 | $102.8M | $152.8M | ||
| Q1 25 | $108.8M | $136.4M | ||
| Q4 24 | $58.1M | $141.1M | ||
| Q3 24 | $62.2M | $136.7M | ||
| Q2 24 | $104.4M | $113.5M | ||
| Q1 24 | $150.9M | $138.3M |
自由现金流AMCXRGLD
| Q4 25 | $40.4M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $95.7M | — | ||
| Q1 25 | $94.2M | — | ||
| Q4 24 | $37.6M | — | ||
| Q3 24 | $53.9M | — | ||
| Q2 24 | $95.2M | — | ||
| Q1 24 | $144.1M | — |
自由现金流率AMCXRGLD
| Q4 25 | 6.8% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 16.0% | — | ||
| Q1 25 | 17.0% | — | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 15.2% | — | ||
| Q1 24 | 24.2% | — |
资本支出强度AMCXRGLD
| Q4 25 | 1.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.1% | — |
现金转化率AMCXRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 0.59× | 1.37× | ||
| Q2 25 | 2.04× | 1.15× | ||
| Q1 25 | 6.03× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 1.50× | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | 3.29× | 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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
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% |
