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APPFOLIO INC（APPF）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APPFOLIO INC的1.4倍（$375.3M vs $262.2M），ROYAL GOLD INC净利率更高（24.9% vs 16.2%，领先8.8%），ROYAL GOLD INC同比增速更快（85.3% vs 20.4%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 15.3%）
AppFolio Inc.是一家2006年成立的美国企业，专注服务房地产行业，为客户提供软件即服务（SaaS）类应用产品及相关配套服务，助力房地产相关经营主体优化管理流程、提升运营效率。
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。
APPF vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.4倍
$262.2M
营收增速更快
RGLD
高出64.8%
20.4%
净利率更高
RGLD
高出8.8%
16.2%
两年增速更快
RGLD
近两年复合增速
15.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $262.2M | $375.3M |
| 净利润 | $42.4M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 19.4% | 56.2% |
| 净利率 | 16.2% | 24.9% |
| 营收同比 | 20.4% | 85.3% |
| 净利润同比 | 35.2% | -12.8% |
| 每股收益（稀释后） | $1.18 | $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APPFRGLD
| Q1 26 | $262.2M | — | ||
| Q4 25 | $248.2M | $375.3M | ||
| Q3 25 | $249.4M | $252.1M | ||
| Q2 25 | $235.6M | $209.6M | ||
| Q1 25 | $217.7M | $193.4M | ||
| Q4 24 | $203.7M | $202.6M | ||
| Q3 24 | $205.7M | $193.8M | ||
| Q2 24 | $197.4M | $174.1M |
净利润APPFRGLD
| Q1 26 | $42.4M | — | ||
| Q4 25 | $39.9M | $93.6M | ||
| Q3 25 | $33.6M | $126.8M | ||
| Q2 25 | $36.0M | $132.3M | ||
| Q1 25 | $31.4M | $113.5M | ||
| Q4 24 | $102.7M | $107.4M | ||
| Q3 24 | $33.0M | $96.2M | ||
| Q2 24 | $29.7M | $81.2M |
毛利率APPFRGLD
| Q1 26 | — | — | ||
| 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% |
营业利润率APPFRGLD
| Q1 26 | 19.4% | — | ||
| Q4 25 | 17.6% | 56.2% | ||
| Q3 25 | 14.1% | 64.4% | ||
| Q2 25 | 17.2% | 67.7% | ||
| Q1 25 | 15.5% | 63.6% | ||
| Q4 24 | 11.3% | 65.9% | ||
| Q3 24 | 20.7% | 61.3% | ||
| Q2 24 | 18.3% | 58.6% |
净利率APPFRGLD
| Q1 26 | 16.2% | — | ||
| Q4 25 | 16.1% | 24.9% | ||
| Q3 25 | 13.5% | 50.3% | ||
| Q2 25 | 15.3% | 63.1% | ||
| Q1 25 | 14.4% | 58.7% | ||
| Q4 24 | 50.4% | 53.0% | ||
| Q3 24 | 16.0% | 49.7% | ||
| Q2 24 | 15.0% | 46.6% |
每股收益（稀释后）APPFRGLD
| Q1 26 | $1.18 | — | ||
| Q4 25 | $1.10 | $1.04 | ||
| Q3 25 | $0.93 | $1.92 | ||
| Q2 25 | $0.99 | $2.01 | ||
| Q1 25 | $0.86 | $1.72 | ||
| Q4 24 | $2.79 | $1.63 | ||
| Q3 24 | $0.90 | $1.46 | ||
| Q2 24 | $0.81 | $1.23 |
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 | $147.4M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $470.2M | $7.2B |
| 总资产 | $580.6M | $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APPFRGLD
| Q1 26 | $147.4M | — | ||
| Q4 25 | $107.0M | $233.7M | ||
| Q3 25 | $76.1M | $172.8M | ||
| Q2 25 | $73.5M | $248.2M | ||
| Q1 25 | $56.9M | $240.8M | ||
| Q4 24 | $42.5M | $195.5M | ||
| Q3 24 | $62.4M | $127.9M | ||
| Q2 24 | $59.6M | $74.2M |
总债务APPFRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益APPFRGLD
| Q1 26 | $470.2M | — | ||
| Q4 25 | $542.6M | $7.2B | ||
| Q3 25 | $498.9M | $3.4B | ||
| Q2 25 | $455.6M | $3.3B | ||
| Q1 25 | $462.1M | $3.2B | ||
| Q4 24 | $519.3M | $3.1B | ||
| Q3 24 | $412.8M | $3.0B | ||
| Q2 24 | $371.4M | $3.0B |
总资产APPFRGLD
| Q1 26 | $580.6M | — | ||
| Q4 25 | $689.0M | $9.5B | ||
| Q3 25 | $640.5M | $4.5B | ||
| Q2 25 | $567.4M | $3.6B | ||
| Q1 25 | $564.7M | $3.5B | ||
| Q4 24 | $626.7M | $3.4B | ||
| Q3 24 | $523.3M | $3.3B | ||
| Q2 24 | $479.3M | $3.3B |
负债/权益比APPFRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
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 | $34.3M | $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 | 0.81× | 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APPFRGLD
| Q1 26 | $34.3M | — | ||
| Q4 25 | $65.0M | $241.7M | ||
| Q3 25 | $86.0M | $174.0M | ||
| Q2 25 | $52.6M | $152.8M | ||
| Q1 25 | $38.5M | $136.4M | ||
| Q4 24 | $36.6M | $141.1M | ||
| Q3 24 | $57.8M | $136.7M | ||
| Q2 24 | $50.9M | $113.5M |
自由现金流APPFRGLD
| Q1 26 | — | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $84.7M | — | ||
| Q2 25 | $52.4M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $36.4M | — | ||
| Q3 24 | $57.4M | — | ||
| Q2 24 | $50.8M | — |
自由现金流率APPFRGLD
| Q1 26 | — | — | ||
| Q4 25 | 25.7% | — | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 22.2% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 17.9% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 25.8% | — |
资本支出强度APPFRGLD
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — |
现金转化率APPFRGLD
| Q1 26 | 0.81× | — | ||
| Q4 25 | 1.63× | 2.58× | ||
| Q3 25 | 2.56× | 1.37× | ||
| Q2 25 | 1.46× | 1.15× | ||
| Q1 25 | 1.23× | 1.20× | ||
| Q4 24 | 0.36× | 1.31× | ||
| Q3 24 | 1.75× | 1.42× | ||
| Q2 24 | 1.71× | 1.40× |
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
APPF
| Value Added Services | $201.4M | 77% |
| Subscription Services | $58.2M | 22% |
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% |
