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Arhaus, Inc.（ARHS）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Arhaus, Inc.的1.0倍（$375.3M vs $364.8M），ROYAL GOLD INC净利率更高（24.9% vs 4.1%，领先20.8%），ROYAL GOLD INC同比增速更快（85.3% vs 5.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 11.2%）
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
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。
ARHS vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.0倍
$364.8M
营收增速更快
RGLD
高出80.2%
5.1%
净利率更高
RGLD
高出20.8%
4.1%
两年增速更快
RGLD
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $375.3M |
| 净利润 | $15.1M | $93.6M |
| 毛利率 | 38.1% | 64.6% |
| 营业利润率 | 5.6% | 56.2% |
| 净利率 | 4.1% | 24.9% |
| 营收同比 | 5.1% | 85.3% |
| 净利润同比 | -29.1% | -12.8% |
| 每股收益（稀释后） | $0.11 | $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ARHSRGLD
| Q4 25 | $364.8M | $375.3M | ||
| Q3 25 | $344.6M | $252.1M | ||
| Q2 25 | $358.4M | $209.6M | ||
| Q1 25 | $311.4M | $193.4M | ||
| Q4 24 | $347.0M | $202.6M | ||
| Q3 24 | $319.1M | $193.8M | ||
| Q2 24 | $309.8M | $174.1M | ||
| Q1 24 | $295.2M | $148.9M |
净利润ARHSRGLD
| Q4 25 | $15.1M | $93.6M | ||
| Q3 25 | $12.2M | $126.8M | ||
| Q2 25 | $35.1M | $132.3M | ||
| Q1 25 | $4.9M | $113.5M | ||
| Q4 24 | $21.3M | $107.4M | ||
| Q3 24 | $9.9M | $96.2M | ||
| Q2 24 | $22.2M | $81.2M | ||
| Q1 24 | $15.1M | $47.2M |
毛利率ARHSRGLD
| Q4 25 | 38.1% | 64.6% | ||
| Q3 25 | 38.7% | 73.6% | ||
| Q2 25 | 41.4% | 72.6% | ||
| Q1 25 | 37.1% | 69.4% | ||
| Q4 24 | 40.0% | 70.3% | ||
| Q3 24 | 38.6% | 66.6% | ||
| Q2 24 | 40.1% | 64.7% | ||
| Q1 24 | 39.0% | 58.4% |
营业利润率ARHSRGLD
| Q4 25 | 5.6% | 56.2% | ||
| Q3 25 | 4.8% | 64.4% | ||
| Q2 25 | 13.0% | 67.7% | ||
| Q1 25 | 1.7% | 63.6% | ||
| Q4 24 | 8.2% | 65.9% | ||
| Q3 24 | 3.3% | 61.3% | ||
| Q2 24 | 9.5% | 58.6% | ||
| Q1 24 | 6.2% | 50.7% |
净利率ARHSRGLD
| Q4 25 | 4.1% | 24.9% | ||
| Q3 25 | 3.5% | 50.3% | ||
| Q2 25 | 9.8% | 63.1% | ||
| Q1 25 | 1.6% | 58.7% | ||
| Q4 24 | 6.1% | 53.0% | ||
| Q3 24 | 3.1% | 49.7% | ||
| Q2 24 | 7.2% | 46.6% | ||
| Q1 24 | 5.1% | 31.7% |
每股收益（稀释后）ARHSRGLD
| Q4 25 | $0.11 | $1.04 | ||
| Q3 25 | $0.09 | $1.92 | ||
| Q2 25 | $0.25 | $2.01 | ||
| Q1 25 | $0.03 | $1.72 | ||
| Q4 24 | $0.15 | $1.63 | ||
| Q3 24 | $0.07 | $1.46 | ||
| Q2 24 | $0.16 | $1.23 | ||
| Q1 24 | $0.11 | $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 | $253.4M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $418.2M | $7.2B |
| 总资产 | $1.4B | $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ARHSRGLD
| Q4 25 | $253.4M | $233.7M | ||
| Q3 25 | $262.2M | $172.8M | ||
| Q2 25 | $234.8M | $248.2M | ||
| Q1 25 | $214.4M | $240.8M | ||
| Q4 24 | $197.5M | $195.5M | ||
| Q3 24 | $177.7M | $127.9M | ||
| Q2 24 | $174.2M | $74.2M | ||
| Q1 24 | $233.2M | $137.9M |
总债务ARHSRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益ARHSRGLD
| Q4 25 | $418.2M | $7.2B | ||
| Q3 25 | $400.4M | $3.4B | ||
| Q2 25 | $385.6M | $3.3B | ||
| Q1 25 | $348.8M | $3.2B | ||
| Q4 24 | $343.7M | $3.1B | ||
| Q3 24 | $320.6M | $3.0B | ||
| Q2 24 | $309.3M | $3.0B | ||
| Q1 24 | $285.6M | $2.9B |
总资产ARHSRGLD
| Q4 25 | $1.4B | $9.5B | ||
| Q3 25 | $1.4B | $4.5B | ||
| Q2 25 | $1.3B | $3.6B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.2B | $3.4B | ||
| Q3 24 | $1.2B | $3.3B | ||
| Q2 24 | $1.2B | $3.3B | ||
| Q1 24 | $1.2B | $3.3B |
负债/权益比ARHSRGLD
| 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 | $9.3M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | — |
| 自由现金流率自由现金流/营收 | -2.4% | — |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 0.62× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $59.0M | — |
8季度趋势，按日历期对齐
经营现金流ARHSRGLD
| Q4 25 | $9.3M | $241.7M | ||
| Q3 25 | $46.1M | $174.0M | ||
| Q2 25 | $34.9M | $152.8M | ||
| Q1 25 | $46.5M | $136.4M | ||
| Q4 24 | $31.7M | $141.1M | ||
| Q3 24 | $31.1M | $136.7M | ||
| Q2 24 | $47.5M | $113.5M | ||
| Q1 24 | $36.8M | $138.3M |
自由现金流ARHSRGLD
| Q4 25 | $-8.8M | — | ||
| Q3 25 | $28.0M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $10.9M | — |
自由现金流率ARHSRGLD
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.7% | — |
资本支出强度ARHSRGLD
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 8.8% | — |
现金转化率ARHSRGLD
| Q4 25 | 0.62× | 2.58× | ||
| Q3 25 | 3.77× | 1.37× | ||
| Q2 25 | 1.00× | 1.15× | ||
| Q1 25 | 9.53× | 1.20× | ||
| Q4 24 | 1.49× | 1.31× | ||
| Q3 24 | 3.14× | 1.42× | ||
| Q2 24 | 2.14× | 1.40× | ||
| Q1 24 | 2.44× | 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
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
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% |
