vs
亚什兰（ASH）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
亚什兰的季度营收约是ROYAL GOLD INC的1.0倍（$386.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -3.1%，领先28.0%），ROYAL GOLD INC同比增速更快（85.3% vs -4.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -18.1%）
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
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。
ASH vs RGLD — 直观对比
营收规模更大
ASH
是对方的1.0倍
$375.3M
营收增速更快
RGLD
高出90.0%
-4.7%
净利率更高
RGLD
高出28.0%
-3.1%
两年增速更快
RGLD
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $375.3M |
| 净利润 | $-12.0M | $93.6M |
| 毛利率 | 27.2% | 64.6% |
| 营业利润率 | -1.6% | 56.2% |
| 净利率 | -3.1% | 24.9% |
| 营收同比 | -4.7% | 85.3% |
| 净利润同比 | 92.7% | -12.8% |
| 每股收益（稀释后） | $-0.26 | $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ASHRGLD
| Q4 25 | $386.0M | $375.3M | ||
| Q3 25 | $477.0M | $252.1M | ||
| Q2 25 | $463.0M | $209.6M | ||
| Q1 25 | $479.0M | $193.4M | ||
| Q4 24 | $405.0M | $202.6M | ||
| Q3 24 | $521.0M | $193.8M | ||
| Q2 24 | $544.0M | $174.1M | ||
| Q1 24 | $575.0M | $148.9M |
净利润ASHRGLD
| Q4 25 | $-12.0M | $93.6M | ||
| Q3 25 | $31.0M | $126.8M | ||
| Q2 25 | $-742.0M | $132.3M | ||
| Q1 25 | $31.0M | $113.5M | ||
| Q4 24 | $-165.0M | $107.4M | ||
| Q3 24 | $17.0M | $96.2M | ||
| Q2 24 | $6.0M | $81.2M | ||
| Q1 24 | $120.0M | $47.2M |
毛利率ASHRGLD
| Q4 25 | 27.2% | 64.6% | ||
| Q3 25 | 33.3% | 73.6% | ||
| Q2 25 | 28.5% | 72.6% | ||
| Q1 25 | 30.7% | 69.4% | ||
| Q4 24 | 27.4% | 70.3% | ||
| Q3 24 | 33.2% | 66.6% | ||
| Q2 24 | 34.2% | 64.7% | ||
| Q1 24 | 28.0% | 58.4% |
营业利润率ASHRGLD
| Q4 25 | -1.6% | 56.2% | ||
| Q3 25 | 12.8% | 64.4% | ||
| Q2 25 | -152.9% | 67.7% | ||
| Q1 25 | 10.6% | 63.6% | ||
| Q4 24 | -44.2% | 65.9% | ||
| Q3 24 | 6.1% | 61.3% | ||
| Q2 24 | -11.2% | 58.6% | ||
| Q1 24 | 3.7% | 50.7% |
净利率ASHRGLD
| Q4 25 | -3.1% | 24.9% | ||
| Q3 25 | 6.5% | 50.3% | ||
| Q2 25 | -160.3% | 63.1% | ||
| Q1 25 | 6.5% | 58.7% | ||
| Q4 24 | -40.7% | 53.0% | ||
| Q3 24 | 3.3% | 49.7% | ||
| Q2 24 | 1.1% | 46.6% | ||
| Q1 24 | 20.9% | 31.7% |
每股收益（稀释后）ASHRGLD
| Q4 25 | $-0.26 | $1.04 | ||
| Q3 25 | $0.83 | $1.92 | ||
| Q2 25 | $-16.21 | $2.01 | ||
| Q1 25 | $0.65 | $1.72 | ||
| Q4 24 | $-3.50 | $1.63 | ||
| Q3 24 | $0.34 | $1.46 | ||
| Q2 24 | $0.12 | $1.23 | ||
| Q1 24 | $2.39 | $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 | $304.0M | $233.7M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $7.2B |
| 总资产 | $4.5B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资ASHRGLD
| Q4 25 | $304.0M | $233.7M | ||
| Q3 25 | $215.0M | $172.8M | ||
| Q2 25 | $207.0M | $248.2M | ||
| Q1 25 | $168.0M | $240.8M | ||
| Q4 24 | $219.0M | $195.5M | ||
| Q3 24 | $300.0M | $127.9M | ||
| Q2 24 | $399.0M | $74.2M | ||
| Q1 24 | $439.0M | $137.9M |
总债务ASHRGLD
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | $0 | ||
| Q2 24 | $1.3B | $50.0M | ||
| Q1 24 | $1.3B | — |
股东权益ASHRGLD
| Q4 25 | $1.9B | $7.2B | ||
| Q3 25 | $1.9B | $3.4B | ||
| Q2 25 | $1.9B | $3.3B | ||
| Q1 25 | $2.6B | $3.2B | ||
| Q4 24 | $2.6B | $3.1B | ||
| Q3 24 | $2.9B | $3.0B | ||
| Q2 24 | $3.0B | $3.0B | ||
| Q1 24 | $3.1B | $2.9B |
总资产ASHRGLD
| Q4 25 | $4.5B | $9.5B | ||
| Q3 25 | $4.6B | $4.5B | ||
| Q2 25 | $4.6B | $3.6B | ||
| Q1 25 | $5.2B | $3.5B | ||
| Q4 24 | $5.2B | $3.4B | ||
| Q3 24 | $5.6B | $3.3B | ||
| Q2 24 | $5.7B | $3.3B | ||
| Q1 24 | $5.9B | $3.3B |
负债/权益比ASHRGLD
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | 0.00× | ||
| Q2 24 | 0.45× | 0.02× | ||
| Q1 24 | 0.42× | — |
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 | $125.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 资本支出强度资本支出/营收 | 3.6% | — |
| 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 | $200.0M | — |
8季度趋势，按日历期对齐
经营现金流ASHRGLD
| Q4 25 | $125.0M | $241.7M | ||
| Q3 25 | $40.0M | $174.0M | ||
| Q2 25 | $115.0M | $152.8M | ||
| Q1 25 | $9.0M | $136.4M | ||
| Q4 24 | $-30.0M | $141.1M | ||
| Q3 24 | $80.0M | $136.7M | ||
| Q2 24 | $127.0M | $113.5M | ||
| Q1 24 | $54.0M | $138.3M |
自由现金流ASHRGLD
| Q4 25 | $111.0M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | $-53.0M | — | ||
| Q3 24 | $42.0M | — | ||
| Q2 24 | $98.0M | — | ||
| Q1 24 | $20.0M | — |
自由现金流率ASHRGLD
| Q4 25 | 28.8% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 20.5% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | -13.1% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 3.5% | — |
资本支出强度ASHRGLD
| Q4 25 | 3.6% | — | ||
| Q3 25 | 7.1% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 5.3% | — | ||
| Q1 24 | 5.9% | — |
现金转化率ASHRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 1.29× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 0.29× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 4.71× | 1.42× | ||
| Q2 24 | 21.17× | 1.40× | ||
| Q1 24 | 0.45× | 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
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
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% |
