vs
亚朵集团（ATAT）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
亚朵集团的季度营收约是ROYAL GOLD INC的1.7倍（$789.6M vs $469.1M），ROYAL GOLD INC净利率更高（60.0% vs 17.6%，领先42.4%），亚朵集团同比增速更快（252.5% vs 142.6%），ROYAL GOLD INC自由现金流更多（$278.9M vs $210.7M）
亚朵生活控股是中国领先的文旅生活服务企业，主营中高端连锁酒店运营业务，面向商旅及休闲出行人群提供高品质住宿服务，同时配套布局生活文创零售、场景体验等多元业务，覆盖国内核心城市及部分海外市场。
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。
ATAT vs RGLD — 直观对比
营收规模更大
ATAT
是对方的1.7倍
$469.1M
营收增速更快
ATAT
高出110.0%
142.6%
净利率更高
RGLD
高出42.4%
17.6%
自由现金流更多
RGLD
多$68.2M
$210.7M
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $469.1M |
| 净利润 | $139.1M | $281.7M |
| 毛利率 | — | — |
| 营业利润率 | 22.5% | 63.3% |
| 净利率 | 17.6% | 60.0% |
| 营收同比 | 252.5% | 142.6% |
| 净利润同比 | 322.2% | 147.7% |
| 每股收益（稀释后） | $0.33 | $3.30 |
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ATATRGLD
| Q1 26 | — | $469.1M | ||
| Q4 25 | — | $375.3M | ||
| Q3 25 | $789.6M | $252.1M | ||
| Q2 25 | — | $209.6M | ||
| Q1 25 | — | $193.4M | ||
| Q4 24 | — | $202.6M | ||
| Q3 24 | $224.0M | $193.8M | ||
| Q2 24 | — | $174.1M |
净利润ATATRGLD
| Q1 26 | — | $281.7M | ||
| Q4 25 | — | $93.6M | ||
| Q3 25 | $139.1M | $126.8M | ||
| Q2 25 | — | $132.3M | ||
| Q1 25 | — | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $33.0M | $96.2M | ||
| Q2 24 | — | $81.2M |
毛利率ATATRGLD
| 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ATATRGLD
| Q1 26 | — | 63.3% | ||
| Q4 25 | — | 56.2% | ||
| Q3 25 | 22.5% | 64.4% | ||
| Q2 25 | — | 67.7% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 14.7% | 61.3% | ||
| Q2 24 | — | 58.6% |
净利率ATATRGLD
| Q1 26 | — | 60.0% | ||
| Q4 25 | — | 24.9% | ||
| Q3 25 | 17.6% | 50.3% | ||
| Q2 25 | — | 63.1% | ||
| Q1 25 | — | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | 14.7% | 49.7% | ||
| Q2 24 | — | 46.6% |
每股收益（稀释后）ATATRGLD
| Q1 26 | — | $3.30 | ||
| Q4 25 | — | $1.04 | ||
| Q3 25 | $0.33 | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | $0.08 | $1.46 | ||
| Q2 24 | — | $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 | $669.2M | $234.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.0M | $7.5B |
| 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ATATRGLD
| Q1 26 | — | $234.1M | ||
| Q4 25 | — | $233.7M | ||
| Q3 25 | $669.2M | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | $506.0M | $127.9M | ||
| Q2 24 | — | $74.2M |
总债务ATATRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益ATATRGLD
| Q1 26 | — | $7.5B | ||
| Q4 25 | — | $7.2B | ||
| Q3 25 | $405.0M | $3.4B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $291.3M | $3.0B | ||
| Q2 24 | — | $3.0B |
总资产ATATRGLD
| Q1 26 | — | $9.5B | ||
| Q4 25 | — | $9.5B | ||
| Q3 25 | $1.1B | $4.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $927.8M | $3.3B | ||
| Q2 24 | — | $3.3B |
负债/权益比ATATRGLD
| 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 | $216.6M | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $278.9M |
| 自由现金流率自由现金流/营收 | 26.7% | 59.4% |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 1.56× | 1.04× |
| 过去12个月自由现金流最近4个季度 | $359.6M | — |
8季度趋势，按日历期对齐
经营现金流ATATRGLD
| Q1 26 | — | $293.6M | ||
| Q4 25 | — | $241.7M | ||
| Q3 25 | $216.6M | $174.0M | ||
| Q2 25 | — | $152.8M | ||
| Q1 25 | — | $136.4M | ||
| Q4 24 | — | $141.1M | ||
| Q3 24 | $84.8M | $136.7M | ||
| Q2 24 | — | $113.5M |
自由现金流ATATRGLD
| Q1 26 | — | $278.9M | ||
| Q4 25 | — | — | ||
| Q3 25 | $210.7M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $83.3M | — | ||
| Q2 24 | — | — |
自由现金流率ATATRGLD
| Q1 26 | — | 59.4% | ||
| Q4 25 | — | — | ||
| Q3 25 | 26.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 37.2% | — | ||
| Q2 24 | — | — |
资本支出强度ATATRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — |
现金转化率ATATRGLD
| Q1 26 | — | 1.04× | ||
| Q4 25 | — | 2.58× | ||
| Q3 25 | 1.56× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 2.57× | 1.42× | ||
| Q2 24 | — | 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
ATAT
暂无分部数据
RGLD
| North America | $258.0M | 55% |
| South and Central America | $110.2M | 23% |
| Europe, Middle East, Africa (EMEA) | $84.8M | 18% |
| Australia Pacific | $16.1M | 3% |
