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AeroVironment Inc（AVAV）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
AeroVironment Inc的季度营收约是ROYAL GOLD INC的1.3倍（$472.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -3.6%，领先28.6%），AeroVironment Inc同比增速更快（181.9% vs 85.3%），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 58.8%）
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
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。
AVAV vs RGLD — 直观对比
营收规模更大
AVAV
是对方的1.3倍
$375.3M
营收增速更快
AVAV
高出96.6%
85.3%
净利率更高
RGLD
高出28.6%
-3.6%
两年增速更快
AVAV
近两年复合增速
58.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $472.5M | $375.3M |
| 净利润 | $-17.1M | $93.6M |
| 毛利率 | 22.0% | 64.6% |
| 营业利润率 | -6.4% | 56.2% |
| 净利率 | -3.6% | 24.9% |
| 营收同比 | 181.9% | 85.3% |
| 净利润同比 | -875.1% | -12.8% |
| 每股收益（稀释后） | $-0.34 | $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AVAVRGLD
| Q4 25 | $472.5M | $375.3M | ||
| Q3 25 | $454.7M | $252.1M | ||
| Q2 25 | $275.1M | $209.6M | ||
| Q1 25 | $167.6M | $193.4M | ||
| Q4 24 | $188.5M | $202.6M | ||
| Q3 24 | $189.5M | $193.8M | ||
| Q2 24 | $197.0M | $174.1M | ||
| Q1 24 | $186.6M | $148.9M |
净利润AVAVRGLD
| Q4 25 | $-17.1M | $93.6M | ||
| Q3 25 | $-67.4M | $126.8M | ||
| Q2 25 | $16.7M | $132.3M | ||
| Q1 25 | $-1.8M | $113.5M | ||
| Q4 24 | $7.5M | $107.4M | ||
| Q3 24 | $21.2M | $96.2M | ||
| Q2 24 | $6.0M | $81.2M | ||
| Q1 24 | $13.9M | $47.2M |
毛利率AVAVRGLD
| Q4 25 | 22.0% | 64.6% | ||
| Q3 25 | 20.9% | 73.6% | ||
| Q2 25 | 36.5% | 72.6% | ||
| Q1 25 | 37.7% | 69.4% | ||
| Q4 24 | 39.1% | 70.3% | ||
| Q3 24 | 43.0% | 66.6% | ||
| Q2 24 | 38.4% | 64.7% | ||
| Q1 24 | 36.1% | 58.4% |
营业利润率AVAVRGLD
| Q4 25 | -6.4% | 56.2% | ||
| Q3 25 | -15.2% | 64.4% | ||
| Q2 25 | 5.0% | 67.7% | ||
| Q1 25 | -1.8% | 63.6% | ||
| Q4 24 | 3.7% | 65.9% | ||
| Q3 24 | 12.2% | 61.3% | ||
| Q2 24 | 3.0% | 58.6% | ||
| Q1 24 | 7.7% | 50.7% |
净利率AVAVRGLD
| Q4 25 | -3.6% | 24.9% | ||
| Q3 25 | -14.8% | 50.3% | ||
| Q2 25 | 6.1% | 63.1% | ||
| Q1 25 | -1.0% | 58.7% | ||
| Q4 24 | 4.0% | 53.0% | ||
| Q3 24 | 11.2% | 49.7% | ||
| Q2 24 | 3.1% | 46.6% | ||
| Q1 24 | 7.4% | 31.7% |
每股收益（稀释后）AVAVRGLD
| Q4 25 | $-0.34 | $1.04 | ||
| Q3 25 | $-1.44 | $1.92 | ||
| Q2 25 | $0.59 | $2.01 | ||
| Q1 25 | $-0.06 | $1.72 | ||
| Q4 24 | $0.27 | $1.63 | ||
| Q3 24 | $0.75 | $1.46 | ||
| Q2 24 | $0.18 | $1.23 | ||
| Q1 24 | $0.50 | $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 | $588.5M | $233.7M |
| 总债务越低越好 | $747.5M | — |
| 股东权益账面价值 | $4.4B | $7.2B |
| 总资产 | $5.6B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.17× | — |
8季度趋势，按日历期对齐
现金及短期投资AVAVRGLD
| Q4 25 | $588.5M | $233.7M | ||
| Q3 25 | $685.8M | $172.8M | ||
| Q2 25 | $40.9M | $248.2M | ||
| Q1 25 | $47.0M | $240.8M | ||
| Q4 24 | $69.0M | $195.5M | ||
| Q3 24 | $81.2M | $127.9M | ||
| Q2 24 | $73.3M | $74.2M | ||
| Q1 24 | $107.7M | $137.9M |
总债务AVAVRGLD
| Q4 25 | $747.5M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | $25.0M | — | ||
| Q4 24 | $15.0M | — | ||
| Q3 24 | $17.5M | $0 | ||
| Q2 24 | $28.0M | $50.0M | ||
| Q1 24 | $40.0M | — |
股东权益AVAVRGLD
| Q4 25 | $4.4B | $7.2B | ||
| Q3 25 | $4.4B | $3.4B | ||
| Q2 25 | $886.5M | $3.3B | ||
| Q1 25 | $861.1M | $3.2B | ||
| Q4 24 | $858.4M | $3.1B | ||
| Q3 24 | $845.5M | $3.0B | ||
| Q2 24 | $822.7M | $3.0B | ||
| Q1 24 | $813.0M | $2.9B |
总资产AVAVRGLD
| Q4 25 | $5.6B | $9.5B | ||
| Q3 25 | $5.6B | $4.5B | ||
| Q2 25 | $1.1B | $3.6B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $999.2M | $3.3B | ||
| Q2 24 | $1.0B | $3.3B | ||
| Q1 24 | $980.3M | $3.3B |
负债/权益比AVAVRGLD
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.02× | 0.00× | ||
| Q2 24 | 0.03× | 0.02× | ||
| Q1 24 | 0.05× | — |
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 | $-45.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.9M | — |
| 自由现金流率自由现金流/营收 | -11.8% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 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 | $-240.7M | — |
8季度趋势，按日历期对齐
经营现金流AVAVRGLD
| Q4 25 | $-45.1M | $241.7M | ||
| Q3 25 | $-123.7M | $174.0M | ||
| Q2 25 | $-264.0K | $152.8M | ||
| Q1 25 | $-25.8M | $136.4M | ||
| Q4 24 | $-3.6M | $141.1M | ||
| Q3 24 | $28.4M | $136.7M | ||
| Q2 24 | $-11.7M | $113.5M | ||
| Q1 24 | $52.6M | $138.3M |
自由现金流AVAVRGLD
| Q4 25 | $-55.9M | — | ||
| Q3 25 | $-146.5M | — | ||
| Q2 25 | $-8.8M | — | ||
| Q1 25 | $-29.6M | — | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $22.9M | — | ||
| Q2 24 | $-20.8M | — | ||
| Q1 24 | $48.8M | — |
自由现金流率AVAVRGLD
| Q4 25 | -11.8% | — | ||
| Q3 25 | -32.2% | — | ||
| Q2 25 | -3.2% | — | ||
| Q1 25 | -17.7% | — | ||
| Q4 24 | -4.6% | — | ||
| Q3 24 | 12.1% | — | ||
| Q2 24 | -10.5% | — | ||
| Q1 24 | 26.1% | — |
资本支出强度AVAVRGLD
| Q4 25 | 2.3% | — | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 2.0% | — |
现金转化率AVAVRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | -0.02× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | -0.48× | 1.31× | ||
| Q3 24 | 1.34× | 1.42× | ||
| Q2 24 | -1.93× | 1.40× | ||
| Q1 24 | 3.79× | 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
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
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% |
