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AvalonBay Communities（AVB）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
AvalonBay Communities的季度营收约是ROYAL GOLD INC的1.6倍（$767.9M vs $469.1M），AvalonBay Communities净利率更高（9040.6% vs 60.0%，领先8980.5%），ROYAL GOLD INC同比增速更快（142.6% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $278.9M），过去两年ROYAL GOLD INC的营收复合增速更高（64.2% vs 3.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
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。
AVB vs RGLD — 直观对比
营收规模更大
AVB
是对方的1.6倍
$469.1M
营收增速更快
RGLD
高出138.9%
3.7%
净利率更高
AVB
高出8980.5%
60.0%
自由现金流更多
AVB
多$1.1B
$278.9M
两年增速更快
RGLD
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $469.1M |
| 净利润 | $166.0M | $281.7M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | 63.3% |
| 净利率 | 9040.6% | 60.0% |
| 营收同比 | 3.7% | 142.6% |
| 净利润同比 | -41.2% | 147.7% |
| 每股收益（稀释后） | $1.18 | $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AVBRGLD
| Q1 26 | — | $469.1M | ||
| Q4 25 | $767.9M | $375.3M | ||
| Q3 25 | $766.8M | $252.1M | ||
| Q2 25 | $760.2M | $209.6M | ||
| Q1 25 | $745.9M | $193.4M | ||
| Q4 24 | $740.5M | $202.6M | ||
| Q3 24 | $734.3M | $193.8M | ||
| Q2 24 | $726.0M | $174.1M |
净利润AVBRGLD
| Q1 26 | — | $281.7M | ||
| Q4 25 | $166.0M | $93.6M | ||
| Q3 25 | $381.3M | $126.8M | ||
| Q2 25 | $268.7M | $132.3M | ||
| Q1 25 | $236.6M | $113.5M | ||
| Q4 24 | $282.1M | $107.4M | ||
| Q3 24 | $372.5M | $96.2M | ||
| Q2 24 | $253.9M | $81.2M |
毛利率AVBRGLD
| 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AVBRGLD
| Q1 26 | — | 63.3% | ||
| Q4 25 | 64.2% | 56.2% | ||
| Q3 25 | 65.7% | 64.4% | ||
| Q2 25 | 67.6% | 67.7% | ||
| Q1 25 | 68.5% | 63.6% | ||
| Q4 24 | 63.1% | 65.9% | ||
| Q3 24 | 65.4% | 61.3% | ||
| Q2 24 | 66.6% | 58.6% |
净利率AVBRGLD
| Q1 26 | — | 60.0% | ||
| Q4 25 | 9040.6% | 24.9% | ||
| Q3 25 | 49.7% | 50.3% | ||
| Q2 25 | 35.3% | 63.1% | ||
| Q1 25 | 31.7% | 58.7% | ||
| Q4 24 | 38.1% | 53.0% | ||
| Q3 24 | 50.7% | 49.7% | ||
| Q2 24 | 35.0% | 46.6% |
每股收益（稀释后）AVBRGLD
| Q1 26 | — | $3.30 | ||
| Q4 25 | $1.18 | $1.04 | ||
| Q3 25 | $2.68 | $1.92 | ||
| Q2 25 | $1.88 | $2.01 | ||
| Q1 25 | $1.66 | $1.72 | ||
| Q4 24 | $1.99 | $1.63 | ||
| Q3 24 | $2.61 | $1.46 | ||
| Q2 24 | $1.78 | $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 | $187.2M | $234.1M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $7.5B |
| 总资产 | $22.2B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBRGLD
| Q1 26 | — | $234.1M | ||
| Q4 25 | $187.2M | $233.7M | ||
| Q3 25 | $123.3M | $172.8M | ||
| Q2 25 | $102.8M | $248.2M | ||
| Q1 25 | $53.3M | $240.8M | ||
| Q4 24 | $108.6M | $195.5M | ||
| Q3 24 | $552.4M | $127.9M | ||
| Q2 24 | $545.8M | $74.2M |
总债务AVBRGLD
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | $0 | ||
| Q2 24 | $8.4B | $50.0M |
股东权益AVBRGLD
| Q1 26 | — | $7.5B | ||
| Q4 25 | $11.6B | $7.2B | ||
| Q3 25 | $11.9B | $3.4B | ||
| Q2 25 | $11.9B | $3.3B | ||
| Q1 25 | $11.9B | $3.2B | ||
| Q4 24 | $11.9B | $3.1B | ||
| Q3 24 | $11.9B | $3.0B | ||
| Q2 24 | $11.7B | $3.0B |
总资产AVBRGLD
| Q1 26 | — | $9.5B | ||
| Q4 25 | $22.2B | $9.5B | ||
| Q3 25 | $21.9B | $4.5B | ||
| Q2 25 | $21.8B | $3.6B | ||
| Q1 25 | $21.2B | $3.5B | ||
| Q4 24 | $21.0B | $3.4B | ||
| Q3 24 | $21.3B | $3.3B | ||
| Q2 24 | $21.0B | $3.3B |
负债/权益比AVBRGLD
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | 0.00× | ||
| Q2 24 | 0.71× | 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 | $1.7B | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $278.9M |
| 自由现金流率自由现金流/营收 | 183.5% | 59.4% |
| 资本支出强度资本支出/营收 | 34.1% | — |
| 现金转化率经营现金流/净利润 | 10.07× | 1.04× |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBRGLD
| Q1 26 | — | $293.6M | ||
| Q4 25 | $1.7B | $241.7M | ||
| Q3 25 | $477.0M | $174.0M | ||
| Q2 25 | $377.8M | $152.8M | ||
| Q1 25 | $415.9M | $136.4M | ||
| Q4 24 | $1.6B | $141.1M | ||
| Q3 24 | $486.2M | $136.7M | ||
| Q2 24 | $380.0M | $113.5M |
自由现金流AVBRGLD
| Q1 26 | — | $278.9M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — |
自由现金流率AVBRGLD
| Q1 26 | — | 59.4% | ||
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — |
资本支出强度AVBRGLD
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — |
现金转化率AVBRGLD
| Q1 26 | — | 1.04× | ||
| Q4 25 | 10.07× | 2.58× | ||
| Q3 25 | 1.25× | 1.37× | ||
| Q2 25 | 1.41× | 1.15× | ||
| Q1 25 | 1.76× | 1.20× | ||
| Q4 24 | 5.70× | 1.31× | ||
| Q3 24 | 1.31× | 1.42× | ||
| Q2 24 | 1.50× | 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
AVB
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% |
