vs
Bally's Corp（BALY）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
Bally's Corp的季度营收约是ROYAL GOLD INC的2.0倍（$746.2M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -47.3%，领先72.3%），ROYAL GOLD INC同比增速更快（85.3% vs 28.6%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 9.8%）
巴利公司是总部位于美国罗德岛州普罗维登斯的博彩、体育投注与互动娱乐企业。目前该公司在美国11个州运营19家赌场，在科罗拉多州拥有一座赛马场，在纽约州拥有一座高尔夫球场，同时在全美14个州开展线上体育投注业务，还通过子公司在澳大利亚两个州运营两处产业。
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。
BALY vs RGLD — 直观对比
营收规模更大
BALY
是对方的2.0倍
$375.3M
营收增速更快
RGLD
高出56.7%
28.6%
净利率更高
RGLD
高出72.3%
-47.3%
两年增速更快
RGLD
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $746.2M | $375.3M |
| 净利润 | $-353.2M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | -36.8% | 56.2% |
| 净利率 | -47.3% | 24.9% |
| 营收同比 | 28.6% | 85.3% |
| 净利润同比 | -311.8% | -12.8% |
| 每股收益（稀释后） | $-5.84 | $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BALYRGLD
| Q4 25 | $746.2M | $375.3M | ||
| Q3 25 | $663.7M | $252.1M | ||
| Q2 25 | $657.5M | $209.6M | ||
| Q1 25 | $368.7M | $193.4M | ||
| Q4 24 | $580.4M | $202.6M | ||
| Q3 24 | $630.0M | $193.8M | ||
| Q2 24 | $621.7M | $174.1M | ||
| Q1 24 | $618.5M | $148.9M |
净利润BALYRGLD
| Q4 25 | $-353.2M | $93.6M | ||
| Q3 25 | $-102.9M | $126.8M | ||
| Q2 25 | $-228.4M | $132.3M | ||
| Q1 25 | $34.5M | $113.5M | ||
| Q4 24 | $-85.8M | $107.4M | ||
| Q3 24 | $-247.9M | $96.2M | ||
| Q2 24 | $-60.2M | $81.2M | ||
| Q1 24 | $-173.9M | $47.2M |
毛利率BALYRGLD
| 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% | ||
| Q1 24 | — | 58.4% |
营业利润率BALYRGLD
| Q4 25 | -36.8% | 56.2% | ||
| Q3 25 | 0.1% | 64.4% | ||
| Q2 25 | -0.4% | 67.7% | ||
| Q1 25 | -0.5% | 63.6% | ||
| Q4 24 | -5.6% | 65.9% | ||
| Q3 24 | -25.0% | 61.3% | ||
| Q2 24 | 0.9% | 58.6% | ||
| Q1 24 | -12.0% | 50.7% |
净利率BALYRGLD
| Q4 25 | -47.3% | 24.9% | ||
| Q3 25 | -15.5% | 50.3% | ||
| Q2 25 | -34.7% | 63.1% | ||
| Q1 25 | 9.4% | 58.7% | ||
| Q4 24 | -14.8% | 53.0% | ||
| Q3 24 | -39.3% | 49.7% | ||
| Q2 24 | -9.7% | 46.6% | ||
| Q1 24 | -28.1% | 31.7% |
每股收益（稀释后）BALYRGLD
| Q4 25 | $-5.84 | $1.04 | ||
| Q3 25 | $-1.70 | $1.92 | ||
| Q2 25 | $-3.76 | $2.01 | ||
| Q1 25 | $0.57 | $1.72 | ||
| Q4 24 | $-1.76 | $1.63 | ||
| Q3 24 | $-5.10 | $1.46 | ||
| Q2 24 | $-1.24 | $1.23 | ||
| Q1 24 | $-3.61 | $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 | $798.4M | $233.7M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $994.7M | $7.2B |
| 总资产 | $11.2B | $9.5B |
| 负债/权益比越低杠杆越低 | 4.52× | — |
8季度趋势，按日历期对齐
现金及短期投资BALYRGLD
| Q4 25 | $798.4M | $233.7M | ||
| Q3 25 | $160.7M | $172.8M | ||
| Q2 25 | $174.6M | $248.2M | ||
| Q1 25 | $209.7M | $240.8M | ||
| Q4 24 | $171.2M | $195.5M | ||
| Q3 24 | $191.0M | $127.9M | ||
| Q2 24 | $154.7M | $74.2M | ||
| Q1 24 | $169.4M | $137.9M |
总债务BALYRGLD
| Q4 25 | $4.5B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.7B | $0 | ||
| Q2 24 | $3.7B | $50.0M | ||
| Q1 24 | $3.7B | — |
股东权益BALYRGLD
| Q4 25 | $994.7M | $7.2B | ||
| Q3 25 | $521.5M | $3.4B | ||
| Q2 25 | $630.1M | $3.3B | ||
| Q1 25 | $796.5M | $3.2B | ||
| Q4 24 | $30.9M | $3.1B | ||
| Q3 24 | $233.4M | $3.0B | ||
| Q2 24 | $393.1M | $3.0B | ||
| Q1 24 | $449.4M | $2.9B |
总资产BALYRGLD
| Q4 25 | $11.2B | $9.5B | ||
| Q3 25 | $7.6B | $4.5B | ||
| Q2 25 | $7.8B | $3.6B | ||
| Q1 25 | $7.5B | $3.5B | ||
| Q4 24 | $5.9B | $3.4B | ||
| Q3 24 | $6.4B | $3.3B | ||
| Q2 24 | $6.6B | $3.3B | ||
| Q1 24 | $6.6B | $3.3B |
负债/权益比BALYRGLD
| Q4 25 | 4.52× | — | ||
| Q3 25 | 7.17× | — | ||
| Q2 25 | 5.68× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 107.40× | — | ||
| Q3 24 | 15.73× | 0.00× | ||
| Q2 24 | 9.34× | 0.02× | ||
| Q1 24 | 8.19× | — |
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 | — | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流BALYRGLD
| Q4 25 | — | $241.7M | ||
| Q3 25 | $-88.6M | $174.0M | ||
| Q2 25 | — | $152.8M | ||
| Q1 25 | $42.0M | $136.4M | ||
| Q4 24 | $37.8M | $141.1M | ||
| Q3 24 | $36.5M | $136.7M | ||
| Q2 24 | $47.6M | $113.5M | ||
| Q1 24 | $-7.9M | $138.3M |
自由现金流BALYRGLD
| Q4 25 | — | — | ||
| Q3 25 | $-139.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $11.5M | — | ||
| Q4 24 | $-5.9M | — | ||
| Q3 24 | $-55.8M | — | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $-35.9M | — |
自由现金流率BALYRGLD
| Q4 25 | — | — | ||
| Q3 25 | -21.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -8.9% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | -5.8% | — |
资本支出强度BALYRGLD
| Q4 25 | 5.1% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 14.7% | — | ||
| Q2 24 | 5.7% | — | ||
| Q1 24 | 4.5% | — |
现金转化率BALYRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 1.22× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 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
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
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% |
