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Bandwidth Inc.（BAND）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
ROYAL GOLD INC的季度营收约是Bandwidth Inc.的1.8倍（$375.3M vs $207.7M），ROYAL GOLD INC同比增速更快（85.3% vs -1.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 10.2%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
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。
BAND vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.8倍
$207.7M
营收增速更快
RGLD
高出86.4%
-1.1%
两年增速更快
RGLD
近两年复合增速
10.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $207.7M | $375.3M |
| 净利润 | — | $93.6M |
| 毛利率 | 37.6% | 64.6% |
| 营业利润率 | -1.9% | 56.2% |
| 净利率 | — | 24.9% |
| 营收同比 | -1.1% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $-0.10 | $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BANDRGLD
| Q4 25 | $207.7M | $375.3M | ||
| Q3 25 | $191.9M | $252.1M | ||
| Q2 25 | $180.0M | $209.6M | ||
| Q1 25 | $174.2M | $193.4M | ||
| Q4 24 | $210.0M | $202.6M | ||
| Q3 24 | $193.9M | $193.8M | ||
| Q2 24 | $173.6M | $174.1M | ||
| Q1 24 | $171.0M | $148.9M |
净利润BANDRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $-1.2M | $126.8M | ||
| Q2 25 | $-4.9M | $132.3M | ||
| Q1 25 | $-3.7M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $413.0K | $96.2M | ||
| Q2 24 | $4.1M | $81.2M | ||
| Q1 24 | $-9.2M | $47.2M |
毛利率BANDRGLD
| Q4 25 | 37.6% | 64.6% | ||
| Q3 25 | 38.5% | 73.6% | ||
| Q2 25 | 39.8% | 72.6% | ||
| Q1 25 | 41.0% | 69.4% | ||
| Q4 24 | 36.4% | 70.3% | ||
| Q3 24 | 37.7% | 66.6% | ||
| Q2 24 | 37.3% | 64.7% | ||
| Q1 24 | 38.3% | 58.4% |
营业利润率BANDRGLD
| Q4 25 | -1.9% | 56.2% | ||
| Q3 25 | -1.0% | 64.4% | ||
| Q2 25 | -2.1% | 67.7% | ||
| Q1 25 | -2.7% | 63.6% | ||
| Q4 24 | -1.3% | 65.9% | ||
| Q3 24 | -0.5% | 61.3% | ||
| Q2 24 | -3.5% | 58.6% | ||
| Q1 24 | -6.1% | 50.7% |
净利率BANDRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | -0.6% | 50.3% | ||
| Q2 25 | -2.7% | 63.1% | ||
| Q1 25 | -2.1% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | 0.2% | 49.7% | ||
| Q2 24 | 2.3% | 46.6% | ||
| Q1 24 | -5.4% | 31.7% |
每股收益（稀释后）BANDRGLD
| Q4 25 | $-0.10 | $1.04 | ||
| Q3 25 | $-0.04 | $1.92 | ||
| Q2 25 | $-0.16 | $2.01 | ||
| Q1 25 | $-0.13 | $1.72 | ||
| Q4 24 | $0.27 | $1.63 | ||
| Q3 24 | $0.01 | $1.46 | ||
| Q2 24 | $-0.17 | $1.23 | ||
| Q1 24 | $-0.35 | $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 | $111.3M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $400.0M | $7.2B |
| 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BANDRGLD
| Q4 25 | $111.3M | $233.7M | ||
| Q3 25 | $80.4M | $172.8M | ||
| Q2 25 | $68.1M | $248.2M | ||
| Q1 25 | $41.7M | $240.8M | ||
| Q4 24 | $83.8M | $195.5M | ||
| Q3 24 | $79.9M | $127.9M | ||
| Q2 24 | $76.4M | $74.2M | ||
| Q1 24 | $147.2M | $137.9M |
总债务BANDRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益BANDRGLD
| Q4 25 | $400.0M | $7.2B | ||
| Q3 25 | $392.7M | $3.4B | ||
| Q2 25 | $384.5M | $3.3B | ||
| Q1 25 | $345.4M | $3.2B | ||
| Q4 24 | $312.5M | $3.1B | ||
| Q3 24 | $336.6M | $3.0B | ||
| Q2 24 | $307.4M | $3.0B | ||
| Q1 24 | $298.2M | $2.9B |
总资产BANDRGLD
| Q4 25 | $1.1B | $9.5B | ||
| Q3 25 | $1.0B | $4.5B | ||
| Q2 25 | $1.0B | $3.6B | ||
| Q1 25 | $964.4M | $3.5B | ||
| Q4 24 | $989.2M | $3.4B | ||
| Q3 24 | $1.0B | $3.3B | ||
| Q2 24 | $1.0B | $3.3B | ||
| Q1 24 | $1.1B | $3.3B |
负债/权益比BANDRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | — |
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 | $38.6M | $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 | — | — |
| 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BANDRGLD
| Q4 25 | $38.6M | $241.7M | ||
| Q3 25 | $22.2M | $174.0M | ||
| Q2 25 | $31.7M | $152.8M | ||
| Q1 25 | $-3.1M | $136.4M | ||
| Q4 24 | $36.5M | $141.1M | ||
| Q3 24 | $20.5M | $136.7M | ||
| Q2 24 | $24.4M | $113.5M | ||
| Q1 24 | $2.5M | $138.3M |
现金转化率BANDRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 49.55× | 1.42× | ||
| Q2 24 | 6.03× | 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
BAND
| Messaging Surcharges | $192.4M | 93% |
| Other | $15.2M | 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% |
