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百通（BDC）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
百通的季度营收约是ROYAL GOLD INC的1.9倍（$720.1M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 9.4%，领先15.5%），ROYAL GOLD INC同比增速更快（85.3% vs 8.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 15.9%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs RGLD — 直观对比
营收规模更大
BDC
是对方的1.9倍
$375.3M
营收增速更快
RGLD
高出77.2%
8.1%
净利率更高
RGLD
高出15.5%
9.4%
两年增速更快
RGLD
近两年复合增速
15.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $720.1M | $375.3M |
| 净利润 | $67.9M | $93.6M |
| 毛利率 | 36.6% | 64.6% |
| 营业利润率 | 12.2% | 56.2% |
| 净利率 | 9.4% | 24.9% |
| 营收同比 | 8.1% | 85.3% |
| 净利润同比 | 16.3% | -12.8% |
| 每股收益（稀释后） | $1.70 | $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BDCRGLD
| Q4 25 | $720.1M | $375.3M | ||
| Q3 25 | $698.2M | $252.1M | ||
| Q2 25 | $672.0M | $209.6M | ||
| Q1 25 | $624.9M | $193.4M | ||
| Q4 24 | $666.0M | $202.6M | ||
| Q3 24 | $654.9M | $193.8M | ||
| Q2 24 | $604.3M | $174.1M | ||
| Q1 24 | $535.7M | $148.9M |
净利润BDCRGLD
| Q4 25 | $67.9M | $93.6M | ||
| Q3 25 | $56.7M | $126.8M | ||
| Q2 25 | $61.0M | $132.3M | ||
| Q1 25 | $51.9M | $113.5M | ||
| Q4 24 | $58.4M | $107.4M | ||
| Q3 24 | $53.7M | $96.2M | ||
| Q2 24 | $49.0M | $81.2M | ||
| Q1 24 | $37.3M | $47.2M |
毛利率BDCRGLD
| Q4 25 | 36.6% | 64.6% | ||
| Q3 25 | 37.7% | 73.6% | ||
| Q2 25 | 38.5% | 72.6% | ||
| Q1 25 | 39.3% | 69.4% | ||
| Q4 24 | 37.5% | 70.3% | ||
| Q3 24 | 37.3% | 66.6% | ||
| Q2 24 | 37.5% | 64.7% | ||
| Q1 24 | 37.6% | 58.4% |
营业利润率BDCRGLD
| Q4 25 | 12.2% | 56.2% | ||
| Q3 25 | 10.9% | 64.4% | ||
| Q2 25 | 11.8% | 67.7% | ||
| Q1 25 | 11.6% | 63.6% | ||
| Q4 24 | 10.4% | 65.9% | ||
| Q3 24 | 11.5% | 61.3% | ||
| Q2 24 | 11.4% | 58.6% | ||
| Q1 24 | 9.9% | 50.7% |
净利率BDCRGLD
| Q4 25 | 9.4% | 24.9% | ||
| Q3 25 | 8.1% | 50.3% | ||
| Q2 25 | 9.1% | 63.1% | ||
| Q1 25 | 8.3% | 58.7% | ||
| Q4 24 | 8.8% | 53.0% | ||
| Q3 24 | 8.2% | 49.7% | ||
| Q2 24 | 8.1% | 46.6% | ||
| Q1 24 | 7.0% | 31.7% |
每股收益（稀释后）BDCRGLD
| Q4 25 | $1.70 | $1.04 | ||
| Q3 25 | $1.41 | $1.92 | ||
| Q2 25 | $1.53 | $2.01 | ||
| Q1 25 | $1.27 | $1.72 | ||
| Q4 24 | $1.41 | $1.63 | ||
| Q3 24 | $1.30 | $1.46 | ||
| Q2 24 | $1.19 | $1.23 | ||
| Q1 24 | $0.90 | $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 | $389.9M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $7.2B |
| 总资产 | $3.5B | $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BDCRGLD
| Q4 25 | $389.9M | $233.7M | ||
| Q3 25 | $314.3M | $172.8M | ||
| Q2 25 | $301.5M | $248.2M | ||
| Q1 25 | $259.0M | $240.8M | ||
| Q4 24 | $370.3M | $195.5M | ||
| Q3 24 | $323.0M | $127.9M | ||
| Q2 24 | $564.8M | $74.2M | ||
| Q1 24 | $506.8M | $137.9M |
总债务BDCRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益BDCRGLD
| Q4 25 | $1.3B | $7.2B | ||
| Q3 25 | $1.2B | $3.4B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.2B | $3.0B | ||
| Q1 24 | $1.2B | $2.9B |
总资产BDCRGLD
| Q4 25 | $3.5B | $9.5B | ||
| Q3 25 | $3.4B | $4.5B | ||
| Q2 25 | $3.4B | $3.6B | ||
| Q1 25 | $3.3B | $3.5B | ||
| Q4 24 | $3.3B | $3.4B | ||
| Q3 24 | $3.3B | $3.3B | ||
| Q2 24 | $3.5B | $3.3B | ||
| Q1 24 | $3.1B | $3.3B |
负债/权益比BDCRGLD
| 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 | $160.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $121.3M | — |
| 自由现金流率自由现金流/营收 | 16.8% | — |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | 2.36× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $218.7M | — |
8季度趋势，按日历期对齐
经营现金流BDCRGLD
| Q4 25 | $160.4M | $241.7M | ||
| Q3 25 | $105.0M | $174.0M | ||
| Q2 25 | $82.0M | $152.8M | ||
| Q1 25 | $7.4M | $136.4M | ||
| Q4 24 | $174.7M | $141.1M | ||
| Q3 24 | $91.7M | $136.7M | ||
| Q2 24 | $83.0M | $113.5M | ||
| Q1 24 | $2.7M | $138.3M |
自由现金流BDCRGLD
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | — | ||
| Q2 25 | $56.9M | — | ||
| Q1 25 | $-24.8M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $61.0M | — | ||
| Q1 24 | $-21.5M | — |
自由现金流率BDCRGLD
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 8.5% | — | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | — | ||
| Q1 24 | -4.0% | — |
资本支出强度BDCRGLD
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 5.2% | — | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 4.5% | — |
现金转化率BDCRGLD
| Q4 25 | 2.36× | 2.58× | ||
| Q3 25 | 1.85× | 1.37× | ||
| Q2 25 | 1.34× | 1.15× | ||
| Q1 25 | 0.14× | 1.20× | ||
| Q4 24 | 2.99× | 1.31× | ||
| Q3 24 | 1.71× | 1.42× | ||
| Q2 24 | 1.69× | 1.40× | ||
| Q1 24 | 0.07× | 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
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
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% |
