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B&G Foods, Inc.（BGS）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
B&G Foods, Inc.的季度营收约是ROYAL GOLD INC的1.2倍（$439.3M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -4.4%，领先29.3%），ROYAL GOLD INC同比增速更快（85.3% vs -4.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs RGLD — 直观对比
营收规模更大
BGS
是对方的1.2倍
$375.3M
营收增速更快
RGLD
高出90.0%
-4.7%
净利率更高
RGLD
高出29.3%
-4.4%
两年增速更快
RGLD
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $375.3M |
| 净利润 | $-19.1M | $93.6M |
| 毛利率 | 22.5% | 64.6% |
| 营业利润率 | 2.5% | 56.2% |
| 净利率 | -4.4% | 24.9% |
| 营收同比 | -4.7% | 85.3% |
| 净利润同比 | -356.5% | -12.8% |
| 每股收益（稀释后） | $-0.24 | $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BGSRGLD
| Q4 25 | — | $375.3M | ||
| Q3 25 | $439.3M | $252.1M | ||
| Q2 25 | $424.4M | $209.6M | ||
| Q1 25 | $425.4M | $193.4M | ||
| Q4 24 | $551.6M | $202.6M | ||
| Q3 24 | $461.1M | $193.8M | ||
| Q2 24 | $444.6M | $174.1M | ||
| Q1 24 | $475.2M | $148.9M |
净利润BGSRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $-19.1M | $126.8M | ||
| Q2 25 | $-9.8M | $132.3M | ||
| Q1 25 | $835.0K | $113.5M | ||
| Q4 24 | $-222.4M | $107.4M | ||
| Q3 24 | $7.5M | $96.2M | ||
| Q2 24 | $3.9M | $81.2M | ||
| Q1 24 | $-40.2M | $47.2M |
毛利率BGSRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | 22.5% | 73.6% | ||
| Q2 25 | 20.5% | 72.6% | ||
| Q1 25 | 21.2% | 69.4% | ||
| Q4 24 | 21.5% | 70.3% | ||
| Q3 24 | 22.2% | 66.6% | ||
| Q2 24 | 20.7% | 64.7% | ||
| Q1 24 | 22.9% | 58.4% |
营业利润率BGSRGLD
| Q4 25 | — | 56.2% | ||
| Q3 25 | 2.5% | 64.4% | ||
| Q2 25 | 5.2% | 67.7% | ||
| Q1 25 | 8.4% | 63.6% | ||
| Q4 24 | -46.6% | 65.9% | ||
| Q3 24 | 11.1% | 61.3% | ||
| Q2 24 | 9.9% | 58.6% | ||
| Q1 24 | -3.3% | 50.7% |
净利率BGSRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | -4.4% | 50.3% | ||
| Q2 25 | -2.3% | 63.1% | ||
| Q1 25 | 0.2% | 58.7% | ||
| Q4 24 | -40.3% | 53.0% | ||
| Q3 24 | 1.6% | 49.7% | ||
| Q2 24 | 0.9% | 46.6% | ||
| Q1 24 | -8.5% | 31.7% |
每股收益（稀释后）BGSRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | $-0.24 | $1.92 | ||
| Q2 25 | $-0.12 | $2.01 | ||
| Q1 25 | $0.01 | $1.72 | ||
| Q4 24 | $-2.81 | $1.63 | ||
| Q3 24 | $0.09 | $1.46 | ||
| Q2 24 | $0.05 | $1.23 | ||
| Q1 24 | $-0.51 | $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 | $60.9M | $233.7M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $470.7M | $7.2B |
| 总资产 | $2.9B | $9.5B |
| 负债/权益比越低杠杆越低 | 4.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BGSRGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | $60.9M | $172.8M | ||
| Q2 25 | $54.1M | $248.2M | ||
| Q1 25 | $61.2M | $240.8M | ||
| Q4 24 | $50.6M | $195.5M | ||
| Q3 24 | $54.7M | $127.9M | ||
| Q2 24 | $40.3M | $74.2M | ||
| Q1 24 | $42.5M | $137.9M |
总债务BGSRGLD
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.1B | $0 | ||
| Q2 24 | $2.0B | $50.0M | ||
| Q1 24 | $2.0B | — |
股东权益BGSRGLD
| Q4 25 | — | $7.2B | ||
| Q3 25 | $470.7M | $3.4B | ||
| Q2 25 | $501.4M | $3.3B | ||
| Q1 25 | $513.1M | $3.2B | ||
| Q4 24 | $524.8M | $3.1B | ||
| Q3 24 | $755.3M | $3.0B | ||
| Q2 24 | $765.0M | $3.0B | ||
| Q1 24 | $781.2M | $2.9B |
总资产BGSRGLD
| Q4 25 | — | $9.5B | ||
| Q3 25 | $2.9B | $4.5B | ||
| Q2 25 | $2.9B | $3.6B | ||
| Q1 25 | $3.0B | $3.5B | ||
| Q4 24 | $3.0B | $3.4B | ||
| Q3 24 | $3.4B | $3.3B | ||
| Q2 24 | $3.4B | $3.3B | ||
| Q1 24 | $3.4B | $3.3B |
负债/权益比BGSRGLD
| Q4 25 | — | — | ||
| Q3 25 | 4.30× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.91× | — | ||
| Q4 24 | 3.85× | — | ||
| Q3 24 | 2.75× | 0.00× | ||
| Q2 24 | 2.67× | 0.02× | ||
| Q1 24 | 2.61× | — |
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 | $-64.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | — |
| 自由现金流率自由现金流/营收 | -16.1% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 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 | $54.8M | — |
8季度趋势，按日历期对齐
经营现金流BGSRGLD
| Q4 25 | — | $241.7M | ||
| Q3 25 | $-64.6M | $174.0M | ||
| Q2 25 | $17.8M | $152.8M | ||
| Q1 25 | $52.7M | $136.4M | ||
| Q4 24 | $80.3M | $141.1M | ||
| Q3 24 | $4.2M | $136.7M | ||
| Q2 24 | $11.3M | $113.5M | ||
| Q1 24 | $35.1M | $138.3M |
自由现金流BGSRGLD
| Q4 25 | — | — | ||
| Q3 25 | $-70.7M | — | ||
| Q2 25 | $11.5M | — | ||
| Q1 25 | $42.4M | — | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $-679.0K | — | ||
| Q2 24 | $5.2M | — | ||
| Q1 24 | $27.5M | — |
自由现金流率BGSRGLD
| Q4 25 | — | — | ||
| Q3 25 | -16.1% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -0.1% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 5.8% | — |
资本支出强度BGSRGLD
| Q4 25 | — | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.6% | — |
现金转化率BGSRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 63.17× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 0.56× | 1.42× | ||
| Q2 24 | 2.87× | 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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
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% |
