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BILL Holdings, Inc.（BILL）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
BILL Holdings, Inc.的季度营收约是ROYAL GOLD INC的1.1倍（$414.7M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -0.6%，领先25.6%），ROYAL GOLD INC同比增速更快（85.3% vs 14.4%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 13.3%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
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。
BILL vs RGLD — 直观对比
营收规模更大
BILL
是对方的1.1倍
$375.3M
营收增速更快
RGLD
高出70.9%
14.4%
净利率更高
RGLD
高出25.6%
-0.6%
两年增速更快
RGLD
近两年复合增速
13.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $375.3M |
| 净利润 | $-2.6M | $93.6M |
| 毛利率 | 79.8% | 64.6% |
| 营业利润率 | -4.4% | 56.2% |
| 净利率 | -0.6% | 24.9% |
| 营收同比 | 14.4% | 85.3% |
| 净利润同比 | -107.7% | -12.8% |
| 每股收益（稀释后） | $-0.03 | $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BILLRGLD
| Q4 25 | $414.7M | $375.3M | ||
| Q3 25 | $395.7M | $252.1M | ||
| Q2 25 | $383.3M | $209.6M | ||
| Q1 25 | $358.2M | $193.4M | ||
| Q4 24 | $362.6M | $202.6M | ||
| Q3 24 | $358.4M | $193.8M | ||
| Q2 24 | $343.7M | $174.1M | ||
| Q1 24 | $323.0M | $148.9M |
净利润BILLRGLD
| Q4 25 | $-2.6M | $93.6M | ||
| Q3 25 | $-3.0M | $126.8M | ||
| Q2 25 | $-7.1M | $132.3M | ||
| Q1 25 | $-11.6M | $113.5M | ||
| Q4 24 | $33.5M | $107.4M | ||
| Q3 24 | $8.9M | $96.2M | ||
| Q2 24 | $7.6M | $81.2M | ||
| Q1 24 | $31.8M | $47.2M |
毛利率BILLRGLD
| Q4 25 | 79.8% | 64.6% | ||
| Q3 25 | 80.5% | 73.6% | ||
| Q2 25 | 80.8% | 72.6% | ||
| Q1 25 | 81.2% | 69.4% | ||
| Q4 24 | 81.6% | 70.3% | ||
| Q3 24 | 82.0% | 66.6% | ||
| Q2 24 | 81.0% | 64.7% | ||
| Q1 24 | 83.0% | 58.4% |
营业利润率BILLRGLD
| Q4 25 | -4.4% | 56.2% | ||
| Q3 25 | -5.2% | 64.4% | ||
| Q2 25 | -5.8% | 67.7% | ||
| Q1 25 | -8.1% | 63.6% | ||
| Q4 24 | -6.0% | 65.9% | ||
| Q3 24 | -2.1% | 61.3% | ||
| Q2 24 | -6.5% | 58.6% | ||
| Q1 24 | -8.6% | 50.7% |
净利率BILLRGLD
| Q4 25 | -0.6% | 24.9% | ||
| Q3 25 | -0.7% | 50.3% | ||
| Q2 25 | -1.8% | 63.1% | ||
| Q1 25 | -3.2% | 58.7% | ||
| Q4 24 | 9.3% | 53.0% | ||
| Q3 24 | 2.5% | 49.7% | ||
| Q2 24 | 2.2% | 46.6% | ||
| Q1 24 | 9.8% | 31.7% |
每股收益（稀释后）BILLRGLD
| Q4 25 | $-0.03 | $1.04 | ||
| Q3 25 | $-0.03 | $1.92 | ||
| Q2 25 | $0.02 | $2.01 | ||
| Q1 25 | $-0.11 | $1.72 | ||
| Q4 24 | $-0.06 | $1.63 | ||
| Q3 24 | $0.08 | $1.46 | ||
| Q2 24 | $0.37 | $1.23 | ||
| Q1 24 | $0.00 | $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 | $1.1B | $233.7M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $3.8B | $7.2B |
| 总资产 | $10.1B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资BILLRGLD
| Q4 25 | $1.1B | $233.7M | ||
| Q3 25 | $1.1B | $172.8M | ||
| Q2 25 | $1.0B | $248.2M | ||
| Q1 25 | $1.0B | $240.8M | ||
| Q4 24 | $1.6B | $195.5M | ||
| Q3 24 | $853.5M | $127.9M | ||
| Q2 24 | $985.9M | $74.2M | ||
| Q1 24 | $952.5M | $137.9M |
总债务BILLRGLD
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $914.8M | $0 | ||
| Q2 24 | $914.0M | $50.0M | ||
| Q1 24 | $1.1B | — |
股东权益BILLRGLD
| Q4 25 | $3.8B | $7.2B | ||
| Q3 25 | $3.9B | $3.4B | ||
| Q2 25 | $3.9B | $3.3B | ||
| Q1 25 | $3.9B | $3.2B | ||
| Q4 24 | $3.8B | $3.1B | ||
| Q3 24 | $4.0B | $3.0B | ||
| Q2 24 | $4.1B | $3.0B | ||
| Q1 24 | $4.1B | $2.9B |
总资产BILLRGLD
| Q4 25 | $10.1B | $9.5B | ||
| Q3 25 | $10.2B | $4.5B | ||
| Q2 25 | $10.1B | $3.6B | ||
| Q1 25 | $9.6B | $3.5B | ||
| Q4 24 | $9.7B | $3.4B | ||
| Q3 24 | $9.0B | $3.3B | ||
| Q2 24 | $9.2B | $3.3B | ||
| Q1 24 | $9.1B | $3.3B |
负债/权益比BILLRGLD
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.48× | — | ||
| Q2 25 | 0.44× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.23× | 0.00× | ||
| Q2 24 | 0.22× | 0.02× | ||
| Q1 24 | 0.28× | — |
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 | $105.3M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | — |
| 自由现金流率自由现金流/营收 | 25.0% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 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 | $378.8M | — |
8季度趋势，按日历期对齐
经营现金流BILLRGLD
| Q4 25 | $105.3M | $241.7M | ||
| Q3 25 | $96.9M | $174.0M | ||
| Q2 25 | $83.8M | $152.8M | ||
| Q1 25 | $99.5M | $136.4M | ||
| Q4 24 | $78.7M | $141.1M | ||
| Q3 24 | $88.6M | $136.7M | ||
| Q2 24 | $78.6M | $113.5M | ||
| Q1 24 | $66.8M | $138.3M |
自由现金流BILLRGLD
| Q4 25 | $103.8M | — | ||
| Q3 25 | $95.6M | — | ||
| Q2 25 | $81.0M | — | ||
| Q1 25 | $98.4M | — | ||
| Q4 24 | $78.3M | — | ||
| Q3 24 | $88.6M | — | ||
| Q2 24 | $78.4M | — | ||
| Q1 24 | $66.8M | — |
自由现金流率BILLRGLD
| Q4 25 | 25.0% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 27.5% | — | ||
| Q4 24 | 21.6% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 20.7% | — |
资本支出强度BILLRGLD
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
现金转化率BILLRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 2.35× | 1.31× | ||
| Q3 24 | 9.94× | 1.42× | ||
| Q2 24 | 10.35× | 1.40× | ||
| Q1 24 | 2.10× | 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
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
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% |
