vs
Barnes & Noble Education, Inc.（BNED）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
Barnes & Noble Education, Inc.的季度营收约是ROYAL GOLD INC的1.6倍（$598.2M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 4.2%，领先20.8%），ROYAL GOLD INC同比增速更快（85.3% vs 6.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 20.0%）
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
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。
BNED vs RGLD — 直观对比
营收规模更大
BNED
是对方的1.6倍
$375.3M
营收增速更快
RGLD
高出78.4%
6.9%
净利率更高
RGLD
高出20.8%
4.2%
两年增速更快
RGLD
近两年复合增速
20.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $375.3M |
| 净利润 | $25.0M | $93.6M |
| 毛利率 | 21.7% | 64.6% |
| 营业利润率 | 6.8% | 56.2% |
| 净利率 | 4.2% | 24.9% |
| 营收同比 | 6.9% | 85.3% |
| 净利润同比 | -49.7% | -12.8% |
| 每股收益（稀释后） | $0.72 | $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BNEDRGLD
| Q4 25 | $598.2M | $375.3M | ||
| Q3 25 | $274.2M | $252.1M | ||
| Q2 25 | $233.0M | $209.6M | ||
| Q1 25 | $419.7M | $193.4M | ||
| Q4 24 | $559.7M | $202.6M | ||
| Q3 24 | $250.9M | $193.8M | ||
| Q2 24 | $192.7M | $174.1M | ||
| Q1 24 | $415.4M | $148.9M |
净利润BNEDRGLD
| Q4 25 | $25.0M | $93.6M | ||
| Q3 25 | $-18.3M | $126.8M | ||
| Q2 25 | $-23.0M | $132.3M | ||
| Q1 25 | $17.9M | $113.5M | ||
| Q4 24 | $43.2M | $107.4M | ||
| Q3 24 | $-103.9M | $96.2M | ||
| Q2 24 | $-41.9M | $81.2M | ||
| Q1 24 | $-9.3M | $47.2M |
毛利率BNEDRGLD
| Q4 25 | 21.7% | 64.6% | ||
| Q3 25 | 20.2% | 73.6% | ||
| Q2 25 | 30.3% | 72.6% | ||
| Q1 25 | 22.3% | 69.4% | ||
| Q4 24 | 23.0% | 70.3% | ||
| Q3 24 | 17.9% | 66.6% | ||
| Q2 24 | 28.7% | 64.7% | ||
| Q1 24 | 24.2% | 58.4% |
营业利润率BNEDRGLD
| Q4 25 | 6.8% | 56.2% | ||
| Q3 25 | -8.4% | 64.4% | ||
| Q2 25 | -4.9% | 67.7% | ||
| Q1 25 | 4.5% | 63.6% | ||
| Q4 24 | 8.4% | 65.9% | ||
| Q3 24 | -15.4% | 61.3% | ||
| Q2 24 | -16.3% | 58.6% | ||
| Q1 24 | 0.4% | 50.7% |
净利率BNEDRGLD
| Q4 25 | 4.2% | 24.9% | ||
| Q3 25 | -6.7% | 50.3% | ||
| Q2 25 | -9.9% | 63.1% | ||
| Q1 25 | 4.3% | 58.7% | ||
| Q4 24 | 7.7% | 53.0% | ||
| Q3 24 | -41.4% | 49.7% | ||
| Q2 24 | -21.7% | 46.6% | ||
| Q1 24 | -2.2% | 31.7% |
每股收益（稀释后）BNEDRGLD
| Q4 25 | $0.72 | $1.04 | ||
| Q3 25 | $-0.54 | $1.92 | ||
| Q2 25 | $2.97 | $2.01 | ||
| Q1 25 | $0.59 | $1.72 | ||
| Q4 24 | $1.63 | $1.63 | ||
| Q3 24 | $-7.69 | $1.46 | ||
| Q2 24 | $-15.68 | $1.23 | ||
| Q1 24 | $-3.49 | $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 | $11.7M | $233.7M |
| 总债务越低越好 | $122.5M | — |
| 股东权益账面价值 | $283.2M | $7.2B |
| 总资产 | $1.1B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资BNEDRGLD
| Q4 25 | $11.7M | $233.7M | ||
| Q3 25 | $7.3M | $172.8M | ||
| Q2 25 | $9.1M | $248.2M | ||
| Q1 25 | $9.2M | $240.8M | ||
| Q4 24 | $11.6M | $195.5M | ||
| Q3 24 | $8.2M | $127.9M | ||
| Q2 24 | $10.5M | $74.2M | ||
| Q1 24 | $8.1M | $137.9M |
总债务BNEDRGLD
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | $0 | ||
| Q2 24 | $196.3M | $50.0M | ||
| Q1 24 | $30.2M | — |
股东权益BNEDRGLD
| Q4 25 | $283.2M | $7.2B | ||
| Q3 25 | $256.5M | $3.4B | ||
| Q2 25 | $272.2M | $3.3B | ||
| Q1 25 | $292.9M | $3.2B | ||
| Q4 24 | $211.4M | $3.1B | ||
| Q3 24 | $149.8M | $3.0B | ||
| Q2 24 | $80.4M | $3.0B | ||
| Q1 24 | $121.5M | $2.9B |
总资产BNEDRGLD
| Q4 25 | $1.1B | $9.5B | ||
| Q3 25 | $950.8M | $4.5B | ||
| Q2 25 | $790.3M | $3.6B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $973.2M | $3.3B | ||
| Q2 24 | $909.9M | $3.3B | ||
| Q1 24 | $1.2B | $3.3B |
负债/权益比BNEDRGLD
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | 0.00× | ||
| Q2 24 | 2.44× | 0.02× | ||
| Q1 24 | 0.25× | — |
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 | $66.2M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $61.9M | — |
| 自由现金流率自由现金流/营收 | 10.4% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | 2.65× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-4.6M | — |
8季度趋势，按日历期对齐
经营现金流BNEDRGLD
| Q4 25 | $66.2M | $241.7M | ||
| Q3 25 | $-67.6M | $174.0M | ||
| Q2 25 | $52.6M | $152.8M | ||
| Q1 25 | $-41.9M | $136.4M | ||
| Q4 24 | $47.4M | $141.1M | ||
| Q3 24 | $-143.5M | $136.7M | ||
| Q2 24 | $81.7M | $113.5M | ||
| Q1 24 | $-35.8M | $138.3M |
自由现金流BNEDRGLD
| Q4 25 | $61.9M | — | ||
| Q3 25 | $-71.3M | — | ||
| Q2 25 | $49.5M | — | ||
| Q1 25 | $-44.7M | — | ||
| Q4 24 | $44.4M | — | ||
| Q3 24 | $-147.5M | — | ||
| Q2 24 | $79.1M | — | ||
| Q1 24 | $-39.0M | — |
自由现金流率BNEDRGLD
| Q4 25 | 10.4% | — | ||
| Q3 25 | -26.0% | — | ||
| Q2 25 | 21.3% | — | ||
| Q1 25 | -10.7% | — | ||
| Q4 24 | 7.9% | — | ||
| Q3 24 | -58.8% | — | ||
| Q2 24 | 41.1% | — | ||
| Q1 24 | -9.4% | — |
资本支出强度BNEDRGLD
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 0.8% | — |
现金转化率BNEDRGLD
| Q4 25 | 2.65× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | -2.34× | 1.20× | ||
| Q4 24 | 1.10× | 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
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
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% |
