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BELLRING BRANDS, INC.（BRBR）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
BELLRING BRANDS, INC.的季度营收约是ROYAL GOLD INC的1.4倍（$537.3M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 8.1%，领先16.8%），ROYAL GOLD INC同比增速更快（85.3% vs 0.8%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 4.2%）
Bellring Brands是一家知名营养食品企业，研发、生产及销售蛋白饮料、蛋白棒、蛋白粉等功能性营养产品，旗下拥有Premier Protein、Dymatize等知名品牌，主要面向北美市场的健康及运动爱好者，通过零售、电商等多渠道发售。
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。
BRBR vs RGLD — 直观对比
营收规模更大
BRBR
是对方的1.4倍
$375.3M
营收增速更快
RGLD
高出84.5%
0.8%
净利率更高
RGLD
高出16.8%
8.1%
两年增速更快
RGLD
近两年复合增速
4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $537.3M | $375.3M |
| 净利润 | $43.7M | $93.6M |
| 毛利率 | 29.9% | 64.6% |
| 营业利润率 | 14.6% | 56.2% |
| 净利率 | 8.1% | 24.9% |
| 营收同比 | 0.8% | 85.3% |
| 净利润同比 | -43.2% | -12.8% |
| 每股收益（稀释后） | $0.36 | $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BRBRRGLD
| Q4 25 | $537.3M | $375.3M | ||
| Q3 25 | $648.2M | $252.1M | ||
| Q2 25 | $547.5M | $209.6M | ||
| Q1 25 | $588.0M | $193.4M | ||
| Q4 24 | $532.9M | $202.6M | ||
| Q3 24 | $555.8M | $193.8M | ||
| Q2 24 | $515.4M | $174.1M | ||
| Q1 24 | $494.6M | $148.9M |
净利润BRBRRGLD
| Q4 25 | $43.7M | $93.6M | ||
| Q3 25 | $59.6M | $126.8M | ||
| Q2 25 | $21.0M | $132.3M | ||
| Q1 25 | $58.7M | $113.5M | ||
| Q4 24 | $76.9M | $107.4M | ||
| Q3 24 | $71.7M | $96.2M | ||
| Q2 24 | $73.7M | $81.2M | ||
| Q1 24 | $57.2M | $47.2M |
毛利率BRBRRGLD
| Q4 25 | 29.9% | 64.6% | ||
| Q3 25 | 28.9% | 73.6% | ||
| Q2 25 | 35.4% | 72.6% | ||
| Q1 25 | 32.3% | 69.4% | ||
| Q4 24 | 37.5% | 70.3% | ||
| Q3 24 | 36.9% | 66.6% | ||
| Q2 24 | 36.8% | 64.7% | ||
| Q1 24 | 33.2% | 58.4% |
营业利润率BRBRRGLD
| Q4 25 | 14.6% | 56.2% | ||
| Q3 25 | 15.8% | 64.4% | ||
| Q2 25 | 8.2% | 67.7% | ||
| Q1 25 | 16.2% | 63.6% | ||
| Q4 24 | 21.6% | 65.9% | ||
| Q3 24 | 20.2% | 61.3% | ||
| Q2 24 | 21.7% | 58.6% | ||
| Q1 24 | 18.4% | 50.7% |
净利率BRBRRGLD
| Q4 25 | 8.1% | 24.9% | ||
| Q3 25 | 9.2% | 50.3% | ||
| Q2 25 | 3.8% | 63.1% | ||
| Q1 25 | 10.0% | 58.7% | ||
| Q4 24 | 14.4% | 53.0% | ||
| Q3 24 | 12.9% | 49.7% | ||
| Q2 24 | 14.3% | 46.6% | ||
| Q1 24 | 11.6% | 31.7% |
每股收益（稀释后）BRBRRGLD
| Q4 25 | $0.36 | $1.04 | ||
| Q3 25 | $0.48 | $1.92 | ||
| Q2 25 | $0.16 | $2.01 | ||
| Q1 25 | $0.45 | $1.72 | ||
| Q4 24 | $0.59 | $1.63 | ||
| Q3 24 | $0.54 | $1.46 | ||
| Q2 24 | $0.56 | $1.23 | ||
| Q1 24 | $0.43 | $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 | $64.1M | $233.7M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $-510.7M | $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BRBRRGLD
| Q4 25 | $64.1M | $233.7M | ||
| Q3 25 | $71.8M | $172.8M | ||
| Q2 25 | $43.7M | $248.2M | ||
| Q1 25 | $28.1M | $240.8M | ||
| Q4 24 | $49.6M | $195.5M | ||
| Q3 24 | $70.8M | $127.9M | ||
| Q2 24 | $72.6M | $74.2M | ||
| Q1 24 | $79.3M | $137.9M |
总债务BRBRRGLD
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $953.7M | — | ||
| Q4 24 | $833.4M | — | ||
| Q3 24 | $833.1M | $0 | ||
| Q2 24 | $832.7M | $50.0M | ||
| Q1 24 | $832.4M | — |
股东权益BRBRRGLD
| Q4 25 | $-510.7M | $7.2B | ||
| Q3 25 | $-453.9M | $3.4B | ||
| Q2 25 | $-309.9M | $3.3B | ||
| Q1 25 | $-254.1M | $3.2B | ||
| Q4 24 | $-146.6M | $3.1B | ||
| Q3 24 | $-205.9M | $3.0B | ||
| Q2 24 | $-243.2M | $3.0B | ||
| Q1 24 | $-247.7M | $2.9B |
总资产BRBRRGLD
| Q4 25 | $1.1B | $9.5B | ||
| Q3 25 | $941.0M | $4.5B | ||
| Q2 25 | $993.7M | $3.6B | ||
| Q1 25 | $947.5M | $3.5B | ||
| Q4 24 | $885.2M | $3.4B | ||
| Q3 24 | $837.0M | $3.3B | ||
| Q2 24 | $804.1M | $3.3B | ||
| Q1 24 | $765.0M | $3.3B |
负债/权益比BRBRRGLD
| 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 | $-3.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-7.3M | — |
| 自由现金流率自由现金流/营收 | -1.4% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | -0.07× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $246.9M | — |
8季度趋势，按日历期对齐
经营现金流BRBRRGLD
| Q4 25 | $-3.1M | $241.7M | ||
| Q3 25 | $169.1M | $174.0M | ||
| Q2 25 | $40.3M | $152.8M | ||
| Q1 25 | $48.2M | $136.4M | ||
| Q4 24 | $3.0M | $141.1M | ||
| Q3 24 | $40.1M | $136.7M | ||
| Q2 24 | $69.0M | $113.5M | ||
| Q1 24 | $16.3M | $138.3M |
自由现金流BRBRRGLD
| Q4 25 | $-7.3M | — | ||
| Q3 25 | $168.1M | — | ||
| Q2 25 | $38.5M | — | ||
| Q1 25 | $47.6M | — | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $38.9M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $16.0M | — |
自由现金流率BRBRRGLD
| Q4 25 | -1.4% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 8.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 7.0% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 3.2% | — |
资本支出强度BRBRRGLD
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
现金转化率BRBRRGLD
| Q4 25 | -0.07× | 2.58× | ||
| Q3 25 | 2.84× | 1.37× | ||
| Q2 25 | 1.92× | 1.15× | ||
| Q1 25 | 0.82× | 1.20× | ||
| Q4 24 | 0.04× | 1.31× | ||
| Q3 24 | 0.56× | 1.42× | ||
| Q2 24 | 0.94× | 1.40× | ||
| Q1 24 | 0.28× | 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
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
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% |
