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奔特力系统（BSY）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
奔特力系统的季度营收约是ROYAL GOLD INC的1.0倍（$391.6M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 15.0%，领先10.0%），ROYAL GOLD INC同比增速更快（85.3% vs 11.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 7.7%）
奔特力系统是总部位于美国的软件开发企业，面向全球基础设施的设计、建造及运营全周期，提供软件产品授权、销售及相关技术支持服务。旗下产品覆盖建筑、工厂、土木、地理空间等领域，广泛应用于建筑工程施工及运营场景，支撑各类大型建成资产的全生命周期管理。
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。
BSY vs RGLD — 直观对比
营收规模更大
BSY
是对方的1.0倍
$375.3M
营收增速更快
RGLD
高出73.4%
11.9%
净利率更高
RGLD
高出10.0%
15.0%
两年增速更快
RGLD
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $375.3M |
| 净利润 | $58.6M | $93.6M |
| 毛利率 | 81.9% | 64.6% |
| 营业利润率 | 20.0% | 56.2% |
| 净利率 | 15.0% | 24.9% |
| 营收同比 | 11.9% | 85.3% |
| 净利润同比 | 17.1% | -12.8% |
| 每股收益（稀释后） | $0.17 | $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BSYRGLD
| Q4 25 | $391.6M | $375.3M | ||
| Q3 25 | $375.5M | $252.1M | ||
| Q2 25 | $364.1M | $209.6M | ||
| Q1 25 | $370.5M | $193.4M | ||
| Q4 24 | $349.8M | $202.6M | ||
| Q3 24 | $335.2M | $193.8M | ||
| Q2 24 | $330.3M | $174.1M | ||
| Q1 24 | $337.8M | $148.9M |
净利润BSYRGLD
| Q4 25 | $58.6M | $93.6M | ||
| Q3 25 | $57.4M | $126.8M | ||
| Q2 25 | $70.5M | $132.3M | ||
| Q1 25 | $91.4M | $113.5M | ||
| Q4 24 | $50.1M | $107.4M | ||
| Q3 24 | $42.3M | $96.2M | ||
| Q2 24 | $72.0M | $81.2M | ||
| Q1 24 | $70.3M | $47.2M |
毛利率BSYRGLD
| Q4 25 | 81.9% | 64.6% | ||
| Q3 25 | 80.8% | 73.6% | ||
| Q2 25 | 81.1% | 72.6% | ||
| Q1 25 | 82.3% | 69.4% | ||
| Q4 24 | 80.6% | 70.3% | ||
| Q3 24 | 80.7% | 66.6% | ||
| Q2 24 | 80.9% | 64.7% | ||
| Q1 24 | 81.7% | 58.4% |
营业利润率BSYRGLD
| Q4 25 | 20.0% | 56.2% | ||
| Q3 25 | 22.5% | 64.4% | ||
| Q2 25 | 23.2% | 67.7% | ||
| Q1 25 | 31.1% | 63.6% | ||
| Q4 24 | 17.6% | 65.9% | ||
| Q3 24 | 20.5% | 61.3% | ||
| Q2 24 | 24.3% | 58.6% | ||
| Q1 24 | 27.2% | 50.7% |
净利率BSYRGLD
| Q4 25 | 15.0% | 24.9% | ||
| Q3 25 | 15.3% | 50.3% | ||
| Q2 25 | 19.4% | 63.1% | ||
| Q1 25 | 24.7% | 58.7% | ||
| Q4 24 | 14.3% | 53.0% | ||
| Q3 24 | 12.6% | 49.7% | ||
| Q2 24 | 21.8% | 46.6% | ||
| Q1 24 | 20.8% | 31.7% |
每股收益（稀释后）BSYRGLD
| Q4 25 | $0.17 | $1.04 | ||
| Q3 25 | $0.18 | $1.92 | ||
| Q2 25 | $0.22 | $2.01 | ||
| Q1 25 | $0.28 | $1.72 | ||
| Q4 24 | $0.15 | $1.63 | ||
| Q3 24 | $0.13 | $1.46 | ||
| Q2 24 | $0.22 | $1.23 | ||
| Q1 24 | $0.22 | $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 | $123.3M | $233.7M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $1.2B | $7.2B |
| 总资产 | $3.6B | $9.5B |
| 负债/权益比越低杠杆越低 | 1.05× | — |
8季度趋势，按日历期对齐
现金及短期投资BSYRGLD
| Q4 25 | $123.3M | $233.7M | ||
| Q3 25 | $165.4M | $172.8M | ||
| Q2 25 | $89.6M | $248.2M | ||
| Q1 25 | $83.6M | $240.8M | ||
| Q4 24 | $64.0M | $195.5M | ||
| Q3 24 | $72.2M | $127.9M | ||
| Q2 24 | $51.3M | $74.2M | ||
| Q1 24 | $141.6M | $137.9M |
总债务BSYRGLD
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $0 | ||
| Q2 24 | $1.3B | $50.0M | ||
| Q1 24 | $1.4B | — |
股东权益BSYRGLD
| Q4 25 | $1.2B | $7.2B | ||
| Q3 25 | $1.2B | $3.4B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.1B | $3.2B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $1.0B | $3.0B | ||
| Q2 24 | $984.5M | $3.0B | ||
| Q1 24 | $932.6M | $2.9B |
总资产BSYRGLD
| Q4 25 | $3.6B | $9.5B | ||
| Q3 25 | $3.5B | $4.5B | ||
| Q2 25 | $3.4B | $3.6B | ||
| Q1 25 | $3.4B | $3.5B | ||
| Q4 24 | $3.4B | $3.4B | ||
| Q3 24 | $3.4B | $3.3B | ||
| Q2 24 | $3.3B | $3.3B | ||
| Q1 24 | $3.4B | $3.3B |
负债/权益比BSYRGLD
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 1.07× | — | ||
| Q1 25 | 1.13× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.37× | 0.00× | ||
| Q2 24 | 1.36× | 0.02× | ||
| Q1 24 | 1.54× | — |
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 | $141.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $136.2M | — |
| 自由现金流率自由现金流/营收 | 34.8% | — |
| 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 | 2.41× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $520.2M | — |
8季度趋势，按日历期对齐
经营现金流BSYRGLD
| Q4 25 | $141.6M | $241.7M | ||
| Q3 25 | $116.4M | $174.0M | ||
| Q2 25 | $61.1M | $152.8M | ||
| Q1 25 | $219.4M | $136.4M | ||
| Q4 24 | $81.6M | $141.1M | ||
| Q3 24 | $86.1M | $136.7M | ||
| Q2 24 | $62.6M | $113.5M | ||
| Q1 24 | $205.0M | $138.3M |
自由现金流BSYRGLD
| Q4 25 | $136.2M | — | ||
| Q3 25 | $110.7M | — | ||
| Q2 25 | $57.0M | — | ||
| Q1 25 | $216.4M | — | ||
| Q4 24 | $76.1M | — | ||
| Q3 24 | $84.3M | — | ||
| Q2 24 | $59.5M | — | ||
| Q1 24 | $201.4M | — |
自由现金流率BSYRGLD
| Q4 25 | 34.8% | — | ||
| Q3 25 | 29.5% | — | ||
| Q2 25 | 15.7% | — | ||
| Q1 25 | 58.4% | — | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 18.0% | — | ||
| Q1 24 | 59.6% | — |
资本支出强度BSYRGLD
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 1.1% | — |
现金转化率BSYRGLD
| Q4 25 | 2.41× | 2.58× | ||
| Q3 25 | 2.03× | 1.37× | ||
| Q2 25 | 0.87× | 1.15× | ||
| Q1 25 | 2.40× | 1.20× | ||
| Q4 24 | 1.63× | 1.31× | ||
| Q3 24 | 2.03× | 1.42× | ||
| Q2 24 | 0.87× | 1.40× | ||
| Q1 24 | 2.92× | 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
BSY
| Enterprise License Subscriptions | $163.4M | 42% |
| Term License Subscriptions | $122.7M | 31% |
| SELECT Subscriptions | $70.6M | 18% |
| Professional Services Other | $17.2M | 4% |
| Perpetual Licenses | $14.3M | 4% |
| Professional Services Recurring | $3.5M | 1% |
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% |
