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CALIX, INC（CALX）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
ROYAL GOLD INC的季度营收约是CALIX, INC的1.3倍（$375.3M vs $280.0M），ROYAL GOLD INC净利率更高（24.9% vs 4.0%，领先20.9%），ROYAL GOLD INC同比增速更快（85.3% vs 27.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 18.9%）
Calix是1999年成立、总部位于美国加利福尼亚州圣何塞的电信企业，专注于提供软件平台、系统及相关服务，为宽带业务的部署落地提供技术支撑，助力运营商为用户提供稳定高效的网络接入服务。
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。
CALX vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.3倍
$280.0M
营收增速更快
RGLD
高出58.2%
27.1%
净利率更高
RGLD
高出20.9%
4.0%
两年增速更快
RGLD
近两年复合增速
18.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $280.0M | $375.3M |
| 净利润 | $11.2M | $93.6M |
| 毛利率 | 56.9% | 64.6% |
| 营业利润率 | — | 56.2% |
| 净利率 | 4.0% | 24.9% |
| 营收同比 | 27.1% | 85.3% |
| 净利润同比 | 334.2% | -12.8% |
| 每股收益（稀释后） | $0.16 | $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CALXRGLD
| Q1 26 | $280.0M | — | ||
| Q4 25 | $272.4M | $375.3M | ||
| Q3 25 | $265.4M | $252.1M | ||
| Q2 25 | $241.9M | $209.6M | ||
| Q1 25 | $220.2M | $193.4M | ||
| Q4 24 | $206.1M | $202.6M | ||
| Q3 24 | $200.9M | $193.8M | ||
| Q2 24 | $198.1M | $174.1M |
净利润CALXRGLD
| Q1 26 | $11.2M | — | ||
| Q4 25 | $7.2M | $93.6M | ||
| Q3 25 | $15.7M | $126.8M | ||
| Q2 25 | $-199.0K | $132.3M | ||
| Q1 25 | $-4.8M | $113.5M | ||
| Q4 24 | $-17.9M | $107.4M | ||
| Q3 24 | $-4.0M | $96.2M | ||
| Q2 24 | $-8.0M | $81.2M |
毛利率CALXRGLD
| Q1 26 | 56.9% | — | ||
| Q4 25 | 57.7% | 64.6% | ||
| Q3 25 | 57.3% | 73.6% | ||
| Q2 25 | 56.3% | 72.6% | ||
| Q1 25 | 55.7% | 69.4% | ||
| Q4 24 | 55.0% | 70.3% | ||
| Q3 24 | 54.8% | 66.6% | ||
| Q2 24 | 54.3% | 64.7% |
营业利润率CALXRGLD
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 56.2% | ||
| Q3 25 | 6.6% | 64.4% | ||
| Q2 25 | 0.2% | 67.7% | ||
| Q1 25 | -2.8% | 63.6% | ||
| Q4 24 | -9.1% | 65.9% | ||
| Q3 24 | -5.4% | 61.3% | ||
| Q2 24 | -5.7% | 58.6% |
净利率CALXRGLD
| Q1 26 | 4.0% | — | ||
| Q4 25 | 2.6% | 24.9% | ||
| Q3 25 | 5.9% | 50.3% | ||
| Q2 25 | -0.1% | 63.1% | ||
| Q1 25 | -2.2% | 58.7% | ||
| Q4 24 | -8.7% | 53.0% | ||
| Q3 24 | -2.0% | 49.7% | ||
| Q2 24 | -4.0% | 46.6% |
每股收益（稀释后）CALXRGLD
| Q1 26 | $0.16 | — | ||
| Q4 25 | $0.11 | $1.04 | ||
| Q3 25 | $0.22 | $1.92 | ||
| Q2 25 | $0.00 | $2.01 | ||
| Q1 25 | $-0.07 | $1.72 | ||
| Q4 24 | $-0.27 | $1.63 | ||
| Q3 24 | $-0.06 | $1.46 | ||
| Q2 24 | $-0.12 | $1.23 |
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 | $54.6M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $738.0M | $7.2B |
| 总资产 | — | $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CALXRGLD
| Q1 26 | $54.6M | — | ||
| Q4 25 | $143.1M | $233.7M | ||
| Q3 25 | $95.0M | $172.8M | ||
| Q2 25 | $76.5M | $248.2M | ||
| Q1 25 | $42.3M | $240.8M | ||
| Q4 24 | $43.2M | $195.5M | ||
| Q3 24 | $62.4M | $127.9M | ||
| Q2 24 | $84.5M | $74.2M |
总债务CALXRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益CALXRGLD
| Q1 26 | $738.0M | — | ||
| Q4 25 | $859.2M | $7.2B | ||
| Q3 25 | $822.5M | $3.4B | ||
| Q2 25 | $772.7M | $3.3B | ||
| Q1 25 | $767.2M | $3.2B | ||
| Q4 24 | $780.9M | $3.1B | ||
| Q3 24 | $778.7M | $3.0B | ||
| Q2 24 | $754.2M | $3.0B |
总资产CALXRGLD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $9.5B | ||
| Q3 25 | $976.4M | $4.5B | ||
| Q2 25 | $921.4M | $3.6B | ||
| Q1 25 | $917.1M | $3.5B | ||
| Q4 24 | $939.3M | $3.4B | ||
| Q3 24 | $937.5M | $3.3B | ||
| Q2 24 | $917.9M | $3.3B |
负债/权益比CALXRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
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 | $14.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $6.5M | — |
| 自由现金流率自由现金流/营收 | 2.3% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.31× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $109.1M | — |
8季度趋势，按日历期对齐
经营现金流CALXRGLD
| Q1 26 | $14.6M | — | ||
| Q4 25 | $46.0M | $241.7M | ||
| Q3 25 | $32.3M | $174.0M | ||
| Q2 25 | $39.4M | $152.8M | ||
| Q1 25 | $17.2M | $136.4M | ||
| Q4 24 | $15.4M | $141.1M | ||
| Q3 24 | $16.0M | $136.7M | ||
| Q2 24 | $22.3M | $113.5M |
自由现金流CALXRGLD
| Q1 26 | $6.5M | — | ||
| Q4 25 | $40.3M | — | ||
| Q3 25 | $26.7M | — | ||
| Q2 25 | $35.6M | — | ||
| Q1 25 | $12.9M | — | ||
| Q4 24 | $10.2M | — | ||
| Q3 24 | $12.8M | — | ||
| Q2 24 | $16.4M | — |
自由现金流率CALXRGLD
| Q1 26 | 2.3% | — | ||
| Q4 25 | 14.8% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 14.7% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | 6.3% | — | ||
| Q2 24 | 8.3% | — |
资本支出强度CALXRGLD
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 3.0% | — |
现金转化率CALXRGLD
| Q1 26 | 1.31× | — | ||
| Q4 25 | 6.38× | 2.58× | ||
| Q3 25 | 2.06× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× |
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
CALX
| Appliance | $232.8M | 83% |
| Software and service | $47.1M | 17% |
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% |
