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CHOICE HOTELS INTERNATIONAL INC（CHH）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CHOICE HOTELS INTERNATIONAL INC的1.1倍（$375.3M vs $340.6M），ROYAL GOLD INC净利率更高（24.9% vs 5.9%，领先19.1%），ROYAL GOLD INC同比增速更快（85.3% vs 2.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -11.5%）
凯悦酒店国际集团（Choice Hotels International）是总部位于美国马里兰州北贝塞斯达的跨国酒店集团，为全球规模最大的酒店连锁企业之一，旗下拥有从高端到经济型的多元酒店品牌。截至2024年末，集团在全球46个国家和地区特许经营近7600家酒店，客房总数超65万间。
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。
CHH vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.1倍
$340.6M
营收增速更快
RGLD
高出83.0%
2.3%
净利率更高
RGLD
高出19.1%
5.9%
两年增速更快
RGLD
近两年复合增速
-11.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $340.6M | $375.3M |
| 净利润 | $20.0M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 17.6% | 56.2% |
| 净利率 | 5.9% | 24.9% |
| 营收同比 | 2.3% | 85.3% |
| 净利润同比 | -54.4% | -12.8% |
| 每股收益（稀释后） | $0.44 | $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CHHRGLD
| Q1 26 | $340.6M | — | ||
| Q4 25 | $390.1M | $375.3M | ||
| Q3 25 | $447.3M | $252.1M | ||
| Q2 25 | $426.4M | $209.6M | ||
| Q1 25 | $332.9M | $193.4M | ||
| Q4 24 | $389.8M | $202.6M | ||
| Q3 24 | $428.0M | $193.8M | ||
| Q2 24 | $435.2M | $174.1M |
净利润CHHRGLD
| Q1 26 | $20.0M | — | ||
| Q4 25 | $63.7M | $93.6M | ||
| Q3 25 | $180.0M | $126.8M | ||
| Q2 25 | $81.7M | $132.3M | ||
| Q1 25 | $44.5M | $113.5M | ||
| Q4 24 | $75.8M | $107.4M | ||
| Q3 24 | $105.7M | $96.2M | ||
| Q2 24 | $87.1M | $81.2M |
毛利率CHHRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% |
营业利润率CHHRGLD
| Q1 26 | 17.6% | — | ||
| Q4 25 | 26.0% | 56.2% | ||
| Q3 25 | 31.8% | 64.4% | ||
| Q2 25 | 29.2% | 67.7% | ||
| Q1 25 | 24.0% | 63.6% | ||
| Q4 24 | 30.6% | 65.9% | ||
| Q3 24 | 35.5% | 61.3% | ||
| Q2 24 | 30.5% | 58.6% |
净利率CHHRGLD
| Q1 26 | 5.9% | — | ||
| Q4 25 | 16.3% | 24.9% | ||
| Q3 25 | 40.2% | 50.3% | ||
| Q2 25 | 19.2% | 63.1% | ||
| Q1 25 | 13.4% | 58.7% | ||
| Q4 24 | 19.4% | 53.0% | ||
| Q3 24 | 24.7% | 49.7% | ||
| Q2 24 | 20.0% | 46.6% |
每股收益（稀释后）CHHRGLD
| Q1 26 | $0.44 | — | ||
| Q4 25 | $1.35 | $1.04 | ||
| Q3 25 | $3.86 | $1.92 | ||
| Q2 25 | $1.75 | $2.01 | ||
| Q1 25 | $0.94 | $1.72 | ||
| Q4 24 | $1.56 | $1.63 | ||
| Q3 24 | $2.22 | $1.46 | ||
| Q2 24 | $1.80 | $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 | $43.9M | $233.7M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $137.4M | $7.2B |
| 总资产 | $2.9B | $9.5B |
| 负债/权益比越低杠杆越低 | 14.58× | — |
8季度趋势，按日历期对齐
现金及短期投资CHHRGLD
| Q1 26 | $43.9M | — | ||
| Q4 25 | $45.0M | $233.7M | ||
| Q3 25 | $52.6M | $172.8M | ||
| Q2 25 | $58.6M | $248.2M | ||
| Q1 25 | $40.1M | $240.8M | ||
| Q4 24 | $40.2M | $195.5M | ||
| Q3 24 | $58.6M | $127.9M | ||
| Q2 24 | $60.4M | $74.2M |
总债务CHHRGLD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $0 | ||
| Q2 24 | $1.9B | $50.0M |
股东权益CHHRGLD
| Q1 26 | $137.4M | — | ||
| Q4 25 | $181.2M | $7.2B | ||
| Q3 25 | $149.8M | $3.4B | ||
| Q2 25 | $-26.2M | $3.3B | ||
| Q1 25 | $-63.9M | $3.2B | ||
| Q4 24 | $-45.3M | $3.1B | ||
| Q3 24 | $-96.2M | $3.0B | ||
| Q2 24 | $-146.8M | $3.0B |
总资产CHHRGLD
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $9.5B | ||
| Q3 25 | $2.9B | $4.5B | ||
| Q2 25 | $2.7B | $3.6B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.5B | $3.4B | ||
| Q3 24 | $2.5B | $3.3B | ||
| Q2 24 | $2.5B | $3.3B |
负债/权益比CHHRGLD
| Q1 26 | 14.58× | — | ||
| Q4 25 | 10.52× | — | ||
| Q3 25 | 12.81× | — | ||
| 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 | — | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CHHRGLD
| Q1 26 | — | — | ||
| Q4 25 | $85.7M | $241.7M | ||
| Q3 25 | $68.7M | $174.0M | ||
| Q2 25 | $95.6M | $152.8M | ||
| Q1 25 | $20.5M | $136.4M | ||
| Q4 24 | $82.9M | $141.1M | ||
| Q3 24 | $122.9M | $136.7M | ||
| Q2 24 | $111.9M | $113.5M |
自由现金流CHHRGLD
| Q1 26 | — | — | ||
| Q4 25 | $64.1M | — | ||
| Q3 25 | $49.1M | — | ||
| Q2 25 | $65.4M | — | ||
| Q1 25 | $-15.0M | — | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $92.6M | — | ||
| Q2 24 | $86.6M | — |
自由现金流率CHHRGLD
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.3% | — | ||
| Q1 25 | -4.5% | — | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 21.6% | — | ||
| Q2 24 | 19.9% | — |
资本支出强度CHHRGLD
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 5.8% | — |
现金转化率CHHRGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | 2.58× | ||
| Q3 25 | 0.38× | 1.37× | ||
| Q2 25 | 1.17× | 1.15× | ||
| Q1 25 | 0.46× | 1.20× | ||
| Q4 24 | 1.09× | 1.31× | ||
| Q3 24 | 1.16× | 1.42× | ||
| Q2 24 | 1.28× | 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
CHH
| Franchise and management fees | $149.6M | 44% |
| Other | $135.8M | 40% |
| Owned hotels | $30.4M | 9% |
| Partnership services and fees | $24.7M | 7% |
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% |
