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PC CONNECTION INC（CNXN）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
PC CONNECTION INC的季度营收约是ROYAL GOLD INC的1.9倍（$702.9M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 2.9%，领先22.0%），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 5.5%）
PC Connection Inc.（商用名称为Connection）总部位于美国新罕布什尔州梅里马克，现有员工超2600人，在售产品超过46万种，是一家深耕IT相关产品供应与服务的企业，为不同客户群体提供多元的产品选择与配套支持。
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。
CNXN vs RGLD — 直观对比
营收规模更大
CNXN
是对方的1.9倍
$375.3M
营收增速更快
RGLD
高出86.1%
-0.8%
净利率更高
RGLD
高出22.0%
2.9%
两年增速更快
RGLD
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $702.9M | $375.3M |
| 净利润 | $20.7M | $93.6M |
| 毛利率 | 19.3% | 64.6% |
| 营业利润率 | 3.4% | 56.2% |
| 净利率 | 2.9% | 24.9% |
| 营收同比 | -0.8% | 85.3% |
| 净利润同比 | -0.0% | -12.8% |
| 每股收益（稀释后） | $0.82 | $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CNXNRGLD
| Q4 25 | $702.9M | $375.3M | ||
| Q3 25 | $709.1M | $252.1M | ||
| Q2 25 | $759.7M | $209.6M | ||
| Q1 25 | $701.0M | $193.4M | ||
| Q4 24 | $708.9M | $202.6M | ||
| Q3 24 | $724.7M | $193.8M | ||
| Q2 24 | $736.5M | $174.1M | ||
| Q1 24 | $632.0M | $148.9M |
净利润CNXNRGLD
| Q4 25 | $20.7M | $93.6M | ||
| Q3 25 | $24.7M | $126.8M | ||
| Q2 25 | $24.8M | $132.3M | ||
| Q1 25 | $13.5M | $113.5M | ||
| Q4 24 | $20.7M | $107.4M | ||
| Q3 24 | $27.1M | $96.2M | ||
| Q2 24 | $26.2M | $81.2M | ||
| Q1 24 | $13.2M | $47.2M |
毛利率CNXNRGLD
| Q4 25 | 19.3% | 64.6% | ||
| Q3 25 | 19.6% | 73.6% | ||
| Q2 25 | 18.1% | 72.6% | ||
| Q1 25 | 18.2% | 69.4% | ||
| Q4 24 | 18.3% | 70.3% | ||
| Q3 24 | 18.7% | 66.6% | ||
| Q2 24 | 18.5% | 64.7% | ||
| Q1 24 | 18.7% | 58.4% |
营业利润率CNXNRGLD
| Q4 25 | 3.4% | 56.2% | ||
| Q3 25 | 4.3% | 64.4% | ||
| Q2 25 | 4.1% | 67.7% | ||
| Q1 25 | 2.1% | 63.6% | ||
| Q4 24 | 3.2% | 65.9% | ||
| Q3 24 | 4.1% | 61.3% | ||
| Q2 24 | 4.2% | 58.6% | ||
| Q1 24 | 2.1% | 50.7% |
净利率CNXNRGLD
| Q4 25 | 2.9% | 24.9% | ||
| Q3 25 | 3.5% | 50.3% | ||
| Q2 25 | 3.3% | 63.1% | ||
| Q1 25 | 1.9% | 58.7% | ||
| Q4 24 | 2.9% | 53.0% | ||
| Q3 24 | 3.7% | 49.7% | ||
| Q2 24 | 3.6% | 46.6% | ||
| Q1 24 | 2.1% | 31.7% |
每股收益（稀释后）CNXNRGLD
| Q4 25 | $0.82 | $1.04 | ||
| Q3 25 | $0.97 | $1.92 | ||
| Q2 25 | $0.97 | $2.01 | ||
| Q1 25 | $0.51 | $1.72 | ||
| Q4 24 | $0.78 | $1.63 | ||
| Q3 24 | $1.02 | $1.46 | ||
| Q2 24 | $0.99 | $1.23 | ||
| Q1 24 | $0.50 | $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 | $406.7M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $910.1M | $7.2B |
| 总资产 | $1.4B | $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CNXNRGLD
| Q4 25 | $406.7M | $233.7M | ||
| Q3 25 | $399.2M | $172.8M | ||
| Q2 25 | $346.1M | $248.2M | ||
| Q1 25 | $340.3M | $240.8M | ||
| Q4 24 | $442.6M | $195.5M | ||
| Q3 24 | $429.1M | $127.9M | ||
| Q2 24 | $385.8M | $74.2M | ||
| Q1 24 | $352.0M | $137.9M |
总债务CNXNRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益CNXNRGLD
| Q4 25 | $910.1M | $7.2B | ||
| Q3 25 | $902.7M | $3.4B | ||
| Q2 25 | $884.8M | $3.3B | ||
| Q1 25 | $877.0M | $3.2B | ||
| Q4 24 | $911.0M | $3.1B | ||
| Q3 24 | $897.4M | $3.0B | ||
| Q2 24 | $874.9M | $3.0B | ||
| Q1 24 | $852.7M | $2.9B |
总资产CNXNRGLD
| Q4 25 | $1.4B | $9.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $3.6B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.3B | $3.3B | ||
| Q2 24 | $1.3B | $3.3B | ||
| Q1 24 | $1.2B | $3.3B |
负债/权益比CNXNRGLD
| 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 | $27.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $25.2M | — |
| 自由现金流率自由现金流/营收 | 3.6% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.32× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $58.0M | — |
8季度趋势，按日历期对齐
经营现金流CNXNRGLD
| Q4 25 | $27.4M | $241.7M | ||
| Q3 25 | $64.1M | $174.0M | ||
| Q2 25 | $26.3M | $152.8M | ||
| Q1 25 | $-52.4M | $136.4M | ||
| Q4 24 | $25.2M | $141.1M | ||
| Q3 24 | $52.9M | $136.7M | ||
| Q2 24 | $38.4M | $113.5M | ||
| Q1 24 | $57.3M | $138.3M |
自由现金流CNXNRGLD
| Q4 25 | $25.2M | — | ||
| Q3 25 | $62.3M | — | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-54.1M | — | ||
| Q4 24 | $22.9M | — | ||
| Q3 24 | $51.2M | — | ||
| Q2 24 | $36.6M | — | ||
| Q1 24 | $55.7M | — |
自由现金流率CNXNRGLD
| Q4 25 | 3.6% | — | ||
| Q3 25 | 8.8% | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | -7.7% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 8.8% | — |
资本支出强度CNXNRGLD
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
现金转化率CNXNRGLD
| Q4 25 | 1.32× | 2.58× | ||
| Q3 25 | 2.59× | 1.37× | ||
| Q2 25 | 1.06× | 1.15× | ||
| Q1 25 | -3.89× | 1.20× | ||
| Q4 24 | 1.22× | 1.31× | ||
| Q3 24 | 1.96× | 1.42× | ||
| Q2 24 | 1.47× | 1.40× | ||
| Q1 24 | 4.35× | 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
CNXN
| Small And Medium Sized Businesses Segment | $273.5M | 39% |
| Notebooks And Mobility | $108.6M | 15% |
| Public Sector | $90.8M | 13% |
| Accessories | $46.4M | 7% |
| Desktops | $44.5M | 6% |
| Displays And Sounds | $37.1M | 5% |
| Software | $32.3M | 5% |
| Other Hardware And Services | $30.7M | 4% |
| Net And Com | $21.4M | 3% |
| Servers And Storage | $17.6M | 3% |
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% |
