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Compass Diversified Holdings（CODI）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
Compass Diversified Holdings的季度营收约是ROYAL GOLD INC的1.2倍（$468.6M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -16.8%，领先41.8%），ROYAL GOLD INC同比增速更快（85.3% vs -5.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 6.8%）
Compass Diversified Holdings是一家上市控股公司，专注于收购和运营中端市场企业，业务覆盖消费品、工业制造、户外休闲、食品饮料等多个领域，通过与被投企业管理团队合作，推动长期运营增长与价值创造，主要服务北美市场。
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。
CODI vs RGLD — 直观对比
营收规模更大
CODI
是对方的1.2倍
$375.3M
营收增速更快
RGLD
高出90.4%
-5.1%
净利率更高
RGLD
高出41.8%
-16.8%
两年增速更快
RGLD
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $468.6M | $375.3M |
| 净利润 | $-78.8M | $93.6M |
| 毛利率 | 43.1% | 64.6% |
| 营业利润率 | 9.8% | 56.2% |
| 净利率 | -16.8% | 24.9% |
| 营收同比 | -5.1% | 85.3% |
| 净利润同比 | -14.4% | -12.8% |
| 每股收益（稀释后） | $-0.91 | $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CODIRGLD
| Q4 25 | $468.6M | $375.3M | ||
| Q3 25 | $472.6M | $252.1M | ||
| Q2 25 | $478.7M | $209.6M | ||
| Q1 25 | $453.8M | $193.4M | ||
| Q4 24 | $493.9M | $202.6M | ||
| Q3 24 | $456.6M | $193.8M | ||
| Q2 24 | $426.7M | $174.1M | ||
| Q1 24 | $410.8M | $148.9M |
净利润CODIRGLD
| Q4 25 | $-78.8M | $93.6M | ||
| Q3 25 | $-74.0M | $126.8M | ||
| Q2 25 | $-51.2M | $132.3M | ||
| Q1 25 | $-30.0M | $113.5M | ||
| Q4 24 | $-68.9M | $107.4M | ||
| Q3 24 | $-36.0M | $96.2M | ||
| Q2 24 | $-73.1M | $81.2M | ||
| Q1 24 | $-56.2M | $47.2M |
毛利率CODIRGLD
| Q4 25 | 43.1% | 64.6% | ||
| Q3 25 | 44.0% | 73.6% | ||
| Q2 25 | 43.6% | 72.6% | ||
| Q1 25 | 43.2% | 69.4% | ||
| Q4 24 | 38.6% | 70.3% | ||
| Q3 24 | 43.1% | 66.6% | ||
| Q2 24 | 44.1% | 64.7% | ||
| Q1 24 | 42.6% | 58.4% |
营业利润率CODIRGLD
| Q4 25 | 9.8% | 56.2% | ||
| Q3 25 | -2.3% | 64.4% | ||
| Q2 25 | -5.7% | 67.7% | ||
| Q1 25 | 0.8% | 63.6% | ||
| Q4 24 | -3.8% | 65.9% | ||
| Q3 24 | 1.8% | 61.3% | ||
| Q2 24 | 1.8% | 58.6% | ||
| Q1 24 | -2.9% | 50.7% |
净利率CODIRGLD
| Q4 25 | -16.8% | 24.9% | ||
| Q3 25 | -15.7% | 50.3% | ||
| Q2 25 | -10.7% | 63.1% | ||
| Q1 25 | -6.6% | 58.7% | ||
| Q4 24 | -13.9% | 53.0% | ||
| Q3 24 | -7.9% | 49.7% | ||
| Q2 24 | -17.1% | 46.6% | ||
| Q1 24 | -13.7% | 31.7% |
每股收益（稀释后）CODIRGLD
| Q4 25 | $-0.91 | $1.04 | ||
| Q3 25 | $-1.21 | $1.92 | ||
| Q2 25 | $-0.88 | $2.01 | ||
| Q1 25 | $-0.59 | $1.72 | ||
| Q4 24 | $-0.57 | $1.63 | ||
| Q3 24 | $-0.62 | $1.46 | ||
| Q2 24 | $-1.12 | $1.23 | ||
| Q1 24 | $-1.52 | $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 | $68.0M | $233.7M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $442.0M | $7.2B |
| 总资产 | $3.0B | $9.5B |
| 负债/权益比越低杠杆越低 | 4.25× | — |
8季度趋势，按日历期对齐
现金及短期投资CODIRGLD
| Q4 25 | $68.0M | $233.7M | ||
| Q3 25 | $61.1M | $172.8M | ||
| Q2 25 | $73.8M | $248.2M | ||
| Q1 25 | $146.2M | $240.8M | ||
| Q4 24 | $59.7M | $195.5M | ||
| Q3 24 | $64.9M | $127.9M | ||
| Q2 24 | $61.5M | $74.2M | ||
| Q1 24 | $59.5M | $137.9M |
总债务CODIRGLD
| 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 | $1.7B | $50.0M | ||
| Q1 24 | $1.7B | — |
股东权益CODIRGLD
| Q4 25 | $442.0M | $7.2B | ||
| Q3 25 | $519.2M | $3.4B | ||
| Q2 25 | $601.9M | $3.3B | ||
| Q1 25 | $680.7M | $3.2B | ||
| Q4 24 | $678.6M | $3.1B | ||
| Q3 24 | $672.2M | $3.0B | ||
| Q2 24 | $711.3M | $3.0B | ||
| Q1 24 | $799.7M | $2.9B |
总资产CODIRGLD
| Q4 25 | $3.0B | $9.5B | ||
| Q3 25 | $3.2B | $4.5B | ||
| Q2 25 | $3.3B | $3.6B | ||
| Q1 25 | $3.4B | $3.5B | ||
| Q4 24 | $3.3B | $3.4B | ||
| Q3 24 | $3.3B | $3.3B | ||
| Q2 24 | $3.2B | $3.3B | ||
| Q1 24 | $3.3B | $3.3B |
负债/权益比CODIRGLD
| Q4 25 | 4.25× | — | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 3.09× | — | ||
| Q1 25 | 2.73× | — | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.64× | 0.00× | ||
| Q2 24 | 2.42× | 0.02× | ||
| Q1 24 | 2.15× | — |
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 | $47.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $36.9M | — |
| 自由现金流率自由现金流/营收 | 7.9% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 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 | $-51.1M | — |
8季度趋势，按日历期对齐
经营现金流CODIRGLD
| Q4 25 | $47.0M | $241.7M | ||
| Q3 25 | $10.7M | $174.0M | ||
| Q2 25 | $-35.2M | $152.8M | ||
| Q1 25 | $-29.3M | $136.4M | ||
| Q4 24 | $-16.1M | $141.1M | ||
| Q3 24 | $-48.4M | $136.7M | ||
| Q2 24 | $-61.3M | $113.5M | ||
| Q1 24 | $-25.4M | $138.3M |
自由现金流CODIRGLD
| Q4 25 | $36.9M | — | ||
| Q3 25 | $481.0K | — | ||
| Q2 25 | $-46.0M | — | ||
| Q1 25 | $-42.4M | — | ||
| Q4 24 | $-39.0M | — | ||
| Q3 24 | $-63.5M | — | ||
| Q2 24 | $-72.2M | — | ||
| Q1 24 | $-33.1M | — |
自由现金流率CODIRGLD
| Q4 25 | 7.9% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | -9.6% | — | ||
| Q1 25 | -9.4% | — | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | -13.9% | — | ||
| Q2 24 | -16.9% | — | ||
| Q1 24 | -8.1% | — |
资本支出强度CODIRGLD
| Q4 25 | 2.2% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 1.9% | — |
现金转化率CODIRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 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
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 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% |
