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California Resources Corp（CRC）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
California Resources Corp的季度营收约是ROYAL GOLD INC的1.8倍（$679.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 1.8%，领先23.2%），ROYAL GOLD INC同比增速更快（85.3% vs -17.8%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 25.8%）
加州资源集团是一家美国能源企业，主要在加州开展油气勘探业务。公司注册地为特拉华州，总部位于加州长滩，所持有的加州矿产地块面积是该州私有主体中的最高水平。
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。
CRC vs RGLD — 直观对比
营收规模更大
CRC
是对方的1.8倍
$375.3M
营收增速更快
RGLD
高出103.1%
-17.8%
净利率更高
RGLD
高出23.2%
1.8%
两年增速更快
RGLD
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $679.0M | $375.3M |
| 净利润 | $12.0M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 6.9% | 56.2% |
| 净利率 | 1.8% | 24.9% |
| 营收同比 | -17.8% | 85.3% |
| 净利润同比 | -63.6% | -12.8% |
| 每股收益（稀释后） | $0.21 | $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CRCRGLD
| Q4 25 | $679.0M | $375.3M | ||
| Q3 25 | $715.0M | $252.1M | ||
| Q2 25 | $702.0M | $209.6M | ||
| Q1 25 | $814.0M | $193.4M | ||
| Q4 24 | $826.0M | $202.6M | ||
| Q3 24 | $870.0M | $193.8M | ||
| Q2 24 | $412.0M | $174.1M | ||
| Q1 24 | $429.0M | $148.9M |
净利润CRCRGLD
| Q4 25 | $12.0M | $93.6M | ||
| Q3 25 | $64.0M | $126.8M | ||
| Q2 25 | $172.0M | $132.3M | ||
| Q1 25 | $115.0M | $113.5M | ||
| Q4 24 | $33.0M | $107.4M | ||
| Q3 24 | $345.0M | $96.2M | ||
| Q2 24 | $8.0M | $81.2M | ||
| Q1 24 | $-10.0M | $47.2M |
毛利率CRCRGLD
| 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% | ||
| Q1 24 | — | 58.4% |
营业利润率CRCRGLD
| Q4 25 | 6.9% | 56.2% | ||
| Q3 25 | 13.7% | 64.4% | ||
| Q2 25 | 38.0% | 67.7% | ||
| Q1 25 | 22.9% | 63.6% | ||
| Q4 24 | 8.2% | 65.9% | ||
| Q3 24 | 59.5% | 61.3% | ||
| Q2 24 | 9.2% | 58.6% | ||
| Q1 24 | -0.9% | 50.7% |
净利率CRCRGLD
| Q4 25 | 1.8% | 24.9% | ||
| Q3 25 | 9.0% | 50.3% | ||
| Q2 25 | 24.5% | 63.1% | ||
| Q1 25 | 14.1% | 58.7% | ||
| Q4 24 | 4.0% | 53.0% | ||
| Q3 24 | 39.7% | 49.7% | ||
| Q2 24 | 1.9% | 46.6% | ||
| Q1 24 | -2.3% | 31.7% |
每股收益（稀释后）CRCRGLD
| Q4 25 | $0.21 | $1.04 | ||
| Q3 25 | $0.76 | $1.92 | ||
| Q2 25 | $1.92 | $2.01 | ||
| Q1 25 | $1.26 | $1.72 | ||
| Q4 24 | $0.87 | $1.63 | ||
| Q3 24 | $3.78 | $1.46 | ||
| Q2 24 | $0.11 | $1.23 | ||
| Q1 24 | $-0.14 | $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 | $132.0M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $7.2B |
| 总资产 | $7.4B | $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CRCRGLD
| Q4 25 | $132.0M | $233.7M | ||
| Q3 25 | $196.0M | $172.8M | ||
| Q2 25 | $72.0M | $248.2M | ||
| Q1 25 | $214.0M | $240.8M | ||
| Q4 24 | $372.0M | $195.5M | ||
| Q3 24 | $241.0M | $127.9M | ||
| Q2 24 | $1.0B | $74.2M | ||
| Q1 24 | $403.0M | $137.9M |
总债务CRCRGLD
| Q4 25 | — | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $0 | ||
| Q2 24 | $1.2B | $50.0M | ||
| Q1 24 | $541.0M | — |
股东权益CRCRGLD
| Q4 25 | $3.7B | $7.2B | ||
| Q3 25 | $3.4B | $3.4B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $3.5B | $3.2B | ||
| Q4 24 | $3.5B | $3.1B | ||
| Q3 24 | $3.5B | $3.0B | ||
| Q2 24 | $2.1B | $3.0B | ||
| Q1 24 | $2.1B | $2.9B |
总资产CRCRGLD
| Q4 25 | $7.4B | $9.5B | ||
| Q3 25 | $6.8B | $4.5B | ||
| Q2 25 | $6.7B | $3.6B | ||
| Q1 25 | $6.8B | $3.5B | ||
| Q4 24 | $7.1B | $3.4B | ||
| Q3 24 | $7.1B | $3.3B | ||
| Q2 24 | $4.5B | $3.3B | ||
| Q1 24 | $3.9B | $3.3B |
负债/权益比CRCRGLD
| Q4 25 | — | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | 0.00× | ||
| Q2 24 | 0.57× | 0.02× | ||
| Q1 24 | 0.26× | — |
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 | $235.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $115.0M | — |
| 自由现金流率自由现金流/营收 | 16.9% | — |
| 资本支出强度资本支出/营收 | 17.7% | — |
| 现金转化率经营现金流/净利润 | 19.58× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $543.0M | — |
8季度趋势，按日历期对齐
经营现金流CRCRGLD
| Q4 25 | $235.0M | $241.7M | ||
| Q3 25 | $279.0M | $174.0M | ||
| Q2 25 | $165.0M | $152.8M | ||
| Q1 25 | $186.0M | $136.4M | ||
| Q4 24 | $206.0M | $141.1M | ||
| Q3 24 | $220.0M | $136.7M | ||
| Q2 24 | $97.0M | $113.5M | ||
| Q1 24 | $87.0M | $138.3M |
自由现金流CRCRGLD
| Q4 25 | $115.0M | — | ||
| Q3 25 | $188.0M | — | ||
| Q2 25 | $109.0M | — | ||
| Q1 25 | $131.0M | — | ||
| Q4 24 | $118.0M | — | ||
| Q3 24 | $141.0M | — | ||
| Q2 24 | $63.0M | — | ||
| Q1 24 | $33.0M | — |
自由现金流率CRCRGLD
| Q4 25 | 16.9% | — | ||
| Q3 25 | 26.3% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 16.1% | — | ||
| Q4 24 | 14.3% | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 7.7% | — |
资本支出强度CRCRGLD
| Q4 25 | 17.7% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 9.1% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 12.6% | — |
现金转化率CRCRGLD
| Q4 25 | 19.58× | 2.58× | ||
| Q3 25 | 4.36× | 1.37× | ||
| Q2 25 | 0.96× | 1.15× | ||
| Q1 25 | 1.62× | 1.20× | ||
| Q4 24 | 6.24× | 1.31× | ||
| Q3 24 | 0.64× | 1.42× | ||
| Q2 24 | 12.13× | 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
CRC
| Oil And Natural Gas Segment | $645.0M | 95% |
| Natural Gas Production | $26.0M | 4% |
| Other | $7.0M | 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% |
