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AMERICAS CARMART INC（CRMT）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AMERICAS CARMART INC的1.3倍（$375.3M vs $286.3M），ROYAL GOLD INC净利率更高（24.9% vs -7.8%，领先32.8%），ROYAL GOLD INC同比增速更快（85.3% vs 0.2%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 9.1%）
Americas CarMart Inc是美国专业汽车零售商，主要销售二手车，为信用记录有限或信用不佳的客户提供定制化内部融资方案，其线下门店网络集中在美国南部和中西部地区，服务购车市场中需求未被充分覆盖的消费群体。
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。
CRMT vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.3倍
$286.3M
营收增速更快
RGLD
高出85.1%
0.2%
净利率更高
RGLD
高出32.8%
-7.8%
两年增速更快
RGLD
近两年复合增速
9.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $286.3M | $375.3M |
| 净利润 | $-22.5M | $93.6M |
| 毛利率 | 37.5% | 64.6% |
| 营业利润率 | -9.6% | 56.2% |
| 净利率 | -7.8% | 24.9% |
| 营收同比 | 0.2% | 85.3% |
| 净利润同比 | -540.7% | -12.8% |
| 每股收益（稀释后） | $-2.71 | $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CRMTRGLD
| Q4 25 | $286.3M | $375.3M | ||
| Q3 25 | $276.2M | $252.1M | ||
| Q2 25 | $309.7M | $209.6M | ||
| Q1 25 | $263.5M | $193.4M | ||
| Q4 24 | $285.8M | $202.6M | ||
| Q3 24 | $287.2M | $193.8M | ||
| Q2 24 | $309.7M | $174.1M | ||
| Q1 24 | $240.4M | $148.9M |
净利润CRMTRGLD
| Q4 25 | $-22.5M | $93.6M | ||
| Q3 25 | $-5.7M | $126.8M | ||
| Q2 25 | $10.6M | $132.3M | ||
| Q1 25 | $3.2M | $113.5M | ||
| Q4 24 | $5.1M | $107.4M | ||
| Q3 24 | $-964.0K | $96.2M | ||
| Q2 24 | $426.0K | $81.2M | ||
| Q1 24 | $-8.5M | $47.2M |
毛利率CRMTRGLD
| Q4 25 | 37.5% | 64.6% | ||
| Q3 25 | 36.6% | 73.6% | ||
| Q2 25 | 36.4% | 72.6% | ||
| Q1 25 | 35.7% | 69.4% | ||
| Q4 24 | 39.4% | 70.3% | ||
| Q3 24 | 35.0% | 66.6% | ||
| Q2 24 | 35.1% | 64.7% | ||
| Q1 24 | 34.2% | 58.4% |
营业利润率CRMTRGLD
| Q4 25 | -9.6% | 56.2% | ||
| Q3 25 | -2.7% | 64.4% | ||
| Q2 25 | 4.0% | 67.7% | ||
| Q1 25 | 1.7% | 63.6% | ||
| Q4 24 | 2.5% | 65.9% | ||
| Q3 24 | -0.4% | 61.3% | ||
| Q2 24 | — | 58.6% | ||
| Q1 24 | -4.3% | 50.7% |
净利率CRMTRGLD
| Q4 25 | -7.8% | 24.9% | ||
| Q3 25 | -2.1% | 50.3% | ||
| Q2 25 | 3.4% | 63.1% | ||
| Q1 25 | 1.2% | 58.7% | ||
| Q4 24 | 1.8% | 53.0% | ||
| Q3 24 | -0.3% | 49.7% | ||
| Q2 24 | 0.1% | 46.6% | ||
| Q1 24 | -3.6% | 31.7% |
每股收益（稀释后）CRMTRGLD
| Q4 25 | $-2.71 | $1.04 | ||
| Q3 25 | $-0.69 | $1.92 | ||
| Q2 25 | $1.50 | $2.01 | ||
| Q1 25 | $0.37 | $1.72 | ||
| Q4 24 | $0.61 | $1.63 | ||
| Q3 24 | $-0.15 | $1.46 | ||
| Q2 24 | $0.09 | $1.23 | ||
| Q1 24 | $-1.34 | $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 | $122.4M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $555.0M | $7.2B |
| 总资产 | $1.7B | $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CRMTRGLD
| Q4 25 | $122.4M | $233.7M | ||
| Q3 25 | $9.7M | $172.8M | ||
| Q2 25 | $9.8M | $248.2M | ||
| Q1 25 | $8.5M | $240.8M | ||
| Q4 24 | $8.0M | $195.5M | ||
| Q3 24 | $4.7M | $127.9M | ||
| Q2 24 | $5.5M | $74.2M | ||
| Q1 24 | $4.2M | $137.9M |
总债务CRMTRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益CRMTRGLD
| Q4 25 | $555.0M | $7.2B | ||
| Q3 25 | $564.8M | $3.4B | ||
| Q2 25 | $569.4M | $3.3B | ||
| Q1 25 | $557.8M | $3.2B | ||
| Q4 24 | $553.6M | $3.1B | ||
| Q3 24 | $471.1M | $3.0B | ||
| Q2 24 | $470.6M | $3.0B | ||
| Q1 24 | $468.9M | $2.9B |
总资产CRMTRGLD
| Q4 25 | $1.7B | $9.5B | ||
| Q3 25 | $1.6B | $4.5B | ||
| Q2 25 | $1.6B | $3.6B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $1.6B | $3.4B | ||
| Q3 24 | $1.5B | $3.3B | ||
| Q2 24 | $1.5B | $3.3B | ||
| Q1 24 | $1.5B | $3.3B |
负债/权益比CRMTRGLD
| 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 | $9.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $8.3M | — |
| 自由现金流率自由现金流/营收 | 2.9% | — |
| 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 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-11.2M | — |
8季度趋势，按日历期对齐
经营现金流CRMTRGLD
| Q4 25 | $9.1M | $241.7M | ||
| Q3 25 | $-5.9M | $174.0M | ||
| Q2 25 | $19.2M | $152.8M | ||
| Q1 25 | $-30.8M | $136.4M | ||
| Q4 24 | $-22.2M | $141.1M | ||
| Q3 24 | $-15.0M | $136.7M | ||
| Q2 24 | $-10.7M | $113.5M | ||
| Q1 24 | $13.0M | $138.3M |
自由现金流CRMTRGLD
| Q4 25 | $8.3M | — | ||
| Q3 25 | $-6.4M | — | ||
| Q2 25 | $18.4M | — | ||
| Q1 25 | $-31.5M | — | ||
| Q4 24 | $-23.6M | — | ||
| Q3 24 | $-16.0M | — | ||
| Q2 24 | $-12.0M | — | ||
| Q1 24 | $10.2M | — |
自由现金流率CRMTRGLD
| Q4 25 | 2.9% | — | ||
| Q3 25 | -2.3% | — | ||
| Q2 25 | 5.9% | — | ||
| Q1 25 | -12.0% | — | ||
| Q4 24 | -8.3% | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | -3.9% | — | ||
| Q1 24 | 4.3% | — |
资本支出强度CRMTRGLD
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 1.1% | — |
现金转化率CRMTRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 1.81× | 1.15× | ||
| Q1 25 | -9.73× | 1.20× | ||
| Q4 24 | -4.36× | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | -25.18× | 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
CRMT
| Sales Used Autos | $241.4M | 84% |
| Service Contract Sales | $23.6M | 8% |
| Wholesales Third Party | $12.6M | 4% |
| Payment Protection Plan Revenue | $8.7M | 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% |
