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凌云逻辑（CRUS）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
凌云逻辑的季度营收约是ROYAL GOLD INC的1.5倍（$580.6M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 24.2%，领先0.8%），ROYAL GOLD INC同比增速更快（85.3% vs 4.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 25.0%）
凌云逻辑（Cirrus Logic）是美国无晶圆厂半导体供应商，专注于模拟、混合信号及音频数字信号处理集成电路的研发与供应，1998年起总部设立于得克萨斯州奥斯汀市，产品广泛应用于消费电子、智能音频等多个领域。
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。
CRUS vs RGLD — 直观对比
营收规模更大
CRUS
是对方的1.5倍
$375.3M
营收增速更快
RGLD
高出80.8%
4.5%
净利率更高
RGLD
高出0.8%
24.2%
两年增速更快
RGLD
近两年复合增速
25.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $580.6M | $375.3M |
| 净利润 | $140.3M | $93.6M |
| 毛利率 | 53.1% | 64.6% |
| 营业利润率 | 26.3% | 56.2% |
| 净利率 | 24.2% | 24.9% |
| 营收同比 | 4.5% | 85.3% |
| 净利润同比 | 21.0% | -12.8% |
| 每股收益（稀释后） | $2.66 | $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CRUSRGLD
| Q4 25 | $580.6M | $375.3M | ||
| Q3 25 | $561.0M | $252.1M | ||
| Q2 25 | $407.3M | $209.6M | ||
| Q1 25 | $424.5M | $193.4M | ||
| Q4 24 | $555.7M | $202.6M | ||
| Q3 24 | $541.9M | $193.8M | ||
| Q2 24 | $374.0M | $174.1M | ||
| Q1 24 | $371.8M | $148.9M |
净利润CRUSRGLD
| Q4 25 | $140.3M | $93.6M | ||
| Q3 25 | $131.6M | $126.8M | ||
| Q2 25 | $60.7M | $132.3M | ||
| Q1 25 | $71.3M | $113.5M | ||
| Q4 24 | $116.0M | $107.4M | ||
| Q3 24 | $102.1M | $96.2M | ||
| Q2 24 | $42.1M | $81.2M | ||
| Q1 24 | $44.8M | $47.2M |
毛利率CRUSRGLD
| Q4 25 | 53.1% | 64.6% | ||
| Q3 25 | 52.5% | 73.6% | ||
| Q2 25 | 52.6% | 72.6% | ||
| Q1 25 | 53.4% | 69.4% | ||
| Q4 24 | 53.6% | 70.3% | ||
| Q3 24 | 52.2% | 66.6% | ||
| Q2 24 | 50.5% | 64.7% | ||
| Q1 24 | 51.8% | 58.4% |
营业利润率CRUSRGLD
| Q4 25 | 26.3% | 56.2% | ||
| Q3 25 | 25.8% | 64.4% | ||
| Q2 25 | 17.8% | 67.7% | ||
| Q1 25 | 20.2% | 63.6% | ||
| Q4 24 | 26.2% | 65.9% | ||
| Q3 24 | 24.3% | 61.3% | ||
| Q2 24 | 12.5% | 58.6% | ||
| Q1 24 | 14.1% | 50.7% |
净利率CRUSRGLD
| Q4 25 | 24.2% | 24.9% | ||
| Q3 25 | 23.5% | 50.3% | ||
| Q2 25 | 14.9% | 63.1% | ||
| Q1 25 | 16.8% | 58.7% | ||
| Q4 24 | 20.9% | 53.0% | ||
| Q3 24 | 18.8% | 49.7% | ||
| Q2 24 | 11.3% | 46.6% | ||
| Q1 24 | 12.1% | 31.7% |
每股收益（稀释后）CRUSRGLD
| Q4 25 | $2.66 | $1.04 | ||
| Q3 25 | $2.48 | $1.92 | ||
| Q2 25 | $1.14 | $2.01 | ||
| Q1 25 | $1.30 | $1.72 | ||
| Q4 24 | $2.11 | $1.63 | ||
| Q3 24 | $1.83 | $1.46 | ||
| Q2 24 | $0.76 | $1.23 | ||
| Q1 24 | $0.78 | $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 | $778.1M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $7.2B |
| 总资产 | $2.5B | $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CRUSRGLD
| Q4 25 | $778.1M | $233.7M | ||
| Q3 25 | $593.5M | $172.8M | ||
| Q2 25 | $548.9M | $248.2M | ||
| Q1 25 | $539.6M | $240.8M | ||
| Q4 24 | $526.4M | $195.5M | ||
| Q3 24 | $445.8M | $127.9M | ||
| Q2 24 | $491.4M | $74.2M | ||
| Q1 24 | $502.8M | $137.9M |
总债务CRUSRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益CRUSRGLD
| Q4 25 | $2.1B | $7.2B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $1.9B | $3.3B | ||
| Q1 25 | $1.9B | $3.2B | ||
| Q4 24 | $2.0B | $3.1B | ||
| Q3 24 | $1.9B | $3.0B | ||
| Q2 24 | $1.8B | $3.0B | ||
| Q1 24 | $1.8B | $2.9B |
总资产CRUSRGLD
| Q4 25 | $2.5B | $9.5B | ||
| Q3 25 | $2.4B | $4.5B | ||
| Q2 25 | $2.3B | $3.6B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.4B | $3.3B | ||
| Q2 24 | $2.3B | $3.3B | ||
| Q1 24 | $2.2B | $3.3B |
负债/权益比CRUSRGLD
| 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 | $290.8M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $285.7M | — |
| 自由现金流率自由现金流/营收 | 49.2% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 2.07× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $614.5M | — |
8季度趋势，按日历期对齐
经营现金流CRUSRGLD
| Q4 25 | $290.8M | $241.7M | ||
| Q3 25 | $92.2M | $174.0M | ||
| Q2 25 | $116.1M | $152.8M | ||
| Q1 25 | $130.4M | $136.4M | ||
| Q4 24 | $218.6M | $141.1M | ||
| Q3 24 | $8.2M | $136.7M | ||
| Q2 24 | $87.2M | $113.5M | ||
| Q1 24 | $170.5M | $138.3M |
自由现金流CRUSRGLD
| Q4 25 | $285.7M | — | ||
| Q3 25 | $88.3M | — | ||
| Q2 25 | $113.5M | — | ||
| Q1 25 | $127.0M | — | ||
| Q4 24 | $211.9M | — | ||
| Q3 24 | $5.6M | — | ||
| Q2 24 | $77.2M | — | ||
| Q1 24 | $163.5M | — |
自由现金流率CRUSRGLD
| Q4 25 | 49.2% | — | ||
| Q3 25 | 15.7% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | 29.9% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 20.6% | — | ||
| Q1 24 | 44.0% | — |
资本支出强度CRUSRGLD
| Q4 25 | 0.9% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 1.9% | — |
现金转化率CRUSRGLD
| Q4 25 | 2.07× | 2.58× | ||
| Q3 25 | 0.70× | 1.37× | ||
| Q2 25 | 1.91× | 1.15× | ||
| Q1 25 | 1.83× | 1.20× | ||
| Q4 24 | 1.88× | 1.31× | ||
| Q3 24 | 0.08× | 1.42× | ||
| Q2 24 | 2.07× | 1.40× | ||
| Q1 24 | 3.80× | 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
CRUS
| Audio Products Segment | $344.5M | 59% |
| High Performance Mixed Signal Products | $236.2M | 41% |
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% |
