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CAVCO INDUSTRIES, INC.（CVCO）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
CAVCO INDUSTRIES, INC.的季度营收约是ROYAL GOLD INC的1.5倍（$581.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 7.6%，领先17.4%），ROYAL GOLD INC同比增速更快（85.3% vs 11.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 17.6%）
Cavco工业是总部位于美国亚利桑那州凤凰城的制造企业，主营模块化住宅、休闲房车、度假木屋及预制房屋产品，在美国各地布局有完善的制造工厂与零售门店网络，可满足多元居住及休闲场景的使用需求。
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。
CVCO vs RGLD — 直观对比
营收规模更大
CVCO
是对方的1.5倍
$375.3M
营收增速更快
RGLD
高出74.0%
11.3%
净利率更高
RGLD
高出17.4%
7.6%
两年增速更快
RGLD
近两年复合增速
17.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $581.0M | $375.3M |
| 净利润 | $44.1M | $93.6M |
| 毛利率 | 23.4% | 64.6% |
| 营业利润率 | 9.4% | 56.2% |
| 净利率 | 7.6% | 24.9% |
| 营收同比 | 11.3% | 85.3% |
| 净利润同比 | -22.0% | -12.8% |
| 每股收益（稀释后） | $5.58 | $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CVCORGLD
| Q4 25 | $581.0M | $375.3M | ||
| Q3 25 | $556.5M | $252.1M | ||
| Q2 25 | $556.9M | $209.6M | ||
| Q1 25 | $508.4M | $193.4M | ||
| Q4 24 | $522.0M | $202.6M | ||
| Q3 24 | $507.5M | $193.8M | ||
| Q2 24 | $477.6M | $174.1M | ||
| Q1 24 | $420.1M | $148.9M |
净利润CVCORGLD
| Q4 25 | $44.1M | $93.6M | ||
| Q3 25 | $52.4M | $126.8M | ||
| Q2 25 | $51.6M | $132.3M | ||
| Q1 25 | $36.3M | $113.5M | ||
| Q4 24 | $56.5M | $107.4M | ||
| Q3 24 | $43.8M | $96.2M | ||
| Q2 24 | $34.4M | $81.2M | ||
| Q1 24 | $33.9M | $47.2M |
毛利率CVCORGLD
| Q4 25 | 23.4% | 64.6% | ||
| Q3 25 | 24.2% | 73.6% | ||
| Q2 25 | 23.3% | 72.6% | ||
| Q1 25 | 22.8% | 69.4% | ||
| Q4 24 | 24.9% | 70.3% | ||
| Q3 24 | 22.9% | 66.6% | ||
| Q2 24 | 21.7% | 64.7% | ||
| Q1 24 | 23.6% | 58.4% |
营业利润率CVCORGLD
| Q4 25 | 9.4% | 56.2% | ||
| Q3 25 | 11.2% | 64.4% | ||
| Q2 25 | 10.8% | 67.7% | ||
| Q1 25 | 7.6% | 63.6% | ||
| Q4 24 | 12.3% | 65.9% | ||
| Q3 24 | 9.7% | 61.3% | ||
| Q2 24 | 8.1% | 58.6% | ||
| Q1 24 | 8.9% | 50.7% |
净利率CVCORGLD
| Q4 25 | 7.6% | 24.9% | ||
| Q3 25 | 9.4% | 50.3% | ||
| Q2 25 | 9.3% | 63.1% | ||
| Q1 25 | 7.1% | 58.7% | ||
| Q4 24 | 10.8% | 53.0% | ||
| Q3 24 | 8.6% | 49.7% | ||
| Q2 24 | 7.2% | 46.6% | ||
| Q1 24 | 8.1% | 31.7% |
每股收益（稀释后）CVCORGLD
| Q4 25 | $5.58 | $1.04 | ||
| Q3 25 | $6.55 | $1.92 | ||
| Q2 25 | $6.42 | $2.01 | ||
| Q1 25 | $4.42 | $1.72 | ||
| Q4 24 | $6.90 | $1.63 | ||
| Q3 24 | $5.28 | $1.46 | ||
| Q2 24 | $4.11 | $1.23 | ||
| Q1 24 | $4.05 | $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 | $241.9M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $7.2B |
| 总资产 | $1.5B | $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CVCORGLD
| Q4 25 | $241.9M | $233.7M | ||
| Q3 25 | $391.8M | $172.8M | ||
| Q2 25 | $362.4M | $248.2M | ||
| Q1 25 | $376.1M | $240.8M | ||
| Q4 24 | $378.9M | $195.5M | ||
| Q3 24 | $388.7M | $127.9M | ||
| Q2 24 | $380.0M | $74.2M | ||
| Q1 24 | $371.0M | $137.9M |
总债务CVCORGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益CVCORGLD
| Q4 25 | $1.1B | $7.2B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $1.1B | $3.3B | ||
| Q1 25 | $1.1B | $3.2B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.0B | $3.0B | ||
| Q2 24 | $1.0B | $3.0B | ||
| Q1 24 | $1.0B | $2.9B |
总资产CVCORGLD
| Q4 25 | $1.5B | $9.5B | ||
| Q3 25 | $1.4B | $4.5B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $3.4B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $1.4B | $3.3B | ||
| Q1 24 | $1.4B | $3.3B |
负债/权益比CVCORGLD
| 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 | $66.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $57.6M | — |
| 自由现金流率自由现金流/营收 | 9.9% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | 1.50× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $205.3M | — |
8季度趋势，按日历期对齐
经营现金流CVCORGLD
| Q4 25 | $66.1M | $241.7M | ||
| Q3 25 | $78.5M | $174.0M | ||
| Q2 25 | $55.5M | $152.8M | ||
| Q1 25 | $38.6M | $136.4M | ||
| Q4 24 | $37.8M | $141.1M | ||
| Q3 24 | $54.7M | $136.7M | ||
| Q2 24 | $47.4M | $113.5M | ||
| Q1 24 | — | $138.3M |
自由现金流CVCORGLD
| Q4 25 | $57.6M | — | ||
| Q3 25 | $68.7M | — | ||
| Q2 25 | $46.4M | — | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | $32.3M | — | ||
| Q3 24 | $49.8M | — | ||
| Q2 24 | $42.4M | — | ||
| Q1 24 | — | — |
自由现金流率CVCORGLD
| Q4 25 | 9.9% | — | ||
| Q3 25 | 12.4% | — | ||
| Q2 25 | 8.3% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 9.8% | — | ||
| Q2 24 | 8.9% | — | ||
| Q1 24 | — | — |
资本支出强度CVCORGLD
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | — | — |
现金转化率CVCORGLD
| Q4 25 | 1.50× | 2.58× | ||
| Q3 25 | 1.50× | 1.37× | ||
| Q2 25 | 1.08× | 1.15× | ||
| Q1 25 | 1.06× | 1.20× | ||
| Q4 24 | 0.67× | 1.31× | ||
| Q3 24 | 1.25× | 1.42× | ||
| Q2 24 | 1.38× | 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
CVCO
| Manufactured Product Other | $532.5M | 92% |
| Other | $26.0M | 4% |
| Financial Service Other | $20.5M | 4% |
| Insurance Agency Commissions | $2.0M | 0% |
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% |
