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COMMVAULT SYSTEMS INC（CVLT）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COMMVAULT SYSTEMS INC的1.2倍（$375.3M vs $311.7M），ROYAL GOLD INC净利率更高（24.9% vs 4.7%，领先20.2%），ROYAL GOLD INC同比增速更快（85.3% vs 13.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 17.8%）
Commvault Systems Inc.是美国上市的网络安全与数据保护软件企业，核心业务覆盖数据安全、云服务及基础设施管理领域，旗下方案广泛应用于各类企业的数据资产防护与IT架构运维场景，助力客户降低数据风险、提升云环境运营效率。
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。
CVLT vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.2倍
$311.7M
营收增速更快
RGLD
高出72.0%
13.3%
净利率更高
RGLD
高出20.2%
4.7%
两年增速更快
RGLD
近两年复合增速
17.8%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $311.7M | $375.3M |
| 净利润 | $14.6M | $93.6M |
| 毛利率 | 81.4% | 64.6% |
| 营业利润率 | 5.3% | 56.2% |
| 净利率 | 4.7% | 24.9% |
| 营收同比 | 13.3% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $0.34 | $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CVLTRGLD
| Q1 26 | $311.7M | — | ||
| Q4 25 | $313.8M | $375.3M | ||
| Q3 25 | $276.2M | $252.1M | ||
| Q2 25 | $282.0M | $209.6M | ||
| Q1 25 | $275.0M | $193.4M | ||
| Q4 24 | $262.6M | $202.6M | ||
| Q3 24 | $233.3M | $193.8M | ||
| Q2 24 | $224.7M | $174.1M |
净利润CVLTRGLD
| Q1 26 | $14.6M | — | ||
| Q4 25 | $17.8M | $93.6M | ||
| Q3 25 | $14.7M | $126.8M | ||
| Q2 25 | $23.5M | $132.3M | ||
| Q1 25 | $31.0M | $113.5M | ||
| Q4 24 | $11.0M | $107.4M | ||
| Q3 24 | $15.6M | $96.2M | ||
| Q2 24 | $18.5M | $81.2M |
毛利率CVLTRGLD
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.1% | 64.6% | ||
| Q3 25 | 80.1% | 73.6% | ||
| Q2 25 | 82.0% | 72.6% | ||
| Q1 25 | 82.6% | 69.4% | ||
| Q4 24 | 81.5% | 70.3% | ||
| Q3 24 | 81.6% | 66.6% | ||
| Q2 24 | 82.3% | 64.7% |
营业利润率CVLTRGLD
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | 56.2% | ||
| Q3 25 | 4.5% | 64.4% | ||
| Q2 25 | 8.9% | 67.7% | ||
| Q1 25 | 9.7% | 63.6% | ||
| Q4 24 | 5.2% | 65.9% | ||
| Q3 24 | 6.4% | 61.3% | ||
| Q2 24 | 8.2% | 58.6% |
净利率CVLTRGLD
| Q1 26 | 4.7% | — | ||
| Q4 25 | 5.7% | 24.9% | ||
| Q3 25 | 5.3% | 50.3% | ||
| Q2 25 | 8.3% | 63.1% | ||
| Q1 25 | 11.3% | 58.7% | ||
| Q4 24 | 4.2% | 53.0% | ||
| Q3 24 | 6.7% | 49.7% | ||
| Q2 24 | 8.2% | 46.6% |
每股收益（稀释后）CVLTRGLD
| Q1 26 | $0.34 | — | ||
| Q4 25 | $0.40 | $1.04 | ||
| Q3 25 | $0.33 | $1.92 | ||
| Q2 25 | $0.52 | $2.01 | ||
| Q1 25 | $0.68 | $1.72 | ||
| Q4 24 | $0.24 | $1.63 | ||
| Q3 24 | $0.35 | $1.46 | ||
| Q2 24 | $0.41 | $1.23 |
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 | $900.0M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.5M | $7.2B |
| 总资产 | $1.9B | $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CVLTRGLD
| Q1 26 | $900.0M | — | ||
| Q4 25 | $1.0B | $233.7M | ||
| Q3 25 | $1.1B | $172.8M | ||
| Q2 25 | $363.2M | $248.2M | ||
| Q1 25 | $302.1M | $240.8M | ||
| Q4 24 | $243.6M | $195.5M | ||
| Q3 24 | $303.1M | $127.9M | ||
| Q2 24 | $287.9M | $74.2M |
总债务CVLTRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益CVLTRGLD
| Q1 26 | $7.5M | — | ||
| Q4 25 | $216.7M | $7.2B | ||
| Q3 25 | $210.5M | $3.4B | ||
| Q2 25 | $364.7M | $3.3B | ||
| Q1 25 | $325.1M | $3.2B | ||
| Q4 24 | $287.8M | $3.1B | ||
| Q3 24 | $277.8M | $3.0B | ||
| Q2 24 | $281.8M | $3.0B |
总资产CVLTRGLD
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $9.5B | ||
| Q3 25 | $1.9B | $4.5B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $958.5M | $3.3B | ||
| Q2 24 | $934.9M | $3.3B |
负债/权益比CVLTRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
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 | $132.2M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | — |
| 自由现金流率自由现金流/营收 | 42.3% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 9.02× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $237.2M | — |
8季度趋势，按日历期对齐
经营现金流CVLTRGLD
| Q1 26 | $132.2M | — | ||
| Q4 25 | $4.0M | $241.7M | ||
| Q3 25 | $76.8M | $174.0M | ||
| Q2 25 | $31.7M | $152.8M | ||
| Q1 25 | $77.0M | $136.4M | ||
| Q4 24 | $30.1M | $141.1M | ||
| Q3 24 | $55.6M | $136.7M | ||
| Q2 24 | $44.7M | $113.5M |
自由现金流CVLTRGLD
| Q1 26 | $131.8M | — | ||
| Q4 25 | $1.9M | — | ||
| Q3 25 | $73.6M | — | ||
| Q2 25 | $29.8M | — | ||
| Q1 25 | $76.2M | — | ||
| Q4 24 | $29.9M | — | ||
| Q3 24 | $53.7M | — | ||
| Q2 24 | $43.8M | — |
自由现金流率CVLTRGLD
| Q1 26 | 42.3% | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 26.6% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 27.7% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 23.0% | — | ||
| Q2 24 | 19.5% | — |
资本支出强度CVLTRGLD
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.4% | — |
现金转化率CVLTRGLD
| Q1 26 | 9.02× | — | ||
| Q4 25 | 0.23× | 2.58× | ||
| Q3 25 | 5.21× | 1.37× | ||
| Q2 25 | 1.35× | 1.15× | ||
| Q1 25 | 2.48× | 1.20× | ||
| Q4 24 | 2.74× | 1.31× | ||
| Q3 24 | 3.57× | 1.42× | ||
| Q2 24 | 2.41× | 1.40× |
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
CVLT
| Term-based license | $114.4M | 37% |
| Software-as-a-service | $93.1M | 30% |
| Customer support | $80.9M | 26% |
| Other | $13.1M | 4% |
| Perpetual license | $10.1M | 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% |
