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Clearwater Analytics Holdings, Inc.（CWAN）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Clearwater Analytics Holdings, Inc.的1.7倍（$375.3M vs $217.5M），ROYAL GOLD INC净利率更高（24.9% vs -5.4%，领先30.3%），ROYAL GOLD INC同比增速更快（85.3% vs 72.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 45.5%）
Clearwater Analytics Holdings是美国SaaS金融科技企业，面向全球客户提供自动化投资会计、业绩测算、合规管理及风险报告服务。公司为公开上市企业，总部位于美国爱达荷州博伊西，在伦敦、爱丁堡、纽约、诺伊达多地设有分支机构。
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。
CWAN vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.7倍
$217.5M
营收增速更快
RGLD
高出13.3%
72.0%
净利率更高
RGLD
高出30.3%
-5.4%
两年增速更快
RGLD
近两年复合增速
45.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $217.5M | $375.3M |
| 净利润 | $-11.8M | $93.6M |
| 毛利率 | 67.2% | 64.6% |
| 营业利润率 | -3.1% | 56.2% |
| 净利率 | -5.4% | 24.9% |
| 营收同比 | 72.0% | 85.3% |
| 净利润同比 | -102.8% | -12.8% |
| 每股收益（稀释后） | $-0.04 | $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CWANRGLD
| Q4 25 | $217.5M | $375.3M | ||
| Q3 25 | $205.1M | $252.1M | ||
| Q2 25 | $181.9M | $209.6M | ||
| Q1 25 | $126.9M | $193.4M | ||
| Q4 24 | $126.5M | $202.6M | ||
| Q3 24 | $115.8M | $193.8M | ||
| Q2 24 | $106.8M | $174.1M | ||
| Q1 24 | $102.7M | $148.9M |
净利润CWANRGLD
| Q4 25 | $-11.8M | $93.6M | ||
| Q3 25 | $-10.3M | $126.8M | ||
| Q2 25 | $-23.2M | $132.3M | ||
| Q1 25 | $6.5M | $113.5M | ||
| Q4 24 | $419.3M | $107.4M | ||
| Q3 24 | $3.6M | $96.2M | ||
| Q2 24 | $-430.0K | $81.2M | ||
| Q1 24 | $1.9M | $47.2M |
毛利率CWANRGLD
| Q4 25 | 67.2% | 64.6% | ||
| Q3 25 | 65.6% | 73.6% | ||
| Q2 25 | 65.1% | 72.6% | ||
| Q1 25 | 73.3% | 69.4% | ||
| Q4 24 | 73.5% | 70.3% | ||
| Q3 24 | 72.9% | 66.6% | ||
| Q2 24 | 72.0% | 64.7% | ||
| Q1 24 | 72.6% | 58.4% |
营业利润率CWANRGLD
| Q4 25 | -3.1% | 56.2% | ||
| Q3 25 | 3.2% | 64.4% | ||
| Q2 25 | -8.0% | 67.7% | ||
| Q1 25 | 5.6% | 63.6% | ||
| Q4 24 | 1.0% | 65.9% | ||
| Q3 24 | 6.3% | 61.3% | ||
| Q2 24 | 3.6% | 58.6% | ||
| Q1 24 | -0.2% | 50.7% |
净利率CWANRGLD
| Q4 25 | -5.4% | 24.9% | ||
| Q3 25 | -5.0% | 50.3% | ||
| Q2 25 | -12.8% | 63.1% | ||
| Q1 25 | 5.1% | 58.7% | ||
| Q4 24 | 331.5% | 53.0% | ||
| Q3 24 | 3.1% | 49.7% | ||
| Q2 24 | -0.4% | 46.6% | ||
| Q1 24 | 1.8% | 31.7% |
每股收益（稀释后）CWANRGLD
| Q4 25 | $-0.04 | $1.04 | ||
| Q3 25 | $-0.04 | $1.92 | ||
| Q2 25 | $-0.09 | $2.01 | ||
| Q1 25 | $0.03 | $1.72 | ||
| Q4 24 | $1.65 | $1.63 | ||
| Q3 24 | $0.02 | $1.46 | ||
| Q2 24 | $0.00 | $1.23 | ||
| Q1 24 | $0.01 | $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 | $91.2M | $233.7M |
| 总债务越低越好 | $822.6M | — |
| 股东权益账面价值 | $2.0B | $7.2B |
| 总资产 | $3.0B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.41× | — |
8季度趋势，按日历期对齐
现金及短期投资CWANRGLD
| Q4 25 | $91.2M | $233.7M | ||
| Q3 25 | $64.1M | $172.8M | ||
| Q2 25 | $71.9M | $248.2M | ||
| Q1 25 | $282.9M | $240.8M | ||
| Q4 24 | $255.5M | $195.5M | ||
| Q3 24 | $305.8M | $127.9M | ||
| Q2 24 | $257.9M | $74.2M | ||
| Q1 24 | $267.6M | $137.9M |
总债务CWANRGLD
| Q4 25 | $822.6M | — | ||
| Q3 25 | $838.9M | — | ||
| Q2 25 | $878.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益CWANRGLD
| Q4 25 | $2.0B | $7.2B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $2.0B | $3.3B | ||
| Q1 25 | $1.1B | $3.2B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $403.2M | $3.0B | ||
| Q2 24 | $380.6M | $3.0B | ||
| Q1 24 | $406.2M | $2.9B |
总资产CWANRGLD
| Q4 25 | $3.0B | $9.5B | ||
| Q3 25 | $3.0B | $4.5B | ||
| Q2 25 | $3.0B | $3.6B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.2B | $3.4B | ||
| Q3 24 | $623.5M | $3.3B | ||
| Q2 24 | $585.1M | $3.3B | ||
| Q1 24 | $547.8M | $3.3B |
负债/权益比CWANRGLD
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.45× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | — | ||
| 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 | $55.3M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $52.3M | — |
| 自由现金流率自由现金流/营收 | 24.0% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 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 | $164.3M | — |
8季度趋势，按日历期对齐
经营现金流CWANRGLD
| Q4 25 | $55.3M | $241.7M | ||
| Q3 25 | $49.0M | $174.0M | ||
| Q2 25 | $47.1M | $152.8M | ||
| Q1 25 | $24.5M | $136.4M | ||
| Q4 24 | $-29.2M | $141.1M | ||
| Q3 24 | $49.6M | $136.7M | ||
| Q2 24 | $43.9M | $113.5M | ||
| Q1 24 | $10.0M | $138.3M |
自由现金流CWANRGLD
| Q4 25 | $52.3M | — | ||
| Q3 25 | $44.9M | — | ||
| Q2 25 | $44.1M | — | ||
| Q1 25 | $23.0M | — | ||
| Q4 24 | $-30.0M | — | ||
| Q3 24 | $48.1M | — | ||
| Q2 24 | $42.4M | — | ||
| Q1 24 | $8.6M | — |
自由现金流率CWANRGLD
| Q4 25 | 24.0% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 18.2% | — | ||
| Q4 24 | -23.7% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 8.4% | — |
资本支出强度CWANRGLD
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.4% | — |
现金转化率CWANRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 3.76× | 1.20× | ||
| Q4 24 | -0.07× | 1.31× | ||
| Q3 24 | 13.66× | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | 5.29× | 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
CWAN
暂无分部数据
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% |
