vs
Clearway Energy, Inc.（CWEN）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Clearway Energy, Inc.的1.2倍（$375.3M vs $310.0M），ROYAL GOLD INC净利率更高（24.9% vs -33.5%，领先58.5%），ROYAL GOLD INC同比增速更快（85.3% vs 21.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 8.6%）
NRG能源是总部位于美国得克萨斯州休斯敦的能源企业，前身为后续更名为埃克西尔能源的北方州电力公司的批发业务板块，2000年独立运营。业务覆盖发电与电力零售，拥有天然气、煤炭、石油、核能、风电、公用事业级及分布式太阳能等发电资产，服务超700万零售用户。
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。
CWEN vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.2倍
$310.0M
营收增速更快
RGLD
高出64.2%
21.1%
净利率更高
RGLD
高出58.5%
-33.5%
两年增速更快
RGLD
近两年复合增速
8.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $310.0M | $375.3M |
| 净利润 | $-104.0M | $93.6M |
| 毛利率 | 51.9% | 64.6% |
| 营业利润率 | -11.9% | 56.2% |
| 净利率 | -33.5% | 24.9% |
| 营收同比 | 21.1% | 85.3% |
| 净利润同比 | -3566.7% | -12.8% |
| 每股收益（稀释后） | — | $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CWENRGLD
| Q4 25 | $310.0M | $375.3M | ||
| Q3 25 | $429.0M | $252.1M | ||
| Q2 25 | $392.0M | $209.6M | ||
| Q1 25 | $298.0M | $193.4M | ||
| Q4 24 | $256.0M | $202.6M | ||
| Q3 24 | $486.0M | $193.8M | ||
| Q2 24 | $366.0M | $174.1M | ||
| Q1 24 | $263.0M | $148.9M |
净利润CWENRGLD
| Q4 25 | $-104.0M | $93.6M | ||
| Q3 25 | $236.0M | $126.8M | ||
| Q2 25 | $33.0M | $132.3M | ||
| Q1 25 | $4.0M | $113.5M | ||
| Q4 24 | $3.0M | $107.4M | ||
| Q3 24 | $36.0M | $96.2M | ||
| Q2 24 | $51.0M | $81.2M | ||
| Q1 24 | $-2.0M | $47.2M |
毛利率CWENRGLD
| Q4 25 | 51.9% | 64.6% | ||
| Q3 25 | 70.2% | 73.6% | ||
| Q2 25 | 66.6% | 72.6% | ||
| Q1 25 | 59.1% | 69.4% | ||
| Q4 24 | 52.0% | 70.3% | ||
| Q3 24 | 72.2% | 66.6% | ||
| Q2 24 | 68.0% | 64.7% | ||
| Q1 24 | 52.1% | 58.4% |
营业利润率CWENRGLD
| Q4 25 | -11.9% | 56.2% | ||
| Q3 25 | 26.1% | 64.4% | ||
| Q2 25 | 21.7% | 67.7% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | -14.5% | 65.9% | ||
| Q3 24 | 36.6% | 61.3% | ||
| Q2 24 | 23.0% | 58.6% | ||
| Q1 24 | -11.0% | 50.7% |
净利率CWENRGLD
| Q4 25 | -33.5% | 24.9% | ||
| Q3 25 | 55.0% | 50.3% | ||
| Q2 25 | 8.4% | 63.1% | ||
| Q1 25 | 1.3% | 58.7% | ||
| Q4 24 | 1.2% | 53.0% | ||
| Q3 24 | 7.4% | 49.7% | ||
| Q2 24 | 13.9% | 46.6% | ||
| Q1 24 | -0.8% | 31.7% |
每股收益（稀释后）CWENRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.23 | ||
| Q1 24 | — | $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 | $231.0M | $233.7M |
| 总债务越低越好 | $7.9B | — |
| 股东权益账面价值 | $5.8B | $7.2B |
| 总资产 | $16.7B | $9.5B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资CWENRGLD
| Q4 25 | $231.0M | $233.7M | ||
| Q3 25 | $251.0M | $172.8M | ||
| Q2 25 | $260.0M | $248.2M | ||
| Q1 25 | $297.0M | $240.8M | ||
| Q4 24 | $332.0M | $195.5M | ||
| Q3 24 | $292.0M | $127.9M | ||
| Q2 24 | $226.0M | $74.2M | ||
| Q1 24 | $478.0M | $137.9M |
总债务CWENRGLD
| Q4 25 | $7.9B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.3B | — | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $6.8B | — | ||
| Q3 24 | $6.7B | $0 | ||
| Q2 24 | $6.8B | $50.0M | ||
| Q1 24 | $7.6B | — |
股东权益CWENRGLD
| Q4 25 | $5.8B | $7.2B | ||
| Q3 25 | $5.7B | $3.4B | ||
| Q2 25 | $5.5B | $3.3B | ||
| Q1 25 | $5.4B | $3.2B | ||
| Q4 24 | $5.6B | $3.1B | ||
| Q3 24 | $5.6B | $3.0B | ||
| Q2 24 | $5.7B | $3.0B | ||
| Q1 24 | $5.0B | $2.9B |
总资产CWENRGLD
| Q4 25 | $16.7B | $9.5B | ||
| Q3 25 | $16.1B | $4.5B | ||
| Q2 25 | $16.0B | $3.6B | ||
| Q1 25 | $14.6B | $3.5B | ||
| Q4 24 | $14.3B | $3.4B | ||
| Q3 24 | $14.2B | $3.3B | ||
| Q2 24 | $14.5B | $3.3B | ||
| Q1 24 | $14.9B | $3.3B |
负债/权益比CWENRGLD
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 1.20× | 0.00× | ||
| Q2 24 | 1.19× | 0.02× | ||
| Q1 24 | 1.50× | — |
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 | $177.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $71.0M | — |
| 自由现金流率自由现金流/营收 | 22.9% | — |
| 资本支出强度资本支出/营收 | 34.2% | — |
| 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 | $369.0M | — |
8季度趋势，按日历期对齐
经营现金流CWENRGLD
| Q4 25 | $177.0M | $241.7M | ||
| Q3 25 | $225.0M | $174.0M | ||
| Q2 25 | $191.0M | $152.8M | ||
| Q1 25 | $95.0M | $136.4M | ||
| Q4 24 | $192.0M | $141.1M | ||
| Q3 24 | $301.0M | $136.7M | ||
| Q2 24 | $196.0M | $113.5M | ||
| Q1 24 | $81.0M | $138.3M |
自由现金流CWENRGLD
| Q4 25 | $71.0M | — | ||
| Q3 25 | $144.0M | — | ||
| Q2 25 | $115.0M | — | ||
| Q1 25 | $39.0M | — | ||
| Q4 24 | $142.0M | — | ||
| Q3 24 | $266.0M | — | ||
| Q2 24 | $92.0M | — | ||
| Q1 24 | $-17.0M | — |
自由现金流率CWENRGLD
| Q4 25 | 22.9% | — | ||
| Q3 25 | 33.6% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 13.1% | — | ||
| Q4 24 | 55.5% | — | ||
| Q3 24 | 54.7% | — | ||
| Q2 24 | 25.1% | — | ||
| Q1 24 | -6.5% | — |
资本支出强度CWENRGLD
| Q4 25 | 34.2% | — | ||
| Q3 25 | 18.9% | — | ||
| Q2 25 | 19.4% | — | ||
| Q1 25 | 18.8% | — | ||
| Q4 24 | 19.5% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 37.3% | — |
现金转化率CWENRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 0.95× | 1.37× | ||
| Q2 25 | 5.79× | 1.15× | ||
| Q1 25 | 23.75× | 1.20× | ||
| Q4 24 | 64.00× | 1.31× | ||
| Q3 24 | 8.36× | 1.42× | ||
| Q2 24 | 3.84× | 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
CWEN
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% |
