vs
DUCOMMUN INC（DCO）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DUCOMMUN INC的1.7倍（$375.3M vs $215.8M），ROYAL GOLD INC净利率更高（24.9% vs 3.4%，领先21.5%），ROYAL GOLD INC同比增速更快（85.3% vs 9.4%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 6.3%）
杜科蒙是一家全球性航空航天与国防制造企业，主要供应复杂结构部件、电子系统，提供专业工程服务，覆盖商用航空、军事国防、航天领域客户，交付适用于关键航空航天场景的高可靠性解决方案。
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。
DCO vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.7倍
$215.8M
营收增速更快
RGLD
高出75.9%
9.4%
净利率更高
RGLD
高出21.5%
3.4%
两年增速更快
RGLD
近两年复合增速
6.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $215.8M | $375.3M |
| 净利润 | $7.4M | $93.6M |
| 毛利率 | 27.7% | 64.6% |
| 营业利润率 | 6.5% | 56.2% |
| 净利率 | 3.4% | 24.9% |
| 营收同比 | 9.4% | 85.3% |
| 净利润同比 | 9.9% | -12.8% |
| 每股收益（稀释后） | $0.52 | $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DCORGLD
| Q4 25 | $215.8M | $375.3M | ||
| Q3 25 | $212.6M | $252.1M | ||
| Q2 25 | $202.3M | $209.6M | ||
| Q1 25 | $194.1M | $193.4M | ||
| Q4 24 | $197.3M | $202.6M | ||
| Q3 24 | $201.4M | $193.8M | ||
| Q2 24 | $197.0M | $174.1M | ||
| Q1 24 | $190.8M | $148.9M |
净利润DCORGLD
| Q4 25 | $7.4M | $93.6M | ||
| Q3 25 | $-64.4M | $126.8M | ||
| Q2 25 | $12.6M | $132.3M | ||
| Q1 25 | $10.5M | $113.5M | ||
| Q4 24 | $6.8M | $107.4M | ||
| Q3 24 | $10.1M | $96.2M | ||
| Q2 24 | $7.7M | $81.2M | ||
| Q1 24 | $6.8M | $47.2M |
毛利率DCORGLD
| Q4 25 | 27.7% | 64.6% | ||
| Q3 25 | 26.6% | 73.6% | ||
| Q2 25 | 26.6% | 72.6% | ||
| Q1 25 | 26.6% | 69.4% | ||
| Q4 24 | 23.5% | 70.3% | ||
| Q3 24 | 26.2% | 66.6% | ||
| Q2 24 | 26.0% | 64.7% | ||
| Q1 24 | 24.6% | 58.4% |
营业利润率DCORGLD
| Q4 25 | 6.5% | 56.2% | ||
| Q3 25 | -37.7% | 64.4% | ||
| Q2 25 | 8.5% | 67.7% | ||
| Q1 25 | 8.5% | 63.6% | ||
| Q4 24 | 5.3% | 65.9% | ||
| Q3 24 | 7.6% | 61.3% | ||
| Q2 24 | 7.1% | 58.6% | ||
| Q1 24 | 6.6% | 50.7% |
净利率DCORGLD
| Q4 25 | 3.4% | 24.9% | ||
| Q3 25 | -30.3% | 50.3% | ||
| Q2 25 | 6.2% | 63.1% | ||
| Q1 25 | 5.4% | 58.7% | ||
| Q4 24 | 3.4% | 53.0% | ||
| Q3 24 | 5.0% | 49.7% | ||
| Q2 24 | 3.9% | 46.6% | ||
| Q1 24 | 3.6% | 31.7% |
每股收益（稀释后）DCORGLD
| Q4 25 | $0.52 | $1.04 | ||
| Q3 25 | $-4.30 | $1.92 | ||
| Q2 25 | $0.82 | $2.01 | ||
| Q1 25 | $0.69 | $1.72 | ||
| Q4 24 | $0.45 | $1.63 | ||
| Q3 24 | $0.67 | $1.46 | ||
| Q2 24 | $0.52 | $1.23 | ||
| Q1 24 | $0.46 | $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 | $45.3M | $233.7M |
| 总债务越低越好 | $298.8M | — |
| 股东权益账面价值 | $662.1M | $7.2B |
| 总资产 | $1.2B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资DCORGLD
| Q4 25 | $45.3M | $233.7M | ||
| Q3 25 | $50.9M | $172.8M | ||
| Q2 25 | $37.1M | $248.2M | ||
| Q1 25 | $30.7M | $240.8M | ||
| Q4 24 | $37.1M | $195.5M | ||
| Q3 24 | $37.3M | $127.9M | ||
| Q2 24 | $29.4M | $74.2M | ||
| Q1 24 | $32.1M | $137.9M |
总债务DCORGLD
| Q4 25 | $298.8M | — | ||
| Q3 25 | $215.0M | — | ||
| Q2 25 | $218.1M | — | ||
| Q1 25 | $229.9M | — | ||
| Q4 24 | $229.8M | — | ||
| Q3 24 | $246.0M | $0 | ||
| Q2 24 | $250.9M | $50.0M | ||
| Q1 24 | $253.9M | — |
股东权益DCORGLD
| Q4 25 | $662.1M | $7.2B | ||
| Q3 25 | $649.0M | $3.4B | ||
| Q2 25 | $707.8M | $3.3B | ||
| Q1 25 | $693.0M | $3.2B | ||
| Q4 24 | $682.5M | $3.1B | ||
| Q3 24 | $665.6M | $3.0B | ||
| Q2 24 | $655.9M | $3.0B | ||
| Q1 24 | $645.5M | $2.9B |
总资产DCORGLD
| Q4 25 | $1.2B | $9.5B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.1B | $3.6B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.1B | $3.3B | ||
| Q2 24 | $1.1B | $3.3B | ||
| Q1 24 | $1.1B | $3.3B |
负债/权益比DCORGLD
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.33× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | 0.00× | ||
| Q2 24 | 0.38× | 0.02× | ||
| Q1 24 | 0.39× | — |
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 | $-74.7M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-78.8M | — |
| 自由现金流率自由现金流/营收 | -36.5% | — |
| 资本支出强度资本支出/营收 | 1.9% | — |
| 现金转化率经营现金流/净利润 | -10.03× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-48.6M | — |
8季度趋势，按日历期对齐
经营现金流DCORGLD
| Q4 25 | $-74.7M | $241.7M | ||
| Q3 25 | $18.1M | $174.0M | ||
| Q2 25 | $22.4M | $152.8M | ||
| Q1 25 | $771.0K | $136.4M | ||
| Q4 24 | $18.4M | $141.1M | ||
| Q3 24 | $13.9M | $136.7M | ||
| Q2 24 | $3.5M | $113.5M | ||
| Q1 24 | $-1.6M | $138.3M |
自由现金流DCORGLD
| Q4 25 | $-78.8M | — | ||
| Q3 25 | $16.0M | — | ||
| Q2 25 | $18.1M | — | ||
| Q1 25 | $-4.0M | — | ||
| Q4 24 | $14.6M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $144.0K | — | ||
| Q1 24 | $-6.6M | — |
自由现金流率DCORGLD
| Q4 25 | -36.5% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | -3.5% | — |
资本支出强度DCORGLD
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 2.6% | — |
现金转化率DCORGLD
| Q4 25 | -10.03× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 1.79× | 1.15× | ||
| Q1 25 | 0.07× | 1.20× | ||
| Q4 24 | 2.72× | 1.31× | ||
| Q3 24 | 1.37× | 1.42× | ||
| Q2 24 | 0.45× | 1.40× | ||
| Q1 24 | -0.24× | 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
DCO
| Other | $90.1M | 42% |
| Militaryand Space | $60.0M | 28% |
| Electronic Systems Segment | $31.3M | 15% |
| Commercial Aerospace | $24.8M | 11% |
| Estimate At Completion Adjustment | $6.6M | 3% |
| Industrial | $3.0M | 1% |
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% |
