vs
dLocal Ltd（DLO）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dLocal Ltd的1.1倍（$375.3M vs $337.9M），ROYAL GOLD INC净利率更高（24.9% vs 16.5%，领先8.5%），ROYAL GOLD INC同比增速更快（85.3% vs 65.2%）
dLocal是一家总部位于乌拉圭的金融科技企业，专注于提供跨境支付解决方案，搭建全球商户与新兴市场之间的支付链路，助力国际商户顺畅接入新兴市场本地支付网络，高效开展跨境业务。
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。
DLO vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.1倍
$337.9M
营收增速更快
RGLD
高出20.1%
65.2%
净利率更高
RGLD
高出8.5%
16.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.9M | $375.3M |
| 净利润 | $55.6M | $93.6M |
| 毛利率 | 34.3% | 64.6% |
| 营业利润率 | 18.6% | 56.2% |
| 净利率 | 16.5% | 24.9% |
| 营收同比 | 65.2% | 85.3% |
| 净利润同比 | 87.3% | -12.8% |
| 每股收益（稀释后） | $0.18 | $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DLORGLD
| Q4 25 | $337.9M | $375.3M | ||
| Q3 25 | $282.5M | $252.1M | ||
| Q2 25 | — | $209.6M | ||
| Q1 25 | — | $193.4M | ||
| Q4 24 | $204.5M | $202.6M | ||
| Q3 24 | $185.8M | $193.8M | ||
| Q2 24 | — | $174.1M | ||
| Q1 24 | — | $148.9M |
净利润DLORGLD
| Q4 25 | $55.6M | $93.6M | ||
| Q3 25 | $141.3M | $126.8M | ||
| Q2 25 | — | $132.3M | ||
| Q1 25 | — | $113.5M | ||
| Q4 24 | $29.7M | $107.4M | ||
| Q3 24 | $90.8M | $96.2M | ||
| Q2 24 | — | $81.2M | ||
| Q1 24 | — | $47.2M |
毛利率DLORGLD
| Q4 25 | 34.3% | 64.6% | ||
| Q3 25 | 36.5% | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | 40.9% | 70.3% | ||
| Q3 24 | 42.1% | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率DLORGLD
| Q4 25 | 18.6% | 56.2% | ||
| Q3 25 | 19.7% | 64.4% | ||
| Q2 25 | — | 67.7% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | 20.7% | 65.9% | ||
| Q3 24 | 22.1% | 61.3% | ||
| Q2 24 | — | 58.6% | ||
| Q1 24 | — | 50.7% |
净利率DLORGLD
| Q4 25 | 16.5% | 24.9% | ||
| Q3 25 | 50.0% | 50.3% | ||
| Q2 25 | — | 63.1% | ||
| Q1 25 | — | 58.7% | ||
| Q4 24 | 14.5% | 53.0% | ||
| Q3 24 | 48.9% | 49.7% | ||
| Q2 24 | — | 46.6% | ||
| Q1 24 | — | 31.7% |
每股收益（稀释后）DLORGLD
| Q4 25 | $0.18 | $1.04 | ||
| Q3 25 | $0.17 | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | $0.09 | $1.63 | ||
| Q3 24 | $0.09 | $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 | $719.9M | $233.7M |
| 总债务越低越好 | $86.7M | — |
| 股东权益账面价值 | $569.4M | $7.2B |
| 总资产 | $1.5B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资DLORGLD
| Q4 25 | $719.9M | $233.7M | ||
| Q3 25 | $604.5M | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | $425.2M | $195.5M | ||
| Q3 24 | $560.5M | $127.9M | ||
| Q2 24 | — | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务DLORGLD
| Q4 25 | $86.7M | — | ||
| Q3 25 | $63.1M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $39.8M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益DLORGLD
| Q4 25 | $569.4M | $7.2B | ||
| Q3 25 | $504.7M | $3.4B | ||
| Q2 25 | — | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $489.0M | $3.1B | ||
| Q3 24 | $457.0M | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $2.9B |
总资产DLORGLD
| Q4 25 | $1.5B | $9.5B | ||
| Q3 25 | $1.4B | $4.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $1.2B | $3.4B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B | ||
| Q1 24 | — | $3.3B |
负债/权益比DLORGLD
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.08× | — | ||
| 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 | $100.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $99.8M | — |
| 自由现金流率自由现金流/营收 | 29.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 1.80× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $378.7M | — |
8季度趋势，按日历期对齐
经营现金流DLORGLD
| Q4 25 | $100.4M | $241.7M | ||
| Q3 25 | $315.0M | $174.0M | ||
| Q2 25 | — | $152.8M | ||
| Q1 25 | — | $136.4M | ||
| Q4 24 | $-141.1M | $141.1M | ||
| Q3 24 | $108.3M | $136.7M | ||
| Q2 24 | — | $113.5M | ||
| Q1 24 | — | $138.3M |
自由现金流DLORGLD
| Q4 25 | $99.8M | — | ||
| Q3 25 | $313.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-141.6M | — | ||
| Q3 24 | $107.1M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DLORGLD
| Q4 25 | 29.5% | — | ||
| Q3 25 | 110.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -69.2% | — | ||
| Q3 24 | 57.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DLORGLD
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DLORGLD
| Q4 25 | 1.80× | 2.58× | ||
| Q3 25 | 2.23× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | -4.75× | 1.31× | ||
| Q3 24 | 1.19× | 1.42× | ||
| Q2 24 | — | 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
DLO
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% |
