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多邻国（DUOL）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的季度营收约是多邻国的1.3倍（$375.3M vs $282.9M），ROYAL GOLD INC净利率更高（24.9% vs 14.8%，领先10.1%），ROYAL GOLD INC同比增速更快（85.3% vs 35.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 29.9%）
多邻国是全球知名教育科技企业，提供覆盖40余种语言的免费及付费游戏化自适应学习课程，同时推出官方语言能力认证、数学学习、扫盲教育等服务，面向个人用户、教育机构及企业客户提供多元学习解决方案。
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。
DUOL vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.3倍
$282.9M
营收增速更快
RGLD
高出50.3%
35.0%
净利率更高
RGLD
高出10.1%
14.8%
两年增速更快
RGLD
近两年复合增速
29.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $375.3M |
| 净利润 | $42.0M | $93.6M |
| 毛利率 | 72.8% | 64.6% |
| 营业利润率 | 15.4% | 56.2% |
| 净利率 | 14.8% | 24.9% |
| 营收同比 | 35.0% | 85.3% |
| 净利润同比 | 201.7% | -12.8% |
| 每股收益（稀释后） | $0.99 | $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DUOLRGLD
| Q4 25 | $282.9M | $375.3M | ||
| Q3 25 | $271.7M | $252.1M | ||
| Q2 25 | $252.3M | $209.6M | ||
| Q1 25 | $230.7M | $193.4M | ||
| Q4 24 | $209.6M | $202.6M | ||
| Q3 24 | $192.6M | $193.8M | ||
| Q2 24 | $178.3M | $174.1M | ||
| Q1 24 | $167.6M | $148.9M |
净利润DUOLRGLD
| Q4 25 | $42.0M | $93.6M | ||
| Q3 25 | $292.2M | $126.8M | ||
| Q2 25 | $44.8M | $132.3M | ||
| Q1 25 | $35.1M | $113.5M | ||
| Q4 24 | $13.9M | $107.4M | ||
| Q3 24 | $23.4M | $96.2M | ||
| Q2 24 | $24.4M | $81.2M | ||
| Q1 24 | $27.0M | $47.2M |
毛利率DUOLRGLD
| Q4 25 | 72.8% | 64.6% | ||
| Q3 25 | 72.5% | 73.6% | ||
| Q2 25 | 72.4% | 72.6% | ||
| Q1 25 | 71.1% | 69.4% | ||
| Q4 24 | 71.9% | 70.3% | ||
| Q3 24 | 72.9% | 66.6% | ||
| Q2 24 | 73.4% | 64.7% | ||
| Q1 24 | 73.0% | 58.4% |
营业利润率DUOLRGLD
| Q4 25 | 15.4% | 56.2% | ||
| Q3 25 | 12.9% | 64.4% | ||
| Q2 25 | 13.2% | 67.7% | ||
| Q1 25 | 10.2% | 63.6% | ||
| Q4 24 | 6.6% | 65.9% | ||
| Q3 24 | 7.0% | 61.3% | ||
| Q2 24 | 10.5% | 58.6% | ||
| Q1 24 | 9.8% | 50.7% |
净利率DUOLRGLD
| Q4 25 | 14.8% | 24.9% | ||
| Q3 25 | 107.5% | 50.3% | ||
| Q2 25 | 17.8% | 63.1% | ||
| Q1 25 | 15.2% | 58.7% | ||
| Q4 24 | 6.6% | 53.0% | ||
| Q3 24 | 12.1% | 49.7% | ||
| Q2 24 | 13.7% | 46.6% | ||
| Q1 24 | 16.1% | 31.7% |
每股收益（稀释后）DUOLRGLD
| Q4 25 | $0.99 | $1.04 | ||
| Q3 25 | $5.95 | $1.92 | ||
| Q2 25 | $0.91 | $2.01 | ||
| Q1 25 | $0.72 | $1.72 | ||
| Q4 24 | $0.31 | $1.63 | ||
| Q3 24 | $0.49 | $1.46 | ||
| Q2 24 | $0.51 | $1.23 | ||
| Q1 24 | $0.57 | $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 | $1.0B | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $7.2B |
| 总资产 | $2.0B | $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DUOLRGLD
| Q4 25 | $1.0B | $233.7M | ||
| Q3 25 | $1.0B | $172.8M | ||
| Q2 25 | $976.2M | $248.2M | ||
| Q1 25 | $884.0M | $240.8M | ||
| Q4 24 | $785.8M | $195.5M | ||
| Q3 24 | $854.4M | $127.9M | ||
| Q2 24 | $888.2M | $74.2M | ||
| Q1 24 | $829.7M | $137.9M |
总债务DUOLRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益DUOLRGLD
| Q4 25 | $1.3B | $7.2B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $977.0M | $3.3B | ||
| Q1 25 | $893.8M | $3.2B | ||
| Q4 24 | $824.5M | $3.1B | ||
| Q3 24 | $822.5M | $3.0B | ||
| Q2 24 | $766.9M | $3.0B | ||
| Q1 24 | $711.1M | $2.9B |
总资产DUOLRGLD
| Q4 25 | $2.0B | $9.5B | ||
| Q3 25 | $1.9B | $4.5B | ||
| Q2 25 | $1.5B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.2B | $3.3B | ||
| Q2 24 | $1.1B | $3.3B | ||
| Q1 24 | $1.1B | $3.3B |
负债/权益比DUOLRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $107.3M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $96.6M | — |
| 自由现金流率自由现金流/营收 | 34.1% | — |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 2.56× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $369.7M | — |
8季度趋势，按日历期对齐
经营现金流DUOLRGLD
| Q4 25 | $107.3M | $241.7M | ||
| Q3 25 | $84.2M | $174.0M | ||
| Q2 25 | $90.7M | $152.8M | ||
| Q1 25 | $105.6M | $136.4M | ||
| Q4 24 | $83.3M | $141.1M | ||
| Q3 24 | $56.3M | $136.7M | ||
| Q2 24 | $62.4M | $113.5M | ||
| Q1 24 | $83.5M | $138.3M |
自由现金流DUOLRGLD
| Q4 25 | $96.6M | — | ||
| Q3 25 | $79.4M | — | ||
| Q2 25 | $89.5M | — | ||
| Q1 25 | $104.3M | — | ||
| Q4 24 | $81.4M | — | ||
| Q3 24 | $53.1M | — | ||
| Q2 24 | $56.8M | — | ||
| Q1 24 | $82.1M | — |
自由现金流率DUOLRGLD
| Q4 25 | 34.1% | — | ||
| Q3 25 | 29.2% | — | ||
| Q2 25 | 35.5% | — | ||
| Q1 25 | 45.2% | — | ||
| Q4 24 | 38.8% | — | ||
| Q3 24 | 27.6% | — | ||
| Q2 24 | 31.9% | — | ||
| Q1 24 | 49.0% | — |
资本支出强度DUOLRGLD
| Q4 25 | 3.8% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 0.8% | — |
现金转化率DUOLRGLD
| Q4 25 | 2.56× | 2.58× | ||
| Q3 25 | 0.29× | 1.37× | ||
| Q2 25 | 2.02× | 1.15× | ||
| Q1 25 | 3.01× | 1.20× | ||
| Q4 24 | 5.99× | 1.31× | ||
| Q3 24 | 2.41× | 1.42× | ||
| Q2 24 | 2.56× | 1.40× | ||
| Q1 24 | 3.10× | 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
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
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% |
