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DoubleVerify Holdings, Inc.（DV）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DoubleVerify Holdings, Inc.的1.8倍（$375.3M vs $205.6M），ROYAL GOLD INC净利率更高（24.9% vs 14.3%，领先10.7%），ROYAL GOLD INC同比增速更快（85.3% vs 7.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 20.8%）
DoubleVerify Holdings是一家专注于媒体测量、分析及验证的技术服务商，核心业务为品牌安全、广告可见度、反广告欺诈等，帮助广告主、发布商及平台方优化数字广告投放效果，保障营销投入的ROI，业务覆盖全球多个市场。
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。
DV vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.8倍
$205.6M
营收增速更快
RGLD
高出77.4%
7.9%
净利率更高
RGLD
高出10.7%
14.3%
两年增速更快
RGLD
近两年复合增速
20.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $205.6M | $375.3M |
| 净利润 | $29.3M | $93.6M |
| 毛利率 | 82.5% | 64.6% |
| 营业利润率 | 18.4% | 56.2% |
| 净利率 | 14.3% | 24.9% |
| 营收同比 | 7.9% | 85.3% |
| 净利润同比 | 25.3% | -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DVRGLD
| Q4 25 | $205.6M | $375.3M | ||
| Q3 25 | $188.6M | $252.1M | ||
| Q2 25 | $189.0M | $209.6M | ||
| Q1 25 | $165.1M | $193.4M | ||
| Q4 24 | $190.6M | $202.6M | ||
| Q3 24 | $169.6M | $193.8M | ||
| Q2 24 | $155.9M | $174.1M | ||
| Q1 24 | $140.8M | $148.9M |
净利润DVRGLD
| Q4 25 | $29.3M | $93.6M | ||
| Q3 25 | $10.2M | $126.8M | ||
| Q2 25 | $8.8M | $132.3M | ||
| Q1 25 | $2.4M | $113.5M | ||
| Q4 24 | $23.4M | $107.4M | ||
| Q3 24 | $18.2M | $96.2M | ||
| Q2 24 | $7.5M | $81.2M | ||
| Q1 24 | $7.2M | $47.2M |
毛利率DVRGLD
| Q4 25 | 82.5% | 64.6% | ||
| Q3 25 | 82.3% | 73.6% | ||
| Q2 25 | 82.5% | 72.6% | ||
| Q1 25 | 81.2% | 69.4% | ||
| Q4 24 | 82.0% | 70.3% | ||
| Q3 24 | 82.6% | 66.6% | ||
| Q2 24 | 83.3% | 64.7% | ||
| Q1 24 | 81.1% | 58.4% |
营业利润率DVRGLD
| Q4 25 | 18.4% | 56.2% | ||
| Q3 25 | 11.2% | 64.4% | ||
| Q2 25 | 7.2% | 67.7% | ||
| Q1 25 | 4.1% | 63.6% | ||
| Q4 24 | 20.3% | 65.9% | ||
| Q3 24 | 15.2% | 61.3% | ||
| Q2 24 | 7.1% | 58.6% | ||
| Q1 24 | 4.9% | 50.7% |
净利率DVRGLD
| Q4 25 | 14.3% | 24.9% | ||
| Q3 25 | 5.4% | 50.3% | ||
| Q2 25 | 4.6% | 63.1% | ||
| Q1 25 | 1.4% | 58.7% | ||
| Q4 24 | 12.3% | 53.0% | ||
| Q3 24 | 10.7% | 49.7% | ||
| Q2 24 | 4.8% | 46.6% | ||
| Q1 24 | 5.1% | 31.7% |
每股收益（稀释后）DVRGLD
| Q4 25 | $0.18 | $1.04 | ||
| Q3 25 | $0.06 | $1.92 | ||
| Q2 25 | $0.05 | $2.01 | ||
| Q1 25 | $0.01 | $1.72 | ||
| Q4 24 | $0.14 | $1.63 | ||
| Q3 24 | $0.10 | $1.46 | ||
| Q2 24 | $0.04 | $1.23 | ||
| Q1 24 | $0.04 | $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 | $259.0M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $7.2B |
| 总资产 | $1.4B | $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DVRGLD
| Q4 25 | $259.0M | $233.7M | ||
| Q3 25 | $200.7M | $172.8M | ||
| Q2 25 | $216.8M | $248.2M | ||
| Q1 25 | $174.3M | $240.8M | ||
| Q4 24 | $310.6M | $195.5M | ||
| Q3 24 | $362.6M | $127.9M | ||
| Q2 24 | $338.8M | $74.2M | ||
| Q1 24 | $334.3M | $137.9M |
总债务DVRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益DVRGLD
| Q4 25 | $1.1B | $7.2B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $1.1B | $3.3B | ||
| Q1 25 | $1.0B | $3.2B | ||
| Q4 24 | $1.1B | $3.1B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | $1.1B | $2.9B |
总资产DVRGLD
| Q4 25 | $1.4B | $9.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $3.6B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.3B | $3.3B | ||
| Q2 24 | $1.3B | $3.3B | ||
| Q1 24 | $1.3B | $3.3B |
负债/权益比DVRGLD
| 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 | $72.7M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $62.1M | — |
| 自由现金流率自由现金流/营收 | 30.2% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 2.48× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $172.7M | — |
8季度趋势，按日历期对齐
经营现金流DVRGLD
| Q4 25 | $72.7M | $241.7M | ||
| Q3 25 | $51.2M | $174.0M | ||
| Q2 25 | $49.6M | $152.8M | ||
| Q1 25 | $37.7M | $136.4M | ||
| Q4 24 | $37.4M | $141.1M | ||
| Q3 24 | $54.6M | $136.7M | ||
| Q2 24 | $35.9M | $113.5M | ||
| Q1 24 | $31.8M | $138.3M |
自由现金流DVRGLD
| Q4 25 | $62.1M | — | ||
| Q3 25 | $39.0M | — | ||
| Q2 25 | $40.1M | — | ||
| Q1 25 | $31.4M | — | ||
| Q4 24 | $30.0M | — | ||
| Q3 24 | $48.4M | — | ||
| Q2 24 | $28.7M | — | ||
| Q1 24 | $25.4M | — |
自由现金流率DVRGLD
| Q4 25 | 30.2% | — | ||
| Q3 25 | 20.7% | — | ||
| Q2 25 | 21.2% | — | ||
| Q1 25 | 19.0% | — | ||
| Q4 24 | 15.8% | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 18.4% | — | ||
| Q1 24 | 18.0% | — |
资本支出强度DVRGLD
| Q4 25 | 5.1% | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 4.5% | — |
现金转化率DVRGLD
| Q4 25 | 2.48× | 2.58× | ||
| Q3 25 | 5.02× | 1.37× | ||
| Q2 25 | 5.66× | 1.15× | ||
| Q1 25 | 15.95× | 1.20× | ||
| Q4 24 | 1.60× | 1.31× | ||
| Q3 24 | 3.00× | 1.42× | ||
| Q2 24 | 4.80× | 1.40× | ||
| Q1 24 | 4.44× | 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
DV
| Activation | $116.5M | 57% |
| Measurement | $69.6M | 34% |
| Supply Side | $19.5M | 9% |
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% |
