vs
Ecovyst Inc.（ECVT）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Ecovyst Inc.的1.9倍（$375.3M vs $199.4M），ROYAL GOLD INC同比增速更快（85.3% vs 34.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 18.7%）
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
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。
ECVT vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.9倍
$199.4M
营收增速更快
RGLD
高出51.3%
34.0%
两年增速更快
RGLD
近两年复合增速
18.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $375.3M |
| 净利润 | — | $93.6M |
| 毛利率 | 23.4% | 64.6% |
| 营业利润率 | 10.9% | 56.2% |
| 净利率 | — | 24.9% |
| 营收同比 | 34.0% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $0.06 | $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ECVTRGLD
| Q4 25 | $199.4M | $375.3M | ||
| Q3 25 | $204.9M | $252.1M | ||
| Q2 25 | $176.1M | $209.6M | ||
| Q1 25 | $143.1M | $193.4M | ||
| Q4 24 | $148.9M | $202.6M | ||
| Q3 24 | $153.9M | $193.8M | ||
| Q2 24 | $154.0M | $174.1M | ||
| Q1 24 | $141.6M | $148.9M |
净利润ECVTRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $-79.3M | $126.8M | ||
| Q2 25 | $6.0M | $132.3M | ||
| Q1 25 | $-3.6M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $14.3M | $96.2M | ||
| Q2 24 | $8.3M | $81.2M | ||
| Q1 24 | $1.2M | $47.2M |
毛利率ECVTRGLD
| Q4 25 | 23.4% | 64.6% | ||
| Q3 25 | 25.4% | 73.6% | ||
| Q2 25 | 22.8% | 72.6% | ||
| Q1 25 | 13.3% | 69.4% | ||
| Q4 24 | 28.9% | 70.3% | ||
| Q3 24 | 29.3% | 66.6% | ||
| Q2 24 | 27.3% | 64.7% | ||
| Q1 24 | 23.5% | 58.4% |
营业利润率ECVTRGLD
| Q4 25 | 10.9% | 56.2% | ||
| Q3 25 | 13.8% | 64.4% | ||
| Q2 25 | 9.0% | 67.7% | ||
| Q1 25 | -0.7% | 63.6% | ||
| Q4 24 | 15.1% | 65.9% | ||
| Q3 24 | 17.9% | 61.3% | ||
| Q2 24 | 14.1% | 58.6% | ||
| Q1 24 | 9.5% | 50.7% |
净利率ECVTRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | -38.7% | 50.3% | ||
| Q2 25 | 3.4% | 63.1% | ||
| Q1 25 | -2.5% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | 9.3% | 49.7% | ||
| Q2 24 | 5.4% | 46.6% | ||
| Q1 24 | 0.9% | 31.7% |
每股收益（稀释后）ECVTRGLD
| Q4 25 | $0.06 | $1.04 | ||
| Q3 25 | $-0.69 | $1.92 | ||
| Q2 25 | $0.05 | $2.01 | ||
| Q1 25 | $-0.03 | $1.72 | ||
| Q4 24 | $-0.26 | $1.63 | ||
| Q3 24 | $0.12 | $1.46 | ||
| Q2 24 | $0.07 | $1.23 | ||
| Q1 24 | $0.01 | $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 | $197.2M | $233.7M |
| 总债务越低越好 | $392.6M | — |
| 股东权益账面价值 | $603.4M | $7.2B |
| 总资产 | $1.3B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.65× | — |
8季度趋势，按日历期对齐
现金及短期投资ECVTRGLD
| Q4 25 | $197.2M | $233.7M | ||
| Q3 25 | $82.0M | $172.8M | ||
| Q2 25 | $69.6M | $248.2M | ||
| Q1 25 | $127.5M | $240.8M | ||
| Q4 24 | $131.4M | $195.5M | ||
| Q3 24 | $123.5M | $127.9M | ||
| Q2 24 | $83.3M | $74.2M | ||
| Q1 24 | $103.1M | $137.9M |
总债务ECVTRGLD
| Q4 25 | $392.6M | — | ||
| Q3 25 | $854.8M | — | ||
| Q2 25 | $856.6M | — | ||
| Q1 25 | $859.0M | — | ||
| Q4 24 | $860.8M | — | ||
| Q3 24 | $862.7M | $0 | ||
| Q2 24 | $862.4M | $50.0M | ||
| Q1 24 | $866.2M | — |
股东权益ECVTRGLD
| Q4 25 | $603.4M | $7.2B | ||
| Q3 25 | $607.9M | $3.4B | ||
| Q2 25 | $692.4M | $3.3B | ||
| Q1 25 | $698.7M | $3.2B | ||
| Q4 24 | $700.5M | $3.1B | ||
| Q3 24 | $729.4M | $3.0B | ||
| Q2 24 | $717.3M | $3.0B | ||
| Q1 24 | $711.4M | $2.9B |
总资产ECVTRGLD
| Q4 25 | $1.3B | $9.5B | ||
| Q3 25 | $1.7B | $4.5B | ||
| Q2 25 | $1.8B | $3.6B | ||
| Q1 25 | $1.8B | $3.5B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.8B | $3.3B | ||
| Q2 24 | $1.8B | $3.3B | ||
| Q1 24 | $1.8B | $3.3B |
负债/权益比ECVTRGLD
| Q4 25 | 0.65× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.24× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.18× | 0.00× | ||
| Q2 24 | 1.20× | 0.02× | ||
| Q1 24 | 1.22× | — |
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 | $41.8M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | — |
| 自由现金流率自由现金流/营收 | 11.5% | — |
| 资本支出强度资本支出/营收 | 9.4% | — |
| 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 | $69.9M | — |
8季度趋势，按日历期对齐
经营现金流ECVTRGLD
| Q4 25 | $41.8M | $241.7M | ||
| Q3 25 | $55.3M | $174.0M | ||
| Q2 25 | $33.0M | $152.8M | ||
| Q1 25 | $10.3M | $136.4M | ||
| Q4 24 | $43.5M | $141.1M | ||
| Q3 24 | $59.9M | $136.7M | ||
| Q2 24 | $10.0M | $113.5M | ||
| Q1 24 | $36.5M | $138.3M |
自由现金流ECVTRGLD
| Q4 25 | $22.9M | — | ||
| Q3 25 | $53.2M | — | ||
| Q2 25 | $7.8M | — | ||
| Q1 25 | $-14.0M | — | ||
| Q4 24 | $30.9M | — | ||
| Q3 24 | $53.6M | — | ||
| Q2 24 | $-9.3M | — | ||
| Q1 24 | $19.1M | — |
自由现金流率ECVTRGLD
| Q4 25 | 11.5% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 4.4% | — | ||
| Q1 25 | -9.8% | — | ||
| Q4 24 | 20.7% | — | ||
| Q3 24 | 34.9% | — | ||
| Q2 24 | -6.1% | — | ||
| Q1 24 | 13.5% | — |
资本支出强度ECVTRGLD
| Q4 25 | 9.4% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 14.4% | — | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | 4.1% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 12.3% | — |
现金转化率ECVTRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 5.52× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 4.21× | 1.42× | ||
| Q2 24 | 1.20× | 1.40× | ||
| Q1 24 | 29.90× | 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
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 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% |
