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Elastic N.V.（ESTC）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
Elastic N.V.的季度营收约是ROYAL GOLD INC的1.1倍（$423.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -12.1%，领先37.1%），ROYAL GOLD INC同比增速更快（85.3% vs 15.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 13.6%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs RGLD — 直观对比
营收规模更大
ESTC
是对方的1.1倍
$375.3M
营收增速更快
RGLD
高出69.4%
15.9%
净利率更高
RGLD
高出37.1%
-12.1%
两年增速更快
RGLD
近两年复合增速
13.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $375.3M |
| 净利润 | $-51.3M | $93.6M |
| 毛利率 | 75.9% | 64.6% |
| 营业利润率 | -1.9% | 56.2% |
| 净利率 | -12.1% | 24.9% |
| 营收同比 | 15.9% | 85.3% |
| 净利润同比 | -101.5% | -12.8% |
| 每股收益（稀释后） | $-0.48 | $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ESTCRGLD
| Q4 25 | $423.5M | $375.3M | ||
| Q3 25 | $415.3M | $252.1M | ||
| Q2 25 | $388.4M | $209.6M | ||
| Q1 25 | $382.1M | $193.4M | ||
| Q4 24 | $365.4M | $202.6M | ||
| Q3 24 | $347.4M | $193.8M | ||
| Q2 24 | $335.0M | $174.1M | ||
| Q1 24 | $328.0M | $148.9M |
净利润ESTCRGLD
| Q4 25 | $-51.3M | $93.6M | ||
| Q3 25 | $-24.6M | $126.8M | ||
| Q2 25 | $-16.4M | $132.3M | ||
| Q1 25 | $-17.1M | $113.5M | ||
| Q4 24 | $-25.4M | $107.4M | ||
| Q3 24 | $-49.2M | $96.2M | ||
| Q2 24 | $-41.1M | $81.2M | ||
| Q1 24 | $176.1M | $47.2M |
毛利率ESTCRGLD
| Q4 25 | 75.9% | 64.6% | ||
| Q3 25 | 76.7% | 73.6% | ||
| Q2 25 | 74.8% | 72.6% | ||
| Q1 25 | 74.6% | 69.4% | ||
| Q4 24 | 74.5% | 70.3% | ||
| Q3 24 | 73.6% | 66.6% | ||
| Q2 24 | 73.8% | 64.7% | ||
| Q1 24 | 74.2% | 58.4% |
营业利润率ESTCRGLD
| Q4 25 | -1.9% | 56.2% | ||
| Q3 25 | -2.3% | 64.4% | ||
| Q2 25 | -3.1% | 67.7% | ||
| Q1 25 | -1.2% | 63.6% | ||
| Q4 24 | -1.2% | 65.9% | ||
| Q3 24 | -9.7% | 61.3% | ||
| Q2 24 | -13.6% | 58.6% | ||
| Q1 24 | -8.1% | 50.7% |
净利率ESTCRGLD
| Q4 25 | -12.1% | 24.9% | ||
| Q3 25 | -5.9% | 50.3% | ||
| Q2 25 | -4.2% | 63.1% | ||
| Q1 25 | -4.5% | 58.7% | ||
| Q4 24 | -7.0% | 53.0% | ||
| Q3 24 | -14.2% | 49.7% | ||
| Q2 24 | -12.3% | 46.6% | ||
| Q1 24 | 53.7% | 31.7% |
每股收益（稀释后）ESTCRGLD
| Q4 25 | $-0.48 | $1.04 | ||
| Q3 25 | $-0.23 | $1.92 | ||
| Q2 25 | $-0.15 | $2.01 | ||
| Q1 25 | $-0.16 | $1.72 | ||
| Q4 24 | $-0.25 | $1.63 | ||
| Q3 24 | $-0.48 | $1.46 | ||
| Q2 24 | $-0.35 | $1.23 | ||
| Q1 24 | $1.69 | $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 | $1.4B | $233.7M |
| 总债务越低越好 | $570.3M | — |
| 股东权益账面价值 | $891.1M | $7.2B |
| 总资产 | $2.5B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资ESTCRGLD
| Q4 25 | $1.4B | $233.7M | ||
| Q3 25 | $1.5B | $172.8M | ||
| Q2 25 | $1.4B | $248.2M | ||
| Q1 25 | $584.0M | $240.8M | ||
| Q4 24 | $658.5M | $195.5M | ||
| Q3 24 | $594.9M | $127.9M | ||
| Q2 24 | $1.1B | $74.2M | ||
| Q1 24 | $526.9M | $137.9M |
总债务ESTCRGLD
| Q4 25 | $570.3M | — | ||
| Q3 25 | $570.0M | — | ||
| Q2 25 | $569.7M | — | ||
| Q1 25 | $569.4M | — | ||
| Q4 24 | $569.2M | — | ||
| Q3 24 | $568.9M | $0 | ||
| Q2 24 | $568.6M | $50.0M | ||
| Q1 24 | $568.3M | — |
股东权益ESTCRGLD
| Q4 25 | $891.1M | $7.2B | ||
| Q3 25 | $971.4M | $3.4B | ||
| Q2 25 | $927.2M | $3.3B | ||
| Q1 25 | $859.1M | $3.2B | ||
| Q4 24 | $811.5M | $3.1B | ||
| Q3 24 | $759.4M | $3.0B | ||
| Q2 24 | $738.2M | $3.0B | ||
| Q1 24 | $707.8M | $2.9B |
总资产ESTCRGLD
| Q4 25 | $2.5B | $9.5B | ||
| Q3 25 | $2.5B | $4.5B | ||
| Q2 25 | $2.6B | $3.6B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.2B | $3.4B | ||
| Q3 24 | $2.2B | $3.3B | ||
| Q2 24 | $2.2B | $3.3B | ||
| Q1 24 | $2.1B | $3.3B |
负债/权益比ESTCRGLD
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.75× | 0.00× | ||
| Q2 24 | 0.77× | 0.02× | ||
| Q1 24 | 0.80× | — |
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 | $26.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | — |
| 自由现金流率自由现金流/营收 | 6.1% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 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 | $302.3M | — |
8季度趋势，按日历期对齐
经营现金流ESTCRGLD
| Q4 25 | $26.6M | $241.7M | ||
| Q3 25 | $104.8M | $174.0M | ||
| Q2 25 | $87.0M | $152.8M | ||
| Q1 25 | $88.1M | $136.4M | ||
| Q4 24 | $38.4M | $141.1M | ||
| Q3 24 | $52.8M | $136.7M | ||
| Q2 24 | $60.9M | $113.5M | ||
| Q1 24 | $52.4M | $138.3M |
自由现金流ESTCRGLD
| Q4 25 | $26.0M | — | ||
| Q3 25 | $104.2M | — | ||
| Q2 25 | $84.9M | — | ||
| Q1 25 | $87.3M | — | ||
| Q4 24 | $37.7M | — | ||
| Q3 24 | $52.0M | — | ||
| Q2 24 | $60.1M | — | ||
| Q1 24 | $51.3M | — |
自由现金流率ESTCRGLD
| Q4 25 | 6.1% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 21.8% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 17.9% | — | ||
| Q1 24 | 15.6% | — |
资本支出强度ESTCRGLD
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.3% | — |
现金转化率ESTCRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | 0.30× | 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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
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% |
