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FORUM ENERGY TECHNOLOGIES, INC.（FET）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FORUM ENERGY TECHNOLOGIES, INC.的1.9倍（$375.3M vs $202.2M），ROYAL GOLD INC净利率更高（24.9% vs 1.0%，领先23.9%），ROYAL GOLD INC同比增速更快（85.3% vs 0.6%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -0.0%）
Forum Energy Technologies是一家美国能源领域产品企业，面向全球油气及可再生能源行业，提供相关产品与配套服务，在能源产业链中为上下游客户供应专业配套解决方案。
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。
FET vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.9倍
$202.2M
营收增速更快
RGLD
高出84.7%
0.6%
净利率更高
RGLD
高出23.9%
1.0%
两年增速更快
RGLD
近两年复合增速
-0.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $202.2M | $375.3M |
| 净利润 | $2.1M | $93.6M |
| 毛利率 | 30.2% | 64.6% |
| 营业利润率 | 6.3% | 56.2% |
| 净利率 | 1.0% | 24.9% |
| 营收同比 | 0.6% | 85.3% |
| 净利润同比 | 102.0% | -12.8% |
| 每股收益（稀释后） | $0.25 | $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FETRGLD
| Q4 25 | $202.2M | $375.3M | ||
| Q3 25 | $196.2M | $252.1M | ||
| Q2 25 | $199.8M | $209.6M | ||
| Q1 25 | $193.3M | $193.4M | ||
| Q4 24 | $201.0M | $202.6M | ||
| Q3 24 | $207.8M | $193.8M | ||
| Q2 24 | $205.2M | $174.1M | ||
| Q1 24 | $202.4M | $148.9M |
净利润FETRGLD
| Q4 25 | $2.1M | $93.6M | ||
| Q3 25 | $-20.6M | $126.8M | ||
| Q2 25 | $7.7M | $132.3M | ||
| Q1 25 | $1.1M | $113.5M | ||
| Q4 24 | $-103.5M | $107.4M | ||
| Q3 24 | $-14.8M | $96.2M | ||
| Q2 24 | $-6.7M | $81.2M | ||
| Q1 24 | $-10.3M | $47.2M |
毛利率FETRGLD
| Q4 25 | 30.2% | 64.6% | ||
| Q3 25 | 20.5% | 73.6% | ||
| Q2 25 | 29.7% | 72.6% | ||
| Q1 25 | 30.2% | 69.4% | ||
| Q4 24 | 31.1% | 70.3% | ||
| Q3 24 | 31.6% | 66.6% | ||
| Q2 24 | 30.7% | 64.7% | ||
| Q1 24 | 31.5% | 58.4% |
营业利润率FETRGLD
| Q4 25 | 6.3% | 56.2% | ||
| Q3 25 | -3.1% | 64.4% | ||
| Q2 25 | 7.4% | 67.7% | ||
| Q1 25 | 4.6% | 63.6% | ||
| Q4 24 | -53.1% | 65.9% | ||
| Q3 24 | 4.3% | 61.3% | ||
| Q2 24 | 3.9% | 58.6% | ||
| Q1 24 | 1.6% | 50.7% |
净利率FETRGLD
| Q4 25 | 1.0% | 24.9% | ||
| Q3 25 | -10.5% | 50.3% | ||
| Q2 25 | 3.9% | 63.1% | ||
| Q1 25 | 0.6% | 58.7% | ||
| Q4 24 | -51.5% | 53.0% | ||
| Q3 24 | -7.1% | 49.7% | ||
| Q2 24 | -3.3% | 46.6% | ||
| Q1 24 | -5.1% | 31.7% |
每股收益（稀释后）FETRGLD
| Q4 25 | $0.25 | $1.04 | ||
| Q3 25 | $-1.76 | $1.92 | ||
| Q2 25 | $0.61 | $2.01 | ||
| Q1 25 | $0.09 | $1.72 | ||
| Q4 24 | $-8.41 | $1.63 | ||
| Q3 24 | $-1.20 | $1.46 | ||
| Q2 24 | $-0.54 | $1.23 | ||
| Q1 24 | $-0.85 | $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 | $34.7M | $233.7M |
| 总债务越低越好 | $135.9M | — |
| 股东权益账面价值 | $291.1M | $7.2B |
| 总资产 | $752.5M | $9.5B |
| 负债/权益比越低杠杆越低 | 0.47× | — |
8季度趋势，按日历期对齐
现金及短期投资FETRGLD
| Q4 25 | $34.7M | $233.7M | ||
| Q3 25 | $31.7M | $172.8M | ||
| Q2 25 | $39.0M | $248.2M | ||
| Q1 25 | $31.1M | $240.8M | ||
| Q4 24 | $44.7M | $195.5M | ||
| Q3 24 | $33.3M | $127.9M | ||
| Q2 24 | $31.8M | $74.2M | ||
| Q1 24 | $48.5M | $137.9M |
总债务FETRGLD
| Q4 25 | $135.9M | — | ||
| Q3 25 | $140.0M | — | ||
| Q2 25 | $159.3M | — | ||
| Q1 25 | $171.4M | — | ||
| Q4 24 | $188.4M | — | ||
| Q3 24 | $231.5M | $0 | ||
| Q2 24 | $252.9M | $50.0M | ||
| Q1 24 | $287.5M | — |
股东权益FETRGLD
| Q4 25 | $291.1M | $7.2B | ||
| Q3 25 | $297.3M | $3.4B | ||
| Q2 25 | $334.2M | $3.3B | ||
| Q1 25 | $320.0M | $3.2B | ||
| Q4 24 | $319.9M | $3.1B | ||
| Q3 24 | $443.5M | $3.0B | ||
| Q2 24 | $442.0M | $3.0B | ||
| Q1 24 | $446.2M | $2.9B |
总资产FETRGLD
| Q4 25 | $752.5M | $9.5B | ||
| Q3 25 | $770.1M | $4.5B | ||
| Q2 25 | $810.1M | $3.6B | ||
| Q1 25 | $790.1M | $3.5B | ||
| Q4 24 | $816.0M | $3.4B | ||
| Q3 24 | $973.7M | $3.3B | ||
| Q2 24 | $976.8M | $3.3B | ||
| Q1 24 | $1.0B | $3.3B |
负债/权益比FETRGLD
| Q4 25 | 0.47× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.54× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.52× | 0.00× | ||
| Q2 24 | 0.57× | 0.02× | ||
| Q1 24 | 0.64× | — |
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 | $22.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $20.9M | — |
| 自由现金流率自由现金流/营收 | 10.3% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 10.83× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $64.4M | — |
8季度趋势，按日历期对齐
经营现金流FETRGLD
| Q4 25 | $22.4M | $241.7M | ||
| Q3 25 | $22.9M | $174.0M | ||
| Q2 25 | $15.8M | $152.8M | ||
| Q1 25 | $9.3M | $136.4M | ||
| Q4 24 | $38.5M | $141.1M | ||
| Q3 24 | $25.6M | $136.7M | ||
| Q2 24 | $23.1M | $113.5M | ||
| Q1 24 | $5.0M | $138.3M |
自由现金流FETRGLD
| Q4 25 | $20.9M | — | ||
| Q3 25 | $21.5M | — | ||
| Q2 25 | $14.8M | — | ||
| Q1 25 | $7.2M | — | ||
| Q4 24 | $36.1M | — | ||
| Q3 24 | $24.3M | — | ||
| Q2 24 | $21.6M | — | ||
| Q1 24 | $2.1M | — |
自由现金流率FETRGLD
| Q4 25 | 10.3% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 7.4% | — | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 11.7% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 1.0% | — |
资本支出强度FETRGLD
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FETRGLD
| Q4 25 | 10.83× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 2.05× | 1.15× | ||
| Q1 25 | 8.31× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 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
FET
| Drilling And Completions Segment | $127.2M | 63% |
| Artificial Lift And Downhole Segment | $75.5M | 37% |
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% |
