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进步能源（FLNC）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
进步能源的季度营收约是ROYAL GOLD INC的1.3倍（$475.2M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -9.5%，领先34.4%），进步能源同比增速更快（154.4% vs 85.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -12.7%）
进步能源是一家电力生产与分销企业，并入杜克能源前为财富500强能源企业，总发电容量超21000兆瓦，年营收达90亿美元。公司总部位于北卡罗来纳州罗利，旗下拥有两家大型电力公用事业公司，为卡罗来纳州及佛罗里达州约310万用户提供服务。
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。
FLNC vs RGLD — 直观对比
营收规模更大
FLNC
是对方的1.3倍
$375.3M
营收增速更快
FLNC
高出69.1%
85.3%
净利率更高
RGLD
高出34.4%
-9.5%
两年增速更快
RGLD
近两年复合增速
-12.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $475.2M | $375.3M |
| 净利润 | $-45.1M | $93.6M |
| 毛利率 | 4.9% | 64.6% |
| 营业利润率 | -14.8% | 56.2% |
| 净利率 | -9.5% | 24.9% |
| 营收同比 | 154.4% | 85.3% |
| 净利润同比 | -8.7% | -12.8% |
| 每股收益（稀释后） | $-0.34 | $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FLNCRGLD
| Q4 25 | $475.2M | $375.3M | ||
| Q3 25 | $1.0B | $252.1M | ||
| Q2 25 | $602.5M | $209.6M | ||
| Q1 25 | $431.6M | $193.4M | ||
| Q4 24 | $186.8M | $202.6M | ||
| Q3 24 | $1.2B | $193.8M | ||
| Q2 24 | $483.3M | $174.1M | ||
| Q1 24 | $623.1M | $148.9M |
净利润FLNCRGLD
| Q4 25 | $-45.1M | $93.6M | ||
| Q3 25 | $17.9M | $126.8M | ||
| Q2 25 | $6.3M | $132.3M | ||
| Q1 25 | $-31.0M | $113.5M | ||
| Q4 24 | $-41.5M | $107.4M | ||
| Q3 24 | $47.8M | $96.2M | ||
| Q2 24 | $785.0K | $81.2M | ||
| Q1 24 | $-9.2M | $47.2M |
毛利率FLNCRGLD
| Q4 25 | 4.9% | 64.6% | ||
| Q3 25 | 13.7% | 73.6% | ||
| Q2 25 | 14.8% | 72.6% | ||
| Q1 25 | 9.9% | 69.4% | ||
| Q4 24 | 11.4% | 70.3% | ||
| Q3 24 | 12.8% | 66.6% | ||
| Q2 24 | 17.2% | 64.7% | ||
| Q1 24 | 10.3% | 58.4% |
营业利润率FLNCRGLD
| Q4 25 | -14.8% | 56.2% | ||
| Q3 25 | 4.4% | 64.4% | ||
| Q2 25 | 1.9% | 67.7% | ||
| Q1 25 | -10.2% | 63.6% | ||
| Q4 24 | -31.4% | 65.9% | ||
| Q3 24 | 6.2% | 61.3% | ||
| Q2 24 | 1.1% | 58.6% | ||
| Q1 24 | -2.3% | 50.7% |
净利率FLNCRGLD
| Q4 25 | -9.5% | 24.9% | ||
| Q3 25 | 1.7% | 50.3% | ||
| Q2 25 | 1.0% | 63.1% | ||
| Q1 25 | -7.2% | 58.7% | ||
| Q4 24 | -22.2% | 53.0% | ||
| Q3 24 | 3.9% | 49.7% | ||
| Q2 24 | 0.2% | 46.6% | ||
| Q1 24 | -1.5% | 31.7% |
每股收益（稀释后）FLNCRGLD
| Q4 25 | $-0.34 | $1.04 | ||
| Q3 25 | $0.18 | $1.92 | ||
| Q2 25 | $0.01 | $2.01 | ||
| Q1 25 | $-0.24 | $1.72 | ||
| Q4 24 | $-0.32 | $1.63 | ||
| Q3 24 | $0.34 | $1.46 | ||
| Q2 24 | $0.00 | $1.23 | ||
| Q1 24 | $-0.07 | $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 | $452.6M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $388.0M | $7.2B |
| 总资产 | $2.3B | $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FLNCRGLD
| Q4 25 | $452.6M | $233.7M | ||
| Q3 25 | $690.8M | $172.8M | ||
| Q2 25 | $436.3M | $248.2M | ||
| Q1 25 | $568.6M | $240.8M | ||
| Q4 24 | $607.4M | $195.5M | ||
| Q3 24 | $448.7M | $127.9M | ||
| Q2 24 | $388.2M | $74.2M | ||
| Q1 24 | $411.8M | $137.9M |
总债务FLNCRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益FLNCRGLD
| Q4 25 | $388.0M | $7.2B | ||
| Q3 25 | $429.6M | $3.4B | ||
| Q2 25 | $407.4M | $3.3B | ||
| Q1 25 | $388.2M | $3.2B | ||
| Q4 24 | $409.4M | $3.1B | ||
| Q3 24 | $472.1M | $3.0B | ||
| Q2 24 | $421.2M | $3.0B | ||
| Q1 24 | $413.1M | $2.9B |
总资产FLNCRGLD
| Q4 25 | $2.3B | $9.5B | ||
| Q3 25 | $2.4B | $4.5B | ||
| Q2 25 | $2.1B | $3.6B | ||
| Q1 25 | $2.3B | $3.5B | ||
| Q4 24 | $2.2B | $3.4B | ||
| Q3 24 | $1.9B | $3.3B | ||
| Q2 24 | $1.7B | $3.3B | ||
| Q1 24 | $1.5B | $3.3B |
负债/权益比FLNCRGLD
| 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 | $-226.8M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-232.6M | — |
| 自由现金流率自由现金流/营收 | -48.9% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | $-179.7M | — |
8季度趋势，按日历期对齐
经营现金流FLNCRGLD
| Q4 25 | $-226.8M | $241.7M | ||
| Q3 25 | $265.7M | $174.0M | ||
| Q2 25 | $-153.9M | $152.8M | ||
| Q1 25 | $-46.2M | $136.4M | ||
| Q4 24 | $-211.2M | $141.1M | ||
| Q3 24 | $10.5M | $136.7M | ||
| Q2 24 | $-21.1M | $113.5M | ||
| Q1 24 | $70.9M | $138.3M |
自由现金流FLNCRGLD
| Q4 25 | $-232.6M | — | ||
| Q3 25 | $260.9M | — | ||
| Q2 25 | $-157.4M | — | ||
| Q1 25 | $-50.5M | — | ||
| Q4 24 | $-213.3M | — | ||
| Q3 24 | $7.3M | — | ||
| Q2 24 | $-23.5M | — | ||
| Q1 24 | $69.9M | — |
自由现金流率FLNCRGLD
| Q4 25 | -48.9% | — | ||
| Q3 25 | 25.0% | — | ||
| Q2 25 | -26.1% | — | ||
| Q1 25 | -11.7% | — | ||
| Q4 24 | -114.2% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | -4.9% | — | ||
| Q1 24 | 11.2% | — |
资本支出强度FLNCRGLD
| Q4 25 | 1.2% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FLNCRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 14.81× | 1.37× | ||
| Q2 25 | -24.61× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 0.22× | 1.42× | ||
| Q2 24 | -26.87× | 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
FLNC
| Products | $450.9M | 95% |
| Services | $22.5M | 5% |
| Digital Applications And Solutions | $1.9M | 0% |
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% |
