vs
Funko, Inc.（FNKO）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Funko, Inc.的1.4倍（$375.3M vs $273.1M），ROYAL GOLD INC净利率更高（24.9% vs -0.1%，领先25.0%），ROYAL GOLD INC同比增速更快（85.3% vs -7.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 12.5%）
Funko是一家美国知名流行文化周边收藏品牌，主打获得IP授权的限量收藏商品，以 vinyl 搪胶收藏人偶和摇头公仔闻名，同时也生产授权毛绒玩具、可动玩偶、服饰、配件及周边桌游。该品牌由迈克·贝克尔与克劳迪娅·贝克尔于1998年创立，最初只是主打复古怀旧风的小型手工玩具项目。
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。
FNKO vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.4倍
$273.1M
营收增速更快
RGLD
高出92.3%
-7.0%
净利率更高
RGLD
高出25.0%
-0.1%
两年增速更快
RGLD
近两年复合增速
12.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.1M | $375.3M |
| 净利润 | $-183.0K | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 2.2% | 56.2% |
| 净利率 | -0.1% | 24.9% |
| 营收同比 | -7.0% | 85.3% |
| 净利润同比 | 87.8% | -12.8% |
| 每股收益（稀释后） | $0.00 | $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FNKORGLD
| Q4 25 | $273.1M | $375.3M | ||
| Q3 25 | $250.9M | $252.1M | ||
| Q2 25 | $193.5M | $209.6M | ||
| Q1 25 | $190.7M | $193.4M | ||
| Q4 24 | $293.7M | $202.6M | ||
| Q3 24 | $292.8M | $193.8M | ||
| Q2 24 | $247.7M | $174.1M | ||
| Q1 24 | $215.7M | $148.9M |
净利润FNKORGLD
| Q4 25 | $-183.0K | $93.6M | ||
| Q3 25 | $901.0K | $126.8M | ||
| Q2 25 | $-40.5M | $132.3M | ||
| Q1 25 | $-27.6M | $113.5M | ||
| Q4 24 | $-1.5M | $107.4M | ||
| Q3 24 | $4.3M | $96.2M | ||
| Q2 24 | $5.1M | $81.2M | ||
| Q1 24 | $-22.7M | $47.2M |
毛利率FNKORGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | 40.9% | 66.6% | ||
| Q2 24 | 42.0% | 64.7% | ||
| Q1 24 | 40.0% | 58.4% |
营业利润率FNKORGLD
| Q4 25 | 2.2% | 56.2% | ||
| Q3 25 | 2.6% | 64.4% | ||
| Q2 25 | -18.0% | 67.7% | ||
| Q1 25 | -12.2% | 63.6% | ||
| Q4 24 | 1.8% | 65.9% | ||
| Q3 24 | 4.0% | 61.3% | ||
| Q2 24 | 4.3% | 58.6% | ||
| Q1 24 | -6.9% | 50.7% |
净利率FNKORGLD
| Q4 25 | -0.1% | 24.9% | ||
| Q3 25 | 0.4% | 50.3% | ||
| Q2 25 | -20.9% | 63.1% | ||
| Q1 25 | -14.5% | 58.7% | ||
| Q4 24 | -0.5% | 53.0% | ||
| Q3 24 | 1.5% | 49.7% | ||
| Q2 24 | 2.1% | 46.6% | ||
| Q1 24 | -10.5% | 31.7% |
每股收益（稀释后）FNKORGLD
| Q4 25 | $0.00 | $1.04 | ||
| Q3 25 | $0.02 | $1.92 | ||
| Q2 25 | $-0.74 | $2.01 | ||
| Q1 25 | $-0.52 | $1.72 | ||
| Q4 24 | $-0.01 | $1.63 | ||
| Q3 24 | $0.08 | $1.46 | ||
| Q2 24 | $0.10 | $1.23 | ||
| Q1 24 | $-0.45 | $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 | $42.1M | $233.7M |
| 总债务越低越好 | $100.3M | — |
| 股东权益账面价值 | $185.8M | $7.2B |
| 总资产 | $685.2M | $9.5B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资FNKORGLD
| Q4 25 | $42.1M | $233.7M | ||
| Q3 25 | $39.2M | $172.8M | ||
| Q2 25 | $49.2M | $248.2M | ||
| Q1 25 | $25.9M | $240.8M | ||
| Q4 24 | $34.7M | $195.5M | ||
| Q3 24 | $28.5M | $127.9M | ||
| Q2 24 | $41.6M | $74.2M | ||
| Q1 24 | $26.1M | $137.9M |
总债务FNKORGLD
| Q4 25 | $100.3M | — | ||
| Q3 25 | $106.0M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $117.2M | — | ||
| Q4 24 | $122.8M | — | ||
| Q3 24 | $128.4M | $0 | ||
| Q2 24 | $133.9M | $50.0M | ||
| Q1 24 | $139.4M | — |
股东权益FNKORGLD
| Q4 25 | $185.8M | $7.2B | ||
| Q3 25 | $182.7M | $3.4B | ||
| Q2 25 | $181.2M | $3.3B | ||
| Q1 25 | $212.8M | $3.2B | ||
| Q4 24 | $233.0M | $3.1B | ||
| Q3 24 | $236.5M | $3.0B | ||
| Q2 24 | $223.5M | $3.0B | ||
| Q1 24 | $212.5M | $2.9B |
总资产FNKORGLD
| Q4 25 | $685.2M | $9.5B | ||
| Q3 25 | $699.3M | $4.5B | ||
| Q2 25 | $694.9M | $3.6B | ||
| Q1 25 | $648.4M | $3.5B | ||
| Q4 24 | $707.3M | $3.4B | ||
| Q3 24 | $783.6M | $3.3B | ||
| Q2 24 | $737.8M | $3.3B | ||
| Q1 24 | $725.5M | $3.3B |
负债/权益比FNKORGLD
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.58× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.55× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.54× | 0.00× | ||
| Q2 24 | 0.60× | 0.02× | ||
| Q1 24 | 0.66× | — |
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 | $28.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $19.2M | — |
| 自由现金流率自由现金流/营收 | 7.0% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 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 | $-38.1M | — |
8季度趋势，按日历期对齐
经营现金流FNKORGLD
| Q4 25 | $28.1M | $241.7M | ||
| Q3 25 | $11.2M | $174.0M | ||
| Q2 25 | $-22.2M | $152.8M | ||
| Q1 25 | $-22.3M | $136.4M | ||
| Q4 24 | $59.8M | $141.1M | ||
| Q3 24 | $3.3M | $136.7M | ||
| Q2 24 | $45.9M | $113.5M | ||
| Q1 24 | $14.5M | $138.3M |
自由现金流FNKORGLD
| Q4 25 | $19.2M | — | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $-31.8M | — | ||
| Q1 25 | $-28.8M | — | ||
| Q4 24 | $47.8M | — | ||
| Q3 24 | $-4.2M | — | ||
| Q2 24 | $36.8M | — | ||
| Q1 24 | $10.3M | — |
自由现金流率FNKORGLD
| Q4 25 | 7.0% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | -16.5% | — | ||
| Q1 25 | -15.1% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | -1.4% | — | ||
| Q2 24 | 14.9% | — | ||
| Q1 24 | 4.8% | — |
资本支出强度FNKORGLD
| Q4 25 | 3.3% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | 1.9% | — |
现金转化率FNKORGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 12.47× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 0.77× | 1.42× | ||
| Q2 24 | 8.97× | 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
FNKO
| Core Collectibles | $221.0M | 81% |
| Loungefly LLC | $43.1M | 16% |
| Other Products Excluding Core Collectibles And Loungefly Brands | $9.0M | 3% |
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% |
