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FORMFACTOR INC（FORM）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FORMFACTOR INC的1.7倍（$375.3M vs $226.1M），ROYAL GOLD INC净利率更高（24.9% vs 9.0%，领先15.9%），ROYAL GOLD INC同比增速更快（85.3% vs 32.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 7.0%）
FormFactor Inc.总部位于美国加利福尼亚州利弗莫尔，是集成电路测试测量技术领域的知名供应商，面向半导体行业客户提供各类专业产品，助力客户优化器件性能，提升芯片研发与生产环节的测试效率。
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。
FORM vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.7倍
$226.1M
营收增速更快
RGLD
高出53.3%
32.0%
净利率更高
RGLD
高出15.9%
9.0%
两年增速更快
RGLD
近两年复合增速
7.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $226.1M | $375.3M |
| 净利润 | $20.4M | $93.6M |
| 毛利率 | 38.4% | 64.6% |
| 营业利润率 | 7.4% | 56.2% |
| 净利率 | 9.0% | 24.9% |
| 营收同比 | 32.0% | 85.3% |
| 净利润同比 | 218.5% | -12.8% |
| 每股收益（稀释后） | $0.26 | $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FORMRGLD
| Q1 26 | $226.1M | — | ||
| Q4 25 | $215.2M | $375.3M | ||
| Q3 25 | $202.7M | $252.1M | ||
| Q2 25 | $195.8M | $209.6M | ||
| Q1 25 | $171.4M | $193.4M | ||
| Q4 24 | $189.5M | $202.6M | ||
| Q3 24 | $207.9M | $193.8M | ||
| Q2 24 | $197.5M | $174.1M |
净利润FORMRGLD
| Q1 26 | $20.4M | — | ||
| Q4 25 | $23.2M | $93.6M | ||
| Q3 25 | $15.7M | $126.8M | ||
| Q2 25 | $9.1M | $132.3M | ||
| Q1 25 | $6.4M | $113.5M | ||
| Q4 24 | $9.7M | $107.4M | ||
| Q3 24 | $18.7M | $96.2M | ||
| Q2 24 | $19.4M | $81.2M |
毛利率FORMRGLD
| Q1 26 | 38.4% | — | ||
| Q4 25 | 42.2% | 64.6% | ||
| Q3 25 | 39.8% | 73.6% | ||
| Q2 25 | 37.3% | 72.6% | ||
| Q1 25 | 37.7% | 69.4% | ||
| Q4 24 | 38.8% | 70.3% | ||
| Q3 24 | 40.7% | 66.6% | ||
| Q2 24 | 44.0% | 64.7% |
营业利润率FORMRGLD
| Q1 26 | 7.4% | — | ||
| Q4 25 | 10.9% | 56.2% | ||
| Q3 25 | 8.9% | 64.4% | ||
| Q2 25 | 6.3% | 67.7% | ||
| Q1 25 | 1.9% | 63.6% | ||
| Q4 24 | 4.1% | 65.9% | ||
| Q3 24 | 8.6% | 61.3% | ||
| Q2 24 | 9.0% | 58.6% |
净利率FORMRGLD
| Q1 26 | 9.0% | — | ||
| Q4 25 | 10.8% | 24.9% | ||
| Q3 25 | 7.7% | 50.3% | ||
| Q2 25 | 4.6% | 63.1% | ||
| Q1 25 | 3.7% | 58.7% | ||
| Q4 24 | 5.1% | 53.0% | ||
| Q3 24 | 9.0% | 49.7% | ||
| Q2 24 | 9.8% | 46.6% |
每股收益（稀释后）FORMRGLD
| Q1 26 | $0.26 | — | ||
| Q4 25 | $0.29 | $1.04 | ||
| Q3 25 | $0.20 | $1.92 | ||
| Q2 25 | $0.12 | $2.01 | ||
| Q1 25 | $0.08 | $1.72 | ||
| Q4 24 | $0.12 | $1.63 | ||
| Q3 24 | $0.24 | $1.46 | ||
| Q2 24 | $0.25 | $1.23 |
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 | $123.5M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $7.2B |
| 总资产 | $1.3B | $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FORMRGLD
| Q1 26 | $123.5M | — | ||
| Q4 25 | $103.3M | $233.7M | ||
| Q3 25 | $266.0M | $172.8M | ||
| Q2 25 | $249.3M | $248.2M | ||
| Q1 25 | $299.0M | $240.8M | ||
| Q4 24 | $360.0M | $195.5M | ||
| Q3 24 | $354.5M | $127.9M | ||
| Q2 24 | $357.6M | $74.2M |
总债务FORMRGLD
| Q1 26 | — | — | ||
| Q4 25 | $12.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $13.3M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益FORMRGLD
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $7.2B | ||
| Q3 25 | $1.0B | $3.4B | ||
| Q2 25 | $990.0M | $3.3B | ||
| Q1 25 | $965.9M | $3.2B | ||
| Q4 24 | $947.8M | $3.1B | ||
| Q3 24 | $955.0M | $3.0B | ||
| Q2 24 | $947.9M | $3.0B |
总资产FORMRGLD
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.2B | $9.5B | ||
| Q3 25 | $1.2B | $4.5B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.2B | $3.3B | ||
| Q2 24 | $1.2B | $3.3B |
负债/权益比FORMRGLD
| Q1 26 | — | — | ||
| Q4 25 | 0.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
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 | $45.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $30.7M | — |
| 自由现金流率自由现金流/营收 | 13.6% | — |
| 资本支出强度资本支出/营收 | 6.7% | — |
| 现金转化率经营现金流/净利润 | 2.21× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $37.5M | — |
8季度趋势，按日历期对齐
经营现金流FORMRGLD
| Q1 26 | $45.0M | — | ||
| Q4 25 | $46.0M | $241.7M | ||
| Q3 25 | $27.0M | $174.0M | ||
| Q2 25 | $18.9M | $152.8M | ||
| Q1 25 | $23.5M | $136.4M | ||
| Q4 24 | $35.9M | $141.1M | ||
| Q3 24 | $26.7M | $136.7M | ||
| Q2 24 | $21.9M | $113.5M |
自由现金流FORMRGLD
| Q1 26 | $30.7M | — | ||
| Q4 25 | $34.7M | — | ||
| Q3 25 | $19.5M | — | ||
| Q2 25 | $-47.4M | — | ||
| Q1 25 | $5.0M | — | ||
| Q4 24 | $28.3M | — | ||
| Q3 24 | $17.8M | — | ||
| Q2 24 | $13.5M | — |
自由现金流率FORMRGLD
| Q1 26 | 13.6% | — | ||
| Q4 25 | 16.1% | — | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | -24.2% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 8.6% | — | ||
| Q2 24 | 6.8% | — |
资本支出强度FORMRGLD
| Q1 26 | 6.7% | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 4.3% | — |
现金转化率FORMRGLD
| Q1 26 | 2.21× | — | ||
| Q4 25 | 1.98× | 2.58× | ||
| Q3 25 | 1.72× | 1.37× | ||
| Q2 25 | 2.08× | 1.15× | ||
| Q1 25 | 3.68× | 1.20× | ||
| Q4 24 | 3.70× | 1.31× | ||
| Q3 24 | 1.43× | 1.42× | ||
| Q2 24 | 1.13× | 1.40× |
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
FORM
暂无分部数据
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% |
