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化石集团（FOSL）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的季度营收约是化石集团的1.4倍（$375.3M vs $270.2M），ROYAL GOLD INC净利率更高（24.9% vs -14.8%，领先39.8%），ROYAL GOLD INC同比增速更快（85.3% vs -21.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -11.4%）
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
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。
FOSL vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.4倍
$270.2M
营收增速更快
RGLD
高出106.4%
-21.1%
净利率更高
RGLD
高出39.8%
-14.8%
两年增速更快
RGLD
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.2M | $375.3M |
| 净利润 | $-40.0M | $93.6M |
| 毛利率 | 49.0% | 64.6% |
| 营业利润率 | -8.0% | 56.2% |
| 净利率 | -14.8% | 24.9% |
| 营收同比 | -21.1% | 85.3% |
| 净利润同比 | -257.8% | -12.8% |
| 每股收益（稀释后） | $-0.76 | $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FOSLRGLD
| Q4 25 | $270.2M | $375.3M | ||
| Q3 25 | $220.4M | $252.1M | ||
| Q2 25 | $233.3M | $209.6M | ||
| Q1 25 | — | $193.4M | ||
| Q4 24 | $342.3M | $202.6M | ||
| Q3 24 | $287.8M | $193.8M | ||
| Q2 24 | $260.0M | $174.1M | ||
| Q1 24 | $254.9M | $148.9M |
净利润FOSLRGLD
| Q4 25 | $-40.0M | $93.6M | ||
| Q3 25 | $-2.1M | $126.8M | ||
| Q2 25 | $-17.9M | $132.3M | ||
| Q1 25 | — | $113.5M | ||
| Q4 24 | $-11.2M | $107.4M | ||
| Q3 24 | $-31.9M | $96.2M | ||
| Q2 24 | $-38.8M | $81.2M | ||
| Q1 24 | $-24.3M | $47.2M |
毛利率FOSLRGLD
| Q4 25 | 49.0% | 64.6% | ||
| Q3 25 | 57.5% | 73.6% | ||
| Q2 25 | 61.3% | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | 53.9% | 70.3% | ||
| Q3 24 | 49.4% | 66.6% | ||
| Q2 24 | 52.6% | 64.7% | ||
| Q1 24 | 52.4% | 58.4% |
营业利润率FOSLRGLD
| Q4 25 | -8.0% | 56.2% | ||
| Q3 25 | 3.9% | 64.4% | ||
| Q2 25 | -2.9% | 67.7% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | -4.8% | 65.9% | ||
| Q3 24 | -8.5% | 61.3% | ||
| Q2 24 | -13.1% | 58.6% | ||
| Q1 24 | -11.5% | 50.7% |
净利率FOSLRGLD
| Q4 25 | -14.8% | 24.9% | ||
| Q3 25 | -1.0% | 50.3% | ||
| Q2 25 | -7.7% | 63.1% | ||
| Q1 25 | — | 58.7% | ||
| Q4 24 | -3.3% | 53.0% | ||
| Q3 24 | -11.1% | 49.7% | ||
| Q2 24 | -14.9% | 46.6% | ||
| Q1 24 | -9.5% | 31.7% |
每股收益（稀释后）FOSLRGLD
| Q4 25 | $-0.76 | $1.04 | ||
| Q3 25 | $-0.04 | $1.92 | ||
| Q2 25 | $-0.33 | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | $-0.15 | $1.63 | ||
| Q3 24 | $-0.60 | $1.46 | ||
| Q2 24 | $-0.73 | $1.23 | ||
| Q1 24 | $-0.46 | $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 | $79.2M | $233.7M |
| 总债务越低越好 | $169.1M | — |
| 股东权益账面价值 | $112.6M | $7.2B |
| 总资产 | $701.0M | $9.5B |
| 负债/权益比越低杠杆越低 | 1.50× | — |
8季度趋势，按日历期对齐
现金及短期投资FOSLRGLD
| Q4 25 | $79.2M | $233.7M | ||
| Q3 25 | $109.9M | $172.8M | ||
| Q2 25 | $78.3M | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | $123.6M | $195.5M | ||
| Q3 24 | $106.3M | $127.9M | ||
| Q2 24 | $104.9M | $74.2M | ||
| Q1 24 | $112.9M | $137.9M |
总债务FOSLRGLD
| Q4 25 | $169.1M | — | ||
| Q3 25 | $165.6M | — | ||
| Q2 25 | $167.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $162.7M | — | ||
| Q3 24 | $173.4M | $0 | ||
| Q2 24 | $156.5M | $50.0M | ||
| Q1 24 | $202.9M | — |
股东权益FOSLRGLD
| Q4 25 | $112.6M | $7.2B | ||
| Q3 25 | $150.3M | $3.4B | ||
| Q2 25 | $140.6M | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $148.7M | $3.1B | ||
| Q3 24 | $164.4M | $3.0B | ||
| Q2 24 | $189.6M | $3.0B | ||
| Q1 24 | $229.1M | $2.9B |
总资产FOSLRGLD
| Q4 25 | $701.0M | $9.5B | ||
| Q3 25 | $704.5M | $4.5B | ||
| Q2 25 | $686.0M | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $763.6M | $3.4B | ||
| Q3 24 | $812.4M | $3.3B | ||
| Q2 24 | $785.7M | $3.3B | ||
| Q1 24 | $891.0M | $3.3B |
负债/权益比FOSLRGLD
| Q4 25 | 1.50× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.06× | 0.00× | ||
| Q2 24 | 0.83× | 0.02× | ||
| Q1 24 | 0.89× | — |
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 | $-22.2M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-22.5M | — |
| 自由现金流率自由现金流/营收 | -8.3% | — |
| 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 | $-46.0M | — |
8季度趋势，按日历期对齐
经营现金流FOSLRGLD
| Q4 25 | $-22.2M | $241.7M | ||
| Q3 25 | $9.4M | $174.0M | ||
| Q2 25 | $-60.4M | $152.8M | ||
| Q1 25 | — | $136.4M | ||
| Q4 24 | $30.5M | $141.1M | ||
| Q3 24 | $-22.8M | $136.7M | ||
| Q2 24 | $38.4M | $113.5M | ||
| Q1 24 | $622.0K | $138.3M |
自由现金流FOSLRGLD
| Q4 25 | $-22.5M | — | ||
| Q3 25 | $8.6M | — | ||
| Q2 25 | $-60.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $28.5M | — | ||
| Q3 24 | $-24.1M | — | ||
| Q2 24 | $36.6M | — | ||
| Q1 24 | $-1.1M | — |
自由现金流率FOSLRGLD
| Q4 25 | -8.3% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | -26.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | -8.4% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | -0.4% | — |
资本支出强度FOSLRGLD
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.7% | — |
现金转化率FOSLRGLD
| 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 | — | 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
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
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% |
