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Fortrea Holdings Inc.（FTRE）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
Fortrea Holdings Inc.的季度营收约是ROYAL GOLD INC的1.8倍（$660.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -4.9%，领先29.9%），ROYAL GOLD INC同比增速更快（85.3% vs -5.2%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -0.1%）
Fortrea Holdings Inc.是一家总部位于美国北卡罗来纳州达勒姆、注册地为特拉华州的合同研究组织，业务覆盖90个国家，主要服务制药、生物技术和医疗器械行业客户，为相关领域的研发提供专业支持。
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。
FTRE vs RGLD — 直观对比
营收规模更大
FTRE
是对方的1.8倍
$375.3M
营收增速更快
RGLD
高出90.5%
-5.2%
净利率更高
RGLD
高出29.9%
-4.9%
两年增速更快
RGLD
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $660.5M | $375.3M |
| 净利润 | $-32.5M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | -2.1% | 56.2% |
| 净利率 | -4.9% | 24.9% |
| 营收同比 | -5.2% | 85.3% |
| 净利润同比 | 46.9% | -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FTRERGLD
| Q4 25 | $660.5M | $375.3M | ||
| Q3 25 | $701.3M | $252.1M | ||
| Q2 25 | $710.3M | $209.6M | ||
| Q1 25 | $651.3M | $193.4M | ||
| Q4 24 | $697.0M | $202.6M | ||
| Q3 24 | $674.9M | $193.8M | ||
| Q2 24 | $662.4M | $174.1M | ||
| Q1 24 | $662.1M | $148.9M |
净利润FTRERGLD
| Q4 25 | $-32.5M | $93.6M | ||
| Q3 25 | $-15.9M | $126.8M | ||
| Q2 25 | $-374.9M | $132.3M | ||
| Q1 25 | $-562.9M | $113.5M | ||
| Q4 24 | $-61.2M | $107.4M | ||
| Q3 24 | $-27.9M | $96.2M | ||
| Q2 24 | $-138.4M | $81.2M | ||
| Q1 24 | $-101.0M | $47.2M |
毛利率FTRERGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率FTRERGLD
| Q4 25 | -2.1% | 56.2% | ||
| Q3 25 | -1.2% | 64.4% | ||
| Q2 25 | -46.5% | 67.7% | ||
| Q1 25 | -79.9% | 63.6% | ||
| Q4 24 | -8.0% | 65.9% | ||
| Q3 24 | -2.7% | 61.3% | ||
| Q2 24 | -7.7% | 58.6% | ||
| Q1 24 | -5.6% | 50.7% |
净利率FTRERGLD
| Q4 25 | -4.9% | 24.9% | ||
| Q3 25 | -2.3% | 50.3% | ||
| Q2 25 | -52.8% | 63.1% | ||
| Q1 25 | -86.4% | 58.7% | ||
| Q4 24 | -8.8% | 53.0% | ||
| Q3 24 | -4.1% | 49.7% | ||
| Q2 24 | -20.9% | 46.6% | ||
| Q1 24 | -15.3% | 31.7% |
每股收益（稀释后）FTRERGLD
| Q4 25 | $-0.25 | $1.04 | ||
| Q3 25 | $-0.17 | $1.92 | ||
| Q2 25 | $-4.14 | $2.01 | ||
| Q1 25 | $-6.25 | $1.72 | ||
| Q4 24 | $-0.68 | $1.63 | ||
| Q3 24 | $-0.31 | $1.46 | ||
| Q2 24 | $-1.55 | $1.23 | ||
| Q1 24 | $-1.13 | $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 | $174.6M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $563.5M | $7.2B |
| 总资产 | $2.7B | $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FTRERGLD
| Q4 25 | $174.6M | $233.7M | ||
| Q3 25 | $131.3M | $172.8M | ||
| Q2 25 | $81.2M | $248.2M | ||
| Q1 25 | $101.6M | $240.8M | ||
| Q4 24 | $118.5M | $195.5M | ||
| Q3 24 | $105.3M | $127.9M | ||
| Q2 24 | $126.2M | $74.2M | ||
| Q1 24 | $92.8M | $137.9M |
总债务FTRERGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益FTRERGLD
| Q4 25 | $563.5M | $7.2B | ||
| Q3 25 | $580.8M | $3.4B | ||
| Q2 25 | $589.2M | $3.3B | ||
| Q1 25 | $858.8M | $3.2B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | $1.5B | $3.0B | ||
| Q2 24 | $1.5B | $3.0B | ||
| Q1 24 | $1.6B | $2.9B |
总资产FTRERGLD
| Q4 25 | $2.7B | $9.5B | ||
| Q3 25 | $2.7B | $4.5B | ||
| Q2 25 | $2.8B | $3.6B | ||
| Q1 25 | $3.1B | $3.5B | ||
| Q4 24 | $3.6B | $3.4B | ||
| Q3 24 | $3.7B | $3.3B | ||
| Q2 24 | $3.6B | $3.3B | ||
| Q1 24 | $4.2B | $3.3B |
负债/权益比FTRERGLD
| 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 | $129.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $121.6M | — |
| 自由现金流率自由现金流/营收 | 18.4% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 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 | $88.3M | — |
8季度趋势，按日历期对齐
经营现金流FTRERGLD
| Q4 25 | $129.1M | $241.7M | ||
| Q3 25 | $86.8M | $174.0M | ||
| Q2 25 | $21.8M | $152.8M | ||
| Q1 25 | $-124.2M | $136.4M | ||
| Q4 24 | $17.1M | $141.1M | ||
| Q3 24 | $-2.4M | $136.7M | ||
| Q2 24 | $273.7M | $113.5M | ||
| Q1 24 | $-25.6M | $138.3M |
自由现金流FTRERGLD
| Q4 25 | $121.6M | — | ||
| Q3 25 | $79.5M | — | ||
| Q2 25 | $14.3M | — | ||
| Q1 25 | $-127.1M | — | ||
| Q4 24 | $13.9M | — | ||
| Q3 24 | $-10.6M | — | ||
| Q2 24 | $262.5M | — | ||
| Q1 24 | $-34.9M | — |
自由现金流率FTRERGLD
| Q4 25 | 18.4% | — | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | -19.5% | — | ||
| Q4 24 | 2.0% | — | ||
| Q3 24 | -1.6% | — | ||
| Q2 24 | 39.6% | — | ||
| Q1 24 | -5.3% | — |
资本支出强度FTRERGLD
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.4% | — |
现金转化率FTRERGLD
| 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
FTRE
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% |
