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GigaCloud Technology Inc（GCT）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GigaCloud Technology Inc的1.1倍（$375.3M vs $332.6M），ROYAL GOLD INC净利率更高（24.9% vs 11.2%，领先13.8%），ROYAL GOLD INC同比增速更快（85.3% vs 9.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 36.6%）
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
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。
GCT vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.1倍
$332.6M
营收增速更快
RGLD
高出75.6%
9.7%
净利率更高
RGLD
高出13.8%
11.2%
两年增速更快
RGLD
近两年复合增速
36.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $375.3M |
| 净利润 | $37.2M | $93.6M |
| 毛利率 | 23.2% | 64.6% |
| 营业利润率 | 12.2% | 56.2% |
| 净利率 | 11.2% | 24.9% |
| 营收同比 | 9.7% | 85.3% |
| 净利润同比 | -8.6% | -12.8% |
| 每股收益（稀释后） | $0.99 | $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GCTRGLD
| Q4 25 | — | $375.3M | ||
| Q3 25 | $332.6M | $252.1M | ||
| Q2 25 | $322.6M | $209.6M | ||
| Q1 25 | $271.9M | $193.4M | ||
| Q4 24 | $295.8M | $202.6M | ||
| Q3 24 | $303.3M | $193.8M | ||
| Q2 24 | $310.9M | $174.1M | ||
| Q1 24 | $251.1M | $148.9M |
净利润GCTRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $37.2M | $126.8M | ||
| Q2 25 | $34.6M | $132.3M | ||
| Q1 25 | $27.1M | $113.5M | ||
| Q4 24 | $31.0M | $107.4M | ||
| Q3 24 | $40.7M | $96.2M | ||
| Q2 24 | $27.0M | $81.2M | ||
| Q1 24 | $27.2M | $47.2M |
毛利率GCTRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | 23.2% | 73.6% | ||
| Q2 25 | 23.9% | 72.6% | ||
| Q1 25 | 23.4% | 69.4% | ||
| Q4 24 | 22.0% | 70.3% | ||
| Q3 24 | 25.5% | 66.6% | ||
| Q2 24 | 24.6% | 64.7% | ||
| Q1 24 | 26.5% | 58.4% |
营业利润率GCTRGLD
| Q4 25 | — | 56.2% | ||
| Q3 25 | 12.2% | 64.4% | ||
| Q2 25 | 11.1% | 67.7% | ||
| Q1 25 | 10.4% | 63.6% | ||
| Q4 24 | 9.3% | 65.9% | ||
| Q3 24 | 13.4% | 61.3% | ||
| Q2 24 | 8.8% | 58.6% | ||
| Q1 24 | 13.9% | 50.7% |
净利率GCTRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | 11.2% | 50.3% | ||
| Q2 25 | 10.7% | 63.1% | ||
| Q1 25 | 10.0% | 58.7% | ||
| Q4 24 | 10.5% | 53.0% | ||
| Q3 24 | 13.4% | 49.7% | ||
| Q2 24 | 8.7% | 46.6% | ||
| Q1 24 | 10.8% | 31.7% |
每股收益（稀释后）GCTRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | $0.99 | $1.92 | ||
| Q2 25 | $0.91 | $2.01 | ||
| Q1 25 | $0.68 | $1.72 | ||
| Q4 24 | $0.76 | $1.63 | ||
| Q3 24 | $0.98 | $1.46 | ||
| Q2 24 | $0.65 | $1.23 | ||
| Q1 24 | $0.66 | $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 | $365.9M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $457.3M | $7.2B |
| 总资产 | $1.1B | $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GCTRGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | $365.9M | $172.8M | ||
| Q2 25 | $303.0M | $248.2M | ||
| Q1 25 | $286.8M | $240.8M | ||
| Q4 24 | $302.4M | $195.5M | ||
| Q3 24 | $259.8M | $127.9M | ||
| Q2 24 | $207.8M | $74.2M | ||
| Q1 24 | $195.3M | $137.9M |
总债务GCTRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益GCTRGLD
| Q4 25 | — | $7.2B | ||
| Q3 25 | $457.3M | $3.4B | ||
| Q2 25 | $431.4M | $3.3B | ||
| Q1 25 | $412.9M | $3.2B | ||
| Q4 24 | $405.2M | $3.1B | ||
| Q3 24 | $400.4M | $3.0B | ||
| Q2 24 | $358.4M | $3.0B | ||
| Q1 24 | $317.8M | $2.9B |
总资产GCTRGLD
| Q4 25 | — | $9.5B | ||
| Q3 25 | $1.1B | $4.5B | ||
| Q2 25 | $1.1B | $3.6B | ||
| Q1 25 | $1.1B | $3.5B | ||
| Q4 24 | $1.1B | $3.4B | ||
| Q3 24 | $1.1B | $3.3B | ||
| Q2 24 | $1.1B | $3.3B | ||
| Q1 24 | $977.6M | $3.3B |
负债/权益比GCTRGLD
| 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 | $78.3M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $77.1M | — |
| 自由现金流率自由现金流/营收 | 23.2% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 2.10× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $188.1M | — |
8季度趋势，按日历期对齐
经营现金流GCTRGLD
| Q4 25 | — | $241.7M | ||
| Q3 25 | $78.3M | $174.0M | ||
| Q2 25 | $38.6M | $152.8M | ||
| Q1 25 | $9.4M | $136.4M | ||
| Q4 24 | $68.4M | $141.1M | ||
| Q3 24 | $55.2M | $136.7M | ||
| Q2 24 | $19.1M | $113.5M | ||
| Q1 24 | $15.3M | $138.3M |
自由现金流GCTRGLD
| Q4 25 | — | — | ||
| Q3 25 | $77.1M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $7.0M | — | ||
| Q4 24 | $66.9M | — | ||
| Q3 24 | $51.4M | — | ||
| Q2 24 | $12.9M | — | ||
| Q1 24 | $11.3M | — |
自由现金流率GCTRGLD
| Q4 25 | — | — | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 22.6% | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 4.5% | — |
资本支出强度GCTRGLD
| Q4 25 | — | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 1.6% | — |
现金转化率GCTRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 2.10× | 1.37× | ||
| Q2 25 | 1.12× | 1.15× | ||
| Q1 25 | 0.35× | 1.20× | ||
| Q4 24 | 2.21× | 1.31× | ||
| Q3 24 | 1.36× | 1.42× | ||
| Q2 24 | 0.71× | 1.40× | ||
| Q1 24 | 0.56× | 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
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 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% |
