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艾玛迪斯（GDS）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
艾玛迪斯的季度营收约是ROYAL GOLD INC的1.1倍（$405.6M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -0.1%，领先25.0%）
西班牙跨国科技企业艾玛迪斯是全球领先的旅游技术服务商，面向航空、酒店、旅行社等各类旅游相关企业提供定制化软件解决方案，业务覆盖全球市场，助力旅游行业客户优化运营效率、提升服务体验。
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。
GDS vs RGLD — 直观对比
营收规模更大
GDS
是对方的1.1倍
$375.3M
净利率更高
RGLD
高出25.0%
-0.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $405.6M | $375.3M |
| 净利润 | $-373.0K | $93.6M |
| 毛利率 | 22.1% | 64.6% |
| 营业利润率 | — | 56.2% |
| 净利率 | -0.1% | 24.9% |
| 营收同比 | — | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | — | $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GDSRGLD
| Q4 25 | — | $375.3M | ||
| Q3 25 | $405.6M | $252.1M | ||
| Q2 25 | $404.9M | $209.6M | ||
| Q1 25 | $375.3M | $193.4M | ||
| Q4 24 | — | $202.6M | ||
| Q3 24 | $422.6M | $193.8M | ||
| Q2 24 | $388.9M | $174.1M | ||
| Q1 24 | $363.9M | $148.9M |
净利润GDSRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $-373.0K | $126.8M | ||
| Q2 25 | $-240.0K | $132.3M | ||
| Q1 25 | $-145.0K | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $-32.9M | $96.2M | ||
| Q2 24 | $-31.9M | $81.2M | ||
| Q1 24 | $-47.8M | $47.2M |
毛利率GDSRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | 22.1% | 73.6% | ||
| Q2 25 | 23.8% | 72.6% | ||
| Q1 25 | 23.7% | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | 22.2% | 66.6% | ||
| Q2 24 | 22.6% | 64.7% | ||
| Q1 24 | 21.8% | 58.4% |
营业利润率GDSRGLD
| Q4 25 | — | 56.2% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | — | 67.7% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 10.8% | 61.3% | ||
| Q2 24 | 11.2% | 58.6% | ||
| Q1 24 | 8.3% | 50.7% |
净利率GDSRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | -0.1% | 50.3% | ||
| Q2 25 | -0.1% | 63.1% | ||
| Q1 25 | -0.0% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | -7.8% | 49.7% | ||
| Q2 24 | -8.2% | 46.6% | ||
| Q1 24 | -13.1% | 31.7% |
每股收益（稀释后）GDSRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.23 | ||
| Q1 24 | — | $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 | — | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.6B | $7.2B |
| 总资产 | $11.0B | $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GDSRGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | — | $127.9M | ||
| Q2 24 | — | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务GDSRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益GDSRGLD
| Q4 25 | — | $7.2B | ||
| Q3 25 | $3.6B | $3.4B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $3.2B | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $2.7B | $3.0B | ||
| Q2 24 | $2.6B | $3.0B | ||
| Q1 24 | $2.6B | $2.9B |
总资产GDSRGLD
| Q4 25 | — | $9.5B | ||
| Q3 25 | $11.0B | $4.5B | ||
| Q2 25 | $11.1B | $3.6B | ||
| Q1 25 | $10.1B | $3.5B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $11.7B | $3.3B | ||
| Q2 24 | $10.9B | $3.3B | ||
| Q1 24 | $10.5B | $3.3B |
负债/权益比GDSRGLD
| 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 | $103.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-96.3M | — |
| 自由现金流率自由现金流/营收 | -23.7% | — |
| 资本支出强度资本支出/营收 | 49.2% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流GDSRGLD
| Q4 25 | — | $241.7M | ||
| Q3 25 | $103.5M | $174.0M | ||
| Q2 25 | $120.8M | $152.8M | ||
| Q1 25 | — | $136.4M | ||
| Q4 24 | — | $141.1M | ||
| Q3 24 | $91.4M | $136.7M | ||
| Q2 24 | — | $113.5M | ||
| Q1 24 | — | $138.3M |
自由现金流GDSRGLD
| Q4 25 | — | — | ||
| Q3 25 | $-96.3M | — | ||
| Q2 25 | $-55.8M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-321.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率GDSRGLD
| Q4 25 | — | — | ||
| Q3 25 | -23.7% | — | ||
| Q2 25 | -13.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -76.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度GDSRGLD
| Q4 25 | — | — | ||
| Q3 25 | 49.2% | — | ||
| Q2 25 | 43.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 97.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率GDSRGLD
| 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
GDS
| Service revenue | $405.5M | 100% |
| Equipment sales | $2.8M | 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% |
