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Gitlab Inc.（GTLB）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Gitlab Inc.的1.5倍（$375.3M vs $244.4M），ROYAL GOLD INC净利率更高（24.9% vs -3.4%，领先28.3%），ROYAL GOLD INC同比增速更快（85.3% vs 24.6%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 22.1%）
GitLab Inc.是一家美国企业，开发并运营同名开放核心架构DevOps软件平台，覆盖软件开发、安全防护、运维运营全流程。产品基于Git分布式版本控制技术搭建，还为各项目提供访问控制、缺陷追踪、需求管理、任务调度、项目知识库、代码片段分享等全栈协作功能。
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。
GTLB vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.5倍
$244.4M
营收增速更快
RGLD
高出60.7%
24.6%
净利率更高
RGLD
高出28.3%
-3.4%
两年增速更快
RGLD
近两年复合增速
22.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $244.4M | $375.3M |
| 净利润 | $-8.3M | $93.6M |
| 毛利率 | 86.8% | 64.6% |
| 营业利润率 | -5.1% | 56.2% |
| 净利率 | -3.4% | 24.9% |
| 营收同比 | 24.6% | 85.3% |
| 净利润同比 | -128.0% | -12.8% |
| 每股收益（稀释后） | $-0.05 | $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GTLBRGLD
| Q4 25 | $244.4M | $375.3M | ||
| Q3 25 | $236.0M | $252.1M | ||
| Q2 25 | $214.5M | $209.6M | ||
| Q1 25 | $211.4M | $193.4M | ||
| Q4 24 | $196.0M | $202.6M | ||
| Q3 24 | $182.6M | $193.8M | ||
| Q2 24 | $169.2M | $174.1M | ||
| Q1 24 | $163.8M | $148.9M |
净利润GTLBRGLD
| Q4 25 | $-8.3M | $93.6M | ||
| Q3 25 | $-9.2M | $126.8M | ||
| Q2 25 | $-35.9M | $132.3M | ||
| Q1 25 | $5.8M | $113.5M | ||
| Q4 24 | $29.6M | $107.4M | ||
| Q3 24 | $12.9M | $96.2M | ||
| Q2 24 | $-54.6M | $81.2M | ||
| Q1 24 | $-36.5M | $47.2M |
毛利率GTLBRGLD
| Q4 25 | 86.8% | 64.6% | ||
| Q3 25 | 87.9% | 73.6% | ||
| Q2 25 | 88.3% | 72.6% | ||
| Q1 25 | 89.2% | 69.4% | ||
| Q4 24 | 88.7% | 70.3% | ||
| Q3 24 | 88.3% | 66.6% | ||
| Q2 24 | 88.9% | 64.7% | ||
| Q1 24 | 90.2% | 58.4% |
营业利润率GTLBRGLD
| Q4 25 | -5.1% | 56.2% | ||
| Q3 25 | -7.8% | 64.4% | ||
| Q2 25 | -16.1% | 67.7% | ||
| Q1 25 | -9.1% | 63.6% | ||
| Q4 24 | -14.7% | 65.9% | ||
| Q3 24 | -22.5% | 61.3% | ||
| Q2 24 | -31.7% | 58.6% | ||
| Q1 24 | -21.3% | 50.7% |
净利率GTLBRGLD
| Q4 25 | -3.4% | 24.9% | ||
| Q3 25 | -3.9% | 50.3% | ||
| Q2 25 | -16.7% | 63.1% | ||
| Q1 25 | 2.7% | 58.7% | ||
| Q4 24 | 15.1% | 53.0% | ||
| Q3 24 | 7.1% | 49.7% | ||
| Q2 24 | -32.3% | 46.6% | ||
| Q1 24 | -22.3% | 31.7% |
每股收益（稀释后）GTLBRGLD
| Q4 25 | $-0.05 | $1.04 | ||
| Q3 25 | $-0.06 | $1.92 | ||
| Q2 25 | $-0.22 | $2.01 | ||
| Q1 25 | $0.05 | $1.72 | ||
| Q4 24 | $0.18 | $1.63 | ||
| Q3 24 | $0.08 | $1.46 | ||
| Q2 24 | $-0.35 | $1.23 | ||
| Q1 24 | $-0.23 | $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 | $224.2M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $922.7M | $7.2B |
| 总资产 | $1.6B | $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GTLBRGLD
| Q4 25 | $224.2M | $233.7M | ||
| Q3 25 | $261.4M | $172.8M | ||
| Q2 25 | $255.7M | $248.2M | ||
| Q1 25 | $227.6M | $240.8M | ||
| Q4 24 | $176.6M | $195.5M | ||
| Q3 24 | $438.6M | $127.9M | ||
| Q2 24 | $420.3M | $74.2M | ||
| Q1 24 | $288.0M | $137.9M |
总债务GTLBRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益GTLBRGLD
| Q4 25 | $922.7M | $7.2B | ||
| Q3 25 | $866.6M | $3.4B | ||
| Q2 25 | $808.3M | $3.3B | ||
| Q1 25 | $775.9M | $3.2B | ||
| Q4 24 | $724.7M | $3.1B | ||
| Q3 24 | $642.8M | $3.0B | ||
| Q2 24 | $567.8M | $3.0B | ||
| Q1 24 | $571.2M | $2.9B |
总资产GTLBRGLD
| Q4 25 | $1.6B | $9.5B | ||
| Q3 25 | $1.5B | $4.5B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $1.3B | $3.3B | ||
| Q1 24 | $1.3B | $3.3B |
负债/权益比GTLBRGLD
| 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 | $31.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $28.4M | — |
| 自由现金流率自由现金流/营收 | 11.6% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 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 | $242.3M | — |
8季度趋势，按日历期对齐
经营现金流GTLBRGLD
| Q4 25 | $31.4M | $241.7M | ||
| Q3 25 | $49.4M | $174.0M | ||
| Q2 25 | $106.3M | $152.8M | ||
| Q1 25 | $63.2M | $136.4M | ||
| Q4 24 | $-177.0M | $141.1M | ||
| Q3 24 | $11.7M | $136.7M | ||
| Q2 24 | $38.1M | $113.5M | ||
| Q1 24 | $24.9M | $138.3M |
自由现金流GTLBRGLD
| Q4 25 | $28.4M | — | ||
| Q3 25 | $46.5M | — | ||
| Q2 25 | $105.4M | — | ||
| Q1 25 | $62.1M | — | ||
| Q4 24 | $-178.1M | — | ||
| Q3 24 | $10.8M | — | ||
| Q2 24 | $37.4M | — | ||
| Q1 24 | $24.5M | — |
自由现金流率GTLBRGLD
| Q4 25 | 11.6% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | 49.1% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | -90.8% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 22.1% | — | ||
| Q1 24 | 15.0% | — |
资本支出强度GTLBRGLD
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.2% | — |
现金转化率GTLBRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 10.89× | 1.20× | ||
| Q4 24 | -5.99× | 1.31× | ||
| Q3 24 | 0.90× | 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
GTLB
| Subscription And Circulation | $146.4M | 60% |
| Subscription Software As A Service | $76.9M | 31% |
| License | $15.5M | 6% |
| Professional Services And Other | $5.6M | 2% |
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% |
