vs
Guidewire Software, Inc.（GWRE）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Guidewire Software, Inc.的1.1倍（$375.3M vs $332.6M），ROYAL GOLD INC净利率更高（24.9% vs 9.4%，领先15.5%），ROYAL GOLD INC同比增速更快（85.3% vs 26.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 17.5%）
Guidewire Software是总部位于美国加利福尼亚州圣马特奥的软件企业，面向美国及全球的财产与意外伤害保险经营机构提供专业行业平台，支持险企优化业务流程、推进数字化升级，满足保险行业的各类专业化运营需求。
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。
GWRE 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58.8%
26.5%
净利率更高
RGLD
高出15.5%
9.4%
两年增速更快
RGLD
近两年复合增速
17.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $375.3M |
| 净利润 | $31.3M | $93.6M |
| 毛利率 | 63.0% | 64.6% |
| 营业利润率 | 5.6% | 56.2% |
| 净利率 | 9.4% | 24.9% |
| 营收同比 | 26.5% | 85.3% |
| 净利润同比 | 242.6% | -12.8% |
| 每股收益（稀释后） | $0.36 | $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GWRERGLD
| Q4 25 | $332.6M | $375.3M | ||
| Q3 25 | $356.6M | $252.1M | ||
| Q2 25 | $293.5M | $209.6M | ||
| Q1 25 | $289.5M | $193.4M | ||
| Q4 24 | $262.9M | $202.6M | ||
| Q3 24 | $291.5M | $193.8M | ||
| Q2 24 | $240.7M | $174.1M | ||
| Q1 24 | $240.9M | $148.9M |
净利润GWRERGLD
| Q4 25 | $31.3M | $93.6M | ||
| Q3 25 | $52.0M | $126.8M | ||
| Q2 25 | $46.0M | $132.3M | ||
| Q1 25 | $-37.3M | $113.5M | ||
| Q4 24 | $9.1M | $107.4M | ||
| Q3 24 | $16.8M | $96.2M | ||
| Q2 24 | $-5.5M | $81.2M | ||
| Q1 24 | $9.7M | $47.2M |
毛利率GWRERGLD
| Q4 25 | 63.0% | 64.6% | ||
| Q3 25 | 65.0% | 73.6% | ||
| Q2 25 | 62.2% | 72.6% | ||
| Q1 25 | 61.9% | 69.4% | ||
| Q4 24 | 60.2% | 70.3% | ||
| Q3 24 | 64.0% | 66.6% | ||
| Q2 24 | 59.1% | 64.7% | ||
| Q1 24 | 59.1% | 58.4% |
营业利润率GWRERGLD
| Q4 25 | 5.6% | 56.2% | ||
| Q3 25 | 8.3% | 64.4% | ||
| Q2 25 | 1.5% | 67.7% | ||
| Q1 25 | 4.0% | 63.6% | ||
| Q4 24 | -1.8% | 65.9% | ||
| Q3 24 | 3.5% | 61.3% | ||
| Q2 24 | -6.9% | 58.6% | ||
| Q1 24 | -5.2% | 50.7% |
净利率GWRERGLD
| Q4 25 | 9.4% | 24.9% | ||
| Q3 25 | 14.6% | 50.3% | ||
| Q2 25 | 15.7% | 63.1% | ||
| Q1 25 | -12.9% | 58.7% | ||
| Q4 24 | 3.5% | 53.0% | ||
| Q3 24 | 5.7% | 49.7% | ||
| Q2 24 | -2.3% | 46.6% | ||
| Q1 24 | 4.0% | 31.7% |
每股收益（稀释后）GWRERGLD
| Q4 25 | $0.36 | $1.04 | ||
| Q3 25 | $0.61 | $1.92 | ||
| Q2 25 | $0.54 | $2.01 | ||
| Q1 25 | $-0.45 | $1.72 | ||
| Q4 24 | $0.11 | $1.63 | ||
| Q3 24 | $0.21 | $1.46 | ||
| Q2 24 | $-0.07 | $1.23 | ||
| Q1 24 | $0.12 | $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 | $1.0B | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $7.2B |
| 总资产 | $2.6B | $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GWRERGLD
| Q4 25 | $1.0B | $233.7M | ||
| Q3 25 | $1.1B | $172.8M | ||
| Q2 25 | $920.4M | $248.2M | ||
| Q1 25 | $1.2B | $240.8M | ||
| Q4 24 | $1.3B | $195.5M | ||
| Q3 24 | $1.0B | $127.9M | ||
| Q2 24 | $782.3M | $74.2M | ||
| Q1 24 | $777.6M | $137.9M |
总债务GWRERGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $398.9M | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益GWRERGLD
| Q4 25 | $1.5B | $7.2B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.4B | $3.3B | ||
| Q1 25 | $1.3B | $3.2B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $1.3B | $3.0B | ||
| Q1 24 | $1.3B | $2.9B |
总资产GWRERGLD
| Q4 25 | $2.6B | $9.5B | ||
| Q3 25 | $2.7B | $4.5B | ||
| Q2 25 | $2.5B | $3.6B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.2B | $3.3B | ||
| Q2 24 | $2.0B | $3.3B | ||
| Q1 24 | $2.0B | $3.3B |
负债/权益比GWRERGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.30× | 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 | $-67.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-72.3M | — |
| 自由现金流率自由现金流/营收 | -21.7% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 现金转化率经营现金流/净利润 | -2.15× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $286.0M | — |
8季度趋势，按日历期对齐
经营现金流GWRERGLD
| Q4 25 | $-67.4M | $241.7M | ||
| Q3 25 | $244.8M | $174.0M | ||
| Q2 25 | $32.4M | $152.8M | ||
| Q1 25 | $86.0M | $136.4M | ||
| Q4 24 | $-62.3M | $141.1M | ||
| Q3 24 | $193.8M | $136.7M | ||
| Q2 24 | $4.8M | $113.5M | ||
| Q1 24 | $69.3M | $138.3M |
自由现金流GWRERGLD
| Q4 25 | $-72.3M | — | ||
| Q3 25 | $241.4M | — | ||
| Q2 25 | $31.6M | — | ||
| Q1 25 | $85.2M | — | ||
| Q4 24 | $-63.1M | — | ||
| Q3 24 | $192.1M | — | ||
| Q2 24 | $4.1M | — | ||
| Q1 24 | $66.3M | — |
自由现金流率GWRERGLD
| Q4 25 | -21.7% | — | ||
| Q3 25 | 67.7% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 29.4% | — | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | 65.9% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 27.5% | — |
资本支出强度GWRERGLD
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 1.2% | — |
现金转化率GWRERGLD
| Q4 25 | -2.15× | 2.58× | ||
| Q3 25 | 4.71× | 1.37× | ||
| Q2 25 | 0.70× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | -6.82× | 1.31× | ||
| Q3 24 | 11.56× | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | 7.15× | 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
GWRE
| Subscription | $222.7M | 67% |
| Services | $62.4M | 19% |
| Other | $33.1M | 10% |
| Support | $14.5M | 4% |
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% |
