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汉美驰（HBB）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的季度营收约是汉美驰的1.8倍（$375.3M vs $212.9M），ROYAL GOLD INC净利率更高（24.9% vs 8.7%，领先16.2%），ROYAL GOLD INC同比增速更快（85.3% vs -0.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 28.8%）
汉美驰品牌控股公司是美国家电与商用餐厨设备设计营销企业，核心业务覆盖美加墨地区，主要推出搅拌机、料理机、烤面包机、慢炖锅、电熨斗、空气净化器等家用及商用设备，在北美家电市场拥有较高知名度。
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。
HBB vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.8倍
$212.9M
营收增速更快
RGLD
高出85.6%
-0.3%
净利率更高
RGLD
高出16.2%
8.7%
两年增速更快
RGLD
近两年复合增速
28.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $375.3M |
| 净利润 | $18.5M | $93.6M |
| 毛利率 | 28.3% | 64.6% |
| 营业利润率 | 11.9% | 56.2% |
| 净利率 | 8.7% | 24.9% |
| 营收同比 | -0.3% | 85.3% |
| 净利润同比 | -22.7% | -12.8% |
| 每股收益（稀释后） | $1.37 | $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HBBRGLD
| Q4 25 | $212.9M | $375.3M | ||
| Q3 25 | $132.8M | $252.1M | ||
| Q2 25 | $127.8M | $209.6M | ||
| Q1 25 | $133.4M | $193.4M | ||
| Q4 24 | $213.5M | $202.6M | ||
| Q3 24 | $156.7M | $193.8M | ||
| Q2 24 | $156.2M | $174.1M | ||
| Q1 24 | $128.3M | $148.9M |
净利润HBBRGLD
| Q4 25 | $18.5M | $93.6M | ||
| Q3 25 | $1.7M | $126.8M | ||
| Q2 25 | $4.5M | $132.3M | ||
| Q1 25 | $1.8M | $113.5M | ||
| Q4 24 | $24.0M | $107.4M | ||
| Q3 24 | $1.9M | $96.2M | ||
| Q2 24 | $6.0M | $81.2M | ||
| Q1 24 | $-1.2M | $47.2M |
毛利率HBBRGLD
| Q4 25 | 28.3% | 64.6% | ||
| Q3 25 | 21.1% | 73.6% | ||
| Q2 25 | 27.5% | 72.6% | ||
| Q1 25 | 24.6% | 69.4% | ||
| Q4 24 | 26.1% | 70.3% | ||
| Q3 24 | 28.0% | 66.6% | ||
| Q2 24 | 25.9% | 64.7% | ||
| Q1 24 | 23.4% | 58.4% |
营业利润率HBBRGLD
| Q4 25 | 11.9% | 56.2% | ||
| Q3 25 | 2.2% | 64.4% | ||
| Q2 25 | 4.7% | 67.7% | ||
| Q1 25 | 1.7% | 63.6% | ||
| Q4 24 | 11.0% | 65.9% | ||
| Q3 24 | 6.8% | 61.3% | ||
| Q2 24 | 6.4% | 58.6% | ||
| Q1 24 | -0.7% | 50.7% |
净利率HBBRGLD
| Q4 25 | 8.7% | 24.9% | ||
| Q3 25 | 1.2% | 50.3% | ||
| Q2 25 | 3.5% | 63.1% | ||
| Q1 25 | 1.4% | 58.7% | ||
| Q4 24 | 11.2% | 53.0% | ||
| Q3 24 | 1.2% | 49.7% | ||
| Q2 24 | 3.8% | 46.6% | ||
| Q1 24 | -0.9% | 31.7% |
每股收益（稀释后）HBBRGLD
| Q4 25 | $1.37 | $1.04 | ||
| Q3 25 | $0.12 | $1.92 | ||
| Q2 25 | $0.33 | $2.01 | ||
| Q1 25 | $0.13 | $1.72 | ||
| Q4 24 | $1.72 | $1.63 | ||
| Q3 24 | $0.14 | $1.46 | ||
| Q2 24 | $0.42 | $1.23 | ||
| Q1 24 | $-0.08 | $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 | $47.3M | $233.7M |
| 总债务越低越好 | $50.0M | — |
| 股东权益账面价值 | $182.8M | $7.2B |
| 总资产 | $397.6M | $9.5B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资HBBRGLD
| Q4 25 | $47.3M | $233.7M | ||
| Q3 25 | $17.2M | $172.8M | ||
| Q2 25 | $11.3M | $248.2M | ||
| Q1 25 | $48.3M | $240.8M | ||
| Q4 24 | $45.6M | $195.5M | ||
| Q3 24 | $22.6M | $127.9M | ||
| Q2 24 | $37.2M | $74.2M | ||
| Q1 24 | $26.3M | $137.9M |
总债务HBBRGLD
| Q4 25 | $50.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益HBBRGLD
| Q4 25 | $182.8M | $7.2B | ||
| Q3 25 | $164.0M | $3.4B | ||
| Q2 25 | $164.0M | $3.3B | ||
| Q1 25 | $163.2M | $3.2B | ||
| Q4 24 | $165.9M | $3.1B | ||
| Q3 24 | $150.0M | $3.0B | ||
| Q2 24 | $145.7M | $3.0B | ||
| Q1 24 | $145.4M | $2.9B |
总资产HBBRGLD
| Q4 25 | $397.6M | $9.5B | ||
| Q3 25 | $392.4M | $4.5B | ||
| Q2 25 | $363.8M | $3.6B | ||
| Q1 25 | $418.0M | $3.5B | ||
| Q4 24 | $415.1M | $3.4B | ||
| Q3 24 | $408.7M | $3.3B | ||
| Q2 24 | $369.9M | $3.3B | ||
| Q1 24 | $368.9M | $3.3B |
负债/权益比HBBRGLD
| Q4 25 | 0.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.30× | — | ||
| 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 | $28.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $27.9M | — |
| 自由现金流率自由现金流/营收 | 13.1% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.53× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $11.0M | — |
8季度趋势，按日历期对齐
经营现金流HBBRGLD
| Q4 25 | $28.5M | $241.7M | ||
| Q3 25 | $9.1M | $174.0M | ||
| Q2 25 | $-30.4M | $152.8M | ||
| Q1 25 | $6.6M | $136.4M | ||
| Q4 24 | $30.2M | $141.1M | ||
| Q3 24 | $-1.9M | $136.7M | ||
| Q2 24 | $17.4M | $113.5M | ||
| Q1 24 | $19.7M | $138.3M |
自由现金流HBBRGLD
| Q4 25 | $27.9M | — | ||
| Q3 25 | $8.4M | — | ||
| Q2 25 | $-31.3M | — | ||
| Q1 25 | $6.1M | — | ||
| Q4 24 | $29.4M | — | ||
| Q3 24 | $-2.7M | — | ||
| Q2 24 | $16.8M | — | ||
| Q1 24 | $18.8M | — |
自由现金流率HBBRGLD
| Q4 25 | 13.1% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | -24.5% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | 13.8% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 10.7% | — | ||
| Q1 24 | 14.6% | — |
资本支出强度HBBRGLD
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.7% | — |
现金转化率HBBRGLD
| Q4 25 | 1.53× | 2.58× | ||
| Q3 25 | 5.52× | 1.37× | ||
| Q2 25 | -6.83× | 1.15× | ||
| Q1 25 | 3.67× | 1.20× | ||
| Q4 24 | 1.26× | 1.31× | ||
| Q3 24 | -0.98× | 1.42× | ||
| Q2 24 | 2.90× | 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
HBB
| Consumer Product | $191.6M | 90% |
| Commercial Product | $17.5M | 8% |
| Health Beacon | $2.3M | 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% |
