vs
HECLA MINING CO（HL）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
HECLA MINING CO的季度营收约是ROYAL GOLD INC的1.2倍（$448.1M vs $375.3M），HECLA MINING CO净利率更高（30.0% vs 24.9%，领先5.1%），ROYAL GOLD INC同比增速更快（85.3% vs 79.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 53.8%）
赫克拉矿业是总部位于美国的金属开采企业，主营银、金、铅、锌等矿产开发，矿区主要分布于北美地区，产品供应珠宝、工业制造、新能源供应链等领域，是美国头部原生银生产商之一。
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。
HL vs RGLD — 直观对比
营收规模更大
HL
是对方的1.2倍
$375.3M
营收增速更快
RGLD
高出5.8%
79.5%
净利率更高
HL
高出5.1%
24.9%
两年增速更快
RGLD
近两年复合增速
53.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $375.3M |
| 净利润 | $134.4M | $93.6M |
| 毛利率 | 55.4% | 64.6% |
| 营业利润率 | 49.1% | 56.2% |
| 净利率 | 30.0% | 24.9% |
| 营收同比 | 79.5% | 85.3% |
| 净利润同比 | 1027.2% | -12.8% |
| 每股收益（稀释后） | $0.20 | $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HLRGLD
| Q4 25 | $448.1M | $375.3M | ||
| Q3 25 | $409.5M | $252.1M | ||
| Q2 25 | $304.0M | $209.6M | ||
| Q1 25 | $261.3M | $193.4M | ||
| Q4 24 | $249.7M | $202.6M | ||
| Q3 24 | $245.1M | $193.8M | ||
| Q2 24 | $245.7M | $174.1M | ||
| Q1 24 | $189.5M | $148.9M |
净利润HLRGLD
| Q4 25 | $134.4M | $93.6M | ||
| Q3 25 | $100.7M | $126.8M | ||
| Q2 25 | $57.7M | $132.3M | ||
| Q1 25 | $28.9M | $113.5M | ||
| Q4 24 | $11.9M | $107.4M | ||
| Q3 24 | $1.8M | $96.2M | ||
| Q2 24 | $27.9M | $81.2M | ||
| Q1 24 | $-5.8M | $47.2M |
毛利率HLRGLD
| Q4 25 | 55.4% | 64.6% | ||
| Q3 25 | 44.1% | 73.6% | ||
| Q2 25 | 39.3% | 72.6% | ||
| Q1 25 | 28.3% | 69.4% | ||
| Q4 24 | 27.4% | 70.3% | ||
| Q3 24 | 24.2% | 66.6% | ||
| Q2 24 | 20.9% | 64.7% | ||
| Q1 24 | 10.1% | 58.4% |
营业利润率HLRGLD
| Q4 25 | 49.1% | 56.2% | ||
| Q3 25 | 36.3% | 64.4% | ||
| Q2 25 | 30.8% | 67.7% | ||
| Q1 25 | 20.0% | 63.6% | ||
| Q4 24 | 15.3% | 65.9% | ||
| Q3 24 | 9.2% | 61.3% | ||
| Q2 24 | 16.5% | 58.6% | ||
| Q1 24 | 2.7% | 50.7% |
净利率HLRGLD
| Q4 25 | 30.0% | 24.9% | ||
| Q3 25 | 24.6% | 50.3% | ||
| Q2 25 | 19.0% | 63.1% | ||
| Q1 25 | 11.0% | 58.7% | ||
| Q4 24 | 4.8% | 53.0% | ||
| Q3 24 | 0.7% | 49.7% | ||
| Q2 24 | 11.3% | 46.6% | ||
| Q1 24 | -3.0% | 31.7% |
每股收益（稀释后）HLRGLD
| Q4 25 | $0.20 | $1.04 | ||
| Q3 25 | $0.15 | $1.92 | ||
| Q2 25 | $0.09 | $2.01 | ||
| Q1 25 | $0.05 | $1.72 | ||
| Q4 24 | $0.03 | $1.63 | ||
| Q3 24 | $0.00 | $1.46 | ||
| Q2 24 | $0.04 | $1.23 | ||
| Q1 24 | $-0.01 | $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 | $301.2M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $7.2B |
| 总资产 | $3.6B | $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HLRGLD
| Q4 25 | $301.2M | $233.7M | ||
| Q3 25 | $133.9M | $172.8M | ||
| Q2 25 | $296.6M | $248.2M | ||
| Q1 25 | $23.7M | $240.8M | ||
| Q4 24 | $26.9M | $195.5M | ||
| Q3 24 | $22.3M | $127.9M | ||
| Q2 24 | $24.6M | $74.2M | ||
| Q1 24 | $80.2M | $137.9M |
总债务HLRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益HLRGLD
| Q4 25 | $2.6B | $7.2B | ||
| Q3 25 | $2.4B | $3.4B | ||
| Q2 25 | $2.3B | $3.3B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.0B | $3.1B | ||
| Q3 24 | $2.0B | $3.0B | ||
| Q2 24 | $2.0B | $3.0B | ||
| Q1 24 | $2.0B | $2.9B |
总资产HLRGLD
| Q4 25 | $3.6B | $9.5B | ||
| Q3 25 | $3.2B | $4.5B | ||
| Q2 25 | $3.3B | $3.6B | ||
| Q1 25 | $3.0B | $3.5B | ||
| Q4 24 | $3.0B | $3.4B | ||
| Q3 24 | $3.0B | $3.3B | ||
| Q2 24 | $2.9B | $3.3B | ||
| Q1 24 | $3.0B | $3.3B |
负债/权益比HLRGLD
| 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 | $217.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $134.7M | — |
| 自由现金流率自由现金流/营收 | 30.1% | — |
| 资本支出强度资本支出/营收 | 18.4% | — |
| 现金转化率经营现金流/净利润 | 1.61× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $310.2M | — |
8季度趋势，按日历期对齐
经营现金流HLRGLD
| Q4 25 | $217.1M | $241.7M | ||
| Q3 25 | $148.0M | $174.0M | ||
| Q2 25 | $161.8M | $152.8M | ||
| Q1 25 | $35.7M | $136.4M | ||
| Q4 24 | $67.5M | $141.1M | ||
| Q3 24 | $55.0M | $136.7M | ||
| Q2 24 | $78.7M | $113.5M | ||
| Q1 24 | $17.1M | $138.3M |
自由现金流HLRGLD
| Q4 25 | $134.7M | — | ||
| Q3 25 | $90.1M | — | ||
| Q2 25 | $103.8M | — | ||
| Q1 25 | $-18.4M | — | ||
| Q4 24 | $6.7M | — | ||
| Q3 24 | $-690.0K | — | ||
| Q2 24 | $28.3M | — | ||
| Q1 24 | $-30.5M | — |
自由现金流率HLRGLD
| Q4 25 | 30.1% | — | ||
| Q3 25 | 22.0% | — | ||
| Q2 25 | 34.1% | — | ||
| Q1 25 | -7.0% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 11.5% | — | ||
| Q1 24 | -16.1% | — |
资本支出强度HLRGLD
| Q4 25 | 18.4% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 20.7% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 22.7% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 25.1% | — |
现金转化率HLRGLD
| Q4 25 | 1.61× | 2.58× | ||
| Q3 25 | 1.47× | 1.37× | ||
| Q2 25 | 2.80× | 1.15× | ||
| Q1 25 | 1.24× | 1.20× | ||
| Q4 24 | 5.66× | 1.31× | ||
| Q3 24 | 31.24× | 1.42× | ||
| Q2 24 | 2.82× | 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
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 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% |
