vs
Hudson Pacific Properties, Inc.（HPP）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Hudson Pacific Properties, Inc.的1.5倍（$375.3M vs $256.0M），ROYAL GOLD INC净利率更高（24.9% vs -109.4%，领先134.4%），ROYAL GOLD INC同比增速更快（85.3% vs 22.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 9.4%）
哈德逊太平洋地产是一家房地产投资信托企业，持有1580万平方英尺办公楼、150万平方英尺摄影棚，同时拥有300万平方英尺商用物业的未开发权益，资产布局覆盖美国西海岸及温哥华，注册地位于马里兰州，总部设在洛杉矶，是洛杉矶当地规模最大的独立摄影棚运营商。
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。
HPP vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.5倍
$256.0M
营收增速更快
RGLD
高出63.2%
22.1%
净利率更高
RGLD
高出134.4%
-109.4%
两年增速更快
RGLD
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $256.0M | $375.3M |
| 净利润 | $-280.2M | $93.6M |
| 毛利率 | 60.0% | 64.6% |
| 营业利润率 | -109.8% | 56.2% |
| 净利率 | -109.4% | 24.9% |
| 营收同比 | 22.1% | 85.3% |
| 净利润同比 | -61.5% | -12.8% |
| 每股收益（稀释后） | $-11.57 | $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HPPRGLD
| Q4 25 | $256.0M | $375.3M | ||
| Q3 25 | $186.6M | $252.1M | ||
| Q2 25 | $190.0M | $209.6M | ||
| Q1 25 | $198.5M | $193.4M | ||
| Q4 24 | $209.7M | $202.6M | ||
| Q3 24 | $200.4M | $193.8M | ||
| Q2 24 | $218.0M | $174.1M | ||
| Q1 24 | $214.0M | $148.9M |
净利润HPPRGLD
| Q4 25 | $-280.2M | $93.6M | ||
| Q3 25 | $-144.1M | $126.8M | ||
| Q2 25 | $-87.8M | $132.3M | ||
| Q1 25 | $-80.3M | $113.5M | ||
| Q4 24 | $-173.5M | $107.4M | ||
| Q3 24 | $-107.0M | $96.2M | ||
| Q2 24 | $-47.6M | $81.2M | ||
| Q1 24 | $-53.4M | $47.2M |
毛利率HPPRGLD
| Q4 25 | 60.0% | 64.6% | ||
| Q3 25 | 44.3% | 73.6% | ||
| Q2 25 | 43.1% | 72.6% | ||
| Q1 25 | 42.9% | 69.4% | ||
| Q4 24 | 44.7% | 70.3% | ||
| Q3 24 | 42.7% | 66.6% | ||
| Q2 24 | 48.0% | 64.7% | ||
| Q1 24 | 48.6% | 58.4% |
营业利润率HPPRGLD
| Q4 25 | -109.8% | 56.2% | ||
| Q3 25 | -77.2% | 64.4% | ||
| Q2 25 | -46.0% | 67.7% | ||
| Q1 25 | -40.4% | 63.6% | ||
| Q4 24 | -83.2% | 65.9% | ||
| Q3 24 | -52.3% | 61.3% | ||
| Q2 24 | -21.6% | 58.6% | ||
| Q1 24 | -24.9% | 50.7% |
净利率HPPRGLD
| Q4 25 | -109.4% | 24.9% | ||
| Q3 25 | -77.2% | 50.3% | ||
| Q2 25 | -46.2% | 63.1% | ||
| Q1 25 | -40.5% | 58.7% | ||
| Q4 24 | -82.7% | 53.0% | ||
| Q3 24 | -53.4% | 49.7% | ||
| Q2 24 | -21.8% | 46.6% | ||
| Q1 24 | -24.9% | 31.7% |
每股收益（稀释后）HPPRGLD
| Q4 25 | $-11.57 | $1.04 | ||
| Q3 25 | $-0.30 | $1.92 | ||
| Q2 25 | $-0.41 | $2.01 | ||
| Q1 25 | $-0.53 | $1.72 | ||
| Q4 24 | $-1.19 | $1.63 | ||
| Q3 24 | $-0.69 | $1.46 | ||
| Q2 24 | $-0.33 | $1.23 | ||
| Q1 24 | $-0.37 | $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 | $138.4M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.0B | $7.2B |
| 总资产 | $7.3B | $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HPPRGLD
| Q4 25 | $138.4M | $233.7M | ||
| Q3 25 | $190.4M | $172.8M | ||
| Q2 25 | $236.0M | $248.2M | ||
| Q1 25 | $86.5M | $240.8M | ||
| Q4 24 | $63.3M | $195.5M | ||
| Q3 24 | $90.7M | $127.9M | ||
| Q2 24 | $78.5M | $74.2M | ||
| Q1 24 | $114.3M | $137.9M |
总债务HPPRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益HPPRGLD
| Q4 25 | $3.0B | $7.2B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $2.8B | $3.2B | ||
| Q4 24 | $2.9B | $3.1B | ||
| Q3 24 | $3.0B | $3.0B | ||
| Q2 24 | $3.1B | $3.0B | ||
| Q1 24 | $3.2B | $2.9B |
总资产HPPRGLD
| Q4 25 | $7.3B | $9.5B | ||
| Q3 25 | $7.8B | $4.5B | ||
| Q2 25 | $8.1B | $3.6B | ||
| Q1 25 | $8.0B | $3.5B | ||
| Q4 24 | $8.1B | $3.4B | ||
| Q3 24 | $8.3B | $3.3B | ||
| Q2 24 | $8.4B | $3.3B | ||
| Q1 24 | $8.3B | $3.3B |
负债/权益比HPPRGLD
| 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 | $121.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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HPPRGLD
| Q4 25 | $121.0M | $241.7M | ||
| Q3 25 | $33.2M | $174.0M | ||
| Q2 25 | $-2.0M | $152.8M | ||
| Q1 25 | $30.5M | $136.4M | ||
| Q4 24 | $164.7M | $141.1M | ||
| Q3 24 | $63.7M | $136.7M | ||
| Q2 24 | $35.6M | $113.5M | ||
| Q1 24 | $65.1M | $138.3M |
现金转化率HPPRGLD
| 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
HPP
| Core Office | $217.1M | 85% |
| Studio Segment | $21.8M | 9% |
| Ancillary Revenue | $20.2M | 8% |
| Chargebacks | $3.3M | 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% |
