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HEALTHEQUITY, INC.（HQY）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HEALTHEQUITY, INC.的1.2倍（$375.3M vs $322.2M），ROYAL GOLD INC净利率更高（24.9% vs 16.0%，领先8.9%），ROYAL GOLD INC同比增速更快（85.3% vs 7.2%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 10.8%）
HealthEquity, Inc.是美国一家金融科技及商业服务企业，拥有美国国税局授予的非银行类健康储蓄受托人资质，无论用户资金存入哪家金融机构，该公司均可作为对应健康储蓄账户的托管方，提供专业账户管理服务。
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。
HQY vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.2倍
$322.2M
营收增速更快
RGLD
高出78.1%
7.2%
净利率更高
RGLD
高出8.9%
16.0%
两年增速更快
RGLD
近两年复合增速
10.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $322.2M | $375.3M |
| 净利润 | $51.7M | $93.6M |
| 毛利率 | 70.8% | 64.6% |
| 营业利润率 | 24.4% | 56.2% |
| 净利率 | 16.0% | 24.9% |
| 营收同比 | 7.2% | 85.3% |
| 净利润同比 | 806.4% | -12.8% |
| 每股收益（稀释后） | $0.59 | $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HQYRGLD
| Q4 25 | $322.2M | $375.3M | ||
| Q3 25 | $325.8M | $252.1M | ||
| Q2 25 | $330.8M | $209.6M | ||
| Q1 25 | $311.8M | $193.4M | ||
| Q4 24 | $300.4M | $202.6M | ||
| Q3 24 | $299.9M | $193.8M | ||
| Q2 24 | $287.6M | $174.1M | ||
| Q1 24 | $262.4M | $148.9M |
净利润HQYRGLD
| Q4 25 | $51.7M | $93.6M | ||
| Q3 25 | $59.9M | $126.8M | ||
| Q2 25 | $53.9M | $132.3M | ||
| Q1 25 | $26.4M | $113.5M | ||
| Q4 24 | $5.7M | $107.4M | ||
| Q3 24 | $35.8M | $96.2M | ||
| Q2 24 | $28.8M | $81.2M | ||
| Q1 24 | $26.4M | $47.2M |
毛利率HQYRGLD
| Q4 25 | 70.8% | 64.6% | ||
| Q3 25 | 71.4% | 73.6% | ||
| Q2 25 | 67.8% | 72.6% | ||
| Q1 25 | 60.6% | 69.4% | ||
| Q4 24 | 65.6% | 70.3% | ||
| Q3 24 | 68.0% | 66.6% | ||
| Q2 24 | 65.1% | 64.7% | ||
| Q1 24 | 63.1% | 58.4% |
营业利润率HQYRGLD
| Q4 25 | 24.4% | 56.2% | ||
| Q3 25 | 27.5% | 64.4% | ||
| Q2 25 | 25.1% | 67.7% | ||
| Q1 25 | 13.5% | 63.6% | ||
| Q4 24 | 6.5% | 65.9% | ||
| Q3 24 | 19.6% | 61.3% | ||
| Q2 24 | 14.5% | 58.6% | ||
| Q1 24 | 14.8% | 50.7% |
净利率HQYRGLD
| Q4 25 | 16.0% | 24.9% | ||
| Q3 25 | 18.4% | 50.3% | ||
| Q2 25 | 16.3% | 63.1% | ||
| Q1 25 | 8.5% | 58.7% | ||
| Q4 24 | 1.9% | 53.0% | ||
| Q3 24 | 11.9% | 49.7% | ||
| Q2 24 | 10.0% | 46.6% | ||
| Q1 24 | 10.0% | 31.7% |
每股收益（稀释后）HQYRGLD
| Q4 25 | $0.59 | $1.04 | ||
| Q3 25 | $0.68 | $1.92 | ||
| Q2 25 | $0.61 | $2.01 | ||
| Q1 25 | $0.30 | $1.72 | ||
| Q4 24 | $0.06 | $1.63 | ||
| Q3 24 | $0.40 | $1.46 | ||
| Q2 24 | $0.33 | $1.23 | ||
| Q1 24 | $0.30 | $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 | $309.3M | $233.7M |
| 总债务越低越好 | $982.1M | — |
| 股东权益账面价值 | $2.1B | $7.2B |
| 总资产 | $3.4B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资HQYRGLD
| Q4 25 | $309.3M | $233.7M | ||
| Q3 25 | $304.5M | $172.8M | ||
| Q2 25 | $287.9M | $248.2M | ||
| Q1 25 | $295.9M | $240.8M | ||
| Q4 24 | $322.2M | $195.5M | ||
| Q3 24 | $326.9M | $127.9M | ||
| Q2 24 | $251.2M | $74.2M | ||
| Q1 24 | $404.0M | $137.9M |
总债务HQYRGLD
| Q4 25 | $982.1M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $0 | ||
| Q2 24 | $925.7M | $50.0M | ||
| Q1 24 | $875.0M | — |
股东权益HQYRGLD
| Q4 25 | $2.1B | $7.2B | ||
| Q3 25 | $2.1B | $3.4B | ||
| Q2 25 | $2.1B | $3.3B | ||
| Q1 25 | $2.1B | $3.2B | ||
| Q4 24 | $2.1B | $3.1B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.1B | $3.0B | ||
| Q1 24 | $2.0B | $2.9B |
总资产HQYRGLD
| Q4 25 | $3.4B | $9.5B | ||
| Q3 25 | $3.4B | $4.5B | ||
| Q2 25 | $3.4B | $3.6B | ||
| Q1 25 | $3.4B | $3.5B | ||
| Q4 24 | $3.5B | $3.4B | ||
| Q3 24 | $3.5B | $3.3B | ||
| Q2 24 | $3.2B | $3.3B | ||
| Q1 24 | $3.2B | $3.3B |
负债/权益比HQYRGLD
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.51× | 0.00× | ||
| Q2 24 | 0.44× | 0.02× | ||
| Q1 24 | 0.43× | — |
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 | $138.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $137.8M | — |
| 自由现金流率自由现金流/营收 | 42.8% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | 2.68× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $413.0M | — |
8季度趋势，按日历期对齐
经营现金流HQYRGLD
| Q4 25 | $138.6M | $241.7M | ||
| Q3 25 | $135.9M | $174.0M | ||
| Q2 25 | $64.7M | $152.8M | ||
| Q1 25 | $75.7M | $136.4M | ||
| Q4 24 | $90.5M | $141.1M | ||
| Q3 24 | $108.1M | $136.7M | ||
| Q2 24 | $65.4M | $113.5M | ||
| Q1 24 | $77.1M | $138.3M |
自由现金流HQYRGLD
| Q4 25 | $137.8M | — | ||
| Q3 25 | $135.1M | — | ||
| Q2 25 | $64.7M | — | ||
| Q1 25 | $75.4M | — | ||
| Q4 24 | $90.3M | — | ||
| Q3 24 | $107.4M | — | ||
| Q2 24 | $64.7M | — | ||
| Q1 24 | $76.5M | — |
自由现金流率HQYRGLD
| Q4 25 | 42.8% | — | ||
| Q3 25 | 41.5% | — | ||
| Q2 25 | 19.5% | — | ||
| Q1 25 | 24.2% | — | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 35.8% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 29.2% | — |
资本支出强度HQYRGLD
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.2% | — |
现金转化率HQYRGLD
| Q4 25 | 2.68× | 2.58× | ||
| Q3 25 | 2.27× | 1.37× | ||
| Q2 25 | 1.20× | 1.15× | ||
| Q1 25 | 2.87× | 1.20× | ||
| Q4 24 | 15.88× | 1.31× | ||
| Q3 24 | 3.02× | 1.42× | ||
| Q2 24 | 2.27× | 1.40× | ||
| Q1 24 | 2.92× | 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
HQY
| Financial Service Other | $159.1M | 49% |
| Services | $120.3M | 37% |
| Credit And Debit Card | $42.8M | 13% |
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% |
