vs
赫氏（HXL）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
赫氏的季度营收约是ROYAL GOLD INC的1.3倍（$501.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 7.4%，领先17.5%），ROYAL GOLD INC同比增速更快（85.3% vs 9.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 0.1%）
赫氏是总部位于美国康涅狄格州斯坦福德的上市工业材料企业，专注于结构材料的研发与生产，由加州增强塑料公司、汽巴复合材料业务、赫克力士复合材料产品部门合并组建。其产品覆盖商用、军工、休闲等市场，广泛应用于军民飞机、航天运载火箭、卫星、风电叶片、运动器材等领域。
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。
HXL vs RGLD — 直观对比
营收规模更大
HXL
是对方的1.3倍
$375.3M
营收增速更快
RGLD
高出75.4%
9.9%
净利率更高
RGLD
高出17.5%
7.4%
两年增速更快
RGLD
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.5M | $375.3M |
| 净利润 | $37.2M | $93.6M |
| 毛利率 | 26.9% | 64.6% |
| 营业利润率 | 11.5% | 56.2% |
| 净利率 | 7.4% | 24.9% |
| 营收同比 | 9.9% | 85.3% |
| 净利润同比 | 28.7% | -12.8% |
| 每股收益（稀释后） | $0.49 | $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HXLRGLD
| Q1 26 | $501.5M | — | ||
| Q4 25 | $491.3M | $375.3M | ||
| Q3 25 | $456.2M | $252.1M | ||
| Q2 25 | $489.9M | $209.6M | ||
| Q1 25 | $456.5M | $193.4M | ||
| Q4 24 | $473.8M | $202.6M | ||
| Q3 24 | $456.5M | $193.8M | ||
| Q2 24 | $500.4M | $174.1M |
净利润HXLRGLD
| Q1 26 | $37.2M | — | ||
| Q4 25 | $46.4M | $93.6M | ||
| Q3 25 | $20.6M | $126.8M | ||
| Q2 25 | $13.5M | $132.3M | ||
| Q1 25 | $28.9M | $113.5M | ||
| Q4 24 | $5.8M | $107.4M | ||
| Q3 24 | $39.8M | $96.2M | ||
| Q2 24 | $50.0M | $81.2M |
毛利率HXLRGLD
| Q1 26 | 26.9% | — | ||
| Q4 25 | 24.6% | 64.6% | ||
| Q3 25 | 21.9% | 73.6% | ||
| Q2 25 | 22.8% | 72.6% | ||
| Q1 25 | 22.4% | 69.4% | ||
| Q4 24 | 25.0% | 70.3% | ||
| Q3 24 | 23.3% | 66.6% | ||
| Q2 24 | 25.3% | 64.7% |
营业利润率HXLRGLD
| Q1 26 | 11.5% | — | ||
| Q4 25 | 12.5% | 56.2% | ||
| Q3 25 | 7.9% | 64.4% | ||
| Q2 25 | 6.1% | 67.7% | ||
| Q1 25 | 9.7% | 63.6% | ||
| Q4 24 | 1.9% | 65.9% | ||
| Q3 24 | 11.5% | 61.3% | ||
| Q2 24 | 14.3% | 58.6% |
净利率HXLRGLD
| Q1 26 | 7.4% | — | ||
| Q4 25 | 9.4% | 24.9% | ||
| Q3 25 | 4.5% | 50.3% | ||
| Q2 25 | 2.8% | 63.1% | ||
| Q1 25 | 6.3% | 58.7% | ||
| Q4 24 | 1.2% | 53.0% | ||
| Q3 24 | 8.7% | 49.7% | ||
| Q2 24 | 10.0% | 46.6% |
每股收益（稀释后）HXLRGLD
| Q1 26 | $0.49 | — | ||
| Q4 25 | — | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.23 |
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 | $54.1M | $233.7M |
| 总债务越低越好 | $998.1M | — |
| 股东权益账面价值 | $1.3B | $7.2B |
| 总资产 | $2.7B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
现金及短期投资HXLRGLD
| Q1 26 | $54.1M | — | ||
| Q4 25 | $71.0M | $233.7M | ||
| Q3 25 | $90.5M | $172.8M | ||
| Q2 25 | $77.2M | $248.2M | ||
| Q1 25 | $89.2M | $240.8M | ||
| Q4 24 | $125.4M | $195.5M | ||
| Q3 24 | $98.2M | $127.9M | ||
| Q2 24 | $75.4M | $74.2M |
总债务HXLRGLD
| Q1 26 | $998.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益HXLRGLD
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $7.2B | ||
| Q3 25 | $1.6B | $3.4B | ||
| Q2 25 | $1.6B | $3.3B | ||
| Q1 25 | $1.5B | $3.2B | ||
| Q4 24 | $1.5B | $3.1B | ||
| Q3 24 | $1.6B | $3.0B | ||
| Q2 24 | $1.6B | $3.0B |
总资产HXLRGLD
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $9.5B | ||
| Q3 25 | $2.8B | $4.5B | ||
| Q2 25 | $2.8B | $3.6B | ||
| Q1 25 | $2.8B | $3.5B | ||
| Q4 24 | $2.7B | $3.4B | ||
| Q3 24 | $2.9B | $3.3B | ||
| Q2 24 | $2.8B | $3.3B |
负债/权益比HXLRGLD
| Q1 26 | 0.79× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
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 | — | $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 | 3.2% | — |
| 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HXLRGLD
| Q1 26 | — | — | ||
| Q4 25 | $125.5M | $241.7M | ||
| Q3 25 | $110.2M | $174.0M | ||
| Q2 25 | $23.3M | $152.8M | ||
| Q1 25 | $-28.5M | $136.4M | ||
| Q4 24 | $162.6M | $141.1M | ||
| Q3 24 | $90.1M | $136.7M | ||
| Q2 24 | $44.2M | $113.5M |
自由现金流HXLRGLD
| Q1 26 | — | — | ||
| Q4 25 | $107.3M | — | ||
| Q3 25 | $96.5M | — | ||
| Q2 25 | $8.0M | — | ||
| Q1 25 | $-54.6M | — | ||
| Q4 24 | $144.0M | — | ||
| Q3 24 | $73.3M | — | ||
| Q2 24 | $21.3M | — |
自由现金流率HXLRGLD
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | 21.2% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | -12.0% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 16.1% | — | ||
| Q2 24 | 4.3% | — |
资本支出强度HXLRGLD
| Q1 26 | 3.2% | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 4.6% | — |
现金转化率HXLRGLD
| Q1 26 | — | — | ||
| Q4 25 | 2.70× | 2.58× | ||
| Q3 25 | 5.35× | 1.37× | ||
| Q2 25 | 1.73× | 1.15× | ||
| Q1 25 | -0.99× | 1.20× | ||
| Q4 24 | 28.03× | 1.31× | ||
| Q3 24 | 2.26× | 1.42× | ||
| Q2 24 | 0.88× | 1.40× |
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
HXL
暂无分部数据
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% |
