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MARINEMAX INC（HZO）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
MARINEMAX INC的季度营收约是ROYAL GOLD INC的1.4倍（$527.4M vs $375.3M），ROYAL GOLD INC同比增速更快（85.3% vs -16.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -16.6%）
MarineMax Inc.是美国头部休闲船舶及游艇零售商，主营全新及二手休闲船艇销售，同时提供船舶维保、金融服务、保险、游艇租赁及航海主题活动等配套服务，覆盖北美市场的私人航海爱好者群体。
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。
HZO vs RGLD — 直观对比
营收规模更大
HZO
是对方的1.4倍
$375.3M
营收增速更快
RGLD
高出101.8%
-16.5%
两年增速更快
RGLD
近两年复合增速
-16.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $375.3M |
| 净利润 | — | $93.6M |
| 毛利率 | 34.4% | 64.6% |
| 营业利润率 | 2.1% | 56.2% |
| 净利率 | — | 24.9% |
| 营收同比 | -16.5% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $0.14 | $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HZORGLD
| Q1 26 | $527.4M | — | ||
| Q4 25 | $505.2M | $375.3M | ||
| Q3 25 | $552.2M | $252.1M | ||
| Q2 25 | $657.2M | $209.6M | ||
| Q1 25 | $631.5M | $193.4M | ||
| Q4 24 | $468.5M | $202.6M | ||
| Q3 24 | $563.1M | $193.8M | ||
| Q2 24 | $757.7M | $174.1M |
净利润HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $93.6M | ||
| Q3 25 | $-851.0K | $126.8M | ||
| Q2 25 | $-52.1M | $132.3M | ||
| Q1 25 | $3.3M | $113.5M | ||
| Q4 24 | $18.1M | $107.4M | ||
| Q3 24 | $4.0M | $96.2M | ||
| Q2 24 | $31.6M | $81.2M |
毛利率HZORGLD
| Q1 26 | 34.4% | — | ||
| Q4 25 | 31.8% | 64.6% | ||
| Q3 25 | 34.7% | 73.6% | ||
| Q2 25 | 30.4% | 72.6% | ||
| Q1 25 | 30.0% | 69.4% | ||
| Q4 24 | 36.2% | 70.3% | ||
| Q3 24 | 34.3% | 66.6% | ||
| Q2 24 | 32.0% | 64.7% |
营业利润率HZORGLD
| Q1 26 | 2.1% | — | ||
| Q4 25 | 1.0% | 56.2% | ||
| Q3 25 | 2.5% | 64.4% | ||
| Q2 25 | -6.3% | 67.7% | ||
| Q1 25 | 3.6% | 63.6% | ||
| Q4 24 | 8.3% | 65.9% | ||
| Q3 24 | 4.8% | 61.3% | ||
| Q2 24 | 8.1% | 58.6% |
净利率HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 24.9% | ||
| Q3 25 | -0.2% | 50.3% | ||
| Q2 25 | -7.9% | 63.1% | ||
| Q1 25 | 0.5% | 58.7% | ||
| Q4 24 | 3.9% | 53.0% | ||
| Q3 24 | 0.7% | 49.7% | ||
| Q2 24 | 4.2% | 46.6% |
每股收益（稀释后）HZORGLD
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.36 | $1.04 | ||
| Q3 25 | $0.08 | $1.92 | ||
| Q2 25 | $-2.42 | $2.01 | ||
| Q1 25 | $0.14 | $1.72 | ||
| Q4 24 | $0.77 | $1.63 | ||
| Q3 24 | $0.17 | $1.46 | ||
| Q2 24 | $1.37 | $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 | $189.1M | $233.7M |
| 总债务越低越好 | $338.7M | — |
| 股东权益账面价值 | — | $7.2B |
| 总资产 | $2.4B | $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HZORGLD
| Q1 26 | $189.1M | — | ||
| Q4 25 | $164.6M | $233.7M | ||
| Q3 25 | $170.4M | $172.8M | ||
| Q2 25 | $151.0M | $248.2M | ||
| Q1 25 | $203.5M | $240.8M | ||
| Q4 24 | $145.0M | $195.5M | ||
| Q3 24 | $224.3M | $127.9M | ||
| Q2 24 | $242.4M | $74.2M |
总债务HZORGLD
| Q1 26 | $338.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $393.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $391.2M | $0 | ||
| Q2 24 | — | $50.0M |
股东权益HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | $932.8M | $7.2B | ||
| Q3 25 | $937.2M | $3.4B | ||
| Q2 25 | $940.5M | $3.3B | ||
| Q1 25 | $993.4M | $3.2B | ||
| Q4 24 | $993.5M | $3.1B | ||
| Q3 24 | $975.8M | $3.0B | ||
| Q2 24 | $967.6M | $3.0B |
总资产HZORGLD
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $9.5B | ||
| Q3 25 | $2.5B | $4.5B | ||
| Q2 25 | $2.5B | $3.6B | ||
| Q1 25 | $2.7B | $3.5B | ||
| Q4 24 | $2.6B | $3.4B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $2.6B | $3.3B |
负债/权益比HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.40× | 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 | — | — |
| 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HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | $16.9M | $241.7M | ||
| Q3 25 | $61.5M | $174.0M | ||
| Q2 25 | $84.9M | $152.8M | ||
| Q1 25 | $72.5M | $136.4M | ||
| Q4 24 | $-146.1M | $141.1M | ||
| Q3 24 | $-782.0K | $136.7M | ||
| Q2 24 | $86.3M | $113.5M |
自由现金流HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | — | ||
| Q3 25 | $48.0M | — | ||
| Q2 25 | $68.5M | — | ||
| Q1 25 | $59.8M | — | ||
| Q4 24 | $-164.4M | — | ||
| Q3 24 | $-17.5M | — | ||
| Q2 24 | $71.1M | — |
自由现金流率HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | -35.1% | — | ||
| Q3 24 | -3.1% | — | ||
| Q2 24 | 9.4% | — |
资本支出强度HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 2.0% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 2.0% | — |
现金转化率HZORGLD
| Q1 26 | — | — | ||
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 21.97× | 1.20× | ||
| Q4 24 | -8.09× | 1.31× | ||
| Q3 24 | -0.20× | 1.42× | ||
| Q2 24 | 2.74× | 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
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
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% |
