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IAC Inc.（IAC）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
IAC Inc.的季度营收约是ROYAL GOLD INC的1.7倍（$646.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -11.9%，领先36.8%），ROYAL GOLD INC同比增速更快（85.3% vs -10.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 1.7%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
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。
IAC vs RGLD — 直观对比
营收规模更大
IAC
是对方的1.7倍
$375.3M
营收增速更快
RGLD
高出95.7%
-10.5%
净利率更高
RGLD
高出36.8%
-11.9%
两年增速更快
RGLD
近两年复合增速
1.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $646.0M | $375.3M |
| 净利润 | $-76.8M | $93.6M |
| 毛利率 | 69.8% | 64.6% |
| 营业利润率 | -17.5% | 56.2% |
| 净利率 | -11.9% | 24.9% |
| 营收同比 | -10.5% | 85.3% |
| 净利润同比 | 61.4% | -12.8% |
| 每股收益（稀释后） | $-0.96 | $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IACRGLD
| Q4 25 | $646.0M | $375.3M | ||
| Q3 25 | $589.8M | $252.1M | ||
| Q2 25 | $586.9M | $209.6M | ||
| Q1 25 | $570.5M | $193.4M | ||
| Q4 24 | $721.4M | $202.6M | ||
| Q3 24 | $642.0M | $193.8M | ||
| Q2 24 | $634.4M | $174.1M | ||
| Q1 24 | $624.3M | $148.9M |
净利润IACRGLD
| Q4 25 | $-76.8M | $93.6M | ||
| Q3 25 | $-21.9M | $126.8M | ||
| Q2 25 | $211.5M | $132.3M | ||
| Q1 25 | $-216.8M | $113.5M | ||
| Q4 24 | $-199.0M | $107.4M | ||
| Q3 24 | $-243.7M | $96.2M | ||
| Q2 24 | $-142.2M | $81.2M | ||
| Q1 24 | $45.0M | $47.2M |
毛利率IACRGLD
| Q4 25 | 69.8% | 64.6% | ||
| Q3 25 | 64.8% | 73.6% | ||
| Q2 25 | 65.6% | 72.6% | ||
| Q1 25 | 64.0% | 69.4% | ||
| Q4 24 | 65.8% | 70.3% | ||
| Q3 24 | 62.1% | 66.6% | ||
| Q2 24 | 60.1% | 64.7% | ||
| Q1 24 | 58.4% | 58.4% |
营业利润率IACRGLD
| Q4 25 | -17.5% | 56.2% | ||
| Q3 25 | -3.5% | 64.4% | ||
| Q2 25 | 0.1% | 67.7% | ||
| Q1 25 | 6.3% | 63.6% | ||
| Q4 24 | 6.7% | 65.9% | ||
| Q3 24 | 1.3% | 61.3% | ||
| Q2 24 | -3.4% | 58.6% | ||
| Q1 24 | -10.2% | 50.7% |
净利率IACRGLD
| Q4 25 | -11.9% | 24.9% | ||
| Q3 25 | -3.7% | 50.3% | ||
| Q2 25 | 36.0% | 63.1% | ||
| Q1 25 | -38.0% | 58.7% | ||
| Q4 24 | -27.6% | 53.0% | ||
| Q3 24 | -38.0% | 49.7% | ||
| Q2 24 | -22.4% | 46.6% | ||
| Q1 24 | 7.2% | 31.7% |
每股收益（稀释后）IACRGLD
| Q4 25 | $-0.96 | $1.04 | ||
| Q3 25 | $-0.27 | $1.92 | ||
| Q2 25 | $2.57 | $2.01 | ||
| Q1 25 | $-2.64 | $1.72 | ||
| Q4 24 | $-2.36 | $1.63 | ||
| Q3 24 | $-2.93 | $1.46 | ||
| Q2 24 | $-1.71 | $1.23 | ||
| Q1 24 | $0.51 | $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 | $960.2M | $233.7M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $4.7B | $7.2B |
| 总资产 | $7.1B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资IACRGLD
| Q4 25 | $960.2M | $233.7M | ||
| Q3 25 | $1.0B | $172.8M | ||
| Q2 25 | $1.1B | $248.2M | ||
| Q1 25 | $1.2B | $240.8M | ||
| Q4 24 | $1.4B | $195.5M | ||
| Q3 24 | $1.3B | $127.9M | ||
| Q2 24 | $1.3B | $74.2M | ||
| Q1 24 | $1.3B | $137.9M |
总债务IACRGLD
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益IACRGLD
| Q4 25 | $4.7B | $7.2B | ||
| Q3 25 | $4.8B | $3.4B | ||
| Q2 25 | $4.9B | $3.3B | ||
| Q1 25 | $4.7B | $3.2B | ||
| Q4 24 | $5.6B | $3.1B | ||
| Q3 24 | $5.8B | $3.0B | ||
| Q2 24 | $6.0B | $3.0B | ||
| Q1 24 | $6.1B | $2.9B |
总资产IACRGLD
| Q4 25 | $7.1B | $9.5B | ||
| Q3 25 | $7.2B | $4.5B | ||
| Q2 25 | $7.4B | $3.6B | ||
| Q1 25 | $7.2B | $3.5B | ||
| Q4 24 | $9.7B | $3.4B | ||
| Q3 24 | $9.8B | $3.3B | ||
| Q2 24 | $10.2B | $3.3B | ||
| Q1 24 | $10.4B | $3.3B |
负债/权益比IACRGLD
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.30× | — | ||
| 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 | $36.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $31.4M | — |
| 自由现金流率自由现金流/营收 | 4.9% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 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 | $44.8M | — |
8季度趋势，按日历期对齐
经营现金流IACRGLD
| Q4 25 | $36.6M | $241.7M | ||
| Q3 25 | $30.1M | $174.0M | ||
| Q2 25 | $-2.8M | $152.8M | ||
| Q1 25 | $63.0K | $136.4M | ||
| Q4 24 | $110.1M | $141.1M | ||
| Q3 24 | $95.3M | $136.7M | ||
| Q2 24 | $85.0M | $113.5M | ||
| Q1 24 | $64.1M | $138.3M |
自由现金流IACRGLD
| Q4 25 | $31.4M | — | ||
| Q3 25 | $25.3M | — | ||
| Q2 25 | $-7.2M | — | ||
| Q1 25 | $-4.6M | — | ||
| Q4 24 | $104.8M | — | ||
| Q3 24 | $92.0M | — | ||
| Q2 24 | $81.6M | — | ||
| Q1 24 | $61.1M | — |
自由现金流率IACRGLD
| Q4 25 | 4.9% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 14.3% | — | ||
| Q2 24 | 12.9% | — | ||
| Q1 24 | 9.8% | — |
资本支出强度IACRGLD
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.5% | — |
现金转化率IACRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | -0.01× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | 1.42× | 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
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
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% |
