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Installed Building Products, Inc.（IBP）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
Installed Building Products, Inc.的季度营收约是ROYAL GOLD INC的2.0倍（$747.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 10.2%，领先14.7%），ROYAL GOLD INC同比增速更快（85.3% vs -0.4%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 3.9%）
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
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。
IBP vs RGLD — 直观对比
营收规模更大
IBP
是对方的2.0倍
$375.3M
营收增速更快
RGLD
高出85.7%
-0.4%
净利率更高
RGLD
高出14.7%
10.2%
两年增速更快
RGLD
近两年复合增速
3.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $375.3M |
| 净利润 | $76.6M | $93.6M |
| 毛利率 | 35.0% | 64.6% |
| 营业利润率 | 14.6% | 56.2% |
| 净利率 | 10.2% | 24.9% |
| 营收同比 | -0.4% | 85.3% |
| 净利润同比 | 14.5% | -12.8% |
| 每股收益（稀释后） | $2.81 | $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IBPRGLD
| Q4 25 | $747.5M | $375.3M | ||
| Q3 25 | $778.2M | $252.1M | ||
| Q2 25 | $760.3M | $209.6M | ||
| Q1 25 | $684.8M | $193.4M | ||
| Q4 24 | $750.2M | $202.6M | ||
| Q3 24 | $760.6M | $193.8M | ||
| Q2 24 | $737.6M | $174.1M | ||
| Q1 24 | $692.9M | $148.9M |
净利润IBPRGLD
| Q4 25 | $76.6M | $93.6M | ||
| Q3 25 | $74.4M | $126.8M | ||
| Q2 25 | $69.0M | $132.3M | ||
| Q1 25 | $45.4M | $113.5M | ||
| Q4 24 | $66.9M | $107.4M | ||
| Q3 24 | $68.6M | $96.2M | ||
| Q2 24 | $65.2M | $81.2M | ||
| Q1 24 | $55.9M | $47.2M |
毛利率IBPRGLD
| Q4 25 | 35.0% | 64.6% | ||
| Q3 25 | 34.0% | 73.6% | ||
| Q2 25 | 34.2% | 72.6% | ||
| Q1 25 | 32.7% | 69.4% | ||
| Q4 24 | 33.6% | 70.3% | ||
| Q3 24 | 33.8% | 66.6% | ||
| Q2 24 | 34.1% | 64.7% | ||
| Q1 24 | 33.8% | 58.4% |
营业利润率IBPRGLD
| Q4 25 | 14.6% | 56.2% | ||
| Q3 25 | 13.7% | 64.4% | ||
| Q2 25 | 13.3% | 67.7% | ||
| Q1 25 | 10.2% | 63.6% | ||
| Q4 24 | 13.1% | 65.9% | ||
| Q3 24 | 13.3% | 61.3% | ||
| Q2 24 | 12.9% | 58.6% | ||
| Q1 24 | 12.7% | 50.7% |
净利率IBPRGLD
| Q4 25 | 10.2% | 24.9% | ||
| Q3 25 | 9.6% | 50.3% | ||
| Q2 25 | 9.1% | 63.1% | ||
| Q1 25 | 6.6% | 58.7% | ||
| Q4 24 | 8.9% | 53.0% | ||
| Q3 24 | 9.0% | 49.7% | ||
| Q2 24 | 8.8% | 46.6% | ||
| Q1 24 | 8.1% | 31.7% |
每股收益（稀释后）IBPRGLD
| Q4 25 | $2.81 | $1.04 | ||
| Q3 25 | $2.74 | $1.92 | ||
| Q2 25 | $2.52 | $2.01 | ||
| Q1 25 | $1.64 | $1.72 | ||
| Q4 24 | $2.39 | $1.63 | ||
| Q3 24 | $2.44 | $1.46 | ||
| Q2 24 | $2.30 | $1.23 | ||
| Q1 24 | $1.97 | $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 | $321.9M | $233.7M |
| 总债务越低越好 | $886.6M | — |
| 股东权益账面价值 | $709.9M | $7.2B |
| 总资产 | $2.1B | $9.5B |
| 负债/权益比越低杠杆越低 | 1.25× | — |
8季度趋势，按日历期对齐
现金及短期投资IBPRGLD
| Q4 25 | $321.9M | $233.7M | ||
| Q3 25 | $333.3M | $172.8M | ||
| Q2 25 | $305.2M | $248.2M | ||
| Q1 25 | $298.7M | $240.8M | ||
| Q4 24 | $327.6M | $195.5M | ||
| Q3 24 | $406.2M | $127.9M | ||
| Q2 24 | $380.3M | $74.2M | ||
| Q1 24 | $399.9M | $137.9M |
总债务IBPRGLD
| Q4 25 | $886.6M | — | ||
| Q3 25 | $880.8M | — | ||
| Q2 25 | $876.1M | — | ||
| Q1 25 | $872.4M | — | ||
| Q4 24 | $874.8M | — | ||
| Q3 24 | $872.3M | $0 | ||
| Q2 24 | $875.8M | $50.0M | ||
| Q1 24 | $875.0M | — |
股东权益IBPRGLD
| Q4 25 | $709.9M | $7.2B | ||
| Q3 25 | $678.6M | $3.4B | ||
| Q2 25 | $664.5M | $3.3B | ||
| Q1 25 | $660.9M | $3.2B | ||
| Q4 24 | $705.3M | $3.1B | ||
| Q3 24 | $716.4M | $3.0B | ||
| Q2 24 | $685.3M | $3.0B | ||
| Q1 24 | $679.2M | $2.9B |
总资产IBPRGLD
| Q4 25 | $2.1B | $9.5B | ||
| Q3 25 | $2.1B | $4.5B | ||
| Q2 25 | $2.0B | $3.6B | ||
| Q1 25 | $2.0B | $3.5B | ||
| Q4 24 | $2.1B | $3.4B | ||
| Q3 24 | $2.1B | $3.3B | ||
| Q2 24 | $2.0B | $3.3B | ||
| Q1 24 | $2.0B | $3.3B |
负债/权益比IBPRGLD
| Q4 25 | 1.25× | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.32× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.22× | 0.00× | ||
| Q2 24 | 1.28× | 0.02× | ||
| Q1 24 | 1.29× | — |
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 | $64.9M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | — |
| 自由现金流率自由现金流/营收 | 6.6% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 0.85× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $300.8M | — |
8季度趋势，按日历期对齐
经营现金流IBPRGLD
| Q4 25 | $64.9M | $241.7M | ||
| Q3 25 | $124.0M | $174.0M | ||
| Q2 25 | $90.4M | $152.8M | ||
| Q1 25 | $92.1M | $136.4M | ||
| Q4 24 | $74.8M | $141.1M | ||
| Q3 24 | $101.4M | $136.7M | ||
| Q2 24 | $79.0M | $113.5M | ||
| Q1 24 | $84.8M | $138.3M |
自由现金流IBPRGLD
| Q4 25 | $49.3M | — | ||
| Q3 25 | $104.8M | — | ||
| Q2 25 | $74.8M | — | ||
| Q1 25 | $71.9M | — | ||
| Q4 24 | $52.9M | — | ||
| Q3 24 | $77.3M | — | ||
| Q2 24 | $58.2M | — | ||
| Q1 24 | $63.0M | — |
自由现金流率IBPRGLD
| Q4 25 | 6.6% | — | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 7.1% | — | ||
| Q3 24 | 10.2% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 9.1% | — |
资本支出强度IBPRGLD
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 3.1% | — |
现金转化率IBPRGLD
| Q4 25 | 0.85× | 2.58× | ||
| Q3 25 | 1.67× | 1.37× | ||
| Q2 25 | 1.31× | 1.15× | ||
| Q1 25 | 2.03× | 1.20× | ||
| Q4 24 | 1.12× | 1.31× | ||
| Q3 24 | 1.48× | 1.42× | ||
| Q2 24 | 1.21× | 1.40× | ||
| Q1 24 | 1.52× | 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
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 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% |
