vs
ICHOR HOLDINGS, LTD.（ICHR）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ICHOR HOLDINGS, LTD.的1.7倍（$375.3M vs $223.6M），ROYAL GOLD INC净利率更高（24.9% vs -7.1%，领先32.1%），ROYAL GOLD INC同比增速更快（85.3% vs -4.2%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 5.4%）
Ichor Holdings Ltd.是面向全球半导体制造领域的关键流体输送系统、子系统及相关组件的设计、制造供应商，产品集成于晶圆前端加工设备，为北美、东亚、欧洲的领先半导体设备与芯片厂商提供先进逻辑、存储芯片生产配套支持。
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。
ICHR vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.7倍
$223.6M
营收增速更快
RGLD
高出89.4%
-4.2%
净利率更高
RGLD
高出32.1%
-7.1%
两年增速更快
RGLD
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $223.6M | $375.3M |
| 净利润 | $-16.0M | $93.6M |
| 毛利率 | 9.4% | 64.6% |
| 营业利润率 | -6.2% | 56.2% |
| 净利率 | -7.1% | 24.9% |
| 营收同比 | -4.2% | 85.3% |
| 净利润同比 | -304.8% | -12.8% |
| 每股收益（稀释后） | $-0.46 | $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ICHRRGLD
| Q4 25 | $223.6M | $375.3M | ||
| Q3 25 | $239.3M | $252.1M | ||
| Q2 25 | $240.3M | $209.6M | ||
| Q1 25 | $244.5M | $193.4M | ||
| Q4 24 | $233.3M | $202.6M | ||
| Q3 24 | $211.1M | $193.8M | ||
| Q2 24 | $203.2M | $174.1M | ||
| Q1 24 | $201.4M | $148.9M |
净利润ICHRRGLD
| Q4 25 | $-16.0M | $93.6M | ||
| Q3 25 | $-22.9M | $126.8M | ||
| Q2 25 | $-9.4M | $132.3M | ||
| Q1 25 | $-4.6M | $113.5M | ||
| Q4 24 | $-3.9M | $107.4M | ||
| Q3 24 | $-2.8M | $96.2M | ||
| Q2 24 | $-5.1M | $81.2M | ||
| Q1 24 | $-9.0M | $47.2M |
毛利率ICHRRGLD
| Q4 25 | 9.4% | 64.6% | ||
| Q3 25 | 4.6% | 73.6% | ||
| Q2 25 | 11.3% | 72.6% | ||
| Q1 25 | 11.7% | 69.4% | ||
| Q4 24 | 11.6% | 70.3% | ||
| Q3 24 | 13.2% | 66.6% | ||
| Q2 24 | 12.6% | 64.7% | ||
| Q1 24 | 11.4% | 58.4% |
营业利润率ICHRRGLD
| Q4 25 | -6.2% | 56.2% | ||
| Q3 25 | -8.1% | 64.4% | ||
| Q2 25 | -2.0% | 67.7% | ||
| Q1 25 | -0.5% | 63.6% | ||
| Q4 24 | -0.5% | 65.9% | ||
| Q3 24 | -0.2% | 61.3% | ||
| Q2 24 | -1.1% | 58.6% | ||
| Q1 24 | -1.9% | 50.7% |
净利率ICHRRGLD
| Q4 25 | -7.1% | 24.9% | ||
| Q3 25 | -9.6% | 50.3% | ||
| Q2 25 | -3.9% | 63.1% | ||
| Q1 25 | -1.9% | 58.7% | ||
| Q4 24 | -1.7% | 53.0% | ||
| Q3 24 | -1.3% | 49.7% | ||
| Q2 24 | -2.5% | 46.6% | ||
| Q1 24 | -4.5% | 31.7% |
每股收益（稀释后）ICHRRGLD
| Q4 25 | $-0.46 | $1.04 | ||
| Q3 25 | $-0.67 | $1.92 | ||
| Q2 25 | $-0.28 | $2.01 | ||
| Q1 25 | $-0.13 | $1.72 | ||
| Q4 24 | $-0.11 | $1.63 | ||
| Q3 24 | $-0.08 | $1.46 | ||
| Q2 24 | $-0.15 | $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 | $98.3M | $233.7M |
| 总债务越低越好 | $123.5M | — |
| 股东权益账面价值 | $663.9M | $7.2B |
| 总资产 | $942.9M | $9.5B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资ICHRRGLD
| Q4 25 | $98.3M | $233.7M | ||
| Q3 25 | $92.5M | $172.8M | ||
| Q2 25 | $92.2M | $248.2M | ||
| Q1 25 | $109.3M | $240.8M | ||
| Q4 24 | $108.7M | $195.5M | ||
| Q3 24 | $116.4M | $127.9M | ||
| Q2 24 | $114.3M | $74.2M | ||
| Q1 24 | $102.1M | $137.9M |
总债务ICHRRGLD
| Q4 25 | $123.5M | — | ||
| Q3 25 | $123.5M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $126.8M | — | ||
| Q4 24 | $128.5M | — | ||
| Q3 24 | $130.3M | $0 | ||
| Q2 24 | $130.2M | $50.0M | ||
| Q1 24 | $131.9M | — |
股东权益ICHRRGLD
| Q4 25 | $663.9M | $7.2B | ||
| Q3 25 | $676.2M | $3.4B | ||
| Q2 25 | $694.1M | $3.3B | ||
| Q1 25 | $700.4M | $3.2B | ||
| Q4 24 | $698.3M | $3.1B | ||
| Q3 24 | $697.3M | $3.0B | ||
| Q2 24 | $694.9M | $3.0B | ||
| Q1 24 | $697.2M | $2.9B |
总资产ICHRRGLD
| Q4 25 | $942.9M | $9.5B | ||
| Q3 25 | $966.6M | $4.5B | ||
| Q2 25 | $985.1M | $3.6B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $995.6M | $3.4B | ||
| Q3 24 | $975.9M | $3.3B | ||
| Q2 24 | $947.7M | $3.3B | ||
| Q1 24 | $957.4M | $3.3B |
负债/权益比ICHRRGLD
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.19× | 0.00× | ||
| Q2 24 | 0.19× | 0.02× | ||
| Q1 24 | 0.19× | — |
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 | $9.2M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $5.9M | — |
| 自由现金流率自由现金流/营收 | 2.6% | — |
| 资本支出强度资本支出/营收 | 1.5% | — |
| 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 | $-6.3M | — |
8季度趋势，按日历期对齐
经营现金流ICHRRGLD
| Q4 25 | $9.2M | $241.7M | ||
| Q3 25 | $9.2M | $174.0M | ||
| Q2 25 | $-7.5M | $152.8M | ||
| Q1 25 | $19.0M | $136.4M | ||
| Q4 24 | $-2.5M | $141.1M | ||
| Q3 24 | $8.1M | $136.7M | ||
| Q2 24 | $17.5M | $113.5M | ||
| Q1 24 | $4.8M | $138.3M |
自由现金流ICHRRGLD
| Q4 25 | $5.9M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $-14.8M | — | ||
| Q1 25 | $496.0K | — | ||
| Q4 24 | $-6.9M | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $14.6M | — | ||
| Q1 24 | $314.0K | — |
自由现金流率ICHRRGLD
| Q4 25 | 2.6% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | -6.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 1.0% | — | ||
| Q2 24 | 7.2% | — | ||
| Q1 24 | 0.2% | — |
资本支出强度ICHRRGLD
| Q4 25 | 1.5% | — | ||
| Q3 25 | 3.0% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 7.6% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 2.2% | — |
现金转化率ICHRRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 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
ICHR
| Other | $101.6M | 45% |
| US | $67.4M | 30% |
| Other Countries | $29.7M | 13% |
| Europe | $24.9M | 11% |
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% |
