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IHS Holding Ltd（IHS）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IHS Holding Ltd的1.5倍（$375.3M vs $254.0M），ROYAL GOLD INC同比增速更快（85.3% vs 0.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -22.0%）
IHS Holding是全球规模领先的共享通信基础设施独立持有、运营及开发企业之一，也是全球第五大独立跨国通信铁塔企业，业务覆盖非洲与拉美地区，为当地通信网络部署提供关键的铁塔基础设施支持。
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。
IHS vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.5倍
$254.0M
营收增速更快
RGLD
高出85.2%
0.1%
两年增速更快
RGLD
近两年复合增速
-22.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $254.0M | $375.3M |
| 净利润 | — | $93.6M |
| 毛利率 | 83.6% | 64.6% |
| 营业利润率 | — | 56.2% |
| 净利率 | — | 24.9% |
| 营收同比 | 0.1% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | — | $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IHSRGLD
| Q4 25 | $254.0M | $375.3M | ||
| Q3 25 | $455.1M | $252.1M | ||
| Q2 25 | $433.3M | $209.6M | ||
| Q1 25 | $439.6M | $193.4M | ||
| Q4 24 | $253.8M | $202.6M | ||
| Q3 24 | $420.3M | $193.8M | ||
| Q2 24 | $435.4M | $174.1M | ||
| Q1 24 | $417.7M | $148.9M |
净利润IHSRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $147.4M | $126.8M | ||
| Q2 25 | $32.3M | $132.3M | ||
| Q1 25 | $30.7M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $-205.7M | $96.2M | ||
| Q2 24 | $-124.3M | $81.2M | ||
| Q1 24 | $-1.6B | $47.2M |
毛利率IHSRGLD
| Q4 25 | 83.6% | 64.6% | ||
| Q3 25 | 47.5% | 73.6% | ||
| Q2 25 | 51.3% | 72.6% | ||
| Q1 25 | 51.4% | 69.4% | ||
| Q4 24 | 72.1% | 70.3% | ||
| Q3 24 | 52.0% | 66.6% | ||
| Q2 24 | 52.5% | 64.7% | ||
| Q1 24 | 39.1% | 58.4% |
营业利润率IHSRGLD
| Q4 25 | — | 56.2% | ||
| Q3 25 | 35.1% | 64.4% | ||
| Q2 25 | 33.8% | 67.7% | ||
| Q1 25 | 37.1% | 63.6% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 29.9% | 61.3% | ||
| Q2 24 | 34.0% | 58.6% | ||
| Q1 24 | -1.7% | 50.7% |
净利率IHSRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | 32.4% | 50.3% | ||
| Q2 25 | 7.5% | 63.1% | ||
| Q1 25 | 7.0% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | -48.9% | 49.7% | ||
| Q2 24 | -28.5% | 46.6% | ||
| Q1 24 | -372.8% | 31.7% |
每股收益（稀释后）IHSRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | $0.44 | $1.92 | ||
| Q2 25 | $0.10 | $2.01 | ||
| Q1 25 | $0.10 | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | $-0.61 | $1.46 | ||
| Q2 24 | $-0.36 | $1.23 | ||
| Q1 24 | $-4.67 | $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 | $825.7M | $233.7M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $-89.8M | $7.2B |
| 总资产 | $4.5B | $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IHSRGLD
| Q4 25 | $825.7M | $233.7M | ||
| Q3 25 | $647.6M | $172.8M | ||
| Q2 25 | $531.8M | $248.2M | ||
| Q1 25 | $629.0M | $240.8M | ||
| Q4 24 | $578.0M | $195.5M | ||
| Q3 24 | $397.5M | $127.9M | ||
| Q2 24 | $445.7M | $74.2M | ||
| Q1 24 | $333.2M | $137.9M |
总债务IHSRGLD
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.5B | $0 | ||
| Q2 24 | $3.6B | $50.0M | ||
| Q1 24 | $3.5B | — |
股东权益IHSRGLD
| Q4 25 | $-89.8M | $7.2B | ||
| Q3 25 | $38.1M | $3.4B | ||
| Q2 25 | $-98.4M | $3.3B | ||
| Q1 25 | $-184.4M | $3.2B | ||
| Q4 24 | $-314.4M | $3.1B | ||
| Q3 24 | $-284.7M | $3.0B | ||
| Q2 24 | $-308.3M | $3.0B | ||
| Q1 24 | $-163.2M | $2.9B |
总资产IHSRGLD
| Q4 25 | $4.5B | $9.5B | ||
| Q3 25 | $4.7B | $4.5B | ||
| Q2 25 | $4.5B | $3.6B | ||
| Q1 25 | $4.4B | $3.5B | ||
| Q4 24 | $4.2B | $3.4B | ||
| Q3 24 | $4.6B | $3.3B | ||
| Q2 24 | $4.5B | $3.3B | ||
| Q1 24 | $4.6B | $3.3B |
负债/权益比IHSRGLD
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | — | ||
| 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 | $246.9M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $178.6M | — |
| 自由现金流率自由现金流/营收 | 70.3% | — |
| 资本支出强度资本支出/营收 | 26.9% | — |
| 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 | $718.7M | — |
8季度趋势，按日历期对齐
经营现金流IHSRGLD
| Q4 25 | $246.9M | $241.7M | ||
| Q3 25 | $251.3M | $174.0M | ||
| Q2 25 | $237.7M | $152.8M | ||
| Q1 25 | $200.3M | $136.4M | ||
| Q4 24 | $344.4M | $141.1M | ||
| Q3 24 | $174.5M | $136.7M | ||
| Q2 24 | $134.7M | $113.5M | ||
| Q1 24 | $75.8M | $138.3M |
自由现金流IHSRGLD
| Q4 25 | $178.6M | — | ||
| Q3 25 | $189.2M | — | ||
| Q2 25 | $197.7M | — | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $282.9M | — | ||
| Q3 24 | $122.3M | — | ||
| Q2 24 | $74.2M | — | ||
| Q1 24 | $14.8M | — |
自由现金流率IHSRGLD
| Q4 25 | 70.3% | — | ||
| Q3 25 | 41.6% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 34.8% | — | ||
| Q4 24 | 111.5% | — | ||
| Q3 24 | 29.1% | — | ||
| Q2 24 | 17.0% | — | ||
| Q1 24 | 3.5% | — |
资本支出强度IHSRGLD
| Q4 25 | 26.9% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 9.2% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 24.2% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.6% | — |
现金转化率IHSRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 1.70× | 1.37× | ||
| Q2 25 | 7.36× | 1.15× | ||
| Q1 25 | 6.52× | 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
IHS
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% |
