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InnovAge Holding Corp.（INNV）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InnovAge Holding Corp.的1.6倍（$375.3M vs $239.7M），ROYAL GOLD INC净利率更高（24.9% vs 4.4%，领先20.5%），ROYAL GOLD INC同比增速更快（85.3% vs 14.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 11.4%）
InnovAge Holding Corp是美国领先的老年护理服务商，主要运营老年人全包护理项目（PACE），为符合条件的高龄群体提供综合医疗、社会支持与日常生活协助，帮助老人居家养老，服务覆盖美国多个州。
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。
INNV vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.6倍
$239.7M
营收增速更快
RGLD
高出70.6%
14.7%
净利率更高
RGLD
高出20.5%
4.4%
两年增速更快
RGLD
近两年复合增速
11.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $239.7M | $375.3M |
| 净利润 | $10.6M | $93.6M |
| 毛利率 | 22.0% | 64.6% |
| 营业利润率 | 5.5% | 56.2% |
| 净利率 | 4.4% | 24.9% |
| 营收同比 | 14.7% | 85.3% |
| 净利润同比 | 180.3% | -12.8% |
| 每股收益（稀释后） | $0.08 | $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INNVRGLD
| Q4 25 | $239.7M | $375.3M | ||
| Q3 25 | $236.1M | $252.1M | ||
| Q2 25 | $221.4M | $209.6M | ||
| Q1 25 | $218.1M | $193.4M | ||
| Q4 24 | $209.0M | $202.6M | ||
| Q3 24 | $205.1M | $193.8M | ||
| Q2 24 | $199.4M | $174.1M | ||
| Q1 24 | $193.1M | $148.9M |
净利润INNVRGLD
| Q4 25 | $10.6M | $93.6M | ||
| Q3 25 | $8.0M | $126.8M | ||
| Q2 25 | $-785.0K | $132.3M | ||
| Q1 25 | $-11.4M | $113.5M | ||
| Q4 24 | $-13.2M | $107.4M | ||
| Q3 24 | $-4.9M | $96.2M | ||
| Q2 24 | $-1.7M | $81.2M | ||
| Q1 24 | $-5.9M | $47.2M |
毛利率INNVRGLD
| Q4 25 | 22.0% | 64.6% | ||
| Q3 25 | 21.8% | 73.6% | ||
| Q2 25 | 18.6% | 72.6% | ||
| Q1 25 | 18.7% | 69.4% | ||
| Q4 24 | 17.7% | 70.3% | ||
| Q3 24 | 16.8% | 66.6% | ||
| Q2 24 | 18.3% | 64.7% | ||
| Q1 24 | 17.6% | 58.4% |
营业利润率INNVRGLD
| Q4 25 | 5.5% | 56.2% | ||
| Q3 25 | 3.5% | 64.4% | ||
| Q2 25 | -1.0% | 67.7% | ||
| Q1 25 | -4.7% | 63.6% | ||
| Q4 24 | -6.0% | 65.9% | ||
| Q3 24 | -2.4% | 61.3% | ||
| Q2 24 | -2.4% | 58.6% | ||
| Q1 24 | -3.0% | 50.7% |
净利率INNVRGLD
| Q4 25 | 4.4% | 24.9% | ||
| Q3 25 | 3.4% | 50.3% | ||
| Q2 25 | -0.4% | 63.1% | ||
| Q1 25 | -5.2% | 58.7% | ||
| Q4 24 | -6.3% | 53.0% | ||
| Q3 24 | -2.4% | 49.7% | ||
| Q2 24 | -0.9% | 46.6% | ||
| Q1 24 | -3.0% | 31.7% |
每股收益（稀释后）INNVRGLD
| Q4 25 | $0.08 | $1.04 | ||
| Q3 25 | $0.06 | $1.92 | ||
| Q2 25 | $0.00 | $2.01 | ||
| Q1 25 | $-0.08 | $1.72 | ||
| Q4 24 | $-0.10 | $1.63 | ||
| Q3 24 | $-0.04 | $1.46 | ||
| Q2 24 | $-0.01 | $1.23 | ||
| Q1 24 | $-0.04 | $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 | $126.0M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $256.8M | $7.2B |
| 总资产 | $527.5M | $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INNVRGLD
| Q4 25 | $126.0M | $233.7M | ||
| Q3 25 | $109.4M | $172.8M | ||
| Q2 25 | $105.9M | $248.2M | ||
| Q1 25 | $101.7M | $240.8M | ||
| Q4 24 | $86.9M | $195.5M | ||
| Q3 24 | $85.7M | $127.9M | ||
| Q2 24 | $102.8M | $74.2M | ||
| Q1 24 | $99.3M | $137.9M |
总债务INNVRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | $66.0M | $50.0M | ||
| Q1 24 | — | — |
股东权益INNVRGLD
| Q4 25 | $256.8M | $7.2B | ||
| Q3 25 | $245.0M | $3.4B | ||
| Q2 25 | $235.0M | $3.3B | ||
| Q1 25 | $238.0M | $3.2B | ||
| Q4 24 | $248.5M | $3.1B | ||
| Q3 24 | $260.9M | $3.0B | ||
| Q2 24 | $269.3M | $3.0B | ||
| Q1 24 | $281.1M | $2.9B |
总资产INNVRGLD
| Q4 25 | $527.5M | $9.5B | ||
| Q3 25 | $510.2M | $4.5B | ||
| Q2 25 | $526.9M | $3.6B | ||
| Q1 25 | $536.6M | $3.5B | ||
| Q4 24 | $524.8M | $3.4B | ||
| Q3 24 | $527.7M | $3.3B | ||
| Q2 24 | $547.7M | $3.3B | ||
| Q1 24 | $527.4M | $3.3B |
负债/权益比INNVRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | 0.25× | 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 | $21.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | — |
| 自由现金流率自由现金流/营收 | 7.9% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | 2.01× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $49.4M | — |
8季度趋势，按日历期对齐
经营现金流INNVRGLD
| Q4 25 | $21.4M | $241.7M | ||
| Q3 25 | $3.9M | $174.0M | ||
| Q2 25 | $9.0M | $152.8M | ||
| Q1 25 | $24.6M | $136.4M | ||
| Q4 24 | $6.8M | $141.1M | ||
| Q3 24 | $-7.5M | $136.7M | ||
| Q2 24 | $1.9M | $113.5M | ||
| Q1 24 | $3.5M | $138.3M |
自由现金流INNVRGLD
| Q4 25 | $19.0M | — | ||
| Q3 25 | $-153.0K | — | ||
| Q2 25 | $8.8M | — | ||
| Q1 25 | $21.7M | — | ||
| Q4 24 | $5.4M | — | ||
| Q3 24 | $-9.7M | — | ||
| Q2 24 | $-1.4M | — | ||
| Q1 24 | $3.1M | — |
自由现金流率INNVRGLD
| Q4 25 | 7.9% | — | ||
| Q3 25 | -0.1% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | -4.7% | — | ||
| Q2 24 | -0.7% | — | ||
| Q1 24 | 1.6% | — |
资本支出强度INNVRGLD
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 0.2% | — |
现金转化率INNVRGLD
| Q4 25 | 2.01× | 2.58× | ||
| Q3 25 | 0.49× | 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
INNV
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% |
