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Inspire Medical Systems, Inc.（INSP）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Inspire Medical Systems, Inc.的1.4倍（$375.3M vs $269.1M），Inspire Medical Systems, Inc.净利率更高（50.6% vs 24.9%，领先25.6%），ROYAL GOLD INC同比增速更快（85.3% vs 12.2%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 28.1%）
Inspire Medical Systems是一家专注于阻塞性睡眠呼吸暂停治疗的医疗科技企业，研发、生产并销售植入式神经刺激设备，面向无法耐受持续气道正压通气治疗的患者，核心市场覆盖北美、欧洲及部分亚太地区，服务睡眠医学、耳鼻喉科等临床领域。
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。
INSP vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.4倍
$269.1M
营收增速更快
RGLD
高出73.0%
12.2%
净利率更高
INSP
高出25.6%
24.9%
两年增速更快
RGLD
近两年复合增速
28.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $269.1M | $375.3M |
| 净利润 | $136.1M | $93.6M |
| 毛利率 | 86.6% | 64.6% |
| 营业利润率 | 17.1% | 56.2% |
| 净利率 | 50.6% | 24.9% |
| 营收同比 | 12.2% | 85.3% |
| 净利润同比 | 286.4% | -12.8% |
| 每股收益（稀释后） | $4.57 | $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INSPRGLD
| Q4 25 | $269.1M | $375.3M | ||
| Q3 25 | $224.5M | $252.1M | ||
| Q2 25 | $217.1M | $209.6M | ||
| Q1 25 | $201.3M | $193.4M | ||
| Q4 24 | $239.7M | $202.6M | ||
| Q3 24 | $203.2M | $193.8M | ||
| Q2 24 | $195.9M | $174.1M | ||
| Q1 24 | $164.0M | $148.9M |
净利润INSPRGLD
| Q4 25 | $136.1M | $93.6M | ||
| Q3 25 | $9.9M | $126.8M | ||
| Q2 25 | $-3.6M | $132.3M | ||
| Q1 25 | $3.0M | $113.5M | ||
| Q4 24 | $35.2M | $107.4M | ||
| Q3 24 | $18.5M | $96.2M | ||
| Q2 24 | $9.8M | $81.2M | ||
| Q1 24 | $-10.0M | $47.2M |
毛利率INSPRGLD
| Q4 25 | 86.6% | 64.6% | ||
| Q3 25 | 85.8% | 73.6% | ||
| Q2 25 | 84.0% | 72.6% | ||
| Q1 25 | 84.7% | 69.4% | ||
| Q4 24 | 85.0% | 70.3% | ||
| Q3 24 | 84.1% | 66.6% | ||
| Q2 24 | 84.8% | 64.7% | ||
| Q1 24 | 84.9% | 58.4% |
营业利润率INSPRGLD
| Q4 25 | 17.1% | 56.2% | ||
| Q3 25 | 4.3% | 64.4% | ||
| Q2 25 | -1.5% | 67.7% | ||
| Q1 25 | -0.7% | 63.6% | ||
| Q4 24 | 13.3% | 65.9% | ||
| Q3 24 | 7.0% | 61.3% | ||
| Q2 24 | 2.6% | 58.6% | ||
| Q1 24 | -9.3% | 50.7% |
净利率INSPRGLD
| Q4 25 | 50.6% | 24.9% | ||
| Q3 25 | 4.4% | 50.3% | ||
| Q2 25 | -1.7% | 63.1% | ||
| Q1 25 | 1.5% | 58.7% | ||
| Q4 24 | 14.7% | 53.0% | ||
| Q3 24 | 9.1% | 49.7% | ||
| Q2 24 | 5.0% | 46.6% | ||
| Q1 24 | -6.1% | 31.7% |
每股收益（稀释后）INSPRGLD
| Q4 25 | $4.57 | $1.04 | ||
| Q3 25 | $0.34 | $1.92 | ||
| Q2 25 | $-0.12 | $2.01 | ||
| Q1 25 | $0.10 | $1.72 | ||
| Q4 24 | $1.17 | $1.63 | ||
| Q3 24 | $0.60 | $1.46 | ||
| Q2 24 | $0.32 | $1.23 | ||
| Q1 24 | $-0.34 | $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 | $308.3M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $781.2M | $7.2B |
| 总资产 | $907.3M | $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INSPRGLD
| Q4 25 | $308.3M | $233.7M | ||
| Q3 25 | $322.6M | $172.8M | ||
| Q2 25 | $300.9M | $248.2M | ||
| Q1 25 | $369.2M | $240.8M | ||
| Q4 24 | $445.5M | $195.5M | ||
| Q3 24 | $411.0M | $127.9M | ||
| Q2 24 | $439.7M | $74.2M | ||
| Q1 24 | $441.4M | $137.9M |
总债务INSPRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益INSPRGLD
| Q4 25 | $781.2M | $7.2B | ||
| Q3 25 | $666.5M | $3.4B | ||
| Q2 25 | $677.8M | $3.3B | ||
| Q1 25 | $635.7M | $3.2B | ||
| Q4 24 | $689.7M | $3.1B | ||
| Q3 24 | $696.6M | $3.0B | ||
| Q2 24 | $638.1M | $3.0B | ||
| Q1 24 | $589.0M | $2.9B |
总资产INSPRGLD
| Q4 25 | $907.3M | $9.5B | ||
| Q3 25 | $807.7M | $4.5B | ||
| Q2 25 | $802.2M | $3.6B | ||
| Q1 25 | $730.8M | $3.5B | ||
| Q4 24 | $808.4M | $3.4B | ||
| Q3 24 | $796.2M | $3.3B | ||
| Q2 24 | $728.4M | $3.3B | ||
| Q1 24 | $685.8M | $3.3B |
负债/权益比INSPRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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 | $52.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $41.8M | — |
| 自由现金流率自由现金流/营收 | 15.5% | — |
| 资本支出强度资本支出/营收 | 4.0% | — |
| 现金转化率经营现金流/净利润 | 0.39× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $78.5M | — |
8季度趋势，按日历期对齐
经营现金流INSPRGLD
| Q4 25 | $52.5M | $241.7M | ||
| Q3 25 | $68.5M | $174.0M | ||
| Q2 25 | $2.7M | $152.8M | ||
| Q1 25 | $-6.7M | $136.4M | ||
| Q4 24 | $69.2M | $141.1M | ||
| Q3 24 | $52.3M | $136.7M | ||
| Q2 24 | $-78.0K | $113.5M | ||
| Q1 24 | $8.9M | $138.3M |
自由现金流INSPRGLD
| Q4 25 | $41.8M | — | ||
| Q3 25 | $58.1M | — | ||
| Q2 25 | $-6.3M | — | ||
| Q1 25 | $-15.1M | — | ||
| Q4 24 | $62.2M | — | ||
| Q3 24 | $44.3M | — | ||
| Q2 24 | $-12.5M | — | ||
| Q1 24 | $-2.8M | — |
自由现金流率INSPRGLD
| Q4 25 | 15.5% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | -2.9% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | 25.9% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | -6.4% | — | ||
| Q1 24 | -1.7% | — |
资本支出强度INSPRGLD
| Q4 25 | 4.0% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 6.3% | — | ||
| Q1 24 | 7.1% | — |
现金转化率INSPRGLD
| Q4 25 | 0.39× | 2.58× | ||
| Q3 25 | 6.90× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | -2.24× | 1.20× | ||
| Q4 24 | 1.96× | 1.31× | ||
| Q3 24 | 2.83× | 1.42× | ||
| Q2 24 | -0.01× | 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
INSP
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% |
