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Innovex International, Inc.（INVX）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Innovex International, Inc.的1.4倍（$375.3M vs $273.6M），ROYAL GOLD INC净利率更高（24.9% vs 5.1%，领先19.8%），ROYAL GOLD INC同比增速更快（85.3% vs 9.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 46.2%）
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。
INVX vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.4倍
$273.6M
营收增速更快
RGLD
高出76.1%
9.1%
净利率更高
RGLD
高出19.8%
5.1%
两年增速更快
RGLD
近两年复合增速
46.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.6M | $375.3M |
| 净利润 | $14.0M | $93.6M |
| 毛利率 | 28.9% | 64.6% |
| 营业利润率 | 9.4% | 56.2% |
| 净利率 | 5.1% | 24.9% |
| 营收同比 | 9.1% | 85.3% |
| 净利润同比 | -56.1% | -12.8% |
| 每股收益（稀释后） | $0.20 | $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INVXRGLD
| Q4 25 | $273.6M | $375.3M | ||
| Q3 25 | $240.0M | $252.1M | ||
| Q2 25 | $224.2M | $209.6M | ||
| Q1 25 | $240.4M | $193.4M | ||
| Q4 24 | $250.7M | $202.6M | ||
| Q3 24 | $151.8M | $193.8M | ||
| Q2 24 | $130.3M | $174.1M | ||
| Q1 24 | $128.0M | $148.9M |
净利润INVXRGLD
| Q4 25 | $14.0M | $93.6M | ||
| Q3 25 | $39.2M | $126.8M | ||
| Q2 25 | $15.3M | $132.3M | ||
| Q1 25 | $14.8M | $113.5M | ||
| Q4 24 | $31.8M | $107.4M | ||
| Q3 24 | $82.6M | $96.2M | ||
| Q2 24 | $9.5M | $81.2M | ||
| Q1 24 | $16.4M | $47.2M |
毛利率INVXRGLD
| Q4 25 | 28.9% | 64.6% | ||
| Q3 25 | 31.6% | 73.6% | ||
| Q2 25 | 32.0% | 72.6% | ||
| Q1 25 | 31.8% | 69.4% | ||
| Q4 24 | 33.9% | 70.3% | ||
| Q3 24 | 34.7% | 66.6% | ||
| Q2 24 | 35.3% | 64.7% | ||
| Q1 24 | 38.4% | 58.4% |
营业利润率INVXRGLD
| Q4 25 | 9.4% | 56.2% | ||
| Q3 25 | 26.0% | 64.4% | ||
| Q2 25 | 10.1% | 67.7% | ||
| Q1 25 | 9.1% | 63.6% | ||
| Q4 24 | 10.7% | 65.9% | ||
| Q3 24 | -8.7% | 61.3% | ||
| Q2 24 | 10.0% | 58.6% | ||
| Q1 24 | 17.4% | 50.7% |
净利率INVXRGLD
| Q4 25 | 5.1% | 24.9% | ||
| Q3 25 | 16.3% | 50.3% | ||
| Q2 25 | 6.8% | 63.1% | ||
| Q1 25 | 6.1% | 58.7% | ||
| Q4 24 | 12.7% | 53.0% | ||
| Q3 24 | 54.4% | 49.7% | ||
| Q2 24 | 7.3% | 46.6% | ||
| Q1 24 | 12.8% | 31.7% |
每股收益（稀释后）INVXRGLD
| Q4 25 | $0.20 | $1.04 | ||
| Q3 25 | $0.57 | $1.92 | ||
| Q2 25 | $0.22 | $2.01 | ||
| Q1 25 | $0.21 | $1.72 | ||
| Q4 24 | $-0.03 | $1.63 | ||
| Q3 24 | $1.99 | $1.46 | ||
| Q2 24 | $0.30 | $1.23 | ||
| Q1 24 | $0.51 | $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 | — | $233.7M |
| 总债务越低越好 | $18.9M | — |
| 股东权益账面价值 | $1.1B | $7.2B |
| 总资产 | $1.3B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.02× | — |
8季度趋势，按日历期对齐
现金及短期投资INVXRGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | — | $127.9M | ||
| Q2 24 | $185.6M | $74.2M | ||
| Q1 24 | $202.2M | $137.9M |
总债务INVXRGLD
| Q4 25 | $18.9M | — | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $19.7M | — | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $12.4M | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益INVXRGLD
| Q4 25 | $1.1B | $7.2B | ||
| Q3 25 | $1.0B | $3.4B | ||
| Q2 25 | $995.6M | $3.3B | ||
| Q1 25 | $978.4M | $3.2B | ||
| Q4 24 | $958.2M | $3.1B | ||
| Q3 24 | $904.4M | $3.0B | ||
| Q2 24 | $352.5M | $3.0B | ||
| Q1 24 | $344.3M | $2.9B |
总资产INVXRGLD
| Q4 25 | $1.3B | $9.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.2B | $3.4B | ||
| Q3 24 | $1.1B | $3.3B | ||
| Q2 24 | $1.0B | $3.3B | ||
| Q1 24 | $1.0B | $3.3B |
负债/权益比INVXRGLD
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.01× | 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 | $52.2M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.74× | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流INVXRGLD
| Q4 25 | $52.2M | $241.7M | ||
| Q3 25 | $48.4M | $174.0M | ||
| Q2 25 | $59.2M | $152.8M | ||
| Q1 25 | $31.1M | $136.4M | ||
| Q4 24 | $36.3M | $141.1M | ||
| Q3 24 | $21.7M | $136.7M | ||
| Q2 24 | $22.8M | $113.5M | ||
| Q1 24 | $12.6M | $138.3M |
自由现金流INVXRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $16.6M | — | ||
| Q1 24 | $7.8M | — |
自由现金流率INVXRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 12.7% | — | ||
| Q1 24 | 6.1% | — |
资本支出强度INVXRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 3.7% | — |
现金转化率INVXRGLD
| Q4 25 | 3.74× | 2.58× | ||
| Q3 25 | 1.23× | 1.37× | ||
| Q2 25 | 3.86× | 1.15× | ||
| Q1 25 | 2.11× | 1.20× | ||
| Q4 24 | 1.14× | 1.31× | ||
| Q3 24 | 0.26× | 1.42× | ||
| Q2 24 | 2.39× | 1.40× | ||
| Q1 24 | 0.77× | 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
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
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% |
