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骏利亨德森（JBI）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的季度营收约是骏利亨德森的1.7倍（$375.3M vs $219.3M），ROYAL GOLD INC净利率更高（24.9% vs 6.9%，领先18.0%），ROYAL GOLD INC同比增速更快（85.3% vs -4.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -8.8%）
骏利亨德森是一家英美合资的全球资产管理集团，总部位于英国伦敦市。旗下以骏利亨德森投资者为品牌，面向全球个人投资者、中介顾问及机构投资者提供丰富多样的金融产品。
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。
JBI vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.7倍
$219.3M
营收增速更快
RGLD
高出90.0%
-4.7%
净利率更高
RGLD
高出18.0%
6.9%
两年增速更快
RGLD
近两年复合增速
-8.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.3M | $375.3M |
| 净利润 | $15.2M | $93.6M |
| 毛利率 | 39.1% | 64.6% |
| 营业利润率 | 13.4% | 56.2% |
| 净利率 | 6.9% | 24.9% |
| 营收同比 | -4.7% | 85.3% |
| 净利润同比 | 28.8% | -12.8% |
| 每股收益（稀释后） | $0.11 | $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JBIRGLD
| Q4 25 | — | $375.3M | ||
| Q3 25 | $219.3M | $252.1M | ||
| Q2 25 | $228.1M | $209.6M | ||
| Q1 25 | $210.5M | $193.4M | ||
| Q4 24 | $230.8M | $202.6M | ||
| Q3 24 | $230.1M | $193.8M | ||
| Q2 24 | $248.4M | $174.1M | ||
| Q1 24 | $254.5M | $148.9M |
净利润JBIRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $15.2M | $126.8M | ||
| Q2 25 | $20.7M | $132.3M | ||
| Q1 25 | $10.8M | $113.5M | ||
| Q4 24 | $300.0K | $107.4M | ||
| Q3 24 | $11.8M | $96.2M | ||
| Q2 24 | $27.6M | $81.2M | ||
| Q1 24 | $30.7M | $47.2M |
毛利率JBIRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | 39.1% | 73.6% | ||
| Q2 25 | 40.9% | 72.6% | ||
| Q1 25 | 38.9% | 69.4% | ||
| Q4 24 | 37.8% | 70.3% | ||
| Q3 24 | 39.6% | 66.6% | ||
| Q2 24 | 43.9% | 64.7% | ||
| Q1 24 | 43.4% | 58.4% |
营业利润率JBIRGLD
| Q4 25 | — | 56.2% | ||
| Q3 25 | 13.4% | 64.4% | ||
| Q2 25 | 15.8% | 67.7% | ||
| Q1 25 | 12.0% | 63.6% | ||
| Q4 24 | 5.5% | 65.9% | ||
| Q3 24 | 11.6% | 61.3% | ||
| Q2 24 | 20.8% | 58.6% | ||
| Q1 24 | 21.8% | 50.7% |
净利率JBIRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | 6.9% | 50.3% | ||
| Q2 25 | 9.1% | 63.1% | ||
| Q1 25 | 5.1% | 58.7% | ||
| Q4 24 | 0.1% | 53.0% | ||
| Q3 24 | 5.1% | 49.7% | ||
| Q2 24 | 11.1% | 46.6% | ||
| Q1 24 | 12.1% | 31.7% |
每股收益（稀释后）JBIRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | $0.11 | $1.92 | ||
| Q2 25 | $0.15 | $2.01 | ||
| Q1 25 | $0.08 | $1.72 | ||
| Q4 24 | $0.01 | $1.63 | ||
| Q3 24 | $0.08 | $1.46 | ||
| Q2 24 | $0.19 | $1.23 | ||
| Q1 24 | $0.21 | $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 | — | — |
| 股东权益账面价值 | $560.8M | $7.2B |
| 总资产 | $1.3B | $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JBIRGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | $102.1M | $127.9M | ||
| Q2 24 | $110.1M | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务JBIRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益JBIRGLD
| Q4 25 | — | $7.2B | ||
| Q3 25 | $560.8M | $3.4B | ||
| Q2 25 | $543.8M | $3.3B | ||
| Q1 25 | $526.8M | $3.2B | ||
| Q4 24 | $518.8M | $3.1B | ||
| Q3 24 | $526.6M | $3.0B | ||
| Q2 24 | $556.3M | $3.0B | ||
| Q1 24 | $535.4M | $2.9B |
总资产JBIRGLD
| Q4 25 | — | $9.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $3.6B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.3B | $3.3B | ||
| Q2 24 | $1.3B | $3.3B | ||
| Q1 24 | $1.4B | $3.3B |
负债/权益比JBIRGLD
| 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 | $15.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $8.3M | — |
| 自由现金流率自由现金流/营收 | 3.8% | — |
| 资本支出强度资本支出/营收 | 3.1% | — |
| 现金转化率经营现金流/净利润 | 0.99× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $140.1M | — |
8季度趋势，按日历期对齐
经营现金流JBIRGLD
| Q4 25 | — | $241.7M | ||
| Q3 25 | $15.0M | $174.0M | ||
| Q2 25 | $51.4M | $152.8M | ||
| Q1 25 | $48.3M | $136.4M | ||
| Q4 24 | $51.4M | $141.1M | ||
| Q3 24 | $43.0M | $136.7M | ||
| Q2 24 | $31.0M | $113.5M | ||
| Q1 24 | $28.6M | $138.3M |
自由现金流JBIRGLD
| Q4 25 | — | — | ||
| Q3 25 | $8.3M | — | ||
| Q2 25 | $44.6M | — | ||
| Q1 25 | $41.9M | — | ||
| Q4 24 | $45.3M | — | ||
| Q3 24 | $39.3M | — | ||
| Q2 24 | $25.3M | — | ||
| Q1 24 | $24.0M | — |
自由现金流率JBIRGLD
| Q4 25 | — | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 19.6% | — | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 9.4% | — |
资本支出强度JBIRGLD
| Q4 25 | — | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 2.3% | — | ||
| Q1 24 | 1.8% | — |
现金转化率JBIRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 0.99× | 1.37× | ||
| Q2 25 | 2.48× | 1.15× | ||
| Q1 25 | 4.47× | 1.20× | ||
| Q4 24 | 171.33× | 1.31× | ||
| Q3 24 | 3.64× | 1.42× | ||
| Q2 24 | 1.12× | 1.40× | ||
| Q1 24 | 0.93× | 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
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
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% |
