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肯纳金属（KMT）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
肯纳金属的季度营收约是ROYAL GOLD INC的1.4倍（$529.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 6.4%，领先18.5%），ROYAL GOLD INC同比增速更快（85.3% vs 9.8%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 1.3%）
肯纳金属是高性能切削工具及工程部件制造商，产品广泛应用于航空航天、国防、交通运输、油气钻探等领域，业务覆盖全球市场，为各行业客户提供适配高要求作业场景的专业解决方案。
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。
KMT vs RGLD — 直观对比
营收规模更大
KMT
是对方的1.4倍
$375.3M
营收增速更快
RGLD
高出75.4%
9.8%
净利率更高
RGLD
高出18.5%
6.4%
两年增速更快
RGLD
近两年复合增速
1.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $529.5M | $375.3M |
| 净利润 | $33.9M | $93.6M |
| 毛利率 | 32.8% | 64.6% |
| 营业利润率 | 9.9% | 56.2% |
| 净利率 | 6.4% | 24.9% |
| 营收同比 | 9.8% | 85.3% |
| 净利润同比 | 89.0% | -12.8% |
| 每股收益（稀释后） | $0.44 | $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KMTRGLD
| Q4 25 | $529.5M | $375.3M | ||
| Q3 25 | $498.0M | $252.1M | ||
| Q2 25 | $516.4M | $209.6M | ||
| Q1 25 | $486.4M | $193.4M | ||
| Q4 24 | $482.1M | $202.6M | ||
| Q3 24 | $481.9M | $193.8M | ||
| Q2 24 | $543.3M | $174.1M | ||
| Q1 24 | $515.8M | $148.9M |
净利润KMTRGLD
| Q4 25 | $33.9M | $93.6M | ||
| Q3 25 | $23.3M | $126.8M | ||
| Q2 25 | $21.6M | $132.3M | ||
| Q1 25 | $31.5M | $113.5M | ||
| Q4 24 | $17.9M | $107.4M | ||
| Q3 24 | $22.1M | $96.2M | ||
| Q2 24 | $37.2M | $81.2M | ||
| Q1 24 | $19.0M | $47.2M |
毛利率KMTRGLD
| Q4 25 | 32.8% | 64.6% | ||
| Q3 25 | 31.0% | 73.6% | ||
| Q2 25 | 28.2% | 72.6% | ||
| Q1 25 | 32.1% | 69.4% | ||
| Q4 24 | 30.1% | 70.3% | ||
| Q3 24 | 31.3% | 66.6% | ||
| Q2 24 | 31.5% | 64.7% | ||
| Q1 24 | 29.7% | 58.4% |
营业利润率KMTRGLD
| Q4 25 | 9.9% | 56.2% | ||
| Q3 25 | 7.5% | 64.4% | ||
| Q2 25 | 6.1% | 67.7% | ||
| Q1 25 | 9.1% | 63.6% | ||
| Q4 24 | 6.6% | 65.9% | ||
| Q3 24 | 7.5% | 61.3% | ||
| Q2 24 | 11.3% | 58.6% | ||
| Q1 24 | 6.8% | 50.7% |
净利率KMTRGLD
| Q4 25 | 6.4% | 24.9% | ||
| Q3 25 | 4.7% | 50.3% | ||
| Q2 25 | 4.2% | 63.1% | ||
| Q1 25 | 6.5% | 58.7% | ||
| Q4 24 | 3.7% | 53.0% | ||
| Q3 24 | 4.6% | 49.7% | ||
| Q2 24 | 6.8% | 46.6% | ||
| Q1 24 | 3.7% | 31.7% |
每股收益（稀释后）KMTRGLD
| Q4 25 | $0.44 | $1.04 | ||
| Q3 25 | $0.30 | $1.92 | ||
| Q2 25 | $0.28 | $2.01 | ||
| Q1 25 | $0.41 | $1.72 | ||
| Q4 24 | $0.23 | $1.63 | ||
| Q3 24 | $0.28 | $1.46 | ||
| Q2 24 | $0.47 | $1.23 | ||
| Q1 24 | $0.24 | $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 | $129.3M | $233.7M |
| 总债务越低越好 | $597.2M | — |
| 股东权益账面价值 | $1.3B | $7.2B |
| 总资产 | $2.6B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资KMTRGLD
| Q4 25 | $129.3M | $233.7M | ||
| Q3 25 | $103.5M | $172.8M | ||
| Q2 25 | $140.5M | $248.2M | ||
| Q1 25 | $97.5M | $240.8M | ||
| Q4 24 | $121.2M | $195.5M | ||
| Q3 24 | $119.6M | $127.9M | ||
| Q2 24 | $128.0M | $74.2M | ||
| Q1 24 | $92.1M | $137.9M |
总债务KMTRGLD
| Q4 25 | $597.2M | — | ||
| Q3 25 | $597.0M | — | ||
| Q2 25 | $596.8M | — | ||
| Q1 25 | $596.6M | — | ||
| Q4 24 | $596.4M | — | ||
| Q3 24 | $596.2M | $0 | ||
| Q2 24 | $596.0M | $50.0M | ||
| Q1 24 | $595.8M | — |
股东权益KMTRGLD
| Q4 25 | $1.3B | $7.2B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $1.2B | $3.0B | ||
| Q1 24 | $1.3B | $2.9B |
总资产KMTRGLD
| Q4 25 | $2.6B | $9.5B | ||
| Q3 25 | $2.5B | $4.5B | ||
| Q2 25 | $2.5B | $3.6B | ||
| Q1 25 | $2.5B | $3.5B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.5B | $3.3B | ||
| Q2 24 | $2.5B | $3.3B | ||
| Q1 24 | $2.5B | $3.3B |
负债/权益比KMTRGLD
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.49× | — | ||
| Q3 24 | 0.47× | 0.00× | ||
| Q2 24 | 0.48× | 0.02× | ||
| Q1 24 | 0.47× | — |
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 | $55.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $42.4M | — |
| 自由现金流率自由现金流/营收 | 8.0% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | 1.63× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $99.3M | — |
8季度趋势，按日历期对齐
经营现金流KMTRGLD
| Q4 25 | $55.1M | $241.7M | ||
| Q3 25 | $17.5M | $174.0M | ||
| Q2 25 | $78.6M | $152.8M | ||
| Q1 25 | $28.8M | $136.4M | ||
| Q4 24 | $55.2M | $141.1M | ||
| Q3 24 | $45.7M | $136.7M | ||
| Q2 24 | $113.6M | $113.5M | ||
| Q1 24 | $75.2M | $138.3M |
自由现金流KMTRGLD
| Q4 25 | $42.4M | — | ||
| Q3 25 | $-5.5M | — | ||
| Q2 25 | $57.1M | — | ||
| Q1 25 | $5.3M | — | ||
| Q4 24 | $35.9M | — | ||
| Q3 24 | $21.0M | — | ||
| Q2 24 | $90.3M | — | ||
| Q1 24 | $48.4M | — |
自由现金流率KMTRGLD
| Q4 25 | 8.0% | — | ||
| Q3 25 | -1.1% | — | ||
| Q2 25 | 11.1% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 7.5% | — | ||
| Q3 24 | 4.4% | — | ||
| Q2 24 | 16.6% | — | ||
| Q1 24 | 9.4% | — |
资本支出强度KMTRGLD
| Q4 25 | 2.4% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 5.2% | — |
现金转化率KMTRGLD
| Q4 25 | 1.63× | 2.58× | ||
| Q3 25 | 0.75× | 1.37× | ||
| Q2 25 | 3.64× | 1.15× | ||
| Q1 25 | 0.92× | 1.20× | ||
| Q4 24 | 3.08× | 1.31× | ||
| Q3 24 | 2.07× | 1.42× | ||
| Q2 24 | 3.06× | 1.40× | ||
| Q1 24 | 3.96× | 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
KMT
| Metal Cutting | $331.1M | 63% |
| Infrastructure | $198.5M | 37% |
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% |
