vs
柯达（KODK）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的季度营收约是柯达的1.3倍（$375.3M vs $290.0M），ROYAL GOLD INC净利率更高（24.9% vs -37.2%，领先62.2%），ROYAL GOLD INC同比增速更快（85.3% vs 9.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 7.9%）
伊士曼柯达公司，常简称为柯达，是一家源自美国的知名影像企业，总部位于纽约州罗切斯特，注册于新泽西州。柯达在摄影胶片领域拥有悠久的历史，曾率先将摄影胶片产品推向大众市场，如今仍围绕传统胶片影像业务开发各类相关产品。
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。
KODK vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.3倍
$290.0M
营收增速更快
RGLD
高出76.3%
9.0%
净利率更高
RGLD
高出62.2%
-37.2%
两年增速更快
RGLD
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $290.0M | $375.3M |
| 净利润 | $-108.0M | $93.6M |
| 毛利率 | 23.1% | 64.6% |
| 营业利润率 | -0.3% | 56.2% |
| 净利率 | -37.2% | 24.9% |
| 营收同比 | 9.0% | 85.3% |
| 净利润同比 | -515.4% | -12.8% |
| 每股收益（稀释后） | $-1.22 | $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KODKRGLD
| Q4 25 | $290.0M | $375.3M | ||
| Q3 25 | $269.0M | $252.1M | ||
| Q2 25 | $263.0M | $209.6M | ||
| Q1 25 | $247.0M | $193.4M | ||
| Q4 24 | $266.0M | $202.6M | ||
| Q3 24 | $261.0M | $193.8M | ||
| Q2 24 | $267.0M | $174.1M | ||
| Q1 24 | $249.0M | $148.9M |
净利润KODKRGLD
| Q4 25 | $-108.0M | $93.6M | ||
| Q3 25 | $13.0M | $126.8M | ||
| Q2 25 | $-26.0M | $132.3M | ||
| Q1 25 | $-7.0M | $113.5M | ||
| Q4 24 | $26.0M | $107.4M | ||
| Q3 24 | $18.0M | $96.2M | ||
| Q2 24 | $26.0M | $81.2M | ||
| Q1 24 | $32.0M | $47.2M |
毛利率KODKRGLD
| Q4 25 | 23.1% | 64.6% | ||
| Q3 25 | 25.3% | 73.6% | ||
| Q2 25 | 19.4% | 72.6% | ||
| Q1 25 | 18.6% | 69.4% | ||
| Q4 24 | 19.2% | 70.3% | ||
| Q3 24 | 17.2% | 66.6% | ||
| Q2 24 | 21.7% | 64.7% | ||
| Q1 24 | 19.7% | 58.4% |
营业利润率KODKRGLD
| Q4 25 | -0.3% | 56.2% | ||
| Q3 25 | 7.1% | 64.4% | ||
| Q2 25 | -1.9% | 67.7% | ||
| Q1 25 | -5.3% | 63.6% | ||
| Q4 24 | -3.0% | 65.9% | ||
| Q3 24 | -3.1% | 61.3% | ||
| Q2 24 | 0.7% | 58.6% | ||
| Q1 24 | 2.8% | 50.7% |
净利率KODKRGLD
| Q4 25 | -37.2% | 24.9% | ||
| Q3 25 | 4.8% | 50.3% | ||
| Q2 25 | -9.9% | 63.1% | ||
| Q1 25 | -2.8% | 58.7% | ||
| Q4 24 | 9.8% | 53.0% | ||
| Q3 24 | 6.9% | 49.7% | ||
| Q2 24 | 9.7% | 46.6% | ||
| Q1 24 | 12.9% | 31.7% |
每股收益（稀释后）KODKRGLD
| Q4 25 | $-1.22 | $1.04 | ||
| Q3 25 | $-0.08 | $1.92 | ||
| Q2 25 | $-0.36 | $2.01 | ||
| Q1 25 | $-0.12 | $1.72 | ||
| Q4 24 | $0.22 | $1.63 | ||
| Q3 24 | $0.15 | $1.46 | ||
| Q2 24 | $0.23 | $1.23 | ||
| Q1 24 | $0.30 | $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 | $436.0M | $233.7M |
| 总债务越低越好 | $209.0M | — |
| 股东权益账面价值 | $614.0M | $7.2B |
| 总资产 | $1.6B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.34× | — |
8季度趋势，按日历期对齐
现金及短期投资KODKRGLD
| Q4 25 | $436.0M | $233.7M | ||
| Q3 25 | $168.0M | $172.8M | ||
| Q2 25 | $155.0M | $248.2M | ||
| Q1 25 | $158.0M | $240.8M | ||
| Q4 24 | $201.0M | $195.5M | ||
| Q3 24 | $214.0M | $127.9M | ||
| Q2 24 | $251.0M | $74.2M | ||
| Q1 24 | $262.0M | $137.9M |
总债务KODKRGLD
| Q4 25 | $209.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $467.0M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益KODKRGLD
| Q4 25 | $614.0M | $7.2B | ||
| Q3 25 | $762.0M | $3.4B | ||
| Q2 25 | $528.0M | $3.3B | ||
| Q1 25 | $563.0M | $3.2B | ||
| Q4 24 | $641.0M | $3.1B | ||
| Q3 24 | $982.0M | $3.0B | ||
| Q2 24 | $961.0M | $3.0B | ||
| Q1 24 | $951.0M | $2.9B |
总资产KODKRGLD
| Q4 25 | $1.6B | $9.5B | ||
| Q3 25 | $2.1B | $4.5B | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $1.9B | $3.5B | ||
| Q4 24 | $2.0B | $3.4B | ||
| Q3 24 | $2.4B | $3.3B | ||
| Q2 24 | $2.4B | $3.3B | ||
| Q1 24 | $2.3B | $3.3B |
负债/权益比KODKRGLD
| Q4 25 | 0.34× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.73× | — | ||
| 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 | $489.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $483.0M | — |
| 自由现金流率自由现金流/营收 | 166.6% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | $446.0M | — |
8季度趋势，按日历期对齐
经营现金流KODKRGLD
| Q4 25 | $489.0M | $241.7M | ||
| Q3 25 | $21.0M | $174.0M | ||
| Q2 25 | $8.0M | $152.8M | ||
| Q1 25 | $-38.0M | $136.4M | ||
| Q4 24 | $4.0M | $141.1M | ||
| Q3 24 | $-21.0M | $136.7M | ||
| Q2 24 | $-7.0M | $113.5M | ||
| Q1 24 | $17.0M | $138.3M |
自由现金流KODKRGLD
| Q4 25 | $483.0M | — | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $-4.0M | — | ||
| Q1 25 | $-50.0M | — | ||
| Q4 24 | $-13.0M | — | ||
| Q3 24 | $-41.0M | — | ||
| Q2 24 | $-16.0M | — | ||
| Q1 24 | $7.0M | — |
自由现金流率KODKRGLD
| Q4 25 | 166.6% | — | ||
| Q3 25 | 6.3% | — | ||
| Q2 25 | -1.5% | — | ||
| Q1 25 | -20.2% | — | ||
| Q4 24 | -4.9% | — | ||
| Q3 24 | -15.7% | — | ||
| Q2 24 | -6.0% | — | ||
| Q1 24 | 2.8% | — |
资本支出强度KODKRGLD
| Q4 25 | 2.1% | — | ||
| Q3 25 | 1.5% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 7.7% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 4.0% | — |
现金转化率KODKRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 1.62× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 0.15× | 1.31× | ||
| Q3 24 | -1.17× | 1.42× | ||
| Q2 24 | -0.27× | 1.40× | ||
| Q1 24 | 0.53× | 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
KODK
| Segment Continuing Operations | $195.0M | 67% |
| Advanced Materials And Chemicals | $85.0M | 29% |
| Other | $7.0M | 2% |
| All Other | $3.0M | 1% |
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% |
