vs
Kosmos Energy Ltd.（KOS）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Kosmos Energy Ltd.的1.3倍（$375.3M vs $294.6M），ROYAL GOLD INC同比增速更快（85.3% vs -25.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -16.5%）
科斯莫斯能源是一家美国上游石油企业，总部位于得克萨斯州达拉斯。公司目前在加纳、赤道几内亚近海以及墨西哥湾开展油气生产与开发业务，在毛里塔尼亚、塞内加尔近海拥有开发项目，还在纳米比亚、圣多美和普林西比、苏里南近海持有勘探许可。
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。
KOS vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.3倍
$294.6M
营收增速更快
RGLD
高出111.2%
-25.9%
两年增速更快
RGLD
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $294.6M | $375.3M |
| 净利润 | — | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | -125.7% | 56.2% |
| 净利率 | — | 24.9% |
| 营收同比 | -25.9% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $-0.80 | $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KOSRGLD
| Q4 25 | $294.6M | $375.3M | ||
| Q3 25 | $311.0M | $252.1M | ||
| Q2 25 | $392.6M | $209.6M | ||
| Q1 25 | $290.1M | $193.4M | ||
| Q4 24 | $397.6M | $202.6M | ||
| Q3 24 | $407.8M | $193.8M | ||
| Q2 24 | $447.8M | $174.1M | ||
| Q1 24 | $422.3M | $148.9M |
净利润KOSRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $-124.3M | $126.8M | ||
| Q2 25 | $-87.7M | $132.3M | ||
| Q1 25 | $-110.6M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $45.0M | $96.2M | ||
| Q2 24 | $59.8M | $81.2M | ||
| Q1 24 | $91.7M | $47.2M |
毛利率KOSRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率KOSRGLD
| Q4 25 | -125.7% | 56.2% | ||
| Q3 25 | -34.2% | 64.4% | ||
| Q2 25 | -16.2% | 67.7% | ||
| Q1 25 | -32.4% | 63.6% | ||
| Q4 24 | -8.5% | 65.9% | ||
| Q3 24 | 26.1% | 61.3% | ||
| Q2 24 | 30.2% | 58.6% | ||
| Q1 24 | 33.6% | 50.7% |
净利率KOSRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | -40.0% | 50.3% | ||
| Q2 25 | -22.3% | 63.1% | ||
| Q1 25 | -38.1% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | 11.0% | 49.7% | ||
| Q2 24 | 13.3% | 46.6% | ||
| Q1 24 | 21.7% | 31.7% |
每股收益（稀释后）KOSRGLD
| Q4 25 | $-0.80 | $1.04 | ||
| Q3 25 | $-0.26 | $1.92 | ||
| Q2 25 | $-0.18 | $2.01 | ||
| Q1 25 | $-0.23 | $1.72 | ||
| Q4 24 | $0.00 | $1.63 | ||
| Q3 24 | $0.09 | $1.46 | ||
| Q2 24 | $0.12 | $1.23 | ||
| Q1 24 | $0.19 | $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 | $91.5M | $233.7M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $528.6M | $7.2B |
| 总资产 | $4.7B | $9.5B |
| 负债/权益比越低杠杆越低 | 5.78× | — |
8季度趋势，按日历期对齐
现金及短期投资KOSRGLD
| Q4 25 | $91.5M | $233.7M | ||
| Q3 25 | $64.0M | $172.8M | ||
| Q2 25 | $51.7M | $248.2M | ||
| Q1 25 | $49.8M | $240.8M | ||
| Q4 24 | $85.0M | $195.5M | ||
| Q3 24 | $51.6M | $127.9M | ||
| Q2 24 | $173.8M | $74.2M | ||
| Q1 24 | $254.3M | $137.9M |
总债务KOSRGLD
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益KOSRGLD
| Q4 25 | $528.6M | $7.2B | ||
| Q3 25 | $898.8M | $3.4B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $1.1B | $3.2B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.2B | $3.0B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | $1.1B | $2.9B |
总资产KOSRGLD
| Q4 25 | $4.7B | $9.5B | ||
| Q3 25 | $5.1B | $4.5B | ||
| Q2 25 | $5.2B | $3.6B | ||
| Q1 25 | $5.3B | $3.5B | ||
| Q4 24 | $5.3B | $3.4B | ||
| Q3 24 | $5.5B | $3.3B | ||
| Q2 24 | $5.4B | $3.3B | ||
| Q1 24 | $5.4B | $3.3B |
负债/权益比KOSRGLD
| Q4 25 | 5.78× | — | ||
| Q3 25 | 3.31× | — | ||
| Q2 25 | 2.80× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.29× | — | ||
| 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 | $35.3M | $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 | — | 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KOSRGLD
| Q4 25 | $35.3M | $241.7M | ||
| Q3 25 | $-27.6M | $174.0M | ||
| Q2 25 | $127.2M | $152.8M | ||
| Q1 25 | $-888.0K | $136.4M | ||
| Q4 24 | $175.7M | $141.1M | ||
| Q3 24 | $6.3M | $136.7M | ||
| Q2 24 | $223.7M | $113.5M | ||
| Q1 24 | $272.6M | $138.3M |
现金转化率KOSRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 0.14× | 1.42× | ||
| Q2 24 | 3.74× | 1.40× | ||
| Q1 24 | 2.97× | 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
KOS
| Ghana Segment | $134.6M | 46% |
| Gulf Of America | $80.7M | 27% |
| Mauritania And Senegal | $54.9M | 19% |
| Equatorial Guinea Segment | $24.3M | 8% |
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% |
