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Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.4倍（$375.3M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 24.9%，领先121.8%），ROYAL GOLD INC同比增速更快（85.3% vs 6.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 4.3%）
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
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。
LBRDA vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.4倍
$261.0M
营收增速更快
RGLD
高出79.2%
6.1%
净利率更高
LBRDA
高出121.8%
24.9%
两年增速更快
RGLD
近两年复合增速
4.3%
损益表 — Q2 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $261.0M | $375.3M |
| 净利润 | $383.0M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 15.7% | 56.2% |
| 净利率 | 146.7% | 24.9% |
| 营收同比 | 6.1% | 85.3% |
| 净利润同比 | 96.4% | -12.8% |
| 每股收益（稀释后） | $2.68 | $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LBRDARGLD
| Q4 25 | — | $375.3M | ||
| Q3 25 | — | $252.1M | ||
| Q2 25 | $261.0M | $209.6M | ||
| Q1 25 | $266.0M | $193.4M | ||
| Q4 24 | $263.0M | $202.6M | ||
| Q3 24 | $262.0M | $193.8M | ||
| Q2 24 | $246.0M | $174.1M | ||
| Q1 24 | $245.0M | $148.9M |
净利润LBRDARGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | — | $126.8M | ||
| Q2 25 | $383.0M | $132.3M | ||
| Q1 25 | $268.0M | $113.5M | ||
| Q4 24 | $291.0M | $107.4M | ||
| Q3 24 | $142.0M | $96.2M | ||
| Q2 24 | $195.0M | $81.2M | ||
| Q1 24 | $241.0M | $47.2M |
毛利率LBRDARGLD
| 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LBRDARGLD
| Q4 25 | — | 56.2% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | 15.7% | 67.7% | ||
| Q1 25 | 16.2% | 63.6% | ||
| Q4 24 | 4.9% | 65.9% | ||
| Q3 24 | 11.5% | 61.3% | ||
| Q2 24 | 8.5% | 58.6% | ||
| Q1 24 | 11.4% | 50.7% |
净利率LBRDARGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | 146.7% | 63.1% | ||
| Q1 25 | 100.8% | 58.7% | ||
| Q4 24 | 110.6% | 53.0% | ||
| Q3 24 | 54.2% | 49.7% | ||
| Q2 24 | 79.3% | 46.6% | ||
| Q1 24 | 98.4% | 31.7% |
每股收益（稀释后）LBRDARGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | $2.68 | $2.01 | ||
| Q1 25 | $1.87 | $1.72 | ||
| Q4 24 | $2.04 | $1.63 | ||
| Q3 24 | $0.99 | $1.46 | ||
| Q2 24 | $1.36 | $1.23 | ||
| Q1 24 | $1.69 | $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 | $180.0M | $233.7M |
| 总债务越低越好 | $3.1B | — |
| 股东权益账面价值 | $10.4B | $7.2B |
| 总资产 | $16.6B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资LBRDARGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | $180.0M | $248.2M | ||
| Q1 25 | $226.0M | $240.8M | ||
| Q4 24 | $163.0M | $195.5M | ||
| Q3 24 | $168.0M | $127.9M | ||
| Q2 24 | $73.0M | $74.2M | ||
| Q1 24 | $108.0M | $137.9M |
总债务LBRDARGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | $0 | ||
| Q2 24 | $3.6B | $50.0M | ||
| Q1 24 | $3.6B | — |
股东权益LBRDARGLD
| Q4 25 | — | $7.2B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $10.4B | $3.3B | ||
| Q1 25 | $10.1B | $3.2B | ||
| Q4 24 | $9.8B | $3.1B | ||
| Q3 24 | $9.5B | $3.0B | ||
| Q2 24 | $9.3B | $3.0B | ||
| Q1 24 | $9.1B | $2.9B |
总资产LBRDARGLD
| Q4 25 | — | $9.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $16.6B | $3.6B | ||
| Q1 25 | $17.0B | $3.5B | ||
| Q4 24 | $16.7B | $3.4B | ||
| Q3 24 | $16.3B | $3.3B | ||
| Q2 24 | $16.0B | $3.3B | ||
| Q1 24 | $15.7B | $3.3B |
负债/权益比LBRDARGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 0.38× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | 0.00× | ||
| Q2 24 | 0.39× | 0.02× | ||
| Q1 24 | 0.40× | — |
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 | $91.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $37.0M | — |
| 自由现金流率自由现金流/营收 | 14.2% | — |
| 资本支出强度资本支出/营收 | 20.7% | — |
| 现金转化率经营现金流/净利润 | 0.24× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-49.0M | — |
8季度趋势，按日历期对齐
经营现金流LBRDARGLD
| Q4 25 | — | $241.7M | ||
| Q3 25 | — | $174.0M | ||
| Q2 25 | $91.0M | $152.8M | ||
| Q1 25 | $78.0M | $136.4M | ||
| Q4 24 | $1.0M | $141.1M | ||
| Q3 24 | $24.0M | $136.7M | ||
| Q2 24 | $27.0M | $113.5M | ||
| Q1 24 | $52.0M | $138.3M |
自由现金流LBRDARGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $13.0M | — | ||
| Q4 24 | $-63.0M | — | ||
| Q3 24 | $-36.0M | — | ||
| Q2 24 | $-35.0M | — | ||
| Q1 24 | $-9.0M | — |
自由现金流率LBRDARGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 14.2% | — | ||
| Q1 25 | 4.9% | — | ||
| Q4 24 | -24.0% | — | ||
| Q3 24 | -13.7% | — | ||
| Q2 24 | -14.2% | — | ||
| Q1 24 | -3.7% | — |
资本支出强度LBRDARGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 20.7% | — | ||
| Q1 25 | 24.4% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 25.2% | — | ||
| Q1 24 | 24.9% | — |
现金转化率LBRDARGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 0.24× | 1.15× | ||
| Q1 25 | 0.29× | 1.20× | ||
| Q4 24 | 0.00× | 1.31× | ||
| Q3 24 | 0.17× | 1.42× | ||
| Q2 24 | 0.14× | 1.40× | ||
| Q1 24 | 0.22× | 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
LBRDA
暂无分部数据
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% |
