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LCI INDUSTRIES（LCII）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
LCI INDUSTRIES的季度营收约是ROYAL GOLD INC的2.0倍（$932.7M vs $469.1M），ROYAL GOLD INC净利率更高（60.0% vs 2.0%，领先58.0%），ROYAL GOLD INC同比增速更快（142.6% vs 16.1%），ROYAL GOLD INC自由现金流更多（$278.9M vs $64.3M），过去两年ROYAL GOLD INC的营收复合增速更高（64.2% vs -1.8%）
拉奇核心工业有限公司前身为巴基斯坦帝国化学工业公司，是一家总部位于卡拉奇的巴基斯坦综合性企业集团，业务覆盖聚酯、医药、农用化学品、纯碱及兽药等多品类产品的研发生产，在巴基斯坦本土工业领域拥有重要市场地位。
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。
LCII vs RGLD — 直观对比
营收规模更大
LCII
是对方的2.0倍
$469.1M
营收增速更快
RGLD
高出126.4%
16.1%
净利率更高
RGLD
高出58.0%
2.0%
自由现金流更多
RGLD
多$214.6M
$64.3M
两年增速更快
RGLD
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $932.7M | $469.1M |
| 净利润 | $18.7M | $281.7M |
| 毛利率 | 22.1% | — |
| 营业利润率 | 3.8% | 63.3% |
| 净利率 | 2.0% | 60.0% |
| 营收同比 | 16.1% | 142.6% |
| 净利润同比 | 95.7% | 147.7% |
| 每股收益（稀释后） | $0.79 | $3.30 |
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LCIIRGLD
| Q1 26 | — | $469.1M | ||
| Q4 25 | $932.7M | $375.3M | ||
| Q3 25 | $1.0B | $252.1M | ||
| Q2 25 | $1.1B | $209.6M | ||
| Q1 25 | $1.0B | $193.4M | ||
| Q4 24 | $803.1M | $202.6M | ||
| Q3 24 | $915.5M | $193.8M | ||
| Q2 24 | $1.1B | $174.1M |
净利润LCIIRGLD
| Q1 26 | — | $281.7M | ||
| Q4 25 | $18.7M | $93.6M | ||
| Q3 25 | $62.5M | $126.8M | ||
| Q2 25 | $57.6M | $132.3M | ||
| Q1 25 | $49.4M | $113.5M | ||
| Q4 24 | $9.5M | $107.4M | ||
| Q3 24 | $35.6M | $96.2M | ||
| Q2 24 | $61.2M | $81.2M |
毛利率LCIIRGLD
| Q1 26 | — | — | ||
| Q4 25 | 22.1% | 64.6% | ||
| Q3 25 | 24.4% | 73.6% | ||
| Q2 25 | 24.4% | 72.6% | ||
| Q1 25 | 24.1% | 69.4% | ||
| Q4 24 | 21.1% | 70.3% | ||
| Q3 24 | 24.0% | 66.6% | ||
| Q2 24 | 25.3% | 64.7% |
营业利润率LCIIRGLD
| Q1 26 | — | 63.3% | ||
| Q4 25 | 3.8% | 56.2% | ||
| Q3 25 | 7.3% | 64.4% | ||
| Q2 25 | 7.9% | 67.7% | ||
| Q1 25 | 7.8% | 63.6% | ||
| Q4 24 | 2.0% | 65.9% | ||
| Q3 24 | 5.9% | 61.3% | ||
| Q2 24 | 8.6% | 58.6% |
净利率LCIIRGLD
| Q1 26 | — | 60.0% | ||
| Q4 25 | 2.0% | 24.9% | ||
| Q3 25 | 6.0% | 50.3% | ||
| Q2 25 | 5.2% | 63.1% | ||
| Q1 25 | 4.7% | 58.7% | ||
| Q4 24 | 1.2% | 53.0% | ||
| Q3 24 | 3.9% | 49.7% | ||
| Q2 24 | 5.8% | 46.6% |
每股收益（稀释后）LCIIRGLD
| Q1 26 | — | $3.30 | ||
| Q4 25 | $0.79 | $1.04 | ||
| Q3 25 | $2.55 | $1.92 | ||
| Q2 25 | $2.29 | $2.01 | ||
| Q1 25 | $1.94 | $1.72 | ||
| Q4 24 | $0.37 | $1.63 | ||
| Q3 24 | $1.39 | $1.46 | ||
| Q2 24 | $2.40 | $1.23 |
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 | $222.6M | $234.1M |
| 总债务越低越好 | $945.2M | — |
| 股东权益账面价值 | $1.4B | $7.5B |
| 总资产 | $3.2B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资LCIIRGLD
| Q1 26 | — | $234.1M | ||
| Q4 25 | $222.6M | $233.7M | ||
| Q3 25 | $199.7M | $172.8M | ||
| Q2 25 | $191.9M | $248.2M | ||
| Q1 25 | $231.2M | $240.8M | ||
| Q4 24 | $165.8M | $195.5M | ||
| Q3 24 | $161.2M | $127.9M | ||
| Q2 24 | $130.4M | $74.2M |
总债务LCIIRGLD
| Q1 26 | — | — | ||
| Q4 25 | $945.2M | — | ||
| Q3 25 | $947.8M | — | ||
| Q2 25 | $948.0M | — | ||
| Q1 25 | $938.3M | — | ||
| Q4 24 | $757.3M | — | ||
| Q3 24 | $822.5M | $0 | ||
| Q2 24 | $829.7M | $50.0M |
股东权益LCIIRGLD
| Q1 26 | — | $7.5B | ||
| Q4 25 | $1.4B | $7.2B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $1.4B | $3.3B | ||
| Q1 25 | $1.4B | $3.2B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.4B | $3.0B |
总资产LCIIRGLD
| Q1 26 | — | $9.5B | ||
| Q4 25 | $3.2B | $9.5B | ||
| Q3 25 | $3.2B | $4.5B | ||
| Q2 25 | $3.2B | $3.6B | ||
| Q1 25 | $3.1B | $3.5B | ||
| Q4 24 | $2.9B | $3.4B | ||
| Q3 24 | $3.0B | $3.3B | ||
| Q2 24 | $3.0B | $3.3B |
负债/权益比LCIIRGLD
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.55× | — | ||
| Q3 24 | 0.58× | 0.00× | ||
| Q2 24 | 0.60× | 0.02× |
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 | $78.9M | $293.6M |
| 自由现金流经营现金流 - 资本支出 | $64.3M | $278.9M |
| 自由现金流率自由现金流/营收 | 6.9% | 59.4% |
| 资本支出强度资本支出/营收 | 1.6% | — |
| 现金转化率经营现金流/净利润 | 4.22× | 1.04× |
| 过去12个月自由现金流最近4个季度 | $278.3M | — |
8季度趋势，按日历期对齐
经营现金流LCIIRGLD
| Q1 26 | — | $293.6M | ||
| Q4 25 | $78.9M | $241.7M | ||
| Q3 25 | $97.2M | $174.0M | ||
| Q2 25 | $112.2M | $152.8M | ||
| Q1 25 | $42.7M | $136.4M | ||
| Q4 24 | $106.6M | $141.1M | ||
| Q3 24 | $78.4M | $136.7M | ||
| Q2 24 | $192.9M | $113.5M |
自由现金流LCIIRGLD
| Q1 26 | — | $278.9M | ||
| Q4 25 | $64.3M | — | ||
| Q3 25 | $80.9M | — | ||
| Q2 25 | $99.5M | — | ||
| Q1 25 | $33.7M | — | ||
| Q4 24 | $95.7M | — | ||
| Q3 24 | $68.3M | — | ||
| Q2 24 | $180.2M | — |
自由现金流率LCIIRGLD
| Q1 26 | — | 59.4% | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 9.0% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 7.5% | — | ||
| Q2 24 | 17.1% | — |
资本支出强度LCIIRGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.2% | — |
现金转化率LCIIRGLD
| Q1 26 | — | 1.04× | ||
| Q4 25 | 4.22× | 2.58× | ||
| Q3 25 | 1.55× | 1.37× | ||
| Q2 25 | 1.95× | 1.15× | ||
| Q1 25 | 0.86× | 1.20× | ||
| Q4 24 | 11.17× | 1.31× | ||
| Q3 24 | 2.20× | 1.42× | ||
| Q2 24 | 3.15× | 1.40× |
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
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
RGLD
| North America | $258.0M | 55% |
| South and Central America | $110.2M | 23% |
| Europe, Middle East, Africa (EMEA) | $84.8M | 18% |
| Australia Pacific | $16.1M | 3% |
