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百胜餐饮集团（LCUT）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的季度营收约是百胜餐饮集团的1.8倍（$375.3M vs $204.1M），ROYAL GOLD INC净利率更高（24.9% vs 8.9%，领先16.0%），ROYAL GOLD INC同比增速更快（85.3% vs -5.2%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 19.8%）
百胜餐饮集团是美国跨国快餐企业，1977年百事可乐收购肯德基、必胜客、塔可Bell后将其整合为旗下子公司，1997年百事剥离该业务板块后正式独立为百胜集团。集团目前运营肯德基、必胜客、塔可Bell、哈比特汉堡等多个餐饮品牌，同时布局相关餐饮科技业务，门店网络遍布全球多个国家和地区。
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。
LCUT vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.8倍
$204.1M
营收增速更快
RGLD
高出90.5%
-5.2%
净利率更高
RGLD
高出16.0%
8.9%
两年增速更快
RGLD
近两年复合增速
19.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $204.1M | $375.3M |
| 净利润 | $18.2M | $93.6M |
| 毛利率 | 38.6% | 64.6% |
| 营业利润率 | 9.8% | 56.2% |
| 净利率 | 8.9% | 24.9% |
| 营收同比 | -5.2% | 85.3% |
| 净利润同比 | 103.5% | -12.8% |
| 每股收益（稀释后） | $0.83 | $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LCUTRGLD
| Q4 25 | $204.1M | $375.3M | ||
| Q3 25 | $171.9M | $252.1M | ||
| Q2 25 | $131.9M | $209.6M | ||
| Q1 25 | $140.1M | $193.4M | ||
| Q4 24 | $215.2M | $202.6M | ||
| Q3 24 | $183.8M | $193.8M | ||
| Q2 24 | $141.7M | $174.1M | ||
| Q1 24 | $142.2M | $148.9M |
净利润LCUTRGLD
| Q4 25 | $18.2M | $93.6M | ||
| Q3 25 | $-1.2M | $126.8M | ||
| Q2 25 | $-39.7M | $132.3M | ||
| Q1 25 | $-4.2M | $113.5M | ||
| Q4 24 | $8.9M | $107.4M | ||
| Q3 24 | $344.0K | $96.2M | ||
| Q2 24 | $-18.2M | $81.2M | ||
| Q1 24 | $-6.3M | $47.2M |
毛利率LCUTRGLD
| Q4 25 | 38.6% | 64.6% | ||
| Q3 25 | 35.1% | 73.6% | ||
| Q2 25 | 38.6% | 72.6% | ||
| Q1 25 | 36.1% | 69.4% | ||
| Q4 24 | 37.7% | 70.3% | ||
| Q3 24 | 36.7% | 66.6% | ||
| Q2 24 | 38.5% | 64.7% | ||
| Q1 24 | 40.5% | 58.4% |
营业利润率LCUTRGLD
| Q4 25 | 9.8% | 56.2% | ||
| Q3 25 | 3.9% | 64.4% | ||
| Q2 25 | -28.2% | 67.7% | ||
| Q1 25 | 0.8% | 63.6% | ||
| Q4 24 | 7.2% | 65.9% | ||
| Q3 24 | 4.7% | 61.3% | ||
| Q2 24 | 0.8% | 58.6% | ||
| Q1 24 | 1.3% | 50.7% |
净利率LCUTRGLD
| Q4 25 | 8.9% | 24.9% | ||
| Q3 25 | -0.7% | 50.3% | ||
| Q2 25 | -30.1% | 63.1% | ||
| Q1 25 | -3.0% | 58.7% | ||
| Q4 24 | 4.1% | 53.0% | ||
| Q3 24 | 0.2% | 49.7% | ||
| Q2 24 | -12.8% | 46.6% | ||
| Q1 24 | -4.4% | 31.7% |
每股收益（稀释后）LCUTRGLD
| Q4 25 | $0.83 | $1.04 | ||
| Q3 25 | $-0.05 | $1.92 | ||
| Q2 25 | $-1.83 | $2.01 | ||
| Q1 25 | $-0.19 | $1.72 | ||
| Q4 24 | $0.41 | $1.63 | ||
| Q3 24 | $0.02 | $1.46 | ||
| Q2 24 | $-0.85 | $1.23 | ||
| Q1 24 | $-0.29 | $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 | $4.3M | $233.7M |
| 总债务越低越好 | $135.0M | — |
| 股东权益账面价值 | $202.3M | $7.2B |
| 总资产 | $572.6M | $9.5B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资LCUTRGLD
| Q4 25 | $4.3M | $233.7M | ||
| Q3 25 | $12.1M | $172.8M | ||
| Q2 25 | $12.0M | $248.2M | ||
| Q1 25 | $10.4M | $240.8M | ||
| Q4 24 | $2.9M | $195.5M | ||
| Q3 24 | $6.0M | $127.9M | ||
| Q2 24 | $3.4M | $74.2M | ||
| Q1 24 | $4.6M | $137.9M |
总债务LCUTRGLD
| Q4 25 | $135.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $142.5M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益LCUTRGLD
| Q4 25 | $202.3M | $7.2B | ||
| Q3 25 | $184.6M | $3.4B | ||
| Q2 25 | $185.8M | $3.3B | ||
| Q1 25 | $225.7M | $3.2B | ||
| Q4 24 | $229.9M | $3.1B | ||
| Q3 24 | $220.9M | $3.0B | ||
| Q2 24 | $219.8M | $3.0B | ||
| Q1 24 | $223.7M | $2.9B |
总资产LCUTRGLD
| Q4 25 | $572.6M | $9.5B | ||
| Q3 25 | $581.1M | $4.5B | ||
| Q2 25 | $551.9M | $3.6B | ||
| Q1 25 | $594.6M | $3.5B | ||
| Q4 24 | $634.3M | $3.4B | ||
| Q3 24 | $668.7M | $3.3B | ||
| Q2 24 | $617.0M | $3.3B | ||
| Q1 24 | $602.7M | $3.3B |
负债/权益比LCUTRGLD
| Q4 25 | 0.67× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| 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 | $3.7M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $2.6M | — |
| 自由现金流率自由现金流/营收 | 1.3% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 现金转化率经营现金流/净利润 | 0.21× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $3.3M | — |
8季度趋势，按日历期对齐
经营现金流LCUTRGLD
| Q4 25 | $3.7M | $241.7M | ||
| Q3 25 | $-22.2M | $174.0M | ||
| Q2 25 | $9.3M | $152.8M | ||
| Q1 25 | $16.7M | $136.4M | ||
| Q4 24 | $20.3M | $141.1M | ||
| Q3 24 | $-22.7M | $136.7M | ||
| Q2 24 | $10.4M | $113.5M | ||
| Q1 24 | $10.5M | $138.3M |
自由现金流LCUTRGLD
| Q4 25 | $2.6M | — | ||
| Q3 25 | $-22.7M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $15.1M | — | ||
| Q4 24 | $19.7M | — | ||
| Q3 24 | $-23.2M | — | ||
| Q2 24 | $9.9M | — | ||
| Q1 24 | $9.9M | — |
自由现金流率LCUTRGLD
| Q4 25 | 1.3% | — | ||
| Q3 25 | -13.2% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 10.8% | — | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | -12.6% | — | ||
| Q2 24 | 7.0% | — | ||
| Q1 24 | 7.0% | — |
资本支出强度LCUTRGLD
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.4% | — |
现金转化率LCUTRGLD
| Q4 25 | 0.21× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 2.28× | 1.31× | ||
| Q3 24 | -65.89× | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 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
LCUT
| Kitchenware | $114.3M | 56% |
| Tableware | $41.7M | 20% |
| Home Solutions | $29.4M | 14% |
| Other | $18.8M | 9% |
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% |
