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LANDS' END, INC.（LE）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LANDS' END, INC.的1.2倍（$375.3M vs $317.5M），ROYAL GOLD INC净利率更高（24.9% vs 1.6%，领先23.3%），ROYAL GOLD INC同比增速更快（85.3% vs 0.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -0.9%）
Lands' End是1963年诞生于美国芝加哥的服饰零售品牌，最初以邮购游艇用品起家，目前业务拓展至服饰、箱包与家居用品领域。截至2024年2月，品牌在美国本土共开设26家门店，总部位于威斯康星州道奇维尔。品牌名源自地名兰兹角，因创立时印刷错了撇号位置又无力重印，错拼的名称便沿用至今。
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。
LE vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.2倍
$317.5M
营收增速更快
RGLD
高出85.2%
0.1%
净利率更高
RGLD
高出23.3%
1.6%
两年增速更快
RGLD
近两年复合增速
-0.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $317.5M | $375.3M |
| 净利润 | $5.2M | $93.6M |
| 毛利率 | 51.8% | 64.6% |
| 营业利润率 | 5.3% | 56.2% |
| 净利率 | 1.6% | 24.9% |
| 营收同比 | 0.1% | 85.3% |
| 净利润同比 | 198.3% | -12.8% |
| 每股收益（稀释后） | $0.17 | $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LERGLD
| Q4 25 | $317.5M | $375.3M | ||
| Q3 25 | — | $252.1M | ||
| Q2 25 | $261.2M | $209.6M | ||
| Q1 25 | — | $193.4M | ||
| Q4 24 | $318.6M | $202.6M | ||
| Q3 24 | $317.2M | $193.8M | ||
| Q2 24 | $285.5M | $174.1M | ||
| Q1 24 | $514.9M | $148.9M |
净利润LERGLD
| Q4 25 | $5.2M | $93.6M | ||
| Q3 25 | — | $126.8M | ||
| Q2 25 | $-8.3M | $132.3M | ||
| Q1 25 | — | $113.5M | ||
| Q4 24 | $-593.0K | $107.4M | ||
| Q3 24 | $-5.3M | $96.2M | ||
| Q2 24 | $-6.4M | $81.2M | ||
| Q1 24 | $-8.6M | $47.2M |
毛利率LERGLD
| Q4 25 | 51.8% | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | 50.8% | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | 50.6% | 70.3% | ||
| Q3 24 | 47.9% | 66.6% | ||
| Q2 24 | 48.7% | 64.7% | ||
| Q1 24 | 38.0% | 58.4% |
营业利润率LERGLD
| Q4 25 | 5.3% | 56.2% | ||
| Q3 25 | — | 64.4% | ||
| Q2 25 | -0.9% | 67.7% | ||
| Q1 25 | — | 63.6% | ||
| Q4 24 | 2.9% | 65.9% | ||
| Q3 24 | 0.8% | 61.3% | ||
| Q2 24 | 0.8% | 58.6% | ||
| Q1 24 | 1.6% | 50.7% |
净利率LERGLD
| Q4 25 | 1.6% | 24.9% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | -3.2% | 63.1% | ||
| Q1 25 | — | 58.7% | ||
| Q4 24 | -0.2% | 53.0% | ||
| Q3 24 | -1.7% | 49.7% | ||
| Q2 24 | -2.3% | 46.6% | ||
| Q1 24 | -1.7% | 31.7% |
每股收益（稀释后）LERGLD
| Q4 25 | $0.17 | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | $-0.27 | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | $-0.02 | $1.63 | ||
| Q3 24 | $-0.17 | $1.46 | ||
| Q2 24 | $-0.20 | $1.23 | ||
| Q1 24 | $-0.27 | $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 | $36.3M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $231.0M | $7.2B |
| 总资产 | $852.7M | $9.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LERGLD
| Q4 25 | $36.3M | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | $18.1M | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | $30.4M | $195.5M | ||
| Q3 24 | $25.6M | $127.9M | ||
| Q2 24 | $27.4M | $74.2M | ||
| Q1 24 | $25.3M | $137.9M |
总债务LERGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益LERGLD
| Q4 25 | $231.0M | $7.2B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $230.1M | $3.3B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | $223.6M | $3.1B | ||
| Q3 24 | $226.5M | $3.0B | ||
| Q2 24 | $234.6M | $3.0B | ||
| Q1 24 | $241.6M | $2.9B |
总资产LERGLD
| Q4 25 | $852.7M | $9.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | $760.5M | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $843.6M | $3.4B | ||
| Q3 24 | $802.5M | $3.3B | ||
| Q2 24 | $800.1M | $3.3B | ||
| Q1 24 | $811.5M | $3.3B |
负债/权益比LERGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $-15.7M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-22.4M | — |
| 自由现金流率自由现金流/营收 | -7.1% | — |
| 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 | -3.03× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-55.0M | — |
8季度趋势，按日历期对齐
经营现金流LERGLD
| Q4 25 | $-15.7M | $241.7M | ||
| Q3 25 | — | $174.0M | ||
| Q2 25 | $-22.5M | $152.8M | ||
| Q1 25 | — | $136.4M | ||
| Q4 24 | $-17.1M | $141.1M | ||
| Q3 24 | $30.7M | $136.7M | ||
| Q2 24 | $-25.8M | $113.5M | ||
| Q1 24 | $93.9M | $138.3M |
自由现金流LERGLD
| Q4 25 | $-22.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-30.7M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-27.8M | — | ||
| Q3 24 | $26.0M | — | ||
| Q2 24 | $-32.6M | — | ||
| Q1 24 | $87.5M | — |
自由现金流率LERGLD
| Q4 25 | -7.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -11.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -8.7% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | 17.0% | — |
资本支出强度LERGLD
| Q4 25 | 2.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.2% | — |
现金转化率LERGLD
| Q4 25 | -3.03× | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 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
LE
| U Se Commerce | $179.8M | 57% |
| Business Outfitters Revenue | $78.8M | 25% |
| Licensing And Retail | $20.2M | 6% |
| Other | $19.8M | 6% |
| Third Party | $18.9M | 6% |
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% |
