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Life Time Group Holdings, Inc.（LTH）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
Life Time Group Holdings, Inc.的季度营收约是ROYAL GOLD INC的2.0倍（$745.1M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 16.5%，领先8.4%），ROYAL GOLD INC同比增速更快（85.3% vs 12.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 11.7%）
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
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。
LTH vs RGLD — 直观对比
营收规模更大
LTH
是对方的2.0倍
$375.3M
营收增速更快
RGLD
高出73.0%
12.3%
净利率更高
RGLD
高出8.4%
16.5%
两年增速更快
RGLD
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $375.3M |
| 净利润 | $123.0M | $93.6M |
| 毛利率 | 49.1% | 64.6% |
| 营业利润率 | 17.4% | 56.2% |
| 净利率 | 16.5% | 24.9% |
| 营收同比 | 12.3% | 85.3% |
| 净利润同比 | 231.0% | -12.8% |
| 每股收益（稀释后） | $0.55 | $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LTHRGLD
| Q4 25 | $745.1M | $375.3M | ||
| Q3 25 | $782.6M | $252.1M | ||
| Q2 25 | $761.5M | $209.6M | ||
| Q1 25 | $706.0M | $193.4M | ||
| Q4 24 | $663.3M | $202.6M | ||
| Q3 24 | $693.2M | $193.8M | ||
| Q2 24 | $667.8M | $174.1M | ||
| Q1 24 | $596.7M | $148.9M |
净利润LTHRGLD
| Q4 25 | $123.0M | $93.6M | ||
| Q3 25 | $102.4M | $126.8M | ||
| Q2 25 | $72.1M | $132.3M | ||
| Q1 25 | $76.1M | $113.5M | ||
| Q4 24 | $37.2M | $107.4M | ||
| Q3 24 | $41.4M | $96.2M | ||
| Q2 24 | $52.8M | $81.2M | ||
| Q1 24 | $24.9M | $47.2M |
毛利率LTHRGLD
| Q4 25 | 49.1% | 64.6% | ||
| Q3 25 | 47.1% | 73.6% | ||
| Q2 25 | 47.0% | 72.6% | ||
| Q1 25 | 47.5% | 69.4% | ||
| Q4 24 | 48.2% | 70.3% | ||
| Q3 24 | 46.5% | 66.6% | ||
| Q2 24 | 46.8% | 64.7% | ||
| Q1 24 | 46.1% | 58.4% |
营业利润率LTHRGLD
| Q4 25 | 17.4% | 56.2% | ||
| Q3 25 | 17.3% | 64.4% | ||
| Q2 25 | 14.2% | 67.7% | ||
| Q1 25 | 15.2% | 63.6% | ||
| Q4 24 | 13.1% | 65.9% | ||
| Q3 24 | 13.5% | 61.3% | ||
| Q2 24 | 15.7% | 58.6% | ||
| Q1 24 | 12.1% | 50.7% |
净利率LTHRGLD
| Q4 25 | 16.5% | 24.9% | ||
| Q3 25 | 13.1% | 50.3% | ||
| Q2 25 | 9.5% | 63.1% | ||
| Q1 25 | 10.8% | 58.7% | ||
| Q4 24 | 5.6% | 53.0% | ||
| Q3 24 | 6.0% | 49.7% | ||
| Q2 24 | 7.9% | 46.6% | ||
| Q1 24 | 4.2% | 31.7% |
每股收益（稀释后）LTHRGLD
| Q4 25 | $0.55 | $1.04 | ||
| Q3 25 | $0.45 | $1.92 | ||
| Q2 25 | $0.32 | $2.01 | ||
| Q1 25 | $0.34 | $1.72 | ||
| Q4 24 | $0.17 | $1.63 | ||
| Q3 24 | $0.19 | $1.46 | ||
| Q2 24 | $0.26 | $1.23 | ||
| Q1 24 | $0.12 | $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 | $204.8M | $233.7M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $3.1B | $7.2B |
| 总资产 | $8.0B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资LTHRGLD
| Q4 25 | $204.8M | $233.7M | ||
| Q3 25 | $218.9M | $172.8M | ||
| Q2 25 | $175.5M | $248.2M | ||
| Q1 25 | $59.0M | $240.8M | ||
| Q4 24 | $10.9M | $195.5M | ||
| Q3 24 | $120.9M | $127.9M | ||
| Q2 24 | $34.5M | $74.2M | ||
| Q1 24 | $18.6M | $137.9M |
总债务LTHRGLD
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.7B | $0 | ||
| Q2 24 | $1.8B | $50.0M | ||
| Q1 24 | $2.0B | — |
股东权益LTHRGLD
| Q4 25 | $3.1B | $7.2B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $2.9B | $3.3B | ||
| Q1 25 | $2.7B | $3.2B | ||
| Q4 24 | $2.6B | $3.1B | ||
| Q3 24 | $2.6B | $3.0B | ||
| Q2 24 | $2.4B | $3.0B | ||
| Q1 24 | $2.3B | $2.9B |
总资产LTHRGLD
| Q4 25 | $8.0B | $9.5B | ||
| Q3 25 | $7.8B | $4.5B | ||
| Q2 25 | $7.6B | $3.6B | ||
| Q1 25 | $7.3B | $3.5B | ||
| Q4 24 | $7.2B | $3.4B | ||
| Q3 24 | $7.2B | $3.3B | ||
| Q2 24 | $7.1B | $3.3B | ||
| Q1 24 | $7.1B | $3.3B |
负债/权益比LTHRGLD
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.64× | 0.00× | ||
| Q2 24 | 0.78× | 0.02× | ||
| Q1 24 | 0.87× | — |
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 | $239.9M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | — |
| 自由现金流率自由现金流/营收 | -8.7% | — |
| 资本支出强度资本支出/营收 | 40.9% | — |
| 现金转化率经营现金流/净利润 | 1.95× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $-21.0M | — |
8季度趋势，按日历期对齐
经营现金流LTHRGLD
| Q4 25 | $239.9M | $241.7M | ||
| Q3 25 | $251.1M | $174.0M | ||
| Q2 25 | $195.7M | $152.8M | ||
| Q1 25 | $183.9M | $136.4M | ||
| Q4 24 | $163.1M | $141.1M | ||
| Q3 24 | $151.1M | $136.7M | ||
| Q2 24 | $170.4M | $113.5M | ||
| Q1 24 | $90.4M | $138.3M |
自由现金流LTHRGLD
| Q4 25 | $-64.6M | — | ||
| Q3 25 | $28.6M | — | ||
| Q2 25 | $-26.3M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $26.8M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $26.1M | — | ||
| Q1 24 | $-66.4M | — |
自由现金流率LTHRGLD
| Q4 25 | -8.7% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | -11.1% | — |
资本支出强度LTHRGLD
| Q4 25 | 40.9% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 20.2% | — | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 26.3% | — |
现金转化率LTHRGLD
| Q4 25 | 1.95× | 2.58× | ||
| Q3 25 | 2.45× | 1.37× | ||
| Q2 25 | 2.71× | 1.15× | ||
| Q1 25 | 2.41× | 1.20× | ||
| Q4 24 | 4.39× | 1.31× | ||
| Q3 24 | 3.65× | 1.42× | ||
| Q2 24 | 3.23× | 1.40× | ||
| Q1 24 | 3.63× | 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
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
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% |
