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乐至宝（LZB）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
乐至宝的季度营收约是ROYAL GOLD INC的1.4倍（$541.6M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 4.0%，领先20.9%），ROYAL GOLD INC同比增速更快（85.3% vs 3.8%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -1.1%）
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
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。
LZB vs RGLD — 直观对比
营收规模更大
LZB
是对方的1.4倍
$375.3M
营收增速更快
RGLD
高出81.5%
3.8%
净利率更高
RGLD
高出20.9%
4.0%
两年增速更快
RGLD
近两年复合增速
-1.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $541.6M | $375.3M |
| 净利润 | $21.6M | $93.6M |
| 毛利率 | 43.1% | 64.6% |
| 营业利润率 | 5.5% | 56.2% |
| 净利率 | 4.0% | 24.9% |
| 营收同比 | 3.8% | 85.3% |
| 净利润同比 | -23.8% | -12.8% |
| 每股收益（稀释后） | $0.52 | $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LZBRGLD
| Q1 26 | $541.6M | — | ||
| Q4 25 | $522.5M | $375.3M | ||
| Q3 25 | $492.2M | $252.1M | ||
| Q2 25 | $570.9M | $209.6M | ||
| Q1 25 | $521.8M | $193.4M | ||
| Q4 24 | $521.0M | $202.6M | ||
| Q3 24 | $495.5M | $193.8M | ||
| Q2 24 | $553.5M | $174.1M |
净利润LZBRGLD
| Q1 26 | $21.6M | — | ||
| Q4 25 | $28.9M | $93.6M | ||
| Q3 25 | $18.2M | $126.8M | ||
| Q2 25 | $14.9M | $132.3M | ||
| Q1 25 | $28.4M | $113.5M | ||
| Q4 24 | $30.0M | $107.4M | ||
| Q3 24 | $26.2M | $96.2M | ||
| Q2 24 | $39.3M | $81.2M |
毛利率LZBRGLD
| Q1 26 | 43.1% | — | ||
| Q4 25 | 44.2% | 64.6% | ||
| Q3 25 | 42.5% | 73.6% | ||
| Q2 25 | 44.0% | 72.6% | ||
| Q1 25 | 44.3% | 69.4% | ||
| Q4 24 | 44.3% | 70.3% | ||
| Q3 24 | 43.1% | 66.6% | ||
| Q2 24 | 43.4% | 64.7% |
营业利润率LZBRGLD
| Q1 26 | 5.5% | — | ||
| Q4 25 | 6.9% | 56.2% | ||
| Q3 25 | 4.5% | 64.4% | ||
| Q2 25 | 5.2% | 67.7% | ||
| Q1 25 | 6.7% | 63.6% | ||
| Q4 24 | 7.4% | 65.9% | ||
| Q3 24 | 6.5% | 61.3% | ||
| Q2 24 | 9.1% | 58.6% |
净利率LZBRGLD
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.5% | 24.9% | ||
| Q3 25 | 3.7% | 50.3% | ||
| Q2 25 | 2.6% | 63.1% | ||
| Q1 25 | 5.4% | 58.7% | ||
| Q4 24 | 5.8% | 53.0% | ||
| Q3 24 | 5.3% | 49.7% | ||
| Q2 24 | 7.1% | 46.6% |
每股收益（稀释后）LZBRGLD
| Q1 26 | $0.52 | — | ||
| Q4 25 | $0.70 | $1.04 | ||
| Q3 25 | $0.44 | $1.92 | ||
| Q2 25 | $0.35 | $2.01 | ||
| Q1 25 | $0.68 | $1.72 | ||
| Q4 24 | $0.71 | $1.63 | ||
| Q3 24 | $0.61 | $1.46 | ||
| Q2 24 | $0.91 | $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 | $306.1M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $7.2B |
| 总资产 | $2.1B | $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LZBRGLD
| Q1 26 | $306.1M | — | ||
| Q4 25 | $338.5M | $233.7M | ||
| Q3 25 | $318.5M | $172.8M | ||
| Q2 25 | $328.4M | $248.2M | ||
| Q1 25 | $314.6M | $240.8M | ||
| Q4 24 | $303.1M | $195.5M | ||
| Q3 24 | $342.3M | $127.9M | ||
| Q2 24 | $341.1M | $74.2M |
总债务LZBRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益LZBRGLD
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $7.2B | ||
| Q3 25 | $1.0B | $3.4B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $1.0B | $3.2B | ||
| Q4 24 | $1.0B | $3.1B | ||
| Q3 24 | $999.2M | $3.0B | ||
| Q2 24 | $1.0B | $3.0B |
总资产LZBRGLD
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $9.5B | ||
| Q3 25 | $1.9B | $4.5B | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $2.0B | $3.5B | ||
| Q4 24 | $1.9B | $3.4B | ||
| Q3 24 | $1.9B | $3.3B | ||
| Q2 24 | $1.9B | $3.3B |
负债/权益比LZBRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 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 | $89.4M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $71.6M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 资本支出强度资本支出/营收 | 3.3% | — |
| 现金转化率经营现金流/净利润 | 4.13× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $158.2M | — |
8季度趋势，按日历期对齐
经营现金流LZBRGLD
| Q1 26 | $89.4M | — | ||
| Q4 25 | $50.0M | $241.7M | ||
| Q3 25 | $36.3M | $174.0M | ||
| Q2 25 | $62.0M | $152.8M | ||
| Q1 25 | $57.0M | $136.4M | ||
| Q4 24 | $15.9M | $141.1M | ||
| Q3 24 | $52.3M | $136.7M | ||
| Q2 24 | $52.8M | $113.5M |
自由现金流LZBRGLD
| Q1 26 | $71.6M | — | ||
| Q4 25 | $29.6M | — | ||
| Q3 25 | $17.8M | — | ||
| Q2 25 | $39.3M | — | ||
| Q1 25 | $38.2M | — | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | $36.7M | — | ||
| Q2 24 | $37.3M | — |
自由现金流率LZBRGLD
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 7.3% | — | ||
| Q4 24 | -0.2% | — | ||
| Q3 24 | 7.4% | — | ||
| Q2 24 | 6.7% | — |
资本支出强度LZBRGLD
| Q1 26 | 3.3% | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.8% | — |
现金转化率LZBRGLD
| Q1 26 | 4.13× | — | ||
| Q4 25 | 1.73× | 2.58× | ||
| Q3 25 | 1.99× | 1.37× | ||
| Q2 25 | 4.15× | 1.15× | ||
| Q1 25 | 2.01× | 1.20× | ||
| Q4 24 | 0.53× | 1.31× | ||
| Q3 24 | 2.00× | 1.42× | ||
| Q2 24 | 1.34× | 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
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
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% |
