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MARCUS CORP（MCS）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MARCUS CORP的1.9倍（$375.3M vs $193.5M），ROYAL GOLD INC同比增速更快（85.3% vs 2.8%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 18.2%）
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
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。
MCS vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.9倍
$193.5M
营收增速更快
RGLD
高出82.5%
2.8%
两年增速更快
RGLD
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $193.5M | $375.3M |
| 净利润 | — | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 0.9% | 56.2% |
| 净利率 | — | 24.9% |
| 营收同比 | 2.8% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | — | $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MCSRGLD
| Q4 25 | $193.5M | $375.3M | ||
| Q3 25 | $210.2M | $252.1M | ||
| Q2 25 | $206.0M | $209.6M | ||
| Q1 25 | $148.8M | $193.4M | ||
| Q4 24 | $188.3M | $202.6M | ||
| Q3 24 | $232.7M | $193.8M | ||
| Q2 24 | $176.0M | $174.1M | ||
| Q1 24 | $138.5M | $148.9M |
净利润MCSRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $16.2M | $126.8M | ||
| Q2 25 | $7.3M | $132.3M | ||
| Q1 25 | $-16.8M | $113.5M | ||
| Q4 24 | $986.0K | $107.4M | ||
| Q3 24 | $23.3M | $96.2M | ||
| Q2 24 | $-20.2M | $81.2M | ||
| Q1 24 | $-11.9M | $47.2M |
毛利率MCSRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率MCSRGLD
| Q4 25 | 0.9% | 56.2% | ||
| Q3 25 | 10.8% | 64.4% | ||
| Q2 25 | 6.3% | 67.7% | ||
| Q1 25 | -13.7% | 63.6% | ||
| Q4 24 | -1.2% | 65.9% | ||
| Q3 24 | 14.1% | 61.3% | ||
| Q2 24 | 1.3% | 58.6% | ||
| Q1 24 | -12.0% | 50.7% |
净利率MCSRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | 7.7% | 50.3% | ||
| Q2 25 | 3.6% | 63.1% | ||
| Q1 25 | -11.3% | 58.7% | ||
| Q4 24 | 0.5% | 53.0% | ||
| Q3 24 | 10.0% | 49.7% | ||
| Q2 24 | -11.5% | 46.6% | ||
| Q1 24 | -8.6% | 31.7% |
每股收益（稀释后）MCSRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.23 | ||
| Q1 24 | — | $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 | $23.4M | $233.7M |
| 总债务越低越好 | $159.0M | — |
| 股东权益账面价值 | $457.4M | $7.2B |
| 总资产 | $1.0B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.35× | — |
8季度趋势，按日历期对齐
现金及短期投资MCSRGLD
| Q4 25 | $23.4M | $233.7M | ||
| Q3 25 | $7.4M | $172.8M | ||
| Q2 25 | $14.9M | $248.2M | ||
| Q1 25 | $11.9M | $240.8M | ||
| Q4 24 | $40.8M | $195.5M | ||
| Q3 24 | $28.4M | $127.9M | ||
| Q2 24 | $32.8M | $74.2M | ||
| Q1 24 | $17.3M | $137.9M |
总债务MCSRGLD
| Q4 25 | $159.0M | — | ||
| Q3 25 | $162.0M | — | ||
| Q2 25 | $179.9M | — | ||
| Q1 25 | $198.9M | — | ||
| Q4 24 | $159.1M | — | ||
| Q3 24 | $173.1M | $0 | ||
| Q2 24 | $175.7M | $50.0M | ||
| Q1 24 | $169.8M | — |
股东权益MCSRGLD
| Q4 25 | $457.4M | $7.2B | ||
| Q3 25 | $454.3M | $3.4B | ||
| Q2 25 | $448.4M | $3.3B | ||
| Q1 25 | $441.8M | $3.2B | ||
| Q4 24 | $464.9M | $3.1B | ||
| Q3 24 | $462.3M | $3.0B | ||
| Q2 24 | $449.4M | $3.0B | ||
| Q1 24 | $459.3M | $2.9B |
总资产MCSRGLD
| Q4 25 | $1.0B | $9.5B | ||
| Q3 25 | $1.0B | $4.5B | ||
| Q2 25 | $1.0B | $3.6B | ||
| Q1 25 | $1.0B | $3.5B | ||
| Q4 24 | $1.0B | $3.4B | ||
| Q3 24 | $1.0B | $3.3B | ||
| Q2 24 | $1.1B | $3.3B | ||
| Q1 24 | $1.0B | $3.3B |
负债/权益比MCSRGLD
| Q4 25 | 0.35× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.45× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | 0.00× | ||
| Q2 24 | 0.39× | 0.02× | ||
| Q1 24 | 0.37× | — |
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 | $48.8M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | — |
| 自由现金流率自由现金流/营收 | 13.6% | — |
| 资本支出强度资本支出/营收 | 11.6% | — |
| 现金转化率经营现金流/净利润 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | $989.0K | — |
8季度趋势，按日历期对齐
经营现金流MCSRGLD
| Q4 25 | $48.8M | $241.7M | ||
| Q3 25 | $39.1M | $174.0M | ||
| Q2 25 | $31.6M | $152.8M | ||
| Q1 25 | $-35.3M | $136.4M | ||
| Q4 24 | $52.6M | $141.1M | ||
| Q3 24 | $30.5M | $136.7M | ||
| Q2 24 | $36.0M | $113.5M | ||
| Q1 24 | $-15.1M | $138.3M |
自由现金流MCSRGLD
| Q4 25 | $26.4M | — | ||
| Q3 25 | $18.2M | — | ||
| Q2 25 | $14.7M | — | ||
| Q1 25 | $-58.3M | — | ||
| Q4 24 | $27.1M | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $-30.5M | — |
自由现金流率MCSRGLD
| Q4 25 | 13.6% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 7.1% | — | ||
| Q1 25 | -39.2% | — | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 5.2% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | -22.0% | — |
资本支出强度MCSRGLD
| Q4 25 | 11.6% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 15.5% | — | ||
| Q4 24 | 13.5% | — | ||
| Q3 24 | 7.9% | — | ||
| Q2 24 | 11.3% | — | ||
| Q1 24 | 11.1% | — |
现金转化率MCSRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 2.41× | 1.37× | ||
| Q2 25 | 4.32× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 53.31× | 1.31× | ||
| Q3 24 | 1.31× | 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
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
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% |
