vs
MERCURY SYSTEMS INC（MRCY）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MERCURY SYSTEMS INC的1.6倍（$375.3M vs $232.9M），ROYAL GOLD INC净利率更高（24.9% vs -6.5%，领先31.4%），ROYAL GOLD INC同比增速更快（85.3% vs 4.4%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 5.7%）
Mercury Systems是一家服务于航空航天与国防领域的科技企业，专注于设计、研发及生产开放式架构计算机软硬件产品，覆盖安全嵌入式处理模块与子系统、航电任务计算机及显示器、加固型安全服务器、可信微电子组件与子系统等多类产品。
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。
MRCY vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.6倍
$232.9M
营收增速更快
RGLD
高出80.9%
4.4%
净利率更高
RGLD
高出31.4%
-6.5%
两年增速更快
RGLD
近两年复合增速
5.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $232.9M | $375.3M |
| 净利润 | $-15.1M | $93.6M |
| 毛利率 | 26.0% | 64.6% |
| 营业利润率 | -4.6% | 56.2% |
| 净利率 | -6.5% | 24.9% |
| 营收同比 | 4.4% | 85.3% |
| 净利润同比 | 14.1% | -12.8% |
| 每股收益（稀释后） | $-0.26 | $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MRCYRGLD
| Q4 25 | $232.9M | $375.3M | ||
| Q3 25 | $225.2M | $252.1M | ||
| Q2 25 | $273.1M | $209.6M | ||
| Q1 25 | $211.4M | $193.4M | ||
| Q4 24 | $223.1M | $202.6M | ||
| Q3 24 | $204.4M | $193.8M | ||
| Q2 24 | $248.6M | $174.1M | ||
| Q1 24 | $208.3M | $148.9M |
净利润MRCYRGLD
| Q4 25 | $-15.1M | $93.6M | ||
| Q3 25 | $-12.5M | $126.8M | ||
| Q2 25 | $16.4M | $132.3M | ||
| Q1 25 | $-19.2M | $113.5M | ||
| Q4 24 | $-17.6M | $107.4M | ||
| Q3 24 | $-17.5M | $96.2M | ||
| Q2 24 | $-10.8M | $81.2M | ||
| Q1 24 | $-44.6M | $47.2M |
毛利率MRCYRGLD
| Q4 25 | 26.0% | 64.6% | ||
| Q3 25 | 27.9% | 73.6% | ||
| Q2 25 | 31.0% | 72.6% | ||
| Q1 25 | 27.0% | 69.4% | ||
| Q4 24 | 27.3% | 70.3% | ||
| Q3 24 | 25.3% | 66.6% | ||
| Q2 24 | 29.5% | 64.7% | ||
| Q1 24 | 19.5% | 58.4% |
营业利润率MRCYRGLD
| Q4 25 | -4.6% | 56.2% | ||
| Q3 25 | -3.8% | 64.4% | ||
| Q2 25 | 8.6% | 67.7% | ||
| Q1 25 | -8.2% | 63.6% | ||
| Q4 24 | -5.6% | 65.9% | ||
| Q3 24 | -6.6% | 61.3% | ||
| Q2 24 | -3.2% | 58.6% | ||
| Q1 24 | -21.9% | 50.7% |
净利率MRCYRGLD
| Q4 25 | -6.5% | 24.9% | ||
| Q3 25 | -5.6% | 50.3% | ||
| Q2 25 | 6.0% | 63.1% | ||
| Q1 25 | -9.1% | 58.7% | ||
| Q4 24 | -7.9% | 53.0% | ||
| Q3 24 | -8.6% | 49.7% | ||
| Q2 24 | -4.3% | 46.6% | ||
| Q1 24 | -21.4% | 31.7% |
每股收益（稀释后）MRCYRGLD
| Q4 25 | $-0.26 | $1.04 | ||
| Q3 25 | $-0.21 | $1.92 | ||
| Q2 25 | $0.28 | $2.01 | ||
| Q1 25 | $-0.33 | $1.72 | ||
| Q4 24 | $-0.30 | $1.63 | ||
| Q3 24 | $-0.30 | $1.46 | ||
| Q2 24 | $-0.18 | $1.23 | ||
| Q1 24 | $-0.77 | $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 | $335.0M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.5B | $7.2B |
| 总资产 | $2.5B | $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MRCYRGLD
| Q4 25 | $335.0M | $233.7M | ||
| Q3 25 | $304.7M | $172.8M | ||
| Q2 25 | $309.1M | $248.2M | ||
| Q1 25 | $269.8M | $240.8M | ||
| Q4 24 | $242.6M | $195.5M | ||
| Q3 24 | $158.1M | $127.9M | ||
| Q2 24 | $180.5M | $74.2M | ||
| Q1 24 | $142.6M | $137.9M |
总债务MRCYRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益MRCYRGLD
| Q4 25 | $1.5B | $7.2B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.5B | $3.3B | ||
| Q1 25 | $1.5B | $3.2B | ||
| Q4 24 | $1.5B | $3.1B | ||
| Q3 24 | $1.5B | $3.0B | ||
| Q2 24 | $1.5B | $3.0B | ||
| Q1 24 | $1.5B | $2.9B |
总资产MRCYRGLD
| Q4 25 | $2.5B | $9.5B | ||
| Q3 25 | $2.5B | $4.5B | ||
| Q2 25 | $2.4B | $3.6B | ||
| Q1 25 | $2.4B | $3.5B | ||
| Q4 24 | $2.4B | $3.4B | ||
| Q3 24 | $2.4B | $3.3B | ||
| Q2 24 | $2.4B | $3.3B | ||
| Q1 24 | $2.4B | $3.3B |
负债/权益比MRCYRGLD
| 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 | $51.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | — |
| 自由现金流率自由现金流/营收 | 19.6% | — |
| 资本支出强度资本支出/营收 | 2.5% | — |
| 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 | $99.4M | — |
8季度趋势，按日历期对齐
经营现金流MRCYRGLD
| Q4 25 | $51.6M | $241.7M | ||
| Q3 25 | $2.2M | $174.0M | ||
| Q2 25 | $38.1M | $152.8M | ||
| Q1 25 | $30.0M | $136.4M | ||
| Q4 24 | $85.5M | $141.1M | ||
| Q3 24 | $-14.7M | $136.7M | ||
| Q2 24 | $71.8M | $113.5M | ||
| Q1 24 | $-17.8M | $138.3M |
自由现金流MRCYRGLD
| Q4 25 | $45.7M | — | ||
| Q3 25 | $-4.4M | — | ||
| Q2 25 | $34.0M | — | ||
| Q1 25 | $24.1M | — | ||
| Q4 24 | $81.9M | — | ||
| Q3 24 | $-20.9M | — | ||
| Q2 24 | $61.4M | — | ||
| Q1 24 | $-25.7M | — |
自由现金流率MRCYRGLD
| Q4 25 | 19.6% | — | ||
| Q3 25 | -1.9% | — | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 36.7% | — | ||
| Q3 24 | -10.2% | — | ||
| Q2 24 | 24.7% | — | ||
| Q1 24 | -12.4% | — |
资本支出强度MRCYRGLD
| Q4 25 | 2.5% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 3.1% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 3.8% | — |
现金转化率MRCYRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 2.33× | 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
MRCY
| Airborne | $84.2M | 36% |
| Components | $48.7M | 21% |
| Other End Applications | $36.8M | 16% |
| Electronic Warfare | $27.5M | 12% |
| Other Sensor And Effector Applications | $23.9M | 10% |
| Space | $11.9M | 5% |
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% |
