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MATERION Corp（MTRN）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
MATERION Corp的季度营收约是ROYAL GOLD INC的1.3倍（$489.8M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 1.3%，领先23.6%），ROYAL GOLD INC同比增速更快（85.3% vs 12.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 12.7%）
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
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。
MTRN vs RGLD — 直观对比
营收规模更大
MTRN
是对方的1.3倍
$375.3M
营收增速更快
RGLD
高出73.2%
12.1%
净利率更高
RGLD
高出23.6%
1.3%
两年增速更快
RGLD
近两年复合增速
12.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $489.8M | $375.3M |
| 净利润 | $6.6M | $93.6M |
| 毛利率 | 13.0% | 64.6% |
| 营业利润率 | 2.2% | 56.2% |
| 净利率 | 1.3% | 24.9% |
| 营收同比 | 12.1% | 85.3% |
| 净利润同比 | 113.5% | -12.8% |
| 每股收益（稀释后） | $0.30 | $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MTRNRGLD
| Q4 25 | $489.8M | $375.3M | ||
| Q3 25 | $444.8M | $252.1M | ||
| Q2 25 | $431.7M | $209.6M | ||
| Q1 25 | $420.3M | $193.4M | ||
| Q4 24 | $436.9M | $202.6M | ||
| Q3 24 | $436.7M | $193.8M | ||
| Q2 24 | $425.9M | $174.1M | ||
| Q1 24 | $385.3M | $148.9M |
净利润MTRNRGLD
| Q4 25 | $6.6M | $93.6M | ||
| Q3 25 | $25.4M | $126.8M | ||
| Q2 25 | $25.1M | $132.3M | ||
| Q1 25 | $17.7M | $113.5M | ||
| Q4 24 | $-48.9M | $107.4M | ||
| Q3 24 | $22.3M | $96.2M | ||
| Q2 24 | $19.0M | $81.2M | ||
| Q1 24 | $13.4M | $47.2M |
毛利率MTRNRGLD
| Q4 25 | 13.0% | 64.6% | ||
| Q3 25 | 19.4% | 73.6% | ||
| Q2 25 | 19.1% | 72.6% | ||
| Q1 25 | 18.1% | 69.4% | ||
| Q4 24 | 21.3% | 70.3% | ||
| Q3 24 | 18.5% | 66.6% | ||
| Q2 24 | 19.0% | 64.7% | ||
| Q1 24 | 18.5% | 58.4% |
营业利润率MTRNRGLD
| Q4 25 | 2.2% | 56.2% | ||
| Q3 25 | 7.9% | 64.4% | ||
| Q2 25 | 8.5% | 67.7% | ||
| Q1 25 | 6.5% | 63.6% | ||
| Q4 24 | -8.8% | 65.9% | ||
| Q3 24 | 7.2% | 61.3% | ||
| Q2 24 | 7.5% | 58.6% | ||
| Q1 24 | 5.8% | 50.7% |
净利率MTRNRGLD
| Q4 25 | 1.3% | 24.9% | ||
| Q3 25 | 5.7% | 50.3% | ||
| Q2 25 | 5.8% | 63.1% | ||
| Q1 25 | 4.2% | 58.7% | ||
| Q4 24 | -11.2% | 53.0% | ||
| Q3 24 | 5.1% | 49.7% | ||
| Q2 24 | 4.5% | 46.6% | ||
| Q1 24 | 3.5% | 31.7% |
每股收益（稀释后）MTRNRGLD
| Q4 25 | $0.30 | $1.04 | ||
| Q3 25 | $1.22 | $1.92 | ||
| Q2 25 | $1.21 | $2.01 | ||
| Q1 25 | $0.85 | $1.72 | ||
| Q4 24 | $-2.34 | $1.63 | ||
| Q3 24 | $1.07 | $1.46 | ||
| Q2 24 | $0.91 | $1.23 | ||
| Q1 24 | $0.64 | $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 | $13.7M | $233.7M |
| 总债务越低越好 | $460.6M | — |
| 股东权益账面价值 | $943.3M | $7.2B |
| 总资产 | $1.8B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资MTRNRGLD
| Q4 25 | $13.7M | $233.7M | ||
| Q3 25 | $16.4M | $172.8M | ||
| Q2 25 | $12.6M | $248.2M | ||
| Q1 25 | $15.6M | $240.8M | ||
| Q4 24 | $16.7M | $195.5M | ||
| Q3 24 | $17.9M | $127.9M | ||
| Q2 24 | $17.1M | $74.2M | ||
| Q1 24 | $13.1M | $137.9M |
总债务MTRNRGLD
| Q4 25 | $460.6M | — | ||
| Q3 25 | $458.9M | — | ||
| Q2 25 | $427.6M | — | ||
| Q1 25 | $453.0M | — | ||
| Q4 24 | $443.9M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | $477.9M | — |
股东权益MTRNRGLD
| Q4 25 | $943.3M | $7.2B | ||
| Q3 25 | $934.6M | $3.4B | ||
| Q2 25 | $910.6M | $3.3B | ||
| Q1 25 | $887.9M | $3.2B | ||
| Q4 24 | $868.9M | $3.1B | ||
| Q3 24 | $931.9M | $3.0B | ||
| Q2 24 | $907.1M | $3.0B | ||
| Q1 24 | $889.9M | $2.9B |
总资产MTRNRGLD
| Q4 25 | $1.8B | $9.5B | ||
| Q3 25 | $1.8B | $4.5B | ||
| Q2 25 | $1.7B | $3.6B | ||
| Q1 25 | $1.8B | $3.5B | ||
| Q4 24 | $1.7B | $3.4B | ||
| Q3 24 | $1.9B | $3.3B | ||
| Q2 24 | $1.8B | $3.3B | ||
| Q1 24 | $1.8B | $3.3B |
负债/权益比MTRNRGLD
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | 0.54× | — |
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 | $19.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.97× | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MTRNRGLD
| Q4 25 | $19.5M | $241.7M | ||
| Q3 25 | $18.3M | $174.0M | ||
| Q2 25 | $49.9M | $152.8M | ||
| Q1 25 | $15.5M | $136.4M | ||
| Q4 24 | $76.3M | $141.1M | ||
| Q3 24 | $5.1M | $136.7M | ||
| Q2 24 | $20.3M | $113.5M | ||
| Q1 24 | $-13.8M | $138.3M |
自由现金流MTRNRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-24.3M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-35.1M | — |
自由现金流率MTRNRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -9.1% | — |
资本支出强度MTRNRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 5.5% | — |
现金转化率MTRNRGLD
| Q4 25 | 2.97× | 2.58× | ||
| Q3 25 | 0.72× | 1.37× | ||
| Q2 25 | 1.99× | 1.15× | ||
| Q1 25 | 0.88× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 0.23× | 1.42× | ||
| Q2 24 | 1.07× | 1.40× | ||
| Q1 24 | -1.03× | 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
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
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% |
