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MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的1.4倍（$375.3M vs $271.6M），ROYAL GOLD INC净利率更高（24.9% vs 18.0%，领先7.0%），ROYAL GOLD INC同比增速更快（85.3% vs 24.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 22.4%）
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
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。
MTSI vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.4倍
$271.6M
营收增速更快
RGLD
高出60.8%
24.5%
净利率更高
RGLD
高出7.0%
18.0%
两年增速更快
RGLD
近两年复合增速
22.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $375.3M |
| 净利润 | $48.8M | $93.6M |
| 毛利率 | 55.9% | 64.6% |
| 营业利润率 | 15.9% | 56.2% |
| 净利率 | 18.0% | 24.9% |
| 营收同比 | 24.5% | 85.3% |
| 净利润同比 | 129.1% | -12.8% |
| 每股收益（稀释后） | $0.64 | $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MTSIRGLD
| Q1 26 | $271.6M | — | ||
| Q4 25 | $261.2M | $375.3M | ||
| Q3 25 | $252.1M | $252.1M | ||
| Q2 25 | $235.9M | $209.6M | ||
| Q1 25 | $218.1M | $193.4M | ||
| Q4 24 | — | $202.6M | ||
| Q3 24 | $200.7M | $193.8M | ||
| Q2 24 | $190.5M | $174.1M |
净利润MTSIRGLD
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $93.6M | ||
| Q3 25 | $36.5M | $126.8M | ||
| Q2 25 | $31.7M | $132.3M | ||
| Q1 25 | $-167.5M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $29.4M | $96.2M | ||
| Q2 24 | $19.9M | $81.2M |
毛利率MTSIRGLD
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | 64.6% | ||
| Q3 25 | 55.3% | 73.6% | ||
| Q2 25 | 55.2% | 72.6% | ||
| Q1 25 | 53.7% | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | 54.7% | 66.6% | ||
| Q2 24 | 53.2% | 64.7% |
营业利润率MTSIRGLD
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | 56.2% | ||
| Q3 25 | 14.9% | 64.4% | ||
| Q2 25 | 14.8% | 67.7% | ||
| Q1 25 | 8.0% | 63.6% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 13.7% | 61.3% | ||
| Q2 24 | 10.4% | 58.6% |
净利率MTSIRGLD
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | 24.9% | ||
| Q3 25 | 14.5% | 50.3% | ||
| Q2 25 | 13.4% | 63.1% | ||
| Q1 25 | -76.8% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | 14.7% | 49.7% | ||
| Q2 24 | 10.5% | 46.6% |
每股收益（稀释后）MTSIRGLD
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $1.04 | ||
| Q3 25 | $0.48 | $1.92 | ||
| Q2 25 | $0.42 | $2.01 | ||
| Q1 25 | $-2.30 | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | $0.40 | $1.46 | ||
| Q2 24 | $0.27 | $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 | $768.5M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $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MTSIRGLD
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $233.7M | ||
| Q3 25 | $735.2M | $172.8M | ||
| Q2 25 | $681.5M | $248.2M | ||
| Q1 25 | $656.5M | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | $581.9M | $127.9M | ||
| Q2 24 | $521.5M | $74.2M |
总债务MTSIRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益MTSIRGLD
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $7.2B | ||
| Q3 25 | $1.3B | $3.4B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.1B | $3.0B |
总资产MTSIRGLD
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $9.5B | ||
| Q3 25 | $2.0B | $4.5B | ||
| Q2 25 | $1.9B | $3.6B | ||
| Q1 25 | $1.8B | $3.5B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $1.8B | $3.3B | ||
| Q2 24 | $1.7B | $3.3B |
负债/权益比MTSIRGLD
| 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 | $42.9M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | — |
| 自由现金流率自由现金流/营收 | 11.0% | — |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 现金转化率经营现金流/净利润 | 0.88× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $161.5M | — |
8季度趋势，按日历期对齐
经营现金流MTSIRGLD
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $241.7M | ||
| Q3 25 | $60.4M | $174.0M | ||
| Q2 25 | $38.7M | $152.8M | ||
| Q1 25 | $66.7M | $136.4M | ||
| Q4 24 | — | $141.1M | ||
| Q3 24 | $62.3M | $136.7M | ||
| Q2 24 | $49.0M | $113.5M |
自由现金流MTSIRGLD
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | — | ||
| Q3 25 | $51.6M | — | ||
| Q2 25 | $30.5M | — | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $57.1M | — | ||
| Q2 24 | $41.5M | — |
自由现金流率MTSIRGLD
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | — | ||
| Q3 25 | 20.5% | — | ||
| Q2 25 | 12.9% | — | ||
| Q1 25 | 28.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 21.8% | — |
资本支出强度MTSIRGLD
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 3.5% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 3.9% | — |
现金转化率MTSIRGLD
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | 2.58× | ||
| Q3 25 | 1.65× | 1.37× | ||
| Q2 25 | 1.22× | 1.15× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 2.12× | 1.42× | ||
| Q2 24 | 2.46× | 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
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
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% |
