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Mueller Water Products, Inc.（MWA）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Mueller Water Products, Inc.的1.2倍（$375.3M vs $318.2M），ROYAL GOLD INC净利率更高（24.9% vs 13.6%，领先11.4%），ROYAL GOLD INC同比增速更快（85.3% vs 4.6%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -5.1%）
穆勒水业（Mueller Water Products, Inc.）是总部位于美国佐治亚州亚特兰大的上市企业，为北美规模顶尖的消防栓、闸阀及其他水务基础设施产品生产商与分销商之一，旗下设有Mueller Co.和Mueller Technologies两大业务单元，运营包括Echologics、Mueller Systems在内的十余个品牌及关联主体。
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。
MWA vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.2倍
$318.2M
营收增速更快
RGLD
高出80.7%
4.6%
净利率更高
RGLD
高出11.4%
13.6%
两年增速更快
RGLD
近两年复合增速
-5.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $318.2M | $375.3M |
| 净利润 | $43.2M | $93.6M |
| 毛利率 | 37.6% | 64.6% |
| 营业利润率 | 17.8% | 56.2% |
| 净利率 | 13.6% | 24.9% |
| 营收同比 | 4.6% | 85.3% |
| 净利润同比 | 22.4% | -12.8% |
| 每股收益（稀释后） | $0.27 | $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MWARGLD
| Q4 25 | $318.2M | $375.3M | ||
| Q3 25 | $380.8M | $252.1M | ||
| Q2 25 | $380.3M | $209.6M | ||
| Q1 25 | $364.3M | $193.4M | ||
| Q4 24 | $304.3M | $202.6M | ||
| Q3 24 | $348.2M | $193.8M | ||
| Q2 24 | $356.7M | $174.1M | ||
| Q1 24 | $353.4M | $148.9M |
净利润MWARGLD
| Q4 25 | $43.2M | $93.6M | ||
| Q3 25 | $52.6M | $126.8M | ||
| Q2 25 | $52.5M | $132.3M | ||
| Q1 25 | $51.3M | $113.5M | ||
| Q4 24 | $35.3M | $107.4M | ||
| Q3 24 | $10.0M | $96.2M | ||
| Q2 24 | $47.3M | $81.2M | ||
| Q1 24 | $44.3M | $47.2M |
毛利率MWARGLD
| Q4 25 | 37.6% | 64.6% | ||
| Q3 25 | 36.8% | 73.6% | ||
| Q2 25 | 38.3% | 72.6% | ||
| Q1 25 | 35.1% | 69.4% | ||
| Q4 24 | 33.8% | 70.3% | ||
| Q3 24 | 31.8% | 66.6% | ||
| Q2 24 | 36.8% | 64.7% | ||
| Q1 24 | 36.9% | 58.4% |
营业利润率MWARGLD
| Q4 25 | 17.8% | 56.2% | ||
| Q3 25 | 18.3% | 64.4% | ||
| Q2 25 | 19.4% | 67.7% | ||
| Q1 25 | 19.2% | 63.6% | ||
| Q4 24 | 15.6% | 65.9% | ||
| Q3 24 | 8.2% | 61.3% | ||
| Q2 24 | 18.8% | 58.6% | ||
| Q1 24 | 18.0% | 50.7% |
净利率MWARGLD
| Q4 25 | 13.6% | 24.9% | ||
| Q3 25 | 13.8% | 50.3% | ||
| Q2 25 | 13.8% | 63.1% | ||
| Q1 25 | 14.1% | 58.7% | ||
| Q4 24 | 11.6% | 53.0% | ||
| Q3 24 | 2.9% | 49.7% | ||
| Q2 24 | 13.3% | 46.6% | ||
| Q1 24 | 12.5% | 31.7% |
每股收益（稀释后）MWARGLD
| Q4 25 | $0.27 | $1.04 | ||
| Q3 25 | $0.34 | $1.92 | ||
| Q2 25 | $0.33 | $2.01 | ||
| Q1 25 | $0.33 | $1.72 | ||
| Q4 24 | $0.22 | $1.63 | ||
| Q3 24 | $0.07 | $1.46 | ||
| Q2 24 | $0.30 | $1.23 | ||
| Q1 24 | $0.28 | $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 | — | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $7.2B |
| 总资产 | $1.8B | $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MWARGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | — | $127.9M | ||
| Q2 24 | — | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务MWARGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益MWARGLD
| Q4 25 | $1.0B | $7.2B | ||
| Q3 25 | $981.7M | $3.4B | ||
| Q2 25 | $929.0M | $3.3B | ||
| Q1 25 | $873.6M | $3.2B | ||
| Q4 24 | $834.1M | $3.1B | ||
| Q3 24 | $810.1M | $3.0B | ||
| Q2 24 | $791.6M | $3.0B | ||
| Q1 24 | $754.5M | $2.9B |
总资产MWARGLD
| Q4 25 | $1.8B | $9.5B | ||
| Q3 25 | $1.8B | $4.5B | ||
| Q2 25 | $1.7B | $3.6B | ||
| Q1 25 | $1.7B | $3.5B | ||
| Q4 24 | $1.6B | $3.4B | ||
| Q3 24 | $1.6B | $3.3B | ||
| Q2 24 | $1.6B | $3.3B | ||
| Q1 24 | $1.5B | $3.3B |
负债/权益比MWARGLD
| 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 | $61.2M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | — |
| 自由现金流率自由现金流/营收 | 13.8% | — |
| 资本支出强度资本支出/营收 | 5.4% | — |
| 现金转化率经营现金流/净利润 | 1.42× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $173.8M | — |
8季度趋势，按日历期对齐
经营现金流MWARGLD
| Q4 25 | $61.2M | $241.7M | ||
| Q3 25 | $83.5M | $174.0M | ||
| Q2 25 | $67.4M | $152.8M | ||
| Q1 25 | $14.3M | $136.4M | ||
| Q4 24 | $54.1M | $141.1M | ||
| Q3 24 | $89.3M | $136.7M | ||
| Q2 24 | $87.3M | $113.5M | ||
| Q1 24 | $-5.7M | $138.3M |
自由现金流MWARGLD
| Q4 25 | $44.0M | — | ||
| Q3 25 | $69.0M | — | ||
| Q2 25 | $55.7M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $42.2M | — | ||
| Q3 24 | $69.9M | — | ||
| Q2 24 | $75.1M | — | ||
| Q1 24 | $-15.8M | — |
自由现金流率MWARGLD
| Q4 25 | 13.8% | — | ||
| Q3 25 | 18.1% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 13.9% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 21.1% | — | ||
| Q1 24 | -4.5% | — |
资本支出强度MWARGLD
| Q4 25 | 5.4% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 2.9% | — |
现金转化率MWARGLD
| Q4 25 | 1.42× | 2.58× | ||
| Q3 25 | 1.59× | 1.37× | ||
| Q2 25 | 1.28× | 1.15× | ||
| Q1 25 | 0.28× | 1.20× | ||
| Q4 24 | 1.53× | 1.31× | ||
| Q3 24 | 8.93× | 1.42× | ||
| Q2 24 | 1.85× | 1.40× | ||
| Q1 24 | -0.13× | 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
MWA
| Water Flow Solutions | $173.0M | 54% |
| Water Management Solutions | $145.2M | 46% |
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% |
