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MARZETTI CO（MZTI）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
MARZETTI CO的季度营收约是ROYAL GOLD INC的1.4倍（$518.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 11.4%，领先13.5%），ROYAL GOLD INC同比增速更快（85.3% vs 1.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 4.8%）
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
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。
MZTI vs RGLD — 直观对比
营收规模更大
MZTI
是对方的1.4倍
$375.3M
营收增速更快
RGLD
高出83.6%
1.7%
净利率更高
RGLD
高出13.5%
11.4%
两年增速更快
RGLD
近两年复合增速
4.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $518.0M | $375.3M |
| 净利润 | $59.1M | $93.6M |
| 毛利率 | 26.5% | 64.6% |
| 营业利润率 | 14.5% | 56.2% |
| 净利率 | 11.4% | 24.9% |
| 营收同比 | 1.7% | 85.3% |
| 净利润同比 | 20.6% | -12.8% |
| 每股收益（稀释后） | $2.15 | $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MZTIRGLD
| Q4 25 | $518.0M | $375.3M | ||
| Q3 25 | $493.5M | $252.1M | ||
| Q2 25 | $475.4M | $209.6M | ||
| Q1 25 | $457.8M | $193.4M | ||
| Q4 24 | $509.3M | $202.6M | ||
| Q3 24 | $466.6M | $193.8M | ||
| Q2 24 | $452.8M | $174.1M | ||
| Q1 24 | $471.4M | $148.9M |
净利润MZTIRGLD
| Q4 25 | $59.1M | $93.6M | ||
| Q3 25 | $47.2M | $126.8M | ||
| Q2 25 | $32.5M | $132.3M | ||
| Q1 25 | $41.1M | $113.5M | ||
| Q4 24 | $49.0M | $107.4M | ||
| Q3 24 | $44.7M | $96.2M | ||
| Q2 24 | $34.8M | $81.2M | ||
| Q1 24 | $28.4M | $47.2M |
毛利率MZTIRGLD
| Q4 25 | 26.5% | 64.6% | ||
| Q3 25 | 24.1% | 73.6% | ||
| Q2 25 | 22.3% | 72.6% | ||
| Q1 25 | 23.1% | 69.4% | ||
| Q4 24 | 26.1% | 70.3% | ||
| Q3 24 | 23.8% | 66.6% | ||
| Q2 24 | 21.6% | 64.7% | ||
| Q1 24 | 22.2% | 58.4% |
营业利润率MZTIRGLD
| Q4 25 | 14.5% | 56.2% | ||
| Q3 25 | 12.0% | 64.4% | ||
| Q2 25 | 8.2% | 67.7% | ||
| Q1 25 | 10.9% | 63.6% | ||
| Q4 24 | 14.9% | 65.9% | ||
| Q3 24 | 12.0% | 61.3% | ||
| Q2 24 | 9.2% | 58.6% | ||
| Q1 24 | 7.5% | 50.7% |
净利率MZTIRGLD
| Q4 25 | 11.4% | 24.9% | ||
| Q3 25 | 9.6% | 50.3% | ||
| Q2 25 | 6.8% | 63.1% | ||
| Q1 25 | 9.0% | 58.7% | ||
| Q4 24 | 9.6% | 53.0% | ||
| Q3 24 | 9.6% | 49.7% | ||
| Q2 24 | 7.7% | 46.6% | ||
| Q1 24 | 6.0% | 31.7% |
每股收益（稀释后）MZTIRGLD
| Q4 25 | $2.15 | $1.04 | ||
| Q3 25 | $1.71 | $1.92 | ||
| Q2 25 | $1.18 | $2.01 | ||
| Q1 25 | $1.49 | $1.72 | ||
| Q4 24 | $1.78 | $1.63 | ||
| Q3 24 | $1.62 | $1.46 | ||
| Q2 24 | $1.27 | $1.23 | ||
| Q1 24 | $1.03 | $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 | $201.6M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $7.2B |
| 总资产 | $1.3B | $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MZTIRGLD
| Q4 25 | $201.6M | $233.7M | ||
| Q3 25 | $182.2M | $172.8M | ||
| Q2 25 | $161.5M | $248.2M | ||
| Q1 25 | $124.6M | $240.8M | ||
| Q4 24 | $203.1M | $195.5M | ||
| Q3 24 | $135.1M | $127.9M | ||
| Q2 24 | $163.4M | $74.2M | ||
| Q1 24 | $164.8M | $137.9M |
总债务MZTIRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益MZTIRGLD
| Q4 25 | $1.0B | $7.2B | ||
| Q3 25 | $1.0B | $3.4B | ||
| Q2 25 | $998.5M | $3.3B | ||
| Q1 25 | $996.2M | $3.2B | ||
| Q4 24 | $979.9M | $3.1B | ||
| Q3 24 | $945.1M | $3.0B | ||
| Q2 24 | $925.8M | $3.0B | ||
| Q1 24 | $912.9M | $2.9B |
总资产MZTIRGLD
| Q4 25 | $1.3B | $9.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $3.6B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.2B | $3.4B | ||
| Q3 24 | $1.2B | $3.3B | ||
| Q2 24 | $1.2B | $3.3B | ||
| Q1 24 | $1.2B | $3.3B |
负债/权益比MZTIRGLD
| 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 | $88.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $70.9M | — |
| 自由现金流率自由现金流/营收 | 13.7% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.50× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $229.5M | — |
8季度趋势，按日历期对齐
经营现金流MZTIRGLD
| Q4 25 | $88.6M | $241.7M | ||
| Q3 25 | $69.5M | $174.0M | ||
| Q2 25 | $88.2M | $152.8M | ||
| Q1 25 | $45.8M | $136.4M | ||
| Q4 24 | $107.6M | $141.1M | ||
| Q3 24 | $19.9M | $136.7M | ||
| Q2 24 | $34.1M | $113.5M | ||
| Q1 24 | $75.9M | $138.3M |
自由现金流MZTIRGLD
| Q4 25 | $70.9M | — | ||
| Q3 25 | $53.9M | — | ||
| Q2 25 | $73.9M | — | ||
| Q1 25 | $30.8M | — | ||
| Q4 24 | $96.6M | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | $18.5M | — | ||
| Q1 24 | $61.1M | — |
自由现金流率MZTIRGLD
| Q4 25 | 13.7% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 13.0% | — |
资本支出强度MZTIRGLD
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 3.2% | — |
现金转化率MZTIRGLD
| Q4 25 | 1.50× | 2.58× | ||
| Q3 25 | 1.47× | 1.37× | ||
| Q2 25 | 2.71× | 1.15× | ||
| Q1 25 | 1.11× | 1.20× | ||
| Q4 24 | 2.20× | 1.31× | ||
| Q3 24 | 0.45× | 1.42× | ||
| Q2 24 | 0.98× | 1.40× | ||
| Q1 24 | 2.68× | 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
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
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% |
