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National Energy Services Reunited Corp.（NESR）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National Energy Services Reunited Corp.的1.3倍（$375.3M vs $295.3M），ROYAL GOLD INC净利率更高（24.9% vs 6.0%，领先18.9%），ROYAL GOLD INC同比增速更快（85.3% vs -12.2%）
National Energy Services Reunited Corp.是一家领先的综合油田服务供应商，为油气上游运营商提供钻井建设、完井、生产运营及干预作业等全系列解决方案，核心市场覆盖中东、北非及东亚地区，服务各国国家石油公司及国际能源客户。
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。
NESR vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.3倍
$295.3M
营收增速更快
RGLD
高出97.5%
-12.2%
净利率更高
RGLD
高出18.9%
6.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $295.3M | $375.3M |
| 净利润 | $17.7M | $93.6M |
| 毛利率 | 12.0% | 64.6% |
| 营业利润率 | 6.6% | 56.2% |
| 净利率 | 6.0% | 24.9% |
| 营收同比 | -12.2% | 85.3% |
| 净利润同比 | -14.0% | -12.8% |
| 每股收益（稀释后） | $0.18 | $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NESRRGLD
| Q4 25 | — | $375.3M | ||
| Q3 25 | $295.3M | $252.1M | ||
| Q2 25 | $327.4M | $209.6M | ||
| Q1 25 | $303.1M | $193.4M | ||
| Q4 24 | — | $202.6M | ||
| Q3 24 | $336.2M | $193.8M | ||
| Q2 24 | $325.0M | $174.1M | ||
| Q1 24 | — | $148.9M |
净利润NESRRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $17.7M | $126.8M | ||
| Q2 25 | $15.2M | $132.3M | ||
| Q1 25 | $10.4M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $20.6M | $96.2M | ||
| Q2 24 | $18.9M | $81.2M | ||
| Q1 24 | — | $47.2M |
毛利率NESRRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | 12.0% | 73.6% | ||
| Q2 25 | 13.4% | 72.6% | ||
| Q1 25 | 12.4% | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | 15.9% | 66.6% | ||
| Q2 24 | 16.4% | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率NESRRGLD
| Q4 25 | — | 56.2% | ||
| Q3 25 | 6.6% | 64.4% | ||
| Q2 25 | 8.3% | 67.7% | ||
| Q1 25 | 6.9% | 63.6% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | 10.5% | 61.3% | ||
| Q2 24 | 10.5% | 58.6% | ||
| Q1 24 | — | 50.7% |
净利率NESRRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | 6.0% | 50.3% | ||
| Q2 25 | 4.6% | 63.1% | ||
| Q1 25 | 3.4% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | 6.1% | 49.7% | ||
| Q2 24 | 5.8% | 46.6% | ||
| Q1 24 | — | 31.7% |
每股收益（稀释后）NESRRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | $0.18 | $1.92 | ||
| Q2 25 | $0.16 | $2.01 | ||
| Q1 25 | $0.11 | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | $0.22 | $1.46 | ||
| Q2 24 | $0.20 | $1.23 | ||
| Q1 24 | — | $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 | $69.7M | $233.7M |
| 总债务越低越好 | $274.1M | — |
| 股东权益账面价值 | $956.7M | $7.2B |
| 总资产 | $1.8B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.29× | — |
8季度趋势，按日历期对齐
现金及短期投资NESRRGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | $69.7M | $172.8M | ||
| Q2 25 | $131.8M | $248.2M | ||
| Q1 25 | $78.7M | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | $118.2M | $127.9M | ||
| Q2 24 | $75.0M | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务NESRRGLD
| Q4 25 | — | — | ||
| Q3 25 | $274.1M | — | ||
| Q2 25 | $291.7M | — | ||
| Q1 25 | $309.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $358.7M | $0 | ||
| Q2 24 | $376.7M | $50.0M | ||
| Q1 24 | — | — |
股东权益NESRRGLD
| Q4 25 | — | $7.2B | ||
| Q3 25 | $956.7M | $3.4B | ||
| Q2 25 | $936.9M | $3.3B | ||
| Q1 25 | $920.5M | $3.2B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | $873.5M | $3.0B | ||
| Q2 24 | $851.4M | $3.0B | ||
| Q1 24 | — | $2.9B |
总资产NESRRGLD
| Q4 25 | — | $9.5B | ||
| Q3 25 | $1.8B | $4.5B | ||
| Q2 25 | $1.8B | $3.6B | ||
| Q1 25 | $1.8B | $3.5B | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | $1.8B | $3.3B | ||
| Q2 24 | $1.8B | $3.3B | ||
| Q1 24 | — | $3.3B |
负债/权益比NESRRGLD
| Q4 25 | — | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.41× | 0.00× | ||
| Q2 24 | 0.44× | 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 | $6.7M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $-34.1M | — |
| 自由现金流率自由现金流/营收 | -11.5% | — |
| 资本支出强度资本支出/营收 | 13.8% | — |
| 现金转化率经营现金流/净利润 | 0.38× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $68.5M | — |
8季度趋势，按日历期对齐
经营现金流NESRRGLD
| Q4 25 | — | $241.7M | ||
| Q3 25 | $6.7M | $174.0M | ||
| Q2 25 | $98.5M | $152.8M | ||
| Q1 25 | $20.5M | $136.4M | ||
| Q4 24 | — | $141.1M | ||
| Q3 24 | $70.8M | $136.7M | ||
| Q2 24 | — | $113.5M | ||
| Q1 24 | — | $138.3M |
自由现金流NESRRGLD
| Q4 25 | — | — | ||
| Q3 25 | $-34.1M | — | ||
| Q2 25 | $68.7M | — | ||
| Q1 25 | $-9.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $43.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率NESRRGLD
| Q4 25 | — | — | ||
| Q3 25 | -11.5% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 12.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度NESRRGLD
| Q4 25 | — | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率NESRRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | 0.38× | 1.37× | ||
| Q2 25 | 6.48× | 1.15× | ||
| Q1 25 | 1.97× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | 3.43× | 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
NESR
| Production Services | $174.4M | 59% |
| Drilling And Evaluation Services | $120.9M | 41% |
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% |
