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NATIONAL HEALTHCARE CORP（NHC）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
NATIONAL HEALTHCARE CORP的季度营收约是ROYAL GOLD INC的1.0倍（$386.5M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 6.4%，领先18.5%），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 14.0%）
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
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。
NHC vs RGLD — 直观对比
营收规模更大
NHC
是对方的1.0倍
$375.3M
营收增速更快
RGLD
高出80.6%
4.6%
净利率更高
RGLD
高出18.5%
6.4%
两年增速更快
RGLD
近两年复合增速
14.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.5M | $375.3M |
| 净利润 | $24.8M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 8.6% | 56.2% |
| 净利率 | 6.4% | 24.9% |
| 营收同比 | 4.6% | 85.3% |
| 净利润同比 | 308.6% | -12.8% |
| 每股收益（稀释后） | $1.58 | $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NHCRGLD
| Q4 25 | $386.5M | $375.3M | ||
| Q3 25 | $382.7M | $252.1M | ||
| Q2 25 | $374.9M | $209.6M | ||
| Q1 25 | $373.7M | $193.4M | ||
| Q4 24 | $369.4M | $202.6M | ||
| Q3 24 | $340.2M | $193.8M | ||
| Q2 24 | $300.7M | $174.1M | ||
| Q1 24 | $297.2M | $148.9M |
净利润NHCRGLD
| Q4 25 | $24.8M | $93.6M | ||
| Q3 25 | $39.2M | $126.8M | ||
| Q2 25 | $23.7M | $132.3M | ||
| Q1 25 | $32.2M | $113.5M | ||
| Q4 24 | $6.1M | $107.4M | ||
| Q3 24 | $42.8M | $96.2M | ||
| Q2 24 | $26.8M | $81.2M | ||
| Q1 24 | $26.2M | $47.2M |
毛利率NHCRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率NHCRGLD
| Q4 25 | 8.6% | 56.2% | ||
| Q3 25 | 7.9% | 64.4% | ||
| Q2 25 | 9.1% | 67.7% | ||
| Q1 25 | 8.2% | 63.6% | ||
| Q4 24 | 7.8% | 65.9% | ||
| Q3 24 | 6.7% | 61.3% | ||
| Q2 24 | 7.5% | 58.6% | ||
| Q1 24 | 5.3% | 50.7% |
净利率NHCRGLD
| Q4 25 | 6.4% | 24.9% | ||
| Q3 25 | 10.3% | 50.3% | ||
| Q2 25 | 6.3% | 63.1% | ||
| Q1 25 | 8.6% | 58.7% | ||
| Q4 24 | 1.6% | 53.0% | ||
| Q3 24 | 12.6% | 49.7% | ||
| Q2 24 | 8.9% | 46.6% | ||
| Q1 24 | 8.8% | 31.7% |
每股收益（稀释后）NHCRGLD
| Q4 25 | $1.58 | $1.04 | ||
| Q3 25 | $2.50 | $1.92 | ||
| Q2 25 | $1.52 | $2.01 | ||
| Q1 25 | $2.07 | $1.72 | ||
| Q4 24 | $0.38 | $1.63 | ||
| Q3 24 | $2.73 | $1.46 | ||
| Q2 24 | $1.73 | $1.23 | ||
| Q1 24 | $1.69 | $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 | $92.8M | $233.7M |
| 总债务越低越好 | $40.0M | — |
| 股东权益账面价值 | $1.1B | $7.2B |
| 总资产 | $1.5B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资NHCRGLD
| Q4 25 | $92.8M | $233.7M | ||
| Q3 25 | $130.6M | $172.8M | ||
| Q2 25 | $111.0M | $248.2M | ||
| Q1 25 | $90.4M | $240.8M | ||
| Q4 24 | $76.1M | $195.5M | ||
| Q3 24 | $84.8M | $127.9M | ||
| Q2 24 | $136.2M | $74.2M | ||
| Q1 24 | $94.0M | $137.9M |
总债务NHCRGLD
| Q4 25 | $40.0M | — | ||
| Q3 25 | $73.1M | — | ||
| Q2 25 | $110.0M | — | ||
| Q1 25 | $134.0M | — | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $147.0M | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益NHCRGLD
| Q4 25 | $1.1B | $7.2B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $1.0B | $3.3B | ||
| Q1 25 | $1.0B | $3.2B | ||
| Q4 24 | $980.2M | $3.1B | ||
| Q3 24 | $983.5M | $3.0B | ||
| Q2 24 | $945.8M | $3.0B | ||
| Q1 24 | $924.7M | $2.9B |
总资产NHCRGLD
| Q4 25 | $1.5B | $9.5B | ||
| Q3 25 | $1.6B | $4.5B | ||
| Q2 25 | $1.6B | $3.6B | ||
| Q1 25 | $1.5B | $3.5B | ||
| Q4 24 | $1.5B | $3.4B | ||
| Q3 24 | $1.6B | $3.3B | ||
| Q2 24 | $1.3B | $3.3B | ||
| Q1 24 | $1.3B | $3.3B |
负债/权益比NHCRGLD
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.15× | 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 | $16.8M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | — |
| 自由现金流率自由现金流/营收 | 1.7% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 现金转化率经营现金流/净利润 | 0.68× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $148.6M | — |
8季度趋势，按日历期对齐
经营现金流NHCRGLD
| Q4 25 | $16.8M | $241.7M | ||
| Q3 25 | $66.2M | $174.0M | ||
| Q2 25 | $62.8M | $152.8M | ||
| Q1 25 | $39.3M | $136.4M | ||
| Q4 24 | $12.8M | $141.1M | ||
| Q3 24 | $34.2M | $136.7M | ||
| Q2 24 | $50.7M | $113.5M | ||
| Q1 24 | $9.6M | $138.3M |
自由现金流NHCRGLD
| Q4 25 | $6.4M | — | ||
| Q3 25 | $56.5M | — | ||
| Q2 25 | $52.6M | — | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $28.6M | — | ||
| Q2 24 | $42.8M | — | ||
| Q1 24 | $3.7M | — |
自由现金流率NHCRGLD
| Q4 25 | 1.7% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 1.2% | — |
资本支出强度NHCRGLD
| Q4 25 | 2.7% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 2.0% | — |
现金转化率NHCRGLD
| Q4 25 | 0.68× | 2.58× | ||
| Q3 25 | 1.69× | 1.37× | ||
| Q2 25 | 2.65× | 1.15× | ||
| Q1 25 | 1.22× | 1.20× | ||
| Q4 24 | 2.10× | 1.31× | ||
| Q3 24 | 0.80× | 1.42× | ||
| Q2 24 | 1.89× | 1.40× | ||
| Q1 24 | 0.37× | 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
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 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% |
