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NORTHERN OIL & GAS, INC.（NOG）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
NORTHERN OIL & GAS, INC.的季度营收约是ROYAL GOLD INC的1.6倍（$610.2M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs -11.6%，领先36.5%），ROYAL GOLD INC同比增速更快（85.3% vs -72.6%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 4.3%）
Marathon Oil Corporation是一家美国油气勘探开发企业，核心业务涵盖油气资源的勘探、开采与运营，2024年11月被康菲石油收购，相关业务与资产已并入康菲石油体系。
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。
NOG vs RGLD — 直观对比
营收规模更大
NOG
是对方的1.6倍
$375.3M
营收增速更快
RGLD
高出157.9%
-72.6%
净利率更高
RGLD
高出36.5%
-11.6%
两年增速更快
RGLD
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $610.2M | $375.3M |
| 净利润 | $-70.7M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | — | 56.2% |
| 净利率 | -11.6% | 24.9% |
| 营收同比 | -72.6% | 85.3% |
| 净利润同比 | -198.7% | -12.8% |
| 每股收益（稀释后） | $-0.73 | $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NOGRGLD
| Q1 26 | $610.2M | — | ||
| Q4 25 | $610.2M | $375.3M | ||
| Q3 25 | $556.6M | $252.1M | ||
| Q2 25 | $706.8M | $209.6M | ||
| Q1 25 | $602.1M | $193.4M | ||
| Q4 24 | $515.0M | $202.6M | ||
| Q3 24 | $753.6M | $193.8M | ||
| Q2 24 | $560.8M | $174.1M |
净利润NOGRGLD
| Q1 26 | $-70.7M | — | ||
| Q4 25 | $-70.7M | $93.6M | ||
| Q3 25 | $-129.1M | $126.8M | ||
| Q2 25 | $99.6M | $132.3M | ||
| Q1 25 | $139.0M | $113.5M | ||
| Q4 24 | $71.7M | $107.4M | ||
| Q3 24 | $298.4M | $96.2M | ||
| Q2 24 | $138.6M | $81.2M |
毛利率NOGRGLD
| Q1 26 | — | — | ||
| Q4 25 | 80.4% | 64.6% | ||
| Q3 25 | 78.7% | 73.6% | ||
| Q2 25 | 82.8% | 72.6% | ||
| Q1 25 | 81.1% | 69.4% | ||
| Q4 24 | 77.4% | 70.3% | ||
| Q3 24 | 85.8% | 66.6% | ||
| Q2 24 | 82.0% | 64.7% |
营业利润率NOGRGLD
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 56.2% | ||
| Q3 25 | -22.6% | 64.4% | ||
| Q2 25 | 24.9% | 67.7% | ||
| Q1 25 | 38.1% | 63.6% | ||
| Q4 24 | 25.8% | 65.9% | ||
| Q3 24 | 57.6% | 61.3% | ||
| Q2 24 | 39.0% | 58.6% |
净利率NOGRGLD
| Q1 26 | -11.6% | — | ||
| Q4 25 | -11.6% | 24.9% | ||
| Q3 25 | -23.2% | 50.3% | ||
| Q2 25 | 14.1% | 63.1% | ||
| Q1 25 | 23.1% | 58.7% | ||
| Q4 24 | 13.9% | 53.0% | ||
| Q3 24 | 39.6% | 49.7% | ||
| Q2 24 | 24.7% | 46.6% |
每股收益（稀释后）NOGRGLD
| Q1 26 | $-0.73 | — | ||
| Q4 25 | $-0.67 | $1.04 | ||
| Q3 25 | $-1.33 | $1.92 | ||
| Q2 25 | $1.00 | $2.01 | ||
| Q1 25 | $1.39 | $1.72 | ||
| Q4 24 | $0.71 | $1.63 | ||
| Q3 24 | $2.96 | $1.46 | ||
| Q2 24 | $1.36 | $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 | $14.3M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $7.2B |
| 总资产 | $5.4B | $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NOGRGLD
| Q1 26 | $14.3M | — | ||
| Q4 25 | $14.3M | $233.7M | ||
| Q3 25 | $31.6M | $172.8M | ||
| Q2 25 | $25.9M | $248.2M | ||
| Q1 25 | $33.6M | $240.8M | ||
| Q4 24 | $8.9M | $195.5M | ||
| Q3 24 | $34.4M | $127.9M | ||
| Q2 24 | $7.8M | $74.2M |
总债务NOGRGLD
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.0B | $0 | ||
| Q2 24 | $1.9B | $50.0M |
股东权益NOGRGLD
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $7.2B | ||
| Q3 25 | $2.2B | $3.4B | ||
| Q2 25 | $2.4B | $3.3B | ||
| Q1 25 | $2.4B | $3.2B | ||
| Q4 24 | $2.3B | $3.1B | ||
| Q3 24 | $2.3B | $3.0B | ||
| Q2 24 | $2.1B | $3.0B |
总资产NOGRGLD
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.4B | $9.5B | ||
| Q3 25 | $5.5B | $4.5B | ||
| Q2 25 | $5.7B | $3.6B | ||
| Q1 25 | $5.7B | $3.5B | ||
| Q4 24 | $5.6B | $3.4B | ||
| Q3 24 | $5.1B | $3.3B | ||
| Q2 24 | $4.7B | $3.3B |
负债/权益比NOGRGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 0.98× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.84× | 0.00× | ||
| Q2 24 | 0.91× | 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 | $312.6M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $43.2M | — |
| 自由现金流率自由现金流/营收 | 7.1% | — |
| 资本支出强度资本支出/营收 | 31.5% | — |
| 现金转化率经营现金流/净利润 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流NOGRGLD
| Q1 26 | $312.6M | — | ||
| Q4 25 | $312.6M | $241.7M | ||
| Q3 25 | $423.1M | $174.0M | ||
| Q2 25 | $362.1M | $152.8M | ||
| Q1 25 | $407.4M | $136.4M | ||
| Q4 24 | $290.3M | $141.1M | ||
| Q3 24 | $385.8M | $136.7M | ||
| Q2 24 | $340.5M | $113.5M |
自由现金流NOGRGLD
| Q1 26 | $43.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
自由现金流率NOGRGLD
| Q1 26 | 7.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
资本支出强度NOGRGLD
| Q1 26 | 31.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金转化率NOGRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | 2.58× | ||
| Q3 25 | — | 1.37× | ||
| Q2 25 | 3.64× | 1.15× | ||
| Q1 25 | 2.93× | 1.20× | ||
| Q4 24 | 4.05× | 1.31× | ||
| Q3 24 | 1.29× | 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
NOG
| Oil and Gas Sales | $447.7M | 73% |
| Gain on Commodity Derivatives, Net | $159.3M | 26% |
| Other Revenue | $3.1M | 1% |
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% |
