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NETSCOUT SYSTEMS INC（NTCT）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NETSCOUT SYSTEMS INC的1.5倍（$375.3M vs $250.7M），ROYAL GOLD INC净利率更高（24.9% vs 22.0%，领先2.9%），ROYAL GOLD INC同比增速更快（85.3% vs -0.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 11.0%）
NETSCOUT SYSTEMS INC是美国科技企业，1984年由阿尼尔·辛哈尔与纳伦德拉·波帕特创立，前身为Frontier Software，总部位于马萨诸塞州韦斯特福德。公司专注于软件可观测性、深度数据包检测、DDoS防护及AIOps领域，为客户提供相关技术解决方案。
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。
NTCT vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.5倍
$250.7M
营收增速更快
RGLD
高出85.8%
-0.5%
净利率更高
RGLD
高出2.9%
22.0%
两年增速更快
RGLD
近两年复合增速
11.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $250.7M | $375.3M |
| 净利润 | $55.1M | $93.6M |
| 毛利率 | 81.6% | 64.6% |
| 营业利润率 | 25.7% | 56.2% |
| 净利率 | 22.0% | 24.9% |
| 营收同比 | -0.5% | 85.3% |
| 净利润同比 | 13.0% | -12.8% |
| 每股收益（稀释后） | $0.75 | $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NTCTRGLD
| Q4 25 | $250.7M | $375.3M | ||
| Q3 25 | $219.0M | $252.1M | ||
| Q2 25 | $186.7M | $209.6M | ||
| Q1 25 | $205.0M | $193.4M | ||
| Q4 24 | $252.0M | $202.6M | ||
| Q3 24 | $191.1M | $193.8M | ||
| Q2 24 | $174.6M | $174.1M | ||
| Q1 24 | $203.4M | $148.9M |
净利润NTCTRGLD
| Q4 25 | $55.1M | $93.6M | ||
| Q3 25 | $25.8M | $126.8M | ||
| Q2 25 | $-3.7M | $132.3M | ||
| Q1 25 | $18.6M | $113.5M | ||
| Q4 24 | $48.8M | $107.4M | ||
| Q3 24 | $9.0M | $96.2M | ||
| Q2 24 | $-443.4M | $81.2M | ||
| Q1 24 | $-32.4M | $47.2M |
毛利率NTCTRGLD
| Q4 25 | 81.6% | 64.6% | ||
| Q3 25 | 80.1% | 73.6% | ||
| Q2 25 | 76.7% | 72.6% | ||
| Q1 25 | 77.7% | 69.4% | ||
| Q4 24 | 81.5% | 70.3% | ||
| Q3 24 | 78.0% | 66.6% | ||
| Q2 24 | 74.6% | 64.7% | ||
| Q1 24 | 75.3% | 58.4% |
营业利润率NTCTRGLD
| Q4 25 | 25.7% | 56.2% | ||
| Q3 25 | 14.8% | 64.4% | ||
| Q2 25 | -3.5% | 67.7% | ||
| Q1 25 | 9.7% | 63.6% | ||
| Q4 24 | 24.5% | 65.9% | ||
| Q3 24 | 7.4% | 61.3% | ||
| Q2 24 | -265.4% | 58.6% | ||
| Q1 24 | -18.2% | 50.7% |
净利率NTCTRGLD
| Q4 25 | 22.0% | 24.9% | ||
| Q3 25 | 11.8% | 50.3% | ||
| Q2 25 | -2.0% | 63.1% | ||
| Q1 25 | 9.1% | 58.7% | ||
| Q4 24 | 19.4% | 53.0% | ||
| Q3 24 | 4.7% | 49.7% | ||
| Q2 24 | -254.0% | 46.6% | ||
| Q1 24 | -15.9% | 31.7% |
每股收益（稀释后）NTCTRGLD
| Q4 25 | $0.75 | $1.04 | ||
| Q3 25 | $0.35 | $1.92 | ||
| Q2 25 | $-0.05 | $2.01 | ||
| Q1 25 | $0.28 | $1.72 | ||
| Q4 24 | $0.67 | $1.63 | ||
| Q3 24 | $0.13 | $1.46 | ||
| Q2 24 | $-6.20 | $1.23 | ||
| Q1 24 | $-0.43 | $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 | $540.6M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $7.2B |
| 总资产 | $2.3B | $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NTCTRGLD
| Q4 25 | $540.6M | $233.7M | ||
| Q3 25 | $483.4M | $172.8M | ||
| Q2 25 | $489.6M | $248.2M | ||
| Q1 25 | $457.4M | $240.8M | ||
| Q4 24 | $398.4M | $195.5M | ||
| Q3 24 | $363.4M | $127.9M | ||
| Q2 24 | $362.2M | $74.2M | ||
| Q1 24 | $389.7M | $137.9M |
总债务NTCTRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益NTCTRGLD
| Q4 25 | $1.6B | $7.2B | ||
| Q3 25 | $1.6B | $3.4B | ||
| Q2 25 | $1.5B | $3.3B | ||
| Q1 25 | $1.6B | $3.2B | ||
| Q4 24 | $1.5B | $3.1B | ||
| Q3 24 | $1.5B | $3.0B | ||
| Q2 24 | $1.4B | $3.0B | ||
| Q1 24 | $1.9B | $2.9B |
总资产NTCTRGLD
| Q4 25 | $2.3B | $9.5B | ||
| Q3 25 | $2.2B | $4.5B | ||
| Q2 25 | $2.2B | $3.6B | ||
| Q1 25 | $2.2B | $3.5B | ||
| Q4 24 | $2.2B | $3.4B | ||
| Q3 24 | $2.1B | $3.3B | ||
| Q2 24 | $2.1B | $3.3B | ||
| Q1 24 | $2.6B | $3.3B |
负债/权益比NTCTRGLD
| 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 | $62.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $59.3M | — |
| 自由现金流率自由现金流/营收 | 23.6% | — |
| 资本支出强度资本支出/营收 | 1.1% | — |
| 现金转化率经营现金流/净利润 | 1.13× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $275.5M | — |
8季度趋势，按日历期对齐
经营现金流NTCTRGLD
| Q4 25 | $62.1M | $241.7M | ||
| Q3 25 | $6.7M | $174.0M | ||
| Q2 25 | $73.6M | $152.8M | ||
| Q1 25 | $141.5M | $136.4M | ||
| Q4 24 | $41.5M | $141.1M | ||
| Q3 24 | $-3.7M | $136.7M | ||
| Q2 24 | $38.4M | $113.5M | ||
| Q1 24 | $93.6M | $138.3M |
自由现金流NTCTRGLD
| Q4 25 | $59.3M | — | ||
| Q3 25 | $4.4M | — | ||
| Q2 25 | $71.7M | — | ||
| Q1 25 | $140.1M | — | ||
| Q4 24 | $39.6M | — | ||
| Q3 24 | $-4.6M | — | ||
| Q2 24 | $37.2M | — | ||
| Q1 24 | $92.0M | — |
自由现金流率NTCTRGLD
| Q4 25 | 23.6% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 38.4% | — | ||
| Q1 25 | 68.4% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | -2.4% | — | ||
| Q2 24 | 21.3% | — | ||
| Q1 24 | 45.2% | — |
资本支出强度NTCTRGLD
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.7% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.8% | — |
现金转化率NTCTRGLD
| Q4 25 | 1.13× | 2.58× | ||
| Q3 25 | 0.26× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | 7.60× | 1.20× | ||
| Q4 24 | 0.85× | 1.31× | ||
| Q3 24 | -0.41× | 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
NTCT
| Services | $129.0M | 51% |
| Products | $121.7M | 49% |
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% |
