vs
OPENLANE, Inc.（OPLN）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
OPENLANE, Inc.的季度营收约是ROYAL GOLD INC的1.3倍（$494.3M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 12.0%，领先12.9%），ROYAL GOLD INC同比增速更快（85.3% vs 8.6%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 7.2%）
OPENLANE Inc.是全球领先的数字化汽车批发交易平台运营商，连接汽车经销商、车队运营商、金融机构等卖家与专业买家，提供二手车、租赁到期车辆等的透明高效交易服务，业务覆盖北美、欧洲等全球主要市场。
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。
OPLN vs RGLD — 直观对比
营收规模更大
OPLN
是对方的1.3倍
$375.3M
营收增速更快
RGLD
高出76.7%
8.6%
净利率更高
RGLD
高出12.9%
12.0%
两年增速更快
RGLD
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $494.3M | $375.3M |
| 净利润 | $59.5M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 8.6% | 56.2% |
| 净利率 | 12.0% | 24.9% |
| 营收同比 | 8.6% | 85.3% |
| 净利润同比 | 13.8% | -12.8% |
| 每股收益（稀释后） | $-1.54 | $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OPLNRGLD
| Q4 25 | $494.3M | $375.3M | ||
| Q3 25 | $498.4M | $252.1M | ||
| Q2 25 | $481.7M | $209.6M | ||
| Q1 25 | $460.1M | $193.4M | ||
| Q4 24 | $455.0M | $202.6M | ||
| Q3 24 | $459.8M | $193.8M | ||
| Q2 24 | $443.8M | $174.1M | ||
| Q1 24 | $429.9M | $148.9M |
净利润OPLNRGLD
| Q4 25 | $59.5M | $93.6M | ||
| Q3 25 | $47.9M | $126.8M | ||
| Q2 25 | $33.4M | $132.3M | ||
| Q1 25 | $36.9M | $113.5M | ||
| Q4 24 | $52.3M | $107.4M | ||
| Q3 24 | $28.4M | $96.2M | ||
| Q2 24 | $10.7M | $81.2M | ||
| Q1 24 | $18.5M | $47.2M |
毛利率OPLNRGLD
| 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OPLNRGLD
| Q4 25 | 8.6% | 56.2% | ||
| Q3 25 | 11.0% | 64.4% | ||
| Q2 25 | 9.8% | 67.7% | ||
| Q1 25 | 11.2% | 63.6% | ||
| Q4 24 | 17.4% | 65.9% | ||
| Q3 24 | 9.2% | 61.3% | ||
| Q2 24 | 5.4% | 58.6% | ||
| Q1 24 | 8.6% | 50.7% |
净利率OPLNRGLD
| Q4 25 | 12.0% | 24.9% | ||
| Q3 25 | 9.6% | 50.3% | ||
| Q2 25 | 6.9% | 63.1% | ||
| Q1 25 | 8.0% | 58.7% | ||
| Q4 24 | 11.5% | 53.0% | ||
| Q3 24 | 6.2% | 49.7% | ||
| Q2 24 | 2.4% | 46.6% | ||
| Q1 24 | 4.3% | 31.7% |
每股收益（稀释后）OPLNRGLD
| Q4 25 | $-1.54 | $1.04 | ||
| Q3 25 | $0.25 | $1.92 | ||
| Q2 25 | $0.15 | $2.01 | ||
| Q1 25 | $0.18 | $1.72 | ||
| Q4 24 | $0.28 | $1.63 | ||
| Q3 24 | $0.12 | $1.46 | ||
| Q2 24 | $0.00 | $1.23 | ||
| Q1 24 | $0.05 | $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 | $141.5M | $233.7M |
| 总债务越低越好 | $550.0M | — |
| 股东权益账面价值 | $1.2B | $7.2B |
| 总资产 | $4.7B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资OPLNRGLD
| Q4 25 | $141.5M | $233.7M | ||
| Q3 25 | $119.3M | $172.8M | ||
| Q2 25 | $119.1M | $248.2M | ||
| Q1 25 | $220.5M | $240.8M | ||
| Q4 24 | $143.0M | $195.5M | ||
| Q3 24 | $132.1M | $127.9M | ||
| Q2 24 | $60.9M | $74.2M | ||
| Q1 24 | $105.2M | $137.9M |
总债务OPLNRGLD
| Q4 25 | $550.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $230.7M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益OPLNRGLD
| Q4 25 | $1.2B | $7.2B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $1.4B | $3.3B | ||
| Q1 25 | $1.4B | $3.2B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.3B | $3.0B | ||
| Q2 24 | $1.3B | $3.0B | ||
| Q1 24 | $1.3B | $2.9B |
总资产OPLNRGLD
| Q4 25 | $4.7B | $9.5B | ||
| Q3 25 | $4.8B | $4.5B | ||
| Q2 25 | $4.6B | $3.6B | ||
| Q1 25 | $4.8B | $3.5B | ||
| Q4 24 | $4.6B | $3.4B | ||
| Q3 24 | $4.6B | $3.3B | ||
| Q2 24 | $4.6B | $3.3B | ||
| Q1 24 | $4.8B | $3.3B |
负债/权益比OPLNRGLD
| Q4 25 | 0.44× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.17× | — | ||
| 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 | $125.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $110.8M | — |
| 自由现金流率自由现金流/营收 | 22.4% | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | 2.11× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $336.5M | — |
8季度趋势，按日历期对齐
经营现金流OPLNRGLD
| Q4 25 | $125.5M | $241.7M | ||
| Q3 25 | $72.2M | $174.0M | ||
| Q2 25 | $71.6M | $152.8M | ||
| Q1 25 | $122.6M | $136.4M | ||
| Q4 24 | $32.7M | $141.1M | ||
| Q3 24 | $122.4M | $136.7M | ||
| Q2 24 | $37.5M | $113.5M | ||
| Q1 24 | $100.2M | $138.3M |
自由现金流OPLNRGLD
| Q4 25 | $110.8M | — | ||
| Q3 25 | $57.6M | — | ||
| Q2 25 | $57.4M | — | ||
| Q1 25 | $110.7M | — | ||
| Q4 24 | $18.7M | — | ||
| Q3 24 | $109.3M | — | ||
| Q2 24 | $24.5M | — | ||
| Q1 24 | $87.3M | — |
自由现金流率OPLNRGLD
| Q4 25 | 22.4% | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 11.9% | — | ||
| Q1 25 | 24.1% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 5.5% | — | ||
| Q1 24 | 20.3% | — |
资本支出强度OPLNRGLD
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 3.0% | — |
现金转化率OPLNRGLD
| Q4 25 | 2.11× | 2.58× | ||
| Q3 25 | 1.51× | 1.37× | ||
| Q2 25 | 2.14× | 1.15× | ||
| Q1 25 | 3.32× | 1.20× | ||
| Q4 24 | 0.63× | 1.31× | ||
| Q3 24 | 4.31× | 1.42× | ||
| Q2 24 | 3.50× | 1.40× | ||
| Q1 24 | 5.42× | 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
OPLN
| Marketplace | $384.7M | 78% |
| Finance | $109.6M | 22% |
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% |
