vs
ONESPAWORLD HOLDINGS Ltd（OSW）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ONESPAWORLD HOLDINGS Ltd的1.6倍（$375.3M vs $242.1M），ROYAL GOLD INC净利率更高（24.9% vs 5.0%，领先20.0%），ROYAL GOLD INC同比增速更快（85.3% vs 11.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 7.1%）
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。
OSW vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.6倍
$242.1M
营收增速更快
RGLD
高出73.8%
11.5%
净利率更高
RGLD
高出20.0%
5.0%
两年增速更快
RGLD
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $242.1M | $375.3M |
| 净利润 | $12.1M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 6.8% | 56.2% |
| 净利率 | 5.0% | 24.9% |
| 营收同比 | 11.5% | 85.3% |
| 净利润同比 | -16.2% | -12.8% |
| 每股收益（稀释后） | $0.12 | $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OSWRGLD
| Q4 25 | $242.1M | $375.3M | ||
| Q3 25 | $258.5M | $252.1M | ||
| Q2 25 | $240.7M | $209.6M | ||
| Q1 25 | $219.6M | $193.4M | ||
| Q4 24 | $217.2M | $202.6M | ||
| Q3 24 | $241.7M | $193.8M | ||
| Q2 24 | $224.9M | $174.1M | ||
| Q1 24 | $211.2M | $148.9M |
净利润OSWRGLD
| Q4 25 | $12.1M | $93.6M | ||
| Q3 25 | $24.3M | $126.8M | ||
| Q2 25 | $19.9M | $132.3M | ||
| Q1 25 | $15.3M | $113.5M | ||
| Q4 24 | $14.4M | $107.4M | ||
| Q3 24 | $21.6M | $96.2M | ||
| Q2 24 | $15.8M | $81.2M | ||
| Q1 24 | $21.2M | $47.2M |
毛利率OSWRGLD
| 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OSWRGLD
| Q4 25 | 6.8% | 56.2% | ||
| Q3 25 | 10.2% | 64.4% | ||
| Q2 25 | 9.2% | 67.7% | ||
| Q1 25 | 7.7% | 63.6% | ||
| Q4 24 | 7.9% | 65.9% | ||
| Q3 24 | 10.3% | 61.3% | ||
| Q2 24 | 8.4% | 58.6% | ||
| Q1 24 | 8.0% | 50.7% |
净利率OSWRGLD
| Q4 25 | 5.0% | 24.9% | ||
| Q3 25 | 9.4% | 50.3% | ||
| Q2 25 | 8.3% | 63.1% | ||
| Q1 25 | 7.0% | 58.7% | ||
| Q4 24 | 6.6% | 53.0% | ||
| Q3 24 | 8.9% | 49.7% | ||
| Q2 24 | 7.0% | 46.6% | ||
| Q1 24 | 10.0% | 31.7% |
每股收益（稀释后）OSWRGLD
| Q4 25 | $0.12 | $1.04 | ||
| Q3 25 | $0.23 | $1.92 | ||
| Q2 25 | $0.19 | $2.01 | ||
| Q1 25 | $0.15 | $1.72 | ||
| Q4 24 | $0.13 | $1.63 | ||
| Q3 24 | $0.20 | $1.46 | ||
| Q2 24 | $0.15 | $1.23 | ||
| Q1 24 | $0.21 | $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 | $16.3M | $233.7M |
| 总债务越低越好 | $84.0M | — |
| 股东权益账面价值 | $542.6M | $7.2B |
| 总资产 | $707.1M | $9.5B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资OSWRGLD
| Q4 25 | $16.3M | $233.7M | ||
| Q3 25 | $29.6M | $172.8M | ||
| Q2 25 | $35.0M | $248.2M | ||
| Q1 25 | $22.6M | $240.8M | ||
| Q4 24 | $57.4M | $195.5M | ||
| Q3 24 | $48.8M | $127.9M | ||
| Q2 24 | $62.5M | $74.2M | ||
| Q1 24 | $65.4M | $137.9M |
总债务OSWRGLD
| Q4 25 | $84.0M | — | ||
| Q3 25 | $85.2M | — | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $97.4M | — | ||
| Q4 24 | $98.6M | — | ||
| Q3 24 | $98.7M | $0 | ||
| Q2 24 | $123.8M | $50.0M | ||
| Q1 24 | $138.6M | — |
股东权益OSWRGLD
| Q4 25 | $542.6M | $7.2B | ||
| Q3 25 | $552.8M | $3.4B | ||
| Q2 25 | $548.3M | $3.3B | ||
| Q1 25 | $530.6M | $3.2B | ||
| Q4 24 | $554.5M | $3.1B | ||
| Q3 24 | $540.1M | $3.0B | ||
| Q2 24 | $532.7M | $3.0B | ||
| Q1 24 | $515.5M | $2.9B |
总资产OSWRGLD
| Q4 25 | $707.1M | $9.5B | ||
| Q3 25 | $732.6M | $4.5B | ||
| Q2 25 | $731.8M | $3.6B | ||
| Q1 25 | $708.7M | $3.5B | ||
| Q4 24 | $746.4M | $3.4B | ||
| Q3 24 | $734.0M | $3.3B | ||
| Q2 24 | $756.8M | $3.3B | ||
| Q1 24 | $763.6M | $3.3B |
负债/权益比OSWRGLD
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | 0.00× | ||
| Q2 24 | 0.23× | 0.02× | ||
| Q1 24 | 0.27× | — |
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 | $20.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $14.9M | — |
| 自由现金流率自由现金流/营收 | 6.2% | — |
| 资本支出强度资本支出/营收 | 2.1% | — |
| 现金转化率经营现金流/净利润 | 1.65× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $68.4M | — |
8季度趋势，按日历期对齐
经营现金流OSWRGLD
| Q4 25 | $20.0M | $241.7M | ||
| Q3 25 | $33.2M | $174.0M | ||
| Q2 25 | $20.3M | $152.8M | ||
| Q1 25 | $10.1M | $136.4M | ||
| Q4 24 | $16.6M | $141.1M | ||
| Q3 24 | $28.6M | $136.7M | ||
| Q2 24 | $18.7M | $113.5M | ||
| Q1 24 | $15.0M | $138.3M |
自由现金流OSWRGLD
| Q4 25 | $14.9M | — | ||
| Q3 25 | $27.6M | — | ||
| Q2 25 | $17.6M | — | ||
| Q1 25 | $8.4M | — | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $27.5M | — | ||
| Q2 24 | $17.6M | — | ||
| Q1 24 | $13.7M | — |
自由现金流率OSWRGLD
| Q4 25 | 6.2% | — | ||
| Q3 25 | 10.7% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 7.8% | — | ||
| Q1 24 | 6.5% | — |
资本支出强度OSWRGLD
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 1.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.6% | — |
现金转化率OSWRGLD
| Q4 25 | 1.65× | 2.58× | ||
| Q3 25 | 1.36× | 1.37× | ||
| Q2 25 | 1.02× | 1.15× | ||
| Q1 25 | 0.66× | 1.20× | ||
| Q4 24 | 1.15× | 1.31× | ||
| Q3 24 | 1.33× | 1.42× | ||
| Q2 24 | 1.19× | 1.40× | ||
| Q1 24 | 0.71× | 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
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
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% |
