vs
Paymentus Holdings, Inc.（PAY）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Paymentus Holdings, Inc.的1.1倍（$375.3M vs $330.5M），ROYAL GOLD INC净利率更高（24.9% vs 6.3%，领先18.7%），ROYAL GOLD INC同比增速更快（85.3% vs 28.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 33.7%）
Paymentus Holdings, Inc.是领先的云原生账单支付与客户互动技术服务商，面向公用事业、金融服务、政府、医疗、电信等领域企业提供集成数字支付解决方案、账单自动化工具和自助服务门户，核心业务覆盖北美市场。
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。
PAY vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.1倍
$330.5M
营收增速更快
RGLD
高出57.1%
28.1%
净利率更高
RGLD
高出18.7%
6.3%
两年增速更快
RGLD
近两年复合增速
33.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $330.5M | $375.3M |
| 净利润 | $20.7M | $93.6M |
| 毛利率 | 25.4% | 64.6% |
| 营业利润率 | 7.3% | 56.2% |
| 净利率 | 6.3% | 24.9% |
| 营收同比 | 28.1% | 85.3% |
| 净利润同比 | 57.2% | -12.8% |
| 每股收益（稀释后） | $0.16 | $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PAYRGLD
| Q4 25 | $330.5M | $375.3M | ||
| Q3 25 | $310.7M | $252.1M | ||
| Q2 25 | $280.1M | $209.6M | ||
| Q1 25 | $275.2M | $193.4M | ||
| Q4 24 | $257.9M | $202.6M | ||
| Q3 24 | $231.6M | $193.8M | ||
| Q2 24 | $197.4M | $174.1M | ||
| Q1 24 | $184.9M | $148.9M |
净利润PAYRGLD
| Q4 25 | $20.7M | $93.6M | ||
| Q3 25 | $17.7M | $126.8M | ||
| Q2 25 | $14.7M | $132.3M | ||
| Q1 25 | $13.8M | $113.5M | ||
| Q4 24 | $13.1M | $107.4M | ||
| Q3 24 | $14.4M | $96.2M | ||
| Q2 24 | $9.4M | $81.2M | ||
| Q1 24 | $7.2M | $47.2M |
毛利率PAYRGLD
| Q4 25 | 25.4% | 64.6% | ||
| Q3 25 | 24.1% | 73.6% | ||
| Q2 25 | 25.5% | 72.6% | ||
| Q1 25 | 24.0% | 69.4% | ||
| Q4 24 | 25.6% | 70.3% | ||
| Q3 24 | 26.2% | 66.6% | ||
| Q2 24 | 29.8% | 64.7% | ||
| Q1 24 | 28.5% | 58.4% |
营业利润率PAYRGLD
| Q4 25 | 7.3% | 56.2% | ||
| Q3 25 | 6.4% | 64.4% | ||
| Q2 25 | 5.7% | 67.7% | ||
| Q1 25 | 5.7% | 63.6% | ||
| Q4 24 | 5.5% | 65.9% | ||
| Q3 24 | 5.2% | 61.3% | ||
| Q2 24 | 5.2% | 58.6% | ||
| Q1 24 | 4.5% | 50.7% |
净利率PAYRGLD
| Q4 25 | 6.3% | 24.9% | ||
| Q3 25 | 5.7% | 50.3% | ||
| Q2 25 | 5.3% | 63.1% | ||
| Q1 25 | 5.0% | 58.7% | ||
| Q4 24 | 5.1% | 53.0% | ||
| Q3 24 | 6.2% | 49.7% | ||
| Q2 24 | 4.7% | 46.6% | ||
| Q1 24 | 3.9% | 31.7% |
每股收益（稀释后）PAYRGLD
| Q4 25 | $0.16 | $1.04 | ||
| Q3 25 | $0.14 | $1.92 | ||
| Q2 25 | $0.11 | $2.01 | ||
| Q1 25 | $0.11 | $1.72 | ||
| Q4 24 | $0.11 | $1.63 | ||
| Q3 24 | $0.11 | $1.46 | ||
| Q2 24 | $0.07 | $1.23 | ||
| Q1 24 | $0.06 | $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 | $320.9M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $560.4M | $7.2B |
| 总资产 | $667.9M | $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PAYRGLD
| Q4 25 | $320.9M | $233.7M | ||
| Q3 25 | $287.9M | $172.8M | ||
| Q2 25 | $266.4M | $248.2M | ||
| Q1 25 | $245.8M | $240.8M | ||
| Q4 24 | $205.9M | $195.5M | ||
| Q3 24 | $187.5M | $127.9M | ||
| Q2 24 | $188.8M | $74.2M | ||
| Q1 24 | $180.1M | $137.9M |
总债务PAYRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益PAYRGLD
| Q4 25 | $560.4M | $7.2B | ||
| Q3 25 | $537.4M | $3.4B | ||
| Q2 25 | $516.7M | $3.3B | ||
| Q1 25 | $500.4M | $3.2B | ||
| Q4 24 | $485.6M | $3.1B | ||
| Q3 24 | $468.8M | $3.0B | ||
| Q2 24 | $451.6M | $3.0B | ||
| Q1 24 | $439.4M | $2.9B |
总资产PAYRGLD
| Q4 25 | $667.9M | $9.5B | ||
| Q3 25 | $644.4M | $4.5B | ||
| Q2 25 | $609.5M | $3.6B | ||
| Q1 25 | $590.9M | $3.5B | ||
| Q4 24 | $576.2M | $3.4B | ||
| Q3 24 | $552.9M | $3.3B | ||
| Q2 24 | $527.7M | $3.3B | ||
| Q1 24 | $514.0M | $3.3B |
负债/权益比PAYRGLD
| 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 | $45.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $45.0M | — |
| 自由现金流率自由现金流/营收 | 13.6% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | 2.18× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $161.8M | — |
8季度趋势，按日历期对齐
经营现金流PAYRGLD
| Q4 25 | $45.1M | $241.7M | ||
| Q3 25 | $35.1M | $174.0M | ||
| Q2 25 | $31.5M | $152.8M | ||
| Q1 25 | $50.4M | $136.4M | ||
| Q4 24 | $27.9M | $141.1M | ||
| Q3 24 | $6.7M | $136.7M | ||
| Q2 24 | $18.0M | $113.5M | ||
| Q1 24 | $11.0M | $138.3M |
自由现金流PAYRGLD
| Q4 25 | $45.0M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $31.4M | — | ||
| Q1 25 | $50.4M | — | ||
| Q4 24 | $27.8M | — | ||
| Q3 24 | $6.7M | — | ||
| Q2 24 | $17.8M | — | ||
| Q1 24 | $10.8M | — |
自由现金流率PAYRGLD
| Q4 25 | 13.6% | — | ||
| Q3 25 | 11.3% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 9.0% | — | ||
| Q1 24 | 5.9% | — |
资本支出强度PAYRGLD
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
现金转化率PAYRGLD
| Q4 25 | 2.18× | 2.58× | ||
| Q3 25 | 1.98× | 1.37× | ||
| Q2 25 | 2.14× | 1.15× | ||
| Q1 25 | 3.65× | 1.20× | ||
| Q4 24 | 2.12× | 1.31× | ||
| Q3 24 | 0.47× | 1.42× | ||
| Q2 24 | 1.93× | 1.40× | ||
| Q1 24 | 1.52× | 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
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 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% |
