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Paylocity Holding Corp（PCTY）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
Paylocity Holding Corp的季度营收约是ROYAL GOLD INC的1.0倍（$387.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 13.0%，领先12.0%），ROYAL GOLD INC同比增速更快（85.3% vs 11.3%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 2.7%）
Paylocity Holding Corp是美国领先的云端人力资源管理服务商，核心产品覆盖薪资核算、支出管理及人力资本管理（HCM）类SaaS软件，可帮助不同规模的企业客户优化人力与财务相关运营流程，有效提升管理效率、降低运营成本。
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。
PCTY vs RGLD — 直观对比
营收规模更大
PCTY
是对方的1.0倍
$375.3M
营收增速更快
RGLD
高出74.0%
11.3%
净利率更高
RGLD
高出12.0%
13.0%
两年增速更快
RGLD
近两年复合增速
2.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $387.0M | $375.3M |
| 净利润 | $50.2M | $93.6M |
| 毛利率 | 72.9% | 64.6% |
| 营业利润率 | 18.2% | 56.2% |
| 净利率 | 13.0% | 24.9% |
| 营收同比 | 11.3% | 85.3% |
| 净利润同比 | 34.0% | -12.8% |
| 每股收益（稀释后） | $0.92 | $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PCTYRGLD
| Q4 25 | $387.0M | $375.3M | ||
| Q3 25 | $378.9M | $252.1M | ||
| Q2 25 | $369.9M | $209.6M | ||
| Q1 25 | $421.1M | $193.4M | ||
| Q4 24 | $347.7M | $202.6M | ||
| Q3 24 | $333.1M | $193.8M | ||
| Q2 24 | $324.7M | $174.1M | ||
| Q1 24 | $366.8M | $148.9M |
净利润PCTYRGLD
| Q4 25 | $50.2M | $93.6M | ||
| Q3 25 | $48.0M | $126.8M | ||
| Q2 25 | $48.6M | $132.3M | ||
| Q1 25 | $91.5M | $113.5M | ||
| Q4 24 | $37.5M | $107.4M | ||
| Q3 24 | $49.6M | $96.2M | ||
| Q2 24 | $48.8M | $81.2M | ||
| Q1 24 | $85.3M | $47.2M |
毛利率PCTYRGLD
| Q4 25 | 72.9% | 64.6% | ||
| Q3 25 | 73.9% | 73.6% | ||
| Q2 25 | 73.5% | 72.6% | ||
| Q1 25 | 77.1% | 69.4% | ||
| Q4 24 | 72.6% | 70.3% | ||
| Q3 24 | 74.4% | 66.6% | ||
| Q2 24 | 74.0% | 64.7% | ||
| Q1 24 | 77.8% | 58.4% |
营业利润率PCTYRGLD
| Q4 25 | 18.2% | 56.2% | ||
| Q3 25 | 19.6% | 64.4% | ||
| Q2 25 | 17.9% | 67.7% | ||
| Q1 25 | 30.2% | 63.6% | ||
| Q4 24 | 13.4% | 65.9% | ||
| Q3 24 | 19.3% | 61.3% | ||
| Q2 24 | 19.4% | 58.6% | ||
| Q1 24 | 29.0% | 50.7% |
净利率PCTYRGLD
| Q4 25 | 13.0% | 24.9% | ||
| Q3 25 | 12.7% | 50.3% | ||
| Q2 25 | 13.1% | 63.1% | ||
| Q1 25 | 21.7% | 58.7% | ||
| Q4 24 | 10.8% | 53.0% | ||
| Q3 24 | 14.9% | 49.7% | ||
| Q2 24 | 15.0% | 46.6% | ||
| Q1 24 | 23.3% | 31.7% |
每股收益（稀释后）PCTYRGLD
| Q4 25 | $0.92 | $1.04 | ||
| Q3 25 | $0.86 | $1.92 | ||
| Q2 25 | $0.87 | $2.01 | ||
| Q1 25 | $1.61 | $1.72 | ||
| Q4 24 | $0.66 | $1.63 | ||
| Q3 24 | $0.88 | $1.46 | ||
| Q2 24 | $0.85 | $1.23 | ||
| Q1 24 | $1.50 | $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 | $162.5M | $233.7M |
| 总债务越低越好 | $81.3M | — |
| 股东权益账面价值 | $1.1B | $7.2B |
| 总资产 | $7.0B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资PCTYRGLD
| Q4 25 | $162.5M | $233.7M | ||
| Q3 25 | $165.2M | $172.8M | ||
| Q2 25 | $398.1M | $248.2M | ||
| Q1 25 | $477.8M | $240.8M | ||
| Q4 24 | $482.4M | $195.5M | ||
| Q3 24 | $778.5M | $127.9M | ||
| Q2 24 | $401.8M | $74.2M | ||
| Q1 24 | $492.7M | $137.9M |
总债务PCTYRGLD
| Q4 25 | $81.3M | — | ||
| Q3 25 | $81.3M | — | ||
| Q2 25 | $162.5M | — | ||
| Q1 25 | $243.8M | — | ||
| Q4 24 | $325.0M | — | ||
| Q3 24 | $325.0M | $0 | ||
| Q2 24 | $0 | $50.0M | ||
| Q1 24 | — | — |
股东权益PCTYRGLD
| Q4 25 | $1.1B | $7.2B | ||
| Q3 25 | $1.1B | $3.4B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.0B | $3.0B | ||
| Q1 24 | $1.1B | $2.9B |
总资产PCTYRGLD
| Q4 25 | $7.0B | $9.5B | ||
| Q3 25 | $4.2B | $4.5B | ||
| Q2 25 | $4.4B | $3.6B | ||
| Q1 25 | $5.2B | $3.5B | ||
| Q4 24 | $5.3B | $3.4B | ||
| Q3 24 | $4.0B | $3.3B | ||
| Q2 24 | $4.2B | $3.3B | ||
| Q1 24 | $5.0B | $3.3B |
负债/权益比PCTYRGLD
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | 0.00× | ||
| Q2 24 | 0.00× | 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 | $117.0M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $113.6M | — |
| 自由现金流率自由现金流/营收 | 29.4% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 2.33× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $461.1M | — |
8季度趋势，按日历期对齐
经营现金流PCTYRGLD
| Q4 25 | $117.0M | $241.7M | ||
| Q3 25 | $86.5M | $174.0M | ||
| Q2 25 | $86.6M | $152.8M | ||
| Q1 25 | $186.0M | $136.4M | ||
| Q4 24 | $54.2M | $141.1M | ||
| Q3 24 | $91.5M | $136.7M | ||
| Q2 24 | $79.9M | $113.5M | ||
| Q1 24 | $167.5M | $138.3M |
自由现金流PCTYRGLD
| Q4 25 | $113.6M | — | ||
| Q3 25 | $82.7M | — | ||
| Q2 25 | $81.1M | — | ||
| Q1 25 | $183.7M | — | ||
| Q4 24 | $51.2M | — | ||
| Q3 24 | $89.1M | — | ||
| Q2 24 | $73.6M | — | ||
| Q1 24 | $162.0M | — |
自由现金流率PCTYRGLD
| Q4 25 | 29.4% | — | ||
| Q3 25 | 21.8% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 43.6% | — | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 26.8% | — | ||
| Q2 24 | 22.7% | — | ||
| Q1 24 | 44.2% | — |
资本支出强度PCTYRGLD
| Q4 25 | 0.9% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 1.5% | — |
现金转化率PCTYRGLD
| Q4 25 | 2.33× | 2.58× | ||
| Q3 25 | 1.80× | 1.37× | ||
| Q2 25 | 1.78× | 1.15× | ||
| Q1 25 | 2.03× | 1.20× | ||
| Q4 24 | 1.45× | 1.31× | ||
| Q3 24 | 1.84× | 1.42× | ||
| Q2 24 | 1.64× | 1.40× | ||
| Q1 24 | 1.96× | 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
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
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% |
