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PEGASYSTEMS INC（PEGA）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
PEGASYSTEMS INC的季度营收约是ROYAL GOLD INC的1.1倍（$430.0M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 7.6%，领先17.3%），ROYAL GOLD INC同比增速更快（85.3% vs -9.6%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 10.7%）
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
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。
PEGA vs RGLD — 直观对比
营收规模更大
PEGA
是对方的1.1倍
$375.3M
营收增速更快
RGLD
高出94.9%
-9.6%
净利率更高
RGLD
高出17.3%
7.6%
两年增速更快
RGLD
近两年复合增速
10.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $375.3M |
| 净利润 | $32.8M | $93.6M |
| 毛利率 | 75.2% | 64.6% |
| 营业利润率 | 8.6% | 56.2% |
| 净利率 | 7.6% | 24.9% |
| 营收同比 | -9.6% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $0.18 | $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PEGARGLD
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $375.3M | ||
| Q3 25 | $381.4M | $252.1M | ||
| Q2 25 | $384.5M | $209.6M | ||
| Q1 25 | $475.6M | $193.4M | ||
| Q4 24 | $490.8M | $202.6M | ||
| Q3 24 | $325.1M | $193.8M | ||
| Q2 24 | $351.2M | $174.1M |
净利润PEGARGLD
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $93.6M | ||
| Q3 25 | $43.4M | $126.8M | ||
| Q2 25 | $30.1M | $132.3M | ||
| Q1 25 | $85.4M | $113.5M | ||
| Q4 24 | $119.1M | $107.4M | ||
| Q3 24 | $-14.4M | $96.2M | ||
| Q2 24 | $6.6M | $81.2M |
毛利率PEGARGLD
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 64.6% | ||
| Q3 25 | 72.2% | 73.6% | ||
| Q2 25 | 71.5% | 72.6% | ||
| Q1 25 | 78.5% | 69.4% | ||
| Q4 24 | 79.1% | 70.3% | ||
| Q3 24 | 70.2% | 66.6% | ||
| Q2 24 | 72.4% | 64.7% |
营业利润率PEGARGLD
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 56.2% | ||
| Q3 25 | 3.8% | 64.4% | ||
| Q2 25 | 4.5% | 67.7% | ||
| Q1 25 | 26.7% | 63.6% | ||
| Q4 24 | 29.1% | 65.9% | ||
| Q3 24 | -3.6% | 61.3% | ||
| Q2 24 | 3.7% | 58.6% |
净利率PEGARGLD
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 24.9% | ||
| Q3 25 | 11.4% | 50.3% | ||
| Q2 25 | 7.8% | 63.1% | ||
| Q1 25 | 18.0% | 58.7% | ||
| Q4 24 | 24.3% | 53.0% | ||
| Q3 24 | -4.4% | 49.7% | ||
| Q2 24 | 1.9% | 46.6% |
每股收益（稀释后）PEGARGLD
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $1.04 | ||
| Q3 25 | $0.24 | $1.92 | ||
| Q2 25 | $0.17 | $2.01 | ||
| Q1 25 | $0.91 | $1.72 | ||
| Q4 24 | $1.35 | $1.63 | ||
| Q3 24 | $-0.17 | $1.46 | ||
| Q2 24 | $0.07 | $1.23 |
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 | $270.0M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $705.9M | $7.2B |
| 总资产 | $1.6B | $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PEGARGLD
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $233.7M | ||
| Q3 25 | $351.4M | $172.8M | ||
| Q2 25 | $411.6M | $248.2M | ||
| Q1 25 | $371.7M | $240.8M | ||
| Q4 24 | $740.0M | $195.5M | ||
| Q3 24 | $703.0M | $127.9M | ||
| Q2 24 | $665.1M | $74.2M |
总债务PEGARGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益PEGARGLD
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $7.2B | ||
| Q3 25 | $596.8M | $3.4B | ||
| Q2 25 | $624.5M | $3.3B | ||
| Q1 25 | $611.3M | $3.2B | ||
| Q4 24 | $585.5M | $3.1B | ||
| Q3 24 | $473.0M | $3.0B | ||
| Q2 24 | $435.4M | $3.0B |
总资产PEGARGLD
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $9.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.3B | $3.6B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.8B | $3.4B | ||
| Q3 24 | $1.6B | $3.3B | ||
| Q2 24 | $1.5B | $3.3B |
负债/权益比PEGARGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
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 | — | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $206.5M | — |
| 自由现金流率自由现金流/营收 | 48.0% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | $494.9M | — |
8季度趋势，按日历期对齐
经营现金流PEGARGLD
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $241.7M | ||
| Q3 25 | $56.3M | $174.0M | ||
| Q2 25 | $86.3M | $152.8M | ||
| Q1 25 | $204.2M | $136.4M | ||
| Q4 24 | $95.2M | $141.1M | ||
| Q3 24 | $30.5M | $136.7M | ||
| Q2 24 | $40.1M | $113.5M |
自由现金流PEGARGLD
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | — | ||
| Q3 25 | $51.8M | — | ||
| Q2 25 | $84.1M | — | ||
| Q1 25 | $202.3M | — | ||
| Q4 24 | $92.4M | — | ||
| Q3 24 | $27.4M | — | ||
| Q2 24 | $38.8M | — |
自由现金流率PEGARGLD
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 13.6% | — | ||
| Q2 25 | 21.9% | — | ||
| Q1 25 | 42.5% | — | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 11.1% | — |
资本支出强度PEGARGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.6% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.4% | — |
现金转化率PEGARGLD
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 2.58× | ||
| Q3 25 | 1.30× | 1.37× | ||
| Q2 25 | 2.87× | 1.15× | ||
| Q1 25 | 2.39× | 1.20× | ||
| Q4 24 | 0.80× | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | 6.06× | 1.40× |
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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
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% |
