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Penumbra Inc（PEN）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
Penumbra Inc的季度营收约是ROYAL GOLD INC的1.0倍（$385.4M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 12.3%，领先12.7%），ROYAL GOLD INC同比增速更快（85.3% vs 22.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 17.6%）
Penumbra Inc是2004年由Arani Bose与Adam Elsesser联合创立的美国医疗器械企业，总部位于加利福尼亚州阿拉米达，核心业务为研发、生产中风、动脉瘤等血管疾病介入治疗所用的专业医疗设备，产品已在全球多个国家的临床诊疗场景中投入使用。
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。
PEN vs RGLD — 直观对比
营收规模更大
PEN
是对方的1.0倍
$375.3M
营收增速更快
RGLD
高出63.1%
22.1%
净利率更高
RGLD
高出12.7%
12.3%
两年增速更快
RGLD
近两年复合增速
17.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $385.4M | $375.3M |
| 净利润 | $47.3M | $93.6M |
| 毛利率 | 68.0% | 64.6% |
| 营业利润率 | 15.4% | 56.2% |
| 净利率 | 12.3% | 24.9% |
| 营收同比 | 22.1% | 85.3% |
| 净利润同比 | 40.6% | -12.8% |
| 每股收益（稀释后） | $1.20 | $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PENRGLD
| Q4 25 | $385.4M | $375.3M | ||
| Q3 25 | $354.7M | $252.1M | ||
| Q2 25 | $339.5M | $209.6M | ||
| Q1 25 | $324.1M | $193.4M | ||
| Q4 24 | $315.5M | $202.6M | ||
| Q3 24 | $301.0M | $193.8M | ||
| Q2 24 | $299.4M | $174.1M | ||
| Q1 24 | $278.7M | $148.9M |
净利润PENRGLD
| Q4 25 | $47.3M | $93.6M | ||
| Q3 25 | $45.9M | $126.8M | ||
| Q2 25 | $45.3M | $132.3M | ||
| Q1 25 | $39.2M | $113.5M | ||
| Q4 24 | $33.7M | $107.4M | ||
| Q3 24 | $29.5M | $96.2M | ||
| Q2 24 | $-60.2M | $81.2M | ||
| Q1 24 | $11.0M | $47.2M |
毛利率PENRGLD
| Q4 25 | 68.0% | 64.6% | ||
| Q3 25 | 67.8% | 73.6% | ||
| Q2 25 | 66.0% | 72.6% | ||
| Q1 25 | 66.6% | 69.4% | ||
| Q4 24 | 66.8% | 70.3% | ||
| Q3 24 | 66.5% | 66.6% | ||
| Q2 24 | 54.4% | 64.7% | ||
| Q1 24 | 65.0% | 58.4% |
营业利润率PENRGLD
| Q4 25 | 15.4% | 56.2% | ||
| Q3 25 | 13.8% | 64.4% | ||
| Q2 25 | 12.0% | 67.7% | ||
| Q1 25 | 12.4% | 63.6% | ||
| Q4 24 | 13.6% | 65.9% | ||
| Q3 24 | 11.7% | 61.3% | ||
| Q2 24 | -27.0% | 58.6% | ||
| Q1 24 | 4.3% | 50.7% |
净利率PENRGLD
| Q4 25 | 12.3% | 24.9% | ||
| Q3 25 | 12.9% | 50.3% | ||
| Q2 25 | 13.3% | 63.1% | ||
| Q1 25 | 12.1% | 58.7% | ||
| Q4 24 | 10.7% | 53.0% | ||
| Q3 24 | 9.8% | 49.7% | ||
| Q2 24 | -20.1% | 46.6% | ||
| Q1 24 | 3.9% | 31.7% |
每股收益（稀释后）PENRGLD
| Q4 25 | $1.20 | $1.04 | ||
| Q3 25 | $1.17 | $1.92 | ||
| Q2 25 | $1.15 | $2.01 | ||
| Q1 25 | $1.00 | $1.72 | ||
| Q4 24 | $0.88 | $1.63 | ||
| Q3 24 | $0.75 | $1.46 | ||
| Q2 24 | $-1.55 | $1.23 | ||
| Q1 24 | $0.28 | $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 | $186.9M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $7.2B |
| 总资产 | $1.8B | $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PENRGLD
| Q4 25 | $186.9M | $233.7M | ||
| Q3 25 | $321.0M | $172.8M | ||
| Q2 25 | $421.8M | $248.2M | ||
| Q1 25 | $376.1M | $240.8M | ||
| Q4 24 | $324.4M | $195.5M | ||
| Q3 24 | $280.5M | $127.9M | ||
| Q2 24 | $288.3M | $74.2M | ||
| Q1 24 | $223.1M | $137.9M |
总债务PENRGLD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益PENRGLD
| Q4 25 | $1.4B | $7.2B | ||
| Q3 25 | $1.4B | $3.4B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.2B | $3.2B | ||
| Q4 24 | $1.2B | $3.1B | ||
| Q3 24 | $1.1B | $3.0B | ||
| Q2 24 | $1.2B | $3.0B | ||
| Q1 24 | $1.2B | $2.9B |
总资产PENRGLD
| Q4 25 | $1.8B | $9.5B | ||
| Q3 25 | $1.7B | $4.5B | ||
| Q2 25 | $1.7B | $3.6B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $1.5B | $3.4B | ||
| Q3 24 | $1.5B | $3.3B | ||
| Q2 24 | $1.5B | $3.3B | ||
| Q1 24 | $1.6B | $3.3B |
负债/权益比PENRGLD
| 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 | $86.5M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $68.0M | — |
| 自由现金流率自由现金流/营收 | 17.7% | — |
| 资本支出强度资本支出/营收 | 4.8% | — |
| 现金转化率经营现金流/净利润 | 1.83× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $174.9M | — |
8季度趋势，按日历期对齐
经营现金流PENRGLD
| Q4 25 | $86.5M | $241.7M | ||
| Q3 25 | $58.3M | $174.0M | ||
| Q2 25 | $44.9M | $152.8M | ||
| Q1 25 | $49.0M | $136.4M | ||
| Q4 24 | $51.1M | $141.1M | ||
| Q3 24 | $56.5M | $136.7M | ||
| Q2 24 | $22.6M | $113.5M | ||
| Q1 24 | $38.3M | $138.3M |
自由现金流PENRGLD
| Q4 25 | $68.0M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $29.4M | — | ||
| Q1 25 | $35.5M | — | ||
| Q4 24 | $45.7M | — | ||
| Q3 24 | $51.0M | — | ||
| Q2 24 | $18.1M | — | ||
| Q1 24 | $32.5M | — |
自由现金流率PENRGLD
| Q4 25 | 17.7% | — | ||
| Q3 25 | 11.8% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 11.0% | — | ||
| Q4 24 | 14.5% | — | ||
| Q3 24 | 16.9% | — | ||
| Q2 24 | 6.0% | — | ||
| Q1 24 | 11.7% | — |
资本支出强度PENRGLD
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 4.6% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 2.1% | — |
现金转化率PENRGLD
| Q4 25 | 1.83× | 2.58× | ||
| Q3 25 | 1.27× | 1.37× | ||
| Q2 25 | 0.99× | 1.15× | ||
| Q1 25 | 1.25× | 1.20× | ||
| Q4 24 | 1.52× | 1.31× | ||
| Q3 24 | 1.91× | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | 3.48× | 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
PEN
| Thrombectomy | $254.7M | 66% |
| Other | $130.7M | 34% |
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% |
