vs
Planet Fitness, Inc.（PLNT）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
Planet Fitness, Inc.的季度营收约是ROYAL GOLD INC的1.0倍（$376.3M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 16.0%，领先8.9%），ROYAL GOLD INC同比增速更快（85.3% vs 10.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 23.2%）
Planet Fitness Inc.是总部位于美国新罕布什尔州汉普顿的健身中心特许经营商及运营商，目前在全球拥有约2715家门店，覆盖美国、加拿大、巴拿马、墨西哥、西班牙、澳大利亚等国，是全球规模最大的健身俱乐部特许经营品牌之一，主打「无评判空间」理念，面向所有健身水平的用户开放。
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。
PLNT vs RGLD — 直观对比
营收规模更大
PLNT
是对方的1.0倍
$375.3M
营收增速更快
RGLD
高出74.8%
10.5%
净利率更高
RGLD
高出8.9%
16.0%
两年增速更快
RGLD
近两年复合增速
23.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $376.3M | $375.3M |
| 净利润 | $60.4M | $93.6M |
| 毛利率 | 76.0% | 64.6% |
| 营业利润率 | 28.2% | 56.2% |
| 净利率 | 16.0% | 24.9% |
| 营收同比 | 10.5% | 85.3% |
| 净利润同比 | 28.3% | -12.8% |
| 每股收益（稀释后） | — | $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PLNTRGLD
| Q4 25 | $376.3M | $375.3M | ||
| Q3 25 | $330.3M | $252.1M | ||
| Q2 25 | $340.9M | $209.6M | ||
| Q1 25 | $276.7M | $193.4M | ||
| Q4 24 | $340.4M | $202.6M | ||
| Q3 24 | $292.2M | $193.8M | ||
| Q2 24 | $300.9M | $174.1M | ||
| Q1 24 | $248.0M | $148.9M |
净利润PLNTRGLD
| Q4 25 | $60.4M | $93.6M | ||
| Q3 25 | $58.8M | $126.8M | ||
| Q2 25 | $58.0M | $132.3M | ||
| Q1 25 | $41.9M | $113.5M | ||
| Q4 24 | $47.1M | $107.4M | ||
| Q3 24 | $42.0M | $96.2M | ||
| Q2 24 | $48.6M | $81.2M | ||
| Q1 24 | $34.3M | $47.2M |
毛利率PLNTRGLD
| Q4 25 | 76.0% | 64.6% | ||
| Q3 25 | 82.4% | 73.6% | ||
| Q2 25 | 82.6% | 72.6% | ||
| Q1 25 | 91.9% | 69.4% | ||
| Q4 24 | 76.4% | 70.3% | ||
| Q3 24 | 84.4% | 66.6% | ||
| Q2 24 | 82.7% | 64.7% | ||
| Q1 24 | 92.3% | 58.4% |
营业利润率PLNTRGLD
| Q4 25 | 28.2% | 56.2% | ||
| Q3 25 | 32.4% | 64.4% | ||
| Q2 25 | 30.0% | 67.7% | ||
| Q1 25 | 28.6% | 63.6% | ||
| Q4 24 | 26.4% | 65.9% | ||
| Q3 24 | 27.8% | 61.3% | ||
| Q2 24 | 29.0% | 58.6% | ||
| Q1 24 | 26.5% | 50.7% |
净利率PLNTRGLD
| Q4 25 | 16.0% | 24.9% | ||
| Q3 25 | 17.8% | 50.3% | ||
| Q2 25 | 17.0% | 63.1% | ||
| Q1 25 | 15.1% | 58.7% | ||
| Q4 24 | 13.8% | 53.0% | ||
| Q3 24 | 14.4% | 49.7% | ||
| Q2 24 | 16.2% | 46.6% | ||
| Q1 24 | 13.8% | 31.7% |
每股收益（稀释后）PLNTRGLD
| Q4 25 | — | $1.04 | ||
| Q3 25 | — | $1.92 | ||
| Q2 25 | — | $2.01 | ||
| Q1 25 | — | $1.72 | ||
| Q4 24 | — | $1.63 | ||
| Q3 24 | — | $1.46 | ||
| Q2 24 | — | $1.23 | ||
| Q1 24 | — | $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 | $452.4M | $233.7M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $-482.8M | $7.2B |
| 总资产 | $3.1B | $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PLNTRGLD
| Q4 25 | $452.4M | $233.7M | ||
| Q3 25 | $443.4M | $172.8M | ||
| Q2 25 | $442.7M | $248.2M | ||
| Q1 25 | $453.6M | $240.8M | ||
| Q4 24 | $407.3M | $195.5M | ||
| Q3 24 | $407.4M | $127.9M | ||
| Q2 24 | $350.2M | $74.2M | ||
| Q1 24 | $395.1M | $137.9M |
总债务PLNTRGLD
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | $0 | ||
| Q2 24 | $2.2B | $50.0M | ||
| Q1 24 | $2.0B | — |
股东权益PLNTRGLD
| Q4 25 | $-482.8M | $7.2B | ||
| Q3 25 | $-194.8M | $3.4B | ||
| Q2 25 | $-158.7M | $3.3B | ||
| Q1 25 | $-219.9M | $3.2B | ||
| Q4 24 | $-215.4M | $3.1B | ||
| Q3 24 | $-266.1M | $3.0B | ||
| Q2 24 | $-317.7M | $3.0B | ||
| Q1 24 | $-96.4M | $2.9B |
总资产PLNTRGLD
| Q4 25 | $3.1B | $9.5B | ||
| Q3 25 | $3.1B | $4.5B | ||
| Q2 25 | $3.1B | $3.6B | ||
| Q1 25 | $3.1B | $3.5B | ||
| Q4 24 | $3.1B | $3.4B | ||
| Q3 24 | $3.0B | $3.3B | ||
| Q2 24 | $3.0B | $3.3B | ||
| Q1 24 | $3.0B | $3.3B |
负债/权益比PLNTRGLD
| 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 | $109.1M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $59.0M | — |
| 自由现金流率自由现金流/营收 | 15.7% | — |
| 资本支出强度资本支出/营收 | 13.3% | — |
| 现金转化率经营现金流/净利润 | 1.81× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $254.8M | — |
8季度趋势，按日历期对齐
经营现金流PLNTRGLD
| Q4 25 | $109.1M | $241.7M | ||
| Q3 25 | $131.5M | $174.0M | ||
| Q2 25 | $44.0M | $152.8M | ||
| Q1 25 | $133.9M | $136.4M | ||
| Q4 24 | $49.1M | $141.1M | ||
| Q3 24 | $126.8M | $136.7M | ||
| Q2 24 | $78.2M | $113.5M | ||
| Q1 24 | $89.7M | $138.3M |
自由现金流PLNTRGLD
| Q4 25 | $59.0M | — | ||
| Q3 25 | $76.7M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $110.9M | — | ||
| Q4 24 | $7.0M | — | ||
| Q3 24 | $78.2M | — | ||
| Q2 24 | $40.2M | — | ||
| Q1 24 | $63.4M | — |
自由现金流率PLNTRGLD
| Q4 25 | 15.7% | — | ||
| Q3 25 | 23.2% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 40.1% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 25.6% | — |
资本支出强度PLNTRGLD
| Q4 25 | 13.3% | — | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 12.6% | — | ||
| Q1 24 | 10.6% | — |
现金转化率PLNTRGLD
| Q4 25 | 1.81× | 2.58× | ||
| Q3 25 | 2.23× | 1.37× | ||
| Q2 25 | 0.76× | 1.15× | ||
| Q1 25 | 3.20× | 1.20× | ||
| Q4 24 | 1.04× | 1.31× | ||
| Q3 24 | 3.02× | 1.42× | ||
| Q2 24 | 1.61× | 1.40× | ||
| Q1 24 | 2.62× | 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
PLNT
| Corporate Owned Club Segment | $135.6M | 36% |
| Equipment Revenue | $121.2M | 32% |
| Franchise | $98.6M | 26% |
| Advertising | $20.8M | 6% |
| Related Party | $4.3M | 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% |
