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PTC Inc.（PTC）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
PTC Inc.的季度营收约是ROYAL GOLD INC的1.8倍（$685.8M vs $375.3M），ROYAL GOLD INC净利率更高（24.9% vs 24.3%，领先0.7%），ROYAL GOLD INC同比增速更快（85.3% vs 21.4%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 6.6%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
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。
PTC vs RGLD — 直观对比
营收规模更大
PTC
是对方的1.8倍
$375.3M
营收增速更快
RGLD
高出63.9%
21.4%
净利率更高
RGLD
高出0.7%
24.3%
两年增速更快
RGLD
近两年复合增速
6.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $375.3M |
| 净利润 | $166.5M | $93.6M |
| 毛利率 | 82.8% | 64.6% |
| 营业利润率 | 32.2% | 56.2% |
| 净利率 | 24.3% | 24.9% |
| 营收同比 | 21.4% | 85.3% |
| 净利润同比 | 102.5% | -12.8% |
| 每股收益（稀释后） | $1.39 | $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PTCRGLD
| Q4 25 | $685.8M | $375.3M | ||
| Q3 25 | $893.8M | $252.1M | ||
| Q2 25 | $643.9M | $209.6M | ||
| Q1 25 | $636.4M | $193.4M | ||
| Q4 24 | $565.1M | $202.6M | ||
| Q3 24 | $626.5M | $193.8M | ||
| Q2 24 | $518.6M | $174.1M | ||
| Q1 24 | $603.1M | $148.9M |
净利润PTCRGLD
| Q4 25 | $166.5M | $93.6M | ||
| Q3 25 | $347.8M | $126.8M | ||
| Q2 25 | $141.3M | $132.3M | ||
| Q1 25 | $162.6M | $113.5M | ||
| Q4 24 | $82.2M | $107.4M | ||
| Q3 24 | $126.5M | $96.2M | ||
| Q2 24 | $69.0M | $81.2M | ||
| Q1 24 | $114.4M | $47.2M |
毛利率PTCRGLD
| Q4 25 | 82.8% | 64.6% | ||
| Q3 25 | 86.9% | 73.6% | ||
| Q2 25 | 82.9% | 72.6% | ||
| Q1 25 | 83.3% | 69.4% | ||
| Q4 24 | 80.2% | 70.3% | ||
| Q3 24 | 82.0% | 66.6% | ||
| Q2 24 | 78.4% | 64.7% | ||
| Q1 24 | 81.8% | 58.4% |
营业利润率PTCRGLD
| Q4 25 | 32.2% | 56.2% | ||
| Q3 25 | 48.5% | 64.4% | ||
| Q2 25 | 32.6% | 67.7% | ||
| Q1 25 | 35.1% | 63.6% | ||
| Q4 24 | 20.4% | 65.9% | ||
| Q3 24 | 31.0% | 61.3% | ||
| Q2 24 | 18.5% | 58.6% | ||
| Q1 24 | 29.8% | 50.7% |
净利率PTCRGLD
| Q4 25 | 24.3% | 24.9% | ||
| Q3 25 | 38.9% | 50.3% | ||
| Q2 25 | 21.9% | 63.1% | ||
| Q1 25 | 25.6% | 58.7% | ||
| Q4 24 | 14.6% | 53.0% | ||
| Q3 24 | 20.2% | 49.7% | ||
| Q2 24 | 13.3% | 46.6% | ||
| Q1 24 | 19.0% | 31.7% |
每股收益（稀释后）PTCRGLD
| Q4 25 | $1.39 | $1.04 | ||
| Q3 25 | $2.88 | $1.92 | ||
| Q2 25 | $1.17 | $2.01 | ||
| Q1 25 | $1.35 | $1.72 | ||
| Q4 24 | $0.68 | $1.63 | ||
| Q3 24 | $1.05 | $1.46 | ||
| Q2 24 | $0.57 | $1.23 | ||
| Q1 24 | $0.95 | $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 | $209.7M | $233.7M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $3.8B | $7.2B |
| 总资产 | $6.4B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资PTCRGLD
| Q4 25 | $209.7M | $233.7M | ||
| Q3 25 | $184.4M | $172.8M | ||
| Q2 25 | $199.3M | $248.2M | ||
| Q1 25 | $235.2M | $240.8M | ||
| Q4 24 | $196.3M | $195.5M | ||
| Q3 24 | $265.8M | $127.9M | ||
| Q2 24 | $247.7M | $74.2M | ||
| Q1 24 | $249.0M | $137.9M |
总债务PTCRGLD
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | $0 | ||
| Q2 24 | $1.3B | $50.0M | ||
| Q1 24 | $1.5B | — |
股东权益PTCRGLD
| Q4 25 | $3.8B | $7.2B | ||
| Q3 25 | $3.8B | $3.4B | ||
| Q2 25 | $3.5B | $3.3B | ||
| Q1 25 | $3.4B | $3.2B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.2B | $3.0B | ||
| Q2 24 | $3.0B | $3.0B | ||
| Q1 24 | $2.9B | $2.9B |
总资产PTCRGLD
| Q4 25 | $6.4B | $9.5B | ||
| Q3 25 | $6.6B | $4.5B | ||
| Q2 25 | $6.2B | $3.6B | ||
| Q1 25 | $6.2B | $3.5B | ||
| Q4 24 | $6.1B | $3.4B | ||
| Q3 24 | $6.4B | $3.3B | ||
| Q2 24 | $6.1B | $3.3B | ||
| Q1 24 | $6.2B | $3.3B |
负债/权益比PTCRGLD
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.38× | 0.00× | ||
| Q2 24 | 0.43× | 0.02× | ||
| Q1 24 | 0.51× | — |
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 | $269.7M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | — |
| 自由现金流率自由现金流/营收 | 39.0% | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.62× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $888.4M | — |
8季度趋势，按日历期对齐
经营现金流PTCRGLD
| Q4 25 | $269.7M | $241.7M | ||
| Q3 25 | $104.0M | $174.0M | ||
| Q2 25 | $243.9M | $152.8M | ||
| Q1 25 | $281.3M | $136.4M | ||
| Q4 24 | $238.4M | $141.1M | ||
| Q3 24 | $98.1M | $136.7M | ||
| Q2 24 | $213.8M | $113.5M | ||
| Q1 24 | $250.7M | $138.3M |
自由现金流PTCRGLD
| Q4 25 | $267.4M | — | ||
| Q3 25 | $100.5M | — | ||
| Q2 25 | $242.0M | — | ||
| Q1 25 | $278.5M | — | ||
| Q4 24 | $235.7M | — | ||
| Q3 24 | $93.6M | — | ||
| Q2 24 | $212.2M | — | ||
| Q1 24 | $247.1M | — |
自由现金流率PTCRGLD
| Q4 25 | 39.0% | — | ||
| Q3 25 | 11.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 43.8% | — | ||
| Q4 24 | 41.7% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 40.9% | — | ||
| Q1 24 | 41.0% | — |
资本支出强度PTCRGLD
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.6% | — |
现金转化率PTCRGLD
| Q4 25 | 1.62× | 2.58× | ||
| Q3 25 | 0.30× | 1.37× | ||
| Q2 25 | 1.73× | 1.15× | ||
| Q1 25 | 1.73× | 1.20× | ||
| Q4 24 | 2.90× | 1.31× | ||
| Q3 24 | 0.78× | 1.42× | ||
| Q2 24 | 3.10× | 1.40× | ||
| Q1 24 | 2.19× | 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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 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% |
