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Q2 Holdings, Inc.（QTWO）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
ROYAL GOLD INC的季度营收约是Q2 Holdings, Inc.的1.7倍（$375.3M vs $216.5M），ROYAL GOLD INC净利率更高（24.9% vs 12.3%，领先12.6%），ROYAL GOLD INC同比增速更快（85.3% vs 14.1%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 11.9%）
Q2 Holdings是一家全球金融科技企业，主要开发云原生数字银行平台及解决方案，服务地区性银行、社区银行、信用合作社等金融机构，帮助其为个人及企业客户提供安全便捷的线上、移动端银行服务，核心市场覆盖北美。
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。
QTWO vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.7倍
$216.5M
营收增速更快
RGLD
高出71.2%
14.1%
净利率更高
RGLD
高出12.6%
12.3%
两年增速更快
RGLD
近两年复合增速
11.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $216.5M | $375.3M |
| 净利润 | $26.6M | $93.6M |
| 毛利率 | 59.1% | 64.6% |
| 营业利润率 | 12.8% | 56.2% |
| 净利率 | 12.3% | 24.9% |
| 营收同比 | 14.1% | 85.3% |
| 净利润同比 | 460.5% | -12.8% |
| 每股收益（稀释后） | $0.40 | $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QTWORGLD
| Q1 26 | $216.5M | — | ||
| Q4 25 | $208.2M | $375.3M | ||
| Q3 25 | $201.7M | $252.1M | ||
| Q2 25 | $195.1M | $209.6M | ||
| Q1 25 | $189.7M | $193.4M | ||
| Q4 24 | $183.0M | $202.6M | ||
| Q3 24 | $175.0M | $193.8M | ||
| Q2 24 | $172.9M | $174.1M |
净利润QTWORGLD
| Q1 26 | $26.6M | — | ||
| Q4 25 | $20.4M | $93.6M | ||
| Q3 25 | $15.0M | $126.8M | ||
| Q2 25 | $11.8M | $132.3M | ||
| Q1 25 | $4.8M | $113.5M | ||
| Q4 24 | $164.0K | $107.4M | ||
| Q3 24 | $-11.8M | $96.2M | ||
| Q2 24 | $-13.1M | $81.2M |
毛利率QTWORGLD
| Q1 26 | 59.1% | — | ||
| Q4 25 | 55.4% | 64.6% | ||
| Q3 25 | 54.0% | 73.6% | ||
| Q2 25 | 53.6% | 72.6% | ||
| Q1 25 | 53.2% | 69.4% | ||
| Q4 24 | 52.6% | 70.3% | ||
| Q3 24 | 50.9% | 66.6% | ||
| Q2 24 | 50.2% | 64.7% |
营业利润率QTWORGLD
| Q1 26 | 12.8% | — | ||
| Q4 25 | 8.1% | 56.2% | ||
| Q3 25 | 5.5% | 64.4% | ||
| Q2 25 | 5.0% | 67.7% | ||
| Q1 25 | 1.2% | 63.6% | ||
| Q4 24 | -0.9% | 65.9% | ||
| Q3 24 | -7.3% | 61.3% | ||
| Q2 24 | -7.9% | 58.6% |
净利率QTWORGLD
| Q1 26 | 12.3% | — | ||
| Q4 25 | 9.8% | 24.9% | ||
| Q3 25 | 7.5% | 50.3% | ||
| Q2 25 | 6.0% | 63.1% | ||
| Q1 25 | 2.5% | 58.7% | ||
| Q4 24 | 0.1% | 53.0% | ||
| Q3 24 | -6.7% | 49.7% | ||
| Q2 24 | -7.6% | 46.6% |
每股收益（稀释后）QTWORGLD
| Q1 26 | $0.40 | — | ||
| Q4 25 | $0.32 | $1.04 | ||
| Q3 25 | $0.23 | $1.92 | ||
| Q2 25 | $0.18 | $2.01 | ||
| Q1 25 | $0.07 | $1.72 | ||
| Q4 24 | $0.01 | $1.63 | ||
| Q3 24 | $-0.20 | $1.46 | ||
| Q2 24 | $-0.22 | $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 | $342.3M | $233.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $611.7M | $7.2B |
| 总资产 | $1.2B | $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QTWORGLD
| Q1 26 | $342.3M | — | ||
| Q4 25 | $432.7M | $233.7M | ||
| Q3 25 | $568.7M | $172.8M | ||
| Q2 25 | $532.1M | $248.2M | ||
| Q1 25 | $486.0M | $240.8M | ||
| Q4 24 | $446.6M | $195.5M | ||
| Q3 24 | $407.9M | $127.9M | ||
| Q2 24 | $372.1M | $74.2M |
总债务QTWORGLD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益QTWORGLD
| Q1 26 | $611.7M | — | ||
| Q4 25 | $661.8M | $7.2B | ||
| Q3 25 | $622.9M | $3.4B | ||
| Q2 25 | $584.3M | $3.3B | ||
| Q1 25 | $545.5M | $3.2B | ||
| Q4 24 | $517.8M | $3.1B | ||
| Q3 24 | $495.1M | $3.0B | ||
| Q2 24 | $480.7M | $3.0B |
总资产QTWORGLD
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.3B | $9.5B | ||
| Q3 25 | $1.4B | $4.5B | ||
| Q2 25 | $1.4B | $3.6B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.3B | $3.3B | ||
| Q2 24 | $1.2B | $3.3B |
负债/权益比QTWORGLD
| 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 | $56.3M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $44.2M | — |
| 自由现金流率自由现金流/营收 | 20.4% | — |
| 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 | 2.11× | 2.58× |
| 过去12个月自由现金流最近4个季度 | $196.1M | — |
8季度趋势，按日历期对齐
经营现金流QTWORGLD
| Q1 26 | $56.3M | — | ||
| Q4 25 | $63.7M | $241.7M | ||
| Q3 25 | $45.6M | $174.0M | ||
| Q2 25 | $48.6M | $152.8M | ||
| Q1 25 | $43.5M | $136.4M | ||
| Q4 24 | $43.0M | $141.1M | ||
| Q3 24 | $43.3M | $136.7M | ||
| Q2 24 | $36.0M | $113.5M |
自由现金流QTWORGLD
| Q1 26 | $44.2M | — | ||
| Q4 25 | $61.7M | — | ||
| Q3 25 | $42.9M | — | ||
| Q2 25 | $47.3M | — | ||
| Q1 25 | $42.7M | — | ||
| Q4 24 | $41.6M | — | ||
| Q3 24 | $40.9M | — | ||
| Q2 24 | $34.6M | — |
自由现金流率QTWORGLD
| Q1 26 | 20.4% | — | ||
| Q4 25 | 29.6% | — | ||
| Q3 25 | 21.3% | — | ||
| Q2 25 | 24.3% | — | ||
| Q1 25 | 22.5% | — | ||
| Q4 24 | 22.7% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 20.0% | — |
资本支出强度QTWORGLD
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 0.8% | — |
现金转化率QTWORGLD
| Q1 26 | 2.11× | — | ||
| Q4 25 | 3.12× | 2.58× | ||
| Q3 25 | 3.03× | 1.37× | ||
| Q2 25 | 4.13× | 1.15× | ||
| Q1 25 | 9.16× | 1.20× | ||
| Q4 24 | 262.41× | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 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
QTWO
| Subscription | $179.9M | 83% |
| Services and Other | $18.8M | 9% |
| Transactional | $17.8M | 8% |
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% |
