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Quad/Graphics, Inc.（QUAD）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
Quad/Graphics, Inc.的季度营收约是ROYAL GOLD INC的1.7倍（$630.6M vs $375.3M），ROYAL GOLD INC同比增速更快（85.3% vs -11.0%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -1.9%）
奎德图形是一家总部位于美国威斯康星州萨塞克斯的营销服务企业，主营各类印刷与营销服务，业务覆盖受众定向、全渠道媒体策划投放、创意内容制作、零售展示包装、邮件优化及消费者分析等领域，可同时服务实体与数字媒体渠道。2025年，该企业位列美国大型广告集团、北美大型商业印刷企业之列。
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。
QUAD vs RGLD — 直观对比
营收规模更大
QUAD
是对方的1.7倍
$375.3M
营收增速更快
RGLD
高出96.3%
-11.0%
两年增速更快
RGLD
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $630.6M | $375.3M |
| 净利润 | — | $93.6M |
| 毛利率 | 21.6% | 64.6% |
| 营业利润率 | 5.9% | 56.2% |
| 净利率 | — | 24.9% |
| 营收同比 | -11.0% | 85.3% |
| 净利润同比 | — | -12.8% |
| 每股收益（稀释后） | $0.22 | $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QUADRGLD
| Q4 25 | $630.6M | $375.3M | ||
| Q3 25 | $588.0M | $252.1M | ||
| Q2 25 | $571.9M | $209.6M | ||
| Q1 25 | $629.4M | $193.4M | ||
| Q4 24 | $708.4M | $202.6M | ||
| Q3 24 | $674.8M | $193.8M | ||
| Q2 24 | $634.2M | $174.1M | ||
| Q1 24 | $654.8M | $148.9M |
净利润QUADRGLD
| Q4 25 | — | $93.6M | ||
| Q3 25 | $10.2M | $126.8M | ||
| Q2 25 | $-100.0K | $132.3M | ||
| Q1 25 | $5.8M | $113.5M | ||
| Q4 24 | — | $107.4M | ||
| Q3 24 | $-24.7M | $96.2M | ||
| Q2 24 | $-2.8M | $81.2M | ||
| Q1 24 | $-28.1M | $47.2M |
毛利率QUADRGLD
| Q4 25 | 21.6% | 64.6% | ||
| Q3 25 | 22.8% | 73.6% | ||
| Q2 25 | 21.6% | 72.6% | ||
| Q1 25 | 20.6% | 69.4% | ||
| Q4 24 | 22.4% | 70.3% | ||
| Q3 24 | 21.8% | 66.6% | ||
| Q2 24 | 22.1% | 64.7% | ||
| Q1 24 | 20.4% | 58.4% |
营业利润率QUADRGLD
| Q4 25 | 5.9% | 56.2% | ||
| Q3 25 | 4.5% | 64.4% | ||
| Q2 25 | 2.4% | 67.7% | ||
| Q1 25 | 3.1% | 63.6% | ||
| Q4 24 | 2.8% | 65.9% | ||
| Q3 24 | -0.7% | 61.3% | ||
| Q2 24 | 2.4% | 58.6% | ||
| Q1 24 | -1.6% | 50.7% |
净利率QUADRGLD
| Q4 25 | — | 24.9% | ||
| Q3 25 | 1.7% | 50.3% | ||
| Q2 25 | -0.0% | 63.1% | ||
| Q1 25 | 0.9% | 58.7% | ||
| Q4 24 | — | 53.0% | ||
| Q3 24 | -3.7% | 49.7% | ||
| Q2 24 | -0.4% | 46.6% | ||
| Q1 24 | -4.3% | 31.7% |
每股收益（稀释后）QUADRGLD
| Q4 25 | $0.22 | $1.04 | ||
| Q3 25 | $0.21 | $1.92 | ||
| Q2 25 | $0.00 | $2.01 | ||
| Q1 25 | $0.11 | $1.72 | ||
| Q4 24 | $0.11 | $1.63 | ||
| Q3 24 | $-0.52 | $1.46 | ||
| Q2 24 | $-0.06 | $1.23 | ||
| Q1 24 | $-0.60 | $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 | $63.3M | $233.7M |
| 总债务越低越好 | $369.9M | — |
| 股东权益账面价值 | $-59.5M | $7.2B |
| 总资产 | $1.3B | $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QUADRGLD
| Q4 25 | $63.3M | $233.7M | ||
| Q3 25 | $6.2M | $172.8M | ||
| Q2 25 | $6.7M | $248.2M | ||
| Q1 25 | $8.1M | $240.8M | ||
| Q4 24 | $29.2M | $195.5M | ||
| Q3 24 | $12.5M | $127.9M | ||
| Q2 24 | $12.8M | $74.2M | ||
| Q1 24 | $10.2M | $137.9M |
总债务QUADRGLD
| Q4 25 | $369.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $377.1M | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M | ||
| Q1 24 | — | — |
股东权益QUADRGLD
| Q4 25 | $-59.5M | $7.2B | ||
| Q3 25 | $96.7M | $3.4B | ||
| Q2 25 | $87.0M | $3.3B | ||
| Q1 25 | $87.4M | $3.2B | ||
| Q4 24 | $-131.2M | $3.1B | ||
| Q3 24 | $50.9M | $3.0B | ||
| Q2 24 | $79.1M | $3.0B | ||
| Q1 24 | $89.2M | $2.9B |
总资产QUADRGLD
| Q4 25 | $1.3B | $9.5B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.3B | $3.4B | ||
| Q3 24 | $1.4B | $3.3B | ||
| Q2 24 | $1.4B | $3.3B | ||
| Q1 24 | $1.4B | $3.3B |
负债/权益比QUADRGLD
| 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 | $145.9M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | $137.2M | — |
| 自由现金流率自由现金流/营收 | 21.8% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 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 | $50.7M | — |
8季度趋势，按日历期对齐
经营现金流QUADRGLD
| Q4 25 | $145.9M | $241.7M | ||
| Q3 25 | $-8.4M | $174.0M | ||
| Q2 25 | $47.4M | $152.8M | ||
| Q1 25 | $-89.0M | $136.4M | ||
| Q4 24 | $158.8M | $141.1M | ||
| Q3 24 | $2.4M | $136.7M | ||
| Q2 24 | $3.9M | $113.5M | ||
| Q1 24 | $-52.2M | $138.3M |
自由现金流QUADRGLD
| Q4 25 | $137.2M | — | ||
| Q3 25 | $-20.6M | — | ||
| Q2 25 | $34.4M | — | ||
| Q1 25 | $-100.3M | — | ||
| Q4 24 | $147.3M | — | ||
| Q3 24 | $-9.8M | — | ||
| Q2 24 | $-11.7M | — | ||
| Q1 24 | $-70.1M | — |
自由现金流率QUADRGLD
| Q4 25 | 21.8% | — | ||
| Q3 25 | -3.5% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | -15.9% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | -1.5% | — | ||
| Q2 24 | -1.8% | — | ||
| Q1 24 | -10.7% | — |
资本支出强度QUADRGLD
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.7% | — |
现金转化率QUADRGLD
| Q4 25 | — | 2.58× | ||
| Q3 25 | -0.82× | 1.37× | ||
| Q2 25 | — | 1.15× | ||
| Q1 25 | -15.34× | 1.20× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.42× | ||
| Q2 24 | — | 1.40× | ||
| Q1 24 | — | 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
QUAD
| Catalog Publications Retail Inserts Books And Directories | $300.6M | 48% |
| Direct Mail And Other Printed Products | $147.1M | 23% |
| Imaging Marketing Services And Other Services | $79.8M | 13% |
| Logistic Services | $61.4M | 10% |
| Other | $39.3M | 6% |
| Other Revenues | $2.4M | 0% |
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% |
