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Regency Centers（REG）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
Regency Centers的季度营收约是ROYAL GOLD INC的1.1倍（$404.2M vs $375.3M），Regency Centers净利率更高（50.1% vs 24.9%，领先25.2%），ROYAL GOLD INC同比增速更快（85.3% vs 8.5%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 5.4%）
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
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。
REG vs RGLD — 直观对比
营收规模更大
REG
是对方的1.1倍
$375.3M
营收增速更快
RGLD
高出76.8%
8.5%
净利率更高
REG
高出25.2%
24.9%
两年增速更快
RGLD
近两年复合增速
5.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $375.3M |
| 净利润 | $202.5M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 71.0% | 56.2% |
| 净利率 | 50.1% | 24.9% |
| 营收同比 | 8.5% | 85.3% |
| 净利润同比 | 134.1% | -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REGRGLD
| Q4 25 | $404.2M | $375.3M | ||
| Q3 25 | $387.6M | $252.1M | ||
| Q2 25 | $380.8M | $209.6M | ||
| Q1 25 | $380.9M | $193.4M | ||
| Q4 24 | $372.5M | $202.6M | ||
| Q3 24 | $360.3M | $193.8M | ||
| Q2 24 | $357.3M | $174.1M | ||
| Q1 24 | $363.9M | $148.9M |
净利润REGRGLD
| Q4 25 | $202.5M | $93.6M | ||
| Q3 25 | $109.4M | $126.8M | ||
| Q2 25 | $106.0M | $132.3M | ||
| Q1 25 | $109.6M | $113.5M | ||
| Q4 24 | $86.5M | $107.4M | ||
| Q3 24 | $101.5M | $96.2M | ||
| Q2 24 | $102.7M | $81.2M | ||
| Q1 24 | $109.8M | $47.2M |
毛利率REGRGLD
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% | ||
| Q1 24 | — | 58.4% |
营业利润率REGRGLD
| Q4 25 | 71.0% | 56.2% | ||
| Q3 25 | 72.7% | 64.4% | ||
| Q2 25 | 73.8% | 67.7% | ||
| Q1 25 | 71.8% | 63.6% | ||
| Q4 24 | 71.1% | 65.9% | ||
| Q3 24 | 72.5% | 61.3% | ||
| Q2 24 | 72.3% | 58.6% | ||
| Q1 24 | 72.3% | 50.7% |
净利率REGRGLD
| Q4 25 | 50.1% | 24.9% | ||
| Q3 25 | 28.2% | 50.3% | ||
| Q2 25 | 27.8% | 63.1% | ||
| Q1 25 | 28.8% | 58.7% | ||
| Q4 24 | 23.2% | 53.0% | ||
| Q3 24 | 28.2% | 49.7% | ||
| Q2 24 | 28.7% | 46.6% | ||
| Q1 24 | 30.2% | 31.7% |
每股收益（稀释后）REGRGLD
| 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 | — | $233.7M |
| 总债务越低越好 | $4.7B | — |
| 股东权益账面价值 | $6.9B | $7.2B |
| 总资产 | $13.0B | $9.5B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资REGRGLD
| Q4 25 | — | $233.7M | ||
| Q3 25 | — | $172.8M | ||
| Q2 25 | — | $248.2M | ||
| Q1 25 | — | $240.8M | ||
| Q4 24 | — | $195.5M | ||
| Q3 24 | — | $127.9M | ||
| Q2 24 | — | $74.2M | ||
| Q1 24 | — | $137.9M |
总债务REGRGLD
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.8B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.4B | $0 | ||
| Q2 24 | $4.4B | $50.0M | ||
| Q1 24 | $4.4B | — |
股东权益REGRGLD
| Q4 25 | $6.9B | $7.2B | ||
| Q3 25 | $6.8B | $3.4B | ||
| Q2 25 | $6.7B | $3.3B | ||
| Q1 25 | $6.7B | $3.2B | ||
| Q4 24 | $6.7B | $3.1B | ||
| Q3 24 | $6.8B | $3.0B | ||
| Q2 24 | $6.8B | $3.0B | ||
| Q1 24 | $7.0B | $2.9B |
总资产REGRGLD
| Q4 25 | $13.0B | $9.5B | ||
| Q3 25 | $13.1B | $4.5B | ||
| Q2 25 | $12.7B | $3.6B | ||
| Q1 25 | $12.6B | $3.5B | ||
| Q4 24 | $12.4B | $3.4B | ||
| Q3 24 | $12.4B | $3.3B | ||
| Q2 24 | $12.4B | $3.3B | ||
| Q1 24 | $12.7B | $3.3B |
负债/权益比REGRGLD
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.65× | 0.00× | ||
| Q2 24 | 0.64× | 0.02× | ||
| Q1 24 | 0.63× | — |
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 | $203.9M | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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 | 1.01× | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流REGRGLD
| Q4 25 | $203.9M | $241.7M | ||
| Q3 25 | $218.7M | $174.0M | ||
| Q2 25 | $244.0M | $152.8M | ||
| Q1 25 | $161.0M | $136.4M | ||
| Q4 24 | $191.4M | $141.1M | ||
| Q3 24 | $227.6M | $136.7M | ||
| Q2 24 | $203.5M | $113.5M | ||
| Q1 24 | $167.8M | $138.3M |
现金转化率REGRGLD
| Q4 25 | 1.01× | 2.58× | ||
| Q3 25 | 2.00× | 1.37× | ||
| Q2 25 | 2.30× | 1.15× | ||
| Q1 25 | 1.47× | 1.20× | ||
| Q4 24 | 2.21× | 1.31× | ||
| Q3 24 | 2.24× | 1.42× | ||
| Q2 24 | 1.98× | 1.40× | ||
| Q1 24 | 1.53× | 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
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 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% |
