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ROYAL GOLD INC（RGLD）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.7倍（$375.3M vs $225.0M），ROYAL GOLD INC同比增速更快（85.3% vs 24.9%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
RGLD vs ROCK — 直观对比
营收规模更大
RGLD
是对方的1.7倍
$225.0M
营收增速更快
RGLD
高出60.3%
24.9%
两年增速更快
RGLD
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $375.3M | $225.0M |
| 净利润 | $93.6M | — |
| 毛利率 | 64.6% | 25.3% |
| 营业利润率 | 56.2% | 7.9% |
| 净利率 | 24.9% | — |
| 营收同比 | 85.3% | 24.9% |
| 净利润同比 | -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RGLDROCK
| Q4 25 | $375.3M | $225.0M | ||
| Q3 25 | $252.1M | $310.9M | ||
| Q2 25 | $209.6M | $309.5M | ||
| Q1 25 | $193.4M | $290.0M | ||
| Q4 24 | $202.6M | $180.1M | ||
| Q3 24 | $193.8M | $277.1M | ||
| Q2 24 | $174.1M | $273.6M | ||
| Q1 24 | $148.9M | $292.5M |
净利润RGLDROCK
| Q4 25 | $93.6M | — | ||
| Q3 25 | $126.8M | $-89.1M | ||
| Q2 25 | $132.3M | $26.0M | ||
| Q1 25 | $113.5M | $21.1M | ||
| Q4 24 | $107.4M | — | ||
| Q3 24 | $96.2M | $34.0M | ||
| Q2 24 | $81.2M | $32.2M | ||
| Q1 24 | $47.2M | $24.9M |
毛利率RGLDROCK
| Q4 25 | 64.6% | 25.3% | ||
| Q3 25 | 73.6% | 26.6% | ||
| Q2 25 | 72.6% | 28.4% | ||
| Q1 25 | 69.4% | 26.8% | ||
| Q4 24 | 70.3% | 29.0% | ||
| Q3 24 | 66.6% | 29.4% | ||
| Q2 24 | 64.7% | 30.5% | ||
| Q1 24 | 58.4% | 28.9% |
营业利润率RGLDROCK
| Q4 25 | 56.2% | 7.9% | ||
| Q3 25 | 64.4% | 12.8% | ||
| Q2 25 | 67.7% | 12.8% | ||
| Q1 25 | 63.6% | 8.8% | ||
| Q4 24 | 65.9% | 13.3% | ||
| Q3 24 | 61.3% | 15.6% | ||
| Q2 24 | 58.6% | 14.9% | ||
| Q1 24 | 50.7% | 10.8% |
净利率RGLDROCK
| Q4 25 | 24.9% | — | ||
| Q3 25 | 50.3% | -28.6% | ||
| Q2 25 | 63.1% | 8.4% | ||
| Q1 25 | 58.7% | 7.3% | ||
| Q4 24 | 53.0% | — | ||
| Q3 24 | 49.7% | 12.3% | ||
| Q2 24 | 46.6% | 11.8% | ||
| Q1 24 | 31.7% | 8.5% |
每股收益（稀释后）RGLDROCK
| Q4 25 | $1.04 | — | ||
| Q3 25 | $1.92 | $-2.98 | ||
| Q2 25 | $2.01 | $0.87 | ||
| Q1 25 | $1.72 | — | ||
| Q4 24 | $1.63 | — | ||
| Q3 24 | $1.46 | $1.11 | ||
| Q2 24 | $1.23 | $1.05 | ||
| 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 | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $7.2B | $950.4M |
| 总资产 | $9.5B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资RGLDROCK
| Q4 25 | $233.7M | $115.7M | ||
| Q3 25 | $172.8M | $89.4M | ||
| Q2 25 | $248.2M | $43.3M | ||
| Q1 25 | $240.8M | $25.1M | ||
| Q4 24 | $195.5M | $269.5M | ||
| Q3 24 | $127.9M | $228.9M | ||
| Q2 24 | $74.2M | $179.1M | ||
| Q1 24 | $137.9M | $146.7M |
总债务RGLDROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $0 | $0 | ||
| Q2 24 | $50.0M | $0 | ||
| Q1 24 | — | $0 |
股东权益RGLDROCK
| Q4 25 | $7.2B | $950.4M | ||
| Q3 25 | $3.4B | $951.8M | ||
| Q2 25 | $3.3B | $1.0B | ||
| Q1 25 | $3.2B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.0B | $1.0B | ||
| Q2 24 | $3.0B | $975.7M | ||
| Q1 24 | $2.9B | $940.2M |
总资产RGLDROCK
| Q4 25 | $9.5B | $1.4B | ||
| Q3 25 | $4.5B | $1.4B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.4B | $1.4B | ||
| Q3 24 | $3.3B | $1.4B | ||
| Q2 24 | $3.3B | $1.4B | ||
| Q1 24 | $3.3B | $1.3B |
负债/权益比RGLDROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 0.00× | 0.00× | ||
| Q2 24 | 0.02× | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $241.7M | $35.5M |
| 自由现金流经营现金流 - 资本支出 | — | $26.2M |
| 自由现金流率自由现金流/营收 | — | 11.7% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 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 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流RGLDROCK
| Q4 25 | $241.7M | $35.5M | ||
| Q3 25 | $174.0M | $73.0M | ||
| Q2 25 | $152.8M | $44.9M | ||
| Q1 25 | $136.4M | $13.7M | ||
| Q4 24 | $141.1M | $19.9M | ||
| Q3 24 | $136.7M | $64.7M | ||
| Q2 24 | $113.5M | $36.5M | ||
| Q1 24 | $138.3M | $53.2M |
自由现金流RGLDROCK
| Q4 25 | — | $26.2M | ||
| Q3 25 | — | $64.8M | ||
| Q2 25 | — | $27.3M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $60.5M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $48.8M |
自由现金流率RGLDROCK
| Q4 25 | — | 11.7% | ||
| Q3 25 | — | 20.8% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 12.2% | ||
| Q1 24 | — | 16.7% |
资本支出强度RGLDROCK
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.5% |
现金转化率RGLDROCK
| Q4 25 | 2.58× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 1.15× | 1.73× | ||
| Q1 25 | 1.20× | 0.65× | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 1.42× | 1.90× | ||
| Q2 24 | 1.40× | 1.13× | ||
| Q1 24 | 2.93× | 2.13× |
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
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
