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ROYAL GOLD INC（RGLD）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是ROYAL GOLD INC的1.6倍（$766.5M vs $469.1M），ROYAL GOLD INC净利率更高（60.0% vs 2.2%，领先57.9%），ROYAL GOLD INC同比增速更快（142.6% vs 2.5%），ROYAL GOLD INC自由现金流更多（$278.9M vs $28.9M），过去两年ROYAL GOLD INC的营收复合增速更高（64.2% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
RGLD vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.6倍
$469.1M
营收增速更快
RGLD
高出140.0%
2.5%
净利率更高
RGLD
高出57.9%
2.2%
自由现金流更多
RGLD
多$250.0M
$28.9M
两年增速更快
RGLD
近两年复合增速
0.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $469.1M | $766.5M |
| 净利润 | $281.7M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 63.3% | 2.3% |
| 净利率 | 60.0% | 2.2% |
| 营收同比 | 142.6% | 2.5% |
| 净利润同比 | 147.7% | -3.3% |
| 每股收益（稀释后） | $3.30 | $0.75 |
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RGLDSCSC
| Q1 26 | $469.1M | — | ||
| Q4 25 | $375.3M | $766.5M | ||
| Q3 25 | $252.1M | $739.6M | ||
| Q2 25 | $209.6M | $812.9M | ||
| Q1 25 | $193.4M | $704.8M | ||
| Q4 24 | $202.6M | $747.5M | ||
| Q3 24 | $193.8M | $775.6M | ||
| Q2 24 | $174.1M | $746.1M |
净利润RGLDSCSC
| Q1 26 | $281.7M | — | ||
| Q4 25 | $93.6M | $16.5M | ||
| Q3 25 | $126.8M | $19.9M | ||
| Q2 25 | $132.3M | $20.1M | ||
| Q1 25 | $113.5M | $17.4M | ||
| Q4 24 | $107.4M | $17.1M | ||
| Q3 24 | $96.2M | $17.0M | ||
| Q2 24 | $81.2M | $16.1M |
毛利率RGLDSCSC
| Q1 26 | — | — | ||
| Q4 25 | 64.6% | 13.4% | ||
| Q3 25 | 73.6% | 14.5% | ||
| Q2 25 | 72.6% | 12.9% | ||
| Q1 25 | 69.4% | 14.2% | ||
| Q4 24 | 70.3% | 13.6% | ||
| Q3 24 | 66.6% | 13.1% | ||
| Q2 24 | 64.7% | 13.0% |
营业利润率RGLDSCSC
| Q1 26 | 63.3% | — | ||
| Q4 25 | 56.2% | 2.3% | ||
| Q3 25 | 64.4% | 3.5% | ||
| Q2 25 | 67.7% | 3.3% | ||
| Q1 25 | 63.6% | 3.2% | ||
| Q4 24 | 65.9% | 2.5% | ||
| Q3 24 | 61.3% | 2.3% | ||
| Q2 24 | 58.6% | 2.9% |
净利率RGLDSCSC
| Q1 26 | 60.0% | — | ||
| Q4 25 | 24.9% | 2.2% | ||
| Q3 25 | 50.3% | 2.7% | ||
| Q2 25 | 63.1% | 2.5% | ||
| Q1 25 | 58.7% | 2.5% | ||
| Q4 24 | 53.0% | 2.3% | ||
| Q3 24 | 49.7% | 2.2% | ||
| Q2 24 | 46.6% | 2.2% |
每股收益（稀释后）RGLDSCSC
| Q1 26 | $3.30 | — | ||
| Q4 25 | $1.04 | $0.75 | ||
| Q3 25 | $1.92 | $0.89 | ||
| Q2 25 | $2.01 | $0.87 | ||
| Q1 25 | $1.72 | $0.74 | ||
| Q4 24 | $1.63 | $0.70 | ||
| Q3 24 | $1.46 | $0.69 | ||
| Q2 24 | $1.23 | $0.66 |
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 | $234.1M | $83.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.5B | $910.9M |
| 总资产 | $9.5B | $1.7B |
| 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RGLDSCSC
| Q1 26 | $234.1M | — | ||
| Q4 25 | $233.7M | $83.5M | ||
| Q3 25 | $172.8M | $124.9M | ||
| Q2 25 | $248.2M | $126.2M | ||
| Q1 25 | $240.8M | $146.3M | ||
| Q4 24 | $195.5M | $110.5M | ||
| Q3 24 | $127.9M | $145.0M | ||
| Q2 24 | $74.2M | $185.5M |
总债务RGLDSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $50.0M | — |
股东权益RGLDSCSC
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.2B | $910.9M | ||
| Q3 25 | $3.4B | $914.0M | ||
| Q2 25 | $3.3B | $906.4M | ||
| Q1 25 | $3.2B | $901.7M | ||
| Q4 24 | $3.1B | $900.7M | ||
| Q3 24 | $3.0B | $920.9M | ||
| Q2 24 | $3.0B | $924.3M |
总资产RGLDSCSC
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $1.7B | ||
| Q3 25 | $4.5B | $1.7B | ||
| Q2 25 | $3.6B | $1.8B | ||
| Q1 25 | $3.5B | $1.7B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.3B | $1.8B |
负债/权益比RGLDSCSC
| 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 | $293.6M | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $278.9M | $28.9M |
| 自由现金流率自由现金流/营收 | 59.4% | 3.8% |
| 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 | 1.04× | 1.87× |
| 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RGLDSCSC
| Q1 26 | $293.6M | — | ||
| Q4 25 | $241.7M | $30.8M | ||
| Q3 25 | $174.0M | $23.2M | ||
| Q2 25 | $152.8M | — | ||
| Q1 25 | $136.4M | $66.1M | ||
| Q4 24 | $141.1M | $-6.2M | ||
| Q3 24 | $136.7M | $44.8M | ||
| Q2 24 | $113.5M | — |
自由现金流RGLDSCSC
| Q1 26 | $278.9M | — | ||
| Q4 25 | — | $28.9M | ||
| Q3 25 | — | $20.8M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $64.6M | ||
| Q4 24 | — | $-8.2M | ||
| Q3 24 | — | $42.5M | ||
| Q2 24 | — | — |
自由现金流率RGLDSCSC
| Q1 26 | 59.4% | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | — |
资本支出强度RGLDSCSC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 0.2% |
现金转化率RGLDSCSC
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.58× | 1.87× | ||
| Q3 25 | 1.37× | 1.17× | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.20× | 3.79× | ||
| Q4 24 | 1.31× | -0.36× | ||
| Q3 24 | 1.42× | 2.64× | ||
| 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
RGLD
| North America | $258.0M | 55% |
| South and Central America | $110.2M | 23% |
| Europe, Middle East, Africa (EMEA) | $84.8M | 18% |
| Australia Pacific | $16.1M | 3% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
