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ROYAL GOLD INC（RGLD）与SSR MINING INC.（SSRM）财务数据对比。点击上方公司名可切换其他公司
SSR MINING INC.的季度营收约是ROYAL GOLD INC的1.4倍（$521.7M vs $375.3M）。SSR MINING INC.净利率更高（34.8% vs 24.9%，领先9.8%）。ROYAL GOLD INC同比增速更快（85.3% vs 61.4%）。过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 50.5%）
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。
SSR Mining Inc.（前身为白银标准资源公司）总部位于美国科罗拉多州丹佛，主营金、银、铜、铅、锌矿产开采，拥有阿根廷最大的银矿，同时在美洲全境及土耳其开展矿产勘探业务。2020年与阿拉瑟黄金合并后迁至丹佛，现任总裁兼首席执行官为罗德尼·P·安塔尔。
RGLD vs SSRM — 直观对比
营收规模更大
SSRM
是对方的1.4倍
$375.3M
营收增速更快
RGLD
高出23.9%
61.4%
净利率更高
SSRM
高出9.8%
24.9%
两年增速更快
RGLD
近两年复合增速
50.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $375.3M | $521.7M |
| 净利润 | $93.6M | $181.5M |
| 毛利率 | 64.6% | — |
| 营业利润率 | 56.2% | 38.8% |
| 净利率 | 24.9% | 34.8% |
| 营收同比 | 85.3% | 61.4% |
| 净利润同比 | -12.8% | 3166.6% |
| 每股收益（稀释后） | $1.04 | $0.84 |
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RGLDSSRM
| Q4 25 | $375.3M | $521.7M | ||
| Q3 25 | $252.1M | $385.8M | ||
| Q2 25 | $209.6M | $405.5M | ||
| Q1 25 | $193.4M | $316.6M | ||
| Q4 24 | $202.6M | $323.2M | ||
| Q3 24 | $193.8M | $257.4M | ||
| Q2 24 | $174.1M | $184.8M | ||
| Q1 24 | $148.9M | $230.2M |
净利润RGLDSSRM
| Q4 25 | $93.6M | $181.5M | ||
| Q3 25 | $126.8M | $65.4M | ||
| Q2 25 | $132.3M | $90.1M | ||
| Q1 25 | $113.5M | $58.8M | ||
| Q4 24 | $107.4M | $5.6M | ||
| Q3 24 | $96.2M | $10.6M | ||
| Q2 24 | $81.2M | $9.7M | ||
| Q1 24 | $47.2M | $-287.1M |
毛利率RGLDSSRM
| 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RGLDSSRM
| Q4 25 | 56.2% | 38.8% | ||
| Q3 25 | 64.4% | 21.6% | ||
| Q2 25 | 67.7% | 26.9% | ||
| Q1 25 | 63.6% | 21.1% | ||
| Q4 24 | 65.9% | 10.6% | ||
| Q3 24 | 61.3% | 3.5% | ||
| Q2 24 | 58.6% | 5.8% | ||
| Q1 24 | 50.7% | -163.5% |
净利率RGLDSSRM
| Q4 25 | 24.9% | 34.8% | ||
| Q3 25 | 50.3% | 17.0% | ||
| Q2 25 | 63.1% | 22.2% | ||
| Q1 25 | 58.7% | 18.6% | ||
| Q4 24 | 53.0% | 1.7% | ||
| Q3 24 | 49.7% | 4.1% | ||
| Q2 24 | 46.6% | 5.2% | ||
| Q1 24 | 31.7% | -124.7% |
每股收益（稀释后）RGLDSSRM
| Q4 25 | $1.04 | $0.84 | ||
| Q3 25 | $1.92 | $0.31 | ||
| Q2 25 | $2.01 | $0.42 | ||
| Q1 25 | $1.72 | $0.28 | ||
| Q4 24 | $1.63 | $0.03 | ||
| Q3 24 | $1.46 | $0.05 | ||
| Q2 24 | $1.23 | $0.05 | ||
| Q1 24 | $0.72 | $-1.42 |
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 | $575.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.2B | $3.5B |
| 总资产 | $9.5B | $6.1B |
| 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RGLDSSRM
| Q4 25 | $233.7M | $575.6M | ||
| Q3 25 | $172.8M | $445.4M | ||
| Q2 25 | $248.2M | $438.5M | ||
| Q1 25 | $240.8M | $341.3M | ||
| Q4 24 | $195.5M | $417.3M | ||
| Q3 24 | $127.9M | $365.8M | ||
| Q2 24 | $74.2M | $384.4M | ||
| Q1 24 | $137.9M | $492.0M |
总债务RGLDSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $228.6M | ||
| Q3 24 | $0 | $228.3M | ||
| Q2 24 | $50.0M | $228.0M | ||
| Q1 24 | — | $228.7M |
股东权益RGLDSSRM
| Q4 25 | $7.2B | $3.5B | ||
| Q3 25 | $3.4B | $3.3B | ||
| Q2 25 | $3.3B | $3.3B | ||
| Q1 25 | $3.2B | $3.2B | ||
| Q4 24 | $3.1B | $3.1B | ||
| Q3 24 | $3.0B | $3.1B | ||
| Q2 24 | $3.0B | $3.1B | ||
| Q1 24 | $2.9B | $3.1B |
总资产RGLDSSRM
| Q4 25 | $9.5B | $6.1B | ||
| Q3 25 | $4.5B | $5.9B | ||
| Q2 25 | $3.6B | $5.8B | ||
| Q1 25 | $3.5B | $5.6B | ||
| Q4 24 | $3.4B | $5.2B | ||
| Q3 24 | $3.3B | $5.1B | ||
| Q2 24 | $3.3B | $5.2B | ||
| Q1 24 | $3.3B | $5.3B |
负债/权益比RGLDSSRM
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | 0.00× | 0.07× | ||
| Q2 24 | 0.02× | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $172.1M |
| 自由现金流经营现金流 - 资本支出 | — | $106.4M |
| 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 | — | 12.6% |
| 现金转化率经营现金流/净利润 | 2.58× | 0.95× |
| 过去12个月自由现金流最近4个季度 | — | $241.6M |
8季度趋势，按日历期对齐
经营现金流RGLDSSRM
| Q4 25 | $241.7M | $172.1M | ||
| Q3 25 | $174.0M | $57.2M | ||
| Q2 25 | $152.8M | $157.8M | ||
| Q1 25 | $136.4M | $84.8M | ||
| Q4 24 | $141.1M | $95.0M | ||
| Q3 24 | $136.7M | $-1.3M | ||
| Q2 24 | $113.5M | $-78.1M | ||
| Q1 24 | $138.3M | $24.6M |
自由现金流RGLDSSRM
| Q4 25 | — | $106.4M | ||
| Q3 25 | — | $-2.4M | ||
| Q2 25 | — | $98.4M | ||
| Q1 25 | — | $39.3M | ||
| Q4 24 | — | $56.4M | ||
| Q3 24 | — | $-34.1M | ||
| Q2 24 | — | $-116.3M | ||
| Q1 24 | — | $-9.4M |
自由现金流率RGLDSSRM
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | — | 24.3% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 17.5% | ||
| Q3 24 | — | -13.2% | ||
| Q2 24 | — | -62.9% | ||
| Q1 24 | — | -4.1% |
资本支出强度RGLDSSRM
| Q4 25 | — | 12.6% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 14.4% | ||
| Q4 24 | — | 11.9% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 14.8% |
现金转化率RGLDSSRM
| Q4 25 | 2.58× | 0.95× | ||
| Q3 25 | 1.37× | 0.87× | ||
| Q2 25 | 1.15× | 1.75× | ||
| Q1 25 | 1.20× | 1.44× | ||
| Q4 24 | 1.31× | 17.10× | ||
| Q3 24 | 1.42× | -0.13× | ||
| Q2 24 | 1.40× | -8.06× | ||
| 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
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% |
SSRM
| Gold | $369.3M | 71% |
| Concentrate Sales | $124.4M | 24% |
| Other | $19.1M | 4% |
| Lead | $9.0M | 2% |
