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ROYAL GOLD INC（RGLD）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Ubiquiti Inc.的季度营收约是ROYAL GOLD INC的1.7倍（$814.9M vs $469.1M），ROYAL GOLD INC净利率更高（60.0% vs 28.7%，领先31.4%），ROYAL GOLD INC同比增速更快（142.6% vs 35.8%），ROYAL GOLD INC自由现金流更多（$278.9M vs $260.3M），过去两年ROYAL GOLD INC的营收复合增速更高（64.2% vs 28.6%）
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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
RGLD vs UI — 直观对比
营收规模更大
UI
是对方的1.7倍
$469.1M
营收增速更快
RGLD
高出106.7%
35.8%
净利率更高
RGLD
高出31.4%
28.7%
自由现金流更多
RGLD
多$18.6M
$260.3M
两年增速更快
RGLD
近两年复合增速
28.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $469.1M | $814.9M |
| 净利润 | $281.7M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 63.3% | 35.9% |
| 净利率 | 60.0% | 28.7% |
| 营收同比 | 142.6% | 35.8% |
| 净利润同比 | 147.7% | 70.8% |
| 每股收益（稀释后） | $3.30 | $3.86 |
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RGLDUI
| Q1 26 | $469.1M | — | ||
| Q4 25 | $375.3M | $814.9M | ||
| Q3 25 | $252.1M | $733.8M | ||
| Q2 25 | $209.6M | $759.2M | ||
| Q1 25 | $193.4M | $664.2M | ||
| Q4 24 | $202.6M | $599.9M | ||
| Q3 24 | $193.8M | $550.3M | ||
| Q2 24 | $174.1M | $507.5M |
净利润RGLDUI
| Q1 26 | $281.7M | — | ||
| Q4 25 | $93.6M | $233.6M | ||
| Q3 25 | $126.8M | $207.9M | ||
| Q2 25 | $132.3M | $266.7M | ||
| Q1 25 | $113.5M | $180.4M | ||
| Q4 24 | $107.4M | $136.8M | ||
| Q3 24 | $96.2M | $128.0M | ||
| Q2 24 | $81.2M | $103.8M |
毛利率RGLDUI
| Q1 26 | — | — | ||
| Q4 25 | 64.6% | 45.9% | ||
| Q3 25 | 73.6% | 46.0% | ||
| Q2 25 | 72.6% | 45.1% | ||
| Q1 25 | 69.4% | 44.5% | ||
| Q4 24 | 70.3% | 41.2% | ||
| Q3 24 | 66.6% | 42.1% | ||
| Q2 24 | 64.7% | 40.2% |
营业利润率RGLDUI
| Q1 26 | 63.3% | — | ||
| Q4 25 | 56.2% | 35.9% | ||
| Q3 25 | 64.4% | 35.7% | ||
| Q2 25 | 67.7% | 34.4% | ||
| Q1 25 | 63.6% | 34.2% | ||
| Q4 24 | 65.9% | 29.8% | ||
| Q3 24 | 61.3% | 30.7% | ||
| Q2 24 | 58.6% | 27.3% |
净利率RGLDUI
| Q1 26 | 60.0% | — | ||
| Q4 25 | 24.9% | 28.7% | ||
| Q3 25 | 50.3% | 28.3% | ||
| Q2 25 | 63.1% | 35.1% | ||
| Q1 25 | 58.7% | 27.2% | ||
| Q4 24 | 53.0% | 22.8% | ||
| Q3 24 | 49.7% | 23.3% | ||
| Q2 24 | 46.6% | 20.5% |
每股收益（稀释后）RGLDUI
| Q1 26 | $3.30 | — | ||
| Q4 25 | $1.04 | $3.86 | ||
| Q3 25 | $1.92 | $3.43 | ||
| Q2 25 | $2.01 | $4.40 | ||
| Q1 25 | $1.72 | $2.98 | ||
| Q4 24 | $1.63 | $2.26 | ||
| Q3 24 | $1.46 | $2.12 | ||
| Q2 24 | $1.23 | $1.72 |
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 | $234.1M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $7.5B | $1.0B |
| 总资产 | $9.5B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资RGLDUI
| Q1 26 | $234.1M | — | ||
| Q4 25 | $233.7M | $302.8M | ||
| Q3 25 | $172.8M | $177.2M | ||
| Q2 25 | $248.2M | $149.7M | ||
| Q1 25 | $240.8M | $151.0M | ||
| Q4 24 | $195.5M | $133.1M | ||
| Q3 24 | $127.9M | $165.2M | ||
| Q2 24 | $74.2M | $126.3M |
总债务RGLDUI
| Q1 26 | — | — | ||
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | $0 | $552.5M | ||
| Q2 24 | $50.0M | $708.1M |
股东权益RGLDUI
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.2B | $1.0B | ||
| Q3 25 | $3.4B | $828.4M | ||
| Q2 25 | $3.3B | $668.3M | ||
| Q1 25 | $3.2B | $436.1M | ||
| Q4 24 | $3.1B | $290.4M | ||
| Q3 24 | $3.0B | $188.1M | ||
| Q2 24 | $3.0B | $95.1M |
总资产RGLDUI
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $1.6B | ||
| Q3 25 | $4.5B | $1.5B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $3.5B | $1.3B | ||
| Q4 24 | $3.4B | $1.2B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.3B | $1.2B |
负债/权益比RGLDUI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | 0.00× | 2.94× | ||
| Q2 24 | 0.02× | 7.45× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $278.9M | $260.3M |
| 自由现金流率自由现金流/营收 | 59.4% | 31.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | 1.04× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流RGLDUI
| Q1 26 | $293.6M | — | ||
| Q4 25 | $241.7M | $263.9M | ||
| Q3 25 | $174.0M | $198.5M | ||
| Q2 25 | $152.8M | $130.4M | ||
| Q1 25 | $136.4M | $123.6M | ||
| Q4 24 | $141.1M | $152.4M | ||
| Q3 24 | $136.7M | $233.7M | ||
| Q2 24 | $113.5M | $231.4M |
自由现金流RGLDUI
| Q1 26 | $278.9M | — | ||
| Q4 25 | — | $260.3M | ||
| Q3 25 | — | $193.3M | ||
| Q2 25 | — | $125.2M | ||
| Q1 25 | — | $120.7M | ||
| Q4 24 | — | $150.4M | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | $229.5M |
自由现金流率RGLDUI
| Q1 26 | 59.4% | — | ||
| Q4 25 | — | 31.9% | ||
| Q3 25 | — | 26.3% | ||
| Q2 25 | — | 16.5% | ||
| Q1 25 | — | 18.2% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 45.2% |
资本支出强度RGLDUI
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
现金转化率RGLDUI
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.58× | 1.13× | ||
| Q3 25 | 1.37× | 0.95× | ||
| Q2 25 | 1.15× | 0.49× | ||
| Q1 25 | 1.20× | 0.68× | ||
| Q4 24 | 1.31× | 1.11× | ||
| Q3 24 | 1.42× | 1.83× | ||
| Q2 24 | 1.40× | 2.23× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
