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ROYAL GOLD INC（RGLD）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是ROYAL GOLD INC的1.9倍（$871.9M 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 18.0%），ROYAL GOLD INC自由现金流更多（$278.9M vs $74.6M），过去两年ROYAL GOLD INC的营收复合增速更高（64.2% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
RGLD vs WS — 直观对比
营收规模更大
WS
是对方的1.9倍
$469.1M
营收增速更快
RGLD
高出124.6%
18.0%
净利率更高
RGLD
高出57.9%
2.2%
自由现金流更多
RGLD
多$204.3M
$74.6M
两年增速更快
RGLD
近两年复合增速
3.9%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $469.1M | $871.9M |
| 净利润 | $281.7M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | 63.3% | 2.5% |
| 净利率 | 60.0% | 2.2% |
| 营收同比 | 142.6% | 18.0% |
| 净利润同比 | 147.7% | 46.9% |
| 每股收益（稀释后） | $3.30 | $0.37 |
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RGLDWS
| Q1 26 | $469.1M | — | ||
| Q4 25 | $375.3M | $871.9M | ||
| Q3 25 | $252.1M | $872.9M | ||
| Q2 25 | $209.6M | $832.9M | ||
| Q1 25 | $193.4M | $687.4M | ||
| Q4 24 | $202.6M | $739.0M | ||
| Q3 24 | $193.8M | $834.0M | ||
| Q2 24 | $174.1M | — |
净利润RGLDWS
| Q1 26 | $281.7M | — | ||
| Q4 25 | $93.6M | $18.8M | ||
| Q3 25 | $126.8M | $36.8M | ||
| Q2 25 | $132.3M | $55.7M | ||
| Q1 25 | $113.5M | $13.8M | ||
| Q4 24 | $107.4M | $12.8M | ||
| Q3 24 | $96.2M | $28.4M | ||
| Q2 24 | $81.2M | — |
毛利率RGLDWS
| Q1 26 | — | — | ||
| Q4 25 | 64.6% | 10.7% | ||
| Q3 25 | 73.6% | 13.2% | ||
| Q2 25 | 72.6% | 15.2% | ||
| Q1 25 | 69.4% | 11.8% | ||
| Q4 24 | 70.3% | 10.8% | ||
| Q3 24 | 66.6% | 12.0% | ||
| Q2 24 | 64.7% | — |
营业利润率RGLDWS
| Q1 26 | 63.3% | — | ||
| Q4 25 | 56.2% | 2.5% | ||
| Q3 25 | 64.4% | 5.5% | ||
| Q2 25 | 67.7% | 8.0% | ||
| Q1 25 | 63.6% | 2.7% | ||
| Q4 24 | 65.9% | 2.6% | ||
| Q3 24 | 61.3% | 5.2% | ||
| Q2 24 | 58.6% | — |
净利率RGLDWS
| Q1 26 | 60.0% | — | ||
| Q4 25 | 24.9% | 2.2% | ||
| Q3 25 | 50.3% | 4.2% | ||
| Q2 25 | 63.1% | 6.7% | ||
| Q1 25 | 58.7% | 2.0% | ||
| Q4 24 | 53.0% | 1.7% | ||
| Q3 24 | 49.7% | 3.4% | ||
| Q2 24 | 46.6% | — |
每股收益（稀释后）RGLDWS
| Q1 26 | $3.30 | — | ||
| Q4 25 | $1.04 | $0.37 | ||
| Q3 25 | $1.92 | $0.72 | ||
| Q2 25 | $2.01 | $1.11 | ||
| Q1 25 | $1.72 | $0.27 | ||
| Q4 24 | $1.63 | $0.25 | ||
| Q3 24 | $1.46 | $0.56 | ||
| Q2 24 | $1.23 | — |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $7.5B | $1.1B |
| 总资产 | $9.5B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资RGLDWS
| Q1 26 | $234.1M | — | ||
| Q4 25 | $233.7M | $89.8M | ||
| Q3 25 | $172.8M | $78.3M | ||
| Q2 25 | $248.2M | $38.0M | ||
| Q1 25 | $240.8M | $63.3M | ||
| Q4 24 | $195.5M | $52.0M | ||
| Q3 24 | $127.9M | $36.0M | ||
| Q2 24 | $74.2M | — |
总债务RGLDWS
| Q1 26 | — | — | ||
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | $0 | $122.2M | ||
| Q2 24 | $50.0M | — |
股东权益RGLDWS
| Q1 26 | $7.5B | — | ||
| Q4 25 | $7.2B | $1.1B | ||
| Q3 25 | $3.4B | $1.1B | ||
| Q2 25 | $3.3B | $1.1B | ||
| Q1 25 | $3.2B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.0B | $1.0B | ||
| Q2 24 | $3.0B | — |
总资产RGLDWS
| Q1 26 | $9.5B | — | ||
| Q4 25 | $9.5B | $2.1B | ||
| Q3 25 | $4.5B | $2.2B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.5B | $1.8B | ||
| Q4 24 | $3.4B | $1.7B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.3B | — |
负债/权益比RGLDWS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | 0.00× | 0.12× | ||
| 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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $278.9M | $74.6M |
| 自由现金流率自由现金流/营收 | 59.4% | 8.6% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 1.04× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流RGLDWS
| Q1 26 | $293.6M | — | ||
| Q4 25 | $241.7M | $99.3M | ||
| Q3 25 | $174.0M | $-6.3M | ||
| Q2 25 | $152.8M | $53.9M | ||
| Q1 25 | $136.4M | $53.8M | ||
| Q4 24 | $141.1M | $68.0M | ||
| Q3 24 | $136.7M | $54.6M | ||
| Q2 24 | $113.5M | — |
自由现金流RGLDWS
| Q1 26 | $278.9M | — | ||
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $-35.7M | ||
| Q2 25 | — | $8.4M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | — | $33.2M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | — | — |
自由现金流率RGLDWS
| Q1 26 | 59.4% | — | ||
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | — |
资本支出强度RGLDWS
| Q1 26 | — | — | ||
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | — |
现金转化率RGLDWS
| Q1 26 | 1.04× | — | ||
| Q4 25 | 2.58× | 5.28× | ||
| Q3 25 | 1.37× | -0.17× | ||
| Q2 25 | 1.15× | 0.97× | ||
| Q1 25 | 1.20× | 3.90× | ||
| Q4 24 | 1.31× | 5.31× | ||
| Q3 24 | 1.42× | 1.92× | ||
| 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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
