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艾奕康（ACM）与皇家加勒比集团（RCL）财务数据对比。点击上方公司名可切换其他公司
皇家加勒比集团的季度营收约是艾奕康的1.2倍（$4.5B vs $3.8B），皇家加勒比集团净利率更高（21.3% vs 1.9%，领先19.4%），皇家加勒比集团同比增速更快（11.3% vs 1.6%），过去两年皇家加勒比集团的营收复合增速更高（4.1% vs -1.4%）
AECOM是一家总部位于美国得克萨斯州达拉斯的跨国基础设施咨询企业，业务覆盖全球多地区，为交通、建筑、水务、能源等多个领域的工程项目提供专业规划、设计、项目管理等一体化咨询解决方案，在全球基建咨询行业拥有领先的市场地位。
皇家加勒比集团前身为皇家加勒比邮轮有限公司，是仅次于嘉年华公司的全球第二大邮轮运营商。集团总部位于美国佛罗里达州迈阿密，在利比里亚注册，目前全资拥有皇家加勒比国际游轮、名人邮轮、银海邮轮三大品牌，还持有途易邮轮50%的股份。
ACM vs RCL — 直观对比
营收规模更大
RCL
是对方的1.2倍
$3.8B
营收增速更快
RCL
高出9.8%
1.6%
净利率更高
RCL
高出19.4%
1.9%
两年增速更快
RCL
近两年复合增速
-1.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.5B |
| 净利润 | $74.5M | $950.0M |
| 毛利率 | 7.3% | — |
| 营业利润率 | 5.8% | 26.1% |
| 净利率 | 1.9% | 21.3% |
| 营收同比 | 1.6% | 11.3% |
| 净利润同比 | -48.0% | 29.1% |
| 每股收益（稀释后） | $0.56 | $3.48 |
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ACMRCL
| Q1 26 | $3.8B | $4.5B | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | $4.2B | $5.1B | ||
| Q2 25 | $4.2B | $4.5B | ||
| Q1 25 | $3.8B | $4.0B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $4.1B | $4.9B | ||
| Q2 24 | $4.2B | $4.1B |
净利润ACMRCL
| Q1 26 | $74.5M | $950.0M | ||
| Q4 25 | — | $753.0M | ||
| Q3 25 | $120.4M | $1.6B | ||
| Q2 25 | $131.0M | $1.2B | ||
| Q1 25 | $143.4M | $730.0M | ||
| Q4 24 | $167.0M | $552.0M | ||
| Q3 24 | $172.5M | $1.1B | ||
| Q2 24 | $134.3M | $854.0M |
毛利率ACMRCL
| Q1 26 | 7.3% | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | 7.9% | 51.8% | ||
| Q2 25 | 7.8% | 49.7% | ||
| Q1 25 | 7.7% | 48.0% | ||
| Q4 24 | 6.7% | 45.4% | ||
| Q3 24 | 7.2% | 51.1% | ||
| Q2 24 | 6.9% | 47.6% |
营业利润率ACMRCL
| Q1 26 | 5.8% | 26.1% | ||
| Q4 25 | — | 21.9% | ||
| Q3 25 | 5.7% | 33.1% | ||
| Q2 25 | 7.0% | 29.3% | ||
| Q1 25 | 6.8% | 23.6% | ||
| Q4 24 | 5.9% | 16.6% | ||
| Q3 24 | 5.8% | 33.4% | ||
| Q2 24 | 5.5% | 26.7% |
净利率ACMRCL
| Q1 26 | 1.9% | 21.3% | ||
| Q4 25 | — | 17.7% | ||
| Q3 25 | 2.9% | 30.6% | ||
| Q2 25 | 3.1% | 26.7% | ||
| Q1 25 | 3.8% | 18.3% | ||
| Q4 24 | 4.2% | 14.7% | ||
| Q3 24 | 4.2% | 22.7% | ||
| Q2 24 | 3.2% | 20.8% |
每股收益（稀释后）ACMRCL
| Q1 26 | $0.56 | $3.48 | ||
| Q4 25 | — | $2.76 | ||
| Q3 25 | $0.90 | $5.74 | ||
| Q2 25 | $0.98 | $4.41 | ||
| Q1 25 | $1.08 | $2.70 | ||
| Q4 24 | $1.25 | $2.27 | ||
| Q3 24 | $1.27 | $4.21 | ||
| Q2 24 | $0.98 | $3.11 |
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 | $1.2B | $512.0M |
| 总债务越低越好 | $2.6B | $21.1B |
| 股东权益账面价值 | $2.2B | $10.0B |
| 总资产 | $11.9B | $42.0B |
| 负债/权益比越低杠杆越低 | 1.18× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资ACMRCL
| Q1 26 | $1.2B | $512.0M | ||
| Q4 25 | — | $825.0M | ||
| Q3 25 | $1.6B | $432.0M | ||
| Q2 25 | $1.8B | $735.0M | ||
| Q1 25 | $1.6B | $386.0M | ||
| Q4 24 | $1.6B | $388.0M | ||
| Q3 24 | $1.6B | $418.0M | ||
| Q2 24 | $1.6B | $391.0M |
总债务ACMRCL
| Q1 26 | $2.6B | $21.1B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | $2.6B | $17.2B | ||
| Q2 25 | $2.5B | $17.6B | ||
| Q1 25 | $2.5B | $18.0B | ||
| Q4 24 | $2.5B | $18.5B | ||
| Q3 24 | $2.5B | $19.0B | ||
| Q2 24 | $2.5B | $19.8B |
股东权益ACMRCL
| Q1 26 | $2.2B | $10.0B | ||
| Q4 25 | — | $10.0B | ||
| Q3 25 | $2.5B | $10.1B | ||
| Q2 25 | $2.5B | $9.2B | ||
| Q1 25 | $2.3B | $8.0B | ||
| Q4 24 | $2.2B | $7.6B | ||
| Q3 24 | $2.2B | $7.0B | ||
| Q2 24 | $2.3B | $6.0B |
总资产ACMRCL
| Q1 26 | $11.9B | $42.0B | ||
| Q4 25 | — | $41.6B | ||
| Q3 25 | $12.2B | $40.1B | ||
| Q2 25 | $12.3B | $38.5B | ||
| Q1 25 | $11.8B | $37.5B | ||
| Q4 24 | $11.8B | $37.1B | ||
| Q3 24 | $12.1B | $37.1B | ||
| Q2 24 | $12.0B | $37.0B |
负债/权益比ACMRCL
| Q1 26 | 1.18× | 2.11× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | 1.06× | 1.70× | ||
| Q2 25 | 0.99× | 1.92× | ||
| Q1 25 | 1.07× | 2.26× | ||
| Q4 24 | 1.11× | 2.44× | ||
| Q3 24 | 1.12× | 2.69× | ||
| Q2 24 | 1.07× | 3.29× |
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 | $70.2M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $41.9M | — |
| 自由现金流率自由现金流/营收 | 1.1% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | 0.94× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $616.0M | — |
8季度趋势，按日历期对齐
经营现金流ACMRCL
| Q1 26 | $70.2M | $1.8B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $196.1M | $1.5B | ||
| Q2 25 | $283.7M | $1.7B | ||
| Q1 25 | $190.7M | $1.6B | ||
| Q4 24 | $151.1M | $1.5B | ||
| Q3 24 | $298.8M | $897.0M | ||
| Q2 24 | $291.3M | $1.6B |
自由现金流ACMRCL
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $116.0M | ||
| Q3 25 | $134.1M | $-989.0M | ||
| Q2 25 | $261.7M | $910.0M | ||
| Q1 25 | $178.3M | $1.2B | ||
| Q4 24 | $110.9M | $915.0M | ||
| Q3 24 | $274.5M | $563.0M | ||
| Q2 24 | $272.8M | $-567.0M |
自由现金流率ACMRCL
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | 3.2% | -19.2% | ||
| Q2 25 | 6.3% | 20.1% | ||
| Q1 25 | 4.7% | 30.0% | ||
| Q4 24 | 2.8% | 24.3% | ||
| Q3 24 | 6.7% | 11.5% | ||
| Q2 24 | 6.6% | -13.8% |
资本支出强度ACMRCL
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 35.4% | ||
| Q3 25 | 1.5% | 47.8% | ||
| Q2 25 | 0.5% | 18.4% | ||
| Q1 25 | 0.3% | 10.7% | ||
| Q4 24 | 1.0% | 14.7% | ||
| Q3 24 | 0.6% | 6.8% | ||
| Q2 24 | 0.4% | 52.1% |
现金转化率ACMRCL
| Q1 26 | 0.94× | 1.93× | ||
| Q4 25 | — | 2.16× | ||
| Q3 25 | 1.63× | 0.93× | ||
| Q2 25 | 2.17× | 1.44× | ||
| Q1 25 | 1.33× | 2.23× | ||
| Q4 24 | 0.90× | 2.66× | ||
| Q3 24 | 1.73× | 0.81× | ||
| Q2 24 | 2.17× | 1.84× |
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
ACM
暂无分部数据
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
