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应用材料（AMAT）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
应用材料的季度营收约是皇家加勒比集团的1.6倍（$6.8B vs $4.3B），应用材料净利率更高（27.9% vs 17.9%，领先10.0%），皇家加勒比集团同比增速更快（13.2% vs -3.5%），过去两年皇家加勒比集团的营收复合增速更高（1.8% vs 0.7%）
应用材料是总部位于美国加利福尼亚州圣克拉拉的企业，为全球第二大半导体设备供应商，主营半导体芯片、消费电子平板显示、太阳能产品制造所需的设备、服务及软件，同时供应柔性电子、封装等领域的涂层生产设备。
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。
AMAT vs RCL — 直观对比
营收规模更大
AMAT
是对方的1.6倍
$4.3B
营收增速更快
RCL
高出16.7%
-3.5%
净利率更高
AMAT
高出10.0%
17.9%
两年增速更快
RCL
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $4.3B |
| 净利润 | $1.9B | $762.0M |
| 毛利率 | 48.0% | — |
| 营业利润率 | 25.2% | 21.9% |
| 净利率 | 27.9% | 17.9% |
| 营收同比 | -3.5% | 13.2% |
| 净利润同比 | 9.6% | 36.3% |
| 每股收益（稀释后） | $2.36 | $2.76 |
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AMATRCL
| Q1 26 | — | $4.3B | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $7.3B | $5.1B | ||
| Q2 25 | $7.1B | $4.5B | ||
| Q1 25 | $7.2B | $4.0B | ||
| Q4 24 | $7.0B | $3.8B | ||
| Q3 24 | $6.8B | $4.9B | ||
| Q2 24 | $6.6B | $4.1B |
净利润AMATRCL
| Q1 26 | — | $762.0M | ||
| Q4 25 | $1.9B | $753.0M | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $1.2B | $730.0M | ||
| Q4 24 | $1.7B | $552.0M | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.7B | $854.0M |
毛利率AMATRCL
| Q1 26 | — | — | ||
| Q4 25 | 48.0% | 47.4% | ||
| Q3 25 | 48.8% | 51.8% | ||
| Q2 25 | 49.1% | 49.7% | ||
| Q1 25 | 48.8% | 48.0% | ||
| Q4 24 | 47.3% | 45.4% | ||
| Q3 24 | 47.3% | 51.1% | ||
| Q2 24 | 47.4% | 47.6% |
营业利润率AMATRCL
| Q1 26 | — | 21.9% | ||
| Q4 25 | 25.2% | 21.9% | ||
| Q3 25 | 30.6% | 33.1% | ||
| Q2 25 | 30.5% | 29.3% | ||
| Q1 25 | 30.4% | 23.6% | ||
| Q4 24 | 29.0% | 16.6% | ||
| Q3 24 | 28.7% | 33.4% | ||
| Q2 24 | 28.8% | 26.7% |
净利率AMATRCL
| Q1 26 | — | 17.9% | ||
| Q4 25 | 27.9% | 17.7% | ||
| Q3 25 | 24.4% | 30.6% | ||
| Q2 25 | 30.1% | 26.7% | ||
| Q1 25 | 16.5% | 18.3% | ||
| Q4 24 | 24.6% | 14.7% | ||
| Q3 24 | 25.2% | 22.7% | ||
| Q2 24 | 25.9% | 20.8% |
每股收益（稀释后）AMATRCL
| Q1 26 | — | $2.76 | ||
| Q4 25 | $2.36 | $2.76 | ||
| Q3 25 | $2.22 | $5.74 | ||
| Q2 25 | $2.63 | $4.41 | ||
| Q1 25 | $1.45 | $2.70 | ||
| Q4 24 | $2.09 | $2.27 | ||
| Q3 24 | $2.05 | $4.21 | ||
| Q2 24 | $2.06 | $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 | $8.6B | $825.0M |
| 总债务越低越好 | — | $21.3B |
| 股东权益账面价值 | $20.4B | $10.2B |
| 总资产 | $36.3B | $41.6B |
| 负债/权益比越低杠杆越低 | — | 2.08× |
8季度趋势，按日历期对齐
现金及短期投资AMATRCL
| Q1 26 | — | $825.0M | ||
| Q4 25 | $8.6B | $825.0M | ||
| Q3 25 | $7.0B | $432.0M | ||
| Q2 25 | $6.7B | $735.0M | ||
| Q1 25 | $8.2B | $386.0M | ||
| Q4 24 | $9.5B | $388.0M | ||
| Q3 24 | $9.1B | $418.0M | ||
| Q2 24 | $7.6B | $391.0M |
总债务AMATRCL
| Q1 26 | — | $21.3B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益AMATRCL
| Q1 26 | — | $10.2B | ||
| Q4 25 | $20.4B | $10.0B | ||
| Q3 25 | $19.5B | $10.1B | ||
| Q2 25 | $19.0B | $9.2B | ||
| Q1 25 | $18.6B | $8.0B | ||
| Q4 24 | $19.0B | $7.6B | ||
| Q3 24 | $18.8B | $7.0B | ||
| Q2 24 | $18.2B | $6.0B |
总资产AMATRCL
| Q1 26 | — | $41.6B | ||
| Q4 25 | $36.3B | $41.6B | ||
| Q3 25 | $34.2B | $40.1B | ||
| Q2 25 | $33.6B | $38.5B | ||
| Q1 25 | $33.3B | $37.5B | ||
| Q4 24 | $34.4B | $37.1B | ||
| Q3 24 | $33.6B | $37.1B | ||
| Q2 24 | $31.9B | $37.0B |
负债/权益比AMATRCL
| Q1 26 | — | 2.08× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 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 | $2.8B | $6.5B |
| 自由现金流经营现金流 - 资本支出 | $2.0B | — |
| 自由现金流率自由现金流/营收 | 30.0% | — |
| 资本支出强度资本支出/营收 | 11.5% | — |
| 现金转化率经营现金流/净利润 | 1.49× | 8.48× |
| 过去12个月自由现金流最近4个季度 | $5.7B | — |
8季度趋势，按日历期对齐
经营现金流AMATRCL
| Q1 26 | — | $6.5B | ||
| Q4 25 | $2.8B | $1.6B | ||
| Q3 25 | $2.6B | $1.5B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $925.0M | $1.6B | ||
| Q4 24 | $2.6B | $1.5B | ||
| Q3 24 | $2.4B | $897.0M | ||
| Q2 24 | $1.4B | $1.6B |
自由现金流AMATRCL
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $116.0M | ||
| Q3 25 | $2.0B | $-989.0M | ||
| Q2 25 | $1.1B | $910.0M | ||
| Q1 25 | $544.0M | $1.2B | ||
| Q4 24 | $2.2B | $915.0M | ||
| Q3 24 | $2.1B | $563.0M | ||
| Q2 24 | $1.1B | $-567.0M |
自由现金流率AMATRCL
| Q1 26 | — | — | ||
| Q4 25 | 30.0% | 2.7% | ||
| Q3 25 | 28.1% | -19.2% | ||
| Q2 25 | 14.9% | 20.1% | ||
| Q1 25 | 7.6% | 30.0% | ||
| Q4 24 | 30.8% | 24.3% | ||
| Q3 24 | 30.8% | 11.5% | ||
| Q2 24 | 17.1% | -13.8% |
资本支出强度AMATRCL
| Q1 26 | — | — | ||
| Q4 25 | 11.5% | 35.4% | ||
| Q3 25 | 8.0% | 47.8% | ||
| Q2 25 | 7.2% | 18.4% | ||
| Q1 25 | 5.3% | 10.7% | ||
| Q4 24 | 5.8% | 14.7% | ||
| Q3 24 | 4.4% | 6.8% | ||
| Q2 24 | 3.9% | 52.1% |
现金转化率AMATRCL
| Q1 26 | — | 8.48× | ||
| Q4 25 | 1.49× | 2.16× | ||
| Q3 25 | 1.48× | 0.93× | ||
| Q2 25 | 0.74× | 1.44× | ||
| Q1 25 | 0.78× | 2.23× | ||
| Q4 24 | 1.49× | 2.66× | ||
| Q3 24 | 1.40× | 0.81× | ||
| Q2 24 | 0.81× | 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
AMAT
| Semiconductor Systems Segment | $4.8B | 70% |
| Applied Global Services Segment | $1.6B | 24% |
| Other | $415.0M | 6% |
RCL
暂无分部数据
