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Amentum Holdings, Inc.（AMTM）与嘉年华集团（CCL）财务数据对比。点击上方公司名可切换其他公司
嘉年华集团的季度营收约是Amentum Holdings, Inc.的2.0倍（$6.3B vs $3.2B），嘉年华集团净利率更高（6.6% vs 1.4%，领先5.3%），嘉年华集团同比增速更快（6.6% vs -5.2%），嘉年华集团自由现金流更多（$12.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 8.2%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
嘉年华集团是全球规模最大的休闲旅游集团，核心业务为邮轮运营，旗下拥有多个全球知名邮轮品牌，每年服务数百万乘客，提供覆盖住宿、餐饮、娱乐、岸上观光的一站式度假体验，航线遍布全球热门目的地。
AMTM vs CCL — 直观对比
营收规模更大
CCL
是对方的2.0倍
$3.2B
营收增速更快
CCL
高出11.9%
-5.2%
净利率更高
CCL
高出5.3%
1.4%
自由现金流更多
CCL
多$154.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
8.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $6.3B |
| 净利润 | $44.0M | $421.0M |
| 毛利率 | 10.1% | — |
| 营业利润率 | 4.3% | 11.6% |
| 净利率 | 1.4% | 6.6% |
| 营收同比 | -5.2% | 6.6% |
| 净利润同比 | 266.7% | 38.9% |
| 每股收益（稀释后） | $0.18 | $0.33 |
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AMTMCCL
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $6.3B | ||
| Q3 25 | — | $8.2B | ||
| Q2 25 | $3.6B | $6.3B | ||
| Q1 25 | $3.5B | $5.8B | ||
| Q4 24 | $3.4B | $5.9B | ||
| Q3 24 | $2.2B | $7.9B | ||
| Q2 24 | $2.1B | $5.8B |
净利润AMTMCCL
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $421.0M | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $10.0M | $565.0M | ||
| Q1 25 | $4.0M | $-78.0M | ||
| Q4 24 | $12.0M | $303.0M | ||
| Q3 24 | $26.0M | $1.7B | ||
| Q2 24 | $-26.0M | $92.0M |
毛利率AMTMCCL
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | — | 46.2% | ||
| Q2 25 | 10.3% | 38.6% | ||
| Q1 25 | 10.5% | 35.2% | ||
| Q4 24 | 10.6% | 35.5% | ||
| Q3 24 | 9.0% | 45.5% | ||
| Q2 24 | 9.6% | 34.3% |
营业利润率AMTMCCL
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 11.6% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | 2.9% | 14.8% | ||
| Q1 25 | 3.2% | 9.3% | ||
| Q4 24 | 3.9% | 9.4% | ||
| Q3 24 | 1.2% | 27.6% | ||
| Q2 24 | 4.2% | 9.7% |
净利率AMTMCCL
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 6.6% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | 0.3% | 8.9% | ||
| Q1 25 | 0.1% | -1.3% | ||
| Q4 24 | 0.4% | 5.1% | ||
| Q3 24 | 1.2% | 22.0% | ||
| Q2 24 | -1.2% | 1.6% |
每股收益（稀释后）AMTMCCL
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $0.33 | ||
| Q3 25 | — | $1.33 | ||
| Q2 25 | $0.04 | $0.42 | ||
| Q1 25 | $0.02 | $-0.06 | ||
| Q4 24 | $0.05 | $0.28 | ||
| Q3 24 | $0.31 | $1.26 | ||
| Q2 24 | $-0.29 | $0.07 |
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 | $247.0M | $1.9B |
| 总债务越低越好 | $3.9B | $27.4B |
| 股东权益账面价值 | $4.6B | $12.3B |
| 总资产 | $11.2B | $51.7B |
| 负债/权益比越低杠杆越低 | 0.86× | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资AMTMCCL
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $1.9B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $738.0M | $2.1B | ||
| Q1 25 | $546.0M | $833.0M | ||
| Q4 24 | $522.0M | $1.2B | ||
| Q3 24 | $452.0M | $1.5B | ||
| Q2 24 | — | $1.6B |
总债务AMTMCCL
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $27.4B | ||
| Q3 25 | — | $27.2B | ||
| Q2 25 | $4.5B | $28.0B | ||
| Q1 25 | $4.7B | $27.7B | ||
| Q4 24 | $4.7B | $28.2B | ||
| Q3 24 | $4.7B | $29.6B | ||
| Q2 24 | — | $30.2B |
股东权益AMTMCCL
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $12.3B | ||
| Q3 25 | — | $11.9B | ||
| Q2 25 | $4.5B | $10.0B | ||
| Q1 25 | $4.4B | $9.2B | ||
| Q4 24 | $4.5B | $9.3B | ||
| Q3 24 | $4.5B | $8.6B | ||
| Q2 24 | $303.0M | $6.8B |
总资产AMTMCCL
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $51.7B | ||
| Q3 25 | — | $50.8B | ||
| Q2 25 | $11.8B | $51.2B | ||
| Q1 25 | $12.0B | $48.5B | ||
| Q4 24 | $11.9B | $49.1B | ||
| Q3 24 | $12.0B | $49.8B | ||
| Q2 24 | — | $49.6B |
负债/权益比AMTMCCL
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 2.23× | ||
| Q3 25 | — | 2.28× | ||
| Q2 25 | 1.01× | 2.79× | ||
| Q1 25 | 1.06× | 3.02× | ||
| Q4 24 | 1.05× | 3.05× | ||
| Q3 24 | 1.05× | 3.45× | ||
| Q2 24 | — | 4.43× |
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 | $-136.0M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $12.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 0.2% |
| 资本支出强度资本支出/营收 | 0.2% | 23.8% |
| 现金转化率经营现金流/净利润 | -3.09× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $2.6B |
8季度趋势，按日历期对齐
经营现金流AMTMCCL
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $1.5B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | $106.0M | $2.4B | ||
| Q1 25 | $57.0M | $925.0M | ||
| Q4 24 | $110.0M | $911.0M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $2.0B |
自由现金流AMTMCCL
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $12.0M | ||
| Q3 25 | — | $736.0M | ||
| Q2 25 | $100.0M | $1.5B | ||
| Q1 25 | $53.0M | $318.0M | ||
| Q4 24 | $102.0M | $319.0M | ||
| Q3 24 | — | $628.0M | ||
| Q2 24 | — | $720.0M |
自由现金流率AMTMCCL
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 0.2% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | 2.8% | 24.4% | ||
| Q1 25 | 1.5% | 5.5% | ||
| Q4 24 | 3.0% | 5.4% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 12.5% |
资本支出强度AMTMCCL
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 23.8% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | 0.2% | 13.4% | ||
| Q1 25 | 0.1% | 10.4% | ||
| Q4 24 | 0.2% | 10.0% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 22.8% |
现金转化率AMTMCCL
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 3.61× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | 10.60× | 4.23× | ||
| Q1 25 | 14.25× | — | ||
| Q4 24 | 9.17× | 3.01× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 22.16× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
