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Amentum Holdings, Inc.（AMTM）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Amentum Holdings, Inc.的1.3倍（$4.3B vs $3.2B），皇家加勒比集团净利率更高（17.7% vs 1.4%，领先16.3%），皇家加勒比集团同比增速更快（13.3% vs -5.2%），皇家加勒比集团自由现金流更多（$116.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 6.9%）
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。
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。
AMTM vs RCL — 直观对比
营收规模更大
RCL
是对方的1.3倍
$3.2B
营收增速更快
RCL
高出18.5%
-5.2%
净利率更高
RCL
高出16.3%
1.4%
自由现金流更多
RCL
多$258.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.3B |
| 净利润 | $44.0M | $753.0M |
| 毛利率 | 10.1% | 47.4% |
| 营业利润率 | 4.3% | 21.9% |
| 净利率 | 1.4% | 17.7% |
| 营收同比 | -5.2% | 13.3% |
| 净利润同比 | 266.7% | 36.4% |
| 每股收益（稀释后） | $0.18 | $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AMTMRCL
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $4.3B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | $3.6B | $4.5B | ||
| Q1 25 | $3.5B | $4.0B | ||
| Q4 24 | $3.4B | $3.8B | ||
| Q3 24 | $2.2B | $4.9B | ||
| Q2 24 | $2.1B | $4.1B |
净利润AMTMRCL
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $753.0M | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $10.0M | $1.2B | ||
| Q1 25 | $4.0M | $730.0M | ||
| Q4 24 | $12.0M | $552.0M | ||
| Q3 24 | $26.0M | $1.1B | ||
| Q2 24 | $-26.0M | $854.0M |
毛利率AMTMRCL
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | 10.3% | 49.7% | ||
| Q1 25 | 10.5% | 48.0% | ||
| Q4 24 | 10.6% | 45.4% | ||
| Q3 24 | 9.0% | 51.1% | ||
| Q2 24 | 9.6% | 47.6% |
营业利润率AMTMRCL
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 21.9% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | 2.9% | 29.3% | ||
| Q1 25 | 3.2% | 23.6% | ||
| Q4 24 | 3.9% | 16.6% | ||
| Q3 24 | 1.2% | 33.4% | ||
| Q2 24 | 4.2% | 26.7% |
净利率AMTMRCL
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 17.7% | ||
| Q3 25 | — | 30.6% | ||
| Q2 25 | 0.3% | 26.7% | ||
| Q1 25 | 0.1% | 18.3% | ||
| Q4 24 | 0.4% | 14.7% | ||
| Q3 24 | 1.2% | 22.7% | ||
| Q2 24 | -1.2% | 20.8% |
每股收益（稀释后）AMTMRCL
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $2.76 | ||
| Q3 25 | — | $5.74 | ||
| Q2 25 | $0.04 | $4.41 | ||
| Q1 25 | $0.02 | $2.70 | ||
| Q4 24 | $0.05 | $2.27 | ||
| Q3 24 | $0.31 | $4.21 | ||
| Q2 24 | $-0.29 | $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 | $247.0M | $825.0M |
| 总债务越低越好 | $3.9B | $18.2B |
| 股东权益账面价值 | $4.6B | $10.0B |
| 总资产 | $11.2B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.86× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资AMTMRCL
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | $738.0M | $735.0M | ||
| Q1 25 | $546.0M | $386.0M | ||
| Q4 24 | $522.0M | $388.0M | ||
| Q3 24 | $452.0M | $418.0M | ||
| Q2 24 | — | $391.0M |
总债务AMTMRCL
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | $4.5B | $17.6B | ||
| Q1 25 | $4.7B | $18.0B | ||
| Q4 24 | $4.7B | $18.5B | ||
| Q3 24 | $4.7B | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益AMTMRCL
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $10.0B | ||
| Q3 25 | — | $10.1B | ||
| Q2 25 | $4.5B | $9.2B | ||
| Q1 25 | $4.4B | $8.0B | ||
| Q4 24 | $4.5B | $7.6B | ||
| Q3 24 | $4.5B | $7.0B | ||
| Q2 24 | $303.0M | $6.0B |
总资产AMTMRCL
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $41.6B | ||
| Q3 25 | — | $40.1B | ||
| Q2 25 | $11.8B | $38.5B | ||
| Q1 25 | $12.0B | $37.5B | ||
| Q4 24 | $11.9B | $37.1B | ||
| Q3 24 | $12.0B | $37.1B | ||
| Q2 24 | — | $37.0B |
负债/权益比AMTMRCL
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | 1.01× | 1.92× | ||
| Q1 25 | 1.06× | 2.26× | ||
| Q4 24 | 1.05× | 2.44× | ||
| Q3 24 | 1.05× | 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 | $-136.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $116.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 2.7% |
| 资本支出强度资本支出/营收 | 0.2% | 35.4% |
| 现金转化率经营现金流/净利润 | -3.09× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流AMTMRCL
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | $106.0M | $1.7B | ||
| Q1 25 | $57.0M | $1.6B | ||
| Q4 24 | $110.0M | $1.5B | ||
| Q3 24 | — | $897.0M | ||
| Q2 24 | — | $1.6B |
自由现金流AMTMRCL
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | $100.0M | $910.0M | ||
| Q1 25 | $53.0M | $1.2B | ||
| Q4 24 | $102.0M | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M |
自由现金流率AMTMRCL
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | 2.8% | 20.1% | ||
| Q1 25 | 1.5% | 30.0% | ||
| Q4 24 | 3.0% | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% |
资本支出强度AMTMRCL
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | 0.2% | 18.4% | ||
| Q1 25 | 0.1% | 10.7% | ||
| Q4 24 | 0.2% | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% |
现金转化率AMTMRCL
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | 10.60× | 1.44× | ||
| Q1 25 | 14.25× | 2.23× | ||
| Q4 24 | 9.17× | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 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
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% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
