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Athene Holding Ltd.（ATHS）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
Athene Holding Ltd.的季度营收约是嘉年华集团的1.3倍（$8.1B vs $6.3B），嘉年华集团净利率更高（6.6% vs 6.4%，领先0.2%），Athene Holding Ltd.同比增速更快（115.1% vs 6.6%），过去两年Athene Holding Ltd.的营收复合增速更高（19.2% vs 8.2%）
Athene Holding Ltd.是一家领先的退休服务提供商，主要面向美国市场的个人消费者及机构客户提供固定年金、指数年金、可变年金及定制退休储蓄解决方案，帮助客户实现退休后的长期财务稳定。
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。
ATHS vs CCL — 直观对比
营收规模更大
ATHS
是对方的1.3倍
$6.3B
营收增速更快
ATHS
高出108.5%
6.6%
净利率更高
CCL
高出0.2%
6.4%
两年增速更快
ATHS
近两年复合增速
8.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.1B | $6.3B |
| 净利润 | $523.0M | $421.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.9% | 11.6% |
| 净利率 | 6.4% | 6.6% |
| 营收同比 | 115.1% | 6.6% |
| 净利润同比 | -48.5% | 38.9% |
| 每股收益（稀释后） | — | $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ATHSCCL
| Q4 25 | $8.1B | $6.3B | ||
| Q3 25 | $8.0B | $8.2B | ||
| Q2 25 | $5.4B | $6.3B | ||
| Q1 25 | $4.2B | $5.8B | ||
| Q4 24 | $3.8B | $5.9B | ||
| Q3 24 | $6.5B | $7.9B | ||
| Q2 24 | $4.7B | $5.8B | ||
| Q1 24 | $5.7B | $5.4B |
净利润ATHSCCL
| Q4 25 | $523.0M | $421.0M | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $464.0M | $565.0M | ||
| Q1 25 | $465.0M | $-78.0M | ||
| Q4 24 | $1.0B | $303.0M | ||
| Q3 24 | $625.0M | $1.7B | ||
| Q2 24 | $629.0M | $92.0M | ||
| Q1 24 | $1.2B | $-214.0M |
毛利率ATHSCCL
| Q4 25 | — | — | ||
| Q3 25 | — | 46.2% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 45.5% | ||
| Q2 24 | — | 34.3% | ||
| Q1 24 | — | 31.5% |
营业利润率ATHSCCL
| Q4 25 | 16.9% | 11.6% | ||
| Q3 25 | 26.8% | 27.9% | ||
| Q2 25 | 12.2% | 14.8% | ||
| Q1 25 | 22.3% | 9.3% | ||
| Q4 24 | 30.4% | 9.4% | ||
| Q3 24 | 25.7% | 27.6% | ||
| Q2 24 | 22.0% | 9.7% | ||
| Q1 24 | 31.1% | 5.1% |
净利率ATHSCCL
| Q4 25 | 6.4% | 6.6% | ||
| Q3 25 | 15.7% | 22.7% | ||
| Q2 25 | 8.7% | 8.9% | ||
| Q1 25 | 11.1% | -1.3% | ||
| Q4 24 | 26.8% | 5.1% | ||
| Q3 24 | 9.6% | 22.0% | ||
| Q2 24 | 13.5% | 1.6% | ||
| Q1 24 | 20.8% | -4.0% |
每股收益（稀释后）ATHSCCL
| Q4 25 | — | $0.33 | ||
| Q3 25 | — | $1.33 | ||
| Q2 25 | — | $0.42 | ||
| Q1 25 | — | $-0.06 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $1.26 | ||
| Q2 24 | — | $0.07 | ||
| Q1 24 | — | $-0.17 |
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 | — | $1.9B |
| 总债务越低越好 | $7.8B | $27.4B |
| 股东权益账面价值 | $20.5B | $12.3B |
| 总资产 | $442.2B | $51.7B |
| 负债/权益比越低杠杆越低 | 0.38× | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资ATHSCCL
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $833.0M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B | ||
| Q1 24 | $15.3B | $2.2B |
总债务ATHSCCL
| Q4 25 | $7.8B | $27.4B | ||
| Q3 25 | $7.9B | $27.2B | ||
| Q2 25 | $7.9B | $28.0B | ||
| Q1 25 | $6.3B | $27.7B | ||
| Q4 24 | $6.3B | $28.2B | ||
| Q3 24 | $5.7B | $29.6B | ||
| Q2 24 | $5.7B | $30.2B | ||
| Q1 24 | $5.7B | $31.6B |
股东权益ATHSCCL
| Q4 25 | $20.5B | $12.3B | ||
| Q3 25 | $20.4B | $11.9B | ||
| Q2 25 | $18.1B | $10.0B | ||
| Q1 25 | $17.5B | $9.2B | ||
| Q4 24 | $16.4B | $9.3B | ||
| Q3 24 | $17.4B | $8.6B | ||
| Q2 24 | $15.0B | $6.8B | ||
| Q1 24 | $14.8B | $6.7B |
总资产ATHSCCL
| Q4 25 | $442.2B | $51.7B | ||
| Q3 25 | $429.9B | $50.8B | ||
| Q2 25 | $405.3B | $51.2B | ||
| Q1 25 | $381.5B | $48.5B | ||
| Q4 24 | $363.3B | $49.1B | ||
| Q3 24 | $355.0B | $49.8B | ||
| Q2 24 | $332.6B | $49.6B | ||
| Q1 24 | $320.6B | $49.8B |
负债/权益比ATHSCCL
| Q4 25 | 0.38× | 2.23× | ||
| Q3 25 | 0.38× | 2.28× | ||
| Q2 25 | 0.43× | 2.79× | ||
| Q1 25 | 0.36× | 3.02× | ||
| Q4 24 | 0.39× | 3.05× | ||
| Q3 24 | 0.33× | 3.45× | ||
| Q2 24 | 0.38× | 4.43× | ||
| Q1 24 | 0.39× | 4.72× |
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 | $3.0B | $1.5B |
| 自由现金流经营现金流 - 资本支出 | — | $12.0M |
| 自由现金流率自由现金流/营收 | — | 0.2% |
| 资本支出强度资本支出/营收 | — | 23.8% |
| 现金转化率经营现金流/净利润 | 5.82× | 3.61× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流ATHSCCL
| Q4 25 | $3.0B | $1.5B | ||
| Q3 25 | $636.0M | $1.4B | ||
| Q2 25 | $1.1B | $2.4B | ||
| Q1 25 | $426.0M | $925.0M | ||
| Q4 24 | $386.0M | $911.0M | ||
| Q3 24 | $780.0M | $1.2B | ||
| Q2 24 | $525.0M | $2.0B | ||
| Q1 24 | $185.0M | $1.8B |
自由现金流ATHSCCL
| Q4 25 | — | $12.0M | ||
| Q3 25 | — | $736.0M | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $318.0M | ||
| Q4 24 | — | $319.0M | ||
| Q3 24 | — | $628.0M | ||
| Q2 24 | — | $720.0M | ||
| Q1 24 | — | $-370.0M |
自由现金流率ATHSCCL
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | -6.8% |
资本支出强度ATHSCCL
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 39.5% |
现金转化率ATHSCCL
| Q4 25 | 5.82× | 3.61× | ||
| Q3 25 | 0.51× | 0.75× | ||
| Q2 25 | 2.28× | 4.23× | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | 0.38× | 3.01× | ||
| Q3 24 | 1.25× | 0.69× | ||
| Q2 24 | 0.83× | 22.16× | ||
| Q1 24 | 0.16× | — |
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
ATHS
暂无分部数据
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
