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Athene Holding Ltd.（ATHS）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
Athene Holding Ltd.的季度营收约是皇家加勒比集团的1.9倍（$8.1B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 6.4%，领先11.3%），Athene Holding Ltd.同比增速更快（115.1% vs 13.3%），过去两年Athene Holding Ltd.的营收复合增速更高（19.2% vs 6.9%）
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。
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。
ATHS vs RCL — 直观对比
营收规模更大
ATHS
是对方的1.9倍
$4.3B
营收增速更快
ATHS
高出101.8%
13.3%
净利率更高
RCL
高出11.3%
6.4%
两年增速更快
ATHS
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.1B | $4.3B |
| 净利润 | $523.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 16.9% | 21.9% |
| 净利率 | 6.4% | 17.7% |
| 营收同比 | 115.1% | 13.3% |
| 净利润同比 | -48.5% | 36.4% |
| 每股收益（稀释后） | — | $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ATHSRCL
| Q4 25 | $8.1B | $4.3B | ||
| Q3 25 | $8.0B | $5.1B | ||
| Q2 25 | $5.4B | $4.5B | ||
| Q1 25 | $4.2B | $4.0B | ||
| Q4 24 | $3.8B | $3.8B | ||
| Q3 24 | $6.5B | $4.9B | ||
| Q2 24 | $4.7B | $4.1B | ||
| Q1 24 | $5.7B | $3.7B |
净利润ATHSRCL
| Q4 25 | $523.0M | $753.0M | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | $464.0M | $1.2B | ||
| Q1 25 | $465.0M | $730.0M | ||
| Q4 24 | $1.0B | $552.0M | ||
| Q3 24 | $625.0M | $1.1B | ||
| Q2 24 | $629.0M | $854.0M | ||
| Q1 24 | $1.2B | $360.0M |
毛利率ATHSRCL
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% | ||
| Q1 24 | — | 44.8% |
营业利润率ATHSRCL
| Q4 25 | 16.9% | 21.9% | ||
| Q3 25 | 26.8% | 33.1% | ||
| Q2 25 | 12.2% | 29.3% | ||
| Q1 25 | 22.3% | 23.6% | ||
| Q4 24 | 30.4% | 16.6% | ||
| Q3 24 | 25.7% | 33.4% | ||
| Q2 24 | 22.0% | 26.7% | ||
| Q1 24 | 31.1% | 20.1% |
净利率ATHSRCL
| Q4 25 | 6.4% | 17.7% | ||
| Q3 25 | 15.7% | 30.6% | ||
| Q2 25 | 8.7% | 26.7% | ||
| Q1 25 | 11.1% | 18.3% | ||
| Q4 24 | 26.8% | 14.7% | ||
| Q3 24 | 9.6% | 22.7% | ||
| Q2 24 | 13.5% | 20.8% | ||
| Q1 24 | 20.8% | 9.7% |
每股收益（稀释后）ATHSRCL
| Q4 25 | — | $2.76 | ||
| Q3 25 | — | $5.74 | ||
| Q2 25 | — | $4.41 | ||
| Q1 25 | — | $2.70 | ||
| Q4 24 | — | $2.27 | ||
| Q3 24 | — | $4.21 | ||
| Q2 24 | — | $3.11 | ||
| Q1 24 | — | $1.35 |
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 | — | $825.0M |
| 总债务越低越好 | $7.8B | $18.2B |
| 股东权益账面价值 | $20.5B | $10.0B |
| 总资产 | $442.2B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.38× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资ATHSRCL
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M | ||
| Q1 24 | $15.3B | $437.0M |
总债务ATHSRCL
| Q4 25 | $7.8B | $18.2B | ||
| Q3 25 | $7.9B | $17.2B | ||
| Q2 25 | $7.9B | $17.6B | ||
| Q1 25 | $6.3B | $18.0B | ||
| Q4 24 | $6.3B | $18.5B | ||
| Q3 24 | $5.7B | $19.0B | ||
| Q2 24 | $5.7B | $19.8B | ||
| Q1 24 | $5.7B | $18.9B |
股东权益ATHSRCL
| Q4 25 | $20.5B | $10.0B | ||
| Q3 25 | $20.4B | $10.1B | ||
| Q2 25 | $18.1B | $9.2B | ||
| Q1 25 | $17.5B | $8.0B | ||
| Q4 24 | $16.4B | $7.6B | ||
| Q3 24 | $17.4B | $7.0B | ||
| Q2 24 | $15.0B | $6.0B | ||
| Q1 24 | $14.8B | $5.2B |
总资产ATHSRCL
| Q4 25 | $442.2B | $41.6B | ||
| Q3 25 | $429.9B | $40.1B | ||
| Q2 25 | $405.3B | $38.5B | ||
| Q1 25 | $381.5B | $37.5B | ||
| Q4 24 | $363.3B | $37.1B | ||
| Q3 24 | $355.0B | $37.1B | ||
| Q2 24 | $332.6B | $37.0B | ||
| Q1 24 | $320.6B | $35.2B |
负债/权益比ATHSRCL
| Q4 25 | 0.38× | 1.81× | ||
| Q3 25 | 0.38× | 1.70× | ||
| Q2 25 | 0.43× | 1.92× | ||
| Q1 25 | 0.36× | 2.26× | ||
| Q4 24 | 0.39× | 2.44× | ||
| Q3 24 | 0.33× | 2.69× | ||
| Q2 24 | 0.38× | 3.29× | ||
| Q1 24 | 0.39× | 3.66× |
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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | — | $116.0M |
| 自由现金流率自由现金流/营收 | — | 2.7% |
| 资本支出强度资本支出/营收 | — | 35.4% |
| 现金转化率经营现金流/净利润 | 5.82× | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流ATHSRCL
| Q4 25 | $3.0B | $1.6B | ||
| Q3 25 | $636.0M | $1.5B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $426.0M | $1.6B | ||
| Q4 24 | $386.0M | $1.5B | ||
| Q3 24 | $780.0M | $897.0M | ||
| Q2 24 | $525.0M | $1.6B | ||
| Q1 24 | $185.0M | $1.3B |
自由现金流ATHSRCL
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | — | $910.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M | ||
| Q1 24 | — | $1.1B |
自由现金流率ATHSRCL
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% | ||
| Q1 24 | — | 29.1% |
资本支出强度ATHSRCL
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% | ||
| Q1 24 | — | 6.5% |
现金转化率ATHSRCL
| Q4 25 | 5.82× | 2.16× | ||
| Q3 25 | 0.51× | 0.93× | ||
| Q2 25 | 2.28× | 1.44× | ||
| Q1 25 | 0.92× | 2.23× | ||
| Q4 24 | 0.38× | 2.66× | ||
| Q3 24 | 1.25× | 0.81× | ||
| Q2 24 | 0.83× | 1.84× | ||
| Q1 24 | 0.16× | 3.69× |
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
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
