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艾利丹尼森（AVY）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艾利丹尼森的1.9倍（$4.3B vs $2.3B），皇家加勒比集团净利率更高（17.7% vs 7.3%，领先10.4%），皇家加勒比集团同比增速更快（13.3% vs 7.0%），皇家加勒比集团自由现金流更多（$116.0M vs $104.4M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 1.4%）
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
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。
AVY vs RCL — 直观对比
营收规模更大
RCL
是对方的1.9倍
$2.3B
营收增速更快
RCL
高出6.3%
7.0%
净利率更高
RCL
高出10.4%
7.3%
自由现金流更多
RCL
多$11.6M
$104.4M
两年增速更快
RCL
近两年复合增速
1.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $4.3B |
| 净利润 | $168.1M | $753.0M |
| 毛利率 | 28.9% | 47.4% |
| 营业利润率 | 10.7% | 21.9% |
| 净利率 | 7.3% | 17.7% |
| 营收同比 | 7.0% | 13.3% |
| 净利润同比 | 1.1% | 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AVYRCL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $4.3B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.2B | $4.5B | ||
| Q1 25 | $2.1B | $4.0B | ||
| Q4 24 | $2.2B | $3.8B | ||
| Q3 24 | $2.2B | $4.9B | ||
| Q2 24 | $2.2B | $4.1B |
净利润AVYRCL
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $753.0M | ||
| Q3 25 | $166.3M | $1.6B | ||
| Q2 25 | $189.0M | $1.2B | ||
| Q1 25 | $166.3M | $730.0M | ||
| Q4 24 | $174.0M | $552.0M | ||
| Q3 24 | $181.7M | $1.1B | ||
| Q2 24 | $176.8M | $854.0M |
毛利率AVYRCL
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | 47.4% | ||
| Q3 25 | 28.7% | 51.8% | ||
| Q2 25 | 28.8% | 49.7% | ||
| Q1 25 | 28.9% | 48.0% | ||
| Q4 24 | 27.9% | 45.4% | ||
| Q3 24 | 28.7% | 51.1% | ||
| Q2 24 | 29.6% | 47.6% |
营业利润率AVYRCL
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 21.9% | ||
| Q3 25 | 10.6% | 33.1% | ||
| Q2 25 | 11.5% | 29.3% | ||
| Q1 25 | 10.6% | 23.6% | ||
| Q4 24 | 11.0% | 16.6% | ||
| Q3 24 | 11.0% | 33.4% | ||
| Q2 24 | 10.7% | 26.7% |
净利率AVYRCL
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 17.7% | ||
| Q3 25 | 7.5% | 30.6% | ||
| Q2 25 | 8.5% | 26.7% | ||
| Q1 25 | 7.7% | 18.3% | ||
| Q4 24 | 8.0% | 14.7% | ||
| Q3 24 | 8.3% | 22.7% | ||
| Q2 24 | 7.9% | 20.8% |
每股收益（稀释后）AVYRCL
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $2.76 | ||
| Q3 25 | $2.13 | $5.74 | ||
| Q2 25 | $2.41 | $4.41 | ||
| Q1 25 | $2.09 | $2.70 | ||
| Q4 24 | $2.17 | $2.27 | ||
| Q3 24 | $2.25 | $4.21 | ||
| Q2 24 | $2.18 | $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 | $255.1M | $825.0M |
| 总债务越低越好 | $3.2B | $18.2B |
| 股东权益账面价值 | $2.3B | $10.0B |
| 总资产 | $9.0B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.38× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资AVYRCL
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $825.0M | ||
| Q3 25 | $536.3M | $432.0M | ||
| Q2 25 | $215.9M | $735.0M | ||
| Q1 25 | $195.9M | $386.0M | ||
| Q4 24 | $329.1M | $388.0M | ||
| Q3 24 | $212.7M | $418.0M | ||
| Q2 24 | $208.8M | $391.0M |
总债务AVYRCL
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $18.2B | ||
| Q3 25 | $3.2B | $17.2B | ||
| Q2 25 | $2.6B | $17.6B | ||
| Q1 25 | $2.6B | $18.0B | ||
| Q4 24 | $2.6B | $18.5B | ||
| Q3 24 | $2.0B | $19.0B | ||
| Q2 24 | $2.0B | $19.8B |
股东权益AVYRCL
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $10.0B | ||
| Q3 25 | $2.2B | $10.1B | ||
| Q2 25 | $2.2B | $9.2B | ||
| Q1 25 | $2.2B | $8.0B | ||
| Q4 24 | $2.3B | $7.6B | ||
| Q3 24 | $2.4B | $7.0B | ||
| Q2 24 | $2.3B | $6.0B |
总资产AVYRCL
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $41.6B | ||
| Q3 25 | $8.9B | $40.1B | ||
| Q2 25 | $8.6B | $38.5B | ||
| Q1 25 | $8.4B | $37.5B | ||
| Q4 24 | $8.4B | $37.1B | ||
| Q3 24 | $8.5B | $37.1B | ||
| Q2 24 | $8.3B | $37.0B |
负债/权益比AVYRCL
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 1.81× | ||
| Q3 25 | 1.45× | 1.70× | ||
| Q2 25 | 1.19× | 1.92× | ||
| Q1 25 | 1.19× | 2.26× | ||
| Q4 24 | 1.11× | 2.44× | ||
| Q3 24 | 0.85× | 2.69× | ||
| Q2 24 | 0.89× | 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 | — | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $104.4M | $116.0M |
| 自由现金流率自由现金流/营收 | 4.5% | 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 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $869.1M | $1.2B |
8季度趋势，按日历期对齐
经营现金流AVYRCL
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $1.6B | ||
| Q3 25 | $312.1M | $1.5B | ||
| Q2 25 | $208.8M | $1.7B | ||
| Q1 25 | $-16.3M | $1.6B | ||
| Q4 24 | $351.2M | $1.5B | ||
| Q3 24 | $270.1M | $897.0M | ||
| Q2 24 | $197.7M | $1.6B |
自由现金流AVYRCL
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $116.0M | ||
| Q3 25 | $276.2M | $-989.0M | ||
| Q2 25 | $178.8M | $910.0M | ||
| Q1 25 | $-52.3M | $1.2B | ||
| Q4 24 | $281.7M | $915.0M | ||
| Q3 24 | $227.1M | $563.0M | ||
| Q2 24 | $150.2M | $-567.0M |
自由现金流率AVYRCL
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 2.7% | ||
| Q3 25 | 12.5% | -19.2% | ||
| Q2 25 | 8.1% | 20.1% | ||
| Q1 25 | -2.4% | 30.0% | ||
| Q4 24 | 12.9% | 24.3% | ||
| Q3 24 | 10.4% | 11.5% | ||
| Q2 24 | 6.7% | -13.8% |
资本支出强度AVYRCL
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 35.4% | ||
| Q3 25 | 1.6% | 47.8% | ||
| Q2 25 | 1.4% | 18.4% | ||
| Q1 25 | 1.7% | 10.7% | ||
| Q4 24 | 3.2% | 14.7% | ||
| Q3 24 | 2.0% | 6.8% | ||
| Q2 24 | 2.1% | 52.1% |
现金转化率AVYRCL
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 2.16× | ||
| Q3 25 | 1.88× | 0.93× | ||
| Q2 25 | 1.10× | 1.44× | ||
| Q1 25 | -0.10× | 2.23× | ||
| Q4 24 | 2.02× | 2.66× | ||
| Q3 24 | 1.49× | 0.81× | ||
| Q2 24 | 1.12× | 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
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
