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波尔公司（BALL）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波尔公司的1.9倍（$6.3B vs $3.3B），嘉年华集团净利率更高（6.6% vs 6.0%，领先0.7%），波尔公司同比增速更快（16.2% vs 6.6%），波尔公司自由现金流更多（$1.0B vs $12.0M），过去两年嘉年华集团的营收复合增速更高（8.2% vs 7.9%）
波尔公司是全球领先的可持续铝制包装解决方案供应商，为饮料、个护、家居产品领域的品牌提供创新包装产品，同时旗下航空航天板块为政府及商业客户提供先进技术、系统与相关服务，全业务线高度重视环保责任与产品可靠性。
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。
BALL vs CCL — 直观对比
营收规模更大
CCL
是对方的1.9倍
$3.3B
营收增速更快
BALL
高出9.6%
6.6%
净利率更高
CCL
高出0.7%
6.0%
自由现金流更多
BALL
多$1.0B
$12.0M
两年增速更快
CCL
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $6.3B |
| 净利润 | $200.0M | $421.0M |
| 毛利率 | — | — |
| 营业利润率 | 7.2% | 11.6% |
| 净利率 | 6.0% | 6.6% |
| 营收同比 | 16.2% | 6.6% |
| 净利润同比 | 766.7% | 38.9% |
| 每股收益（稀释后） | $0.73 | $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BALLCCL
| Q4 25 | $3.3B | $6.3B | ||
| Q3 25 | $3.4B | $8.2B | ||
| Q2 25 | $3.3B | $6.3B | ||
| Q1 25 | $3.1B | $5.8B | ||
| Q4 24 | $2.9B | $5.9B | ||
| Q3 24 | $3.1B | $7.9B | ||
| Q2 24 | $3.0B | $5.8B | ||
| Q1 24 | $2.9B | $5.4B |
净利润BALLCCL
| Q4 25 | $200.0M | $421.0M | ||
| Q3 25 | $321.0M | $1.9B | ||
| Q2 25 | $215.0M | $565.0M | ||
| Q1 25 | $179.0M | $-78.0M | ||
| Q4 24 | $-30.0M | $303.0M | ||
| Q3 24 | $199.0M | $1.7B | ||
| Q2 24 | $159.0M | $92.0M | ||
| Q1 24 | $3.7B | $-214.0M |
毛利率BALLCCL
| Q4 25 | — | — | ||
| Q3 25 | — | 46.2% | ||
| Q2 25 | — | 38.6% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | 17.7% | 45.5% | ||
| Q2 24 | 16.5% | 34.3% | ||
| Q1 24 | 16.6% | 31.5% |
营业利润率BALLCCL
| Q4 25 | 7.2% | 11.6% | ||
| Q3 25 | 11.6% | 27.9% | ||
| Q2 25 | 8.0% | 14.8% | ||
| Q1 25 | 7.4% | 9.3% | ||
| Q4 24 | 0.2% | 9.4% | ||
| Q3 24 | 7.4% | 27.6% | ||
| Q2 24 | 6.8% | 9.7% | ||
| Q1 24 | 6.8% | 5.1% |
净利率BALLCCL
| Q4 25 | 6.0% | 6.6% | ||
| Q3 25 | 9.5% | 22.7% | ||
| Q2 25 | 6.4% | 8.9% | ||
| Q1 25 | 5.8% | -1.3% | ||
| Q4 24 | -1.0% | 5.1% | ||
| Q3 24 | 6.5% | 22.0% | ||
| Q2 24 | 5.4% | 1.6% | ||
| Q1 24 | 128.3% | -4.0% |
每股收益（稀释后）BALLCCL
| Q4 25 | $0.73 | $0.33 | ||
| Q3 25 | $1.18 | $1.33 | ||
| Q2 25 | $0.76 | $0.42 | ||
| Q1 25 | $0.63 | $-0.06 | ||
| Q4 24 | $0.23 | $0.28 | ||
| Q3 24 | $0.65 | $1.26 | ||
| Q2 24 | $0.51 | $0.07 | ||
| Q1 24 | $11.61 | $-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 | $1.2B | $1.9B |
| 总债务越低越好 | $7.0B | $27.4B |
| 股东权益账面价值 | $5.4B | $12.3B |
| 总资产 | $19.5B | $51.7B |
| 负债/权益比越低杠杆越低 | 1.29× | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资BALLCCL
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $568.0M | $1.8B | ||
| Q2 25 | $296.0M | $2.1B | ||
| Q1 25 | $449.0M | $833.0M | ||
| Q4 24 | $885.0M | $1.2B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $1.7B | $2.2B |
总债务BALLCCL
| Q4 25 | $7.0B | $27.4B | ||
| Q3 25 | $6.9B | $27.2B | ||
| Q2 25 | $6.5B | $28.0B | ||
| Q1 25 | $6.1B | $27.7B | ||
| Q4 24 | $5.3B | $28.2B | ||
| Q3 24 | $5.4B | $29.6B | ||
| Q2 24 | $5.5B | $30.2B | ||
| Q1 24 | $5.5B | $31.6B |
股东权益BALLCCL
| Q4 25 | $5.4B | $12.3B | ||
| Q3 25 | $5.4B | $11.9B | ||
| Q2 25 | $5.2B | $10.0B | ||
| Q1 25 | $5.5B | $9.2B | ||
| Q4 24 | $5.9B | $9.3B | ||
| Q3 24 | $6.7B | $8.6B | ||
| Q2 24 | $6.9B | $6.8B | ||
| Q1 24 | $7.3B | $6.7B |
总资产BALLCCL
| Q4 25 | $19.5B | $51.7B | ||
| Q3 25 | $18.7B | $50.8B | ||
| Q2 25 | $18.6B | $51.2B | ||
| Q1 25 | $18.0B | $48.5B | ||
| Q4 24 | $17.6B | $49.1B | ||
| Q3 24 | $18.8B | $49.8B | ||
| Q2 24 | $19.0B | $49.6B | ||
| Q1 24 | $19.9B | $49.8B |
负债/权益比BALLCCL
| Q4 25 | 1.29× | 2.23× | ||
| Q3 25 | 1.26× | 2.28× | ||
| Q2 25 | 1.24× | 2.79× | ||
| Q1 25 | 1.12× | 3.02× | ||
| Q4 24 | 0.91× | 3.05× | ||
| Q3 24 | 0.80× | 3.45× | ||
| Q2 24 | 0.80× | 4.43× | ||
| Q1 24 | 0.76× | 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 | $1.2B | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $12.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 0.2% |
| 资本支出强度资本支出/营收 | 5.1% | 23.8% |
| 现金转化率经营现金流/净利润 | 6.05× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $2.6B |
8季度趋势，按日历期对齐
经营现金流BALLCCL
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $384.0M | $1.4B | ||
| Q2 25 | $332.0M | $2.4B | ||
| Q1 25 | $-665.0M | $925.0M | ||
| Q4 24 | $500.0M | $911.0M | ||
| Q3 24 | $610.0M | $1.2B | ||
| Q2 24 | $252.0M | $2.0B | ||
| Q1 24 | $-1.2B | $1.8B |
自由现金流BALLCCL
| Q4 25 | $1.0B | $12.0M | ||
| Q3 25 | $257.0M | $736.0M | ||
| Q2 25 | $236.0M | $1.5B | ||
| Q1 25 | $-746.0M | $318.0M | ||
| Q4 24 | $393.0M | $319.0M | ||
| Q3 24 | $493.0M | $628.0M | ||
| Q2 24 | $146.0M | $720.0M | ||
| Q1 24 | $-1.4B | $-370.0M |
自由现金流率BALLCCL
| Q4 25 | 31.1% | 0.2% | ||
| Q3 25 | 7.6% | 9.0% | ||
| Q2 25 | 7.1% | 24.4% | ||
| Q1 25 | -24.1% | 5.5% | ||
| Q4 24 | 13.6% | 5.4% | ||
| Q3 24 | 16.0% | 8.0% | ||
| Q2 24 | 4.9% | 12.5% | ||
| Q1 24 | -48.7% | -6.8% |
资本支出强度BALLCCL
| Q4 25 | 5.1% | 23.8% | ||
| Q3 25 | 3.8% | 7.9% | ||
| Q2 25 | 2.9% | 13.4% | ||
| Q1 25 | 2.6% | 10.4% | ||
| Q4 24 | 3.7% | 10.0% | ||
| Q3 24 | 3.8% | 7.3% | ||
| Q2 24 | 3.6% | 22.8% | ||
| Q1 24 | 5.4% | 39.5% |
现金转化率BALLCCL
| Q4 25 | 6.05× | 3.61× | ||
| Q3 25 | 1.20× | 0.75× | ||
| Q2 25 | 1.54× | 4.23× | ||
| Q1 25 | -3.72× | — | ||
| Q4 24 | — | 3.01× | ||
| Q3 24 | 3.07× | 0.69× | ||
| Q2 24 | 1.58× | 22.16× | ||
| Q1 24 | -0.34× | — |
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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
