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波尔公司（BALL）与诺唯真游轮控股（NCLH）财务数据对比。点击上方公司名可切换其他公司
波尔公司的季度营收约是诺唯真游轮控股的1.5倍（$3.3B vs $2.2B），波尔公司净利率更高（6.0% vs 0.6%，领先5.3%），波尔公司同比增速更快（16.2% vs 6.4%），波尔公司自由现金流更多（$1.0B vs $21.5M），过去两年波尔公司的营收复合增速更高（7.9% vs 1.2%）
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。
诺唯真游轮（NCL）1966年创立于挪威，为美国知名游轮运营商，总部设于佛罗里达州迈阿密-戴德县，注册地为巴哈马，由诺唯真游轮控股全资持有。按载客量计算，该品牌为全球第四大游轮公司，2021年占全球游轮市场载客量份额约8.6%。
BALL vs NCLH — 直观对比
营收规模更大
BALL
是对方的1.5倍
$2.2B
营收增速更快
BALL
高出9.8%
6.4%
净利率更高
BALL
高出5.3%
0.6%
自由现金流更多
BALL
多$1.0B
$21.5M
两年增速更快
BALL
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $2.2B |
| 净利润 | $200.0M | $14.3M |
| 毛利率 | — | 41.0% |
| 营业利润率 | 7.2% | 8.3% |
| 净利率 | 6.0% | 0.6% |
| 营收同比 | 16.2% | 6.4% |
| 净利润同比 | 766.7% | -94.4% |
| 每股收益（稀释后） | $0.73 | $0.08 |
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BALLNCLH
| Q4 25 | $3.3B | $2.2B | ||
| Q3 25 | $3.4B | $2.9B | ||
| Q2 25 | $3.3B | $2.5B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $3.0B | $2.4B | ||
| Q1 24 | $2.9B | $2.2B |
净利润BALLNCLH
| Q4 25 | $200.0M | $14.3M | ||
| Q3 25 | $321.0M | $419.3M | ||
| Q2 25 | $215.0M | $30.0M | ||
| Q1 25 | $179.0M | $-40.3M | ||
| Q4 24 | $-30.0M | $254.5M | ||
| Q3 24 | $199.0M | $474.9M | ||
| Q2 24 | $159.0M | $163.4M | ||
| Q1 24 | $3.7B | $17.4M |
毛利率BALLNCLH
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | 17.7% | 45.2% | ||
| Q2 24 | 16.5% | 38.7% | ||
| Q1 24 | 16.6% | 36.7% |
营业利润率BALLNCLH
| Q4 25 | 7.2% | 8.3% | ||
| Q3 25 | 11.6% | 25.5% | ||
| Q2 25 | 8.0% | 16.8% | ||
| Q1 25 | 7.4% | 9.4% | ||
| Q4 24 | 0.2% | 10.2% | ||
| Q3 24 | 7.4% | 24.6% | ||
| Q2 24 | 6.8% | 14.4% | ||
| Q1 24 | 6.8% | 10.0% |
净利率BALLNCLH
| Q4 25 | 6.0% | 0.6% | ||
| Q3 25 | 9.5% | 14.3% | ||
| Q2 25 | 6.4% | 1.2% | ||
| Q1 25 | 5.8% | -1.9% | ||
| Q4 24 | -1.0% | 12.1% | ||
| Q3 24 | 6.5% | 16.9% | ||
| Q2 24 | 5.4% | 6.9% | ||
| Q1 24 | 128.3% | 0.8% |
每股收益（稀释后）BALLNCLH
| Q4 25 | $0.73 | $0.08 | ||
| Q3 25 | $1.18 | $0.86 | ||
| Q2 25 | $0.76 | $0.07 | ||
| Q1 25 | $0.63 | $-0.09 | ||
| Q4 24 | $0.23 | $0.55 | ||
| Q3 24 | $0.65 | $0.95 | ||
| Q2 24 | $0.51 | $0.35 | ||
| Q1 24 | $11.61 | $0.04 |
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 | $209.9M |
| 总债务越低越好 | $7.0B | $13.7B |
| 股东权益账面价值 | $5.4B | $2.2B |
| 总资产 | $19.5B | $22.5B |
| 负债/权益比越低杠杆越低 | 1.29× | 6.21× |
8季度趋势，按日历期对齐
现金及短期投资BALLNCLH
| Q4 25 | $1.2B | $209.9M | ||
| Q3 25 | $568.0M | $166.8M | ||
| Q2 25 | $296.0M | $184.0M | ||
| Q1 25 | $449.0M | $184.4M | ||
| Q4 24 | $885.0M | $190.8M | ||
| Q3 24 | $1.4B | $332.5M | ||
| Q2 24 | $1.3B | $594.1M | ||
| Q1 24 | $1.7B | $559.8M |
总债务BALLNCLH
| Q4 25 | $7.0B | $13.7B | ||
| Q3 25 | $6.9B | $13.6B | ||
| Q2 25 | $6.5B | $12.6B | ||
| Q1 25 | $6.1B | $12.9B | ||
| Q4 24 | $5.3B | $11.8B | ||
| Q3 24 | $5.4B | $11.8B | ||
| Q2 24 | $5.5B | $11.9B | ||
| Q1 24 | $5.5B | $12.0B |
股东权益BALLNCLH
| Q4 25 | $5.4B | $2.2B | ||
| Q3 25 | $5.4B | $2.2B | ||
| Q2 25 | $5.2B | $1.6B | ||
| Q1 25 | $5.5B | $1.4B | ||
| Q4 24 | $5.9B | $1.4B | ||
| Q3 24 | $6.7B | $1.1B | ||
| Q2 24 | $6.9B | $693.1M | ||
| Q1 24 | $7.3B | $362.1M |
总资产BALLNCLH
| Q4 25 | $19.5B | $22.5B | ||
| Q3 25 | $18.7B | $22.2B | ||
| Q2 25 | $18.6B | $21.6B | ||
| Q1 25 | $18.0B | $21.4B | ||
| Q4 24 | $17.6B | $20.0B | ||
| Q3 24 | $18.8B | $19.8B | ||
| Q2 24 | $19.0B | $20.1B | ||
| Q1 24 | $19.9B | $19.8B |
负债/权益比BALLNCLH
| Q4 25 | 1.29× | 6.21× | ||
| Q3 25 | 1.26× | 6.22× | ||
| Q2 25 | 1.24× | 8.05× | ||
| Q1 25 | 1.12× | 9.09× | ||
| Q4 24 | 0.91× | 8.26× | ||
| Q3 24 | 0.80× | 10.35× | ||
| Q2 24 | 0.80× | 17.19× | ||
| Q1 24 | 0.76× | 33.16× |
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 | $459.1M |
| 自由现金流经营现金流 - 资本支出 | $1.0B | $21.5M |
| 自由现金流率自由现金流/营收 | 31.1% | 1.0% |
| 资本支出强度资本支出/营收 | 5.1% | 19.5% |
| 现金转化率经营现金流/净利润 | 6.05× | 32.21× |
| 过去12个月自由现金流最近4个季度 | $788.0M | $-1.2B |
8季度趋势，按日历期对齐
经营现金流BALLNCLH
| Q4 25 | $1.2B | $459.1M | ||
| Q3 25 | $384.0M | $236.6M | ||
| Q2 25 | $332.0M | $714.9M | ||
| Q1 25 | $-665.0M | $679.2M | ||
| Q4 24 | $500.0M | $399.3M | ||
| Q3 24 | $610.0M | $172.5M | ||
| Q2 24 | $252.0M | $670.9M | ||
| Q1 24 | $-1.2B | $807.2M |
自由现金流BALLNCLH
| Q4 25 | $1.0B | $21.5M | ||
| Q3 25 | $257.0M | $-726.5M | ||
| Q2 25 | $236.0M | $381.2M | ||
| Q1 25 | $-746.0M | $-846.0M | ||
| Q4 24 | $393.0M | $155.8M | ||
| Q3 24 | $493.0M | $-195.5M | ||
| Q2 24 | $146.0M | $330.2M | ||
| Q1 24 | $-1.4B | $548.3M |
自由现金流率BALLNCLH
| Q4 25 | 31.1% | 1.0% | ||
| Q3 25 | 7.6% | -24.7% | ||
| Q2 25 | 7.1% | 15.1% | ||
| Q1 25 | -24.1% | -39.8% | ||
| Q4 24 | 13.6% | 7.4% | ||
| Q3 24 | 16.0% | -7.0% | ||
| Q2 24 | 4.9% | 13.9% | ||
| Q1 24 | -48.7% | 25.0% |
资本支出强度BALLNCLH
| Q4 25 | 5.1% | 19.5% | ||
| Q3 25 | 3.8% | 32.8% | ||
| Q2 25 | 2.9% | 13.3% | ||
| Q1 25 | 2.6% | 71.7% | ||
| Q4 24 | 3.7% | 11.5% | ||
| Q3 24 | 3.8% | 13.1% | ||
| Q2 24 | 3.6% | 14.4% | ||
| Q1 24 | 5.4% | 11.8% |
现金转化率BALLNCLH
| Q4 25 | 6.05× | 32.21× | ||
| Q3 25 | 1.20× | 0.56× | ||
| Q2 25 | 1.54× | 23.83× | ||
| Q1 25 | -3.72× | — | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | 3.07× | 0.36× | ||
| Q2 24 | 1.58× | 4.10× | ||
| Q1 24 | -0.34× | 46.51× |
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% |
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
