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波尔公司（BALL）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波尔公司的1.3倍（$4.5B vs $3.3B），皇家加勒比集团净利率更高（21.3% vs 6.0%，领先15.4%），波尔公司同比增速更快（16.2% vs 11.3%），过去两年波尔公司的营收复合增速更高（7.9% vs 4.1%）
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。
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。
BALL vs RCL — 直观对比
营收规模更大
RCL
是对方的1.3倍
$3.3B
营收增速更快
BALL
高出4.9%
11.3%
净利率更高
RCL
高出15.4%
6.0%
两年增速更快
BALL
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.5B |
| 净利润 | $200.0M | $950.0M |
| 毛利率 | — | — |
| 营业利润率 | 7.2% | 26.1% |
| 净利率 | 6.0% | 21.3% |
| 营收同比 | 16.2% | 11.3% |
| 净利润同比 | 766.7% | 29.1% |
| 每股收益（稀释后） | $0.73 | $3.48 |
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BALLRCL
| Q1 26 | — | $4.5B | ||
| Q4 25 | $3.3B | $4.3B | ||
| Q3 25 | $3.4B | $5.1B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $3.1B | $4.0B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $3.1B | $4.9B | ||
| Q2 24 | $3.0B | $4.1B |
净利润BALLRCL
| Q1 26 | — | $950.0M | ||
| Q4 25 | $200.0M | $753.0M | ||
| Q3 25 | $321.0M | $1.6B | ||
| Q2 25 | $215.0M | $1.2B | ||
| Q1 25 | $179.0M | $730.0M | ||
| Q4 24 | $-30.0M | $552.0M | ||
| Q3 24 | $199.0M | $1.1B | ||
| Q2 24 | $159.0M | $854.0M |
毛利率BALLRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | 17.7% | 51.1% | ||
| Q2 24 | 16.5% | 47.6% |
营业利润率BALLRCL
| Q1 26 | — | 26.1% | ||
| Q4 25 | 7.2% | 21.9% | ||
| Q3 25 | 11.6% | 33.1% | ||
| Q2 25 | 8.0% | 29.3% | ||
| Q1 25 | 7.4% | 23.6% | ||
| Q4 24 | 0.2% | 16.6% | ||
| Q3 24 | 7.4% | 33.4% | ||
| Q2 24 | 6.8% | 26.7% |
净利率BALLRCL
| Q1 26 | — | 21.3% | ||
| Q4 25 | 6.0% | 17.7% | ||
| Q3 25 | 9.5% | 30.6% | ||
| Q2 25 | 6.4% | 26.7% | ||
| Q1 25 | 5.8% | 18.3% | ||
| Q4 24 | -1.0% | 14.7% | ||
| Q3 24 | 6.5% | 22.7% | ||
| Q2 24 | 5.4% | 20.8% |
每股收益（稀释后）BALLRCL
| Q1 26 | — | $3.48 | ||
| Q4 25 | $0.73 | $2.76 | ||
| Q3 25 | $1.18 | $5.74 | ||
| Q2 25 | $0.76 | $4.41 | ||
| Q1 25 | $0.63 | $2.70 | ||
| Q4 24 | $0.23 | $2.27 | ||
| Q3 24 | $0.65 | $4.21 | ||
| Q2 24 | $0.51 | $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 | $1.2B | $512.0M |
| 总债务越低越好 | $7.0B | $21.1B |
| 股东权益账面价值 | $5.4B | $10.0B |
| 总资产 | $19.5B | $42.0B |
| 负债/权益比越低杠杆越低 | 1.29× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资BALLRCL
| Q1 26 | — | $512.0M | ||
| Q4 25 | $1.2B | $825.0M | ||
| Q3 25 | $568.0M | $432.0M | ||
| Q2 25 | $296.0M | $735.0M | ||
| Q1 25 | $449.0M | $386.0M | ||
| Q4 24 | $885.0M | $388.0M | ||
| Q3 24 | $1.4B | $418.0M | ||
| Q2 24 | $1.3B | $391.0M |
总债务BALLRCL
| Q1 26 | — | $21.1B | ||
| Q4 25 | $7.0B | $18.2B | ||
| Q3 25 | $6.9B | $17.2B | ||
| Q2 25 | $6.5B | $17.6B | ||
| Q1 25 | $6.1B | $18.0B | ||
| Q4 24 | $5.3B | $18.5B | ||
| Q3 24 | $5.4B | $19.0B | ||
| Q2 24 | $5.5B | $19.8B |
股东权益BALLRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $5.4B | $10.0B | ||
| Q3 25 | $5.4B | $10.1B | ||
| Q2 25 | $5.2B | $9.2B | ||
| Q1 25 | $5.5B | $8.0B | ||
| Q4 24 | $5.9B | $7.6B | ||
| Q3 24 | $6.7B | $7.0B | ||
| Q2 24 | $6.9B | $6.0B |
总资产BALLRCL
| Q1 26 | — | $42.0B | ||
| Q4 25 | $19.5B | $41.6B | ||
| Q3 25 | $18.7B | $40.1B | ||
| Q2 25 | $18.6B | $38.5B | ||
| Q1 25 | $18.0B | $37.5B | ||
| Q4 24 | $17.6B | $37.1B | ||
| Q3 24 | $18.8B | $37.1B | ||
| Q2 24 | $19.0B | $37.0B |
负债/权益比BALLRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | 1.29× | 1.81× | ||
| Q3 25 | 1.26× | 1.70× | ||
| Q2 25 | 1.24× | 1.92× | ||
| Q1 25 | 1.12× | 2.26× | ||
| Q4 24 | 0.91× | 2.44× | ||
| Q3 24 | 0.80× | 2.69× | ||
| Q2 24 | 0.80× | 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 | $1.2B | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $1.0B | — |
| 自由现金流率自由现金流/营收 | 31.1% | — |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | 6.05× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $788.0M | — |
8季度趋势，按日历期对齐
经营现金流BALLRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $384.0M | $1.5B | ||
| Q2 25 | $332.0M | $1.7B | ||
| Q1 25 | $-665.0M | $1.6B | ||
| Q4 24 | $500.0M | $1.5B | ||
| Q3 24 | $610.0M | $897.0M | ||
| Q2 24 | $252.0M | $1.6B |
自由现金流BALLRCL
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $116.0M | ||
| Q3 25 | $257.0M | $-989.0M | ||
| Q2 25 | $236.0M | $910.0M | ||
| Q1 25 | $-746.0M | $1.2B | ||
| Q4 24 | $393.0M | $915.0M | ||
| Q3 24 | $493.0M | $563.0M | ||
| Q2 24 | $146.0M | $-567.0M |
自由现金流率BALLRCL
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | 2.7% | ||
| Q3 25 | 7.6% | -19.2% | ||
| Q2 25 | 7.1% | 20.1% | ||
| Q1 25 | -24.1% | 30.0% | ||
| Q4 24 | 13.6% | 24.3% | ||
| Q3 24 | 16.0% | 11.5% | ||
| Q2 24 | 4.9% | -13.8% |
资本支出强度BALLRCL
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 35.4% | ||
| Q3 25 | 3.8% | 47.8% | ||
| Q2 25 | 2.9% | 18.4% | ||
| Q1 25 | 2.6% | 10.7% | ||
| Q4 24 | 3.7% | 14.7% | ||
| Q3 24 | 3.8% | 6.8% | ||
| Q2 24 | 3.6% | 52.1% |
现金转化率BALLRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 6.05× | 2.16× | ||
| Q3 25 | 1.20× | 0.93× | ||
| Q2 25 | 1.54× | 1.44× | ||
| Q1 25 | -3.72× | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | 3.07× | 0.81× | ||
| Q2 24 | 1.58× | 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
BALL
| Transferred Over Time | $2.7B | 82% |
| Transferred At Point In Time | $602.0M | 18% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
