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Builders FirstSource（BLDR）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Builders FirstSource的1.4倍（$4.5B vs $3.3B），皇家加勒比集团净利率更高（21.3% vs 2.9%，领先18.4%），皇家加勒比集团同比增速更快（11.3% vs -10.1%），过去两年皇家加勒比集团的营收复合增速更高（4.1% vs -14.1%）
Builders FirstSource是财富500强企业，成立于1998年3月，总部位于美国得克萨斯州欧文，是美国规模最大的建筑产品、预制构件及增值服务供应商，同时生产制造建筑材料。公司在全美拥有超1.5万名员工，服务于新建住宅施工、维修及翻新领域的专业客户。
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。
BLDR vs RCL — 直观对比
营收规模更大
RCL
是对方的1.4倍
$3.3B
营收增速更快
RCL
高出21.5%
-10.1%
净利率更高
RCL
高出18.4%
2.9%
两年增速更快
RCL
近两年复合增速
-14.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.5B |
| 净利润 | $96.3M | $950.0M |
| 毛利率 | 28.3% | — |
| 营业利润率 | 0.5% | 26.1% |
| 净利率 | 2.9% | 21.3% |
| 营收同比 | -10.1% | 11.3% |
| 净利润同比 | — | 29.1% |
| 每股收益（稀释后） | $0.27 | $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BLDRRCL
| Q1 26 | $3.3B | $4.5B | ||
| Q4 25 | $3.4B | $4.3B | ||
| Q3 25 | $3.9B | $5.1B | ||
| Q2 25 | $4.2B | $4.5B | ||
| Q1 25 | $3.7B | $4.0B | ||
| Q4 24 | $3.8B | $3.8B | ||
| Q3 24 | $4.2B | $4.9B | ||
| Q2 24 | $4.5B | $4.1B |
净利润BLDRRCL
| Q1 26 | $96.3M | $950.0M | ||
| Q4 25 | $31.5M | $753.0M | ||
| Q3 25 | $122.4M | $1.6B | ||
| Q2 25 | $185.0M | $1.2B | ||
| Q1 25 | $96.3M | $730.0M | ||
| Q4 24 | $190.2M | $552.0M | ||
| Q3 24 | $284.8M | $1.1B | ||
| Q2 24 | $344.1M | $854.0M |
毛利率BLDRRCL
| Q1 26 | 28.3% | — | ||
| Q4 25 | 29.8% | 47.4% | ||
| Q3 25 | 30.4% | 51.8% | ||
| Q2 25 | 30.7% | 49.7% | ||
| Q1 25 | 30.5% | 48.0% | ||
| Q4 24 | 32.3% | 45.4% | ||
| Q3 24 | 32.8% | 51.1% | ||
| Q2 24 | 32.8% | 47.6% |
营业利润率BLDRRCL
| Q1 26 | 0.5% | 26.1% | ||
| Q4 25 | 1.8% | 21.9% | ||
| Q3 25 | 5.8% | 33.1% | ||
| Q2 25 | 7.4% | 29.3% | ||
| Q1 25 | 5.0% | 23.6% | ||
| Q4 24 | 8.0% | 16.6% | ||
| Q3 24 | 10.1% | 33.4% | ||
| Q2 24 | 11.0% | 26.7% |
净利率BLDRRCL
| Q1 26 | 2.9% | 21.3% | ||
| Q4 25 | 0.9% | 17.7% | ||
| Q3 25 | 3.1% | 30.6% | ||
| Q2 25 | 4.4% | 26.7% | ||
| Q1 25 | 2.6% | 18.3% | ||
| Q4 24 | 5.0% | 14.7% | ||
| Q3 24 | 6.7% | 22.7% | ||
| Q2 24 | 7.7% | 20.8% |
每股收益（稀释后）BLDRRCL
| Q1 26 | $0.27 | $3.48 | ||
| Q4 25 | $0.29 | $2.76 | ||
| Q3 25 | $1.10 | $5.74 | ||
| Q2 25 | $1.66 | $4.41 | ||
| Q1 25 | $0.84 | $2.70 | ||
| Q4 24 | $1.65 | $2.27 | ||
| Q3 24 | $2.44 | $4.21 | ||
| Q2 24 | $2.87 | $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 | $98.3M | $512.0M |
| 总债务越低越好 | $24.3M | $21.1B |
| 股东权益账面价值 | — | $10.0B |
| 总资产 | $11.3B | $42.0B |
| 负债/权益比越低杠杆越低 | — | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资BLDRRCL
| Q1 26 | $98.3M | $512.0M | ||
| Q4 25 | $181.8M | $825.0M | ||
| Q3 25 | $296.2M | $432.0M | ||
| Q2 25 | $87.0M | $735.0M | ||
| Q1 25 | $115.4M | $386.0M | ||
| Q4 24 | $153.6M | $388.0M | ||
| Q3 24 | $328.1M | $418.0M | ||
| Q2 24 | $75.6M | $391.0M |
总债务BLDRRCL
| Q1 26 | $24.3M | $21.1B | ||
| Q4 25 | $4.4B | $18.2B | ||
| Q3 25 | $4.4B | $17.2B | ||
| Q2 25 | $4.7B | $17.6B | ||
| Q1 25 | $4.5B | $18.0B | ||
| Q4 24 | $3.7B | $18.5B | ||
| Q3 24 | $3.7B | $19.0B | ||
| Q2 24 | $3.8B | $19.8B |
股东权益BLDRRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $4.4B | $10.0B | ||
| Q3 25 | $4.3B | $10.1B | ||
| Q2 25 | $4.2B | $9.2B | ||
| Q1 25 | $4.4B | $8.0B | ||
| Q4 24 | $4.3B | $7.6B | ||
| Q3 24 | $4.4B | $7.0B | ||
| Q2 24 | $4.3B | $6.0B |
总资产BLDRRCL
| Q1 26 | $11.3B | $42.0B | ||
| Q4 25 | $11.2B | $41.6B | ||
| Q3 25 | $11.4B | $40.1B | ||
| Q2 25 | $11.5B | $38.5B | ||
| Q1 25 | $11.4B | $37.5B | ||
| Q4 24 | $10.6B | $37.1B | ||
| Q3 24 | $10.9B | $37.1B | ||
| Q2 24 | $10.7B | $37.0B |
负债/权益比BLDRRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | 1.02× | 1.81× | ||
| Q3 25 | 1.03× | 1.70× | ||
| Q2 25 | 1.12× | 1.92× | ||
| Q1 25 | 1.02× | 2.26× | ||
| Q4 24 | 0.86× | 2.44× | ||
| Q3 24 | 0.83× | 2.69× | ||
| Q2 24 | 0.88× | 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 | $87.5M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $42.7M | — |
| 自由现金流率自由现金流/营收 | 1.3% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.91× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $863.6M | — |
8季度趋势，按日历期对齐
经营现金流BLDRRCL
| Q1 26 | $87.5M | $1.8B | ||
| Q4 25 | $194.8M | $1.6B | ||
| Q3 25 | $547.7M | $1.5B | ||
| Q2 25 | $341.0M | $1.7B | ||
| Q1 25 | $132.3M | $1.6B | ||
| Q4 24 | $373.5M | $1.5B | ||
| Q3 24 | $730.0M | $897.0M | ||
| Q2 24 | $452.1M | $1.6B |
自由现金流BLDRRCL
| Q1 26 | $42.7M | — | ||
| Q4 25 | $106.7M | $116.0M | ||
| Q3 25 | $461.9M | $-989.0M | ||
| Q2 25 | $252.3M | $910.0M | ||
| Q1 25 | $32.4M | $1.2B | ||
| Q4 24 | $273.8M | $915.0M | ||
| Q3 24 | $630.4M | $563.0M | ||
| Q2 24 | $364.0M | $-567.0M |
自由现金流率BLDRRCL
| Q1 26 | 1.3% | — | ||
| Q4 25 | 3.2% | 2.7% | ||
| Q3 25 | 11.7% | -19.2% | ||
| Q2 25 | 6.0% | 20.1% | ||
| Q1 25 | 0.9% | 30.0% | ||
| Q4 24 | 7.2% | 24.3% | ||
| Q3 24 | 14.9% | 11.5% | ||
| Q2 24 | 8.2% | -13.8% |
资本支出强度BLDRRCL
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 35.4% | ||
| Q3 25 | 2.2% | 47.8% | ||
| Q2 25 | 2.1% | 18.4% | ||
| Q1 25 | 2.7% | 10.7% | ||
| Q4 24 | 2.6% | 14.7% | ||
| Q3 24 | 2.4% | 6.8% | ||
| Q2 24 | 2.0% | 52.1% |
现金转化率BLDRRCL
| Q1 26 | 0.91× | 1.93× | ||
| Q4 25 | 6.19× | 2.16× | ||
| Q3 25 | 4.48× | 0.93× | ||
| Q2 25 | 1.84× | 1.44× | ||
| Q1 25 | 1.37× | 2.23× | ||
| Q4 24 | 1.96× | 2.66× | ||
| Q3 24 | 2.56× | 0.81× | ||
| Q2 24 | 1.31× | 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
BLDR
| Windows, doors & millwork | $853.8M | 26% |
| Specialty building products & services | $853.4M | 26% |
| Lumber & lumber sheet goods | $845.4M | 26% |
| Manufactured products | $734.5M | 22% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
