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BlueLinx Holdings Inc.（BXC）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BlueLinx Holdings Inc.的8.5倍（$6.3B vs $748.9M），嘉年华集团净利率更高（6.6% vs 0.2%，领先6.4%），嘉年华集团同比增速更快（6.6% vs 0.2%），BlueLinx Holdings Inc.自由现金流更多（$52.7M vs $12.0M），过去两年嘉年华集团的营收复合增速更高（8.2% vs 2.5%）
BlueLinx Holdings Inc.是美国经营建材与工业产品的批发分销商，总部位于佐治亚州亚特兰大，目前由Shyam Reddy担任公司总裁兼首席执行官，在美国本土相关分销领域开展业务
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。
BXC vs CCL — 直观对比
营收规模更大
CCL
是对方的8.5倍
$748.9M
营收增速更快
CCL
高出6.4%
0.2%
净利率更高
CCL
高出6.4%
0.2%
自由现金流更多
BXC
多$40.7M
$12.0M
两年增速更快
CCL
近两年复合增速
2.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $748.9M | $6.3B |
| 净利润 | $1.7M | $421.0M |
| 毛利率 | 14.4% | — |
| 营业利润率 | 1.3% | 11.6% |
| 净利率 | 0.2% | 6.6% |
| 营收同比 | 0.2% | 6.6% |
| 净利润同比 | -89.7% | 38.9% |
| 每股收益（稀释后） | $0.20 | $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BXCCCL
| Q4 25 | — | $6.3B | ||
| Q3 25 | $748.9M | $8.2B | ||
| Q2 25 | $780.1M | $6.3B | ||
| Q1 25 | $709.2M | $5.8B | ||
| Q4 24 | $710.6M | $5.9B | ||
| Q3 24 | $747.3M | $7.9B | ||
| Q2 24 | $768.4M | $5.8B | ||
| Q1 24 | $726.2M | $5.4B |
净利润BXCCCL
| Q4 25 | — | $421.0M | ||
| Q3 25 | $1.7M | $1.9B | ||
| Q2 25 | $4.3M | $565.0M | ||
| Q1 25 | $2.8M | $-78.0M | ||
| Q4 24 | — | $303.0M | ||
| Q3 24 | $16.0M | $1.7B | ||
| Q2 24 | $14.3M | $92.0M | ||
| Q1 24 | $17.5M | $-214.0M |
毛利率BXCCCL
| Q4 25 | — | — | ||
| Q3 25 | 14.4% | 46.2% | ||
| Q2 25 | 15.3% | 38.6% | ||
| Q1 25 | 15.7% | 35.2% | ||
| Q4 24 | 15.9% | 35.5% | ||
| Q3 24 | 16.8% | 45.5% | ||
| Q2 24 | 15.9% | 34.3% | ||
| Q1 24 | 17.6% | 31.5% |
营业利润率BXCCCL
| Q4 25 | — | 11.6% | ||
| Q3 25 | 1.3% | 27.9% | ||
| Q2 25 | 1.9% | 14.8% | ||
| Q1 25 | 1.5% | 9.3% | ||
| Q4 24 | 1.7% | 9.4% | ||
| Q3 24 | 3.2% | 27.6% | ||
| Q2 24 | 3.1% | 9.7% | ||
| Q1 24 | 3.8% | 5.1% |
净利率BXCCCL
| Q4 25 | — | 6.6% | ||
| Q3 25 | 0.2% | 22.7% | ||
| Q2 25 | 0.6% | 8.9% | ||
| Q1 25 | 0.4% | -1.3% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 2.1% | 22.0% | ||
| Q2 24 | 1.9% | 1.6% | ||
| Q1 24 | 2.4% | -4.0% |
每股收益（稀释后）BXCCCL
| Q4 25 | — | $0.33 | ||
| Q3 25 | $0.20 | $1.33 | ||
| Q2 25 | $0.54 | $0.42 | ||
| Q1 25 | $0.33 | $-0.06 | ||
| Q4 24 | $0.67 | $0.28 | ||
| Q3 24 | $1.87 | $1.26 | ||
| Q2 24 | $1.65 | $0.07 | ||
| Q1 24 | $2.00 | $-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 | $429.4M | $1.9B |
| 总债务越低越好 | $598.5M | $27.4B |
| 股东权益账面价值 | $623.0M | $12.3B |
| 总资产 | $1.6B | $51.7B |
| 负债/权益比越低杠杆越低 | 0.96× | 2.23× |
8季度趋势，按日历期对齐
现金及短期投资BXCCCL
| Q4 25 | — | $1.9B | ||
| Q3 25 | $429.4M | $1.8B | ||
| Q2 25 | $386.8M | $2.1B | ||
| Q1 25 | $449.0M | $833.0M | ||
| Q4 24 | $505.6M | $1.2B | ||
| Q3 24 | $526.3M | $1.5B | ||
| Q2 24 | $491.4M | $1.6B | ||
| Q1 24 | $481.3M | $2.2B |
总债务BXCCCL
| Q4 25 | — | $27.4B | ||
| Q3 25 | $598.5M | $27.2B | ||
| Q2 25 | $596.4M | $28.0B | ||
| Q1 25 | $596.6M | $27.7B | ||
| Q4 24 | $575.1M | $28.2B | ||
| Q3 24 | $576.0M | $29.6B | ||
| Q2 24 | $574.6M | $30.2B | ||
| Q1 24 | $574.0M | $31.6B |
股东权益BXCCCL
| Q4 25 | — | $12.3B | ||
| Q3 25 | $623.0M | $11.9B | ||
| Q2 25 | $621.3M | $10.0B | ||
| Q1 25 | $636.1M | $9.2B | ||
| Q4 24 | $646.4M | $9.3B | ||
| Q3 24 | $655.6M | $8.6B | ||
| Q2 24 | $652.3M | $6.8B | ||
| Q1 24 | $653.2M | $6.7B |
总资产BXCCCL
| Q4 25 | — | $51.7B | ||
| Q3 25 | $1.6B | $50.8B | ||
| Q2 25 | $1.6B | $51.2B | ||
| Q1 25 | $1.6B | $48.5B | ||
| Q4 24 | $1.6B | $49.1B | ||
| Q3 24 | $1.6B | $49.8B | ||
| Q2 24 | $1.6B | $49.6B | ||
| Q1 24 | $1.6B | $49.8B |
负债/权益比BXCCCL
| Q4 25 | — | 2.23× | ||
| Q3 25 | 0.96× | 2.28× | ||
| Q2 25 | 0.96× | 2.79× | ||
| Q1 25 | 0.94× | 3.02× | ||
| Q4 24 | 0.89× | 3.05× | ||
| Q3 24 | 0.88× | 3.45× | ||
| Q2 24 | 0.88× | 4.43× | ||
| Q1 24 | 0.88× | 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 | $58.6M | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $52.7M | $12.0M |
| 自由现金流率自由现金流/营收 | 7.0% | 0.2% |
| 资本支出强度资本支出/营收 | 0.8% | 23.8% |
| 现金转化率经营现金流/净利润 | 35.42× | 3.61× |
| 过去12个月自由现金流最近4个季度 | $-25.1M | $2.6B |
8季度趋势，按日历期对齐
经营现金流BXCCCL
| Q4 25 | — | $1.5B | ||
| Q3 25 | $58.6M | $1.4B | ||
| Q2 25 | $-26.8M | $2.4B | ||
| Q1 25 | $-33.9M | $925.0M | ||
| Q4 24 | $18.7M | $911.0M | ||
| Q3 24 | $61.8M | $1.2B | ||
| Q2 24 | $35.8M | $2.0B | ||
| Q1 24 | $-31.1M | $1.8B |
自由现金流BXCCCL
| Q4 25 | — | $12.0M | ||
| Q3 25 | $52.7M | $736.0M | ||
| Q2 25 | $-36.4M | $1.5B | ||
| Q1 25 | $-39.8M | $318.0M | ||
| Q4 24 | $-1.5M | $319.0M | ||
| Q3 24 | $53.8M | $628.0M | ||
| Q2 24 | $29.3M | $720.0M | ||
| Q1 24 | $-36.6M | $-370.0M |
自由现金流率BXCCCL
| Q4 25 | — | 0.2% | ||
| Q3 25 | 7.0% | 9.0% | ||
| Q2 25 | -4.7% | 24.4% | ||
| Q1 25 | -5.6% | 5.5% | ||
| Q4 24 | -0.2% | 5.4% | ||
| Q3 24 | 7.2% | 8.0% | ||
| Q2 24 | 3.8% | 12.5% | ||
| Q1 24 | -5.0% | -6.8% |
资本支出强度BXCCCL
| Q4 25 | — | 23.8% | ||
| Q3 25 | 0.8% | 7.9% | ||
| Q2 25 | 1.2% | 13.4% | ||
| Q1 25 | 0.8% | 10.4% | ||
| Q4 24 | 2.9% | 10.0% | ||
| Q3 24 | 1.1% | 7.3% | ||
| Q2 24 | 0.8% | 22.8% | ||
| Q1 24 | 0.8% | 39.5% |
现金转化率BXCCCL
| Q4 25 | — | 3.61× | ||
| Q3 25 | 35.42× | 0.75× | ||
| Q2 25 | -6.21× | 4.23× | ||
| Q1 25 | -12.09× | — | ||
| Q4 24 | — | 3.01× | ||
| Q3 24 | 3.86× | 0.69× | ||
| Q2 24 | 2.50× | 22.16× | ||
| Q1 24 | -1.78× | — |
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
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
