vs
丹麦皇冠（CCK）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丹麦皇冠的1.4倍（$4.5B vs $3.3B），皇家加勒比集团净利率更高（21.3% vs 6.3%，领先15.0%），丹麦皇冠同比增速更快（12.9% vs 11.3%），过去两年皇家加勒比集团的营收复合增速更高（4.1% vs 3.5%）
丹麦皇冠是来自丹麦的国际化食品企业，核心业务涵盖生猪、肉牛的屠宰加工及销售，旗下拥有多家子公司，业务覆盖食品行业多品类产品领域，首席执行官为尼尔斯·迪达尔，总部位于兰讷斯。
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。
CCK 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
CCK
高出1.6%
11.3%
净利率更高
RCL
高出15.0%
6.3%
两年增速更快
RCL
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.5B |
| 净利润 | $206.0M | $950.0M |
| 毛利率 | — | — |
| 营业利润率 | 11.2% | 26.1% |
| 净利率 | 6.3% | 21.3% |
| 营收同比 | 12.9% | 11.3% |
| 净利润同比 | -9.3% | 29.1% |
| 每股收益（稀释后） | $1.56 | $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CCKRCL
| Q1 26 | $3.3B | $4.5B | ||
| Q4 25 | $3.1B | $4.3B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.1B | $4.5B | ||
| Q1 25 | $2.9B | $4.0B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $3.1B | $4.9B | ||
| Q2 24 | $3.0B | $4.1B |
净利润CCKRCL
| Q1 26 | $206.0M | $950.0M | ||
| Q4 25 | $150.0M | $753.0M | ||
| Q3 25 | $214.0M | $1.6B | ||
| Q2 25 | $181.0M | $1.2B | ||
| Q1 25 | $193.0M | $730.0M | ||
| Q4 24 | $358.0M | $552.0M | ||
| Q3 24 | $-175.0M | $1.1B | ||
| Q2 24 | $174.0M | $854.0M |
毛利率CCKRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
营业利润率CCKRCL
| Q1 26 | 11.2% | 26.1% | ||
| Q4 25 | 12.0% | 21.9% | ||
| Q3 25 | 13.2% | 33.1% | ||
| Q2 25 | 12.4% | 29.3% | ||
| Q1 25 | 12.6% | 23.6% | ||
| Q4 24 | 12.1% | 16.6% | ||
| Q3 24 | 14.4% | 33.4% | ||
| Q2 24 | 12.5% | 26.7% |
净利率CCKRCL
| Q1 26 | 6.3% | 21.3% | ||
| Q4 25 | 4.8% | 17.7% | ||
| Q3 25 | 6.7% | 30.6% | ||
| Q2 25 | 5.7% | 26.7% | ||
| Q1 25 | 6.7% | 18.3% | ||
| Q4 24 | 12.3% | 14.7% | ||
| Q3 24 | -5.7% | 22.7% | ||
| Q2 24 | 5.7% | 20.8% |
每股收益（稀释后）CCKRCL
| Q1 26 | $1.56 | $3.48 | ||
| Q4 25 | $1.32 | $2.76 | ||
| Q3 25 | $1.85 | $5.74 | ||
| Q2 25 | $1.56 | $4.41 | ||
| Q1 25 | $1.65 | $2.70 | ||
| Q4 24 | $3.01 | $2.27 | ||
| Q3 24 | $-1.47 | $4.21 | ||
| Q2 24 | $1.45 | $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 | $584.0M | $512.0M |
| 总债务越低越好 | $53.0M | $21.1B |
| 股东权益账面价值 | $3.4B | $10.0B |
| 总资产 | $14.3B | $42.0B |
| 负债/权益比越低杠杆越低 | 0.02× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资CCKRCL
| Q1 26 | $584.0M | $512.0M | ||
| Q4 25 | $764.0M | $825.0M | ||
| Q3 25 | $1.2B | $432.0M | ||
| Q2 25 | $936.0M | $735.0M | ||
| Q1 25 | $779.0M | $386.0M | ||
| Q4 24 | $918.0M | $388.0M | ||
| Q3 24 | $1.7B | $418.0M | ||
| Q2 24 | $1.4B | $391.0M |
总债务CCKRCL
| Q1 26 | $53.0M | $21.1B | ||
| Q4 25 | $5.9B | $18.2B | ||
| Q3 25 | $6.2B | $17.2B | ||
| Q2 25 | $6.3B | $17.6B | ||
| Q1 25 | $6.2B | $18.0B | ||
| Q4 24 | $6.1B | $18.5B | ||
| Q3 24 | $7.4B | $19.0B | ||
| Q2 24 | $7.3B | $19.8B |
股东权益CCKRCL
| Q1 26 | $3.4B | $10.0B | ||
| Q4 25 | $3.0B | $10.0B | ||
| Q3 25 | $3.0B | $10.1B | ||
| Q2 25 | $2.9B | $9.2B | ||
| Q1 25 | $2.7B | $8.0B | ||
| Q4 24 | $2.8B | $7.6B | ||
| Q3 24 | $2.5B | $7.0B | ||
| Q2 24 | $2.5B | $6.0B |
总资产CCKRCL
| Q1 26 | $14.3B | $42.0B | ||
| Q4 25 | $14.3B | $41.6B | ||
| Q3 25 | $14.6B | $40.1B | ||
| Q2 25 | $14.5B | $38.5B | ||
| Q1 25 | $13.8B | $37.5B | ||
| Q4 24 | $13.8B | $37.1B | ||
| Q3 24 | $15.1B | $37.1B | ||
| Q2 24 | $14.9B | $37.0B |
负债/权益比CCKRCL
| Q1 26 | 0.02× | 2.11× | ||
| Q4 25 | 1.96× | 1.81× | ||
| Q3 25 | 2.07× | 1.70× | ||
| Q2 25 | 2.18× | 1.92× | ||
| Q1 25 | 2.31× | 2.26× | ||
| Q4 24 | 2.23× | 2.44× | ||
| Q3 24 | 2.93× | 2.69× | ||
| Q2 24 | 2.92× | 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 | — | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $-129.0M | — |
| 自由现金流率自由现金流/营收 | -4.0% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流CCKRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $487.0M | $1.6B | ||
| Q3 25 | $580.0M | $1.5B | ||
| Q2 25 | $449.0M | $1.7B | ||
| Q1 25 | $14.0M | $1.6B | ||
| Q4 24 | $295.0M | $1.5B | ||
| Q3 24 | $554.0M | $897.0M | ||
| Q2 24 | $445.0M | $1.6B |
自由现金流CCKRCL
| Q1 26 | $-129.0M | — | ||
| Q4 25 | $255.0M | $116.0M | ||
| Q3 25 | $488.0M | $-989.0M | ||
| Q2 25 | $393.0M | $910.0M | ||
| Q1 25 | $-19.0M | $1.2B | ||
| Q4 24 | $146.0M | $915.0M | ||
| Q3 24 | $478.0M | $563.0M | ||
| Q2 24 | $361.0M | $-567.0M |
自由现金流率CCKRCL
| Q1 26 | -4.0% | — | ||
| Q4 25 | 8.2% | 2.7% | ||
| Q3 25 | 15.2% | -19.2% | ||
| Q2 25 | 12.5% | 20.1% | ||
| Q1 25 | -0.7% | 30.0% | ||
| Q4 24 | 5.0% | 24.3% | ||
| Q3 24 | 15.5% | 11.5% | ||
| Q2 24 | 11.9% | -13.8% |
资本支出强度CCKRCL
| Q1 26 | 2.7% | — | ||
| Q4 25 | 7.4% | 35.4% | ||
| Q3 25 | 2.9% | 47.8% | ||
| Q2 25 | 1.8% | 18.4% | ||
| Q1 25 | 1.1% | 10.7% | ||
| Q4 24 | 5.1% | 14.7% | ||
| Q3 24 | 2.5% | 6.8% | ||
| Q2 24 | 2.8% | 52.1% |
现金转化率CCKRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 3.25× | 2.16× | ||
| Q3 25 | 2.71× | 0.93× | ||
| Q2 25 | 2.48× | 1.44× | ||
| Q1 25 | 0.07× | 2.23× | ||
| Q4 24 | 0.82× | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | 2.56× | 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
CCK
| Americas Beverage | $1.5B | 47% |
| European Beverage | $588.0M | 18% |
| Transit Packaging | $496.0M | 15% |
| Other | $342.0M | 10% |
| Asia Pacific | $303.0M | 9% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
