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嘉年华集团（CCL）与阿特斯（CSIQ）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阿特斯的1.4倍（$6.3B vs $4.5B），嘉年华集团净利率更高（6.6% vs 1.3%，领先5.4%）
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。
阿特斯是全球领先的可再生能源企业，总部位于加拿大安大略省基奇纳。核心业务涵盖光伏组件制造、电池储能解决方案供应，以及大型公用事业级太阳能电站与储能项目的开发，业务布局覆盖全球主要能源市场。
CCL vs CSIQ — 直观对比
营收规模更大
CCL
是对方的1.4倍
$4.5B
净利率更高
CCL
高出5.4%
1.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $4.5B |
| 净利润 | $421.0M | $57.6M |
| 毛利率 | — | 17.5% |
| 营业利润率 | 11.6% | 2.2% |
| 净利率 | 6.6% | 1.3% |
| 营收同比 | 6.6% | — |
| 净利润同比 | 38.9% | — |
| 每股收益（稀释后） | $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CCLCSIQ
| Q4 25 | $6.3B | — | ||
| Q3 25 | $8.2B | $4.5B | ||
| Q2 25 | $6.3B | $3.0B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $5.9B | — | ||
| Q3 24 | $7.9B | $5.9B | ||
| Q2 24 | $5.8B | $4.1B | ||
| Q1 24 | $5.4B | — |
净利润CCLCSIQ
| Q4 25 | $421.0M | — | ||
| Q3 25 | $1.9B | $57.6M | ||
| Q2 25 | $565.0M | $63.6M | ||
| Q1 25 | $-78.0M | $36.2M | ||
| Q4 24 | $303.0M | — | ||
| Q3 24 | $1.7B | $366.8M | ||
| Q2 24 | $92.0M | $304.4M | ||
| Q1 24 | $-214.0M | — |
毛利率CCLCSIQ
| Q4 25 | — | — | ||
| Q3 25 | 46.2% | 17.5% | ||
| Q2 25 | 38.6% | 18.0% | ||
| Q1 25 | 35.2% | 19.0% | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 45.5% | 18.0% | ||
| Q2 24 | 34.3% | 18.7% | ||
| Q1 24 | 31.5% | — |
营业利润率CCLCSIQ
| Q4 25 | 11.6% | — | ||
| Q3 25 | 27.9% | 2.2% | ||
| Q2 25 | 14.8% | 3.3% | ||
| Q1 25 | 9.3% | 3.7% | ||
| Q4 24 | 9.4% | — | ||
| Q3 24 | 27.6% | 7.7% | ||
| Q2 24 | 9.7% | 9.1% | ||
| Q1 24 | 5.1% | — |
净利率CCLCSIQ
| Q4 25 | 6.6% | — | ||
| Q3 25 | 22.7% | 1.3% | ||
| Q2 25 | 8.9% | 2.1% | ||
| Q1 25 | -1.3% | 2.7% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 22.0% | 6.2% | ||
| Q2 24 | 1.6% | 7.5% | ||
| Q1 24 | -4.0% | — |
每股收益（稀释后）CCLCSIQ
| Q4 25 | $0.33 | — | ||
| Q3 25 | $1.33 | — | ||
| Q2 25 | $0.42 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $1.26 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $-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 | $1.9B | $1.7B |
| 总债务越低越好 | $27.4B | — |
| 股东权益账面价值 | $12.3B | $3.9B |
| 总资产 | $51.7B | $13.5B |
| 负债/权益比越低杠杆越低 | 2.23× | — |
8季度趋势，按日历期对齐
现金及短期投资CCLCSIQ
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $833.0M | $1.7B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.6B | $1.9B | ||
| Q1 24 | $2.2B | — |
总债务CCLCSIQ
| Q4 25 | $27.4B | — | ||
| Q3 25 | $27.2B | — | ||
| Q2 25 | $28.0B | — | ||
| Q1 25 | $27.7B | — | ||
| Q4 24 | $28.2B | — | ||
| Q3 24 | $29.6B | — | ||
| Q2 24 | $30.2B | — | ||
| Q1 24 | $31.6B | — |
股东权益CCLCSIQ
| Q4 25 | $12.3B | — | ||
| Q3 25 | $11.9B | $3.9B | ||
| Q2 25 | $10.0B | $3.9B | ||
| Q1 25 | $9.2B | $3.9B | ||
| Q4 24 | $9.3B | — | ||
| Q3 24 | $8.6B | $3.7B | ||
| Q2 24 | $6.8B | $3.7B | ||
| Q1 24 | $6.7B | — |
总资产CCLCSIQ
| Q4 25 | $51.7B | — | ||
| Q3 25 | $50.8B | $13.5B | ||
| Q2 25 | $51.2B | $13.5B | ||
| Q1 25 | $48.5B | $13.5B | ||
| Q4 24 | $49.1B | — | ||
| Q3 24 | $49.8B | $11.9B | ||
| Q2 24 | $49.6B | $11.9B | ||
| Q1 24 | $49.8B | — |
负债/权益比CCLCSIQ
| Q4 25 | 2.23× | — | ||
| Q3 25 | 2.28× | — | ||
| Q2 25 | 2.79× | — | ||
| Q1 25 | 3.02× | — | ||
| Q4 24 | 3.05× | — | ||
| Q3 24 | 3.45× | — | ||
| Q2 24 | 4.43× | — | ||
| Q1 24 | 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 | $1.5B | $-187.7M |
| 自由现金流经营现金流 - 资本支出 | $12.0M | — |
| 自由现金流率自由现金流/营收 | 0.2% | — |
| 资本支出强度资本支出/营收 | 23.8% | — |
| 现金转化率经营现金流/净利润 | 3.61× | -3.26× |
| 过去12个月自由现金流最近4个季度 | $2.6B | — |
8季度趋势，按日历期对齐
经营现金流CCLCSIQ
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $-187.7M | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $925.0M | — | ||
| Q4 24 | $911.0M | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $1.8B | — |
自由现金流CCLCSIQ
| Q4 25 | $12.0M | — | ||
| Q3 25 | $736.0M | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $318.0M | — | ||
| Q4 24 | $319.0M | — | ||
| Q3 24 | $628.0M | — | ||
| Q2 24 | $720.0M | — | ||
| Q1 24 | $-370.0M | — |
自由现金流率CCLCSIQ
| Q4 25 | 0.2% | — | ||
| Q3 25 | 9.0% | — | ||
| Q2 25 | 24.4% | — | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | -6.8% | — |
资本支出强度CCLCSIQ
| Q4 25 | 23.8% | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 10.4% | — | ||
| Q4 24 | 10.0% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 22.8% | — | ||
| Q1 24 | 39.5% | — |
现金转化率CCLCSIQ
| Q4 25 | 3.61× | — | ||
| Q3 25 | 0.75× | -3.26× | ||
| Q2 25 | 4.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.01× | — | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | 22.16× | — | ||
| Q1 24 | — | — |
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
CCL
| Cruise Passenger Ticket | $4.1B | 64% |
| Other | $2.2B | 34% |
| Cruise | $90.0M | 1% |
| Tour And Other | $29.0M | 0% |
CSIQ
暂无分部数据
