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嘉年华集团（CCL）与固安捷（GWW）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固安捷的1.4倍（$6.3B vs $4.4B），固安捷净利率更高（10.2% vs 6.6%，领先3.5%），嘉年华集团同比增速更快（6.6% vs 4.5%），固安捷自由现金流更多（$269.0M vs $12.0M），过去两年嘉年华集团的营收复合增速更高（8.2% vs 2.2%）
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。
W.W. Grainger（固安捷）是1927年在芝加哥成立的美国财富500强工业用品供应商，最初以稳定供应电机为创立初衷，目前服务全球超450万客户，主营电机、照明、物料搬运设备、紧固件、管件、工具、安防用品等，还提供库存管理及技术支持服务。
CCL vs GWW — 直观对比
营收规模更大
CCL
是对方的1.4倍
$4.4B
营收增速更快
CCL
高出2.1%
4.5%
净利率更高
GWW
高出3.5%
6.6%
自由现金流更多
GWW
多$257.0M
$12.0M
两年增速更快
CCL
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $4.4B |
| 净利润 | $421.0M | $451.0M |
| 毛利率 | — | 39.5% |
| 营业利润率 | 11.6% | 14.3% |
| 净利率 | 6.6% | 10.2% |
| 营收同比 | 6.6% | 4.5% |
| 净利润同比 | 38.9% | -5.1% |
| 每股收益（稀释后） | $0.33 | $9.45 |
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CCLGWW
| Q4 25 | $6.3B | $4.4B | ||
| Q3 25 | $8.2B | $4.7B | ||
| Q2 25 | $6.3B | $4.6B | ||
| Q1 25 | $5.8B | $4.3B | ||
| Q4 24 | $5.9B | $4.2B | ||
| Q3 24 | $7.9B | $4.4B | ||
| Q2 24 | $5.8B | $4.3B | ||
| Q1 24 | $5.4B | $4.2B |
净利润CCLGWW
| Q4 25 | $421.0M | $451.0M | ||
| Q3 25 | $1.9B | $294.0M | ||
| Q2 25 | $565.0M | $482.0M | ||
| Q1 25 | $-78.0M | $479.0M | ||
| Q4 24 | $303.0M | $475.0M | ||
| Q3 24 | $1.7B | $486.0M | ||
| Q2 24 | $92.0M | $470.0M | ||
| Q1 24 | $-214.0M | $478.0M |
毛利率CCLGWW
| Q4 25 | — | 39.5% | ||
| Q3 25 | 46.2% | 38.6% | ||
| Q2 25 | 38.6% | 38.5% | ||
| Q1 25 | 35.2% | 39.7% | ||
| Q4 24 | 35.5% | 39.6% | ||
| Q3 24 | 45.5% | 39.2% | ||
| Q2 24 | 34.3% | 39.3% | ||
| Q1 24 | 31.5% | 39.4% |
营业利润率CCLGWW
| Q4 25 | 11.6% | 14.3% | ||
| Q3 25 | 27.9% | 11.0% | ||
| Q2 25 | 14.8% | 14.9% | ||
| Q1 25 | 9.3% | 15.6% | ||
| Q4 24 | 9.4% | 15.0% | ||
| Q3 24 | 27.6% | 15.6% | ||
| Q2 24 | 9.7% | 15.1% | ||
| Q1 24 | 5.1% | 15.8% |
净利率CCLGWW
| Q4 25 | 6.6% | 10.2% | ||
| Q3 25 | 22.7% | 6.3% | ||
| Q2 25 | 8.9% | 10.6% | ||
| Q1 25 | -1.3% | 11.1% | ||
| Q4 24 | 5.1% | 11.2% | ||
| Q3 24 | 22.0% | 11.1% | ||
| Q2 24 | 1.6% | 10.9% | ||
| Q1 24 | -4.0% | 11.3% |
每股收益（稀释后）CCLGWW
| Q4 25 | $0.33 | $9.45 | ||
| Q3 25 | $1.33 | $6.12 | ||
| Q2 25 | $0.42 | $9.97 | ||
| Q1 25 | $-0.06 | $9.86 | ||
| Q4 24 | $0.28 | $9.71 | ||
| Q3 24 | $1.26 | $9.87 | ||
| Q2 24 | $0.07 | $9.51 | ||
| Q1 24 | $-0.17 | $9.62 |
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 | $585.0M |
| 总债务越低越好 | $27.4B | $2.5B |
| 股东权益账面价值 | $12.3B | $3.7B |
| 总资产 | $51.7B | $9.0B |
| 负债/权益比越低杠杆越低 | 2.23× | 0.67× |
8季度趋势，按日历期对齐
现金及短期投资CCLGWW
| Q4 25 | $1.9B | $585.0M | ||
| Q3 25 | $1.8B | $535.0M | ||
| Q2 25 | $2.1B | $597.0M | ||
| Q1 25 | $833.0M | $666.0M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.5B | $1.4B | ||
| Q2 24 | $1.6B | $769.0M | ||
| Q1 24 | $2.2B | $804.0M |
总债务CCLGWW
| Q4 25 | $27.4B | $2.5B | ||
| Q3 25 | $27.2B | $2.4B | ||
| Q2 25 | $28.0B | $2.3B | ||
| Q1 25 | $27.7B | $2.3B | ||
| Q4 24 | $28.2B | $2.8B | ||
| Q3 24 | $29.6B | $2.3B | ||
| Q2 24 | $30.2B | $1.8B | ||
| Q1 24 | $31.6B | $1.8B |
股东权益CCLGWW
| Q4 25 | $12.3B | $3.7B | ||
| Q3 25 | $11.9B | $3.6B | ||
| Q2 25 | $10.0B | $3.7B | ||
| Q1 25 | $9.2B | $3.5B | ||
| Q4 24 | $9.3B | $3.4B | ||
| Q3 24 | $8.6B | $3.5B | ||
| Q2 24 | $6.8B | $3.3B | ||
| Q1 24 | $6.7B | $3.2B |
总资产CCLGWW
| Q4 25 | $51.7B | $9.0B | ||
| Q3 25 | $50.8B | $8.8B | ||
| Q2 25 | $51.2B | $8.9B | ||
| Q1 25 | $48.5B | $8.7B | ||
| Q4 24 | $49.1B | $8.8B | ||
| Q3 24 | $49.8B | $9.1B | ||
| Q2 24 | $49.6B | $8.4B | ||
| Q1 24 | $49.8B | $8.4B |
负债/权益比CCLGWW
| Q4 25 | 2.23× | 0.67× | ||
| Q3 25 | 2.28× | 0.67× | ||
| Q2 25 | 2.79× | 0.64× | ||
| Q1 25 | 3.02× | 0.66× | ||
| Q4 24 | 3.05× | 0.83× | ||
| Q3 24 | 3.45× | 0.65× | ||
| Q2 24 | 4.43× | 0.54× | ||
| Q1 24 | 4.72× | 0.56× |
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 | $395.0M |
| 自由现金流经营现金流 - 资本支出 | $12.0M | $269.0M |
| 自由现金流率自由现金流/营收 | 0.2% | 6.1% |
| 资本支出强度资本支出/营收 | 23.8% | 2.8% |
| 现金转化率经营现金流/净利润 | 3.61× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $1.3B |
8季度趋势，按日历期对齐
经营现金流CCLGWW
| Q4 25 | $1.5B | $395.0M | ||
| Q3 25 | $1.4B | $597.0M | ||
| Q2 25 | $2.4B | $377.0M | ||
| Q1 25 | $925.0M | $646.0M | ||
| Q4 24 | $911.0M | $428.0M | ||
| Q3 24 | $1.2B | $611.0M | ||
| Q2 24 | $2.0B | $411.0M | ||
| Q1 24 | $1.8B | $661.0M |
自由现金流CCLGWW
| Q4 25 | $12.0M | $269.0M | ||
| Q3 25 | $736.0M | $339.0M | ||
| Q2 25 | $1.5B | $202.0M | ||
| Q1 25 | $318.0M | $521.0M | ||
| Q4 24 | $319.0M | $170.0M | ||
| Q3 24 | $628.0M | $523.0M | ||
| Q2 24 | $720.0M | $335.0M | ||
| Q1 24 | $-370.0M | $542.0M |
自由现金流率CCLGWW
| Q4 25 | 0.2% | 6.1% | ||
| Q3 25 | 9.0% | 7.3% | ||
| Q2 25 | 24.4% | 4.4% | ||
| Q1 25 | 5.5% | 12.1% | ||
| Q4 24 | 5.4% | 4.0% | ||
| Q3 24 | 8.0% | 11.9% | ||
| Q2 24 | 12.5% | 7.8% | ||
| Q1 24 | -6.8% | 12.8% |
资本支出强度CCLGWW
| Q4 25 | 23.8% | 2.8% | ||
| Q3 25 | 7.9% | 5.5% | ||
| Q2 25 | 13.4% | 3.8% | ||
| Q1 25 | 10.4% | 2.9% | ||
| Q4 24 | 10.0% | 6.1% | ||
| Q3 24 | 7.3% | 2.0% | ||
| Q2 24 | 22.8% | 1.8% | ||
| Q1 24 | 39.5% | 2.8% |
现金转化率CCLGWW
| Q4 25 | 3.61× | 0.88× | ||
| Q3 25 | 0.75× | 2.03× | ||
| Q2 25 | 4.23× | 0.78× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | 3.01× | 0.90× | ||
| Q3 24 | 0.69× | 1.26× | ||
| Q2 24 | 22.16× | 0.87× | ||
| Q1 24 | — | 1.38× |
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% |
GWW
暂无分部数据
