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嘉年华集团（CCL）与LPL Financial Holdings Inc.（LPLA）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LPL Financial Holdings Inc.的1.3倍（$6.3B vs $4.9B），嘉年华集团净利率更高（6.6% vs 6.1%，领先0.6%），LPL Financial Holdings Inc.同比增速更快（40.4% vs 6.6%），LPL Financial Holdings Inc.自由现金流更多（$613.3M vs $12.0M），过去两年LPL Financial Holdings Inc.的营收复合增速更高（32.0% vs 8.2%）
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。
LPL Financial Holdings Inc.成立于1989年，是美国规模最大的独立经纪自营商。截至2021年，公司拥有超17500名财务顾问，咨询及经纪类资产规模超1万亿美元，2023财年总营收约103亿美元，在波士顿、福特米尔、奥斯汀、圣迭戈设有核心办事处，是FINRA和SIPC成员。
CCL vs LPLA — 直观对比
营收规模更大
CCL
是对方的1.3倍
$4.9B
营收增速更快
LPLA
高出33.8%
6.6%
净利率更高
CCL
高出0.6%
6.1%
自由现金流更多
LPLA
多$601.3M
$12.0M
两年增速更快
LPLA
近两年复合增速
8.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $4.9B |
| 净利润 | $421.0M | $300.7M |
| 毛利率 | — | — |
| 营业利润率 | 11.6% | 8.1% |
| 净利率 | 6.6% | 6.1% |
| 营收同比 | 6.6% | 40.4% |
| 净利润同比 | 38.9% | 11.1% |
| 每股收益（稀释后） | $0.33 | $3.65 |
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CCLLPLA
| Q4 25 | $6.3B | $4.9B | ||
| Q3 25 | $8.2B | $4.6B | ||
| Q2 25 | $6.3B | $3.8B | ||
| Q1 25 | $5.8B | $3.7B | ||
| Q4 24 | $5.9B | $3.5B | ||
| Q3 24 | $7.9B | $3.1B | ||
| Q2 24 | $5.8B | $2.9B | ||
| Q1 24 | $5.4B | $2.8B |
净利润CCLLPLA
| Q4 25 | $421.0M | $300.7M | ||
| Q3 25 | $1.9B | $-29.5M | ||
| Q2 25 | $565.0M | $273.2M | ||
| Q1 25 | $-78.0M | $318.6M | ||
| Q4 24 | $303.0M | $270.7M | ||
| Q3 24 | $1.7B | $255.3M | ||
| Q2 24 | $92.0M | $243.8M | ||
| Q1 24 | $-214.0M | $288.8M |
毛利率CCLLPLA
| Q4 25 | — | — | ||
| Q3 25 | 46.2% | — | ||
| Q2 25 | 38.6% | — | ||
| Q1 25 | 35.2% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 45.5% | — | ||
| Q2 24 | 34.3% | — | ||
| Q1 24 | 31.5% | — |
营业利润率CCLLPLA
| Q4 25 | 11.6% | 8.1% | ||
| Q3 25 | 27.9% | -0.7% | ||
| Q2 25 | 14.8% | 9.6% | ||
| Q1 25 | 9.3% | 11.4% | ||
| Q4 24 | 9.4% | 9.7% | ||
| Q3 24 | 27.6% | 11.2% | ||
| Q2 24 | 9.7% | 11.3% | ||
| Q1 24 | 5.1% | 13.2% |
净利率CCLLPLA
| Q4 25 | 6.6% | 6.1% | ||
| Q3 25 | 22.7% | -0.6% | ||
| Q2 25 | 8.9% | 7.1% | ||
| Q1 25 | -1.3% | 8.7% | ||
| Q4 24 | 5.1% | 7.7% | ||
| Q3 24 | 22.0% | 8.2% | ||
| Q2 24 | 1.6% | 8.3% | ||
| Q1 24 | -4.0% | 10.2% |
每股收益（稀释后）CCLLPLA
| Q4 25 | $0.33 | $3.65 | ||
| Q3 25 | $1.33 | $-0.37 | ||
| Q2 25 | $0.42 | $3.40 | ||
| Q1 25 | $-0.06 | $4.24 | ||
| Q4 24 | $0.28 | $3.58 | ||
| Q3 24 | $1.26 | $3.39 | ||
| Q2 24 | $0.07 | $3.23 | ||
| Q1 24 | $-0.17 | $3.83 |
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 | $1.1B |
| 总债务越低越好 | $27.4B | $7.3B |
| 股东权益账面价值 | $12.3B | $5.3B |
| 总资产 | $51.7B | $18.5B |
| 负债/权益比越低杠杆越低 | 2.23× | 1.36× |
8季度趋势，按日历期对齐
现金及短期投资CCLLPLA
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $2.1B | $4.3B | ||
| Q1 25 | $833.0M | $1.4B | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.6B | $1.4B | ||
| Q1 24 | $2.2B | $1.2B |
总债务CCLLPLA
| Q4 25 | $27.4B | $7.3B | ||
| Q3 25 | $27.2B | $7.5B | ||
| Q2 25 | $28.0B | $7.2B | ||
| Q1 25 | $27.7B | $5.7B | ||
| Q4 24 | $28.2B | $5.5B | ||
| Q3 24 | $29.6B | $4.4B | ||
| Q2 24 | $30.2B | $4.4B | ||
| Q1 24 | $31.6B | $3.9B |
股东权益CCLLPLA
| Q4 25 | $12.3B | $5.3B | ||
| Q3 25 | $11.9B | $5.0B | ||
| Q2 25 | $10.0B | $5.1B | ||
| Q1 25 | $9.2B | $3.1B | ||
| Q4 24 | $9.3B | $2.9B | ||
| Q3 24 | $8.6B | $2.8B | ||
| Q2 24 | $6.8B | $2.5B | ||
| Q1 24 | $6.7B | $2.3B |
总资产CCLLPLA
| Q4 25 | $51.7B | $18.5B | ||
| Q3 25 | $50.8B | $18.0B | ||
| Q2 25 | $51.2B | $17.5B | ||
| Q1 25 | $48.5B | $14.0B | ||
| Q4 24 | $49.1B | $13.3B | ||
| Q3 24 | $49.8B | $11.9B | ||
| Q2 24 | $49.6B | $11.5B | ||
| Q1 24 | $49.8B | $11.0B |
负债/权益比CCLLPLA
| Q4 25 | 2.23× | 1.36× | ||
| Q3 25 | 2.28× | 1.49× | ||
| Q2 25 | 2.79× | 1.41× | ||
| Q1 25 | 3.02× | 1.82× | ||
| Q4 24 | 3.05× | 1.87× | ||
| Q3 24 | 3.45× | 1.60× | ||
| Q2 24 | 4.43× | 1.77× | ||
| Q1 24 | 4.72× | 1.70× |
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 | $785.0M |
| 自由现金流经营现金流 - 资本支出 | $12.0M | $613.3M |
| 自由现金流率自由现金流/营收 | 0.2% | 12.4% |
| 资本支出强度资本支出/营收 | 23.8% | 3.5% |
| 现金转化率经营现金流/净利润 | 3.61× | 2.61× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $-981.8M |
8季度趋势，按日历期对齐
经营现金流CCLLPLA
| Q4 25 | $1.5B | $785.0M | ||
| Q3 25 | $1.4B | $-1.7B | ||
| Q2 25 | $2.4B | $193.3M | ||
| Q1 25 | $925.0M | $339.8M | ||
| Q4 24 | $911.0M | $-178.8M | ||
| Q3 24 | $1.2B | $209.3M | ||
| Q2 24 | $2.0B | $-178.9M | ||
| Q1 24 | $1.8B | $425.9M |
自由现金流CCLLPLA
| Q4 25 | $12.0M | $613.3M | ||
| Q3 25 | $736.0M | $-1.9B | ||
| Q2 25 | $1.5B | $56.3M | ||
| Q1 25 | $318.0M | $220.3M | ||
| Q4 24 | $319.0M | $-344.3M | ||
| Q3 24 | $628.0M | $62.3M | ||
| Q2 24 | $720.0M | $-307.8M | ||
| Q1 24 | $-370.0M | $304.9M |
自由现金流率CCLLPLA
| Q4 25 | 0.2% | 12.4% | ||
| Q3 25 | 9.0% | -41.1% | ||
| Q2 25 | 24.4% | 1.5% | ||
| Q1 25 | 5.5% | 6.0% | ||
| Q4 24 | 5.4% | -9.8% | ||
| Q3 24 | 8.0% | 2.0% | ||
| Q2 24 | 12.5% | -10.5% | ||
| Q1 24 | -6.8% | 10.8% |
资本支出强度CCLLPLA
| Q4 25 | 23.8% | 3.5% | ||
| Q3 25 | 7.9% | 3.1% | ||
| Q2 25 | 13.4% | 3.6% | ||
| Q1 25 | 10.4% | 3.3% | ||
| Q4 24 | 10.0% | 4.7% | ||
| Q3 24 | 7.3% | 4.7% | ||
| Q2 24 | 22.8% | 4.4% | ||
| Q1 24 | 39.5% | 4.3% |
现金转化率CCLLPLA
| Q4 25 | 3.61× | 2.61× | ||
| Q3 25 | 0.75× | — | ||
| Q2 25 | 4.23× | 0.71× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | 3.01× | -0.66× | ||
| Q3 24 | 0.69× | 0.82× | ||
| Q2 24 | 22.16× | -0.73× | ||
| Q1 24 | — | 1.47× |
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% |
LPLA
暂无分部数据
