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嘉年华集团（CCL）与PILGRIMS PRIDE CORP（PPC）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PILGRIMS PRIDE CORP的1.4倍（$6.3B vs $4.5B），嘉年华集团净利率更高（6.6% vs 2.2%，领先4.4%），嘉年华集团同比增速更快（6.6% vs 1.6%），过去两年嘉年华集团的营收复合增速更高（8.2% vs -0.3%）
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。
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
CCL vs PPC — 直观对比
营收规模更大
CCL
是对方的1.4倍
$4.5B
营收增速更快
CCL
高出5.1%
1.6%
净利率更高
CCL
高出4.4%
2.2%
两年增速更快
CCL
近两年复合增速
-0.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $4.5B |
| 净利润 | $421.0M | $101.5M |
| 毛利率 | — | 7.6% |
| 营业利润率 | 11.6% | 3.6% |
| 净利率 | 6.6% | 2.2% |
| 营收同比 | 6.6% | 1.6% |
| 净利润同比 | 38.9% | — |
| 每股收益（稀释后） | $0.33 | $0.43 |
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CCLPPC
| Q1 26 | — | $4.5B | ||
| Q4 25 | $6.3B | $4.5B | ||
| Q3 25 | $8.2B | $4.8B | ||
| Q2 25 | $6.3B | $4.8B | ||
| Q1 25 | $5.8B | $4.5B | ||
| Q4 24 | $5.9B | $4.4B | ||
| Q3 24 | $7.9B | $4.6B | ||
| Q2 24 | $5.8B | $4.6B |
净利润CCLPPC
| Q1 26 | — | $101.5M | ||
| Q4 25 | $421.0M | $88.0M | ||
| Q3 25 | $1.9B | $342.8M | ||
| Q2 25 | $565.0M | $355.5M | ||
| Q1 25 | $-78.0M | $296.0M | ||
| Q4 24 | $303.0M | $235.9M | ||
| Q3 24 | $1.7B | $349.9M | ||
| Q2 24 | $92.0M | $326.3M |
毛利率CCLPPC
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 9.5% | ||
| Q3 25 | 46.2% | 13.9% | ||
| Q2 25 | 38.6% | 15.0% | ||
| Q1 25 | 35.2% | 12.4% | ||
| Q4 24 | 35.5% | 12.7% | ||
| Q3 24 | 45.5% | 14.9% | ||
| Q2 24 | 34.3% | 15.2% |
营业利润率CCLPPC
| Q1 26 | — | 3.6% | ||
| Q4 25 | 11.6% | 4.5% | ||
| Q3 25 | 27.9% | 10.4% | ||
| Q2 25 | 14.8% | 10.8% | ||
| Q1 25 | 9.3% | 9.1% | ||
| Q4 24 | 9.4% | 7.0% | ||
| Q3 24 | 27.6% | 11.1% | ||
| Q2 24 | 9.7% | 9.7% |
净利率CCLPPC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 6.6% | 1.9% | ||
| Q3 25 | 22.7% | 7.2% | ||
| Q2 25 | 8.9% | 7.5% | ||
| Q1 25 | -1.3% | 6.6% | ||
| Q4 24 | 5.1% | 5.4% | ||
| Q3 24 | 22.0% | 7.6% | ||
| Q2 24 | 1.6% | 7.2% |
每股收益（稀释后）CCLPPC
| Q1 26 | — | $0.43 | ||
| Q4 25 | $0.33 | $0.37 | ||
| Q3 25 | $1.33 | $1.44 | ||
| Q2 25 | $0.42 | $1.49 | ||
| Q1 25 | $-0.06 | $1.24 | ||
| Q4 24 | $0.28 | $1.00 | ||
| Q3 24 | $1.26 | $1.47 | ||
| Q2 24 | $0.07 | $1.37 |
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 | $542.4M |
| 总债务越低越好 | $27.4B | $3.1B |
| 股东权益账面价值 | $12.3B | $3.7B |
| 总资产 | $51.7B | $10.2B |
| 负债/权益比越低杠杆越低 | 2.23× | 0.83× |
8季度趋势，按日历期对齐
现金及短期投资CCLPPC
| Q1 26 | — | $542.4M | ||
| Q4 25 | $1.9B | $640.2M | ||
| Q3 25 | $1.8B | $612.6M | ||
| Q2 25 | $2.1B | $849.0M | ||
| Q1 25 | $833.0M | $2.1B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.5B | $1.9B | ||
| Q2 24 | $1.6B | $1.3B |
总债务CCLPPC
| Q1 26 | — | $3.1B | ||
| Q4 25 | $27.4B | $3.1B | ||
| Q3 25 | $27.2B | $3.1B | ||
| Q2 25 | $28.0B | $3.1B | ||
| Q1 25 | $27.7B | $3.2B | ||
| Q4 24 | $28.2B | $3.2B | ||
| Q3 24 | $29.6B | $3.2B | ||
| Q2 24 | $30.2B | $3.2B |
股东权益CCLPPC
| Q1 26 | — | $3.7B | ||
| Q4 25 | $12.3B | $3.7B | ||
| Q3 25 | $11.9B | $3.5B | ||
| Q2 25 | $10.0B | $3.7B | ||
| Q1 25 | $9.2B | $3.1B | ||
| Q4 24 | $9.3B | $4.2B | ||
| Q3 24 | $8.6B | $4.2B | ||
| Q2 24 | $6.8B | $3.7B |
总资产CCLPPC
| Q1 26 | — | $10.2B | ||
| Q4 25 | $51.7B | $10.3B | ||
| Q3 25 | $50.8B | $10.0B | ||
| Q2 25 | $51.2B | $10.1B | ||
| Q1 25 | $48.5B | $11.0B | ||
| Q4 24 | $49.1B | $10.7B | ||
| Q3 24 | $49.8B | $10.7B | ||
| Q2 24 | $49.6B | $10.1B |
负债/权益比CCLPPC
| Q1 26 | — | 0.83× | ||
| Q4 25 | 2.23× | 0.84× | ||
| Q3 25 | 2.28× | 0.87× | ||
| Q2 25 | 2.79× | 0.83× | ||
| Q1 25 | 3.02× | 1.02× | ||
| Q4 24 | 3.05× | 0.76× | ||
| Q3 24 | 3.45× | 0.76× | ||
| Q2 24 | 4.43× | 0.85× |
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 | — |
| 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× | — |
| 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CCLPPC
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $291.2M | ||
| Q3 25 | $1.4B | $458.3M | ||
| Q2 25 | $2.4B | $495.2M | ||
| Q1 25 | $925.0M | $126.9M | ||
| Q4 24 | $911.0M | $349.3M | ||
| Q3 24 | $1.2B | $651.1M | ||
| Q2 24 | $2.0B | $718.6M |
自由现金流CCLPPC
| Q1 26 | — | — | ||
| Q4 25 | $12.0M | $10.0M | ||
| Q3 25 | $736.0M | $275.9M | ||
| Q2 25 | $1.5B | $339.1M | ||
| Q1 25 | $318.0M | $28.1M | ||
| Q4 24 | $319.0M | $176.6M | ||
| Q3 24 | $628.0M | $565.3M | ||
| Q2 24 | $720.0M | $617.7M |
自由现金流率CCLPPC
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 0.2% | ||
| Q3 25 | 9.0% | 5.8% | ||
| Q2 25 | 24.4% | 7.1% | ||
| Q1 25 | 5.5% | 0.6% | ||
| Q4 24 | 5.4% | 4.0% | ||
| Q3 24 | 8.0% | 12.3% | ||
| Q2 24 | 12.5% | 13.5% |
资本支出强度CCLPPC
| Q1 26 | — | — | ||
| Q4 25 | 23.8% | 6.2% | ||
| Q3 25 | 7.9% | 3.8% | ||
| Q2 25 | 13.4% | 3.3% | ||
| Q1 25 | 10.4% | 2.2% | ||
| Q4 24 | 10.0% | 4.0% | ||
| Q3 24 | 7.3% | 1.9% | ||
| Q2 24 | 22.8% | 2.2% |
现金转化率CCLPPC
| Q1 26 | — | — | ||
| Q4 25 | 3.61× | 3.31× | ||
| Q3 25 | 0.75× | 1.34× | ||
| Q2 25 | 4.23× | 1.39× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | 3.01× | 1.48× | ||
| Q3 24 | 0.69× | 1.86× | ||
| Q2 24 | 22.16× | 2.20× |
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% |
PPC
| U.S | $2.6B | 58% |
| Europe | $1.4B | 30% |
| Mexico | $545.5M | 12% |
