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嘉年华集团（CCL）与史密斯菲尔德食品（SFD）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史密斯菲尔德食品的1.7倍（$6.3B vs $3.8B），嘉年华集团净利率更高（6.6% vs 6.6%，领先0.1%），嘉年华集团同比增速更快（6.6% vs 0.8%），过去两年嘉年华集团的营收复合增速更高（8.2% vs 5.5%）
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。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
CCL vs SFD — 直观对比
营收规模更大
CCL
是对方的1.7倍
$3.8B
营收增速更快
CCL
高出5.8%
0.8%
净利率更高
CCL
高出0.1%
6.6%
两年增速更快
CCL
近两年复合增速
5.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.3B | $3.8B |
| 净利润 | $421.0M | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 11.6% | 8.8% |
| 净利率 | 6.6% | 6.6% |
| 营收同比 | 6.6% | 0.8% |
| 净利润同比 | 38.9% | 9.7% |
| 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CCLSFD
| Q1 26 | — | $3.8B | ||
| Q4 25 | $6.3B | $4.2B | ||
| Q3 25 | $8.2B | $3.7B | ||
| Q2 25 | $6.3B | $3.8B | ||
| Q1 25 | $5.8B | $3.8B | ||
| Q4 24 | $5.9B | $4.0B | ||
| Q3 24 | $7.9B | $3.3B | ||
| Q2 24 | $5.8B | $3.4B |
净利润CCLSFD
| Q1 26 | — | $249.0M | ||
| Q4 25 | $421.0M | $327.0M | ||
| Q3 25 | $1.9B | $248.0M | ||
| Q2 25 | $565.0M | $188.0M | ||
| Q1 25 | $-78.0M | $224.0M | ||
| Q4 24 | $303.0M | $205.0M | ||
| Q3 24 | $1.7B | $291.0M | ||
| Q2 24 | $92.0M | $301.0M |
毛利率CCLSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | 46.2% | 12.8% | ||
| Q2 25 | 38.6% | 13.2% | ||
| Q1 25 | 35.2% | 13.5% | ||
| Q4 24 | 35.5% | 13.5% | ||
| Q3 24 | 45.5% | 14.3% | ||
| Q2 24 | 34.3% | 15.4% |
营业利润率CCLSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 11.6% | 9.5% | ||
| Q3 25 | 27.9% | 8.3% | ||
| Q2 25 | 14.8% | 6.9% | ||
| Q1 25 | 9.3% | 8.5% | ||
| Q4 24 | 9.4% | 8.5% | ||
| Q3 24 | 27.6% | 8.5% | ||
| Q2 24 | 9.7% | 9.8% |
净利率CCLSFD
| Q1 26 | — | 6.6% | ||
| Q4 25 | 6.6% | 7.7% | ||
| Q3 25 | 22.7% | 6.6% | ||
| Q2 25 | 8.9% | 5.0% | ||
| Q1 25 | -1.3% | 5.9% | ||
| Q4 24 | 5.1% | 5.2% | ||
| Q3 24 | 22.0% | 8.7% | ||
| Q2 24 | 1.6% | 8.8% |
每股收益（稀释后）CCLSFD
| Q1 26 | — | — | ||
| Q4 25 | $0.33 | $0.83 | ||
| Q3 25 | $1.33 | $0.63 | ||
| Q2 25 | $0.42 | $0.48 | ||
| Q1 25 | $-0.06 | $0.57 | ||
| Q4 24 | $0.28 | $0.54 | ||
| Q3 24 | $1.26 | $0.77 | ||
| Q2 24 | $0.07 | $0.79 |
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 | $1.4B |
| 总债务越低越好 | $27.4B | — |
| 股东权益账面价值 | $12.3B | $6.9B |
| 总资产 | $51.7B | $12.0B |
| 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CCLSFD
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $833.0M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.6B | — |
总债务CCLSFD
| Q1 26 | — | — | ||
| Q4 25 | $27.4B | $2.0B | ||
| Q3 25 | $27.2B | $2.0B | ||
| Q2 25 | $28.0B | $2.0B | ||
| Q1 25 | $27.7B | $2.0B | ||
| Q4 24 | $28.2B | $2.0B | ||
| Q3 24 | $29.6B | — | ||
| Q2 24 | $30.2B | — |
股东权益CCLSFD
| Q1 26 | — | $6.9B | ||
| Q4 25 | $12.3B | $6.8B | ||
| Q3 25 | $11.9B | $6.5B | ||
| Q2 25 | $10.0B | $6.3B | ||
| Q1 25 | $9.2B | $6.2B | ||
| Q4 24 | $9.3B | $5.8B | ||
| Q3 24 | $8.6B | — | ||
| Q2 24 | $6.8B | — |
总资产CCLSFD
| Q1 26 | — | $12.0B | ||
| Q4 25 | $51.7B | $12.2B | ||
| Q3 25 | $50.8B | $11.5B | ||
| Q2 25 | $51.2B | $11.2B | ||
| Q1 25 | $48.5B | $11.1B | ||
| Q4 24 | $49.1B | $11.1B | ||
| Q3 24 | $49.8B | — | ||
| Q2 24 | $49.6B | — |
负债/权益比CCLSFD
| Q1 26 | — | — | ||
| Q4 25 | 2.23× | 0.29× | ||
| Q3 25 | 2.28× | 0.31× | ||
| Q2 25 | 2.79× | 0.32× | ||
| Q1 25 | 3.02× | 0.32× | ||
| Q4 24 | 3.05× | 0.34× | ||
| Q3 24 | 3.45× | — | ||
| Q2 24 | 4.43× | — |
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% | 2.3% |
| 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CCLSFD
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $938.0M | ||
| Q3 25 | $1.4B | $13.0M | ||
| Q2 25 | $2.4B | $274.0M | ||
| Q1 25 | $925.0M | $-166.0M | ||
| Q4 24 | $911.0M | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $2.0B | — |
自由现金流CCLSFD
| Q1 26 | — | — | ||
| Q4 25 | $12.0M | $842.0M | ||
| Q3 25 | $736.0M | $-75.0M | ||
| Q2 25 | $1.5B | $196.0M | ||
| Q1 25 | $318.0M | $-245.0M | ||
| Q4 24 | $319.0M | — | ||
| Q3 24 | $628.0M | — | ||
| Q2 24 | $720.0M | — |
自由现金流率CCLSFD
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 19.9% | ||
| Q3 25 | 9.0% | -2.0% | ||
| Q2 25 | 24.4% | 5.2% | ||
| Q1 25 | 5.5% | -6.5% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 12.5% | — |
资本支出强度CCLSFD
| Q1 26 | — | 2.3% | ||
| Q4 25 | 23.8% | 2.3% | ||
| Q3 25 | 7.9% | 2.3% | ||
| Q2 25 | 13.4% | 2.1% | ||
| Q1 25 | 10.4% | 2.1% | ||
| Q4 24 | 10.0% | 2.1% | ||
| Q3 24 | 7.3% | 2.8% | ||
| Q2 24 | 22.8% | 2.3% |
现金转化率CCLSFD
| Q1 26 | — | — | ||
| Q4 25 | 3.61× | 2.87× | ||
| Q3 25 | 0.75× | 0.05× | ||
| Q2 25 | 4.23× | 1.46× | ||
| Q1 25 | — | -0.74× | ||
| Q4 24 | 3.01× | — | ||
| Q3 24 | 0.69× | — | ||
| Q2 24 | 22.16× | — |
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% |
SFD
暂无分部数据
