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Cincinnati Financial（CINF）与皇家加勒比集团（RCL）财务数据对比。点击上方公司名可切换其他公司
皇家加勒比集团的季度营收约是Cincinnati Financial的1.5倍（$4.3B vs $2.8B），皇家加勒比集团净利率更高（17.7% vs 9.6%，领先8.1%），皇家加勒比集团同比增速更快（13.3% vs -1.7%），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 5.2%）
辛辛那提金融公司主营财产与意外伤害保险，通过旗下辛辛那提保险公司、辛辛那提赔偿公司及辛辛那提意外伤害保险公司运营核心业务。目前该公司在美国国内财险保费市场占比达1.01%，按市场份额计算位列美国第20大保险公司。
皇家加勒比集团前身为皇家加勒比邮轮有限公司，是仅次于嘉年华公司的全球第二大邮轮运营商。集团总部位于美国佛罗里达州迈阿密，在利比里亚注册，目前全资拥有皇家加勒比国际游轮、名人邮轮、银海邮轮三大品牌，还持有途易邮轮50%的股份。
CINF vs RCL — 直观对比
营收规模更大
RCL
是对方的1.5倍
$2.8B
营收增速更快
RCL
高出15.0%
-1.7%
净利率更高
RCL
高出8.1%
9.6%
两年增速更快
RCL
近两年复合增速
5.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $4.3B |
| 净利润 | $274.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | — | 21.9% |
| 净利率 | 9.6% | 17.7% |
| 营收同比 | -1.7% | 13.3% |
| 净利润同比 | 404.4% | 36.4% |
| 每股收益（稀释后） | — | $2.76 |
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CINFRCL
| Q1 26 | $2.8B | — | ||
| Q4 25 | $3.1B | $4.3B | ||
| Q3 25 | $3.7B | $5.1B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $2.6B | $4.0B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $3.3B | $4.9B | ||
| Q2 24 | $2.5B | $4.1B |
净利润CINFRCL
| Q1 26 | $274.0M | — | ||
| Q4 25 | $676.0M | $753.0M | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $685.0M | $1.2B | ||
| Q1 25 | $-90.0M | $730.0M | ||
| Q4 24 | $405.0M | $552.0M | ||
| Q3 24 | $820.0M | $1.1B | ||
| Q2 24 | $312.0M | $854.0M |
毛利率CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
营业利润率CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | 27.2% | 21.9% | ||
| Q3 25 | 37.9% | 33.1% | ||
| Q2 25 | 26.3% | 29.3% | ||
| Q1 25 | -5.0% | 23.6% | ||
| Q4 24 | 18.9% | 16.6% | ||
| Q3 24 | 31.3% | 33.4% | ||
| Q2 24 | 15.2% | 26.7% |
净利率CINFRCL
| Q1 26 | 9.6% | — | ||
| Q4 25 | 21.9% | 17.7% | ||
| Q3 25 | 30.1% | 30.6% | ||
| Q2 25 | 21.1% | 26.7% | ||
| Q1 25 | -3.5% | 18.3% | ||
| Q4 24 | 16.0% | 14.7% | ||
| Q3 24 | 24.7% | 22.7% | ||
| Q2 24 | 12.3% | 20.8% |
每股收益（稀释后）CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | $4.29 | $2.76 | ||
| Q3 25 | $7.11 | $5.74 | ||
| Q2 25 | $4.34 | $4.41 | ||
| Q1 25 | $-0.57 | $2.70 | ||
| Q4 24 | $2.57 | $2.27 | ||
| Q3 24 | $5.20 | $4.21 | ||
| Q2 24 | $1.98 | $3.11 |
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 | $1.2B | $825.0M |
| 总债务越低越好 | $816.0M | $18.2B |
| 股东权益账面价值 | $15.7B | $10.0B |
| 总资产 | $41.2B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.05× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资CINFRCL
| Q1 26 | $1.2B | — | ||
| Q4 25 | $148.0M | $825.0M | ||
| Q3 25 | $1.6B | $432.0M | ||
| Q2 25 | $1.1B | $735.0M | ||
| Q1 25 | $1.1B | $386.0M | ||
| Q4 24 | $1.3B | $388.0M | ||
| Q3 24 | $1.8B | $418.0M | ||
| Q2 24 | $771.0M | $391.0M |
总债务CINFRCL
| Q1 26 | $816.0M | — | ||
| Q4 25 | $861.0M | $18.2B | ||
| Q3 25 | $858.0M | $17.2B | ||
| Q2 25 | $859.0M | $17.6B | ||
| Q1 25 | $853.0M | $18.0B | ||
| Q4 24 | $850.0M | $18.5B | ||
| Q3 24 | $849.0M | $19.0B | ||
| Q2 24 | $849.0M | $19.8B |
股东权益CINFRCL
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.9B | $10.0B | ||
| Q3 25 | $15.4B | $10.1B | ||
| Q2 25 | $14.3B | $9.2B | ||
| Q1 25 | $13.7B | $8.0B | ||
| Q4 24 | $13.9B | $7.6B | ||
| Q3 24 | $13.8B | $7.0B | ||
| Q2 24 | $12.8B | $6.0B |
总资产CINFRCL
| Q1 26 | $41.2B | — | ||
| Q4 25 | $41.0B | $41.6B | ||
| Q3 25 | $40.6B | $40.1B | ||
| Q2 25 | $38.8B | $38.5B | ||
| Q1 25 | $37.3B | $37.5B | ||
| Q4 24 | $36.5B | $37.1B | ||
| Q3 24 | $37.0B | $37.1B | ||
| Q2 24 | $34.8B | $37.0B |
负债/权益比CINFRCL
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.05× | 1.81× | ||
| Q3 25 | 0.06× | 1.70× | ||
| Q2 25 | 0.06× | 1.92× | ||
| Q1 25 | 0.06× | 2.26× | ||
| Q4 24 | 0.06× | 2.44× | ||
| Q3 24 | 0.06× | 2.69× | ||
| Q2 24 | 0.07× | 3.29× |
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 | — | $1.6B |
| 自由现金流经营现金流 - 资本支出 | — | $116.0M |
| 自由现金流率自由现金流/营收 | — | 2.7% |
| 资本支出强度资本支出/营收 | — | 35.4% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | $947.0M | $1.6B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $741.0M | $1.7B | ||
| Q1 25 | $310.0M | $1.6B | ||
| Q4 24 | $642.0M | $1.5B | ||
| Q3 24 | $912.0M | $897.0M | ||
| Q2 24 | $742.0M | $1.6B |
自由现金流CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | $939.0M | $116.0M | ||
| Q3 25 | $1.1B | $-989.0M | ||
| Q2 25 | $737.0M | $910.0M | ||
| Q1 25 | $307.0M | $1.2B | ||
| Q4 24 | $638.0M | $915.0M | ||
| Q3 24 | $906.0M | $563.0M | ||
| Q2 24 | $737.0M | $-567.0M |
自由现金流率CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | 30.4% | 2.7% | ||
| Q3 25 | 29.8% | -19.2% | ||
| Q2 25 | 22.7% | 20.1% | ||
| Q1 25 | 12.0% | 30.0% | ||
| Q4 24 | 25.1% | 24.3% | ||
| Q3 24 | 27.3% | 11.5% | ||
| Q2 24 | 29.0% | -13.8% |
资本支出强度CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 35.4% | ||
| Q3 25 | 0.1% | 47.8% | ||
| Q2 25 | 0.1% | 18.4% | ||
| Q1 25 | 0.1% | 10.7% | ||
| Q4 24 | 0.2% | 14.7% | ||
| Q3 24 | 0.2% | 6.8% | ||
| Q2 24 | 0.2% | 52.1% |
现金转化率CINFRCL
| Q1 26 | — | — | ||
| Q4 25 | 1.40× | 2.16× | ||
| Q3 25 | 0.99× | 0.93× | ||
| Q2 25 | 1.08× | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | 1.59× | 2.66× | ||
| Q3 24 | 1.11× | 0.81× | ||
| Q2 24 | 2.38× | 1.84× |
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
CINF
| Property casualty | $2.6B | 93% |
| Life | $105.0M | 4% |
| Other | $92.0M | 3% |
| Fee revenues | $1.0M | 0% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
