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CLEVELAND-CLIFFS INC.（CLF）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
CLEVELAND-CLIFFS INC.的季度营收约是皇家加勒比集团的1.0倍（$4.3B vs $4.3B），皇家加勒比集团净利率更高（17.9% vs -5.6%，领先23.5%），皇家加勒比集团同比增速更快（13.2% vs -0.3%），过去两年皇家加勒比集团的营收复合增速更高（1.8% vs -8.9%）
克利夫兰-克利夫斯公司是总部位于美国俄亥俄州克利夫兰的钢铁制造商，业务覆盖铁矿石开采、选矿、造球及钢铁冶炼，包含冲压与模具制造，是美国第二大钢铁生产商、北美最大扁钢生产商，位列财富500强第221位、福布斯全球2000强第1511位。
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。
CLF vs RCL — 直观对比
营收规模更大
CLF
是对方的1.0倍
$4.3B
营收增速更快
RCL
高出13.5%
-0.3%
净利率更高
RCL
高出23.5%
-5.6%
两年增速更快
RCL
近两年复合增速
-8.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $4.3B |
| 净利润 | $-241.0M | $762.0M |
| 毛利率 | -5.0% | — |
| 营业利润率 | -7.9% | 21.9% |
| 净利率 | -5.6% | 17.9% |
| 营收同比 | -0.3% | 13.2% |
| 净利润同比 | 46.1% | 36.3% |
| 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CLFRCL
| Q1 26 | — | $4.3B | ||
| Q4 25 | $4.3B | $4.3B | ||
| Q3 25 | $4.7B | $5.1B | ||
| Q2 25 | $4.9B | $4.5B | ||
| Q1 25 | $4.6B | $4.0B | ||
| Q4 24 | $4.3B | $3.8B | ||
| Q3 24 | $4.6B | $4.9B | ||
| Q2 24 | $5.1B | $4.1B |
净利润CLFRCL
| Q1 26 | — | $762.0M | ||
| Q4 25 | $-241.0M | $753.0M | ||
| Q3 25 | $-251.0M | $1.6B | ||
| Q2 25 | $-470.0M | $1.2B | ||
| Q1 25 | $-483.0M | $730.0M | ||
| Q4 24 | $-447.0M | $552.0M | ||
| Q3 24 | $-242.0M | $1.1B | ||
| Q2 24 | $2.0M | $854.0M |
毛利率CLFRCL
| Q1 26 | — | — | ||
| Q4 25 | -5.0% | 47.4% | ||
| Q3 25 | -1.0% | 51.8% | ||
| Q2 25 | -4.2% | 49.7% | ||
| Q1 25 | -8.4% | 48.0% | ||
| Q4 24 | -6.3% | 45.4% | ||
| Q3 24 | -2.3% | 51.1% | ||
| Q2 24 | 3.2% | 47.6% |
营业利润率CLFRCL
| Q1 26 | — | 21.9% | ||
| Q4 25 | -7.9% | 21.9% | ||
| Q3 25 | -4.3% | 33.1% | ||
| Q2 25 | -10.1% | 29.3% | ||
| Q1 25 | -11.6% | 23.6% | ||
| Q4 24 | -10.8% | 16.6% | ||
| Q3 24 | -5.7% | 33.4% | ||
| Q2 24 | 0.1% | 26.7% |
净利率CLFRCL
| Q1 26 | — | 17.9% | ||
| Q4 25 | -5.6% | 17.7% | ||
| Q3 25 | -5.3% | 30.6% | ||
| Q2 25 | -9.5% | 26.7% | ||
| Q1 25 | -10.4% | 18.3% | ||
| Q4 24 | -10.3% | 14.7% | ||
| Q3 24 | -5.3% | 22.7% | ||
| Q2 24 | 0.0% | 20.8% |
每股收益（稀释后）CLFRCL
| Q1 26 | — | $2.76 | ||
| Q4 25 | — | $2.76 | ||
| Q3 25 | $-0.51 | $5.74 | ||
| Q2 25 | — | $4.41 | ||
| Q1 25 | — | $2.70 | ||
| Q4 24 | $-0.91 | $2.27 | ||
| Q3 24 | $-0.52 | $4.21 | ||
| Q2 24 | $0.00 | $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 | $57.0M | $825.0M |
| 总债务越低越好 | $7.3B | $21.3B |
| 股东权益账面价值 | $6.1B | $10.2B |
| 总资产 | $20.0B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.19× | 2.08× |
8季度趋势，按日历期对齐
现金及短期投资CLFRCL
| Q1 26 | — | $825.0M | ||
| Q4 25 | $57.0M | $825.0M | ||
| Q3 25 | $66.0M | $432.0M | ||
| Q2 25 | $61.0M | $735.0M | ||
| Q1 25 | $57.0M | $386.0M | ||
| Q4 24 | $54.0M | $388.0M | ||
| Q3 24 | $39.0M | $418.0M | ||
| Q2 24 | $110.0M | $391.0M |
总债务CLFRCL
| Q1 26 | — | $21.3B | ||
| Q4 25 | $7.3B | $18.2B | ||
| Q3 25 | $8.0B | $17.2B | ||
| Q2 25 | $7.7B | $17.6B | ||
| Q1 25 | $7.6B | $18.0B | ||
| Q4 24 | $7.1B | $18.5B | ||
| Q3 24 | $3.8B | $19.0B | ||
| Q2 24 | $3.5B | $19.8B |
股东权益CLFRCL
| Q1 26 | — | $10.2B | ||
| Q4 25 | $6.1B | $10.0B | ||
| Q3 25 | $5.5B | $10.1B | ||
| Q2 25 | $5.8B | $9.2B | ||
| Q1 25 | $6.3B | $8.0B | ||
| Q4 24 | $6.7B | $7.6B | ||
| Q3 24 | $6.9B | $7.0B | ||
| Q2 24 | $7.1B | $6.0B |
总资产CLFRCL
| Q1 26 | — | $41.6B | ||
| Q4 25 | $20.0B | $41.6B | ||
| Q3 25 | $20.3B | $40.1B | ||
| Q2 25 | $20.5B | $38.5B | ||
| Q1 25 | $20.8B | $37.5B | ||
| Q4 24 | $20.9B | $37.1B | ||
| Q3 24 | $16.8B | $37.1B | ||
| Q2 24 | $16.9B | $37.0B |
负债/权益比CLFRCL
| Q1 26 | — | 2.08× | ||
| Q4 25 | 1.19× | 1.81× | ||
| Q3 25 | 1.47× | 1.70× | ||
| Q2 25 | 1.33× | 1.92× | ||
| Q1 25 | 1.22× | 2.26× | ||
| Q4 24 | 1.06× | 2.44× | ||
| Q3 24 | 0.55× | 2.69× | ||
| Q2 24 | 0.49× | 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 | $-13.0M | $6.5B |
| 自由现金流经营现金流 - 资本支出 | $-153.0M | — |
| 自由现金流率自由现金流/营收 | -3.5% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | — | 8.48× |
| 过去12个月自由现金流最近4个季度 | $-1.0B | — |
8季度趋势，按日历期对齐
经营现金流CLFRCL
| Q1 26 | — | $6.5B | ||
| Q4 25 | $-13.0M | $1.6B | ||
| Q3 25 | $-143.0M | $1.5B | ||
| Q2 25 | $45.0M | $1.7B | ||
| Q1 25 | $-351.0M | $1.6B | ||
| Q4 24 | $-472.0M | $1.5B | ||
| Q3 24 | $-84.0M | $897.0M | ||
| Q2 24 | $519.0M | $1.6B |
自由现金流CLFRCL
| Q1 26 | — | — | ||
| Q4 25 | $-153.0M | $116.0M | ||
| Q3 25 | $-300.0M | $-989.0M | ||
| Q2 25 | $-67.0M | $910.0M | ||
| Q1 25 | $-503.0M | $1.2B | ||
| Q4 24 | $-677.0M | $915.0M | ||
| Q3 24 | $-235.0M | $563.0M | ||
| Q2 24 | $362.0M | $-567.0M |
自由现金流率CLFRCL
| Q1 26 | — | — | ||
| Q4 25 | -3.5% | 2.7% | ||
| Q3 25 | -6.3% | -19.2% | ||
| Q2 25 | -1.4% | 20.1% | ||
| Q1 25 | -10.9% | 30.0% | ||
| Q4 24 | -15.7% | 24.3% | ||
| Q3 24 | -5.1% | 11.5% | ||
| Q2 24 | 7.1% | -13.8% |
资本支出强度CLFRCL
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 35.4% | ||
| Q3 25 | 3.3% | 47.8% | ||
| Q2 25 | 2.3% | 18.4% | ||
| Q1 25 | 3.3% | 10.7% | ||
| Q4 24 | 4.7% | 14.7% | ||
| Q3 24 | 3.3% | 6.8% | ||
| Q2 24 | 3.1% | 52.1% |
现金转化率CLFRCL
| Q1 26 | — | 8.48× | ||
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | 259.50× | 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
CLF
| Hot Rolled Steel | $1.1B | 27% |
| Automotive | $1.1B | 27% |
| Steel Producers | $555.0M | 13% |
| Cold Rolled Steel | $530.0M | 12% |
| Other | $409.0M | 9% |
| Stainless And Electrical Steel | $404.0M | 9% |
| Other Businesses | $159.0M | 4% |
RCL
暂无分部数据
