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AMERICOLD REALTY TRUST（COLD）与诺唯真游轮控股（LINE）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是AMERICOLD REALTY TRUST的2.1倍（$1.4B vs $643.1M），诺唯真游轮控股净利率更高（-7.3% vs -13.7%，领先6.5%），诺唯真游轮控股同比增速更快（3.1% vs -0.7%），诺唯真游轮控股自由现金流更多（$35.0M vs $-12.2M）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
COLD vs LINE — 直观对比
营收规模更大
LINE
是对方的2.1倍
$643.1M
营收增速更快
LINE
高出3.8%
-0.7%
净利率更高
LINE
高出6.5%
-13.7%
自由现金流更多
LINE
多$47.2M
$-12.2M
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $1.4B |
| 净利润 | $-88.3M | $-100.0M |
| 毛利率 | 31.3% | 32.3% |
| 营业利润率 | -10.8% | 2.5% |
| 净利率 | -13.7% | -7.3% |
| 营收同比 | -0.7% | 3.1% |
| 净利润同比 | -143.9% | 79.4% |
| 每股收益（稀释后） | $-0.31 | $-0.44 |
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COLDLINE
| Q4 25 | $643.1M | — | ||
| Q3 25 | $649.0M | $1.4B | ||
| Q2 25 | $635.1M | $1.4B | ||
| Q1 25 | $613.7M | $1.3B | ||
| Q4 24 | $647.4M | $1.3B | ||
| Q3 24 | $660.4M | $1.3B | ||
| Q2 24 | $645.6M | $1.3B | ||
| Q1 24 | $651.4M | $1.3B |
净利润COLDLINE
| Q4 25 | $-88.3M | — | ||
| Q3 25 | $-11.4M | $-100.0M | ||
| Q2 25 | $1.5M | $-6.0M | ||
| Q1 25 | $-16.4M | $0 | ||
| Q4 24 | $-36.2M | $-71.0M | ||
| Q3 24 | $-3.7M | $-485.0M | ||
| Q2 24 | $-64.1M | $-68.0M | ||
| Q1 24 | $9.7M | $-40.0M |
毛利率COLDLINE
| Q4 25 | 31.3% | — | ||
| Q3 25 | 29.3% | 32.3% | ||
| Q2 25 | 30.9% | 31.9% | ||
| Q1 25 | 31.1% | 32.2% | ||
| Q4 24 | 29.7% | 32.3% | ||
| Q3 24 | 29.6% | 32.8% | ||
| Q2 24 | 31.0% | 33.4% | ||
| Q1 24 | 30.3% | 33.4% |
营业利润率COLDLINE
| Q4 25 | -10.8% | — | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 5.9% | 1.7% | ||
| Q1 25 | 3.6% | 4.3% | ||
| Q4 24 | -1.8% | -1.6% | ||
| Q3 24 | 4.6% | -38.6% | ||
| Q2 24 | 9.8% | 5.5% | ||
| Q1 24 | 6.4% | 7.6% |
净利率COLDLINE
| Q4 25 | -13.7% | — | ||
| Q3 25 | -1.8% | -7.3% | ||
| Q2 25 | 0.2% | -0.4% | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | -5.6% | -5.3% | ||
| Q3 24 | -0.6% | -36.3% | ||
| Q2 24 | -9.9% | -5.1% | ||
| Q1 24 | 1.5% | -3.0% |
每股收益（稀释后）COLDLINE
| Q4 25 | $-0.31 | — | ||
| Q3 25 | $-0.04 | $-0.44 | ||
| Q2 25 | $0.01 | $-0.03 | ||
| Q1 25 | $-0.06 | $0.01 | ||
| Q4 24 | $-0.12 | $-0.52 | ||
| Q3 24 | $-0.01 | $-2.44 | ||
| Q2 24 | $-0.23 | $-0.46 | ||
| Q1 24 | $0.03 | $-0.28 |
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 | $136.9M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $8.4B |
| 总资产 | $8.1B | $19.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COLDLINE
| Q4 25 | $136.9M | — | ||
| Q3 25 | $33.3M | — | ||
| Q2 25 | $101.4M | — | ||
| Q1 25 | $38.9M | — | ||
| Q4 24 | $47.7M | $173.0M | ||
| Q3 24 | $61.3M | $409.0M | ||
| Q2 24 | $44.2M | $73.0M | ||
| Q1 24 | $59.2M | — |
股东权益COLDLINE
| Q4 25 | $2.9B | — | ||
| Q3 25 | $3.0B | $8.4B | ||
| Q2 25 | $3.1B | $8.6B | ||
| Q1 25 | $3.2B | $8.6B | ||
| Q4 24 | $3.3B | $8.6B | ||
| Q3 24 | $3.4B | $9.0B | ||
| Q2 24 | $3.4B | $4.9B | ||
| Q1 24 | $3.6B | $5.6B |
总资产COLDLINE
| Q4 25 | $8.1B | — | ||
| Q3 25 | $8.1B | $19.2B | ||
| Q2 25 | $8.1B | $19.4B | ||
| Q1 25 | $7.8B | $18.8B | ||
| Q4 24 | $7.7B | $18.7B | ||
| Q3 24 | $7.9B | $19.3B | ||
| Q2 24 | $7.8B | $18.8B | ||
| Q1 24 | $7.8B | — |
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 | $130.2M | $230.0M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $35.0M |
| 自由现金流率自由现金流/营收 | -1.9% | 2.5% |
| 资本支出强度资本支出/营收 | 22.1% | 14.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-217.2M | — |
8季度趋势，按日历期对齐
经营现金流COLDLINE
| Q4 25 | $130.2M | — | ||
| Q3 25 | $78.9M | $230.0M | ||
| Q2 25 | $120.3M | $258.0M | ||
| Q1 25 | $30.2M | $139.0M | ||
| Q4 24 | $162.6M | — | ||
| Q3 24 | $50.6M | $186.0M | ||
| Q2 24 | $136.7M | $155.0M | ||
| Q1 24 | $62.0M | $105.0M |
自由现金流COLDLINE
| Q4 25 | $-12.2M | — | ||
| Q3 25 | $-65.4M | $35.0M | ||
| Q2 25 | $-57.4M | $95.0M | ||
| Q1 25 | $-82.3M | $-12.0M | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $-44.5M | $33.0M | ||
| Q2 24 | $73.3M | $-31.0M | ||
| Q1 24 | $16.2M | $-42.0M |
自由现金流率COLDLINE
| Q4 25 | -1.9% | — | ||
| Q3 25 | -10.1% | 2.5% | ||
| Q2 25 | -9.0% | 7.0% | ||
| Q1 25 | -13.4% | -0.9% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | -6.7% | 2.5% | ||
| Q2 24 | 11.4% | -2.3% | ||
| Q1 24 | 2.5% | -3.2% |
资本支出强度COLDLINE
| Q4 25 | 22.1% | — | ||
| Q3 25 | 22.2% | 14.2% | ||
| Q2 25 | 28.0% | 12.1% | ||
| Q1 25 | 18.3% | 11.7% | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 14.4% | 11.5% | ||
| Q2 24 | 9.8% | 13.9% | ||
| Q1 24 | 7.0% | 11.1% |
现金转化率COLDLINE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 78.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.36× | — |
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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
