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Copart（CPRT）与诺唯真游轮控股（NCLH）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Copart的1.9倍（$2.2B vs $1.2B），Copart净利率更高（35.0% vs 0.6%，领先34.3%），诺唯真游轮控股同比增速更快（6.4% vs 0.7%），Copart自由现金流更多（$427.2M vs $21.5M），过去两年Copart的营收复合增速更高（6.4% vs 1.2%）
Copart是一家跨国在线车辆拍卖及再营销服务提供商，服务保险、租车、车队、金融公司等各类汽车经销商，业务覆盖美国、加拿大、英国、德国等11个国家。总部位于美国得克萨斯州达拉斯，拥有200多处实体网点，运营总面积超1万英亩的车辆存放场地。
诺唯真游轮（NCL）1966年创立于挪威，为美国知名游轮运营商，总部设于佛罗里达州迈阿密-戴德县，注册地为巴哈马，由诺唯真游轮控股全资持有。按载客量计算，该品牌为全球第四大游轮公司，2021年占全球游轮市场载客量份额约8.6%。
CPRT vs NCLH — 直观对比
营收规模更大
NCLH
是对方的1.9倍
$1.2B
营收增速更快
NCLH
高出5.7%
0.7%
净利率更高
CPRT
高出34.3%
0.6%
自由现金流更多
CPRT
多$405.7M
$21.5M
两年增速更快
CPRT
近两年复合增速
1.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | $403.7M | $14.3M |
| 毛利率 | — | 41.0% |
| 营业利润率 | 37.3% | 8.3% |
| 净利率 | 35.0% | 0.6% |
| 营收同比 | 0.7% | 6.4% |
| 净利润同比 | 11.5% | -94.4% |
| 每股收益（稀释后） | $0.41 | $0.08 |
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CPRTNCLH
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.1B | $2.9B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.1B | $2.4B | ||
| Q1 24 | $1.0B | $2.2B |
净利润CPRTNCLH
| Q4 25 | $403.7M | $14.3M | ||
| Q3 25 | $396.4M | $419.3M | ||
| Q2 25 | $406.6M | $30.0M | ||
| Q1 25 | $387.4M | $-40.3M | ||
| Q4 24 | $362.1M | $254.5M | ||
| Q3 24 | $322.6M | $474.9M | ||
| Q2 24 | $382.3M | $163.4M | ||
| Q1 24 | $325.6M | $17.4M |
毛利率CPRTNCLH
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 38.7% | ||
| Q1 24 | — | 36.7% |
营业利润率CPRTNCLH
| Q4 25 | 37.3% | 8.3% | ||
| Q3 25 | 36.7% | 25.5% | ||
| Q2 25 | 37.3% | 16.8% | ||
| Q1 25 | 36.6% | 9.4% | ||
| Q4 24 | 35.4% | 10.2% | ||
| Q3 24 | 33.6% | 24.6% | ||
| Q2 24 | 38.8% | 14.4% | ||
| Q1 24 | 37.2% | 10.0% |
净利率CPRTNCLH
| Q4 25 | 35.0% | 0.6% | ||
| Q3 25 | 35.2% | 14.3% | ||
| Q2 25 | 33.6% | 1.2% | ||
| Q1 25 | 33.3% | -1.9% | ||
| Q4 24 | 31.6% | 12.1% | ||
| Q3 24 | 30.2% | 16.9% | ||
| Q2 24 | 33.9% | 6.9% | ||
| Q1 24 | 31.9% | 0.8% |
每股收益（稀释后）CPRTNCLH
| Q4 25 | $0.41 | $0.08 | ||
| Q3 25 | $0.40 | $0.86 | ||
| Q2 25 | $0.42 | $0.07 | ||
| Q1 25 | $0.40 | $-0.09 | ||
| Q4 24 | $0.37 | $0.55 | ||
| Q3 24 | $0.34 | $0.95 | ||
| Q2 24 | $0.39 | $0.35 | ||
| Q1 24 | $0.33 | $0.04 |
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 | — | $209.9M |
| 总债务越低越好 | — | $13.7B |
| 股东权益账面价值 | $9.6B | $2.2B |
| 总资产 | $10.6B | $22.5B |
| 负债/权益比越低杠杆越低 | — | 6.21× |
8季度趋势，按日历期对齐
现金及短期投资CPRTNCLH
| Q4 25 | — | $209.9M | ||
| Q3 25 | — | $166.8M | ||
| Q2 25 | — | $184.0M | ||
| Q1 25 | — | $184.4M | ||
| Q4 24 | — | $190.8M | ||
| Q3 24 | — | $332.5M | ||
| Q2 24 | — | $594.1M | ||
| Q1 24 | — | $559.8M |
总债务CPRTNCLH
| Q4 25 | — | $13.7B | ||
| Q3 25 | — | $13.6B | ||
| Q2 25 | — | $12.6B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | $0 | $11.8B | ||
| Q2 24 | $427.0K | $11.9B | ||
| Q1 24 | $453.0K | $12.0B |
股东权益CPRTNCLH
| Q4 25 | $9.6B | $2.2B | ||
| Q3 25 | $9.2B | $2.2B | ||
| Q2 25 | $8.8B | $1.6B | ||
| Q1 25 | $8.3B | $1.4B | ||
| Q4 24 | $7.9B | $1.4B | ||
| Q3 24 | $7.5B | $1.1B | ||
| Q2 24 | $7.2B | $693.1M | ||
| Q1 24 | $6.8B | $362.1M |
总资产CPRTNCLH
| Q4 25 | $10.6B | $22.5B | ||
| Q3 25 | $10.1B | $22.2B | ||
| Q2 25 | $9.7B | $21.6B | ||
| Q1 25 | $9.2B | $21.4B | ||
| Q4 24 | $8.9B | $20.0B | ||
| Q3 24 | $8.4B | $19.8B | ||
| Q2 24 | $8.0B | $20.1B | ||
| Q1 24 | $7.6B | $19.8B |
负债/权益比CPRTNCLH
| Q4 25 | — | 6.21× | ||
| Q3 25 | — | 6.22× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | 9.09× | ||
| Q4 24 | — | 8.26× | ||
| Q3 24 | 0.00× | 10.35× | ||
| Q2 24 | 0.00× | 17.19× | ||
| Q1 24 | 0.00× | 33.16× |
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 | $535.3M | $459.1M |
| 自由现金流经营现金流 - 资本支出 | $427.2M | $21.5M |
| 自由现金流率自由现金流/营收 | 37.0% | 1.0% |
| 资本支出强度资本支出/营收 | 9.4% | 19.5% |
| 现金转化率经营现金流/净利润 | 1.33× | 32.21× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $-1.2B |
8季度趋势，按日历期对齐
经营现金流CPRTNCLH
| Q4 25 | $535.3M | $459.1M | ||
| Q3 25 | $438.5M | $236.6M | ||
| Q2 25 | $700.9M | $714.9M | ||
| Q1 25 | $178.1M | $679.2M | ||
| Q4 24 | $482.3M | $399.3M | ||
| Q3 24 | $439.2M | $172.5M | ||
| Q2 24 | $496.3M | $670.9M | ||
| Q1 24 | $161.8M | $807.2M |
自由现金流CPRTNCLH
| Q4 25 | $427.2M | $21.5M | ||
| Q3 25 | $350.8M | $-726.5M | ||
| Q2 25 | $572.9M | $381.2M | ||
| Q1 25 | $61.5M | $-846.0M | ||
| Q4 24 | $245.5M | $155.8M | ||
| Q3 24 | $301.3M | $-195.5M | ||
| Q2 24 | $408.5M | $330.2M | ||
| Q1 24 | $38.8M | $548.3M |
自由现金流率CPRTNCLH
| Q4 25 | 37.0% | 1.0% | ||
| Q3 25 | 31.2% | -24.7% | ||
| Q2 25 | 47.3% | 15.1% | ||
| Q1 25 | 5.3% | -39.8% | ||
| Q4 24 | 21.4% | 7.4% | ||
| Q3 24 | 28.2% | -7.0% | ||
| Q2 24 | 36.2% | 13.9% | ||
| Q1 24 | 3.8% | 25.0% |
资本支出强度CPRTNCLH
| Q4 25 | 9.4% | 19.5% | ||
| Q3 25 | 7.8% | 32.8% | ||
| Q2 25 | 10.6% | 13.3% | ||
| Q1 25 | 10.0% | 71.7% | ||
| Q4 24 | 20.6% | 11.5% | ||
| Q3 24 | 12.9% | 13.1% | ||
| Q2 24 | 7.8% | 14.4% | ||
| Q1 24 | 12.1% | 11.8% |
现金转化率CPRTNCLH
| Q4 25 | 1.33× | 32.21× | ||
| Q3 25 | 1.11× | 0.56× | ||
| Q2 25 | 1.72× | 23.83× | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.33× | 1.57× | ||
| Q3 24 | 1.36× | 0.36× | ||
| Q2 24 | 1.30× | 4.10× | ||
| Q1 24 | 0.50× | 46.51× |
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
CPRT
| Services | $952.1M | 82% |
| Other | $203.0M | 18% |
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
