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Cheniere Energy Partners, L.P.（CQP）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Cheniere Energy Partners, L.P.的1.5倍（$4.3B vs $2.9B），Cheniere Energy Partners, L.P.净利率更高（44.2% vs 17.7%，领先26.5%），Cheniere Energy Partners, L.P.同比增速更快（18.3% vs 13.3%），Cheniere Energy Partners, L.P.自由现金流更多（$864.0M vs $116.0M），过去两年Cheniere Energy Partners, L.P.的营收复合增速更高（12.6% vs 6.9%）
本公司为油气领域经营主体，营收数据以十亿美元为统计单位，通常由企业自行披露，同时也会由中立可靠的权威媒体公开报道。受汇率波动、合同结算、年中产品或服务调整等因素影响，已发布数据后续可能进行修订或重述。除特殊说明外，财年区间为每年1月1日至12月31日。
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。
CQP vs RCL — 直观对比
营收规模更大
RCL
是对方的1.5倍
$2.9B
营收增速更快
CQP
高出5.0%
13.3%
净利率更高
CQP
高出26.5%
17.7%
自由现金流更多
CQP
多$748.0M
$116.0M
两年增速更快
CQP
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.3B |
| 净利润 | $1.3B | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 50.5% | 21.9% |
| 净利率 | 44.2% | 17.7% |
| 营收同比 | 18.3% | 13.3% |
| 净利润同比 | 106.6% | 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CQPRCL
| Q4 25 | $2.9B | $4.3B | ||
| Q3 25 | $2.4B | $5.1B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.1B | $4.9B | ||
| Q2 24 | $1.9B | $4.1B | ||
| Q1 24 | $2.3B | $3.7B |
净利润CQPRCL
| Q4 25 | $1.3B | $753.0M | ||
| Q3 25 | $506.0M | $1.6B | ||
| Q2 25 | $553.0M | $1.2B | ||
| Q1 25 | $641.0M | $730.0M | ||
| Q4 24 | $623.0M | $552.0M | ||
| Q3 24 | $635.0M | $1.1B | ||
| Q2 24 | $570.0M | $854.0M | ||
| Q1 24 | $682.0M | $360.0M |
毛利率CQPRCL
| 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% | ||
| Q1 24 | — | 44.8% |
营业利润率CQPRCL
| Q4 25 | 50.5% | 21.9% | ||
| Q3 25 | 29.0% | 33.1% | ||
| Q2 25 | 29.1% | 29.3% | ||
| Q1 25 | 27.6% | 23.6% | ||
| Q4 24 | 33.0% | 16.6% | ||
| Q3 24 | 40.2% | 33.4% | ||
| Q2 24 | 40.4% | 26.7% | ||
| Q1 24 | 38.1% | 20.1% |
净利率CQPRCL
| Q4 25 | 44.2% | 17.7% | ||
| Q3 25 | 21.0% | 30.6% | ||
| Q2 25 | 22.5% | 26.7% | ||
| Q1 25 | 21.4% | 18.3% | ||
| Q4 24 | 25.3% | 14.7% | ||
| Q3 24 | 30.9% | 22.7% | ||
| Q2 24 | 30.1% | 20.8% | ||
| Q1 24 | 29.7% | 9.7% |
每股收益（稀释后）CQPRCL
| Q4 25 | — | $2.76 | ||
| Q3 25 | — | $5.74 | ||
| Q2 25 | — | $4.41 | ||
| Q1 25 | — | $2.70 | ||
| Q4 24 | — | $2.27 | ||
| Q3 24 | — | $4.21 | ||
| Q2 24 | — | $3.11 | ||
| Q1 24 | — | $1.35 |
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 | $182.0M | $825.0M |
| 总债务越低越好 | $14.2B | $18.2B |
| 股东权益账面价值 | — | $10.0B |
| 总资产 | $17.4B | $41.6B |
| 负债/权益比越低杠杆越低 | — | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资CQPRCL
| Q4 25 | $182.0M | $825.0M | ||
| Q3 25 | $121.0M | $432.0M | ||
| Q2 25 | $108.0M | $735.0M | ||
| Q1 25 | $94.0M | $386.0M | ||
| Q4 24 | $270.0M | $388.0M | ||
| Q3 24 | $331.0M | $418.0M | ||
| Q2 24 | $351.0M | $391.0M | ||
| Q1 24 | $333.0M | $437.0M |
总债务CQPRCL
| Q4 25 | $14.2B | $18.2B | ||
| Q3 25 | $14.2B | $17.2B | ||
| Q2 25 | $14.2B | $17.6B | ||
| Q1 25 | $14.7B | $18.0B | ||
| Q4 24 | $14.8B | $18.5B | ||
| Q3 24 | $14.8B | $19.0B | ||
| Q2 24 | $14.8B | $19.8B | ||
| Q1 24 | $13.6B | $18.9B |
股东权益CQPRCL
| Q4 25 | — | $10.0B | ||
| Q3 25 | — | $10.1B | ||
| Q2 25 | — | $9.2B | ||
| Q1 25 | — | $8.0B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | — | $5.2B |
总资产CQPRCL
| Q4 25 | $17.4B | $41.6B | ||
| Q3 25 | $16.8B | $40.1B | ||
| Q2 25 | $16.9B | $38.5B | ||
| Q1 25 | $17.1B | $37.5B | ||
| Q4 24 | $17.5B | $37.1B | ||
| Q3 24 | $17.4B | $37.1B | ||
| Q2 24 | $17.5B | $37.0B | ||
| Q1 24 | $17.5B | $35.2B |
负债/权益比CQPRCL
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× | ||
| Q1 24 | — | 3.66× |
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 | $887.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $864.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 29.7% | 2.7% |
| 资本支出强度资本支出/营收 | 0.8% | 35.4% |
| 现金转化率经营现金流/净利润 | 0.69× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $2.6B | $1.2B |
8季度趋势，按日历期对齐
经营现金流CQPRCL
| Q4 25 | $887.0M | $1.6B | ||
| Q3 25 | $658.0M | $1.5B | ||
| Q2 25 | $558.0M | $1.7B | ||
| Q1 25 | $665.0M | $1.6B | ||
| Q4 24 | $876.0M | $1.5B | ||
| Q3 24 | $691.0M | $897.0M | ||
| Q2 24 | $732.0M | $1.6B | ||
| Q1 24 | $669.0M | $1.3B |
自由现金流CQPRCL
| Q4 25 | $864.0M | $116.0M | ||
| Q3 25 | $610.0M | $-989.0M | ||
| Q2 25 | $490.0M | $910.0M | ||
| Q1 25 | $605.0M | $1.2B | ||
| Q4 24 | $827.0M | $915.0M | ||
| Q3 24 | $652.0M | $563.0M | ||
| Q2 24 | $702.0M | $-567.0M | ||
| Q1 24 | $633.0M | $1.1B |
自由现金流率CQPRCL
| Q4 25 | 29.7% | 2.7% | ||
| Q3 25 | 25.4% | -19.2% | ||
| Q2 25 | 20.0% | 20.1% | ||
| Q1 25 | 20.2% | 30.0% | ||
| Q4 24 | 33.6% | 24.3% | ||
| Q3 24 | 31.7% | 11.5% | ||
| Q2 24 | 37.1% | -13.8% | ||
| Q1 24 | 27.6% | 29.1% |
资本支出强度CQPRCL
| Q4 25 | 0.8% | 35.4% | ||
| Q3 25 | 2.0% | 47.8% | ||
| Q2 25 | 2.8% | 18.4% | ||
| Q1 25 | 2.0% | 10.7% | ||
| Q4 24 | 2.0% | 14.7% | ||
| Q3 24 | 1.9% | 6.8% | ||
| Q2 24 | 1.6% | 52.1% | ||
| Q1 24 | 1.6% | 6.5% |
现金转化率CQPRCL
| Q4 25 | 0.69× | 2.16× | ||
| Q3 25 | 1.30× | 0.93× | ||
| Q2 25 | 1.01× | 1.44× | ||
| Q1 25 | 1.04× | 2.23× | ||
| Q4 24 | 1.41× | 2.66× | ||
| Q3 24 | 1.09× | 0.81× | ||
| Q2 24 | 1.28× | 1.84× | ||
| Q1 24 | 0.98× | 3.69× |
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
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
