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CSX Corporation（CSX）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CSX Corporation的1.2倍（$4.3B vs $3.5B），CSX Corporation净利率更高（23.2% vs 17.7%，领先5.5%），皇家加勒比集团同比增速更快（13.3% vs 1.7%），CSX Corporation自由现金流更多（$793.0M vs $116.0M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs -3.0%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
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。
CSX vs RCL — 直观对比
营收规模更大
RCL
是对方的1.2倍
$3.5B
营收增速更快
RCL
高出11.5%
1.7%
净利率更高
CSX
高出5.5%
17.7%
自由现金流更多
CSX
多$677.0M
$116.0M
两年增速更快
RCL
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.3B |
| 净利润 | $807.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 29.9% | 21.9% |
| 净利率 | 23.2% | 17.7% |
| 营收同比 | 1.7% | 13.3% |
| 净利润同比 | 401.2% | 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CSXRCL
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $4.3B | ||
| Q3 25 | $3.6B | $5.1B | ||
| Q2 25 | $3.6B | $4.5B | ||
| Q1 25 | $3.4B | $4.0B | ||
| Q4 24 | $3.5B | $3.8B | ||
| Q3 24 | $3.6B | $4.9B | ||
| Q2 24 | $3.7B | $4.1B |
净利润CSXRCL
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | $753.0M | ||
| Q3 25 | $694.0M | $1.6B | ||
| Q2 25 | $829.0M | $1.2B | ||
| Q1 25 | $646.0M | $730.0M | ||
| Q4 24 | $720.0M | $552.0M | ||
| Q3 24 | $894.0M | $1.1B | ||
| Q2 24 | $963.0M | $854.0M |
毛利率CSXRCL
| 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CSXRCL
| Q1 26 | 29.9% | — | ||
| Q4 25 | 31.6% | 21.9% | ||
| Q3 25 | 30.3% | 33.1% | ||
| Q2 25 | 35.9% | 29.3% | ||
| Q1 25 | 30.4% | 23.6% | ||
| Q4 24 | 30.8% | 16.6% | ||
| Q3 24 | 37.4% | 33.4% | ||
| Q2 24 | 39.1% | 26.7% |
净利率CSXRCL
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | 17.7% | ||
| Q3 25 | 19.3% | 30.6% | ||
| Q2 25 | 23.2% | 26.7% | ||
| Q1 25 | 18.9% | 18.3% | ||
| Q4 24 | 20.3% | 14.7% | ||
| Q3 24 | 24.7% | 22.7% | ||
| Q2 24 | 26.0% | 20.8% |
每股收益（稀释后）CSXRCL
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $2.76 | ||
| Q3 25 | $0.37 | $5.74 | ||
| Q2 25 | $0.44 | $4.41 | ||
| Q1 25 | $0.34 | $2.70 | ||
| Q4 24 | $0.38 | $2.27 | ||
| Q3 24 | $0.46 | $4.21 | ||
| Q2 24 | $0.49 | $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 | $1.1B | $825.0M |
| 总债务越低越好 | $18.9B | $18.2B |
| 股东权益账面价值 | $13.6B | $10.0B |
| 总资产 | $44.2B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.39× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资CSXRCL
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | $825.0M | ||
| Q3 25 | $6.0M | $432.0M | ||
| Q2 25 | $6.0M | $735.0M | ||
| Q1 25 | $8.0M | $386.0M | ||
| Q4 24 | $72.0M | $388.0M | ||
| Q3 24 | $12.0M | $418.0M | ||
| Q2 24 | $4.0M | $391.0M |
总债务CSXRCL
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | $18.2B | ||
| Q3 25 | $18.6B | $17.2B | ||
| Q2 25 | $18.6B | $17.6B | ||
| Q1 25 | $18.5B | $18.0B | ||
| Q4 24 | $17.9B | $18.5B | ||
| Q3 24 | $18.5B | $19.0B | ||
| Q2 24 | $18.0B | $19.8B |
股东权益CSXRCL
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | $10.0B | ||
| Q3 25 | $12.8B | $10.1B | ||
| Q2 25 | $12.4B | $9.2B | ||
| Q1 25 | $12.2B | $8.0B | ||
| Q4 24 | $12.5B | $7.6B | ||
| Q3 24 | $12.9B | $7.0B | ||
| Q2 24 | $12.6B | $6.0B |
总资产CSXRCL
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | $41.6B | ||
| Q3 25 | $43.3B | $40.1B | ||
| Q2 25 | $42.9B | $38.5B | ||
| Q1 25 | $43.2B | $37.5B | ||
| Q4 24 | $42.8B | $37.1B | ||
| Q3 24 | $43.1B | $37.1B | ||
| Q2 24 | $42.4B | $37.0B |
负债/权益比CSXRCL
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | 1.81× | ||
| Q3 25 | 1.45× | 1.70× | ||
| Q2 25 | 1.50× | 1.92× | ||
| Q1 25 | 1.52× | 2.26× | ||
| Q4 24 | 1.43× | 2.44× | ||
| Q3 24 | 1.43× | 2.69× | ||
| Q2 24 | 1.42× | 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 | $1.3B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 22.8% | 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 | 1.58× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $1.2B |
8季度趋势，按日历期对齐
经营现金流CSXRCL
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $635.0M | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.7B | $897.0M | ||
| Q2 24 | $1.1B | $1.6B |
自由现金流CSXRCL
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | $116.0M | ||
| Q3 25 | $607.0M | $-989.0M | ||
| Q2 25 | $-141.0M | $910.0M | ||
| Q1 25 | $536.0M | $1.2B | ||
| Q4 24 | $550.0M | $915.0M | ||
| Q3 24 | $1.1B | $563.0M | ||
| Q2 24 | $547.0M | $-567.0M |
自由现金流率CSXRCL
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | 2.7% | ||
| Q3 25 | 16.9% | -19.2% | ||
| Q2 25 | -3.9% | 20.1% | ||
| Q1 25 | 15.7% | 30.0% | ||
| Q4 24 | 15.5% | 24.3% | ||
| Q3 24 | 29.3% | 11.5% | ||
| Q2 24 | 14.8% | -13.8% |
资本支出强度CSXRCL
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 35.4% | ||
| Q3 25 | 20.4% | 47.8% | ||
| Q2 25 | 21.7% | 18.4% | ||
| Q1 25 | 21.0% | 10.7% | ||
| Q4 24 | 23.7% | 14.7% | ||
| Q3 24 | 17.3% | 6.8% | ||
| Q2 24 | 14.6% | 52.1% |
现金转化率CSXRCL
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | 2.16× | ||
| Q3 25 | 1.93× | 0.93× | ||
| Q2 25 | 0.77× | 1.44× | ||
| Q1 25 | 1.94× | 2.23× | ||
| Q4 24 | 1.93× | 2.66× | ||
| Q3 24 | 1.89× | 0.81× | ||
| Q2 24 | 1.13× | 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
CSX
暂无分部数据
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
