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凯撒娱乐（CZR）与福陆（FLR）财务数据对比。点击上方公司名可切换其他公司
福陆的季度营收约是凯撒娱乐的1.5倍（$4.2B vs $2.9B），凯撒娱乐净利率更高（-2.9% vs -37.7%，领先34.8%），凯撒娱乐同比增速更快（2.7% vs -2.0%），过去两年福陆的营收复合增速更高（5.7% vs 0.7%）
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
福陆是总部位于美国得克萨斯州欧文市的工程建设企业，通过旗下子公司提供油气、工业与基础设施、政府项目及电力三大核心领域的服务，是《财富》世界500强中排名最高的上市工程建设企业，总排名位列第265位。
CZR vs FLR — 直观对比
营收规模更大
FLR
是对方的1.5倍
$2.9B
营收增速更快
CZR
高出4.7%
-2.0%
净利率更高
CZR
高出34.8%
-37.7%
两年增速更快
FLR
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.2B |
| 净利润 | $-83.0M | $-1.6B |
| 毛利率 | — | 3.2% |
| 营业利润率 | 17.4% | 1.3% |
| 净利率 | -2.9% | -37.7% |
| 营收同比 | 2.7% | -2.0% |
| 净利润同比 | 15.3% | -184.4% |
| 每股收益（稀释后） | $-0.48 | $-9.40 |
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CZRFLR
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $4.2B | ||
| Q3 25 | $2.9B | $3.4B | ||
| Q2 25 | $2.9B | $4.0B | ||
| Q1 25 | $2.8B | $4.0B | ||
| Q4 24 | $2.8B | $4.3B | ||
| Q3 24 | $2.9B | $4.1B | ||
| Q2 24 | $2.8B | $4.2B |
净利润CZRFLR
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-250.0M | $-1.6B | ||
| Q3 25 | $-55.0M | $-697.0M | ||
| Q2 25 | $-82.0M | $2.5B | ||
| Q1 25 | $-115.0M | $-241.0M | ||
| Q4 24 | $11.0M | $1.9B | ||
| Q3 24 | $-9.0M | $54.0M | ||
| Q2 24 | $-122.0M | $169.0M |
毛利率CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | -13.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 4.2% |
营业利润率CZRFLR
| Q1 26 | 17.4% | — | ||
| Q4 25 | 11.4% | 1.3% | ||
| Q3 25 | 17.9% | -14.7% | ||
| Q2 25 | 18.1% | -0.7% | ||
| Q1 25 | 17.5% | 2.3% | ||
| Q4 24 | 23.9% | 4.4% | ||
| Q3 24 | 22.4% | 1.2% | ||
| Q2 24 | 17.9% | 4.2% |
净利率CZRFLR
| Q1 26 | -2.9% | — | ||
| Q4 25 | -8.6% | -37.7% | ||
| Q3 25 | -1.9% | -20.7% | ||
| Q2 25 | -2.8% | 61.8% | ||
| Q1 25 | -4.1% | -6.1% | ||
| Q4 24 | 0.4% | 43.7% | ||
| Q3 24 | -0.3% | 1.3% | ||
| Q2 24 | -4.3% | 4.0% |
每股收益（稀释后）CZRFLR
| Q1 26 | $-0.48 | — | ||
| Q4 25 | $-1.22 | $-9.40 | ||
| Q3 25 | $-0.27 | $-4.30 | ||
| Q2 25 | $-0.39 | $14.81 | ||
| Q1 25 | $-0.54 | $-1.42 | ||
| Q4 24 | $0.04 | $10.68 | ||
| Q3 24 | $-0.04 | $0.31 | ||
| Q2 24 | $-0.56 | $0.97 |
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 | $867.0M | $2.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.2B |
| 总资产 | — | $8.2B |
| 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CZRFLR
| Q1 26 | $867.0M | — | ||
| Q4 25 | $887.0M | $2.2B | ||
| Q3 25 | $836.0M | $2.8B | ||
| Q2 25 | $982.0M | $2.3B | ||
| Q1 25 | $884.0M | $2.5B | ||
| Q4 24 | $866.0M | $3.0B | ||
| Q3 24 | $802.0M | $3.0B | ||
| Q2 24 | $830.0M | $2.7B |
总债务CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | — | ||
| Q3 25 | $11.9B | — | ||
| Q2 25 | $12.3B | — | ||
| Q1 25 | $12.3B | — | ||
| Q4 24 | $12.3B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — |
股东权益CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $3.2B | ||
| Q3 25 | $3.8B | $5.2B | ||
| Q2 25 | $3.9B | $5.9B | ||
| Q1 25 | $4.1B | $3.6B | ||
| Q4 24 | $4.2B | $3.9B | ||
| Q3 24 | $4.2B | $2.3B | ||
| Q2 24 | $4.3B | $2.1B |
总资产CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | $31.6B | $8.2B | ||
| Q3 25 | $31.9B | $11.5B | ||
| Q2 25 | $32.5B | $11.8B | ||
| Q1 25 | $32.4B | $8.4B | ||
| Q4 24 | $32.6B | $9.1B | ||
| Q3 24 | $33.0B | $7.1B | ||
| Q2 24 | $33.1B | $6.8B |
负债/权益比CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | — | ||
| Q3 25 | 3.15× | — | ||
| Q2 25 | 3.15× | — | ||
| Q1 25 | 3.04× | — | ||
| Q4 24 | 2.96× | — | ||
| Q3 24 | 3.04× | — | ||
| Q2 24 | 2.89× | — |
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 | — | $-366.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-378.0M |
| 自由现金流率自由现金流/营收 | — | -9.1% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 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 | — | $-437.0M |
8季度趋势，按日历期对齐
经营现金流CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $-366.0M | ||
| Q3 25 | $318.0M | $286.0M | ||
| Q2 25 | $462.0M | $-21.0M | ||
| Q1 25 | $218.0M | $-286.0M | ||
| Q4 24 | $309.0M | $327.0M | ||
| Q3 24 | $232.0M | $330.0M | ||
| Q2 24 | $454.0M | $282.0M |
自由现金流CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | $-378.0M | ||
| Q3 25 | $123.0M | $273.0M | ||
| Q2 25 | $232.0M | $-35.0M | ||
| Q1 25 | $-5.0M | $-297.0M | ||
| Q4 24 | $30.0M | $296.0M | ||
| Q3 24 | $-192.0M | $279.0M | ||
| Q2 24 | $125.0M | $234.0M |
自由现金流率CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | -9.1% | ||
| Q3 25 | 4.3% | 8.1% | ||
| Q2 25 | 8.0% | -0.9% | ||
| Q1 25 | -0.2% | -7.5% | ||
| Q4 24 | 1.1% | 6.9% | ||
| Q3 24 | -6.7% | 6.8% | ||
| Q2 24 | 4.4% | 5.5% |
资本支出强度CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 0.3% | ||
| Q3 25 | 6.8% | 0.4% | ||
| Q2 25 | 7.9% | 0.4% | ||
| Q1 25 | 8.0% | 0.3% | ||
| Q4 24 | 10.0% | 0.7% | ||
| Q3 24 | 14.8% | 1.2% | ||
| Q2 24 | 11.6% | 1.1% |
现金转化率CZRFLR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.01× | ||
| Q1 25 | — | — | ||
| Q4 24 | 28.09× | 0.18× | ||
| Q3 24 | — | 6.11× | ||
| Q2 24 | — | 1.67× |
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
CZR
| Casino | $1.7B | 58% |
| Hotel | $487.0M | 17% |
| Food and beverage | $424.0M | 15% |
| Other | $293.0M | 10% |
FLR
| Urban Solutions Segment | $2.6B | 63% |
| Energy Solutions Segment | $943.0M | 23% |
| Mission Solutions Segment | $600.0M | 14% |
