vs
道明尼能源（D）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
道明尼能源的季度营收约是诺唯真游轮控股的1.9倍（$4.2B vs $2.2B），道明尼能源净利率更高（13.9% vs 0.6%，领先13.3%），道明尼能源同比增速更快（23.2% vs 6.4%），过去两年道明尼能源的营收复合增速更高（9.3% vs 1.2%）
道明尼能源是总部位于美国弗吉尼亚州里士满的能源企业，为弗吉尼亚、北卡罗来纳、南卡罗来纳三州的部分地区供电，同时向犹他、爱达荷、怀俄明、西弗吉尼亚、俄亥俄、宾夕法尼亚、佐治亚等州的部分区域供应天然气，在印第安纳、伊利诺伊、康涅狄格、罗得岛也设有发电设施。
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%。
D vs NCLH — 直观对比
营收规模更大
D
是对方的1.9倍
$2.2B
营收增速更快
D
高出16.8%
6.4%
净利率更高
D
高出13.3%
0.6%
两年增速更快
D
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $2.2B |
| 净利润 | $586.0M | $14.3M |
| 毛利率 | — | 41.0% |
| 营业利润率 | 18.0% | 8.3% |
| 净利率 | 13.9% | 0.6% |
| 营收同比 | 23.2% | 6.4% |
| 净利润同比 | 871.1% | -94.4% |
| 每股收益（稀释后） | $0.66 | $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DNCLH
| Q4 25 | $4.2B | $2.2B | ||
| Q3 25 | $4.5B | $2.9B | ||
| Q2 25 | $3.7B | $2.5B | ||
| Q1 25 | $4.1B | $2.1B | ||
| Q4 24 | $3.4B | $2.1B | ||
| Q3 24 | $3.8B | $2.8B | ||
| Q2 24 | $3.5B | $2.4B | ||
| Q1 24 | $3.5B | $2.2B |
净利润DNCLH
| Q4 25 | $586.0M | $14.3M | ||
| Q3 25 | $1.0B | $419.3M | ||
| Q2 25 | $760.0M | $30.0M | ||
| Q1 25 | $646.0M | $-40.3M | ||
| Q4 24 | $-76.0M | $254.5M | ||
| Q3 24 | $954.0M | $474.9M | ||
| Q2 24 | $572.0M | $163.4M | ||
| Q1 24 | $674.0M | $17.4M |
毛利率DNCLH
| 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DNCLH
| Q4 25 | 18.0% | 8.3% | ||
| Q3 25 | 29.7% | 25.5% | ||
| Q2 25 | 29.5% | 16.8% | ||
| Q1 25 | 29.9% | 9.4% | ||
| Q4 24 | 11.4% | 10.2% | ||
| Q3 24 | 32.2% | 24.6% | ||
| Q2 24 | 23.3% | 14.4% | ||
| Q1 24 | 23.6% | 10.0% |
净利率DNCLH
| Q4 25 | 13.9% | 0.6% | ||
| Q3 25 | 22.3% | 14.3% | ||
| Q2 25 | 20.4% | 1.2% | ||
| Q1 25 | 15.8% | -1.9% | ||
| Q4 24 | -2.2% | 12.1% | ||
| Q3 24 | 25.2% | 16.9% | ||
| Q2 24 | 16.6% | 6.9% | ||
| Q1 24 | 19.1% | 0.8% |
每股收益（稀释后）DNCLH
| Q4 25 | $0.66 | $0.08 | ||
| Q3 25 | $1.16 | $0.86 | ||
| Q2 25 | $0.88 | $0.07 | ||
| Q1 25 | $0.75 | $-0.09 | ||
| Q4 24 | $-0.11 | $0.55 | ||
| Q3 24 | $1.12 | $0.95 | ||
| Q2 24 | $0.65 | $0.35 | ||
| Q1 24 | $0.78 | $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 | $250.0M | $209.9M |
| 总债务越低越好 | $44.1B | $13.7B |
| 股东权益账面价值 | $29.1B | $2.2B |
| 总资产 | $115.9B | $22.5B |
| 负债/权益比越低杠杆越低 | 1.52× | 6.21× |
8季度趋势，按日历期对齐
现金及短期投资DNCLH
| Q4 25 | $250.0M | $209.9M | ||
| Q3 25 | $932.0M | $166.8M | ||
| Q2 25 | $344.0M | $184.0M | ||
| Q1 25 | $355.0M | $184.4M | ||
| Q4 24 | $310.0M | $190.8M | ||
| Q3 24 | $1.8B | $332.5M | ||
| Q2 24 | $139.0M | $594.1M | ||
| Q1 24 | $265.0M | $559.8M |
总债务DNCLH
| Q4 25 | $44.1B | $13.7B | ||
| Q3 25 | $43.3B | $13.6B | ||
| Q2 25 | $40.3B | $12.6B | ||
| Q1 25 | $39.9B | $12.9B | ||
| Q4 24 | $37.5B | $11.8B | ||
| Q3 24 | $37.1B | $11.8B | ||
| Q2 24 | $36.6B | $11.9B | ||
| Q1 24 | $35.1B | $12.0B |
股东权益DNCLH
| Q4 25 | $29.1B | $2.2B | ||
| Q3 25 | $27.7B | $2.2B | ||
| Q2 25 | $27.2B | $1.6B | ||
| Q1 25 | $27.4B | $1.4B | ||
| Q4 24 | $27.3B | $1.4B | ||
| Q3 24 | $27.5B | $1.1B | ||
| Q2 24 | $27.1B | $693.1M | ||
| Q1 24 | $27.4B | $362.1M |
总资产DNCLH
| Q4 25 | $115.9B | $22.5B | ||
| Q3 25 | $111.6B | $22.2B | ||
| Q2 25 | $107.4B | $21.6B | ||
| Q1 25 | $104.6B | $21.4B | ||
| Q4 24 | $102.4B | $20.0B | ||
| Q3 24 | $99.8B | $19.8B | ||
| Q2 24 | $100.4B | $20.1B | ||
| Q1 24 | $102.0B | $19.8B |
负债/权益比DNCLH
| Q4 25 | 1.52× | 6.21× | ||
| Q3 25 | 1.56× | 6.22× | ||
| Q2 25 | 1.48× | 8.05× | ||
| Q1 25 | 1.46× | 9.09× | ||
| Q4 24 | 1.38× | 8.26× | ||
| Q3 24 | 1.35× | 10.35× | ||
| Q2 24 | 1.35× | 17.19× | ||
| Q1 24 | 1.28× | 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 | $987.0M | $459.1M |
| 自由现金流经营现金流 - 资本支出 | — | $21.5M |
| 自由现金流率自由现金流/营收 | — | 1.0% |
| 资本支出强度资本支出/营收 | — | 19.5% |
| 现金转化率经营现金流/净利润 | 1.68× | 32.21× |
| 过去12个月自由现金流最近4个季度 | — | $-1.2B |
8季度趋势，按日历期对齐
经营现金流DNCLH
| Q4 25 | $987.0M | $459.1M | ||
| Q3 25 | $1.9B | $236.6M | ||
| Q2 25 | $1.2B | $714.9M | ||
| Q1 25 | $1.2B | $679.2M | ||
| Q4 24 | $641.0M | $399.3M | ||
| Q3 24 | $1.5B | $172.5M | ||
| Q2 24 | $856.0M | $670.9M | ||
| Q1 24 | $2.0B | $807.2M |
自由现金流DNCLH
| Q4 25 | — | $21.5M | ||
| Q3 25 | — | $-726.5M | ||
| Q2 25 | — | $381.2M | ||
| Q1 25 | — | $-846.0M | ||
| Q4 24 | — | $155.8M | ||
| Q3 24 | — | $-195.5M | ||
| Q2 24 | — | $330.2M | ||
| Q1 24 | — | $548.3M |
自由现金流率DNCLH
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | -24.7% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | — | -39.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | -7.0% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 25.0% |
资本支出强度DNCLH
| Q4 25 | — | 19.5% | ||
| Q3 25 | — | 32.8% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 11.8% |
现金转化率DNCLH
| Q4 25 | 1.68× | 32.21× | ||
| Q3 25 | 1.93× | 0.56× | ||
| Q2 25 | 1.64× | 23.83× | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | — | 1.57× | ||
| Q3 24 | 1.61× | 0.36× | ||
| Q2 24 | 1.50× | 4.10× | ||
| Q1 24 | 2.94× | 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
D
| Dominion Energy Virginia | $3.0B | 72% |
| Nonregulated Electricity Sales | $334.0M | 8% |
| Contracted Energy | $306.0M | 7% |
| Other | $292.0M | 7% |
| Other Nonregulated Revenues | $97.0M | 2% |
| Other Regulated Revenues | $66.0M | 2% |
| Alternative Revenue Programs | $50.0M | 1% |
| Transition Services Agreements | $25.0M | 1% |
| Regulated Gas Transportation And Storage | $10.0M | 0% |
| Related Party | $5.0M | 0% |
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
