vs
丹纳赫（DHR）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
丹纳赫的季度营收约是皇家加勒比集团的1.4倍（$6.0B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 17.3%，领先0.4%），皇家加勒比集团同比增速更快（13.3% vs 3.7%），丹纳赫自由现金流更多（$1.1B 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 1.8%）
丹纳赫是总部位于美国华盛顿特区的医疗健康企业，聚焦生物技术、生命科学与诊断领域的产品研发。公司下设三大业务板块：生物技术板块开发治疗相关产品，生命科学板块覆盖疾病溯源、新疗法研发、药物疫苗与基因编辑技术的测试生产，诊断板块研发检测仪器，为全球生命健康产业提供核心支持。
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。
DHR vs RCL — 直观对比
营收规模更大
DHR
是对方的1.4倍
$4.3B
营收增速更快
RCL
高出9.6%
3.7%
净利率更高
RCL
高出0.4%
17.3%
自由现金流更多
DHR
多$969.0M
$116.0M
两年增速更快
RCL
近两年复合增速
1.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.0B | $4.3B |
| 净利润 | $1.0B | $753.0M |
| 毛利率 | 60.3% | 47.4% |
| 营业利润率 | 22.6% | 21.9% |
| 净利率 | 17.3% | 17.7% |
| 营收同比 | 3.7% | 13.3% |
| 净利润同比 | 7.9% | 36.4% |
| 每股收益（稀释后） | $1.45 | $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DHRRCL
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $6.1B | $5.1B | ||
| Q2 25 | $5.9B | $4.5B | ||
| Q1 25 | $5.7B | $4.0B | ||
| Q4 24 | $6.5B | $3.8B | ||
| Q3 24 | $5.8B | $4.9B | ||
| Q2 24 | $5.7B | $4.1B |
净利润DHRRCL
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $753.0M | ||
| Q3 25 | $908.0M | $1.6B | ||
| Q2 25 | $555.0M | $1.2B | ||
| Q1 25 | $954.0M | $730.0M | ||
| Q4 24 | $1.1B | $552.0M | ||
| Q3 24 | $818.0M | $1.1B | ||
| Q2 24 | $907.0M | $854.0M |
毛利率DHRRCL
| Q1 26 | 60.3% | — | ||
| Q4 25 | 58.0% | 47.4% | ||
| Q3 25 | 58.2% | 51.8% | ||
| Q2 25 | 59.3% | 49.7% | ||
| Q1 25 | 61.2% | 48.0% | ||
| Q4 24 | 59.5% | 45.4% | ||
| Q3 24 | 58.7% | 51.1% | ||
| Q2 24 | 59.7% | 47.6% |
营业利润率DHRRCL
| Q1 26 | 22.6% | — | ||
| Q4 25 | 22.0% | 21.9% | ||
| Q3 25 | 19.1% | 33.1% | ||
| Q2 25 | 12.8% | 29.3% | ||
| Q1 25 | 22.2% | 23.6% | ||
| Q4 24 | 21.8% | 16.6% | ||
| Q3 24 | 16.5% | 33.4% | ||
| Q2 24 | 20.3% | 26.7% |
净利率DHRRCL
| Q1 26 | 17.3% | — | ||
| Q4 25 | 17.5% | 17.7% | ||
| Q3 25 | 15.0% | 30.6% | ||
| Q2 25 | 9.3% | 26.7% | ||
| Q1 25 | 16.6% | 18.3% | ||
| Q4 24 | 16.6% | 14.7% | ||
| Q3 24 | 14.1% | 22.7% | ||
| Q2 24 | 15.8% | 20.8% |
每股收益（稀释后）DHRRCL
| Q1 26 | $1.45 | — | ||
| Q4 25 | $1.69 | $2.76 | ||
| Q3 25 | $1.27 | $5.74 | ||
| Q2 25 | $0.77 | $4.41 | ||
| Q1 25 | $1.32 | $2.70 | ||
| Q4 24 | $1.50 | $2.27 | ||
| Q3 24 | $1.12 | $4.21 | ||
| Q2 24 | $1.22 | $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 | — | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | — | $10.0B |
| 总资产 | — | $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DHRRCL
| Q1 26 | — | — | ||
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M |
总债务DHRRCL
| Q1 26 | — | — | ||
| Q4 25 | $18.4B | $18.2B | ||
| Q3 25 | $16.9B | $17.2B | ||
| Q2 25 | $17.4B | $17.6B | ||
| Q1 25 | $16.5B | $18.0B | ||
| Q4 24 | $16.0B | $18.5B | ||
| Q3 24 | $17.5B | $19.0B | ||
| Q2 24 | $17.0B | $19.8B |
股东权益DHRRCL
| Q1 26 | — | — | ||
| Q4 25 | $52.5B | $10.0B | ||
| Q3 25 | $51.1B | $10.1B | ||
| Q2 25 | $52.3B | $9.2B | ||
| Q1 25 | $50.8B | $8.0B | ||
| Q4 24 | $49.5B | $7.6B | ||
| Q3 24 | $51.3B | $7.0B | ||
| Q2 24 | $49.9B | $6.0B |
总资产DHRRCL
| Q1 26 | — | — | ||
| Q4 25 | $83.5B | $41.6B | ||
| Q3 25 | $79.9B | $40.1B | ||
| Q2 25 | $81.6B | $38.5B | ||
| Q1 25 | $79.1B | $37.5B | ||
| Q4 24 | $77.5B | $37.1B | ||
| Q3 24 | $80.6B | $37.1B | ||
| Q2 24 | $78.6B | $37.0B |
负债/权益比DHRRCL
| Q1 26 | — | — | ||
| Q4 25 | 0.35× | 1.81× | ||
| Q3 25 | 0.33× | 1.70× | ||
| Q2 25 | 0.33× | 1.92× | ||
| Q1 25 | 0.32× | 2.26× | ||
| Q4 24 | 0.32× | 2.44× | ||
| Q3 24 | 0.34× | 2.69× | ||
| Q2 24 | 0.34× | 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 | $1.1B | $116.0M |
| 自由现金流率自由现金流/营收 | 18.2% | 2.7% |
| 资本支出强度资本支出/营收 | 4.0% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.28× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $5.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流DHRRCL
| Q1 26 | $1.3B | — | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $1.7B | $1.5B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $1.5B | $897.0M | ||
| Q2 24 | $1.4B | $1.6B |
自由现金流DHRRCL
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.7B | $116.0M | ||
| Q3 25 | $1.4B | $-989.0M | ||
| Q2 25 | $1.1B | $910.0M | ||
| Q1 25 | $1.1B | $1.2B | ||
| Q4 24 | $1.5B | $915.0M | ||
| Q3 24 | $1.2B | $563.0M | ||
| Q2 24 | $1.1B | $-567.0M |
自由现金流率DHRRCL
| Q1 26 | 18.2% | — | ||
| Q4 25 | 25.5% | 2.7% | ||
| Q3 25 | 22.6% | -19.2% | ||
| Q2 25 | 18.4% | 20.1% | ||
| Q1 25 | 18.4% | 30.0% | ||
| Q4 24 | 23.0% | 24.3% | ||
| Q3 24 | 21.0% | 11.5% | ||
| Q2 24 | 19.7% | -13.8% |
资本支出强度DHRRCL
| Q1 26 | 4.0% | — | ||
| Q4 25 | 5.4% | 35.4% | ||
| Q3 25 | 4.8% | 47.8% | ||
| Q2 25 | 4.2% | 18.4% | ||
| Q1 25 | 4.3% | 10.7% | ||
| Q4 24 | 7.9% | 14.7% | ||
| Q3 24 | 5.1% | 6.8% | ||
| Q2 24 | 5.0% | 52.1% |
现金转化率DHRRCL
| Q1 26 | 1.28× | — | ||
| Q4 25 | 1.77× | 2.16× | ||
| Q3 25 | 1.83× | 0.93× | ||
| Q2 25 | 2.41× | 1.44× | ||
| Q1 25 | 1.36× | 2.23× | ||
| Q4 24 | 1.86× | 2.66× | ||
| Q3 24 | 1.85× | 0.81× | ||
| Q2 24 | 1.56× | 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
DHR
暂无分部数据
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
