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Dollar Tree（DLTR）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
Dollar Tree的季度营收约是皇家加勒比集团的1.1倍（$4.7B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 5.2%，领先12.5%），皇家加勒比集团同比增速更快（13.3% vs -37.2%），皇家加勒比集团自由现金流更多（$116.0M vs $-57.1M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs -25.9%）
Dollar Tree是美国多价位折扣百货连锁企业，位列《财富》500强，总部位于弗吉尼亚州切萨皮克。公司在美国本土48个毗连州及加拿大共运营15115家门店，旗下24个配送中心组成的全国物流网络为所有门店提供运营支持。
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。
DLTR vs RCL — 直观对比
营收规模更大
DLTR
是对方的1.1倍
$4.3B
营收增速更快
RCL
高出50.5%
-37.2%
净利率更高
RCL
高出12.5%
5.2%
自由现金流更多
RCL
多$173.1M
$-57.1M
两年增速更快
RCL
近两年复合增速
-25.9%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.7B | $4.3B |
| 净利润 | $244.6M | $753.0M |
| 毛利率 | 35.8% | 47.4% |
| 营业利润率 | 7.2% | 21.9% |
| 净利率 | 5.2% | 17.7% |
| 营收同比 | -37.2% | 13.3% |
| 净利润同比 | 4.8% | 36.4% |
| 每股收益（稀释后） | $1.20 | $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DLTRRCL
| Q4 25 | $4.7B | $4.3B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $4.6B | $4.5B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $7.6B | $3.8B | ||
| Q3 24 | $7.4B | $4.9B | ||
| Q2 24 | $7.6B | $4.1B | ||
| Q1 24 | $8.6B | $3.7B |
净利润DLTRRCL
| Q4 25 | $244.6M | $753.0M | ||
| Q3 25 | $188.4M | $1.6B | ||
| Q2 25 | $343.4M | $1.2B | ||
| Q1 25 | $-3.7B | $730.0M | ||
| Q4 24 | $233.3M | $552.0M | ||
| Q3 24 | $132.4M | $1.1B | ||
| Q2 24 | $300.1M | $854.0M | ||
| Q1 24 | $-1.7B | $360.0M |
毛利率DLTRRCL
| Q4 25 | 35.8% | 47.4% | ||
| Q3 25 | 34.4% | 51.8% | ||
| Q2 25 | 35.6% | 49.7% | ||
| Q1 25 | 37.6% | 48.0% | ||
| Q4 24 | 30.9% | 45.4% | ||
| Q3 24 | 30.0% | 51.1% | ||
| Q2 24 | 30.8% | 47.6% | ||
| Q1 24 | 32.1% | 44.8% |
营业利润率DLTRRCL
| Q4 25 | 7.2% | 21.9% | ||
| Q3 25 | 5.1% | 33.1% | ||
| Q2 25 | 8.3% | 29.3% | ||
| Q1 25 | — | 23.6% | ||
| Q4 24 | 4.4% | 16.6% | ||
| Q3 24 | 2.8% | 33.4% | ||
| Q2 24 | 5.5% | 26.7% | ||
| Q1 24 | -21.9% | 20.1% |
净利率DLTRRCL
| Q4 25 | 5.2% | 17.7% | ||
| Q3 25 | 4.1% | 30.6% | ||
| Q2 25 | 7.4% | 26.7% | ||
| Q1 25 | -74.0% | 18.3% | ||
| Q4 24 | 3.1% | 14.7% | ||
| Q3 24 | 1.8% | 22.7% | ||
| Q2 24 | 3.9% | 20.8% | ||
| Q1 24 | -19.8% | 9.7% |
每股收益（稀释后）DLTRRCL
| Q4 25 | $1.20 | $2.76 | ||
| Q3 25 | $0.91 | $5.74 | ||
| Q2 25 | $1.61 | $4.41 | ||
| Q1 25 | $-17.17 | $2.70 | ||
| Q4 24 | $1.08 | $2.27 | ||
| Q3 24 | $0.62 | $4.21 | ||
| Q2 24 | $1.38 | $3.11 | ||
| Q1 24 | $-7.78 | $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 | $594.8M | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | $3.5B | $10.0B |
| 总资产 | $13.7B | $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DLTRRCL
| Q4 25 | $594.8M | $825.0M | ||
| Q3 25 | $666.3M | $432.0M | ||
| Q2 25 | $1.0B | $735.0M | ||
| Q1 25 | $1.3B | $386.0M | ||
| Q4 24 | $697.6M | $388.0M | ||
| Q3 24 | $570.3M | $418.0M | ||
| Q2 24 | $618.5M | $391.0M | ||
| Q1 24 | $684.9M | $437.0M |
总债务DLTRRCL
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | $3.4B | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B | ||
| Q1 24 | $3.4B | $18.9B |
股东权益DLTRRCL
| Q4 25 | $3.5B | $10.0B | ||
| Q3 25 | $3.6B | $10.1B | ||
| Q2 25 | $3.9B | $9.2B | ||
| Q1 25 | $4.0B | $8.0B | ||
| Q4 24 | $7.6B | $7.6B | ||
| Q3 24 | $7.4B | $7.0B | ||
| Q2 24 | $7.3B | $6.0B | ||
| Q1 24 | $7.3B | $5.2B |
总资产DLTRRCL
| Q4 25 | $13.7B | $41.6B | ||
| Q3 25 | $13.4B | $40.1B | ||
| Q2 25 | $18.3B | $38.5B | ||
| Q1 25 | $18.6B | $37.5B | ||
| Q4 24 | $23.3B | $37.1B | ||
| Q3 24 | $22.6B | $37.1B | ||
| Q2 24 | $22.1B | $37.0B | ||
| Q1 24 | $22.0B | $35.2B |
负债/权益比DLTRRCL
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | 0.86× | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× | ||
| Q1 24 | 0.47× | 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 | $319.3M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-57.1M | $116.0M |
| 自由现金流率自由现金流/营收 | -1.2% | 2.7% |
| 资本支出强度资本支出/营收 | 7.9% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.31× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $394.5M | $1.2B |
8季度趋势，按日历期对齐
经营现金流DLTRRCL
| Q4 25 | $319.3M | $1.6B | ||
| Q3 25 | $260.7M | $1.5B | ||
| Q2 25 | $378.5M | $1.7B | ||
| Q1 25 | $405.1M | $1.6B | ||
| Q4 24 | $785.6M | $1.5B | ||
| Q3 24 | $306.9M | $897.0M | ||
| Q2 24 | $695.7M | $1.6B | ||
| Q1 24 | $1.3B | $1.3B |
自由现金流DLTRRCL
| Q4 25 | $-57.1M | $116.0M | ||
| Q3 25 | $15.6M | $-989.0M | ||
| Q2 25 | $129.7M | $910.0M | ||
| Q1 25 | $306.3M | $1.2B | ||
| Q4 24 | $359.2M | $915.0M | ||
| Q3 24 | $-193.8M | $563.0M | ||
| Q2 24 | $223.5M | $-567.0M | ||
| Q1 24 | $470.8M | $1.1B |
自由现金流率DLTRRCL
| Q4 25 | -1.2% | 2.7% | ||
| Q3 25 | 0.3% | -19.2% | ||
| Q2 25 | 2.8% | 20.1% | ||
| Q1 25 | 6.1% | 30.0% | ||
| Q4 24 | 4.8% | 24.3% | ||
| Q3 24 | -2.6% | 11.5% | ||
| Q2 24 | 2.9% | -13.8% | ||
| Q1 24 | 5.5% | 29.1% |
资本支出强度DLTRRCL
| Q4 25 | 7.9% | 35.4% | ||
| Q3 25 | 5.4% | 47.8% | ||
| Q2 25 | 5.4% | 18.4% | ||
| Q1 25 | 2.0% | 10.7% | ||
| Q4 24 | 5.6% | 14.7% | ||
| Q3 24 | 6.8% | 6.8% | ||
| Q2 24 | 6.2% | 52.1% | ||
| Q1 24 | 9.1% | 6.5% |
现金转化率DLTRRCL
| Q4 25 | 1.31× | 2.16× | ||
| Q3 25 | 1.38× | 0.93× | ||
| Q2 25 | 1.10× | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | 3.37× | 2.66× | ||
| Q3 24 | 2.32× | 0.81× | ||
| Q2 24 | 2.32× | 1.84× | ||
| Q1 24 | — | 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
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
