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DTE Energy（DTE）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
DTE Energy的季度营收约是皇家加勒比集团的1.0倍（$4.4B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 8.3%，领先9.3%），DTE Energy同比增速更快（28.9% vs 13.3%），过去两年DTE Energy的营收复合增速更高（16.9% vs 6.9%）
DTE Energy是总部位于美国底特律的多元化能源企业，业务范围覆盖美国和加拿大，专注于能源相关业务及服务的开发与运营。旗下运营板块包括密歇根州的电力及天然气公用事业公司，分别服务220万和130万用户。
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。
DTE vs RCL — 直观对比
营收规模更大
DTE
是对方的1.0倍
$4.3B
营收增速更快
DTE
高出15.6%
13.3%
净利率更高
RCL
高出9.3%
8.3%
两年增速更快
DTE
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $4.3B |
| 净利润 | $369.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 15.9% | 21.9% |
| 净利率 | 8.3% | 17.7% |
| 营收同比 | 28.9% | 13.3% |
| 净利润同比 | 26.4% | 36.4% |
| 每股收益（稀释后） | $1.78 | $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DTERCL
| Q4 25 | $4.4B | $4.3B | ||
| Q3 25 | $3.5B | $5.1B | ||
| Q2 25 | $3.4B | $4.5B | ||
| Q1 25 | $4.4B | $4.0B | ||
| Q4 24 | $3.4B | $3.8B | ||
| Q3 24 | $2.9B | $4.9B | ||
| Q2 24 | $2.9B | $4.1B | ||
| Q1 24 | $3.2B | $3.7B |
净利润DTERCL
| Q4 25 | $369.0M | $753.0M | ||
| Q3 25 | $419.0M | $1.6B | ||
| Q2 25 | $229.0M | $1.2B | ||
| Q1 25 | $445.0M | $730.0M | ||
| Q4 24 | $292.0M | $552.0M | ||
| Q3 24 | $477.0M | $1.1B | ||
| Q2 24 | $322.0M | $854.0M | ||
| Q1 24 | $313.0M | $360.0M |
毛利率DTERCL
| 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% | ||
| Q1 24 | — | 44.8% |
营业利润率DTERCL
| Q4 25 | 15.9% | 21.9% | ||
| Q3 25 | 17.6% | 33.1% | ||
| Q2 25 | 12.5% | 29.3% | ||
| Q1 25 | 14.1% | 23.6% | ||
| Q4 24 | 16.2% | 16.6% | ||
| Q3 24 | 17.8% | 33.4% | ||
| Q2 24 | 17.5% | 26.7% | ||
| Q1 24 | 16.0% | 20.1% |
净利率DTERCL
| Q4 25 | 8.3% | 17.7% | ||
| Q3 25 | 11.9% | 30.6% | ||
| Q2 25 | 6.7% | 26.7% | ||
| Q1 25 | 10.0% | 18.3% | ||
| Q4 24 | 8.5% | 14.7% | ||
| Q3 24 | 16.4% | 22.7% | ||
| Q2 24 | 11.2% | 20.8% | ||
| Q1 24 | 9.7% | 9.7% |
每股收益（稀释后）DTERCL
| Q4 25 | $1.78 | $2.76 | ||
| Q3 25 | $2.01 | $5.74 | ||
| Q2 25 | $1.10 | $4.41 | ||
| Q1 25 | $2.14 | $2.70 | ||
| Q4 24 | $1.41 | $2.27 | ||
| Q3 24 | $2.30 | $4.21 | ||
| Q2 24 | $1.55 | $3.11 | ||
| Q1 24 | $1.51 | $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 | $208.0M | $825.0M |
| 总债务越低越好 | $23.8B | $18.2B |
| 股东权益账面价值 | $12.3B | $10.0B |
| 总资产 | $54.1B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.93× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资DTERCL
| Q4 25 | $208.0M | $825.0M | ||
| Q3 25 | $34.0M | $432.0M | ||
| Q2 25 | $32.0M | $735.0M | ||
| Q1 25 | $33.0M | $386.0M | ||
| Q4 24 | $24.0M | $388.0M | ||
| Q3 24 | $969.0M | $418.0M | ||
| Q2 24 | $20.0M | $391.0M | ||
| Q1 24 | $292.0M | $437.0M |
总债务DTERCL
| Q4 25 | $23.8B | $18.2B | ||
| Q3 25 | $24.5B | $17.2B | ||
| Q2 25 | $22.9B | $17.6B | ||
| Q1 25 | $21.8B | $18.0B | ||
| Q4 24 | $20.7B | $18.5B | ||
| Q3 24 | $20.5B | $19.0B | ||
| Q2 24 | $19.3B | $19.8B | ||
| Q1 24 | $19.2B | $18.9B |
股东权益DTERCL
| Q4 25 | $12.3B | $10.0B | ||
| Q3 25 | $12.2B | $10.1B | ||
| Q2 25 | $11.7B | $9.2B | ||
| Q1 25 | $11.9B | $8.0B | ||
| Q4 24 | $11.7B | $7.6B | ||
| Q3 24 | $11.6B | $7.0B | ||
| Q2 24 | $11.1B | $6.0B | ||
| Q1 24 | $11.2B | $5.2B |
总资产DTERCL
| Q4 25 | $54.1B | $41.6B | ||
| Q3 25 | $52.0B | $40.1B | ||
| Q2 25 | $50.2B | $38.5B | ||
| Q1 25 | $49.6B | $37.5B | ||
| Q4 24 | $48.8B | $37.1B | ||
| Q3 24 | $49.8B | $37.1B | ||
| Q2 24 | $47.8B | $37.0B | ||
| Q1 24 | $45.9B | $35.2B |
负债/权益比DTERCL
| Q4 25 | 1.93× | 1.81× | ||
| Q3 25 | 2.01× | 1.70× | ||
| Q2 25 | 1.96× | 1.92× | ||
| Q1 25 | 1.83× | 2.26× | ||
| Q4 24 | 1.77× | 2.44× | ||
| Q3 24 | 1.76× | 2.69× | ||
| Q2 24 | 1.74× | 3.29× | ||
| Q1 24 | 1.72× | 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 | $1.0B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | — | $116.0M |
| 自由现金流率自由现金流/营收 | — | 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 | 2.84× | 2.16× |
| 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DTERCL
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $632.0M | $1.5B | ||
| Q2 25 | $709.0M | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $758.0M | $897.0M | ||
| Q2 24 | $759.0M | $1.6B | ||
| Q1 24 | $1.0B | $1.3B |
自由现金流DTERCL
| Q4 25 | — | $116.0M | ||
| Q3 25 | — | $-989.0M | ||
| Q2 25 | — | $910.0M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $915.0M | ||
| Q3 24 | — | $563.0M | ||
| Q2 24 | — | $-567.0M | ||
| Q1 24 | — | $1.1B |
自由现金流率DTERCL
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | -19.2% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | -13.8% | ||
| Q1 24 | — | 29.1% |
资本支出强度DTERCL
| Q4 25 | — | 35.4% | ||
| Q3 25 | — | 47.8% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 52.1% | ||
| Q1 24 | — | 6.5% |
现金转化率DTERCL
| Q4 25 | 2.84× | 2.16× | ||
| Q3 25 | 1.51× | 0.93× | ||
| Q2 25 | 3.10× | 1.44× | ||
| Q1 25 | 2.29× | 2.23× | ||
| Q4 24 | 3.71× | 2.66× | ||
| Q3 24 | 1.59× | 0.81× | ||
| Q2 24 | 2.36× | 1.84× | ||
| Q1 24 | 3.33× | 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
DTE
| Electric Segment | $1.8B | 40% |
| Residential | $723.0M | 16% |
| Gas Segment | $651.0M | 15% |
| Commercial | $524.0M | 12% |
| Other | $333.0M | 8% |
| DTE Vantage Segment | $176.0M | 4% |
| Industrial | $159.0M | 4% |
| End User Transportation | $69.0M | 2% |
| Intermediate Transportation | $25.0M | 1% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
