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达维塔（DVA）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
皇家加勒比集团的季度营收约是达维塔的1.2倍（$4.3B vs $3.6B），皇家加勒比集团净利率更高（17.7% vs 6.5%，领先11.2%），皇家加勒比集团同比增速更快（13.3% vs 12.3%），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 6.6%）
达维塔是美国肾脏透析服务提供商，在美国运营2675家门诊中心，服务20.08万名患者；同时在其他11个国家布局367家门诊中心，服务4.94万名患者。公司主要服务终末期肾病患者，这类患者除非接受捐肾移植，否则通常需要终生每周接受三次透析治疗。
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。
DVA vs RCL — 直观对比
营收规模更大
RCL
是对方的1.2倍
$3.6B
营收增速更快
RCL
高出1.0%
12.3%
净利率更高
RCL
高出11.2%
6.5%
两年增速更快
RCL
近两年复合增速
6.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $4.3B |
| 净利润 | $234.2M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 15.5% | 21.9% |
| 净利率 | 6.5% | 17.7% |
| 营收同比 | 12.3% | 13.3% |
| 净利润同比 | 43.8% | 36.4% |
| 每股收益（稀释后） | $3.22 | $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DVARCL
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $4.3B | ||
| Q3 25 | $3.4B | $5.1B | ||
| Q2 25 | $3.4B | $4.5B | ||
| Q1 25 | $3.2B | $4.0B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.3B | $4.9B | ||
| Q2 24 | $3.2B | $4.1B |
净利润DVARCL
| Q1 26 | $234.2M | — | ||
| Q4 25 | $234.2M | $753.0M | ||
| Q3 25 | $150.3M | $1.6B | ||
| Q2 25 | $199.3M | $1.2B | ||
| Q1 25 | $162.9M | $730.0M | ||
| Q4 24 | $259.3M | $552.0M | ||
| Q3 24 | $214.7M | $1.1B | ||
| Q2 24 | $222.7M | $854.0M |
毛利率DVARCL
| Q1 26 | — | — | ||
| 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% |
营业利润率DVARCL
| Q1 26 | 15.5% | — | ||
| Q4 25 | 15.5% | 21.9% | ||
| Q3 25 | 14.8% | 33.1% | ||
| Q2 25 | 15.9% | 29.3% | ||
| Q1 25 | 13.6% | 23.6% | ||
| Q4 24 | 17.2% | 16.6% | ||
| Q3 24 | 16.4% | 33.4% | ||
| Q2 24 | 15.9% | 26.7% |
净利率DVARCL
| Q1 26 | 6.5% | — | ||
| Q4 25 | 6.5% | 17.7% | ||
| Q3 25 | 4.4% | 30.6% | ||
| Q2 25 | 5.9% | 26.7% | ||
| Q1 25 | 5.1% | 18.3% | ||
| Q4 24 | 7.9% | 14.7% | ||
| Q3 24 | 6.6% | 22.7% | ||
| Q2 24 | 7.0% | 20.8% |
每股收益（稀释后）DVARCL
| Q1 26 | $3.22 | — | ||
| Q4 25 | $3.22 | $2.76 | ||
| Q3 25 | $2.04 | $5.74 | ||
| Q2 25 | $2.58 | $4.41 | ||
| Q1 25 | $2.00 | $2.70 | ||
| Q4 24 | $3.08 | $2.27 | ||
| Q3 24 | $2.50 | $4.21 | ||
| Q2 24 | $2.50 | $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 | $700.7M | $825.0M |
| 总债务越低越好 | $10.2B | $18.2B |
| 股东权益账面价值 | $-651.1M | $10.0B |
| 总资产 | $17.5B | $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DVARCL
| Q1 26 | $700.7M | — | ||
| Q4 25 | $700.7M | $825.0M | ||
| Q3 25 | $736.5M | $432.0M | ||
| Q2 25 | $739.4M | $735.0M | ||
| Q1 25 | $511.9M | $386.0M | ||
| Q4 24 | $846.0M | $388.0M | ||
| Q3 24 | $1.1B | $418.0M | ||
| Q2 24 | $437.2M | $391.0M |
总债务DVARCL
| Q1 26 | $10.2B | — | ||
| Q4 25 | $10.2B | $18.2B | ||
| Q3 25 | $10.2B | $17.2B | ||
| Q2 25 | $10.1B | $17.6B | ||
| Q1 25 | $9.6B | $18.0B | ||
| Q4 24 | $9.2B | $18.5B | ||
| Q3 24 | $9.3B | $19.0B | ||
| Q2 24 | $8.5B | $19.8B |
股东权益DVARCL
| Q1 26 | $-651.1M | — | ||
| Q4 25 | $-651.1M | $10.0B | ||
| Q3 25 | $-571.9M | $10.1B | ||
| Q2 25 | $-369.6M | $9.2B | ||
| Q1 25 | $-267.1M | $8.0B | ||
| Q4 24 | $121.1M | $7.6B | ||
| Q3 24 | $386.7M | $7.0B | ||
| Q2 24 | $632.9M | $6.0B |
总资产DVARCL
| Q1 26 | $17.5B | — | ||
| Q4 25 | $17.5B | $41.6B | ||
| Q3 25 | $17.6B | $40.1B | ||
| Q2 25 | $17.5B | $38.5B | ||
| Q1 25 | $17.1B | $37.5B | ||
| Q4 24 | $17.3B | $37.1B | ||
| Q3 24 | $17.5B | $37.1B | ||
| Q2 24 | $17.0B | $37.0B |
负债/权益比DVARCL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 75.76× | 2.44× | ||
| Q3 24 | 23.95× | 2.69× | ||
| Q2 24 | 13.35× | 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 | — | $1.6B |
| 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 | — | 2.16× |
| 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DVARCL
| Q1 26 | — | — | ||
| Q4 25 | $540.7M | $1.6B | ||
| Q3 25 | $841.5M | $1.5B | ||
| Q2 25 | $324.2M | $1.7B | ||
| Q1 25 | $180.0M | $1.6B | ||
| Q4 24 | $547.6M | $1.5B | ||
| Q3 24 | $810.4M | $897.0M | ||
| Q2 24 | $798.8M | $1.6B |
自由现金流DVARCL
| Q1 26 | — | — | ||
| Q4 25 | $395.3M | $116.0M | ||
| Q3 25 | $675.4M | $-989.0M | ||
| Q2 25 | $203.1M | $910.0M | ||
| Q1 25 | $36.8M | $1.2B | ||
| Q4 24 | $377.0M | $915.0M | ||
| Q3 24 | $671.4M | $563.0M | ||
| Q2 24 | $674.1M | $-567.0M |
自由现金流率DVARCL
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 2.7% | ||
| Q3 25 | 19.7% | -19.2% | ||
| Q2 25 | 6.0% | 20.1% | ||
| Q1 25 | 1.1% | 30.0% | ||
| Q4 24 | 11.4% | 24.3% | ||
| Q3 24 | 20.6% | 11.5% | ||
| Q2 24 | 21.2% | -13.8% |
资本支出强度DVARCL
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 35.4% | ||
| Q3 25 | 4.9% | 47.8% | ||
| Q2 25 | 3.6% | 18.4% | ||
| Q1 25 | 4.4% | 10.7% | ||
| Q4 24 | 5.2% | 14.7% | ||
| Q3 24 | 4.3% | 6.8% | ||
| Q2 24 | 3.9% | 52.1% |
现金转化率DVARCL
| Q1 26 | — | — | ||
| Q4 25 | 2.31× | 2.16× | ||
| Q3 25 | 5.60× | 0.93× | ||
| Q2 25 | 1.63× | 1.44× | ||
| Q1 25 | 1.10× | 2.23× | ||
| Q4 24 | 2.11× | 2.66× | ||
| Q3 24 | 3.77× | 0.81× | ||
| Q2 24 | 3.59× | 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
DVA
暂无分部数据
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
