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艺康（ECL）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艺康的1.0倍（$4.3B vs $4.1B），皇家加勒比集团净利率更高（17.7% vs 10.6%，领先7.0%），皇家加勒比集团同比增速更快（13.3% vs 10.0%），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 1.0%）
艺康（Ecolab）总部位于美国明尼苏达州圣保罗市，是全球领先的水处理、清洁消毒与卫生防护产品提供商，核心客户群体覆盖各领域商业机构与工业企业，可助力客户提升运营效率、保障公共卫生安全、实现可持续发展。
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。
ECL vs RCL — 直观对比
营收规模更大
RCL
是对方的1.0倍
$4.1B
营收增速更快
RCL
高出3.2%
10.0%
净利率更高
RCL
高出7.0%
10.6%
两年增速更快
RCL
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.1B | $4.3B |
| 净利润 | $432.6M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 15.3% | 21.9% |
| 净利率 | 10.6% | 17.7% |
| 营收同比 | 10.0% | 13.3% |
| 净利润同比 | 1.3% | 36.4% |
| 每股收益（稀释后） | $1.52 | $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ECLRCL
| Q2 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $4.3B | ||
| Q3 25 | $4.2B | $5.1B | ||
| Q2 25 | $4.0B | $4.5B | ||
| Q1 25 | $3.7B | $4.0B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $4.0B | $4.9B | ||
| Q2 24 | $4.0B | $4.1B |
净利润ECLRCL
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $753.0M | ||
| Q3 25 | $585.0M | $1.6B | ||
| Q2 25 | $524.2M | $1.2B | ||
| Q1 25 | $402.5M | $730.0M | ||
| Q4 24 | $472.9M | $552.0M | ||
| Q3 24 | $736.5M | $1.1B | ||
| Q2 24 | $490.9M | $854.0M |
毛利率ECLRCL
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | 47.4% | ||
| Q3 25 | 44.8% | 51.8% | ||
| Q2 25 | 44.8% | 49.7% | ||
| Q1 25 | 44.2% | 48.0% | ||
| Q4 24 | 43.3% | 45.4% | ||
| Q3 24 | 43.4% | 51.1% | ||
| Q2 24 | 43.8% | 47.6% |
营业利润率ECLRCL
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 21.9% | ||
| Q3 25 | 18.3% | 33.1% | ||
| Q2 25 | 17.6% | 29.3% | ||
| Q1 25 | 15.0% | 23.6% | ||
| Q4 24 | 14.6% | 16.6% | ||
| Q3 24 | 26.1% | 33.4% | ||
| Q2 24 | 16.5% | 26.7% |
净利率ECLRCL
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 17.7% | ||
| Q3 25 | 14.0% | 30.6% | ||
| Q2 25 | 13.0% | 26.7% | ||
| Q1 25 | 10.9% | 18.3% | ||
| Q4 24 | 11.8% | 14.7% | ||
| Q3 24 | 18.4% | 22.7% | ||
| Q2 24 | 12.3% | 20.8% |
每股收益（稀释后）ECLRCL
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $2.76 | ||
| Q3 25 | $2.05 | $5.74 | ||
| Q2 25 | $1.84 | $4.41 | ||
| Q1 25 | $1.41 | $2.70 | ||
| Q4 24 | $1.65 | $2.27 | ||
| Q3 24 | $2.58 | $4.21 | ||
| Q2 24 | $1.71 | $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 | $519.8K | $825.0M |
| 总债务越低越好 | $8.5M | $18.2B |
| 股东权益账面价值 | $10.0M | $10.0B |
| 总资产 | $25.0M | $41.6B |
| 负债/权益比越低杠杆越低 | 0.85× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资ECLRCL
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $825.0M | ||
| Q3 25 | $2.0B | $432.0M | ||
| Q2 25 | $1.9B | $735.0M | ||
| Q1 25 | $1.2B | $386.0M | ||
| Q4 24 | $1.3B | $388.0M | ||
| Q3 24 | $1.3B | $418.0M | ||
| Q2 24 | $384.0M | $391.0M |
总债务ECLRCL
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | $18.2B | ||
| Q3 25 | $8.1B | $17.2B | ||
| Q2 25 | $7.5B | $17.6B | ||
| Q1 25 | $7.0B | $18.0B | ||
| Q4 24 | $6.9B | $18.5B | ||
| Q3 24 | $7.0B | $19.0B | ||
| Q2 24 | $7.5B | $19.8B |
股东权益ECLRCL
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $10.0B | ||
| Q3 25 | $9.7B | $10.1B | ||
| Q2 25 | $9.3B | $9.2B | ||
| Q1 25 | $8.9B | $8.0B | ||
| Q4 24 | $8.8B | $7.6B | ||
| Q3 24 | $8.5B | $7.0B | ||
| Q2 24 | $8.3B | $6.0B |
总资产ECLRCL
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $41.6B | ||
| Q3 25 | $23.9B | $40.1B | ||
| Q2 25 | $23.7B | $38.5B | ||
| Q1 25 | $22.4B | $37.5B | ||
| Q4 24 | $22.4B | $37.1B | ||
| Q3 24 | $22.1B | $37.1B | ||
| Q2 24 | $21.5B | $37.0B |
负债/权益比ECLRCL
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | 1.81× | ||
| Q3 25 | 0.83× | 1.70× | ||
| Q2 25 | 0.81× | 1.92× | ||
| Q1 25 | 0.79× | 2.26× | ||
| Q4 24 | 0.79× | 2.44× | ||
| Q3 24 | 0.82× | 2.69× | ||
| Q2 24 | 0.91× | 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ECLRCL
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $791.3M | $1.5B | ||
| Q2 25 | $701.8M | $1.7B | ||
| Q1 25 | $369.4M | $1.6B | ||
| Q4 24 | $766.7M | $1.5B | ||
| Q3 24 | $786.7M | $897.0M | ||
| Q2 24 | $611.1M | $1.6B |
自由现金流ECLRCL
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $116.0M | ||
| Q3 25 | $529.7M | $-989.0M | ||
| Q2 25 | $485.1M | $910.0M | ||
| Q1 25 | $131.5M | $1.2B | ||
| Q4 24 | $407.0M | $915.0M | ||
| Q3 24 | $550.3M | $563.0M | ||
| Q2 24 | $414.2M | $-567.0M |
自由现金流率ECLRCL
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 2.7% | ||
| Q3 25 | 12.7% | -19.2% | ||
| Q2 25 | 12.1% | 20.1% | ||
| Q1 25 | 3.6% | 30.0% | ||
| Q4 24 | 10.2% | 24.3% | ||
| Q3 24 | 13.8% | 11.5% | ||
| Q2 24 | 10.4% | -13.8% |
资本支出强度ECLRCL
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 35.4% | ||
| Q3 25 | 6.3% | 47.8% | ||
| Q2 25 | 5.4% | 18.4% | ||
| Q1 25 | 6.4% | 10.7% | ||
| Q4 24 | 9.0% | 14.7% | ||
| Q3 24 | 5.9% | 6.8% | ||
| Q2 24 | 4.9% | 52.1% |
现金转化率ECLRCL
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 2.16× | ||
| Q3 25 | 1.35× | 0.93× | ||
| Q2 25 | 1.34× | 1.44× | ||
| Q1 25 | 0.92× | 2.23× | ||
| Q4 24 | 1.62× | 2.66× | ||
| Q3 24 | 1.07× | 0.81× | ||
| Q2 24 | 1.24× | 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
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
