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伊士曼化工（EMN）与诺唯真游轮控股（NCLH）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是伊士曼化工的1.1倍（$2.2B vs $2.0B），伊士曼化工净利率更高（5.3% vs 0.6%，领先4.7%），诺唯真游轮控股同比增速更快（6.4% vs -13.8%），过去两年诺唯真游轮控股的营收复合增速更高（1.2% vs -8.6%）
伊士曼化工是总部位于美国田纳西州金斯波特的全球特种材料企业，前身为柯达子公司，1920年成立，1994年独立运营。公司在全球拥有36个生产基地、约1.4万名员工，生产各类先进材料、化学品和纤维产品，广泛应用于日常生活领域，2023年销售额约92.1亿美元。
诺唯真游轮（NCL）1966年创立于挪威，为美国知名游轮运营商，总部设于佛罗里达州迈阿密-戴德县，注册地为巴哈马，由诺唯真游轮控股全资持有。按载客量计算，该品牌为全球第四大游轮公司，2021年占全球游轮市场载客量份额约8.6%。
EMN vs NCLH — 直观对比
营收规模更大
NCLH
是对方的1.1倍
$2.0B
营收增速更快
NCLH
高出20.2%
-13.8%
净利率更高
EMN
高出4.7%
0.6%
两年增速更快
NCLH
近两年复合增速
-8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $2.2B |
| 净利润 | $105.0M | $14.3M |
| 毛利率 | 17.1% | 41.0% |
| 营业利润率 | — | 8.3% |
| 净利率 | 5.3% | 0.6% |
| 营收同比 | -13.8% | 6.4% |
| 净利润同比 | -42.3% | -94.4% |
| 每股收益（稀释后） | $0.93 | $0.08 |
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EMNNCLH
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $2.2B | ||
| Q3 25 | $2.2B | $2.9B | ||
| Q2 25 | $2.3B | $2.5B | ||
| Q1 25 | $2.3B | $2.1B | ||
| Q4 24 | $2.2B | $2.1B | ||
| Q3 24 | $2.5B | $2.8B | ||
| Q2 24 | $2.4B | $2.4B |
净利润EMNNCLH
| Q1 26 | $105.0M | — | ||
| Q4 25 | $105.0M | $14.3M | ||
| Q3 25 | $47.0M | $419.3M | ||
| Q2 25 | $140.0M | $30.0M | ||
| Q1 25 | $182.0M | $-40.3M | ||
| Q4 24 | $330.0M | $254.5M | ||
| Q3 24 | $180.0M | $474.9M | ||
| Q2 24 | $230.0M | $163.4M |
毛利率EMNNCLH
| Q1 26 | 17.1% | — | ||
| Q4 25 | 17.1% | 41.0% | ||
| Q3 25 | 19.7% | 47.1% | ||
| Q2 25 | 22.1% | 42.1% | ||
| Q1 25 | 24.8% | 38.7% | ||
| Q4 24 | 24.7% | 38.0% | ||
| Q3 24 | 24.6% | 45.2% | ||
| Q2 24 | 25.3% | 38.7% |
营业利润率EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 8.3% | ||
| Q3 25 | 6.1% | 25.5% | ||
| Q2 25 | 7.4% | 16.8% | ||
| Q1 25 | 11.0% | 9.4% | ||
| Q4 24 | 13.2% | 10.2% | ||
| Q3 24 | 11.4% | 24.6% | ||
| Q2 24 | 12.1% | 14.4% |
净利率EMNNCLH
| Q1 26 | 5.3% | — | ||
| Q4 25 | 5.3% | 0.6% | ||
| Q3 25 | 2.1% | 14.3% | ||
| Q2 25 | 6.1% | 1.2% | ||
| Q1 25 | 7.9% | -1.9% | ||
| Q4 24 | 14.7% | 12.1% | ||
| Q3 24 | 7.3% | 16.9% | ||
| Q2 24 | 9.7% | 6.9% |
每股收益（稀释后）EMNNCLH
| Q1 26 | $0.93 | — | ||
| Q4 25 | $0.93 | $0.08 | ||
| Q3 25 | $0.40 | $0.86 | ||
| Q2 25 | $1.20 | $0.07 | ||
| Q1 25 | $1.57 | $-0.09 | ||
| Q4 24 | $2.81 | $0.55 | ||
| Q3 24 | $1.53 | $0.95 | ||
| Q2 24 | $1.94 | $0.35 |
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 | $566.0M | $209.9M |
| 总债务越低越好 | — | $13.7B |
| 股东权益账面价值 | $6.0B | $2.2B |
| 总资产 | $14.9B | $22.5B |
| 负债/权益比越低杠杆越低 | — | 6.21× |
8季度趋势，按日历期对齐
现金及短期投资EMNNCLH
| Q1 26 | $566.0M | — | ||
| Q4 25 | $566.0M | $209.9M | ||
| Q3 25 | — | $166.8M | ||
| Q2 25 | — | $184.0M | ||
| Q1 25 | — | $184.4M | ||
| Q4 24 | $837.0M | $190.8M | ||
| Q3 24 | — | $332.5M | ||
| Q2 24 | — | $594.1M |
总债务EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | — | $13.7B | ||
| Q3 25 | — | $13.6B | ||
| Q2 25 | — | $12.6B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | — | $11.8B | ||
| Q2 24 | — | $11.9B |
股东权益EMNNCLH
| Q1 26 | $6.0B | — | ||
| Q4 25 | $6.0B | $2.2B | ||
| Q3 25 | $5.8B | $2.2B | ||
| Q2 25 | $5.8B | $1.6B | ||
| Q1 25 | $5.9B | $1.4B | ||
| Q4 24 | $5.8B | $1.4B | ||
| Q3 24 | $5.7B | $1.1B | ||
| Q2 24 | $5.6B | $693.1M |
总资产EMNNCLH
| Q1 26 | $14.9B | — | ||
| Q4 25 | $14.9B | $22.5B | ||
| Q3 25 | $15.0B | $22.2B | ||
| Q2 25 | $15.2B | $21.6B | ||
| Q1 25 | $15.0B | $21.4B | ||
| Q4 24 | $15.2B | $20.0B | ||
| Q3 24 | $15.1B | $19.8B | ||
| Q2 24 | $14.9B | $20.1B |
负债/权益比EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | — | 6.21× | ||
| Q3 25 | — | 6.22× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | — | 9.09× | ||
| Q4 24 | — | 8.26× | ||
| Q3 24 | — | 10.35× | ||
| Q2 24 | — | 17.19× |
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 | — | $459.1M |
| 自由现金流经营现金流 - 资本支出 | — | $21.5M |
| 自由现金流率自由现金流/营收 | — | 1.0% |
| 资本支出强度资本支出/营收 | — | 19.5% |
| 现金转化率经营现金流/净利润 | — | 32.21× |
| 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EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | $502.0M | $459.1M | ||
| Q3 25 | $402.0M | $236.6M | ||
| Q2 25 | $233.0M | $714.9M | ||
| Q1 25 | $-167.0M | $679.2M | ||
| Q4 24 | $540.0M | $399.3M | ||
| Q3 24 | $396.0M | $172.5M | ||
| Q2 24 | $367.0M | $670.9M |
自由现金流EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | $390.0M | $21.5M | ||
| Q3 25 | $265.0M | $-726.5M | ||
| Q2 25 | $83.0M | $381.2M | ||
| Q1 25 | $-314.0M | $-846.0M | ||
| Q4 24 | $361.0M | $155.8M | ||
| Q3 24 | $276.0M | $-195.5M | ||
| Q2 24 | $252.0M | $330.2M |
自由现金流率EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | 1.0% | ||
| Q3 25 | 12.0% | -24.7% | ||
| Q2 25 | 3.6% | 15.1% | ||
| Q1 25 | -13.7% | -39.8% | ||
| Q4 24 | 16.1% | 7.4% | ||
| Q3 24 | 11.2% | -7.0% | ||
| Q2 24 | 10.7% | 13.9% |
资本支出强度EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | 19.5% | ||
| Q3 25 | 6.2% | 32.8% | ||
| Q2 25 | 6.6% | 13.3% | ||
| Q1 25 | 6.4% | 71.7% | ||
| Q4 24 | 8.0% | 11.5% | ||
| Q3 24 | 4.9% | 13.1% | ||
| Q2 24 | 4.9% | 14.4% |
现金转化率EMNNCLH
| Q1 26 | — | — | ||
| Q4 25 | 4.78× | 32.21× | ||
| Q3 25 | 8.55× | 0.56× | ||
| Q2 25 | 1.66× | 23.83× | ||
| Q1 25 | -0.92× | — | ||
| Q4 24 | 1.64× | 1.57× | ||
| Q3 24 | 2.20× | 0.36× | ||
| Q2 24 | 1.60× | 4.10× |
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
EMN
暂无分部数据
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
