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艾默生（EMR）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艾默生的1.0倍（$4.5B vs $4.3B），皇家加勒比集团净利率更高（21.3% vs 13.9%，领先7.4%），皇家加勒比集团同比增速更快（11.3% vs 4.1%），过去两年皇家加勒比集团的营收复合增速更高（4.1% vs -0.3%）
艾默生是总部位于美国密苏里州圣路易斯的世界500强跨国企业，业务涵盖工业自动化设备、暖通控制系统、精密测量仪器的研发制造，同时面向工业、商业、消费级市场提供工程服务及对应软件工程解决方案。
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。
EMR vs RCL — 直观对比
营收规模更大
RCL
是对方的1.0倍
$4.3B
营收增速更快
RCL
高出7.2%
4.1%
净利率更高
RCL
高出7.4%
13.9%
两年增速更快
RCL
近两年复合增速
-0.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $4.5B |
| 净利润 | $605.0M | $950.0M |
| 毛利率 | 53.2% | — |
| 营业利润率 | 17.8% | 26.1% |
| 净利率 | 13.9% | 21.3% |
| 营收同比 | 4.1% | 11.3% |
| 净利润同比 | 3.4% | 29.1% |
| 每股收益（稀释后） | $1.07 | $3.48 |
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EMRRCL
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.3B | $4.3B | ||
| Q3 25 | $4.9B | $5.1B | ||
| Q2 25 | $4.6B | $4.5B | ||
| Q1 25 | $4.4B | $4.0B | ||
| Q4 24 | $4.2B | $3.8B | ||
| Q3 24 | $4.6B | $4.9B | ||
| Q2 24 | $4.4B | $4.1B |
净利润EMRRCL
| Q1 26 | — | $950.0M | ||
| Q4 25 | $605.0M | $753.0M | ||
| Q3 25 | $637.0M | $1.6B | ||
| Q2 25 | $586.0M | $1.2B | ||
| Q1 25 | $485.0M | $730.0M | ||
| Q4 24 | $585.0M | $552.0M | ||
| Q3 24 | $996.0M | $1.1B | ||
| Q2 24 | $329.0M | $854.0M |
毛利率EMRRCL
| Q1 26 | — | — | ||
| Q4 25 | 53.2% | 47.4% | ||
| Q3 25 | 51.9% | 51.8% | ||
| Q2 25 | 52.6% | 49.7% | ||
| Q1 25 | 53.5% | 48.0% | ||
| Q4 24 | 53.5% | 45.4% | ||
| Q3 24 | 51.3% | 51.1% | ||
| Q2 24 | 52.8% | 47.6% |
营业利润率EMRRCL
| Q1 26 | — | 26.1% | ||
| Q4 25 | 17.8% | 21.9% | ||
| Q3 25 | 16.4% | 33.1% | ||
| Q2 25 | 16.1% | 29.3% | ||
| Q1 25 | 14.2% | 23.6% | ||
| Q4 24 | 18.6% | 16.6% | ||
| Q3 24 | 14.7% | 33.4% | ||
| Q2 24 | 10.4% | 26.7% |
净利率EMRRCL
| Q1 26 | — | 21.3% | ||
| Q4 25 | 13.9% | 17.7% | ||
| Q3 25 | 13.1% | 30.6% | ||
| Q2 25 | 12.9% | 26.7% | ||
| Q1 25 | 10.9% | 18.3% | ||
| Q4 24 | 14.0% | 14.7% | ||
| Q3 24 | 21.6% | 22.7% | ||
| Q2 24 | 7.5% | 20.8% |
每股收益（稀释后）EMRRCL
| Q1 26 | — | $3.48 | ||
| Q4 25 | $1.07 | $2.76 | ||
| Q3 25 | $1.12 | $5.74 | ||
| Q2 25 | $1.04 | $4.41 | ||
| Q1 25 | $0.86 | $2.70 | ||
| Q4 24 | $1.02 | $2.27 | ||
| Q3 24 | $1.74 | $4.21 | ||
| Q2 24 | $0.57 | $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 | — | $512.0M |
| 总债务越低越好 | $7.6B | $21.1B |
| 股东权益账面价值 | $20.3B | $10.0B |
| 总资产 | $41.9B | $42.0B |
| 负债/权益比越低杠杆越低 | 0.37× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资EMRRCL
| Q1 26 | — | $512.0M | ||
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M |
总债务EMRRCL
| Q1 26 | — | $21.1B | ||
| Q4 25 | $7.6B | $18.2B | ||
| Q3 25 | $8.9B | $17.2B | ||
| Q2 25 | $8.3B | $17.6B | ||
| Q1 25 | $8.2B | $18.0B | ||
| Q4 24 | $6.6B | $18.5B | ||
| Q3 24 | $7.7B | $19.0B | ||
| Q2 24 | $7.1B | $19.8B |
股东权益EMRRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $20.3B | $10.0B | ||
| Q3 25 | $20.3B | $10.1B | ||
| Q2 25 | $19.9B | $9.2B | ||
| Q1 25 | $19.2B | $8.0B | ||
| Q4 24 | $20.5B | $7.6B | ||
| Q3 24 | $21.6B | $7.0B | ||
| Q2 24 | $20.8B | $6.0B |
总资产EMRRCL
| Q1 26 | — | $42.0B | ||
| Q4 25 | $41.9B | $41.6B | ||
| Q3 25 | $42.0B | $40.1B | ||
| Q2 25 | $42.5B | $38.5B | ||
| Q1 25 | $42.0B | $37.5B | ||
| Q4 24 | $42.6B | $37.1B | ||
| Q3 24 | $44.2B | $37.1B | ||
| Q2 24 | $45.6B | $37.0B |
负债/权益比EMRRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | 0.37× | 1.81× | ||
| Q3 25 | 0.44× | 1.70× | ||
| Q2 25 | 0.42× | 1.92× | ||
| Q1 25 | 0.42× | 2.26× | ||
| Q4 24 | 0.32× | 2.44× | ||
| Q3 24 | 0.36× | 2.69× | ||
| Q2 24 | 0.34× | 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 | $699.0M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $602.0M | — |
| 自由现金流率自由现金流/营收 | 13.9% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 1.16× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $4.4B | — |
8季度趋势，按日历期对齐
经营现金流EMRRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $699.0M | $1.6B | ||
| Q3 25 | $3.1B | $1.5B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $241.0M | $1.6B | ||
| Q4 24 | $777.0M | $1.5B | ||
| Q3 24 | $3.3B | $897.0M | ||
| Q2 24 | $1.1B | $1.6B |
自由现金流EMRRCL
| Q1 26 | — | — | ||
| Q4 25 | $602.0M | $116.0M | ||
| Q3 25 | $2.7B | $-989.0M | ||
| Q2 25 | $977.0M | $910.0M | ||
| Q1 25 | $154.0M | $1.2B | ||
| Q4 24 | $694.0M | $915.0M | ||
| Q3 24 | $2.9B | $563.0M | ||
| Q2 24 | $998.0M | $-567.0M |
自由现金流率EMRRCL
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 2.7% | ||
| Q3 25 | 54.9% | -19.2% | ||
| Q2 25 | 21.5% | 20.1% | ||
| Q1 25 | 3.5% | 30.0% | ||
| Q4 24 | 16.6% | 24.3% | ||
| Q3 24 | 63.1% | 11.5% | ||
| Q2 24 | 22.8% | -13.8% |
资本支出强度EMRRCL
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 35.4% | ||
| Q3 25 | 8.9% | 47.8% | ||
| Q2 25 | 2.0% | 18.4% | ||
| Q1 25 | 2.0% | 10.7% | ||
| Q4 24 | 2.0% | 14.7% | ||
| Q3 24 | 9.1% | 6.8% | ||
| Q2 24 | 2.1% | 52.1% |
现金转化率EMRRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 1.16× | 2.16× | ||
| Q3 25 | 4.86× | 0.93× | ||
| Q2 25 | 1.83× | 1.44× | ||
| Q1 25 | 0.50× | 2.23× | ||
| Q4 24 | 1.33× | 2.66× | ||
| Q3 24 | 3.35× | 0.81× | ||
| Q2 24 | 3.31× | 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
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
