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伊顿公司（ETN）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
伊顿公司的季度营收约是皇家加勒比集团的1.7倍（$7.1B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 16.0%，领先1.6%），皇家加勒比集团同比增速更快（13.3% vs 13.1%），伊顿公司自由现金流更多（$1.6B vs $116.0M），过去两年伊顿公司的营收复合增速更高（9.0% vs 6.9%）
伊顿公司是一家总部位于爱尔兰的跨国电力管理企业，核心行政中心设在美国俄亥俄州比奇伍德，全球员工规模超过8.5万名，旗下产品销往全球175个以上国家和地区的客户市场。
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。
ETN vs RCL — 直观对比
营收规模更大
ETN
是对方的1.7倍
$4.3B
营收增速更快
RCL
高出0.2%
13.1%
净利率更高
RCL
高出1.6%
16.0%
自由现金流更多
ETN
多$1.5B
$116.0M
两年增速更快
ETN
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1B | $4.3B |
| 净利润 | $1.1B | $753.0M |
| 毛利率 | 36.8% | 47.4% |
| 营业利润率 | 18.3% | 21.9% |
| 净利率 | 16.0% | 17.7% |
| 营收同比 | 13.1% | 13.3% |
| 净利润同比 | 16.5% | 36.4% |
| 每股收益（稀释后） | $2.90 | $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ETNRCL
| Q4 25 | $7.1B | $4.3B | ||
| Q3 25 | $7.0B | $5.1B | ||
| Q2 25 | $7.0B | $4.5B | ||
| Q1 25 | $6.4B | $4.0B | ||
| Q4 24 | $6.2B | $3.8B | ||
| Q3 24 | $6.3B | $4.9B | ||
| Q2 24 | $6.3B | $4.1B | ||
| Q1 24 | $5.9B | $3.7B |
净利润ETNRCL
| Q4 25 | $1.1B | $753.0M | ||
| Q3 25 | $1.0B | $1.6B | ||
| Q2 25 | $982.0M | $1.2B | ||
| Q1 25 | $964.0M | $730.0M | ||
| Q4 24 | $971.0M | $552.0M | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $993.0M | $854.0M | ||
| Q1 24 | $821.0M | $360.0M |
毛利率ETNRCL
| Q4 25 | 36.8% | 47.4% | ||
| Q3 25 | 38.3% | 51.8% | ||
| Q2 25 | 37.0% | 49.7% | ||
| Q1 25 | 38.4% | 48.0% | ||
| Q4 24 | 38.9% | 45.4% | ||
| Q3 24 | 38.6% | 51.1% | ||
| Q2 24 | 38.0% | 47.6% | ||
| Q1 24 | 37.3% | 44.8% |
营业利润率ETNRCL
| Q4 25 | 18.3% | 21.9% | ||
| Q3 25 | 18.2% | 33.1% | ||
| Q2 25 | 16.9% | 29.3% | ||
| Q1 25 | 18.5% | 23.6% | ||
| Q4 24 | 18.7% | 16.6% | ||
| Q3 24 | 19.0% | 33.4% | ||
| Q2 24 | 18.8% | 26.7% | ||
| Q1 24 | 16.8% | 20.1% |
净利率ETNRCL
| Q4 25 | 16.0% | 17.7% | ||
| Q3 25 | 14.5% | 30.6% | ||
| Q2 25 | 14.0% | 26.7% | ||
| Q1 25 | 15.1% | 18.3% | ||
| Q4 24 | 15.6% | 14.7% | ||
| Q3 24 | 15.9% | 22.7% | ||
| Q2 24 | 15.6% | 20.8% | ||
| Q1 24 | 13.8% | 9.7% |
每股收益（稀释后）ETNRCL
| Q4 25 | $2.90 | $2.76 | ||
| Q3 25 | $2.59 | $5.74 | ||
| Q2 25 | $2.51 | $4.41 | ||
| Q1 25 | $2.45 | $2.70 | ||
| Q4 24 | $2.45 | $2.27 | ||
| Q3 24 | $2.53 | $4.21 | ||
| Q2 24 | $2.48 | $3.11 | ||
| Q1 24 | $2.04 | $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 | $803.0M | $825.0M |
| 总债务越低越好 | $8.8B | $18.2B |
| 股东权益账面价值 | $19.4B | $10.0B |
| 总资产 | $41.3B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.45× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资ETNRCL
| Q4 25 | $803.0M | $825.0M | ||
| Q3 25 | $565.0M | $432.0M | ||
| Q2 25 | $584.0M | $735.0M | ||
| Q1 25 | $1.9B | $386.0M | ||
| Q4 24 | $2.1B | $388.0M | ||
| Q3 24 | $2.0B | $418.0M | ||
| Q2 24 | $2.8B | $391.0M | ||
| Q1 24 | $2.4B | $437.0M |
总债务ETNRCL
| Q4 25 | $8.8B | $18.2B | ||
| Q3 25 | $8.8B | $17.2B | ||
| Q2 25 | $8.8B | $17.6B | ||
| Q1 25 | $7.6B | $18.0B | ||
| Q4 24 | $8.5B | $18.5B | ||
| Q3 24 | $8.7B | $19.0B | ||
| Q2 24 | $8.6B | $19.8B | ||
| Q1 24 | $8.2B | $18.9B |
股东权益ETNRCL
| Q4 25 | $19.4B | $10.0B | ||
| Q3 25 | $18.8B | $10.1B | ||
| Q2 25 | $18.6B | $9.2B | ||
| Q1 25 | $18.5B | $8.0B | ||
| Q4 24 | $18.5B | $7.6B | ||
| Q3 24 | $19.1B | $7.0B | ||
| Q2 24 | $19.2B | $6.0B | ||
| Q1 24 | $19.3B | $5.2B |
总资产ETNRCL
| Q4 25 | $41.3B | $41.6B | ||
| Q3 25 | $40.6B | $40.1B | ||
| Q2 25 | $40.5B | $38.5B | ||
| Q1 25 | $39.2B | $37.5B | ||
| Q4 24 | $38.4B | $37.1B | ||
| Q3 24 | $39.2B | $37.1B | ||
| Q2 24 | $39.4B | $37.0B | ||
| Q1 24 | $38.5B | $35.2B |
负债/权益比ETNRCL
| Q4 25 | 0.45× | 1.81× | ||
| Q3 25 | 0.46× | 1.70× | ||
| Q2 25 | 0.47× | 1.92× | ||
| Q1 25 | 0.41× | 2.26× | ||
| Q4 24 | 0.46× | 2.44× | ||
| Q3 24 | 0.45× | 2.69× | ||
| Q2 24 | 0.45× | 3.29× | ||
| Q1 24 | 0.42× | 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 | $2.0B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $1.6B | $116.0M |
| 自由现金流率自由现金流/营收 | 22.3% | 2.7% |
| 资本支出强度资本支出/营收 | 5.6% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.74× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $3.6B | $1.2B |
8季度趋势，按日历期对齐
经营现金流ETNRCL
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $918.0M | $1.7B | ||
| Q1 25 | $238.0M | $1.6B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.3B | $897.0M | ||
| Q2 24 | $946.0M | $1.6B | ||
| Q1 24 | $475.0M | $1.3B |
自由现金流ETNRCL
| Q4 25 | $1.6B | $116.0M | ||
| Q3 25 | $1.2B | $-989.0M | ||
| Q2 25 | $716.0M | $910.0M | ||
| Q1 25 | $91.0M | $1.2B | ||
| Q4 24 | $1.3B | $915.0M | ||
| Q3 24 | $1.1B | $563.0M | ||
| Q2 24 | $759.0M | $-567.0M | ||
| Q1 24 | $292.0M | $1.1B |
自由现金流率ETNRCL
| Q4 25 | 22.3% | 2.7% | ||
| Q3 25 | 16.8% | -19.2% | ||
| Q2 25 | 10.2% | 20.1% | ||
| Q1 25 | 1.4% | 30.0% | ||
| Q4 24 | 21.5% | 24.3% | ||
| Q3 24 | 17.7% | 11.5% | ||
| Q2 24 | 12.0% | -13.8% | ||
| Q1 24 | 4.9% | 29.1% |
资本支出强度ETNRCL
| Q4 25 | 5.6% | 35.4% | ||
| Q3 25 | 2.5% | 47.8% | ||
| Q2 25 | 2.9% | 18.4% | ||
| Q1 25 | 2.3% | 10.7% | ||
| Q4 24 | 4.1% | 14.7% | ||
| Q3 24 | 2.9% | 6.8% | ||
| Q2 24 | 2.9% | 52.1% | ||
| Q1 24 | 3.1% | 6.5% |
现金转化率ETNRCL
| Q4 25 | 1.74× | 2.16× | ||
| Q3 25 | 1.34× | 0.93× | ||
| Q2 25 | 0.93× | 1.44× | ||
| Q1 25 | 0.25× | 2.23× | ||
| Q4 24 | 1.64× | 2.66× | ||
| Q3 24 | 1.30× | 0.81× | ||
| Q2 24 | 0.95× | 1.84× | ||
| Q1 24 | 0.58× | 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
ETN
| Other | $1.8B | 26% |
| Electrical Global Segment | $1.7B | 24% |
| Aerospace Segment | $1.1B | 16% |
| Vehicle Segment | $586.0M | 8% |
| Original Equipment Manufacturers | $438.0M | 6% |
| Aftermarket Distribution And End User | $403.0M | 6% |
| Commercial | $341.0M | 5% |
| Industrialand Other | $269.0M | 4% |
| Passenger And Light Duty | $244.0M | 3% |
| E Mobility Segment | $124.0M | 2% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
