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Entergy（ETR）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Entergy的1.4倍（$4.3B vs $3.0B），皇家加勒比集团净利率更高（17.7% vs 8.1%，领先9.6%），皇家加勒比集团同比增速更快（13.3% vs 7.9%），皇家加勒比集团自由现金流更多（$116.0M vs $-909.7M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 2.9%）
Entergy是美国能源企业，主营电力生产及零售配送业务，服务覆盖美国南部腹地，总部设于路易斯安那州新奥尔良。公司为阿肯色、路易斯安那、密西西比、得克萨斯四州共300万用户供电，发电装机容量约24000兆瓦，年营收110亿美元，员工规模超12000人。
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。
ETR vs RCL — 直观对比
营收规模更大
RCL
是对方的1.4倍
$3.0B
营收增速更快
RCL
高出5.4%
7.9%
净利率更高
RCL
高出9.6%
8.1%
自由现金流更多
RCL
多$1.0B
$-909.7M
两年增速更快
RCL
近两年复合增速
2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $4.3B |
| 净利润 | $240.5M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 18.4% | 21.9% |
| 净利率 | 8.1% | 17.7% |
| 营收同比 | 7.9% | 13.3% |
| 净利润同比 | -16.2% | 36.4% |
| 每股收益（稀释后） | $0.51 | $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ETRRCL
| Q4 25 | $3.0B | $4.3B | ||
| Q3 25 | $3.8B | $5.1B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $2.8B | $4.0B | ||
| Q4 24 | $2.7B | $3.8B | ||
| Q3 24 | $3.4B | $4.9B | ||
| Q2 24 | $3.0B | $4.1B | ||
| Q1 24 | $2.8B | $3.7B |
净利润ETRRCL
| Q4 25 | $240.5M | $753.0M | ||
| Q3 25 | $698.4M | $1.6B | ||
| Q2 25 | $472.0M | $1.2B | ||
| Q1 25 | $362.4M | $730.0M | ||
| Q4 24 | $287.2M | $552.0M | ||
| Q3 24 | $645.8M | $1.1B | ||
| Q2 24 | $51.7M | $854.0M | ||
| Q1 24 | $76.5M | $360.0M |
毛利率ETRRCL
| 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% | ||
| Q1 24 | — | 44.8% |
营业利润率ETRRCL
| Q4 25 | 18.4% | 21.9% | ||
| Q3 25 | 29.4% | 33.1% | ||
| Q2 25 | 25.2% | 29.3% | ||
| Q1 25 | 24.6% | 23.6% | ||
| Q4 24 | 24.4% | 16.6% | ||
| Q3 24 | 33.2% | 33.4% | ||
| Q2 24 | 20.9% | 26.7% | ||
| Q1 24 | 8.5% | 20.1% |
净利率ETRRCL
| Q4 25 | 8.1% | 17.7% | ||
| Q3 25 | 18.3% | 30.6% | ||
| Q2 25 | 14.2% | 26.7% | ||
| Q1 25 | 12.7% | 18.3% | ||
| Q4 24 | 10.5% | 14.7% | ||
| Q3 24 | 19.1% | 22.7% | ||
| Q2 24 | 1.8% | 20.8% | ||
| Q1 24 | 2.7% | 9.7% |
每股收益（稀释后）ETRRCL
| Q4 25 | $0.51 | $2.76 | ||
| Q3 25 | $1.53 | $5.74 | ||
| Q2 25 | $1.05 | $4.41 | ||
| Q1 25 | $0.82 | $2.70 | ||
| Q4 24 | $0.66 | $2.27 | ||
| Q3 24 | $1.50 | $4.21 | ||
| Q2 24 | $0.11 | $3.11 | ||
| Q1 24 | $0.18 | $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 | $1.9B | $825.0M |
| 总债务越低越好 | $30.3B | $18.2B |
| 股东权益账面价值 | $16.9B | $10.0B |
| 总资产 | $71.9B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.79× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资ETRRCL
| Q4 25 | $1.9B | $825.0M | ||
| Q3 25 | $1.5B | $432.0M | ||
| Q2 25 | $1.2B | $735.0M | ||
| Q1 25 | $1.5B | $386.0M | ||
| Q4 24 | $859.7M | $388.0M | ||
| Q3 24 | $1.4B | $418.0M | ||
| Q2 24 | $1.4B | $391.0M | ||
| Q1 24 | $1.3B | $437.0M |
总债务ETRRCL
| Q4 25 | $30.3B | $18.2B | ||
| Q3 25 | $29.0B | $17.2B | ||
| Q2 25 | $29.9B | $17.6B | ||
| Q1 25 | $29.6B | $18.0B | ||
| Q4 24 | $28.0B | $18.5B | ||
| Q3 24 | $27.9B | $19.0B | ||
| Q2 24 | $27.8B | $19.8B | ||
| Q1 24 | $26.5B | $18.9B |
股东权益ETRRCL
| Q4 25 | $16.9B | $10.0B | ||
| Q3 25 | $16.7B | $10.1B | ||
| Q2 25 | $16.2B | $9.2B | ||
| Q1 25 | $15.2B | $8.0B | ||
| Q4 24 | $15.1B | $7.6B | ||
| Q3 24 | $15.0B | $7.0B | ||
| Q2 24 | $14.6B | $6.0B | ||
| Q1 24 | $14.5B | $5.2B |
总资产ETRRCL
| Q4 25 | $71.9B | $41.6B | ||
| Q3 25 | $69.8B | $40.1B | ||
| Q2 25 | $68.4B | $38.5B | ||
| Q1 25 | $66.6B | $37.5B | ||
| Q4 24 | $64.8B | $37.1B | ||
| Q3 24 | $64.5B | $37.1B | ||
| Q2 24 | $62.8B | $37.0B | ||
| Q1 24 | $61.6B | $35.2B |
负债/权益比ETRRCL
| Q4 25 | 1.79× | 1.81× | ||
| Q3 25 | 1.74× | 1.70× | ||
| Q2 25 | 1.85× | 1.92× | ||
| Q1 25 | 1.95× | 2.26× | ||
| Q4 24 | 1.86× | 2.44× | ||
| Q3 24 | 1.85× | 2.69× | ||
| Q2 24 | 1.91× | 3.29× | ||
| Q1 24 | 1.83× | 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 | $1.2B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-909.7M | $116.0M |
| 自由现金流率自由现金流/营收 | -30.7% | 2.7% |
| 资本支出强度资本支出/营收 | 71.9% | 35.4% |
| 现金转化率经营现金流/净利润 | 5.06× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $-2.5B | $1.2B |
8季度趋势，按日历期对齐
经营现金流ETRRCL
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $536.2M | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.6B | $897.0M | ||
| Q2 24 | $1.0B | $1.6B | ||
| Q1 24 | $521.1M | $1.3B |
自由现金流ETRRCL
| Q4 25 | $-909.7M | $116.0M | ||
| Q3 25 | $246.0M | $-989.0M | ||
| Q2 25 | $-746.6M | $910.0M | ||
| Q1 25 | $-1.1B | $1.2B | ||
| Q4 24 | $-193.8M | $915.0M | ||
| Q3 24 | $421.8M | $563.0M | ||
| Q2 24 | $-137.8M | $-567.0M | ||
| Q1 24 | $-440.1M | $1.1B |
自由现金流率ETRRCL
| Q4 25 | -30.7% | 2.7% | ||
| Q3 25 | 6.5% | -19.2% | ||
| Q2 25 | -22.4% | 20.1% | ||
| Q1 25 | -39.5% | 30.0% | ||
| Q4 24 | -7.1% | 24.3% | ||
| Q3 24 | 12.4% | 11.5% | ||
| Q2 24 | -4.7% | -13.8% | ||
| Q1 24 | -15.7% | 29.1% |
资本支出强度ETRRCL
| Q4 25 | 71.9% | 35.4% | ||
| Q3 25 | 49.5% | 47.8% | ||
| Q2 25 | 60.3% | 18.4% | ||
| Q1 25 | 58.3% | 10.7% | ||
| Q4 24 | 57.4% | 14.7% | ||
| Q3 24 | 33.7% | 6.8% | ||
| Q2 24 | 39.4% | 52.1% | ||
| Q1 24 | 34.4% | 6.5% |
现金转化率ETRRCL
| Q4 25 | 5.06× | 2.16× | ||
| Q3 25 | 3.06× | 0.93× | ||
| Q2 25 | 2.67× | 1.44× | ||
| Q1 25 | 1.48× | 2.23× | ||
| Q4 24 | 4.80× | 2.66× | ||
| Q3 24 | 2.42× | 0.81× | ||
| Q2 24 | 19.82× | 1.84× | ||
| Q1 24 | 6.81× | 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
ETR
| Electricity Us Regulated | $2.9B | 100% |
| Other | $13.7M | 0% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
