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Expeditors International（EXPD）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Expeditors International的1.5倍（$4.3B vs $2.9B），皇家加勒比集团净利率更高（17.7% vs 7.0%，领先10.7%），皇家加勒比集团同比增速更快（13.3% vs -3.3%），Expeditors International自由现金流更多（$270.3M vs $116.0M），过去两年Expeditors International的营收复合增速更高（13.8% vs 6.9%）
美国财富500强物流服务企业，总部位于华盛顿州贝尔维尤，依托覆盖六大洲100余个国家超340个网点的全球网络及统一集成的技术系统，为客户提供高度优化的定制化供应链解决方案。
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。
EXPD vs RCL — 直观对比
营收规模更大
RCL
是对方的1.5倍
$2.9B
营收增速更快
RCL
高出16.6%
-3.3%
净利率更高
RCL
高出10.7%
7.0%
自由现金流更多
EXPD
多$154.3M
$116.0M
两年增速更快
EXPD
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.3B |
| 净利润 | $200.7M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 8.8% | 21.9% |
| 净利率 | 7.0% | 17.7% |
| 营收同比 | -3.3% | 13.3% |
| 净利润同比 | -14.9% | 36.4% |
| 每股收益（稀释后） | $1.50 | $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EXPDRCL
| Q4 25 | $2.9B | $4.3B | ||
| Q3 25 | $2.9B | $5.1B | ||
| Q2 25 | $2.7B | $4.5B | ||
| Q1 25 | $2.7B | $4.0B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.0B | $4.9B | ||
| Q2 24 | $2.4B | $4.1B | ||
| Q1 24 | $2.2B | $3.7B |
净利润EXPDRCL
| Q4 25 | $200.7M | $753.0M | ||
| Q3 25 | $222.3M | $1.6B | ||
| Q2 25 | $183.6M | $1.2B | ||
| Q1 25 | $203.8M | $730.0M | ||
| Q4 24 | $235.9M | $552.0M | ||
| Q3 24 | $229.6M | $1.1B | ||
| Q2 24 | $175.5M | $854.0M | ||
| Q1 24 | $169.2M | $360.0M |
毛利率EXPDRCL
| 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EXPDRCL
| Q4 25 | 8.8% | 21.9% | ||
| Q3 25 | 10.0% | 33.1% | ||
| Q2 25 | 9.3% | 29.3% | ||
| Q1 25 | 10.0% | 23.6% | ||
| Q4 24 | 10.2% | 16.6% | ||
| Q3 24 | 10.1% | 33.4% | ||
| Q2 24 | 9.2% | 26.7% | ||
| Q1 24 | 9.7% | 20.1% |
净利率EXPDRCL
| Q4 25 | 7.0% | 17.7% | ||
| Q3 25 | 7.7% | 30.6% | ||
| Q2 25 | 6.9% | 26.7% | ||
| Q1 25 | 7.6% | 18.3% | ||
| Q4 24 | 8.0% | 14.7% | ||
| Q3 24 | 7.7% | 22.7% | ||
| Q2 24 | 7.2% | 20.8% | ||
| Q1 24 | 7.7% | 9.7% |
每股收益（稀释后）EXPDRCL
| Q4 25 | $1.50 | $2.76 | ||
| Q3 25 | $1.64 | $5.74 | ||
| Q2 25 | $1.34 | $4.41 | ||
| Q1 25 | $1.47 | $2.70 | ||
| Q4 24 | $1.68 | $2.27 | ||
| Q3 24 | $1.63 | $4.21 | ||
| Q2 24 | $1.24 | $3.11 | ||
| Q1 24 | $1.17 | $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 | $1.3B | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | $2.4B | $10.0B |
| 总资产 | $4.9B | $41.6B |
| 负债/权益比越低杠杆越低 | — | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资EXPDRCL
| Q4 25 | $1.3B | $825.0M | ||
| Q3 25 | $1.2B | $432.0M | ||
| Q2 25 | $1.2B | $735.0M | ||
| Q1 25 | $1.3B | $386.0M | ||
| Q4 24 | $1.1B | $388.0M | ||
| Q3 24 | $1.3B | $418.0M | ||
| Q2 24 | $1.3B | $391.0M | ||
| Q1 24 | $1.4B | $437.0M |
总债务EXPDRCL
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B | ||
| Q1 24 | — | $18.9B |
股东权益EXPDRCL
| Q4 25 | $2.4B | $10.0B | ||
| Q3 25 | $2.3B | $10.1B | ||
| Q2 25 | $2.2B | $9.2B | ||
| Q1 25 | $2.3B | $8.0B | ||
| Q4 24 | $2.2B | $7.6B | ||
| Q3 24 | $2.4B | $7.0B | ||
| Q2 24 | $2.2B | $6.0B | ||
| Q1 24 | $2.2B | $5.2B |
总资产EXPDRCL
| Q4 25 | $4.9B | $41.6B | ||
| Q3 25 | $4.8B | $40.1B | ||
| Q2 25 | $4.8B | $38.5B | ||
| Q1 25 | $4.8B | $37.5B | ||
| Q4 24 | $4.8B | $37.1B | ||
| Q3 24 | $5.2B | $37.1B | ||
| Q2 24 | $4.8B | $37.0B | ||
| Q1 24 | $4.5B | $35.2B |
负债/权益比EXPDRCL
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× | ||
| Q1 24 | — | 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 | $283.3M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $270.3M | $116.0M |
| 自由现金流率自由现金流/营收 | 9.5% | 2.7% |
| 资本支出强度资本支出/营收 | 0.5% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.41× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $953.4M | $1.2B |
8季度趋势，按日历期对齐
经营现金流EXPDRCL
| Q4 25 | $283.3M | $1.6B | ||
| Q3 25 | $201.4M | $1.5B | ||
| Q2 25 | $179.2M | $1.7B | ||
| Q1 25 | $342.6M | $1.6B | ||
| Q4 24 | $249.7M | $1.5B | ||
| Q3 24 | $90.0M | $897.0M | ||
| Q2 24 | $126.8M | $1.6B | ||
| Q1 24 | $256.9M | $1.3B |
自由现金流EXPDRCL
| Q4 25 | $270.3M | $116.0M | ||
| Q3 25 | $190.3M | $-989.0M | ||
| Q2 25 | $163.3M | $910.0M | ||
| Q1 25 | $329.5M | $1.2B | ||
| Q4 24 | $239.7M | $915.0M | ||
| Q3 24 | $77.7M | $563.0M | ||
| Q2 24 | $118.8M | $-567.0M | ||
| Q1 24 | $246.7M | $1.1B |
自由现金流率EXPDRCL
| Q4 25 | 9.5% | 2.7% | ||
| Q3 25 | 6.6% | -19.2% | ||
| Q2 25 | 6.2% | 20.1% | ||
| Q1 25 | 12.4% | 30.0% | ||
| Q4 24 | 8.1% | 24.3% | ||
| Q3 24 | 2.6% | 11.5% | ||
| Q2 24 | 4.9% | -13.8% | ||
| Q1 24 | 11.2% | 29.1% |
资本支出强度EXPDRCL
| Q4 25 | 0.5% | 35.4% | ||
| Q3 25 | 0.4% | 47.8% | ||
| Q2 25 | 0.6% | 18.4% | ||
| Q1 25 | 0.5% | 10.7% | ||
| Q4 24 | 0.3% | 14.7% | ||
| Q3 24 | 0.4% | 6.8% | ||
| Q2 24 | 0.3% | 52.1% | ||
| Q1 24 | 0.5% | 6.5% |
现金转化率EXPDRCL
| Q4 25 | 1.41× | 2.16× | ||
| Q3 25 | 0.91× | 0.93× | ||
| Q2 25 | 0.98× | 1.44× | ||
| Q1 25 | 1.68× | 2.23× | ||
| Q4 24 | 1.06× | 2.66× | ||
| Q3 24 | 0.39× | 0.81× | ||
| Q2 24 | 0.72× | 1.84× | ||
| Q1 24 | 1.52× | 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
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
