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亿客行集团（EXPE）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亿客行集团的1.2倍（$4.3B vs $3.5B），皇家加勒比集团净利率更高（17.7% vs 5.8%，领先11.9%），亿客行集团同比增速更快（18.7% vs 13.3%），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs -0.2%）
亿客行集团是总部位于美国西雅图的在线旅游服务商，旗下旅行预订平台Expedia于1996年由微软推出。用户可通过其官方网站及移动应用预订机票、酒店、租车、邮轮、特色活动及度假短租等产品，为全球消费者提供便捷的一站式旅行服务解决方案。
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。
EXPE vs RCL — 直观对比
营收规模更大
RCL
是对方的1.2倍
$3.5B
营收增速更快
EXPE
高出5.4%
13.3%
净利率更高
RCL
高出11.9%
5.8%
两年增速更快
RCL
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.3B |
| 净利润 | $205.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 11.8% | 21.9% |
| 净利率 | 5.8% | 17.7% |
| 营收同比 | 18.7% | 13.3% |
| 净利润同比 | 202.5% | 36.4% |
| 每股收益（稀释后） | $1.56 | $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EXPERCL
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $4.3B | ||
| Q3 25 | $4.4B | $5.1B | ||
| Q2 25 | $3.8B | $4.5B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $3.2B | $3.8B | ||
| Q3 24 | $4.1B | $4.9B | ||
| Q2 24 | $3.6B | $4.1B |
净利润EXPERCL
| Q1 26 | $205.0M | — | ||
| Q4 25 | $205.0M | $753.0M | ||
| Q3 25 | $959.0M | $1.6B | ||
| Q2 25 | $330.0M | $1.2B | ||
| Q1 25 | $-200.0M | $730.0M | ||
| Q4 24 | $299.0M | $552.0M | ||
| Q3 24 | $684.0M | $1.1B | ||
| Q2 24 | $386.0M | $854.0M |
毛利率EXPERCL
| Q1 26 | — | — | ||
| 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% |
营业利润率EXPERCL
| Q1 26 | 11.8% | — | ||
| Q4 25 | 11.8% | 21.9% | ||
| Q3 25 | 23.5% | 33.1% | ||
| Q2 25 | 12.8% | 29.3% | ||
| Q1 25 | -2.3% | 23.6% | ||
| Q4 24 | 6.8% | 16.6% | ||
| Q3 24 | 18.8% | 33.4% | ||
| Q2 24 | 12.7% | 26.7% |
净利率EXPERCL
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.8% | 17.7% | ||
| Q3 25 | 21.7% | 30.6% | ||
| Q2 25 | 8.7% | 26.7% | ||
| Q1 25 | -6.7% | 18.3% | ||
| Q4 24 | 9.4% | 14.7% | ||
| Q3 24 | 16.8% | 22.7% | ||
| Q2 24 | 10.8% | 20.8% |
每股收益（稀释后）EXPERCL
| Q1 26 | $1.56 | — | ||
| Q4 25 | $1.56 | $2.76 | ||
| Q3 25 | $7.33 | $5.74 | ||
| Q2 25 | $2.48 | $4.41 | ||
| Q1 25 | $-1.56 | $2.70 | ||
| Q4 24 | $2.10 | $2.27 | ||
| Q3 24 | $5.04 | $4.21 | ||
| Q2 24 | $2.80 | $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 | $5.7B | $825.0M |
| 总债务越低越好 | $6.2B | $18.2B |
| 股东权益账面价值 | $1.3B | $10.0B |
| 总资产 | $24.5B | $41.6B |
| 负债/权益比越低杠杆越低 | 4.80× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资EXPERCL
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.7B | $825.0M | ||
| Q3 25 | $6.2B | $432.0M | ||
| Q2 25 | $6.7B | $735.0M | ||
| Q1 25 | $6.1B | $386.0M | ||
| Q4 24 | $4.5B | $388.0M | ||
| Q3 24 | $4.9B | $418.0M | ||
| Q2 24 | $6.3B | $391.0M |
总债务EXPERCL
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.2B | $18.2B | ||
| Q3 25 | $6.2B | $17.2B | ||
| Q2 25 | $6.2B | $17.6B | ||
| Q1 25 | $6.2B | $18.0B | ||
| Q4 24 | $6.3B | $18.5B | ||
| Q3 24 | $6.3B | $19.0B | ||
| Q2 24 | $6.3B | $19.8B |
股东权益EXPERCL
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $10.0B | ||
| Q3 25 | $1.3B | $10.1B | ||
| Q2 25 | $836.0M | $9.2B | ||
| Q1 25 | $1.1B | $8.0B | ||
| Q4 24 | $1.6B | $7.6B | ||
| Q3 24 | $1.3B | $7.0B | ||
| Q2 24 | $889.0M | $6.0B |
总资产EXPERCL
| Q1 26 | $24.5B | — | ||
| Q4 25 | $24.5B | $41.6B | ||
| Q3 25 | $25.1B | $40.1B | ||
| Q2 25 | $27.0B | $38.5B | ||
| Q1 25 | $26.1B | $37.5B | ||
| Q4 24 | $22.4B | $37.1B | ||
| Q3 24 | $23.4B | $37.1B | ||
| Q2 24 | $25.9B | $37.0B |
负债/权益比EXPERCL
| Q1 26 | 4.80× | — | ||
| Q4 25 | 4.80× | 1.81× | ||
| Q3 25 | 4.65× | 1.70× | ||
| Q2 25 | 7.43× | 1.92× | ||
| Q1 25 | 5.79× | 2.26× | ||
| Q4 24 | 4.02× | 2.44× | ||
| Q3 24 | 4.74× | 2.69× | ||
| Q2 24 | 7.04× | 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 | — | $1.6B |
| 自由现金流经营现金流 - 资本支出 | — | $116.0M |
| 自由现金流率自由现金流/营收 | — | 2.7% |
| 资本支出强度资本支出/营收 | — | 35.4% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 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EXPERCL
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | $1.6B | ||
| Q3 25 | $-497.0M | $1.5B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $3.0B | $1.6B | ||
| Q4 24 | $198.0M | $1.5B | ||
| Q3 24 | $-1.5B | $897.0M | ||
| Q2 24 | $1.5B | $1.6B |
自由现金流EXPERCL
| Q1 26 | — | — | ||
| Q4 25 | $119.0M | $116.0M | ||
| Q3 25 | $-686.0M | $-989.0M | ||
| Q2 25 | $921.0M | $910.0M | ||
| Q1 25 | $2.8B | $1.2B | ||
| Q4 24 | $7.0M | $915.0M | ||
| Q3 24 | $-1.7B | $563.0M | ||
| Q2 24 | $1.3B | $-567.0M |
自由现金流率EXPERCL
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 2.7% | ||
| Q3 25 | -15.5% | -19.2% | ||
| Q2 25 | 24.3% | 20.1% | ||
| Q1 25 | 92.2% | 30.0% | ||
| Q4 24 | 0.2% | 24.3% | ||
| Q3 24 | -41.6% | 11.5% | ||
| Q2 24 | 36.7% | -13.8% |
资本支出强度EXPERCL
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 35.4% | ||
| Q3 25 | 4.3% | 47.8% | ||
| Q2 25 | 5.3% | 18.4% | ||
| Q1 25 | 6.6% | 10.7% | ||
| Q4 24 | 6.0% | 14.7% | ||
| Q3 24 | 4.8% | 6.8% | ||
| Q2 24 | 5.5% | 52.1% |
现金转化率EXPERCL
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 2.16× | ||
| Q3 25 | -0.52× | 0.93× | ||
| Q2 25 | 3.40× | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | 0.66× | 2.66× | ||
| Q3 24 | -2.18× | 0.81× | ||
| Q2 24 | 3.89× | 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
EXPE
暂无分部数据
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
