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FISERV INC（FISV）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
FISERV INC的季度营收约是皇家加勒比集团的1.2倍（$5.3B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 15.3%，领先2.3%），皇家加勒比集团同比增速更快（13.3% vs 0.6%），FISERV INC自由现金流更多（$1.5B vs $116.0M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 4.0%）
Fiserv是总部位于美国威斯康星州密尔沃基的跨国金融科技企业，面向银行机构提供借记卡、信用卡交易处理、忠诚度计划管理、贷款服务、电子账单支付、电汇及ACH转账、支票存款、ATM交易处理等解决方案，同时生产借记卡、信用卡及POS终端设备。
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。
FISV vs RCL — 直观对比
营收规模更大
FISV
是对方的1.2倍
$4.3B
营收增速更快
RCL
高出12.6%
0.6%
净利率更高
RCL
高出2.3%
15.3%
自由现金流更多
FISV
多$1.4B
$116.0M
两年增速更快
RCL
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.3B | $4.3B |
| 净利润 | $811.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 24.4% | 21.9% |
| 净利率 | 15.3% | 17.7% |
| 营收同比 | 0.6% | 13.3% |
| 净利润同比 | -13.5% | 36.4% |
| 每股收益（稀释后） | $1.51 | $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FISVRCL
| Q4 25 | $5.3B | $4.3B | ||
| Q3 25 | $5.3B | $5.1B | ||
| Q2 25 | $5.5B | $4.5B | ||
| Q1 25 | $5.1B | $4.0B | ||
| Q4 24 | $5.3B | $3.8B | ||
| Q3 24 | $5.2B | $4.9B | ||
| Q2 24 | $5.1B | $4.1B | ||
| Q1 24 | $4.9B | $3.7B |
净利润FISVRCL
| Q4 25 | $811.0M | $753.0M | ||
| Q3 25 | $792.0M | $1.6B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $851.0M | $730.0M | ||
| Q4 24 | $938.0M | $552.0M | ||
| Q3 24 | $564.0M | $1.1B | ||
| Q2 24 | $894.0M | $854.0M | ||
| Q1 24 | $735.0M | $360.0M |
毛利率FISVRCL
| 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FISVRCL
| Q4 25 | 24.4% | 21.9% | ||
| Q3 25 | 27.3% | 33.1% | ||
| Q2 25 | 30.7% | 29.3% | ||
| Q1 25 | 27.2% | 23.6% | ||
| Q4 24 | 31.8% | 16.6% | ||
| Q3 24 | 30.7% | 33.4% | ||
| Q2 24 | 28.0% | 26.7% | ||
| Q1 24 | 24.2% | 20.1% |
净利率FISVRCL
| Q4 25 | 15.3% | 17.7% | ||
| Q3 25 | 15.0% | 30.6% | ||
| Q2 25 | 18.6% | 26.7% | ||
| Q1 25 | 16.6% | 18.3% | ||
| Q4 24 | 17.9% | 14.7% | ||
| Q3 24 | 10.8% | 22.7% | ||
| Q2 24 | 17.5% | 20.8% | ||
| Q1 24 | 15.1% | 9.7% |
每股收益（稀释后）FISVRCL
| Q4 25 | $1.51 | $2.76 | ||
| Q3 25 | $1.46 | $5.74 | ||
| Q2 25 | $1.86 | $4.41 | ||
| Q1 25 | $1.51 | $2.70 | ||
| Q4 24 | $1.63 | $2.27 | ||
| Q3 24 | $0.98 | $4.21 | ||
| Q2 24 | $1.53 | $3.11 | ||
| Q1 24 | $1.24 | $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 | $798.0M | $825.0M |
| 总债务越低越好 | $27.8B | $18.2B |
| 股东权益账面价值 | $25.8B | $10.0B |
| 总资产 | $80.1B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.08× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资FISVRCL
| Q4 25 | $798.0M | $825.0M | ||
| Q3 25 | $1.1B | $432.0M | ||
| Q2 25 | $999.0M | $735.0M | ||
| Q1 25 | $1.2B | $386.0M | ||
| Q4 24 | $1.2B | $388.0M | ||
| Q3 24 | $1.2B | $418.0M | ||
| Q2 24 | $1.2B | $391.0M | ||
| Q1 24 | $1.2B | $437.0M |
总债务FISVRCL
| Q4 25 | $27.8B | $18.2B | ||
| Q3 25 | $28.9B | $17.2B | ||
| Q2 25 | $28.1B | $17.6B | ||
| Q1 25 | $27.0B | $18.0B | ||
| Q4 24 | $23.7B | $18.5B | ||
| Q3 24 | $24.1B | $19.0B | ||
| Q2 24 | $24.4B | $19.8B | ||
| Q1 24 | $23.8B | $18.9B |
股东权益FISVRCL
| Q4 25 | $25.8B | $10.0B | ||
| Q3 25 | $25.1B | $10.1B | ||
| Q2 25 | $25.2B | $9.2B | ||
| Q1 25 | $25.9B | $8.0B | ||
| Q4 24 | $27.1B | $7.6B | ||
| Q3 24 | $27.8B | $7.0B | ||
| Q2 24 | $28.2B | $6.0B | ||
| Q1 24 | $28.8B | $5.2B |
总资产FISVRCL
| Q4 25 | $80.1B | $41.6B | ||
| Q3 25 | $79.4B | $40.1B | ||
| Q2 25 | $81.5B | $38.5B | ||
| Q1 25 | $80.4B | $37.5B | ||
| Q4 24 | $77.2B | $37.1B | ||
| Q3 24 | $79.8B | $37.1B | ||
| Q2 24 | $93.4B | $37.0B | ||
| Q1 24 | $92.7B | $35.2B |
负债/权益比FISVRCL
| Q4 25 | 1.08× | 1.81× | ||
| Q3 25 | 1.15× | 1.70× | ||
| Q2 25 | 1.11× | 1.92× | ||
| Q1 25 | 1.04× | 2.26× | ||
| Q4 24 | 0.88× | 2.44× | ||
| Q3 24 | 0.87× | 2.69× | ||
| Q2 24 | 0.87× | 3.29× | ||
| Q1 24 | 0.82× | 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 | $1.9B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $1.5B | $116.0M |
| 自由现金流率自由现金流/营收 | 28.4% | 2.7% |
| 资本支出强度资本支出/营收 | 8.4% | 35.4% |
| 现金转化率经营现金流/净利润 | 2.40× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $4.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流FISVRCL
| Q4 25 | $1.9B | $1.6B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $648.0M | $1.6B | ||
| Q4 24 | $2.2B | $1.5B | ||
| Q3 24 | $2.2B | $897.0M | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $831.0M | $1.3B |
自由现金流FISVRCL
| Q4 25 | $1.5B | $116.0M | ||
| Q3 25 | $1.3B | $-989.0M | ||
| Q2 25 | $1.2B | $910.0M | ||
| Q1 25 | $313.0M | $1.2B | ||
| Q4 24 | $1.8B | $915.0M | ||
| Q3 24 | $1.8B | $563.0M | ||
| Q2 24 | $993.0M | $-567.0M | ||
| Q1 24 | $411.0M | $1.1B |
自由现金流率FISVRCL
| Q4 25 | 28.4% | 2.7% | ||
| Q3 25 | 24.7% | -19.2% | ||
| Q2 25 | 21.5% | 20.1% | ||
| Q1 25 | 6.1% | 30.0% | ||
| Q4 24 | 34.7% | 24.3% | ||
| Q3 24 | 35.2% | 11.5% | ||
| Q2 24 | 19.4% | -13.8% | ||
| Q1 24 | 8.4% | 29.1% |
资本支出强度FISVRCL
| Q4 25 | 8.4% | 35.4% | ||
| Q3 25 | 9.6% | 47.8% | ||
| Q2 25 | 8.7% | 18.4% | ||
| Q1 25 | 6.5% | 10.7% | ||
| Q4 24 | 7.6% | 14.7% | ||
| Q3 24 | 7.7% | 6.8% | ||
| Q2 24 | 6.8% | 52.1% | ||
| Q1 24 | 8.6% | 6.5% |
现金转化率FISVRCL
| Q4 25 | 2.40× | 2.16× | ||
| Q3 25 | 2.28× | 0.93× | ||
| Q2 25 | 1.62× | 1.44× | ||
| Q1 25 | 0.76× | 2.23× | ||
| Q4 24 | 2.37× | 2.66× | ||
| Q3 24 | 3.97× | 0.81× | ||
| Q2 24 | 1.50× | 1.84× | ||
| Q1 24 | 1.13× | 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
FISV
| Small Business | $1.7B | 32% |
| Products | $1.0B | 19% |
| Digital Payments | $960.0M | 18% |
| Issuing | $792.0M | 15% |
| Enterprise | $587.0M | 11% |
| Processing | $265.0M | 5% |
| Affiliated Entity | $18.0M | 0% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
