vs
FLOWERS FOODS INC（FLO）与诺唯真游轮控股（NCLH）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是FLOWERS FOODS INC的1.8倍（$2.2B vs $1.2B），诺唯真游轮控股同比增速更快（6.4% vs -75.8%），过去两年诺唯真游轮控股的营收复合增速更高（1.2% vs -11.6%）
花氏食品总部位于美国佐治亚州托马斯维尔，是美国知名的包装烘焙食品生产商与销售商。公司在全美19个州运营44家面包工厂，生产面包、餐包、小食蛋糕、点心、玉米饼等多元化产品，截至2013年2月已成长为美国第二大烘焙企业。
诺唯真游轮（NCL）1966年创立于挪威，为美国知名游轮运营商，总部设于佛罗里达州迈阿密-戴德县，注册地为巴哈马，由诺唯真游轮控股全资持有。按载客量计算，该品牌为全球第四大游轮公司，2021年占全球游轮市场载客量份额约8.6%。
FLO vs NCLH — 直观对比
营收规模更大
NCLH
是对方的1.8倍
$1.2B
营收增速更快
NCLH
高出82.2%
-75.8%
两年增速更快
NCLH
近两年复合增速
-11.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | — | $14.3M |
| 毛利率 | — | 41.0% |
| 营业利润率 | — | 8.3% |
| 净利率 | — | 0.6% |
| 营收同比 | -75.8% | 6.4% |
| 净利润同比 | — | -94.4% |
| 每股收益（稀释后） | — | $0.08 |
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FLONCLH
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.2B | $2.9B | ||
| Q2 25 | $1.6B | $2.5B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $1.6B | $2.4B | ||
| Q1 24 | — | $2.2B |
净利润FLONCLH
| Q4 25 | $39.5M | $14.3M | ||
| Q3 25 | $58.4M | $419.3M | ||
| Q2 25 | $53.0M | $30.0M | ||
| Q1 25 | — | $-40.3M | ||
| Q4 24 | $65.0M | $254.5M | ||
| Q3 24 | $67.0M | $474.9M | ||
| Q2 24 | $73.0M | $163.4M | ||
| Q1 24 | — | $17.4M |
毛利率FLONCLH
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 38.7% | ||
| Q1 24 | — | 36.7% |
营业利润率FLONCLH
| Q4 25 | 5.4% | 8.3% | ||
| Q3 25 | 7.5% | 25.5% | ||
| Q2 25 | 5.5% | 16.8% | ||
| Q1 25 | — | 9.4% | ||
| Q4 24 | 7.6% | 10.2% | ||
| Q3 24 | 7.8% | 24.6% | ||
| Q2 24 | 6.4% | 14.4% | ||
| Q1 24 | — | 10.0% |
净利率FLONCLH
| Q4 25 | 3.2% | 0.6% | ||
| Q3 25 | 4.7% | 14.3% | ||
| Q2 25 | 3.4% | 1.2% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | 5.5% | 12.1% | ||
| Q3 24 | 5.5% | 16.9% | ||
| Q2 24 | 4.6% | 6.9% | ||
| Q1 24 | — | 0.8% |
每股收益（稀释后）FLONCLH
| Q4 25 | $0.19 | $0.08 | ||
| Q3 25 | $0.28 | $0.86 | ||
| Q2 25 | $0.25 | $0.07 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | $0.31 | $0.55 | ||
| Q3 24 | $0.32 | $0.95 | ||
| Q2 24 | $0.34 | $0.35 | ||
| Q1 24 | — | $0.04 |
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 | $12.1M | $209.9M |
| 总债务越低越好 | — | $13.7B |
| 股东权益账面价值 | — | $2.2B |
| 总资产 | $4.2B | $22.5B |
| 负债/权益比越低杠杆越低 | — | 6.21× |
8季度趋势，按日历期对齐
现金及短期投资FLONCLH
| Q4 25 | $16.7M | $209.9M | ||
| Q3 25 | $11.0M | $166.8M | ||
| Q2 25 | $7.3M | $184.0M | ||
| Q1 25 | — | $184.4M | ||
| Q4 24 | $15.0M | $190.8M | ||
| Q3 24 | $6.9M | $332.5M | ||
| Q2 24 | $15.8M | $594.1M | ||
| Q1 24 | — | $559.8M |
总债务FLONCLH
| Q4 25 | $1.8B | $13.7B | ||
| Q3 25 | $1.7B | $13.6B | ||
| Q2 25 | $1.8B | $12.6B | ||
| Q1 25 | — | $12.9B | ||
| Q4 24 | $1.1B | $11.8B | ||
| Q3 24 | $1.1B | $11.8B | ||
| Q2 24 | $1.0B | $11.9B | ||
| Q1 24 | — | $12.0B |
股东权益FLONCLH
| Q4 25 | $1.4B | $2.2B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $693.1M | ||
| Q1 24 | — | $362.1M |
总资产FLONCLH
| Q4 25 | $4.3B | $22.5B | ||
| Q3 25 | $4.3B | $22.2B | ||
| Q2 25 | $4.3B | $21.6B | ||
| Q1 25 | — | $21.4B | ||
| Q4 24 | $3.4B | $20.0B | ||
| Q3 24 | $3.4B | $19.8B | ||
| Q2 24 | $3.4B | $20.1B | ||
| Q1 24 | — | $19.8B |
负债/权益比FLONCLH
| Q4 25 | 1.25× | 6.21× | ||
| Q3 25 | 1.23× | 6.22× | ||
| Q2 25 | 1.26× | 8.05× | ||
| Q1 25 | — | 9.09× | ||
| Q4 24 | 0.75× | 8.26× | ||
| Q3 24 | 0.77× | 10.35× | ||
| Q2 24 | 0.76× | 17.19× | ||
| Q1 24 | — | 33.16× |
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 | $125.4M | $459.1M |
| 自由现金流经营现金流 - 资本支出 | — | $21.5M |
| 自由现金流率自由现金流/营收 | — | 1.0% |
| 资本支出强度资本支出/营收 | — | 19.5% |
| 现金转化率经营现金流/净利润 | — | 32.21× |
| 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FLONCLH
| Q4 25 | $54.4M | $459.1M | ||
| Q3 25 | $130.8M | $236.6M | ||
| Q2 25 | $135.6M | $714.9M | ||
| Q1 25 | — | $679.2M | ||
| Q4 24 | $113.9M | $399.3M | ||
| Q3 24 | $63.3M | $172.5M | ||
| Q2 24 | $105.1M | $670.9M | ||
| Q1 24 | — | $807.2M |
自由现金流FLONCLH
| Q4 25 | $30.4M | $21.5M | ||
| Q3 25 | $100.0M | $-726.5M | ||
| Q2 25 | $110.1M | $381.2M | ||
| Q1 25 | — | $-846.0M | ||
| Q4 24 | $88.6M | $155.8M | ||
| Q3 24 | $35.4M | $-195.5M | ||
| Q2 24 | $71.8M | $330.2M | ||
| Q1 24 | — | $548.3M |
自由现金流率FLONCLH
| Q4 25 | 2.5% | 1.0% | ||
| Q3 25 | 8.0% | -24.7% | ||
| Q2 25 | 7.1% | 15.1% | ||
| Q1 25 | — | -39.8% | ||
| Q4 24 | 7.4% | 7.4% | ||
| Q3 24 | 2.9% | -7.0% | ||
| Q2 24 | 4.6% | 13.9% | ||
| Q1 24 | — | 25.0% |
资本支出强度FLONCLH
| Q4 25 | 2.0% | 19.5% | ||
| Q3 25 | 2.5% | 32.8% | ||
| Q2 25 | 1.6% | 13.3% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | 2.1% | 11.5% | ||
| Q3 24 | 2.3% | 13.1% | ||
| Q2 24 | 2.1% | 14.4% | ||
| Q1 24 | — | 11.8% |
现金转化率FLONCLH
| Q4 25 | 1.38× | 32.21× | ||
| Q3 25 | 2.24× | 0.56× | ||
| Q2 25 | 2.56× | 23.83× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.75× | 1.57× | ||
| Q3 24 | 0.94× | 0.36× | ||
| Q2 24 | 1.44× | 4.10× | ||
| Q1 24 | — | 46.51× |
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
FLO
暂无分部数据
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
