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福克斯集团（FOXA）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
福克斯集团的季度营收约是皇家加勒比集团的1.2倍（$5.2B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 4.8%，领先12.9%），皇家加勒比集团同比增速更快（13.3% vs 2.0%），皇家加勒比集团自由现金流更多（$116.0M vs $-791.0M），过去两年福克斯集团的营收复合增速更高（22.6% vs 6.9%）
福克斯集团是美国跨国大众传媒企业，总部位于纽约曼哈顿中城美洲大道1211号，在加州伯班克也设有办公点。公司以威廉·福克斯命名，在特拉华州注册，2019年3月19日从21世纪福克斯分拆而来，承接后者的电视广播、新闻及体育业务，由拉克兰·默多克通过家族信托持有36%投票权实现控股。
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。
FOXA vs RCL — 直观对比
营收规模更大
FOXA
是对方的1.2倍
$4.3B
营收增速更快
RCL
高出11.2%
2.0%
净利率更高
RCL
高出12.9%
4.8%
自由现金流更多
RCL
多$907.0M
$-791.0M
两年增速更快
FOXA
近两年复合增速
6.9%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $4.3B |
| 净利润 | $247.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 6.2% | 21.9% |
| 净利率 | 4.8% | 17.7% |
| 营收同比 | 2.0% | 13.3% |
| 净利润同比 | -36.3% | 36.4% |
| 每股收益（稀释后） | $0.52 | $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FOXARCL
| Q4 25 | $5.2B | $4.3B | ||
| Q3 25 | $3.7B | $5.1B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $4.4B | $4.0B | ||
| Q4 24 | $5.1B | $3.8B | ||
| Q3 24 | $3.6B | $4.9B | ||
| Q2 24 | $3.1B | $4.1B | ||
| Q1 24 | $3.4B | $3.7B |
净利润FOXARCL
| Q4 25 | $247.0M | $753.0M | ||
| Q3 25 | $609.0M | $1.6B | ||
| Q2 25 | $719.0M | $1.2B | ||
| Q1 25 | $354.0M | $730.0M | ||
| Q4 24 | $388.0M | $552.0M | ||
| Q3 24 | $832.0M | $1.1B | ||
| Q2 24 | $320.0M | $854.0M | ||
| Q1 24 | $704.0M | $360.0M |
毛利率FOXARCL
| 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FOXARCL
| Q4 25 | 6.2% | 21.9% | ||
| Q3 25 | 21.4% | 33.1% | ||
| Q2 25 | 29.2% | 29.3% | ||
| Q1 25 | 10.8% | 23.6% | ||
| Q4 24 | 10.1% | 16.6% | ||
| Q3 24 | 31.2% | 33.4% | ||
| Q2 24 | 14.6% | 26.7% | ||
| Q1 24 | 27.9% | 20.1% |
净利率FOXARCL
| Q4 25 | 4.8% | 17.7% | ||
| Q3 25 | 16.3% | 30.6% | ||
| Q2 25 | 21.9% | 26.7% | ||
| Q1 25 | 8.1% | 18.3% | ||
| Q4 24 | 7.6% | 14.7% | ||
| Q3 24 | 23.3% | 22.7% | ||
| Q2 24 | 10.3% | 20.8% | ||
| Q1 24 | 20.4% | 9.7% |
每股收益（稀释后）FOXARCL
| Q4 25 | $0.52 | $2.76 | ||
| Q3 25 | $1.32 | $5.74 | ||
| Q2 25 | $1.57 | $4.41 | ||
| Q1 25 | $0.75 | $2.70 | ||
| Q4 24 | $0.81 | $2.27 | ||
| Q3 24 | $1.78 | $4.21 | ||
| Q2 24 | $0.68 | $3.11 | ||
| Q1 24 | $1.40 | $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 | — | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | $10.9B | $10.0B |
| 总资产 | $21.5B | $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FOXARCL
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M | ||
| Q1 24 | — | $437.0M |
总债务FOXARCL
| Q4 25 | — | $18.2B | ||
| Q3 25 | $6.6B | $17.2B | ||
| Q2 25 | $6.6B | $17.6B | ||
| Q1 25 | $7.2B | $18.0B | ||
| Q4 24 | $7.2B | $18.5B | ||
| Q3 24 | $7.2B | $19.0B | ||
| Q2 24 | $7.2B | $19.8B | ||
| Q1 24 | $7.2B | $18.9B |
股东权益FOXARCL
| Q4 25 | $10.9B | $10.0B | ||
| Q3 25 | $12.2B | $10.1B | ||
| Q2 25 | $12.0B | $9.2B | ||
| Q1 25 | $11.5B | $8.0B | ||
| Q4 24 | $11.5B | $7.6B | ||
| Q3 24 | $11.3B | $7.0B | ||
| Q2 24 | $10.7B | $6.0B | ||
| Q1 24 | $10.6B | $5.2B |
总资产FOXARCL
| Q4 25 | $21.5B | $41.6B | ||
| Q3 25 | $22.8B | $40.1B | ||
| Q2 25 | $23.2B | $38.5B | ||
| Q1 25 | $23.4B | $37.5B | ||
| Q4 24 | $23.0B | $37.1B | ||
| Q3 24 | $22.5B | $37.1B | ||
| Q2 24 | $22.0B | $37.0B | ||
| Q1 24 | $21.7B | $35.2B |
负债/权益比FOXARCL
| Q4 25 | — | 1.81× | ||
| Q3 25 | 0.54× | 1.70× | ||
| Q2 25 | 0.55× | 1.92× | ||
| Q1 25 | 0.62× | 2.26× | ||
| Q4 24 | 0.63× | 2.44× | ||
| Q3 24 | 0.64× | 2.69× | ||
| Q2 24 | 0.67× | 3.29× | ||
| Q1 24 | 0.68× | 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 | $-669.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-791.0M | $116.0M |
| 自由现金流率自由现金流/营收 | -15.3% | 2.7% |
| 资本支出强度资本支出/营收 | 2.4% | 35.4% |
| 现金转化率经营现金流/净利润 | -2.71× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $2.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流FOXARCL
| Q4 25 | $-669.0M | $1.6B | ||
| Q3 25 | $-130.0M | $1.5B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $-362.0M | $1.5B | ||
| Q3 24 | $158.0M | $897.0M | ||
| Q2 24 | $899.0M | $1.6B | ||
| Q1 24 | $1.5B | $1.3B |
自由现金流FOXARCL
| Q4 25 | $-791.0M | $116.0M | ||
| Q3 25 | $-234.0M | $-989.0M | ||
| Q2 25 | $1.4B | $910.0M | ||
| Q1 25 | $1.9B | $1.2B | ||
| Q4 24 | $-436.0M | $915.0M | ||
| Q3 24 | $94.0M | $563.0M | ||
| Q2 24 | $787.0M | $-567.0M | ||
| Q1 24 | $1.4B | $1.1B |
自由现金流率FOXARCL
| Q4 25 | -15.3% | 2.7% | ||
| Q3 25 | -6.3% | -19.2% | ||
| Q2 25 | 42.4% | 20.1% | ||
| Q1 25 | 44.4% | 30.0% | ||
| Q4 24 | -8.6% | 24.3% | ||
| Q3 24 | 2.6% | 11.5% | ||
| Q2 24 | 25.5% | -13.8% | ||
| Q1 24 | 40.4% | 29.1% |
资本支出强度FOXARCL
| Q4 25 | 2.4% | 35.4% | ||
| Q3 25 | 2.8% | 47.8% | ||
| Q2 25 | 3.6% | 18.4% | ||
| Q1 25 | 1.7% | 10.7% | ||
| Q4 24 | 1.5% | 14.7% | ||
| Q3 24 | 1.8% | 6.8% | ||
| Q2 24 | 3.6% | 52.1% | ||
| Q1 24 | 2.4% | 6.5% |
现金转化率FOXARCL
| Q4 25 | -2.71× | 2.16× | ||
| Q3 25 | -0.21× | 0.93× | ||
| Q2 25 | 2.10× | 1.44× | ||
| Q1 25 | 5.69× | 2.23× | ||
| Q4 24 | -0.93× | 2.66× | ||
| Q3 24 | 0.19× | 0.81× | ||
| Q2 24 | 2.81× | 1.84× | ||
| Q1 24 | 2.10× | 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
FOXA
| Television Segment | $2.9B | 57% |
| Distribution | $1.2B | 22% |
| Other | $621.0M | 12% |
| Advertising | $491.0M | 9% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
