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TechnipFMC plc（FTI）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TechnipFMC plc的1.7倍（$4.3B vs $2.5B），皇家加勒比集团净利率更高（17.7% vs 9.6%，领先8.0%），皇家加勒比集团同比增速更快（13.3% vs 6.3%），TechnipFMC plc自由现金流更多（$359.1M vs $116.0M），过去两年TechnipFMC plc的营收复合增速更高（11.0% vs 6.9%）
TechnipFMC是一家注册地位于英国的全球能源服务商，兼具法国与美国企业背景，核心业务为油气领域提供专业技术与服务支持。公司由美国FMC科技与法国Technip于2016年宣布合并，2017年正式完成组建，业务覆盖全球主要能源市场。
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。
FTI vs RCL — 直观对比
营收规模更大
RCL
是对方的1.7倍
$2.5B
营收增速更快
RCL
高出6.9%
6.3%
净利率更高
RCL
高出8.0%
9.6%
自由现金流更多
FTI
多$243.1M
$116.0M
两年增速更快
FTI
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.5B | $4.3B |
| 净利润 | $242.7M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 12.6% | 21.9% |
| 净利率 | 9.6% | 17.7% |
| 营收同比 | 6.3% | 13.3% |
| 净利润同比 | 8.0% | 36.4% |
| 每股收益（稀释后） | $0.58 | $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FTIRCL
| Q4 25 | $2.5B | $4.3B | ||
| Q3 25 | $2.6B | $5.1B | ||
| Q2 25 | $2.5B | $4.5B | ||
| Q1 25 | $2.2B | $4.0B | ||
| Q4 24 | $2.4B | $3.8B | ||
| Q3 24 | $2.3B | $4.9B | ||
| Q2 24 | $2.3B | $4.1B | ||
| Q1 24 | $2.0B | $3.7B |
净利润FTIRCL
| Q4 25 | $242.7M | $753.0M | ||
| Q3 25 | $309.7M | $1.6B | ||
| Q2 25 | $269.5M | $1.2B | ||
| Q1 25 | $142.0M | $730.0M | ||
| Q4 24 | $224.7M | $552.0M | ||
| Q3 24 | $274.6M | $1.1B | ||
| Q2 24 | $186.5M | $854.0M | ||
| Q1 24 | $157.1M | $360.0M |
毛利率FTIRCL
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | 23.1% | 49.7% | ||
| Q1 25 | 20.5% | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | 21.2% | 47.6% | ||
| Q1 24 | 16.4% | 44.8% |
营业利润率FTIRCL
| Q4 25 | 12.6% | 21.9% | ||
| Q3 25 | 16.5% | 33.1% | ||
| Q2 25 | 15.9% | 29.3% | ||
| Q1 25 | 12.5% | 23.6% | ||
| Q4 24 | 11.3% | 16.6% | ||
| Q3 24 | 13.7% | 33.4% | ||
| Q2 24 | 13.3% | 26.7% | ||
| Q1 24 | 12.7% | 20.1% |
净利率FTIRCL
| Q4 25 | 9.6% | 17.7% | ||
| Q3 25 | 11.7% | 30.6% | ||
| Q2 25 | 10.6% | 26.7% | ||
| Q1 25 | 6.4% | 18.3% | ||
| Q4 24 | 9.5% | 14.7% | ||
| Q3 24 | 11.7% | 22.7% | ||
| Q2 24 | 8.0% | 20.8% | ||
| Q1 24 | 7.7% | 9.7% |
每股收益（稀释后）FTIRCL
| Q4 25 | $0.58 | $2.76 | ||
| Q3 25 | $0.75 | $5.74 | ||
| Q2 25 | $0.64 | $4.41 | ||
| Q1 25 | $0.33 | $2.70 | ||
| Q4 24 | $0.51 | $2.27 | ||
| Q3 24 | $0.63 | $4.21 | ||
| Q2 24 | $0.42 | $3.11 | ||
| Q1 24 | $0.35 | $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 | $1.0B | $825.0M |
| 总债务越低越好 | $430.0M | $18.2B |
| 股东权益账面价值 | $3.4B | $10.0B |
| 总资产 | $10.1B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.13× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资FTIRCL
| Q4 25 | $1.0B | $825.0M | ||
| Q3 25 | $876.6M | $432.0M | ||
| Q2 25 | $950.0M | $735.0M | ||
| Q1 25 | $1.2B | $386.0M | ||
| Q4 24 | $1.2B | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M | ||
| Q1 24 | — | $437.0M |
总债务FTIRCL
| Q4 25 | $430.0M | $18.2B | ||
| Q3 25 | $438.0M | $17.2B | ||
| Q2 25 | $696.3M | $17.6B | ||
| Q1 25 | $904.9M | $18.0B | ||
| Q4 24 | $885.2M | $18.5B | ||
| Q3 24 | $966.7M | $19.0B | ||
| Q2 24 | $968.4M | $19.8B | ||
| Q1 24 | $1.0B | $18.9B |
股东权益FTIRCL
| Q4 25 | $3.4B | $10.0B | ||
| Q3 25 | $3.3B | $10.1B | ||
| Q2 25 | $3.3B | $9.2B | ||
| Q1 25 | $3.1B | $8.0B | ||
| Q4 24 | $3.1B | $7.6B | ||
| Q3 24 | $3.3B | $7.0B | ||
| Q2 24 | $3.0B | $6.0B | ||
| Q1 24 | $3.0B | $5.2B |
总资产FTIRCL
| Q4 25 | $10.1B | $41.6B | ||
| Q3 25 | $10.3B | $40.1B | ||
| Q2 25 | $10.1B | $38.5B | ||
| Q1 25 | $10.0B | $37.5B | ||
| Q4 24 | $9.9B | $37.1B | ||
| Q3 24 | $9.7B | $37.1B | ||
| Q2 24 | $9.2B | $37.0B | ||
| Q1 24 | $9.1B | $35.2B |
负债/权益比FTIRCL
| Q4 25 | 0.13× | 1.81× | ||
| Q3 25 | 0.13× | 1.70× | ||
| Q2 25 | 0.21× | 1.92× | ||
| Q1 25 | 0.29× | 2.26× | ||
| Q4 24 | 0.29× | 2.44× | ||
| Q3 24 | 0.30× | 2.69× | ||
| Q2 24 | 0.33× | 3.29× | ||
| Q1 24 | 0.34× | 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 | $453.6M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $116.0M |
| 自由现金流率自由现金流/营收 | 14.3% | 2.7% |
| 资本支出强度资本支出/营收 | 3.8% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.87× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $1.2B |
8季度趋势，按日历期对齐
经营现金流FTIRCL
| Q4 25 | $453.6M | $1.6B | ||
| Q3 25 | $525.1M | $1.5B | ||
| Q2 25 | $344.2M | $1.7B | ||
| Q1 25 | $441.7M | $1.6B | ||
| Q4 24 | $578.9M | $1.5B | ||
| Q3 24 | $277.9M | $897.0M | ||
| Q2 24 | $230.9M | $1.6B | ||
| Q1 24 | $-126.7M | $1.3B |
自由现金流FTIRCL
| Q4 25 | $359.1M | $116.0M | ||
| Q3 25 | $447.8M | $-989.0M | ||
| Q2 25 | $260.6M | $910.0M | ||
| Q1 25 | $379.9M | $1.2B | ||
| Q4 24 | $452.7M | $915.0M | ||
| Q3 24 | $225.3M | $563.0M | ||
| Q2 24 | $180.1M | $-567.0M | ||
| Q1 24 | $-178.7M | $1.1B |
自由现金流率FTIRCL
| Q4 25 | 14.3% | 2.7% | ||
| Q3 25 | 16.9% | -19.2% | ||
| Q2 25 | 10.3% | 20.1% | ||
| Q1 25 | 17.0% | 30.0% | ||
| Q4 24 | 19.1% | 24.3% | ||
| Q3 24 | 9.6% | 11.5% | ||
| Q2 24 | 7.7% | -13.8% | ||
| Q1 24 | -8.8% | 29.1% |
资本支出强度FTIRCL
| Q4 25 | 3.8% | 35.4% | ||
| Q3 25 | 2.9% | 47.8% | ||
| Q2 25 | 3.3% | 18.4% | ||
| Q1 25 | 2.8% | 10.7% | ||
| Q4 24 | 5.3% | 14.7% | ||
| Q3 24 | 2.2% | 6.8% | ||
| Q2 24 | 2.2% | 52.1% | ||
| Q1 24 | 2.5% | 6.5% |
现金转化率FTIRCL
| Q4 25 | 1.87× | 2.16× | ||
| Q3 25 | 1.70× | 0.93× | ||
| Q2 25 | 1.28× | 1.44× | ||
| Q1 25 | 3.11× | 2.23× | ||
| Q4 24 | 2.58× | 2.66× | ||
| Q3 24 | 1.01× | 0.81× | ||
| Q2 24 | 1.24× | 1.84× | ||
| Q1 24 | -0.81× | 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
FTI
| Services | $1.3B | 52% |
| Products | $1.1B | 44% |
| Other | $55.1M | 2% |
| Surface Technologies | $22.4M | 1% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
