vs
Gen Digital（GEN）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Gen Digital的1.8倍（$2.2B vs $1.2B），Gen Digital净利率更高（15.5% vs 0.6%，领先14.8%），Gen Digital同比增速更快（28.5% vs 6.4%），过去两年Gen Digital的营收复合增速更高（13.2% vs 1.2%）
Gen Digital是一家跨国软件企业，双总部分别设于美国亚利桑那州坦佩和欧盟捷克布拉格，是财富500强企业及标普500指数成分股，同时在纳斯达克与布拉格证券交易所挂牌上市。公司主营网络安全软件、金融科技及相关服务，旗下拥有诺顿、Avast、LifeLock、AVG、CCleaner等多个知名品牌。
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%。
GEN 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
GEN
高出22.1%
6.4%
净利率更高
GEN
高出14.8%
0.6%
两年增速更快
GEN
近两年复合增速
1.2%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.2B |
| 净利润 | $192.0M | $14.3M |
| 毛利率 | 78.4% | 41.0% |
| 营业利润率 | 34.9% | 8.3% |
| 净利率 | 15.5% | 0.6% |
| 营收同比 | 28.5% | 6.4% |
| 净利润同比 | 6.1% | -94.4% |
| 每股收益（稀释后） | $0.31 | $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GENNCLH
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.3B | $2.9B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $986.0M | $2.1B | ||
| Q3 24 | $974.0M | $2.8B | ||
| Q2 24 | $965.0M | $2.4B |
净利润GENNCLH
| Q1 26 | $192.0M | — | ||
| Q4 25 | $134.0M | $14.3M | ||
| Q3 25 | $135.0M | $419.3M | ||
| Q2 25 | — | $30.0M | ||
| Q1 25 | $142.0M | $-40.3M | ||
| Q4 24 | $159.0M | $254.5M | ||
| Q3 24 | $161.0M | $474.9M | ||
| Q2 24 | $181.0M | $163.4M |
毛利率GENNCLH
| Q1 26 | 78.4% | — | ||
| Q4 25 | 78.2% | 41.0% | ||
| Q3 25 | 78.8% | 47.1% | ||
| Q2 25 | — | 42.1% | ||
| Q1 25 | 80.3% | 38.7% | ||
| Q4 24 | 80.4% | 38.0% | ||
| Q3 24 | 80.1% | 45.2% | ||
| Q2 24 | 80.3% | 38.7% |
营业利润率GENNCLH
| Q1 26 | 34.9% | — | ||
| Q4 25 | 35.9% | 8.3% | ||
| Q3 25 | 35.5% | 25.5% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | 41.3% | 9.4% | ||
| Q4 24 | 37.9% | 10.2% | ||
| Q3 24 | 41.3% | 24.6% | ||
| Q2 24 | 43.2% | 14.4% |
净利率GENNCLH
| Q1 26 | 15.5% | — | ||
| Q4 25 | 11.0% | 0.6% | ||
| Q3 25 | 10.7% | 14.3% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | 14.1% | -1.9% | ||
| Q4 24 | 16.1% | 12.1% | ||
| Q3 24 | 16.5% | 16.9% | ||
| Q2 24 | 18.8% | 6.9% |
每股收益（稀释后）GENNCLH
| Q1 26 | $0.31 | — | ||
| Q4 25 | $0.21 | $0.08 | ||
| Q3 25 | $0.22 | $0.86 | ||
| Q2 25 | — | $0.07 | ||
| Q1 25 | $0.22 | $-0.09 | ||
| Q4 24 | $0.26 | $0.55 | ||
| Q3 24 | $0.26 | $0.95 | ||
| Q2 24 | $0.29 | $0.35 |
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 | — | $209.9M |
| 总债务越低越好 | $8.4B | $13.7B |
| 股东权益账面价值 | $2.3B | $2.2B |
| 总资产 | $15.8B | $22.5B |
| 负债/权益比越低杠杆越低 | 3.61× | 6.21× |
8季度趋势，按日历期对齐
现金及短期投资GENNCLH
| Q1 26 | — | — | ||
| Q4 25 | — | $209.9M | ||
| Q3 25 | — | $166.8M | ||
| Q2 25 | — | $184.0M | ||
| Q1 25 | $1.0B | $184.4M | ||
| Q4 24 | $883.0M | $190.8M | ||
| Q3 24 | $737.0M | $332.5M | ||
| Q2 24 | $644.0M | $594.1M |
总债务GENNCLH
| Q1 26 | $8.4B | — | ||
| Q4 25 | $8.7B | $13.7B | ||
| Q3 25 | $8.9B | $13.6B | ||
| Q2 25 | — | $12.6B | ||
| Q1 25 | $8.3B | $12.9B | ||
| Q4 24 | $8.5B | $11.8B | ||
| Q3 24 | $8.5B | $11.8B | ||
| Q2 24 | $8.5B | $11.9B |
股东权益GENNCLH
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.5B | $2.2B | ||
| Q3 25 | $2.4B | $2.2B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.2B | $1.4B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.0B | $693.1M |
总资产GENNCLH
| Q1 26 | $15.8B | — | ||
| Q4 25 | $16.1B | $22.5B | ||
| Q3 25 | $16.4B | $22.2B | ||
| Q2 25 | — | $21.6B | ||
| Q1 25 | $15.5B | $21.4B | ||
| Q4 24 | $15.4B | $20.0B | ||
| Q3 24 | $15.5B | $19.8B | ||
| Q2 24 | $15.4B | $20.1B |
负债/权益比GENNCLH
| Q1 26 | 3.61× | — | ||
| Q4 25 | 3.54× | 6.21× | ||
| Q3 25 | 3.75× | 6.22× | ||
| Q2 25 | — | 8.05× | ||
| Q1 25 | 3.64× | 9.09× | ||
| Q4 24 | 3.94× | 8.26× | ||
| Q3 24 | 4.06× | 10.35× | ||
| Q2 24 | 4.33× | 17.19× |
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 | — | $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GENNCLH
| Q1 26 | — | — | ||
| Q4 25 | $541.0M | $459.1M | ||
| Q3 25 | $409.0M | $236.6M | ||
| Q2 25 | — | $714.9M | ||
| Q1 25 | $473.0M | $679.2M | ||
| Q4 24 | $326.0M | $399.3M | ||
| Q3 24 | $158.0M | $172.5M | ||
| Q2 24 | $264.0M | $670.9M |
自由现金流GENNCLH
| Q1 26 | — | — | ||
| Q4 25 | $535.0M | $21.5M | ||
| Q3 25 | $405.0M | $-726.5M | ||
| Q2 25 | — | $381.2M | ||
| Q1 25 | $470.0M | $-846.0M | ||
| Q4 24 | $318.0M | $155.8M | ||
| Q3 24 | $156.0M | $-195.5M | ||
| Q2 24 | $262.0M | $330.2M |
自由现金流率GENNCLH
| Q1 26 | — | — | ||
| Q4 25 | 43.9% | 1.0% | ||
| Q3 25 | 32.2% | -24.7% | ||
| Q2 25 | — | 15.1% | ||
| Q1 25 | 46.5% | -39.8% | ||
| Q4 24 | 32.3% | 7.4% | ||
| Q3 24 | 16.0% | -7.0% | ||
| Q2 24 | 27.2% | 13.9% |
资本支出强度GENNCLH
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 19.5% | ||
| Q3 25 | 0.3% | 32.8% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | 0.3% | 71.7% | ||
| Q4 24 | 0.8% | 11.5% | ||
| Q3 24 | 0.2% | 13.1% | ||
| Q2 24 | 0.2% | 14.4% |
现金转化率GENNCLH
| Q1 26 | — | — | ||
| Q4 25 | 4.04× | 32.21× | ||
| Q3 25 | 3.03× | 0.56× | ||
| Q2 25 | — | 23.83× | ||
| Q1 25 | 3.33× | — | ||
| Q4 24 | 2.05× | 1.57× | ||
| Q3 24 | 0.98× | 0.36× | ||
| Q2 24 | 1.46× | 4.10× |
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
GEN
| Cyber Safety Platform | $819.0M | 66% |
| Trust Based Solutions | $421.0M | 34% |
| Net Interest Income On Notes Receivable | $4.0M | 0% |
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
