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通用磨坊（GIS）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
通用磨坊的季度营收约是皇家加勒比集团的1.1倍（$4.9B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 8.5%，领先9.2%），皇家加勒比集团同比增速更快（13.3% vs -7.2%），通用磨坊自由现金流更多（$675.7M 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 -2.4%）
通用磨坊是美国知名跨国消费食品企业，主营品牌包装食品的生产与营销，产品通过零售渠道面向大众发售。公司发源于明尼阿波利斯市密西西比河畔的圣安东尼瀑布区域，最初以大型面粉加工业务闻名，现总部位于明尼阿波利斯市郊的明尼苏达州金谷市。
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。
GIS vs RCL — 直观对比
营收规模更大
GIS
是对方的1.1倍
$4.3B
营收增速更快
RCL
高出20.5%
-7.2%
净利率更高
RCL
高出9.2%
8.5%
自由现金流更多
GIS
多$559.7M
$116.0M
两年增速更快
RCL
近两年复合增速
-2.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $4.3B |
| 净利润 | $413.0M | $753.0M |
| 毛利率 | 34.8% | 47.4% |
| 营业利润率 | 15.0% | 21.9% |
| 净利率 | 8.5% | 17.7% |
| 营收同比 | -7.2% | 13.3% |
| 净利润同比 | -48.1% | 36.4% |
| 每股收益（稀释后） | $0.78 | $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GISRCL
| Q4 25 | $4.9B | $4.3B | ||
| Q3 25 | $4.5B | $5.1B | ||
| Q2 25 | $4.6B | $4.5B | ||
| Q1 25 | $4.8B | $4.0B | ||
| Q4 24 | $5.2B | $3.8B | ||
| Q3 24 | $4.8B | $4.9B | ||
| Q2 24 | $4.7B | $4.1B | ||
| Q1 24 | $5.1B | $3.7B |
净利润GISRCL
| Q4 25 | $413.0M | $753.0M | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $294.0M | $1.2B | ||
| Q1 25 | $625.6M | $730.0M | ||
| Q4 24 | $795.7M | $552.0M | ||
| Q3 24 | $579.9M | $1.1B | ||
| Q2 24 | $557.5M | $854.0M | ||
| Q1 24 | $670.1M | $360.0M |
毛利率GISRCL
| Q4 25 | 34.8% | 47.4% | ||
| Q3 25 | 33.9% | 51.8% | ||
| Q2 25 | 32.4% | 49.7% | ||
| Q1 25 | 33.9% | 48.0% | ||
| Q4 24 | 36.9% | 45.4% | ||
| Q3 24 | 34.8% | 51.1% | ||
| Q2 24 | 35.8% | 47.6% | ||
| Q1 24 | 33.5% | 44.8% |
营业利润率GISRCL
| Q4 25 | 15.0% | 21.9% | ||
| Q3 25 | 38.2% | 33.1% | ||
| Q2 25 | 11.1% | 29.3% | ||
| Q1 25 | 18.4% | 23.6% | ||
| Q4 24 | 20.6% | 16.6% | ||
| Q3 24 | 17.2% | 33.4% | ||
| Q2 24 | 16.5% | 26.7% | ||
| Q1 24 | 17.9% | 20.1% |
净利率GISRCL
| Q4 25 | 8.5% | 17.7% | ||
| Q3 25 | 26.7% | 30.6% | ||
| Q2 25 | 6.5% | 26.7% | ||
| Q1 25 | 12.9% | 18.3% | ||
| Q4 24 | 15.2% | 14.7% | ||
| Q3 24 | 12.0% | 22.7% | ||
| Q2 24 | 11.8% | 20.8% | ||
| Q1 24 | 13.1% | 9.7% |
每股收益（稀释后）GISRCL
| Q4 25 | $0.78 | $2.76 | ||
| Q3 25 | $2.22 | $5.74 | ||
| Q2 25 | $0.53 | $4.41 | ||
| Q1 25 | $1.12 | $2.70 | ||
| Q4 24 | $1.42 | $2.27 | ||
| Q3 24 | $1.03 | $4.21 | ||
| Q2 24 | $0.98 | $3.11 | ||
| Q1 24 | $1.17 | $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 | $683.4M | $825.0M |
| 总债务越低越好 | $12.2B | $18.2B |
| 股东权益账面价值 | $9.3B | $10.0B |
| 总资产 | $32.5B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.31× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资GISRCL
| Q4 25 | $683.4M | $825.0M | ||
| Q3 25 | $952.9M | $432.0M | ||
| Q2 25 | $363.9M | $735.0M | ||
| Q1 25 | $521.3M | $386.0M | ||
| Q4 24 | $2.3B | $388.0M | ||
| Q3 24 | $468.1M | $418.0M | ||
| Q2 24 | $418.0M | $391.0M | ||
| Q1 24 | $588.6M | $437.0M |
总债务GISRCL
| Q4 25 | $12.2B | $18.2B | ||
| Q3 25 | $12.2B | $17.2B | ||
| Q2 25 | $12.7B | $17.6B | ||
| Q1 25 | $11.8B | $18.0B | ||
| Q4 24 | $12.4B | $18.5B | ||
| Q3 24 | $11.4B | $19.0B | ||
| Q2 24 | $11.3B | $19.8B | ||
| Q1 24 | $11.0B | $18.9B |
股东权益GISRCL
| Q4 25 | $9.3B | $10.0B | ||
| Q3 25 | $9.5B | $10.1B | ||
| Q2 25 | $9.2B | $9.2B | ||
| Q1 25 | $9.3B | $8.0B | ||
| Q4 24 | $9.2B | $7.6B | ||
| Q3 24 | $9.3B | $7.0B | ||
| Q2 24 | $9.4B | $6.0B | ||
| Q1 24 | $9.4B | $5.2B |
总资产GISRCL
| Q4 25 | $32.5B | $41.6B | ||
| Q3 25 | $33.0B | $40.1B | ||
| Q2 25 | $33.1B | $38.5B | ||
| Q1 25 | $32.7B | $37.5B | ||
| Q4 24 | $33.4B | $37.1B | ||
| Q3 24 | $31.8B | $37.1B | ||
| Q2 24 | $31.5B | $37.0B | ||
| Q1 24 | $30.9B | $35.2B |
负债/权益比GISRCL
| Q4 25 | 1.31× | 1.81× | ||
| Q3 25 | 1.29× | 1.70× | ||
| Q2 25 | 1.38× | 1.92× | ||
| Q1 25 | 1.28× | 2.26× | ||
| Q4 24 | 1.35× | 2.44× | ||
| Q3 24 | 1.23× | 2.69× | ||
| Q2 24 | 1.20× | 3.29× | ||
| Q1 24 | 1.17× | 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 | $819.3M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $675.7M | $116.0M |
| 自由现金流率自由现金流/营收 | 13.9% | 2.7% |
| 资本支出强度资本支出/营收 | 3.0% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.98× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $1.2B |
8季度趋势，按日历期对齐
经营现金流GISRCL
| Q4 25 | $819.3M | $1.6B | ||
| Q3 25 | $397.0M | $1.5B | ||
| Q2 25 | $611.6M | $1.7B | ||
| Q1 25 | $531.9M | $1.6B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $624.2M | $897.0M | ||
| Q2 24 | $863.7M | $1.6B | ||
| Q1 24 | $943.1M | $1.3B |
自由现金流GISRCL
| Q4 25 | $675.7M | $116.0M | ||
| Q3 25 | $287.5M | $-989.0M | ||
| Q2 25 | $391.4M | $910.0M | ||
| Q1 25 | $428.0M | $1.2B | ||
| Q4 24 | $989.6M | $915.0M | ||
| Q3 24 | $483.9M | $563.0M | ||
| Q2 24 | $575.2M | $-567.0M | ||
| Q1 24 | $751.4M | $1.1B |
自由现金流率GISRCL
| Q4 25 | 13.9% | 2.7% | ||
| Q3 25 | 6.4% | -19.2% | ||
| Q2 25 | 8.6% | 20.1% | ||
| Q1 25 | 8.8% | 30.0% | ||
| Q4 24 | 18.9% | 24.3% | ||
| Q3 24 | 10.0% | 11.5% | ||
| Q2 24 | 12.2% | -13.8% | ||
| Q1 24 | 14.7% | 29.1% |
资本支出强度GISRCL
| Q4 25 | 3.0% | 35.4% | ||
| Q3 25 | 2.4% | 47.8% | ||
| Q2 25 | 4.8% | 18.4% | ||
| Q1 25 | 2.1% | 10.7% | ||
| Q4 24 | 3.1% | 14.7% | ||
| Q3 24 | 2.9% | 6.8% | ||
| Q2 24 | 6.1% | 52.1% | ||
| Q1 24 | 3.8% | 6.5% |
现金转化率GISRCL
| Q4 25 | 1.98× | 2.16× | ||
| Q3 25 | 0.33× | 0.93× | ||
| Q2 25 | 2.08× | 1.44× | ||
| Q1 25 | 0.85× | 2.23× | ||
| Q4 24 | 1.45× | 2.66× | ||
| Q3 24 | 1.08× | 0.81× | ||
| Q2 24 | 1.55× | 1.84× | ||
| Q1 24 | 1.41× | 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
GIS
| Snacks | $1.0B | 21% |
| Convenient Meals | $827.0M | 17% |
| Cereal | $791.2M | 16% |
| Dough | $720.9M | 15% |
| Pet | $698.7M | 14% |
| Baking Mixes And Ingredients | $556.0M | 11% |
| Super Premium Ice Cream | $175.8M | 4% |
| Other Product | $73.3M | 2% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
