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康宁（GLW）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康宁的1.0倍（$4.3B vs $4.2B），皇家加勒比集团净利率更高（17.7% vs 12.8%，领先4.9%），康宁同比增速更快（20.4% vs 13.3%），康宁自由现金流更多（$620.0M vs $116.0M），过去两年康宁的营收复合增速更高（19.0% vs 6.9%）
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
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。
GLW vs RCL — 直观对比
营收规模更大
RCL
是对方的1.0倍
$4.2B
营收增速更快
GLW
高出7.1%
13.3%
净利率更高
RCL
高出4.9%
12.8%
自由现金流更多
GLW
多$504.0M
$116.0M
两年增速更快
GLW
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.2B | $4.3B |
| 净利润 | $540.0M | $753.0M |
| 毛利率 | 35.5% | 47.4% |
| 营业利润率 | 15.9% | 21.9% |
| 净利率 | 12.8% | 17.7% |
| 营收同比 | 20.4% | 13.3% |
| 净利润同比 | 74.2% | 36.4% |
| 每股收益（稀释后） | $0.61 | $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GLWRCL
| Q4 25 | $4.2B | $4.3B | ||
| Q3 25 | $4.1B | $5.1B | ||
| Q2 25 | $3.9B | $4.5B | ||
| Q1 25 | $3.5B | $4.0B | ||
| Q4 24 | $3.5B | $3.8B | ||
| Q3 24 | $3.4B | $4.9B | ||
| Q2 24 | $3.3B | $4.1B | ||
| Q1 24 | $3.0B | $3.7B |
净利润GLWRCL
| Q4 25 | $540.0M | $753.0M | ||
| Q3 25 | $430.0M | $1.6B | ||
| Q2 25 | $469.0M | $1.2B | ||
| Q1 25 | $157.0M | $730.0M | ||
| Q4 24 | $310.0M | $552.0M | ||
| Q3 24 | $-117.0M | $1.1B | ||
| Q2 24 | $104.0M | $854.0M | ||
| Q1 24 | $209.0M | $360.0M |
毛利率GLWRCL
| Q4 25 | 35.5% | 47.4% | ||
| Q3 25 | 37.1% | 51.8% | ||
| Q2 25 | 36.0% | 49.7% | ||
| Q1 25 | 35.2% | 48.0% | ||
| Q4 24 | 34.2% | 45.4% | ||
| Q3 24 | 33.5% | 51.1% | ||
| Q2 24 | 29.2% | 47.6% | ||
| Q1 24 | 33.4% | 44.8% |
营业利润率GLWRCL
| Q4 25 | 15.9% | 21.9% | ||
| Q3 25 | 14.4% | 33.1% | ||
| Q2 25 | 14.8% | 29.3% | ||
| Q1 25 | 12.9% | 23.6% | ||
| Q4 24 | 11.2% | 16.6% | ||
| Q3 24 | 8.9% | 33.4% | ||
| Q2 24 | 5.7% | 26.7% | ||
| Q1 24 | 8.5% | 20.1% |
净利率GLWRCL
| Q4 25 | 12.8% | 17.7% | ||
| Q3 25 | 10.5% | 30.6% | ||
| Q2 25 | 12.1% | 26.7% | ||
| Q1 25 | 4.5% | 18.3% | ||
| Q4 24 | 8.9% | 14.7% | ||
| Q3 24 | -3.5% | 22.7% | ||
| Q2 24 | 3.2% | 20.8% | ||
| Q1 24 | 7.0% | 9.7% |
每股收益（稀释后）GLWRCL
| Q4 25 | $0.61 | $2.76 | ||
| Q3 25 | $0.50 | $5.74 | ||
| Q2 25 | $0.54 | $4.41 | ||
| Q1 25 | $0.18 | $2.70 | ||
| Q4 24 | $0.36 | $2.27 | ||
| Q3 24 | $-0.14 | $4.21 | ||
| Q2 24 | $0.12 | $3.11 | ||
| Q1 24 | $0.24 | $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 | $1.5B | $825.0M |
| 总债务越低越好 | $7.6B | $18.2B |
| 股东权益账面价值 | $11.8B | $10.0B |
| 总资产 | $31.0B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.65× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资GLWRCL
| Q4 25 | $1.5B | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | $1.8B | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M | ||
| Q1 24 | — | $437.0M |
总债务GLWRCL
| Q4 25 | $7.6B | $18.2B | ||
| Q3 25 | $7.4B | $17.2B | ||
| Q2 25 | $6.7B | $17.6B | ||
| Q1 25 | $7.0B | $18.0B | ||
| Q4 24 | $6.9B | $18.5B | ||
| Q3 24 | $7.1B | $19.0B | ||
| Q2 24 | $6.9B | $19.8B | ||
| Q1 24 | $7.0B | $18.9B |
股东权益GLWRCL
| Q4 25 | $11.8B | $10.0B | ||
| Q3 25 | $11.5B | $10.1B | ||
| Q2 25 | $11.1B | $9.2B | ||
| Q1 25 | $10.7B | $8.0B | ||
| Q4 24 | $10.7B | $7.6B | ||
| Q3 24 | $11.1B | $7.0B | ||
| Q2 24 | $10.6B | $6.0B | ||
| Q1 24 | $11.2B | $5.2B |
总资产GLWRCL
| Q4 25 | $31.0B | $41.6B | ||
| Q3 25 | $29.9B | $40.1B | ||
| Q2 25 | $28.7B | $38.5B | ||
| Q1 25 | $27.4B | $37.5B | ||
| Q4 24 | $27.7B | $37.1B | ||
| Q3 24 | $28.3B | $37.1B | ||
| Q2 24 | $27.2B | $37.0B | ||
| Q1 24 | $27.6B | $35.2B |
负债/权益比GLWRCL
| Q4 25 | 0.65× | 1.81× | ||
| Q3 25 | 0.64× | 1.70× | ||
| Q2 25 | 0.60× | 1.92× | ||
| Q1 25 | 0.65× | 2.26× | ||
| Q4 24 | 0.64× | 2.44× | ||
| Q3 24 | 0.64× | 2.69× | ||
| Q2 24 | 0.65× | 3.29× | ||
| Q1 24 | 0.63× | 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 | $1.1B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $620.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 14.7% | 2.7% |
| 资本支出强度资本支出/营收 | 10.2% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.95× | 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GLWRCL
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $784.0M | $1.5B | ||
| Q2 25 | $708.0M | $1.7B | ||
| Q1 25 | $151.0M | $1.6B | ||
| Q4 24 | $623.0M | $1.5B | ||
| Q3 24 | $699.0M | $897.0M | ||
| Q2 24 | $521.0M | $1.6B | ||
| Q1 24 | $96.0M | $1.3B |
自由现金流GLWRCL
| Q4 25 | $620.0M | $116.0M | ||
| Q3 25 | $450.0M | $-989.0M | ||
| Q2 25 | $400.0M | $910.0M | ||
| Q1 25 | $-57.0M | $1.2B | ||
| Q4 24 | $369.0M | $915.0M | ||
| Q3 24 | $482.0M | $563.0M | ||
| Q2 24 | $279.0M | $-567.0M | ||
| Q1 24 | $-156.0M | $1.1B |
自由现金流率GLWRCL
| Q4 25 | 14.7% | 2.7% | ||
| Q3 25 | 11.0% | -19.2% | ||
| Q2 25 | 10.4% | 20.1% | ||
| Q1 25 | -1.7% | 30.0% | ||
| Q4 24 | 10.5% | 24.3% | ||
| Q3 24 | 14.2% | 11.5% | ||
| Q2 24 | 8.6% | -13.8% | ||
| Q1 24 | -5.2% | 29.1% |
资本支出强度GLWRCL
| Q4 25 | 10.2% | 35.4% | ||
| Q3 25 | 8.1% | 47.8% | ||
| Q2 25 | 8.0% | 18.4% | ||
| Q1 25 | 6.0% | 10.7% | ||
| Q4 24 | 7.3% | 14.7% | ||
| Q3 24 | 6.4% | 6.8% | ||
| Q2 24 | 7.4% | 52.1% | ||
| Q1 24 | 8.5% | 6.5% |
现金转化率GLWRCL
| Q4 25 | 1.95× | 2.16× | ||
| Q3 25 | 1.82× | 0.93× | ||
| Q2 25 | 1.51× | 1.44× | ||
| Q1 25 | 0.96× | 2.23× | ||
| Q4 24 | 2.01× | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | 5.01× | 1.84× | ||
| Q1 24 | 0.46× | 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
GLW
暂无分部数据
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
