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固铂轮胎（GT）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
固铂轮胎的季度营收约是皇家加勒比集团的1.2倍（$4.9B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 2.1%，领先15.5%），皇家加勒比集团同比增速更快（13.3% vs -0.6%），固铂轮胎自由现金流更多（$1.3B 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 4.1%）
固铂轮胎橡胶公司是美国知名轮胎企业，专注于乘用车、卡车替换轮胎的设计、生产、营销与销售，旗下子公司还覆盖中型卡车、摩托车及赛车轮胎业务。公司总部位于俄亥俄州芬德利，在全球拥有60处制造、销售、配送、技术及研发设计基地，旗下还拥有英国雅芳轮胎品牌，生产摩托车等品类的轮胎产品。
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。
GT vs RCL — 直观对比
营收规模更大
GT
是对方的1.2倍
$4.3B
营收增速更快
RCL
高出13.9%
-0.6%
净利率更高
RCL
高出15.5%
2.1%
自由现金流更多
GT
多$1.2B
$116.0M
两年增速更快
RCL
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $4.3B |
| 净利润 | $105.0M | $753.0M |
| 毛利率 | 20.9% | 47.4% |
| 营业利润率 | 3.3% | 21.9% |
| 净利率 | 2.1% | 17.7% |
| 营收同比 | -0.6% | 13.3% |
| 净利润同比 | 43.8% | 36.4% |
| 每股收益（稀释后） | $0.36 | $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GTRCL
| Q4 25 | $4.9B | $4.3B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $4.5B | $4.5B | ||
| Q1 25 | $4.3B | $4.0B | ||
| Q4 24 | $4.9B | $3.8B | ||
| Q3 24 | $4.8B | $4.9B | ||
| Q2 24 | $4.6B | $4.1B | ||
| Q1 24 | $4.5B | $3.7B |
净利润GTRCL
| Q4 25 | $105.0M | $753.0M | ||
| Q3 25 | $-2.2B | $1.6B | ||
| Q2 25 | $254.0M | $1.2B | ||
| Q1 25 | $115.0M | $730.0M | ||
| Q4 24 | $73.0M | $552.0M | ||
| Q3 24 | $-37.0M | $1.1B | ||
| Q2 24 | $79.0M | $854.0M | ||
| Q1 24 | $-69.0M | $360.0M |
毛利率GTRCL
| Q4 25 | 20.9% | 47.4% | ||
| Q3 25 | 18.2% | 51.8% | ||
| Q2 25 | 17.0% | 49.7% | ||
| Q1 25 | 17.4% | 48.0% | ||
| Q4 24 | 19.9% | 45.4% | ||
| Q3 24 | 19.5% | 51.1% | ||
| Q2 24 | 20.6% | 47.6% | ||
| Q1 24 | 18.0% | 44.8% |
营业利润率GTRCL
| Q4 25 | 3.3% | 21.9% | ||
| Q3 25 | -15.8% | 33.1% | ||
| Q2 25 | 6.8% | 29.3% | ||
| Q1 25 | 3.1% | 23.6% | ||
| Q4 24 | 1.5% | 16.6% | ||
| Q3 24 | -0.6% | 33.4% | ||
| Q2 24 | 2.9% | 26.7% | ||
| Q1 24 | -1.1% | 20.1% |
净利率GTRCL
| Q4 25 | 2.1% | 17.7% | ||
| Q3 25 | -47.3% | 30.6% | ||
| Q2 25 | 5.7% | 26.7% | ||
| Q1 25 | 2.7% | 18.3% | ||
| Q4 24 | 1.5% | 14.7% | ||
| Q3 24 | -0.8% | 22.7% | ||
| Q2 24 | 1.7% | 20.8% | ||
| Q1 24 | -1.5% | 9.7% |
每股收益（稀释后）GTRCL
| Q4 25 | $0.36 | $2.76 | ||
| Q3 25 | $-7.62 | $5.74 | ||
| Q2 25 | $0.87 | $4.41 | ||
| Q1 25 | $0.40 | $2.70 | ||
| Q4 24 | $0.25 | $2.27 | ||
| Q3 24 | $-0.13 | $4.21 | ||
| Q2 24 | $0.28 | $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 | $801.0M | $825.0M |
| 总债务越低越好 | $5.3B | $18.2B |
| 股东权益账面价值 | $3.2B | $10.0B |
| 总资产 | $18.2B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.65× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资GTRCL
| Q4 25 | $801.0M | $825.0M | ||
| Q3 25 | $810.0M | $432.0M | ||
| Q2 25 | $785.0M | $735.0M | ||
| Q1 25 | $902.0M | $386.0M | ||
| Q4 24 | $810.0M | $388.0M | ||
| Q3 24 | $905.0M | $418.0M | ||
| Q2 24 | $789.0M | $391.0M | ||
| Q1 24 | $893.0M | $437.0M |
总债务GTRCL
| Q4 25 | $5.3B | $18.2B | ||
| Q3 25 | $7.3B | $17.2B | ||
| Q2 25 | $6.6B | $17.6B | ||
| Q1 25 | $7.3B | $18.0B | ||
| Q4 24 | $6.4B | $18.5B | ||
| Q3 24 | $7.4B | $19.0B | ||
| Q2 24 | $6.8B | $19.8B | ||
| Q1 24 | $7.5B | $18.9B |
股东权益GTRCL
| Q4 25 | $3.2B | $10.0B | ||
| Q3 25 | $3.0B | $10.1B | ||
| Q2 25 | $5.1B | $9.2B | ||
| Q1 25 | $4.9B | $8.0B | ||
| Q4 24 | $4.7B | $7.6B | ||
| Q3 24 | $4.7B | $7.0B | ||
| Q2 24 | $4.7B | $6.0B | ||
| Q1 24 | $4.6B | $5.2B |
总资产GTRCL
| Q4 25 | $18.2B | $41.6B | ||
| Q3 25 | $20.2B | $40.1B | ||
| Q2 25 | $22.3B | $38.5B | ||
| Q1 25 | $21.7B | $37.5B | ||
| Q4 24 | $20.9B | $37.1B | ||
| Q3 24 | $22.5B | $37.1B | ||
| Q2 24 | $22.0B | $37.0B | ||
| Q1 24 | $22.0B | $35.2B |
负债/权益比GTRCL
| Q4 25 | 1.65× | 1.81× | ||
| Q3 25 | 2.42× | 1.70× | ||
| Q2 25 | 1.28× | 1.92× | ||
| Q1 25 | 1.48× | 2.26× | ||
| Q4 24 | 1.37× | 2.44× | ||
| Q3 24 | 1.57× | 2.69× | ||
| Q2 24 | 1.45× | 3.29× | ||
| Q1 24 | 1.61× | 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 | $1.5B | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $1.3B | $116.0M |
| 自由现金流率自由现金流/营收 | 27.2% | 2.7% |
| 资本支出强度资本支出/营收 | 3.6% | 35.4% |
| 现金转化率经营现金流/净利润 | 14.40× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $-30.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流GTRCL
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $2.0M | $1.5B | ||
| Q2 25 | $-180.0M | $1.7B | ||
| Q1 25 | $-538.0M | $1.6B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $-73.0M | $897.0M | ||
| Q2 24 | $-67.0M | $1.6B | ||
| Q1 24 | $-451.0M | $1.3B |
自由现金流GTRCL
| Q4 25 | $1.3B | $116.0M | ||
| Q3 25 | $-181.0M | $-989.0M | ||
| Q2 25 | $-387.0M | $910.0M | ||
| Q1 25 | $-797.0M | $1.2B | ||
| Q4 24 | $1.0B | $915.0M | ||
| Q3 24 | $-351.0M | $563.0M | ||
| Q2 24 | $-383.0M | $-567.0M | ||
| Q1 24 | $-769.0M | $1.1B |
自由现金流率GTRCL
| Q4 25 | 27.2% | 2.7% | ||
| Q3 25 | -3.9% | -19.2% | ||
| Q2 25 | -8.7% | 20.1% | ||
| Q1 25 | -18.7% | 30.0% | ||
| Q4 24 | 20.5% | 24.3% | ||
| Q3 24 | -7.3% | 11.5% | ||
| Q2 24 | -8.4% | -13.8% | ||
| Q1 24 | -16.9% | 29.1% |
资本支出强度GTRCL
| Q4 25 | 3.6% | 35.4% | ||
| Q3 25 | 3.9% | 47.8% | ||
| Q2 25 | 4.6% | 18.4% | ||
| Q1 25 | 6.1% | 10.7% | ||
| Q4 24 | 5.6% | 14.7% | ||
| Q3 24 | 5.8% | 6.8% | ||
| Q2 24 | 6.9% | 52.1% | ||
| Q1 24 | 7.0% | 6.5% |
现金转化率GTRCL
| Q4 25 | 14.40× | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | -0.71× | 1.44× | ||
| Q1 25 | -4.68× | 2.23× | ||
| Q4 24 | 17.66× | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | -0.85× | 1.84× | ||
| Q1 24 | — | 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
GT
| Tire Unit Sales | $2.4B | 50% |
| Other | $2.3B | 46% |
| Other Tireand Related Sales | $192.0M | 4% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
