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固安捷（GWW）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固安捷的1.0倍（$4.5B vs $4.4B），皇家加勒比集团净利率更高（21.3% vs 10.2%，领先11.1%），皇家加勒比集团同比增速更快（11.3% vs 4.5%），过去两年皇家加勒比集团的营收复合增速更高（4.1% vs 2.2%）
W.W. Grainger（固安捷）是1927年在芝加哥成立的美国财富500强工业用品供应商，最初以稳定供应电机为创立初衷，目前服务全球超450万客户，主营电机、照明、物料搬运设备、紧固件、管件、工具、安防用品等，还提供库存管理及技术支持服务。
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。
GWW vs RCL — 直观对比
营收规模更大
RCL
是对方的1.0倍
$4.4B
营收增速更快
RCL
高出6.8%
4.5%
净利率更高
RCL
高出11.1%
10.2%
两年增速更快
RCL
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.4B | $4.5B |
| 净利润 | $451.0M | $950.0M |
| 毛利率 | 39.5% | — |
| 营业利润率 | 14.3% | 26.1% |
| 净利率 | 10.2% | 21.3% |
| 营收同比 | 4.5% | 11.3% |
| 净利润同比 | -5.1% | 29.1% |
| 每股收益（稀释后） | $9.45 | $3.48 |
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GWWRCL
| Q1 26 | — | $4.5B | ||
| Q4 25 | $4.4B | $4.3B | ||
| Q3 25 | $4.7B | $5.1B | ||
| Q2 25 | $4.6B | $4.5B | ||
| Q1 25 | $4.3B | $4.0B | ||
| Q4 24 | $4.2B | $3.8B | ||
| Q3 24 | $4.4B | $4.9B | ||
| Q2 24 | $4.3B | $4.1B |
净利润GWWRCL
| Q1 26 | — | $950.0M | ||
| Q4 25 | $451.0M | $753.0M | ||
| Q3 25 | $294.0M | $1.6B | ||
| Q2 25 | $482.0M | $1.2B | ||
| Q1 25 | $479.0M | $730.0M | ||
| Q4 24 | $475.0M | $552.0M | ||
| Q3 24 | $486.0M | $1.1B | ||
| Q2 24 | $470.0M | $854.0M |
毛利率GWWRCL
| Q1 26 | — | — | ||
| Q4 25 | 39.5% | 47.4% | ||
| Q3 25 | 38.6% | 51.8% | ||
| Q2 25 | 38.5% | 49.7% | ||
| Q1 25 | 39.7% | 48.0% | ||
| Q4 24 | 39.6% | 45.4% | ||
| Q3 24 | 39.2% | 51.1% | ||
| Q2 24 | 39.3% | 47.6% |
营业利润率GWWRCL
| Q1 26 | — | 26.1% | ||
| Q4 25 | 14.3% | 21.9% | ||
| Q3 25 | 11.0% | 33.1% | ||
| Q2 25 | 14.9% | 29.3% | ||
| Q1 25 | 15.6% | 23.6% | ||
| Q4 24 | 15.0% | 16.6% | ||
| Q3 24 | 15.6% | 33.4% | ||
| Q2 24 | 15.1% | 26.7% |
净利率GWWRCL
| Q1 26 | — | 21.3% | ||
| Q4 25 | 10.2% | 17.7% | ||
| Q3 25 | 6.3% | 30.6% | ||
| Q2 25 | 10.6% | 26.7% | ||
| Q1 25 | 11.1% | 18.3% | ||
| Q4 24 | 11.2% | 14.7% | ||
| Q3 24 | 11.1% | 22.7% | ||
| Q2 24 | 10.9% | 20.8% |
每股收益（稀释后）GWWRCL
| Q1 26 | — | $3.48 | ||
| Q4 25 | $9.45 | $2.76 | ||
| Q3 25 | $6.12 | $5.74 | ||
| Q2 25 | $9.97 | $4.41 | ||
| Q1 25 | $9.86 | $2.70 | ||
| Q4 24 | $9.71 | $2.27 | ||
| Q3 24 | $9.87 | $4.21 | ||
| Q2 24 | $9.51 | $3.11 |
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 | $585.0M | $512.0M |
| 总债务越低越好 | $2.5B | $21.1B |
| 股东权益账面价值 | $3.7B | $10.0B |
| 总资产 | $9.0B | $42.0B |
| 负债/权益比越低杠杆越低 | 0.67× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资GWWRCL
| Q1 26 | — | $512.0M | ||
| Q4 25 | $585.0M | $825.0M | ||
| Q3 25 | $535.0M | $432.0M | ||
| Q2 25 | $597.0M | $735.0M | ||
| Q1 25 | $666.0M | $386.0M | ||
| Q4 24 | $1.0B | $388.0M | ||
| Q3 24 | $1.4B | $418.0M | ||
| Q2 24 | $769.0M | $391.0M |
总债务GWWRCL
| Q1 26 | — | $21.1B | ||
| Q4 25 | $2.5B | $18.2B | ||
| Q3 25 | $2.4B | $17.2B | ||
| Q2 25 | $2.3B | $17.6B | ||
| Q1 25 | $2.3B | $18.0B | ||
| Q4 24 | $2.8B | $18.5B | ||
| Q3 24 | $2.3B | $19.0B | ||
| Q2 24 | $1.8B | $19.8B |
股东权益GWWRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $3.7B | $10.0B | ||
| Q3 25 | $3.6B | $10.1B | ||
| Q2 25 | $3.7B | $9.2B | ||
| Q1 25 | $3.5B | $8.0B | ||
| Q4 24 | $3.4B | $7.6B | ||
| Q3 24 | $3.5B | $7.0B | ||
| Q2 24 | $3.3B | $6.0B |
总资产GWWRCL
| Q1 26 | — | $42.0B | ||
| Q4 25 | $9.0B | $41.6B | ||
| Q3 25 | $8.8B | $40.1B | ||
| Q2 25 | $8.9B | $38.5B | ||
| Q1 25 | $8.7B | $37.5B | ||
| Q4 24 | $8.8B | $37.1B | ||
| Q3 24 | $9.1B | $37.1B | ||
| Q2 24 | $8.4B | $37.0B |
负债/权益比GWWRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | 0.67× | 1.81× | ||
| Q3 25 | 0.67× | 1.70× | ||
| Q2 25 | 0.64× | 1.92× | ||
| Q1 25 | 0.66× | 2.26× | ||
| Q4 24 | 0.83× | 2.44× | ||
| Q3 24 | 0.65× | 2.69× | ||
| Q2 24 | 0.54× | 3.29× |
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 | $395.0M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $269.0M | — |
| 自由现金流率自由现金流/营收 | 6.1% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | 0.88× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流GWWRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $395.0M | $1.6B | ||
| Q3 25 | $597.0M | $1.5B | ||
| Q2 25 | $377.0M | $1.7B | ||
| Q1 25 | $646.0M | $1.6B | ||
| Q4 24 | $428.0M | $1.5B | ||
| Q3 24 | $611.0M | $897.0M | ||
| Q2 24 | $411.0M | $1.6B |
自由现金流GWWRCL
| Q1 26 | — | — | ||
| Q4 25 | $269.0M | $116.0M | ||
| Q3 25 | $339.0M | $-989.0M | ||
| Q2 25 | $202.0M | $910.0M | ||
| Q1 25 | $521.0M | $1.2B | ||
| Q4 24 | $170.0M | $915.0M | ||
| Q3 24 | $523.0M | $563.0M | ||
| Q2 24 | $335.0M | $-567.0M |
自由现金流率GWWRCL
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | 2.7% | ||
| Q3 25 | 7.3% | -19.2% | ||
| Q2 25 | 4.4% | 20.1% | ||
| Q1 25 | 12.1% | 30.0% | ||
| Q4 24 | 4.0% | 24.3% | ||
| Q3 24 | 11.9% | 11.5% | ||
| Q2 24 | 7.8% | -13.8% |
资本支出强度GWWRCL
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 35.4% | ||
| Q3 25 | 5.5% | 47.8% | ||
| Q2 25 | 3.8% | 18.4% | ||
| Q1 25 | 2.9% | 10.7% | ||
| Q4 24 | 6.1% | 14.7% | ||
| Q3 24 | 2.0% | 6.8% | ||
| Q2 24 | 1.8% | 52.1% |
现金转化率GWWRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 0.88× | 2.16× | ||
| Q3 25 | 2.03× | 0.93× | ||
| Q2 25 | 0.78× | 1.44× | ||
| Q1 25 | 1.35× | 2.23× | ||
| Q4 24 | 0.90× | 2.66× | ||
| Q3 24 | 1.26× | 0.81× | ||
| Q2 24 | 0.87× | 1.84× |
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
GWW
暂无分部数据
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
