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好时（HSY）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好时的1.4倍（$4.3B vs $3.1B），皇家加勒比集团净利率更高（17.9% vs 10.4%，领先7.5%），皇家加勒比集团同比增速更快（13.2% vs 7.0%），过去两年皇家加勒比集团的营收复合增速更高（1.8% vs -2.5%）
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
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。
HSY vs RCL — 直观对比
营收规模更大
RCL
是对方的1.4倍
$3.1B
营收增速更快
RCL
高出6.2%
7.0%
净利率更高
RCL
高出7.5%
10.4%
两年增速更快
RCL
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.3B |
| 净利润 | $320.0M | $762.0M |
| 毛利率 | 37.0% | — |
| 营业利润率 | 14.4% | 21.9% |
| 净利率 | 10.4% | 17.9% |
| 营收同比 | 7.0% | 13.2% |
| 净利润同比 | -59.8% | 36.3% |
| 每股收益（稀释后） | — | $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HSYRCL
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.1B | $4.3B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $2.6B | $4.5B | ||
| Q1 25 | $2.8B | $4.0B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $3.0B | $4.9B | ||
| Q2 24 | $2.1B | $4.1B |
净利润HSYRCL
| Q1 26 | — | $762.0M | ||
| Q4 25 | $320.0M | $753.0M | ||
| Q3 25 | $276.3M | $1.6B | ||
| Q2 25 | $62.7M | $1.2B | ||
| Q1 25 | $224.2M | $730.0M | ||
| Q4 24 | $796.6M | $552.0M | ||
| Q3 24 | $446.3M | $1.1B | ||
| Q2 24 | $180.9M | $854.0M |
毛利率HSYRCL
| Q1 26 | — | — | ||
| Q4 25 | 37.0% | 47.4% | ||
| Q3 25 | 32.6% | 51.8% | ||
| Q2 25 | 30.5% | 49.7% | ||
| Q1 25 | 33.7% | 48.0% | ||
| Q4 24 | 54.0% | 45.4% | ||
| Q3 24 | 41.3% | 51.1% | ||
| Q2 24 | 40.2% | 47.6% |
营业利润率HSYRCL
| Q1 26 | — | 21.9% | ||
| Q4 25 | 14.4% | 21.9% | ||
| Q3 25 | 13.7% | 33.1% | ||
| Q2 25 | 7.4% | 29.3% | ||
| Q1 25 | 13.2% | 23.6% | ||
| Q4 24 | 32.5% | 16.6% | ||
| Q3 24 | 20.5% | 33.4% | ||
| Q2 24 | 13.9% | 26.7% |
净利率HSYRCL
| Q1 26 | — | 17.9% | ||
| Q4 25 | 10.4% | 17.7% | ||
| Q3 25 | 8.7% | 30.6% | ||
| Q2 25 | 2.4% | 26.7% | ||
| Q1 25 | 8.0% | 18.3% | ||
| Q4 24 | 27.6% | 14.7% | ||
| Q3 24 | 14.9% | 22.7% | ||
| Q2 24 | 8.7% | 20.8% |
每股收益（稀释后）HSYRCL
| Q1 26 | — | $2.76 | ||
| Q4 25 | — | $2.76 | ||
| Q3 25 | — | $5.74 | ||
| Q2 25 | — | $4.41 | ||
| Q1 25 | — | $2.70 | ||
| Q4 24 | — | $2.27 | ||
| Q3 24 | — | $4.21 | ||
| Q2 24 | — | $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 | — | $825.0M |
| 总债务越低越好 | $4.7B | $21.3B |
| 股东权益账面价值 | $4.6B | $10.2B |
| 总资产 | $13.7B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.01× | 2.08× |
8季度趋势，按日历期对齐
现金及短期投资HSYRCL
| Q1 26 | — | $825.0M | ||
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M |
总债务HSYRCL
| Q1 26 | — | $21.3B | ||
| Q4 25 | $4.7B | $18.2B | ||
| Q3 25 | $4.7B | $17.2B | ||
| Q2 25 | $5.2B | $17.6B | ||
| Q1 25 | $5.2B | $18.0B | ||
| Q4 24 | $3.2B | $18.5B | ||
| Q3 24 | $3.2B | $19.0B | ||
| Q2 24 | $3.5B | $19.8B |
股东权益HSYRCL
| Q1 26 | — | $10.2B | ||
| Q4 25 | $4.6B | $10.0B | ||
| Q3 25 | $4.6B | $10.1B | ||
| Q2 25 | $4.5B | $9.2B | ||
| Q1 25 | $4.7B | $8.0B | ||
| Q4 24 | $4.7B | $7.6B | ||
| Q3 24 | $4.2B | $7.0B | ||
| Q2 24 | $4.0B | $6.0B |
总资产HSYRCL
| Q1 26 | — | $41.6B | ||
| Q4 25 | $13.7B | $41.6B | ||
| Q3 25 | $13.6B | $40.1B | ||
| Q2 25 | $13.6B | $38.5B | ||
| Q1 25 | $14.0B | $37.5B | ||
| Q4 24 | $12.9B | $37.1B | ||
| Q3 24 | $12.6B | $37.1B | ||
| Q2 24 | $12.4B | $37.0B |
负债/权益比HSYRCL
| Q1 26 | — | 2.08× | ||
| Q4 25 | 1.01× | 1.81× | ||
| Q3 25 | 1.02× | 1.70× | ||
| Q2 25 | 1.15× | 1.92× | ||
| Q1 25 | 1.11× | 2.26× | ||
| Q4 24 | 0.68× | 2.44× | ||
| Q3 24 | 0.76× | 2.69× | ||
| Q2 24 | 0.87× | 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 | $926.6M | $6.5B |
| 自由现金流经营现金流 - 资本支出 | $788.5M | — |
| 自由现金流率自由现金流/营收 | 25.5% | — |
| 资本支出强度资本支出/营收 | 4.5% | — |
| 现金转化率经营现金流/净利润 | 2.90× | 8.48× |
| 过去12个月自由现金流最近4个季度 | $1.8B | — |
8季度趋势，按日历期对齐
经营现金流HSYRCL
| Q1 26 | — | $6.5B | ||
| Q4 25 | $926.6M | $1.6B | ||
| Q3 25 | $841.9M | $1.5B | ||
| Q2 25 | $112.2M | $1.7B | ||
| Q1 25 | $396.7M | $1.6B | ||
| Q4 24 | $941.6M | $1.5B | ||
| Q3 24 | $695.3M | $897.0M | ||
| Q2 24 | $325.6M | $1.6B |
自由现金流HSYRCL
| Q1 26 | — | — | ||
| Q4 25 | $788.5M | $116.0M | ||
| Q3 25 | $756.0M | $-989.0M | ||
| Q2 25 | $27.1M | $910.0M | ||
| Q1 25 | $251.2M | $1.2B | ||
| Q4 24 | $807.1M | $915.0M | ||
| Q3 24 | $567.3M | $563.0M | ||
| Q2 24 | $195.5M | $-567.0M |
自由现金流率HSYRCL
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 2.7% | ||
| Q3 25 | 23.8% | -19.2% | ||
| Q2 25 | 1.0% | 20.1% | ||
| Q1 25 | 9.0% | 30.0% | ||
| Q4 24 | 28.0% | 24.3% | ||
| Q3 24 | 19.0% | 11.5% | ||
| Q2 24 | 9.4% | -13.8% |
资本支出强度HSYRCL
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | 35.4% | ||
| Q3 25 | 2.7% | 47.8% | ||
| Q2 25 | 3.3% | 18.4% | ||
| Q1 25 | 5.2% | 10.7% | ||
| Q4 24 | 4.7% | 14.7% | ||
| Q3 24 | 4.3% | 6.8% | ||
| Q2 24 | 6.3% | 52.1% |
现金转化率HSYRCL
| Q1 26 | — | 8.48× | ||
| Q4 25 | 2.90× | 2.16× | ||
| Q3 25 | 3.05× | 0.93× | ||
| Q2 25 | 1.79× | 1.44× | ||
| Q1 25 | 1.77× | 2.23× | ||
| Q4 24 | 1.18× | 2.66× | ||
| Q3 24 | 1.56× | 0.81× | ||
| Q2 24 | 1.80× | 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
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
RCL
暂无分部数据
