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洲际交易所（ICE）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洲际交易所的1.2倍（$4.5B vs $3.7B），洲际交易所净利率更高（39.1% vs 21.3%，领先17.7%），洲际交易所同比增速更快（13.5% vs 11.3%），过去两年洲际交易所的营收复合增速更高（12.5% vs 4.1%）
洲际交易所（ICE）是2000年成立的美国跨国金融服务企业，运营全球金融交易所与清算所，提供抵押技术、数据及上市服务，位列财富500强、标普500及罗素1000指数成分股，旗下拥有金融及大宗商品市场交易所，运营12家受监管的交易场所，业务覆盖美加欧等多地期货市场。
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。
ICE vs RCL — 直观对比
营收规模更大
RCL
是对方的1.2倍
$3.7B
营收增速更快
ICE
高出2.2%
11.3%
净利率更高
ICE
高出17.7%
21.3%
两年增速更快
ICE
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $4.5B |
| 净利润 | $1.4B | $950.0M |
| 毛利率 | — | — |
| 营业利润率 | 45.4% | 26.1% |
| 净利率 | 39.1% | 21.3% |
| 营收同比 | 13.5% | 11.3% |
| 净利润同比 | 76.4% | 29.1% |
| 每股收益（稀释后） | $2.48 | $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ICERCL
| Q1 26 | $3.7B | $4.5B | ||
| Q4 25 | $3.1B | $4.3B | ||
| Q3 25 | $3.0B | $5.1B | ||
| Q2 25 | $3.3B | $4.5B | ||
| Q1 25 | $3.2B | $4.0B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $3.0B | $4.9B | ||
| Q2 24 | $2.9B | $4.1B |
净利润ICERCL
| Q1 26 | $1.4B | $950.0M | ||
| Q4 25 | $851.0M | $753.0M | ||
| Q3 25 | $816.0M | $1.6B | ||
| Q2 25 | $851.0M | $1.2B | ||
| Q1 25 | $797.0M | $730.0M | ||
| Q4 24 | $698.0M | $552.0M | ||
| Q3 24 | $657.0M | $1.1B | ||
| Q2 24 | $632.0M | $854.0M |
毛利率ICERCL
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
营业利润率ICERCL
| Q1 26 | 45.4% | 26.1% | ||
| Q4 25 | 39.4% | 21.9% | ||
| Q3 25 | 39.0% | 33.1% | ||
| Q2 25 | 39.8% | 29.3% | ||
| Q1 25 | 37.8% | 23.6% | ||
| Q4 24 | 35.5% | 16.6% | ||
| Q3 24 | 36.4% | 33.4% | ||
| Q2 24 | 36.8% | 26.7% |
净利率ICERCL
| Q1 26 | 39.1% | 21.3% | ||
| Q4 25 | 27.1% | 17.7% | ||
| Q3 25 | 27.1% | 30.6% | ||
| Q2 25 | 26.1% | 26.7% | ||
| Q1 25 | 24.7% | 18.3% | ||
| Q4 24 | 23.0% | 14.7% | ||
| Q3 24 | 21.7% | 22.7% | ||
| Q2 24 | 21.8% | 20.8% |
每股收益（稀释后）ICERCL
| Q1 26 | $2.48 | $3.48 | ||
| Q4 25 | $1.49 | $2.76 | ||
| Q3 25 | $1.42 | $5.74 | ||
| Q2 25 | $1.48 | $4.41 | ||
| Q1 25 | $1.38 | $2.70 | ||
| Q4 24 | $1.21 | $2.27 | ||
| Q3 24 | $1.14 | $4.21 | ||
| Q2 24 | $1.10 | $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 | $863.0M | $512.0M |
| 总债务越低越好 | $20.4B | $21.1B |
| 股东权益账面价值 | $29.5M | $10.0B |
| 总资产 | $179.2B | $42.0B |
| 负债/权益比越低杠杆越低 | 689.81× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资ICERCL
| Q1 26 | $863.0M | $512.0M | ||
| Q4 25 | $837.0M | $825.0M | ||
| Q3 25 | $850.0M | $432.0M | ||
| Q2 25 | $1.0B | $735.0M | ||
| Q1 25 | $783.0M | $386.0M | ||
| Q4 24 | $844.0M | $388.0M | ||
| Q3 24 | $755.0M | $418.0M | ||
| Q2 24 | $885.0M | $391.0M |
总债务ICERCL
| Q1 26 | $20.4B | $21.1B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益ICERCL
| Q1 26 | $29.5M | $10.0B | ||
| Q4 25 | $28.9B | $10.0B | ||
| Q3 25 | $28.6B | $10.1B | ||
| Q2 25 | $28.4B | $9.2B | ||
| Q1 25 | $28.0B | $8.0B | ||
| Q4 24 | $27.6B | $7.6B | ||
| Q3 24 | $27.2B | $7.0B | ||
| Q2 24 | $26.7B | $6.0B |
总资产ICERCL
| Q1 26 | $179.2B | $42.0B | ||
| Q4 25 | $136.9B | $41.6B | ||
| Q3 25 | $140.9B | $40.1B | ||
| Q2 25 | $144.2B | $38.5B | ||
| Q1 25 | $142.9B | $37.5B | ||
| Q4 24 | $139.4B | $37.1B | ||
| Q3 24 | $135.2B | $37.1B | ||
| Q2 24 | $137.7B | $37.0B |
负债/权益比ICERCL
| Q1 26 | 689.81× | 2.11× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 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 | $1.3B | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $1.1B | — |
| 自由现金流率自由现金流/营收 | 31.4% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 0.93× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $4.6B | — |
8季度趋势，按日历期对齐
经营现金流ICERCL
| Q1 26 | $1.3B | $1.8B | ||
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $915.0M | $1.5B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $966.0M | $1.6B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $898.0M | $897.0M | ||
| Q2 24 | $1.2B | $1.6B |
自由现金流ICERCL
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $116.0M | ||
| Q3 25 | $853.0M | $-989.0M | ||
| Q2 25 | $1.4B | $910.0M | ||
| Q1 25 | $881.0M | $1.2B | ||
| Q4 24 | $1.3B | $915.0M | ||
| Q3 24 | $819.0M | $563.0M | ||
| Q2 24 | $1.1B | $-567.0M |
自由现金流率ICERCL
| Q1 26 | 31.4% | — | ||
| Q4 25 | 35.3% | 2.7% | ||
| Q3 25 | 28.4% | -19.2% | ||
| Q2 25 | 44.3% | 20.1% | ||
| Q1 25 | 27.3% | 30.0% | ||
| Q4 24 | 43.3% | 24.3% | ||
| Q3 24 | 27.0% | 11.5% | ||
| Q2 24 | 38.7% | -13.8% |
资本支出强度ICERCL
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 35.4% | ||
| Q3 25 | 2.1% | 47.8% | ||
| Q2 25 | 1.8% | 18.4% | ||
| Q1 25 | 2.6% | 10.7% | ||
| Q4 24 | 6.4% | 14.7% | ||
| Q3 24 | 2.6% | 6.8% | ||
| Q2 24 | 2.6% | 52.1% |
现金转化率ICERCL
| Q1 26 | 0.93× | 1.93× | ||
| Q4 25 | 1.50× | 2.16× | ||
| Q3 25 | 1.12× | 0.93× | ||
| Q2 25 | 1.77× | 1.44× | ||
| Q1 25 | 1.21× | 2.23× | ||
| Q4 24 | 2.16× | 2.66× | ||
| Q3 24 | 1.37× | 0.81× | ||
| Q2 24 | 1.89× | 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
ICE
| Exchanges | $2.5B | 67% |
| Fixed income and data services | $657.0M | 18% |
| Mortgage technology | $539.0M | 15% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
