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ICAHN ENTERPRISES L.P.（IEP）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ICAHN ENTERPRISES L.P.的1.6倍（$4.3B vs $2.7B），皇家加勒比集团净利率更高（17.7% vs 0.0%，领先17.6%），皇家加勒比集团同比增速更快（13.3% vs 5.4%），皇家加勒比集团自由现金流更多（$116.0M vs $-496.0M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 4.5%）
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
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。
IEP vs RCL — 直观对比
营收规模更大
RCL
是对方的1.6倍
$2.7B
营收增速更快
RCL
高出7.9%
5.4%
净利率更高
RCL
高出17.6%
0.0%
自由现金流更多
RCL
多$612.0M
$-496.0M
两年增速更快
RCL
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.3B |
| 净利润 | $1.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 0.6% | 21.9% |
| 净利率 | 0.0% | 17.7% |
| 营收同比 | 5.4% | 13.3% |
| 净利润同比 | 101.0% | 36.4% |
| 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IEPRCL
| Q4 25 | $2.7B | $4.3B | ||
| Q3 25 | $2.7B | $5.1B | ||
| Q2 25 | $2.4B | $4.5B | ||
| Q1 25 | $1.9B | $4.0B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.8B | $4.9B | ||
| Q2 24 | $2.2B | $4.1B | ||
| Q1 24 | $2.5B | $3.7B |
净利润IEPRCL
| Q4 25 | $1.0M | $753.0M | ||
| Q3 25 | $287.0M | $1.6B | ||
| Q2 25 | $-165.0M | $1.2B | ||
| Q1 25 | $-422.0M | $730.0M | ||
| Q4 24 | $-98.0M | $552.0M | ||
| Q3 24 | $22.0M | $1.1B | ||
| Q2 24 | $-331.0M | $854.0M | ||
| Q1 24 | $-38.0M | $360.0M |
毛利率IEPRCL
| 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% | ||
| Q1 24 | — | 44.8% |
营业利润率IEPRCL
| Q4 25 | 0.6% | 21.9% | ||
| Q3 25 | 19.7% | 33.1% | ||
| Q2 25 | -10.4% | 29.3% | ||
| Q1 25 | -35.0% | 23.6% | ||
| Q4 24 | -5.2% | 16.6% | ||
| Q3 24 | 2.4% | 33.4% | ||
| Q2 24 | -21.9% | 26.7% | ||
| Q1 24 | -0.8% | 20.1% |
净利率IEPRCL
| Q4 25 | 0.0% | 17.7% | ||
| Q3 25 | 10.5% | 30.6% | ||
| Q2 25 | -7.0% | 26.7% | ||
| Q1 25 | -22.6% | 18.3% | ||
| Q4 24 | -3.8% | 14.7% | ||
| Q3 24 | 0.8% | 22.7% | ||
| Q2 24 | -15.0% | 20.8% | ||
| Q1 24 | -1.5% | 9.7% |
每股收益（稀释后）IEPRCL
| 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 | ||
| Q1 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 | $1.4B | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | — | $10.0B |
| 总资产 | $14.2B | $41.6B |
| 负债/权益比越低杠杆越低 | — | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资IEPRCL
| Q4 25 | $1.4B | $825.0M | ||
| Q3 25 | $1.8B | $432.0M | ||
| Q2 25 | $1.8B | $735.0M | ||
| Q1 25 | $2.2B | $386.0M | ||
| Q4 24 | $2.6B | $388.0M | ||
| Q3 24 | $2.3B | $418.0M | ||
| Q2 24 | $2.2B | $391.0M | ||
| Q1 24 | $2.5B | $437.0M |
总债务IEPRCL
| 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 | ||
| Q1 24 | — | $18.9B |
股东权益IEPRCL
| Q4 25 | — | $10.0B | ||
| Q3 25 | — | $10.1B | ||
| Q2 25 | — | $9.2B | ||
| Q1 25 | — | $8.0B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.0B | ||
| Q1 24 | — | $5.2B |
总资产IEPRCL
| Q4 25 | $14.2B | $41.6B | ||
| Q3 25 | $14.8B | $40.1B | ||
| Q2 25 | $14.8B | $38.5B | ||
| Q1 25 | $15.5B | $37.5B | ||
| Q4 24 | $16.3B | $37.1B | ||
| Q3 24 | $17.4B | $37.1B | ||
| Q2 24 | $18.0B | $37.0B | ||
| Q1 24 | $20.1B | $35.2B |
负债/权益比IEPRCL
| 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× | ||
| Q1 24 | — | 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 | $-421.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-496.0M | $116.0M |
| 自由现金流率自由现金流/营收 | -18.4% | 2.7% |
| 资本支出强度资本支出/营收 | 2.8% | 35.4% |
| 现金转化率经营现金流/净利润 | -421.00× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $-654.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流IEPRCL
| Q4 25 | $-421.0M | $1.6B | ||
| Q3 25 | $15.0M | $1.5B | ||
| Q2 25 | $275.0M | $1.7B | ||
| Q1 25 | $-182.0M | $1.6B | ||
| Q4 24 | $244.0M | $1.5B | ||
| Q3 24 | $-54.0M | $897.0M | ||
| Q2 24 | $893.0M | $1.6B | ||
| Q1 24 | $-251.0M | $1.3B |
自由现金流IEPRCL
| Q4 25 | $-496.0M | $116.0M | ||
| Q3 25 | $-67.0M | $-989.0M | ||
| Q2 25 | $179.0M | $910.0M | ||
| Q1 25 | $-270.0M | $1.2B | ||
| Q4 24 | $156.0M | $915.0M | ||
| Q3 24 | $-112.0M | $563.0M | ||
| Q2 24 | $827.0M | $-567.0M | ||
| Q1 24 | $-319.0M | $1.1B |
自由现金流率IEPRCL
| Q4 25 | -18.4% | 2.7% | ||
| Q3 25 | -2.5% | -19.2% | ||
| Q2 25 | 7.6% | 20.1% | ||
| Q1 25 | -14.5% | 30.0% | ||
| Q4 24 | 6.1% | 24.3% | ||
| Q3 24 | -4.0% | 11.5% | ||
| Q2 24 | 37.6% | -13.8% | ||
| Q1 24 | -12.9% | 29.1% |
资本支出强度IEPRCL
| Q4 25 | 2.8% | 35.4% | ||
| Q3 25 | 3.0% | 47.8% | ||
| Q2 25 | 4.1% | 18.4% | ||
| Q1 25 | 4.7% | 10.7% | ||
| Q4 24 | 3.4% | 14.7% | ||
| Q3 24 | 2.1% | 6.8% | ||
| Q2 24 | 3.0% | 52.1% | ||
| Q1 24 | 2.8% | 6.5% |
现金转化率IEPRCL
| Q4 25 | -421.00× | 2.16× | ||
| Q3 25 | 0.05× | 0.93× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | -2.45× | 0.81× | ||
| Q2 24 | — | 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
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 0% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
