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Jacobs Solutions（J）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Jacobs Solutions的1.3倍（$4.3B vs $3.3B），皇家加勒比集团净利率更高（17.7% vs 3.8%，领先13.9%），皇家加勒比集团同比增速更快（13.3% vs 12.3%），Jacobs Solutions自由现金流更多（$364.9M 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 -12.2%）
Jacobs Solutions是总部位于美国得克萨斯州达拉斯市的国际技术专业服务企业，面向全球各类企业、社会组织及政府机构客户，提供工程、技术、专业及施工服务，同时开展科学研究与专项咨询业务，在所属行业长期处于领先地位。
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。
J vs RCL — 直观对比
营收规模更大
RCL
是对方的1.3倍
$3.3B
营收增速更快
RCL
高出1.0%
12.3%
净利率更高
RCL
高出13.9%
3.8%
自由现金流更多
J
多$248.9M
$116.0M
两年增速更快
RCL
近两年复合增速
-12.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.3B | $4.3B |
| 净利润 | $125.5M | $753.0M |
| 毛利率 | 23.2% | 47.4% |
| 营业利润率 | 7.1% | 21.9% |
| 净利率 | 3.8% | 17.7% |
| 营收同比 | 12.3% | 13.3% |
| 净利润同比 | 792.3% | 36.4% |
| 每股收益（稀释后） | $1.12 | $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JRCL
| Q4 25 | $3.3B | $4.3B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.0B | $4.5B | ||
| Q1 25 | $2.9B | $4.0B | ||
| Q4 24 | $2.9B | $3.8B | ||
| Q3 24 | $-1.2B | $4.9B | ||
| Q2 24 | $4.2B | $4.1B | ||
| Q1 24 | $4.3B | $3.7B |
净利润JRCL
| Q4 25 | $125.5M | $753.0M | ||
| Q3 25 | $122.2M | $1.6B | ||
| Q2 25 | $179.6M | $1.2B | ||
| Q1 25 | $5.6M | $730.0M | ||
| Q4 24 | $-18.1M | $552.0M | ||
| Q3 24 | $325.4M | $1.1B | ||
| Q2 24 | $146.9M | $854.0M | ||
| Q1 24 | $162.1M | $360.0M |
毛利率JRCL
| Q4 25 | 23.2% | 47.4% | ||
| Q3 25 | 24.3% | 51.8% | ||
| Q2 25 | 25.0% | 49.7% | ||
| Q1 25 | 25.4% | 48.0% | ||
| Q4 24 | 24.6% | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | 21.7% | 47.6% | ||
| Q1 24 | 21.2% | 44.8% |
营业利润率JRCL
| Q4 25 | 7.1% | 21.9% | ||
| Q3 25 | 6.7% | 33.1% | ||
| Q2 25 | 7.8% | 29.3% | ||
| Q1 25 | 7.2% | 23.6% | ||
| Q4 24 | 7.1% | 16.6% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | 6.2% | 26.7% | ||
| Q1 24 | 6.6% | 20.1% |
净利率JRCL
| Q4 25 | 3.8% | 17.7% | ||
| Q3 25 | 3.9% | 30.6% | ||
| Q2 25 | 5.9% | 26.7% | ||
| Q1 25 | 0.2% | 18.3% | ||
| Q4 24 | -0.6% | 14.7% | ||
| Q3 24 | -28.1% | 22.7% | ||
| Q2 24 | 3.5% | 20.8% | ||
| Q1 24 | 3.8% | 9.7% |
每股收益（稀释后）JRCL
| Q4 25 | $1.12 | $2.76 | ||
| Q3 25 | $0.88 | $5.74 | ||
| Q2 25 | $1.55 | $4.41 | ||
| Q1 25 | $0.06 | $2.70 | ||
| Q4 24 | $-0.11 | $2.27 | ||
| Q3 24 | $2.50 | $4.21 | ||
| Q2 24 | $1.17 | $3.11 | ||
| Q1 24 | $1.28 | $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 | $1.6B | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | $3.4B | $10.0B |
| 总资产 | $11.6B | $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JRCL
| Q4 25 | $1.6B | $825.0M | ||
| Q3 25 | $1.2B | $432.0M | ||
| Q2 25 | $1.3B | $735.0M | ||
| Q1 25 | $1.2B | $386.0M | ||
| Q4 24 | $1.3B | $388.0M | ||
| Q3 24 | $1.1B | $418.0M | ||
| Q2 24 | $1.2B | $391.0M | ||
| Q1 24 | $1.0B | $437.0M |
总债务JRCL
| 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JRCL
| Q4 25 | $3.4B | $10.0B | ||
| Q3 25 | $3.6B | $10.1B | ||
| Q2 25 | $3.8B | $9.2B | ||
| Q1 25 | $3.9B | $8.0B | ||
| Q4 24 | $4.2B | $7.6B | ||
| Q3 24 | $4.5B | $7.0B | ||
| Q2 24 | $6.6B | $6.0B | ||
| Q1 24 | $6.6B | $5.2B |
总资产JRCL
| Q4 25 | $11.6B | $41.6B | ||
| Q3 25 | $11.3B | $40.1B | ||
| Q2 25 | $11.4B | $38.5B | ||
| Q1 25 | $11.2B | $37.5B | ||
| Q4 24 | $11.6B | $37.1B | ||
| Q3 24 | $11.8B | $37.1B | ||
| Q2 24 | $15.0B | $37.0B | ||
| Q1 24 | $14.9B | $35.2B |
负债/权益比JRCL
| 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 | $380.8M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $364.9M | $116.0M |
| 自由现金流率自由现金流/营收 | 11.1% | 2.7% |
| 资本支出强度资本支出/营收 | 0.5% | 35.4% |
| 现金转化率经营现金流/净利润 | 3.03× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $875.3M | $1.2B |
8季度趋势，按日历期对齐
经营现金流JRCL
| Q4 25 | $380.8M | $1.6B | ||
| Q3 25 | $383.1M | $1.5B | ||
| Q2 25 | $292.6M | $1.7B | ||
| Q1 25 | $-96.4M | $1.6B | ||
| Q4 24 | $107.5M | $1.5B | ||
| Q3 24 | $196.5M | $897.0M | ||
| Q2 24 | $482.6M | $1.6B | ||
| Q1 24 | $-42.8M | $1.3B |
自由现金流JRCL
| Q4 25 | $364.9M | $116.0M | ||
| Q3 25 | $353.5M | $-989.0M | ||
| Q2 25 | $270.5M | $910.0M | ||
| Q1 25 | $-113.7M | $1.2B | ||
| Q4 24 | $97.1M | $915.0M | ||
| Q3 24 | $158.2M | $563.0M | ||
| Q2 24 | $444.9M | $-567.0M | ||
| Q1 24 | $-70.6M | $1.1B |
自由现金流率JRCL
| Q4 25 | 11.1% | 2.7% | ||
| Q3 25 | 11.2% | -19.2% | ||
| Q2 25 | 8.9% | 20.1% | ||
| Q1 25 | -3.9% | 30.0% | ||
| Q4 24 | 3.3% | 24.3% | ||
| Q3 24 | -13.6% | 11.5% | ||
| Q2 24 | 10.5% | -13.8% | ||
| Q1 24 | -1.7% | 29.1% |
资本支出强度JRCL
| Q4 25 | 0.5% | 35.4% | ||
| Q3 25 | 0.9% | 47.8% | ||
| Q2 25 | 0.7% | 18.4% | ||
| Q1 25 | 0.6% | 10.7% | ||
| Q4 24 | 0.4% | 14.7% | ||
| Q3 24 | -3.3% | 6.8% | ||
| Q2 24 | 0.9% | 52.1% | ||
| Q1 24 | 0.7% | 6.5% |
现金转化率JRCL
| Q4 25 | 3.03× | 2.16× | ||
| Q3 25 | 3.13× | 0.93× | ||
| Q2 25 | 1.63× | 1.44× | ||
| Q1 25 | -17.18× | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | 0.60× | 0.81× | ||
| Q2 24 | 3.28× | 1.84× | ||
| Q1 24 | -0.26× | 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
J
| Infrastructure Advanced Facilities | $2.9B | 89% |
| PA Consulting | $354.4M | 11% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
