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J.B. Hunt（JBHT）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J.B. Hunt的1.4倍（$4.3B vs $3.1B），皇家加勒比集团净利率更高（17.7% vs 5.8%，领先11.8%），皇家加勒比集团同比增速更快（13.3% vs -1.6%），J.B. Hunt自由现金流更多（$251.3M 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 2.6%）
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
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。
JBHT 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14.9%
-1.6%
净利率更高
RCL
高出11.8%
5.8%
自由现金流更多
JBHT
多$135.3M
$116.0M
两年增速更快
RCL
近两年复合增速
2.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.3B |
| 净利润 | $181.1M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 8.0% | 21.9% |
| 净利率 | 5.8% | 17.7% |
| 营收同比 | -1.6% | 13.3% |
| 净利润同比 | 16.5% | 36.4% |
| 每股收益（稀释后） | $1.88 | $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JBHTRCL
| Q4 25 | $3.1B | $4.3B | ||
| Q3 25 | $3.1B | $5.1B | ||
| Q2 25 | $2.9B | $4.5B | ||
| Q1 25 | $2.9B | $4.0B | ||
| Q4 24 | $3.1B | $3.8B | ||
| Q3 24 | $3.1B | $4.9B | ||
| Q2 24 | $2.9B | $4.1B | ||
| Q1 24 | $2.9B | $3.7B |
净利润JBHTRCL
| Q4 25 | $181.1M | $753.0M | ||
| Q3 25 | $170.8M | $1.6B | ||
| Q2 25 | $128.6M | $1.2B | ||
| Q1 25 | $117.7M | $730.0M | ||
| Q4 24 | $155.5M | $552.0M | ||
| Q3 24 | $152.1M | $1.1B | ||
| Q2 24 | $135.9M | $854.0M | ||
| Q1 24 | $127.5M | $360.0M |
毛利率JBHTRCL
| 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JBHTRCL
| Q4 25 | 8.0% | 21.9% | ||
| Q3 25 | 7.9% | 33.1% | ||
| Q2 25 | 6.7% | 29.3% | ||
| Q1 25 | 6.1% | 23.6% | ||
| Q4 24 | 6.6% | 16.6% | ||
| Q3 24 | 7.3% | 33.4% | ||
| Q2 24 | 7.0% | 26.7% | ||
| Q1 24 | 6.6% | 20.1% |
净利率JBHTRCL
| Q4 25 | 5.8% | 17.7% | ||
| Q3 25 | 5.6% | 30.6% | ||
| Q2 25 | 4.4% | 26.7% | ||
| Q1 25 | 4.0% | 18.3% | ||
| Q4 24 | 4.9% | 14.7% | ||
| Q3 24 | 5.0% | 22.7% | ||
| Q2 24 | 4.6% | 20.8% | ||
| Q1 24 | 4.3% | 9.7% |
每股收益（稀释后）JBHTRCL
| Q4 25 | $1.88 | $2.76 | ||
| Q3 25 | $1.76 | $5.74 | ||
| Q2 25 | $1.31 | $4.41 | ||
| Q1 25 | $1.17 | $2.70 | ||
| Q4 24 | $1.53 | $2.27 | ||
| Q3 24 | $1.49 | $4.21 | ||
| Q2 24 | $1.32 | $3.11 | ||
| Q1 24 | $1.22 | $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 | $17.3M | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | $3.6B | $10.0B |
| 总资产 | $7.9B | $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JBHTRCL
| Q4 25 | $17.3M | $825.0M | ||
| Q3 25 | $52.3M | $432.0M | ||
| Q2 25 | $50.9M | $735.0M | ||
| Q1 25 | $43.4M | $386.0M | ||
| Q4 24 | $47.0M | $388.0M | ||
| Q3 24 | $120.0M | $418.0M | ||
| Q2 24 | $53.5M | $391.0M | ||
| Q1 24 | $64.2M | $437.0M |
总债务JBHTRCL
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $977.7M | $18.5B | ||
| Q3 24 | $1.0B | $19.0B | ||
| Q2 24 | $1.5B | $19.8B | ||
| Q1 24 | $1.4B | $18.9B |
股东权益JBHTRCL
| Q4 25 | $3.6B | $10.0B | ||
| Q3 25 | $3.6B | $10.1B | ||
| Q2 25 | $3.7B | $9.2B | ||
| Q1 25 | $3.9B | $8.0B | ||
| Q4 24 | $4.0B | $7.6B | ||
| Q3 24 | $4.0B | $7.0B | ||
| Q2 24 | $4.1B | $6.0B | ||
| Q1 24 | $4.2B | $5.2B |
总资产JBHTRCL
| Q4 25 | $7.9B | $41.6B | ||
| Q3 25 | $8.1B | $40.1B | ||
| Q2 25 | $8.2B | $38.5B | ||
| Q1 25 | $8.3B | $37.5B | ||
| Q4 24 | $8.3B | $37.1B | ||
| Q3 24 | $8.3B | $37.1B | ||
| Q2 24 | $8.4B | $37.0B | ||
| Q1 24 | $8.4B | $35.2B |
负债/权益比JBHTRCL
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 0.24× | 2.44× | ||
| Q3 24 | 0.26× | 2.69× | ||
| Q2 24 | 0.36× | 3.29× | ||
| Q1 24 | 0.33× | 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 | $385.6M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $116.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 2.7% |
| 资本支出强度资本支出/营收 | 4.3% | 35.4% |
| 现金转化率经营现金流/净利润 | 2.13× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $1.2B |
8季度趋势，按日历期对齐
经营现金流JBHTRCL
| Q4 25 | $385.6M | $1.6B | ||
| Q3 25 | $486.4M | $1.5B | ||
| Q2 25 | $402.1M | $1.7B | ||
| Q1 25 | $404.2M | $1.6B | ||
| Q4 24 | $317.6M | $1.5B | ||
| Q3 24 | $338.5M | $897.0M | ||
| Q2 24 | $360.6M | $1.6B | ||
| Q1 24 | $466.5M | $1.3B |
自由现金流JBHTRCL
| Q4 25 | $251.3M | $116.0M | ||
| Q3 25 | $352.4M | $-989.0M | ||
| Q2 25 | $185.6M | $910.0M | ||
| Q1 25 | $158.4M | $1.2B | ||
| Q4 24 | $93.3M | $915.0M | ||
| Q3 24 | $163.1M | $563.0M | ||
| Q2 24 | $98.2M | $-567.0M | ||
| Q1 24 | $263.1M | $1.1B |
自由现金流率JBHTRCL
| Q4 25 | 8.1% | 2.7% | ||
| Q3 25 | 11.5% | -19.2% | ||
| Q2 25 | 6.3% | 20.1% | ||
| Q1 25 | 5.4% | 30.0% | ||
| Q4 24 | 3.0% | 24.3% | ||
| Q3 24 | 5.3% | 11.5% | ||
| Q2 24 | 3.4% | -13.8% | ||
| Q1 24 | 8.9% | 29.1% |
资本支出强度JBHTRCL
| Q4 25 | 4.3% | 35.4% | ||
| Q3 25 | 4.4% | 47.8% | ||
| Q2 25 | 7.4% | 18.4% | ||
| Q1 25 | 8.4% | 10.7% | ||
| Q4 24 | 7.1% | 14.7% | ||
| Q3 24 | 5.7% | 6.8% | ||
| Q2 24 | 9.0% | 52.1% | ||
| Q1 24 | 6.9% | 6.5% |
现金转化率JBHTRCL
| Q4 25 | 2.13× | 2.16× | ||
| Q3 25 | 2.85× | 0.93× | ||
| Q2 25 | 3.13× | 1.44× | ||
| Q1 25 | 3.43× | 2.23× | ||
| Q4 24 | 2.04× | 2.66× | ||
| Q3 24 | 2.23× | 0.81× | ||
| Q2 24 | 2.65× | 1.84× | ||
| Q1 24 | 3.66× | 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
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
