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捷普（JBL）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
捷普的季度营收约是皇家加勒比集团的1.9倍（$8.3B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 1.8%，领先15.9%），捷普同比增速更快（18.7% vs 13.3%），捷普自由现金流更多（$228.0M vs $116.0M），过去两年捷普的营收复合增速更高（10.8% vs 6.9%）
捷普（Jabil Inc.）是美国跨国制造企业，业务涵盖电子电路板组件及系统的设计、研发与生产，同时提供供应链服务，核心客户以原始设备制造商（OEM）为主。公司总部位于佛罗里达州圣彼得堡Gateway区域，是坦帕湾地区规模最大的企业之一。
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。
JBL vs RCL — 直观对比
营收规模更大
JBL
是对方的1.9倍
$4.3B
营收增速更快
JBL
高出5.5%
13.3%
净利率更高
RCL
高出15.9%
1.8%
自由现金流更多
JBL
多$112.0M
$116.0M
两年增速更快
JBL
近两年复合增速
6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.3B | $4.3B |
| 净利润 | $146.0M | $753.0M |
| 毛利率 | 8.9% | 47.4% |
| 营业利润率 | 3.4% | 21.9% |
| 净利率 | 1.8% | 17.7% |
| 营收同比 | 18.7% | 13.3% |
| 净利润同比 | 46.0% | 36.4% |
| 每股收益（稀释后） | $1.35 | $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JBLRCL
| Q4 25 | $8.3B | $4.3B | ||
| Q3 25 | $8.3B | $5.1B | ||
| Q2 25 | $7.8B | $4.5B | ||
| Q1 25 | $6.7B | $4.0B | ||
| Q4 24 | $7.0B | $3.8B | ||
| Q3 24 | $7.0B | $4.9B | ||
| Q2 24 | $6.8B | $4.1B | ||
| Q1 24 | $6.8B | $3.7B |
净利润JBLRCL
| Q4 25 | $146.0M | $753.0M | ||
| Q3 25 | $218.0M | $1.6B | ||
| Q2 25 | $222.0M | $1.2B | ||
| Q1 25 | $117.0M | $730.0M | ||
| Q4 24 | $100.0M | $552.0M | ||
| Q3 24 | $138.0M | $1.1B | ||
| Q2 24 | $129.0M | $854.0M | ||
| Q1 24 | $927.0M | $360.0M |
毛利率JBLRCL
| Q4 25 | 8.9% | 47.4% | ||
| Q3 25 | 9.5% | 51.8% | ||
| Q2 25 | 8.7% | 49.7% | ||
| Q1 25 | 8.6% | 48.0% | ||
| Q4 24 | 8.7% | 45.4% | ||
| Q3 24 | 9.5% | 51.1% | ||
| Q2 24 | 9.0% | 47.6% | ||
| Q1 24 | 9.3% | 44.8% |
营业利润率JBLRCL
| Q4 25 | 3.4% | 21.9% | ||
| Q3 25 | 4.1% | 33.1% | ||
| Q2 25 | 5.1% | 29.3% | ||
| Q1 25 | 3.6% | 23.6% | ||
| Q4 24 | 2.8% | 16.6% | ||
| Q3 24 | 4.6% | 33.4% | ||
| Q2 24 | 3.9% | 26.7% | ||
| Q1 24 | 16.7% | 20.1% |
净利率JBLRCL
| Q4 25 | 1.8% | 17.7% | ||
| Q3 25 | 2.6% | 30.6% | ||
| Q2 25 | 2.8% | 26.7% | ||
| Q1 25 | 1.7% | 18.3% | ||
| Q4 24 | 1.4% | 14.7% | ||
| Q3 24 | 2.0% | 22.7% | ||
| Q2 24 | 1.9% | 20.8% | ||
| Q1 24 | 13.7% | 9.7% |
每股收益（稀释后）JBLRCL
| Q4 25 | $1.35 | $2.76 | ||
| Q3 25 | $1.95 | $5.74 | ||
| Q2 25 | $2.03 | $4.41 | ||
| Q1 25 | $1.06 | $2.70 | ||
| Q4 24 | $0.88 | $2.27 | ||
| Q3 24 | $1.33 | $4.21 | ||
| Q2 24 | $1.06 | $3.11 | ||
| Q1 24 | $7.31 | $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 | $2.9B | $18.2B |
| 股东权益账面价值 | $1.3B | $10.0B |
| 总资产 | $19.3B | $41.6B |
| 负债/权益比越低杠杆越低 | 2.15× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资JBLRCL
| Q4 25 | $1.6B | $825.0M | ||
| Q3 25 | $1.9B | $432.0M | ||
| Q2 25 | $1.5B | $735.0M | ||
| Q1 25 | $1.6B | $386.0M | ||
| Q4 24 | $2.1B | $388.0M | ||
| Q3 24 | $2.2B | $418.0M | ||
| Q2 24 | $2.5B | $391.0M | ||
| Q1 24 | $2.6B | $437.0M |
总债务JBLRCL
| Q4 25 | $2.9B | $18.2B | ||
| Q3 25 | $2.9B | $17.2B | ||
| Q2 25 | $2.9B | $17.6B | ||
| Q1 25 | $2.9B | $18.0B | ||
| Q4 24 | $2.9B | $18.5B | ||
| Q3 24 | $2.9B | $19.0B | ||
| Q2 24 | $2.9B | $19.8B | ||
| Q1 24 | $2.9B | $18.9B |
股东权益JBLRCL
| Q4 25 | $1.3B | $10.0B | ||
| Q3 25 | $1.5B | $10.1B | ||
| Q2 25 | $1.3B | $9.2B | ||
| Q1 25 | $1.4B | $8.0B | ||
| Q4 24 | $1.6B | $7.6B | ||
| Q3 24 | $1.7B | $7.0B | ||
| Q2 24 | $2.3B | $6.0B | ||
| Q1 24 | $2.7B | $5.2B |
总资产JBLRCL
| Q4 25 | $19.3B | $41.6B | ||
| Q3 25 | $18.5B | $40.1B | ||
| Q2 25 | $18.6B | $38.5B | ||
| Q1 25 | $17.4B | $37.5B | ||
| Q4 24 | $17.8B | $37.1B | ||
| Q3 24 | $17.4B | $37.1B | ||
| Q2 24 | $17.4B | $37.0B | ||
| Q1 24 | $17.1B | $35.2B |
负债/权益比JBLRCL
| Q4 25 | 2.15× | 1.81× | ||
| Q3 25 | 1.91× | 1.70× | ||
| Q2 25 | 2.24× | 1.92× | ||
| Q1 25 | 2.12× | 2.26× | ||
| Q4 24 | 1.81× | 2.44× | ||
| Q3 24 | 1.66× | 2.69× | ||
| Q2 24 | 1.26× | 3.29× | ||
| Q1 24 | 1.08× | 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 | $323.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $228.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 2.7% | 2.7% |
| 资本支出强度资本支出/营收 | 1.1% | 35.4% |
| 现金转化率经营现金流/净利润 | 2.21× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.2B |
8季度趋势，按日历期对齐
经营现金流JBLRCL
| Q4 25 | $323.0M | $1.6B | ||
| Q3 25 | $588.0M | $1.5B | ||
| Q2 25 | $406.0M | $1.7B | ||
| Q1 25 | $334.0M | $1.6B | ||
| Q4 24 | $312.0M | $1.5B | ||
| Q3 24 | $535.0M | $897.0M | ||
| Q2 24 | $515.0M | $1.6B | ||
| Q1 24 | $218.0M | $1.3B |
自由现金流JBLRCL
| Q4 25 | $228.0M | $116.0M | ||
| Q3 25 | $419.0M | $-989.0M | ||
| Q2 25 | $320.0M | $910.0M | ||
| Q1 25 | $218.0M | $1.2B | ||
| Q4 24 | $215.0M | $915.0M | ||
| Q3 24 | $411.0M | $563.0M | ||
| Q2 24 | $409.0M | $-567.0M | ||
| Q1 24 | $-48.0M | $1.1B |
自由现金流率JBLRCL
| Q4 25 | 2.7% | 2.7% | ||
| Q3 25 | 5.1% | -19.2% | ||
| Q2 25 | 4.1% | 20.1% | ||
| Q1 25 | 3.2% | 30.0% | ||
| Q4 24 | 3.1% | 24.3% | ||
| Q3 24 | 5.9% | 11.5% | ||
| Q2 24 | 6.0% | -13.8% | ||
| Q1 24 | -0.7% | 29.1% |
资本支出强度JBLRCL
| Q4 25 | 1.1% | 35.4% | ||
| Q3 25 | 2.0% | 47.8% | ||
| Q2 25 | 1.1% | 18.4% | ||
| Q1 25 | 1.7% | 10.7% | ||
| Q4 24 | 1.4% | 14.7% | ||
| Q3 24 | 1.8% | 6.8% | ||
| Q2 24 | 1.6% | 52.1% | ||
| Q1 24 | 3.9% | 6.5% |
现金转化率JBLRCL
| Q4 25 | 2.21× | 2.16× | ||
| Q3 25 | 2.70× | 0.93× | ||
| Q2 25 | 1.83× | 1.44× | ||
| Q1 25 | 2.85× | 2.23× | ||
| Q4 24 | 3.12× | 2.66× | ||
| Q3 24 | 3.88× | 0.81× | ||
| Q2 24 | 3.99× | 1.84× | ||
| Q1 24 | 0.24× | 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
JBL
| Intelligent Infrastructure | $4.0B | 49% |
| Transferred Over Time | $2.9B | 35% |
| Connected Living And Digital Commerce | $1.2B | 15% |
| Transferred At Point In Time | $127.0M | 2% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
