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勤达睿（KD）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勤达睿的1.1倍（$4.3B vs $3.9B），皇家加勒比集团净利率更高（17.7% vs 1.5%，领先16.2%），皇家加勒比集团同比增速更快（13.3% vs 3.1%），勤达睿自由现金流更多（$208.0M 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 0.1%）
勤达睿是总部位于美国纽约的跨国IT基础设施服务提供商，2021年由IBM的基础设施服务业务分拆独立成立。公司业务涵盖大型信息系统的设计、搭建、运维与开发，同时提供商业咨询服务，是目前全球最大的IT基础设施服务提供商、全球第五大咨询服务提供商。
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。
KD vs RCL — 直观对比
营收规模更大
RCL
是对方的1.1倍
$3.9B
营收增速更快
RCL
高出10.2%
3.1%
净利率更高
RCL
高出16.2%
1.5%
自由现金流更多
KD
多$92.0M
$116.0M
两年增速更快
RCL
近两年复合增速
0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.9B | $4.3B |
| 净利润 | $57.0M | $753.0M |
| 毛利率 | 21.8% | 47.4% |
| 营业利润率 | 2.4% | 21.9% |
| 净利率 | 1.5% | 17.7% |
| 营收同比 | 3.1% | 13.3% |
| 净利润同比 | -73.5% | 36.4% |
| 每股收益（稀释后） | $0.25 | $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KDRCL
| Q4 25 | $3.9B | $4.3B | ||
| Q3 25 | $3.7B | $5.1B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.8B | $4.0B | ||
| Q4 24 | $3.7B | $3.8B | ||
| Q3 24 | $3.8B | $4.9B | ||
| Q2 24 | $3.7B | $4.1B | ||
| Q1 24 | $3.9B | $3.7B |
净利润KDRCL
| Q4 25 | $57.0M | $753.0M | ||
| Q3 25 | $68.0M | $1.6B | ||
| Q2 25 | $56.0M | $1.2B | ||
| Q1 25 | $69.0M | $730.0M | ||
| Q4 24 | $215.0M | $552.0M | ||
| Q3 24 | $-43.0M | $1.1B | ||
| Q2 24 | $11.0M | $854.0M | ||
| Q1 24 | $-45.0M | $360.0M |
毛利率KDRCL
| Q4 25 | 21.8% | 47.4% | ||
| Q3 25 | 21.5% | 51.8% | ||
| Q2 25 | 21.3% | 49.7% | ||
| Q1 25 | 21.7% | 48.0% | ||
| Q4 24 | 20.4% | 45.4% | ||
| Q3 24 | 19.9% | 51.1% | ||
| Q2 24 | 21.5% | 47.6% | ||
| Q1 24 | 18.6% | 44.8% |
营业利润率KDRCL
| Q4 25 | 2.4% | 21.9% | ||
| Q3 25 | 2.6% | 33.1% | ||
| Q2 25 | 2.5% | 29.3% | ||
| Q1 25 | 3.1% | 23.6% | ||
| Q4 24 | 6.9% | 16.6% | ||
| Q3 24 | -0.1% | 33.4% | ||
| Q2 24 | 1.7% | 26.7% | ||
| Q1 24 | -0.1% | 20.1% |
净利率KDRCL
| Q4 25 | 1.5% | 17.7% | ||
| Q3 25 | 1.8% | 30.6% | ||
| Q2 25 | 1.5% | 26.7% | ||
| Q1 25 | 1.8% | 18.3% | ||
| Q4 24 | 5.7% | 14.7% | ||
| Q3 24 | -1.1% | 22.7% | ||
| Q2 24 | 0.3% | 20.8% | ||
| Q1 24 | -1.2% | 9.7% |
每股收益（稀释后）KDRCL
| Q4 25 | $0.25 | $2.76 | ||
| Q3 25 | $0.29 | $5.74 | ||
| Q2 25 | $0.23 | $4.41 | ||
| Q1 25 | $0.30 | $2.70 | ||
| Q4 24 | $0.89 | $2.27 | ||
| Q3 24 | $-0.19 | $4.21 | ||
| Q2 24 | $0.05 | $3.11 | ||
| Q1 24 | $-0.19 | $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 | $1.3B | $825.0M |
| 总债务越低越好 | $2.3B | $18.2B |
| 股东权益账面价值 | $1.2B | $10.0B |
| 总资产 | $11.3B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.92× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资KDRCL
| Q4 25 | $1.3B | $825.0M | ||
| Q3 25 | $1.3B | $432.0M | ||
| Q2 25 | $1.5B | $735.0M | ||
| Q1 25 | $1.8B | $386.0M | ||
| Q4 24 | $1.5B | $388.0M | ||
| Q3 24 | $1.3B | $418.0M | ||
| Q2 24 | $1.3B | $391.0M | ||
| Q1 24 | $1.6B | $437.0M |
总债务KDRCL
| Q4 25 | $2.3B | $18.2B | ||
| Q3 25 | $3.0B | $17.2B | ||
| Q2 25 | $3.0B | $17.6B | ||
| Q1 25 | $3.0B | $18.0B | ||
| Q4 24 | $3.1B | $18.5B | ||
| Q3 24 | $3.1B | $19.0B | ||
| Q2 24 | $3.1B | $19.8B | ||
| Q1 24 | $3.1B | $18.9B |
股东权益KDRCL
| Q4 25 | $1.2B | $10.0B | ||
| Q3 25 | $1.2B | $10.1B | ||
| Q2 25 | $1.2B | $9.2B | ||
| Q1 25 | $1.2B | $8.0B | ||
| Q4 24 | $1.1B | $7.6B | ||
| Q3 24 | $1.1B | $7.0B | ||
| Q2 24 | $996.0M | $6.0B | ||
| Q1 24 | $1.0B | $5.2B |
总资产KDRCL
| Q4 25 | $11.3B | $41.6B | ||
| Q3 25 | $11.2B | $40.1B | ||
| Q2 25 | $11.5B | $38.5B | ||
| Q1 25 | $10.5B | $37.5B | ||
| Q4 24 | $9.9B | $37.1B | ||
| Q3 24 | $10.4B | $37.1B | ||
| Q2 24 | $10.2B | $37.0B | ||
| Q1 24 | $10.6B | $35.2B |
负债/权益比KDRCL
| Q4 25 | 1.92× | 1.81× | ||
| Q3 25 | 2.45× | 1.70× | ||
| Q2 25 | 2.44× | 1.92× | ||
| Q1 25 | 2.50× | 2.26× | ||
| Q4 24 | 2.81× | 2.44× | ||
| Q3 24 | 2.92× | 2.69× | ||
| Q2 24 | 3.12× | 3.29× | ||
| Q1 24 | 3.07× | 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 | $428.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $208.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 5.4% | 2.7% |
| 资本支出强度资本支出/营收 | 5.7% | 35.4% |
| 现金转化率经营现金流/净利润 | 7.51× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $299.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流KDRCL
| Q4 25 | $428.0M | $1.6B | ||
| Q3 25 | $146.0M | $1.5B | ||
| Q2 25 | $-124.0M | $1.7B | ||
| Q1 25 | $581.0M | $1.6B | ||
| Q4 24 | $260.0M | $1.5B | ||
| Q3 24 | $149.0M | $897.0M | ||
| Q2 24 | $-48.0M | $1.6B | ||
| Q1 24 | $145.0M | $1.3B |
自由现金流KDRCL
| Q4 25 | $208.0M | $116.0M | ||
| Q3 25 | $17.0M | $-989.0M | ||
| Q2 25 | $-267.0M | $910.0M | ||
| Q1 25 | $341.0M | $1.2B | ||
| Q4 24 | $151.0M | $915.0M | ||
| Q3 24 | $15.0M | $563.0M | ||
| Q2 24 | $-170.0M | $-567.0M | ||
| Q1 24 | $-57.0M | $1.1B |
自由现金流率KDRCL
| Q4 25 | 5.4% | 2.7% | ||
| Q3 25 | 0.5% | -19.2% | ||
| Q2 25 | -7.1% | 20.1% | ||
| Q1 25 | 9.0% | 30.0% | ||
| Q4 24 | 4.0% | 24.3% | ||
| Q3 24 | 0.4% | 11.5% | ||
| Q2 24 | -4.5% | -13.8% | ||
| Q1 24 | -1.5% | 29.1% |
资本支出强度KDRCL
| Q4 25 | 5.7% | 35.4% | ||
| Q3 25 | 3.5% | 47.8% | ||
| Q2 25 | 3.8% | 18.4% | ||
| Q1 25 | 6.3% | 10.7% | ||
| Q4 24 | 2.9% | 14.7% | ||
| Q3 24 | 3.6% | 6.8% | ||
| Q2 24 | 3.3% | 52.1% | ||
| Q1 24 | 5.2% | 6.5% |
现金转化率KDRCL
| Q4 25 | 7.51× | 2.16× | ||
| Q3 25 | 2.15× | 0.93× | ||
| Q2 25 | -2.21× | 1.44× | ||
| Q1 25 | 8.42× | 2.23× | ||
| Q4 24 | 1.21× | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | -4.36× | 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
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
