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KIRBY CORP（KEX）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KIRBY CORP的5.0倍（$4.3B vs $851.8M）。皇家加勒比集团净利率更高（17.7% vs 10.8%，领先6.9%）。皇家加勒比集团同比增速更快（13.3% vs 6.2%）。KIRBY CORP自由现金流更多（$265.2M 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 2.7%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
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。
KEX vs RCL — 直观对比
营收规模更大
RCL
是对方的5.0倍
$851.8M
营收增速更快
RCL
高出7.1%
6.2%
净利率更高
RCL
高出6.9%
10.8%
自由现金流更多
KEX
多$149.2M
$116.0M
两年增速更快
RCL
近两年复合增速
2.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $4.3B |
| 净利润 | $91.8M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 15.2% | 21.9% |
| 净利率 | 10.8% | 17.7% |
| 营收同比 | 6.2% | 13.3% |
| 净利润同比 | 114.4% | 36.4% |
| 每股收益（稀释后） | $1.68 | $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KEXRCL
| Q4 25 | $851.8M | $4.3B | ||
| Q3 25 | $871.2M | $5.1B | ||
| Q2 25 | $855.5M | $4.5B | ||
| Q1 25 | $785.7M | $4.0B | ||
| Q4 24 | $802.3M | $3.8B | ||
| Q3 24 | $831.1M | $4.9B | ||
| Q2 24 | $824.4M | $4.1B | ||
| Q1 24 | $808.0M | $3.7B |
净利润KEXRCL
| Q4 25 | $91.8M | $753.0M | ||
| Q3 25 | $92.5M | $1.6B | ||
| Q2 25 | $94.3M | $1.2B | ||
| Q1 25 | $76.0M | $730.0M | ||
| Q4 24 | $42.8M | $552.0M | ||
| Q3 24 | $90.0M | $1.1B | ||
| Q2 24 | $83.9M | $854.0M | ||
| Q1 24 | $70.1M | $360.0M |
毛利率KEXRCL
| 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KEXRCL
| Q4 25 | 15.2% | 21.9% | ||
| Q3 25 | 14.8% | 33.1% | ||
| Q2 25 | 15.4% | 29.3% | ||
| Q1 25 | 13.4% | 23.6% | ||
| Q4 24 | 6.3% | 16.6% | ||
| Q3 24 | 15.3% | 33.4% | ||
| Q2 24 | 14.6% | 26.7% | ||
| Q1 24 | 12.6% | 20.1% |
净利率KEXRCL
| Q4 25 | 10.8% | 17.7% | ||
| Q3 25 | 10.6% | 30.6% | ||
| Q2 25 | 11.0% | 26.7% | ||
| Q1 25 | 9.7% | 18.3% | ||
| Q4 24 | 5.3% | 14.7% | ||
| Q3 24 | 10.8% | 22.7% | ||
| Q2 24 | 10.2% | 20.8% | ||
| Q1 24 | 8.7% | 9.7% |
每股收益（稀释后）KEXRCL
| Q4 25 | $1.68 | $2.76 | ||
| Q3 25 | $1.65 | $5.74 | ||
| Q2 25 | $1.67 | $4.41 | ||
| Q1 25 | $1.33 | $2.70 | ||
| Q4 24 | $0.74 | $2.27 | ||
| Q3 24 | $1.55 | $4.21 | ||
| Q2 24 | $1.43 | $3.11 | ||
| Q1 24 | $1.19 | $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 | $78.8M | $825.0M |
| 总债务越低越好 | $919.3M | $18.2B |
| 股东权益账面价值 | $3.4B | $10.0B |
| 总资产 | $6.0B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.27× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资KEXRCL
| Q4 25 | $78.8M | $825.0M | ||
| Q3 25 | $47.0M | $432.0M | ||
| Q2 25 | $68.4M | $735.0M | ||
| Q1 25 | $51.1M | $386.0M | ||
| Q4 24 | $74.4M | $388.0M | ||
| Q3 24 | $67.1M | $418.0M | ||
| Q2 24 | $53.5M | $391.0M | ||
| Q1 24 | $75.2M | $437.0M |
总债务KEXRCL
| Q4 25 | $919.3M | $18.2B | ||
| Q3 25 | $1.0B | $17.2B | ||
| Q2 25 | $1.1B | $17.6B | ||
| Q1 25 | $1.1B | $18.0B | ||
| Q4 24 | $874.9M | $18.5B | ||
| Q3 24 | $978.6M | $19.0B | ||
| Q2 24 | $1.0B | $19.8B | ||
| Q1 24 | $1.1B | $18.9B |
股东权益KEXRCL
| Q4 25 | $3.4B | $10.0B | ||
| Q3 25 | $3.4B | $10.1B | ||
| Q2 25 | $3.4B | $9.2B | ||
| Q1 25 | $3.3B | $8.0B | ||
| Q4 24 | $3.4B | $7.6B | ||
| Q3 24 | $3.3B | $7.0B | ||
| Q2 24 | $3.3B | $6.0B | ||
| Q1 24 | $3.2B | $5.2B |
总资产KEXRCL
| Q4 25 | $6.0B | $41.6B | ||
| Q3 25 | $6.1B | $40.1B | ||
| Q2 25 | $6.1B | $38.5B | ||
| Q1 25 | $6.0B | $37.5B | ||
| Q4 24 | $5.9B | $37.1B | ||
| Q3 24 | $5.9B | $37.1B | ||
| Q2 24 | $5.9B | $37.0B | ||
| Q1 24 | $5.8B | $35.2B |
负债/权益比KEXRCL
| Q4 25 | 0.27× | 1.81× | ||
| Q3 25 | 0.31× | 1.70× | ||
| Q2 25 | 0.33× | 1.92× | ||
| Q1 25 | 0.33× | 2.26× | ||
| Q4 24 | 0.26× | 2.44× | ||
| Q3 24 | 0.30× | 2.69× | ||
| Q2 24 | 0.32× | 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 | $312.2M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $116.0M |
| 自由现金流率自由现金流/营收 | 31.1% | 2.7% |
| 资本支出强度资本支出/营收 | 5.5% | 35.4% |
| 现金转化率经营现金流/净利润 | 3.40× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $405.7M | $1.2B |
8季度趋势，按日历期对齐
经营现金流KEXRCL
| Q4 25 | $312.2M | $1.6B | ||
| Q3 25 | $227.5M | $1.5B | ||
| Q2 25 | $93.9M | $1.7B | ||
| Q1 25 | $36.5M | $1.6B | ||
| Q4 24 | $247.4M | $1.5B | ||
| Q3 24 | $206.5M | $897.0M | ||
| Q2 24 | $179.3M | $1.6B | ||
| Q1 24 | $123.3M | $1.3B |
自由现金流KEXRCL
| Q4 25 | $265.2M | $116.0M | ||
| Q3 25 | $160.3M | $-989.0M | ||
| Q2 25 | $22.4M | $910.0M | ||
| Q1 25 | $-42.1M | $1.2B | ||
| Q4 24 | $150.7M | $915.0M | ||
| Q3 24 | $130.1M | $563.0M | ||
| Q2 24 | $90.8M | $-567.0M | ||
| Q1 24 | $42.2M | $1.1B |
自由现金流率KEXRCL
| Q4 25 | 31.1% | 2.7% | ||
| Q3 25 | 18.4% | -19.2% | ||
| Q2 25 | 2.6% | 20.1% | ||
| Q1 25 | -5.4% | 30.0% | ||
| Q4 24 | 18.8% | 24.3% | ||
| Q3 24 | 15.7% | 11.5% | ||
| Q2 24 | 11.0% | -13.8% | ||
| Q1 24 | 5.2% | 29.1% |
资本支出强度KEXRCL
| Q4 25 | 5.5% | 35.4% | ||
| Q3 25 | 7.7% | 47.8% | ||
| Q2 25 | 8.4% | 18.4% | ||
| Q1 25 | 10.0% | 10.7% | ||
| Q4 24 | 12.0% | 14.7% | ||
| Q3 24 | 9.2% | 6.8% | ||
| Q2 24 | 10.7% | 52.1% | ||
| Q1 24 | 10.0% | 6.5% |
现金转化率KEXRCL
| Q4 25 | 3.40× | 2.16× | ||
| Q3 25 | 2.46× | 0.93× | ||
| Q2 25 | 1.00× | 1.44× | ||
| Q1 25 | 0.48× | 2.23× | ||
| Q4 24 | 5.78× | 2.66× | ||
| Q3 24 | 2.30× | 0.81× | ||
| Q2 24 | 2.14× | 1.84× | ||
| Q1 24 | 1.76× | 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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 3% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
