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金德摩根（KMI）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
金德摩根的季度营收约是皇家加勒比集团的1.1倍（$4.8B vs $4.3B），金德摩根净利率更高（20.7% vs 17.9%，领先2.8%），金德摩根同比增速更快（13.8% vs 13.2%），过去两年金德摩根的营收复合增速更高（22.6% vs 1.8%）
金德摩根是北美规模最大的能源基础设施企业之一，核心业务为油气管道、能源储运终端的持有与运营管理，服务网络覆盖北美主要油气产区及消费市场，为能源产业提供稳定可靠的基础设施配套服务。
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。
KMI vs RCL — 直观对比
营收规模更大
KMI
是对方的1.1倍
$4.3B
营收增速更快
KMI
高出0.6%
13.2%
净利率更高
KMI
高出2.8%
17.9%
两年增速更快
KMI
近两年复合增速
1.8%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $4.3B |
| 净利润 | $1.0B | $762.0M |
| 毛利率 | — | — |
| 营业利润率 | 29.9% | 21.9% |
| 净利率 | 20.7% | 17.9% |
| 营收同比 | 13.8% | 13.2% |
| 净利润同比 | 36.1% | 36.3% |
| 每股收益（稀释后） | $0.44 | $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KMIRCL
| Q1 26 | $4.8B | $4.3B | ||
| Q4 25 | $4.0B | $4.3B | ||
| Q3 25 | $3.7B | $5.1B | ||
| Q2 25 | $3.6B | $4.5B | ||
| Q1 25 | $3.9B | $4.0B | ||
| Q4 24 | $3.6B | $3.8B | ||
| Q3 24 | $3.3B | $4.9B | ||
| Q2 24 | $3.2B | $4.1B |
净利润KMIRCL
| Q1 26 | $1.0B | $762.0M | ||
| Q4 25 | $996.0M | $753.0M | ||
| Q3 25 | $628.0M | $1.6B | ||
| Q2 25 | $715.0M | $1.2B | ||
| Q1 25 | $717.0M | $730.0M | ||
| Q4 24 | $667.0M | $552.0M | ||
| Q3 24 | $625.0M | $1.1B | ||
| Q2 24 | $575.0M | $854.0M |
毛利率KMIRCL
| Q1 26 | — | — | ||
| 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% |
营业利润率KMIRCL
| Q1 26 | 29.9% | 21.9% | ||
| Q4 25 | 34.0% | 21.9% | ||
| Q3 25 | 28.6% | 33.1% | ||
| Q2 25 | 31.9% | 29.3% | ||
| Q1 25 | 29.6% | 23.6% | ||
| Q4 24 | 31.0% | 16.6% | ||
| Q3 24 | 30.9% | 33.4% | ||
| Q2 24 | 32.3% | 26.7% |
净利率KMIRCL
| Q1 26 | 20.7% | 17.9% | ||
| Q4 25 | 24.8% | 17.7% | ||
| Q3 25 | 16.9% | 30.6% | ||
| Q2 25 | 19.8% | 26.7% | ||
| Q1 25 | 18.6% | 18.3% | ||
| Q4 24 | 18.7% | 14.7% | ||
| Q3 24 | 19.0% | 22.7% | ||
| Q2 24 | 17.9% | 20.8% |
每股收益（稀释后）KMIRCL
| Q1 26 | $0.44 | $2.76 | ||
| Q4 25 | $0.45 | $2.76 | ||
| Q3 25 | $0.28 | $5.74 | ||
| Q2 25 | $0.32 | $4.41 | ||
| Q1 25 | $0.32 | $2.70 | ||
| Q4 24 | $0.30 | $2.27 | ||
| Q3 24 | $0.28 | $4.21 | ||
| Q2 24 | $0.26 | $3.11 |
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 | $72.0M | $825.0M |
| 总债务越低越好 | $31.9B | $21.3B |
| 股东权益账面价值 | $32.6B | $10.2B |
| 总资产 | $73.1B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.98× | 2.08× |
8季度趋势，按日历期对齐
现金及短期投资KMIRCL
| Q1 26 | $72.0M | $825.0M | ||
| Q4 25 | $63.0M | $825.0M | ||
| Q3 25 | $71.0M | $432.0M | ||
| Q2 25 | $82.0M | $735.0M | ||
| Q1 25 | $80.0M | $386.0M | ||
| Q4 24 | $88.0M | $388.0M | ||
| Q3 24 | $108.0M | $418.0M | ||
| Q2 24 | $98.0M | $391.0M |
总债务KMIRCL
| Q1 26 | $31.9B | $21.3B | ||
| 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 |
股东权益KMIRCL
| Q1 26 | $32.6B | $10.2B | ||
| Q4 25 | $31.2B | $10.0B | ||
| Q3 25 | $30.7B | $10.1B | ||
| Q2 25 | $30.8B | $9.2B | ||
| Q1 25 | $30.6B | $8.0B | ||
| Q4 24 | $30.5B | $7.6B | ||
| Q3 24 | $30.4B | $7.0B | ||
| Q2 24 | $30.3B | $6.0B |
总资产KMIRCL
| Q1 26 | $73.1B | $41.6B | ||
| Q4 25 | $72.7B | $41.6B | ||
| Q3 25 | $72.3B | $40.1B | ||
| Q2 25 | $72.4B | $38.5B | ||
| Q1 25 | $72.3B | $37.5B | ||
| Q4 24 | $71.4B | $37.1B | ||
| Q3 24 | $70.9B | $37.1B | ||
| Q2 24 | $70.7B | $37.0B |
负债/权益比KMIRCL
| Q1 26 | 0.98× | 2.08× | ||
| 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× |
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 | — | $6.5B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 16.7% | — |
| 现金转化率经营现金流/净利润 | — | 8.48× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流KMIRCL
| Q1 26 | — | $6.5B | ||
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.2B | $897.0M | ||
| Q2 24 | $1.7B | $1.6B |
自由现金流KMIRCL
| Q1 26 | — | — | ||
| Q4 25 | $872.0M | $116.0M | ||
| Q3 25 | $621.0M | $-989.0M | ||
| Q2 25 | $1.0B | $910.0M | ||
| Q1 25 | $396.0M | $1.2B | ||
| Q4 24 | $738.0M | $915.0M | ||
| Q3 24 | $592.0M | $563.0M | ||
| Q2 24 | $1.1B | $-567.0M |
自由现金流率KMIRCL
| Q1 26 | — | — | ||
| Q4 25 | 21.7% | 2.7% | ||
| Q3 25 | 16.7% | -19.2% | ||
| Q2 25 | 27.8% | 20.1% | ||
| Q1 25 | 10.3% | 30.0% | ||
| Q4 24 | 20.7% | 24.3% | ||
| Q3 24 | 18.0% | 11.5% | ||
| Q2 24 | 34.4% | -13.8% |
资本支出强度KMIRCL
| Q1 26 | 16.7% | — | ||
| Q4 25 | 20.4% | 35.4% | ||
| Q3 25 | 21.3% | 47.8% | ||
| Q2 25 | 17.9% | 18.4% | ||
| Q1 25 | 19.8% | 10.7% | ||
| Q4 24 | 21.6% | 14.7% | ||
| Q3 24 | 20.0% | 6.8% | ||
| Q2 24 | 18.1% | 52.1% |
现金转化率KMIRCL
| Q1 26 | — | 8.48× | ||
| Q4 25 | 1.70× | 2.16× | ||
| Q3 25 | 2.25× | 0.93× | ||
| Q2 25 | 2.31× | 1.44× | ||
| Q1 25 | 1.62× | 2.23× | ||
| Q4 24 | 2.26× | 2.66× | ||
| Q3 24 | 2.00× | 0.81× | ||
| Q2 24 | 2.93× | 1.84× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
