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徕博科（LH）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徕博科的1.3倍（$4.5B vs $3.5B），皇家加勒比集团净利率更高（21.3% vs 7.9%，领先13.5%），皇家加勒比集团同比增速更快（11.3% vs 5.8%），过去两年徕博科的营收复合增速更高（4.8% vs 4.1%）
徕博科（Labcorp）是全球领先的生命科学与诊断检测企业，面向医疗机构、制药企业和个人患者提供全面的临床检验服务、药物研发支持及医疗检测解决方案，依托先进科研经验与创新技术输出准确可落地的健康洞察，助力临床决策、加快新药研发，提升全球患者健康水平。
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。
LH vs RCL — 直观对比
营收规模更大
RCL
是对方的1.3倍
$3.5B
营收增速更快
RCL
高出5.6%
5.8%
净利率更高
RCL
高出13.5%
7.9%
两年增速更快
LH
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $4.5B |
| 净利润 | $277.8M | $950.0M |
| 毛利率 | 28.7% | — |
| 营业利润率 | 10.8% | 26.1% |
| 净利率 | 7.9% | 21.3% |
| 营收同比 | 5.8% | 11.3% |
| 净利润同比 | 30.5% | 29.1% |
| 每股收益（稀释后） | $3.35 | $3.48 |
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LHRCL
| Q1 26 | $3.5B | $4.5B | ||
| Q4 25 | $3.5B | $4.3B | ||
| Q3 25 | $3.6B | $5.1B | ||
| Q2 25 | $3.5B | $4.5B | ||
| Q1 25 | $3.3B | $4.0B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.3B | $4.9B | ||
| Q2 24 | $3.2B | $4.1B |
净利润LHRCL
| Q1 26 | $277.8M | $950.0M | ||
| Q4 25 | $164.7M | $753.0M | ||
| Q3 25 | $261.1M | $1.6B | ||
| Q2 25 | $237.9M | $1.2B | ||
| Q1 25 | $212.8M | $730.0M | ||
| Q4 24 | $143.4M | $552.0M | ||
| Q3 24 | $169.3M | $1.1B | ||
| Q2 24 | $205.3M | $854.0M |
毛利率LHRCL
| Q1 26 | 28.7% | — | ||
| Q4 25 | 28.2% | 47.4% | ||
| Q3 25 | 28.8% | 51.8% | ||
| Q2 25 | 29.7% | 49.7% | ||
| Q1 25 | 28.3% | 48.0% | ||
| Q4 24 | 26.9% | 45.4% | ||
| Q3 24 | 27.6% | 51.1% | ||
| Q2 24 | 28.8% | 47.6% |
营业利润率LHRCL
| Q1 26 | 10.8% | 26.1% | ||
| Q4 25 | 7.6% | 21.9% | ||
| Q3 25 | 11.1% | 33.1% | ||
| Q2 25 | 11.2% | 29.3% | ||
| Q1 25 | 9.7% | 23.6% | ||
| Q4 24 | 6.5% | 16.6% | ||
| Q3 24 | 7.7% | 33.4% | ||
| Q2 24 | 9.2% | 26.7% |
净利率LHRCL
| Q1 26 | 7.9% | 21.3% | ||
| Q4 25 | 4.7% | 17.7% | ||
| Q3 25 | 7.3% | 30.6% | ||
| Q2 25 | 6.7% | 26.7% | ||
| Q1 25 | 6.4% | 18.3% | ||
| Q4 24 | 4.3% | 14.7% | ||
| Q3 24 | 5.2% | 22.7% | ||
| Q2 24 | 6.4% | 20.8% |
每股收益（稀释后）LHRCL
| Q1 26 | $3.35 | $3.48 | ||
| Q4 25 | $1.98 | $2.76 | ||
| Q3 25 | $3.12 | $5.74 | ||
| Q2 25 | $2.84 | $4.41 | ||
| Q1 25 | $2.52 | $2.70 | ||
| Q4 24 | $1.72 | $2.27 | ||
| Q3 24 | $2.00 | $4.21 | ||
| Q2 24 | $2.43 | $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 | $981.1M | $512.0M |
| 总债务越低越好 | $5.8B | $21.1B |
| 股东权益账面价值 | $8.7B | $10.0B |
| 总资产 | $19.1B | $42.0B |
| 负债/权益比越低杠杆越低 | 0.67× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资LHRCL
| Q1 26 | $981.1M | $512.0M | ||
| Q4 25 | $532.3M | $825.0M | ||
| Q3 25 | $598.1M | $432.0M | ||
| Q2 25 | $647.3M | $735.0M | ||
| Q1 25 | $369.4M | $386.0M | ||
| Q4 24 | $1.5B | $388.0M | ||
| Q3 24 | $1.5B | $418.0M | ||
| Q2 24 | $265.1M | $391.0M |
总债务LHRCL
| Q1 26 | $5.8B | $21.1B | ||
| 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LHRCL
| Q1 26 | $8.7B | $10.0B | ||
| Q4 25 | $8.6B | $10.0B | ||
| Q3 25 | $8.7B | $10.1B | ||
| Q2 25 | $8.5B | $9.2B | ||
| Q1 25 | $8.3B | $8.0B | ||
| Q4 24 | $8.1B | $7.6B | ||
| Q3 24 | $8.2B | $7.0B | ||
| Q2 24 | $8.0B | $6.0B |
总资产LHRCL
| Q1 26 | $19.1B | $42.0B | ||
| Q4 25 | $18.4B | $41.6B | ||
| Q3 25 | $18.3B | $40.1B | ||
| Q2 25 | $18.1B | $38.5B | ||
| Q1 25 | $17.6B | $37.5B | ||
| Q4 24 | $18.4B | $37.1B | ||
| Q3 24 | $18.6B | $37.1B | ||
| Q2 24 | $16.7B | $37.0B |
负债/权益比LHRCL
| Q1 26 | 0.67× | 2.11× | ||
| 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 | $191.5M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $70.5M | — |
| 自由现金流率自由现金流/营收 | 2.0% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 0.69× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $1.4B | — |
8季度趋势，按日历期对齐
经营现金流LHRCL
| Q1 26 | $191.5M | $1.8B | ||
| Q4 25 | $614.2M | $1.6B | ||
| Q3 25 | $387.2M | $1.5B | ||
| Q2 25 | $620.6M | $1.7B | ||
| Q1 25 | $18.5M | $1.6B | ||
| Q4 24 | $777.2M | $1.5B | ||
| Q3 24 | $277.3M | $897.0M | ||
| Q2 24 | $561.1M | $1.6B |
自由现金流LHRCL
| Q1 26 | $70.5M | — | ||
| Q4 25 | $490.3M | $116.0M | ||
| Q3 25 | $280.5M | $-989.0M | ||
| Q2 25 | $542.7M | $910.0M | ||
| Q1 25 | $-107.5M | $1.2B | ||
| Q4 24 | $665.1M | $915.0M | ||
| Q3 24 | $161.5M | $563.0M | ||
| Q2 24 | $432.9M | $-567.0M |
自由现金流率LHRCL
| Q1 26 | 2.0% | — | ||
| Q4 25 | 13.9% | 2.7% | ||
| Q3 25 | 7.9% | -19.2% | ||
| Q2 25 | 15.4% | 20.1% | ||
| Q1 25 | -3.2% | 30.0% | ||
| Q4 24 | 20.0% | 24.3% | ||
| Q3 24 | 4.9% | 11.5% | ||
| Q2 24 | 13.4% | -13.8% |
资本支出强度LHRCL
| Q1 26 | 3.4% | — | ||
| Q4 25 | 3.5% | 35.4% | ||
| Q3 25 | 3.0% | 47.8% | ||
| Q2 25 | 2.2% | 18.4% | ||
| Q1 25 | 3.8% | 10.7% | ||
| Q4 24 | 3.4% | 14.7% | ||
| Q3 24 | 3.5% | 6.8% | ||
| Q2 24 | 4.0% | 52.1% |
现金转化率LHRCL
| Q1 26 | 0.69× | 1.93× | ||
| Q4 25 | 3.73× | 2.16× | ||
| Q3 25 | 1.48× | 0.93× | ||
| Q2 25 | 2.61× | 1.44× | ||
| Q1 25 | 0.09× | 2.23× | ||
| Q4 24 | 5.42× | 2.66× | ||
| Q3 24 | 1.64× | 0.81× | ||
| Q2 24 | 2.73× | 1.84× |
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
LH
| Revenues | $2.8B | 78% |
| Other | $775.5M | 22% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
