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诺唯真游轮控股（LINE）与Realty Income（O）财务数据对比。点击上方公司名可切换其他公司
Realty Income的季度营收约是诺唯真游轮控股的1.1倍（$1.5B vs $1.4B），Realty Income净利率更高（19.9% vs -7.3%，领先27.2%），Realty Income同比增速更快（11.0% vs 3.1%），Realty Income自由现金流更多（$1.2B vs $35.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
LINE vs O — 直观对比
营收规模更大
O
是对方的1.1倍
$1.4B
营收增速更快
O
高出7.9%
3.1%
净利率更高
O
高出27.2%
-7.3%
自由现金流更多
O
多$1.1B
$35.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.5B |
| 净利润 | $-100.0M | $296.1M |
| 毛利率 | 32.3% | — |
| 营业利润率 | 2.5% | 21.7% |
| 净利率 | -7.3% | 19.9% |
| 营收同比 | 3.1% | 11.0% |
| 净利润同比 | 79.4% | 48.3% |
| 每股收益（稀释后） | $-0.44 | $0.32 |
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LINEO
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
净利润LINEO
| Q4 25 | — | $296.1M | ||
| Q3 25 | $-100.0M | $315.8M | ||
| Q2 25 | $-6.0M | $196.9M | ||
| Q1 25 | $0 | $249.8M | ||
| Q4 24 | $-71.0M | $199.6M | ||
| Q3 24 | $-485.0M | $269.5M | ||
| Q2 24 | $-68.0M | $259.4M | ||
| Q1 24 | $-40.0M | $132.3M |
毛利率LINEO
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | — | ||
| Q1 24 | 33.4% | — |
营业利润率LINEO
| Q4 25 | — | 21.7% | ||
| Q3 25 | 2.5% | 23.2% | ||
| Q2 25 | 1.7% | 15.8% | ||
| Q1 25 | 4.3% | 19.3% | ||
| Q4 24 | -1.6% | 16.5% | ||
| Q3 24 | -38.6% | 21.5% | ||
| Q2 24 | 5.5% | 20.7% | ||
| Q1 24 | 7.6% | 11.9% |
净利率LINEO
| Q4 25 | — | 19.9% | ||
| Q3 25 | -7.3% | 21.5% | ||
| Q2 25 | -0.4% | 14.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | -5.3% | 14.9% | ||
| Q3 24 | -36.3% | 20.2% | ||
| Q2 24 | -5.1% | 19.4% | ||
| Q1 24 | -3.0% | 10.5% |
每股收益（稀释后）LINEO
| Q4 25 | — | $0.32 | ||
| Q3 25 | $-0.44 | $0.35 | ||
| Q2 25 | $-0.03 | $0.22 | ||
| Q1 25 | $0.01 | $0.28 | ||
| Q4 24 | $-0.52 | $0.23 | ||
| Q3 24 | $-2.44 | $0.30 | ||
| Q2 24 | $-0.46 | $0.29 | ||
| Q1 24 | $-0.28 | $0.16 |
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 | — | $434.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.4B | $39.4B |
| 总资产 | $19.2B | $72.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LINEO
| Q4 25 | — | $434.8M | ||
| Q3 25 | — | $417.2M | ||
| Q2 25 | — | $800.4M | ||
| Q1 25 | — | $319.0M | ||
| Q4 24 | $173.0M | $445.0M | ||
| Q3 24 | $409.0M | $397.0M | ||
| Q2 24 | $73.0M | $442.8M | ||
| Q1 24 | — | $680.2M |
股东权益LINEO
| Q4 25 | — | $39.4B | ||
| Q3 25 | $8.4B | $39.1B | ||
| Q2 25 | $8.6B | $39.2B | ||
| Q1 25 | $8.6B | $39.0B | ||
| Q4 24 | $8.6B | $38.8B | ||
| Q3 24 | $9.0B | $38.5B | ||
| Q2 24 | $4.9B | $38.6B | ||
| Q1 24 | $5.6B | $39.0B |
总资产LINEO
| Q4 25 | — | $72.8B | ||
| Q3 25 | $19.2B | $71.3B | ||
| Q2 25 | $19.4B | $71.4B | ||
| Q1 25 | $18.8B | $69.8B | ||
| Q4 24 | $18.7B | $68.8B | ||
| Q3 24 | $19.3B | $68.5B | ||
| Q2 24 | $18.8B | $68.1B | ||
| Q1 24 | — | $68.3B |
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 | $230.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $1.2B |
| 自由现金流率自由现金流/营收 | 2.5% | 77.6% |
| 资本支出强度资本支出/营收 | 14.2% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 4.06× |
| 过去12个月自由现金流最近4个季度 | — | $3.9B |
8季度趋势，按日历期对齐
经营现金流LINEO
| Q4 25 | — | $1.2B | ||
| Q3 25 | $230.0M | $943.1M | ||
| Q2 25 | $258.0M | $1.1B | ||
| Q1 25 | $139.0M | $787.5M | ||
| Q4 24 | — | $972.0M | ||
| Q3 24 | $186.0M | $841.5M | ||
| Q2 24 | $155.0M | $981.2M | ||
| Q1 24 | $105.0M | $778.7M |
自由现金流LINEO
| Q4 25 | — | $1.2B | ||
| Q3 25 | $35.0M | $909.9M | ||
| Q2 25 | $95.0M | $1.0B | ||
| Q1 25 | $-12.0M | $764.6M | ||
| Q4 24 | — | $935.8M | ||
| Q3 24 | $33.0M | $807.9M | ||
| Q2 24 | $-31.0M | $939.2M | ||
| Q1 24 | $-42.0M | $769.0M |
自由现金流率LINEO
| Q4 25 | — | 77.6% | ||
| Q3 25 | 2.5% | 61.9% | ||
| Q2 25 | 7.0% | 73.3% | ||
| Q1 25 | -0.9% | 55.4% | ||
| Q4 24 | — | 69.8% | ||
| Q3 24 | 2.5% | 60.7% | ||
| Q2 24 | -2.3% | 70.1% | ||
| Q1 24 | -3.2% | 61.0% |
资本支出强度LINEO
| Q4 25 | — | 3.3% | ||
| Q3 25 | 14.2% | 2.3% | ||
| Q2 25 | 12.1% | 1.9% | ||
| Q1 25 | 11.7% | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 11.5% | 2.5% | ||
| Q2 24 | 13.9% | 3.1% | ||
| Q1 24 | 11.1% | 0.8% |
现金转化率LINEO
| Q4 25 | — | 4.06× | ||
| Q3 25 | — | 2.99× | ||
| Q2 25 | — | 5.39× | ||
| Q1 25 | — | 3.15× | ||
| Q4 24 | — | 4.87× | ||
| Q3 24 | — | 3.12× | ||
| Q2 24 | — | 3.78× | ||
| Q1 24 | — | 5.89× |
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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
