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诺唯真游轮控股（LINE）与北极星（PII）财务数据对比。点击上方公司名可切换其他公司
北极星的季度营收约是诺唯真游轮控股的1.2倍（$1.7B vs $1.4B），北极星净利率更高（-2.8% vs -7.3%，领先4.4%），北极星同比增速更快（8.0% vs 3.1%），诺唯真游轮控股自由现金流更多（$35.0M vs $-342.5M）
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。
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
LINE vs PII — 直观对比
营收规模更大
PII
是对方的1.2倍
$1.4B
营收增速更快
PII
高出4.9%
3.1%
净利率更高
PII
高出4.4%
-7.3%
自由现金流更多
LINE
多$377.5M
$-342.5M
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.7B |
| 净利润 | $-100.0M | $-47.2M |
| 毛利率 | 32.3% | 20.2% |
| 营业利润率 | 2.5% | — |
| 净利率 | -7.3% | -2.8% |
| 营收同比 | 3.1% | 8.0% |
| 净利润同比 | 79.4% | 29.2% |
| 每股收益（稀释后） | $-0.44 | $-0.83 |
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LINEPII
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $2.0B |
净利润LINEPII
| Q1 26 | — | $-47.2M | ||
| Q4 25 | — | $-303.6M | ||
| Q3 25 | $-100.0M | $-15.8M | ||
| Q2 25 | $-6.0M | $-79.3M | ||
| Q1 25 | $0 | $-66.8M | ||
| Q4 24 | $-71.0M | $10.6M | ||
| Q3 24 | $-485.0M | $27.7M | ||
| Q2 24 | $-68.0M | $68.7M |
毛利率LINEPII
| Q1 26 | — | 20.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | 32.3% | 20.7% | ||
| Q2 25 | 31.9% | 19.4% | ||
| Q1 25 | 32.2% | 16.0% | ||
| Q4 24 | 32.3% | 20.4% | ||
| Q3 24 | 32.8% | 20.6% | ||
| Q2 24 | 33.4% | 21.6% |
营业利润率LINEPII
| Q1 26 | — | — | ||
| Q4 25 | — | -16.7% | ||
| Q3 25 | 2.5% | 1.1% | ||
| Q2 25 | 1.7% | -0.7% | ||
| Q1 25 | 4.3% | -2.4% | ||
| Q4 24 | -1.6% | 3.7% | ||
| Q3 24 | -38.6% | 3.8% | ||
| Q2 24 | 5.5% | 6.1% |
净利率LINEPII
| Q1 26 | — | -2.8% | ||
| Q4 25 | — | -15.8% | ||
| Q3 25 | -7.3% | -0.9% | ||
| Q2 25 | -0.4% | -4.3% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | -5.3% | 0.6% | ||
| Q3 24 | -36.3% | 1.6% | ||
| Q2 24 | -5.1% | 3.5% |
每股收益（稀释后）LINEPII
| Q1 26 | — | $-0.83 | ||
| Q4 25 | — | $-5.34 | ||
| Q3 25 | $-0.44 | $-0.28 | ||
| Q2 25 | $-0.03 | $-1.39 | ||
| Q1 25 | $0.01 | $-1.17 | ||
| Q4 24 | $-0.52 | $0.18 | ||
| Q3 24 | $-2.44 | $0.49 | ||
| Q2 24 | $-0.46 | $1.21 |
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 | — | $282.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.4B | $750.4M |
| 总资产 | $19.2B | $5.2B |
| 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LINEPII
| Q1 26 | — | $282.0M | ||
| Q4 25 | — | $138.0M | ||
| Q3 25 | — | $335.5M | ||
| Q2 25 | — | $324.3M | ||
| Q1 25 | — | $291.7M | ||
| Q4 24 | $173.0M | $287.8M | ||
| Q3 24 | $409.0M | $291.3M | ||
| Q2 24 | $73.0M | $322.7M |
总债务LINEPII
| Q1 26 | — | — | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $2.1B |
股东权益LINEPII
| Q1 26 | — | $750.4M | ||
| Q4 25 | — | $828.4M | ||
| Q3 25 | $8.4B | $1.1B | ||
| Q2 25 | $8.6B | $1.2B | ||
| Q1 25 | $8.6B | $1.2B | ||
| Q4 24 | $8.6B | $1.3B | ||
| Q3 24 | $9.0B | $1.3B | ||
| Q2 24 | $4.9B | $1.3B |
总资产LINEPII
| Q1 26 | — | $5.2B | ||
| Q4 25 | — | $4.9B | ||
| Q3 25 | $19.2B | $5.3B | ||
| Q2 25 | $19.4B | $5.4B | ||
| Q1 25 | $18.8B | $5.5B | ||
| Q4 24 | $18.7B | $5.5B | ||
| Q3 24 | $19.3B | $5.6B | ||
| Q2 24 | $18.8B | $5.7B |
负债/权益比LINEPII
| Q1 26 | — | — | ||
| Q4 25 | — | 1.82× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.56× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $-342.5M |
| 自由现金流率自由现金流/营收 | 2.5% | -20.6% |
| 资本支出强度资本支出/营收 | 14.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $168.0M |
8季度趋势，按日历期对齐
经营现金流LINEPII
| Q1 26 | — | — | ||
| Q4 25 | — | $178.7M | ||
| Q3 25 | $230.0M | $158.8M | ||
| Q2 25 | $258.0M | $320.3M | ||
| Q1 25 | $139.0M | $83.2M | ||
| Q4 24 | — | $206.3M | ||
| Q3 24 | $186.0M | $21.0M | ||
| Q2 24 | $155.0M | $146.3M |
自由现金流LINEPII
| Q1 26 | — | $-342.5M | ||
| Q4 25 | — | $114.0M | ||
| Q3 25 | $35.0M | $116.7M | ||
| Q2 25 | $95.0M | $279.8M | ||
| Q1 25 | $-12.0M | $47.6M | ||
| Q4 24 | — | $137.3M | ||
| Q3 24 | $33.0M | $-32.4M | ||
| Q2 24 | $-31.0M | $79.1M |
自由现金流率LINEPII
| Q1 26 | — | -20.6% | ||
| Q4 25 | — | 5.9% | ||
| Q3 25 | 2.5% | 6.3% | ||
| Q2 25 | 7.0% | 15.1% | ||
| Q1 25 | -0.9% | 3.1% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 2.5% | -1.9% | ||
| Q2 24 | -2.3% | 4.0% |
资本支出强度LINEPII
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | 14.2% | 2.3% | ||
| Q2 25 | 12.1% | 2.2% | ||
| Q1 25 | 11.7% | 2.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 11.5% | 3.1% | ||
| Q2 24 | 13.9% | 3.4% |
现金转化率LINEPII
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.46× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 2.13× |
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% |
PII
暂无分部数据
