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诺唯真游轮控股（LINE）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是诺唯真游轮控股的1.7倍（$2.3B vs $1.4B），PPL Corporation净利率更高（11.3% vs -7.3%，领先18.6%），PPL Corporation同比增速更快（7.2% vs 3.1%），诺唯真游轮控股自由现金流更多（$35.0M vs $-614.0M）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
LINE vs PPL — 直观对比
营收规模更大
PPL
是对方的1.7倍
$1.4B
营收增速更快
PPL
高出4.1%
3.1%
净利率更高
PPL
高出18.6%
-7.3%
自由现金流更多
LINE
多$649.0M
$-614.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $2.3B |
| 净利润 | $-100.0M | $266.0M |
| 毛利率 | 32.3% | — |
| 营业利润率 | 2.5% | 20.3% |
| 净利率 | -7.3% | 11.3% |
| 营收同比 | 3.1% | 7.2% |
| 净利润同比 | 79.4% | 50.3% |
| 每股收益（稀释后） | $-0.44 | $0.35 |
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LINEPPL
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.4B | $2.2B | ||
| Q2 25 | $1.4B | $2.0B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.3B | $1.9B | ||
| Q1 24 | $1.3B | $2.3B |
净利润LINEPPL
| Q4 25 | — | $266.0M | ||
| Q3 25 | $-100.0M | $318.0M | ||
| Q2 25 | $-6.0M | $183.0M | ||
| Q1 25 | $0 | $414.0M | ||
| Q4 24 | $-71.0M | $177.0M | ||
| Q3 24 | $-485.0M | $214.0M | ||
| Q2 24 | $-68.0M | $190.0M | ||
| Q1 24 | $-40.0M | $307.0M |
毛利率LINEPPL
| 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LINEPPL
| Q4 25 | — | 20.3% | ||
| Q3 25 | 2.5% | 25.4% | ||
| Q2 25 | 1.7% | 19.9% | ||
| Q1 25 | 4.3% | 26.6% | ||
| Q4 24 | -1.6% | 17.2% | ||
| Q3 24 | -38.6% | 20.6% | ||
| Q2 24 | 5.5% | 20.8% | ||
| Q1 24 | 7.6% | 23.7% |
净利率LINEPPL
| Q4 25 | — | 11.3% | ||
| Q3 25 | -7.3% | 14.2% | ||
| Q2 25 | -0.4% | 9.0% | ||
| Q1 25 | — | 16.3% | ||
| Q4 24 | -5.3% | 8.1% | ||
| Q3 24 | -36.3% | 10.3% | ||
| Q2 24 | -5.1% | 10.1% | ||
| Q1 24 | -3.0% | 13.3% |
每股收益（稀释后）LINEPPL
| Q4 25 | — | $0.35 | ||
| Q3 25 | $-0.44 | $0.43 | ||
| Q2 25 | $-0.03 | $0.25 | ||
| Q1 25 | $0.01 | $0.56 | ||
| Q4 24 | $-0.52 | $0.23 | ||
| Q3 24 | $-2.44 | $0.29 | ||
| Q2 24 | $-0.46 | $0.26 | ||
| Q1 24 | $-0.28 | $0.42 |
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 | — | $1.1B |
| 总债务越低越好 | — | $18.9B |
| 股东权益账面价值 | $8.4B | $14.9B |
| 总资产 | $19.2B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资LINEPPL
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $294.0M | ||
| Q1 25 | — | $312.0M | ||
| Q4 24 | $173.0M | $306.0M | ||
| Q3 24 | $409.0M | $542.0M | ||
| Q2 24 | $73.0M | $282.0M | ||
| Q1 24 | — | $276.0M |
总债务LINEPPL
| Q4 25 | — | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LINEPPL
| Q4 25 | — | $14.9B | ||
| Q3 25 | $8.4B | $14.4B | ||
| Q2 25 | $8.6B | $14.3B | ||
| Q1 25 | $8.6B | $14.3B | ||
| Q4 24 | $8.6B | $14.1B | ||
| Q3 24 | $9.0B | $14.1B | ||
| Q2 24 | $4.9B | $14.1B | ||
| Q1 24 | $5.6B | $14.1B |
总资产LINEPPL
| Q4 25 | — | $45.2B | ||
| Q3 25 | $19.2B | $43.9B | ||
| Q2 25 | $19.4B | $42.4B | ||
| Q1 25 | $18.8B | $41.8B | ||
| Q4 24 | $18.7B | $41.1B | ||
| Q3 24 | $19.3B | $40.5B | ||
| Q2 24 | $18.8B | $39.8B | ||
| Q1 24 | — | $39.6B |
负债/权益比LINEPPL
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 2.5% | -26.1% |
| 资本支出强度资本支出/营收 | 14.2% | 49.5% |
| 现金转化率经营现金流/净利润 | — | 2.06× |
| 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LINEPPL
| Q4 25 | — | $548.0M | ||
| Q3 25 | $230.0M | $966.0M | ||
| Q2 25 | $258.0M | $602.0M | ||
| Q1 25 | $139.0M | $513.0M | ||
| Q4 24 | — | $511.0M | ||
| Q3 24 | $186.0M | $781.0M | ||
| Q2 24 | $155.0M | $766.0M | ||
| Q1 24 | $105.0M | $282.0M |
自由现金流LINEPPL
| Q4 25 | — | $-614.0M | ||
| Q3 25 | $35.0M | $-179.0M | ||
| Q2 25 | $95.0M | $-328.0M | ||
| Q1 25 | $-12.0M | $-280.0M | ||
| Q4 24 | — | $-349.0M | ||
| Q3 24 | $33.0M | $102.0M | ||
| Q2 24 | $-31.0M | $96.0M | ||
| Q1 24 | $-42.0M | $-314.0M |
自由现金流率LINEPPL
| Q4 25 | — | -26.1% | ||
| Q3 25 | 2.5% | -8.0% | ||
| Q2 25 | 7.0% | -16.1% | ||
| Q1 25 | -0.9% | -11.0% | ||
| Q4 24 | — | -15.9% | ||
| Q3 24 | 2.5% | 4.9% | ||
| Q2 24 | -2.3% | 5.1% | ||
| Q1 24 | -3.2% | -13.6% |
资本支出强度LINEPPL
| Q4 25 | — | 49.5% | ||
| Q3 25 | 14.2% | 51.2% | ||
| Q2 25 | 12.1% | 45.6% | ||
| Q1 25 | 11.7% | 31.2% | ||
| Q4 24 | — | 39.3% | ||
| Q3 24 | 11.5% | 32.7% | ||
| Q2 24 | 13.9% | 35.8% | ||
| Q1 24 | 11.1% | 25.9% |
现金转化率LINEPPL
| Q4 25 | — | 2.06× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | — | 3.29× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | — | 4.03× | ||
| Q1 24 | — | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
