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万事达卡（MA）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
万事达卡的季度营收约是皇家加勒比集团的1.9倍（$8.4B vs $4.5B），万事达卡净利率更高（46.4% vs 21.3%，领先25.1%），万事达卡同比增速更快（16.0% vs 11.3%），过去两年万事达卡的营收复合增速更高（9.9% vs 4.1%）
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
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。
MA vs RCL — 直观对比
营收规模更大
MA
是对方的1.9倍
$4.5B
营收增速更快
MA
高出4.7%
11.3%
净利率更高
MA
高出25.1%
21.3%
两年增速更快
MA
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.4B | $4.5B |
| 净利润 | $3.9B | $950.0M |
| 毛利率 | — | — |
| 营业利润率 | 58.3% | 26.1% |
| 净利率 | 46.4% | 21.3% |
| 营收同比 | 16.0% | 11.3% |
| 净利润同比 | 18.0% | 29.1% |
| 每股收益（稀释后） | $4.35 | $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MARCL
| Q1 26 | $8.4B | $4.5B | ||
| Q4 25 | $8.8B | $4.3B | ||
| Q3 25 | $8.6B | $5.1B | ||
| Q2 25 | $8.1B | $4.5B | ||
| Q1 25 | $7.3B | $4.0B | ||
| Q4 24 | $7.5B | $3.8B | ||
| Q3 24 | $7.4B | $4.9B | ||
| Q2 24 | $7.0B | $4.1B |
净利润MARCL
| Q1 26 | $3.9B | $950.0M | ||
| Q4 25 | $4.1B | $753.0M | ||
| Q3 25 | $3.9B | $1.6B | ||
| Q2 25 | $3.7B | $1.2B | ||
| Q1 25 | $3.3B | $730.0M | ||
| Q4 24 | $3.3B | $552.0M | ||
| Q3 24 | $3.3B | $1.1B | ||
| Q2 24 | $3.3B | $854.0M |
毛利率MARCL
| 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MARCL
| Q1 26 | 58.3% | 26.1% | ||
| Q4 25 | 55.8% | 21.9% | ||
| Q3 25 | 58.8% | 33.1% | ||
| Q2 25 | 58.7% | 29.3% | ||
| Q1 25 | 57.2% | 23.6% | ||
| Q4 24 | 52.6% | 16.6% | ||
| Q3 24 | 54.3% | 33.4% | ||
| Q2 24 | 58.0% | 26.7% |
净利率MARCL
| Q1 26 | 46.4% | 21.3% | ||
| Q4 25 | 46.1% | 17.7% | ||
| Q3 25 | 45.7% | 30.6% | ||
| Q2 25 | 45.5% | 26.7% | ||
| Q1 25 | 45.2% | 18.3% | ||
| Q4 24 | 44.6% | 14.7% | ||
| Q3 24 | 44.3% | 22.7% | ||
| Q2 24 | 46.8% | 20.8% |
每股收益（稀释后）MARCL
| Q1 26 | $4.35 | $3.48 | ||
| Q4 25 | $4.52 | $2.76 | ||
| Q3 25 | $4.34 | $5.74 | ||
| Q2 25 | $4.07 | $4.41 | ||
| Q1 25 | $3.59 | $2.70 | ||
| Q4 24 | $3.64 | $2.27 | ||
| Q3 24 | $3.53 | $4.21 | ||
| Q2 24 | $3.50 | $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 | $7.9B | $512.0M |
| 总债务越低越好 | $19.0B | $21.1B |
| 股东权益账面价值 | $6.7B | $10.0B |
| 总资产 | $52.4B | $42.0B |
| 负债/权益比越低杠杆越低 | 2.82× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资MARCL
| Q1 26 | $7.9B | $512.0M | ||
| Q4 25 | $10.6B | $825.0M | ||
| Q3 25 | $10.3B | $432.0M | ||
| Q2 25 | $9.0B | $735.0M | ||
| Q1 25 | $7.6B | $386.0M | ||
| Q4 24 | $8.4B | $388.0M | ||
| Q3 24 | $11.1B | $418.0M | ||
| Q2 24 | $7.0B | $391.0M |
总债务MARCL
| Q1 26 | $19.0B | $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MARCL
| Q1 26 | $6.7B | $10.0B | ||
| Q4 25 | $7.7B | $10.0B | ||
| Q3 25 | $7.9B | $10.1B | ||
| Q2 25 | $7.9B | $9.2B | ||
| Q1 25 | $6.7B | $8.0B | ||
| Q4 24 | $6.5B | $7.6B | ||
| Q3 24 | $7.4B | $7.0B | ||
| Q2 24 | $7.4B | $6.0B |
总资产MARCL
| Q1 26 | $52.4B | $42.0B | ||
| Q4 25 | $54.2B | $41.6B | ||
| Q3 25 | $53.3B | $40.1B | ||
| Q2 25 | $51.4B | $38.5B | ||
| Q1 25 | $48.5B | $37.5B | ||
| Q4 24 | $48.1B | $37.1B | ||
| Q3 24 | $47.2B | $37.1B | ||
| Q2 24 | $42.3B | $37.0B |
负债/权益比MARCL
| Q1 26 | 2.82× | 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 | $3.0B | $1.8B |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 0.77× | 1.93× |
| 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MARCL
| Q1 26 | $3.0B | $1.8B | ||
| Q4 25 | $5.0B | $1.6B | ||
| Q3 25 | $5.7B | $1.5B | ||
| Q2 25 | $4.6B | $1.7B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $4.8B | $1.5B | ||
| Q3 24 | $5.1B | $897.0M | ||
| Q2 24 | $3.1B | $1.6B |
自由现金流MARCL
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $116.0M | ||
| Q3 25 | $5.5B | $-989.0M | ||
| Q2 25 | $4.6B | $910.0M | ||
| Q1 25 | $2.2B | $1.2B | ||
| Q4 24 | $4.7B | $915.0M | ||
| Q3 24 | $5.0B | $563.0M | ||
| Q2 24 | $3.0B | $-567.0M |
自由现金流率MARCL
| Q1 26 | — | — | ||
| Q4 25 | 55.5% | 2.7% | ||
| Q3 25 | 63.8% | -19.2% | ||
| Q2 25 | 56.1% | 20.1% | ||
| Q1 25 | 30.6% | 30.0% | ||
| Q4 24 | 63.3% | 24.3% | ||
| Q3 24 | 68.2% | 11.5% | ||
| Q2 24 | 43.4% | -13.8% |
资本支出强度MARCL
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 35.4% | ||
| Q3 25 | 2.1% | 47.8% | ||
| Q2 25 | 0.5% | 18.4% | ||
| Q1 25 | 2.2% | 10.7% | ||
| Q4 24 | 1.3% | 14.7% | ||
| Q3 24 | 1.5% | 6.8% | ||
| Q2 24 | 1.7% | 52.1% |
现金转化率MARCL
| Q1 26 | 0.77× | 1.93× | ||
| Q4 25 | 1.23× | 2.16× | ||
| Q3 25 | 1.44× | 0.93× | ||
| Q2 25 | 1.24× | 1.44× | ||
| Q1 25 | 0.73× | 2.23× | ||
| Q4 24 | 1.45× | 2.66× | ||
| Q3 24 | 1.57× | 0.81× | ||
| Q2 24 | 0.96× | 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
MA
暂无分部数据
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
