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诺唯真游轮控股（NCLH）与西方石油（OXY）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是西方石油的1.4倍（$2.2B vs $1.7B），西方石油净利率更高（6.9% vs 0.6%，领先6.2%），诺唯真游轮控股同比增速更快（6.4% vs -75.8%），西方石油自由现金流更多（$1.9B vs $21.5M），过去两年诺唯真游轮控股的营收复合增速更高（1.2% vs -50.4%）
诺唯真游轮（NCL）1966年创立于挪威，为美国知名游轮运营商，总部设于佛罗里达州迈阿密-戴德县，注册地为巴哈马，由诺唯真游轮控股全资持有。按载客量计算，该品牌为全球第四大游轮公司，2021年占全球游轮市场载客量份额约8.6%。
西方石油是一家美国能源企业，核心业务覆盖美国及中东地区的油气勘探，以及美国、加拿大、智利的石化产品制造。公司注册于特拉华州，总部位于休斯顿，2021年分别位列财富500强第183位、福布斯全球企业2000强第670位。
NCLH vs OXY — 直观对比
营收规模更大
NCLH
是对方的1.4倍
$1.7B
营收增速更快
NCLH
高出82.2%
-75.8%
净利率更高
OXY
高出6.2%
0.6%
自由现金流更多
OXY
多$1.9B
$21.5M
两年增速更快
NCLH
近两年复合增速
-50.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.7B |
| 净利润 | $14.3M | $114.0M |
| 毛利率 | 41.0% | — |
| 营业利润率 | 8.3% | -6.5% |
| 净利率 | 0.6% | 6.9% |
| 营收同比 | 6.4% | -75.8% |
| 净利润同比 | -94.4% | 195.0% |
| 每股收益（稀释后） | $0.08 | $-0.07 |
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NCLHOXY
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $2.9B | $6.7B | ||
| Q2 25 | $2.5B | $6.3B | ||
| Q1 25 | $2.1B | $6.9B | ||
| Q4 24 | $2.1B | $6.9B | ||
| Q3 24 | $2.8B | $7.0B | ||
| Q2 24 | $2.4B | $6.8B | ||
| Q1 24 | $2.2B | $6.7B |
净利润NCLHOXY
| Q4 25 | $14.3M | $114.0M | ||
| Q3 25 | $419.3M | $842.0M | ||
| Q2 25 | $30.0M | $468.0M | ||
| Q1 25 | $-40.3M | $945.0M | ||
| Q4 24 | $254.5M | $-120.0M | ||
| Q3 24 | $474.9M | $1.1B | ||
| Q2 24 | $163.4M | $1.2B | ||
| Q1 24 | $17.4M | $888.0M |
毛利率NCLHOXY
| Q4 25 | 41.0% | — | ||
| Q3 25 | 47.1% | 87.8% | ||
| Q2 25 | 42.1% | 86.6% | ||
| Q1 25 | 38.7% | 88.4% | ||
| Q4 24 | 38.0% | 89.0% | ||
| Q3 24 | 45.2% | 88.5% | ||
| Q2 24 | 38.7% | 87.9% | ||
| Q1 24 | 36.7% | 89.0% |
营业利润率NCLHOXY
| Q4 25 | 8.3% | -6.5% | ||
| Q3 25 | 25.5% | 17.4% | ||
| Q2 25 | 16.8% | 11.7% | ||
| Q1 25 | 9.4% | 19.3% | ||
| Q4 24 | 10.2% | -2.5% | ||
| Q3 24 | 24.6% | 22.7% | ||
| Q2 24 | 14.4% | 24.0% | ||
| Q1 24 | 10.0% | 15.0% |
净利率NCLHOXY
| Q4 25 | 0.6% | 6.9% | ||
| Q3 25 | 14.3% | 12.6% | ||
| Q2 25 | 1.2% | 7.4% | ||
| Q1 25 | -1.9% | 13.7% | ||
| Q4 24 | 12.1% | -1.7% | ||
| Q3 24 | 16.9% | 16.2% | ||
| Q2 24 | 6.9% | 17.2% | ||
| Q1 24 | 0.8% | 13.2% |
每股收益（稀释后）NCLHOXY
| Q4 25 | $0.08 | $-0.07 | ||
| Q3 25 | $0.86 | $0.65 | ||
| Q2 25 | $0.07 | $0.26 | ||
| Q1 25 | $-0.09 | $0.77 | ||
| Q4 24 | $0.55 | $-0.32 | ||
| Q3 24 | $0.95 | $0.98 | ||
| Q2 24 | $0.35 | $1.03 | ||
| Q1 24 | $0.04 | $0.75 |
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 | $209.9M | $2.0B |
| 总债务越低越好 | $13.7B | $20.6B |
| 股东权益账面价值 | $2.2B | $36.0B |
| 总资产 | $22.5B | $84.2B |
| 负债/权益比越低杠杆越低 | 6.21× | 0.57× |
8季度趋势，按日历期对齐
现金及短期投资NCLHOXY
| Q4 25 | $209.9M | $2.0B | ||
| Q3 25 | $166.8M | $2.2B | ||
| Q2 25 | $184.0M | $2.3B | ||
| Q1 25 | $184.4M | $2.6B | ||
| Q4 24 | $190.8M | $2.1B | ||
| Q3 24 | $332.5M | $1.8B | ||
| Q2 24 | $594.1M | $1.8B | ||
| Q1 24 | $559.8M | $1.3B |
总债务NCLHOXY
| Q4 25 | $13.7B | $20.6B | ||
| Q3 25 | $13.6B | $20.8B | ||
| Q2 25 | $12.6B | $23.3B | ||
| Q1 25 | $12.9B | $24.0B | ||
| Q4 24 | $11.8B | $25.0B | ||
| Q3 24 | $11.8B | $25.5B | ||
| Q2 24 | $11.9B | $18.4B | ||
| Q1 24 | $12.0B | $18.5B |
股东权益NCLHOXY
| Q4 25 | $2.2B | $36.0B | ||
| Q3 25 | $2.2B | $36.3B | ||
| Q2 25 | $1.6B | $35.7B | ||
| Q1 25 | $1.4B | $34.7B | ||
| Q4 24 | $1.4B | $34.2B | ||
| Q3 24 | $1.1B | $34.7B | ||
| Q2 24 | $693.1M | $32.1B | ||
| Q1 24 | $362.1M | $30.8B |
总资产NCLHOXY
| Q4 25 | $22.5B | $84.2B | ||
| Q3 25 | $22.2B | $83.5B | ||
| Q2 25 | $21.6B | $84.4B | ||
| Q1 25 | $21.4B | $85.0B | ||
| Q4 24 | $20.0B | $85.4B | ||
| Q3 24 | $19.8B | $85.8B | ||
| Q2 24 | $20.1B | $76.2B | ||
| Q1 24 | $19.8B | $74.3B |
负债/权益比NCLHOXY
| Q4 25 | 6.21× | 0.57× | ||
| Q3 25 | 6.22× | 0.57× | ||
| Q2 25 | 8.05× | 0.65× | ||
| Q1 25 | 9.09× | 0.69× | ||
| Q4 24 | 8.26× | 0.73× | ||
| Q3 24 | 10.35× | 0.73× | ||
| Q2 24 | 17.19× | 0.57× | ||
| Q1 24 | 33.16× | 0.60× |
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 | $459.1M | $2.6B |
| 自由现金流经营现金流 - 资本支出 | $21.5M | $1.9B |
| 自由现金流率自由现金流/营收 | 1.0% | 113.4% |
| 资本支出强度资本支出/营收 | 19.5% | 45.4% |
| 现金转化率经营现金流/净利润 | 32.21× | 23.11× |
| 过去12个月自由现金流最近4个季度 | $-1.2B | $4.1B |
8季度趋势，按日历期对齐
经营现金流NCLHOXY
| Q4 25 | $459.1M | $2.6B | ||
| Q3 25 | $236.6M | $2.8B | ||
| Q2 25 | $714.9M | $3.0B | ||
| Q1 25 | $679.2M | $2.1B | ||
| Q4 24 | $399.3M | $3.4B | ||
| Q3 24 | $172.5M | $3.7B | ||
| Q2 24 | $670.9M | $2.4B | ||
| Q1 24 | $807.2M | $2.0B |
自由现金流NCLHOXY
| Q4 25 | $21.5M | $1.9B | ||
| Q3 25 | $-726.5M | $1.0B | ||
| Q2 25 | $381.2M | $962.0M | ||
| Q1 25 | $-846.0M | $240.0M | ||
| Q4 24 | $155.8M | $1.6B | ||
| Q3 24 | $-195.5M | $2.0B | ||
| Q2 24 | $330.2M | $623.0M | ||
| Q1 24 | $548.3M | $224.0M |
自由现金流率NCLHOXY
| Q4 25 | 1.0% | 113.4% | ||
| Q3 25 | -24.7% | 15.3% | ||
| Q2 25 | 15.1% | 15.2% | ||
| Q1 25 | -39.8% | 3.5% | ||
| Q4 24 | 7.4% | 23.0% | ||
| Q3 24 | -7.0% | 28.5% | ||
| Q2 24 | 13.9% | 9.2% | ||
| Q1 24 | 25.0% | 3.3% |
资本支出强度NCLHOXY
| Q4 25 | 19.5% | 45.4% | ||
| Q3 25 | 32.8% | 26.5% | ||
| Q2 25 | 13.3% | 31.6% | ||
| Q1 25 | 71.7% | 27.6% | ||
| Q4 24 | 11.5% | 26.0% | ||
| Q3 24 | 13.1% | 24.0% | ||
| Q2 24 | 14.4% | 26.0% | ||
| Q1 24 | 11.8% | 26.5% |
现金转化率NCLHOXY
| Q4 25 | 32.21× | 23.11× | ||
| Q3 25 | 0.56× | 3.31× | ||
| Q2 25 | 23.83× | 6.32× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 0.36× | 3.23× | ||
| Q2 24 | 4.10× | 2.05× | ||
| Q1 24 | 46.51× | 2.26× |
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
NCLH
| Passenger | $1.5B | 67% |
| Onboard And Other | $734.4M | 33% |
OXY
暂无分部数据
