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诺唯真游轮控股（NCLH）与帕兰提尔科技（PLTR）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帕兰提尔科技的1.6倍（$2.2B vs $1.4B），帕兰提尔科技净利率更高（43.3% vs 0.6%，领先42.6%），帕兰提尔科技同比增速更快（70.0% vs 6.4%），帕兰提尔科技自由现金流更多（$764.0M vs $21.5M），过去两年帕兰提尔科技的营收复合增速更高（48.9% vs 1.2%）
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%。
帕兰提尔科技是美国上市企业，专注研发数据集成与分析平台，为政府机构、军方及各行业企业提供多源数据整合分析能力。旗下核心产品Gotham与Foundry可打通相互孤立的数据库，广泛支撑情报作业、反恐分析、执法工作及企业级数据分析场景。
NCLH vs PLTR — 直观对比
营收规模更大
NCLH
是对方的1.6倍
$1.4B
营收增速更快
PLTR
高出63.6%
6.4%
净利率更高
PLTR
高出42.6%
0.6%
自由现金流更多
PLTR
多$742.6M
$21.5M
两年增速更快
PLTR
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.4B |
| 净利润 | $14.3M | $608.7M |
| 毛利率 | 41.0% | 84.6% |
| 营业利润率 | 8.3% | 40.9% |
| 净利率 | 0.6% | 43.3% |
| 营收同比 | 6.4% | 70.0% |
| 净利润同比 | -94.4% | 670.4% |
| 每股收益（稀释后） | $0.08 | $0.24 |
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NCLHPLTR
| Q4 25 | $2.2B | $1.4B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $2.5B | $1.0B | ||
| Q1 25 | $2.1B | $883.9M | ||
| Q4 24 | $2.1B | $827.5M | ||
| Q3 24 | $2.8B | $725.5M | ||
| Q2 24 | $2.4B | $678.1M | ||
| Q1 24 | $2.2B | $634.3M |
净利润NCLHPLTR
| Q4 25 | $14.3M | $608.7M | ||
| Q3 25 | $419.3M | $475.6M | ||
| Q2 25 | $30.0M | $326.7M | ||
| Q1 25 | $-40.3M | $214.0M | ||
| Q4 24 | $254.5M | $79.0M | ||
| Q3 24 | $474.9M | $143.5M | ||
| Q2 24 | $163.4M | $134.1M | ||
| Q1 24 | $17.4M | $105.5M |
毛利率NCLHPLTR
| Q4 25 | 41.0% | 84.6% | ||
| Q3 25 | 47.1% | 82.4% | ||
| Q2 25 | 42.1% | 80.8% | ||
| Q1 25 | 38.7% | 80.4% | ||
| Q4 24 | 38.0% | 78.9% | ||
| Q3 24 | 45.2% | 79.8% | ||
| Q2 24 | 38.7% | 81.0% | ||
| Q1 24 | 36.7% | 81.7% |
营业利润率NCLHPLTR
| Q4 25 | 8.3% | 40.9% | ||
| Q3 25 | 25.5% | 33.3% | ||
| Q2 25 | 16.8% | 26.8% | ||
| Q1 25 | 9.4% | 19.9% | ||
| Q4 24 | 10.2% | 1.3% | ||
| Q3 24 | 24.6% | 15.6% | ||
| Q2 24 | 14.4% | 15.5% | ||
| Q1 24 | 10.0% | 12.8% |
净利率NCLHPLTR
| Q4 25 | 0.6% | 43.3% | ||
| Q3 25 | 14.3% | 40.3% | ||
| Q2 25 | 1.2% | 32.6% | ||
| Q1 25 | -1.9% | 24.2% | ||
| Q4 24 | 12.1% | 9.5% | ||
| Q3 24 | 16.9% | 19.8% | ||
| Q2 24 | 6.9% | 19.8% | ||
| Q1 24 | 0.8% | 16.6% |
每股收益（稀释后）NCLHPLTR
| Q4 25 | $0.08 | $0.24 | ||
| Q3 25 | $0.86 | $0.18 | ||
| Q2 25 | $0.07 | $0.13 | ||
| Q1 25 | $-0.09 | $0.08 | ||
| Q4 24 | $0.55 | $0.03 | ||
| Q3 24 | $0.95 | $0.06 | ||
| Q2 24 | $0.35 | $0.06 | ||
| Q1 24 | $0.04 | $0.04 |
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 | $7.2B |
| 总债务越低越好 | $13.7B | — |
| 股东权益账面价值 | $2.2B | $7.4B |
| 总资产 | $22.5B | $8.9B |
| 负债/权益比越低杠杆越低 | 6.21× | — |
8季度趋势，按日历期对齐
现金及短期投资NCLHPLTR
| Q4 25 | $209.9M | $7.2B | ||
| Q3 25 | $166.8M | $6.4B | ||
| Q2 25 | $184.0M | $6.0B | ||
| Q1 25 | $184.4M | $5.4B | ||
| Q4 24 | $190.8M | $5.2B | ||
| Q3 24 | $332.5M | $4.6B | ||
| Q2 24 | $594.1M | $4.0B | ||
| Q1 24 | $559.8M | $3.9B |
总债务NCLHPLTR
| Q4 25 | $13.7B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $12.6B | — | ||
| Q1 25 | $12.9B | — | ||
| Q4 24 | $11.8B | — | ||
| Q3 24 | $11.8B | — | ||
| Q2 24 | $11.9B | — | ||
| Q1 24 | $12.0B | — |
股东权益NCLHPLTR
| Q4 25 | $2.2B | $7.4B | ||
| Q3 25 | $2.2B | $6.6B | ||
| Q2 25 | $1.6B | $5.9B | ||
| Q1 25 | $1.4B | $5.4B | ||
| Q4 24 | $1.4B | $5.0B | ||
| Q3 24 | $1.1B | $4.5B | ||
| Q2 24 | $693.1M | $4.1B | ||
| Q1 24 | $362.1M | $3.8B |
总资产NCLHPLTR
| Q4 25 | $22.5B | $8.9B | ||
| Q3 25 | $22.2B | $8.1B | ||
| Q2 25 | $21.6B | $7.4B | ||
| Q1 25 | $21.4B | $6.7B | ||
| Q4 24 | $20.0B | $6.3B | ||
| Q3 24 | $19.8B | $5.8B | ||
| Q2 24 | $20.1B | $5.2B | ||
| Q1 24 | $19.8B | $4.8B |
负债/权益比NCLHPLTR
| Q4 25 | 6.21× | — | ||
| Q3 25 | 6.22× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | 9.09× | — | ||
| Q4 24 | 8.26× | — | ||
| Q3 24 | 10.35× | — | ||
| Q2 24 | 17.19× | — | ||
| Q1 24 | 33.16× | — |
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 | $777.3M |
| 自由现金流经营现金流 - 资本支出 | $21.5M | $764.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 54.3% |
| 资本支出强度资本支出/营收 | 19.5% | 0.9% |
| 现金转化率经营现金流/净利润 | 32.21× | 1.28× |
| 过去12个月自由现金流最近4个季度 | $-1.2B | $2.1B |
8季度趋势，按日历期对齐
经营现金流NCLHPLTR
| Q4 25 | $459.1M | $777.3M | ||
| Q3 25 | $236.6M | $507.7M | ||
| Q2 25 | $714.9M | $539.3M | ||
| Q1 25 | $679.2M | $310.3M | ||
| Q4 24 | $399.3M | $460.3M | ||
| Q3 24 | $172.5M | $419.8M | ||
| Q2 24 | $670.9M | $144.2M | ||
| Q1 24 | $807.2M | $129.6M |
自由现金流NCLHPLTR
| Q4 25 | $21.5M | $764.0M | ||
| Q3 25 | $-726.5M | $500.9M | ||
| Q2 25 | $381.2M | $531.6M | ||
| Q1 25 | $-846.0M | $304.1M | ||
| Q4 24 | $155.8M | $457.2M | ||
| Q3 24 | $-195.5M | $415.8M | ||
| Q2 24 | $330.2M | $141.3M | ||
| Q1 24 | $548.3M | $126.9M |
自由现金流率NCLHPLTR
| Q4 25 | 1.0% | 54.3% | ||
| Q3 25 | -24.7% | 42.4% | ||
| Q2 25 | 15.1% | 53.0% | ||
| Q1 25 | -39.8% | 34.4% | ||
| Q4 24 | 7.4% | 55.3% | ||
| Q3 24 | -7.0% | 57.3% | ||
| Q2 24 | 13.9% | 20.8% | ||
| Q1 24 | 25.0% | 20.0% |
资本支出强度NCLHPLTR
| Q4 25 | 19.5% | 0.9% | ||
| Q3 25 | 32.8% | 0.6% | ||
| Q2 25 | 13.3% | 0.8% | ||
| Q1 25 | 71.7% | 0.7% | ||
| Q4 24 | 11.5% | 0.4% | ||
| Q3 24 | 13.1% | 0.5% | ||
| Q2 24 | 14.4% | 0.4% | ||
| Q1 24 | 11.8% | 0.4% |
现金转化率NCLHPLTR
| Q4 25 | 32.21× | 1.28× | ||
| Q3 25 | 0.56× | 1.07× | ||
| Q2 25 | 23.83× | 1.65× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | 1.57× | 5.83× | ||
| Q3 24 | 0.36× | 2.92× | ||
| Q2 24 | 4.10× | 1.08× | ||
| Q1 24 | 46.51× | 1.23× |
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% |
PLTR
| Geographic Concentration Risk | $1.1B | 77% |
| Other | $330.4M | 23% |
