vs
诺唯真游轮控股（NCLH）与Pool Corporation（POOL）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Pool Corporation的2.0倍（$2.2B vs $1.1B），Pool Corporation净利率更高（4.7% vs 0.6%，领先4.0%），诺唯真游轮控股同比增速更快（6.4% vs 6.2%），过去两年诺唯真游轮控股的营收复合增速更高（1.2% vs -19.8%）
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%。
Pool Corporation（简称POOLCORP）是全球最大的游泳池用品、设备及机械分销商，注册地为美国特拉华州，总部位于路易斯安那州卡温顿。公司在北美、欧洲、澳大利亚运营439个销售中心，服务约12.5万客户，过半收入来自美国加州、得州、佛罗里达及亚利桑那市场，受益于人口向温暖气候区迁移的趋势。
NCLH vs POOL — 直观对比
营收规模更大
NCLH
是对方的2.0倍
$1.1B
营收增速更快
NCLH
高出0.2%
6.2%
净利率更高
POOL
高出4.0%
0.6%
两年增速更快
NCLH
近两年复合增速
-19.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.1B |
| 净利润 | $14.3M | $53.2M |
| 毛利率 | 41.0% | 29.0% |
| 营业利润率 | 8.3% | 7.3% |
| 净利率 | 0.6% | 4.7% |
| 营收同比 | 6.4% | 6.2% |
| 净利润同比 | -94.4% | -0.6% |
| 每股收益（稀释后） | $0.08 | $1.45 |
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NCLHPOOL
| Q1 26 | — | $1.1B | ||
| Q4 25 | $2.2B | $982.2M | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $987.5M | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.4B | $1.8B |
净利润NCLHPOOL
| Q1 26 | — | $53.2M | ||
| Q4 25 | $14.3M | $31.6M | ||
| Q3 25 | $419.3M | $127.0M | ||
| Q2 25 | $30.0M | $194.3M | ||
| Q1 25 | $-40.3M | $53.5M | ||
| Q4 24 | $254.5M | $37.3M | ||
| Q3 24 | $474.9M | $125.7M | ||
| Q2 24 | $163.4M | $192.4M |
毛利率NCLHPOOL
| Q1 26 | — | 29.0% | ||
| Q4 25 | 41.0% | 30.1% | ||
| Q3 25 | 47.1% | 29.6% | ||
| Q2 25 | 42.1% | 30.0% | ||
| Q1 25 | 38.7% | 29.2% | ||
| Q4 24 | 38.0% | 29.4% | ||
| Q3 24 | 45.2% | 29.1% | ||
| Q2 24 | 38.7% | 30.0% |
营业利润率NCLHPOOL
| Q1 26 | — | 7.3% | ||
| Q4 25 | 8.3% | 5.3% | ||
| Q3 25 | 25.5% | 12.3% | ||
| Q2 25 | 16.8% | 15.3% | ||
| Q1 25 | 9.4% | 7.2% | ||
| Q4 24 | 10.2% | 6.1% | ||
| Q3 24 | 24.6% | 12.3% | ||
| Q2 24 | 14.4% | 15.3% |
净利率NCLHPOOL
| Q1 26 | — | 4.7% | ||
| Q4 25 | 0.6% | 3.2% | ||
| Q3 25 | 14.3% | 8.8% | ||
| Q2 25 | 1.2% | 10.9% | ||
| Q1 25 | -1.9% | 5.0% | ||
| Q4 24 | 12.1% | 3.8% | ||
| Q3 24 | 16.9% | 8.8% | ||
| Q2 24 | 6.9% | 10.9% |
每股收益（稀释后）NCLHPOOL
| Q1 26 | — | $1.45 | ||
| Q4 25 | $0.08 | $0.86 | ||
| Q3 25 | $0.86 | $3.40 | ||
| Q2 25 | $0.07 | $5.17 | ||
| Q1 25 | $-0.09 | $1.42 | ||
| Q4 24 | $0.55 | $1.00 | ||
| Q3 24 | $0.95 | $3.27 | ||
| Q2 24 | $0.35 | $4.99 |
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 | $64.5M |
| 总债务越低越好 | $13.7B | — |
| 股东权益账面价值 | $2.2B | — |
| 总资产 | $22.5B | $4.0B |
| 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NCLHPOOL
| Q1 26 | — | $64.5M | ||
| Q4 25 | $209.9M | — | ||
| Q3 25 | $166.8M | — | ||
| Q2 25 | $184.0M | — | ||
| Q1 25 | $184.4M | — | ||
| Q4 24 | $190.8M | — | ||
| Q3 24 | $332.5M | — | ||
| Q2 24 | $594.1M | — |
总债务NCLHPOOL
| Q1 26 | — | — | ||
| Q4 25 | $13.7B | — | ||
| Q3 25 | $13.6B | $1.0B | ||
| Q2 25 | $12.6B | $1.2B | ||
| Q1 25 | $12.9B | $968.0M | ||
| Q4 24 | $11.8B | — | ||
| Q3 24 | $11.8B | $879.1M | ||
| Q2 24 | $11.9B | $1.1B |
股东权益NCLHPOOL
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $693.1M | $1.4B |
总资产NCLHPOOL
| Q1 26 | — | $4.0B | ||
| Q4 25 | $22.5B | $3.6B | ||
| Q3 25 | $22.2B | $3.5B | ||
| Q2 25 | $21.6B | $3.7B | ||
| Q1 25 | $21.4B | $3.7B | ||
| Q4 24 | $20.0B | $3.4B | ||
| Q3 24 | $19.8B | $3.4B | ||
| Q2 24 | $20.1B | $3.6B |
负债/权益比NCLHPOOL
| Q1 26 | — | — | ||
| Q4 25 | 6.21× | — | ||
| Q3 25 | 6.22× | 0.76× | ||
| Q2 25 | 8.05× | 0.93× | ||
| Q1 25 | 9.09× | 0.78× | ||
| Q4 24 | 8.26× | — | ||
| Q3 24 | 10.35× | 0.61× | ||
| Q2 24 | 17.19× | 0.75× |
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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $21.5M | — |
| 自由现金流率自由现金流/营收 | 1.0% | — |
| 资本支出强度资本支出/营收 | 19.5% | — |
| 现金转化率经营现金流/净利润 | 32.21× | 0.48× |
| 过去12个月自由现金流最近4个季度 | $-1.2B | — |
8季度趋势，按日历期对齐
经营现金流NCLHPOOL
| Q1 26 | — | $25.7M | ||
| Q4 25 | $459.1M | $80.1M | ||
| Q3 25 | $236.6M | $287.3M | ||
| Q2 25 | $714.9M | $-28.8M | ||
| Q1 25 | $679.2M | $27.2M | ||
| Q4 24 | $399.3M | $170.6M | ||
| Q3 24 | $172.5M | $316.5M | ||
| Q2 24 | $670.9M | $26.7M |
自由现金流NCLHPOOL
| Q1 26 | — | — | ||
| Q4 25 | $21.5M | $71.9M | ||
| Q3 25 | $-726.5M | $266.6M | ||
| Q2 25 | $381.2M | $-42.9M | ||
| Q1 25 | $-846.0M | $13.9M | ||
| Q4 24 | $155.8M | $157.0M | ||
| Q3 24 | $-195.5M | $305.5M | ||
| Q2 24 | $330.2M | $8.8M |
自由现金流率NCLHPOOL
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 7.3% | ||
| Q3 25 | -24.7% | 18.4% | ||
| Q2 25 | 15.1% | -2.4% | ||
| Q1 25 | -39.8% | 1.3% | ||
| Q4 24 | 7.4% | 15.9% | ||
| Q3 24 | -7.0% | 21.3% | ||
| Q2 24 | 13.9% | 0.5% |
资本支出强度NCLHPOOL
| Q1 26 | — | — | ||
| Q4 25 | 19.5% | 0.8% | ||
| Q3 25 | 32.8% | 1.4% | ||
| Q2 25 | 13.3% | 0.8% | ||
| Q1 25 | 71.7% | 1.2% | ||
| Q4 24 | 11.5% | 1.4% | ||
| Q3 24 | 13.1% | 0.8% | ||
| Q2 24 | 14.4% | 1.0% |
现金转化率NCLHPOOL
| Q1 26 | — | 0.48× | ||
| Q4 25 | 32.21× | 2.54× | ||
| Q3 25 | 0.56× | 2.26× | ||
| Q2 25 | 23.83× | -0.15× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | 1.57× | 4.57× | ||
| Q3 24 | 0.36× | 2.52× | ||
| Q2 24 | 4.10× | 0.14× |
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% |
POOL
暂无分部数据
