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诺唯真游轮控股（NCLH）与RENAISSANCERE HOLDINGS LTD（RNR）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RENAISSANCERE HOLDINGS LTD的1.0倍（$2.2B vs $2.2B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 0.6%，领先22.9%），诺唯真游轮控股同比增速更快（6.4% vs -36.8%），过去两年诺唯真游轮控股的营收复合增速更高（1.2% vs -11.9%）
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%。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
NCLH vs RNR — 直观对比
营收规模更大
NCLH
是对方的1.0倍
$2.2B
营收增速更快
NCLH
高出43.2%
-36.8%
净利率更高
RNR
高出22.9%
0.6%
两年增速更快
NCLH
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.2B |
| 净利润 | $14.3M | $515.8M |
| 毛利率 | 41.0% | — |
| 营业利润率 | 8.3% | — |
| 净利率 | 0.6% | 23.5% |
| 营收同比 | 6.4% | -36.8% |
| 净利润同比 | -94.4% | 72.6% |
| 每股收益（稀释后） | $0.08 | $6.57 |
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NCLHRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $2.2B | $3.0B | ||
| Q3 25 | $2.9B | $3.2B | ||
| Q2 25 | $2.5B | $3.2B | ||
| Q1 25 | $2.1B | $3.5B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $2.4B | $2.8B |
净利润NCLHRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $14.3M | $760.5M | ||
| Q3 25 | $419.3M | $916.5M | ||
| Q2 25 | $30.0M | $835.4M | ||
| Q1 25 | $-40.3M | $170.0M | ||
| Q4 24 | $254.5M | $-189.7M | ||
| Q3 24 | $474.9M | $1.2B | ||
| Q2 24 | $163.4M | $503.9M |
毛利率NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | 41.0% | — | ||
| Q3 25 | 47.1% | — | ||
| Q2 25 | 42.1% | — | ||
| Q1 25 | 38.7% | — | ||
| Q4 24 | 38.0% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 38.7% | — |
营业利润率NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | 8.3% | 42.5% | ||
| Q3 25 | 25.5% | 46.3% | ||
| Q2 25 | 16.8% | 41.8% | ||
| Q1 25 | 9.4% | -2.0% | ||
| Q4 24 | 10.2% | -3.6% | ||
| Q3 24 | 24.6% | 43.7% | ||
| Q2 24 | 14.4% | 25.0% |
净利率NCLHRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 0.6% | 25.6% | ||
| Q3 25 | 14.3% | 28.7% | ||
| Q2 25 | 1.2% | 26.1% | ||
| Q1 25 | -1.9% | 4.9% | ||
| Q4 24 | 12.1% | -8.3% | ||
| Q3 24 | 16.9% | 29.8% | ||
| Q2 24 | 6.9% | 17.8% |
每股收益（稀释后）NCLHRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.08 | $16.16 | ||
| Q3 25 | $0.86 | $19.40 | ||
| Q2 25 | $0.07 | $17.20 | ||
| Q1 25 | $-0.09 | $3.27 | ||
| Q4 24 | $0.55 | $-3.76 | ||
| Q3 24 | $0.95 | $22.62 | ||
| Q2 24 | $0.35 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | $13.7B | — |
| 股东权益账面价值 | $2.2B | $4.3B |
| 总资产 | $22.5B | $53.7B |
| 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NCLHRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $209.9M | $1.7B | ||
| Q3 25 | $166.8M | $1.7B | ||
| Q2 25 | $184.0M | $1.4B | ||
| Q1 25 | $184.4M | $1.6B | ||
| Q4 24 | $190.8M | $1.7B | ||
| Q3 24 | $332.5M | $1.6B | ||
| Q2 24 | $594.1M | $1.6B |
总债务NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | $13.7B | $2.3B | ||
| Q3 25 | $13.6B | $2.2B | ||
| Q2 25 | $12.6B | $2.3B | ||
| Q1 25 | $12.9B | $2.8B | ||
| Q4 24 | $11.8B | $1.9B | ||
| Q3 24 | $11.8B | $1.9B | ||
| Q2 24 | $11.9B | $2.0B |
股东权益NCLHRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.2B | $11.6B | ||
| Q3 25 | $2.2B | $11.5B | ||
| Q2 25 | $1.6B | $10.8B | ||
| Q1 25 | $1.4B | $10.3B | ||
| Q4 24 | $1.4B | $10.6B | ||
| Q3 24 | $1.1B | $11.2B | ||
| Q2 24 | $693.1M | $10.2B |
总资产NCLHRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $22.5B | $53.8B | ||
| Q3 25 | $22.2B | $54.5B | ||
| Q2 25 | $21.6B | $54.7B | ||
| Q1 25 | $21.4B | $53.6B | ||
| Q4 24 | $20.0B | $50.7B | ||
| Q3 24 | $19.8B | $52.8B | ||
| Q2 24 | $20.1B | $51.6B |
负债/权益比NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | 6.21× | 0.20× | ||
| Q3 25 | 6.22× | 0.19× | ||
| Q2 25 | 8.05× | 0.21× | ||
| Q1 25 | 9.09× | 0.27× | ||
| Q4 24 | 8.26× | 0.18× | ||
| Q3 24 | 10.35× | 0.17× | ||
| Q2 24 | 17.19× | 0.19× |
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 | — |
| 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× | — |
| 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NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | $459.1M | $483.0M | ||
| Q3 25 | $236.6M | $1.6B | ||
| Q2 25 | $714.9M | $1.5B | ||
| Q1 25 | $679.2M | $157.8M | ||
| Q4 24 | $399.3M | $778.9M | ||
| Q3 24 | $172.5M | $1.5B | ||
| Q2 24 | $670.9M | $1.2B |
自由现金流NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | $21.5M | — | ||
| Q3 25 | $-726.5M | — | ||
| Q2 25 | $381.2M | — | ||
| Q1 25 | $-846.0M | — | ||
| Q4 24 | $155.8M | — | ||
| Q3 24 | $-195.5M | — | ||
| Q2 24 | $330.2M | — |
自由现金流率NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | — | ||
| Q3 25 | -24.7% | — | ||
| Q2 25 | 15.1% | — | ||
| Q1 25 | -39.8% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | -7.0% | — | ||
| Q2 24 | 13.9% | — |
资本支出强度NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | 19.5% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 13.3% | — | ||
| Q1 25 | 71.7% | — | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 13.1% | — | ||
| Q2 24 | 14.4% | — |
现金转化率NCLHRNR
| Q1 26 | — | — | ||
| Q4 25 | 32.21× | 0.64× | ||
| Q3 25 | 0.56× | 1.73× | ||
| Q2 25 | 23.83× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 0.36× | 1.26× | ||
| Q2 24 | 4.10× | 2.41× |
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% |
RNR
暂无分部数据
