vs
诺唯真游轮控股（NCLH）与Roper Technologies（ROP）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Roper Technologies的1.1倍（$2.2B vs $2.1B），Roper Technologies净利率更高（15.8% vs 0.6%，领先15.2%），Roper Technologies同比增速更快（11.3% vs 6.4%），Roper Technologies自由现金流更多（$507.0M vs $21.5M），过去两年Roper Technologies的营收复合增速更高（10.5% 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%。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
NCLH vs ROP — 直观对比
营收规模更大
NCLH
是对方的1.1倍
$2.1B
营收增速更快
ROP
高出4.9%
6.4%
净利率更高
ROP
高出15.2%
0.6%
自由现金流更多
ROP
多$485.5M
$21.5M
两年增速更快
ROP
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $2.1B |
| 净利润 | $14.3M | $331.0M |
| 毛利率 | 41.0% | 69.4% |
| 营业利润率 | 8.3% | 27.2% |
| 净利率 | 0.6% | 15.8% |
| 营收同比 | 6.4% | 11.3% |
| 净利润同比 | -94.4% | 53.7% |
| 每股收益（稀释后） | $0.08 | $4.87 |
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NCLHROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.5B | $1.9B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.4B | $1.7B |
净利润NCLHROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $14.3M | $428.4M | ||
| Q3 25 | $419.3M | $398.5M | ||
| Q2 25 | $30.0M | $378.3M | ||
| Q1 25 | $-40.3M | $331.1M | ||
| Q4 24 | $254.5M | $462.3M | ||
| Q3 24 | $474.9M | $367.9M | ||
| Q2 24 | $163.4M | $337.1M |
毛利率NCLHROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | 41.0% | 69.5% | ||
| Q3 25 | 47.1% | 69.5% | ||
| Q2 25 | 42.1% | 69.2% | ||
| Q1 25 | 38.7% | 68.7% | ||
| Q4 24 | 38.0% | 68.3% | ||
| Q3 24 | 45.2% | 69.2% | ||
| Q2 24 | 38.7% | 69.5% |
营业利润率NCLHROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 8.3% | 28.6% | ||
| Q3 25 | 25.5% | 28.4% | ||
| Q2 25 | 16.8% | 28.2% | ||
| Q1 25 | 9.4% | 27.9% | ||
| Q4 24 | 10.2% | 28.0% | ||
| Q3 24 | 24.6% | 28.1% | ||
| Q2 24 | 14.4% | 28.8% |
净利率NCLHROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 0.6% | 20.8% | ||
| Q3 25 | 14.3% | 19.8% | ||
| Q2 25 | 1.2% | 19.5% | ||
| Q1 25 | -1.9% | 17.6% | ||
| Q4 24 | 12.1% | 24.6% | ||
| Q3 24 | 16.9% | 20.8% | ||
| Q2 24 | 6.9% | 19.6% |
每股收益（稀释后）NCLHROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $0.08 | $3.97 | ||
| Q3 25 | $0.86 | $3.68 | ||
| Q2 25 | $0.07 | $3.49 | ||
| Q1 25 | $-0.09 | $3.06 | ||
| Q4 24 | $0.55 | $4.29 | ||
| Q3 24 | $0.95 | $3.40 | ||
| Q2 24 | $0.35 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $13.7B | $9.7B |
| 股东权益账面价值 | $2.2B | $18.8B |
| 总资产 | $22.5B | $34.6B |
| 负债/权益比越低杠杆越低 | 6.21× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资NCLHROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $209.9M | $297.4M | ||
| Q3 25 | $166.8M | $320.0M | ||
| Q2 25 | $184.0M | $242.4M | ||
| Q1 25 | $184.4M | $372.8M | ||
| Q4 24 | $190.8M | $188.2M | ||
| Q3 24 | $332.5M | $269.6M | ||
| Q2 24 | $594.1M | $251.5M |
总债务NCLHROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $13.7B | $9.3B | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $12.6B | — | ||
| Q1 25 | $12.9B | — | ||
| Q4 24 | $11.8B | $7.6B | ||
| Q3 24 | $11.8B | — | ||
| Q2 24 | $11.9B | — |
股东权益NCLHROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $2.2B | $19.9B | ||
| Q3 25 | $2.2B | $20.0B | ||
| Q2 25 | $1.6B | $19.6B | ||
| Q1 25 | $1.4B | $19.2B | ||
| Q4 24 | $1.4B | $18.9B | ||
| Q3 24 | $1.1B | $18.5B | ||
| Q2 24 | $693.1M | $18.1B |
总资产NCLHROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $22.5B | $34.6B | ||
| Q3 25 | $22.2B | $34.6B | ||
| Q2 25 | $21.6B | $33.2B | ||
| Q1 25 | $21.4B | $31.4B | ||
| Q4 24 | $20.0B | $31.3B | ||
| Q3 24 | $19.8B | $31.6B | ||
| Q2 24 | $20.1B | $29.8B |
负债/权益比NCLHROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 6.21× | 0.47× | ||
| Q3 25 | 6.22× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | 9.09× | — | ||
| Q4 24 | 8.26× | 0.40× | ||
| Q3 24 | 10.35× | — | ||
| Q2 24 | 17.19× | — |
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 | $507.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 24.2% |
| 资本支出强度资本支出/营收 | 19.5% | 0.5% |
| 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NCLHROP
| Q1 26 | — | — | ||
| Q4 25 | $459.1M | $738.0M | ||
| Q3 25 | $236.6M | $869.5M | ||
| Q2 25 | $714.9M | $404.1M | ||
| Q1 25 | $679.2M | $528.7M | ||
| Q4 24 | $399.3M | $722.2M | ||
| Q3 24 | $172.5M | $755.4M | ||
| Q2 24 | $670.9M | $384.1M |
自由现金流NCLHROP
| Q1 26 | — | $507.0M | ||
| 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NCLHROP
| Q1 26 | — | 24.2% | ||
| 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NCLHROP
| Q1 26 | — | 0.5% | ||
| 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NCLHROP
| Q1 26 | — | — | ||
| Q4 25 | 32.21× | 1.72× | ||
| Q3 25 | 0.56× | 2.18× | ||
| Q2 25 | 23.83× | 1.07× | ||
| Q1 25 | — | 1.60× | ||
| Q4 24 | 1.57× | 1.56× | ||
| Q3 24 | 0.36× | 2.05× | ||
| Q2 24 | 4.10× | 1.14× |
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% |
ROP
暂无分部数据
