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诺唯真游轮控股（NCLH）与希捷科技（STX）财务数据对比。点击上方公司名可切换其他公司
希捷科技的季度营收约是诺唯真游轮控股的1.4倍（$3.1B vs $2.2B），希捷科技净利率更高（24.0% vs 0.6%，领先23.4%），希捷科技同比增速更快（44.1% vs 6.4%），希捷科技自由现金流更多（$953.0M vs $21.5M），过去两年希捷科技的营收复合增速更高（28.4% 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%。
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
NCLH vs STX — 直观对比
营收规模更大
STX
是对方的1.4倍
$2.2B
营收增速更快
STX
高出37.7%
6.4%
净利率更高
STX
高出23.4%
0.6%
自由现金流更多
STX
多$931.5M
$21.5M
两年增速更快
STX
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $3.1B |
| 净利润 | $14.3M | $748.0M |
| 毛利率 | 41.0% | 46.5% |
| 营业利润率 | 8.3% | 32.1% |
| 净利率 | 0.6% | 24.0% |
| 营收同比 | 6.4% | 44.1% |
| 净利润同比 | -94.4% | -23.8% |
| 每股收益（稀释后） | $0.08 | $3.27 |
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NCLHSTX
| Q3 26 | — | $3.1B | ||
| Q1 26 | — | $2.8B | ||
| Q4 25 | $2.2B | $2.6B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.5B | $2.4B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.8B | $2.2B |
净利润NCLHSTX
| Q3 26 | — | $748.0M | ||
| Q1 26 | — | $593.0M | ||
| Q4 25 | $14.3M | $549.0M | ||
| Q3 25 | $419.3M | — | ||
| Q2 25 | $30.0M | $488.0M | ||
| Q1 25 | $-40.3M | $340.0M | ||
| Q4 24 | $254.5M | $336.0M | ||
| Q3 24 | $474.9M | $305.0M |
毛利率NCLHSTX
| Q3 26 | — | 46.5% | ||
| Q1 26 | — | 41.6% | ||
| Q4 25 | 41.0% | 39.4% | ||
| Q3 25 | 47.1% | — | ||
| Q2 25 | 42.1% | 37.4% | ||
| Q1 25 | 38.7% | 35.2% | ||
| Q4 24 | 38.0% | 34.9% | ||
| Q3 24 | 45.2% | 32.9% |
营业利润率NCLHSTX
| Q3 26 | — | 32.1% | ||
| Q1 26 | — | 29.8% | ||
| Q4 25 | 8.3% | 26.4% | ||
| Q3 25 | 25.5% | — | ||
| Q2 25 | 16.8% | 23.2% | ||
| Q1 25 | 9.4% | 20.0% | ||
| Q4 24 | 10.2% | 21.0% | ||
| Q3 24 | 24.6% | 18.6% |
净利率NCLHSTX
| Q3 26 | — | 24.0% | ||
| Q1 26 | — | 21.0% | ||
| Q4 25 | 0.6% | 20.9% | ||
| Q3 25 | 14.3% | — | ||
| Q2 25 | 1.2% | 20.0% | ||
| Q1 25 | -1.9% | 15.7% | ||
| Q4 24 | 12.1% | 14.5% | ||
| Q3 24 | 16.9% | 14.1% |
每股收益（稀释后）NCLHSTX
| Q3 26 | — | $3.27 | ||
| Q1 26 | — | $2.60 | ||
| Q4 25 | $0.08 | $2.43 | ||
| Q3 25 | $0.86 | — | ||
| Q2 25 | $0.07 | $2.24 | ||
| Q1 25 | $-0.09 | $1.57 | ||
| Q4 24 | $0.55 | $1.55 | ||
| Q3 24 | $0.95 | $1.41 |
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 | $1.1B |
| 总债务越低越好 | $13.7B | $3.9B |
| 股东权益账面价值 | $2.2B | — |
| 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NCLHSTX
| Q3 26 | — | $1.1B | ||
| Q1 26 | — | $1.0B | ||
| Q4 25 | $209.9M | $1.1B | ||
| Q3 25 | $166.8M | — | ||
| Q2 25 | $184.0M | $891.0M | ||
| Q1 25 | $184.4M | $814.0M | ||
| Q4 24 | $190.8M | $1.2B | ||
| Q3 24 | $332.5M | $1.2B |
总债务NCLHSTX
| Q3 26 | — | $3.9B | ||
| Q1 26 | — | — | ||
| Q4 25 | $13.7B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $12.6B | — | ||
| Q1 25 | $12.9B | — | ||
| Q4 24 | $11.8B | — | ||
| Q3 24 | $11.8B | — |
股东权益NCLHSTX
| Q3 26 | — | — | ||
| Q1 26 | — | $459.0M | ||
| Q4 25 | $2.2B | $-63.0M | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.6B | $-453.0M | ||
| Q1 25 | $1.4B | $-829.0M | ||
| Q4 24 | $1.4B | $-1.1B | ||
| Q3 24 | $1.1B | $-1.3B |
总资产NCLHSTX
| Q3 26 | — | $8.9B | ||
| Q1 26 | — | $8.7B | ||
| Q4 25 | $22.5B | $8.4B | ||
| Q3 25 | $22.2B | — | ||
| Q2 25 | $21.6B | $8.0B | ||
| Q1 25 | $21.4B | $7.6B | ||
| Q4 24 | $20.0B | $8.0B | ||
| Q3 24 | $19.8B | $8.0B |
负债/权益比NCLHSTX
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 6.21× | — | ||
| Q3 25 | 6.22× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | 9.09× | — | ||
| Q4 24 | 8.26× | — | ||
| Q3 24 | 10.35× | — |
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 | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $21.5M | $953.0M |
| 自由现金流率自由现金流/营收 | 1.0% | 30.6% |
| 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× | 3.17× |
| 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NCLHSTX
| Q3 26 | — | $2.4B | ||
| Q1 26 | — | — | ||
| Q4 25 | $459.1M | $532.0M | ||
| Q3 25 | $236.6M | — | ||
| Q2 25 | $714.9M | $508.0M | ||
| Q1 25 | $679.2M | $259.0M | ||
| Q4 24 | $399.3M | $221.0M | ||
| Q3 24 | $172.5M | $95.0M |
自由现金流NCLHSTX
| Q3 26 | — | $953.0M | ||
| Q1 26 | — | — | ||
| Q4 25 | $21.5M | $427.0M | ||
| Q3 25 | $-726.5M | — | ||
| Q2 25 | $381.2M | $425.0M | ||
| Q1 25 | $-846.0M | $216.0M | ||
| Q4 24 | $155.8M | $150.0M | ||
| Q3 24 | $-195.5M | $27.0M |
自由现金流率NCLHSTX
| Q3 26 | — | 30.6% | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 16.2% | ||
| Q3 25 | -24.7% | — | ||
| Q2 25 | 15.1% | 17.4% | ||
| Q1 25 | -39.8% | 10.0% | ||
| Q4 24 | 7.4% | 6.5% | ||
| Q3 24 | -7.0% | 1.2% |
资本支出强度NCLHSTX
| Q3 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 19.5% | 4.0% | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 13.3% | 3.4% | ||
| Q1 25 | 71.7% | 2.0% | ||
| Q4 24 | 11.5% | 3.1% | ||
| Q3 24 | 13.1% | 3.1% |
现金转化率NCLHSTX
| Q3 26 | — | 3.17× | ||
| Q1 26 | — | — | ||
| Q4 25 | 32.21× | 0.97× | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 23.83× | 1.04× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | 1.57× | 0.66× | ||
| Q3 24 | 0.36× | 0.31× |
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% |
STX
暂无分部数据
