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纽蒙特（NEM）与皇家加勒比集团（RCL）财务数据对比。点击上方公司名可切换其他公司
纽蒙特的季度营收约是皇家加勒比集团的1.7倍（$7.3B vs $4.3B），纽蒙特净利率更高（26.0% vs 17.7%，领先8.3%），皇家加勒比集团同比增速更快（13.3% vs -31.4%），纽蒙特自由现金流更多（$1.2B vs $116.0M），过去两年纽蒙特的营收复合增速更高（28.8% vs 6.9%）
纽蒙特公司是总部位于美国科罗拉多州丹佛市的金矿企业，为全球规模最大的金矿开采集团。公司成立于1921年，在全球十余个国家持有金矿资产，还与巴里克矿业共同持有内华达金矿的部分股权，除黄金外也开采铜、银、锌、铅等多种金属。
皇家加勒比集团前身为皇家加勒比邮轮有限公司，是仅次于嘉年华公司的全球第二大邮轮运营商。集团总部位于美国佛罗里达州迈阿密，在利比里亚注册，目前全资拥有皇家加勒比国际游轮、名人邮轮、银海邮轮三大品牌，还持有途易邮轮50%的股份。
NEM vs RCL — 直观对比
营收规模更大
NEM
是对方的1.7倍
$4.3B
营收增速更快
RCL
高出44.7%
-31.4%
净利率更高
NEM
高出8.3%
17.7%
自由现金流更多
NEM
多$1.1B
$116.0M
两年增速更快
NEM
近两年复合增速
6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.3B | $4.3B |
| 净利润 | $1.9B | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | — | 21.9% |
| 净利率 | 26.0% | 17.7% |
| 营收同比 | -31.4% | 13.3% |
| 净利润同比 | -8.3% | 36.4% |
| 每股收益（稀释后） | $1.68 | $2.76 |
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NEMRCL
| Q1 26 | $7.3B | — | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $5.5B | $5.1B | ||
| Q2 25 | $5.3B | $4.5B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $5.7B | $3.8B | ||
| Q3 24 | $4.6B | $4.9B | ||
| Q2 24 | $4.4B | $4.1B |
净利润NEMRCL
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.3B | $753.0M | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $1.9B | $730.0M | ||
| Q4 24 | $1.4B | $552.0M | ||
| Q3 24 | $922.0M | $1.1B | ||
| Q2 24 | $853.0M | $854.0M |
毛利率NEMRCL
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
营业利润率NEMRCL
| Q1 26 | — | — | ||
| Q4 25 | 47.6% | 21.9% | ||
| Q3 25 | 45.4% | 33.1% | ||
| Q2 25 | 58.6% | 29.3% | ||
| Q1 25 | 49.3% | 23.6% | ||
| Q4 24 | 36.3% | 16.6% | ||
| Q3 24 | 23.0% | 33.4% | ||
| Q2 24 | 23.5% | 26.7% |
净利率NEMRCL
| Q1 26 | 26.0% | — | ||
| Q4 25 | 19.1% | 17.7% | ||
| Q3 25 | 33.2% | 30.6% | ||
| Q2 25 | 38.8% | 26.7% | ||
| Q1 25 | 37.7% | 18.3% | ||
| Q4 24 | 24.8% | 14.7% | ||
| Q3 24 | 20.0% | 22.7% | ||
| Q2 24 | 19.4% | 20.8% |
每股收益（稀释后）NEMRCL
| Q1 26 | $1.68 | — | ||
| Q4 25 | $1.19 | $2.76 | ||
| Q3 25 | $1.67 | $5.74 | ||
| Q2 25 | $1.85 | $4.41 | ||
| Q1 25 | $1.68 | $2.70 | ||
| Q4 24 | $1.23 | $2.27 | ||
| Q3 24 | $0.80 | $4.21 | ||
| Q2 24 | $0.74 | $3.11 |
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 | $4.7B | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | $31.4B | $10.0B |
| 总资产 | $55.5B | $41.6B |
| 负债/权益比越低杠杆越低 | — | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资NEMRCL
| Q1 26 | $4.7B | — | ||
| Q4 25 | $8.2B | $825.0M | ||
| Q3 25 | $6.0B | $432.0M | ||
| Q2 25 | $6.7B | $735.0M | ||
| Q1 25 | $4.7B | $386.0M | ||
| Q4 24 | $3.6B | $388.0M | ||
| Q3 24 | $3.1B | $418.0M | ||
| Q2 24 | $2.7B | $391.0M |
总债务NEMRCL
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $18.2B | ||
| Q3 25 | $5.2B | $17.2B | ||
| Q2 25 | $7.1B | $17.6B | ||
| Q1 25 | $7.5B | $18.0B | ||
| Q4 24 | $8.5B | $18.5B | ||
| Q3 24 | $8.6B | $19.0B | ||
| Q2 24 | $8.7B | $19.8B |
股东权益NEMRCL
| Q1 26 | $31.4B | — | ||
| Q4 25 | $33.9B | $10.0B | ||
| Q3 25 | $33.2B | $10.1B | ||
| Q2 25 | $32.1B | $9.2B | ||
| Q1 25 | $31.2B | $8.0B | ||
| Q4 24 | $29.9B | $7.6B | ||
| Q3 24 | $29.7B | $7.0B | ||
| Q2 24 | $29.4B | $6.0B |
总资产NEMRCL
| Q1 26 | $55.5B | — | ||
| Q4 25 | $57.1B | $41.6B | ||
| Q3 25 | $54.7B | $40.1B | ||
| Q2 25 | $55.2B | $38.5B | ||
| Q1 25 | $55.5B | $37.5B | ||
| Q4 24 | $56.3B | $37.1B | ||
| Q3 24 | $56.2B | $37.1B | ||
| Q2 24 | $55.7B | $37.0B |
负债/权益比NEMRCL
| Q1 26 | — | — | ||
| Q4 25 | 0.15× | 1.81× | ||
| Q3 25 | 0.16× | 1.70× | ||
| Q2 25 | 0.22× | 1.92× | ||
| Q1 25 | 0.24× | 2.26× | ||
| Q4 24 | 0.28× | 2.44× | ||
| Q3 24 | 0.29× | 2.69× | ||
| Q2 24 | 0.30× | 3.29× |
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 | — | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $116.0M |
| 自由现金流率自由现金流/营收 | 16.5% | 2.7% |
| 资本支出强度资本支出/营收 | 11.3% | 35.4% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $7.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流NEMRCL
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $1.6B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.4B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $2.5B | $1.5B | ||
| Q3 24 | $1.6B | $897.0M | ||
| Q2 24 | $1.4B | $1.6B |
自由现金流NEMRCL
| Q1 26 | $1.2B | — | ||
| Q4 25 | $2.8B | $116.0M | ||
| Q3 25 | $1.6B | $-989.0M | ||
| Q2 25 | $1.7B | $910.0M | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.6B | $915.0M | ||
| Q3 24 | $771.0M | $563.0M | ||
| Q2 24 | $628.0M | $-567.0M |
自由现金流率NEMRCL
| Q1 26 | 16.5% | — | ||
| Q4 25 | 41.3% | 2.7% | ||
| Q3 25 | 28.4% | -19.2% | ||
| Q2 25 | 32.2% | 20.1% | ||
| Q1 25 | 24.1% | 30.0% | ||
| Q4 24 | 28.9% | 24.3% | ||
| Q3 24 | 16.7% | 11.5% | ||
| Q2 24 | 14.3% | -13.8% |
资本支出强度NEMRCL
| Q1 26 | 11.3% | — | ||
| Q4 25 | 11.9% | 35.4% | ||
| Q3 25 | 13.2% | 47.8% | ||
| Q2 25 | 12.7% | 18.4% | ||
| Q1 25 | 16.5% | 10.7% | ||
| Q4 24 | 15.5% | 14.7% | ||
| Q3 24 | 19.0% | 6.8% | ||
| Q2 24 | 18.2% | 52.1% |
现金转化率NEMRCL
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 2.16× | ||
| Q3 25 | 1.25× | 0.93× | ||
| Q2 25 | 1.16× | 1.44× | ||
| Q1 25 | 1.07× | 2.23× | ||
| Q4 24 | 1.79× | 2.66× | ||
| Q3 24 | 1.79× | 0.81× | ||
| Q2 24 | 1.67× | 1.84× |
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
NEM
| Consolidated gold sales, net | $6.0B | 83% |
| Other | $506.0M | 7% |
| Consolidated copper sales, net | $354.0M | 5% |
| Consolidated silver sales, net | $188.0M | 3% |
| Consolidated zinc sales, net | $181.0M | 2% |
| Consolidated lead sales, net | $42.0M | 1% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
