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ServiceNow（NOW）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
皇家加勒比集团的季度营收约是ServiceNow的1.2倍（$4.5B vs $3.8B），皇家加勒比集团净利率更高（21.3% vs 12.4%，领先8.9%），皇家加勒比集团同比增速更快（11.3% vs 2.8%），过去两年ServiceNow的营收复合增速更高（19.8% vs 4.1%）
ServiceNow是2003年由弗雷德·卢迪在美国加利福尼亚州圣克拉拉创立的软件企业，主打云计算平台产品，可支持企业搭建及管理自动化业务工作流。公司于纽交所上市，现为标普100及标普500指数成分股。
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。
NOW vs RCL — 直观对比
营收规模更大
RCL
是对方的1.2倍
$3.8B
营收增速更快
RCL
高出8.5%
2.8%
净利率更高
RCL
高出8.9%
12.4%
两年增速更快
NOW
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.5B |
| 净利润 | $469.0M | $950.0M |
| 毛利率 | 75.1% | — |
| 营业利润率 | 13.3% | 26.1% |
| 净利率 | 12.4% | 21.3% |
| 营收同比 | 2.8% | 11.3% |
| 净利润同比 | -53.7% | 29.1% |
| 每股收益（稀释后） | $1.04 | $3.48 |
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NOWRCL
| Q1 26 | $3.8B | $4.5B | ||
| Q4 25 | $3.6B | $4.3B | ||
| Q3 25 | $3.4B | $5.1B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.1B | $4.0B | ||
| Q4 24 | $3.0B | $3.8B | ||
| Q3 24 | $2.8B | $4.9B | ||
| Q2 24 | $2.6B | $4.1B |
净利润NOWRCL
| Q1 26 | $469.0M | $950.0M | ||
| Q4 25 | $401.0M | $753.0M | ||
| Q3 25 | $502.0M | $1.6B | ||
| Q2 25 | $385.0M | $1.2B | ||
| Q1 25 | $460.0M | $730.0M | ||
| Q4 24 | $384.0M | $552.0M | ||
| Q3 24 | $432.0M | $1.1B | ||
| Q2 24 | $262.0M | $854.0M |
毛利率NOWRCL
| Q1 26 | 75.1% | — | ||
| Q4 25 | 76.6% | 47.4% | ||
| Q3 25 | 77.3% | 51.8% | ||
| Q2 25 | 77.5% | 49.7% | ||
| Q1 25 | 78.9% | 48.0% | ||
| Q4 24 | 78.7% | 45.4% | ||
| Q3 24 | 79.1% | 51.1% | ||
| Q2 24 | 79.0% | 47.6% |
营业利润率NOWRCL
| Q1 26 | 13.3% | 26.1% | ||
| Q4 25 | 12.4% | 21.9% | ||
| Q3 25 | 16.8% | 33.1% | ||
| Q2 25 | 11.1% | 29.3% | ||
| Q1 25 | 14.6% | 23.6% | ||
| Q4 24 | 12.6% | 16.6% | ||
| Q3 24 | 14.9% | 33.4% | ||
| Q2 24 | 9.1% | 26.7% |
净利率NOWRCL
| Q1 26 | 12.4% | 21.3% | ||
| Q4 25 | 11.2% | 17.7% | ||
| Q3 25 | 14.7% | 30.6% | ||
| Q2 25 | 12.0% | 26.7% | ||
| Q1 25 | 14.9% | 18.3% | ||
| Q4 24 | 13.0% | 14.7% | ||
| Q3 24 | 15.4% | 22.7% | ||
| Q2 24 | 10.0% | 20.8% |
每股收益（稀释后）NOWRCL
| Q1 26 | $1.04 | $3.48 | ||
| Q4 25 | $-4.77 | $2.76 | ||
| Q3 25 | $2.40 | $5.74 | ||
| Q2 25 | $1.84 | $4.41 | ||
| Q1 25 | $2.20 | $2.70 | ||
| Q4 24 | $1.84 | $2.27 | ||
| Q3 24 | $2.07 | $4.21 | ||
| Q2 24 | $1.26 | $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 | $2.7B | $512.0M |
| 总债务越低越好 | — | $21.1B |
| 股东权益账面价值 | $11.7B | $10.0B |
| 总资产 | $24.4B | $42.0B |
| 负债/权益比越低杠杆越低 | — | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资NOWRCL
| Q1 26 | $2.7B | $512.0M | ||
| Q4 25 | $3.7B | $825.0M | ||
| Q3 25 | $2.7B | $432.0M | ||
| Q2 25 | $3.1B | $735.0M | ||
| Q1 25 | $3.4B | $386.0M | ||
| Q4 24 | $2.3B | $388.0M | ||
| Q3 24 | $1.9B | $418.0M | ||
| Q2 24 | $2.2B | $391.0M |
总债务NOWRCL
| Q1 26 | — | $21.1B | ||
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益NOWRCL
| Q1 26 | $11.7B | $10.0B | ||
| Q4 25 | $13.0B | $10.0B | ||
| Q3 25 | $11.3B | $10.1B | ||
| Q2 25 | $10.9B | $9.2B | ||
| Q1 25 | $10.1B | $8.0B | ||
| Q4 24 | $9.6B | $7.6B | ||
| Q3 24 | $9.3B | $7.0B | ||
| Q2 24 | $8.7B | $6.0B |
总资产NOWRCL
| Q1 26 | $24.4B | $42.0B | ||
| Q4 25 | $26.0B | $41.6B | ||
| Q3 25 | $21.8B | $40.1B | ||
| Q2 25 | $22.1B | $38.5B | ||
| Q1 25 | $21.0B | $37.5B | ||
| Q4 24 | $20.4B | $37.1B | ||
| Q3 24 | $18.4B | $37.1B | ||
| Q2 24 | $18.2B | $37.0B |
负债/权益比NOWRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 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 | $1.7B | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $1.7B | — |
| 自由现金流率自由现金流/营收 | 44.2% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 3.56× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $4.8B | — |
8季度趋势，按日历期对齐
经营现金流NOWRCL
| Q1 26 | $1.7B | $1.8B | ||
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $813.0M | $1.5B | ||
| Q2 25 | $716.0M | $1.7B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $671.0M | $897.0M | ||
| Q2 24 | $620.0M | $1.6B |
自由现金流NOWRCL
| Q1 26 | $1.7B | — | ||
| Q4 25 | $2.0B | $116.0M | ||
| Q3 25 | $578.0M | $-989.0M | ||
| Q2 25 | $526.0M | $910.0M | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.4B | $915.0M | ||
| Q3 24 | $469.0M | $563.0M | ||
| Q2 24 | $358.0M | $-567.0M |
自由现金流率NOWRCL
| Q1 26 | 44.2% | — | ||
| Q4 25 | 56.1% | 2.7% | ||
| Q3 25 | 17.0% | -19.2% | ||
| Q2 25 | 16.4% | 20.1% | ||
| Q1 25 | 47.7% | 30.0% | ||
| Q4 24 | 46.7% | 24.3% | ||
| Q3 24 | 16.8% | 11.5% | ||
| Q2 24 | 13.6% | -13.8% |
资本支出强度NOWRCL
| Q1 26 | — | — | ||
| Q4 25 | 6.7% | 35.4% | ||
| Q3 25 | 6.9% | 47.8% | ||
| Q2 25 | 5.9% | 18.4% | ||
| Q1 25 | 6.6% | 10.7% | ||
| Q4 24 | 8.6% | 14.7% | ||
| Q3 24 | 7.2% | 6.8% | ||
| Q2 24 | 10.0% | 52.1% |
现金转化率NOWRCL
| Q1 26 | 3.56× | 1.93× | ||
| Q4 25 | 5.58× | 2.16× | ||
| Q3 25 | 1.62× | 0.93× | ||
| Q2 25 | 1.86× | 1.44× | ||
| Q1 25 | 3.65× | 2.23× | ||
| Q4 24 | 4.26× | 2.66× | ||
| Q3 24 | 1.55× | 0.81× | ||
| Q2 24 | 2.37× | 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
NOW
| Subscription revenues | $3.7B | 97% |
| Other | $99.0M | 3% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
