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NRG Energy（NRG）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
NRG Energy的季度营收约是皇家加勒比集团的1.8倍（$7.7B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 0.9%，领先16.8%），NRG Energy同比增速更快（13.6% vs 13.3%），皇家加勒比集团自由现金流更多（$116.0M vs $-175.0M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 2.0%）
NRG Energy是总部位于美国得克萨斯州休斯敦的能源企业，前身为北方州电力公司（后发展为Xcel Energy）的批发业务板块，2000年独立运营。公司业务覆盖能源发电与电力零售，资产组合涵盖天然气、煤炭、石油、核能、风电、公用事业级发电及分布式太阳能发电等多个领域。
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。
NRG vs RCL — 直观对比
营收规模更大
NRG
是对方的1.8倍
$4.3B
营收增速更快
NRG
高出0.4%
13.3%
净利率更高
RCL
高出16.8%
0.9%
自由现金流更多
RCL
多$291.0M
$-175.0M
两年增速更快
RCL
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.7B | $4.3B |
| 净利润 | $66.0M | $753.0M |
| 毛利率 | — | 47.4% |
| 营业利润率 | 3.9% | 21.9% |
| 净利率 | 0.9% | 17.7% |
| 营收同比 | 13.6% | 13.3% |
| 净利润同比 | -89.7% | 36.4% |
| 每股收益（稀释后） | $0.33 | $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NRGRCL
| Q4 25 | $7.7B | $4.3B | ||
| Q3 25 | $7.5B | $5.1B | ||
| Q2 25 | $6.7B | $4.5B | ||
| Q1 25 | $8.5B | $4.0B | ||
| Q4 24 | $6.8B | $3.8B | ||
| Q3 24 | $7.1B | $4.9B | ||
| Q2 24 | $6.5B | $4.1B | ||
| Q1 24 | $7.4B | $3.7B |
净利润NRGRCL
| Q4 25 | $66.0M | $753.0M | ||
| Q3 25 | $152.0M | $1.6B | ||
| Q2 25 | $-104.0M | $1.2B | ||
| Q1 25 | $750.0M | $730.0M | ||
| Q4 24 | $643.0M | $552.0M | ||
| Q3 24 | $-767.0M | $1.1B | ||
| Q2 24 | $738.0M | $854.0M | ||
| Q1 24 | $511.0M | $360.0M |
毛利率NRGRCL
| 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% | ||
| Q1 24 | — | 44.8% |
营业利润率NRGRCL
| Q4 25 | 3.9% | 21.9% | ||
| Q3 25 | 5.5% | 33.1% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | 13.4% | 23.6% | ||
| Q4 24 | 14.1% | 16.6% | ||
| Q3 24 | -11.4% | 33.4% | ||
| Q2 24 | 21.8% | 26.7% | ||
| Q1 24 | 11.8% | 20.1% |
净利率NRGRCL
| Q4 25 | 0.9% | 17.7% | ||
| Q3 25 | 2.0% | 30.6% | ||
| Q2 25 | -1.6% | 26.7% | ||
| Q1 25 | 8.8% | 18.3% | ||
| Q4 24 | 9.5% | 14.7% | ||
| Q3 24 | -10.8% | 22.7% | ||
| Q2 24 | 11.4% | 20.8% | ||
| Q1 24 | 6.9% | 9.7% |
每股收益（稀释后）NRGRCL
| Q4 25 | $0.33 | $2.76 | ||
| Q3 25 | $0.69 | $5.74 | ||
| Q2 25 | $-0.62 | $4.41 | ||
| Q1 25 | $3.61 | $2.70 | ||
| Q4 24 | $3.10 | $2.27 | ||
| Q3 24 | $-3.79 | $4.21 | ||
| Q2 24 | $3.37 | $3.11 | ||
| Q1 24 | $2.31 | $1.35 |
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 | $16.4B | $18.2B |
| 股东权益账面价值 | $1.7B | $10.0B |
| 总资产 | $29.1B | $41.6B |
| 负债/权益比越低杠杆越低 | 9.76× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资NRGRCL
| Q4 25 | $4.7B | $825.0M | ||
| Q3 25 | $732.0M | $432.0M | ||
| Q2 25 | $180.0M | $735.0M | ||
| Q1 25 | $693.0M | $386.0M | ||
| Q4 24 | $966.0M | $388.0M | ||
| Q3 24 | $1.1B | $418.0M | ||
| Q2 24 | $376.0M | $391.0M | ||
| Q1 24 | $278.0M | $437.0M |
总债务NRGRCL
| Q4 25 | $16.4B | $18.2B | ||
| Q3 25 | $11.2B | $17.2B | ||
| Q2 25 | $9.8B | $17.6B | ||
| Q1 25 | $9.8B | $18.0B | ||
| Q4 24 | $9.8B | $18.5B | ||
| Q3 24 | $10.4B | $19.0B | ||
| Q2 24 | $10.4B | $19.8B | ||
| Q1 24 | $9.6B | $18.9B |
股东权益NRGRCL
| Q4 25 | $1.7B | $10.0B | ||
| Q3 25 | $2.0B | $10.1B | ||
| Q2 25 | $2.3B | $9.2B | ||
| Q1 25 | $2.8B | $8.0B | ||
| Q4 24 | $2.5B | $7.6B | ||
| Q3 24 | $2.5B | $7.0B | ||
| Q2 24 | $3.6B | $6.0B | ||
| Q1 24 | $3.3B | $5.2B |
总资产NRGRCL
| Q4 25 | $29.1B | $41.6B | ||
| Q3 25 | $24.0B | $40.1B | ||
| Q2 25 | $24.1B | $38.5B | ||
| Q1 25 | $25.0B | $37.5B | ||
| Q4 24 | $24.0B | $37.1B | ||
| Q3 24 | $23.7B | $37.1B | ||
| Q2 24 | $25.8B | $37.0B | ||
| Q1 24 | $25.4B | $35.2B |
负债/权益比NRGRCL
| Q4 25 | 9.76× | 1.81× | ||
| Q3 25 | 5.66× | 1.70× | ||
| Q2 25 | 4.29× | 1.92× | ||
| Q1 25 | 3.53× | 2.26× | ||
| Q4 24 | 3.96× | 2.44× | ||
| Q3 24 | 4.14× | 2.69× | ||
| Q2 24 | 2.88× | 3.29× | ||
| Q1 24 | 2.90× | 3.66× |
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 | $123.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $-175.0M | $116.0M |
| 自由现金流率自由现金流/营收 | -2.3% | 2.7% |
| 资本支出强度资本支出/营收 | 3.9% | 35.4% |
| 现金转化率经营现金流/净利润 | 1.86× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $766.0M | $1.2B |
8季度趋势，按日历期对齐
经营现金流NRGRCL
| Q4 25 | $123.0M | $1.6B | ||
| Q3 25 | $484.0M | $1.5B | ||
| Q2 25 | $451.0M | $1.7B | ||
| Q1 25 | $855.0M | $1.6B | ||
| Q4 24 | $952.0M | $1.5B | ||
| Q3 24 | $31.0M | $897.0M | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $267.0M | $1.3B |
自由现金流NRGRCL
| Q4 25 | $-175.0M | $116.0M | ||
| Q3 25 | $230.0M | $-989.0M | ||
| Q2 25 | $73.0M | $910.0M | ||
| Q1 25 | $638.0M | $1.2B | ||
| Q4 24 | $766.0M | $915.0M | ||
| Q3 24 | $-83.0M | $563.0M | ||
| Q2 24 | $953.0M | $-567.0M | ||
| Q1 24 | $198.0M | $1.1B |
自由现金流率NRGRCL
| Q4 25 | -2.3% | 2.7% | ||
| Q3 25 | 3.1% | -19.2% | ||
| Q2 25 | 1.1% | 20.1% | ||
| Q1 25 | 7.5% | 30.0% | ||
| Q4 24 | 11.3% | 24.3% | ||
| Q3 24 | -1.2% | 11.5% | ||
| Q2 24 | 14.7% | -13.8% | ||
| Q1 24 | 2.7% | 29.1% |
资本支出强度NRGRCL
| Q4 25 | 3.9% | 35.4% | ||
| Q3 25 | 3.4% | 47.8% | ||
| Q2 25 | 5.7% | 18.4% | ||
| Q1 25 | 2.6% | 10.7% | ||
| Q4 24 | 2.8% | 14.7% | ||
| Q3 24 | 1.6% | 6.8% | ||
| Q2 24 | 1.6% | 52.1% | ||
| Q1 24 | 0.9% | 6.5% |
现金转化率NRGRCL
| Q4 25 | 1.86× | 2.16× | ||
| Q3 25 | 3.18× | 0.93× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | 1.14× | 2.23× | ||
| Q4 24 | 1.48× | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | 1.43× | 1.84× | ||
| Q1 24 | 0.52× | 3.69× |
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
NRG
暂无分部数据
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
