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PBF Energy Inc.（PBF）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
PBF Energy Inc.的季度营收约是皇家加勒比集团的1.8倍（$7.9B vs $4.5B），皇家加勒比集团净利率更高（21.3% vs 2.5%，领先18.8%），PBF Energy Inc.同比增速更快（11.9% vs 11.3%），过去两年皇家加勒比集团的营收复合增速更高（4.1% vs -4.9%）
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
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。
PBF vs RCL — 直观对比
营收规模更大
PBF
是对方的1.8倍
$4.5B
营收增速更快
PBF
高出0.5%
11.3%
净利率更高
RCL
高出18.8%
2.5%
两年增速更快
RCL
近两年复合增速
-4.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $7.9B | $4.5B |
| 净利润 | $200.2M | $950.0M |
| 毛利率 | 3.5% | — |
| 营业利润率 | 3.8% | 26.1% |
| 净利率 | 2.5% | 21.3% |
| 营收同比 | 11.9% | 11.3% |
| 净利润同比 | 149.4% | 29.1% |
| 每股收益（稀释后） | $1.65 | $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PBFRCL
| Q1 26 | $7.9B | $4.5B | ||
| Q4 25 | $7.1B | $4.3B | ||
| Q3 25 | $7.7B | $5.1B | ||
| Q2 25 | $7.5B | $4.5B | ||
| Q1 25 | $7.1B | $4.0B | ||
| Q4 24 | $7.4B | $3.8B | ||
| Q3 24 | $8.4B | $4.9B | ||
| Q2 24 | $8.7B | $4.1B |
净利润PBFRCL
| Q1 26 | $200.2M | $950.0M | ||
| Q4 25 | $78.4M | $753.0M | ||
| Q3 25 | $170.1M | $1.6B | ||
| Q2 25 | $-5.2M | $1.2B | ||
| Q1 25 | $-401.8M | $730.0M | ||
| Q4 24 | $-289.3M | $552.0M | ||
| Q3 24 | $-285.9M | $1.1B | ||
| Q2 24 | $-65.2M | $854.0M |
毛利率PBFRCL
| Q1 26 | 3.5% | — | ||
| Q4 25 | -1.8% | 47.4% | ||
| Q3 25 | 0.5% | 51.8% | ||
| Q2 25 | -0.8% | 49.7% | ||
| Q1 25 | -5.9% | 48.0% | ||
| Q4 24 | -4.2% | 45.4% | ||
| Q3 24 | -3.4% | 51.1% | ||
| Q2 24 | 0.1% | 47.6% |
营业利润率PBFRCL
| Q1 26 | 3.8% | 26.1% | ||
| Q4 25 | 1.8% | 21.9% | ||
| Q3 25 | 3.7% | 33.1% | ||
| Q2 25 | 0.6% | 29.3% | ||
| Q1 25 | -7.2% | 23.6% | ||
| Q4 24 | -5.2% | 16.6% | ||
| Q3 24 | -4.6% | 33.4% | ||
| Q2 24 | -0.9% | 26.7% |
净利率PBFRCL
| Q1 26 | 2.5% | 21.3% | ||
| Q4 25 | 1.1% | 17.7% | ||
| Q3 25 | 2.2% | 30.6% | ||
| Q2 25 | -0.1% | 26.7% | ||
| Q1 25 | -5.7% | 18.3% | ||
| Q4 24 | -3.9% | 14.7% | ||
| Q3 24 | -3.4% | 22.7% | ||
| Q2 24 | -0.7% | 20.8% |
每股收益（稀释后）PBFRCL
| Q1 26 | $1.65 | $3.48 | ||
| Q4 25 | $0.74 | $2.76 | ||
| Q3 25 | $1.45 | $5.74 | ||
| Q2 25 | $-0.05 | $4.41 | ||
| Q1 25 | $-3.53 | $2.70 | ||
| Q4 24 | $-2.41 | $2.27 | ||
| Q3 24 | $-2.49 | $4.21 | ||
| Q2 24 | $-0.56 | $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 | $541.8M | $512.0M |
| 总债务越低越好 | — | $21.1B |
| 股东权益账面价值 | $5.7B | $10.0B |
| 总资产 | $14.7B | $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PBFRCL
| Q1 26 | $541.8M | $512.0M | ||
| Q4 25 | $527.9M | $825.0M | ||
| Q3 25 | $482.0M | $432.0M | ||
| Q2 25 | $590.7M | $735.0M | ||
| Q1 25 | $468.6M | $386.0M | ||
| Q4 24 | $536.1M | $388.0M | ||
| Q3 24 | $976.7M | $418.0M | ||
| Q2 24 | $1.4B | $391.0M |
总债务PBFRCL
| 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PBFRCL
| Q1 26 | $5.7B | $10.0B | ||
| Q4 25 | $5.3B | $10.0B | ||
| Q3 25 | $5.2B | $10.1B | ||
| Q2 25 | $5.1B | $9.2B | ||
| Q1 25 | $5.1B | $8.0B | ||
| Q4 24 | $5.5B | $7.6B | ||
| Q3 24 | $5.9B | $7.0B | ||
| Q2 24 | $6.3B | $6.0B |
总资产PBFRCL
| Q1 26 | $14.7B | $42.0B | ||
| Q4 25 | $13.0B | $41.6B | ||
| Q3 25 | $13.0B | $40.1B | ||
| Q2 25 | $13.0B | $38.5B | ||
| Q1 25 | $13.0B | $37.5B | ||
| Q4 24 | $12.7B | $37.1B | ||
| Q3 24 | $13.1B | $37.1B | ||
| Q2 24 | $14.1B | $37.0B |
负债/权益比PBFRCL
| 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 | — | $1.8B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 4.0% | — |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PBFRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $366.6M | $1.6B | ||
| Q3 25 | $25.7M | $1.5B | ||
| Q2 25 | $191.1M | $1.7B | ||
| Q1 25 | $-661.4M | $1.6B | ||
| Q4 24 | $-329.7M | $1.5B | ||
| Q3 24 | $-68.0M | $897.0M | ||
| Q2 24 | $425.3M | $1.6B |
自由现金流PBFRCL
| Q1 26 | — | — | ||
| Q4 25 | $77.0M | $116.0M | ||
| Q3 25 | $-122.8M | $-989.0M | ||
| Q2 25 | $35.0M | $910.0M | ||
| Q1 25 | $-772.4M | $1.2B | ||
| Q4 24 | $-425.7M | $915.0M | ||
| Q3 24 | $-169.8M | $563.0M | ||
| Q2 24 | $371.8M | $-567.0M |
自由现金流率PBFRCL
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 2.7% | ||
| Q3 25 | -1.6% | -19.2% | ||
| Q2 25 | 0.5% | 20.1% | ||
| Q1 25 | -10.9% | 30.0% | ||
| Q4 24 | -5.8% | 24.3% | ||
| Q3 24 | -2.0% | 11.5% | ||
| Q2 24 | 4.3% | -13.8% |
资本支出强度PBFRCL
| Q1 26 | 4.0% | — | ||
| Q4 25 | 4.1% | 35.4% | ||
| Q3 25 | 1.9% | 47.8% | ||
| Q2 25 | 2.1% | 18.4% | ||
| Q1 25 | 1.6% | 10.7% | ||
| Q4 24 | 1.3% | 14.7% | ||
| Q3 24 | 1.2% | 6.8% | ||
| Q2 24 | 0.6% | 52.1% |
现金转化率PBFRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 4.68× | 2.16× | ||
| Q3 25 | 0.15× | 0.93× | ||
| Q2 25 | — | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 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
PBF
暂无分部数据
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
