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帕卡（PCAR）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
帕卡的季度营收约是皇家加勒比集团的1.5倍（$6.8B vs $4.5B），皇家加勒比集团净利率更高（21.3% vs 8.2%，领先13.2%），皇家加勒比集团同比增速更快（11.3% vs -13.7%），过去两年皇家加勒比集团的营收复合增速更高（4.1% vs -11.7%）
帕卡是美国知名重型卡车制造企业，总部位于华盛顿州贝尔维尤，旗下拥有肯沃斯、彼得比尔特、DAF卡车三大核心子品牌，同时布局金融服务、工业零部件供应业务，在全球商用车领域占据重要市场地位。
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。
PCAR vs RCL — 直观对比
营收规模更大
PCAR
是对方的1.5倍
$4.5B
营收增速更快
RCL
高出25.1%
-13.7%
净利率更高
RCL
高出13.2%
8.2%
两年增速更快
RCL
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.8B | $4.5B |
| 净利润 | $556.9M | $950.0M |
| 毛利率 | 19.3% | — |
| 营业利润率 | 10.3% | 26.1% |
| 净利率 | 8.2% | 21.3% |
| 营收同比 | -13.7% | 11.3% |
| 净利润同比 | -36.1% | 29.1% |
| 每股收益（稀释后） | $1.06 | $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PCARRCL
| Q1 26 | — | $4.5B | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $6.7B | $5.1B | ||
| Q2 25 | $7.5B | $4.5B | ||
| Q1 25 | $7.4B | $4.0B | ||
| Q4 24 | $7.9B | $3.8B | ||
| Q3 24 | $8.2B | $4.9B | ||
| Q2 24 | $8.8B | $4.1B |
净利润PCARRCL
| Q1 26 | — | $950.0M | ||
| Q4 25 | $556.9M | $753.0M | ||
| Q3 25 | $590.0M | $1.6B | ||
| Q2 25 | $723.8M | $1.2B | ||
| Q1 25 | $505.1M | $730.0M | ||
| Q4 24 | $872.0M | $552.0M | ||
| Q3 24 | $972.1M | $1.1B | ||
| Q2 24 | $1.1B | $854.0M |
毛利率PCARRCL
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | 47.4% | ||
| Q3 25 | 19.9% | 51.8% | ||
| Q2 25 | 20.2% | 49.7% | ||
| Q1 25 | 20.8% | 48.0% | ||
| Q4 24 | 21.6% | 45.4% | ||
| Q3 24 | 22.0% | 51.1% | ||
| Q2 24 | 22.8% | 47.6% |
营业利润率PCARRCL
| Q1 26 | — | 26.1% | ||
| Q4 25 | 10.3% | 21.9% | ||
| Q3 25 | 11.1% | 33.1% | ||
| Q2 25 | 12.4% | 29.3% | ||
| Q1 25 | 8.6% | 23.6% | ||
| Q4 24 | 14.5% | 16.6% | ||
| Q3 24 | 15.2% | 33.4% | ||
| Q2 24 | 16.7% | 26.7% |
净利率PCARRCL
| Q1 26 | — | 21.3% | ||
| Q4 25 | 8.2% | 17.7% | ||
| Q3 25 | 8.8% | 30.6% | ||
| Q2 25 | 9.6% | 26.7% | ||
| Q1 25 | 6.8% | 18.3% | ||
| Q4 24 | 11.0% | 14.7% | ||
| Q3 24 | 11.8% | 22.7% | ||
| Q2 24 | 12.8% | 20.8% |
每股收益（稀释后）PCARRCL
| Q1 26 | — | $3.48 | ||
| Q4 25 | $1.06 | $2.76 | ||
| Q3 25 | $1.12 | $5.74 | ||
| Q2 25 | $1.37 | $4.41 | ||
| Q1 25 | $0.96 | $2.70 | ||
| Q4 24 | $1.65 | $2.27 | ||
| Q3 24 | $1.85 | $4.21 | ||
| Q2 24 | $2.13 | $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 | — | $512.0M |
| 总债务越低越好 | — | $21.1B |
| 股东权益账面价值 | $19.3B | $10.0B |
| 总资产 | $44.3B | $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PCARRCL
| Q1 26 | — | $512.0M | ||
| Q4 25 | — | $825.0M | ||
| Q3 25 | — | $432.0M | ||
| Q2 25 | — | $735.0M | ||
| Q1 25 | — | $386.0M | ||
| Q4 24 | — | $388.0M | ||
| Q3 24 | — | $418.0M | ||
| Q2 24 | — | $391.0M |
总债务PCARRCL
| 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PCARRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $19.3B | $10.0B | ||
| Q3 25 | $19.4B | $10.1B | ||
| Q2 25 | $18.9B | $9.2B | ||
| Q1 25 | $18.0B | $8.0B | ||
| Q4 24 | $17.5B | $7.6B | ||
| Q3 24 | $18.7B | $7.0B | ||
| Q2 24 | $17.7B | $6.0B |
总资产PCARRCL
| Q1 26 | — | $42.0B | ||
| Q4 25 | $44.3B | $41.6B | ||
| Q3 25 | $44.2B | $40.1B | ||
| Q2 25 | $44.1B | $38.5B | ||
| Q1 25 | $42.7B | $37.5B | ||
| Q4 24 | $43.4B | $37.1B | ||
| Q3 24 | $43.3B | $37.1B | ||
| Q2 24 | $41.2B | $37.0B |
负债/权益比PCARRCL
| 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 | $1.1B | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $954.4M | — |
| 自由现金流率自由现金流/营收 | 14.0% | — |
| 资本支出强度资本支出/营收 | 2.8% | — |
| 现金转化率经营现金流/净利润 | 2.05× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $3.7B | — |
8季度趋势，按日历期对齐
经营现金流PCARRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $833.4M | $1.7B | ||
| Q1 25 | $910.3M | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.3B | $897.0M | ||
| Q2 24 | $440.0M | $1.6B |
自由现金流PCARRCL
| Q1 26 | — | — | ||
| Q4 25 | $954.4M | $116.0M | ||
| Q3 25 | $1.4B | $-989.0M | ||
| Q2 25 | $611.3M | $910.0M | ||
| Q1 25 | $745.2M | $1.2B | ||
| Q4 24 | $1.2B | $915.0M | ||
| Q3 24 | $1.1B | $563.0M | ||
| Q2 24 | $219.7M | $-567.0M |
自由现金流率PCARRCL
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 2.7% | ||
| Q3 25 | 20.4% | -19.2% | ||
| Q2 25 | 8.1% | 20.1% | ||
| Q1 25 | 10.0% | 30.0% | ||
| Q4 24 | 15.3% | 24.3% | ||
| Q3 24 | 13.3% | 11.5% | ||
| Q2 24 | 2.5% | -13.8% |
资本支出强度PCARRCL
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 35.4% | ||
| Q3 25 | 2.5% | 47.8% | ||
| Q2 25 | 3.0% | 18.4% | ||
| Q1 25 | 2.2% | 10.7% | ||
| Q4 24 | 3.0% | 14.7% | ||
| Q3 24 | 2.4% | 6.8% | ||
| Q2 24 | 2.5% | 52.1% |
现金转化率PCARRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 2.05× | 2.16× | ||
| Q3 25 | 2.59× | 0.93× | ||
| Q2 25 | 1.15× | 1.44× | ||
| Q1 25 | 1.80× | 2.23× | ||
| Q4 24 | 1.66× | 2.66× | ||
| Q3 24 | 1.32× | 0.81× | ||
| Q2 24 | 0.39× | 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
PCAR
| Truck Subsegment | $4.5B | 66% |
| Parts Subsegment | $1.7B | 25% |
| Other | $359.4M | 5% |
| Financial Services | $208.1M | 3% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
