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PG&E Corporation（PCG）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
PG&E Corporation的季度营收约是皇家加勒比集团的1.5倍（$6.9B vs $4.5B），皇家加勒比集团净利率更高（21.3% vs 12.9%，领先8.5%），PG&E Corporation同比增速更快（15.0% vs 11.3%），过去两年PG&E Corporation的营收复合增速更高（7.2% vs 4.1%）
PG&E Corporation是美国由投资者持有运营的公用事业企业，总部坐落于加利福尼亚州奥克兰市凯撒中心，为加州北部三分之二区域的520万户家庭提供天然气与电力供应服务，服务范围涵盖贝克斯菲尔德、圣巴巴拉县北部，几乎延伸至俄勒冈州与内华达州的州界。
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。
PCG vs RCL — 直观对比
营收规模更大
PCG
是对方的1.5倍
$4.5B
营收增速更快
PCG
高出3.7%
11.3%
净利率更高
RCL
高出8.5%
12.9%
两年增速更快
PCG
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $4.5B |
| 净利润 | $885.0M | $950.0M |
| 毛利率 | — | — |
| 营业利润率 | 21.4% | 26.1% |
| 净利率 | 12.9% | 21.3% |
| 营收同比 | 15.0% | 11.3% |
| 净利润同比 | 39.6% | 29.1% |
| 每股收益（稀释后） | $0.39 | $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PCGRCL
| Q1 26 | $6.9B | $4.5B | ||
| Q4 25 | $6.8B | $4.3B | ||
| Q3 25 | $6.3B | $5.1B | ||
| Q2 25 | $5.9B | $4.5B | ||
| Q1 25 | $6.0B | $4.0B | ||
| Q4 24 | $6.6B | $3.8B | ||
| Q3 24 | $5.9B | $4.9B | ||
| Q2 24 | $6.0B | $4.1B |
净利润PCGRCL
| Q1 26 | $885.0M | $950.0M | ||
| Q4 25 | $670.0M | $753.0M | ||
| Q3 25 | $850.0M | $1.6B | ||
| Q2 25 | $549.0M | $1.2B | ||
| Q1 25 | $634.0M | $730.0M | ||
| Q4 24 | $674.0M | $552.0M | ||
| Q3 24 | $579.0M | $1.1B | ||
| Q2 24 | $524.0M | $854.0M |
毛利率PCGRCL
| 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PCGRCL
| Q1 26 | 21.4% | 26.1% | ||
| Q4 25 | 18.0% | 21.9% | ||
| Q3 25 | 19.3% | 33.1% | ||
| Q2 25 | 18.6% | 29.3% | ||
| Q1 25 | 20.4% | 23.6% | ||
| Q4 24 | 15.4% | 16.6% | ||
| Q3 24 | 17.3% | 33.4% | ||
| Q2 24 | 18.9% | 26.7% |
净利率PCGRCL
| Q1 26 | 12.9% | 21.3% | ||
| Q4 25 | 9.8% | 17.7% | ||
| Q3 25 | 13.6% | 30.6% | ||
| Q2 25 | 9.3% | 26.7% | ||
| Q1 25 | 10.6% | 18.3% | ||
| Q4 24 | 10.2% | 14.7% | ||
| Q3 24 | 9.7% | 22.7% | ||
| Q2 24 | 8.8% | 20.8% |
每股收益（稀释后）PCGRCL
| Q1 26 | $0.39 | $3.48 | ||
| Q4 25 | $0.29 | $2.76 | ||
| Q3 25 | $0.37 | $5.74 | ||
| Q2 25 | $0.24 | $4.41 | ||
| Q1 25 | $0.28 | $2.70 | ||
| Q4 24 | $0.30 | $2.27 | ||
| Q3 24 | $0.27 | $4.21 | ||
| Q2 24 | $0.24 | $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 | — | $10.0B |
| 总资产 | — | $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PCGRCL
| Q1 26 | — | $512.0M | ||
| Q4 25 | $713.0M | $825.0M | ||
| Q3 25 | $404.0M | $432.0M | ||
| Q2 25 | $494.0M | $735.0M | ||
| Q1 25 | $2.0B | $386.0M | ||
| Q4 24 | $940.0M | $388.0M | ||
| Q3 24 | $895.0M | $418.0M | ||
| Q2 24 | $1.3B | $391.0M |
总债务PCGRCL
| Q1 26 | — | $21.1B | ||
| Q4 25 | $57.4B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $53.6B | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益PCGRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $32.5B | $10.0B | ||
| Q3 25 | $32.0B | $10.1B | ||
| Q2 25 | $31.2B | $9.2B | ||
| Q1 25 | $30.7B | $8.0B | ||
| Q4 24 | $30.1B | $7.6B | ||
| Q3 24 | $26.8B | $7.0B | ||
| Q2 24 | $26.3B | $6.0B |
总资产PCGRCL
| Q1 26 | — | $42.0B | ||
| Q4 25 | $141.6B | $41.6B | ||
| Q3 25 | $138.2B | $40.1B | ||
| Q2 25 | $136.4B | $38.5B | ||
| Q1 25 | $135.4B | $37.5B | ||
| Q4 24 | $133.7B | $37.1B | ||
| Q3 24 | $132.3B | $37.1B | ||
| Q2 24 | $130.8B | $37.0B |
负债/权益比PCGRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | 1.76× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 1.78× | 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 | — | — |
| 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PCGRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $2.9B | $1.5B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $1.9B | $1.5B | ||
| Q3 24 | $3.1B | $897.0M | ||
| Q2 24 | $711.0M | $1.6B |
自由现金流PCGRCL
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $116.0M | ||
| Q3 25 | $-80.0M | $-989.0M | ||
| Q2 25 | $-2.0B | $910.0M | ||
| Q1 25 | $213.0M | $1.2B | ||
| Q4 24 | $-896.0M | $915.0M | ||
| Q3 24 | $526.0M | $563.0M | ||
| Q2 24 | $-1.6B | $-567.0M |
自由现金流率PCGRCL
| Q1 26 | — | — | ||
| Q4 25 | -17.6% | 2.7% | ||
| Q3 25 | -1.3% | -19.2% | ||
| Q2 25 | -34.0% | 20.1% | ||
| Q1 25 | 3.6% | 30.0% | ||
| Q4 24 | -13.5% | 24.3% | ||
| Q3 24 | 8.9% | 11.5% | ||
| Q2 24 | -26.5% | -13.8% |
资本支出强度PCGRCL
| Q1 26 | — | — | ||
| Q4 25 | 46.4% | 35.4% | ||
| Q3 25 | 46.9% | 47.8% | ||
| Q2 25 | 52.0% | 18.4% | ||
| Q1 25 | 44.0% | 10.7% | ||
| Q4 24 | 42.6% | 14.7% | ||
| Q3 24 | 43.8% | 6.8% | ||
| Q2 24 | 38.4% | 52.1% |
现金转化率PCGRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 2.93× | 2.16× | ||
| Q3 25 | 3.35× | 0.93× | ||
| Q2 25 | 1.93× | 1.44× | ||
| Q1 25 | 4.49× | 2.23× | ||
| Q4 24 | 2.87× | 2.66× | ||
| Q3 24 | 5.41× | 0.81× | ||
| Q2 24 | 1.36× | 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
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
