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Public Service Enterprise Group（PEG）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Public Service Enterprise Group的1.5倍（$4.5B vs $2.9B），皇家加勒比集团净利率更高（21.3% vs 10.8%，领先10.5%），Public Service Enterprise Group同比增速更快（18.3% 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 2.8%）
PSEG（Public Service Enterprise Group）是一家公开上市的能源企业，1985年正式成立，发展渊源可追溯至1903年，自创立以来总部始终位于美国新泽西州纽瓦克市，深耕能源领域多年，在北美能源市场拥有稳定的行业地位与市场份额。
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。
PEG vs RCL — 直观对比
营收规模更大
RCL
是对方的1.5倍
$2.9B
营收增速更快
PEG
高出6.9%
11.3%
净利率更高
RCL
高出10.5%
10.8%
两年增速更快
RCL
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $4.5B |
| 净利润 | $315.0M | $950.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.5% | 26.1% |
| 净利率 | 10.8% | 21.3% |
| 营收同比 | 18.3% | 11.3% |
| 净利润同比 | 10.1% | 29.1% |
| 每股收益（稀释后） | $0.63 | $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PEGRCL
| Q1 26 | — | $4.5B | ||
| Q4 25 | $2.9B | $4.3B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $2.8B | $4.5B | ||
| Q1 25 | $3.2B | $4.0B | ||
| Q4 24 | $2.5B | $3.8B | ||
| Q3 24 | $2.6B | $4.9B | ||
| Q2 24 | $2.4B | $4.1B |
净利润PEGRCL
| Q1 26 | — | $950.0M | ||
| Q4 25 | $315.0M | $753.0M | ||
| Q3 25 | $622.0M | $1.6B | ||
| Q2 25 | $585.0M | $1.2B | ||
| Q1 25 | $589.0M | $730.0M | ||
| Q4 24 | $286.0M | $552.0M | ||
| Q3 24 | $520.0M | $1.1B | ||
| Q2 24 | $434.0M | $854.0M |
毛利率PEGRCL
| 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PEGRCL
| Q1 26 | — | 26.1% | ||
| Q4 25 | 17.5% | 21.9% | ||
| Q3 25 | 26.5% | 33.1% | ||
| Q2 25 | 29.1% | 29.3% | ||
| Q1 25 | 24.7% | 23.6% | ||
| Q4 24 | 18.1% | 16.6% | ||
| Q3 24 | 24.3% | 33.4% | ||
| Q2 24 | 24.0% | 26.7% |
净利率PEGRCL
| Q1 26 | — | 21.3% | ||
| Q4 25 | 10.8% | 17.7% | ||
| Q3 25 | 19.3% | 30.6% | ||
| Q2 25 | 20.9% | 26.7% | ||
| Q1 25 | 18.3% | 18.3% | ||
| Q4 24 | 11.6% | 14.7% | ||
| Q3 24 | 19.7% | 22.7% | ||
| Q2 24 | 17.9% | 20.8% |
每股收益（稀释后）PEGRCL
| Q1 26 | — | $3.48 | ||
| Q4 25 | $0.63 | $2.76 | ||
| Q3 25 | $1.24 | $5.74 | ||
| Q2 25 | $1.17 | $4.41 | ||
| Q1 25 | $1.18 | $2.70 | ||
| Q4 24 | $0.57 | $2.27 | ||
| Q3 24 | $1.04 | $4.21 | ||
| Q2 24 | $0.87 | $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 | $132.0M | $512.0M |
| 总债务越低越好 | $22.5B | $21.1B |
| 股东权益账面价值 | $17.0B | $10.0B |
| 总资产 | $57.6B | $42.0B |
| 负债/权益比越低杠杆越低 | 1.33× | 2.11× |
8季度趋势，按日历期对齐
现金及短期投资PEGRCL
| Q1 26 | — | $512.0M | ||
| Q4 25 | $132.0M | $825.0M | ||
| Q3 25 | $334.0M | $432.0M | ||
| Q2 25 | $186.0M | $735.0M | ||
| Q1 25 | $894.0M | $386.0M | ||
| Q4 24 | $125.0M | $388.0M | ||
| Q3 24 | $203.0M | $418.0M | ||
| Q2 24 | $113.0M | $391.0M |
总债务PEGRCL
| Q1 26 | — | $21.1B | ||
| Q4 25 | $22.5B | $18.2B | ||
| Q3 25 | $22.5B | $17.2B | ||
| Q2 25 | $22.6B | $17.6B | ||
| Q1 25 | $23.0B | $18.0B | ||
| Q4 24 | $21.1B | $18.5B | ||
| Q3 24 | $21.4B | $19.0B | ||
| Q2 24 | $20.5B | $19.8B |
股东权益PEGRCL
| Q1 26 | — | $10.0B | ||
| Q4 25 | $17.0B | $10.0B | ||
| Q3 25 | $17.0B | $10.1B | ||
| Q2 25 | $16.7B | $9.2B | ||
| Q1 25 | $16.4B | $8.0B | ||
| Q4 24 | $16.1B | $7.6B | ||
| Q3 24 | $16.1B | $7.0B | ||
| Q2 24 | $15.8B | $6.0B |
总资产PEGRCL
| Q1 26 | — | $42.0B | ||
| Q4 25 | $57.6B | $41.6B | ||
| Q3 25 | $56.9B | $40.1B | ||
| Q2 25 | $56.0B | $38.5B | ||
| Q1 25 | $55.6B | $37.5B | ||
| Q4 24 | $54.6B | $37.1B | ||
| Q3 24 | $54.1B | $37.1B | ||
| Q2 24 | $52.4B | $37.0B |
负债/权益比PEGRCL
| Q1 26 | — | 2.11× | ||
| Q4 25 | 1.33× | 1.81× | ||
| Q3 25 | 1.33× | 1.70× | ||
| Q2 25 | 1.36× | 1.92× | ||
| Q1 25 | 1.40× | 2.26× | ||
| Q4 24 | 1.31× | 2.44× | ||
| Q3 24 | 1.33× | 2.69× | ||
| Q2 24 | 1.30× | 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 | $721.0M | $1.8B |
| 自由现金流经营现金流 - 资本支出 | $-408.0M | — |
| 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 | 38.7% | — |
| 现金转化率经营现金流/净利润 | 2.29× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $26.0M | — |
8季度趋势，按日历期对齐
经营现金流PEGRCL
| Q1 26 | — | $1.8B | ||
| Q4 25 | $721.0M | $1.6B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $478.0M | $1.7B | ||
| Q1 25 | $1.0B | $1.6B | ||
| Q4 24 | $367.0M | $1.5B | ||
| Q3 24 | $623.0M | $897.0M | ||
| Q2 24 | $482.0M | $1.6B |
自由现金流PEGRCL
| Q1 26 | — | — | ||
| Q4 25 | $-408.0M | $116.0M | ||
| Q3 25 | $322.0M | $-989.0M | ||
| Q2 25 | $-309.0M | $910.0M | ||
| Q1 25 | $421.0M | $1.2B | ||
| Q4 24 | $-611.0M | $915.0M | ||
| Q3 24 | $-145.0M | $563.0M | ||
| Q2 24 | $-355.0M | $-567.0M |
自由现金流率PEGRCL
| Q1 26 | — | — | ||
| Q4 25 | -14.0% | 2.7% | ||
| Q3 25 | 10.0% | -19.2% | ||
| Q2 25 | -11.0% | 20.1% | ||
| Q1 25 | 13.1% | 30.0% | ||
| Q4 24 | -24.8% | 24.3% | ||
| Q3 24 | -5.5% | 11.5% | ||
| Q2 24 | -14.7% | -13.8% |
资本支出强度PEGRCL
| Q1 26 | — | — | ||
| Q4 25 | 38.7% | 35.4% | ||
| Q3 25 | 22.6% | 47.8% | ||
| Q2 25 | 28.1% | 18.4% | ||
| Q1 25 | 19.5% | 10.7% | ||
| Q4 24 | 39.7% | 14.7% | ||
| Q3 24 | 29.1% | 6.8% | ||
| Q2 24 | 34.5% | 52.1% |
现金转化率PEGRCL
| Q1 26 | — | 1.93× | ||
| Q4 25 | 2.29× | 2.16× | ||
| Q3 25 | 1.69× | 0.93× | ||
| Q2 25 | 0.82× | 1.44× | ||
| Q1 25 | 1.78× | 2.23× | ||
| Q4 24 | 1.28× | 2.66× | ||
| Q3 24 | 1.20× | 0.81× | ||
| Q2 24 | 1.11× | 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
PEG
| PSEG Power Other | $1.1B | 37% |
| Electric Distribution Contracts | $929.0M | 32% |
| Gas Distribution Contracts | $840.0M | 29% |
| Other | $71.0M | 2% |
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
