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派克汉尼汾（PH）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
派克汉尼汾的季度营收约是皇家加勒比集团的1.2倍（$5.2B vs $4.3B），皇家加勒比集团同比增速更快（13.3% vs 9.1%），派克汉尼汾自由现金流更多（$768.0M vs $116.0M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 1.0%）
派克汉尼汾（常简称为派克）是一家专注于运动与控制技术的美国企业，前身为派克电器公司，总部坐落于俄亥俄州大克利夫兰都市区的梅菲尔德高地，其技术及产品广泛应用于工业制造、航空航天等多个核心领域。
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。
PH vs RCL — 直观对比
营收规模更大
PH
是对方的1.2倍
$4.3B
营收增速更快
RCL
高出4.2%
9.1%
自由现金流更多
PH
多$652.0M
$116.0M
两年增速更快
RCL
近两年复合增速
1.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.2B | $4.3B |
| 净利润 | — | $753.0M |
| 毛利率 | 37.3% | 47.4% |
| 营业利润率 | 22.8% | 21.9% |
| 净利率 | — | 17.7% |
| 营收同比 | 9.1% | 13.3% |
| 净利润同比 | — | 36.4% |
| 每股收益（稀释后） | $6.60 | $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PHRCL
| Q4 25 | $5.2B | $4.3B | ||
| Q3 25 | $5.1B | $5.1B | ||
| Q2 25 | $5.2B | $4.5B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $4.7B | $3.8B | ||
| Q3 24 | $4.9B | $4.9B | ||
| Q2 24 | $5.2B | $4.1B | ||
| Q1 24 | $5.1B | $3.7B |
净利润PHRCL
| Q4 25 | — | $753.0M | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $923.6M | $1.2B | ||
| Q1 25 | $961.2M | $730.0M | ||
| Q4 24 | $948.6M | $552.0M | ||
| Q3 24 | $698.5M | $1.1B | ||
| Q2 24 | $785.1M | $854.0M | ||
| Q1 24 | $726.7M | $360.0M |
毛利率PHRCL
| Q4 25 | 37.3% | 47.4% | ||
| Q3 25 | 37.5% | 51.8% | ||
| Q2 25 | 37.3% | 49.7% | ||
| Q1 25 | 36.9% | 48.0% | ||
| Q4 24 | 36.3% | 45.4% | ||
| Q3 24 | 36.8% | 51.1% | ||
| Q2 24 | 35.9% | 47.6% | ||
| Q1 24 | 35.4% | 44.8% |
营业利润率PHRCL
| Q4 25 | 22.8% | 21.9% | ||
| Q3 25 | 23.3% | 33.1% | ||
| Q2 25 | 22.7% | 29.3% | ||
| Q1 25 | 22.3% | 23.6% | ||
| Q4 24 | 20.9% | 16.6% | ||
| Q3 24 | 21.6% | 33.4% | ||
| Q2 24 | 21.1% | 26.7% | ||
| Q1 24 | 20.4% | 20.1% |
净利率PHRCL
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | 30.6% | ||
| Q2 25 | 17.6% | 26.7% | ||
| Q1 25 | 19.4% | 18.3% | ||
| Q4 24 | 20.0% | 14.7% | ||
| Q3 24 | 14.2% | 22.7% | ||
| Q2 24 | 15.1% | 20.8% | ||
| Q1 24 | 14.3% | 9.7% |
每股收益（稀释后）PHRCL
| Q4 25 | $6.60 | $2.76 | ||
| Q3 25 | $6.29 | $5.74 | ||
| Q2 25 | $7.16 | $4.41 | ||
| Q1 25 | $7.37 | $2.70 | ||
| Q4 24 | $7.25 | $2.27 | ||
| Q3 24 | $5.34 | $4.21 | ||
| Q2 24 | $6.06 | $3.11 | ||
| Q1 24 | $5.56 | $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 | $427.0M | $825.0M |
| 总债务越低越好 | $7.5B | $18.2B |
| 股东权益账面价值 | $14.3B | $10.0B |
| 总资产 | $30.5B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.52× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资PHRCL
| Q4 25 | $427.0M | $825.0M | ||
| Q3 25 | $473.0M | $432.0M | ||
| Q2 25 | $467.0M | $735.0M | ||
| Q1 25 | $408.7M | $386.0M | ||
| Q4 24 | $395.5M | $388.0M | ||
| Q3 24 | $371.1M | $418.0M | ||
| Q2 24 | $422.0M | $391.0M | ||
| Q1 24 | $415.5M | $437.0M |
总债务PHRCL
| Q4 25 | $7.5B | $18.2B | ||
| Q3 25 | $7.5B | $17.2B | ||
| Q2 25 | $7.5B | $17.6B | ||
| Q1 25 | $7.4B | $18.0B | ||
| Q4 24 | $6.7B | $18.5B | ||
| Q3 24 | $6.7B | $19.0B | ||
| Q2 24 | $7.2B | $19.8B | ||
| Q1 24 | $7.3B | $18.9B |
股东权益PHRCL
| Q4 25 | $14.3B | $10.0B | ||
| Q3 25 | $13.8B | $10.1B | ||
| Q2 25 | $13.7B | $9.2B | ||
| Q1 25 | $13.4B | $8.0B | ||
| Q4 24 | $13.1B | $7.6B | ||
| Q3 24 | $12.9B | $7.0B | ||
| Q2 24 | $12.1B | $6.0B | ||
| Q1 24 | $11.6B | $5.2B |
总资产PHRCL
| Q4 25 | $30.5B | $41.6B | ||
| Q3 25 | $30.7B | $40.1B | ||
| Q2 25 | $29.5B | $38.5B | ||
| Q1 25 | $28.9B | $37.5B | ||
| Q4 24 | $28.3B | $37.1B | ||
| Q3 24 | $29.6B | $37.1B | ||
| Q2 24 | $29.3B | $37.0B | ||
| Q1 24 | $29.6B | $35.2B |
负债/权益比PHRCL
| Q4 25 | 0.52× | 1.81× | ||
| Q3 25 | 0.54× | 1.70× | ||
| Q2 25 | 0.55× | 1.92× | ||
| Q1 25 | 0.55× | 2.26× | ||
| Q4 24 | 0.51× | 2.44× | ||
| Q3 24 | 0.52× | 2.69× | ||
| Q2 24 | 0.59× | 3.29× | ||
| Q1 24 | 0.63× | 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 | $862.0M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $768.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 14.8% | 2.7% |
| 资本支出强度资本支出/营收 | 1.8% | 35.4% |
| 现金转化率经营现金流/净利润 | — | 2.16× |
| 过去12个月自由现金流最近4个季度 | $3.3B | $1.2B |
8季度趋势，按日历期对齐
经营现金流PHRCL
| Q4 25 | $862.0M | $1.6B | ||
| Q3 25 | $782.0M | $1.5B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $630.0M | $1.6B | ||
| Q4 24 | $934.8M | $1.5B | ||
| Q3 24 | $744.0M | $897.0M | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $795.1M | $1.3B |
自由现金流PHRCL
| Q4 25 | $768.0M | $116.0M | ||
| Q3 25 | $693.0M | $-989.0M | ||
| Q2 25 | $1.3B | $910.0M | ||
| Q1 25 | $542.4M | $1.2B | ||
| Q4 24 | $813.6M | $915.0M | ||
| Q3 24 | $648.7M | $563.0M | ||
| Q2 24 | $1.1B | $-567.0M | ||
| Q1 24 | $715.9M | $1.1B |
自由现金流率PHRCL
| Q4 25 | 14.8% | 2.7% | ||
| Q3 25 | 13.6% | -19.2% | ||
| Q2 25 | 25.5% | 20.1% | ||
| Q1 25 | 10.9% | 30.0% | ||
| Q4 24 | 17.2% | 24.3% | ||
| Q3 24 | 13.2% | 11.5% | ||
| Q2 24 | 21.6% | -13.8% | ||
| Q1 24 | 14.1% | 29.1% |
资本支出强度PHRCL
| Q4 25 | 1.8% | 35.4% | ||
| Q3 25 | 1.8% | 47.8% | ||
| Q2 25 | 2.5% | 18.4% | ||
| Q1 25 | 1.8% | 10.7% | ||
| Q4 24 | 2.6% | 14.7% | ||
| Q3 24 | 1.9% | 6.8% | ||
| Q2 24 | 2.3% | 52.1% | ||
| Q1 24 | 1.6% | 6.5% |
现金转化率PHRCL
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | 1.59× | 1.44× | ||
| Q1 25 | 0.66× | 2.23× | ||
| Q4 24 | 0.99× | 2.66× | ||
| Q3 24 | 1.07× | 0.81× | ||
| Q2 24 | 1.58× | 1.84× | ||
| Q1 24 | 1.09× | 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
PH
| Filtration And Engineered Materials | $1.5B | 28% |
| Other | $1.1B | 22% |
| Motion Systems | $893.0M | 17% |
| Commercial Aftermarket | $619.0M | 12% |
| Commercial Original Equipment Manufacturer | $561.0M | 11% |
| Defense Original Equipment Manufacturer | $305.0M | 6% |
| Defense Aftermarket | $221.0M | 4% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
