vs
Packaging Corporation of America（PKG）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Packaging Corporation of America的1.8倍（$4.3B vs $2.4B），皇家加勒比集团净利率更高（17.7% vs 7.2%，领先10.5%），皇家加勒比集团同比增速更快（13.3% vs 10.6%），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 6.8%）
Packaging Corporation of America是总部位于美国伊利诺伊州莱克福里斯特的制造企业，业务主要布局于美国本土，当前拥有约15500名员工，首席执行官为Mark W. Kowlzan。
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。
PKG vs RCL — 直观对比
营收规模更大
RCL
是对方的1.8倍
$2.4B
营收增速更快
RCL
高出2.7%
10.6%
净利率更高
RCL
高出10.5%
7.2%
两年增速更快
RCL
近两年复合增速
6.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $4.3B |
| 净利润 | $170.9M | $753.0M |
| 毛利率 | 19.1% | 47.4% |
| 营业利润率 | 10.6% | 21.9% |
| 净利率 | 7.2% | 17.7% |
| 营收同比 | 10.6% | 13.3% |
| 净利润同比 | -16.1% | 36.4% |
| 每股收益（稀释后） | $1.91 | $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PKGRCL
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $4.3B | ||
| Q3 25 | $2.3B | $5.1B | ||
| Q2 25 | $2.2B | $4.5B | ||
| Q1 25 | $2.1B | $4.0B | ||
| Q4 24 | $2.1B | $3.8B | ||
| Q3 24 | $2.2B | $4.9B | ||
| Q2 24 | $2.1B | $4.1B |
净利润PKGRCL
| Q1 26 | $170.9M | — | ||
| Q4 25 | $101.9M | $753.0M | ||
| Q3 25 | $226.9M | $1.6B | ||
| Q2 25 | $241.5M | $1.2B | ||
| Q1 25 | $203.8M | $730.0M | ||
| Q4 24 | $221.2M | $552.0M | ||
| Q3 24 | $238.1M | $1.1B | ||
| Q2 24 | $198.9M | $854.0M |
毛利率PKGRCL
| Q1 26 | 19.1% | — | ||
| Q4 25 | 18.9% | 47.4% | ||
| Q3 25 | 21.8% | 51.8% | ||
| Q2 25 | 22.2% | 49.7% | ||
| Q1 25 | 21.2% | 48.0% | ||
| Q4 24 | 21.9% | 45.4% | ||
| Q3 24 | 23.1% | 51.1% | ||
| Q2 24 | 21.1% | 47.6% |
营业利润率PKGRCL
| Q1 26 | 10.6% | — | ||
| Q4 25 | 7.1% | 21.9% | ||
| Q3 25 | 14.0% | 33.1% | ||
| Q2 25 | 15.4% | 29.3% | ||
| Q1 25 | 13.1% | 23.6% | ||
| Q4 24 | 14.1% | 16.6% | ||
| Q3 24 | 15.0% | 33.4% | ||
| Q2 24 | 13.3% | 26.7% |
净利率PKGRCL
| Q1 26 | 7.2% | — | ||
| Q4 25 | 4.3% | 17.7% | ||
| Q3 25 | 9.8% | 30.6% | ||
| Q2 25 | 11.1% | 26.7% | ||
| Q1 25 | 9.5% | 18.3% | ||
| Q4 24 | 10.3% | 14.7% | ||
| Q3 24 | 10.9% | 22.7% | ||
| Q2 24 | 9.6% | 20.8% |
每股收益（稀释后）PKGRCL
| Q1 26 | $1.91 | — | ||
| Q4 25 | $1.14 | $2.76 | ||
| Q3 25 | $2.51 | $5.74 | ||
| Q2 25 | $2.67 | $4.41 | ||
| Q1 25 | $2.26 | $2.70 | ||
| Q4 24 | $2.45 | $2.27 | ||
| Q3 24 | $2.64 | $4.21 | ||
| Q2 24 | $2.21 | $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 | — | $825.0M |
| 总债务越低越好 | — | $18.2B |
| 股东权益账面价值 | — | $10.0B |
| 总资产 | — | $41.6B |
| 负债/权益比越低杠杆越低 | — | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | $529.0M | $825.0M | ||
| Q3 25 | $634.0M | $432.0M | ||
| Q2 25 | $787.9M | $735.0M | ||
| Q1 25 | $751.7M | $386.0M | ||
| Q4 24 | $685.0M | $388.0M | ||
| Q3 24 | $676.6M | $418.0M | ||
| Q2 24 | $613.6M | $391.0M |
总债务PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $18.2B | ||
| Q3 25 | $4.0B | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $2.5B | $18.5B | ||
| Q3 24 | $2.5B | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $10.0B | ||
| Q3 25 | $4.8B | $10.1B | ||
| Q2 25 | $4.6B | $9.2B | ||
| Q1 25 | $4.5B | $8.0B | ||
| Q4 24 | $4.4B | $7.6B | ||
| Q3 24 | $4.3B | $7.0B | ||
| Q2 24 | $4.1B | $6.0B |
总资产PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | $10.7B | $41.6B | ||
| Q3 25 | $11.0B | $40.1B | ||
| Q2 25 | $9.0B | $38.5B | ||
| Q1 25 | $9.0B | $37.5B | ||
| Q4 24 | $8.8B | $37.1B | ||
| Q3 24 | $8.8B | $37.1B | ||
| Q2 24 | $9.0B | $37.0B |
负债/权益比PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 1.81× | ||
| Q3 25 | 0.84× | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 0.57× | 2.44× | ||
| Q3 24 | 0.58× | 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 | — | $1.6B |
| 自由现金流经营现金流 - 资本支出 | — | $116.0M |
| 自由现金流率自由现金流/营收 | — | 2.7% |
| 资本支出强度资本支出/营收 | — | 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 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | $446.6M | $1.6B | ||
| Q3 25 | $472.2M | $1.5B | ||
| Q2 25 | $299.6M | $1.7B | ||
| Q1 25 | $339.1M | $1.6B | ||
| Q4 24 | $325.4M | $1.5B | ||
| Q3 24 | $327.1M | $897.0M | ||
| Q2 24 | $278.3M | $1.6B |
自由现金流PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | $127.6M | $116.0M | ||
| Q3 25 | $280.1M | $-989.0M | ||
| Q2 25 | $129.9M | $910.0M | ||
| Q1 25 | $191.0M | $1.2B | ||
| Q4 24 | $124.1M | $915.0M | ||
| Q3 24 | $180.4M | $563.0M | ||
| Q2 24 | $33.3M | $-567.0M |
自由现金流率PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | 2.7% | ||
| Q3 25 | 12.1% | -19.2% | ||
| Q2 25 | 6.0% | 20.1% | ||
| Q1 25 | 8.9% | 30.0% | ||
| Q4 24 | 5.8% | 24.3% | ||
| Q3 24 | 8.3% | 11.5% | ||
| Q2 24 | 1.6% | -13.8% |
资本支出强度PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | 13.5% | 35.4% | ||
| Q3 25 | 8.3% | 47.8% | ||
| Q2 25 | 7.8% | 18.4% | ||
| Q1 25 | 6.9% | 10.7% | ||
| Q4 24 | 9.4% | 14.7% | ||
| Q3 24 | 6.7% | 6.8% | ||
| Q2 24 | 11.8% | 52.1% |
现金转化率PKGRCL
| Q1 26 | — | — | ||
| Q4 25 | 4.38× | 2.16× | ||
| Q3 25 | 2.08× | 0.93× | ||
| Q2 25 | 1.24× | 1.44× | ||
| Q1 25 | 1.66× | 2.23× | ||
| Q4 24 | 1.47× | 2.66× | ||
| Q3 24 | 1.37× | 0.81× | ||
| Q2 24 | 1.40× | 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
PKG
暂无分部数据
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
