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PILGRIMS PRIDE CORP（PPC）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
PILGRIMS PRIDE CORP的季度营收约是皇家加勒比集团的1.1倍（$4.5B vs $4.3B），皇家加勒比集团净利率更高（17.7% vs 1.9%，领先15.7%），皇家加勒比集团同比增速更快（13.3% vs 3.3%），皇家加勒比集团自由现金流更多（$116.0M vs $10.0M），过去两年皇家加勒比集团的营收复合增速更高（6.9% vs 1.8%）
Pilgrim's Pride是美国跨国食品企业，为美国及波多黎各最大的鸡肉生产商之一，同时是墨西哥第二大鸡肉生产商。公司2009年12月脱离破产状态，2011年将美国总部迁至科罗拉多州格里利，由JBS集团控股，2016年11月底以3.5亿美元收购Gold'n Plump。
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。
PPC vs RCL — 直观对比
营收规模更大
PPC
是对方的1.1倍
$4.3B
营收增速更快
RCL
高出9.9%
3.3%
净利率更高
RCL
高出15.7%
1.9%
自由现金流更多
RCL
多$106.0M
$10.0M
两年增速更快
RCL
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $4.3B |
| 净利润 | $88.0M | $753.0M |
| 毛利率 | 9.5% | 47.4% |
| 营业利润率 | 4.5% | 21.9% |
| 净利率 | 1.9% | 17.7% |
| 营收同比 | 3.3% | 13.3% |
| 净利润同比 | -62.7% | 36.4% |
| 每股收益（稀释后） | $0.37 | $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PPCRCL
| Q4 25 | $4.5B | $4.3B | ||
| Q3 25 | $4.8B | $5.1B | ||
| Q2 25 | $4.8B | $4.5B | ||
| Q1 25 | $4.5B | $4.0B | ||
| Q4 24 | $4.4B | $3.8B | ||
| Q3 24 | $4.6B | $4.9B | ||
| Q2 24 | $4.6B | $4.1B | ||
| Q1 24 | $4.4B | $3.7B |
净利润PPCRCL
| Q4 25 | $88.0M | $753.0M | ||
| Q3 25 | $342.8M | $1.6B | ||
| Q2 25 | $355.5M | $1.2B | ||
| Q1 25 | $296.0M | $730.0M | ||
| Q4 24 | $235.9M | $552.0M | ||
| Q3 24 | $349.9M | $1.1B | ||
| Q2 24 | $326.3M | $854.0M | ||
| Q1 24 | $174.4M | $360.0M |
毛利率PPCRCL
| Q4 25 | 9.5% | 47.4% | ||
| Q3 25 | 13.9% | 51.8% | ||
| Q2 25 | 15.0% | 49.7% | ||
| Q1 25 | 12.4% | 48.0% | ||
| Q4 24 | 12.7% | 45.4% | ||
| Q3 24 | 14.9% | 51.1% | ||
| Q2 24 | 15.2% | 47.6% | ||
| Q1 24 | 8.8% | 44.8% |
营业利润率PPCRCL
| Q4 25 | 4.5% | 21.9% | ||
| Q3 25 | 10.4% | 33.1% | ||
| Q2 25 | 10.8% | 29.3% | ||
| Q1 25 | 9.1% | 23.6% | ||
| Q4 24 | 7.0% | 16.6% | ||
| Q3 24 | 11.1% | 33.4% | ||
| Q2 24 | 9.7% | 26.7% | ||
| Q1 24 | 5.7% | 20.1% |
净利率PPCRCL
| Q4 25 | 1.9% | 17.7% | ||
| Q3 25 | 7.2% | 30.6% | ||
| Q2 25 | 7.5% | 26.7% | ||
| Q1 25 | 6.6% | 18.3% | ||
| Q4 24 | 5.4% | 14.7% | ||
| Q3 24 | 7.6% | 22.7% | ||
| Q2 24 | 7.2% | 20.8% | ||
| Q1 24 | 4.0% | 9.7% |
每股收益（稀释后）PPCRCL
| Q4 25 | $0.37 | $2.76 | ||
| Q3 25 | $1.44 | $5.74 | ||
| Q2 25 | $1.49 | $4.41 | ||
| Q1 25 | $1.24 | $2.70 | ||
| Q4 24 | $1.00 | $2.27 | ||
| Q3 24 | $1.47 | $4.21 | ||
| Q2 24 | $1.37 | $3.11 | ||
| Q1 24 | $0.73 | $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 | $640.2M | $825.0M |
| 总债务越低越好 | $3.1B | $18.2B |
| 股东权益账面价值 | $3.7B | $10.0B |
| 总资产 | $10.3B | $41.6B |
| 负债/权益比越低杠杆越低 | 0.84× | 1.81× |
8季度趋势，按日历期对齐
现金及短期投资PPCRCL
| Q4 25 | $640.2M | $825.0M | ||
| Q3 25 | $612.6M | $432.0M | ||
| Q2 25 | $849.0M | $735.0M | ||
| Q1 25 | $2.1B | $386.0M | ||
| Q4 24 | $2.0B | $388.0M | ||
| Q3 24 | $1.9B | $418.0M | ||
| Q2 24 | $1.3B | $391.0M | ||
| Q1 24 | $870.8M | $437.0M |
总债务PPCRCL
| Q4 25 | $3.1B | $18.2B | ||
| Q3 25 | $3.1B | $17.2B | ||
| Q2 25 | $3.1B | $17.6B | ||
| Q1 25 | $3.2B | $18.0B | ||
| Q4 24 | $3.2B | $18.5B | ||
| Q3 24 | $3.2B | $19.0B | ||
| Q2 24 | $3.2B | $19.8B | ||
| Q1 24 | $3.3B | $18.9B |
股东权益PPCRCL
| Q4 25 | $3.7B | $10.0B | ||
| Q3 25 | $3.5B | $10.1B | ||
| Q2 25 | $3.7B | $9.2B | ||
| Q1 25 | $3.1B | $8.0B | ||
| Q4 24 | $4.2B | $7.6B | ||
| Q3 24 | $4.2B | $7.0B | ||
| Q2 24 | $3.7B | $6.0B | ||
| Q1 24 | $3.5B | $5.2B |
总资产PPCRCL
| Q4 25 | $10.3B | $41.6B | ||
| Q3 25 | $10.0B | $40.1B | ||
| Q2 25 | $10.1B | $38.5B | ||
| Q1 25 | $11.0B | $37.5B | ||
| Q4 24 | $10.7B | $37.1B | ||
| Q3 24 | $10.7B | $37.1B | ||
| Q2 24 | $10.1B | $37.0B | ||
| Q1 24 | $9.8B | $35.2B |
负债/权益比PPCRCL
| Q4 25 | 0.84× | 1.81× | ||
| Q3 25 | 0.87× | 1.70× | ||
| Q2 25 | 0.83× | 1.92× | ||
| Q1 25 | 1.02× | 2.26× | ||
| Q4 24 | 0.76× | 2.44× | ||
| Q3 24 | 0.76× | 2.69× | ||
| Q2 24 | 0.85× | 3.29× | ||
| Q1 24 | 0.96× | 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 | $291.2M | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $10.0M | $116.0M |
| 自由现金流率自由现金流/营收 | 0.2% | 2.7% |
| 资本支出强度资本支出/营收 | 6.2% | 35.4% |
| 现金转化率经营现金流/净利润 | 3.31× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $653.1M | $1.2B |
8季度趋势，按日历期对齐
经营现金流PPCRCL
| Q4 25 | $291.2M | $1.6B | ||
| Q3 25 | $458.3M | $1.5B | ||
| Q2 25 | $495.2M | $1.7B | ||
| Q1 25 | $126.9M | $1.6B | ||
| Q4 24 | $349.3M | $1.5B | ||
| Q3 24 | $651.1M | $897.0M | ||
| Q2 24 | $718.6M | $1.6B | ||
| Q1 24 | $271.0M | $1.3B |
自由现金流PPCRCL
| Q4 25 | $10.0M | $116.0M | ||
| Q3 25 | $275.9M | $-989.0M | ||
| Q2 25 | $339.1M | $910.0M | ||
| Q1 25 | $28.1M | $1.2B | ||
| Q4 24 | $176.6M | $915.0M | ||
| Q3 24 | $565.3M | $563.0M | ||
| Q2 24 | $617.7M | $-567.0M | ||
| Q1 24 | $171.9M | $1.1B |
自由现金流率PPCRCL
| Q4 25 | 0.2% | 2.7% | ||
| Q3 25 | 5.8% | -19.2% | ||
| Q2 25 | 7.1% | 20.1% | ||
| Q1 25 | 0.6% | 30.0% | ||
| Q4 24 | 4.0% | 24.3% | ||
| Q3 24 | 12.3% | 11.5% | ||
| Q2 24 | 13.5% | -13.8% | ||
| Q1 24 | 3.9% | 29.1% |
资本支出强度PPCRCL
| Q4 25 | 6.2% | 35.4% | ||
| Q3 25 | 3.8% | 47.8% | ||
| Q2 25 | 3.3% | 18.4% | ||
| Q1 25 | 2.2% | 10.7% | ||
| Q4 24 | 4.0% | 14.7% | ||
| Q3 24 | 1.9% | 6.8% | ||
| Q2 24 | 2.2% | 52.1% | ||
| Q1 24 | 2.3% | 6.5% |
现金转化率PPCRCL
| Q4 25 | 3.31× | 2.16× | ||
| Q3 25 | 1.34× | 0.93× | ||
| Q2 25 | 1.39× | 1.44× | ||
| Q1 25 | 0.43× | 2.23× | ||
| Q4 24 | 1.48× | 2.66× | ||
| Q3 24 | 1.86× | 0.81× | ||
| Q2 24 | 2.20× | 1.84× | ||
| Q1 24 | 1.55× | 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
PPC
| Retail | $1.5B | 33% |
| Europe Reportable Segment | $1.4B | 31% |
| Food Service | $889.2M | 20% |
| Prepared Product | $332.8M | 7% |
| Product Export | $122.7M | 3% |
| Other Sales Channel | $96.0M | 2% |
| Other Product And Service | $79.7M | 2% |
| Related Party | $21.7M | 0% |
| Seara Meats B.V. | $18.9M | 0% |
| Penasul UKLTD | $10.3M | 0% |
| JBSUSA Food Company | $5.4M | 0% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
