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PPL Corporation（PPL）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PPL Corporation的1.8倍（$4.3B vs $2.3B），皇家加勒比集团净利率更高（17.9% vs 11.3%，领先6.6%），皇家加勒比集团同比增速更快（13.2% vs 7.2%），过去两年皇家加勒比集团的营收复合增速更高（1.8% vs 1.0%）
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
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。
PPL vs RCL — 直观对比
营收规模更大
RCL
是对方的1.8倍
$2.3B
营收增速更快
RCL
高出6.0%
7.2%
净利率更高
RCL
高出6.6%
11.3%
两年增速更快
RCL
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $4.3B |
| 净利润 | $266.0M | $762.0M |
| 毛利率 | — | — |
| 营业利润率 | 20.3% | 21.9% |
| 净利率 | 11.3% | 17.9% |
| 营收同比 | 7.2% | 13.2% |
| 净利润同比 | 50.3% | 36.3% |
| 每股收益（稀释后） | $0.35 | $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PPLRCL
| Q1 26 | — | $4.3B | ||
| Q4 25 | $2.3B | $4.3B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.0B | $4.5B | ||
| Q1 25 | $2.5B | $4.0B | ||
| Q4 24 | $2.2B | $3.8B | ||
| Q3 24 | $2.1B | $4.9B | ||
| Q2 24 | $1.9B | $4.1B |
净利润PPLRCL
| Q1 26 | — | $762.0M | ||
| Q4 25 | $266.0M | $753.0M | ||
| Q3 25 | $318.0M | $1.6B | ||
| Q2 25 | $183.0M | $1.2B | ||
| Q1 25 | $414.0M | $730.0M | ||
| Q4 24 | $177.0M | $552.0M | ||
| Q3 24 | $214.0M | $1.1B | ||
| Q2 24 | $190.0M | $854.0M |
毛利率PPLRCL
| 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PPLRCL
| Q1 26 | — | 21.9% | ||
| Q4 25 | 20.3% | 21.9% | ||
| Q3 25 | 25.4% | 33.1% | ||
| Q2 25 | 19.9% | 29.3% | ||
| Q1 25 | 26.6% | 23.6% | ||
| Q4 24 | 17.2% | 16.6% | ||
| Q3 24 | 20.6% | 33.4% | ||
| Q2 24 | 20.8% | 26.7% |
净利率PPLRCL
| Q1 26 | — | 17.9% | ||
| Q4 25 | 11.3% | 17.7% | ||
| Q3 25 | 14.2% | 30.6% | ||
| Q2 25 | 9.0% | 26.7% | ||
| Q1 25 | 16.3% | 18.3% | ||
| Q4 24 | 8.1% | 14.7% | ||
| Q3 24 | 10.3% | 22.7% | ||
| Q2 24 | 10.1% | 20.8% |
每股收益（稀释后）PPLRCL
| Q1 26 | — | $2.76 | ||
| Q4 25 | $0.35 | $2.76 | ||
| Q3 25 | $0.43 | $5.74 | ||
| Q2 25 | $0.25 | $4.41 | ||
| Q1 25 | $0.56 | $2.70 | ||
| Q4 24 | $0.23 | $2.27 | ||
| Q3 24 | $0.29 | $4.21 | ||
| Q2 24 | $0.26 | $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 | $1.1B | $825.0M |
| 总债务越低越好 | $18.9B | $21.3B |
| 股东权益账面价值 | $14.9B | $10.2B |
| 总资产 | $45.2B | $41.6B |
| 负债/权益比越低杠杆越低 | 1.27× | 2.08× |
8季度趋势，按日历期对齐
现金及短期投资PPLRCL
| Q1 26 | — | $825.0M | ||
| Q4 25 | $1.1B | $825.0M | ||
| Q3 25 | $1.1B | $432.0M | ||
| Q2 25 | $294.0M | $735.0M | ||
| Q1 25 | $312.0M | $386.0M | ||
| Q4 24 | $306.0M | $388.0M | ||
| Q3 24 | $542.0M | $418.0M | ||
| Q2 24 | $282.0M | $391.0M |
总债务PPLRCL
| Q1 26 | — | $21.3B | ||
| Q4 25 | $18.9B | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | — | $18.0B | ||
| Q4 24 | $16.5B | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B |
股东权益PPLRCL
| Q1 26 | — | $10.2B | ||
| Q4 25 | $14.9B | $10.0B | ||
| Q3 25 | $14.4B | $10.1B | ||
| Q2 25 | $14.3B | $9.2B | ||
| Q1 25 | $14.3B | $8.0B | ||
| Q4 24 | $14.1B | $7.6B | ||
| Q3 24 | $14.1B | $7.0B | ||
| Q2 24 | $14.1B | $6.0B |
总资产PPLRCL
| Q1 26 | — | $41.6B | ||
| Q4 25 | $45.2B | $41.6B | ||
| Q3 25 | $43.9B | $40.1B | ||
| Q2 25 | $42.4B | $38.5B | ||
| Q1 25 | $41.8B | $37.5B | ||
| Q4 24 | $41.1B | $37.1B | ||
| Q3 24 | $40.5B | $37.1B | ||
| Q2 24 | $39.8B | $37.0B |
负债/权益比PPLRCL
| Q1 26 | — | 2.08× | ||
| Q4 25 | 1.27× | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.26× | ||
| Q4 24 | 1.17× | 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 | $548.0M | $6.5B |
| 自由现金流经营现金流 - 资本支出 | $-614.0M | — |
| 自由现金流率自由现金流/营收 | -26.1% | — |
| 资本支出强度资本支出/营收 | 49.5% | — |
| 现金转化率经营现金流/净利润 | 2.06× | 8.48× |
| 过去12个月自由现金流最近4个季度 | $-1.4B | — |
8季度趋势，按日历期对齐
经营现金流PPLRCL
| Q1 26 | — | $6.5B | ||
| Q4 25 | $548.0M | $1.6B | ||
| Q3 25 | $966.0M | $1.5B | ||
| Q2 25 | $602.0M | $1.7B | ||
| Q1 25 | $513.0M | $1.6B | ||
| Q4 24 | $511.0M | $1.5B | ||
| Q3 24 | $781.0M | $897.0M | ||
| Q2 24 | $766.0M | $1.6B |
自由现金流PPLRCL
| Q1 26 | — | — | ||
| Q4 25 | $-614.0M | $116.0M | ||
| Q3 25 | $-179.0M | $-989.0M | ||
| Q2 25 | $-328.0M | $910.0M | ||
| Q1 25 | $-280.0M | $1.2B | ||
| Q4 24 | $-349.0M | $915.0M | ||
| Q3 24 | $102.0M | $563.0M | ||
| Q2 24 | $96.0M | $-567.0M |
自由现金流率PPLRCL
| Q1 26 | — | — | ||
| Q4 25 | -26.1% | 2.7% | ||
| Q3 25 | -8.0% | -19.2% | ||
| Q2 25 | -16.1% | 20.1% | ||
| Q1 25 | -11.0% | 30.0% | ||
| Q4 24 | -15.9% | 24.3% | ||
| Q3 24 | 4.9% | 11.5% | ||
| Q2 24 | 5.1% | -13.8% |
资本支出强度PPLRCL
| Q1 26 | — | — | ||
| Q4 25 | 49.5% | 35.4% | ||
| Q3 25 | 51.2% | 47.8% | ||
| Q2 25 | 45.6% | 18.4% | ||
| Q1 25 | 31.2% | 10.7% | ||
| Q4 24 | 39.3% | 14.7% | ||
| Q3 24 | 32.7% | 6.8% | ||
| Q2 24 | 35.8% | 52.1% |
现金转化率PPLRCL
| Q1 26 | — | 8.48× | ||
| Q4 25 | 2.06× | 2.16× | ||
| Q3 25 | 3.04× | 0.93× | ||
| Q2 25 | 3.29× | 1.44× | ||
| Q1 25 | 1.24× | 2.23× | ||
| Q4 24 | 2.89× | 2.66× | ||
| Q3 24 | 3.65× | 0.81× | ||
| Q2 24 | 4.03× | 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
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
RCL
暂无分部数据
