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皇家加勒比集团（RCL）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.7倍（$4.5B vs $2.7B），皇家加勒比集团净利率更高（21.3% vs 2.5%，领先18.8%），Rocket Companies, Inc.同比增速更快（52.2% vs 11.3%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 4.1%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
RCL vs RKT — 直观对比
营收规模更大
RCL
是对方的1.7倍
$2.7B
营收增速更快
RKT
高出40.8%
11.3%
净利率更高
RCL
高出18.8%
2.5%
两年增速更快
RKT
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $2.7B |
| 净利润 | $950.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 26.1% | 6.3% |
| 净利率 | 21.3% | 2.5% |
| 营收同比 | 11.3% | 52.2% |
| 净利润同比 | 29.1% | 100.8% |
| 每股收益（稀释后） | $3.48 | $0.10 |
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RCLRKT
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.3B | $2.7B | ||
| Q3 25 | $5.1B | $1.6B | ||
| Q2 25 | $4.5B | $1.4B | ||
| Q1 25 | $4.0B | $1.0B | ||
| Q4 24 | $3.8B | $1.8B | ||
| Q3 24 | $4.9B | $646.9M | ||
| Q2 24 | $4.1B | $1.3B |
净利润RCLRKT
| Q1 26 | $950.0M | — | ||
| Q4 25 | $753.0M | $68.0M | ||
| Q3 25 | $1.6B | $-123.9M | ||
| Q2 25 | $1.2B | $-1.8M | ||
| Q1 25 | $730.0M | $-10.4M | ||
| Q4 24 | $552.0M | $33.9M | ||
| Q3 24 | $1.1B | $-22.0M | ||
| Q2 24 | $854.0M | $1.3M |
毛利率RCLRKT
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | — | ||
| Q3 25 | 51.8% | — | ||
| Q2 25 | 49.7% | — | ||
| Q1 25 | 48.0% | — | ||
| Q4 24 | 45.4% | 58.9% | ||
| Q3 24 | 51.1% | -8.4% | ||
| Q2 24 | 47.6% | 47.4% |
营业利润率RCLRKT
| Q1 26 | 26.1% | — | ||
| Q4 25 | 21.9% | 6.3% | ||
| Q3 25 | 33.1% | -11.5% | ||
| Q2 25 | 29.3% | 1.8% | ||
| Q1 25 | 23.6% | -21.5% | ||
| Q4 24 | 16.6% | 38.1% | ||
| Q3 24 | 33.4% | -76.9% | ||
| Q2 24 | 26.7% | 14.8% |
净利率RCLRKT
| Q1 26 | 21.3% | — | ||
| Q4 25 | 17.7% | 2.5% | ||
| Q3 25 | 30.6% | -7.7% | ||
| Q2 25 | 26.7% | -0.1% | ||
| Q1 25 | 18.3% | -1.0% | ||
| Q4 24 | 14.7% | 1.9% | ||
| Q3 24 | 22.7% | -3.4% | ||
| Q2 24 | 20.8% | 0.1% |
每股收益（稀释后）RCLRKT
| Q1 26 | $3.48 | — | ||
| Q4 25 | $2.76 | $0.10 | ||
| Q3 25 | $5.74 | $-0.06 | ||
| Q2 25 | $4.41 | $-0.01 | ||
| Q1 25 | $2.70 | $-0.08 | ||
| Q4 24 | $2.27 | $0.28 | ||
| Q3 24 | $4.21 | $-0.19 | ||
| Q2 24 | $3.11 | $0.01 |
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 | $512.0M | $2.7B |
| 总债务越低越好 | $21.1B | — |
| 股东权益账面价值 | $10.0B | $22.9B |
| 总资产 | $42.0B | $60.7B |
| 负债/权益比越低杠杆越低 | 2.11× | — |
8季度趋势，按日历期对齐
现金及短期投资RCLRKT
| Q1 26 | $512.0M | — | ||
| Q4 25 | $825.0M | $2.7B | ||
| Q3 25 | $432.0M | $5.8B | ||
| Q2 25 | $735.0M | $5.1B | ||
| Q1 25 | $386.0M | $1.4B | ||
| Q4 24 | $388.0M | $1.3B | ||
| Q3 24 | $418.0M | $1.2B | ||
| Q2 24 | $391.0M | $1.3B |
总债务RCLRKT
| Q1 26 | $21.1B | — | ||
| Q4 25 | $18.2B | — | ||
| Q3 25 | $17.2B | — | ||
| Q2 25 | $17.6B | — | ||
| Q1 25 | $18.0B | — | ||
| Q4 24 | $18.5B | — | ||
| Q3 24 | $19.0B | — | ||
| Q2 24 | $19.8B | — |
股东权益RCLRKT
| Q1 26 | $10.0B | — | ||
| Q4 25 | $10.0B | $22.9B | ||
| Q3 25 | $10.1B | $8.9B | ||
| Q2 25 | $9.2B | $7.4B | ||
| Q1 25 | $8.0B | $8.6B | ||
| Q4 24 | $7.6B | $9.0B | ||
| Q3 24 | $7.0B | $8.4B | ||
| Q2 24 | $6.0B | $8.8B |
总资产RCLRKT
| Q1 26 | $42.0B | — | ||
| Q4 25 | $41.6B | $60.7B | ||
| Q3 25 | $40.1B | $33.6B | ||
| Q2 25 | $38.5B | $30.4B | ||
| Q1 25 | $37.5B | $25.3B | ||
| Q4 24 | $37.1B | $24.5B | ||
| Q3 24 | $37.1B | $25.1B | ||
| Q2 24 | $37.0B | $23.6B |
负债/权益比RCLRKT
| Q1 26 | 2.11× | — | ||
| Q4 25 | 1.81× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | 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 | $1.8B | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | — | 1.5% |
| 现金转化率经营现金流/净利润 | 1.93× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流RCLRKT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.6B | $-1.2B | ||
| Q3 25 | $1.5B | $-50.3M | ||
| Q2 25 | $1.7B | $-1.9B | ||
| Q1 25 | $1.6B | $-797.0M | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $897.0M | $-1.3B | ||
| Q2 24 | $1.6B | $-122.3M |
自由现金流RCLRKT
| Q1 26 | — | — | ||
| Q4 25 | $116.0M | $-1.3B | ||
| Q3 25 | $-989.0M | $-71.8M | ||
| Q2 25 | $910.0M | $-1.9B | ||
| Q1 25 | $1.2B | $-811.0M | ||
| Q4 24 | $915.0M | $1.8B | ||
| Q3 24 | $563.0M | $-1.4B | ||
| Q2 24 | $-567.0M | $-138.3M |
自由现金流率RCLRKT
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | -47.2% | ||
| Q3 25 | -19.2% | -4.5% | ||
| Q2 25 | 20.1% | -137.2% | ||
| Q1 25 | 30.0% | -78.2% | ||
| Q4 24 | 24.3% | 103.1% | ||
| Q3 24 | 11.5% | -209.6% | ||
| Q2 24 | -13.8% | -10.6% |
资本支出强度RCLRKT
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | 1.5% | ||
| Q3 25 | 47.8% | 1.3% | ||
| Q2 25 | 18.4% | 1.1% | ||
| Q1 25 | 10.7% | 1.4% | ||
| Q4 24 | 14.7% | 1.1% | ||
| Q3 24 | 6.8% | 2.9% | ||
| Q2 24 | 52.1% | 1.2% |
现金转化率RCLRKT
| Q1 26 | 1.93× | — | ||
| Q4 25 | 2.16× | -18.08× | ||
| Q3 25 | 0.93× | — | ||
| Q2 25 | 1.44× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.66× | 54.42× | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 1.84× | -94.46× |
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
RCL
| Passenger ticket revenues | $3.0B | 68% |
| Onboard and other revenues | $1.4B | 32% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
