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皇家加勒比集团（RCL）与史丹利百得（SWK）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史丹利百得的1.1倍（$4.3B vs $3.8B），皇家加勒比集团净利率更高（17.7% vs 1.4%，领先16.3%），皇家加勒比集团同比增速更快（13.3% vs 0.1%），史丹利百得自由现金流更多（$155.3M 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 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
RCL vs SWK — 直观对比
营收规模更大
RCL
是对方的1.1倍
$3.8B
营收增速更快
RCL
高出13.1%
0.1%
净利率更高
RCL
高出16.3%
1.4%
自由现金流更多
SWK
多$39.3M
$116.0M
两年增速更快
RCL
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.3B | $3.8B |
| 净利润 | $753.0M | $51.4M |
| 毛利率 | 47.4% | 31.4% |
| 营业利润率 | 21.9% | — |
| 净利率 | 17.7% | 1.4% |
| 营收同比 | 13.3% | 0.1% |
| 净利润同比 | 36.4% | -43.6% |
| 每股收益（稀释后） | $2.76 | $0.34 |
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RCLSWK
| Q4 25 | $4.3B | — | ||
| Q3 25 | $5.1B | $3.8B | ||
| Q2 25 | $4.5B | $3.9B | ||
| Q1 25 | $4.0B | $3.7B | ||
| Q4 24 | $3.8B | $3.7B | ||
| Q3 24 | $4.9B | $3.8B | ||
| Q2 24 | $4.1B | $4.0B | ||
| Q1 24 | $3.7B | $3.9B |
净利润RCLSWK
| Q4 25 | $753.0M | — | ||
| Q3 25 | $1.6B | $51.4M | ||
| Q2 25 | $1.2B | $101.9M | ||
| Q1 25 | $730.0M | $90.4M | ||
| Q4 24 | $552.0M | $194.9M | ||
| Q3 24 | $1.1B | $91.1M | ||
| Q2 24 | $854.0M | $-11.2M | ||
| Q1 24 | $360.0M | $19.5M |
毛利率RCLSWK
| Q4 25 | 47.4% | — | ||
| Q3 25 | 51.8% | 31.4% | ||
| Q2 25 | 49.7% | 27.0% | ||
| Q1 25 | 48.0% | 29.9% | ||
| Q4 24 | 45.4% | 30.8% | ||
| Q3 24 | 51.1% | 29.9% | ||
| Q2 24 | 47.6% | 28.4% | ||
| Q1 24 | 44.8% | 28.6% |
营业利润率RCLSWK
| Q4 25 | 21.9% | — | ||
| Q3 25 | 33.1% | — | ||
| Q2 25 | 29.3% | — | ||
| Q1 25 | 23.6% | — | ||
| Q4 24 | 16.6% | 3.4% | ||
| Q3 24 | 33.4% | 10.6% | ||
| Q2 24 | 26.7% | 9.5% | ||
| Q1 24 | 20.1% | 8.3% |
净利率RCLSWK
| Q4 25 | 17.7% | — | ||
| Q3 25 | 30.6% | 1.4% | ||
| Q2 25 | 26.7% | 2.6% | ||
| Q1 25 | 18.3% | 2.4% | ||
| Q4 24 | 14.7% | 5.2% | ||
| Q3 24 | 22.7% | 2.4% | ||
| Q2 24 | 20.8% | -0.3% | ||
| Q1 24 | 9.7% | 0.5% |
每股收益（稀释后）RCLSWK
| Q4 25 | $2.76 | — | ||
| Q3 25 | $5.74 | $0.34 | ||
| Q2 25 | $4.41 | $0.67 | ||
| Q1 25 | $2.70 | $0.60 | ||
| Q4 24 | $2.27 | $1.29 | ||
| Q3 24 | $4.21 | $0.60 | ||
| Q2 24 | $3.11 | $-0.07 | ||
| Q1 24 | $1.35 | $0.13 |
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 | $268.3M |
| 总债务越低越好 | $18.2B | $5.3B |
| 股东权益账面价值 | $10.0B | $9.0B |
| 总资产 | $41.6B | $21.8B |
| 负债/权益比越低杠杆越低 | 1.81× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资RCLSWK
| Q4 25 | $825.0M | — | ||
| Q3 25 | $432.0M | $268.3M | ||
| Q2 25 | $735.0M | $311.8M | ||
| Q1 25 | $386.0M | $344.8M | ||
| Q4 24 | $388.0M | $290.5M | ||
| Q3 24 | $418.0M | $298.7M | ||
| Q2 24 | $391.0M | $318.5M | ||
| Q1 24 | $437.0M | $476.6M |
总债务RCLSWK
| Q4 25 | $18.2B | — | ||
| Q3 25 | $17.2B | $5.3B | ||
| Q2 25 | $17.6B | $5.6B | ||
| Q1 25 | $18.0B | $5.6B | ||
| Q4 24 | $18.5B | $6.1B | ||
| Q3 24 | $19.0B | $6.1B | ||
| Q2 24 | $19.8B | $6.1B | ||
| Q1 24 | $18.9B | $6.1B |
股东权益RCLSWK
| Q4 25 | $10.0B | — | ||
| Q3 25 | $10.1B | $9.0B | ||
| Q2 25 | $9.2B | $9.1B | ||
| Q1 25 | $8.0B | $8.8B | ||
| Q4 24 | $7.6B | $8.7B | ||
| Q3 24 | $7.0B | $8.9B | ||
| Q2 24 | $6.0B | $8.7B | ||
| Q1 24 | $5.2B | $8.9B |
总资产RCLSWK
| Q4 25 | $41.6B | — | ||
| Q3 25 | $40.1B | $21.8B | ||
| Q2 25 | $38.5B | $22.5B | ||
| Q1 25 | $37.5B | $22.5B | ||
| Q4 24 | $37.1B | $21.8B | ||
| Q3 24 | $37.1B | $22.5B | ||
| Q2 24 | $37.0B | $22.5B | ||
| Q1 24 | $35.2B | $23.9B |
负债/权益比RCLSWK
| Q4 25 | 1.81× | — | ||
| Q3 25 | 1.70× | 0.59× | ||
| Q2 25 | 1.92× | 0.62× | ||
| Q1 25 | 2.26× | 0.63× | ||
| Q4 24 | 2.44× | 0.70× | ||
| Q3 24 | 2.69× | 0.69× | ||
| Q2 24 | 3.29× | 0.70× | ||
| Q1 24 | 3.66× | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $116.0M | $155.3M |
| 自由现金流率自由现金流/营收 | 2.7% | 4.1% |
| 资本支出强度资本支出/营收 | 35.4% | 1.8% |
| 现金转化率经营现金流/净利润 | 2.16× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $369.6M |
8季度趋势，按日历期对齐
经营现金流RCLSWK
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.5B | $221.2M | ||
| Q2 25 | $1.7B | $214.3M | ||
| Q1 25 | $1.6B | $-420.0M | ||
| Q4 24 | $1.5B | $679.1M | ||
| Q3 24 | $897.0M | $285.8M | ||
| Q2 24 | $1.6B | $573.0M | ||
| Q1 24 | $1.3B | $-431.0M |
自由现金流RCLSWK
| Q4 25 | $116.0M | — | ||
| Q3 25 | $-989.0M | $155.3M | ||
| Q2 25 | $910.0M | $134.7M | ||
| Q1 25 | $1.2B | $-485.0M | ||
| Q4 24 | $915.0M | $564.6M | ||
| Q3 24 | $563.0M | $199.3M | ||
| Q2 24 | $-567.0M | $485.8M | ||
| Q1 24 | $1.1B | $-496.7M |
自由现金流率RCLSWK
| Q4 25 | 2.7% | — | ||
| Q3 25 | -19.2% | 4.1% | ||
| Q2 25 | 20.1% | 3.4% | ||
| Q1 25 | 30.0% | -13.0% | ||
| Q4 24 | 24.3% | 15.2% | ||
| Q3 24 | 11.5% | 5.3% | ||
| Q2 24 | -13.8% | 12.1% | ||
| Q1 24 | 29.1% | -12.8% |
资本支出强度RCLSWK
| Q4 25 | 35.4% | — | ||
| Q3 25 | 47.8% | 1.8% | ||
| Q2 25 | 18.4% | 2.0% | ||
| Q1 25 | 10.7% | 1.7% | ||
| Q4 24 | 14.7% | 3.1% | ||
| Q3 24 | 6.8% | 2.3% | ||
| Q2 24 | 52.1% | 2.2% | ||
| Q1 24 | 6.5% | 1.7% |
现金转化率RCLSWK
| Q4 25 | 2.16× | — | ||
| Q3 25 | 0.93× | 4.30× | ||
| Q2 25 | 1.44× | 2.10× | ||
| Q1 25 | 2.23× | -4.65× | ||
| Q4 24 | 2.66× | 3.48× | ||
| Q3 24 | 0.81× | 3.14× | ||
| Q2 24 | 1.84× | — | ||
| Q1 24 | 3.69× | -22.10× |
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 | $2.9B | 69% |
| Other | $1.3B | 31% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
