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皇家加勒比集团（RCL）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是皇家加勒比集团的1.7倍（$7.4B vs $4.5B），美国合众银行净利率更高（27.8% vs 21.3%，领先6.4%），皇家加勒比集团同比增速更快（11.3% vs 5.1%），过去两年美国合众银行的营收复合增速更高（4.7% 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。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
RCL vs USB — 直观对比
营收规模更大
USB
是对方的1.7倍
$4.5B
营收增速更快
RCL
高出6.2%
5.1%
净利率更高
USB
高出6.4%
21.3%
两年增速更快
USB
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.5B | $7.4B |
| 净利润 | $950.0M | $2.0B |
| 毛利率 | — | — |
| 营业利润率 | 26.1% | 34.4% |
| 净利率 | 21.3% | 27.8% |
| 营收同比 | 11.3% | 5.1% |
| 净利润同比 | 29.1% | 23.0% |
| 每股收益（稀释后） | $3.48 | $1.26 |
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RCLUSB
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.3B | $7.4B | ||
| Q3 25 | $5.1B | $7.3B | ||
| Q2 25 | $4.5B | $7.0B | ||
| Q1 25 | $4.0B | $7.0B | ||
| Q4 24 | $3.8B | $7.0B | ||
| Q3 24 | $4.9B | $6.9B | ||
| Q2 24 | $4.1B | $6.9B |
净利润RCLUSB
| Q1 26 | $950.0M | — | ||
| Q4 25 | $753.0M | $2.0B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $730.0M | $1.7B | ||
| Q4 24 | $552.0M | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $854.0M | $1.6B |
毛利率RCLUSB
| 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RCLUSB
| Q1 26 | 26.1% | — | ||
| Q4 25 | 21.9% | 34.4% | ||
| Q3 25 | 33.1% | 34.5% | ||
| Q2 25 | 29.3% | 32.7% | ||
| Q1 25 | 23.6% | 31.0% | ||
| Q4 24 | 16.6% | 30.1% | ||
| Q3 24 | 33.4% | 30.2% | ||
| Q2 24 | 26.7% | 29.9% |
净利率RCLUSB
| Q1 26 | 21.3% | — | ||
| Q4 25 | 17.7% | 27.8% | ||
| Q3 25 | 30.6% | 27.3% | ||
| Q2 25 | 26.7% | 25.9% | ||
| Q1 25 | 18.3% | 24.6% | ||
| Q4 24 | 14.7% | 23.7% | ||
| Q3 24 | 22.7% | 25.0% | ||
| Q2 24 | 20.8% | 23.3% |
每股收益（稀释后）RCLUSB
| Q1 26 | $3.48 | — | ||
| Q4 25 | $2.76 | $1.26 | ||
| Q3 25 | $5.74 | $1.22 | ||
| Q2 25 | $4.41 | $1.11 | ||
| Q1 25 | $2.70 | $1.03 | ||
| Q4 24 | $2.27 | $1.01 | ||
| Q3 24 | $4.21 | $1.03 | ||
| Q2 24 | $3.11 | $0.97 |
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 | — |
| 总债务越低越好 | $21.1B | — |
| 股东权益账面价值 | $10.0B | $65.2B |
| 总资产 | $42.0B | $692.3B |
| 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RCLUSB
| Q1 26 | $512.0M | — | ||
| Q4 25 | $825.0M | — | ||
| Q3 25 | $432.0M | — | ||
| Q2 25 | $735.0M | — | ||
| Q1 25 | $386.0M | — | ||
| Q4 24 | $388.0M | — | ||
| Q3 24 | $418.0M | — | ||
| Q2 24 | $391.0M | — |
总债务RCLUSB
| 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RCLUSB
| Q1 26 | $10.0B | — | ||
| Q4 25 | $10.0B | $65.2B | ||
| Q3 25 | $10.1B | $63.3B | ||
| Q2 25 | $9.2B | $61.4B | ||
| Q1 25 | $8.0B | $60.1B | ||
| Q4 24 | $7.6B | $58.6B | ||
| Q3 24 | $7.0B | $58.9B | ||
| Q2 24 | $6.0B | $56.4B |
总资产RCLUSB
| Q1 26 | $42.0B | — | ||
| Q4 25 | $41.6B | $692.3B | ||
| Q3 25 | $40.1B | $695.4B | ||
| Q2 25 | $38.5B | $686.4B | ||
| Q1 25 | $37.5B | $676.5B | ||
| Q4 24 | $37.1B | $678.3B | ||
| Q3 24 | $37.1B | $686.5B | ||
| Q2 24 | $37.0B | $680.1B |
负债/权益比RCLUSB
| 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 | $2.8B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.93× | 1.39× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流RCLUSB
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.6B | $2.8B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.7B | $2.0B | ||
| Q1 25 | $1.6B | $-285.0M | ||
| Q4 24 | $1.5B | $4.8B | ||
| Q3 24 | $897.0M | $972.0M | ||
| Q2 24 | $1.6B | $2.9B |
自由现金流RCLUSB
| Q1 26 | — | — | ||
| Q4 25 | $116.0M | — | ||
| Q3 25 | $-989.0M | — | ||
| Q2 25 | $910.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $915.0M | — | ||
| Q3 24 | $563.0M | — | ||
| Q2 24 | $-567.0M | — |
自由现金流率RCLUSB
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | — | ||
| Q3 25 | -19.2% | — | ||
| Q2 25 | 20.1% | — | ||
| Q1 25 | 30.0% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | -13.8% | — |
资本支出强度RCLUSB
| Q1 26 | — | — | ||
| Q4 25 | 35.4% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 18.4% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 52.1% | — |
现金转化率RCLUSB
| Q1 26 | 1.93× | — | ||
| Q4 25 | 2.16× | 1.39× | ||
| Q3 25 | 0.93× | 1.69× | ||
| Q2 25 | 1.44× | 1.12× | ||
| Q1 25 | 2.23× | -0.17× | ||
| Q4 24 | 2.66× | 2.87× | ||
| Q3 24 | 0.81× | 0.57× | ||
| Q2 24 | 1.84× | 1.79× |
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% |
USB
暂无分部数据
