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AAON, INC.（AAON）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是AAON, INC.的1.7倍（$737.8M vs $424.2M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 7.6%，领先2.5%），AAON, INC.同比增速更快（42.5% vs 13.9%），过去两年AAON, INC.的营收复合增速更高（27.2% vs 18.2%）
AAON公司是商用及工业领域暖通空调设备专业生产商，总部位于美国俄克拉荷马州塔尔萨市，在得克萨斯州朗维尤、密苏里州帕克维尔、俄勒冈州雷德蒙德设有生产基地，全球员工约4000人，年销售额超8.8亿美元。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
AAON vs RHP — 直观对比
营收规模更大
RHP
是对方的1.7倍
$424.2M
营收增速更快
AAON
高出28.6%
13.9%
净利率更高
RHP
高出2.5%
7.6%
两年增速更快
AAON
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $424.2M | $737.8M |
| 净利润 | $32.0M | $74.5M |
| 毛利率 | 25.9% | 41.4% |
| 营业利润率 | 10.4% | 19.4% |
| 净利率 | 7.6% | 10.1% |
| 营收同比 | 42.5% | 13.9% |
| 净利润同比 | 29.7% | 3.0% |
| 每股收益（稀释后） | $0.38 | $1.12 |
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AAONRHP
| Q4 25 | $424.2M | $737.8M | ||
| Q3 25 | $384.2M | $592.5M | ||
| Q2 25 | $311.6M | $659.5M | ||
| Q1 25 | $322.1M | $587.3M | ||
| Q4 24 | $297.7M | $647.6M | ||
| Q3 24 | $327.3M | $550.0M | ||
| Q2 24 | $313.6M | $613.3M | ||
| Q1 24 | $262.1M | $528.3M |
净利润AAONRHP
| Q4 25 | $32.0M | $74.5M | ||
| Q3 25 | $30.8M | $34.9M | ||
| Q2 25 | $15.5M | $71.8M | ||
| Q1 25 | $29.3M | $63.0M | ||
| Q4 24 | $24.7M | $72.3M | ||
| Q3 24 | $52.6M | $59.0M | ||
| Q2 24 | $52.2M | $100.8M | ||
| Q1 24 | $39.0M | $42.8M |
毛利率AAONRHP
| Q4 25 | 25.9% | 41.4% | ||
| Q3 25 | 27.8% | 40.9% | ||
| Q2 25 | 26.6% | 49.7% | ||
| Q1 25 | 26.8% | 44.4% | ||
| Q4 24 | 26.1% | 40.4% | ||
| Q3 24 | 34.9% | 43.1% | ||
| Q2 24 | 36.1% | 48.4% | ||
| Q1 24 | 35.2% | 41.5% |
营业利润率AAONRHP
| Q4 25 | 10.4% | 19.4% | ||
| Q3 25 | 11.3% | 15.0% | ||
| Q2 25 | 7.6% | 21.1% | ||
| Q1 25 | 10.9% | 19.8% | ||
| Q4 24 | 9.9% | 18.6% | ||
| Q3 24 | 20.0% | 19.3% | ||
| Q2 24 | 21.4% | 27.4% | ||
| Q1 24 | 17.9% | 18.2% |
净利率AAONRHP
| Q4 25 | 7.6% | 10.1% | ||
| Q3 25 | 8.0% | 5.9% | ||
| Q2 25 | 5.0% | 10.9% | ||
| Q1 25 | 9.1% | 10.7% | ||
| Q4 24 | 8.3% | 11.2% | ||
| Q3 24 | 16.1% | 10.7% | ||
| Q2 24 | 16.7% | 16.4% | ||
| Q1 24 | 14.9% | 8.1% |
每股收益（稀释后）AAONRHP
| Q4 25 | $0.38 | $1.12 | ||
| Q3 25 | $0.37 | $0.53 | ||
| Q2 25 | $0.19 | $1.12 | ||
| Q1 25 | $0.35 | $1.00 | ||
| Q4 24 | $0.31 | $1.12 | ||
| Q3 24 | $0.63 | $0.94 | ||
| Q2 24 | $0.62 | $1.65 | ||
| Q1 24 | $0.46 | $0.67 |
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 | $13.0K | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $895.0M | $750.2M |
| 总资产 | $1.7B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AAONRHP
| Q4 25 | $13.0K | $471.4M | ||
| Q3 25 | $1.0M | $483.3M | ||
| Q2 25 | $14.0K | $420.6M | ||
| Q1 25 | $994.0K | $413.9M | ||
| Q4 24 | $14.0K | $477.7M | ||
| Q3 24 | $15.0K | $534.9M | ||
| Q2 24 | $13.0K | $498.4M | ||
| Q1 24 | $8.4M | $465.3M |
股东权益AAONRHP
| Q4 25 | $895.0M | $750.2M | ||
| Q3 25 | $863.1M | $758.5M | ||
| Q2 25 | $832.7M | $800.4M | ||
| Q1 25 | $815.9M | $531.5M | ||
| Q4 24 | $824.6M | $549.0M | ||
| Q3 24 | $796.9M | $551.9M | ||
| Q2 24 | $740.5M | $562.6M | ||
| Q1 24 | $784.8M | $529.9M |
总资产AAONRHP
| Q4 25 | $1.7B | $6.2B | ||
| Q3 25 | $1.5B | $6.2B | ||
| Q2 25 | $1.4B | $6.1B | ||
| Q1 25 | $1.3B | $5.2B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | $1.0B | $5.2B | ||
| Q2 24 | $1.0B | $5.1B | ||
| Q1 24 | $952.9M | $5.1B |
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 | $19.3M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | 0.60× | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流AAONRHP
| Q4 25 | $19.3M | $164.7M | ||
| Q3 25 | $12.3M | $205.2M | ||
| Q2 25 | $-21.8M | $122.5M | ||
| Q1 25 | $-9.2M | $98.2M | ||
| Q4 24 | $845.0K | $166.6M | ||
| Q3 24 | $63.8M | $218.1M | ||
| Q2 24 | $35.5M | $184.3M | ||
| Q1 24 | $92.4M | $7.5M |
自由现金流AAONRHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $-72.0M |
自由现金流率AAONRHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | -13.6% |
资本支出强度AAONRHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.0% |
现金转化率AAONRHP
| Q4 25 | 0.60× | 2.21× | ||
| Q3 25 | 0.40× | 5.88× | ||
| Q2 25 | -1.41× | 1.71× | ||
| Q1 25 | -0.31× | 1.56× | ||
| Q4 24 | 0.03× | 2.30× | ||
| Q3 24 | 1.21× | 3.70× | ||
| Q2 24 | 0.68× | 1.83× | ||
| Q1 24 | 2.37× | 0.17× |
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
AAON
| AAON Oklahoma | $215.5M | 51% |
| Bas X | $106.1M | 25% |
| AAON Coil Products | $102.6M | 24% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
