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Arcosa, Inc.（ACA）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Arcosa, Inc.的1.0倍（$737.8M vs $716.7M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 7.3%，领先2.8%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 7.6%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $55.8M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 9.4%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
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。
ACA vs RHP — 直观对比
营收规模更大
RHP
是对方的1.0倍
$716.7M
营收增速更快
RHP
高出6.3%
7.6%
净利率更高
RHP
高出2.8%
7.3%
自由现金流更多
RHP
多$2.7M
$55.8M
两年增速更快
RHP
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $737.8M |
| 净利润 | $52.1M | $74.5M |
| 毛利率 | 22.9% | 41.4% |
| 营业利润率 | 11.0% | 19.4% |
| 净利率 | 7.3% | 10.1% |
| 营收同比 | 7.6% | 13.9% |
| 净利润同比 | 776.6% | 3.0% |
| 每股收益（稀释后） | $1.06 | $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ACARHP
| Q4 25 | $716.7M | $737.8M | ||
| Q3 25 | $797.8M | $592.5M | ||
| Q2 25 | $736.9M | $659.5M | ||
| Q1 25 | $632.0M | $587.3M | ||
| Q4 24 | $666.2M | $647.6M | ||
| Q3 24 | $640.4M | $550.0M | ||
| Q2 24 | $664.7M | $613.3M | ||
| Q1 24 | $598.6M | $528.3M |
净利润ACARHP
| Q4 25 | $52.1M | $74.5M | ||
| Q3 25 | $73.0M | $34.9M | ||
| Q2 25 | $59.7M | $71.8M | ||
| Q1 25 | $23.6M | $63.0M | ||
| Q4 24 | $-7.7M | $72.3M | ||
| Q3 24 | $16.6M | $59.0M | ||
| Q2 24 | $45.6M | $100.8M | ||
| Q1 24 | $39.2M | $42.8M |
毛利率ACARHP
| Q4 25 | 22.9% | 41.4% | ||
| Q3 25 | 24.1% | 40.9% | ||
| Q2 25 | 22.5% | 49.7% | ||
| Q1 25 | 19.8% | 44.4% | ||
| Q4 24 | 19.3% | 40.4% | ||
| Q3 24 | 21.3% | 43.1% | ||
| Q2 24 | 20.8% | 48.4% | ||
| Q1 24 | 18.6% | 41.5% |
营业利润率ACARHP
| Q4 25 | 11.0% | 19.4% | ||
| Q3 25 | 14.1% | 15.0% | ||
| Q2 25 | 12.9% | 21.1% | ||
| Q1 25 | 8.8% | 19.8% | ||
| Q4 24 | 6.5% | 18.6% | ||
| Q3 24 | 5.3% | 19.3% | ||
| Q2 24 | 10.1% | 27.4% | ||
| Q1 24 | 8.9% | 18.2% |
净利率ACARHP
| Q4 25 | 7.3% | 10.1% | ||
| Q3 25 | 9.2% | 5.9% | ||
| Q2 25 | 8.1% | 10.9% | ||
| Q1 25 | 3.7% | 10.7% | ||
| Q4 24 | -1.2% | 11.2% | ||
| Q3 24 | 2.6% | 10.7% | ||
| Q2 24 | 6.9% | 16.4% | ||
| Q1 24 | 6.5% | 8.1% |
每股收益（稀释后）ACARHP
| Q4 25 | $1.06 | $1.12 | ||
| Q3 25 | $1.48 | $0.53 | ||
| Q2 25 | $1.22 | $1.12 | ||
| Q1 25 | $0.48 | $1.00 | ||
| Q4 24 | $-0.16 | $1.12 | ||
| Q3 24 | $0.34 | $0.94 | ||
| Q2 24 | $0.93 | $1.65 | ||
| Q1 24 | $0.80 | $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 | $214.6M | $471.4M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $2.6B | $750.2M |
| 总资产 | $5.0B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.57× | — |
8季度趋势，按日历期对齐
现金及短期投资ACARHP
| Q4 25 | $214.6M | $471.4M | ||
| Q3 25 | $220.0M | $483.3M | ||
| Q2 25 | $189.7M | $420.6M | ||
| Q1 25 | $167.9M | $413.9M | ||
| Q4 24 | $187.3M | $477.7M | ||
| Q3 24 | $756.8M | $534.9M | ||
| Q2 24 | $103.7M | $498.4M | ||
| Q1 24 | $176.5M | $465.3M |
总债务ACARHP
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $699.9M | — | ||
| Q1 24 | $600.6M | — |
股东权益ACARHP
| Q4 25 | $2.6B | $750.2M | ||
| Q3 25 | $2.6B | $758.5M | ||
| Q2 25 | $2.5B | $800.4M | ||
| Q1 25 | $2.5B | $531.5M | ||
| Q4 24 | $2.4B | $549.0M | ||
| Q3 24 | $2.4B | $551.9M | ||
| Q2 24 | $2.4B | $562.6M | ||
| Q1 24 | $2.4B | $529.9M |
总资产ACARHP
| Q4 25 | $5.0B | $6.2B | ||
| Q3 25 | $5.1B | $6.2B | ||
| Q2 25 | $5.0B | $6.1B | ||
| Q1 25 | $4.9B | $5.2B | ||
| Q4 24 | $4.9B | $5.2B | ||
| Q3 24 | $4.4B | $5.2B | ||
| Q2 24 | $3.8B | $5.1B | ||
| Q1 24 | $3.7B | $5.1B |
负债/权益比ACARHP
| Q4 25 | 0.57× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.69× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.25× | — |
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 | $120.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $58.5M |
| 自由现金流率自由现金流/营收 | 7.8% | 7.9% |
| 资本支出强度资本支出/营收 | 9.0% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.30× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ACARHP
| Q4 25 | $120.0M | $164.7M | ||
| Q3 25 | $160.6M | $205.2M | ||
| Q2 25 | $61.2M | $122.5M | ||
| Q1 25 | $-700.0K | $98.2M | ||
| Q4 24 | $248.2M | $166.6M | ||
| Q3 24 | $135.0M | $218.1M | ||
| Q2 24 | $38.3M | $184.3M | ||
| Q1 24 | $80.5M | $7.5M |
自由现金流ACARHP
| Q4 25 | $55.8M | $58.5M | ||
| Q3 25 | $121.0M | $135.4M | ||
| Q2 25 | $33.4M | $53.0M | ||
| Q1 25 | $-34.7M | $-14.5M | ||
| Q4 24 | $194.9M | $76.0M | ||
| Q3 24 | $100.6M | $85.7M | ||
| Q2 24 | $-9.3M | $78.8M | ||
| Q1 24 | $26.1M | $-72.0M |
自由现金流率ACARHP
| Q4 25 | 7.8% | 7.9% | ||
| Q3 25 | 15.2% | 22.9% | ||
| Q2 25 | 4.5% | 8.0% | ||
| Q1 25 | -5.5% | -2.5% | ||
| Q4 24 | 29.3% | 11.7% | ||
| Q3 24 | 15.7% | 15.6% | ||
| Q2 24 | -1.4% | 12.9% | ||
| Q1 24 | 4.4% | -13.6% |
资本支出强度ACARHP
| Q4 25 | 9.0% | 14.4% | ||
| Q3 25 | 5.0% | 11.8% | ||
| Q2 25 | 3.8% | 10.5% | ||
| Q1 25 | 5.4% | 19.2% | ||
| Q4 24 | 8.0% | 14.0% | ||
| Q3 24 | 5.4% | 24.1% | ||
| Q2 24 | 7.2% | 17.2% | ||
| Q1 24 | 9.1% | 15.0% |
现金转化率ACARHP
| Q4 25 | 2.30× | 2.21× | ||
| Q3 25 | 2.20× | 5.88× | ||
| Q2 25 | 1.03× | 1.71× | ||
| Q1 25 | -0.03× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 8.13× | 3.70× | ||
| Q2 24 | 0.84× | 1.83× | ||
| Q1 24 | 2.05× | 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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
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% |
