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爱齐科技（ALGN）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
爱齐科技的季度营收约是Ryman Hospitality Properties, Inc.的1.4倍（$1.0B vs $737.8M），爱齐科技净利率更高（13.0% vs 10.1%，领先2.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 5.3%），爱齐科技自由现金流更多（$187.3M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 2.5%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
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。
ALGN vs RHP — 直观对比
营收规模更大
ALGN
是对方的1.4倍
$737.8M
营收增速更快
RHP
高出8.7%
5.3%
净利率更高
ALGN
高出2.9%
10.1%
自由现金流更多
ALGN
多$128.7M
$58.5M
两年增速更快
RHP
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $737.8M |
| 净利润 | $135.8M | $74.5M |
| 毛利率 | 65.3% | 41.4% |
| 营业利润率 | 14.8% | 19.4% |
| 净利率 | 13.0% | 10.1% |
| 营收同比 | 5.3% | 13.9% |
| 净利润同比 | 30.8% | 3.0% |
| 每股收益（稀释后） | $1.88 | $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ALGNRHP
| Q4 25 | $1.0B | $737.8M | ||
| Q3 25 | $995.7M | $592.5M | ||
| Q2 25 | $1.0B | $659.5M | ||
| Q1 25 | $979.3M | $587.3M | ||
| Q4 24 | $995.2M | $647.6M | ||
| Q3 24 | $977.9M | $550.0M | ||
| Q2 24 | $1.0B | $613.3M | ||
| Q1 24 | $997.4M | $528.3M |
净利润ALGNRHP
| Q4 25 | $135.8M | $74.5M | ||
| Q3 25 | $56.8M | $34.9M | ||
| Q2 25 | $124.6M | $71.8M | ||
| Q1 25 | $93.2M | $63.0M | ||
| Q4 24 | $103.8M | $72.3M | ||
| Q3 24 | $116.0M | $59.0M | ||
| Q2 24 | $96.6M | $100.8M | ||
| Q1 24 | $105.0M | $42.8M |
毛利率ALGNRHP
| Q4 25 | 65.3% | 41.4% | ||
| Q3 25 | 64.2% | 40.9% | ||
| Q2 25 | 69.9% | 49.7% | ||
| Q1 25 | 69.5% | 44.4% | ||
| Q4 24 | 70.0% | 40.4% | ||
| Q3 24 | 69.7% | 43.1% | ||
| Q2 24 | 70.3% | 48.4% | ||
| Q1 24 | 70.0% | 41.5% |
营业利润率ALGNRHP
| Q4 25 | 14.8% | 19.4% | ||
| Q3 25 | 9.7% | 15.0% | ||
| Q2 25 | 16.1% | 21.1% | ||
| Q1 25 | 13.4% | 19.8% | ||
| Q4 24 | 14.5% | 18.6% | ||
| Q3 24 | 16.6% | 19.3% | ||
| Q2 24 | 14.3% | 27.4% | ||
| Q1 24 | 15.5% | 18.2% |
净利率ALGNRHP
| Q4 25 | 13.0% | 10.1% | ||
| Q3 25 | 5.7% | 5.9% | ||
| Q2 25 | 12.3% | 10.9% | ||
| Q1 25 | 9.5% | 10.7% | ||
| Q4 24 | 10.4% | 11.2% | ||
| Q3 24 | 11.9% | 10.7% | ||
| Q2 24 | 9.4% | 16.4% | ||
| Q1 24 | 10.5% | 8.1% |
每股收益（稀释后）ALGNRHP
| Q4 25 | $1.88 | $1.12 | ||
| Q3 25 | $0.78 | $0.53 | ||
| Q2 25 | $1.72 | $1.12 | ||
| Q1 25 | $1.27 | $1.00 | ||
| Q4 24 | $1.40 | $1.12 | ||
| Q3 24 | $1.55 | $0.94 | ||
| Q2 24 | $1.28 | $1.65 | ||
| Q1 24 | $1.39 | $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 | $1.1B | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $750.2M |
| 总资产 | $6.2B | $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ALGNRHP
| Q4 25 | $1.1B | $471.4M | ||
| Q3 25 | $1.0B | $483.3M | ||
| Q2 25 | $901.2M | $420.6M | ||
| Q1 25 | $873.0M | $413.9M | ||
| Q4 24 | $1.0B | $477.7M | ||
| Q3 24 | $1.0B | $534.9M | ||
| Q2 24 | $761.4M | $498.4M | ||
| Q1 24 | $865.8M | $465.3M |
股东权益ALGNRHP
| Q4 25 | $4.0B | $750.2M | ||
| Q3 25 | $4.0B | $758.5M | ||
| Q2 25 | $3.9B | $800.4M | ||
| Q1 25 | $3.8B | $531.5M | ||
| Q4 24 | $3.9B | $549.0M | ||
| Q3 24 | $3.9B | $551.9M | ||
| Q2 24 | $3.8B | $562.6M | ||
| Q1 24 | $3.8B | $529.9M |
总资产ALGNRHP
| Q4 25 | $6.2B | $6.2B | ||
| Q3 25 | $6.2B | $6.2B | ||
| Q2 25 | $6.2B | $6.1B | ||
| Q1 25 | $6.1B | $5.2B | ||
| Q4 24 | $6.2B | $5.2B | ||
| Q3 24 | $6.4B | $5.2B | ||
| Q2 24 | $6.2B | $5.1B | ||
| Q1 24 | $6.2B | $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 | $223.2M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $187.3M | $58.5M |
| 自由现金流率自由现金流/营收 | 17.9% | 7.9% |
| 资本支出强度资本支出/营收 | 3.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.64× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $490.8M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ALGNRHP
| Q4 25 | $223.2M | $164.7M | ||
| Q3 25 | $188.7M | $205.2M | ||
| Q2 25 | $128.7M | $122.5M | ||
| Q1 25 | $52.7M | $98.2M | ||
| Q4 24 | $286.1M | $166.6M | ||
| Q3 24 | $263.7M | $218.1M | ||
| Q2 24 | $159.8M | $184.3M | ||
| Q1 24 | $28.7M | $7.5M |
自由现金流ALGNRHP
| Q4 25 | $187.3M | $58.5M | ||
| Q3 25 | $169.0M | $135.4M | ||
| Q2 25 | $107.2M | $53.0M | ||
| Q1 25 | $27.4M | $-14.5M | ||
| Q4 24 | $263.1M | $76.0M | ||
| Q3 24 | $233.9M | $85.7M | ||
| Q2 24 | $106.4M | $78.8M | ||
| Q1 24 | $19.3M | $-72.0M |
自由现金流率ALGNRHP
| Q4 25 | 17.9% | 7.9% | ||
| Q3 25 | 17.0% | 22.9% | ||
| Q2 25 | 10.6% | 8.0% | ||
| Q1 25 | 2.8% | -2.5% | ||
| Q4 24 | 26.4% | 11.7% | ||
| Q3 24 | 23.9% | 15.6% | ||
| Q2 24 | 10.3% | 12.9% | ||
| Q1 24 | 1.9% | -13.6% |
资本支出强度ALGNRHP
| Q4 25 | 3.4% | 14.4% | ||
| Q3 25 | 2.0% | 11.8% | ||
| Q2 25 | 2.1% | 10.5% | ||
| Q1 25 | 2.6% | 19.2% | ||
| Q4 24 | 2.3% | 14.0% | ||
| Q3 24 | 3.0% | 24.1% | ||
| Q2 24 | 5.2% | 17.2% | ||
| Q1 24 | 0.9% | 15.0% |
现金转化率ALGNRHP
| Q4 25 | 1.64× | 2.21× | ||
| Q3 25 | 3.33× | 5.88× | ||
| Q2 25 | 1.03× | 1.71× | ||
| Q1 25 | 0.57× | 1.56× | ||
| Q4 24 | 2.76× | 2.30× | ||
| Q3 24 | 2.27× | 3.70× | ||
| Q2 24 | 1.66× | 1.83× | ||
| Q1 24 | 0.27× | 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
ALGN
| Systems And Services | $789.6M | 75% |
| Other | $258.0M | 25% |
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% |
