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奥尼兰姆制药（ALNY）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
奥尼兰姆制药的季度营收约是Ryman Hospitality Properties, Inc.的1.5倍（$1.1B vs $737.8M），奥尼兰姆制药净利率更高（17.0% vs 10.1%，领先6.9%），奥尼兰姆制药同比增速更快（84.9% vs 13.9%），奥尼兰姆制药自由现金流更多（$140.3M vs $58.5M），过去两年奥尼兰姆制药的营收复合增速更高（49.0% vs 18.2%）
奥尼兰姆制药是美国生物制药企业，2002年成立，总部位于马萨诸塞州剑桥市，专注于研发及商业化针对基因明确疾病的RNA干扰（RNAi）疗法，2016年入选福布斯「100家最具创新力成长企业」榜单。
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。
ALNY vs RHP — 直观对比
营收规模更大
ALNY
是对方的1.5倍
$737.8M
营收增速更快
ALNY
高出71.0%
13.9%
净利率更高
ALNY
高出6.9%
10.1%
自由现金流更多
ALNY
多$81.7M
$58.5M
两年增速更快
ALNY
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $737.8M |
| 净利润 | $186.4M | $74.5M |
| 毛利率 | 75.6% | 41.4% |
| 营业利润率 | 12.0% | 19.4% |
| 净利率 | 17.0% | 10.1% |
| 营收同比 | 84.9% | 13.9% |
| 净利润同比 | 322.6% | 3.0% |
| 每股收益（稀释后） | $1.44 | $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ALNYRHP
| Q4 25 | $1.1B | $737.8M | ||
| Q3 25 | $1.2B | $592.5M | ||
| Q2 25 | $773.7M | $659.5M | ||
| Q1 25 | $594.2M | $587.3M | ||
| Q4 24 | $593.2M | $647.6M | ||
| Q3 24 | $500.9M | $550.0M | ||
| Q2 24 | $659.8M | $613.3M | ||
| Q1 24 | $494.3M | $528.3M |
净利润ALNYRHP
| Q4 25 | $186.4M | $74.5M | ||
| Q3 25 | $251.1M | $34.9M | ||
| Q2 25 | $-66.3M | $71.8M | ||
| Q1 25 | $-57.5M | $63.0M | ||
| Q4 24 | $-83.8M | $72.3M | ||
| Q3 24 | $-111.6M | $59.0M | ||
| Q2 24 | $-16.9M | $100.8M | ||
| Q1 24 | $-65.9M | $42.8M |
毛利率ALNYRHP
| Q4 25 | 75.6% | 41.4% | ||
| Q3 25 | 84.2% | 40.9% | ||
| Q2 25 | 81.6% | 49.7% | ||
| Q1 25 | 88.2% | 44.4% | ||
| Q4 24 | 82.7% | 40.4% | ||
| Q3 24 | 83.6% | 43.1% | ||
| Q2 24 | 89.8% | 48.4% | ||
| Q1 24 | 89.0% | 41.5% |
营业利润率ALNYRHP
| Q4 25 | 12.0% | 19.4% | ||
| Q3 25 | 29.5% | 15.0% | ||
| Q2 25 | -2.1% | 21.1% | ||
| Q1 25 | 3.0% | 19.8% | ||
| Q4 24 | -17.7% | 18.6% | ||
| Q3 24 | -15.4% | 19.3% | ||
| Q2 24 | 7.4% | 27.4% | ||
| Q1 24 | -8.8% | 18.2% |
净利率ALNYRHP
| Q4 25 | 17.0% | 10.1% | ||
| Q3 25 | 20.1% | 5.9% | ||
| Q2 25 | -8.6% | 10.9% | ||
| Q1 25 | -9.7% | 10.7% | ||
| Q4 24 | -14.1% | 11.2% | ||
| Q3 24 | -22.3% | 10.7% | ||
| Q2 24 | -2.6% | 16.4% | ||
| Q1 24 | -13.3% | 8.1% |
每股收益（稀释后）ALNYRHP
| Q4 25 | $1.44 | $1.12 | ||
| Q3 25 | $1.84 | $0.53 | ||
| Q2 25 | $-0.51 | $1.12 | ||
| Q1 25 | $-0.44 | $1.00 | ||
| Q4 24 | $-0.66 | $1.12 | ||
| Q3 24 | $-0.87 | $0.94 | ||
| Q2 24 | $-0.13 | $1.65 | ||
| Q1 24 | $-0.52 | $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 | $1.7B | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $789.2M | $750.2M |
| 总资产 | $5.0B | $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ALNYRHP
| Q4 25 | $1.7B | $471.4M | ||
| Q3 25 | $1.5B | $483.3M | ||
| Q2 25 | $1.1B | $420.6M | ||
| Q1 25 | $1.0B | $413.9M | ||
| Q4 24 | $966.4M | $477.7M | ||
| Q3 24 | $1.1B | $534.9M | ||
| Q2 24 | $968.5M | $498.4M | ||
| Q1 24 | $681.9M | $465.3M |
股东权益ALNYRHP
| Q4 25 | $789.2M | $750.2M | ||
| Q3 25 | $233.9M | $758.5M | ||
| Q2 25 | $250.6M | $800.4M | ||
| Q1 25 | $115.4M | $531.5M | ||
| Q4 24 | $67.1M | $549.0M | ||
| Q3 24 | $32.4M | $551.9M | ||
| Q2 24 | $-3.1M | $562.6M | ||
| Q1 24 | $-219.3M | $529.9M |
总资产ALNYRHP
| Q4 25 | $5.0B | $6.2B | ||
| Q3 25 | $4.9B | $6.2B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | $4.2B | $5.2B | ||
| Q4 24 | $4.2B | $5.2B | ||
| Q3 24 | $4.2B | $5.2B | ||
| Q2 24 | $4.0B | $5.1B | ||
| Q1 24 | $3.8B | $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 | $163.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $140.3M | $58.5M |
| 自由现金流率自由现金流/营收 | 12.8% | 7.9% |
| 资本支出强度资本支出/营收 | 2.1% | 14.4% |
| 现金转化率经营现金流/净利润 | 0.88× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $465.4M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ALNYRHP
| Q4 25 | $163.6M | $164.7M | ||
| Q3 25 | $325.1M | $205.2M | ||
| Q2 25 | $153.7M | $122.5M | ||
| Q1 25 | $-118.3M | $98.2M | ||
| Q4 24 | $-94.7M | $166.6M | ||
| Q3 24 | $43.7M | $218.1M | ||
| Q2 24 | $124.2M | $184.3M | ||
| Q1 24 | $-81.5M | $7.5M |
自由现金流ALNYRHP
| Q4 25 | $140.3M | $58.5M | ||
| Q3 25 | $313.0M | $135.4M | ||
| Q2 25 | $139.4M | $53.0M | ||
| Q1 25 | $-127.3M | $-14.5M | ||
| Q4 24 | $-103.8M | $76.0M | ||
| Q3 24 | $39.5M | $85.7M | ||
| Q2 24 | $116.1M | $78.8M | ||
| Q1 24 | $-94.5M | $-72.0M |
自由现金流率ALNYRHP
| Q4 25 | 12.8% | 7.9% | ||
| Q3 25 | 25.1% | 22.9% | ||
| Q2 25 | 18.0% | 8.0% | ||
| Q1 25 | -21.4% | -2.5% | ||
| Q4 24 | -17.5% | 11.7% | ||
| Q3 24 | 7.9% | 15.6% | ||
| Q2 24 | 17.6% | 12.9% | ||
| Q1 24 | -19.1% | -13.6% |
资本支出强度ALNYRHP
| Q4 25 | 2.1% | 14.4% | ||
| Q3 25 | 1.0% | 11.8% | ||
| Q2 25 | 1.8% | 10.5% | ||
| Q1 25 | 1.5% | 19.2% | ||
| Q4 24 | 1.5% | 14.0% | ||
| Q3 24 | 0.8% | 24.1% | ||
| Q2 24 | 1.2% | 17.2% | ||
| Q1 24 | 2.6% | 15.0% |
现金转化率ALNYRHP
| Q4 25 | 0.88× | 2.21× | ||
| Q3 25 | 1.29× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | 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
ALNY
| TTR | $858.3M | 78% |
| Rare | $136.4M | 12% |
| GIVLAARI | $56.3M | 5% |
| Collaborative Arrangement | $40.9M | 4% |
| ONPATTRO | $12.0M | 1% |
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% |
