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AMC ENTERTAINMENT HOLDINGS, INC.（AMC）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
AMC ENTERTAINMENT HOLDINGS, INC.的季度营收约是Ryman Hospitality Properties, Inc.的1.9倍（$1.3B vs $664.6M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs -9.9%，领先20.3%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs -1.4%），过去两年AMC ENTERTAINMENT HOLDINGS, INC.的营收复合增速更高（16.4% vs 4.1%）
AMC娱乐控股是总部位于美国堪萨斯州利伍德的连锁影院集团，1920年创立于密苏里州堪萨斯城，是全球规模最大的影院运营商，目前在全球共运营约860家影院、总计超过9600块银幕，业务覆盖美国与欧洲多地。
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。
AMC vs RHP — 直观对比
营收规模更大
AMC
是对方的1.9倍
$664.6M
营收增速更快
RHP
高出14.5%
-1.4%
净利率更高
RHP
高出20.3%
-9.9%
两年增速更快
AMC
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $664.6M |
| 净利润 | $-127.4M | $69.4M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 20.7% |
| 净利率 | -9.9% | 10.4% |
| 营收同比 | -1.4% | 13.2% |
| 净利润同比 | 6.0% | 10.1% |
| 每股收益（稀释后） | $-0.28 | $1.03 |
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AMCRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $1.3B | $737.8M | ||
| Q3 25 | $1.3B | $592.5M | ||
| Q2 25 | $1.4B | $659.5M | ||
| Q1 25 | $862.5M | $587.3M | ||
| Q4 24 | $1.3B | $647.6M | ||
| Q3 24 | $1.3B | $550.0M | ||
| Q2 24 | $1.0B | $613.3M |
净利润AMCRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $-127.4M | $74.5M | ||
| Q3 25 | $-298.2M | $34.9M | ||
| Q2 25 | $-4.7M | $71.8M | ||
| Q1 25 | $-202.1M | $63.0M | ||
| Q4 24 | $-135.6M | $72.3M | ||
| Q3 24 | $-20.7M | $59.0M | ||
| Q2 24 | $-32.8M | $100.8M |
毛利率AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% |
营业利润率AMCRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 0.0% | 19.4% | ||
| Q3 25 | 2.8% | 15.0% | ||
| Q2 25 | 6.6% | 21.1% | ||
| Q1 25 | -16.9% | 19.8% | ||
| Q4 24 | 0.4% | 18.6% | ||
| Q3 24 | 5.3% | 19.3% | ||
| Q2 24 | -4.6% | 27.4% |
净利率AMCRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | -9.9% | 10.1% | ||
| Q3 25 | -22.9% | 5.9% | ||
| Q2 25 | -0.3% | 10.9% | ||
| Q1 25 | -23.4% | 10.7% | ||
| Q4 24 | -10.4% | 11.2% | ||
| Q3 24 | -1.5% | 10.7% | ||
| Q2 24 | -3.2% | 16.4% |
每股收益（稀释后）AMCRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $-0.28 | $1.12 | ||
| Q3 25 | $-0.58 | $0.53 | ||
| Q2 25 | $-0.01 | $1.12 | ||
| Q1 25 | $-0.47 | $1.00 | ||
| Q4 24 | $-0.28 | $1.12 | ||
| Q3 24 | $-0.06 | $0.94 | ||
| Q2 24 | $-0.10 | $1.65 |
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 | $428.5M | — |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $-1.9B | $770.8M |
| 总资产 | $8.0B | $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AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | $428.5M | $471.4M | ||
| Q3 25 | $365.8M | $483.3M | ||
| Q2 25 | $423.7M | $420.6M | ||
| Q1 25 | $378.7M | $413.9M | ||
| Q4 24 | $632.3M | $477.7M | ||
| Q3 24 | $527.4M | $534.9M | ||
| Q2 24 | $770.3M | $498.4M |
总债务AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.3B | — |
股东权益AMCRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $-1.9B | $750.2M | ||
| Q3 25 | $-1.8B | $758.5M | ||
| Q2 25 | $-1.7B | $800.4M | ||
| Q1 25 | $-1.7B | $531.5M | ||
| Q4 24 | $-1.8B | $549.0M | ||
| Q3 24 | $-1.7B | $551.9M | ||
| Q2 24 | $-1.7B | $562.6M |
总资产AMCRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $8.0B | $6.2B | ||
| Q3 25 | $8.0B | $6.2B | ||
| Q2 25 | $8.2B | $6.1B | ||
| Q1 25 | $8.1B | $5.2B | ||
| Q4 24 | $8.2B | $5.2B | ||
| Q3 24 | $8.3B | $5.2B | ||
| Q2 24 | $8.6B | $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 | $126.7M | — |
| 自由现金流经营现金流 - 资本支出 | $43.3M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 6.5% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-365.9M | — |
8季度趋势，按日历期对齐
经营现金流AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | $126.7M | $164.7M | ||
| Q3 25 | $-14.9M | $205.2M | ||
| Q2 25 | $138.4M | $122.5M | ||
| Q1 25 | $-370.0M | $98.2M | ||
| Q4 24 | $203.6M | $166.6M | ||
| Q3 24 | $-31.5M | $218.1M | ||
| Q2 24 | $-34.6M | $184.3M |
自由现金流AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | $43.3M | $58.5M | ||
| Q3 25 | $-81.1M | $135.4M | ||
| Q2 25 | $88.9M | $53.0M | ||
| Q1 25 | $-417.0M | $-14.5M | ||
| Q4 24 | $113.9M | $76.0M | ||
| Q3 24 | $-92.2M | $85.7M | ||
| Q2 24 | $-79.2M | $78.8M |
自由现金流率AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 7.9% | ||
| Q3 25 | -6.2% | 22.9% | ||
| Q2 25 | 6.4% | 8.0% | ||
| Q1 25 | -48.3% | -2.5% | ||
| Q4 24 | 8.7% | 11.7% | ||
| Q3 24 | -6.8% | 15.6% | ||
| Q2 24 | -7.7% | 12.9% |
资本支出强度AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 14.4% | ||
| Q3 25 | 5.1% | 11.8% | ||
| Q2 25 | 3.5% | 10.5% | ||
| Q1 25 | 5.4% | 19.2% | ||
| Q4 24 | 6.9% | 14.0% | ||
| Q3 24 | 4.5% | 24.1% | ||
| Q2 24 | 4.3% | 17.2% |
现金转化率AMCRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 1.83× |
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
AMC
| Admission | $701.6M | 54% |
| Food And Beverage | $436.5M | 34% |
| Other | $106.2M | 8% |
| Advertising | $44.0M | 3% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
