vs
A.O.史密斯（AOS）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
A.O.史密斯的季度营收约是Ryman Hospitality Properties, Inc.的1.3倍（$945.6M vs $737.8M），A.O.史密斯净利率更高（12.5% vs 10.1%，领先2.4%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -2.0%），A.O.史密斯自由现金流更多（$118.9M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -3.9%）
A.O.史密斯是美国知名的家用及商用热水器、锅炉生产商，也是北美规模最大的热水器制造销售商，在亚洲市场还供应水处理和净化产品。公司在全球共有27个站点，包括北美5座生产基地，以及位于印度班加罗尔、中国南京、荷兰费尔德霍芬的工厂。
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。
AOS vs RHP — 直观对比
营收规模更大
AOS
是对方的1.3倍
$737.8M
营收增速更快
RHP
高出15.9%
-2.0%
净利率更高
AOS
高出2.4%
10.1%
自由现金流更多
AOS
多$60.4M
$58.5M
两年增速更快
RHP
近两年复合增速
-3.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $945.6M | $737.8M |
| 净利润 | $118.0M | $74.5M |
| 毛利率 | 38.7% | 41.4% |
| 营业利润率 | — | 19.4% |
| 净利率 | 12.5% | 10.1% |
| 营收同比 | -2.0% | 13.9% |
| 净利润同比 | -14.0% | 3.0% |
| 每股收益（稀释后） | $0.85 | $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AOSRHP
| Q1 26 | $945.6M | — | ||
| Q4 25 | $912.5M | $737.8M | ||
| Q3 25 | $942.5M | $592.5M | ||
| Q2 25 | $1.0B | $659.5M | ||
| Q1 25 | $963.9M | $587.3M | ||
| Q4 24 | $912.4M | $647.6M | ||
| Q3 24 | $902.6M | $550.0M | ||
| Q2 24 | $1.0B | $613.3M |
净利润AOSRHP
| Q1 26 | $118.0M | — | ||
| Q4 25 | $125.4M | $74.5M | ||
| Q3 25 | $132.0M | $34.9M | ||
| Q2 25 | $152.2M | $71.8M | ||
| Q1 25 | $136.6M | $63.0M | ||
| Q4 24 | $109.7M | $72.3M | ||
| Q3 24 | $120.1M | $59.0M | ||
| Q2 24 | $156.2M | $100.8M |
毛利率AOSRHP
| Q1 26 | 38.7% | — | ||
| Q4 25 | 38.4% | 41.4% | ||
| Q3 25 | 38.7% | 40.9% | ||
| Q2 25 | 39.3% | 49.7% | ||
| Q1 25 | 38.9% | 44.4% | ||
| Q4 24 | 37.1% | 40.4% | ||
| Q3 24 | 37.4% | 43.1% | ||
| Q2 24 | 38.7% | 48.4% |
营业利润率AOSRHP
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 19.4% | ||
| Q3 25 | 18.6% | 15.0% | ||
| Q2 25 | 20.4% | 21.1% | ||
| Q1 25 | 19.1% | 19.8% | ||
| Q4 24 | 10.1% | 18.6% | ||
| Q3 24 | 19.5% | 19.3% | ||
| Q2 24 | 21.9% | 27.4% |
净利率AOSRHP
| Q1 26 | 12.5% | — | ||
| Q4 25 | 13.7% | 10.1% | ||
| Q3 25 | 14.0% | 5.9% | ||
| Q2 25 | 15.0% | 10.9% | ||
| Q1 25 | 14.2% | 10.7% | ||
| Q4 24 | 12.0% | 11.2% | ||
| Q3 24 | 13.3% | 10.7% | ||
| Q2 24 | 15.2% | 16.4% |
每股收益（稀释后）AOSRHP
| Q1 26 | $0.85 | — | ||
| Q4 25 | $0.89 | $1.12 | ||
| Q3 25 | $0.94 | $0.53 | ||
| Q2 25 | $1.07 | $1.12 | ||
| Q1 25 | $0.95 | $1.00 | ||
| Q4 24 | $0.75 | $1.12 | ||
| Q3 24 | $0.82 | $0.94 | ||
| Q2 24 | $1.06 | $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 | $185.2M | $471.4M |
| 总债务越低越好 | $574.2M | — |
| 股东权益账面价值 | $1.9B | $750.2M |
| 总资产 | $3.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资AOSRHP
| Q1 26 | $185.2M | — | ||
| Q4 25 | $193.2M | $471.4M | ||
| Q3 25 | $172.8M | $483.3M | ||
| Q2 25 | $177.9M | $420.6M | ||
| Q1 25 | $200.2M | $413.9M | ||
| Q4 24 | $276.1M | $477.7M | ||
| Q3 24 | $255.6M | $534.9M | ||
| Q2 24 | $233.3M | $498.4M |
总债务AOSRHP
| Q1 26 | $574.2M | — | ||
| Q4 25 | $155.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $193.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AOSRHP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $750.2M | ||
| Q3 25 | $1.8B | $758.5M | ||
| Q2 25 | $1.8B | $800.4M | ||
| Q1 25 | $1.9B | $531.5M | ||
| Q4 24 | $1.9B | $549.0M | ||
| Q3 24 | $1.9B | $551.9M | ||
| Q2 24 | $1.9B | $562.6M |
总资产AOSRHP
| Q1 26 | $3.7B | — | ||
| Q4 25 | $3.1B | $6.2B | ||
| Q3 25 | $3.2B | $6.2B | ||
| Q2 25 | $3.2B | $6.1B | ||
| Q1 25 | $3.3B | $5.2B | ||
| Q4 24 | $3.2B | $5.2B | ||
| Q3 24 | $3.2B | $5.2B | ||
| Q2 24 | $3.2B | $5.1B |
负债/权益比AOSRHP
| Q1 26 | 0.31× | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $118.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 12.6% | 7.9% |
| 资本支出强度资本支出/营收 | 1.1% | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | $647.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流AOSRHP
| Q1 26 | — | — | ||
| Q4 25 | $183.1M | $164.7M | ||
| Q3 25 | $255.4M | $205.2M | ||
| Q2 25 | $139.6M | $122.5M | ||
| Q1 25 | $38.7M | $98.2M | ||
| Q4 24 | $221.9M | $166.6M | ||
| Q3 24 | $195.9M | $218.1M | ||
| Q2 24 | $57.4M | $184.3M |
自由现金流AOSRHP
| Q1 26 | $118.9M | — | ||
| Q4 25 | $165.5M | $58.5M | ||
| Q3 25 | $240.6M | $135.4M | ||
| Q2 25 | $122.5M | $53.0M | ||
| Q1 25 | $17.4M | $-14.5M | ||
| Q4 24 | $191.3M | $76.0M | ||
| Q3 24 | $163.4M | $85.7M | ||
| Q2 24 | $34.5M | $78.8M |
自由现金流率AOSRHP
| Q1 26 | 12.6% | — | ||
| Q4 25 | 18.1% | 7.9% | ||
| Q3 25 | 25.5% | 22.9% | ||
| Q2 25 | 12.1% | 8.0% | ||
| Q1 25 | 1.8% | -2.5% | ||
| Q4 24 | 21.0% | 11.7% | ||
| Q3 24 | 18.1% | 15.6% | ||
| Q2 24 | 3.4% | 12.9% |
资本支出强度AOSRHP
| Q1 26 | 1.1% | — | ||
| Q4 25 | 1.9% | 14.4% | ||
| Q3 25 | 1.6% | 11.8% | ||
| Q2 25 | 1.7% | 10.5% | ||
| Q1 25 | 2.2% | 19.2% | ||
| Q4 24 | 3.4% | 14.0% | ||
| Q3 24 | 3.6% | 24.1% | ||
| Q2 24 | 2.2% | 17.2% |
现金转化率AOSRHP
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 2.21× | ||
| Q3 25 | 1.93× | 5.88× | ||
| Q2 25 | 0.92× | 1.71× | ||
| Q1 25 | 0.28× | 1.56× | ||
| Q4 24 | 2.02× | 2.30× | ||
| Q3 24 | 1.63× | 3.70× | ||
| Q2 24 | 0.37× | 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
AOS
暂无分部数据
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% |
