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Apple Hospitality REIT, Inc.（APLE）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
Apple Hospitality REIT, Inc.的季度营收约是南玻集团的1.0倍（$326.4M vs $323.1M），Apple Hospitality REIT, Inc.净利率更高（9.1% vs 2.2%，领先6.9%），南玻集团同比增速更快（2.0% vs -2.0%），Apple Hospitality REIT, Inc.自由现金流更多（$282.0M vs $55.8M），过去两年南玻集团的营收复合增速更高（4.6% vs -0.5%）
莱曼 hospitality properties是一家深耕酒店、度假村、娱乐及媒体领域的企业，得名于旗下核心资产——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作为爱德华·盖洛德旗下俄克拉荷马出版公司子公司的时期，1983年收购WSM公司后，拿下大奥普里等知名IP，奠定了如今的业务发展基础。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
APLE vs CSGS — 直观对比
营收规模更大
APLE
是对方的1.0倍
$323.1M
营收增速更快
CSGS
高出4.0%
-2.0%
净利率更高
APLE
高出6.9%
2.2%
自由现金流更多
APLE
多$226.2M
$55.8M
两年增速更快
CSGS
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $323.1M |
| 净利润 | $29.6M | $7.0M |
| 毛利率 | 37.2% | 50.0% |
| 营业利润率 | 15.2% | 9.0% |
| 净利率 | 9.1% | 2.2% |
| 营收同比 | -2.0% | 2.0% |
| 净利润同比 | -0.7% | -79.7% |
| 每股收益（稀释后） | $0.13 | $0.24 |
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APLECSGS
| Q4 25 | $326.4M | $323.1M | ||
| Q3 25 | $373.9M | $303.6M | ||
| Q2 25 | $384.4M | $297.1M | ||
| Q1 25 | $327.7M | $299.5M | ||
| Q4 24 | $333.0M | $316.7M | ||
| Q3 24 | $378.8M | $295.1M | ||
| Q2 24 | $390.1M | $290.3M | ||
| Q1 24 | $329.5M | $295.1M |
净利润APLECSGS
| Q4 25 | $29.6M | $7.0M | ||
| Q3 25 | $50.9M | $20.5M | ||
| Q2 25 | $63.6M | $12.3M | ||
| Q1 25 | $31.2M | $16.1M | ||
| Q4 24 | $29.8M | $34.5M | ||
| Q3 24 | $56.3M | $19.1M | ||
| Q2 24 | $73.9M | $13.8M | ||
| Q1 24 | $54.0M | $19.5M |
毛利率APLECSGS
| Q4 25 | 37.2% | 50.0% | ||
| Q3 25 | 40.6% | 48.1% | ||
| Q2 25 | 42.6% | 49.5% | ||
| Q1 25 | 39.0% | 48.4% | ||
| Q4 24 | 38.6% | 51.3% | ||
| Q3 24 | 41.9% | 49.4% | ||
| Q2 24 | 44.6% | 47.3% | ||
| Q1 24 | 40.1% | 46.5% |
营业利润率APLECSGS
| Q4 25 | 15.2% | 9.0% | ||
| Q3 25 | 19.4% | 10.0% | ||
| Q2 25 | 22.1% | 10.0% | ||
| Q1 25 | 15.5% | 9.8% | ||
| Q4 24 | 15.0% | 13.4% | ||
| Q3 24 | 20.5% | 10.8% | ||
| Q2 24 | 24.0% | 8.8% | ||
| Q1 24 | 21.7% | 10.8% |
净利率APLECSGS
| Q4 25 | 9.1% | 2.2% | ||
| Q3 25 | 13.6% | 6.7% | ||
| Q2 25 | 16.6% | 4.1% | ||
| Q1 25 | 9.5% | 5.4% | ||
| Q4 24 | 9.0% | 10.9% | ||
| Q3 24 | 14.9% | 6.5% | ||
| Q2 24 | 19.0% | 4.8% | ||
| Q1 24 | 16.4% | 6.6% |
每股收益（稀释后）APLECSGS
| Q4 25 | $0.13 | $0.24 | ||
| Q3 25 | $0.21 | $0.73 | ||
| Q2 25 | $0.27 | $0.44 | ||
| Q1 25 | $0.13 | $0.57 | ||
| Q4 24 | $0.13 | $1.20 | ||
| Q3 24 | $0.23 | $0.67 | ||
| Q2 24 | $0.31 | $0.48 | ||
| Q1 24 | $0.22 | $0.68 |
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 | $8.5M | $180.0M |
| 总债务越低越好 | $1.5B | $539.5M |
| 股东权益账面价值 | $3.1B | $283.7M |
| 总资产 | $4.9B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.49× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资APLECSGS
| Q4 25 | $8.5M | $180.0M | ||
| Q3 25 | $50.3M | $158.4M | ||
| Q2 25 | $7.9M | $145.9M | ||
| Q1 25 | $14.9M | $136.0M | ||
| Q4 24 | $10.3M | $161.8M | ||
| Q3 24 | $6.1M | $118.4M | ||
| Q2 24 | $7.2M | $110.4M | ||
| Q1 24 | $4.9M | $120.8M |
总债务APLECSGS
| Q4 25 | $1.5B | $539.5M | ||
| Q3 25 | $1.5B | $538.6M | ||
| Q2 25 | $1.5B | $537.8M | ||
| Q1 25 | $1.5B | $537.6M | ||
| Q4 24 | $1.5B | $538.5M | ||
| Q3 24 | $1.5B | $539.5M | ||
| Q2 24 | $1.5B | $540.5M | ||
| Q1 24 | $1.5B | $541.5M |
股东权益APLECSGS
| Q4 25 | $3.1B | $283.7M | ||
| Q3 25 | $3.2B | $289.5M | ||
| Q2 25 | $3.2B | $290.7M | ||
| Q1 25 | $3.2B | $283.1M | ||
| Q4 24 | $3.3B | $282.6M | ||
| Q3 24 | $3.3B | $288.4M | ||
| Q2 24 | $3.3B | $273.3M | ||
| Q1 24 | $3.3B | $269.3M |
总资产APLECSGS
| Q4 25 | $4.9B | $1.5B | ||
| Q3 25 | $4.9B | $1.5B | ||
| Q2 25 | $4.9B | $1.4B | ||
| Q1 25 | $4.9B | $1.4B | ||
| Q4 24 | $5.0B | $1.5B | ||
| Q3 24 | $5.0B | $1.4B | ||
| Q2 24 | $5.1B | $1.4B | ||
| Q1 24 | $5.0B | $1.3B |
负债/权益比APLECSGS
| Q4 25 | 0.49× | 1.90× | ||
| Q3 25 | 0.47× | 1.86× | ||
| Q2 25 | 0.48× | 1.85× | ||
| Q1 25 | 0.48× | 1.90× | ||
| Q4 24 | 0.45× | 1.91× | ||
| Q3 24 | 0.46× | 1.87× | ||
| Q2 24 | 0.46× | 1.98× | ||
| Q1 24 | 0.45× | 2.01× |
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 | $370.2M | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $55.8M |
| 自由现金流率自由现金流/营收 | 86.4% | 17.3% |
| 资本支出强度资本支出/营收 | 27.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 12.50× | 8.46× |
| 过去12个月自由现金流最近4个季度 | $516.8M | $141.4M |
8季度趋势，按日历期对齐
经营现金流APLECSGS
| Q4 25 | $370.2M | $59.2M | ||
| Q3 25 | $126.4M | $47.9M | ||
| Q2 25 | $108.8M | $37.3M | ||
| Q1 25 | $49.1M | $11.5M | ||
| Q4 24 | $405.4M | $82.5M | ||
| Q3 24 | $128.2M | $39.5M | ||
| Q2 24 | $127.3M | $43.1M | ||
| Q1 24 | $54.7M | $-29.4M |
自由现金流APLECSGS
| Q4 25 | $282.0M | $55.8M | ||
| Q3 25 | $109.0M | $43.9M | ||
| Q2 25 | $96.2M | $34.6M | ||
| Q1 25 | $29.5M | $7.1M | ||
| Q4 24 | $327.1M | $76.6M | ||
| Q3 24 | $113.1M | $32.0M | ||
| Q2 24 | $115.0M | $38.8M | ||
| Q1 24 | $34.4M | $-34.1M |
自由现金流率APLECSGS
| Q4 25 | 86.4% | 17.3% | ||
| Q3 25 | 29.2% | 14.5% | ||
| Q2 25 | 25.0% | 11.6% | ||
| Q1 25 | 9.0% | 2.4% | ||
| Q4 24 | 98.2% | 24.2% | ||
| Q3 24 | 29.9% | 10.8% | ||
| Q2 24 | 29.5% | 13.4% | ||
| Q1 24 | 10.4% | -11.6% |
资本支出强度APLECSGS
| Q4 25 | 27.0% | 1.1% | ||
| Q3 25 | 4.7% | 1.3% | ||
| Q2 25 | 3.3% | 0.9% | ||
| Q1 25 | 6.0% | 1.5% | ||
| Q4 24 | 23.5% | 1.9% | ||
| Q3 24 | 4.0% | 2.5% | ||
| Q2 24 | 3.2% | 1.5% | ||
| Q1 24 | 6.2% | 1.6% |
现金转化率APLECSGS
| Q4 25 | 12.50× | 8.46× | ||
| Q3 25 | 2.49× | 2.34× | ||
| Q2 25 | 1.71× | 3.04× | ||
| Q1 25 | 1.57× | 0.71× | ||
| Q4 24 | 13.59× | 2.39× | ||
| Q3 24 | 2.28× | 2.07× | ||
| Q2 24 | 1.72× | 3.12× | ||
| Q1 24 | 1.01× | -1.51× |
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
APLE
| Occupancy | $293.0M | 90% |
| Hotel Other | $17.2M | 5% |
| Food And Beverage | $16.3M | 5% |
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
