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Apple Hospitality REIT, Inc.（APLE）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
六旗的季度营收约是Apple Hospitality REIT, Inc.的2.0倍（$650.1M vs $326.4M），Apple Hospitality REIT, Inc.净利率更高（9.1% vs -14.2%，领先23.3%），Apple Hospitality REIT, Inc.自由现金流更多（$282.0M vs $-109.3M）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
APLE vs FUN — 直观对比
营收规模更大
FUN
是对方的2.0倍
$326.4M
净利率更高
APLE
高出23.3%
-14.2%
自由现金流更多
APLE
多$391.3M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $650.1M |
| 净利润 | $29.6M | $-92.4M |
| 毛利率 | 37.2% | 91.4% |
| 营业利润率 | 15.2% | -3.8% |
| 净利率 | 9.1% | -14.2% |
| 营收同比 | -2.0% | — |
| 净利润同比 | -0.7% | — |
| 每股收益（稀释后） | $0.13 | $-0.93 |
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APLEFUN
| Q4 25 | $326.4M | $650.1M | ||
| Q3 25 | $373.9M | $1.3B | ||
| Q2 25 | $384.4M | $930.4M | ||
| Q1 25 | $327.7M | $202.1M | ||
| Q4 24 | $333.0M | — | ||
| Q3 24 | $378.8M | $1.3B | ||
| Q2 24 | $390.1M | $571.6M | ||
| Q1 24 | $329.5M | — |
净利润APLEFUN
| Q4 25 | $29.6M | $-92.4M | ||
| Q3 25 | $50.9M | $-1.2B | ||
| Q2 25 | $63.6M | $-99.6M | ||
| Q1 25 | $31.2M | $-219.7M | ||
| Q4 24 | $29.8M | — | ||
| Q3 24 | $56.3M | $111.0M | ||
| Q2 24 | $73.9M | $55.6M | ||
| Q1 24 | $54.0M | — |
毛利率APLEFUN
| Q4 25 | 37.2% | 91.4% | ||
| Q3 25 | 40.6% | 91.6% | ||
| Q2 25 | 42.6% | 91.3% | ||
| Q1 25 | 39.0% | 89.3% | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 41.9% | 91.9% | ||
| Q2 24 | 44.6% | 90.7% | ||
| Q1 24 | 40.1% | — |
营业利润率APLEFUN
| Q4 25 | 15.2% | -3.8% | ||
| Q3 25 | 19.4% | -83.7% | ||
| Q2 25 | 22.1% | 8.0% | ||
| Q1 25 | 15.5% | -158.9% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 20.5% | 19.5% | ||
| Q2 24 | 24.0% | 21.6% | ||
| Q1 24 | 21.7% | — |
净利率APLEFUN
| Q4 25 | 9.1% | -14.2% | ||
| Q3 25 | 13.6% | -90.1% | ||
| Q2 25 | 16.6% | -10.7% | ||
| Q1 25 | 9.5% | -108.7% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 14.9% | 8.2% | ||
| Q2 24 | 19.0% | 9.7% | ||
| Q1 24 | 16.4% | — |
每股收益（稀释后）APLEFUN
| Q4 25 | $0.13 | $-0.93 | ||
| Q3 25 | $0.21 | $-11.77 | ||
| Q2 25 | $0.27 | $-0.99 | ||
| Q1 25 | $0.13 | $-2.20 | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.23 | $1.10 | ||
| Q2 24 | $0.31 | — | ||
| Q1 24 | $0.22 | — |
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 | $91.1M |
| 总债务越低越好 | $1.5B | $5.2B |
| 股东权益账面价值 | $3.1B | $549.8M |
| 总资产 | $4.9B | $7.8B |
| 负债/权益比越低杠杆越低 | 0.49× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资APLEFUN
| Q4 25 | $8.5M | $91.1M | ||
| Q3 25 | $50.3M | $70.7M | ||
| Q2 25 | $7.9M | $107.4M | ||
| Q1 25 | $14.9M | $61.5M | ||
| Q4 24 | $10.3M | — | ||
| Q3 24 | $6.1M | $89.7M | ||
| Q2 24 | $7.2M | $52.9M | ||
| Q1 24 | $4.9M | — |
总债务APLEFUN
| Q4 25 | $1.5B | $5.2B | ||
| Q3 25 | $1.5B | $5.0B | ||
| Q2 25 | $1.5B | $5.3B | ||
| Q1 25 | $1.5B | $5.0B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | $4.6B | ||
| Q2 24 | $1.5B | $2.3B | ||
| Q1 24 | $1.5B | — |
股东权益APLEFUN
| Q4 25 | $3.1B | $549.8M | ||
| Q3 25 | $3.2B | $614.3M | ||
| Q2 25 | $3.2B | $1.8B | ||
| Q1 25 | $3.2B | $1.8B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $2.3B | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | $3.3B | — |
总资产APLEFUN
| Q4 25 | $4.9B | $7.8B | ||
| Q3 25 | $4.9B | $7.9B | ||
| Q2 25 | $4.9B | $9.5B | ||
| Q1 25 | $4.9B | $9.2B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $5.0B | $9.4B | ||
| Q2 24 | $5.1B | $2.3B | ||
| Q1 24 | $5.0B | — |
负债/权益比APLEFUN
| Q4 25 | 0.49× | 9.40× | ||
| Q3 25 | 0.47× | 8.16× | ||
| Q2 25 | 0.48× | 2.97× | ||
| Q1 25 | 0.48× | 2.75× | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.46× | 1.95× | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.45× | — |
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 | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $-109.3M |
| 自由现金流率自由现金流/营收 | 86.4% | -16.8% |
| 资本支出强度资本支出/营收 | 27.0% | 11.0% |
| 现金转化率经营现金流/净利润 | 12.50× | — |
| 过去12个月自由现金流最近4个季度 | $516.8M | $-152.2M |
8季度趋势，按日历期对齐
经营现金流APLEFUN
| Q4 25 | $370.2M | $-37.7M | ||
| Q3 25 | $126.4M | $356.2M | ||
| Q2 25 | $108.8M | $187.0M | ||
| Q1 25 | $49.1M | $-178.0M | ||
| Q4 24 | $405.4M | — | ||
| Q3 24 | $128.2M | $337.4M | ||
| Q2 24 | $127.3M | — | ||
| Q1 24 | $54.7M | — |
自由现金流APLEFUN
| Q4 25 | $282.0M | $-109.3M | ||
| Q3 25 | $109.0M | $256.2M | ||
| Q2 25 | $96.2M | $18.8M | ||
| Q1 25 | $29.5M | $-318.0M | ||
| Q4 24 | $327.1M | — | ||
| Q3 24 | $113.1M | $227.7M | ||
| Q2 24 | $115.0M | — | ||
| Q1 24 | $34.4M | — |
自由现金流率APLEFUN
| Q4 25 | 86.4% | -16.8% | ||
| Q3 25 | 29.2% | 19.4% | ||
| Q2 25 | 25.0% | 2.0% | ||
| Q1 25 | 9.0% | -157.4% | ||
| Q4 24 | 98.2% | — | ||
| Q3 24 | 29.9% | 16.9% | ||
| Q2 24 | 29.5% | — | ||
| Q1 24 | 10.4% | — |
资本支出强度APLEFUN
| Q4 25 | 27.0% | 11.0% | ||
| Q3 25 | 4.7% | 7.6% | ||
| Q2 25 | 3.3% | 18.1% | ||
| Q1 25 | 6.0% | 69.3% | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 4.0% | 8.1% | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | 6.2% | — |
现金转化率APLEFUN
| Q4 25 | 12.50× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 13.59× | — | ||
| Q3 24 | 2.28× | 3.04× | ||
| Q2 24 | 1.72× | — | ||
| Q1 24 | 1.01× | — |
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% |
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
