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Apple Hospitality REIT, Inc.（APLE）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
Apple Hospitality REIT, Inc.的季度营收约是铱星通信的1.5倍（$326.4M vs $219.1M），铱星通信净利率更高（9.9% vs 9.1%，领先0.8%），铱星通信同比增速更快（1.9% vs -2.0%），过去两年铱星通信的营收复合增速更高（4.4% 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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
APLE vs IRDM — 直观对比
营收规模更大
APLE
是对方的1.5倍
$219.1M
营收增速更快
IRDM
高出3.9%
-2.0%
净利率更高
IRDM
高出0.8%
9.1%
两年增速更快
IRDM
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $219.1M |
| 净利润 | $29.6M | $21.6M |
| 毛利率 | 37.2% | — |
| 营业利润率 | 15.2% | 23.2% |
| 净利率 | 9.1% | 9.9% |
| 营收同比 | -2.0% | 1.9% |
| 净利润同比 | -0.7% | — |
| 每股收益（稀释后） | $0.13 | — |
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APLEIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $326.4M | $212.9M | ||
| Q3 25 | $373.9M | $226.9M | ||
| Q2 25 | $384.4M | $216.9M | ||
| Q1 25 | $327.7M | $214.9M | ||
| Q4 24 | $333.0M | $213.0M | ||
| Q3 24 | $378.8M | $212.8M | ||
| Q2 24 | $390.1M | $201.1M |
净利润APLEIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $29.6M | $24.9M | ||
| Q3 25 | $50.9M | $37.1M | ||
| Q2 25 | $63.6M | $22.0M | ||
| Q1 25 | $31.2M | $30.4M | ||
| Q4 24 | $29.8M | $36.3M | ||
| Q3 24 | $56.3M | $24.4M | ||
| Q2 24 | $73.9M | $32.3M |
毛利率APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | — | ||
| Q3 25 | 40.6% | — | ||
| Q2 25 | 42.6% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 38.6% | — | ||
| Q3 24 | 41.9% | — | ||
| Q2 24 | 44.6% | — |
营业利润率APLEIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 15.2% | 25.9% | ||
| Q3 25 | 19.4% | 30.9% | ||
| Q2 25 | 22.1% | 23.2% | ||
| Q1 25 | 15.5% | 28.1% | ||
| Q4 24 | 15.0% | 24.5% | ||
| Q3 24 | 20.5% | 25.8% | ||
| Q2 24 | 24.0% | 21.7% |
净利率APLEIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | 9.1% | 11.7% | ||
| Q3 25 | 13.6% | 16.4% | ||
| Q2 25 | 16.6% | 10.1% | ||
| Q1 25 | 9.5% | 14.2% | ||
| Q4 24 | 9.0% | 17.1% | ||
| Q3 24 | 14.9% | 11.5% | ||
| Q2 24 | 19.0% | 16.1% |
每股收益（稀释后）APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | $0.13 | $0.24 | ||
| Q3 25 | $0.21 | $0.35 | ||
| Q2 25 | $0.27 | $0.20 | ||
| Q1 25 | $0.13 | $0.27 | ||
| Q4 24 | $0.13 | $0.30 | ||
| Q3 24 | $0.23 | $0.21 | ||
| Q2 24 | $0.31 | $0.27 |
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 | — |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $3.1B | — |
| 总资产 | $4.9B | — |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | $96.5M | ||
| Q3 25 | $50.3M | $88.5M | ||
| Q2 25 | $7.9M | $79.3M | ||
| Q1 25 | $14.9M | $50.9M | ||
| Q4 24 | $10.3M | $93.5M | ||
| Q3 24 | $6.1M | $159.6M | ||
| Q2 24 | $7.2M | $63.5M |
总债务APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — |
股东权益APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $462.6M | ||
| Q3 25 | $3.2B | $450.5M | ||
| Q2 25 | $3.2B | $473.6M | ||
| Q1 25 | $3.2B | $518.4M | ||
| Q4 24 | $3.3B | $576.6M | ||
| Q3 24 | $3.3B | $663.8M | ||
| Q2 24 | $3.3B | $786.7M |
总资产APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $2.5B | ||
| Q3 25 | $4.9B | $2.6B | ||
| Q2 25 | $4.9B | $2.6B | ||
| Q1 25 | $4.9B | $2.6B | ||
| Q4 24 | $5.0B | $2.7B | ||
| Q3 24 | $5.0B | $2.8B | ||
| Q2 24 | $5.1B | $2.7B |
负债/权益比APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | 3.80× | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.45× | 3.05× | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.46× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $282.0M | — |
| 自由现金流率自由现金流/营收 | 86.4% | — |
| 资本支出强度资本支出/营收 | 27.0% | 13.7% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | $370.2M | $108.6M | ||
| Q3 25 | $126.4M | $100.8M | ||
| Q2 25 | $108.8M | $129.6M | ||
| Q1 25 | $49.1M | $61.1M | ||
| Q4 24 | $405.4M | $104.8M | ||
| Q3 24 | $128.2M | $118.6M | ||
| Q2 24 | $127.3M | $81.1M |
自由现金流APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | $282.0M | $75.1M | ||
| Q3 25 | $109.0M | $79.2M | ||
| Q2 25 | $96.2M | $108.9M | ||
| Q1 25 | $29.5M | $36.5M | ||
| Q4 24 | $327.1M | $80.5M | ||
| Q3 24 | $113.1M | $100.0M | ||
| Q2 24 | $115.0M | $68.7M |
自由现金流率APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | 35.3% | ||
| Q3 25 | 29.2% | 34.9% | ||
| Q2 25 | 25.0% | 50.2% | ||
| Q1 25 | 9.0% | 17.0% | ||
| Q4 24 | 98.2% | 37.8% | ||
| Q3 24 | 29.9% | 47.0% | ||
| Q2 24 | 29.5% | 34.2% |
资本支出强度APLEIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 27.0% | 15.7% | ||
| Q3 25 | 4.7% | 9.5% | ||
| Q2 25 | 3.3% | 9.5% | ||
| Q1 25 | 6.0% | 11.4% | ||
| Q4 24 | 23.5% | 11.4% | ||
| Q3 24 | 4.0% | 8.7% | ||
| Q2 24 | 3.2% | 6.2% |
现金转化率APLEIRDM
| Q1 26 | — | — | ||
| Q4 25 | 12.50× | 4.37× | ||
| Q3 25 | 2.49× | 2.71× | ||
| Q2 25 | 1.71× | 5.90× | ||
| Q1 25 | 1.57× | 2.01× | ||
| Q4 24 | 13.59× | 2.88× | ||
| Q3 24 | 2.28× | 4.85× | ||
| Q2 24 | 1.72× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
