vs
Apple Hospitality REIT, Inc.（APLE）与猫途鹰（TRIP）财务数据对比。点击上方公司名可切换其他公司
猫途鹰的季度营收约是Apple Hospitality REIT, Inc.的1.2倍（$411.0M vs $337.7M），Apple Hospitality REIT, Inc.净利率更高（8.2% vs -9.2%，领先17.4%），Apple Hospitality REIT, Inc.同比增速更快（3.1% vs 0.0%），过去两年猫途鹰的营收复合增速更高（2.0% vs -6.9%）
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。
TripAdvisor是美国知名在线旅游服务企业，旗下运营在线旅行社平台、旅游产品比价网站及移动应用，平台拥有大量用户生成的真实旅行内容，为全球消费者提供出行规划、预订等多元服务。
APLE vs TRIP — 直观对比
营收规模更大
TRIP
是对方的1.2倍
$337.7M
营收增速更快
APLE
高出3.1%
0.0%
净利率更高
APLE
高出17.4%
-9.2%
两年增速更快
TRIP
近两年复合增速
-6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.7M | $411.0M |
| 净利润 | $27.7M | $-38.0M |
| 毛利率 | — | 91.5% |
| 营业利润率 | 14.2% | -8.3% |
| 净利率 | 8.2% | -9.2% |
| 营收同比 | 3.1% | 0.0% |
| 净利润同比 | 12.7% | -3900.0% |
| 每股收益（稀释后） | $0.12 | $-0.32 |
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APLETRIP
| Q1 26 | $337.7M | — | ||
| Q4 25 | $326.4M | $411.0M | ||
| Q3 25 | $373.9M | $553.0M | ||
| Q2 25 | $384.4M | $529.0M | ||
| Q1 25 | $327.7M | $398.0M | ||
| Q4 24 | $333.0M | $411.0M | ||
| Q3 24 | $378.8M | $532.0M | ||
| Q2 24 | $390.1M | $497.0M |
净利润APLETRIP
| Q1 26 | $27.7M | — | ||
| Q4 25 | $29.6M | $-38.0M | ||
| Q3 25 | $50.9M | $53.0M | ||
| Q2 25 | $63.6M | $36.0M | ||
| Q1 25 | $31.2M | $-11.0M | ||
| Q4 24 | $29.8M | $1.0M | ||
| Q3 24 | $56.3M | $39.0M | ||
| Q2 24 | $73.9M | $24.0M |
毛利率APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | 91.5% | ||
| Q3 25 | 40.6% | 92.6% | ||
| Q2 25 | 42.6% | 92.1% | ||
| Q1 25 | 39.0% | 93.2% | ||
| Q4 24 | 38.6% | 93.4% | ||
| Q3 24 | 41.9% | 92.5% | ||
| Q2 24 | 44.6% | 92.8% |
营业利润率APLETRIP
| Q1 26 | 14.2% | — | ||
| Q4 25 | 15.2% | -8.3% | ||
| Q3 25 | 19.4% | 12.7% | ||
| Q2 25 | 22.1% | 11.2% | ||
| Q1 25 | 15.5% | -3.8% | ||
| Q4 24 | 15.0% | 0.2% | ||
| Q3 24 | 20.5% | 13.2% | ||
| Q2 24 | 24.0% | 7.2% |
净利率APLETRIP
| Q1 26 | 8.2% | — | ||
| Q4 25 | 9.1% | -9.2% | ||
| Q3 25 | 13.6% | 9.6% | ||
| Q2 25 | 16.6% | 6.8% | ||
| Q1 25 | 9.5% | -2.8% | ||
| Q4 24 | 9.0% | 0.2% | ||
| Q3 24 | 14.9% | 7.3% | ||
| Q2 24 | 19.0% | 4.8% |
每股收益（稀释后）APLETRIP
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.13 | $-0.32 | ||
| Q3 25 | $0.21 | $0.43 | ||
| Q2 25 | $0.27 | $0.28 | ||
| Q1 25 | $0.13 | $-0.08 | ||
| Q4 24 | $0.13 | $0.03 | ||
| Q3 24 | $0.23 | $0.27 | ||
| Q2 24 | $0.31 | $0.17 |
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 | $7.8M | $1.0B |
| 总债务越低越好 | — | $819.0M |
| 股东权益账面价值 | $3.1B | $645.0M |
| 总资产 | $4.9B | $2.6B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资APLETRIP
| Q1 26 | $7.8M | — | ||
| Q4 25 | $8.5M | $1.0B | ||
| Q3 25 | $50.3M | $1.2B | ||
| Q2 25 | $7.9M | $1.2B | ||
| Q1 25 | $14.9M | $1.2B | ||
| Q4 24 | $10.3M | $1.1B | ||
| Q3 24 | $6.1M | $1.1B | ||
| Q2 24 | $7.2M | $1.2B |
总债务APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $819.0M | ||
| Q3 25 | $1.5B | $821.0M | ||
| Q2 25 | $1.5B | $822.0M | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.5B | $831.0M | ||
| Q3 24 | $1.5B | $832.0M | ||
| Q2 24 | $1.5B | — |
股东权益APLETRIP
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $645.0M | ||
| Q3 25 | $3.2B | $707.0M | ||
| Q2 25 | $3.2B | $627.0M | ||
| Q1 25 | $3.2B | $643.0M | ||
| Q4 24 | $3.3B | $943.0M | ||
| Q3 24 | $3.3B | $944.0M | ||
| Q2 24 | $3.3B | $857.0M |
总资产APLETRIP
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $2.6B | ||
| Q3 25 | $4.9B | $2.8B | ||
| Q2 25 | $4.9B | $2.9B | ||
| Q1 25 | $4.9B | $2.8B | ||
| Q4 24 | $5.0B | $2.6B | ||
| Q3 24 | $5.0B | $2.7B | ||
| Q2 24 | $5.1B | $2.8B |
负债/权益比APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | 1.27× | ||
| Q3 25 | 0.47× | 1.16× | ||
| Q2 25 | 0.48× | 1.31× | ||
| Q1 25 | 0.48× | 1.81× | ||
| Q4 24 | 0.45× | 0.88× | ||
| Q3 24 | 0.46× | 0.88× | ||
| 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 | — | $-103.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-122.0M |
| 自由现金流率自由现金流/营收 | — | -29.7% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 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 | — | $163.0M |
8季度趋势，按日历期对齐
经营现金流APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | $370.2M | $-103.0M | ||
| Q3 25 | $126.4M | $44.0M | ||
| Q2 25 | $108.8M | $202.0M | ||
| Q1 25 | $49.1M | $102.0M | ||
| Q4 24 | $405.4M | $-3.0M | ||
| Q3 24 | $128.2M | $-43.0M | ||
| Q2 24 | $127.3M | $51.0M |
自由现金流APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | $282.0M | $-122.0M | ||
| Q3 25 | $109.0M | $25.0M | ||
| Q2 25 | $96.2M | $177.0M | ||
| Q1 25 | $29.5M | $83.0M | ||
| Q4 24 | $327.1M | $-26.0M | ||
| Q3 24 | $113.1M | $-63.0M | ||
| Q2 24 | $115.0M | $36.0M |
自由现金流率APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | -29.7% | ||
| Q3 25 | 29.2% | 4.5% | ||
| Q2 25 | 25.0% | 33.5% | ||
| Q1 25 | 9.0% | 20.9% | ||
| Q4 24 | 98.2% | -6.3% | ||
| Q3 24 | 29.9% | -11.8% | ||
| Q2 24 | 29.5% | 7.2% |
资本支出强度APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | 4.6% | ||
| Q3 25 | 4.7% | 3.4% | ||
| Q2 25 | 3.3% | 4.7% | ||
| Q1 25 | 6.0% | 4.8% | ||
| Q4 24 | 23.5% | 5.6% | ||
| Q3 24 | 4.0% | 3.8% | ||
| Q2 24 | 3.2% | 3.0% |
现金转化率APLETRIP
| Q1 26 | — | — | ||
| Q4 25 | 12.50× | — | ||
| Q3 25 | 2.49× | 0.83× | ||
| Q2 25 | 1.71× | 5.61× | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 13.59× | -3.00× | ||
| Q3 24 | 2.28× | -1.10× | ||
| Q2 24 | 1.72× | 2.13× |
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
| Comparable Hotels Total Revenue | $336.9M | 100% |
| RevPAR (Comparable Hotels) | $114.6K | 0% |
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
