vs
Apple Hospitality REIT, Inc.（APLE）与INNOVATE Corp.（VATE）财务数据对比。点击上方公司名可切换其他公司
INNOVATE Corp.的季度营收约是Apple Hospitality REIT, Inc.的1.1倍（$382.7M vs $337.7M），Apple Hospitality REIT, Inc.净利率更高（8.2% vs -1.9%，领先10.1%），INNOVATE Corp.同比增速更快（61.7% vs 3.1%），过去两年INNOVATE Corp.的营收复合增速更高（10.2% 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。
创新公司（Innovate Corp.）是一家美国上市金融服务企业，创立于1994年，深耕金融服务领域，面向市场提供多元专业金融相关服务，是美国本土具备多年运营经验的公众金融服务机构。
APLE vs VATE — 直观对比
营收规模更大
VATE
是对方的1.1倍
$337.7M
营收增速更快
VATE
高出58.7%
3.1%
净利率更高
APLE
高出10.1%
-1.9%
两年增速更快
VATE
近两年复合增速
-6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $337.7M | $382.7M |
| 净利润 | $27.7M | $-7.4M |
| 毛利率 | — | 15.4% |
| 营业利润率 | 14.2% | 3.7% |
| 净利率 | 8.2% | -1.9% |
| 营收同比 | 3.1% | 61.7% |
| 净利润同比 | 12.7% | 55.4% |
| 每股收益（稀释后） | $0.12 | $-0.57 |
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APLEVATE
| Q1 26 | $337.7M | — | ||
| Q4 25 | $326.4M | $382.7M | ||
| Q3 25 | $373.9M | $347.1M | ||
| Q2 25 | $384.4M | $242.0M | ||
| Q1 25 | $327.7M | $274.2M | ||
| Q4 24 | $333.0M | $236.6M | ||
| Q3 24 | $378.8M | $242.2M | ||
| Q2 24 | $390.1M | $313.1M |
净利润APLEVATE
| Q1 26 | $27.7M | — | ||
| Q4 25 | $29.6M | $-7.4M | ||
| Q3 25 | $50.9M | $-8.9M | ||
| Q2 25 | $63.6M | $-19.8M | ||
| Q1 25 | $31.2M | $-24.5M | ||
| Q4 24 | $29.8M | $-16.6M | ||
| Q3 24 | $56.3M | $-15.0M | ||
| Q2 24 | $73.9M | $14.4M |
毛利率APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | 37.2% | 15.4% | ||
| Q3 25 | 40.6% | 14.3% | ||
| Q2 25 | 42.6% | 18.8% | ||
| Q1 25 | 39.0% | 16.6% | ||
| Q4 24 | 38.6% | 19.6% | ||
| Q3 24 | 41.9% | 19.9% | ||
| Q2 24 | 44.6% | 21.0% |
营业利润率APLEVATE
| Q1 26 | 14.2% | — | ||
| Q4 25 | 15.2% | 3.7% | ||
| Q3 25 | 19.4% | 1.8% | ||
| Q2 25 | 22.1% | 2.0% | ||
| Q1 25 | 15.5% | 1.2% | ||
| Q4 24 | 15.0% | 1.1% | ||
| Q3 24 | 20.5% | 2.4% | ||
| Q2 24 | 24.0% | 9.2% |
净利率APLEVATE
| Q1 26 | 8.2% | — | ||
| Q4 25 | 9.1% | -1.9% | ||
| Q3 25 | 13.6% | -2.6% | ||
| Q2 25 | 16.6% | -8.2% | ||
| Q1 25 | 9.5% | -8.9% | ||
| Q4 24 | 9.0% | -7.0% | ||
| Q3 24 | 14.9% | -6.2% | ||
| Q2 24 | 19.0% | 4.6% |
每股收益（稀释后）APLEVATE
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.13 | $-0.57 | ||
| Q3 25 | $0.21 | $-0.71 | ||
| Q2 25 | $0.27 | $-1.67 | ||
| Q1 25 | $0.13 | $-1.89 | ||
| Q4 24 | $0.13 | $-0.72 | ||
| Q3 24 | $0.23 | $-1.18 | ||
| Q2 24 | $0.31 | $1.03 |
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 | $112.1M |
| 总债务越低越好 | — | $80.3M |
| 股东权益账面价值 | $3.1B | $-240.1M |
| 总资产 | $4.9B | $950.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资APLEVATE
| Q1 26 | $7.8M | — | ||
| Q4 25 | $8.5M | $112.1M | ||
| Q3 25 | $50.3M | $35.5M | ||
| Q2 25 | $7.9M | $33.4M | ||
| Q1 25 | $14.9M | $33.3M | ||
| Q4 24 | $10.3M | $48.8M | ||
| Q3 24 | $6.1M | $51.0M | ||
| Q2 24 | $7.2M | $80.2M |
总债务APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $80.3M | ||
| Q3 25 | $1.5B | $97.3M | ||
| Q2 25 | $1.5B | $160.1M | ||
| Q1 25 | $1.5B | $139.9M | ||
| Q4 24 | $1.5B | $500.6M | ||
| Q3 24 | $1.5B | $502.4M | ||
| Q2 24 | $1.5B | $638.3M |
股东权益APLEVATE
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $-240.1M | ||
| Q3 25 | $3.2B | $-233.3M | ||
| Q2 25 | $3.2B | $-224.8M | ||
| Q1 25 | $3.2B | $-204.2M | ||
| Q4 24 | $3.3B | $-180.4M | ||
| Q3 24 | $3.3B | $-163.1M | ||
| Q2 24 | $3.3B | $-149.0M |
总资产APLEVATE
| Q1 26 | $4.9B | — | ||
| Q4 25 | $4.9B | $950.1M | ||
| Q3 25 | $4.9B | $913.2M | ||
| Q2 25 | $4.9B | $890.9M | ||
| Q1 25 | $4.9B | $868.0M | ||
| Q4 24 | $5.0B | $891.1M | ||
| Q3 24 | $5.0B | $897.2M | ||
| Q2 24 | $5.1B | $898.9M |
负债/权益比APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.45× | — | ||
| 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 | — | $101.1M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | $370.2M | $101.1M | ||
| Q3 25 | $126.4M | $19.2M | ||
| Q2 25 | $108.8M | $40.4M | ||
| Q1 25 | $49.1M | $-14.1M | ||
| Q4 24 | $405.4M | $41.4M | ||
| Q3 24 | $128.2M | $-28.4M | ||
| Q2 24 | $127.3M | $21.5M |
自由现金流APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | $282.0M | — | ||
| Q3 25 | $109.0M | $19.0M | ||
| Q2 25 | $96.2M | — | ||
| Q1 25 | $29.5M | $-18.8M | ||
| Q4 24 | $327.1M | $34.2M | ||
| Q3 24 | $113.1M | $-31.5M | ||
| Q2 24 | $115.0M | $18.4M |
自由现金流率APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | 86.4% | — | ||
| Q3 25 | 29.2% | 5.5% | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 9.0% | -6.9% | ||
| Q4 24 | 98.2% | 14.5% | ||
| Q3 24 | 29.9% | -13.0% | ||
| Q2 24 | 29.5% | 5.9% |
资本支出强度APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | 27.0% | — | ||
| Q3 25 | 4.7% | 0.1% | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 6.0% | 1.7% | ||
| Q4 24 | 23.5% | 3.0% | ||
| Q3 24 | 4.0% | 1.3% | ||
| Q2 24 | 3.2% | 1.0% |
现金转化率APLEVATE
| Q1 26 | — | — | ||
| Q4 25 | 12.50× | — | ||
| Q3 25 | 2.49× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 13.59× | — | ||
| Q3 24 | 2.28× | — | ||
| Q2 24 | 1.72× | 1.49× |
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% |
VATE
| Commercial Revenue | $126.1M | 33% |
| Industrial Revenue | $87.5M | 23% |
| Transportation Revenue | $58.4M | 15% |
| Healthcare Revenue | $48.4M | 13% |
| Government Revenue | $44.3M | 12% |
| Energy Revenue | $8.0M | 2% |
| Broadcast Station Revenue | $5.7M | 1% |
| Systems And Consumables Revenue | $3.1M | 1% |
| Leisure Revenue | $200.0K | 0% |
