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ANTERO RESOURCES Corp（AR）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
ANTERO RESOURCES Corp的季度营收约是Ryman Hospitality Properties, Inc.的1.8倍（$1.4B vs $737.8M），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -30.5%），ANTERO RESOURCES Corp自由现金流更多（$235.6M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 17.6%）
Antero Resources Corporation是一家美国油气勘探企业，注册地为特拉华州，总部设于科罗拉多州丹佛市。公司全部油气储量均位于阿巴拉契亚盆地，采用水力压裂技术开展开采作业，深耕北美本土油气资源开发领域。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下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为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
AR vs RHP — 直观对比
营收规模更大
AR
是对方的1.8倍
$737.8M
营收增速更快
RHP
高出44.4%
-30.5%
自由现金流更多
AR
多$177.1M
$58.5M
两年增速更快
RHP
近两年复合增速
17.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $737.8M |
| 净利润 | — | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 20.1% | 19.4% |
| 净利率 | — | 10.1% |
| 营收同比 | -30.5% | 13.9% |
| 净利润同比 | — | 3.0% |
| 每股收益（稀释后） | $0.66 | $1.12 |
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ARRHP
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $737.8M | ||
| Q3 25 | $1.2B | $592.5M | ||
| Q2 25 | $1.3B | $659.5M | ||
| Q1 25 | $1.4B | $587.3M | ||
| Q4 24 | $1.2B | $647.6M | ||
| Q3 24 | $1.1B | $550.0M | ||
| Q2 24 | $978.7M | $613.3M |
净利润ARRHP
| Q1 26 | — | — | ||
| Q4 25 | $202.9M | $74.5M | ||
| Q3 25 | $85.6M | $34.9M | ||
| Q2 25 | $166.6M | $71.8M | ||
| Q1 25 | $219.5M | $63.0M | ||
| Q4 24 | $158.8M | $72.3M | ||
| Q3 24 | $-25.2M | $59.0M | ||
| Q2 24 | $-74.6M | $100.8M |
毛利率ARRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% |
营业利润率ARRHP
| Q1 26 | 20.1% | — | ||
| Q4 25 | 20.5% | 19.4% | ||
| Q3 25 | 9.7% | 15.0% | ||
| Q2 25 | 15.8% | 21.1% | ||
| Q1 25 | 20.1% | 19.8% | ||
| Q4 24 | 4.9% | 18.6% | ||
| Q3 24 | -2.4% | 19.3% | ||
| Q2 24 | -8.2% | 27.4% |
净利率ARRHP
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | 10.1% | ||
| Q3 25 | 7.1% | 5.9% | ||
| Q2 25 | 12.8% | 10.9% | ||
| Q1 25 | 16.2% | 10.7% | ||
| Q4 24 | 13.6% | 11.2% | ||
| Q3 24 | -2.4% | 10.7% | ||
| Q2 24 | -7.6% | 16.4% |
每股收益（稀释后）ARRHP
| Q1 26 | $0.66 | — | ||
| Q4 25 | $0.63 | $1.12 | ||
| Q3 25 | $0.24 | $0.53 | ||
| Q2 25 | $0.50 | $1.12 | ||
| Q1 25 | $0.66 | $1.00 | ||
| Q4 24 | $0.48 | $1.12 | ||
| Q3 24 | $-0.11 | $0.94 | ||
| Q2 24 | $-0.26 | $1.65 |
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 | — | $471.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $7.6B | $750.2M |
| 总资产 | $13.2B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资ARRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $483.3M | ||
| Q2 25 | — | $420.6M | ||
| Q1 25 | — | $413.9M | ||
| Q4 24 | — | $477.7M | ||
| Q3 24 | — | $534.9M | ||
| Q2 24 | — | $498.4M |
总债务ARRHP
| Q1 26 | $1.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ARRHP
| Q1 26 | $7.6B | — | ||
| Q4 25 | $7.6B | $750.2M | ||
| Q3 25 | $7.3B | $758.5M | ||
| Q2 25 | $7.3B | $800.4M | ||
| Q1 25 | $7.2B | $531.5M | ||
| Q4 24 | $7.0B | $549.0M | ||
| Q3 24 | $7.0B | $551.9M | ||
| Q2 24 | $7.0B | $562.6M |
总资产ARRHP
| Q1 26 | $13.2B | — | ||
| Q4 25 | $13.2B | $6.2B | ||
| Q3 25 | $12.9B | $6.2B | ||
| Q2 25 | $12.8B | $6.1B | ||
| Q1 25 | $13.0B | $5.2B | ||
| Q4 24 | $13.0B | $5.2B | ||
| Q3 24 | $13.2B | $5.2B | ||
| Q2 24 | $13.4B | $5.1B |
负债/权益比ARRHP
| Q1 26 | 0.19× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $457.7M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $235.6M | $58.5M |
| 自由现金流率自由现金流/营收 | 17.4% | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流ARRHP
| Q1 26 | $457.7M | — | ||
| Q4 25 | $370.7M | $164.7M | ||
| Q3 25 | $310.1M | $205.2M | ||
| Q2 25 | $492.4M | $122.5M | ||
| Q1 25 | $457.7M | $98.2M | ||
| Q4 24 | $278.0M | $166.6M | ||
| Q3 24 | $166.2M | $218.1M | ||
| Q2 24 | $143.5M | $184.3M |
自由现金流ARRHP
| Q1 26 | $235.6M | — | ||
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M |
自由现金流率ARRHP
| Q1 26 | 17.4% | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% |
资本支出强度ARRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% |
现金转化率ARRHP
| Q1 26 | — | — | ||
| Q4 25 | 1.83× | 2.21× | ||
| Q3 25 | 3.62× | 5.88× | ||
| Q2 25 | 2.96× | 1.71× | ||
| Q1 25 | 2.09× | 1.56× | ||
| Q4 24 | 1.75× | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 1.83× |
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
AR
| Natural gas sales | $780.0M | 58% |
| Natural gas liquids sales | $561.4M | 42% |
| Oil sales | $50.3M | 4% |
| Other revenue and income | $818.0K | 0% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
