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ALLIANCE RESOURCE PARTNERS LP（ARLP）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
Ryman Hospitality Properties, Inc.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.4倍（$737.8M vs $516.0M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 2.1%，领先8.0%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -3.6%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $13.3M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -6.7%）
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
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。
ARLP vs RHP — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $516.0M | $737.8M |
| 净利润 | $10.7M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 4.2% | 19.4% |
| 净利率 | 2.1% | 10.1% |
| 营收同比 | -3.6% | 13.9% |
| 净利润同比 | — | 3.0% |
| 每股收益（稀释后） | — | $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
| Q1 26 | $516.0M | — | ||
| Q4 25 | $535.5M | $737.8M | ||
| Q3 25 | $571.4M | $592.5M | ||
| Q2 25 | $547.5M | $659.5M | ||
| Q1 25 | $540.5M | $587.3M | ||
| Q4 24 | $590.1M | $647.6M | ||
| Q3 24 | $613.6M | $550.0M | ||
| Q2 24 | $593.4M | $613.3M |
| Q1 26 | $10.7M | — | ||
| Q4 25 | $82.7M | $74.5M | ||
| Q3 25 | $95.1M | $34.9M | ||
| Q2 25 | $59.4M | $71.8M | ||
| Q1 25 | $74.0M | $63.0M | ||
| Q4 24 | $16.3M | $72.3M | ||
| Q3 24 | $86.3M | $59.0M | ||
| Q2 24 | $100.2M | $100.8M |
| 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% |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 18.2% | 19.4% | ||
| Q3 25 | 18.4% | 15.0% | ||
| Q2 25 | 16.2% | 21.1% | ||
| Q1 25 | 17.4% | 19.8% | ||
| Q4 24 | 2.6% | 18.6% | ||
| Q3 24 | 16.5% | 19.3% | ||
| Q2 24 | 19.8% | 27.4% |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 15.4% | 10.1% | ||
| Q3 25 | 16.6% | 5.9% | ||
| Q2 25 | 10.9% | 10.9% | ||
| Q1 25 | 13.7% | 10.7% | ||
| Q4 24 | 2.8% | 11.2% | ||
| Q3 24 | 14.1% | 10.7% | ||
| Q2 24 | 16.9% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | — | $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 | $28.9M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $750.2M |
| 总资产 | $2.9B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | $28.9M | — | ||
| Q4 25 | $71.2M | $471.4M | ||
| Q3 25 | $94.5M | $483.3M | ||
| Q2 25 | $55.0M | $420.6M | ||
| Q1 25 | $81.3M | $413.9M | ||
| Q4 24 | $137.0M | $477.7M | ||
| Q3 24 | $195.4M | $534.9M | ||
| Q2 24 | $203.7M | $498.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $750.2M | ||
| Q3 25 | — | $758.5M | ||
| Q2 25 | — | $800.4M | ||
| Q1 25 | — | $531.5M | ||
| Q4 24 | — | $549.0M | ||
| Q3 24 | — | $551.9M | ||
| Q2 24 | — | $562.6M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $6.2B | ||
| Q3 25 | $2.9B | $6.2B | ||
| Q2 25 | $2.9B | $6.1B | ||
| Q1 25 | $2.9B | $5.2B | ||
| Q4 24 | $2.9B | $5.2B | ||
| Q3 24 | $3.0B | $5.2B | ||
| Q2 24 | $3.1B | $5.1B |
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 | — | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $13.3M | $58.5M |
| 自由现金流率自由现金流/营收 | 2.6% | 7.9% |
| 资本支出强度资本支出/营收 | 18.5% | 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 | $342.2M | $232.4M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $143.9M | $164.7M | ||
| Q3 25 | $209.9M | $205.2M | ||
| Q2 25 | $151.7M | $122.5M | ||
| Q1 25 | $145.7M | $98.2M | ||
| Q4 24 | $168.4M | $166.6M | ||
| Q3 24 | $209.3M | $218.1M | ||
| Q2 24 | $215.8M | $184.3M |
| Q1 26 | $13.3M | — | ||
| Q4 25 | $99.1M | $58.5M | ||
| Q3 25 | $145.2M | $135.4M | ||
| Q2 25 | $84.7M | $53.0M | ||
| Q1 25 | $58.9M | $-14.5M | ||
| Q4 24 | $75.3M | $76.0M | ||
| Q3 24 | $99.0M | $85.7M | ||
| Q2 24 | $114.3M | $78.8M |
| Q1 26 | 2.6% | — | ||
| Q4 25 | 18.5% | 7.9% | ||
| Q3 25 | 25.4% | 22.9% | ||
| Q2 25 | 15.5% | 8.0% | ||
| Q1 25 | 10.9% | -2.5% | ||
| Q4 24 | 12.8% | 11.7% | ||
| Q3 24 | 16.1% | 15.6% | ||
| Q2 24 | 19.3% | 12.9% |
| Q1 26 | 18.5% | — | ||
| Q4 25 | 8.4% | 14.4% | ||
| Q3 25 | 11.3% | 11.8% | ||
| Q2 25 | 12.2% | 10.5% | ||
| Q1 25 | 16.1% | 19.2% | ||
| Q4 24 | 15.8% | 14.0% | ||
| Q3 24 | 18.0% | 24.1% | ||
| Q2 24 | 17.1% | 17.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.74× | 2.21× | ||
| Q3 25 | 2.21× | 5.88× | ||
| Q2 25 | 2.55× | 1.71× | ||
| Q1 25 | 1.97× | 1.56× | ||
| Q4 24 | 10.31× | 2.30× | ||
| Q3 24 | 2.43× | 3.70× | ||
| Q2 24 | 2.15× | 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
ARLP
| Coal sales | $443.3M | 86% |
| Oil & gas royalties | $41.3M | 8% |
| Other revenues | $22.8M | 4% |
| Transportation revenues | $8.6M | 2% |
| Tons Produced | $8.0M | 2% |
| Mineral Interest Volumes (BOE) | $1.0M | 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% |
