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Asana, Inc.（ASAN）与CHOICE HOTELS INTERNATIONAL INC（CHH）财务数据对比。点击上方公司名可切换其他公司
CHOICE HOTELS INTERNATIONAL INC的季度营收约是Asana, Inc.的1.9倍（$390.1M vs $201.0M），CHOICE HOTELS INTERNATIONAL INC净利率更高（16.3% vs -34.0%，领先50.4%），Asana, Inc.同比增速更快（9.3% vs 0.1%），CHOICE HOTELS INTERNATIONAL INC自由现金流更多（$64.1M vs $15.5M），过去两年CHOICE HOTELS INTERNATIONAL INC的营收复合增速更高（8.4% vs 8.4%）
Asana是一家总部位于美国旧金山的软件企业，由达斯汀·莫斯科维茨和贾斯汀·罗森斯坦于2008年创立，核心产品是同名工作管理平台，支持网页端与移动端使用，可帮助团队梳理、跟踪及统筹各类工作事项，2012年4月正式商业化推出，2020年9月直接上市，当时估值达55亿美元。
凯悦酒店国际集团（Choice Hotels International）是总部位于美国马里兰州北贝塞斯达的跨国酒店集团，为全球规模最大的酒店连锁企业之一，旗下拥有从高端到经济型的多元酒店品牌。截至2024年末，集团在全球46个国家和地区特许经营近7600家酒店，客房总数超65万间。
ASAN vs CHH — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.0M | $390.1M |
| 净利润 | $-68.4M | $63.7M |
| 毛利率 | 88.9% | — |
| 营业利润率 | -34.8% | 26.0% |
| 净利率 | -34.0% | 16.3% |
| 营收同比 | 9.3% | 0.1% |
| 净利润同比 | -19.4% | -16.0% |
| 每股收益（稀释后） | $-0.29 | $1.35 |
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
| Q4 25 | $201.0M | $390.1M | ||
| Q3 25 | $196.9M | $447.3M | ||
| Q2 25 | $187.3M | $426.4M | ||
| Q1 25 | $188.3M | $332.9M | ||
| Q4 24 | $183.9M | $389.8M | ||
| Q3 24 | $179.2M | $428.0M | ||
| Q2 24 | $172.4M | $435.2M | ||
| Q1 24 | $171.1M | $331.9M |
| Q4 25 | $-68.4M | $63.7M | ||
| Q3 25 | $-48.4M | $180.0M | ||
| Q2 25 | $-40.0M | $81.7M | ||
| Q1 25 | $-62.3M | $44.5M | ||
| Q4 24 | $-57.3M | $75.8M | ||
| Q3 24 | $-72.2M | $105.7M | ||
| Q2 24 | $-63.7M | $87.1M | ||
| Q1 24 | $-62.4M | $31.0M |
| Q4 25 | 88.9% | — | ||
| Q3 25 | 89.7% | — | ||
| Q2 25 | 89.7% | — | ||
| Q1 25 | 89.6% | — | ||
| Q4 24 | 89.2% | — | ||
| Q3 24 | 88.8% | — | ||
| Q2 24 | 89.7% | — | ||
| Q1 24 | 89.8% | — |
| Q4 25 | -34.8% | 26.0% | ||
| Q3 25 | -25.1% | 31.8% | ||
| Q2 25 | -23.4% | 29.2% | ||
| Q1 25 | -33.8% | 24.0% | ||
| Q4 24 | -32.7% | 30.6% | ||
| Q3 24 | -42.9% | 35.5% | ||
| Q2 24 | -38.4% | 30.5% | ||
| Q1 24 | -39.7% | 18.1% |
| Q4 25 | -34.0% | 16.3% | ||
| Q3 25 | -24.6% | 40.2% | ||
| Q2 25 | -21.4% | 19.2% | ||
| Q1 25 | -33.1% | 13.4% | ||
| Q4 24 | -31.2% | 19.4% | ||
| Q3 24 | -40.3% | 24.7% | ||
| Q2 24 | -37.0% | 20.0% | ||
| Q1 24 | -36.5% | 9.3% |
| Q4 25 | $-0.29 | $1.35 | ||
| Q3 25 | $-0.20 | $3.86 | ||
| Q2 25 | $-0.17 | $1.75 | ||
| Q1 25 | $-0.27 | $0.94 | ||
| Q4 24 | $-0.25 | $1.56 | ||
| Q3 24 | $-0.31 | $2.22 | ||
| Q2 24 | $-0.28 | $1.80 | ||
| Q1 24 | $-0.28 | $0.62 |
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 | $183.5M | $45.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $188.4M | $181.2M |
| 总资产 | $840.4M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 10.52× |
8季度趋势，按日历期对齐
| Q4 25 | $183.5M | $45.0M | ||
| Q3 25 | $184.1M | $52.6M | ||
| Q2 25 | $193.8M | $58.6M | ||
| Q1 25 | $184.7M | $40.1M | ||
| Q4 24 | $196.8M | $40.2M | ||
| Q3 24 | $219.4M | $58.6M | ||
| Q2 24 | $222.0M | $60.4M | ||
| Q1 24 | $236.7M | $42.1M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | $188.4M | $181.2M | ||
| Q3 25 | $224.6M | $149.8M | ||
| Q2 25 | $236.3M | $-26.2M | ||
| Q1 25 | $227.5M | $-63.9M | ||
| Q4 24 | $239.3M | $-45.3M | ||
| Q3 24 | $291.9M | $-96.2M | ||
| Q2 24 | $319.9M | $-146.8M | ||
| Q1 24 | $326.4M | $6.7M |
| Q4 25 | $840.4M | $2.9B | ||
| Q3 25 | $883.2M | $2.9B | ||
| Q2 25 | $877.1M | $2.7B | ||
| Q1 25 | $891.4M | $2.6B | ||
| Q4 24 | $874.2M | $2.5B | ||
| Q3 24 | $945.4M | $2.5B | ||
| Q2 24 | $978.2M | $2.5B | ||
| Q1 24 | $962.0M | $2.5B |
| Q4 25 | — | 10.52× | ||
| Q3 25 | — | 12.81× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 252.00× |
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 | $16.2M | $85.7M |
| 自由现金流经营现金流 - 资本支出 | $15.5M | $64.1M |
| 自由现金流率自由现金流/营收 | 7.7% | 16.4% |
| 资本支出强度资本支出/营收 | 0.3% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 1.35× |
| 过去12个月自由现金流最近4个季度 | $74.5M | $163.6M |
8季度趋势，按日历期对齐
| Q4 25 | $16.2M | $85.7M | ||
| Q3 25 | $39.8M | $68.7M | ||
| Q2 25 | $6.8M | $95.6M | ||
| Q1 25 | $15.9M | $20.5M | ||
| Q4 24 | $-14.9M | $82.9M | ||
| Q3 24 | $15.9M | $122.9M | ||
| Q2 24 | $-1.9M | $111.9M | ||
| Q1 24 | $-15.3M | $1.7M |
| Q4 25 | $15.5M | $64.1M | ||
| Q3 25 | $38.5M | $49.1M | ||
| Q2 25 | $6.1M | $65.4M | ||
| Q1 25 | $14.3M | $-15.0M | ||
| Q4 24 | $-16.3M | $57.4M | ||
| Q3 24 | $14.2M | $92.6M | ||
| Q2 24 | $-2.9M | $86.6M | ||
| Q1 24 | $-15.8M | $-23.8M |
| Q4 25 | 7.7% | 16.4% | ||
| Q3 25 | 19.6% | 11.0% | ||
| Q2 25 | 3.3% | 15.3% | ||
| Q1 25 | 7.6% | -4.5% | ||
| Q4 24 | -8.8% | 14.7% | ||
| Q3 24 | 7.9% | 21.6% | ||
| Q2 24 | -1.7% | 19.9% | ||
| Q1 24 | -9.3% | -7.2% |
| Q4 25 | 0.3% | 5.5% | ||
| Q3 25 | 0.7% | 4.4% | ||
| Q2 25 | 0.3% | 7.1% | ||
| Q1 25 | 0.8% | 10.7% | ||
| Q4 24 | 0.7% | 6.5% | ||
| Q3 24 | 0.9% | 7.1% | ||
| Q2 24 | 0.6% | 5.8% | ||
| Q1 24 | 0.3% | 7.7% |
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | 0.38× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.16× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 0.06× |
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
ASAN
| US | $118.5M | 59% |
| Non Us | $82.5M | 41% |
CHH
| Franchise And Management Fees | $157.3M | 40% |
| Revenue For Reimbursable Costs From Franchised And Managed Properties | $156.0M | 40% |
| Partnership Services And Fees | $32.5M | 8% |
| Owned Hotels | $30.1M | 8% |
| Other Revenue Topic606And Not Topic606 | $14.3M | 4% |
