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亚什兰（ASH）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.的季度营收约是亚什兰的1.9倍（$737.8M vs $386.0M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -3.1%，领先13.2%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -4.7%），亚什兰自由现金流更多（$111.0M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -18.1%）
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
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。
ASH vs RHP — 直观对比
营收规模更大
RHP
是对方的1.9倍
$386.0M
营收增速更快
RHP
高出18.6%
-4.7%
净利率更高
RHP
高出13.2%
-3.1%
自由现金流更多
ASH
多$52.5M
$58.5M
两年增速更快
RHP
近两年复合增速
-18.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.0M | $737.8M |
| 净利润 | $-12.0M | $74.5M |
| 毛利率 | 27.2% | 41.4% |
| 营业利润率 | -1.6% | 19.4% |
| 净利率 | -3.1% | 10.1% |
| 营收同比 | -4.7% | 13.9% |
| 净利润同比 | 92.7% | 3.0% |
| 每股收益（稀释后） | $-0.26 | $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ASHRHP
| Q4 25 | $386.0M | $737.8M | ||
| Q3 25 | $477.0M | $592.5M | ||
| Q2 25 | $463.0M | $659.5M | ||
| Q1 25 | $479.0M | $587.3M | ||
| Q4 24 | $405.0M | $647.6M | ||
| Q3 24 | $521.0M | $550.0M | ||
| Q2 24 | $544.0M | $613.3M | ||
| Q1 24 | $575.0M | $528.3M |
净利润ASHRHP
| Q4 25 | $-12.0M | $74.5M | ||
| Q3 25 | $31.0M | $34.9M | ||
| Q2 25 | $-742.0M | $71.8M | ||
| Q1 25 | $31.0M | $63.0M | ||
| Q4 24 | $-165.0M | $72.3M | ||
| Q3 24 | $17.0M | $59.0M | ||
| Q2 24 | $6.0M | $100.8M | ||
| Q1 24 | $120.0M | $42.8M |
毛利率ASHRHP
| Q4 25 | 27.2% | 41.4% | ||
| Q3 25 | 33.3% | 40.9% | ||
| Q2 25 | 28.5% | 49.7% | ||
| Q1 25 | 30.7% | 44.4% | ||
| Q4 24 | 27.4% | 40.4% | ||
| Q3 24 | 33.2% | 43.1% | ||
| Q2 24 | 34.2% | 48.4% | ||
| Q1 24 | 28.0% | 41.5% |
营业利润率ASHRHP
| Q4 25 | -1.6% | 19.4% | ||
| Q3 25 | 12.8% | 15.0% | ||
| Q2 25 | -152.9% | 21.1% | ||
| Q1 25 | 10.6% | 19.8% | ||
| Q4 24 | -44.2% | 18.6% | ||
| Q3 24 | 6.1% | 19.3% | ||
| Q2 24 | -11.2% | 27.4% | ||
| Q1 24 | 3.7% | 18.2% |
净利率ASHRHP
| Q4 25 | -3.1% | 10.1% | ||
| Q3 25 | 6.5% | 5.9% | ||
| Q2 25 | -160.3% | 10.9% | ||
| Q1 25 | 6.5% | 10.7% | ||
| Q4 24 | -40.7% | 11.2% | ||
| Q3 24 | 3.3% | 10.7% | ||
| Q2 24 | 1.1% | 16.4% | ||
| Q1 24 | 20.9% | 8.1% |
每股收益（稀释后）ASHRHP
| Q4 25 | $-0.26 | $1.12 | ||
| Q3 25 | $0.83 | $0.53 | ||
| Q2 25 | $-16.21 | $1.12 | ||
| Q1 25 | $0.65 | $1.00 | ||
| Q4 24 | $-3.50 | $1.12 | ||
| Q3 24 | $0.34 | $0.94 | ||
| Q2 24 | $0.12 | $1.65 | ||
| Q1 24 | $2.39 | $0.67 |
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 | $304.0M | $471.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.9B | $750.2M |
| 总资产 | $4.5B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.74× | — |
8季度趋势，按日历期对齐
现金及短期投资ASHRHP
| Q4 25 | $304.0M | $471.4M | ||
| Q3 25 | $215.0M | $483.3M | ||
| Q2 25 | $207.0M | $420.6M | ||
| Q1 25 | $168.0M | $413.9M | ||
| Q4 24 | $219.0M | $477.7M | ||
| Q3 24 | $300.0M | $534.9M | ||
| Q2 24 | $399.0M | $498.4M | ||
| Q1 24 | $439.0M | $465.3M |
总债务ASHRHP
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.3B | — |
股东权益ASHRHP
| Q4 25 | $1.9B | $750.2M | ||
| Q3 25 | $1.9B | $758.5M | ||
| Q2 25 | $1.9B | $800.4M | ||
| Q1 25 | $2.6B | $531.5M | ||
| Q4 24 | $2.6B | $549.0M | ||
| Q3 24 | $2.9B | $551.9M | ||
| Q2 24 | $3.0B | $562.6M | ||
| Q1 24 | $3.1B | $529.9M |
总资产ASHRHP
| Q4 25 | $4.5B | $6.2B | ||
| Q3 25 | $4.6B | $6.2B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | $5.2B | $5.2B | ||
| Q4 24 | $5.2B | $5.2B | ||
| Q3 24 | $5.6B | $5.2B | ||
| Q2 24 | $5.7B | $5.1B | ||
| Q1 24 | $5.9B | $5.1B |
负债/权益比ASHRHP
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.52× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.42× | — |
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 | $125.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $111.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 28.8% | 7.9% |
| 资本支出强度资本支出/营收 | 3.6% | 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 | $200.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ASHRHP
| Q4 25 | $125.0M | $164.7M | ||
| Q3 25 | $40.0M | $205.2M | ||
| Q2 25 | $115.0M | $122.5M | ||
| Q1 25 | $9.0M | $98.2M | ||
| Q4 24 | $-30.0M | $166.6M | ||
| Q3 24 | $80.0M | $218.1M | ||
| Q2 24 | $127.0M | $184.3M | ||
| Q1 24 | $54.0M | $7.5M |
自由现金流ASHRHP
| Q4 25 | $111.0M | $58.5M | ||
| Q3 25 | $6.0M | $135.4M | ||
| Q2 25 | $95.0M | $53.0M | ||
| Q1 25 | $-12.0M | $-14.5M | ||
| Q4 24 | $-53.0M | $76.0M | ||
| Q3 24 | $42.0M | $85.7M | ||
| Q2 24 | $98.0M | $78.8M | ||
| Q1 24 | $20.0M | $-72.0M |
自由现金流率ASHRHP
| Q4 25 | 28.8% | 7.9% | ||
| Q3 25 | 1.3% | 22.9% | ||
| Q2 25 | 20.5% | 8.0% | ||
| Q1 25 | -2.5% | -2.5% | ||
| Q4 24 | -13.1% | 11.7% | ||
| Q3 24 | 8.1% | 15.6% | ||
| Q2 24 | 18.0% | 12.9% | ||
| Q1 24 | 3.5% | -13.6% |
资本支出强度ASHRHP
| Q4 25 | 3.6% | 14.4% | ||
| Q3 25 | 7.1% | 11.8% | ||
| Q2 25 | 4.3% | 10.5% | ||
| Q1 25 | 4.4% | 19.2% | ||
| Q4 24 | 5.7% | 14.0% | ||
| Q3 24 | 7.3% | 24.1% | ||
| Q2 24 | 5.3% | 17.2% | ||
| Q1 24 | 5.9% | 15.0% |
现金转化率ASHRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | 1.29× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | 0.29× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 4.71× | 3.70× | ||
| Q2 24 | 21.17× | 1.83× | ||
| Q1 24 | 0.45× | 0.17× |
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
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
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% |
