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Astrana Health, Inc.（ASTH）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
Astrana Health, Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.3倍（$950.5M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 0.7%，领先9.4%），Astrana Health, Inc.同比增速更快（42.9% vs 13.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 18.2%）
Astrana Health是一家总部位于美国的价值导向型医疗服务提供商，主要服务全美符合联邦医保资格的老年群体，提供上门初级护理、慢性病管理及护理协调服务，致力于提升患者健康水平、降低不必要的医疗支出。
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。
ASTH vs RHP — 直观对比
营收规模更大
ASTH
是对方的1.3倍
$737.8M
营收增速更快
ASTH
高出29.0%
13.9%
净利率更高
RHP
高出9.4%
0.7%
自由现金流更多
RHP
多$64.5M
$-6.0M
两年增速更快
ASTH
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $737.8M |
| 净利润 | $6.6M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 1.9% | 19.4% |
| 净利率 | 0.7% | 10.1% |
| 营收同比 | 42.9% | 13.9% |
| 净利润同比 | 184.4% | 3.0% |
| 每股收益（稀释后） | $0.12 | $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ASTHRHP
| Q4 25 | $950.5M | $737.8M | ||
| Q3 25 | $956.0M | $592.5M | ||
| Q2 25 | $654.8M | $659.5M | ||
| Q1 25 | $620.4M | $587.3M | ||
| Q4 24 | $665.2M | $647.6M | ||
| Q3 24 | $478.7M | $550.0M | ||
| Q2 24 | $486.3M | $613.3M | ||
| Q1 24 | $404.4M | $528.3M |
净利润ASTHRHP
| Q4 25 | $6.6M | $74.5M | ||
| Q3 25 | $373.0K | $34.9M | ||
| Q2 25 | $9.4M | $71.8M | ||
| Q1 25 | $6.7M | $63.0M | ||
| Q4 24 | $-7.8M | $72.3M | ||
| Q3 24 | $16.1M | $59.0M | ||
| Q2 24 | $19.2M | $100.8M | ||
| Q1 24 | $14.8M | $42.8M |
毛利率ASTHRHP
| 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 24 | — | 41.5% |
营业利润率ASTHRHP
| Q4 25 | 1.9% | 19.4% | ||
| Q3 25 | 2.0% | 15.0% | ||
| Q2 25 | 3.1% | 21.1% | ||
| Q1 25 | 3.3% | 19.8% | ||
| Q4 24 | 0.1% | 18.6% | ||
| Q3 24 | 5.9% | 19.3% | ||
| Q2 24 | 6.2% | 27.4% | ||
| Q1 24 | 7.5% | 18.2% |
净利率ASTHRHP
| Q4 25 | 0.7% | 10.1% | ||
| Q3 25 | 0.0% | 5.9% | ||
| Q2 25 | 1.4% | 10.9% | ||
| Q1 25 | 1.1% | 10.7% | ||
| Q4 24 | -1.2% | 11.2% | ||
| Q3 24 | 3.4% | 10.7% | ||
| Q2 24 | 3.9% | 16.4% | ||
| Q1 24 | 3.7% | 8.1% |
每股收益（稀释后）ASTHRHP
| Q4 25 | $0.12 | $1.12 | ||
| Q3 25 | $0.01 | $0.53 | ||
| Q2 25 | $0.19 | $1.12 | ||
| Q1 25 | $0.14 | $1.00 | ||
| Q4 24 | $-0.14 | $1.12 | ||
| Q3 24 | $0.33 | $0.94 | ||
| Q2 24 | $0.40 | $1.65 | ||
| Q1 24 | $0.31 | $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 | $429.5M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $779.3M | $750.2M |
| 总资产 | $2.2B | $6.2B |
| 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ASTHRHP
| Q4 25 | $429.5M | $471.4M | ||
| Q3 25 | $463.4M | $483.3M | ||
| Q2 25 | $342.1M | $420.6M | ||
| Q1 25 | $260.9M | $413.9M | ||
| Q4 24 | $290.8M | $477.7M | ||
| Q3 24 | $350.3M | $534.9M | ||
| Q2 24 | $327.7M | $498.4M | ||
| Q1 24 | $337.3M | $465.3M |
股东权益ASTHRHP
| Q4 25 | $779.3M | $750.2M | ||
| Q3 25 | $775.5M | $758.5M | ||
| Q2 25 | $765.5M | $800.4M | ||
| Q1 25 | $745.4M | $531.5M | ||
| Q4 24 | $712.7M | $549.0M | ||
| Q3 24 | $704.6M | $551.9M | ||
| Q2 24 | $678.9M | $562.6M | ||
| Q1 24 | $653.5M | $529.9M |
总资产ASTHRHP
| Q4 25 | $2.2B | $6.2B | ||
| Q3 25 | $2.2B | $6.2B | ||
| Q2 25 | $1.4B | $6.1B | ||
| Q1 25 | $1.3B | $5.2B | ||
| Q4 24 | $1.4B | $5.2B | ||
| Q3 24 | $1.3B | $5.2B | ||
| Q2 24 | $1.3B | $5.1B | ||
| Q1 24 | $1.2B | $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 | $-2.9M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $58.5M |
| 自由现金流率自由现金流/营收 | -0.6% | 7.9% |
| 资本支出强度资本支出/营收 | 0.3% | 14.4% |
| 现金转化率经营现金流/净利润 | -0.44× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $104.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ASTHRHP
| Q4 25 | $-2.9M | $164.7M | ||
| Q3 25 | $10.0M | $205.2M | ||
| Q2 25 | $90.9M | $122.5M | ||
| Q1 25 | $16.6M | $98.2M | ||
| Q4 24 | $-10.9M | $166.6M | ||
| Q3 24 | $34.0M | $218.1M | ||
| Q2 24 | $23.2M | $184.3M | ||
| Q1 24 | $6.0M | $7.5M |
自由现金流ASTHRHP
| Q4 25 | $-6.0M | $58.5M | ||
| Q3 25 | $7.4M | $135.4M | ||
| Q2 25 | $89.5M | $53.0M | ||
| Q1 25 | $13.6M | $-14.5M | ||
| Q4 24 | $-13.5M | $76.0M | ||
| Q3 24 | $31.7M | $85.7M | ||
| Q2 24 | $20.4M | $78.8M | ||
| Q1 24 | $5.6M | $-72.0M |
自由现金流率ASTHRHP
| Q4 25 | -0.6% | 7.9% | ||
| Q3 25 | 0.8% | 22.9% | ||
| Q2 25 | 13.7% | 8.0% | ||
| Q1 25 | 2.2% | -2.5% | ||
| Q4 24 | -2.0% | 11.7% | ||
| Q3 24 | 6.6% | 15.6% | ||
| Q2 24 | 4.2% | 12.9% | ||
| Q1 24 | 1.4% | -13.6% |
资本支出强度ASTHRHP
| Q4 25 | 0.3% | 14.4% | ||
| Q3 25 | 0.3% | 11.8% | ||
| Q2 25 | 0.2% | 10.5% | ||
| Q1 25 | 0.5% | 19.2% | ||
| Q4 24 | 0.4% | 14.0% | ||
| Q3 24 | 0.5% | 24.1% | ||
| Q2 24 | 0.6% | 17.2% | ||
| Q1 24 | 0.1% | 15.0% |
现金转化率ASTHRHP
| Q4 25 | -0.44× | 2.21× | ||
| Q3 25 | 26.69× | 5.88× | ||
| Q2 25 | 9.65× | 1.71× | ||
| Q1 25 | 2.48× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 2.11× | 3.70× | ||
| Q2 24 | 1.21× | 1.83× | ||
| Q1 24 | 0.40× | 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
ASTH
| Medicare | $542.4M | 57% |
| Commercial | $99.1M | 10% |
| Care Delivery | $92.1M | 10% |
| Care Enablement | $78.9M | 8% |
| Other Third Parties | $58.0M | 6% |
| Health Care Patient Service | $39.8M | 4% |
| Health Care Other | $25.5M | 3% |
| Other | $12.1M | 1% |
| Management Service | $10.3M | 1% |
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% |
