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亚朵集团（ATAT）与Park Hotels & Resorts Inc.（PK）财务数据对比。点击上方公司名可切换其他公司
亚朵集团的季度营收约是Park Hotels & Resorts Inc.的1.3倍（$789.6M vs $629.0M）。亚朵集团净利率更高（17.6% vs -32.6%，领先50.2%）。亚朵集团同比增速更快（252.5% vs 0.6%）。亚朵集团自由现金流更多（$210.7M vs $-3.0M）
亚朵生活控股是中国领先的文旅生活服务企业，主营中高端连锁酒店运营业务，面向商旅及休闲出行人群提供高品质住宿服务，同时配套布局生活文创零售、场景体验等多元业务，覆盖国内核心城市及部分海外市场。
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
ATAT vs PK — 直观对比
营收规模更大
ATAT
是对方的1.3倍
$629.0M
营收增速更快
ATAT
高出251.9%
0.6%
净利率更高
ATAT
高出50.2%
-32.6%
自由现金流更多
ATAT
多$213.7M
$-3.0M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $629.0M |
| 净利润 | $139.1M | $-205.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.5% | -26.1% |
| 净利率 | 17.6% | -32.6% |
| 营收同比 | 252.5% | 0.6% |
| 净利润同比 | 322.2% | -410.6% |
| 每股收益（稀释后） | $0.33 | $-1.04 |
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ATATPK
| Q4 25 | — | $629.0M | ||
| Q3 25 | $789.6M | $610.0M | ||
| Q2 25 | — | $672.0M | ||
| Q1 25 | — | $630.0M | ||
| Q4 24 | — | $625.0M | ||
| Q3 24 | $224.0M | $649.0M | ||
| Q2 24 | — | $686.0M | ||
| Q1 24 | $203.4M | $639.0M |
净利润ATATPK
| Q4 25 | — | $-205.0M | ||
| Q3 25 | $139.1M | $-16.0M | ||
| Q2 25 | — | $-5.0M | ||
| Q1 25 | — | $-57.0M | ||
| Q4 24 | — | $66.0M | ||
| Q3 24 | $33.0M | $54.0M | ||
| Q2 24 | — | $64.0M | ||
| Q1 24 | $35.6M | $28.0M |
营业利润率ATATPK
| Q4 25 | — | -26.1% | ||
| Q3 25 | 22.5% | 9.7% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | 14.7% | 14.6% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | 22.1% | 14.4% |
净利率ATATPK
| Q4 25 | — | -32.6% | ||
| Q3 25 | 17.6% | -2.6% | ||
| Q2 25 | — | -0.7% | ||
| Q1 25 | — | -9.0% | ||
| Q4 24 | — | 10.6% | ||
| Q3 24 | 14.7% | 8.3% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | 17.5% | 4.4% |
每股收益（稀释后）ATATPK
| Q4 25 | — | $-1.04 | ||
| Q3 25 | $0.33 | $-0.08 | ||
| Q2 25 | — | $-0.02 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | $0.08 | $0.26 | ||
| Q2 24 | — | $0.30 | ||
| Q1 24 | $0.09 | $0.13 |
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 | $669.2M | $232.0M |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $405.0M | $3.1B |
| 总资产 | $1.1B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资ATATPK
| Q4 25 | — | $232.0M | ||
| Q3 25 | $669.2M | $278.0M | ||
| Q2 25 | — | $319.0M | ||
| Q1 25 | — | $233.0M | ||
| Q4 24 | — | $402.0M | ||
| Q3 24 | $506.0M | $480.0M | ||
| Q2 24 | — | $449.0M | ||
| Q1 24 | $520.7M | $378.0M |
总债务ATATPK
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | $277.0K | $3.8B |
股东权益ATATPK
| Q4 25 | — | $3.1B | ||
| Q3 25 | $405.0M | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.6B | ||
| Q3 24 | $291.3M | $3.8B | ||
| Q2 24 | — | $3.8B | ||
| Q1 24 | $323.5M | $3.8B |
总资产ATATPK
| Q4 25 | — | $7.7B | ||
| Q3 25 | $1.1B | $8.8B | ||
| Q2 25 | — | $8.9B | ||
| Q1 25 | — | $8.9B | ||
| Q4 24 | — | $9.2B | ||
| Q3 24 | $927.8M | $9.2B | ||
| Q2 24 | — | $9.2B | ||
| Q1 24 | $936.3M | $9.1B |
负债/权益比ATATPK
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | 0.00× | 1.00× |
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 | $216.6M | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $-3.0M |
| 自由现金流率自由现金流/营收 | 26.7% | -0.5% |
| 资本支出强度资本支出/营收 | 0.8% | 17.2% |
| 现金转化率经营现金流/净利润 | 1.56× | — |
| 过去12个月自由现金流最近4个季度 | $359.6M | $102.0M |
8季度趋势，按日历期对齐
经营现金流ATATPK
| Q4 25 | — | $105.0M | ||
| Q3 25 | $216.6M | $99.0M | ||
| Q2 25 | — | $108.0M | ||
| Q1 25 | — | $86.0M | ||
| Q4 24 | — | $80.0M | ||
| Q3 24 | $84.8M | $140.0M | ||
| Q2 24 | — | $117.0M | ||
| Q1 24 | $19.8M | $92.0M |
自由现金流ATATPK
| Q4 25 | — | $-3.0M | ||
| Q3 25 | $210.7M | $31.0M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $17.0M | ||
| Q3 24 | $83.3M | $97.0M | ||
| Q2 24 | — | $66.0M | ||
| Q1 24 | $18.1M | $22.0M |
自由现金流率ATATPK
| Q4 25 | — | -0.5% | ||
| Q3 25 | 26.7% | 5.1% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 37.2% | 14.9% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | 8.9% | 3.4% |
资本支出强度ATATPK
| Q4 25 | — | 17.2% | ||
| Q3 25 | 0.8% | 11.1% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 0.7% | 6.6% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | 0.9% | 11.0% |
现金转化率ATATPK
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | 2.57× | 2.59× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | 0.56× | 3.29× |
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
ATAT
暂无分部数据
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
