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亚朵集团（ATAT）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
亚朵集团的季度营收约是Ryman Hospitality Properties, Inc.的1.1倍（$789.6M vs $737.8M），亚朵集团净利率更高（17.6% vs 10.1%，领先7.5%），亚朵集团同比增速更快（252.5% vs 13.9%），亚朵集团自由现金流更多（$210.7M vs $58.5M）
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。
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。
ATAT vs RHP — 直观对比
营收规模更大
ATAT
是对方的1.1倍
$737.8M
营收增速更快
ATAT
高出238.6%
13.9%
净利率更高
ATAT
高出7.5%
10.1%
自由现金流更多
ATAT
多$152.1M
$58.5M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $737.8M |
| 净利润 | $139.1M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 22.5% | 19.4% |
| 净利率 | 17.6% | 10.1% |
| 营收同比 | 252.5% | 13.9% |
| 净利润同比 | 322.2% | 3.0% |
| 每股收益（稀释后） | $0.33 | $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ATATRHP
| Q4 25 | — | $737.8M | ||
| Q3 25 | $789.6M | $592.5M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $587.3M | ||
| Q4 24 | — | $647.6M | ||
| Q3 24 | $224.0M | $550.0M | ||
| Q2 24 | — | $613.3M | ||
| Q1 24 | $203.4M | $528.3M |
净利润ATATRHP
| Q4 25 | — | $74.5M | ||
| Q3 25 | $139.1M | $34.9M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $72.3M | ||
| Q3 24 | $33.0M | $59.0M | ||
| Q2 24 | — | $100.8M | ||
| Q1 24 | $35.6M | $42.8M |
毛利率ATATRHP
| 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ATATRHP
| Q4 25 | — | 19.4% | ||
| Q3 25 | 22.5% | 15.0% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | 14.7% | 19.3% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | 22.1% | 18.2% |
净利率ATATRHP
| Q4 25 | — | 10.1% | ||
| Q3 25 | 17.6% | 5.9% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | 14.7% | 10.7% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | 17.5% | 8.1% |
每股收益（稀释后）ATATRHP
| Q4 25 | — | $1.12 | ||
| Q3 25 | $0.33 | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | $0.08 | $0.94 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | $0.09 | $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 | $669.2M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.0M | $750.2M |
| 总资产 | $1.1B | $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ATATRHP
| Q4 25 | — | $471.4M | ||
| Q3 25 | $669.2M | $483.3M | ||
| Q2 25 | — | $420.6M | ||
| Q1 25 | — | $413.9M | ||
| Q4 24 | — | $477.7M | ||
| Q3 24 | $506.0M | $534.9M | ||
| Q2 24 | — | $498.4M | ||
| Q1 24 | $520.7M | $465.3M |
总债务ATATRHP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $277.0K | — |
股东权益ATATRHP
| Q4 25 | — | $750.2M | ||
| Q3 25 | $405.0M | $758.5M | ||
| Q2 25 | — | $800.4M | ||
| Q1 25 | — | $531.5M | ||
| Q4 24 | — | $549.0M | ||
| Q3 24 | $291.3M | $551.9M | ||
| Q2 24 | — | $562.6M | ||
| Q1 24 | $323.5M | $529.9M |
总资产ATATRHP
| Q4 25 | — | $6.2B | ||
| Q3 25 | $1.1B | $6.2B | ||
| Q2 25 | — | $6.1B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $927.8M | $5.2B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | $936.3M | $5.1B |
负债/权益比ATATRHP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — |
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 | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $58.5M |
| 自由现金流率自由现金流/营收 | 26.7% | 7.9% |
| 资本支出强度资本支出/营收 | 0.8% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.56× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $359.6M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ATATRHP
| Q4 25 | — | $164.7M | ||
| Q3 25 | $216.6M | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $98.2M | ||
| Q4 24 | — | $166.6M | ||
| Q3 24 | $84.8M | $218.1M | ||
| Q2 24 | — | $184.3M | ||
| Q1 24 | $19.8M | $7.5M |
自由现金流ATATRHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | $210.7M | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | $83.3M | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | $18.1M | $-72.0M |
自由现金流率ATATRHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | 26.7% | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 37.2% | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | 8.9% | -13.6% |
资本支出强度ATATRHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | 0.8% | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | 0.7% | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | 0.9% | 15.0% |
现金转化率ATATRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | 1.56× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 2.57× | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | 0.56× | 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
ATAT
暂无分部数据
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% |
