vs
亚朵集团（ATAT）与Travel & Leisure Co.（TNL）财务数据对比。点击上方公司名可切换其他公司
Travel & Leisure Co.的季度营收约是亚朵集团的1.2倍（$961.0M vs $789.6M）。亚朵集团净利率更高（17.6% vs 8.2%，领先9.4%）。亚朵集团同比增速更快（252.5% vs 2.9%）。亚朵集团自由现金流更多（$210.7M vs $0）
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。
Travel + Leisure Co.是一家总部位于美国佛罗里达州奥兰多的分时度假企业，旗下运营温德姆俱乐部、温德姆WorldMark、玛格丽塔维尔度假俱乐部、雅高度假俱乐部等多个度假所有权品牌，开发、销售并管理分时度假物业，同时主要通过RCI提供分时度假交换服务，还运营Travel + Leisure GO等旅行俱乐部。
ATAT vs TNL — 直观对比
营收规模更大
TNL
是对方的1.2倍
$789.6M
营收增速更快
ATAT
高出249.7%
2.9%
净利率更高
ATAT
高出9.4%
8.2%
自由现金流更多
ATAT
多$210.7M
$0
损益表 — Q3 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $961.0M |
| 净利润 | $139.1M | $79.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.5% | 16.5% |
| 净利率 | 17.6% | 8.2% |
| 营收同比 | 252.5% | 2.9% |
| 净利润同比 | 322.2% | 8.2% |
| 每股收益（稀释后） | $0.33 | $1.22 |
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ATATTNL
| Q1 26 | — | $961.0M | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $789.6M | $1.0B | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $934.0M | ||
| Q4 24 | — | $970.0M | ||
| Q3 24 | $224.0M | $993.0M | ||
| Q2 24 | — | $985.0M |
净利润ATATTNL
| Q1 26 | — | $79.0M | ||
| Q4 25 | — | $-62.0M | ||
| Q3 25 | $139.1M | $111.0M | ||
| Q2 25 | — | $108.0M | ||
| Q1 25 | — | $73.0M | ||
| Q4 24 | — | $119.0M | ||
| Q3 24 | $33.0M | $97.0M | ||
| Q2 24 | — | $129.0M |
毛利率ATATTNL
| Q1 26 | — | — | ||
| Q4 25 | — | 78.9% | ||
| Q3 25 | — | 98.8% | ||
| Q2 25 | — | 97.9% | ||
| Q1 25 | — | 97.5% | ||
| Q4 24 | — | 99.0% | ||
| Q3 24 | — | 97.3% | ||
| Q2 24 | — | 97.9% |
营业利润率ATATTNL
| Q1 26 | — | 16.5% | ||
| Q4 25 | — | -2.2% | ||
| Q3 25 | 22.5% | 20.5% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | 14.7% | 19.0% | ||
| Q2 24 | — | 19.2% |
净利率ATATTNL
| Q1 26 | — | 8.2% | ||
| Q4 25 | — | -6.0% | ||
| Q3 25 | 17.6% | 10.6% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 7.8% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | 14.7% | 9.8% | ||
| Q2 24 | — | 13.1% |
每股收益（稀释后）ATATTNL
| Q1 26 | — | $1.22 | ||
| Q4 25 | — | $-0.92 | ||
| Q3 25 | $0.33 | $1.67 | ||
| Q2 25 | — | $1.62 | ||
| Q1 25 | — | $1.07 | ||
| Q4 24 | — | $1.70 | ||
| Q3 24 | $0.08 | $1.39 | ||
| Q2 24 | — | $1.81 |
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 | $254.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $405.0M | — |
| 总资产 | $1.1B | $6.8B |
| 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ATATTNL
| Q1 26 | — | $254.0M | ||
| Q4 25 | — | $271.0M | ||
| Q3 25 | $669.2M | $240.0M | ||
| Q2 25 | — | $212.0M | ||
| Q1 25 | — | $188.0M | ||
| Q4 24 | — | $185.0M | ||
| Q3 24 | $506.0M | $194.0M | ||
| Q2 24 | — | $166.0M |
总债务ATATTNL
| Q1 26 | — | — | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.7B | ||
| Q4 24 | — | $5.6B | ||
| Q3 24 | — | $5.6B | ||
| Q2 24 | — | $5.6B |
股东权益ATATTNL
| Q1 26 | — | — | ||
| Q4 25 | — | $-981.0M | ||
| Q3 25 | $405.0M | $-821.0M | ||
| Q2 25 | — | $-852.0M | ||
| Q1 25 | — | $-903.0M | ||
| Q4 24 | — | $-881.0M | ||
| Q3 24 | $291.3M | $-862.0M | ||
| Q2 24 | — | $-885.0M |
总资产ATATTNL
| Q1 26 | — | $6.8B | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | $1.1B | $6.9B | ||
| Q2 25 | — | $6.8B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $927.8M | $6.7B | ||
| Q2 24 | — | $6.7B |
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 | $38.0M |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $0 |
| 自由现金流率自由现金流/营收 | 26.7% | 0.0% |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 1.56× | 0.48× |
| 过去12个月自由现金流最近4个季度 | $359.6M | $423.0M |
8季度趋势，按日历期对齐
经营现金流ATATTNL
| Q1 26 | — | $38.0M | ||
| Q4 25 | — | $124.0M | ||
| Q3 25 | $216.6M | $163.0M | ||
| Q2 25 | — | $232.0M | ||
| Q1 25 | — | $121.0M | ||
| Q4 24 | — | $98.0M | ||
| Q3 24 | $84.8M | $145.0M | ||
| Q2 24 | — | $174.0M |
自由现金流ATATTNL
| Q1 26 | — | $0 | ||
| Q4 25 | — | $92.0M | ||
| Q3 25 | $210.7M | $136.0M | ||
| Q2 25 | — | $195.0M | ||
| Q1 25 | — | $100.0M | ||
| Q4 24 | — | $75.0M | ||
| Q3 24 | $83.3M | $125.0M | ||
| Q2 24 | — | $153.0M |
自由现金流率ATATTNL
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 9.0% | ||
| Q3 25 | 26.7% | 13.0% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 37.2% | 12.6% | ||
| Q2 24 | — | 15.5% |
资本支出强度ATATTNL
| Q1 26 | — | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | 0.8% | 2.6% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | — | 2.1% |
现金转化率ATATTNL
| Q1 26 | — | 0.48× | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | 1.47× | ||
| Q2 25 | — | 2.15× | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | 2.57× | 1.49× | ||
| Q2 24 | — | 1.35× |
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
TNL
| Other | $452.0M | 47% |
| Service and membership fees | $396.0M | 41% |
| Consumer financing | $113.0M | 12% |
