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亚朵集团（ATAT）与温德姆酒店及度假村集团（WH）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温德姆酒店及度假村集团的2.4倍（$789.6M vs $334.0M）。亚朵集团净利率更高（17.6% vs -18.0%，领先35.6%）。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 $136.0M）
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。
温德姆酒店及度假村集团是总部位于美国新泽西州帕西帕尼的酒店企业，自称是全球规模最大的酒店特许经营商，在全球范围内共设有9100家门店，旗下拥有多个酒店及度假住宿品牌，服务全球各地的出行旅客。
ATAT vs WH — 直观对比
营收规模更大
ATAT
是对方的2.4倍
$334.0M
营收增速更快
ATAT
高出253.1%
-0.6%
净利率更高
ATAT
高出35.6%
-18.0%
自由现金流更多
ATAT
多$74.7M
$136.0M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $789.6M | $334.0M |
| 净利润 | $139.1M | $-60.0M |
| 毛利率 | — | — |
| 营业利润率 | 22.5% | -11.4% |
| 净利率 | 17.6% | -18.0% |
| 营收同比 | 252.5% | -0.6% |
| 净利润同比 | 322.2% | -170.6% |
| 每股收益（稀释后） | $0.33 | $-0.77 |
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ATATWH
| Q4 25 | — | $334.0M | ||
| Q3 25 | $789.6M | $382.0M | ||
| Q2 25 | — | $397.0M | ||
| Q1 25 | — | $316.0M | ||
| Q4 24 | — | $336.0M | ||
| Q3 24 | $224.0M | $396.0M | ||
| Q2 24 | — | $367.0M | ||
| Q1 24 | $203.4M | $305.0M |
净利润ATATWH
| Q4 25 | — | $-60.0M | ||
| Q3 25 | $139.1M | $105.0M | ||
| Q2 25 | — | $87.0M | ||
| Q1 25 | — | $61.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | $33.0M | $102.0M | ||
| Q2 24 | — | $86.0M | ||
| Q1 24 | $35.6M | $16.0M |
营业利润率ATATWH
| Q4 25 | — | -11.4% | ||
| Q3 25 | 22.5% | 46.6% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | 14.7% | 43.2% | ||
| Q2 24 | — | 39.5% | ||
| Q1 24 | 22.1% | 16.4% |
净利率ATATWH
| Q4 25 | — | -18.0% | ||
| Q3 25 | 17.6% | 27.5% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 14.7% | 25.8% | ||
| Q2 24 | — | 23.4% | ||
| Q1 24 | 17.5% | 5.2% |
每股收益（稀释后）ATATWH
| Q4 25 | — | $-0.77 | ||
| Q3 25 | $0.33 | $1.36 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | — | $1.06 | ||
| Q3 24 | $0.08 | $1.29 | ||
| Q2 24 | — | $1.07 | ||
| Q1 24 | $0.09 | $0.19 |
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 | $64.0M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $405.0M | $468.0M |
| 总资产 | $1.1B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 5.37× |
8季度趋势，按日历期对齐
现金及短期投资ATATWH
| Q4 25 | — | $64.0M | ||
| Q3 25 | $669.2M | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | $506.0M | $72.0M | ||
| Q2 24 | — | $70.0M | ||
| Q1 24 | $520.7M | $50.0M |
总债务ATATWH
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $277.0K | $2.2B |
股东权益ATATWH
| Q4 25 | — | $468.0M | ||
| Q3 25 | $405.0M | $583.0M | ||
| Q2 25 | — | $570.0M | ||
| Q1 25 | — | $579.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | $291.3M | $583.0M | ||
| Q2 24 | — | $623.0M | ||
| Q1 24 | $323.5M | $674.0M |
总资产ATATWH
| Q4 25 | — | $4.2B | ||
| Q3 25 | $1.1B | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $927.8M | $4.2B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | $936.3M | $4.1B |
负债/权益比ATATWH
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× | ||
| Q1 24 | 0.00× | 3.27× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | $210.7M | $136.0M |
| 自由现金流率自由现金流/营收 | 26.7% | 40.7% |
| 资本支出强度资本支出/营收 | 0.8% | 4.8% |
| 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 | $321.0M |
8季度趋势，按日历期对齐
经营现金流ATATWH
| Q4 25 | — | $152.0M | ||
| Q3 25 | $216.6M | $86.0M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | $84.8M | $79.0M | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | $19.8M | $76.0M |
自由现金流ATATWH
| Q4 25 | — | $136.0M | ||
| Q3 25 | $210.7M | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | $83.3M | $71.0M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | $18.1M | $67.0M |
自由现金流率ATATWH
| Q4 25 | — | 40.7% | ||
| Q3 25 | 26.7% | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | 37.2% | 17.9% | ||
| Q2 24 | — | -1.6% | ||
| Q1 24 | 8.9% | 22.0% |
资本支出强度ATATWH
| Q4 25 | — | 4.8% | ||
| Q3 25 | 0.8% | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | 0.9% | 3.0% |
现金转化率ATATWH
| Q4 25 | — | — | ||
| Q3 25 | 1.56× | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 2.57× | 0.77× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | 0.56× | 4.75× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
