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Atmos Energy（ATO）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
Atmos Energy的季度营收约是Ryman Hospitality Properties, Inc.的1.8倍（$1.3B vs $737.8M），Atmos Energy净利率更高（30.0% vs 10.1%，领先19.9%），Atmos Energy同比增速更快（14.2% vs 13.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $-725.3M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -9.7%）
Atmos Energy总部位于美国得克萨斯州达拉斯，是美国规模最大的纯天然气分销商之一，业务覆盖美国9个州的1400多个社区，为东起蓝岭山脉、西至落基山脉区域内的约300万天然气用户提供服务。
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。
ATO vs RHP — 直观对比
营收规模更大
ATO
是对方的1.8倍
$737.8M
营收增速更快
ATO
高出0.2%
13.9%
净利率更高
ATO
高出19.9%
10.1%
自由现金流更多
RHP
多$783.8M
$-725.3M
两年增速更快
RHP
近两年复合增速
-9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $737.8M |
| 净利润 | $403.0M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 38.3% | 19.4% |
| 净利率 | 30.0% | 10.1% |
| 营收同比 | 14.2% | 13.9% |
| 净利润同比 | 14.5% | 3.0% |
| 每股收益（稀释后） | $2.44 | $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ATORHP
| Q4 25 | $1.3B | $737.8M | ||
| Q3 25 | $737.5M | $592.5M | ||
| Q2 25 | $838.8M | $659.5M | ||
| Q1 25 | $2.0B | $587.3M | ||
| Q4 24 | $1.2B | $647.6M | ||
| Q3 24 | $657.9M | $550.0M | ||
| Q2 24 | $701.5M | $613.3M | ||
| Q1 24 | $1.6B | $528.3M |
净利润ATORHP
| Q4 25 | $403.0M | $74.5M | ||
| Q3 25 | $174.9M | $34.9M | ||
| Q2 25 | $186.4M | $71.8M | ||
| Q1 25 | $485.6M | $63.0M | ||
| Q4 24 | $351.9M | $72.3M | ||
| Q3 24 | $134.0M | $59.0M | ||
| Q2 24 | $165.6M | $100.8M | ||
| Q1 24 | $432.0M | $42.8M |
毛利率ATORHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | 60.0% | 44.4% | ||
| Q4 24 | 80.1% | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | 62.1% | 41.5% |
营业利润率ATORHP
| Q4 25 | 38.3% | 19.4% | ||
| Q3 25 | 29.8% | 15.0% | ||
| Q2 25 | 30.1% | 21.1% | ||
| Q1 25 | 32.2% | 19.8% | ||
| Q4 24 | 39.1% | 18.6% | ||
| Q3 24 | 28.1% | 19.3% | ||
| Q2 24 | 31.4% | 27.4% | ||
| Q1 24 | 33.4% | 18.2% |
净利率ATORHP
| Q4 25 | 30.0% | 10.1% | ||
| Q3 25 | 23.7% | 5.9% | ||
| Q2 25 | 22.2% | 10.9% | ||
| Q1 25 | 24.9% | 10.7% | ||
| Q4 24 | 29.9% | 11.2% | ||
| Q3 24 | 20.4% | 10.7% | ||
| Q2 24 | 23.6% | 16.4% | ||
| Q1 24 | 26.2% | 8.1% |
每股收益（稀释后）ATORHP
| Q4 25 | $2.44 | $1.12 | ||
| Q3 25 | $1.04 | $0.53 | ||
| Q2 25 | $1.16 | $1.12 | ||
| Q1 25 | $3.03 | $1.00 | ||
| Q4 24 | $2.23 | $1.12 | ||
| Q3 24 | $0.82 | $0.94 | ||
| Q2 24 | $1.08 | $1.65 | ||
| Q1 24 | $2.85 | $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 | $367.0M | $471.4M |
| 总债务越低越好 | $9.6B | — |
| 股东权益账面价值 | $14.3B | $750.2M |
| 总资产 | $29.8B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.67× | — |
8季度趋势，按日历期对齐
现金及短期投资ATORHP
| Q4 25 | $367.0M | $471.4M | ||
| Q3 25 | $202.7M | $483.3M | ||
| Q2 25 | $709.4M | $420.6M | ||
| Q1 25 | $543.5M | $413.9M | ||
| Q4 24 | $584.5M | $477.7M | ||
| Q3 24 | $307.3M | $534.9M | ||
| Q2 24 | $674.6M | $498.4M | ||
| Q1 24 | $262.5M | $465.3M |
总债务ATORHP
| Q4 25 | $9.6B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.4B | — | ||
| Q4 24 | $8.4B | — | ||
| Q3 24 | $7.8B | — | ||
| Q2 24 | $7.8B | — | ||
| Q1 24 | $7.4B | — |
股东权益ATORHP
| Q4 25 | $14.3B | $750.2M | ||
| Q3 25 | $13.6B | $758.5M | ||
| Q2 25 | $13.4B | $800.4M | ||
| Q1 25 | $13.1B | $531.5M | ||
| Q4 24 | $12.8B | $549.0M | ||
| Q3 24 | $12.2B | $551.9M | ||
| Q2 24 | $12.2B | $562.6M | ||
| Q1 24 | $11.6B | $529.9M |
总资产ATORHP
| Q4 25 | $29.8B | $6.2B | ||
| Q3 25 | $28.2B | $6.2B | ||
| Q2 25 | $27.7B | $6.1B | ||
| Q1 25 | $27.0B | $5.2B | ||
| Q4 24 | $26.5B | $5.2B | ||
| Q3 24 | $25.2B | $5.2B | ||
| Q2 24 | $24.9B | $5.1B | ||
| Q1 24 | $24.0B | $5.1B |
负债/权益比ATORHP
| Q4 25 | 0.67× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.67× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.64× | — | ||
| Q1 24 | 0.64× | — |
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 | $308.1M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $-725.3M | $58.5M |
| 自由现金流率自由现金流/营收 | -54.0% | 7.9% |
| 资本支出强度资本支出/营收 | 77.0% | 14.4% |
| 现金转化率经营现金流/净利润 | 0.76× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $-1.6B | $232.4M |
8季度趋势，按日历期对齐
经营现金流ATORHP
| Q4 25 | $308.1M | $164.7M | ||
| Q3 25 | $348.1M | $205.2M | ||
| Q2 25 | $496.4M | $122.5M | ||
| Q1 25 | $922.9M | $98.2M | ||
| Q4 24 | $282.0M | $166.6M | ||
| Q3 24 | $330.7M | $218.1M | ||
| Q2 24 | $411.2M | $184.3M | ||
| Q1 24 | $746.6M | $7.5M |
自由现金流ATORHP
| Q4 25 | $-725.3M | $58.5M | ||
| Q3 25 | $-615.5M | $135.4M | ||
| Q2 25 | $-370.6M | $53.0M | ||
| Q1 25 | $83.3M | $-14.5M | ||
| Q4 24 | $-609.2M | $76.0M | ||
| Q3 24 | $-477.3M | $85.7M | ||
| Q2 24 | $-302.4M | $78.8M | ||
| Q1 24 | $100.7M | $-72.0M |
自由现金流率ATORHP
| Q4 25 | -54.0% | 7.9% | ||
| Q3 25 | -83.5% | 22.9% | ||
| Q2 25 | -44.2% | 8.0% | ||
| Q1 25 | 4.3% | -2.5% | ||
| Q4 24 | -51.8% | 11.7% | ||
| Q3 24 | -72.5% | 15.6% | ||
| Q2 24 | -43.1% | 12.9% | ||
| Q1 24 | 6.1% | -13.6% |
资本支出强度ATORHP
| Q4 25 | 77.0% | 14.4% | ||
| Q3 25 | 130.7% | 11.8% | ||
| Q2 25 | 103.4% | 10.5% | ||
| Q1 25 | 43.0% | 19.2% | ||
| Q4 24 | 75.8% | 14.0% | ||
| Q3 24 | 122.8% | 24.1% | ||
| Q2 24 | 101.7% | 17.2% | ||
| Q1 24 | 39.2% | 15.0% |
现金转化率ATORHP
| Q4 25 | 0.76× | 2.21× | ||
| Q3 25 | 1.99× | 5.88× | ||
| Q2 25 | 2.66× | 1.71× | ||
| Q1 25 | 1.90× | 1.56× | ||
| Q4 24 | 0.80× | 2.30× | ||
| Q3 24 | 2.47× | 3.70× | ||
| Q2 24 | 2.48× | 1.83× | ||
| Q1 24 | 1.73× | 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
ATO
| Distribution Segment | $1.3B | 94% |
| Transportation Revenue | $41.5M | 3% |
| Other | $39.4M | 3% |
| Miscellaneous Revenue | $2.8M | 0% |
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% |
