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Bally's Corp（BALY）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
Bally's Corp的季度营收约是Ryman Hospitality Properties, Inc.的1.0倍（$746.2M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -47.3%，领先57.4%），Bally's Corp同比增速更快（28.6% vs 13.9%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 9.8%）
巴利公司是总部位于美国罗德岛州普罗维登斯的博彩、体育投注与互动娱乐企业。目前该公司在美国11个州运营19家赌场，在科罗拉多州拥有一座赛马场，在纽约州拥有一座高尔夫球场，同时在全美14个州开展线上体育投注业务，还通过子公司在澳大利亚两个州运营两处产业。
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。
BALY vs RHP — 直观对比
营收规模更大
BALY
是对方的1.0倍
$737.8M
营收增速更快
BALY
高出14.7%
13.9%
净利率更高
RHP
高出57.4%
-47.3%
两年增速更快
RHP
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $746.2M | $737.8M |
| 净利润 | $-353.2M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | -36.8% | 19.4% |
| 净利率 | -47.3% | 10.1% |
| 营收同比 | 28.6% | 13.9% |
| 净利润同比 | -311.8% | 3.0% |
| 每股收益（稀释后） | $-5.84 | $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BALYRHP
| Q4 25 | $746.2M | $737.8M | ||
| Q3 25 | $663.7M | $592.5M | ||
| Q2 25 | $657.5M | $659.5M | ||
| Q1 25 | $368.7M | $587.3M | ||
| Q4 24 | $580.4M | $647.6M | ||
| Q3 24 | $630.0M | $550.0M | ||
| Q2 24 | $621.7M | $613.3M | ||
| Q1 24 | $618.5M | $528.3M |
净利润BALYRHP
| Q4 25 | $-353.2M | $74.5M | ||
| Q3 25 | $-102.9M | $34.9M | ||
| Q2 25 | $-228.4M | $71.8M | ||
| Q1 25 | $34.5M | $63.0M | ||
| Q4 24 | $-85.8M | $72.3M | ||
| Q3 24 | $-247.9M | $59.0M | ||
| Q2 24 | $-60.2M | $100.8M | ||
| Q1 24 | $-173.9M | $42.8M |
毛利率BALYRHP
| 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BALYRHP
| Q4 25 | -36.8% | 19.4% | ||
| Q3 25 | 0.1% | 15.0% | ||
| Q2 25 | -0.4% | 21.1% | ||
| Q1 25 | -0.5% | 19.8% | ||
| Q4 24 | -5.6% | 18.6% | ||
| Q3 24 | -25.0% | 19.3% | ||
| Q2 24 | 0.9% | 27.4% | ||
| Q1 24 | -12.0% | 18.2% |
净利率BALYRHP
| Q4 25 | -47.3% | 10.1% | ||
| Q3 25 | -15.5% | 5.9% | ||
| Q2 25 | -34.7% | 10.9% | ||
| Q1 25 | 9.4% | 10.7% | ||
| Q4 24 | -14.8% | 11.2% | ||
| Q3 24 | -39.3% | 10.7% | ||
| Q2 24 | -9.7% | 16.4% | ||
| Q1 24 | -28.1% | 8.1% |
每股收益（稀释后）BALYRHP
| Q4 25 | $-5.84 | $1.12 | ||
| Q3 25 | $-1.70 | $0.53 | ||
| Q2 25 | $-3.76 | $1.12 | ||
| Q1 25 | $0.57 | $1.00 | ||
| Q4 24 | $-1.76 | $1.12 | ||
| Q3 24 | $-5.10 | $0.94 | ||
| Q2 24 | $-1.24 | $1.65 | ||
| Q1 24 | $-3.61 | $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 | $798.4M | $471.4M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $994.7M | $750.2M |
| 总资产 | $11.2B | $6.2B |
| 负债/权益比越低杠杆越低 | 4.52× | — |
8季度趋势，按日历期对齐
现金及短期投资BALYRHP
| Q4 25 | $798.4M | $471.4M | ||
| Q3 25 | $160.7M | $483.3M | ||
| Q2 25 | $174.6M | $420.6M | ||
| Q1 25 | $209.7M | $413.9M | ||
| Q4 24 | $171.2M | $477.7M | ||
| Q3 24 | $191.0M | $534.9M | ||
| Q2 24 | $154.7M | $498.4M | ||
| Q1 24 | $169.4M | $465.3M |
总债务BALYRHP
| Q4 25 | $4.5B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.7B | — | ||
| Q1 24 | $3.7B | — |
股东权益BALYRHP
| Q4 25 | $994.7M | $750.2M | ||
| Q3 25 | $521.5M | $758.5M | ||
| Q2 25 | $630.1M | $800.4M | ||
| Q1 25 | $796.5M | $531.5M | ||
| Q4 24 | $30.9M | $549.0M | ||
| Q3 24 | $233.4M | $551.9M | ||
| Q2 24 | $393.1M | $562.6M | ||
| Q1 24 | $449.4M | $529.9M |
总资产BALYRHP
| Q4 25 | $11.2B | $6.2B | ||
| Q3 25 | $7.6B | $6.2B | ||
| Q2 25 | $7.8B | $6.1B | ||
| Q1 25 | $7.5B | $5.2B | ||
| Q4 24 | $5.9B | $5.2B | ||
| Q3 24 | $6.4B | $5.2B | ||
| Q2 24 | $6.6B | $5.1B | ||
| Q1 24 | $6.6B | $5.1B |
负债/权益比BALYRHP
| Q4 25 | 4.52× | — | ||
| Q3 25 | 7.17× | — | ||
| Q2 25 | 5.68× | — | ||
| Q1 25 | 4.33× | — | ||
| Q4 24 | 107.40× | — | ||
| Q3 24 | 15.73× | — | ||
| Q2 24 | 9.34× | — | ||
| Q1 24 | 8.19× | — |
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 | — | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | 5.1% | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流BALYRHP
| Q4 25 | — | $164.7M | ||
| Q3 25 | $-88.6M | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | $42.0M | $98.2M | ||
| Q4 24 | $37.8M | $166.6M | ||
| Q3 24 | $36.5M | $218.1M | ||
| Q2 24 | $47.6M | $184.3M | ||
| Q1 24 | $-7.9M | $7.5M |
自由现金流BALYRHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | $-139.3M | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | $11.5M | $-14.5M | ||
| Q4 24 | $-5.9M | $76.0M | ||
| Q3 24 | $-55.8M | $85.7M | ||
| Q2 24 | $11.8M | $78.8M | ||
| Q1 24 | $-35.9M | $-72.0M |
自由现金流率BALYRHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | -21.0% | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | 3.1% | -2.5% | ||
| Q4 24 | -1.0% | 11.7% | ||
| Q3 24 | -8.9% | 15.6% | ||
| Q2 24 | 1.9% | 12.9% | ||
| Q1 24 | -5.8% | -13.6% |
资本支出强度BALYRHP
| Q4 25 | 5.1% | 14.4% | ||
| Q3 25 | 7.6% | 11.8% | ||
| Q2 25 | 7.4% | 10.5% | ||
| Q1 25 | 8.3% | 19.2% | ||
| Q4 24 | 7.5% | 14.0% | ||
| Q3 24 | 14.7% | 24.1% | ||
| Q2 24 | 5.7% | 17.2% | ||
| Q1 24 | 4.5% | 15.0% |
现金转化率BALYRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | 1.22× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | 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
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
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% |
