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Bally's Corp（BALY）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Bally's Corp的1.3倍（$961.0M vs $746.2M）。Travel & Leisure Co.净利率更高（8.2% vs -47.3%，领先55.6%）。Bally's Corp同比增速更快（28.6% vs 2.9%）。过去两年Bally's Corp的营收复合增速更高（9.8% vs -1.2%）
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。
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。
BALY vs TNL — 直观对比
营收规模更大
TNL
是对方的1.3倍
$746.2M
营收增速更快
BALY
高出25.7%
2.9%
净利率更高
TNL
高出55.6%
-47.3%
两年增速更快
BALY
近两年复合增速
-1.2%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $746.2M | $961.0M |
| 净利润 | $-353.2M | $79.0M |
| 毛利率 | — | — |
| 营业利润率 | -36.8% | 16.5% |
| 净利率 | -47.3% | 8.2% |
| 营收同比 | 28.6% | 2.9% |
| 净利润同比 | -311.8% | 8.2% |
| 每股收益（稀释后） | $-5.84 | $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BALYTNL
| Q1 26 | — | $961.0M | ||
| Q4 25 | $746.2M | $1.0B | ||
| Q3 25 | $663.7M | $1.0B | ||
| Q2 25 | $657.5M | $1.0B | ||
| Q1 25 | $368.7M | $934.0M | ||
| Q4 24 | $580.4M | $970.0M | ||
| Q3 24 | $630.0M | $993.0M | ||
| Q2 24 | $621.7M | $985.0M |
净利润BALYTNL
| Q1 26 | — | $79.0M | ||
| Q4 25 | $-353.2M | $-62.0M | ||
| Q3 25 | $-102.9M | $111.0M | ||
| Q2 25 | $-228.4M | $108.0M | ||
| Q1 25 | $34.5M | $73.0M | ||
| Q4 24 | $-85.8M | $119.0M | ||
| Q3 24 | $-247.9M | $97.0M | ||
| Q2 24 | $-60.2M | $129.0M |
毛利率BALYTNL
| 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BALYTNL
| Q1 26 | — | 16.5% | ||
| Q4 25 | -36.8% | -2.2% | ||
| Q3 25 | 0.1% | 20.5% | ||
| Q2 25 | -0.4% | 20.2% | ||
| Q1 25 | -0.5% | 16.7% | ||
| Q4 24 | -5.6% | 21.1% | ||
| Q3 24 | -25.0% | 19.0% | ||
| Q2 24 | 0.9% | 19.2% |
净利率BALYTNL
| Q1 26 | — | 8.2% | ||
| Q4 25 | -47.3% | -6.0% | ||
| Q3 25 | -15.5% | 10.6% | ||
| Q2 25 | -34.7% | 10.6% | ||
| Q1 25 | 9.4% | 7.8% | ||
| Q4 24 | -14.8% | 12.3% | ||
| Q3 24 | -39.3% | 9.8% | ||
| Q2 24 | -9.7% | 13.1% |
每股收益（稀释后）BALYTNL
| Q1 26 | — | $1.22 | ||
| Q4 25 | $-5.84 | $-0.92 | ||
| Q3 25 | $-1.70 | $1.67 | ||
| Q2 25 | $-3.76 | $1.62 | ||
| Q1 25 | $0.57 | $1.07 | ||
| Q4 24 | $-1.76 | $1.70 | ||
| Q3 24 | $-5.10 | $1.39 | ||
| Q2 24 | $-1.24 | $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 | $798.4M | $254.0M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $994.7M | — |
| 总资产 | $11.2B | $6.8B |
| 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BALYTNL
| Q1 26 | — | $254.0M | ||
| Q4 25 | $798.4M | $271.0M | ||
| Q3 25 | $160.7M | $240.0M | ||
| Q2 25 | $174.6M | $212.0M | ||
| Q1 25 | $209.7M | $188.0M | ||
| Q4 24 | $171.2M | $185.0M | ||
| Q3 24 | $191.0M | $194.0M | ||
| Q2 24 | $154.7M | $166.0M |
总债务BALYTNL
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $5.6B | ||
| Q3 25 | $3.7B | $5.6B | ||
| Q2 25 | $3.6B | $5.6B | ||
| Q1 25 | $3.5B | $5.7B | ||
| Q4 24 | $3.3B | $5.6B | ||
| Q3 24 | $3.7B | $5.6B | ||
| Q2 24 | $3.7B | $5.6B |
股东权益BALYTNL
| Q1 26 | — | — | ||
| Q4 25 | $994.7M | $-981.0M | ||
| Q3 25 | $521.5M | $-821.0M | ||
| Q2 25 | $630.1M | $-852.0M | ||
| Q1 25 | $796.5M | $-903.0M | ||
| Q4 24 | $30.9M | $-881.0M | ||
| Q3 24 | $233.4M | $-862.0M | ||
| Q2 24 | $393.1M | $-885.0M |
总资产BALYTNL
| Q1 26 | — | $6.8B | ||
| Q4 25 | $11.2B | $6.8B | ||
| Q3 25 | $7.6B | $6.9B | ||
| Q2 25 | $7.8B | $6.8B | ||
| Q1 25 | $7.5B | $6.8B | ||
| Q4 24 | $5.9B | $6.7B | ||
| Q3 24 | $6.4B | $6.7B | ||
| Q2 24 | $6.6B | $6.7B |
负债/权益比BALYTNL
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $38.0M |
| 自由现金流经营现金流 - 资本支出 | — | $0 |
| 自由现金流率自由现金流/营收 | — | 0.0% |
| 资本支出强度资本支出/营收 | 5.1% | — |
| 现金转化率经营现金流/净利润 | — | 0.48× |
| 过去12个月自由现金流最近4个季度 | — | $423.0M |
8季度趋势，按日历期对齐
经营现金流BALYTNL
| Q1 26 | — | $38.0M | ||
| Q4 25 | — | $124.0M | ||
| Q3 25 | $-88.6M | $163.0M | ||
| Q2 25 | — | $232.0M | ||
| Q1 25 | $42.0M | $121.0M | ||
| Q4 24 | $37.8M | $98.0M | ||
| Q3 24 | $36.5M | $145.0M | ||
| Q2 24 | $47.6M | $174.0M |
自由现金流BALYTNL
| Q1 26 | — | $0 | ||
| Q4 25 | — | $92.0M | ||
| Q3 25 | $-139.3M | $136.0M | ||
| Q2 25 | — | $195.0M | ||
| Q1 25 | $11.5M | $100.0M | ||
| Q4 24 | $-5.9M | $75.0M | ||
| Q3 24 | $-55.8M | $125.0M | ||
| Q2 24 | $11.8M | $153.0M |
自由现金流率BALYTNL
| Q1 26 | — | 0.0% | ||
| Q4 25 | — | 9.0% | ||
| Q3 25 | -21.0% | 13.0% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | 3.1% | 10.7% | ||
| Q4 24 | -1.0% | 7.7% | ||
| Q3 24 | -8.9% | 12.6% | ||
| Q2 24 | 1.9% | 15.5% |
资本支出强度BALYTNL
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 3.1% | ||
| Q3 25 | 7.6% | 2.6% | ||
| Q2 25 | 7.4% | 3.6% | ||
| Q1 25 | 8.3% | 2.2% | ||
| Q4 24 | 7.5% | 2.4% | ||
| Q3 24 | 14.7% | 2.0% | ||
| Q2 24 | 5.7% | 2.1% |
现金转化率BALYTNL
| Q1 26 | — | 0.48× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 2.15× | ||
| Q1 25 | 1.22× | 1.66× | ||
| Q4 24 | — | 0.82× | ||
| Q3 24 | — | 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
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% |
TNL
| Other | $452.0M | 47% |
| Service and membership fees | $396.0M | 41% |
| Consumer financing | $113.0M | 12% |
