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BRUNSWICK CORP（BC）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
BRUNSWICK CORP的季度营收约是Ryman Hospitality Properties, Inc.的1.8倍（$1.3B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 1.4%，领先8.7%），BRUNSWICK CORP同比增速更快（15.5% vs 13.9%），BRUNSWICK CORP自由现金流更多（$83.6M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -1.1%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
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。
BC vs RHP — 直观对比
营收规模更大
BC
是对方的1.8倍
$737.8M
营收增速更快
BC
高出1.6%
13.9%
净利率更高
RHP
高出8.7%
1.4%
自由现金流更多
BC
多$25.1M
$58.5M
两年增速更快
RHP
近两年复合增速
-1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $737.8M |
| 净利润 | $18.7M | $74.5M |
| 毛利率 | 23.1% | 41.4% |
| 营业利润率 | 3.1% | 19.4% |
| 净利率 | 1.4% | 10.1% |
| 营收同比 | 15.5% | 13.9% |
| 净利润同比 | 122.7% | 3.0% |
| 每股收益（稀释后） | $0.32 | $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BCRHP
| Q4 25 | $1.3B | $737.8M | ||
| Q3 25 | $1.4B | $592.5M | ||
| Q2 25 | $1.4B | $659.5M | ||
| Q1 25 | $1.2B | $587.3M | ||
| Q4 24 | $1.2B | $647.6M | ||
| Q3 24 | $1.3B | $550.0M | ||
| Q2 24 | $1.4B | $613.3M | ||
| Q1 24 | $1.4B | $528.3M |
净利润BCRHP
| Q4 25 | $18.7M | $74.5M | ||
| Q3 25 | $-235.5M | $34.9M | ||
| Q2 25 | $59.3M | $71.8M | ||
| Q1 25 | $20.2M | $63.0M | ||
| Q4 24 | $-82.5M | $72.3M | ||
| Q3 24 | $44.6M | $59.0M | ||
| Q2 24 | $100.0M | $100.8M | ||
| Q1 24 | $68.0M | $42.8M |
毛利率BCRHP
| Q4 25 | 23.1% | 41.4% | ||
| Q3 25 | 25.8% | 40.9% | ||
| Q2 25 | 25.5% | 49.7% | ||
| Q1 25 | 24.9% | 44.4% | ||
| Q4 24 | 21.9% | 40.4% | ||
| Q3 24 | 26.2% | 43.1% | ||
| Q2 24 | 27.1% | 48.4% | ||
| Q1 24 | 27.4% | 41.5% |
营业利润率BCRHP
| Q4 25 | 3.1% | 19.4% | ||
| Q3 25 | -17.8% | 15.0% | ||
| Q2 25 | 7.1% | 21.1% | ||
| Q1 25 | 4.6% | 19.8% | ||
| Q4 24 | -4.8% | 18.6% | ||
| Q3 24 | 7.7% | 19.3% | ||
| Q2 24 | 11.0% | 27.4% | ||
| Q1 24 | 8.1% | 18.2% |
净利率BCRHP
| Q4 25 | 1.4% | 10.1% | ||
| Q3 25 | -17.3% | 5.9% | ||
| Q2 25 | 4.1% | 10.9% | ||
| Q1 25 | 1.7% | 10.7% | ||
| Q4 24 | -7.1% | 11.2% | ||
| Q3 24 | 3.5% | 10.7% | ||
| Q2 24 | 6.9% | 16.4% | ||
| Q1 24 | 5.0% | 8.1% |
每股收益（稀释后）BCRHP
| Q4 25 | $0.32 | $1.12 | ||
| Q3 25 | $-3.59 | $0.53 | ||
| Q2 25 | $0.89 | $1.12 | ||
| Q1 25 | $0.30 | $1.00 | ||
| Q4 24 | $-1.21 | $1.12 | ||
| Q3 24 | $0.67 | $0.94 | ||
| Q2 24 | $1.48 | $1.65 | ||
| Q1 24 | $0.99 | $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 | $256.8M | $471.4M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $1.6B | $750.2M |
| 总资产 | $5.3B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BCRHP
| Q4 25 | $256.8M | $471.4M | ||
| Q3 25 | $297.7M | $483.3M | ||
| Q2 25 | $315.7M | $420.6M | ||
| Q1 25 | $286.7M | $413.9M | ||
| Q4 24 | $269.0M | $477.7M | ||
| Q3 24 | $284.1M | $534.9M | ||
| Q2 24 | $494.5M | $498.4M | ||
| Q1 24 | $548.4M | $465.3M |
总债务BCRHP
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BCRHP
| Q4 25 | $1.6B | $750.2M | ||
| Q3 25 | $1.6B | $758.5M | ||
| Q2 25 | $1.9B | $800.4M | ||
| Q1 25 | $1.9B | $531.5M | ||
| Q4 24 | $1.9B | $549.0M | ||
| Q3 24 | $2.0B | $551.9M | ||
| Q2 24 | $2.0B | $562.6M | ||
| Q1 24 | $2.0B | $529.9M |
总资产BCRHP
| Q4 25 | $5.3B | $6.2B | ||
| Q3 25 | $5.4B | $6.2B | ||
| Q2 25 | $5.8B | $6.1B | ||
| Q1 25 | $5.9B | $5.2B | ||
| Q4 24 | $5.7B | $5.2B | ||
| Q3 24 | $6.0B | $5.2B | ||
| Q2 24 | $6.4B | $5.1B | ||
| Q1 24 | $6.5B | $5.1B |
负债/权益比BCRHP
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $132.9M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $58.5M |
| 自由现金流率自由现金流/营收 | 6.3% | 7.9% |
| 资本支出强度资本支出/营收 | 3.7% | 14.4% |
| 现金转化率经营现金流/净利润 | 7.11× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $396.3M | $232.4M |
8季度趋势，按日历期对齐
经营现金流BCRHP
| Q4 25 | $132.9M | $164.7M | ||
| Q3 25 | $140.4M | $205.2M | ||
| Q2 25 | $316.2M | $122.5M | ||
| Q1 25 | $-27.4M | $98.2M | ||
| Q4 24 | $306.4M | $166.6M | ||
| Q3 24 | $67.4M | $218.1M | ||
| Q2 24 | $211.0M | $184.3M | ||
| Q1 24 | $-153.4M | $7.5M |
自由现金流BCRHP
| Q4 25 | $83.6M | $58.5M | ||
| Q3 25 | $106.5M | $135.4M | ||
| Q2 25 | $271.3M | $53.0M | ||
| Q1 25 | $-65.1M | $-14.5M | ||
| Q4 24 | $276.1M | $76.0M | ||
| Q3 24 | $31.4M | $85.7M | ||
| Q2 24 | $163.9M | $78.8M | ||
| Q1 24 | $-207.4M | $-72.0M |
自由现金流率BCRHP
| Q4 25 | 6.3% | 7.9% | ||
| Q3 25 | 7.8% | 22.9% | ||
| Q2 25 | 18.7% | 8.0% | ||
| Q1 25 | -5.3% | -2.5% | ||
| Q4 24 | 23.9% | 11.7% | ||
| Q3 24 | 2.5% | 15.6% | ||
| Q2 24 | 11.4% | 12.9% | ||
| Q1 24 | -15.2% | -13.6% |
资本支出强度BCRHP
| Q4 25 | 3.7% | 14.4% | ||
| Q3 25 | 2.5% | 11.8% | ||
| Q2 25 | 3.1% | 10.5% | ||
| Q1 25 | 3.1% | 19.2% | ||
| Q4 24 | 2.6% | 14.0% | ||
| Q3 24 | 2.8% | 24.1% | ||
| Q2 24 | 3.3% | 17.2% | ||
| Q1 24 | 4.0% | 15.0% |
现金转化率BCRHP
| Q4 25 | 7.11× | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | 5.33× | 1.71× | ||
| Q1 25 | -1.36× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 1.51× | 3.70× | ||
| Q2 24 | 2.11× | 1.83× | ||
| Q1 24 | -2.26× | 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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
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% |
