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Braemar Hotels & Resorts Inc.（BHR）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
Braemar Hotels & Resorts Inc.的季度营收约是RESOURCES CONNECTION, INC.的1.4倍（$165.6M vs $117.7M），RESOURCES CONNECTION, INC.净利率更高（-10.8% vs -20.3%，领先9.5%），Braemar Hotels & Resorts Inc.同比增速更快（-4.5% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-37.1M），过去两年RESOURCES CONNECTION, INC.的营收复合增速更高（-11.8% vs -13.1%）
Braemar Hotels & Resorts Inc.是一家主打高端奢华酒店及度假村持有运营的房地产投资信托，主要布局美国市场，服务高端休闲旅客、企业活动主办方及商务差旅群体，通过住宿预订、配套消费及活动承办获得收益。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
BHR vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $165.6M | $117.7M |
| 净利润 | $-33.6M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | -7.3% | -10.3% |
| 净利率 | -20.3% | -10.8% |
| 营收同比 | -4.5% | -19.2% |
| 净利润同比 | -80.1% | 81.6% |
| 每股收益（稀释后） | $-0.67 | $-0.38 |
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
| Q4 25 | $165.6M | $117.7M | ||
| Q3 25 | $143.6M | $120.2M | ||
| Q2 25 | $179.1M | $139.3M | ||
| Q1 25 | $215.8M | $129.4M | ||
| Q4 24 | $173.3M | $145.6M | ||
| Q3 24 | $148.4M | $136.9M | ||
| Q2 24 | $187.6M | $148.2M | ||
| Q1 24 | $219.1M | $151.3M |
| Q4 25 | $-33.6M | $-12.7M | ||
| Q3 25 | $5.7M | $-2.4M | ||
| Q2 25 | $-5.5M | $-73.3M | ||
| Q1 25 | $11.0M | $-44.1M | ||
| Q4 24 | $-18.7M | $-68.7M | ||
| Q3 24 | $12.6M | $-5.7M | ||
| Q2 24 | $-11.6M | $10.5M | ||
| Q1 24 | $15.9M | $2.5M |
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | -7.3% | -10.3% | ||
| Q3 25 | 20.8% | -1.7% | ||
| Q2 25 | 10.0% | -47.0% | ||
| Q1 25 | 17.0% | -38.4% | ||
| Q4 24 | 2.2% | -52.7% | ||
| Q3 24 | 47.4% | -3.5% | ||
| Q2 24 | 6.5% | 7.6% | ||
| Q1 24 | 19.4% | 2.8% |
| Q4 25 | -20.3% | -10.8% | ||
| Q3 25 | 4.0% | -2.0% | ||
| Q2 25 | -3.1% | -52.6% | ||
| Q1 25 | 5.1% | -34.0% | ||
| Q4 24 | -10.8% | -47.2% | ||
| Q3 24 | 8.5% | -4.2% | ||
| Q2 24 | -6.2% | 7.1% | ||
| Q1 24 | 7.3% | 1.7% |
| Q4 25 | $-0.67 | $-0.38 | ||
| Q3 25 | $-0.12 | $-0.07 | ||
| Q2 25 | $-0.24 | $-2.21 | ||
| Q1 25 | $-0.04 | $-1.34 | ||
| Q4 24 | $-0.47 | $-2.08 | ||
| Q3 24 | $-0.02 | $-0.17 | ||
| Q2 24 | $-0.33 | $0.31 | ||
| Q1 24 | $0.05 | $0.08 |
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 | $124.4M | $89.8M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $138.7M | $194.6M |
| 总资产 | $1.9B | $289.3M |
| 负债/权益比越低杠杆越低 | 7.96× | — |
8季度趋势，按日历期对齐
| Q4 25 | $124.4M | $89.8M | ||
| Q3 25 | $116.3M | $77.5M | ||
| Q2 25 | $80.2M | $86.1M | ||
| Q1 25 | $81.7M | $72.5M | ||
| Q4 24 | $135.5M | $78.2M | ||
| Q3 24 | $168.7M | $89.6M | ||
| Q2 24 | $114.6M | $108.9M | ||
| Q1 24 | $137.1M | $113.8M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $138.7M | $194.6M | ||
| Q3 25 | $211.9M | $206.4M | ||
| Q2 25 | $225.1M | $207.1M | ||
| Q1 25 | $238.9M | $277.8M | ||
| Q4 24 | $240.7M | $325.7M | ||
| Q3 24 | $276.9M | $407.2M | ||
| Q2 24 | $282.3M | $418.8M | ||
| Q1 24 | $307.3M | $414.9M |
| Q4 25 | $1.9B | $289.3M | ||
| Q3 25 | $2.0B | $287.2M | ||
| Q2 25 | $2.1B | $304.7M | ||
| Q1 25 | $2.1B | $375.6M | ||
| Q4 24 | $2.1B | $424.9M | ||
| Q3 24 | $2.2B | $512.9M | ||
| Q2 24 | $2.2B | $510.9M | ||
| Q1 24 | $2.3B | $523.2M |
| Q4 25 | 7.96× | — | ||
| Q3 25 | 5.50× | — | ||
| Q2 25 | 5.38× | — | ||
| Q1 25 | 5.03× | — | ||
| Q4 24 | 5.03× | — | ||
| Q3 24 | 4.36× | — | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 3.98× | — |
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 | $40.8M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-37.1M | $15.6M |
| 自由现金流率自由现金流/营收 | -22.4% | 13.2% |
| 资本支出强度资本支出/营收 | 47.1% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-59.2M | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $40.8M | $15.9M | ||
| Q3 25 | $-5.8M | $-7.8M | ||
| Q2 25 | $23.0M | $16.8M | ||
| Q1 25 | $15.1M | $659.0K | ||
| Q4 24 | $66.8M | $1.8M | ||
| Q3 24 | $9.0K | $-309.0K | ||
| Q2 24 | $24.1M | $3.2M | ||
| Q1 24 | $36.0M | $20.5M |
| Q4 25 | $-37.1M | $15.6M | ||
| Q3 25 | $-27.3M | $-8.0M | ||
| Q2 25 | $5.3M | $16.5M | ||
| Q1 25 | $-159.0K | $238.0K | ||
| Q4 24 | $-3.8M | $61.0K | ||
| Q3 24 | $-15.6M | $-575.0K | ||
| Q2 24 | $8.2M | $3.0M | ||
| Q1 24 | $12.7M | $20.4M |
| Q4 25 | -22.4% | 13.2% | ||
| Q3 25 | -19.0% | -6.6% | ||
| Q2 25 | 3.0% | 11.8% | ||
| Q1 25 | -0.1% | 0.2% | ||
| Q4 24 | -2.2% | 0.0% | ||
| Q3 24 | -10.5% | -0.4% | ||
| Q2 24 | 4.4% | 2.1% | ||
| Q1 24 | 5.8% | 13.5% |
| Q4 25 | 47.1% | 0.3% | ||
| Q3 25 | 15.0% | 0.1% | ||
| Q2 25 | 9.9% | 0.2% | ||
| Q1 25 | 7.1% | 0.3% | ||
| Q4 24 | 40.7% | 1.2% | ||
| Q3 24 | 10.5% | 0.2% | ||
| Q2 24 | 8.5% | 0.1% | ||
| Q1 24 | 10.7% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | -1.00× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | 2.26× | 8.04× |
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
BHR
| Occupancy | $97.4M | 59% |
| Food And Beverage | $45.5M | 28% |
| Hotel Other | $22.6M | 14% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
