vs
Braemar Hotels & Resorts Inc.（BHR）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.1倍（$165.6M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs -4.5%），STURM RUGER & CO INC自由现金流更多（$12.3M vs $-37.1M），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% 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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
BHR vs RGR — 直观对比
营收规模更大
BHR
是对方的1.1倍
$151.1M
营收增速更快
RGR
高出8.1%
-4.5%
自由现金流更多
RGR
多$49.5M
$-37.1M
两年增速更快
RGR
近两年复合增速
-13.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $165.6M | $151.1M |
| 净利润 | $-33.6M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | -7.3% | 2.3% |
| 净利率 | -20.3% | — |
| 营收同比 | -4.5% | 3.6% |
| 净利润同比 | -80.1% | — |
| 每股收益（稀释后） | $-0.67 | $0.22 |
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BHRRGR
| Q4 25 | $165.6M | $151.1M | ||
| Q3 25 | $143.6M | $126.8M | ||
| Q2 25 | $179.1M | $132.5M | ||
| Q1 25 | $215.8M | $135.7M | ||
| Q4 24 | $173.3M | $145.8M | ||
| Q3 24 | $148.4M | $122.3M | ||
| Q2 24 | $187.6M | $130.8M | ||
| Q1 24 | $219.1M | $136.8M |
净利润BHRRGR
| Q4 25 | $-33.6M | — | ||
| Q3 25 | $5.7M | $1.6M | ||
| Q2 25 | $-5.5M | $-17.2M | ||
| Q1 25 | $11.0M | $7.8M | ||
| Q4 24 | $-18.7M | — | ||
| Q3 24 | $12.6M | $4.7M | ||
| Q2 24 | $-11.6M | $8.3M | ||
| Q1 24 | $15.9M | $7.1M |
毛利率BHRRGR
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
营业利润率BHRRGR
| Q4 25 | -7.3% | 2.3% | ||
| Q3 25 | 20.8% | -2.7% | ||
| Q2 25 | 10.0% | -15.6% | ||
| Q1 25 | 17.0% | 6.2% | ||
| Q4 24 | 2.2% | 7.8% | ||
| Q3 24 | 47.4% | 3.1% | ||
| Q2 24 | 6.5% | 6.9% | ||
| Q1 24 | 19.4% | 5.5% |
净利率BHRRGR
| Q4 25 | -20.3% | — | ||
| Q3 25 | 4.0% | 1.2% | ||
| Q2 25 | -3.1% | -13.0% | ||
| Q1 25 | 5.1% | 5.7% | ||
| Q4 24 | -10.8% | — | ||
| Q3 24 | 8.5% | 3.9% | ||
| Q2 24 | -6.2% | 6.3% | ||
| Q1 24 | 7.3% | 5.2% |
每股收益（稀释后）BHRRGR
| Q4 25 | $-0.67 | $0.22 | ||
| Q3 25 | $-0.12 | $0.10 | ||
| Q2 25 | $-0.24 | $-1.05 | ||
| Q1 25 | $-0.04 | $0.46 | ||
| Q4 24 | $-0.47 | $0.62 | ||
| Q3 24 | $-0.02 | $0.28 | ||
| Q2 24 | $-0.33 | $0.47 | ||
| Q1 24 | $0.05 | $0.40 |
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 | $92.5M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $138.7M | $283.8M |
| 总资产 | $1.9B | $342.0M |
| 负债/权益比越低杠杆越低 | 7.96× | — |
8季度趋势，按日历期对齐
现金及短期投资BHRRGR
| Q4 25 | $124.4M | $92.5M | ||
| Q3 25 | $116.3M | $80.8M | ||
| Q2 25 | $80.2M | $101.4M | ||
| Q1 25 | $81.7M | $108.3M | ||
| Q4 24 | $135.5M | $105.5M | ||
| Q3 24 | $168.7M | $96.0M | ||
| Q2 24 | $114.6M | $105.6M | ||
| Q1 24 | $137.1M | $115.3M |
总债务BHRRGR
| 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 | — |
股东权益BHRRGR
| Q4 25 | $138.7M | $283.8M | ||
| Q3 25 | $211.9M | $279.6M | ||
| Q2 25 | $225.1M | $289.3M | ||
| Q1 25 | $238.9M | $321.5M | ||
| Q4 24 | $240.7M | $319.6M | ||
| Q3 24 | $276.9M | $314.9M | ||
| Q2 24 | $282.3M | $321.5M | ||
| Q1 24 | $307.3M | $332.0M |
总资产BHRRGR
| Q4 25 | $1.9B | $342.0M | ||
| Q3 25 | $2.0B | $342.3M | ||
| Q2 25 | $2.1B | $349.5M | ||
| Q1 25 | $2.1B | $379.0M | ||
| Q4 24 | $2.1B | $384.0M | ||
| Q3 24 | $2.2B | $373.5M | ||
| Q2 24 | $2.2B | $376.7M | ||
| Q1 24 | $2.3B | $385.0M |
负债/权益比BHRRGR
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-37.1M | $12.3M |
| 自由现金流率自由现金流/营收 | -22.4% | 8.2% |
| 资本支出强度资本支出/营收 | 47.1% | 2.1% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流BHRRGR
| Q4 25 | $40.8M | $15.5M | ||
| Q3 25 | $-5.8M | $12.9M | ||
| Q2 25 | $23.0M | $14.7M | ||
| Q1 25 | $15.1M | $11.1M | ||
| Q4 24 | $66.8M | $20.0M | ||
| Q3 24 | $9.0K | $9.4M | ||
| Q2 24 | $24.1M | $18.7M | ||
| Q1 24 | $36.0M | $7.3M |
自由现金流BHRRGR
| Q4 25 | $-37.1M | $12.3M | ||
| Q3 25 | $-27.3M | $7.0M | ||
| Q2 25 | $5.3M | $9.1M | ||
| Q1 25 | $-159.0K | $10.0M | ||
| Q4 24 | $-3.8M | $16.4M | ||
| Q3 24 | $-15.6M | $2.6M | ||
| Q2 24 | $8.2M | $10.1M | ||
| Q1 24 | $12.7M | $5.6M |
自由现金流率BHRRGR
| Q4 25 | -22.4% | 8.2% | ||
| Q3 25 | -19.0% | 5.5% | ||
| Q2 25 | 3.0% | 6.9% | ||
| Q1 25 | -0.1% | 7.4% | ||
| Q4 24 | -2.2% | 11.2% | ||
| Q3 24 | -10.5% | 2.1% | ||
| Q2 24 | 4.4% | 7.7% | ||
| Q1 24 | 5.8% | 4.1% |
资本支出强度BHRRGR
| Q4 25 | 47.1% | 2.1% | ||
| Q3 25 | 15.0% | 4.6% | ||
| Q2 25 | 9.9% | 4.2% | ||
| Q1 25 | 7.1% | 0.8% | ||
| Q4 24 | 40.7% | 2.5% | ||
| Q3 24 | 10.5% | 5.5% | ||
| Q2 24 | 8.5% | 6.6% | ||
| Q1 24 | 10.7% | 1.3% |
现金转化率BHRRGR
| Q4 25 | — | — | ||
| Q3 25 | -1.00× | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.38× | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | 2.26× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
