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勃肯（BIRK）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
Ryman Hospitality Properties, Inc.的季度营收约是勃肯的1.4倍（$737.8M vs $526.3M），勃肯净利率更高（19.3% vs 10.1%，领先9.2%），过去两年勃肯的营收复合增速更高（26.8% vs 18.2%）
勃肯是源自德国的知名鞋履制造商，1774年成立，总部位于莱茵兰-普法尔茨州维德河畔诺伊施塔特。品牌标志性产品采用麂皮、黄麻层叠打造的弧形软木鞋垫，可贴合穿着者脚型，尤以舒适凉鞋品类闻名，创立初衷是为替代当时普遍的平底鞋，推出兼具支撑性与贴合度的鞋款。
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。
BIRK vs RHP — 直观对比
营收规模更大
RHP
是对方的1.4倍
$526.3M
净利率更高
BIRK
高出9.2%
10.1%
两年增速更快
BIRK
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $526.3M | $737.8M |
| 净利润 | $101.4M | $74.5M |
| 毛利率 | 62.8% | 41.4% |
| 营业利润率 | 23.0% | 19.4% |
| 净利率 | 19.3% | 10.1% |
| 营收同比 | — | 13.9% |
| 净利润同比 | — | 3.0% |
| 每股收益（稀释后） | — | $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BIRKRHP
| Q4 25 | — | $737.8M | ||
| Q3 25 | $526.3M | $592.5M | ||
| Q2 25 | $685.8M | $659.5M | ||
| Q1 25 | $620.3M | $587.3M | ||
| Q4 24 | $390.7M | $647.6M | ||
| Q3 24 | $455.8M | $550.0M | ||
| Q2 24 | $609.9M | $613.3M | ||
| Q1 24 | $519.7M | $528.3M |
净利润BIRKRHP
| Q4 25 | — | $74.5M | ||
| Q3 25 | $101.4M | $34.9M | ||
| Q2 25 | $139.6M | $71.8M | ||
| Q1 25 | $113.5M | $63.0M | ||
| Q4 24 | $21.7M | $72.3M | ||
| Q3 24 | — | $59.0M | ||
| Q2 24 | $80.6M | $100.8M | ||
| Q1 24 | $77.4M | $42.8M |
毛利率BIRKRHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | 62.8% | 40.9% | ||
| Q2 25 | 60.5% | 49.7% | ||
| Q1 25 | 57.7% | 44.4% | ||
| Q4 24 | 60.3% | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | 59.5% | 48.4% | ||
| Q1 24 | 56.3% | 41.5% |
营业利润率BIRKRHP
| Q4 25 | — | 19.4% | ||
| Q3 25 | 23.0% | 15.0% | ||
| Q2 25 | 31.2% | 21.1% | ||
| Q1 25 | 30.5% | 19.8% | ||
| Q4 24 | 17.7% | 18.6% | ||
| Q3 24 | — | 19.3% | ||
| Q2 24 | 27.5% | 27.4% | ||
| Q1 24 | 27.5% | 18.2% |
净利率BIRKRHP
| Q4 25 | — | 10.1% | ||
| Q3 25 | 19.3% | 5.9% | ||
| Q2 25 | 20.3% | 10.9% | ||
| Q1 25 | 18.3% | 10.7% | ||
| Q4 24 | 5.6% | 11.2% | ||
| Q3 24 | — | 10.7% | ||
| Q2 24 | 13.2% | 16.4% | ||
| Q1 24 | 14.9% | 8.1% |
每股收益（稀释后）BIRKRHP
| Q4 25 | — | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $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 | $355.4M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $750.2M |
| 总资产 | $5.3B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BIRKRHP
| Q4 25 | — | $471.4M | ||
| Q3 25 | $355.4M | $483.3M | ||
| Q2 25 | $282.8M | $420.6M | ||
| Q1 25 | $254.2M | $413.9M | ||
| Q4 24 | $322.5M | $477.7M | ||
| Q3 24 | $384.3M | $534.9M | ||
| Q2 24 | $436.7M | $498.4M | ||
| Q1 24 | $189.8M | $465.3M |
股东权益BIRKRHP
| Q4 25 | — | $750.2M | ||
| Q3 25 | $2.9B | $758.5M | ||
| Q2 25 | $2.8B | $800.4M | ||
| Q1 25 | $3.0B | $531.5M | ||
| Q4 24 | $3.0B | $549.0M | ||
| Q3 24 | $2.8B | $551.9M | ||
| Q2 24 | $2.8B | $562.6M | ||
| Q1 24 | $2.7B | $529.9M |
总资产BIRKRHP
| Q4 25 | — | $6.2B | ||
| Q3 25 | $5.3B | $6.2B | ||
| Q2 25 | $5.3B | $6.1B | ||
| Q1 25 | $5.4B | $5.2B | ||
| Q4 24 | $5.4B | $5.2B | ||
| Q3 24 | $5.3B | $5.2B | ||
| Q2 24 | $5.4B | $5.1B | ||
| Q1 24 | $5.2B | $5.1B |
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 | $415.0M | $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 | — | 14.4% |
| 现金转化率经营现金流/净利润 | 4.09× | 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BIRKRHP
| Q4 25 | — | $164.7M | ||
| Q3 25 | $415.0M | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $98.2M | ||
| Q4 24 | $-12.6M | $166.6M | ||
| Q3 24 | $463.0M | $218.1M | ||
| Q2 24 | — | $184.3M | ||
| Q1 24 | — | $7.5M |
自由现金流BIRKRHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $-72.0M |
自由现金流率BIRKRHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | -13.6% |
资本支出强度BIRKRHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.0% |
现金转化率BIRKRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | 4.09× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | -0.58× | 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
BIRK
暂无分部数据
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% |
