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Barnes & Noble Education, Inc.（BNED）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Barnes & Noble Education, Inc.的1.2倍（$737.8M vs $598.2M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 4.2%，领先5.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 6.9%），Barnes & Noble Education, Inc.自由现金流更多（$61.9M vs $58.5M），过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% vs 18.2%）
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
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。
BNED vs RHP — 直观对比
营收规模更大
RHP
是对方的1.2倍
$598.2M
营收增速更快
RHP
高出7.0%
6.9%
净利率更高
RHP
高出5.9%
4.2%
自由现金流更多
BNED
多$3.4M
$58.5M
两年增速更快
BNED
近两年复合增速
18.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $737.8M |
| 净利润 | $25.0M | $74.5M |
| 毛利率 | 21.7% | 41.4% |
| 营业利润率 | 6.8% | 19.4% |
| 净利率 | 4.2% | 10.1% |
| 营收同比 | 6.9% | 13.9% |
| 净利润同比 | -49.7% | 3.0% |
| 每股收益（稀释后） | $0.72 | $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BNEDRHP
| Q4 25 | $598.2M | $737.8M | ||
| Q3 25 | $274.2M | $592.5M | ||
| Q2 25 | $233.0M | $659.5M | ||
| Q1 25 | $419.7M | $587.3M | ||
| Q4 24 | $559.7M | $647.6M | ||
| Q3 24 | $250.9M | $550.0M | ||
| Q2 24 | $192.7M | $613.3M | ||
| Q1 24 | $415.4M | $528.3M |
净利润BNEDRHP
| Q4 25 | $25.0M | $74.5M | ||
| Q3 25 | $-18.3M | $34.9M | ||
| Q2 25 | $-23.0M | $71.8M | ||
| Q1 25 | $17.9M | $63.0M | ||
| Q4 24 | $43.2M | $72.3M | ||
| Q3 24 | $-103.9M | $59.0M | ||
| Q2 24 | $-41.9M | $100.8M | ||
| Q1 24 | $-9.3M | $42.8M |
毛利率BNEDRHP
| Q4 25 | 21.7% | 41.4% | ||
| Q3 25 | 20.2% | 40.9% | ||
| Q2 25 | 30.3% | 49.7% | ||
| Q1 25 | 22.3% | 44.4% | ||
| Q4 24 | 23.0% | 40.4% | ||
| Q3 24 | 17.9% | 43.1% | ||
| Q2 24 | 28.7% | 48.4% | ||
| Q1 24 | 24.2% | 41.5% |
营业利润率BNEDRHP
| Q4 25 | 6.8% | 19.4% | ||
| Q3 25 | -8.4% | 15.0% | ||
| Q2 25 | -4.9% | 21.1% | ||
| Q1 25 | 4.5% | 19.8% | ||
| Q4 24 | 8.4% | 18.6% | ||
| Q3 24 | -15.4% | 19.3% | ||
| Q2 24 | -16.3% | 27.4% | ||
| Q1 24 | 0.4% | 18.2% |
净利率BNEDRHP
| Q4 25 | 4.2% | 10.1% | ||
| Q3 25 | -6.7% | 5.9% | ||
| Q2 25 | -9.9% | 10.9% | ||
| Q1 25 | 4.3% | 10.7% | ||
| Q4 24 | 7.7% | 11.2% | ||
| Q3 24 | -41.4% | 10.7% | ||
| Q2 24 | -21.7% | 16.4% | ||
| Q1 24 | -2.2% | 8.1% |
每股收益（稀释后）BNEDRHP
| Q4 25 | $0.72 | $1.12 | ||
| Q3 25 | $-0.54 | $0.53 | ||
| Q2 25 | $2.97 | $1.12 | ||
| Q1 25 | $0.59 | $1.00 | ||
| Q4 24 | $1.63 | $1.12 | ||
| Q3 24 | $-7.69 | $0.94 | ||
| Q2 24 | $-15.68 | $1.65 | ||
| Q1 24 | $-3.49 | $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 | $11.7M | $471.4M |
| 总债务越低越好 | $122.5M | — |
| 股东权益账面价值 | $283.2M | $750.2M |
| 总资产 | $1.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资BNEDRHP
| Q4 25 | $11.7M | $471.4M | ||
| Q3 25 | $7.3M | $483.3M | ||
| Q2 25 | $9.1M | $420.6M | ||
| Q1 25 | $9.2M | $413.9M | ||
| Q4 24 | $11.6M | $477.7M | ||
| Q3 24 | $8.2M | $534.9M | ||
| Q2 24 | $10.5M | $498.4M | ||
| Q1 24 | $8.1M | $465.3M |
总债务BNEDRHP
| Q4 25 | $122.5M | — | ||
| Q3 25 | $170.0M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $141.2M | — | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | — |
股东权益BNEDRHP
| Q4 25 | $283.2M | $750.2M | ||
| Q3 25 | $256.5M | $758.5M | ||
| Q2 25 | $272.2M | $800.4M | ||
| Q1 25 | $292.9M | $531.5M | ||
| Q4 24 | $211.4M | $549.0M | ||
| Q3 24 | $149.8M | $551.9M | ||
| Q2 24 | $80.4M | $562.6M | ||
| Q1 24 | $121.5M | $529.9M |
总资产BNEDRHP
| Q4 25 | $1.1B | $6.2B | ||
| Q3 25 | $950.8M | $6.2B | ||
| Q2 25 | $790.3M | $6.1B | ||
| Q1 25 | $1.1B | $5.2B | ||
| Q4 24 | $1.0B | $5.2B | ||
| Q3 24 | $973.2M | $5.2B | ||
| Q2 24 | $909.9M | $5.1B | ||
| Q1 24 | $1.2B | $5.1B |
负债/权益比BNEDRHP
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 2.44× | — | ||
| Q1 24 | 0.25× | — |
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 | $66.2M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $61.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 10.4% | 7.9% |
| 资本支出强度资本支出/营收 | 0.7% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.65× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $-4.6M | $232.4M |
8季度趋势，按日历期对齐
经营现金流BNEDRHP
| Q4 25 | $66.2M | $164.7M | ||
| Q3 25 | $-67.6M | $205.2M | ||
| Q2 25 | $52.6M | $122.5M | ||
| Q1 25 | $-41.9M | $98.2M | ||
| Q4 24 | $47.4M | $166.6M | ||
| Q3 24 | $-143.5M | $218.1M | ||
| Q2 24 | $81.7M | $184.3M | ||
| Q1 24 | $-35.8M | $7.5M |
自由现金流BNEDRHP
| Q4 25 | $61.9M | $58.5M | ||
| Q3 25 | $-71.3M | $135.4M | ||
| Q2 25 | $49.5M | $53.0M | ||
| Q1 25 | $-44.7M | $-14.5M | ||
| Q4 24 | $44.4M | $76.0M | ||
| Q3 24 | $-147.5M | $85.7M | ||
| Q2 24 | $79.1M | $78.8M | ||
| Q1 24 | $-39.0M | $-72.0M |
自由现金流率BNEDRHP
| Q4 25 | 10.4% | 7.9% | ||
| Q3 25 | -26.0% | 22.9% | ||
| Q2 25 | 21.3% | 8.0% | ||
| Q1 25 | -10.7% | -2.5% | ||
| Q4 24 | 7.9% | 11.7% | ||
| Q3 24 | -58.8% | 15.6% | ||
| Q2 24 | 41.1% | 12.9% | ||
| Q1 24 | -9.4% | -13.6% |
资本支出强度BNEDRHP
| Q4 25 | 0.7% | 14.4% | ||
| Q3 25 | 1.4% | 11.8% | ||
| Q2 25 | 1.3% | 10.5% | ||
| Q1 25 | 0.7% | 19.2% | ||
| Q4 24 | 0.5% | 14.0% | ||
| Q3 24 | 1.6% | 24.1% | ||
| Q2 24 | 1.4% | 17.2% | ||
| Q1 24 | 0.8% | 15.0% |
现金转化率BNEDRHP
| Q4 25 | 2.65× | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | -2.34× | 1.56× | ||
| Q4 24 | 1.10× | 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
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
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% |
