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奔特力系统（BSY）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.的季度营收约是奔特力系统的1.9倍（$737.8M vs $391.6M），奔特力系统净利率更高（15.0% vs 10.1%，领先4.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 11.9%），奔特力系统自由现金流更多（$136.2M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 7.7%）
奔特力系统是总部位于美国的软件开发企业，面向全球基础设施的设计、建造及运营全周期，提供软件产品授权、销售及相关技术支持服务。旗下产品覆盖建筑、工厂、土木、地理空间等领域，广泛应用于建筑工程施工及运营场景，支撑各类大型建成资产的全生命周期管理。
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。
BSY vs RHP — 直观对比
营收规模更大
RHP
是对方的1.9倍
$391.6M
营收增速更快
RHP
高出2.0%
11.9%
净利率更高
BSY
高出4.9%
10.1%
自由现金流更多
BSY
多$77.6M
$58.5M
两年增速更快
RHP
近两年复合增速
7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $391.6M | $737.8M |
| 净利润 | $58.6M | $74.5M |
| 毛利率 | 81.9% | 41.4% |
| 营业利润率 | 20.0% | 19.4% |
| 净利率 | 15.0% | 10.1% |
| 营收同比 | 11.9% | 13.9% |
| 净利润同比 | 17.1% | 3.0% |
| 每股收益（稀释后） | $0.17 | $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BSYRHP
| Q4 25 | $391.6M | $737.8M | ||
| Q3 25 | $375.5M | $592.5M | ||
| Q2 25 | $364.1M | $659.5M | ||
| Q1 25 | $370.5M | $587.3M | ||
| Q4 24 | $349.8M | $647.6M | ||
| Q3 24 | $335.2M | $550.0M | ||
| Q2 24 | $330.3M | $613.3M | ||
| Q1 24 | $337.8M | $528.3M |
净利润BSYRHP
| Q4 25 | $58.6M | $74.5M | ||
| Q3 25 | $57.4M | $34.9M | ||
| Q2 25 | $70.5M | $71.8M | ||
| Q1 25 | $91.4M | $63.0M | ||
| Q4 24 | $50.1M | $72.3M | ||
| Q3 24 | $42.3M | $59.0M | ||
| Q2 24 | $72.0M | $100.8M | ||
| Q1 24 | $70.3M | $42.8M |
毛利率BSYRHP
| Q4 25 | 81.9% | 41.4% | ||
| Q3 25 | 80.8% | 40.9% | ||
| Q2 25 | 81.1% | 49.7% | ||
| Q1 25 | 82.3% | 44.4% | ||
| Q4 24 | 80.6% | 40.4% | ||
| Q3 24 | 80.7% | 43.1% | ||
| Q2 24 | 80.9% | 48.4% | ||
| Q1 24 | 81.7% | 41.5% |
营业利润率BSYRHP
| Q4 25 | 20.0% | 19.4% | ||
| Q3 25 | 22.5% | 15.0% | ||
| Q2 25 | 23.2% | 21.1% | ||
| Q1 25 | 31.1% | 19.8% | ||
| Q4 24 | 17.6% | 18.6% | ||
| Q3 24 | 20.5% | 19.3% | ||
| Q2 24 | 24.3% | 27.4% | ||
| Q1 24 | 27.2% | 18.2% |
净利率BSYRHP
| Q4 25 | 15.0% | 10.1% | ||
| Q3 25 | 15.3% | 5.9% | ||
| Q2 25 | 19.4% | 10.9% | ||
| Q1 25 | 24.7% | 10.7% | ||
| Q4 24 | 14.3% | 11.2% | ||
| Q3 24 | 12.6% | 10.7% | ||
| Q2 24 | 21.8% | 16.4% | ||
| Q1 24 | 20.8% | 8.1% |
每股收益（稀释后）BSYRHP
| Q4 25 | $0.17 | $1.12 | ||
| Q3 25 | $0.18 | $0.53 | ||
| Q2 25 | $0.22 | $1.12 | ||
| Q1 25 | $0.28 | $1.00 | ||
| Q4 24 | $0.15 | $1.12 | ||
| Q3 24 | $0.13 | $0.94 | ||
| Q2 24 | $0.22 | $1.65 | ||
| Q1 24 | $0.22 | $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 | $123.3M | $471.4M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $1.2B | $750.2M |
| 总资产 | $3.6B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.05× | — |
8季度趋势，按日历期对齐
现金及短期投资BSYRHP
| Q4 25 | $123.3M | $471.4M | ||
| Q3 25 | $165.4M | $483.3M | ||
| Q2 25 | $89.6M | $420.6M | ||
| Q1 25 | $83.6M | $413.9M | ||
| Q4 24 | $64.0M | $477.7M | ||
| Q3 24 | $72.2M | $534.9M | ||
| Q2 24 | $51.3M | $498.4M | ||
| Q1 24 | $141.6M | $465.3M |
总债务BSYRHP
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.4B | — |
股东权益BSYRHP
| Q4 25 | $1.2B | $750.2M | ||
| Q3 25 | $1.2B | $758.5M | ||
| Q2 25 | $1.2B | $800.4M | ||
| Q1 25 | $1.1B | $531.5M | ||
| Q4 24 | $1.0B | $549.0M | ||
| Q3 24 | $1.0B | $551.9M | ||
| Q2 24 | $984.5M | $562.6M | ||
| Q1 24 | $932.6M | $529.9M |
总资产BSYRHP
| Q4 25 | $3.6B | $6.2B | ||
| Q3 25 | $3.5B | $6.2B | ||
| Q2 25 | $3.4B | $6.1B | ||
| Q1 25 | $3.4B | $5.2B | ||
| Q4 24 | $3.4B | $5.2B | ||
| Q3 24 | $3.4B | $5.2B | ||
| Q2 24 | $3.3B | $5.1B | ||
| Q1 24 | $3.4B | $5.1B |
负债/权益比BSYRHP
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 1.07× | — | ||
| Q1 25 | 1.13× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 1.36× | — | ||
| Q1 24 | 1.54× | — |
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 | $141.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $136.2M | $58.5M |
| 自由现金流率自由现金流/营收 | 34.8% | 7.9% |
| 资本支出强度资本支出/营收 | 1.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.41× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $520.2M | $232.4M |
8季度趋势，按日历期对齐
经营现金流BSYRHP
| Q4 25 | $141.6M | $164.7M | ||
| Q3 25 | $116.4M | $205.2M | ||
| Q2 25 | $61.1M | $122.5M | ||
| Q1 25 | $219.4M | $98.2M | ||
| Q4 24 | $81.6M | $166.6M | ||
| Q3 24 | $86.1M | $218.1M | ||
| Q2 24 | $62.6M | $184.3M | ||
| Q1 24 | $205.0M | $7.5M |
自由现金流BSYRHP
| Q4 25 | $136.2M | $58.5M | ||
| Q3 25 | $110.7M | $135.4M | ||
| Q2 25 | $57.0M | $53.0M | ||
| Q1 25 | $216.4M | $-14.5M | ||
| Q4 24 | $76.1M | $76.0M | ||
| Q3 24 | $84.3M | $85.7M | ||
| Q2 24 | $59.5M | $78.8M | ||
| Q1 24 | $201.4M | $-72.0M |
自由现金流率BSYRHP
| Q4 25 | 34.8% | 7.9% | ||
| Q3 25 | 29.5% | 22.9% | ||
| Q2 25 | 15.7% | 8.0% | ||
| Q1 25 | 58.4% | -2.5% | ||
| Q4 24 | 21.7% | 11.7% | ||
| Q3 24 | 25.1% | 15.6% | ||
| Q2 24 | 18.0% | 12.9% | ||
| Q1 24 | 59.6% | -13.6% |
资本支出强度BSYRHP
| Q4 25 | 1.4% | 14.4% | ||
| Q3 25 | 1.5% | 11.8% | ||
| Q2 25 | 1.1% | 10.5% | ||
| Q1 25 | 0.8% | 19.2% | ||
| Q4 24 | 1.6% | 14.0% | ||
| Q3 24 | 0.5% | 24.1% | ||
| Q2 24 | 0.9% | 17.2% | ||
| Q1 24 | 1.1% | 15.0% |
现金转化率BSYRHP
| Q4 25 | 2.41× | 2.21× | ||
| Q3 25 | 2.03× | 5.88× | ||
| Q2 25 | 0.87× | 1.71× | ||
| Q1 25 | 2.40× | 1.56× | ||
| Q4 24 | 1.63× | 2.30× | ||
| Q3 24 | 2.03× | 3.70× | ||
| Q2 24 | 0.87× | 1.83× | ||
| Q1 24 | 2.92× | 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
BSY
| Enterprise License Subscriptions | $163.4M | 42% |
| Term License Subscriptions | $122.7M | 31% |
| SELECT Subscriptions | $70.6M | 18% |
| Professional Services Other | $17.2M | 4% |
| Perpetual Licenses | $14.3M | 4% |
| Professional Services Recurring | $3.5M | 1% |
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% |
