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BOYD GAMING CORP（BYD）与CHOICE HOTELS INTERNATIONAL INC（CHH）财务数据对比。点击上方公司名可切换其他公司
BOYD GAMING CORP的季度营收约是CHOICE HOTELS INTERNATIONAL INC的2.6倍（$997.4M vs $390.1M）。CHOICE HOTELS INTERNATIONAL INC净利率更高（16.3% vs 10.5%，领先5.9%）。BOYD GAMING CORP同比增速更快（0.6% vs 0.1%）。过去两年CHOICE HOTELS INTERNATIONAL INC的营收复合增速更高（8.4% vs 1.5%）
博伊德博彩集团是总部位于美国内华达州帕拉代斯的知名博彩及酒店服务运营商，核心业务涵盖赌场运营、休闲度假配套服务等板块，为全球游客提供优质的综合娱乐体验。
凯悦酒店国际集团（Choice Hotels International）是总部位于美国马里兰州北贝塞斯达的跨国酒店集团，为全球规模最大的酒店连锁企业之一，旗下拥有从高端到经济型的多元酒店品牌。截至2024年末，集团在全球46个国家和地区特许经营近7600家酒店，客房总数超65万间。
BYD vs CHH — 直观对比
营收规模更大
BYD
是对方的2.6倍
$390.1M
营收增速更快
BYD
高出0.5%
0.1%
净利率更高
CHH
高出5.9%
10.5%
两年增速更快
CHH
近两年复合增速
1.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $997.4M | $390.1M |
| 净利润 | $104.3M | $63.7M |
| 毛利率 | — | — |
| 营业利润率 | 16.4% | 26.0% |
| 净利率 | 10.5% | 16.3% |
| 营收同比 | 0.6% | 0.1% |
| 净利润同比 | -5.9% | -16.0% |
| 每股收益（稀释后） | $1.37 | $1.35 |
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BYDCHH
| Q1 26 | $997.4M | — | ||
| Q4 25 | $1.1B | $390.1M | ||
| Q3 25 | $1.0B | $447.3M | ||
| Q2 25 | $1.0B | $426.4M | ||
| Q1 25 | $991.6M | $332.9M | ||
| Q4 24 | $1.0B | $389.8M | ||
| Q3 24 | $961.2M | $428.0M | ||
| Q2 24 | $967.5M | $435.2M |
净利润BYDCHH
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $63.7M | ||
| Q3 25 | $1.4B | $180.0M | ||
| Q2 25 | $151.5M | $81.7M | ||
| Q1 25 | $111.4M | $44.5M | ||
| Q4 24 | $170.5M | $75.8M | ||
| Q3 24 | $131.1M | $105.7M | ||
| Q2 24 | $139.8M | $87.1M |
营业利润率BYDCHH
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 26.0% | ||
| Q3 25 | 13.9% | 31.8% | ||
| Q2 25 | 23.4% | 29.2% | ||
| Q1 25 | 20.2% | 24.0% | ||
| Q4 24 | 25.1% | 30.6% | ||
| Q3 24 | 22.9% | 35.5% | ||
| Q2 24 | 23.5% | 30.5% |
净利率BYDCHH
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 16.3% | ||
| Q3 25 | 143.4% | 40.2% | ||
| Q2 25 | 14.6% | 19.2% | ||
| Q1 25 | 11.2% | 13.4% | ||
| Q4 24 | 16.4% | 19.4% | ||
| Q3 24 | 13.6% | 24.7% | ||
| Q2 24 | 14.5% | 20.0% |
每股收益（稀释后）BYDCHH
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $1.35 | ||
| Q3 25 | $17.81 | $3.86 | ||
| Q2 25 | $1.84 | $1.75 | ||
| Q1 25 | $1.31 | $0.94 | ||
| Q4 24 | $1.89 | $1.56 | ||
| Q3 24 | $1.43 | $2.22 | ||
| Q2 24 | $1.47 | $1.80 |
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 | — | $45.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | — | $181.2M |
| 总资产 | — | $2.9B |
| 负债/权益比越低杠杆越低 | — | 10.52× |
8季度趋势，按日历期对齐
现金及短期投资BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $45.0M | ||
| Q3 25 | $319.1M | $52.6M | ||
| Q2 25 | $320.1M | $58.6M | ||
| Q1 25 | $311.5M | $40.1M | ||
| Q4 24 | $316.7M | $40.2M | ||
| Q3 24 | $286.3M | $58.6M | ||
| Q2 24 | $280.8M | $60.4M |
总债务BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $3.6B | $1.9B | ||
| Q1 25 | $3.5B | $1.9B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.0B | $1.9B |
股东权益BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $181.2M | ||
| Q3 25 | $2.7B | $149.8M | ||
| Q2 25 | $1.4B | $-26.2M | ||
| Q1 25 | $1.3B | $-63.9M | ||
| Q4 24 | $1.6B | $-45.3M | ||
| Q3 24 | $1.6B | $-96.2M | ||
| Q2 24 | $1.7B | $-146.8M |
总资产BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $2.9B | ||
| Q3 25 | $6.5B | $2.9B | ||
| Q2 25 | $6.6B | $2.7B | ||
| Q1 25 | $6.5B | $2.6B | ||
| Q4 24 | $6.4B | $2.5B | ||
| Q3 24 | $6.3B | $2.5B | ||
| Q2 24 | $6.3B | $2.5B |
负债/权益比BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | — | 10.52× | ||
| Q3 25 | — | 12.81× | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $85.7M |
| 自由现金流经营现金流 - 资本支出 | — | $64.1M |
| 自由现金流率自由现金流/营收 | — | 16.4% |
| 资本支出强度资本支出/营收 | — | 5.5% |
| 现金转化率经营现金流/净利润 | — | 1.35× |
| 过去12个月自由现金流最近4个季度 | — | $163.6M |
8季度趋势，按日历期对齐
经营现金流BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $85.7M | ||
| Q3 25 | $240.0M | $68.7M | ||
| Q2 25 | $205.0M | $95.6M | ||
| Q1 25 | $256.4M | $20.5M | ||
| Q4 24 | $262.1M | $82.9M | ||
| Q3 24 | $231.2M | $122.9M | ||
| Q2 24 | $213.1M | $111.9M |
自由现金流BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $64.1M | ||
| Q3 25 | $94.4M | $49.1M | ||
| Q2 25 | $80.6M | $65.4M | ||
| Q1 25 | $86.5M | $-15.0M | ||
| Q4 24 | $150.9M | $57.4M | ||
| Q3 24 | $146.0M | $92.6M | ||
| Q2 24 | $98.7M | $86.6M |
自由现金流率BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 16.4% | ||
| Q3 25 | 9.4% | 11.0% | ||
| Q2 25 | 7.8% | 15.3% | ||
| Q1 25 | 8.7% | -4.5% | ||
| Q4 24 | 14.5% | 14.7% | ||
| Q3 24 | 15.2% | 21.6% | ||
| Q2 24 | 10.2% | 19.9% |
资本支出强度BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 5.5% | ||
| Q3 25 | 14.5% | 4.4% | ||
| Q2 25 | 12.0% | 7.1% | ||
| Q1 25 | 17.1% | 10.7% | ||
| Q4 24 | 10.7% | 6.5% | ||
| Q3 24 | 8.9% | 7.1% | ||
| Q2 24 | 11.8% | 5.8% |
现金转化率BYDCHH
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 1.35× | ||
| Q3 25 | 0.17× | 0.38× | ||
| Q2 25 | 1.35× | 1.17× | ||
| Q1 25 | 2.30× | 0.46× | ||
| Q4 24 | 1.54× | 1.09× | ||
| Q3 24 | 1.76× | 1.16× | ||
| Q2 24 | 1.52× | 1.28× |
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
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
CHH
| Franchise And Management Fees | $157.3M | 40% |
| Revenue For Reimbursable Costs From Franchised And Managed Properties | $156.0M | 40% |
| Partnership Services And Fees | $32.5M | 8% |
| Owned Hotels | $30.1M | 8% |
| Other Revenue Topic606And Not Topic606 | $14.3M | 4% |
