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卡博特（CBT）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
卡博特的季度营收约是Ryman Hospitality Properties, Inc.的1.2倍（$849.0M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 8.6%，领先1.5%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -11.1%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $57.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -8.7%）
卡博特公司是总部位于美国马萨诸塞州波士顿的特种化学品和高性能材料企业，业务覆盖全球20多个国家，拥有36座生产工厂、8个研发中心及28个销售办事处，在特种材料领域具备全球领先的技术和服务能力。
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。
CBT vs RHP — 直观对比
营收规模更大
CBT
是对方的1.2倍
$737.8M
营收增速更快
RHP
高出25.0%
-11.1%
净利率更高
RHP
高出1.5%
8.6%
自由现金流更多
RHP
多$1.5M
$57.0M
两年增速更快
RHP
近两年复合增速
-8.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $849.0M | $737.8M |
| 净利润 | $73.0M | $74.5M |
| 毛利率 | 24.9% | 41.4% |
| 营业利润率 | 15.2% | 19.4% |
| 净利率 | 8.6% | 10.1% |
| 营收同比 | -11.1% | 13.9% |
| 净利润同比 | -21.5% | 3.0% |
| 每股收益（稀释后） | $1.37 | $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CBTRHP
| Q4 25 | $849.0M | $737.8M | ||
| Q3 25 | $899.0M | $592.5M | ||
| Q2 25 | $923.0M | $659.5M | ||
| Q1 25 | $936.0M | $587.3M | ||
| Q4 24 | $955.0M | $647.6M | ||
| Q3 24 | $1.0B | $550.0M | ||
| Q2 24 | $1.0B | $613.3M | ||
| Q1 24 | $1.0B | $528.3M |
净利润CBTRHP
| Q4 25 | $73.0M | $74.5M | ||
| Q3 25 | $43.0M | $34.9M | ||
| Q2 25 | $101.0M | $71.8M | ||
| Q1 25 | $94.0M | $63.0M | ||
| Q4 24 | $93.0M | $72.3M | ||
| Q3 24 | $137.0M | $59.0M | ||
| Q2 24 | $109.0M | $100.8M | ||
| Q1 24 | $84.0M | $42.8M |
毛利率CBTRHP
| Q4 25 | 24.9% | 41.4% | ||
| Q3 25 | 24.5% | 40.9% | ||
| Q2 25 | 26.4% | 49.7% | ||
| Q1 25 | 25.7% | 44.4% | ||
| Q4 24 | 24.6% | 40.4% | ||
| Q3 24 | 24.0% | 43.1% | ||
| Q2 24 | 25.2% | 48.4% | ||
| Q1 24 | 24.1% | 41.5% |
营业利润率CBTRHP
| Q4 25 | 15.2% | 19.4% | ||
| Q3 25 | 15.2% | 15.0% | ||
| Q2 25 | 18.1% | 21.1% | ||
| Q1 25 | 17.3% | 19.8% | ||
| Q4 24 | 16.2% | 18.6% | ||
| Q3 24 | 15.0% | 19.3% | ||
| Q2 24 | 16.9% | 27.4% | ||
| Q1 24 | 15.3% | 18.2% |
净利率CBTRHP
| Q4 25 | 8.6% | 10.1% | ||
| Q3 25 | 4.8% | 5.9% | ||
| Q2 25 | 10.9% | 10.9% | ||
| Q1 25 | 10.0% | 10.7% | ||
| Q4 24 | 9.7% | 11.2% | ||
| Q3 24 | 13.7% | 10.7% | ||
| Q2 24 | 10.7% | 16.4% | ||
| Q1 24 | 8.2% | 8.1% |
每股收益（稀释后）CBTRHP
| Q4 25 | $1.37 | $1.12 | ||
| Q3 25 | $0.80 | $0.53 | ||
| Q2 25 | $1.86 | $1.12 | ||
| Q1 25 | $1.69 | $1.00 | ||
| Q4 24 | $1.67 | $1.12 | ||
| Q3 24 | $2.41 | $0.94 | ||
| Q2 24 | $1.94 | $1.65 | ||
| Q1 24 | $1.49 | $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 | $230.0M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $750.2M |
| 总资产 | $3.8B | $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CBTRHP
| Q4 25 | $230.0M | $471.4M | ||
| Q3 25 | $258.0M | $483.3M | ||
| Q2 25 | $239.0M | $420.6M | ||
| Q1 25 | $213.0M | $413.9M | ||
| Q4 24 | $183.0M | $477.7M | ||
| Q3 24 | $223.0M | $534.9M | ||
| Q2 24 | $197.0M | $498.4M | ||
| Q1 24 | $206.0M | $465.3M |
总债务CBTRHP
| Q4 25 | — | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CBTRHP
| Q4 25 | $1.6B | $750.2M | ||
| Q3 25 | $1.6B | $758.5M | ||
| Q2 25 | $1.5B | $800.4M | ||
| Q1 25 | $1.4B | $531.5M | ||
| Q4 24 | $1.4B | $549.0M | ||
| Q3 24 | $1.4B | $551.9M | ||
| Q2 24 | $1.3B | $562.6M | ||
| Q1 24 | $1.4B | $529.9M |
总资产CBTRHP
| Q4 25 | $3.8B | $6.2B | ||
| Q3 25 | $3.8B | $6.2B | ||
| Q2 25 | $3.8B | $6.1B | ||
| Q1 25 | $3.8B | $5.2B | ||
| Q4 24 | $3.6B | $5.2B | ||
| Q3 24 | $3.7B | $5.2B | ||
| Q2 24 | $3.6B | $5.1B | ||
| Q1 24 | $3.6B | $5.1B |
负债/权益比CBTRHP
| Q4 25 | — | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $126.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $57.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 6.7% | 7.9% |
| 资本支出强度资本支出/营收 | 8.1% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.73× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $401.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流CBTRHP
| Q4 25 | $126.0M | $164.7M | ||
| Q3 25 | $219.0M | $205.2M | ||
| Q2 25 | $249.0M | $122.5M | ||
| Q1 25 | $73.0M | $98.2M | ||
| Q4 24 | $124.0M | $166.6M | ||
| Q3 24 | $204.0M | $218.1M | ||
| Q2 24 | $207.0M | $184.3M | ||
| Q1 24 | $176.0M | $7.5M |
自由现金流CBTRHP
| Q4 25 | $57.0M | $58.5M | ||
| Q3 25 | $155.0M | $135.4M | ||
| Q2 25 | $188.0M | $53.0M | ||
| Q1 25 | $1.0M | $-14.5M | ||
| Q4 24 | $47.0M | $76.0M | ||
| Q3 24 | $112.0M | $85.7M | ||
| Q2 24 | $155.0M | $78.8M | ||
| Q1 24 | $133.0M | $-72.0M |
自由现金流率CBTRHP
| Q4 25 | 6.7% | 7.9% | ||
| Q3 25 | 17.2% | 22.9% | ||
| Q2 25 | 20.4% | 8.0% | ||
| Q1 25 | 0.1% | -2.5% | ||
| Q4 24 | 4.9% | 11.7% | ||
| Q3 24 | 11.2% | 15.6% | ||
| Q2 24 | 15.3% | 12.9% | ||
| Q1 24 | 13.1% | -13.6% |
资本支出强度CBTRHP
| Q4 25 | 8.1% | 14.4% | ||
| Q3 25 | 7.1% | 11.8% | ||
| Q2 25 | 6.6% | 10.5% | ||
| Q1 25 | 7.7% | 19.2% | ||
| Q4 24 | 8.1% | 14.0% | ||
| Q3 24 | 9.2% | 24.1% | ||
| Q2 24 | 5.1% | 17.2% | ||
| Q1 24 | 4.2% | 15.0% |
现金转化率CBTRHP
| Q4 25 | 1.73× | 2.21× | ||
| Q3 25 | 5.09× | 5.88× | ||
| Q2 25 | 2.47× | 1.71× | ||
| Q1 25 | 0.78× | 1.56× | ||
| Q4 24 | 1.33× | 2.30× | ||
| Q3 24 | 1.49× | 3.70× | ||
| Q2 24 | 1.90× | 1.83× | ||
| Q1 24 | 2.10× | 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
CBT
| Reinforcement Materials | $520.0M | 61% |
| Performance Chemicals | $300.0M | 35% |
| Shipping And Handling | $25.0M | 3% |
| Other Products And Services | $4.0M | 0% |
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% |
