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Crown Castle（CCI）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
Crown Castle的季度营收约是Ryman Hospitality Properties, Inc.的1.5倍（$1.0B vs $664.6M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs -45.9%，领先56.4%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs -4.8%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（4.1% vs -4.5%）
Crown Castle Inc.是总部位于美国得克萨斯州休斯敦的房地产投资信托企业，同时是美国共享通信基础设施服务商，在全球设有100个办事处，旗下拥有超4万座信号塔、约8.5万英里光纤线路，为小基站及光纤系统提供网络支撑。
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。
CCI vs RHP — 直观对比
营收规模更大
CCI
是对方的1.5倍
$664.6M
营收增速更快
RHP
高出18.0%
-4.8%
净利率更高
RHP
高出56.4%
-45.9%
两年增速更快
RHP
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $664.6M |
| 净利润 | $-464.0M | $69.4M |
| 毛利率 | — | — |
| 营业利润率 | 46.0% | 20.7% |
| 净利率 | -45.9% | 10.4% |
| 营收同比 | -4.8% | 13.2% |
| 净利润同比 | — | 10.1% |
| 每股收益（稀释后） | $1.48 | $1.03 |
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CCIRHP
| Q1 26 | $1.0B | $664.6M | ||
| Q4 25 | $1.1B | $737.8M | ||
| Q3 25 | $1.1B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.1B | $587.3M | ||
| Q4 24 | $1.1B | $647.6M | ||
| Q3 24 | $1.1B | $550.0M | ||
| Q2 24 | $1.1B | $613.3M |
净利润CCIRHP
| Q1 26 | $-464.0M | $69.4M | ||
| Q4 25 | $294.0M | $74.5M | ||
| Q3 25 | $323.0M | $34.9M | ||
| Q2 25 | $291.0M | $71.8M | ||
| Q1 25 | $-464.0M | $63.0M | ||
| Q4 24 | — | $72.3M | ||
| Q3 24 | $303.0M | $59.0M | ||
| Q2 24 | $251.0M | $100.8M |
毛利率CCIRHP
| Q1 26 | — | — | ||
| Q4 25 | 97.4% | 41.4% | ||
| Q3 25 | 97.2% | 40.9% | ||
| Q2 25 | 97.5% | 49.7% | ||
| Q1 25 | 97.4% | 44.4% | ||
| Q4 24 | 97.7% | 40.4% | ||
| Q3 24 | 97.6% | 43.1% | ||
| Q2 24 | 97.7% | 48.4% |
营业利润率CCIRHP
| Q1 26 | 46.0% | 20.7% | ||
| Q4 25 | 48.8% | 19.4% | ||
| Q3 25 | 49.0% | 15.0% | ||
| Q2 25 | 47.7% | 21.1% | ||
| Q1 25 | 49.1% | 19.8% | ||
| Q4 24 | 51.0% | 18.6% | ||
| Q3 24 | 47.5% | 19.3% | ||
| Q2 24 | 44.7% | 27.4% |
净利率CCIRHP
| Q1 26 | -45.9% | 10.4% | ||
| Q4 25 | 27.5% | 10.1% | ||
| Q3 25 | 30.1% | 5.9% | ||
| Q2 25 | 27.5% | 10.9% | ||
| Q1 25 | -43.7% | 10.7% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | 27.1% | 10.7% | ||
| Q2 24 | 22.7% | 16.4% |
每股收益（稀释后）CCIRHP
| Q1 26 | $1.48 | $1.03 | ||
| Q4 25 | $0.67 | $1.12 | ||
| Q3 25 | $0.74 | $0.53 | ||
| Q2 25 | $0.67 | $1.12 | ||
| Q1 25 | $-1.07 | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | $0.70 | $0.94 | ||
| Q2 24 | $0.58 | $1.65 |
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 | $55.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $770.8M |
| 总资产 | $31.4B | $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CCIRHP
| Q1 26 | $55.0M | — | ||
| Q4 25 | $99.0M | $471.4M | ||
| Q3 25 | $57.0M | $483.3M | ||
| Q2 25 | $94.0M | $420.6M | ||
| Q1 25 | $60.0M | $413.9M | ||
| Q4 24 | $100.0M | $477.7M | ||
| Q3 24 | $194.0M | $534.9M | ||
| Q2 24 | $155.0M | $498.4M |
总债务CCIRHP
| Q1 26 | — | — | ||
| Q4 25 | $21.6B | — | ||
| Q3 25 | $21.6B | — | ||
| Q2 25 | $22.0B | — | ||
| Q1 25 | $22.9B | — | ||
| Q4 24 | $23.5B | — | ||
| Q3 24 | $23.5B | — | ||
| Q2 24 | $22.9B | — |
股东权益CCIRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $-1.6B | $750.2M | ||
| Q3 25 | $-1.5B | $758.5M | ||
| Q2 25 | $-1.4B | $800.4M | ||
| Q1 25 | $-1.3B | $531.5M | ||
| Q4 24 | $-133.0M | $549.0M | ||
| Q3 24 | $5.3B | $551.9M | ||
| Q2 24 | $5.7B | $562.6M |
总资产CCIRHP
| Q1 26 | $31.4B | $6.2B | ||
| Q4 25 | $31.5B | $6.2B | ||
| Q3 25 | $31.5B | $6.2B | ||
| Q2 25 | $31.6B | $6.1B | ||
| Q1 25 | $31.8B | $5.2B | ||
| Q4 24 | $32.7B | $5.2B | ||
| Q3 24 | $38.0B | $5.2B | ||
| Q2 24 | $38.2B | $5.1B |
负债/权益比CCIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.43× | — | ||
| Q2 24 | 4.04× | — |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-43.0M | — |
| 自由现金流率自由现金流/营收 | -4.3% | — |
| 资本支出强度资本支出/营收 | 1.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $4.3B | — |
8季度趋势，按日历期对齐
经营现金流CCIRHP
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $164.7M | ||
| Q3 25 | $714.0M | $205.2M | ||
| Q2 25 | $832.0M | $122.5M | ||
| Q1 25 | $641.0M | $98.2M | ||
| Q4 24 | $2.9B | $166.6M | ||
| Q3 24 | $699.0M | $218.1M | ||
| Q2 24 | $768.0M | $184.3M |
自由现金流CCIRHP
| Q1 26 | $-43.0M | — | ||
| Q4 25 | $2.9B | $58.5M | ||
| Q3 25 | $671.0M | $135.4M | ||
| Q2 25 | $792.0M | $53.0M | ||
| Q1 25 | $601.0M | $-14.5M | ||
| Q4 24 | $2.8B | $76.0M | ||
| Q3 24 | $661.0M | $85.7M | ||
| Q2 24 | $729.0M | $78.8M |
自由现金流率CCIRHP
| Q1 26 | -4.3% | — | ||
| Q4 25 | 268.4% | 7.9% | ||
| Q3 25 | 62.6% | 22.9% | ||
| Q2 25 | 74.7% | 8.0% | ||
| Q1 25 | 56.6% | -2.5% | ||
| Q4 24 | 247.3% | 11.7% | ||
| Q3 24 | 59.0% | 15.6% | ||
| Q2 24 | 65.9% | 12.9% |
资本支出强度CCIRHP
| Q1 26 | 1.0% | — | ||
| Q4 25 | 17.0% | 14.4% | ||
| Q3 25 | 4.0% | 11.8% | ||
| Q2 25 | 3.8% | 10.5% | ||
| Q1 25 | 3.8% | 19.2% | ||
| Q4 24 | 15.7% | 14.0% | ||
| Q3 24 | 3.4% | 24.1% | ||
| Q2 24 | 3.5% | 17.2% |
现金转化率CCIRHP
| Q1 26 | — | — | ||
| Q4 25 | 10.40× | 2.21× | ||
| Q3 25 | 2.21× | 5.88× | ||
| Q2 25 | 2.86× | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 2.31× | 3.70× | ||
| Q2 24 | 3.06× | 1.83× |
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
CCI
| Site rental | $961.0M | 95% |
| Services and other | $49.0M | 5% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
