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CHOICE HOTELS INTERNATIONAL INC（CHH）与Criteo S.A.（CRTO）财务数据对比。点击上方公司名可切换其他公司
Criteo S.A.的季度营收约是CHOICE HOTELS INTERNATIONAL INC的1.2倍（$482.7M vs $390.1M），CHOICE HOTELS INTERNATIONAL INC净利率更高（16.3% vs 4.4%，领先11.9%），Criteo S.A.同比增速更快（2.4% vs 0.1%），CHOICE HOTELS INTERNATIONAL INC自由现金流更多（$64.1M vs $-36.6M），过去两年CHOICE HOTELS INTERNATIONAL INC的营收复合增速更高（8.4% vs 1.4%）
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。
Criteo S.A.是一家总部位于法国巴黎的广告服务商，专注于为客户提供在线展示广告服务，帮助品牌与媒体触达目标受众，是全球互联网广告领域的知名企业，深耕效果营销领域多年，服务众多跨境与本土客户。
CHH vs CRTO — 直观对比
营收规模更大
CRTO
是对方的1.2倍
$390.1M
营收增速更快
CRTO
高出2.3%
0.1%
净利率更高
CHH
高出11.9%
4.4%
自由现金流更多
CHH
多$100.8M
$-36.6M
两年增速更快
CHH
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.1M | $482.7M |
| 净利润 | $63.7M | $21.3M |
| 毛利率 | — | 53.6% |
| 营业利润率 | 26.0% | 6.3% |
| 净利率 | 16.3% | 4.4% |
| 营收同比 | 0.1% | 2.4% |
| 净利润同比 | -16.0% | -21.3% |
| 每股收益（稀释后） | $1.35 | $0.39 |
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CHHCRTO
| Q4 25 | $390.1M | — | ||
| Q3 25 | $447.3M | — | ||
| Q2 25 | $426.4M | $482.7M | ||
| Q1 25 | $332.9M | $451.4M | ||
| Q4 24 | $389.8M | $553.0M | ||
| Q3 24 | $428.0M | $458.9M | ||
| Q2 24 | $435.2M | $471.3M | ||
| Q1 24 | $331.9M | $450.1M |
净利润CHHCRTO
| Q4 25 | $63.7M | — | ||
| Q3 25 | $180.0M | — | ||
| Q2 25 | $81.7M | $21.3M | ||
| Q1 25 | $44.5M | $37.9M | ||
| Q4 24 | $75.8M | $71.1M | ||
| Q3 24 | $105.7M | $6.2M | ||
| Q2 24 | $87.1M | $27.0M | ||
| Q1 24 | $31.0M | $7.2M |
毛利率CHHCRTO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 52.5% | ||
| Q4 24 | — | 54.4% | ||
| Q3 24 | — | 50.5% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 48.3% |
营业利润率CHHCRTO
| Q4 25 | 26.0% | — | ||
| Q3 25 | 31.8% | — | ||
| Q2 25 | 29.2% | 6.3% | ||
| Q1 25 | 24.0% | 10.7% | ||
| Q4 24 | 30.6% | 17.1% | ||
| Q3 24 | 35.5% | 2.1% | ||
| Q2 24 | 30.5% | 7.8% | ||
| Q1 24 | 18.1% | 2.3% |
净利率CHHCRTO
| Q4 25 | 16.3% | — | ||
| Q3 25 | 40.2% | — | ||
| Q2 25 | 19.2% | 4.4% | ||
| Q1 25 | 13.4% | 8.4% | ||
| Q4 24 | 19.4% | 12.9% | ||
| Q3 24 | 24.7% | 1.4% | ||
| Q2 24 | 20.0% | 5.7% | ||
| Q1 24 | 9.3% | 1.6% |
每股收益（稀释后）CHHCRTO
| Q4 25 | $1.35 | — | ||
| Q3 25 | $3.86 | — | ||
| Q2 25 | $1.75 | $0.39 | ||
| Q1 25 | $0.94 | $0.66 | ||
| Q4 24 | $1.56 | $1.21 | ||
| Q3 24 | $2.22 | $0.11 | ||
| Q2 24 | $1.80 | $0.46 | ||
| Q1 24 | $0.62 | $0.12 |
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 | $223.6M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $181.2M | $1.1B |
| 总资产 | $2.9B | $2.1B |
| 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CHHCRTO
| Q4 25 | $45.0M | — | ||
| Q3 25 | $52.6M | — | ||
| Q2 25 | $58.6M | $223.6M | ||
| Q1 25 | $40.1M | $313.2M | ||
| Q4 24 | $40.2M | $316.9M | ||
| Q3 24 | $58.6M | $231.8M | ||
| Q2 24 | $60.4M | $233.2M | ||
| Q1 24 | $42.1M | $278.1M |
总债务CHHCRTO
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.7B | — |
股东权益CHHCRTO
| Q4 25 | $181.2M | — | ||
| Q3 25 | $149.8M | — | ||
| Q2 25 | $-26.2M | $1.1B | ||
| Q1 25 | $-63.9M | $1.1B | ||
| Q4 24 | $-45.3M | $1.0B | ||
| Q3 24 | $-96.2M | $1.1B | ||
| Q2 24 | $-146.8M | $1.0B | ||
| Q1 24 | $6.7M | $1.0B |
总资产CHHCRTO
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.7B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.5B | $2.2B | ||
| Q1 24 | $2.5B | $2.2B |
负债/权益比CHHCRTO
| Q4 25 | 10.52× | — | ||
| Q3 25 | 12.81× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 252.00× | — |
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 | $-1.4M |
| 自由现金流经营现金流 - 资本支出 | $64.1M | $-36.6M |
| 自由现金流率自由现金流/营收 | 16.4% | -7.6% |
| 资本支出强度资本支出/营收 | 5.5% | 7.3% |
| 现金转化率经营现金流/净利润 | 1.35× | -0.07× |
| 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CHHCRTO
| Q4 25 | $85.7M | — | ||
| Q3 25 | $68.7M | — | ||
| Q2 25 | $95.6M | $-1.4M | ||
| Q1 25 | $20.5M | $62.3M | ||
| Q4 24 | $82.9M | $169.5M | ||
| Q3 24 | $122.9M | $57.5M | ||
| Q2 24 | $111.9M | $17.2M | ||
| Q1 24 | $1.7M | $14.0M |
自由现金流CHHCRTO
| Q4 25 | $64.1M | — | ||
| Q3 25 | $49.1M | — | ||
| Q2 25 | $65.4M | $-36.6M | ||
| Q1 25 | $-15.0M | $45.3M | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $92.6M | — | ||
| Q2 24 | $86.6M | $-4.0M | ||
| Q1 24 | $-23.8M | $173.0K |
自由现金流率CHHCRTO
| Q4 25 | 16.4% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 15.3% | -7.6% | ||
| Q1 25 | -4.5% | 10.0% | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 21.6% | — | ||
| Q2 24 | 19.9% | -0.9% | ||
| Q1 24 | -7.2% | 0.0% |
资本支出强度CHHCRTO
| Q4 25 | 5.5% | — | ||
| Q3 25 | 4.4% | — | ||
| Q2 25 | 7.1% | 7.3% | ||
| Q1 25 | 10.7% | 3.8% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 5.8% | 4.5% | ||
| Q1 24 | 7.7% | 3.1% |
现金转化率CHHCRTO
| Q4 25 | 1.35× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 1.17× | -0.07× | ||
| Q1 25 | 0.46× | 1.64× | ||
| Q4 24 | 1.09× | 2.38× | ||
| Q3 24 | 1.16× | 9.21× | ||
| Q2 24 | 1.28× | 0.64× | ||
| Q1 24 | 0.06× | 1.93× |
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
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% |
CRTO
| Commerce Growth | $393.9M | 82% |
| Retail Media | $60.9M | 13% |
| Other | $27.9M | 6% |
