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CHOICE HOTELS INTERNATIONAL INC（CHH）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
CHOICE HOTELS INTERNATIONAL INC的季度营收约是Rocket Lab Corp的1.9倍（$340.6M vs $179.7M），CHOICE HOTELS INTERNATIONAL INC净利率更高（5.9% vs -29.5%，领先35.3%），Rocket Lab Corp同比增速更快（35.7% vs 2.3%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -11.5%）
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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
CHH vs RKLB — 直观对比
营收规模更大
CHH
是对方的1.9倍
$179.7M
营收增速更快
RKLB
高出33.4%
2.3%
净利率更高
CHH
高出35.3%
-29.5%
两年增速更快
RKLB
近两年复合增速
-11.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $340.6M | $179.7M |
| 净利润 | $20.0M | $-52.9M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 17.6% | -28.4% |
| 净利率 | 5.9% | -29.5% |
| 营收同比 | 2.3% | 35.7% |
| 净利润同比 | -54.4% | -1.1% |
| 每股收益（稀释后） | $0.44 | $-0.09 |
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CHHRKLB
| Q1 26 | $340.6M | — | ||
| Q4 25 | $390.1M | $179.7M | ||
| Q3 25 | $447.3M | $155.1M | ||
| Q2 25 | $426.4M | $144.5M | ||
| Q1 25 | $332.9M | $122.6M | ||
| Q4 24 | $389.8M | $132.4M | ||
| Q3 24 | $428.0M | $104.8M | ||
| Q2 24 | $435.2M | $106.3M |
净利润CHHRKLB
| Q1 26 | $20.0M | — | ||
| Q4 25 | $63.7M | $-52.9M | ||
| Q3 25 | $180.0M | $-18.3M | ||
| Q2 25 | $81.7M | $-66.4M | ||
| Q1 25 | $44.5M | $-60.6M | ||
| Q4 24 | $75.8M | $-52.3M | ||
| Q3 24 | $105.7M | $-51.9M | ||
| Q2 24 | $87.1M | $-41.6M |
毛利率CHHRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.1% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 26.7% | ||
| Q2 24 | — | 25.6% |
营业利润率CHHRKLB
| Q1 26 | 17.6% | — | ||
| Q4 25 | 26.0% | -28.4% | ||
| Q3 25 | 31.8% | -38.0% | ||
| Q2 25 | 29.2% | -41.3% | ||
| Q1 25 | 24.0% | -48.3% | ||
| Q4 24 | 30.6% | -38.9% | ||
| Q3 24 | 35.5% | -49.5% | ||
| Q2 24 | 30.5% | -40.7% |
净利率CHHRKLB
| Q1 26 | 5.9% | — | ||
| Q4 25 | 16.3% | -29.5% | ||
| Q3 25 | 40.2% | -11.8% | ||
| Q2 25 | 19.2% | -46.0% | ||
| Q1 25 | 13.4% | -49.5% | ||
| Q4 24 | 19.4% | -39.5% | ||
| Q3 24 | 24.7% | -49.6% | ||
| Q2 24 | 20.0% | -39.2% |
每股收益（稀释后）CHHRKLB
| Q1 26 | $0.44 | — | ||
| Q4 25 | $1.35 | $-0.09 | ||
| Q3 25 | $3.86 | $-0.03 | ||
| Q2 25 | $1.75 | $-0.13 | ||
| Q1 25 | $0.94 | $-0.12 | ||
| Q4 24 | $1.56 | $-0.11 | ||
| Q3 24 | $2.22 | $-0.10 | ||
| Q2 24 | $1.80 | $-0.08 |
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 | $43.9M | $1.0B |
| 总债务越低越好 | $2.0B | $152.4M |
| 股东权益账面价值 | $137.4M | $1.7B |
| 总资产 | $2.9B | $2.3B |
| 负债/权益比越低杠杆越低 | 14.58× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CHHRKLB
| Q1 26 | $43.9M | — | ||
| Q4 25 | $45.0M | $1.0B | ||
| Q3 25 | $52.6M | $976.7M | ||
| Q2 25 | $58.6M | $688.1M | ||
| Q1 25 | $40.1M | $428.4M | ||
| Q4 24 | $40.2M | $419.0M | ||
| Q3 24 | $58.6M | $442.4M | ||
| Q2 24 | $60.4M | $496.8M |
总债务CHHRKLB
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $152.4M | ||
| Q3 25 | $1.9B | $347.0M | ||
| Q2 25 | $1.9B | $346.5M | ||
| Q1 25 | $1.9B | $345.9M | ||
| Q4 24 | $1.8B | $345.4M | ||
| Q3 24 | $1.8B | $61.2M | ||
| Q2 24 | $1.9B | $64.2M |
股东权益CHHRKLB
| Q1 26 | $137.4M | — | ||
| Q4 25 | $181.2M | $1.7B | ||
| Q3 25 | $149.8M | $1.3B | ||
| Q2 25 | $-26.2M | $688.5M | ||
| Q1 25 | $-63.9M | $431.3M | ||
| Q4 24 | $-45.3M | $382.5M | ||
| Q3 24 | $-96.2M | $419.8M | ||
| Q2 24 | $-146.8M | $455.2M |
总资产CHHRKLB
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $2.3B | ||
| Q3 25 | $2.9B | $2.2B | ||
| Q2 25 | $2.7B | $1.6B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B |
负债/权益比CHHRKLB
| Q1 26 | 14.58× | — | ||
| Q4 25 | 10.52× | 0.09× | ||
| Q3 25 | 12.81× | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× |
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 | — | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 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 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CHHRKLB
| Q1 26 | — | — | ||
| Q4 25 | $85.7M | $-64.5M | ||
| Q3 25 | $68.7M | $-23.5M | ||
| Q2 25 | $95.6M | $-23.2M | ||
| Q1 25 | $20.5M | $-54.2M | ||
| Q4 24 | $82.9M | $-2.4M | ||
| Q3 24 | $122.9M | $-30.9M | ||
| Q2 24 | $111.9M | $-13.0M |
自由现金流CHHRKLB
| Q1 26 | — | — | ||
| Q4 25 | $64.1M | $-114.2M | ||
| Q3 25 | $49.1M | $-69.4M | ||
| Q2 25 | $65.4M | $-55.3M | ||
| Q1 25 | $-15.0M | $-82.9M | ||
| Q4 24 | $57.4M | $-23.9M | ||
| Q3 24 | $92.6M | $-41.9M | ||
| Q2 24 | $86.6M | $-28.3M |
自由现金流率CHHRKLB
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | -63.6% | ||
| Q3 25 | 11.0% | -44.8% | ||
| Q2 25 | 15.3% | -38.3% | ||
| Q1 25 | -4.5% | -67.6% | ||
| Q4 24 | 14.7% | -18.1% | ||
| Q3 24 | 21.6% | -40.0% | ||
| Q2 24 | 19.9% | -26.7% |
资本支出强度CHHRKLB
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 27.6% | ||
| Q3 25 | 4.4% | 29.6% | ||
| Q2 25 | 7.1% | 22.2% | ||
| Q1 25 | 10.7% | 23.4% | ||
| Q4 24 | 6.5% | 16.3% | ||
| Q3 24 | 7.1% | 10.5% | ||
| Q2 24 | 5.8% | 14.4% |
现金转化率CHHRKLB
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 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
CHH
| Franchise and management fees | $149.6M | 44% |
| Other | $135.8M | 40% |
| Owned hotels | $30.4M | 9% |
| Partnership services and fees | $24.7M | 7% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
