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CHOICE HOTELS INTERNATIONAL INC（CHH）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.5倍（$340.6M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 2.3%），过去两年CHOICE HOTELS INTERNATIONAL INC的营收复合增速更高（-11.5% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
CHH vs ROCK — 直观对比
营收规模更大
CHH
是对方的1.5倍
$225.0M
营收增速更快
ROCK
高出22.6%
2.3%
两年增速更快
CHH
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $340.6M | $225.0M |
| 净利润 | $20.0M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 17.6% | 7.9% |
| 净利率 | 5.9% | — |
| 营收同比 | 2.3% | 24.9% |
| 净利润同比 | -54.4% | — |
| 每股收益（稀释后） | $0.44 | — |
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CHHROCK
| Q1 26 | $340.6M | — | ||
| Q4 25 | $390.1M | $225.0M | ||
| Q3 25 | $447.3M | $310.9M | ||
| Q2 25 | $426.4M | $309.5M | ||
| Q1 25 | $332.9M | $290.0M | ||
| Q4 24 | $389.8M | $180.1M | ||
| Q3 24 | $428.0M | $277.1M | ||
| Q2 24 | $435.2M | $273.6M |
净利润CHHROCK
| Q1 26 | $20.0M | — | ||
| Q4 25 | $63.7M | — | ||
| Q3 25 | $180.0M | $-89.1M | ||
| Q2 25 | $81.7M | $26.0M | ||
| Q1 25 | $44.5M | $21.1M | ||
| Q4 24 | $75.8M | — | ||
| Q3 24 | $105.7M | $34.0M | ||
| Q2 24 | $87.1M | $32.2M |
毛利率CHHROCK
| Q1 26 | — | — | ||
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 30.5% |
营业利润率CHHROCK
| Q1 26 | 17.6% | — | ||
| Q4 25 | 26.0% | 7.9% | ||
| Q3 25 | 31.8% | 12.8% | ||
| Q2 25 | 29.2% | 12.8% | ||
| Q1 25 | 24.0% | 8.8% | ||
| Q4 24 | 30.6% | 13.3% | ||
| Q3 24 | 35.5% | 15.6% | ||
| Q2 24 | 30.5% | 14.9% |
净利率CHHROCK
| Q1 26 | 5.9% | — | ||
| Q4 25 | 16.3% | — | ||
| Q3 25 | 40.2% | -28.6% | ||
| Q2 25 | 19.2% | 8.4% | ||
| Q1 25 | 13.4% | 7.3% | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 24.7% | 12.3% | ||
| Q2 24 | 20.0% | 11.8% |
每股收益（稀释后）CHHROCK
| Q1 26 | $0.44 | — | ||
| Q4 25 | $1.35 | — | ||
| Q3 25 | $3.86 | $-2.98 | ||
| Q2 25 | $1.75 | $0.87 | ||
| Q1 25 | $0.94 | — | ||
| Q4 24 | $1.56 | — | ||
| Q3 24 | $2.22 | $1.11 | ||
| Q2 24 | $1.80 | $1.05 |
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 | $115.7M |
| 总债务越低越好 | $2.0B | $0 |
| 股东权益账面价值 | $137.4M | $950.4M |
| 总资产 | $2.9B | $1.4B |
| 负债/权益比越低杠杆越低 | 14.58× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CHHROCK
| Q1 26 | $43.9M | — | ||
| Q4 25 | $45.0M | $115.7M | ||
| Q3 25 | $52.6M | $89.4M | ||
| Q2 25 | $58.6M | $43.3M | ||
| Q1 25 | $40.1M | $25.1M | ||
| Q4 24 | $40.2M | $269.5M | ||
| Q3 24 | $58.6M | $228.9M | ||
| Q2 24 | $60.4M | $179.1M |
总债务CHHROCK
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $0 | ||
| Q3 25 | $1.9B | $0 | ||
| Q2 25 | $1.9B | $0 | ||
| Q1 25 | $1.9B | $0 | ||
| Q4 24 | $1.8B | $0 | ||
| Q3 24 | $1.8B | $0 | ||
| Q2 24 | $1.9B | $0 |
股东权益CHHROCK
| Q1 26 | $137.4M | — | ||
| Q4 25 | $181.2M | $950.4M | ||
| Q3 25 | $149.8M | $951.8M | ||
| Q2 25 | $-26.2M | $1.0B | ||
| Q1 25 | $-63.9M | $1.0B | ||
| Q4 24 | $-45.3M | $1.0B | ||
| Q3 24 | $-96.2M | $1.0B | ||
| Q2 24 | $-146.8M | $975.7M |
总资产CHHROCK
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.7B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.4B |
负债/权益比CHHROCK
| Q1 26 | 14.58× | — | ||
| Q4 25 | 10.52× | 0.00× | ||
| Q3 25 | 12.81× | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — | $35.5M |
| 自由现金流经营现金流 - 资本支出 | — | $26.2M |
| 自由现金流率自由现金流/营收 | — | 11.7% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 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 | — | $120.6M |
8季度趋势，按日历期对齐
经营现金流CHHROCK
| Q1 26 | — | — | ||
| Q4 25 | $85.7M | $35.5M | ||
| Q3 25 | $68.7M | $73.0M | ||
| Q2 25 | $95.6M | $44.9M | ||
| Q1 25 | $20.5M | $13.7M | ||
| Q4 24 | $82.9M | $19.9M | ||
| Q3 24 | $122.9M | $64.7M | ||
| Q2 24 | $111.9M | $36.5M |
自由现金流CHHROCK
| Q1 26 | — | — | ||
| Q4 25 | $64.1M | $26.2M | ||
| Q3 25 | $49.1M | $64.8M | ||
| Q2 25 | $65.4M | $27.3M | ||
| Q1 25 | $-15.0M | $2.3M | ||
| Q4 24 | $57.4M | $14.1M | ||
| Q3 24 | $92.6M | $60.5M | ||
| Q2 24 | $86.6M | $33.5M |
自由现金流率CHHROCK
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | 11.7% | ||
| Q3 25 | 11.0% | 20.8% | ||
| Q2 25 | 15.3% | 8.8% | ||
| Q1 25 | -4.5% | 0.8% | ||
| Q4 24 | 14.7% | 7.8% | ||
| Q3 24 | 21.6% | 21.8% | ||
| Q2 24 | 19.9% | 12.2% |
资本支出强度CHHROCK
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 4.1% | ||
| Q3 25 | 4.4% | 2.6% | ||
| Q2 25 | 7.1% | 5.7% | ||
| Q1 25 | 10.7% | 3.9% | ||
| Q4 24 | 6.5% | 3.3% | ||
| Q3 24 | 7.1% | 1.5% | ||
| Q2 24 | 5.8% | 1.1% |
现金转化率CHHROCK
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 1.17× | 1.73× | ||
| Q1 25 | 0.46× | 0.65× | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.16× | 1.90× | ||
| Q2 24 | 1.28× | 1.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
