vs
CHOICE HOTELS INTERNATIONAL INC（CHH）与Soho House & Co Inc.（SHCO）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Soho House & Co Inc.的1.1倍（$390.1M vs $370.8M），CHOICE HOTELS INTERNATIONAL INC净利率更高（16.3% vs -5.0%，领先21.4%），Soho House & Co Inc.同比增速更快（11.2% vs 0.1%），CHOICE HOTELS INTERNATIONAL INC自由现金流更多（$64.1M vs $3.5M），过去两年Soho House & Co Inc.的营收复合增速更高（13.5% vs 8.4%）
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。
Soho House & Co Inc.是面向媒体、艺术及时尚领域从业者的国际私人会员俱乐部，主打为创意产业相关人群提供专属社交、休闲与资源对接空间，在全球多个核心城市布局线下据点，服务注重圈层属性与文化氛围的高端用户群体。
CHH vs SHCO — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.1M | $370.8M |
| 净利润 | $63.7M | $-18.7M |
| 毛利率 | — | — |
| 营业利润率 | 26.0% | -1.6% |
| 净利率 | 16.3% | -5.0% |
| 营收同比 | 0.1% | 11.2% |
| 净利润同比 | -16.0% | -10790.3% |
| 每股收益（稀释后） | $1.35 | $-0.10 |
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
| Q4 25 | $390.1M | — | ||
| Q3 25 | $447.3M | $370.8M | ||
| Q2 25 | $426.4M | $329.8M | ||
| Q1 25 | $332.9M | $282.9M | ||
| Q4 24 | $389.8M | $305.6M | ||
| Q3 24 | $428.0M | $333.4M | ||
| Q2 24 | $435.2M | $302.9M | ||
| Q1 24 | $331.9M | $261.9M |
| Q4 25 | $63.7M | — | ||
| Q3 25 | $180.0M | $-18.7M | ||
| Q2 25 | $81.7M | $24.9M | ||
| Q1 25 | $44.5M | $8.2M | ||
| Q4 24 | $75.8M | $-91.7M | ||
| Q3 24 | $105.7M | $175.0K | ||
| Q2 24 | $87.1M | $-29.9M | ||
| Q1 24 | $31.0M | $-41.6M |
| Q4 25 | 26.0% | — | ||
| Q3 25 | 31.8% | -1.6% | ||
| Q2 25 | 29.2% | 18.1% | ||
| Q1 25 | 24.0% | 12.3% | ||
| Q4 24 | 30.6% | -23.1% | ||
| Q3 24 | 35.5% | 11.4% | ||
| Q2 24 | 30.5% | -4.3% | ||
| Q1 24 | 18.1% | -9.3% |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 40.2% | -5.0% | ||
| Q2 25 | 19.2% | 7.5% | ||
| Q1 25 | 13.4% | 2.9% | ||
| Q4 24 | 19.4% | -30.0% | ||
| Q3 24 | 24.7% | 0.1% | ||
| Q2 24 | 20.0% | -9.9% | ||
| Q1 24 | 9.3% | -15.9% |
| Q4 25 | $1.35 | — | ||
| Q3 25 | $3.86 | $-0.10 | ||
| Q2 25 | $1.75 | $0.13 | ||
| Q1 25 | $0.94 | $0.04 | ||
| Q4 24 | $1.56 | $-0.48 | ||
| Q3 24 | $2.22 | $0.00 | ||
| Q2 24 | $1.80 | $-0.15 | ||
| Q1 24 | $0.62 | $-0.21 |
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 | $142.5M |
| 总债务越低越好 | $1.9B | $735.8M |
| 股东权益账面价值 | $181.2M | $-351.6M |
| 总资产 | $2.9B | $2.7B |
| 负债/权益比越低杠杆越低 | 10.52× | — |
8季度趋势，按日历期对齐
| Q4 25 | $45.0M | — | ||
| Q3 25 | $52.6M | $142.5M | ||
| Q2 25 | $58.6M | $150.3M | ||
| Q1 25 | $40.1M | $150.1M | ||
| Q4 24 | $40.2M | $152.7M | ||
| Q3 24 | $58.6M | $142.8M | ||
| Q2 24 | $60.4M | $148.5M | ||
| Q1 24 | $42.1M | $139.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $735.8M | ||
| Q2 25 | $1.9B | $729.8M | ||
| Q1 25 | $1.9B | $705.1M | ||
| Q4 24 | $1.8B | $691.5M | ||
| Q3 24 | $1.8B | $694.8M | ||
| Q2 24 | $1.9B | $682.1M | ||
| Q1 24 | $1.7B | $671.7M |
| Q4 25 | $181.2M | — | ||
| Q3 25 | $149.8M | $-351.6M | ||
| Q2 25 | $-26.2M | $-348.6M | ||
| Q1 25 | $-63.9M | $-340.1M | ||
| Q4 24 | $-45.3M | $-335.1M | ||
| Q3 24 | $-96.2M | $-279.4M | ||
| Q2 24 | $-146.8M | $-231.7M | ||
| Q1 24 | $6.7M | $-193.0M |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | $2.7B | $2.6B | ||
| Q1 25 | $2.6B | $2.5B | ||
| Q4 24 | $2.5B | $2.4B | ||
| Q3 24 | $2.5B | $2.6B | ||
| Q2 24 | $2.5B | $2.6B | ||
| Q1 24 | $2.5B | $2.5B |
| 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 | $34.9M |
| 自由现金流经营现金流 - 资本支出 | $64.1M | $3.5M |
| 自由现金流率自由现金流/营收 | 16.4% | 0.9% |
| 资本支出强度资本支出/营收 | 5.5% | 8.5% |
| 现金转化率经营现金流/净利润 | 1.35× | — |
| 过去12个月自由现金流最近4个季度 | $163.6M | $41.9M |
8季度趋势，按日历期对齐
| Q4 25 | $85.7M | — | ||
| Q3 25 | $68.7M | $34.9M | ||
| Q2 25 | $95.6M | $41.0M | ||
| Q1 25 | $20.5M | $22.8M | ||
| Q4 24 | $82.9M | $26.9M | ||
| Q3 24 | $122.9M | $20.6M | ||
| Q2 24 | $111.9M | $36.0M | ||
| Q1 24 | $1.7M | $6.2M |
| Q4 25 | $64.1M | — | ||
| Q3 25 | $49.1M | $3.5M | ||
| Q2 25 | $65.4M | $12.4M | ||
| Q1 25 | $-15.0M | $7.5M | ||
| Q4 24 | $57.4M | $18.5M | ||
| Q3 24 | $92.6M | $10.3M | ||
| Q2 24 | $86.6M | $10.2M | ||
| Q1 24 | $-23.8M | $-13.5M |
| Q4 25 | 16.4% | — | ||
| Q3 25 | 11.0% | 0.9% | ||
| Q2 25 | 15.3% | 3.8% | ||
| Q1 25 | -4.5% | 2.7% | ||
| Q4 24 | 14.7% | 6.1% | ||
| Q3 24 | 21.6% | 3.1% | ||
| Q2 24 | 19.9% | 3.4% | ||
| Q1 24 | -7.2% | -5.2% |
| Q4 25 | 5.5% | — | ||
| Q3 25 | 4.4% | 8.5% | ||
| Q2 25 | 7.1% | 8.7% | ||
| Q1 25 | 10.7% | 5.4% | ||
| Q4 24 | 6.5% | 2.7% | ||
| Q3 24 | 7.1% | 3.1% | ||
| Q2 24 | 5.8% | 8.5% | ||
| Q1 24 | 7.7% | 7.5% |
| Q4 25 | 1.35× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 1.17× | 1.65× | ||
| Q1 25 | 0.46× | 2.79× | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.16× | 117.70× | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 0.06× | — |
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% |
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
