vs
Core Natural Resources, Inc.（CNR）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
Core Natural Resources, Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.4倍（$1.0B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -7.6%，领先17.7%），Core Natural Resources, Inc.同比增速更快（81.8% vs 13.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $26.0M），过去两年Core Natural Resources, Inc.的营收复合增速更高（38.1% vs 18.2%）
Arch Resources（原阿奇煤炭）曾是美国煤炭开采加工企业，为美国第二大煤炭供应商，仅次于皮博迪能源，2011年占据美国国内15%的市场份额，主营低硫烟煤、次烟煤的开采、加工与销售，客户以发电企业为主。
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。
CNR vs RHP — 直观对比
营收规模更大
CNR
是对方的1.4倍
$737.8M
营收增速更快
CNR
高出67.8%
13.9%
净利率更高
RHP
高出17.7%
-7.6%
自由现金流更多
RHP
多$32.5M
$26.0M
两年增速更快
CNR
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $737.8M |
| 净利润 | $-79.0M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | -9.3% | 19.4% |
| 净利率 | -7.6% | 10.1% |
| 营收同比 | 81.8% | 13.9% |
| 净利润同比 | -356.3% | 3.0% |
| 每股收益（稀释后） | $-1.51 | $1.12 |
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CNRRHP
| Q4 25 | $1.0B | $737.8M | ||
| Q3 25 | $1.0B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.0B | $587.3M | ||
| Q4 24 | $573.6M | $647.6M | ||
| Q3 24 | $553.4M | $550.0M | ||
| Q2 24 | $490.7M | $613.3M | ||
| Q1 24 | $546.7M | $528.3M |
净利润CNRRHP
| Q4 25 | $-79.0M | $74.5M | ||
| Q3 25 | $31.6M | $34.9M | ||
| Q2 25 | $-36.6M | $71.8M | ||
| Q1 25 | $-69.3M | $63.0M | ||
| Q4 24 | $30.8M | $72.3M | ||
| Q3 24 | $95.6M | $59.0M | ||
| Q2 24 | $58.1M | $100.8M | ||
| Q1 24 | $101.9M | $42.8M |
毛利率CNRRHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
营业利润率CNRRHP
| Q4 25 | -9.3% | 19.4% | ||
| Q3 25 | -1.2% | 15.0% | ||
| Q2 25 | -1.7% | 21.1% | ||
| Q1 25 | -5.3% | 19.8% | ||
| Q4 24 | 6.6% | 18.6% | ||
| Q3 24 | 21.2% | 19.3% | ||
| Q2 24 | 14.6% | 27.4% | ||
| Q1 24 | 22.7% | 18.2% |
净利率CNRRHP
| Q4 25 | -7.6% | 10.1% | ||
| Q3 25 | 3.2% | 5.9% | ||
| Q2 25 | -3.3% | 10.9% | ||
| Q1 25 | -6.8% | 10.7% | ||
| Q4 24 | 5.4% | 11.2% | ||
| Q3 24 | 17.3% | 10.7% | ||
| Q2 24 | 11.8% | 16.4% | ||
| Q1 24 | 18.6% | 8.1% |
每股收益（稀释后）CNRRHP
| Q4 25 | $-1.51 | $1.12 | ||
| Q3 25 | $0.61 | $0.53 | ||
| Q2 25 | $-0.70 | $1.12 | ||
| Q1 25 | $-1.38 | $1.00 | ||
| Q4 24 | $1.04 | $1.12 | ||
| Q3 24 | $3.22 | $0.94 | ||
| Q2 24 | $1.96 | $1.65 | ||
| Q1 24 | $3.39 | $0.67 |
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 | $432.2M | $471.4M |
| 总债务越低越好 | $354.2M | — |
| 股东权益账面价值 | $3.7B | $750.2M |
| 总资产 | $6.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.10× | — |
8季度趋势，按日历期对齐
现金及短期投资CNRRHP
| Q4 25 | $432.2M | $471.4M | ||
| Q3 25 | $444.7M | $483.3M | ||
| Q2 25 | $413.2M | $420.6M | ||
| Q1 25 | $388.5M | $413.9M | ||
| Q4 24 | $460.2M | $477.7M | ||
| Q3 24 | $331.7M | $534.9M | ||
| Q2 24 | $216.1M | $498.4M | ||
| Q1 24 | $172.6M | $465.3M |
总债务CNRRHP
| Q4 25 | $354.2M | — | ||
| Q3 25 | $334.5M | — | ||
| Q2 25 | $334.0M | — | ||
| Q1 25 | $329.8M | — | ||
| Q4 24 | $94.8M | — | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $184.9M | — | ||
| Q1 24 | $185.5M | — |
股东权益CNRRHP
| Q4 25 | $3.7B | $750.2M | ||
| Q3 25 | $3.8B | $758.5M | ||
| Q2 25 | $3.8B | $800.4M | ||
| Q1 25 | $3.9B | $531.5M | ||
| Q4 24 | $1.6B | $549.0M | ||
| Q3 24 | $1.5B | $551.9M | ||
| Q2 24 | $1.4B | $562.6M | ||
| Q1 24 | $1.4B | $529.9M |
总资产CNRRHP
| Q4 25 | $6.1B | $6.2B | ||
| Q3 25 | $6.2B | $6.2B | ||
| Q2 25 | $6.2B | $6.1B | ||
| Q1 25 | $6.3B | $5.2B | ||
| Q4 24 | $2.9B | $5.2B | ||
| Q3 24 | $2.8B | $5.2B | ||
| Q2 24 | $2.7B | $5.1B | ||
| Q1 24 | $2.7B | $5.1B |
负债/权益比CNRRHP
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.09× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.13× | — |
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 | $107.3M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 2.5% | 7.9% |
| 资本支出强度资本支出/营收 | 7.8% | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | $21.2M | $232.4M |
8季度趋势，按日历期对齐
经营现金流CNRRHP
| Q4 25 | $107.3M | $164.7M | ||
| Q3 25 | $87.9M | $205.2M | ||
| Q2 25 | $220.2M | $122.5M | ||
| Q1 25 | $-109.6M | $98.2M | ||
| Q4 24 | $121.3M | $166.6M | ||
| Q3 24 | $161.3M | $218.1M | ||
| Q2 24 | $116.3M | $184.3M | ||
| Q1 24 | $77.5M | $7.5M |
自由现金流CNRRHP
| Q4 25 | $26.0M | $58.5M | ||
| Q3 25 | $38.6M | $135.4M | ||
| Q2 25 | $131.0M | $53.0M | ||
| Q1 25 | $-174.5M | $-14.5M | ||
| Q4 24 | $80.5M | $76.0M | ||
| Q3 24 | $121.9M | $85.7M | ||
| Q2 24 | $60.9M | $78.8M | ||
| Q1 24 | $35.1M | $-72.0M |
自由现金流率CNRRHP
| Q4 25 | 2.5% | 7.9% | ||
| Q3 25 | 3.9% | 22.9% | ||
| Q2 25 | 11.9% | 8.0% | ||
| Q1 25 | -17.1% | -2.5% | ||
| Q4 24 | 14.0% | 11.7% | ||
| Q3 24 | 22.0% | 15.6% | ||
| Q2 24 | 12.4% | 12.9% | ||
| Q1 24 | 6.4% | -13.6% |
资本支出强度CNRRHP
| Q4 25 | 7.8% | 14.4% | ||
| Q3 25 | 4.9% | 11.8% | ||
| Q2 25 | 8.1% | 10.5% | ||
| Q1 25 | 6.4% | 19.2% | ||
| Q4 24 | 7.1% | 14.0% | ||
| Q3 24 | 7.1% | 24.1% | ||
| Q2 24 | 11.3% | 17.2% | ||
| Q1 24 | 7.7% | 15.0% |
现金转化率CNRRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | 2.78× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 3.94× | 2.30× | ||
| Q3 24 | 1.69× | 3.70× | ||
| Q2 24 | 2.00× | 1.83× | ||
| Q1 24 | 0.76× | 0.17× |
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
CNR
| Other | $397.4M | 38% |
| Power Generation | $376.5M | 36% |
| PRB | $183.0M | 18% |
| Metallurgical | $42.0M | 4% |
| Industrial | $34.1M | 3% |
| Terminal Revenue | $6.4M | 1% |
| Other Revenue | $3.0M | 0% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
