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凌云逻辑（CRUS）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
Ryman Hospitality Properties, Inc.的季度营收约是凌云逻辑的1.1倍（$664.6M vs $580.6M），凌云逻辑净利率更高（24.2% vs 10.4%，领先13.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs 4.5%），过去两年凌云逻辑的营收复合增速更高（25.0% vs 4.1%）
凌云逻辑（Cirrus Logic）是美国无晶圆厂半导体供应商，专注于模拟、混合信号及音频数字信号处理集成电路的研发与供应，1998年起总部设立于得克萨斯州奥斯汀市，产品广泛应用于消费电子、智能音频等多个领域。
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。
CRUS vs RHP — 直观对比
营收规模更大
RHP
是对方的1.1倍
$580.6M
营收增速更快
RHP
高出8.7%
4.5%
净利率更高
CRUS
高出13.7%
10.4%
两年增速更快
CRUS
近两年复合增速
4.1%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $580.6M | $664.6M |
| 净利润 | $140.3M | $69.4M |
| 毛利率 | 53.1% | — |
| 营业利润率 | 26.3% | 20.7% |
| 净利率 | 24.2% | 10.4% |
| 营收同比 | 4.5% | 13.2% |
| 净利润同比 | 21.0% | 10.1% |
| 每股收益（稀释后） | $2.66 | $1.03 |
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CRUSRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $580.6M | $737.8M | ||
| Q3 25 | $561.0M | $592.5M | ||
| Q2 25 | $407.3M | $659.5M | ||
| Q1 25 | $424.5M | $587.3M | ||
| Q4 24 | $555.7M | $647.6M | ||
| Q3 24 | $541.9M | $550.0M | ||
| Q2 24 | $374.0M | $613.3M |
净利润CRUSRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $140.3M | $74.5M | ||
| Q3 25 | $131.6M | $34.9M | ||
| Q2 25 | $60.7M | $71.8M | ||
| Q1 25 | $71.3M | $63.0M | ||
| Q4 24 | $116.0M | $72.3M | ||
| Q3 24 | $102.1M | $59.0M | ||
| Q2 24 | $42.1M | $100.8M |
毛利率CRUSRHP
| Q1 26 | — | — | ||
| Q4 25 | 53.1% | 41.4% | ||
| Q3 25 | 52.5% | 40.9% | ||
| Q2 25 | 52.6% | 49.7% | ||
| Q1 25 | 53.4% | 44.4% | ||
| Q4 24 | 53.6% | 40.4% | ||
| Q3 24 | 52.2% | 43.1% | ||
| Q2 24 | 50.5% | 48.4% |
营业利润率CRUSRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 26.3% | 19.4% | ||
| Q3 25 | 25.8% | 15.0% | ||
| Q2 25 | 17.8% | 21.1% | ||
| Q1 25 | 20.2% | 19.8% | ||
| Q4 24 | 26.2% | 18.6% | ||
| Q3 24 | 24.3% | 19.3% | ||
| Q2 24 | 12.5% | 27.4% |
净利率CRUSRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 24.2% | 10.1% | ||
| Q3 25 | 23.5% | 5.9% | ||
| Q2 25 | 14.9% | 10.9% | ||
| Q1 25 | 16.8% | 10.7% | ||
| Q4 24 | 20.9% | 11.2% | ||
| Q3 24 | 18.8% | 10.7% | ||
| Q2 24 | 11.3% | 16.4% |
每股收益（稀释后）CRUSRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $2.66 | $1.12 | ||
| Q3 25 | $2.48 | $0.53 | ||
| Q2 25 | $1.14 | $1.12 | ||
| Q1 25 | $1.30 | $1.00 | ||
| Q4 24 | $2.11 | $1.12 | ||
| Q3 24 | $1.83 | $0.94 | ||
| Q2 24 | $0.76 | $1.65 |
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 | $778.1M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $770.8M |
| 总资产 | $2.5B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CRUSRHP
| Q1 26 | — | — | ||
| Q4 25 | $778.1M | $471.4M | ||
| Q3 25 | $593.5M | $483.3M | ||
| Q2 25 | $548.9M | $420.6M | ||
| Q1 25 | $539.6M | $413.9M | ||
| Q4 24 | $526.4M | $477.7M | ||
| Q3 24 | $445.8M | $534.9M | ||
| Q2 24 | $491.4M | $498.4M |
股东权益CRUSRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $2.1B | $750.2M | ||
| Q3 25 | $2.0B | $758.5M | ||
| Q2 25 | $1.9B | $800.4M | ||
| Q1 25 | $1.9B | $531.5M | ||
| Q4 24 | $2.0B | $549.0M | ||
| Q3 24 | $1.9B | $551.9M | ||
| Q2 24 | $1.8B | $562.6M |
总资产CRUSRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.5B | $6.2B | ||
| Q3 25 | $2.4B | $6.2B | ||
| Q2 25 | $2.3B | $6.1B | ||
| Q1 25 | $2.3B | $5.2B | ||
| Q4 24 | $2.4B | $5.2B | ||
| Q3 24 | $2.4B | $5.2B | ||
| Q2 24 | $2.3B | $5.1B |
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 | $290.8M | — |
| 自由现金流经营现金流 - 资本支出 | $285.7M | — |
| 自由现金流率自由现金流/营收 | 49.2% | — |
| 资本支出强度资本支出/营收 | 0.9% | — |
| 现金转化率经营现金流/净利润 | 2.07× | — |
| 过去12个月自由现金流最近4个季度 | $614.5M | — |
8季度趋势，按日历期对齐
经营现金流CRUSRHP
| Q1 26 | — | — | ||
| Q4 25 | $290.8M | $164.7M | ||
| Q3 25 | $92.2M | $205.2M | ||
| Q2 25 | $116.1M | $122.5M | ||
| Q1 25 | $130.4M | $98.2M | ||
| Q4 24 | $218.6M | $166.6M | ||
| Q3 24 | $8.2M | $218.1M | ||
| Q2 24 | $87.2M | $184.3M |
自由现金流CRUSRHP
| Q1 26 | — | — | ||
| Q4 25 | $285.7M | $58.5M | ||
| Q3 25 | $88.3M | $135.4M | ||
| Q2 25 | $113.5M | $53.0M | ||
| Q1 25 | $127.0M | $-14.5M | ||
| Q4 24 | $211.9M | $76.0M | ||
| Q3 24 | $5.6M | $85.7M | ||
| Q2 24 | $77.2M | $78.8M |
自由现金流率CRUSRHP
| Q1 26 | — | — | ||
| Q4 25 | 49.2% | 7.9% | ||
| Q3 25 | 15.7% | 22.9% | ||
| Q2 25 | 27.9% | 8.0% | ||
| Q1 25 | 29.9% | -2.5% | ||
| Q4 24 | 38.1% | 11.7% | ||
| Q3 24 | 1.0% | 15.6% | ||
| Q2 24 | 20.6% | 12.9% |
资本支出强度CRUSRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 14.4% | ||
| Q3 25 | 0.7% | 11.8% | ||
| Q2 25 | 0.6% | 10.5% | ||
| Q1 25 | 0.8% | 19.2% | ||
| Q4 24 | 1.2% | 14.0% | ||
| Q3 24 | 0.5% | 24.1% | ||
| Q2 24 | 2.7% | 17.2% |
现金转化率CRUSRHP
| Q1 26 | — | — | ||
| Q4 25 | 2.07× | 2.21× | ||
| Q3 25 | 0.70× | 5.88× | ||
| Q2 25 | 1.91× | 1.71× | ||
| Q1 25 | 1.83× | 1.56× | ||
| Q4 24 | 1.88× | 2.30× | ||
| Q3 24 | 0.08× | 3.70× | ||
| Q2 24 | 2.07× | 1.83× |
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
CRUS
| Audio Products Segment | $344.5M | 59% |
| High Performance Mixed Signal Products | $236.2M | 41% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
