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QWEST CORP（CTBB）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
QWEST CORP的季度营收约是Ryman Hospitality Properties, Inc.的1.5倍（$1.1B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -187.5%，领先197.6%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -15.0%），QWEST CORP自由现金流更多（$160.0M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -8.6%）
奎斯特公司（以CenturyLink QC名义运营）是一家隶属于 lumen Technologies 的地区性贝尔运营公司。其前身为1911年成立的山地电话电报公司，先后更名为山地贝尔、美国西部通讯，2000年改为现名，业务整合了原Malheur Bell、西北贝尔、太平洋西北贝尔的运营资源。
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。
CTBB vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $737.8M |
| 净利润 | $-2.1B | $74.5M |
| 毛利率 | 67.9% | 41.4% |
| 营业利润率 | -183.2% | 19.4% |
| 净利率 | -187.5% | 10.1% |
| 营收同比 | -15.0% | 13.9% |
| 净利润同比 | -627.9% | 3.0% |
| 每股收益（稀释后） | — | $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
| Q4 25 | $1.1B | $737.8M | ||
| Q3 25 | $1.1B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.2B | $587.3M | ||
| Q4 24 | $1.3B | $647.6M | ||
| Q3 24 | $1.3B | $550.0M | ||
| Q2 24 | $1.3B | $613.3M | ||
| Q1 24 | $1.3B | $528.3M |
| Q4 25 | $-2.1B | $74.5M | ||
| Q3 25 | $176.0M | $34.9M | ||
| Q2 25 | $277.0M | $71.8M | ||
| Q1 25 | $284.0M | $63.0M | ||
| Q4 24 | $391.0M | $72.3M | ||
| Q3 24 | $365.0M | $59.0M | ||
| Q2 24 | $378.0M | $100.8M | ||
| Q1 24 | $353.0M | $42.8M |
| Q4 25 | 67.9% | 41.4% | ||
| Q3 25 | 65.3% | 40.9% | ||
| Q2 25 | 68.2% | 49.7% | ||
| Q1 25 | 69.3% | 44.4% | ||
| Q4 24 | 71.2% | 40.4% | ||
| Q3 24 | 69.9% | 43.1% | ||
| Q2 24 | 71.6% | 48.4% | ||
| Q1 24 | 71.9% | 41.5% |
| Q4 25 | -183.2% | 19.4% | ||
| Q3 25 | 22.3% | 15.0% | ||
| Q2 25 | 33.1% | 21.1% | ||
| Q1 25 | 33.7% | 19.8% | ||
| Q4 24 | 40.7% | 18.6% | ||
| Q3 24 | 38.5% | 19.3% | ||
| Q2 24 | 40.3% | 27.4% | ||
| Q1 24 | 37.6% | 18.2% |
| Q4 25 | -187.5% | 10.1% | ||
| Q3 25 | 16.1% | 5.9% | ||
| Q2 25 | 24.3% | 10.9% | ||
| Q1 25 | 24.7% | 10.7% | ||
| Q4 24 | 30.2% | 11.2% | ||
| Q3 24 | 28.2% | 10.7% | ||
| Q2 24 | 28.7% | 16.4% | ||
| Q1 24 | 26.8% | 8.1% |
| Q4 25 | — | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $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 | $39.0M | $471.4M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $10.9B | $750.2M |
| 总资产 | $15.8B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
| Q4 25 | $39.0M | $471.4M | ||
| Q3 25 | $36.0M | $483.3M | ||
| Q2 25 | $25.0M | $420.6M | ||
| Q1 25 | $40.0M | $413.9M | ||
| Q4 24 | $26.0M | $477.7M | ||
| Q3 24 | $22.0M | $534.9M | ||
| Q2 24 | $18.0M | $498.4M | ||
| Q1 24 | $14.0M | $465.3M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $10.9B | $750.2M | ||
| Q3 25 | $13.0B | $758.5M | ||
| Q2 25 | $12.8B | $800.4M | ||
| Q1 25 | $12.5B | $531.5M | ||
| Q4 24 | $12.2B | $549.0M | ||
| Q3 24 | $11.9B | $551.9M | ||
| Q2 24 | $11.5B | $562.6M | ||
| Q1 24 | $11.1B | $529.9M |
| Q4 25 | $15.8B | $6.2B | ||
| Q3 25 | $17.9B | $6.2B | ||
| Q2 25 | $17.8B | $6.1B | ||
| Q1 25 | $17.6B | $5.2B | ||
| Q4 24 | $17.4B | $5.2B | ||
| Q3 24 | $17.0B | $5.2B | ||
| Q2 24 | $16.6B | $5.1B | ||
| Q1 24 | $16.4B | $5.1B |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.13× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.17× | — | ||
| Q1 24 | 0.17× | — |
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 | $402.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $160.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 14.5% | 7.9% |
| 资本支出强度资本支出/营收 | 22.0% | 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 | $938.0M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $402.0M | $164.7M | ||
| Q3 25 | $427.0M | $205.2M | ||
| Q2 25 | $480.0M | $122.5M | ||
| Q1 25 | $453.0M | $98.2M | ||
| Q4 24 | $548.0M | $166.6M | ||
| Q3 24 | $627.0M | $218.1M | ||
| Q2 24 | $548.0M | $184.3M | ||
| Q1 24 | $471.0M | $7.5M |
| Q4 25 | $160.0M | $58.5M | ||
| Q3 25 | $252.0M | $135.4M | ||
| Q2 25 | $276.0M | $53.0M | ||
| Q1 25 | $250.0M | $-14.5M | ||
| Q4 24 | $277.0M | $76.0M | ||
| Q3 24 | $396.0M | $85.7M | ||
| Q2 24 | $280.0M | $78.8M | ||
| Q1 24 | $194.0M | $-72.0M |
| Q4 25 | 14.5% | 7.9% | ||
| Q3 25 | 23.1% | 22.9% | ||
| Q2 25 | 24.2% | 8.0% | ||
| Q1 25 | 21.7% | -2.5% | ||
| Q4 24 | 21.4% | 11.7% | ||
| Q3 24 | 30.6% | 15.6% | ||
| Q2 24 | 21.3% | 12.9% | ||
| Q1 24 | 14.7% | -13.6% |
| Q4 25 | 22.0% | 14.4% | ||
| Q3 25 | 16.0% | 11.8% | ||
| Q2 25 | 17.9% | 10.5% | ||
| Q1 25 | 17.6% | 19.2% | ||
| Q4 24 | 20.9% | 14.0% | ||
| Q3 24 | 17.9% | 24.1% | ||
| Q2 24 | 20.4% | 17.2% | ||
| Q1 24 | 21.0% | 15.0% |
| Q4 25 | — | 2.21× | ||
| Q3 25 | 2.43× | 5.88× | ||
| Q2 25 | 1.73× | 1.71× | ||
| Q1 25 | 1.60× | 1.56× | ||
| Q4 24 | 1.40× | 2.30× | ||
| Q3 24 | 1.72× | 3.70× | ||
| Q2 24 | 1.45× | 1.83× | ||
| Q1 24 | 1.33× | 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
CTBB
| Nonrelated Party | $665.0M | 60% |
| Other | $436.0M | 40% |
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% |
