vs
柯蒂斯-莱特（CW）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
柯蒂斯-莱特的季度营收约是Ryman Hospitality Properties, Inc.的1.4倍（$947.0M vs $664.6M），柯蒂斯-莱特净利率更高（14.5% vs 10.4%，领先4.0%），柯蒂斯-莱特同比增速更快（14.9% vs 13.2%），过去两年柯蒂斯-莱特的营收复合增速更高（15.2% vs 4.1%）
柯蒂斯-莱特公司是总部位于美国北卡罗来纳州戴维森的制造与服务提供商，在美国内外均设有工厂及业务网点。公司1929年由柯蒂斯、莱特及多家供应商合并成立，成立之初即为美国最大航空企业，二战期间为美军生产了超14.2万台航空发动机。
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。
CW vs RHP — 直观对比
营收规模更大
CW
是对方的1.4倍
$664.6M
营收增速更快
CW
高出1.7%
13.2%
净利率更高
CW
高出4.0%
10.4%
两年增速更快
CW
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $947.0M | $664.6M |
| 净利润 | $137.0M | $69.4M |
| 毛利率 | 37.5% | — |
| 营业利润率 | 19.2% | 20.7% |
| 净利率 | 14.5% | 10.4% |
| 营收同比 | 14.9% | 13.2% |
| 净利润同比 | 16.2% | 10.1% |
| 每股收益（稀释后） | $3.69 | $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CWRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $947.0M | $737.8M | ||
| Q3 25 | $869.2M | $592.5M | ||
| Q2 25 | $876.6M | $659.5M | ||
| Q1 25 | $805.6M | $587.3M | ||
| Q4 24 | $824.3M | $647.6M | ||
| Q3 24 | $798.9M | $550.0M | ||
| Q2 24 | $784.8M | $613.3M |
净利润CWRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $137.0M | $74.5M | ||
| Q3 25 | $124.8M | $34.9M | ||
| Q2 25 | $121.1M | $71.8M | ||
| Q1 25 | $101.3M | $63.0M | ||
| Q4 24 | $117.9M | $72.3M | ||
| Q3 24 | $111.2M | $59.0M | ||
| Q2 24 | $99.5M | $100.8M |
毛利率CWRHP
| Q1 26 | — | — | ||
| Q4 25 | 37.5% | 41.4% | ||
| Q3 25 | 37.7% | 40.9% | ||
| Q2 25 | 37.2% | 49.7% | ||
| Q1 25 | 36.3% | 44.4% | ||
| Q4 24 | 38.5% | 40.4% | ||
| Q3 24 | 37.3% | 43.1% | ||
| Q2 24 | 36.2% | 48.4% |
营业利润率CWRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 19.2% | 19.4% | ||
| Q3 25 | 19.1% | 15.0% | ||
| Q2 25 | 17.8% | 21.1% | ||
| Q1 25 | 16.0% | 19.8% | ||
| Q4 24 | 18.8% | 18.6% | ||
| Q3 24 | 18.1% | 19.3% | ||
| Q2 24 | 16.4% | 27.4% |
净利率CWRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 14.5% | 10.1% | ||
| Q3 25 | 14.4% | 5.9% | ||
| Q2 25 | 13.8% | 10.9% | ||
| Q1 25 | 12.6% | 10.7% | ||
| Q4 24 | 14.3% | 11.2% | ||
| Q3 24 | 13.9% | 10.7% | ||
| Q2 24 | 12.7% | 16.4% |
每股收益（稀释后）CWRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $3.69 | $1.12 | ||
| Q3 25 | $3.31 | $0.53 | ||
| Q2 25 | $3.19 | $1.12 | ||
| Q1 25 | $2.68 | $1.00 | ||
| Q4 24 | $3.09 | $1.12 | ||
| Q3 24 | $2.89 | $0.94 | ||
| Q2 24 | $2.58 | $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 | — | — |
| 总债务越低越好 | $957.9M | — |
| 股东权益账面价值 | $2.5B | $770.8M |
| 总资产 | $5.2B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资CWRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $483.3M | ||
| Q2 25 | — | $420.6M | ||
| Q1 25 | $226.5M | $413.9M | ||
| Q4 24 | $385.0M | $477.7M | ||
| Q3 24 | — | $534.9M | ||
| Q2 24 | — | $498.4M |
总债务CWRHP
| Q1 26 | — | — | ||
| Q4 25 | $957.9M | — | ||
| Q3 25 | $968.6M | — | ||
| Q2 25 | $958.4M | — | ||
| Q1 25 | $958.6M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
股东权益CWRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $2.5B | $750.2M | ||
| Q3 25 | $2.5B | $758.5M | ||
| Q2 25 | $2.7B | $800.4M | ||
| Q1 25 | $2.6B | $531.5M | ||
| Q4 24 | $2.4B | $549.0M | ||
| Q3 24 | $2.5B | $551.9M | ||
| Q2 24 | $2.5B | $562.6M |
总资产CWRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $5.2B | $6.2B | ||
| Q3 25 | $5.1B | $6.2B | ||
| Q2 25 | $5.2B | $6.1B | ||
| Q1 25 | $5.0B | $5.2B | ||
| Q4 24 | $5.0B | $5.2B | ||
| Q3 24 | $4.9B | $5.2B | ||
| Q2 24 | $4.7B | $5.1B |
负债/权益比CWRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.43× | — |
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 | $352.7M | — |
| 自由现金流经营现金流 - 资本支出 | $315.1M | — |
| 自由现金流率自由现金流/营收 | 33.3% | — |
| 资本支出强度资本支出/营收 | 4.0% | — |
| 现金转化率经营现金流/净利润 | 2.57× | — |
| 过去12个月自由现金流最近4个季度 | $553.7M | — |
8季度趋势，按日历期对齐
经营现金流CWRHP
| Q1 26 | — | — | ||
| Q4 25 | $352.7M | $164.7M | ||
| Q3 25 | $192.8M | $205.2M | ||
| Q2 25 | $136.6M | $122.5M | ||
| Q1 25 | $-38.8M | $98.2M | ||
| Q4 24 | $301.3M | $166.6M | ||
| Q3 24 | $177.3M | $218.1M | ||
| Q2 24 | $111.3M | $184.3M |
自由现金流CWRHP
| Q1 26 | — | — | ||
| Q4 25 | $315.1M | $58.5M | ||
| Q3 25 | $175.9M | $135.4M | ||
| Q2 25 | $117.2M | $53.0M | ||
| Q1 25 | $-54.5M | $-14.5M | ||
| Q4 24 | $278.0M | $76.0M | ||
| Q3 24 | $162.7M | $85.7M | ||
| Q2 24 | $100.3M | $78.8M |
自由现金流率CWRHP
| Q1 26 | — | — | ||
| Q4 25 | 33.3% | 7.9% | ||
| Q3 25 | 20.2% | 22.9% | ||
| Q2 25 | 13.4% | 8.0% | ||
| Q1 25 | -6.8% | -2.5% | ||
| Q4 24 | 33.7% | 11.7% | ||
| Q3 24 | 20.4% | 15.6% | ||
| Q2 24 | 12.8% | 12.9% |
资本支出强度CWRHP
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 14.4% | ||
| Q3 25 | 1.9% | 11.8% | ||
| Q2 25 | 2.2% | 10.5% | ||
| Q1 25 | 2.0% | 19.2% | ||
| Q4 24 | 2.8% | 14.0% | ||
| Q3 24 | 1.8% | 24.1% | ||
| Q2 24 | 1.4% | 17.2% |
现金转化率CWRHP
| Q1 26 | — | — | ||
| Q4 25 | 2.57× | 2.21× | ||
| Q3 25 | 1.54× | 5.88× | ||
| Q2 25 | 1.13× | 1.71× | ||
| Q1 25 | -0.38× | 1.56× | ||
| Q4 24 | 2.56× | 2.30× | ||
| Q3 24 | 1.59× | 3.70× | ||
| Q2 24 | 1.12× | 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
CW
| Naval Power | $417.4M | 44% |
| Defense Electronics | $268.3M | 28% |
| Aerospace Industrial | $262.4M | 28% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
