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凯撒娱乐（CZR）与HNI CORP（HNI）财务数据对比。点击上方公司名可切换其他公司
凯撒娱乐的季度营收约是HNI CORP的4.3倍（$2.9B vs $683.8M），HNI CORP净利率更高（6.0% vs -8.1%，领先14.1%），HNI CORP同比增速更快（1.7% vs -74.1%），过去两年凯撒娱乐的营收复合增速更高（1.5% vs 0.3%）
凯撒娱乐前身为埃尔拉多度假村公司，是总部位于美国内华达州里诺的酒店博彩娱乐集团。2020年7月20日公司收购原凯撒娱乐集团后更为现名，目前运营超过50处物业，业务覆盖酒店、博彩、休闲娱乐等多个领域。
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
CZR vs HNI — 直观对比
营收规模更大
CZR
是对方的4.3倍
$683.8M
营收增速更快
HNI
高出75.8%
-74.1%
净利率更高
HNI
高出14.1%
-8.1%
两年增速更快
CZR
近两年复合增速
0.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $683.8M |
| 净利润 | $-235.0M | $41.2M |
| 毛利率 | — | 42.1% |
| 营业利润率 | 11.4% | 9.4% |
| 净利率 | -8.1% | 6.0% |
| 营收同比 | -74.1% | 1.7% |
| 净利润同比 | -11.4% | -13.3% |
| 每股收益（稀释后） | $-1.23 | $0.88 |
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CZRHNI
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $683.8M | ||
| Q2 25 | $2.9B | $667.1M | ||
| Q1 25 | $2.8B | $599.8M | ||
| Q4 24 | $2.8B | $642.5M | ||
| Q3 24 | $2.9B | $672.2M | ||
| Q2 24 | $2.8B | $623.7M |
净利润CZRHNI
| Q1 26 | $-235.0M | — | ||
| Q4 25 | $-250.0M | — | ||
| Q3 25 | $-55.0M | $41.2M | ||
| Q2 25 | $-82.0M | $48.2M | ||
| Q1 25 | $-115.0M | $13.9M | ||
| Q4 24 | $11.0M | $38.3M | ||
| Q3 24 | $-9.0M | $47.5M | ||
| Q2 24 | $-122.0M | $36.0M |
毛利率CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 42.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 40.5% | ||
| Q3 24 | — | 41.5% | ||
| Q2 24 | — | 41.9% |
营业利润率CZRHNI
| Q1 26 | 11.4% | — | ||
| Q4 25 | 11.4% | — | ||
| Q3 25 | 17.9% | 9.4% | ||
| Q2 25 | 18.1% | 10.2% | ||
| Q1 25 | 17.5% | 4.1% | ||
| Q4 24 | 23.9% | 8.5% | ||
| Q3 24 | 22.4% | 10.2% | ||
| Q2 24 | 17.9% | 8.6% |
净利率CZRHNI
| Q1 26 | -8.1% | — | ||
| Q4 25 | -8.6% | — | ||
| Q3 25 | -1.9% | 6.0% | ||
| Q2 25 | -2.8% | 7.2% | ||
| Q1 25 | -4.1% | 2.3% | ||
| Q4 24 | 0.4% | 6.0% | ||
| Q3 24 | -0.3% | 7.1% | ||
| Q2 24 | -4.3% | 5.8% |
每股收益（稀释后）CZRHNI
| Q1 26 | $-1.23 | — | ||
| Q4 25 | $-1.22 | — | ||
| Q3 25 | $-0.27 | $0.88 | ||
| Q2 25 | $-0.39 | $1.02 | ||
| Q1 25 | $-0.54 | $0.29 | ||
| Q4 24 | $0.04 | $0.78 | ||
| Q3 24 | $-0.04 | $0.98 | ||
| Q2 24 | $-0.56 | $0.75 |
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 | $887.0M | $28.1M |
| 总债务越低越好 | — | $324.2M |
| 股东权益账面价值 | — | $835.9M |
| 总资产 | — | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资CZRHNI
| Q1 26 | $887.0M | — | ||
| Q4 25 | $887.0M | — | ||
| Q3 25 | $836.0M | $28.1M | ||
| Q2 25 | $982.0M | $38.2M | ||
| Q1 25 | $884.0M | $27.5M | ||
| Q4 24 | $866.0M | $28.9M | ||
| Q3 24 | $802.0M | $40.2M | ||
| Q2 24 | $830.0M | $33.5M |
总债务CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | — | ||
| Q3 25 | $11.9B | $324.2M | ||
| Q2 25 | $12.3B | $444.4M | ||
| Q1 25 | $12.3B | $404.7M | ||
| Q4 24 | $12.3B | $344.6M | ||
| Q3 24 | $12.7B | $345.4M | ||
| Q2 24 | $12.4B | $462.3M |
股东权益CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.8B | $835.9M | ||
| Q2 25 | $3.9B | $811.0M | ||
| Q1 25 | $4.1B | $803.6M | ||
| Q4 24 | $4.2B | $840.1M | ||
| Q3 24 | $4.2B | $846.6M | ||
| Q2 24 | $4.3B | $787.8M |
总资产CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | $31.6B | — | ||
| Q3 25 | $31.9B | $1.8B | ||
| Q2 25 | $32.5B | $1.9B | ||
| Q1 25 | $32.4B | $1.9B | ||
| Q4 24 | $32.6B | $1.9B | ||
| Q3 24 | $33.0B | $1.9B | ||
| Q2 24 | $33.1B | $1.9B |
负债/权益比CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | — | ||
| Q3 25 | 3.15× | 0.39× | ||
| Q2 25 | 3.15× | 0.55× | ||
| Q1 25 | 3.04× | 0.50× | ||
| Q4 24 | 2.96× | 0.41× | ||
| Q3 24 | 3.04× | 0.41× | ||
| Q2 24 | 2.89× | 0.59× |
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 | — | $155.2M |
| 自由现金流经营现金流 - 资本支出 | — | $135.6M |
| 自由现金流率自由现金流/营收 | — | 19.8% |
| 资本支出强度资本支出/营收 | — | 2.9% |
| 现金转化率经营现金流/净利润 | — | 3.77× |
| 过去12个月自由现金流最近4个季度 | — | $189.5M |
8季度趋势，按日历期对齐
经营现金流CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | $304.0M | — | ||
| Q3 25 | $318.0M | $155.2M | ||
| Q2 25 | $462.0M | $31.1M | ||
| Q1 25 | $218.0M | $12.6M | ||
| Q4 24 | $309.0M | $51.2M | ||
| Q3 24 | $232.0M | $128.5M | ||
| Q2 24 | $454.0M | $51.3M |
自由现金流CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | — | ||
| Q3 25 | $123.0M | $135.6M | ||
| Q2 25 | $232.0M | $16.1M | ||
| Q1 25 | $-5.0M | $-3.7M | ||
| Q4 24 | $30.0M | $41.5M | ||
| Q3 24 | $-192.0M | $114.0M | ||
| Q2 24 | $125.0M | $33.8M |
自由现金流率CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | — | ||
| Q3 25 | 4.3% | 19.8% | ||
| Q2 25 | 8.0% | 2.4% | ||
| Q1 25 | -0.2% | -0.6% | ||
| Q4 24 | 1.1% | 6.5% | ||
| Q3 24 | -6.7% | 17.0% | ||
| Q2 24 | 4.4% | 5.4% |
资本支出强度CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | 5.4% | — | ||
| Q3 25 | 6.8% | 2.9% | ||
| Q2 25 | 7.9% | 2.2% | ||
| Q1 25 | 8.0% | 2.7% | ||
| Q4 24 | 10.0% | 1.5% | ||
| Q3 24 | 14.8% | 2.2% | ||
| Q2 24 | 11.6% | 2.8% |
现金转化率CZRHNI
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.77× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | 28.09× | 1.34× | ||
| Q3 24 | — | 2.71× | ||
| Q2 24 | — | 1.43× |
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
CZR
| Casino | $1.7B | 59% |
| Hotel | $469.0M | 16% |
| Food and beverage | $415.0M | 14% |
| Other | $319.0M | 11% |
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
