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Designer Brands Inc.（DBI）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
Designer Brands Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.0倍（$752.4M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 2.4%，领先7.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -3.2%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $57.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -0.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
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。
DBI vs RHP — 直观对比
营收规模更大
DBI
是对方的1.0倍
$737.8M
营收增速更快
RHP
高出17.1%
-3.2%
净利率更高
RHP
高出7.7%
2.4%
自由现金流更多
RHP
多$1.0M
$57.5M
两年增速更快
RHP
近两年复合增速
-0.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $737.8M |
| 净利润 | $18.2M | $74.5M |
| 毛利率 | 45.1% | 41.4% |
| 营业利润率 | 5.7% | 19.4% |
| 净利率 | 2.4% | 10.1% |
| 营收同比 | -3.2% | 13.9% |
| 净利润同比 | 40.0% | 3.0% |
| 每股收益（稀释后） | $0.35 | $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DBIRHP
| Q4 25 | $752.4M | $737.8M | ||
| Q3 25 | $739.8M | $592.5M | ||
| Q2 25 | $686.9M | $659.5M | ||
| Q1 25 | $713.6M | $587.3M | ||
| Q4 24 | $777.2M | $647.6M | ||
| Q3 24 | $771.9M | $550.0M | ||
| Q2 24 | $746.6M | $613.3M | ||
| Q1 24 | $754.3M | $528.3M |
净利润DBIRHP
| Q4 25 | $18.2M | $74.5M | ||
| Q3 25 | $10.8M | $34.9M | ||
| Q2 25 | $-17.4M | $71.8M | ||
| Q1 25 | $-38.2M | $63.0M | ||
| Q4 24 | $13.0M | $72.3M | ||
| Q3 24 | $13.8M | $59.0M | ||
| Q2 24 | $783.0K | $100.8M | ||
| Q1 24 | $-29.6M | $42.8M |
毛利率DBIRHP
| Q4 25 | 45.1% | 41.4% | ||
| Q3 25 | 43.7% | 40.9% | ||
| Q2 25 | 43.0% | 49.7% | ||
| Q1 25 | 75.7% | 44.4% | ||
| Q4 24 | 43.0% | 40.4% | ||
| Q3 24 | 44.0% | 43.1% | ||
| Q2 24 | 44.2% | 48.4% | ||
| Q1 24 | 38.8% | 41.5% |
营业利润率DBIRHP
| Q4 25 | 5.7% | 19.4% | ||
| Q3 25 | 3.6% | 15.0% | ||
| Q2 25 | -1.1% | 21.1% | ||
| Q1 25 | -3.6% | 19.8% | ||
| Q4 24 | 2.9% | 18.6% | ||
| Q3 24 | 3.7% | 19.3% | ||
| Q2 24 | 1.3% | 27.4% | ||
| Q1 24 | -4.8% | 18.2% |
净利率DBIRHP
| Q4 25 | 2.4% | 10.1% | ||
| Q3 25 | 1.5% | 5.9% | ||
| Q2 25 | -2.5% | 10.9% | ||
| Q1 25 | -5.3% | 10.7% | ||
| Q4 24 | 1.7% | 11.2% | ||
| Q3 24 | 1.8% | 10.7% | ||
| Q2 24 | 0.1% | 16.4% | ||
| Q1 24 | -3.9% | 8.1% |
每股收益（稀释后）DBIRHP
| Q4 25 | $0.35 | $1.12 | ||
| Q3 25 | $0.22 | $0.53 | ||
| Q2 25 | $-0.36 | $1.12 | ||
| Q1 25 | $-0.69 | $1.00 | ||
| Q4 24 | $0.24 | $1.12 | ||
| Q3 24 | $0.24 | $0.94 | ||
| Q2 24 | $0.01 | $1.65 | ||
| Q1 24 | $-899.54 | $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 | $51.4M | $471.4M |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $750.2M |
| 总资产 | $2.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBIRHP
| Q4 25 | $51.4M | $471.4M | ||
| Q3 25 | $44.9M | $483.3M | ||
| Q2 25 | $46.0M | $420.6M | ||
| Q1 25 | $44.8M | $413.9M | ||
| Q4 24 | $36.2M | $477.7M | ||
| Q3 24 | $38.8M | $534.9M | ||
| Q2 24 | $43.4M | $498.4M | ||
| Q1 24 | $49.2M | $465.3M |
总债务DBIRHP
| Q4 25 | $463.1M | — | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | — | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — | ||
| Q1 24 | $420.3M | — |
股东权益DBIRHP
| Q4 25 | $298.6M | $750.2M | ||
| Q3 25 | $280.8M | $758.5M | ||
| Q2 25 | $266.9M | $800.4M | ||
| Q1 25 | $278.5M | $531.5M | ||
| Q4 24 | $318.5M | $549.0M | ||
| Q3 24 | $355.5M | $551.9M | ||
| Q2 24 | $358.5M | $562.6M | ||
| Q1 24 | $359.2M | $529.9M |
总资产DBIRHP
| Q4 25 | $2.1B | $6.2B | ||
| Q3 25 | $2.1B | $6.2B | ||
| Q2 25 | $2.1B | $6.1B | ||
| Q1 25 | $2.0B | $5.2B | ||
| Q4 24 | $2.1B | $5.2B | ||
| Q3 24 | $2.1B | $5.2B | ||
| Q2 24 | $2.2B | $5.1B | ||
| Q1 24 | $2.1B | $5.1B |
负债/权益比DBIRHP
| Q4 25 | 1.55× | — | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | — |
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 | $66.5M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $58.5M |
| 自由现金流率自由现金流/营收 | 7.6% | 7.9% |
| 资本支出强度资本支出/营收 | 1.2% | 14.4% |
| 现金转化率经营现金流/净利润 | 3.65× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $99.9M | $232.4M |
8季度趋势，按日历期对齐
经营现金流DBIRHP
| Q4 25 | $66.5M | $164.7M | ||
| Q3 25 | $21.4M | $205.2M | ||
| Q2 25 | $-20.4M | $122.5M | ||
| Q1 25 | $70.1M | $98.2M | ||
| Q4 24 | $-9.8M | $166.6M | ||
| Q3 24 | $41.6M | $218.1M | ||
| Q2 24 | $-19.7M | $184.3M | ||
| Q1 24 | $-40.1M | $7.5M |
自由现金流DBIRHP
| Q4 25 | $57.5M | $58.5M | ||
| Q3 25 | $11.9M | $135.4M | ||
| Q2 25 | $-27.6M | $53.0M | ||
| Q1 25 | $58.1M | $-14.5M | ||
| Q4 24 | $-19.2M | $76.0M | ||
| Q3 24 | $28.0M | $85.7M | ||
| Q2 24 | $-35.6M | $78.8M | ||
| Q1 24 | $-52.8M | $-72.0M |
自由现金流率DBIRHP
| Q4 25 | 7.6% | 7.9% | ||
| Q3 25 | 1.6% | 22.9% | ||
| Q2 25 | -4.0% | 8.0% | ||
| Q1 25 | 8.1% | -2.5% | ||
| Q4 24 | -2.5% | 11.7% | ||
| Q3 24 | 3.6% | 15.6% | ||
| Q2 24 | -4.8% | 12.9% | ||
| Q1 24 | -7.0% | -13.6% |
资本支出强度DBIRHP
| Q4 25 | 1.2% | 14.4% | ||
| Q3 25 | 1.3% | 11.8% | ||
| Q2 25 | 1.1% | 10.5% | ||
| Q1 25 | 1.7% | 19.2% | ||
| Q4 24 | 1.2% | 14.0% | ||
| Q3 24 | 1.8% | 24.1% | ||
| Q2 24 | 2.1% | 17.2% | ||
| Q1 24 | 1.7% | 15.0% |
现金转化率DBIRHP
| Q4 25 | 3.65× | 2.21× | ||
| Q3 25 | 1.98× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | -0.75× | 2.30× | ||
| Q3 24 | 3.01× | 3.70× | ||
| Q2 24 | -25.13× | 1.83× | ||
| Q1 24 | — | 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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 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% |
