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DROPBOX, INC.（DBX）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DROPBOX, INC.的1.2倍（$737.8M vs $636.2M），DROPBOX, INC.净利率更高（17.1% vs 10.1%，领先7.0%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -1.1%），DROPBOX, INC.自由现金流更多（$224.9M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 0.4%）
Dropbox是总部位于美国加利福尼亚州旧金山的云服务企业，2007年由麻省理工学院学生德鲁·休斯顿与阿拉什·费尔多西创立，初创阶段获得创业孵化器Y Combinator的种子投资，核心业务包含云存储、文件同步、个人云及配套客户端软件等服务。
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。
DBX vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $636.2M | $737.8M |
| 净利润 | $108.7M | $74.5M |
| 毛利率 | 79.2% | 41.4% |
| 营业利润率 | 25.5% | 19.4% |
| 净利率 | 17.1% | 10.1% |
| 营收同比 | -1.1% | 13.9% |
| 净利润同比 | 5.7% | 3.0% |
| 每股收益（稀释后） | $0.43 | $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 | $636.2M | $737.8M | ||
| Q3 25 | $634.4M | $592.5M | ||
| Q2 25 | $625.7M | $659.5M | ||
| Q1 25 | $624.7M | $587.3M | ||
| Q4 24 | $643.6M | $647.6M | ||
| Q3 24 | $638.8M | $550.0M | ||
| Q2 24 | $634.5M | $613.3M | ||
| Q1 24 | $631.3M | $528.3M |
| Q4 25 | $108.7M | $74.5M | ||
| Q3 25 | $123.8M | $34.9M | ||
| Q2 25 | $125.6M | $71.8M | ||
| Q1 25 | $150.3M | $63.0M | ||
| Q4 24 | $102.8M | $72.3M | ||
| Q3 24 | $106.7M | $59.0M | ||
| Q2 24 | $110.5M | $100.8M | ||
| Q1 24 | $132.3M | $42.8M |
| Q4 25 | 79.2% | 41.4% | ||
| Q3 25 | 79.8% | 40.9% | ||
| Q2 25 | 80.2% | 49.7% | ||
| Q1 25 | 81.3% | 44.4% | ||
| Q4 24 | 81.2% | 40.4% | ||
| Q3 24 | 82.5% | 43.1% | ||
| Q2 24 | 83.1% | 48.4% | ||
| Q1 24 | 83.2% | 41.5% |
| Q4 25 | 25.5% | 19.4% | ||
| Q3 25 | 27.5% | 15.0% | ||
| Q2 25 | 26.9% | 21.1% | ||
| Q1 25 | 29.4% | 19.8% | ||
| Q4 24 | 13.7% | 18.6% | ||
| Q3 24 | 20.0% | 19.3% | ||
| Q2 24 | 20.0% | 27.4% | ||
| Q1 24 | 22.7% | 18.2% |
| Q4 25 | 17.1% | 10.1% | ||
| Q3 25 | 19.5% | 5.9% | ||
| Q2 25 | 20.1% | 10.9% | ||
| Q1 25 | 24.1% | 10.7% | ||
| Q4 24 | 16.0% | 11.2% | ||
| Q3 24 | 16.7% | 10.7% | ||
| Q2 24 | 17.4% | 16.4% | ||
| Q1 24 | 21.0% | 8.1% |
| Q4 25 | $0.43 | $1.12 | ||
| Q3 25 | $0.47 | $0.53 | ||
| Q2 25 | $0.45 | $1.12 | ||
| Q1 25 | $0.51 | $1.00 | ||
| Q4 24 | $0.33 | $1.12 | ||
| Q3 24 | $0.34 | $0.94 | ||
| Q2 24 | $0.34 | $1.65 | ||
| Q1 24 | $0.39 | $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 | $891.3M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-1.8B | $750.2M |
| 总资产 | $2.8B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $891.3M | $471.4M | ||
| Q3 25 | $730.7M | $483.3M | ||
| Q2 25 | $736.3M | $420.6M | ||
| Q1 25 | $942.2M | $413.9M | ||
| Q4 24 | $1.3B | $477.7M | ||
| Q3 24 | $517.6M | $534.9M | ||
| Q2 24 | $515.1M | $498.4M | ||
| Q1 24 | $548.9M | $465.3M |
| Q4 25 | $-1.8B | $750.2M | ||
| Q3 25 | $-1.5B | $758.5M | ||
| Q2 25 | $-1.3B | $800.4M | ||
| Q1 25 | $-1.1B | $531.5M | ||
| Q4 24 | $-752.4M | $549.0M | ||
| Q3 24 | $-546.1M | $551.9M | ||
| Q2 24 | $-371.3M | $562.6M | ||
| Q1 24 | $-277.2M | $529.9M |
| Q4 25 | $2.8B | $6.2B | ||
| Q3 25 | $2.8B | $6.2B | ||
| Q2 25 | $2.8B | $6.1B | ||
| Q1 25 | $3.0B | $5.2B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $2.6B | $5.2B | ||
| Q2 24 | $2.7B | $5.1B | ||
| Q1 24 | $2.8B | $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 | $235.4M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $224.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 35.4% | 7.9% |
| 资本支出强度资本支出/营收 | 1.7% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.17× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $930.8M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $235.4M | $164.7M | ||
| Q3 25 | $302.1M | $205.2M | ||
| Q2 25 | $260.5M | $122.5M | ||
| Q1 25 | $153.8M | $98.2M | ||
| Q4 24 | $213.8M | $166.6M | ||
| Q3 24 | $274.2M | $218.1M | ||
| Q2 24 | $230.6M | $184.3M | ||
| Q1 24 | $175.5M | $7.5M |
| Q4 25 | $224.9M | $58.5M | ||
| Q3 25 | $293.7M | $135.4M | ||
| Q2 25 | $258.5M | $53.0M | ||
| Q1 25 | $153.7M | $-14.5M | ||
| Q4 24 | $210.5M | $76.0M | ||
| Q3 24 | $270.1M | $85.7M | ||
| Q2 24 | $224.7M | $78.8M | ||
| Q1 24 | $166.3M | $-72.0M |
| Q4 25 | 35.4% | 7.9% | ||
| Q3 25 | 46.3% | 22.9% | ||
| Q2 25 | 41.3% | 8.0% | ||
| Q1 25 | 24.6% | -2.5% | ||
| Q4 24 | 32.7% | 11.7% | ||
| Q3 24 | 42.3% | 15.6% | ||
| Q2 24 | 35.4% | 12.9% | ||
| Q1 24 | 26.3% | -13.6% |
| Q4 25 | 1.7% | 14.4% | ||
| Q3 25 | 1.3% | 11.8% | ||
| Q2 25 | 0.3% | 10.5% | ||
| Q1 25 | 0.0% | 19.2% | ||
| Q4 24 | 0.5% | 14.0% | ||
| Q3 24 | 0.6% | 24.1% | ||
| Q2 24 | 0.9% | 17.2% | ||
| Q1 24 | 1.5% | 15.0% |
| Q4 25 | 2.17× | 2.21× | ||
| Q3 25 | 2.44× | 5.88× | ||
| Q2 25 | 2.07× | 1.71× | ||
| Q1 25 | 1.02× | 1.56× | ||
| Q4 24 | 2.08× | 2.30× | ||
| Q3 24 | 2.57× | 3.70× | ||
| Q2 24 | 2.09× | 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
DBX
| US | $355.3M | 56% |
| Non Us | $280.9M | 44% |
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% |
