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Dream Finders Homes, Inc.（DFH）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
Dream Finders Homes, Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 4.8%，领先5.2%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $58.5M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 18.2%）
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
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。
DFH vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | $58.8M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 6.4% | 19.4% |
| 净利率 | 4.8% | 10.1% |
| 营收同比 | -22.3% | 13.9% |
| 净利润同比 | -54.9% | 3.0% |
| 每股收益（稀释后） | $0.57 | $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 | $1.2B | $737.8M | ||
| Q3 25 | $969.8M | $592.5M | ||
| Q2 25 | $1.2B | $659.5M | ||
| Q1 25 | $989.9M | $587.3M | ||
| Q4 24 | $1.6B | $647.6M | ||
| Q3 24 | $1.0B | $550.0M | ||
| Q2 24 | $1.1B | $613.3M | ||
| Q1 24 | $827.8M | $528.3M |
| Q4 25 | $58.8M | $74.5M | ||
| Q3 25 | $47.0M | $34.9M | ||
| Q2 25 | $56.6M | $71.8M | ||
| Q1 25 | $54.9M | $63.0M | ||
| Q4 24 | $130.5M | $72.3M | ||
| Q3 24 | $70.7M | $59.0M | ||
| Q2 24 | $80.9M | $100.8M | ||
| Q1 24 | $54.5M | $42.8M |
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | 19.2% | 48.4% | ||
| Q1 24 | 18.0% | 41.5% |
| Q4 25 | 6.4% | 19.4% | ||
| Q3 25 | 6.3% | 15.0% | ||
| Q2 25 | 6.4% | 21.1% | ||
| Q1 25 | 7.2% | 19.8% | ||
| Q4 24 | 10.8% | 18.6% | ||
| Q3 24 | 9.2% | 19.3% | ||
| Q2 24 | 10.0% | 27.4% | ||
| Q1 24 | 8.6% | 18.2% |
| Q4 25 | 4.8% | 10.1% | ||
| Q3 25 | 4.8% | 5.9% | ||
| Q2 25 | 4.9% | 10.9% | ||
| Q1 25 | 5.5% | 10.7% | ||
| Q4 24 | 8.4% | 11.2% | ||
| Q3 24 | 7.0% | 10.7% | ||
| Q2 24 | 7.7% | 16.4% | ||
| Q1 24 | 6.6% | 8.1% |
| Q4 25 | $0.57 | $1.12 | ||
| Q3 25 | $0.47 | $0.53 | ||
| Q2 25 | $0.56 | $1.12 | ||
| Q1 25 | $0.54 | $1.00 | ||
| Q4 24 | $1.28 | $1.12 | ||
| Q3 24 | $0.70 | $0.94 | ||
| Q2 24 | $0.81 | $1.65 | ||
| Q1 24 | $0.55 | $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 | $234.8M | $471.4M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $750.2M |
| 总资产 | $3.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.13× | — |
8季度趋势，按日历期对齐
| Q4 25 | $234.8M | $471.4M | ||
| Q3 25 | $251.0M | $483.3M | ||
| Q2 25 | $210.3M | $420.6M | ||
| Q1 25 | $297.5M | $413.9M | ||
| Q4 24 | $274.4M | $477.7M | ||
| Q3 24 | $204.9M | $534.9M | ||
| Q2 24 | $274.8M | $498.4M | ||
| Q1 24 | $239.4M | $465.3M |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $750.2M | ||
| Q3 25 | $1.4B | $758.5M | ||
| Q2 25 | $1.3B | $800.4M | ||
| Q1 25 | $1.3B | $531.5M | ||
| Q4 24 | $1.2B | $549.0M | ||
| Q3 24 | $1.1B | $551.9M | ||
| Q2 24 | $1.0B | $562.6M | ||
| Q1 24 | $968.7M | $529.9M |
| Q4 25 | $3.7B | $6.2B | ||
| Q3 25 | $3.8B | $6.2B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.5B | $5.2B | ||
| Q4 24 | $3.3B | $5.2B | ||
| Q3 24 | $3.3B | $5.2B | ||
| Q2 24 | $3.0B | $5.1B | ||
| Q1 24 | $2.7B | $5.1B |
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $143.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 11.2% | 7.9% |
| 资本支出强度资本支出/营收 | 0.6% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.44× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $143.6M | $164.7M | ||
| Q3 25 | $-131.0M | $205.2M | ||
| Q2 25 | $-68.5M | $122.5M | ||
| Q1 25 | $-44.7M | $98.2M | ||
| Q4 24 | $306.5M | $166.6M | ||
| Q3 24 | $-205.0M | $218.1M | ||
| Q2 24 | $-110.6M | $184.3M | ||
| Q1 24 | $-247.5M | $7.5M |
| Q4 25 | $136.0M | $58.5M | ||
| Q3 25 | $-135.7M | $135.4M | ||
| Q2 25 | $-78.8M | $53.0M | ||
| Q1 25 | $-47.9M | $-14.5M | ||
| Q4 24 | $302.6M | $76.0M | ||
| Q3 24 | $-222.5M | $85.7M | ||
| Q2 24 | $-112.4M | $78.8M | ||
| Q1 24 | $-249.6M | $-72.0M |
| Q4 25 | 11.2% | 7.9% | ||
| Q3 25 | -14.0% | 22.9% | ||
| Q2 25 | -6.8% | 8.0% | ||
| Q1 25 | -4.8% | -2.5% | ||
| Q4 24 | 19.4% | 11.7% | ||
| Q3 24 | -22.1% | 15.6% | ||
| Q2 24 | -10.6% | 12.9% | ||
| Q1 24 | -30.2% | -13.6% |
| Q4 25 | 0.6% | 14.4% | ||
| Q3 25 | 0.5% | 11.8% | ||
| Q2 25 | 0.9% | 10.5% | ||
| Q1 25 | 0.3% | 19.2% | ||
| Q4 24 | 0.3% | 14.0% | ||
| Q3 24 | 1.7% | 24.1% | ||
| Q2 24 | 0.2% | 17.2% | ||
| Q1 24 | 0.3% | 15.0% |
| Q4 25 | 2.44× | 2.21× | ||
| Q3 25 | -2.79× | 5.88× | ||
| Q2 25 | -1.21× | 1.71× | ||
| Q1 25 | -0.81× | 1.56× | ||
| Q4 24 | 2.35× | 2.30× | ||
| Q3 24 | -2.90× | 3.70× | ||
| Q2 24 | -1.37× | 1.83× | ||
| Q1 24 | -4.54× | 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
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
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% |
