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DNOW Inc.（DNOW）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
DNOW Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.4倍（$959.0M vs $664.6M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs -16.8%，领先27.2%），DNOW Inc.同比增速更快（68.0% vs 13.2%），过去两年DNOW Inc.的营收复合增速更高（30.5% vs 4.1%）
DNOW Inc.（商业名称DistributionNOW）是一家全球工业及能源产品分销商，提供供应链管理、库存优化、技术支持服务，主营油气、可再生能源、制造、建筑等领域所需的零部件、设备及耗材，业务覆盖北美、欧洲及亚太地区。
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。
DNOW vs RHP — 直观对比
营收规模更大
DNOW
是对方的1.4倍
$664.6M
营收增速更快
DNOW
高出54.8%
13.2%
净利率更高
RHP
高出27.2%
-16.8%
两年增速更快
DNOW
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $959.0M | $664.6M |
| 净利润 | $-161.0M | $69.4M |
| 毛利率 | 5.2% | — |
| 营业利润率 | -19.6% | 20.7% |
| 净利率 | -16.8% | 10.4% |
| 营收同比 | 68.0% | 13.2% |
| 净利润同比 | -905.0% | 10.1% |
| 每股收益（稀释后） | $-1.42 | $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DNOWRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $959.0M | $737.8M | ||
| Q3 25 | $634.0M | $592.5M | ||
| Q2 25 | $628.0M | $659.5M | ||
| Q1 25 | $599.0M | $587.3M | ||
| Q4 24 | $571.0M | $647.6M | ||
| Q3 24 | $606.0M | $550.0M | ||
| Q2 24 | $633.0M | $613.3M |
净利润DNOWRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $-161.0M | $74.5M | ||
| Q3 25 | $25.0M | $34.9M | ||
| Q2 25 | $25.0M | $71.8M | ||
| Q1 25 | $22.0M | $63.0M | ||
| Q4 24 | $20.0M | $72.3M | ||
| Q3 24 | $13.0M | $59.0M | ||
| Q2 24 | $24.0M | $100.8M |
毛利率DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 41.4% | ||
| Q3 25 | 22.9% | 40.9% | ||
| Q2 25 | 22.9% | 49.7% | ||
| Q1 25 | 23.2% | 44.4% | ||
| Q4 24 | 22.6% | 40.4% | ||
| Q3 24 | 22.3% | 43.1% | ||
| Q2 24 | 21.8% | 48.4% |
营业利润率DNOWRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | -19.6% | 19.4% | ||
| Q3 25 | 5.2% | 15.0% | ||
| Q2 25 | 5.1% | 21.1% | ||
| Q1 25 | 5.0% | 19.8% | ||
| Q4 24 | 4.4% | 18.6% | ||
| Q3 24 | 3.8% | 19.3% | ||
| Q2 24 | 5.2% | 27.4% |
净利率DNOWRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | -16.8% | 10.1% | ||
| Q3 25 | 3.9% | 5.9% | ||
| Q2 25 | 4.0% | 10.9% | ||
| Q1 25 | 3.7% | 10.7% | ||
| Q4 24 | 3.5% | 11.2% | ||
| Q3 24 | 2.1% | 10.7% | ||
| Q2 24 | 3.8% | 16.4% |
每股收益（稀释后）DNOWRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $-1.42 | $1.12 | ||
| Q3 25 | $0.23 | $0.53 | ||
| Q2 25 | $0.23 | $1.12 | ||
| Q1 25 | $0.20 | $1.00 | ||
| Q4 24 | $0.19 | $1.12 | ||
| Q3 24 | $0.12 | $0.94 | ||
| Q2 24 | $0.21 | $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 | $164.0M | — |
| 总债务越低越好 | $411.0M | — |
| 股东权益账面价值 | $2.2B | $770.8M |
| 总资产 | $3.9B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.18× | — |
8季度趋势，按日历期对齐
现金及短期投资DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | $164.0M | $471.4M | ||
| Q3 25 | $266.0M | $483.3M | ||
| Q2 25 | $232.0M | $420.6M | ||
| Q1 25 | $219.0M | $413.9M | ||
| Q4 24 | $256.0M | $477.7M | ||
| Q3 24 | $261.0M | $534.9M | ||
| Q2 24 | $197.0M | $498.4M |
总债务DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | $411.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DNOWRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $2.2B | $750.2M | ||
| Q3 25 | $1.2B | $758.5M | ||
| Q2 25 | $1.2B | $800.4M | ||
| Q1 25 | $1.1B | $531.5M | ||
| Q4 24 | $1.1B | $549.0M | ||
| Q3 24 | $1.1B | $551.9M | ||
| Q2 24 | $1.1B | $562.6M |
总资产DNOWRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.9B | $6.2B | ||
| Q3 25 | $1.7B | $6.2B | ||
| Q2 25 | $1.7B | $6.1B | ||
| Q1 25 | $1.7B | $5.2B | ||
| Q4 24 | $1.6B | $5.2B | ||
| Q3 24 | $1.6B | $5.2B | ||
| Q2 24 | $1.6B | $5.1B |
负债/权益比DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.18× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $83.0M | — |
| 自由现金流经营现金流 - 资本支出 | $76.0M | — |
| 自由现金流率自由现金流/营收 | 7.9% | — |
| 资本支出强度资本支出/营收 | 0.7% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $134.0M | — |
8季度趋势，按日历期对齐
经营现金流DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | $83.0M | $164.7M | ||
| Q3 25 | $43.0M | $205.2M | ||
| Q2 25 | $45.0M | $122.5M | ||
| Q1 25 | $-16.0M | $98.2M | ||
| Q4 24 | $122.0M | $166.6M | ||
| Q3 24 | $74.0M | $218.1M | ||
| Q2 24 | $21.0M | $184.3M |
自由现金流DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | $76.0M | $58.5M | ||
| Q3 25 | $39.0M | $135.4M | ||
| Q2 25 | $41.0M | $53.0M | ||
| Q1 25 | $-22.0M | $-14.5M | ||
| Q4 24 | $119.0M | $76.0M | ||
| Q3 24 | $72.0M | $85.7M | ||
| Q2 24 | $18.0M | $78.8M |
自由现金流率DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 7.9% | ||
| Q3 25 | 6.2% | 22.9% | ||
| Q2 25 | 6.5% | 8.0% | ||
| Q1 25 | -3.7% | -2.5% | ||
| Q4 24 | 20.8% | 11.7% | ||
| Q3 24 | 11.9% | 15.6% | ||
| Q2 24 | 2.8% | 12.9% |
资本支出强度DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 14.4% | ||
| Q3 25 | 0.6% | 11.8% | ||
| Q2 25 | 0.6% | 10.5% | ||
| Q1 25 | 1.0% | 19.2% | ||
| Q4 24 | 0.5% | 14.0% | ||
| Q3 24 | 0.3% | 24.1% | ||
| Q2 24 | 0.5% | 17.2% |
现金转化率DNOWRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | 1.72× | 5.88× | ||
| Q2 25 | 1.80× | 1.71× | ||
| Q1 25 | -0.73× | 1.56× | ||
| Q4 24 | 6.10× | 2.30× | ||
| Q3 24 | 5.69× | 3.70× | ||
| Q2 24 | 0.88× | 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
DNOW
| Pipelines | $455.0M | 47% |
| Downstream And Industrial | $196.0M | 20% |
| Gas Utilities | $183.0M | 19% |
| Oil And Gas Properties | $105.0M | 11% |
| Other | $20.0M | 2% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
