vs
Elastic N.V.（ESTC）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Elastic N.V.的1.7倍（$737.8M vs $423.5M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -12.1%，领先22.2%），Elastic N.V.同比增速更快（15.9% vs 13.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $26.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 13.6%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs RHP — 直观对比
营收规模更大
RHP
是对方的1.7倍
$423.5M
营收增速更快
ESTC
高出2.0%
13.9%
净利率更高
RHP
高出22.2%
-12.1%
自由现金流更多
RHP
多$32.5M
$26.0M
两年增速更快
RHP
近两年复合增速
13.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $737.8M |
| 净利润 | $-51.3M | $74.5M |
| 毛利率 | 75.9% | 41.4% |
| 营业利润率 | -1.9% | 19.4% |
| 净利率 | -12.1% | 10.1% |
| 营收同比 | 15.9% | 13.9% |
| 净利润同比 | -101.5% | 3.0% |
| 每股收益（稀释后） | $-0.48 | $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ESTCRHP
| Q4 25 | $423.5M | $737.8M | ||
| Q3 25 | $415.3M | $592.5M | ||
| Q2 25 | $388.4M | $659.5M | ||
| Q1 25 | $382.1M | $587.3M | ||
| Q4 24 | $365.4M | $647.6M | ||
| Q3 24 | $347.4M | $550.0M | ||
| Q2 24 | $335.0M | $613.3M | ||
| Q1 24 | $328.0M | $528.3M |
净利润ESTCRHP
| Q4 25 | $-51.3M | $74.5M | ||
| Q3 25 | $-24.6M | $34.9M | ||
| Q2 25 | $-16.4M | $71.8M | ||
| Q1 25 | $-17.1M | $63.0M | ||
| Q4 24 | $-25.4M | $72.3M | ||
| Q3 24 | $-49.2M | $59.0M | ||
| Q2 24 | $-41.1M | $100.8M | ||
| Q1 24 | $176.1M | $42.8M |
毛利率ESTCRHP
| Q4 25 | 75.9% | 41.4% | ||
| Q3 25 | 76.7% | 40.9% | ||
| Q2 25 | 74.8% | 49.7% | ||
| Q1 25 | 74.6% | 44.4% | ||
| Q4 24 | 74.5% | 40.4% | ||
| Q3 24 | 73.6% | 43.1% | ||
| Q2 24 | 73.8% | 48.4% | ||
| Q1 24 | 74.2% | 41.5% |
营业利润率ESTCRHP
| Q4 25 | -1.9% | 19.4% | ||
| Q3 25 | -2.3% | 15.0% | ||
| Q2 25 | -3.1% | 21.1% | ||
| Q1 25 | -1.2% | 19.8% | ||
| Q4 24 | -1.2% | 18.6% | ||
| Q3 24 | -9.7% | 19.3% | ||
| Q2 24 | -13.6% | 27.4% | ||
| Q1 24 | -8.1% | 18.2% |
净利率ESTCRHP
| Q4 25 | -12.1% | 10.1% | ||
| Q3 25 | -5.9% | 5.9% | ||
| Q2 25 | -4.2% | 10.9% | ||
| Q1 25 | -4.5% | 10.7% | ||
| Q4 24 | -7.0% | 11.2% | ||
| Q3 24 | -14.2% | 10.7% | ||
| Q2 24 | -12.3% | 16.4% | ||
| Q1 24 | 53.7% | 8.1% |
每股收益（稀释后）ESTCRHP
| Q4 25 | $-0.48 | $1.12 | ||
| Q3 25 | $-0.23 | $0.53 | ||
| Q2 25 | $-0.15 | $1.12 | ||
| Q1 25 | $-0.16 | $1.00 | ||
| Q4 24 | $-0.25 | $1.12 | ||
| Q3 24 | $-0.48 | $0.94 | ||
| Q2 24 | $-0.35 | $1.65 | ||
| Q1 24 | $1.69 | $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 | $1.4B | $471.4M |
| 总债务越低越好 | $570.3M | — |
| 股东权益账面价值 | $891.1M | $750.2M |
| 总资产 | $2.5B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.64× | — |
8季度趋势，按日历期对齐
现金及短期投资ESTCRHP
| Q4 25 | $1.4B | $471.4M | ||
| Q3 25 | $1.5B | $483.3M | ||
| Q2 25 | $1.4B | $420.6M | ||
| Q1 25 | $584.0M | $413.9M | ||
| Q4 24 | $658.5M | $477.7M | ||
| Q3 24 | $594.9M | $534.9M | ||
| Q2 24 | $1.1B | $498.4M | ||
| Q1 24 | $526.9M | $465.3M |
总债务ESTCRHP
| Q4 25 | $570.3M | — | ||
| Q3 25 | $570.0M | — | ||
| Q2 25 | $569.7M | — | ||
| Q1 25 | $569.4M | — | ||
| Q4 24 | $569.2M | — | ||
| Q3 24 | $568.9M | — | ||
| Q2 24 | $568.6M | — | ||
| Q1 24 | $568.3M | — |
股东权益ESTCRHP
| Q4 25 | $891.1M | $750.2M | ||
| Q3 25 | $971.4M | $758.5M | ||
| Q2 25 | $927.2M | $800.4M | ||
| Q1 25 | $859.1M | $531.5M | ||
| Q4 24 | $811.5M | $549.0M | ||
| Q3 24 | $759.4M | $551.9M | ||
| Q2 24 | $738.2M | $562.6M | ||
| Q1 24 | $707.8M | $529.9M |
总资产ESTCRHP
| Q4 25 | $2.5B | $6.2B | ||
| Q3 25 | $2.5B | $6.2B | ||
| Q2 25 | $2.6B | $6.1B | ||
| Q1 25 | $2.3B | $5.2B | ||
| Q4 24 | $2.2B | $5.2B | ||
| Q3 24 | $2.2B | $5.2B | ||
| Q2 24 | $2.2B | $5.1B | ||
| Q1 24 | $2.1B | $5.1B |
负债/权益比ESTCRHP
| Q4 25 | 0.64× | — | ||
| Q3 25 | 0.59× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.75× | — | ||
| Q2 24 | 0.77× | — | ||
| Q1 24 | 0.80× | — |
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 | $26.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 6.1% | 7.9% |
| 资本支出强度资本支出/营收 | 0.1% | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | $302.3M | $232.4M |
8季度趋势，按日历期对齐
经营现金流ESTCRHP
| Q4 25 | $26.6M | $164.7M | ||
| Q3 25 | $104.8M | $205.2M | ||
| Q2 25 | $87.0M | $122.5M | ||
| Q1 25 | $88.1M | $98.2M | ||
| Q4 24 | $38.4M | $166.6M | ||
| Q3 24 | $52.8M | $218.1M | ||
| Q2 24 | $60.9M | $184.3M | ||
| Q1 24 | $52.4M | $7.5M |
自由现金流ESTCRHP
| Q4 25 | $26.0M | $58.5M | ||
| Q3 25 | $104.2M | $135.4M | ||
| Q2 25 | $84.9M | $53.0M | ||
| Q1 25 | $87.3M | $-14.5M | ||
| Q4 24 | $37.7M | $76.0M | ||
| Q3 24 | $52.0M | $85.7M | ||
| Q2 24 | $60.1M | $78.8M | ||
| Q1 24 | $51.3M | $-72.0M |
自由现金流率ESTCRHP
| Q4 25 | 6.1% | 7.9% | ||
| Q3 25 | 25.1% | 22.9% | ||
| Q2 25 | 21.8% | 8.0% | ||
| Q1 25 | 22.8% | -2.5% | ||
| Q4 24 | 10.3% | 11.7% | ||
| Q3 24 | 15.0% | 15.6% | ||
| Q2 24 | 17.9% | 12.9% | ||
| Q1 24 | 15.6% | -13.6% |
资本支出强度ESTCRHP
| Q4 25 | 0.1% | 14.4% | ||
| Q3 25 | 0.2% | 11.8% | ||
| Q2 25 | 0.5% | 10.5% | ||
| Q1 25 | 0.2% | 19.2% | ||
| Q4 24 | 0.2% | 14.0% | ||
| Q3 24 | 0.2% | 24.1% | ||
| Q2 24 | 0.3% | 17.2% | ||
| Q1 24 | 0.3% | 15.0% |
现金转化率ESTCRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | 0.30× | 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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
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% |
