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Evolent Health, Inc.（EVH）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Evolent Health, Inc.的1.6倍（$737.8M vs $468.7M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -91.6%，领先101.6%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -27.5%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -14.4%）
马奎尔健康是一家美国营利性医疗管理企业，目前为森特里奇旗下子公司，核心服务对象为特殊群体，业务聚焦医疗领域多个细分赛道。客户群体涵盖健康保险计划、其他管理式医疗机构、企业、工会、各类军事与政府机构以及第三方管理机构，2021年位列财富美国500强第390名。
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。
EVH vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $468.7M | $737.8M |
| 净利润 | $-429.1M | $74.5M |
| 毛利率 | 20.7% | 41.4% |
| 营业利润率 | -87.1% | 19.4% |
| 净利率 | -91.6% | 10.1% |
| 营收同比 | -27.5% | 13.9% |
| 净利润同比 | -1782.0% | 3.0% |
| 每股收益（稀释后） | $-3.76 | $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 | $468.7M | $737.8M | ||
| Q3 25 | $479.5M | $592.5M | ||
| Q2 25 | $444.3M | $659.5M | ||
| Q1 25 | $483.6M | $587.3M | ||
| Q4 24 | $646.5M | $647.6M | ||
| Q3 24 | $621.4M | $550.0M | ||
| Q2 24 | $647.1M | $613.3M | ||
| Q1 24 | $639.7M | $528.3M |
| Q4 25 | $-429.1M | $74.5M | ||
| Q3 25 | $-20.9M | $34.9M | ||
| Q2 25 | $-19.9M | $71.8M | ||
| Q1 25 | $-64.6M | $63.0M | ||
| Q4 24 | $-22.8M | $72.3M | ||
| Q3 24 | $-23.1M | $59.0M | ||
| Q2 24 | $1.6M | $100.8M | ||
| Q1 24 | $-17.3M | $42.8M |
| Q4 25 | 20.7% | 41.4% | ||
| Q3 25 | 20.8% | 40.9% | ||
| Q2 25 | 22.6% | 49.7% | ||
| Q1 25 | 21.2% | 44.4% | ||
| Q4 24 | 11.7% | 40.4% | ||
| Q3 24 | 13.0% | 43.1% | ||
| Q2 24 | 16.5% | 48.4% | ||
| Q1 24 | 16.3% | 41.5% |
| Q4 25 | -87.1% | 19.4% | ||
| Q3 25 | 0.2% | 15.0% | ||
| Q2 25 | -0.3% | 21.1% | ||
| Q1 25 | -0.3% | 19.8% | ||
| Q4 24 | -2.9% | 18.6% | ||
| Q3 24 | -2.6% | 19.3% | ||
| Q2 24 | 1.2% | 27.4% | ||
| Q1 24 | -2.1% | 18.2% |
| Q4 25 | -91.6% | 10.1% | ||
| Q3 25 | -4.4% | 5.9% | ||
| Q2 25 | -4.5% | 10.9% | ||
| Q1 25 | -13.4% | 10.7% | ||
| Q4 24 | -3.5% | 11.2% | ||
| Q3 24 | -3.7% | 10.7% | ||
| Q2 24 | 0.2% | 16.4% | ||
| Q1 24 | -2.7% | 8.1% |
| Q4 25 | $-3.76 | $1.12 | ||
| Q3 25 | $-0.24 | $0.53 | ||
| Q2 25 | $-0.44 | $1.12 | ||
| Q1 25 | $-0.63 | $1.00 | ||
| Q4 24 | $-0.26 | $1.12 | ||
| Q3 24 | $-0.27 | $0.94 | ||
| Q2 24 | $-0.06 | $1.65 | ||
| Q1 24 | $-0.22 | $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 | $151.9M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $415.2M | $750.2M |
| 总资产 | $1.9B | $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 | $151.9M | $471.4M | ||
| Q3 25 | $116.7M | $483.3M | ||
| Q2 25 | $151.0M | $420.6M | ||
| Q1 25 | $246.5M | $413.9M | ||
| Q4 24 | $104.2M | $477.7M | ||
| Q3 24 | $96.6M | $534.9M | ||
| Q2 24 | $101.3M | $498.4M | ||
| Q1 24 | $165.1M | $465.3M |
| Q4 25 | $415.2M | $750.2M | ||
| Q3 25 | $842.2M | $758.5M | ||
| Q2 25 | $896.0M | $800.4M | ||
| Q1 25 | $935.5M | $531.5M | ||
| Q4 24 | $1.0B | $549.0M | ||
| Q3 24 | $1.0B | $551.9M | ||
| Q2 24 | $1.1B | $562.6M | ||
| Q1 24 | $1.0B | $529.9M |
| Q4 25 | $1.9B | $6.2B | ||
| Q3 25 | $2.5B | $6.2B | ||
| Q2 25 | $2.5B | $6.1B | ||
| Q1 25 | $2.7B | $5.2B | ||
| Q4 24 | $2.5B | $5.2B | ||
| Q3 24 | $2.5B | $5.2B | ||
| Q2 24 | $2.5B | $5.1B | ||
| Q1 24 | $2.6B | $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 | $48.8M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 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 | — | 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 | — | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $48.8M | $164.7M | ||
| Q3 25 | $15.8M | $205.2M | ||
| Q2 25 | $-30.3M | $122.5M | ||
| Q1 25 | $4.6M | $98.2M | ||
| Q4 24 | $-26.2M | $166.6M | ||
| Q3 24 | $18.7M | $218.1M | ||
| Q2 24 | $21.4M | $184.3M | ||
| Q1 24 | $4.9M | $7.5M |
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $-72.0M |
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | -13.6% |
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.0% |
| 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 | 13.42× | 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
EVH
| Commercial And Other Customers | $147.9M | 32% |
| Medicare Customers | $111.2M | 24% |
| Specialty Technology And Services Suite | $95.7M | 20% |
| Administrative Service | $55.8M | 12% |
| Cases | $47.7M | 10% |
| Related Party | $4.5M | 1% |
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% |
