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F5, Inc.（FFIV）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
F5, Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.1倍（$822.5M vs $737.8M），F5, Inc.净利率更高（21.9% vs 10.1%，领先11.8%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 7.3%），F5, Inc.自由现金流更多（$149.5M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 9.9%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
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。
FFIV vs RHP — 直观对比
营收规模更大
FFIV
是对方的1.1倍
$737.8M
营收增速更快
RHP
高出6.6%
7.3%
净利率更高
FFIV
高出11.8%
10.1%
自由现金流更多
FFIV
多$91.0M
$58.5M
两年增速更快
RHP
近两年复合增速
9.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $822.5M | $737.8M |
| 净利润 | $180.1M | $74.5M |
| 毛利率 | 81.5% | 41.4% |
| 营业利润率 | 26.0% | 19.4% |
| 净利率 | 21.9% | 10.1% |
| 营收同比 | 7.3% | 13.9% |
| 净利润同比 | 8.2% | 3.0% |
| 每股收益（稀释后） | $3.10 | $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FFIVRHP
| Q4 25 | $822.5M | $737.8M | ||
| Q3 25 | $810.1M | $592.5M | ||
| Q2 25 | $780.4M | $659.5M | ||
| Q1 25 | $731.1M | $587.3M | ||
| Q4 24 | $766.5M | $647.6M | ||
| Q3 24 | $746.7M | $550.0M | ||
| Q2 24 | $695.5M | $613.3M | ||
| Q1 24 | $681.4M | $528.3M |
净利润FFIVRHP
| Q4 25 | $180.1M | $74.5M | ||
| Q3 25 | $190.5M | $34.9M | ||
| Q2 25 | $189.9M | $71.8M | ||
| Q1 25 | $145.5M | $63.0M | ||
| Q4 24 | $166.4M | $72.3M | ||
| Q3 24 | $165.3M | $59.0M | ||
| Q2 24 | $144.1M | $100.8M | ||
| Q1 24 | $119.0M | $42.8M |
毛利率FFIVRHP
| Q4 25 | 81.5% | 41.4% | ||
| Q3 25 | 82.2% | 40.9% | ||
| Q2 25 | 81.0% | 49.7% | ||
| Q1 25 | 80.7% | 44.4% | ||
| Q4 24 | 81.7% | 40.4% | ||
| Q3 24 | 80.8% | 43.1% | ||
| Q2 24 | 80.4% | 48.4% | ||
| Q1 24 | 79.3% | 41.5% |
营业利润率FFIVRHP
| Q4 25 | 26.0% | 19.4% | ||
| Q3 25 | 25.4% | 15.0% | ||
| Q2 25 | 25.2% | 21.1% | ||
| Q1 25 | 21.7% | 19.8% | ||
| Q4 24 | 26.8% | 18.6% | ||
| Q3 24 | 25.6% | 19.3% | ||
| Q2 24 | 23.4% | 27.4% | ||
| Q1 24 | 20.5% | 18.2% |
净利率FFIVRHP
| Q4 25 | 21.9% | 10.1% | ||
| Q3 25 | 23.5% | 5.9% | ||
| Q2 25 | 24.3% | 10.9% | ||
| Q1 25 | 19.9% | 10.7% | ||
| Q4 24 | 21.7% | 11.2% | ||
| Q3 24 | 22.1% | 10.7% | ||
| Q2 24 | 20.7% | 16.4% | ||
| Q1 24 | 17.5% | 8.1% |
每股收益（稀释后）FFIVRHP
| Q4 25 | $3.10 | $1.12 | ||
| Q3 25 | $3.25 | $0.53 | ||
| Q2 25 | $3.25 | $1.12 | ||
| Q1 25 | $2.48 | $1.00 | ||
| Q4 24 | $2.82 | $1.12 | ||
| Q3 24 | $2.79 | $0.94 | ||
| Q2 24 | $2.44 | $1.65 | ||
| Q1 24 | $2.00 | $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 | $1.2B | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $750.2M |
| 总资产 | $6.3B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FFIVRHP
| Q4 25 | $1.2B | $471.4M | ||
| Q3 25 | $1.3B | $483.3M | ||
| Q2 25 | $1.4B | $420.6M | ||
| Q1 25 | $1.3B | $413.9M | ||
| Q4 24 | $1.2B | $477.7M | ||
| Q3 24 | $1.1B | $534.9M | ||
| Q2 24 | $935.6M | $498.4M | ||
| Q1 24 | $903.5M | $465.3M |
股东权益FFIVRHP
| Q4 25 | $3.5B | $750.2M | ||
| Q3 25 | $3.6B | $758.5M | ||
| Q2 25 | $3.5B | $800.4M | ||
| Q1 25 | $3.3B | $531.5M | ||
| Q4 24 | $3.2B | $549.0M | ||
| Q3 24 | $3.1B | $551.9M | ||
| Q2 24 | $3.0B | $562.6M | ||
| Q1 24 | $2.9B | $529.9M |
总资产FFIVRHP
| Q4 25 | $6.3B | $6.2B | ||
| Q3 25 | $6.3B | $6.2B | ||
| Q2 25 | $6.1B | $6.1B | ||
| Q1 25 | $5.9B | $5.2B | ||
| Q4 24 | $5.9B | $5.2B | ||
| Q3 24 | $5.6B | $5.2B | ||
| Q2 24 | $5.4B | $5.1B | ||
| Q1 24 | $5.4B | $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 | $159.2M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $149.5M | $58.5M |
| 自由现金流率自由现金流/营收 | 18.2% | 7.9% |
| 资本支出强度资本支出/营收 | 1.2% | 14.4% |
| 现金转化率经营现金流/净利润 | 0.88× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $861.2M | $232.4M |
8季度趋势，按日历期对齐
经营现金流FFIVRHP
| Q4 25 | $159.2M | $164.7M | ||
| Q3 25 | $208.1M | $205.2M | ||
| Q2 25 | $282.2M | $122.5M | ||
| Q1 25 | $256.6M | $98.2M | ||
| Q4 24 | $202.8M | $166.6M | ||
| Q3 24 | $246.5M | $218.1M | ||
| Q2 24 | $159.0M | $184.3M | ||
| Q1 24 | $221.6M | $7.5M |
自由现金流FFIVRHP
| Q4 25 | $149.5M | $58.5M | ||
| Q3 25 | $191.9M | $135.4M | ||
| Q2 25 | $273.7M | $53.0M | ||
| Q1 25 | $246.1M | $-14.5M | ||
| Q4 24 | $194.7M | $76.0M | ||
| Q3 24 | $240.4M | $85.7M | ||
| Q2 24 | $153.1M | $78.8M | ||
| Q1 24 | $212.2M | $-72.0M |
自由现金流率FFIVRHP
| Q4 25 | 18.2% | 7.9% | ||
| Q3 25 | 23.7% | 22.9% | ||
| Q2 25 | 35.1% | 8.0% | ||
| Q1 25 | 33.7% | -2.5% | ||
| Q4 24 | 25.4% | 11.7% | ||
| Q3 24 | 32.2% | 15.6% | ||
| Q2 24 | 22.0% | 12.9% | ||
| Q1 24 | 31.1% | -13.6% |
资本支出强度FFIVRHP
| Q4 25 | 1.2% | 14.4% | ||
| Q3 25 | 2.0% | 11.8% | ||
| Q2 25 | 1.1% | 10.5% | ||
| Q1 25 | 1.4% | 19.2% | ||
| Q4 24 | 1.1% | 14.0% | ||
| Q3 24 | 0.8% | 24.1% | ||
| Q2 24 | 0.8% | 17.2% | ||
| Q1 24 | 1.4% | 15.0% |
现金转化率FFIVRHP
| Q4 25 | 0.88× | 2.21× | ||
| Q3 25 | 1.09× | 5.88× | ||
| Q2 25 | 1.49× | 1.71× | ||
| Q1 25 | 1.76× | 1.56× | ||
| Q4 24 | 1.22× | 2.30× | ||
| Q3 24 | 1.49× | 3.70× | ||
| Q2 24 | 1.10× | 1.83× | ||
| Q1 24 | 1.86× | 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
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
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% |
