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Shift4 Payments, Inc.（FOUR）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
Shift4 Payments, Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.8倍（$1.2B vs $664.6M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs 3.4%，领先7.1%），Shift4 Payments, Inc.同比增速更快（34.0% vs 13.2%），过去两年Shift4 Payments, Inc.的营收复合增速更高（29.6% vs 4.1%）
Shift4 Payments是美国支付处理服务商，总部位于宾夕法尼亚州阿伦敦，1999年由贾里德·艾萨克曼创立。公司为零售、酒店、休闲、餐饮等行业超20万家商户提供支付处理服务，主营移动支付软硬件等商业技术，2020年于纽约证券交易所挂牌上市。
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。
FOUR vs RHP — 直观对比
营收规模更大
FOUR
是对方的1.8倍
$664.6M
营收增速更快
FOUR
高出20.8%
13.2%
净利率更高
RHP
高出7.1%
3.4%
两年增速更快
FOUR
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $664.6M |
| 净利润 | $40.2M | $69.4M |
| 毛利率 | — | — |
| 营业利润率 | 10.8% | 20.7% |
| 净利率 | 3.4% | 10.4% |
| 营收同比 | 34.0% | 13.2% |
| 净利润同比 | -65.3% | 10.1% |
| 每股收益（稀释后） | — | $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FOURRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $1.2B | $737.8M | ||
| Q3 25 | $1.2B | $592.5M | ||
| Q2 25 | $966.2M | $659.5M | ||
| Q1 25 | $848.3M | $587.3M | ||
| Q4 24 | $887.0M | $647.6M | ||
| Q3 24 | $909.2M | $550.0M | ||
| Q2 24 | $827.0M | $613.3M |
净利润FOURRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $40.2M | $74.5M | ||
| Q3 25 | $28.1M | $34.9M | ||
| Q2 25 | $34.0M | $71.8M | ||
| Q1 25 | $16.7M | $63.0M | ||
| Q4 24 | $116.0M | $72.3M | ||
| Q3 24 | $53.8M | $59.0M | ||
| Q2 24 | $39.2M | $100.8M |
毛利率FOURRHP
| Q1 26 | — | — | ||
| 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 | — | 48.4% |
营业利润率FOURRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 10.8% | 19.4% | ||
| Q3 25 | 9.7% | 15.0% | ||
| Q2 25 | 8.6% | 21.1% | ||
| Q1 25 | 3.0% | 19.8% | ||
| Q4 24 | 9.7% | 18.6% | ||
| Q3 24 | 8.8% | 19.3% | ||
| Q2 24 | 7.2% | 27.4% |
净利率FOURRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 3.4% | 10.1% | ||
| Q3 25 | 2.4% | 5.9% | ||
| Q2 25 | 3.5% | 10.9% | ||
| Q1 25 | 2.0% | 10.7% | ||
| Q4 24 | 13.1% | 11.2% | ||
| Q3 24 | 5.9% | 10.7% | ||
| Q2 24 | 4.7% | 16.4% |
每股收益（稀释后）FOURRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | — | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | — | $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 | $964.0M | — |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.4B | $770.8M |
| 总资产 | $8.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 3.15× | — |
8季度趋势，按日历期对齐
现金及短期投资FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | $964.0M | $471.4M | ||
| Q3 25 | $1.5B | $483.3M | ||
| Q2 25 | $3.0B | $420.6M | ||
| Q1 25 | $1.2B | $413.9M | ||
| Q4 24 | $1.2B | $477.7M | ||
| Q3 24 | $1.4B | $534.9M | ||
| Q2 24 | $205.0M | $498.4M |
总债务FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FOURRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $1.4B | $750.2M | ||
| Q3 25 | $1.7B | $758.5M | ||
| Q2 25 | $1.6B | $800.4M | ||
| Q1 25 | $805.2M | $531.5M | ||
| Q4 24 | $806.6M | $549.0M | ||
| Q3 24 | $811.8M | $551.9M | ||
| Q2 24 | $700.8M | $562.6M |
总资产FOURRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $8.7B | $6.2B | ||
| Q3 25 | $9.0B | $6.2B | ||
| Q2 25 | $7.0B | $6.1B | ||
| Q1 25 | $5.0B | $5.2B | ||
| Q4 24 | $5.0B | $5.2B | ||
| Q3 24 | $5.0B | $5.2B | ||
| Q2 24 | $3.5B | $5.1B |
负债/权益比FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | 3.15× | — | ||
| Q3 25 | 2.83× | — | ||
| Q2 25 | 2.34× | — | ||
| Q1 25 | 3.53× | — | ||
| Q4 24 | 3.52× | — | ||
| 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 | $223.7M | — |
| 自由现金流经营现金流 - 资本支出 | $222.5M | — |
| 自由现金流率自由现金流/营收 | 18.7% | — |
| 资本支出强度资本支出/营收 | 0.1% | — |
| 现金转化率经营现金流/净利润 | 5.56× | — |
| 过去12个月自由现金流最近4个季度 | $624.0M | — |
8季度趋势，按日历期对齐
经营现金流FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | $223.7M | $164.7M | ||
| Q3 25 | $171.8M | $205.2M | ||
| Q2 25 | $141.9M | $122.5M | ||
| Q1 25 | $96.6M | $98.2M | ||
| Q4 24 | $145.4M | $166.6M | ||
| Q3 24 | $182.1M | $218.1M | ||
| Q2 24 | $116.1M | $184.3M |
自由现金流FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | $222.5M | $58.5M | ||
| Q3 25 | $165.4M | $135.4M | ||
| Q2 25 | $141.0M | $53.0M | ||
| Q1 25 | $95.1M | $-14.5M | ||
| Q4 24 | $143.8M | $76.0M | ||
| Q3 24 | $180.1M | $85.7M | ||
| Q2 24 | $113.9M | $78.8M |
自由现金流率FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | 18.7% | 7.9% | ||
| Q3 25 | 14.1% | 22.9% | ||
| Q2 25 | 14.6% | 8.0% | ||
| Q1 25 | 11.2% | -2.5% | ||
| Q4 24 | 16.2% | 11.7% | ||
| Q3 24 | 19.8% | 15.6% | ||
| Q2 24 | 13.8% | 12.9% |
资本支出强度FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 14.4% | ||
| Q3 25 | 0.5% | 11.8% | ||
| Q2 25 | 0.1% | 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% |
现金转化率FOURRHP
| Q1 26 | — | — | ||
| Q4 25 | 5.56× | 2.21× | ||
| Q3 25 | 6.11× | 5.88× | ||
| Q2 25 | 4.17× | 1.71× | ||
| Q1 25 | 5.78× | 1.56× | ||
| Q4 24 | 1.25× | 2.30× | ||
| Q3 24 | 3.38× | 3.70× | ||
| Q2 24 | 2.96× | 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
FOUR
| Payments Based Revenue | $788.8M | 66% |
| Other | $255.0M | 21% |
| Subscription And Other Revenues | $144.8M | 12% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
