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第一太阳能（FSLR）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
第一太阳能的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.0B vs $664.6M），第一太阳能净利率更高（33.2% vs 10.4%，领先22.8%），第一太阳能同比增速更快（23.6% vs 13.2%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（4.1% vs 1.7%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
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。
FSLR vs RHP — 直观对比
营收规模更大
FSLR
是对方的1.6倍
$664.6M
营收增速更快
FSLR
高出10.5%
13.2%
净利率更高
FSLR
高出22.8%
10.4%
两年增速更快
RHP
近两年复合增速
1.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $664.6M |
| 净利润 | $346.6M | $69.4M |
| 毛利率 | 46.6% | — |
| 营业利润率 | 33.1% | 20.7% |
| 净利率 | 33.2% | 10.4% |
| 营收同比 | 23.6% | 13.2% |
| 净利润同比 | 65.4% | 10.1% |
| 每股收益（稀释后） | $3.22 | $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FSLRRHP
| Q1 26 | $1.0B | $664.6M | ||
| Q4 25 | $1.7B | $737.8M | ||
| Q3 25 | $1.6B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $844.6M | $587.3M | ||
| Q4 24 | $1.5B | $647.6M | ||
| Q3 24 | $887.7M | $550.0M | ||
| Q2 24 | $1.0B | $613.3M |
净利润FSLRRHP
| Q1 26 | $346.6M | $69.4M | ||
| Q4 25 | $520.9M | $74.5M | ||
| Q3 25 | $455.9M | $34.9M | ||
| Q2 25 | $341.9M | $71.8M | ||
| Q1 25 | $209.5M | $63.0M | ||
| Q4 24 | $393.1M | $72.3M | ||
| Q3 24 | $313.0M | $59.0M | ||
| Q2 24 | $349.4M | $100.8M |
毛利率FSLRRHP
| Q1 26 | 46.6% | — | ||
| Q4 25 | 39.5% | 41.4% | ||
| Q3 25 | 38.3% | 40.9% | ||
| Q2 25 | 45.6% | 49.7% | ||
| Q1 25 | 40.8% | 44.4% | ||
| Q4 24 | 37.5% | 40.4% | ||
| Q3 24 | 50.2% | 43.1% | ||
| Q2 24 | 49.4% | 48.4% |
营业利润率FSLRRHP
| Q1 26 | 33.1% | 20.7% | ||
| Q4 25 | 32.6% | 19.4% | ||
| Q3 25 | 29.2% | 15.0% | ||
| Q2 25 | 33.0% | 21.1% | ||
| Q1 25 | 26.2% | 19.8% | ||
| Q4 24 | 30.2% | 18.6% | ||
| Q3 24 | 36.3% | 19.3% | ||
| Q2 24 | 36.9% | 27.4% |
净利率FSLRRHP
| Q1 26 | 33.2% | 10.4% | ||
| Q4 25 | 31.0% | 10.1% | ||
| Q3 25 | 28.6% | 5.9% | ||
| Q2 25 | 31.2% | 10.9% | ||
| Q1 25 | 24.8% | 10.7% | ||
| Q4 24 | 26.0% | 11.2% | ||
| Q3 24 | 35.3% | 10.7% | ||
| Q2 24 | 34.6% | 16.4% |
每股收益（稀释后）FSLRRHP
| Q1 26 | $3.22 | $1.03 | ||
| Q4 25 | $4.84 | $1.12 | ||
| Q3 25 | $4.24 | $0.53 | ||
| Q2 25 | $3.18 | $1.12 | ||
| Q1 25 | $1.95 | $1.00 | ||
| Q4 24 | $3.66 | $1.12 | ||
| Q3 24 | $2.91 | $0.94 | ||
| Q2 24 | $3.25 | $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 | $2.4B | — |
| 总债务越低越好 | $425.8M | — |
| 股东权益账面价值 | $9.9B | $770.8M |
| 总资产 | $13.4B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资FSLRRHP
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.8B | $471.4M | ||
| Q3 25 | $2.0B | $483.3M | ||
| Q2 25 | $1.1B | $420.6M | ||
| Q1 25 | $837.6M | $413.9M | ||
| Q4 24 | $1.6B | $477.7M | ||
| Q3 24 | $1.0B | $534.9M | ||
| Q2 24 | $1.7B | $498.4M |
总债务FSLRRHP
| Q1 26 | $425.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益FSLRRHP
| Q1 26 | $9.9B | $770.8M | ||
| Q4 25 | $9.5B | $750.2M | ||
| Q3 25 | $9.0B | $758.5M | ||
| Q2 25 | $8.5B | $800.4M | ||
| Q1 25 | $8.2B | $531.5M | ||
| Q4 24 | $8.0B | $549.0M | ||
| Q3 24 | $7.6B | $551.9M | ||
| Q2 24 | $7.3B | $562.6M |
总资产FSLRRHP
| Q1 26 | $13.4B | $6.2B | ||
| Q4 25 | $13.3B | $6.2B | ||
| Q3 25 | $13.5B | $6.2B | ||
| Q2 25 | $12.9B | $6.1B | ||
| Q1 25 | $12.1B | $5.2B | ||
| Q4 24 | $12.1B | $5.2B | ||
| Q3 24 | $11.4B | $5.2B | ||
| Q2 24 | $11.0B | $5.1B |
负债/权益比FSLRRHP
| Q1 26 | 0.04× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $-214.9M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -0.62× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FSLRRHP
| Q1 26 | $-214.9M | — | ||
| Q4 25 | $1.2B | $164.7M | ||
| Q3 25 | $1.3B | $205.2M | ||
| Q2 25 | $149.6M | $122.5M | ||
| Q1 25 | $-608.0M | $98.2M | ||
| Q4 24 | $811.0M | $166.6M | ||
| Q3 24 | $-53.7M | $218.1M | ||
| Q2 24 | $193.0M | $184.3M |
自由现金流FSLRRHP
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $58.5M | ||
| Q3 25 | $1.1B | $135.4M | ||
| Q2 25 | $-138.6M | $53.0M | ||
| Q1 25 | $-813.9M | $-14.5M | ||
| Q4 24 | $497.5M | $76.0M | ||
| Q3 24 | $-487.7M | $85.7M | ||
| Q2 24 | $-172.1M | $78.8M |
自由现金流率FSLRRHP
| Q1 26 | — | — | ||
| Q4 25 | 63.6% | 7.9% | ||
| Q3 25 | 67.1% | 22.9% | ||
| Q2 25 | -12.6% | 8.0% | ||
| Q1 25 | -96.4% | -2.5% | ||
| Q4 24 | 32.9% | 11.7% | ||
| Q3 24 | -54.9% | 15.6% | ||
| Q2 24 | -17.0% | 12.9% |
资本支出强度FSLRRHP
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 14.4% | ||
| Q3 25 | 12.8% | 11.8% | ||
| Q2 25 | 26.3% | 10.5% | ||
| Q1 25 | 24.4% | 19.2% | ||
| Q4 24 | 20.7% | 14.0% | ||
| Q3 24 | 48.9% | 24.1% | ||
| Q2 24 | 36.1% | 17.2% |
现金转化率FSLRRHP
| Q1 26 | -0.62× | — | ||
| Q4 25 | 2.38× | 2.21× | ||
| Q3 25 | 2.79× | 5.88× | ||
| Q2 25 | 0.44× | 1.71× | ||
| Q1 25 | -2.90× | 1.56× | ||
| Q4 24 | 2.06× | 2.30× | ||
| Q3 24 | -0.17× | 3.70× | ||
| Q2 24 | 0.55× | 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
FSLR
暂无分部数据
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
