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FTAI Aviation Ltd.（FTAI）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
FTAI Aviation Ltd.的季度营收约是Ryman Hospitality Properties, Inc.的1.1倍（$830.7M vs $737.8M），FTAI Aviation Ltd.净利率更高（16.2% vs 10.1%，领先6.1%），FTAI Aviation Ltd.同比增速更快（65.5% vs 13.9%），过去两年FTAI Aviation Ltd.的营收复合增速更高（36.8% vs 18.2%）
FTAI航空有限公司是一家全球性航空基础设施及解决方案提供商，主营商用飞机、航空发动机及相关航空资产的持有、租赁与维护业务，为全球商用航空公司、货运运营商提供定制化资产管理及售后支持服务，助力客户提升运营效率。
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。
FTAI vs RHP — 直观对比
营收规模更大
FTAI
是对方的1.1倍
$737.8M
营收增速更快
FTAI
高出51.5%
13.9%
净利率更高
FTAI
高出6.1%
10.1%
两年增速更快
FTAI
近两年复合增速
18.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $830.7M | $737.8M |
| 净利润 | $134.2M | $74.5M |
| 毛利率 | 36.9% | 41.4% |
| 营业利润率 | — | 19.4% |
| 净利率 | 16.2% | 10.1% |
| 营收同比 | 65.5% | 13.9% |
| 净利润同比 | 34.7% | 3.0% |
| 每股收益（稀释后） | $1.29 | $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FTAIRHP
| Q1 26 | $830.7M | — | ||
| Q4 25 | $662.0M | $737.8M | ||
| Q3 25 | $667.1M | $592.5M | ||
| Q2 25 | $676.2M | $659.5M | ||
| Q1 25 | $502.1M | $587.3M | ||
| Q4 24 | $498.8M | $647.6M | ||
| Q3 24 | $465.8M | $550.0M | ||
| Q2 24 | $443.6M | $613.3M |
净利润FTAIRHP
| Q1 26 | $134.2M | — | ||
| Q4 25 | $115.6M | $74.5M | ||
| Q3 25 | $117.7M | $34.9M | ||
| Q2 25 | $165.4M | $71.8M | ||
| Q1 25 | $102.4M | $63.0M | ||
| Q4 24 | $102.4M | $72.3M | ||
| Q3 24 | $86.5M | $59.0M | ||
| Q2 24 | $-219.9M | $100.8M |
毛利率FTAIRHP
| Q1 26 | 36.9% | — | ||
| Q4 25 | 44.3% | 41.4% | ||
| Q3 25 | 45.6% | 40.9% | ||
| Q2 25 | 45.4% | 49.7% | ||
| Q1 25 | 50.5% | 44.4% | ||
| Q4 24 | 48.3% | 40.4% | ||
| Q3 24 | 52.9% | 43.1% | ||
| Q2 24 | 53.6% | 48.4% |
营业利润率FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | 20.3% | 19.4% | ||
| Q3 25 | 21.6% | 15.0% | ||
| Q2 25 | 30.1% | 21.1% | ||
| Q1 25 | 24.9% | 19.8% | ||
| Q4 24 | 21.7% | 18.6% | ||
| Q3 24 | 20.1% | 19.3% | ||
| Q2 24 | -52.5% | 27.4% |
净利率FTAIRHP
| Q1 26 | 16.2% | — | ||
| Q4 25 | 17.5% | 10.1% | ||
| Q3 25 | 17.6% | 5.9% | ||
| Q2 25 | 24.5% | 10.9% | ||
| Q1 25 | 20.4% | 10.7% | ||
| Q4 24 | 20.5% | 11.2% | ||
| Q3 24 | 18.6% | 10.7% | ||
| Q2 24 | -49.6% | 16.4% |
每股收益（稀释后）FTAIRHP
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.06 | $1.12 | ||
| Q3 25 | $1.10 | $0.53 | ||
| Q2 25 | $1.57 | $1.12 | ||
| Q1 25 | $0.87 | $1.00 | ||
| Q4 24 | $0.87 | $1.12 | ||
| Q3 24 | $0.76 | $0.94 | ||
| Q2 24 | $-2.26 | $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 | $412.2M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $431.7M | $750.2M |
| 总资产 | $4.5B | $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FTAIRHP
| Q1 26 | $412.2M | — | ||
| Q4 25 | $300.5M | $471.4M | ||
| Q3 25 | $509.9M | $483.3M | ||
| Q2 25 | $301.9M | $420.6M | ||
| Q1 25 | $112.1M | $413.9M | ||
| Q4 24 | $115.1M | $477.7M | ||
| Q3 24 | $111.9M | $534.9M | ||
| Q2 24 | $169.5M | $498.4M |
总债务FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.2B | — | ||
| Q2 24 | $3.1B | — |
股东权益FTAIRHP
| Q1 26 | $431.7M | — | ||
| Q4 25 | $334.2M | $750.2M | ||
| Q3 25 | $252.5M | $758.5M | ||
| Q2 25 | $164.9M | $800.4M | ||
| Q1 25 | $28.3M | $531.5M | ||
| Q4 24 | $81.4M | $549.0M | ||
| Q3 24 | $118.5M | $551.9M | ||
| Q2 24 | $69.6M | $562.6M |
总资产FTAIRHP
| Q1 26 | $4.5B | — | ||
| Q4 25 | $4.4B | $6.2B | ||
| Q3 25 | $4.2B | $6.2B | ||
| Q2 25 | $4.1B | $6.1B | ||
| Q1 25 | $4.3B | $5.2B | ||
| Q4 24 | $4.0B | $5.2B | ||
| Q3 24 | $3.7B | $5.2B | ||
| Q2 24 | $3.4B | $5.1B |
负债/权益比FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | 10.32× | — | ||
| Q3 25 | 13.65× | — | ||
| Q2 25 | 20.88× | — | ||
| Q1 25 | 128.56× | — | ||
| Q4 24 | 42.28× | — | ||
| Q3 24 | 27.15× | — | ||
| Q2 24 | 44.24× | — |
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 | — | $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
经营现金流FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | $-179.1M | $164.7M | ||
| Q3 25 | $4.6M | $205.2M | ||
| Q2 25 | $-110.3M | $122.5M | ||
| Q1 25 | $-26.0M | $98.2M | ||
| Q4 24 | $-41.8M | $166.6M | ||
| Q3 24 | $41.5M | $218.1M | ||
| Q2 24 | $-187.3M | $184.3M |
自由现金流FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | $-189.3M | $58.5M | ||
| Q3 25 | $-1.8M | $135.4M | ||
| Q2 25 | $-117.2M | $53.0M | ||
| Q1 25 | $-30.1M | $-14.5M | ||
| Q4 24 | $-48.1M | $76.0M | ||
| Q3 24 | $41.0M | $85.7M | ||
| Q2 24 | $-188.4M | $78.8M |
自由现金流率FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | -28.6% | 7.9% | ||
| Q3 25 | -0.3% | 22.9% | ||
| Q2 25 | -17.3% | 8.0% | ||
| Q1 25 | -6.0% | -2.5% | ||
| Q4 24 | -9.6% | 11.7% | ||
| Q3 24 | 8.8% | 15.6% | ||
| Q2 24 | -42.5% | 12.9% |
资本支出强度FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 14.4% | ||
| Q3 25 | 1.0% | 11.8% | ||
| Q2 25 | 1.0% | 10.5% | ||
| Q1 25 | 0.8% | 19.2% | ||
| Q4 24 | 1.3% | 14.0% | ||
| Q3 24 | 0.1% | 24.1% | ||
| Q2 24 | 0.3% | 17.2% |
现金转化率FTAIRHP
| Q1 26 | — | — | ||
| Q4 25 | -1.55× | 2.21× | ||
| Q3 25 | 0.04× | 5.88× | ||
| Q2 25 | -0.67× | 1.71× | ||
| Q1 25 | -0.25× | 1.56× | ||
| Q4 24 | -0.41× | 2.30× | ||
| Q3 24 | 0.48× | 3.70× | ||
| Q2 24 | — | 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
FTAI
| Aerospace products revenue | $522.6M | 63% |
| MRE Contract revenue | $221.2M | 27% |
| Lease income | $39.9M | 5% |
| Maintenance revenue | $30.6M | 4% |
| Asset sales revenue | $10.2M | 1% |
| Other revenue (1) | $6.2M | 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% |
