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FULLER H B CO（FUL）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
FULLER H B CO的季度营收约是Ryman Hospitality Properties, Inc.的1.2倍（$892.0M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 7.5%，领先2.6%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -2.8%），FULLER H B CO自由现金流更多（$68.9M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 5.0%）
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
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。
FUL vs RHP — 直观对比
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $737.8M |
| 净利润 | $67.2M | $74.5M |
| 毛利率 | 32.0% | 41.4% |
| 营业利润率 | 12.3% | 19.4% |
| 净利率 | 7.5% | 10.1% |
| 营收同比 | -2.8% | 13.9% |
| 净利润同比 | 21.3% | 3.0% |
| 每股收益（稀释后） | $1.22 | $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 | — | $737.8M | ||
| Q3 25 | $892.0M | $592.5M | ||
| Q2 25 | $898.1M | $659.5M | ||
| Q1 25 | — | $587.3M | ||
| Q4 24 | — | $647.6M | ||
| Q3 24 | $917.9M | $550.0M | ||
| Q2 24 | — | $613.3M | ||
| Q1 24 | $810.4M | $528.3M |
| Q4 25 | — | $74.5M | ||
| Q3 25 | $67.2M | $34.9M | ||
| Q2 25 | $41.8M | $71.8M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $72.3M | ||
| Q3 24 | $55.4M | $59.0M | ||
| Q2 24 | — | $100.8M | ||
| Q1 24 | $31.0M | $42.8M |
| Q4 25 | — | 41.4% | ||
| Q3 25 | 32.0% | 40.9% | ||
| Q2 25 | 31.9% | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | 30.0% | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | 29.5% | 41.5% |
| Q4 25 | — | 19.4% | ||
| Q3 25 | 12.3% | 15.0% | ||
| Q2 25 | 11.1% | 21.1% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | — | 18.6% | ||
| Q3 24 | 11.4% | 19.3% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | 8.3% | 18.2% |
| Q4 25 | — | 10.1% | ||
| Q3 25 | 7.5% | 5.9% | ||
| Q2 25 | 4.7% | 10.9% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | 6.0% | 10.7% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | 3.8% | 8.1% |
| Q4 25 | — | $1.12 | ||
| Q3 25 | $1.22 | $0.53 | ||
| Q2 25 | $0.76 | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | $0.98 | $0.94 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | $0.55 | $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 | $122.5M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $750.2M |
| 总资产 | $5.2B | $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 | — | $471.4M | ||
| Q3 25 | $122.5M | $483.3M | ||
| Q2 25 | $96.8M | $420.6M | ||
| Q1 25 | — | $413.9M | ||
| Q4 24 | — | $477.7M | ||
| Q3 24 | $131.4M | $534.9M | ||
| Q2 24 | — | $498.4M | ||
| Q1 24 | $165.2M | $465.3M |
| Q4 25 | — | $750.2M | ||
| Q3 25 | $2.0B | $758.5M | ||
| Q2 25 | $1.9B | $800.4M | ||
| Q1 25 | — | $531.5M | ||
| Q4 24 | — | $549.0M | ||
| Q3 24 | $1.8B | $551.9M | ||
| Q2 24 | — | $562.6M | ||
| Q1 24 | $1.8B | $529.9M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $5.2B | $6.2B | ||
| Q2 25 | $5.1B | $6.1B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $5.0B | $5.2B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | $4.7B | $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 | $99.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 7.7% | 7.9% |
| 资本支出强度资本支出/营收 | 3.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.47× | 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 | — | $164.7M | ||
| Q3 25 | $99.0M | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $98.2M | ||
| Q4 24 | — | $166.6M | ||
| Q3 24 | $169.4M | $218.1M | ||
| Q2 24 | — | $184.3M | ||
| Q1 24 | $47.4M | $7.5M |
| Q4 25 | — | $58.5M | ||
| Q3 25 | $68.9M | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | $99.9M | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | $4.1M | $-72.0M |
| Q4 25 | — | 7.9% | ||
| Q3 25 | 7.7% | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | 10.9% | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | 0.5% | -13.6% |
| Q4 25 | — | 14.4% | ||
| Q3 25 | 3.4% | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | 7.6% | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | 5.3% | 15.0% |
| Q4 25 | — | 2.21× | ||
| Q3 25 | 1.47× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 3.06× | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | 1.53× | 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
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
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% |
