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Global Business Travel Group, Inc.（GBTG）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
Global Business Travel Group, Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.1倍（$792.0M vs $737.8M），Global Business Travel Group, Inc.净利率更高（10.5% vs 10.1%，领先0.4%），Global Business Travel Group, Inc.同比增速更快（34.0% vs 13.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $13.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 13.9%）
环球商旅集团（GBTG）是专业的差旅管理服务商，致力于为各类企业及机构提供全链路商务出行解决方案。核心服务涵盖智能线上预订工具、移动端应用、差旅项目管控与咨询、高管专属出行服务、会议活动支持、差旅数据分析以及出行安全保障等，可满足不同规模客户的多元化商务出行管理需求。
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。
GBTG vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $737.8M |
| 净利润 | $83.0M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 3.7% | 19.4% |
| 净利率 | 10.5% | 10.1% |
| 营收同比 | 34.0% | 13.9% |
| 净利润同比 | 692.9% | 3.0% |
| 每股收益（稀释后） | $0.16 | $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 | $792.0M | $737.8M | ||
| Q3 25 | $674.0M | $592.5M | ||
| Q2 25 | $631.0M | $659.5M | ||
| Q1 25 | $621.0M | $587.3M | ||
| Q4 24 | $591.0M | $647.6M | ||
| Q3 24 | $597.0M | $550.0M | ||
| Q2 24 | $625.0M | $613.3M | ||
| Q1 24 | $610.0M | $528.3M |
| Q4 25 | $83.0M | $74.5M | ||
| Q3 25 | $-62.0M | $34.9M | ||
| Q2 25 | $15.0M | $71.8M | ||
| Q1 25 | $75.0M | $63.0M | ||
| Q4 24 | $-14.0M | $72.3M | ||
| Q3 24 | $-128.0M | $59.0M | ||
| Q2 24 | $27.0M | $100.8M | ||
| Q1 24 | $-19.0M | $42.8M |
| 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% | ||
| Q1 24 | — | 41.5% |
| Q4 25 | 3.7% | 19.4% | ||
| Q3 25 | 1.8% | 15.0% | ||
| Q2 25 | 5.4% | 21.1% | ||
| Q1 25 | 8.9% | 19.8% | ||
| Q4 24 | 5.1% | 18.6% | ||
| Q3 24 | 4.5% | 19.3% | ||
| Q2 24 | 6.7% | 27.4% | ||
| Q1 24 | 2.6% | 18.2% |
| Q4 25 | 10.5% | 10.1% | ||
| Q3 25 | -9.2% | 5.9% | ||
| Q2 25 | 2.4% | 10.9% | ||
| Q1 25 | 12.1% | 10.7% | ||
| Q4 24 | -2.4% | 11.2% | ||
| Q3 24 | -21.4% | 10.7% | ||
| Q2 24 | 4.3% | 16.4% | ||
| Q1 24 | -3.1% | 8.1% |
| Q4 25 | $0.16 | $1.12 | ||
| Q3 25 | $-0.13 | $0.53 | ||
| Q2 25 | $0.03 | $1.12 | ||
| Q1 25 | $0.16 | $1.00 | ||
| Q4 24 | $-0.04 | $1.12 | ||
| Q3 24 | $-0.28 | $0.94 | ||
| Q2 24 | $0.06 | $1.65 | ||
| Q1 24 | $-0.04 | $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 | $434.0M | $471.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $1.6B | $750.2M |
| 总资产 | $4.9B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.88× | — |
8季度趋势，按日历期对齐
| Q4 25 | $434.0M | $471.4M | ||
| Q3 25 | $427.0M | $483.3M | ||
| Q2 25 | $601.0M | $420.6M | ||
| Q1 25 | $552.0M | $413.9M | ||
| Q4 24 | $536.0M | $477.7M | ||
| Q3 24 | $524.0M | $534.9M | ||
| Q2 24 | $515.0M | $498.4M | ||
| Q1 24 | $475.0M | $465.3M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.6B | $750.2M | ||
| Q3 25 | $1.5B | $758.5M | ||
| Q2 25 | $1.2B | $800.4M | ||
| Q1 25 | $1.1B | $531.5M | ||
| Q4 24 | $1.1B | $549.0M | ||
| Q3 24 | $1.1B | $551.9M | ||
| Q2 24 | $1.2B | $562.6M | ||
| Q1 24 | $1.2B | $529.9M |
| Q4 25 | $4.9B | $6.2B | ||
| Q3 25 | $4.8B | $6.2B | ||
| Q2 25 | $3.9B | $6.1B | ||
| Q1 25 | $3.8B | $5.2B | ||
| Q4 24 | $3.6B | $5.2B | ||
| Q3 24 | $3.8B | $5.2B | ||
| Q2 24 | $3.8B | $5.1B | ||
| Q1 24 | $3.8B | $5.1B |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | 1.15× | — | ||
| Q1 25 | 1.23× | — | ||
| Q4 24 | 1.32× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $52.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 1.6% | 7.9% |
| 资本支出强度资本支出/营收 | 4.9% | 14.4% |
| 现金转化率经营现金流/净利润 | 0.63× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $104.0M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $52.0M | $164.7M | ||
| Q3 25 | $71.0M | $205.2M | ||
| Q2 25 | $57.0M | $122.5M | ||
| Q1 25 | $53.0M | $98.2M | ||
| Q4 24 | $65.0M | $166.6M | ||
| Q3 24 | $85.0M | $218.1M | ||
| Q2 24 | $73.0M | $184.3M | ||
| Q1 24 | $49.0M | $7.5M |
| Q4 25 | $13.0M | $58.5M | ||
| Q3 25 | $38.0M | $135.4M | ||
| Q2 25 | $27.0M | $53.0M | ||
| Q1 25 | $26.0M | $-14.5M | ||
| Q4 24 | $33.0M | $76.0M | ||
| Q3 24 | $59.0M | $85.7M | ||
| Q2 24 | $49.0M | $78.8M | ||
| Q1 24 | $24.0M | $-72.0M |
| Q4 25 | 1.6% | 7.9% | ||
| Q3 25 | 5.6% | 22.9% | ||
| Q2 25 | 4.3% | 8.0% | ||
| Q1 25 | 4.2% | -2.5% | ||
| Q4 24 | 5.6% | 11.7% | ||
| Q3 24 | 9.9% | 15.6% | ||
| Q2 24 | 7.8% | 12.9% | ||
| Q1 24 | 3.9% | -13.6% |
| Q4 25 | 4.9% | 14.4% | ||
| Q3 25 | 4.9% | 11.8% | ||
| Q2 25 | 4.8% | 10.5% | ||
| Q1 25 | 4.3% | 19.2% | ||
| Q4 24 | 5.4% | 14.0% | ||
| Q3 24 | 4.4% | 24.1% | ||
| Q2 24 | 3.8% | 17.2% | ||
| Q1 24 | 4.1% | 15.0% |
| Q4 25 | 0.63× | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | 3.80× | 1.71× | ||
| Q1 25 | 0.71× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | 2.70× | 1.83× | ||
| Q1 24 | — | 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
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
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% |
