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GigaCloud Technology Inc（GCT）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
Ryman Hospitality Properties, Inc.的季度营收约是GigaCloud Technology Inc的2.0倍（$664.6M vs $332.6M），GigaCloud Technology Inc净利率更高（11.2% vs 10.4%，领先0.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs 9.7%），过去两年GigaCloud Technology Inc的营收复合增速更高（36.6% vs 4.1%）
GigaCloud Technology Inc是一家美国电商企业，主打家具、家电、健身器材等体积较大、规格不统一商品的B2B交易，旗下拥有线上B2B交易平台，业务覆盖撮合交易、全程物流直至终端配送环节。公司总部位于加利福尼亚州埃尔蒙特，自2022年8月起在纳斯达克挂牌上市。
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。
GCT vs RHP — 直观对比
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $332.6M | $664.6M |
| 净利润 | $37.2M | $69.4M |
| 毛利率 | 23.2% | — |
| 营业利润率 | 12.2% | 20.7% |
| 净利率 | 11.2% | 10.4% |
| 营收同比 | 9.7% | 13.2% |
| 净利润同比 | -8.6% | 10.1% |
| 每股收益（稀释后） | $0.99 | $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
| Q1 26 | — | $664.6M | ||
| Q4 25 | — | $737.8M | ||
| Q3 25 | $332.6M | $592.5M | ||
| Q2 25 | $322.6M | $659.5M | ||
| Q1 25 | $271.9M | $587.3M | ||
| Q4 24 | $295.8M | $647.6M | ||
| Q3 24 | $303.3M | $550.0M | ||
| Q2 24 | $310.9M | $613.3M |
| Q1 26 | — | $69.4M | ||
| Q4 25 | — | $74.5M | ||
| Q3 25 | $37.2M | $34.9M | ||
| Q2 25 | $34.6M | $71.8M | ||
| Q1 25 | $27.1M | $63.0M | ||
| Q4 24 | $31.0M | $72.3M | ||
| Q3 24 | $40.7M | $59.0M | ||
| Q2 24 | $27.0M | $100.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | 23.2% | 40.9% | ||
| Q2 25 | 23.9% | 49.7% | ||
| Q1 25 | 23.4% | 44.4% | ||
| Q4 24 | 22.0% | 40.4% | ||
| Q3 24 | 25.5% | 43.1% | ||
| Q2 24 | 24.6% | 48.4% |
| Q1 26 | — | 20.7% | ||
| Q4 25 | — | 19.4% | ||
| Q3 25 | 12.2% | 15.0% | ||
| Q2 25 | 11.1% | 21.1% | ||
| Q1 25 | 10.4% | 19.8% | ||
| Q4 24 | 9.3% | 18.6% | ||
| Q3 24 | 13.4% | 19.3% | ||
| Q2 24 | 8.8% | 27.4% |
| Q1 26 | — | 10.4% | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | 11.2% | 5.9% | ||
| Q2 25 | 10.7% | 10.9% | ||
| Q1 25 | 10.0% | 10.7% | ||
| Q4 24 | 10.5% | 11.2% | ||
| Q3 24 | 13.4% | 10.7% | ||
| Q2 24 | 8.7% | 16.4% |
| Q1 26 | — | $1.03 | ||
| Q4 25 | — | $1.12 | ||
| Q3 25 | $0.99 | $0.53 | ||
| Q2 25 | $0.91 | $1.12 | ||
| Q1 25 | $0.68 | $1.00 | ||
| Q4 24 | $0.76 | $1.12 | ||
| Q3 24 | $0.98 | $0.94 | ||
| Q2 24 | $0.65 | $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 | $365.9M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $457.3M | $770.8M |
| 总资产 | $1.1B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | $365.9M | $483.3M | ||
| Q2 25 | $303.0M | $420.6M | ||
| Q1 25 | $286.8M | $413.9M | ||
| Q4 24 | $302.4M | $477.7M | ||
| Q3 24 | $259.8M | $534.9M | ||
| Q2 24 | $207.8M | $498.4M |
| Q1 26 | — | $770.8M | ||
| Q4 25 | — | $750.2M | ||
| Q3 25 | $457.3M | $758.5M | ||
| Q2 25 | $431.4M | $800.4M | ||
| Q1 25 | $412.9M | $531.5M | ||
| Q4 24 | $405.2M | $549.0M | ||
| Q3 24 | $400.4M | $551.9M | ||
| Q2 24 | $358.4M | $562.6M |
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $1.1B | $6.2B | ||
| Q2 25 | $1.1B | $6.1B | ||
| Q1 25 | $1.1B | $5.2B | ||
| Q4 24 | $1.1B | $5.2B | ||
| Q3 24 | $1.1B | $5.2B | ||
| Q2 24 | $1.1B | $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 | $78.3M | — |
| 自由现金流经营现金流 - 资本支出 | $77.1M | — |
| 自由现金流率自由现金流/营收 | 23.2% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 2.10× | — |
| 过去12个月自由现金流最近4个季度 | $188.1M | — |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | — | $164.7M | ||
| Q3 25 | $78.3M | $205.2M | ||
| Q2 25 | $38.6M | $122.5M | ||
| Q1 25 | $9.4M | $98.2M | ||
| Q4 24 | $68.4M | $166.6M | ||
| Q3 24 | $55.2M | $218.1M | ||
| Q2 24 | $19.1M | $184.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $58.5M | ||
| Q3 25 | $77.1M | $135.4M | ||
| Q2 25 | $37.0M | $53.0M | ||
| Q1 25 | $7.0M | $-14.5M | ||
| Q4 24 | $66.9M | $76.0M | ||
| Q3 24 | $51.4M | $85.7M | ||
| Q2 24 | $12.9M | $78.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | 23.2% | 22.9% | ||
| Q2 25 | 11.5% | 8.0% | ||
| Q1 25 | 2.6% | -2.5% | ||
| Q4 24 | 22.6% | 11.7% | ||
| Q3 24 | 16.9% | 15.6% | ||
| Q2 24 | 4.2% | 12.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | 0.4% | 11.8% | ||
| Q2 25 | 0.5% | 10.5% | ||
| Q1 25 | 0.9% | 19.2% | ||
| Q4 24 | 0.5% | 14.0% | ||
| Q3 24 | 1.3% | 24.1% | ||
| Q2 24 | 2.0% | 17.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | 2.10× | 5.88× | ||
| Q2 25 | 1.12× | 1.71× | ||
| Q1 25 | 0.35× | 1.56× | ||
| Q4 24 | 2.21× | 2.30× | ||
| Q3 24 | 1.36× | 3.70× | ||
| Q2 24 | 0.71× | 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
GCT
| Services | $108.4M | 33% |
| Transferred Over Time | $89.8M | 27% |
| Product Sales To B | $50.1M | 15% |
| Last Mile Delivery Service | $49.2M | 15% |
| Warehousing Service | $14.2M | 4% |
| Ocean Transportation Service | $9.0M | 3% |
| Platform Commission | $4.9M | 1% |
| Drayage Service | $3.2M | 1% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
