vs
GOLDEN HEAVEN GROUP HOLDINGS LTD.（GDHG）与范尔度假村（MTN）财务数据对比。点击上方公司名可切换其他公司
范尔度假村的季度营收约是GOLDEN HEAVEN GROUP HOLDINGS LTD.的17.7倍（$271.0M vs $15.3M）。GOLDEN HEAVEN GROUP HOLDINGS LTD.净利率更高（-56.2% vs -68.9%，领先12.7%）
金天集团控股有限公司主要在中国内地运营大型游乐园、文旅综合体及家庭休闲娱乐场所，核心服务涵盖惊险游乐设施、主题娱乐区、文化体验活动及配套餐饮零售，满足全年龄段消费者的休闲娱乐需求。
范尔度假村是美国知名山地度假集团，总部位于科罗拉多州布鲁姆菲尔德。集团旗下在全球4个国家运营42家山地度假村，同时持有并运营酒店、民宿、公寓及高尔夫球场等各类度假不动产，为全球游客提供高品质的山地休闲与旅居服务。
GDHG vs MTN — 直观对比
营收规模更大
MTN
是对方的17.7倍
$15.3M
净利率更高
GDHG
高出12.7%
-68.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $15.3M | $271.0M |
| 净利润 | $-8.6M | $-186.8M |
| 毛利率 | 50.2% | — |
| 营业利润率 | -44.5% | -77.4% |
| 净利率 | -56.2% | -68.9% |
| 营收同比 | — | 4.1% |
| 净利润同比 | — | -8.1% |
| 每股收益（稀释后） | $-10.83 | $-5.20 |
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GDHGMTN
| Q4 25 | — | $271.0M | ||
| Q3 25 | $15.3M | $271.3M | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | $13.8M | $1.1B | ||
| Q4 24 | — | $260.3M | ||
| Q3 24 | — | $265.4M | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | $13.8M | $1.1B |
净利润GDHGMTN
| Q4 25 | — | $-186.8M | ||
| Q3 25 | $-8.6M | $-185.5M | ||
| Q2 25 | — | $392.8M | ||
| Q1 25 | — | $245.5M | ||
| Q4 24 | — | $-172.8M | ||
| Q3 24 | — | $-175.4M | ||
| Q2 24 | — | $362.0M | ||
| Q1 24 | $2.5M | $219.3M |
毛利率GDHGMTN
| Q4 25 | — | — | ||
| Q3 25 | 50.2% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 52.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 52.0% | — |
营业利润率GDHGMTN
| Q4 25 | — | -77.4% | ||
| Q3 25 | -44.5% | -75.1% | ||
| Q2 25 | — | 44.9% | ||
| Q1 25 | — | 33.8% | ||
| Q4 24 | — | -77.6% | ||
| Q3 24 | — | -74.9% | ||
| Q2 24 | — | 42.6% | ||
| Q1 24 | 25.5% | 32.5% |
净利率GDHGMTN
| Q4 25 | — | -68.9% | ||
| Q3 25 | -56.2% | -68.4% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | -66.4% | ||
| Q3 24 | — | -66.1% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | 18.4% | 20.3% |
每股收益（稀释后）GDHGMTN
| Q4 25 | — | $-5.20 | ||
| Q3 25 | $-10.83 | $-4.96 | ||
| Q2 25 | — | $10.54 | ||
| Q1 25 | — | $6.56 | ||
| Q4 24 | — | $-4.61 | ||
| Q3 24 | — | $-4.63 | ||
| Q2 24 | — | $9.54 | ||
| Q1 24 | — | $5.76 |
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 | $86.0M | $581.5M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $180.7M | $156.5M |
| 总资产 | $191.4M | $5.8B |
| 负债/权益比越低杠杆越低 | — | 16.51× |
8季度趋势，按日历期对齐
现金及短期投资GDHGMTN
| Q4 25 | — | $581.5M | ||
| Q3 25 | $86.0M | $440.3M | ||
| Q2 25 | — | $467.0M | ||
| Q1 25 | $19.8M | $488.2M | ||
| Q4 24 | — | $403.8M | ||
| Q3 24 | — | $322.8M | ||
| Q2 24 | — | $705.4M | ||
| Q1 24 | $129.4K | $812.2M |
总债务GDHGMTN
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
股东权益GDHGMTN
| Q4 25 | — | $156.5M | ||
| Q3 25 | $180.7M | $424.5M | ||
| Q2 25 | — | $895.4M | ||
| Q1 25 | $83.7M | $530.7M | ||
| Q4 24 | — | $444.1M | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | $64.3M | $829.9M |
总资产GDHGMTN
| Q4 25 | — | $5.8B | ||
| Q3 25 | $191.4M | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | $98.6M | $5.5B | ||
| Q4 24 | — | $5.6B | ||
| Q3 24 | — | $5.7B | ||
| Q2 24 | — | $5.8B | ||
| Q1 24 | $82.9M | $5.8B |
负债/权益比GDHGMTN
| Q4 25 | — | 16.51× | ||
| Q3 25 | — | 6.11× | ||
| Q2 25 | — | 2.35× | ||
| Q1 25 | — | 3.99× | ||
| Q4 24 | — | 6.10× | ||
| Q3 24 | — | 3.76× | ||
| Q2 24 | — | 2.69× | ||
| Q1 24 | — | 3.28× |
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 | $19.0M | $315.9M |
| 自由现金流经营现金流 - 资本支出 | — | $244.3M |
| 自由现金流率自由现金流/营收 | — | 90.1% |
| 资本支出强度资本支出/营收 | — | 26.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $352.5M |
8季度趋势，按日历期对齐
经营现金流GDHGMTN
| Q4 25 | — | $315.9M | ||
| Q3 25 | $19.0M | $-171.6M | ||
| Q2 25 | — | $117.7M | ||
| Q1 25 | — | $326.3M | ||
| Q4 24 | — | $282.4M | ||
| Q3 24 | — | $-94.2M | ||
| Q2 24 | — | $109.9M | ||
| Q1 24 | $-911.6K | $242.7M |
自由现金流GDHGMTN
| Q4 25 | — | $244.3M | ||
| Q3 25 | — | $-227.5M | ||
| Q2 25 | — | $84.5M | ||
| Q1 25 | — | $251.2M | ||
| Q4 24 | — | $211.4M | ||
| Q3 24 | — | $-150.3M | ||
| Q2 24 | — | $85.0M | ||
| Q1 24 | $-924.9K | $165.8M |
自由现金流率GDHGMTN
| Q4 25 | — | 90.1% | ||
| Q3 25 | — | -83.9% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | -56.6% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | -6.7% | 15.4% |
资本支出强度GDHGMTN
| Q4 25 | — | 26.4% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 6.6% | ||
| Q4 24 | — | 27.3% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | 0.1% | 7.1% |
现金转化率GDHGMTN
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 1.33× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | -0.36× | 1.11× |
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
GDHG
暂无分部数据
MTN
| Dining | $84.6M | 31% |
| Lodgingrevenueexcludingpayrollcostreimbursements | $67.2M | 25% |
| Other Mountain Revenue | $55.1M | 20% |
| Managedcondominiumrooms | $26.1M | 10% |
| Owned Hotel Revenue | $12.7M | 5% |
| Other Lodging Revenue | $10.2M | 4% |
| Other | $5.9M | 2% |
| Transportation | $4.8M | 2% |
| Payrollcostreimbursements | $4.4M | 2% |
