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盖尔斯（GES）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
盖尔斯的季度营收约是Ryman Hospitality Properties, Inc.的1.1倍（$791.4M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 3.2%，领先6.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 7.2%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $-56.3M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -5.8%）
盖尔斯是美国知名服饰品牌企业，以标志性的黑白风格广告广为人知。除核心服饰产品外，品牌还通过品牌授权模式推出腕表、珠宝、香水、包袋、鞋履等各类时尚配饰，在全球时尚消费市场拥有较高知名度。
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。
GES vs RHP — 直观对比
营收规模更大
GES
是对方的1.1倍
$737.8M
营收增速更快
RHP
高出6.8%
7.2%
净利率更高
RHP
高出6.9%
3.2%
自由现金流更多
RHP
多$114.9M
$-56.3M
两年增速更快
RHP
近两年复合增速
-5.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $791.4M | $737.8M |
| 净利润 | $25.6M | $74.5M |
| 毛利率 | 42.5% | 41.4% |
| 营业利润率 | 2.9% | 19.4% |
| 净利率 | 3.2% | 10.1% |
| 营收同比 | 7.2% | 13.9% |
| 净利润同比 | 209.6% | 3.0% |
| 每股收益（稀释后） | $0.48 | $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GESRHP
| Q4 25 | $791.4M | $737.8M | ||
| Q3 25 | $772.9M | $592.5M | ||
| Q2 25 | $647.8M | $659.5M | ||
| Q1 25 | $932.3M | $587.3M | ||
| Q4 24 | $738.5M | $647.6M | ||
| Q3 24 | $732.6M | $550.0M | ||
| Q2 24 | $591.9M | $613.3M | ||
| Q1 24 | $891.0M | $528.3M |
净利润GESRHP
| Q4 25 | $25.6M | $74.5M | ||
| Q3 25 | $6.2M | $34.9M | ||
| Q2 25 | $-32.9M | $71.8M | ||
| Q1 25 | $81.4M | $63.0M | ||
| Q4 24 | $-23.4M | $72.3M | ||
| Q3 24 | $-10.6M | $59.0M | ||
| Q2 24 | $13.0M | $100.8M | ||
| Q1 24 | $115.3M | $42.8M |
毛利率GESRHP
| Q4 25 | 42.5% | 41.4% | ||
| Q3 25 | 42.5% | 40.9% | ||
| Q2 25 | 39.9% | 49.7% | ||
| Q1 25 | 44.1% | 44.4% | ||
| Q4 24 | 43.6% | 40.4% | ||
| Q3 24 | 43.7% | 43.1% | ||
| Q2 24 | 41.9% | 48.4% | ||
| Q1 24 | 45.4% | 41.5% |
营业利润率GESRHP
| Q4 25 | 2.9% | 19.4% | ||
| Q3 25 | 2.3% | 15.0% | ||
| Q2 25 | -5.1% | 21.1% | ||
| Q1 25 | 11.1% | 19.8% | ||
| Q4 24 | 5.7% | 18.6% | ||
| Q3 24 | 6.5% | 19.3% | ||
| Q2 24 | -3.4% | 27.4% | ||
| Q1 24 | 16.3% | 18.2% |
净利率GESRHP
| Q4 25 | 3.2% | 10.1% | ||
| Q3 25 | 0.8% | 5.9% | ||
| Q2 25 | -5.1% | 10.9% | ||
| Q1 25 | 8.7% | 10.7% | ||
| Q4 24 | -3.2% | 11.2% | ||
| Q3 24 | -1.4% | 10.7% | ||
| Q2 24 | 2.2% | 16.4% | ||
| Q1 24 | 12.9% | 8.1% |
每股收益（稀释后）GESRHP
| Q4 25 | $0.48 | $1.12 | ||
| Q3 25 | $0.12 | $0.53 | ||
| Q2 25 | $-0.65 | $1.12 | ||
| Q1 25 | $1.29 | $1.00 | ||
| Q4 24 | $-0.47 | $1.12 | ||
| Q3 24 | $-0.28 | $0.94 | ||
| Q2 24 | $0.23 | $1.65 | ||
| Q1 24 | $1.90 | $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 | $154.2M | $471.4M |
| 总债务越低越好 | $299.5M | — |
| 股东权益账面价值 | $508.5M | $750.2M |
| 总资产 | $3.0B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资GESRHP
| Q4 25 | $154.2M | $471.4M | ||
| Q3 25 | $189.6M | $483.3M | ||
| Q2 25 | $151.2M | $420.6M | ||
| Q1 25 | $187.7M | $413.9M | ||
| Q4 24 | $140.9M | $477.7M | ||
| Q3 24 | $218.9M | $534.9M | ||
| Q2 24 | $241.7M | $498.4M | ||
| Q1 24 | $360.3M | $465.3M |
总债务GESRHP
| Q4 25 | $299.5M | — | ||
| Q3 25 | $258.4M | — | ||
| Q2 25 | $241.7M | — | ||
| Q1 25 | $150.7M | — | ||
| Q4 24 | $238.3M | — | ||
| Q3 24 | $187.8M | — | ||
| Q2 24 | $196.9M | — | ||
| Q1 24 | $28.2M | — |
股东权益GESRHP
| Q4 25 | $508.5M | $750.2M | ||
| Q3 25 | $487.6M | $758.5M | ||
| Q2 25 | $483.6M | $800.4M | ||
| Q1 25 | $505.0M | $531.5M | ||
| Q4 24 | $450.7M | $549.0M | ||
| Q3 24 | $491.2M | $551.9M | ||
| Q2 24 | $565.5M | $562.6M | ||
| Q1 24 | $684.9M | $529.9M |
总资产GESRHP
| Q4 25 | $3.0B | $6.2B | ||
| Q3 25 | $3.0B | $6.2B | ||
| Q2 25 | $2.9B | $6.1B | ||
| Q1 25 | $2.8B | $5.2B | ||
| Q4 24 | $2.8B | $5.2B | ||
| Q3 24 | $2.8B | $5.2B | ||
| Q2 24 | $2.7B | $5.1B | ||
| Q1 24 | $2.6B | $5.1B |
负债/权益比GESRHP
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.04× | — |
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 | $-39.5M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $-56.3M | $58.5M |
| 自由现金流率自由现金流/营收 | -7.1% | 7.9% |
| 资本支出强度资本支出/营收 | 2.1% | 14.4% |
| 现金转化率经营现金流/净利润 | -1.54× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $62.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流GESRHP
| Q4 25 | $-39.5M | $164.7M | ||
| Q3 25 | $74.9M | $205.2M | ||
| Q2 25 | $-73.4M | $122.5M | ||
| Q1 25 | $183.2M | $98.2M | ||
| Q4 24 | $-83.3M | $166.6M | ||
| Q3 24 | $44.7M | $218.1M | ||
| Q2 24 | $-22.9M | $184.3M | ||
| Q1 24 | $289.5M | $7.5M |
自由现金流GESRHP
| Q4 25 | $-56.3M | $58.5M | ||
| Q3 25 | $53.4M | $135.4M | ||
| Q2 25 | $-95.3M | $53.0M | ||
| Q1 25 | $160.7M | $-14.5M | ||
| Q4 24 | $-105.4M | $76.0M | ||
| Q3 24 | $24.3M | $85.7M | ||
| Q2 24 | $-44.0M | $78.8M | ||
| Q1 24 | $267.8M | $-72.0M |
自由现金流率GESRHP
| Q4 25 | -7.1% | 7.9% | ||
| Q3 25 | 6.9% | 22.9% | ||
| Q2 25 | -14.7% | 8.0% | ||
| Q1 25 | 17.2% | -2.5% | ||
| Q4 24 | -14.3% | 11.7% | ||
| Q3 24 | 3.3% | 15.6% | ||
| Q2 24 | -7.4% | 12.9% | ||
| Q1 24 | 30.1% | -13.6% |
资本支出强度GESRHP
| Q4 25 | 2.1% | 14.4% | ||
| Q3 25 | 2.8% | 11.8% | ||
| Q2 25 | 3.4% | 10.5% | ||
| Q1 25 | 2.4% | 19.2% | ||
| Q4 24 | 3.0% | 14.0% | ||
| Q3 24 | 2.8% | 24.1% | ||
| Q2 24 | 3.6% | 17.2% | ||
| Q1 24 | 2.4% | 15.0% |
现金转化率GESRHP
| Q4 25 | -1.54× | 2.21× | ||
| Q3 25 | 12.00× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | 2.25× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | -1.76× | 1.83× | ||
| Q1 24 | 2.51× | 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
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
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% |
