vs
格林豪泰（GHG）与温德姆酒店及度假村集团（WH）财务数据对比。点击上方公司名可切换其他公司
温德姆酒店及度假村集团的季度营收约是格林豪泰的1.2倍（$334.0M vs $286.9M）。温德姆酒店及度假村集团自由现金流更多（$136.0M vs $16.2M）
格林豪泰酒店管理集团是专注于特许经营模式的酒店运营商，总部位于中国上海，旗下多数酒店采用特许经营加管理的运营模式。据中国饭店协会统计，2017年按客房数量计算，格林豪泰是中国第四大中经济型酒店集团。
温德姆酒店及度假村集团是总部位于美国新泽西州帕西帕尼的酒店企业，自称是全球规模最大的酒店特许经营商，在全球范围内共设有9100家门店，旗下拥有多个酒店及度假住宿品牌，服务全球各地的出行旅客。
GHG vs WH — 直观对比
营收规模更大
WH
是对方的1.2倍
$286.9M
自由现金流更多
WH
多$119.8M
$16.2M
损益表 — Q3 2024 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $286.9M | $334.0M |
| 净利润 | — | $-60.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -11.4% |
| 净利率 | — | -18.0% |
| 营收同比 | — | -0.6% |
| 净利润同比 | — | -170.6% |
| 每股收益（稀释后） | — | $-0.77 |
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GHGWH
| Q4 25 | — | $334.0M | ||
| Q3 25 | — | $382.0M | ||
| Q2 25 | — | $397.0M | ||
| Q1 25 | — | $316.0M | ||
| Q4 24 | — | $336.0M | ||
| Q3 24 | $286.9M | $396.0M | ||
| Q2 24 | — | $367.0M | ||
| Q1 24 | — | $305.0M |
净利润GHGWH
| Q4 25 | — | $-60.0M | ||
| Q3 25 | — | $105.0M | ||
| Q2 25 | — | $87.0M | ||
| Q1 25 | — | $61.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | — | $86.0M | ||
| Q1 24 | — | $16.0M |
营业利润率GHGWH
| Q4 25 | — | -11.4% | ||
| Q3 25 | — | 46.6% | ||
| Q2 25 | — | 37.8% | ||
| Q1 25 | — | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 43.2% | ||
| Q2 24 | — | 39.5% | ||
| Q1 24 | — | 16.4% |
净利率GHGWH
| Q4 25 | — | -18.0% | ||
| Q3 25 | — | 27.5% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 23.4% | ||
| Q1 24 | — | 5.2% |
每股收益（稀释后）GHGWH
| Q4 25 | — | $-0.77 | ||
| Q3 25 | — | $1.36 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | — | $1.06 | ||
| Q3 24 | — | $1.29 | ||
| Q2 24 | — | $1.07 | ||
| Q1 24 | — | $0.19 |
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 | — | $64.0M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | — | $468.0M |
| 总资产 | — | $4.2B |
| 负债/权益比越低杠杆越低 | — | 5.37× |
8季度趋势，按日历期对齐
现金及短期投资GHGWH
| Q4 25 | — | $64.0M | ||
| Q3 25 | — | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $70.0M | ||
| Q1 24 | — | $50.0M |
总债务GHGWH
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.2B |
股东权益GHGWH
| Q4 25 | — | $468.0M | ||
| Q3 25 | — | $583.0M | ||
| Q2 25 | — | $570.0M | ||
| Q1 25 | — | $579.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | — | $583.0M | ||
| Q2 24 | — | $623.0M | ||
| Q1 24 | — | $674.0M |
总资产GHGWH
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $4.1B |
负债/权益比GHGWH
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× | ||
| Q1 24 | — | 3.27× |
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 | $20.3M | $152.0M |
| 自由现金流经营现金流 - 资本支出 | $16.2M | $136.0M |
| 自由现金流率自由现金流/营收 | 5.6% | 40.7% |
| 资本支出强度资本支出/营收 | 1.4% | 4.8% |
| 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 | — | $321.0M |
8季度趋势，按日历期对齐
经营现金流GHGWH
| Q4 25 | — | $152.0M | ||
| Q3 25 | — | $86.0M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | $20.3M | $79.0M | ||
| Q2 24 | — | $1.0M | ||
| Q1 24 | — | $76.0M |
自由现金流GHGWH
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | $16.2M | $71.0M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $67.0M |
自由现金流率GHGWH
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | 5.6% | 17.9% | ||
| Q2 24 | — | -1.6% | ||
| Q1 24 | — | 22.0% |
资本支出强度GHGWH
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | 1.4% | 2.0% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 3.0% |
现金转化率GHGWH
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 4.75× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
