vs
凯悦酒店集团（H）与罗宾汉（HOOD）财务数据对比。点击上方公司名可切换其他公司
凯悦酒店集团的季度营收约是罗宾汉的1.9倍（$1.8B vs $927.0M），罗宾汉净利率更高（36.2% vs -1.1%，领先37.4%），凯悦酒店集团同比增速更快（11.7% vs -27.7%），过去两年罗宾汉的营收复合增速更高（16.6% vs 2.2%）
凯悦酒店集团是来自美国的跨国酒店管理企业，总部位于芝加哥河畔广场区域，由普利兹克家族运营管理。集团主营高端及商务酒店、度假村、度假物业的管理与特许经营业务，目前在全球69个国家拥有逾1350家酒店及一价全包物业，覆盖六大洲。
罗宾汉市场（Robinhood Markets, Inc.）是总部位于美国加利福尼亚州门洛帕克的金融服务企业，旗下电子交易平台支持股票、ETF、期权、期货、加密货币等品类交易，还提供加密货币钱包、财富管理、信用卡等金融服务，部分银行服务与FDIC投保银行合作推出，同时运营新闻网站Sherwood.News。
H vs HOOD — 直观对比
营收规模更大
H
是对方的1.9倍
$927.0M
营收增速更快
H
高出39.4%
-27.7%
净利率更高
HOOD
高出37.4%
-1.1%
两年增速更快
HOOD
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $927.0M |
| 净利润 | $-20.0M | $336.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.4% | — |
| 净利率 | -1.1% | 36.2% |
| 营收同比 | 11.7% | -27.7% |
| 净利润同比 | 64.3% | -2.9% |
| 每股收益（稀释后） | $-0.20 | $336.00 |
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HHOOD
| Q1 26 | — | $927.0M | ||
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.8B | $989.0M | ||
| Q1 25 | $1.7B | $927.0M | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $637.0M | ||
| Q2 24 | $1.7B | $682.0M |
净利润HHOOD
| Q1 26 | — | $336.0M | ||
| Q4 25 | $-20.0M | $605.0M | ||
| Q3 25 | $-49.0M | $556.0M | ||
| Q2 25 | $-3.0M | $386.0M | ||
| Q1 25 | $20.0M | $336.0M | ||
| Q4 24 | $-56.0M | $916.0M | ||
| Q3 24 | $471.0M | $150.0M | ||
| Q2 24 | $359.0M | $188.0M |
营业利润率HHOOD
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 51.5% | ||
| Q3 25 | -1.0% | 49.8% | ||
| Q2 25 | 2.1% | 44.7% | ||
| Q1 25 | 3.0% | 40.0% | ||
| Q4 24 | -3.0% | 55.0% | ||
| Q3 24 | 37.3% | 24.0% | ||
| Q2 24 | 27.1% | 28.0% |
净利率HHOOD
| Q1 26 | — | 36.2% | ||
| Q4 25 | -1.1% | 47.2% | ||
| Q3 25 | -2.7% | 43.6% | ||
| Q2 25 | -0.2% | 39.0% | ||
| Q1 25 | 1.2% | 36.2% | ||
| Q4 24 | -3.5% | 90.3% | ||
| Q3 24 | 28.9% | 23.5% | ||
| Q2 24 | 21.1% | 27.6% |
每股收益（稀释后）HHOOD
| Q1 26 | — | $336.00 | ||
| Q4 25 | $-0.20 | $0.65 | ||
| Q3 25 | $-0.51 | $0.61 | ||
| Q2 25 | $-0.03 | $0.42 | ||
| Q1 25 | $0.19 | $0.37 | ||
| Q4 24 | $-0.37 | $1.00 | ||
| Q3 24 | $4.63 | $0.17 | ||
| Q2 24 | $3.46 | $0.21 |
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 | $813.0M | $4.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $9.2B |
| 总资产 | $14.0B | $38.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HHOOD
| Q1 26 | — | $4.3B | ||
| Q4 25 | $813.0M | $4.3B | ||
| Q3 25 | $749.0M | $4.3B | ||
| Q2 25 | $912.0M | $4.2B | ||
| Q1 25 | $1.8B | $4.4B | ||
| Q4 24 | $1.4B | $4.3B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $2.0B | $4.5B |
总债务HHOOD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $6.0B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.9B | — |
股东权益HHOOD
| Q1 26 | — | $9.2B | ||
| Q4 25 | $3.3B | $9.2B | ||
| Q3 25 | $3.5B | $8.6B | ||
| Q2 25 | $3.6B | $8.1B | ||
| Q1 25 | $3.5B | $8.0B | ||
| Q4 24 | $3.5B | $8.0B | ||
| Q3 24 | $3.7B | $7.2B | ||
| Q2 24 | $3.9B | $7.1B |
总资产HHOOD
| Q1 26 | — | $38.1B | ||
| Q4 25 | $14.0B | $38.1B | ||
| Q3 25 | $15.7B | $41.5B | ||
| Q2 25 | $15.9B | $35.3B | ||
| Q1 25 | $14.0B | $27.5B | ||
| Q4 24 | $13.3B | $26.2B | ||
| Q3 24 | $11.9B | $43.2B | ||
| Q2 24 | $12.8B | $41.3B |
负债/权益比HHOOD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 1.01× | — |
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 | $313.0M | $642.0M |
| 自由现金流经营现金流 - 资本支出 | $236.0M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 资本支出强度资本支出/营收 | 4.3% | — |
| 现金转化率经营现金流/净利润 | — | 1.91× |
| 过去12个月自由现金流最近4个季度 | $159.0M | — |
8季度趋势，按日历期对齐
经营现金流HHOOD
| Q1 26 | — | $642.0M | ||
| Q4 25 | $313.0M | $-937.0M | ||
| Q3 25 | $-20.0M | $-1.6B | ||
| Q2 25 | $-67.0M | $3.5B | ||
| Q1 25 | $153.0M | $642.0M | ||
| Q4 24 | $235.0M | $-1.4B | ||
| Q3 24 | $-21.0M | $1.8B | ||
| Q2 24 | $177.0M | $54.0M |
自由现金流HHOOD
| Q1 26 | — | — | ||
| Q4 25 | $236.0M | — | ||
| Q3 25 | $-89.0M | — | ||
| Q2 25 | $-111.0M | — | ||
| Q1 25 | $123.0M | — | ||
| Q4 24 | $184.0M | — | ||
| Q3 24 | $-64.0M | — | ||
| Q2 24 | $135.0M | — |
自由现金流率HHOOD
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | -5.0% | — | ||
| Q2 25 | -6.1% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | 7.9% | — |
资本支出强度HHOOD
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.5% | — |
现金转化率HHOOD
| Q1 26 | — | 1.91× | ||
| Q4 25 | — | -1.55× | ||
| Q3 25 | — | -2.83× | ||
| Q2 25 | — | 9.09× | ||
| Q1 25 | 7.65× | 1.91× | ||
| Q4 24 | — | -1.53× | ||
| Q3 24 | -0.04× | 12.08× | ||
| Q2 24 | 0.49× | 0.29× |
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
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
HOOD
| Transaction-based revenues | $583.0M | 63% |
| Other | $290.0M | 31% |
| Other revenues | $54.0M | 6% |
