vs
凯悦酒店集团（H）与MYR GROUP INC.（MYRG）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MYR GROUP INC.的1.8倍（$1.8B vs $973.5M），MYR GROUP INC.净利率更高（3.8% vs -1.1%，领先4.9%），MYR GROUP INC.同比增速更快（17.3% vs 11.7%），凯悦酒店集团自由现金流更多（$236.0M vs $84.9M），过去两年MYR GROUP INC.的营收复合增速更高（9.3% 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。
MYR集团是美国知名电气建设服务提供商，业务覆盖输配电线路、变电站、工商业建筑及可再生能源领域的电气施工，旗下拥有12家电气建设子公司，在北美电力基建赛道拥有深厚的技术积累与项目交付能力。
H vs MYRG — 直观对比
营收规模更大
H
是对方的1.8倍
$973.5M
营收增速更快
MYRG
高出5.7%
11.7%
净利率更高
MYRG
高出4.9%
-1.1%
自由现金流更多
H
多$151.1M
$84.9M
两年增速更快
MYRG
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $973.5M |
| 净利润 | $-20.0M | $36.5M |
| 毛利率 | — | 11.4% |
| 营业利润率 | 0.4% | 4.8% |
| 净利率 | -1.1% | 3.8% |
| 营收同比 | 11.7% | 17.3% |
| 净利润同比 | 64.3% | 129.1% |
| 每股收益（稀释后） | $-0.20 | $2.33 |
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HMYRG
| Q4 25 | $1.8B | $973.5M | ||
| Q3 25 | $1.8B | $950.4M | ||
| Q2 25 | $1.8B | $900.3M | ||
| Q1 25 | $1.7B | $833.6M | ||
| Q4 24 | $1.6B | $829.8M | ||
| Q3 24 | $1.6B | $888.0M | ||
| Q2 24 | $1.7B | $828.9M | ||
| Q1 24 | $1.7B | $815.6M |
净利润HMYRG
| Q4 25 | $-20.0M | $36.5M | ||
| Q3 25 | $-49.0M | $32.1M | ||
| Q2 25 | $-3.0M | $26.5M | ||
| Q1 25 | $20.0M | $23.3M | ||
| Q4 24 | $-56.0M | $16.0M | ||
| Q3 24 | $471.0M | $10.6M | ||
| Q2 24 | $359.0M | $-15.3M | ||
| Q1 24 | $522.0M | $18.9M |
毛利率HMYRG
| Q4 25 | — | 11.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 10.6% |
营业利润率HMYRG
| Q4 25 | 0.4% | 4.8% | ||
| Q3 25 | -1.0% | 4.9% | ||
| Q2 25 | 2.1% | 4.4% | ||
| Q1 25 | 3.0% | 4.1% | ||
| Q4 24 | -3.0% | 3.6% | ||
| Q3 24 | 37.3% | 2.3% | ||
| Q2 24 | 27.1% | -2.5% | ||
| Q1 24 | 31.6% | 3.0% |
净利率HMYRG
| Q4 25 | -1.1% | 3.8% | ||
| Q3 25 | -2.7% | 3.4% | ||
| Q2 25 | -0.2% | 2.9% | ||
| Q1 25 | 1.2% | 2.8% | ||
| Q4 24 | -3.5% | 1.9% | ||
| Q3 24 | 28.9% | 1.2% | ||
| Q2 24 | 21.1% | -1.8% | ||
| Q1 24 | 30.5% | 2.3% |
每股收益（稀释后）HMYRG
| Q4 25 | $-0.20 | $2.33 | ||
| Q3 25 | $-0.51 | $2.05 | ||
| Q2 25 | $-0.03 | $1.70 | ||
| Q1 25 | $0.19 | $1.45 | ||
| Q4 24 | $-0.37 | $0.97 | ||
| Q3 24 | $4.63 | $0.65 | ||
| Q2 24 | $3.46 | $-0.91 | ||
| Q1 24 | $4.93 | $1.12 |
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 | $150.2M |
| 总债务越低越好 | — | $59.0M |
| 股东权益账面价值 | $3.3B | $660.4M |
| 总资产 | $14.0B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资HMYRG
| Q4 25 | $813.0M | $150.2M | ||
| Q3 25 | $749.0M | $76.2M | ||
| Q2 25 | $912.0M | $23.0M | ||
| Q1 25 | $1.8B | $10.9M | ||
| Q4 24 | $1.4B | $3.5M | ||
| Q3 24 | $1.1B | $7.6M | ||
| Q2 24 | $2.0B | $1.9M | ||
| Q1 24 | $794.0M | $3.9M |
总债务HMYRG
| Q4 25 | — | $59.0M | ||
| Q3 25 | $6.0B | $72.0M | ||
| Q2 25 | $6.0B | $86.1M | ||
| Q1 25 | $4.3B | $87.2M | ||
| Q4 24 | $3.8B | $74.4M | ||
| Q3 24 | $3.1B | $93.2M | ||
| Q2 24 | $3.9B | $45.1M | ||
| Q1 24 | $3.1B | $37.9M |
股东权益HMYRG
| Q4 25 | $3.3B | $660.4M | ||
| Q3 25 | $3.5B | $617.6M | ||
| Q2 25 | $3.6B | $583.2M | ||
| Q1 25 | $3.5B | $548.7M | ||
| Q4 24 | $3.5B | $600.4M | ||
| Q3 24 | $3.7B | $588.5M | ||
| Q2 24 | $3.9B | $633.3M | ||
| Q1 24 | $3.7B | $663.7M |
总资产HMYRG
| Q4 25 | $14.0B | $1.6B | ||
| Q3 25 | $15.7B | $1.6B | ||
| Q2 25 | $15.9B | $1.6B | ||
| Q1 25 | $14.0B | $1.5B | ||
| Q4 24 | $13.3B | $1.6B | ||
| Q3 24 | $11.9B | $1.6B | ||
| Q2 24 | $12.8B | $1.6B | ||
| Q1 24 | $11.7B | $1.6B |
负债/权益比HMYRG
| Q4 25 | — | 0.09× | ||
| Q3 25 | 1.73× | 0.12× | ||
| Q2 25 | 1.69× | 0.15× | ||
| Q1 25 | 1.25× | 0.16× | ||
| Q4 24 | 1.07× | 0.12× | ||
| Q3 24 | 0.85× | 0.16× | ||
| Q2 24 | 1.01× | 0.07× | ||
| Q1 24 | 0.84× | 0.06× |
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 | $114.8M |
| 自由现金流经营现金流 - 资本支出 | $236.0M | $84.9M |
| 自由现金流率自由现金流/营收 | 13.2% | 8.7% |
| 资本支出强度资本支出/营收 | 4.3% | 3.1% |
| 现金转化率经营现金流/净利润 | — | 3.14× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $232.2M |
8季度趋势，按日历期对齐
经营现金流HMYRG
| Q4 25 | $313.0M | $114.8M | ||
| Q3 25 | $-20.0M | $95.6M | ||
| Q2 25 | $-67.0M | $32.9M | ||
| Q1 25 | $153.0M | $83.3M | ||
| Q4 24 | $235.0M | $21.1M | ||
| Q3 24 | $-21.0M | $35.6M | ||
| Q2 24 | $177.0M | $22.7M | ||
| Q1 24 | $242.0M | $7.7M |
自由现金流HMYRG
| Q4 25 | $236.0M | $84.9M | ||
| Q3 25 | $-89.0M | $65.4M | ||
| Q2 25 | $-111.0M | $11.6M | ||
| Q1 25 | $123.0M | $70.2M | ||
| Q4 24 | $184.0M | $8.8M | ||
| Q3 24 | $-64.0M | $18.0M | ||
| Q2 24 | $135.0M | $2.5M | ||
| Q1 24 | $208.0M | $-18.1M |
自由现金流率HMYRG
| Q4 25 | 13.2% | 8.7% | ||
| Q3 25 | -5.0% | 6.9% | ||
| Q2 25 | -6.1% | 1.3% | ||
| Q1 25 | 7.2% | 8.4% | ||
| Q4 24 | 11.5% | 1.1% | ||
| Q3 24 | -3.9% | 2.0% | ||
| Q2 24 | 7.9% | 0.3% | ||
| Q1 24 | 12.1% | -2.2% |
资本支出强度HMYRG
| Q4 25 | 4.3% | 3.1% | ||
| Q3 25 | 3.9% | 3.2% | ||
| Q2 25 | 2.4% | 2.4% | ||
| Q1 25 | 1.7% | 1.6% | ||
| Q4 24 | 3.2% | 1.5% | ||
| Q3 24 | 2.6% | 2.0% | ||
| Q2 24 | 2.5% | 2.4% | ||
| Q1 24 | 2.0% | 3.2% |
现金转化率HMYRG
| Q4 25 | — | 3.14× | ||
| Q3 25 | — | 2.98× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | 7.65× | 3.57× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | -0.04× | 3.35× | ||
| Q2 24 | 0.49× | — | ||
| Q1 24 | 0.46× | 0.41× |
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% |
MYRG
| Market Type Electrical Construction | $442.6M | 45% |
| Market Type Transmission | $330.3M | 34% |
| Market Type Distribution | $200.6M | 21% |
