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凯悦酒店集团（H）与PLEXUS CORP（PLXS）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PLEXUS CORP的1.5倍（$1.8B vs $1.2B），PLEXUS CORP净利率更高（4.3% vs -1.1%，领先5.4%），PLEXUS CORP同比增速更快（18.7% vs 11.7%），过去两年PLEXUS CORP的营收复合增速更高（7.2% 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。
Plexus Corp是总部位于美国密歇根州特洛伊市的软件企业，专注于开发及推广Plex制造云产品，这是一款面向制造行业的SaaS模式云计算ERP解决方案，可助力制造企业实现数字化运营管理升级。
H vs PLXS — 直观对比
营收规模更大
H
是对方的1.5倍
$1.2B
营收增速更快
PLXS
高出7.1%
11.7%
净利率更高
PLXS
高出5.4%
-1.1%
两年增速更快
PLXS
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.2B |
| 净利润 | $-20.0M | $49.8M |
| 毛利率 | — | 10.2% |
| 营业利润率 | 0.4% | 5.3% |
| 净利率 | -1.1% | 4.3% |
| 营收同比 | 11.7% | 18.7% |
| 净利润同比 | 64.3% | 27.5% |
| 每股收益（稀释后） | $-0.20 | $1.82 |
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HPLXS
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — |
净利润HPLXS
| Q1 26 | — | $41.2M | ||
| Q4 25 | $-20.0M | — | ||
| Q3 25 | $-49.0M | — | ||
| Q2 25 | $-3.0M | — | ||
| Q1 25 | $20.0M | — | ||
| Q4 24 | $-56.0M | — | ||
| Q3 24 | $471.0M | — | ||
| Q2 24 | $359.0M | — |
毛利率HPLXS
| Q1 26 | — | 9.9% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率HPLXS
| Q1 26 | — | 5.1% | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 27.1% | — |
净利率HPLXS
| Q1 26 | — | 3.8% | ||
| Q4 25 | -1.1% | — | ||
| Q3 25 | -2.7% | — | ||
| Q2 25 | -0.2% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | 28.9% | — | ||
| Q2 24 | 21.1% | — |
每股收益（稀释后）HPLXS
| Q1 26 | — | $1.51 | ||
| Q4 25 | $-0.20 | — | ||
| Q3 25 | $-0.51 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $0.19 | — | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $4.63 | — | ||
| Q2 24 | $3.46 | — |
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 | $303.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $1.5B |
| 总资产 | $14.0B | $3.4B |
| 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HPLXS
| Q1 26 | — | $248.8M | ||
| Q4 25 | $813.0M | — | ||
| Q3 25 | $749.0M | — | ||
| Q2 25 | $912.0M | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $2.0B | — |
总债务HPLXS
| 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HPLXS
| Q1 26 | — | $1.5B | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.9B | — |
总资产HPLXS
| Q1 26 | — | $3.2B | ||
| Q4 25 | $14.0B | — | ||
| Q3 25 | $15.7B | — | ||
| Q2 25 | $15.9B | — | ||
| Q1 25 | $14.0B | — | ||
| Q4 24 | $13.3B | — | ||
| Q3 24 | $11.9B | — | ||
| Q2 24 | $12.8B | — |
负债/权益比HPLXS
| 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 | — |
| 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 | — | — |
| 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HPLXS
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | — | ||
| Q3 25 | $-20.0M | — | ||
| Q2 25 | $-67.0M | — | ||
| Q1 25 | $153.0M | — | ||
| Q4 24 | $235.0M | — | ||
| Q3 24 | $-21.0M | — | ||
| Q2 24 | $177.0M | — |
自由现金流HPLXS
| 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HPLXS
| 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HPLXS
| 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HPLXS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 7.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 0.49× | — |
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% |
PLXS
| Asia-Pacific | $652.0M | 56% |
| Americas | $397.0M | 34% |
| Europe, Middle East and Africa | $116.0M | 10% |
