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凯悦酒店集团（H）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是凯悦酒店集团的1.2倍（$2.2B vs $1.8B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs -1.1%，领先24.6%），凯悦酒店集团同比增速更快（11.7% vs -36.8%），过去两年凯悦酒店集团的营收复合增速更高（2.2% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
H vs RNR — 直观对比
营收规模更大
RNR
是对方的1.2倍
$1.8B
营收增速更快
H
高出48.4%
-36.8%
净利率更高
RNR
高出24.6%
-1.1%
两年增速更快
H
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.2B |
| 净利润 | $-20.0M | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 0.4% | — |
| 净利率 | -1.1% | 23.5% |
| 营收同比 | 11.7% | -36.8% |
| 净利润同比 | 64.3% | 72.6% |
| 每股收益（稀释后） | $-0.20 | $6.57 |
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HRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.8B | $3.0B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.7B | $3.5B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $4.0B | ||
| Q2 24 | $1.7B | $2.8B |
净利润HRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-20.0M | $760.5M | ||
| Q3 25 | $-49.0M | $916.5M | ||
| Q2 25 | $-3.0M | $835.4M | ||
| Q1 25 | $20.0M | $170.0M | ||
| Q4 24 | $-56.0M | $-189.7M | ||
| Q3 24 | $471.0M | $1.2B | ||
| Q2 24 | $359.0M | $503.9M |
营业利润率HRNR
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 42.5% | ||
| Q3 25 | -1.0% | 46.3% | ||
| Q2 25 | 2.1% | 41.8% | ||
| Q1 25 | 3.0% | -2.0% | ||
| Q4 24 | -3.0% | -3.6% | ||
| Q3 24 | 37.3% | 43.7% | ||
| Q2 24 | 27.1% | 25.0% |
净利率HRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | -1.1% | 25.6% | ||
| Q3 25 | -2.7% | 28.7% | ||
| Q2 25 | -0.2% | 26.1% | ||
| Q1 25 | 1.2% | 4.9% | ||
| Q4 24 | -3.5% | -8.3% | ||
| Q3 24 | 28.9% | 29.8% | ||
| Q2 24 | 21.1% | 17.8% |
每股收益（稀释后）HRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-0.20 | $16.16 | ||
| Q3 25 | $-0.51 | $19.40 | ||
| Q2 25 | $-0.03 | $17.20 | ||
| Q1 25 | $0.19 | $3.27 | ||
| Q4 24 | $-0.37 | $-3.76 | ||
| Q3 24 | $4.63 | $22.62 | ||
| Q2 24 | $3.46 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $4.3B |
| 总资产 | $14.0B | $53.7B |
| 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HRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $813.0M | $1.7B | ||
| Q3 25 | $749.0M | $1.7B | ||
| Q2 25 | $912.0M | $1.4B | ||
| Q1 25 | $1.8B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $2.0B | $1.6B |
总债务HRNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $6.0B | $2.2B | ||
| Q2 25 | $6.0B | $2.3B | ||
| Q1 25 | $4.3B | $2.8B | ||
| Q4 24 | $3.8B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.9B | $2.0B |
股东权益HRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.3B | $11.6B | ||
| Q3 25 | $3.5B | $11.5B | ||
| Q2 25 | $3.6B | $10.8B | ||
| Q1 25 | $3.5B | $10.3B | ||
| Q4 24 | $3.5B | $10.6B | ||
| Q3 24 | $3.7B | $11.2B | ||
| Q2 24 | $3.9B | $10.2B |
总资产HRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $14.0B | $53.8B | ||
| Q3 25 | $15.7B | $54.5B | ||
| Q2 25 | $15.9B | $54.7B | ||
| Q1 25 | $14.0B | $53.6B | ||
| Q4 24 | $13.3B | $50.7B | ||
| Q3 24 | $11.9B | $52.8B | ||
| Q2 24 | $12.8B | $51.6B |
负债/权益比HRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | 1.73× | 0.19× | ||
| Q2 25 | 1.69× | 0.21× | ||
| Q1 25 | 1.25× | 0.27× | ||
| Q4 24 | 1.07× | 0.18× | ||
| Q3 24 | 0.85× | 0.17× | ||
| Q2 24 | 1.01× | 0.19× |
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HRNR
| Q1 26 | — | — | ||
| Q4 25 | $313.0M | $483.0M | ||
| Q3 25 | $-20.0M | $1.6B | ||
| Q2 25 | $-67.0M | $1.5B | ||
| Q1 25 | $153.0M | $157.8M | ||
| Q4 24 | $235.0M | $778.9M | ||
| Q3 24 | $-21.0M | $1.5B | ||
| Q2 24 | $177.0M | $1.2B |
自由现金流HRNR
| 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HRNR
| 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HRNR
| 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HRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | 7.65× | 0.93× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.04× | 1.26× | ||
| Q2 24 | 0.49× | 2.41× |
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% |
RNR
暂无分部数据
