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凯悦酒店集团（H）与森萨塔科技（ST）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森萨塔科技的1.9倍（$1.8B vs $934.8M），森萨塔科技净利率更高（9.3% vs -1.1%，领先10.4%），凯悦酒店集团同比增速更快（11.7% vs 2.6%），凯悦酒店集团自由现金流更多（$236.0M vs $104.6M），过去两年凯悦酒店集团的营收复合增速更高（2.2% vs -5.0%）
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。
森萨塔科技控股有限公司是全球领先的工业科技企业，主营传感器、电气保护及控制解决方案的研发、生产与销售，产品覆盖汽车、工业、航空航天、暖通空调、电信等多个下游领域，服务全球制造类企业客户。
H vs ST — 直观对比
营收规模更大
H
是对方的1.9倍
$934.8M
营收增速更快
H
高出9.1%
2.6%
净利率更高
ST
高出10.4%
-1.1%
自由现金流更多
H
多$131.4M
$104.6M
两年增速更快
H
近两年复合增速
-5.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $934.8M |
| 净利润 | $-20.0M | $87.1M |
| 毛利率 | — | 30.6% |
| 营业利润率 | 0.4% | 15.1% |
| 净利率 | -1.1% | 9.3% |
| 营收同比 | 11.7% | 2.6% |
| 净利润同比 | 64.3% | 24.6% |
| 每股收益（稀释后） | $-0.20 | $0.59 |
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HST
| Q1 26 | — | $934.8M | ||
| Q4 25 | $1.8B | $917.9M | ||
| Q3 25 | $1.8B | $932.0M | ||
| Q2 25 | $1.8B | $943.4M | ||
| Q1 25 | $1.7B | $911.3M | ||
| Q4 24 | $1.6B | $907.7M | ||
| Q3 24 | $1.6B | $982.8M | ||
| Q2 24 | $1.7B | $1.0B |
净利润HST
| Q1 26 | — | $87.1M | ||
| Q4 25 | $-20.0M | $63.2M | ||
| Q3 25 | $-49.0M | $-162.5M | ||
| Q2 25 | $-3.0M | $60.7M | ||
| Q1 25 | $20.0M | $69.9M | ||
| Q4 24 | $-56.0M | $5.8M | ||
| Q3 24 | $471.0M | $-25.0M | ||
| Q2 24 | $359.0M | $71.7M |
毛利率HST
| Q1 26 | — | 30.6% | ||
| Q4 25 | — | 29.0% | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 27.1% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | — | 30.0% |
营业利润率HST
| Q1 26 | — | 15.1% | ||
| Q4 25 | 0.4% | 10.9% | ||
| Q3 25 | -1.0% | -13.2% | ||
| Q2 25 | 2.1% | 14.6% | ||
| Q1 25 | 3.0% | 13.4% | ||
| Q4 24 | -3.0% | 8.1% | ||
| Q3 24 | 37.3% | -20.3% | ||
| Q2 24 | 27.1% | 12.5% |
净利率HST
| Q1 26 | — | 9.3% | ||
| Q4 25 | -1.1% | 6.9% | ||
| Q3 25 | -2.7% | -17.4% | ||
| Q2 25 | -0.2% | 6.4% | ||
| Q1 25 | 1.2% | 7.7% | ||
| Q4 24 | -3.5% | 0.6% | ||
| Q3 24 | 28.9% | -2.5% | ||
| Q2 24 | 21.1% | 6.9% |
每股收益（稀释后）HST
| Q1 26 | — | $0.59 | ||
| Q4 25 | $-0.20 | $0.45 | ||
| Q3 25 | $-0.51 | $-1.12 | ||
| Q2 25 | $-0.03 | $0.41 | ||
| Q1 25 | $0.19 | $0.47 | ||
| Q4 24 | $-0.37 | $0.05 | ||
| Q3 24 | $4.63 | $-0.17 | ||
| Q2 24 | $3.46 | $0.47 |
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 | $635.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $2.9B |
| 总资产 | $14.0B | $6.8B |
| 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HST
| Q1 26 | — | $635.1M | ||
| Q4 25 | $813.0M | $573.0M | ||
| Q3 25 | $749.0M | $791.3M | ||
| Q2 25 | $912.0M | $661.8M | ||
| Q1 25 | $1.8B | $588.1M | ||
| Q4 24 | $1.4B | $593.7M | ||
| Q3 24 | $1.1B | $506.2M | ||
| Q2 24 | $2.0B | $1.0B |
总债务HST
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $6.0B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $3.8B | $3.2B | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.9B | — |
股东权益HST
| Q1 26 | — | $2.9B | ||
| Q4 25 | $3.3B | $2.8B | ||
| Q3 25 | $3.5B | $2.7B | ||
| Q2 25 | $3.6B | $2.9B | ||
| Q1 25 | $3.5B | $2.8B | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | $3.7B | $3.0B | ||
| Q2 24 | $3.9B | $3.0B |
总资产HST
| Q1 26 | — | $6.8B | ||
| Q4 25 | $14.0B | $6.8B | ||
| Q3 25 | $15.7B | $7.1B | ||
| Q2 25 | $15.9B | $7.3B | ||
| Q1 25 | $14.0B | $7.2B | ||
| Q4 24 | $13.3B | $7.1B | ||
| Q3 24 | $11.9B | $7.3B | ||
| Q2 24 | $12.8B | $8.2B |
负债/权益比HST
| Q1 26 | — | — | ||
| Q4 25 | — | 1.02× | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | 1.07× | 1.11× | ||
| 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 | $122.5M |
| 自由现金流经营现金流 - 资本支出 | $236.0M | $104.6M |
| 自由现金流率自由现金流/营收 | 13.2% | 11.2% |
| 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 | — | 1.41× |
| 过去12个月自由现金流最近4个季度 | $159.0M | $508.3M |
8季度趋势，按日历期对齐
经营现金流HST
| Q1 26 | — | $122.5M | ||
| Q4 25 | $313.0M | $201.5M | ||
| Q3 25 | $-20.0M | $159.9M | ||
| Q2 25 | $-67.0M | $140.9M | ||
| Q1 25 | $153.0M | $119.2M | ||
| Q4 24 | $235.0M | $170.7M | ||
| Q3 24 | $-21.0M | $130.9M | ||
| Q2 24 | $177.0M | $143.5M |
自由现金流HST
| Q1 26 | — | $104.6M | ||
| Q4 25 | $236.0M | $151.9M | ||
| Q3 25 | $-89.0M | $136.2M | ||
| Q2 25 | $-111.0M | $115.5M | ||
| Q1 25 | $123.0M | $86.6M | ||
| Q4 24 | $184.0M | $138.9M | ||
| Q3 24 | $-64.0M | $91.3M | ||
| Q2 24 | $135.0M | $98.4M |
自由现金流率HST
| Q1 26 | — | 11.2% | ||
| Q4 25 | 13.2% | 16.6% | ||
| Q3 25 | -5.0% | 14.6% | ||
| Q2 25 | -6.1% | 12.2% | ||
| Q1 25 | 7.2% | 9.5% | ||
| Q4 24 | 11.5% | 15.3% | ||
| Q3 24 | -3.9% | 9.3% | ||
| Q2 24 | 7.9% | 9.5% |
资本支出强度HST
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 5.4% | ||
| Q3 25 | 3.9% | 2.5% | ||
| Q2 25 | 2.4% | 2.7% | ||
| Q1 25 | 1.7% | 3.6% | ||
| Q4 24 | 3.2% | 3.5% | ||
| Q3 24 | 2.6% | 4.0% | ||
| Q2 24 | 2.5% | 4.4% |
现金转化率HST
| Q1 26 | — | 1.41× | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | 7.65× | 1.70× | ||
| Q4 24 | — | 29.50× | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 0.49× | 2.00× |
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% |
ST
暂无分部数据
