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WARRIOR MET COAL, INC.（HCC）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是WARRIOR MET COAL, INC.的1.6倍（$737.8M vs $458.6M），WARRIOR MET COAL, INC.净利率更高（15.8% vs 10.1%，领先5.7%），WARRIOR MET COAL, INC.同比增速更快（52.1% vs 13.9%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 7.5%）
Warrior Met Coal（股票代码HCC）是总部位于美国的矿业企业，主营高品质冶金煤的开采与供应，其产品是钢铁制造的核心原材料，主要服务北美、欧洲、亚洲地区的钢铁生产商及工业客户。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
HCC vs RHP — 直观对比
营收规模更大
RHP
是对方的1.6倍
$458.6M
营收增速更快
HCC
高出38.1%
13.9%
净利率更高
HCC
高出5.7%
10.1%
两年增速更快
RHP
近两年复合增速
7.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $458.6M | $737.8M |
| 净利润 | $72.3M | $74.5M |
| 毛利率 | 36.7% | 41.4% |
| 营业利润率 | 17.3% | 19.4% |
| 净利率 | 15.8% | 10.1% |
| 营收同比 | 52.1% | 13.9% |
| 净利润同比 | — | 3.0% |
| 每股收益（稀释后） | $1.37 | $1.12 |
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HCCRHP
| Q1 26 | $458.6M | — | ||
| Q4 25 | $384.0M | $737.8M | ||
| Q3 25 | $328.6M | $592.5M | ||
| Q2 25 | $297.5M | $659.5M | ||
| Q1 25 | $299.9M | $587.3M | ||
| Q4 24 | $297.5M | $647.6M | ||
| Q3 24 | $327.7M | $550.0M | ||
| Q2 24 | $396.5M | $613.3M |
净利润HCCRHP
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $74.5M | ||
| Q3 25 | $36.6M | $34.9M | ||
| Q2 25 | $5.6M | $71.8M | ||
| Q1 25 | $-8.2M | $63.0M | ||
| Q4 24 | $1.1M | $72.3M | ||
| Q3 24 | $41.8M | $59.0M | ||
| Q2 24 | $70.7M | $100.8M |
毛利率HCCRHP
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 41.4% | ||
| Q3 25 | 27.1% | 40.9% | ||
| Q2 25 | 23.9% | 49.7% | ||
| Q1 25 | 18.1% | 44.4% | ||
| Q4 24 | 23.1% | 40.4% | ||
| Q3 24 | 29.3% | 43.1% | ||
| Q2 24 | 34.1% | 48.4% |
营业利润率HCCRHP
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 19.4% | ||
| Q3 25 | 6.3% | 15.0% | ||
| Q2 25 | 2.6% | 21.1% | ||
| Q1 25 | -5.8% | 19.8% | ||
| Q4 24 | -1.4% | 18.6% | ||
| Q3 24 | 11.9% | 19.3% | ||
| Q2 24 | 17.9% | 27.4% |
净利率HCCRHP
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 10.1% | ||
| Q3 25 | 11.1% | 5.9% | ||
| Q2 25 | 1.9% | 10.9% | ||
| Q1 25 | -2.7% | 10.7% | ||
| Q4 24 | 0.4% | 11.2% | ||
| Q3 24 | 12.7% | 10.7% | ||
| Q2 24 | 17.8% | 16.4% |
每股收益（稀释后）HCCRHP
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $1.12 | ||
| Q3 25 | $0.70 | $0.53 | ||
| Q2 25 | $0.11 | $1.12 | ||
| Q1 25 | $-0.16 | $1.00 | ||
| Q4 24 | $0.02 | $1.12 | ||
| Q3 24 | $0.80 | $0.94 | ||
| Q2 24 | $1.35 | $1.65 |
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 | $233.2M | $471.4M |
| 总债务越低越好 | $154.4M | — |
| 股东权益账面价值 | — | $750.2M |
| 总资产 | $2.8B | $6.2B |
| 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HCCRHP
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $471.4M | ||
| Q3 25 | $336.3M | $483.3M | ||
| Q2 25 | $383.3M | $420.6M | ||
| Q1 25 | $454.9M | $413.9M | ||
| Q4 24 | $491.5M | $477.7M | ||
| Q3 24 | $583.2M | $534.9M | ||
| Q2 24 | $709.0M | $498.4M |
总债务HCCRHP
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | — | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — |
股东权益HCCRHP
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $750.2M | ||
| Q3 25 | $2.1B | $758.5M | ||
| Q2 25 | $2.1B | $800.4M | ||
| Q1 25 | $2.1B | $531.5M | ||
| Q4 24 | $2.1B | $549.0M | ||
| Q3 24 | $2.1B | $551.9M | ||
| Q2 24 | $2.0B | $562.6M |
总资产HCCRHP
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $6.2B | ||
| Q3 25 | $2.7B | $6.2B | ||
| Q2 25 | $2.6B | $6.1B | ||
| Q1 25 | $2.6B | $5.2B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $2.6B | $5.2B | ||
| Q2 24 | $2.6B | $5.1B |
负债/权益比HCCRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — |
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 | — | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流HCCRHP
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $164.7M | ||
| Q3 25 | $104.7M | $205.2M | ||
| Q2 25 | $37.5M | $122.5M | ||
| Q1 25 | $10.9M | $98.2M | ||
| Q4 24 | $54.2M | $166.6M | ||
| Q3 24 | $62.2M | $218.1M | ||
| Q2 24 | $147.0M | $184.3M |
自由现金流HCCRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M |
自由现金流率HCCRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% |
资本支出强度HCCRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% |
现金转化率HCCRHP
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | 2.21× | ||
| Q3 25 | 2.86× | 5.88× | ||
| Q2 25 | 6.70× | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 47.68× | 2.30× | ||
| Q3 24 | 1.49× | 3.70× | ||
| Q2 24 | 2.08× | 1.83× |
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
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
