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Hilton Grand Vacations Inc.（HGV）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
Hilton Grand Vacations Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 4.0%，领先6.1%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 3.7%），Hilton Grand Vacations Inc.自由现金流更多（$147.0M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 7.4%）
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
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。
HGV vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | $48.0M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 7.8% | 19.4% |
| 净利率 | 4.0% | 10.1% |
| 营收同比 | 3.7% | 13.9% |
| 净利润同比 | 140.0% | 3.0% |
| 每股收益（稀释后） | $0.53 | $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
| Q4 25 | $1.2B | $737.8M | ||
| Q3 25 | $1.2B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.0B | $587.3M | ||
| Q4 24 | $1.1B | $647.6M | ||
| Q3 24 | $1.2B | $550.0M | ||
| Q2 24 | $1.1B | $613.3M | ||
| Q1 24 | $1.0B | $528.3M |
| Q4 25 | $48.0M | $74.5M | ||
| Q3 25 | $25.0M | $34.9M | ||
| Q2 25 | $25.0M | $71.8M | ||
| Q1 25 | $-17.0M | $63.0M | ||
| Q4 24 | $20.0M | $72.3M | ||
| Q3 24 | $29.0M | $59.0M | ||
| Q2 24 | $2.0M | $100.8M | ||
| Q1 24 | $-4.0M | $42.8M |
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
| Q4 25 | 7.8% | 19.4% | ||
| Q3 25 | 3.9% | 15.0% | ||
| Q2 25 | 3.8% | 21.1% | ||
| Q1 25 | -0.6% | 19.8% | ||
| Q4 24 | 4.3% | 18.6% | ||
| Q3 24 | 7.9% | 19.3% | ||
| Q2 24 | 0.6% | 27.4% | ||
| Q1 24 | -1.3% | 18.2% |
| Q4 25 | 4.0% | 10.1% | ||
| Q3 25 | 2.1% | 5.9% | ||
| Q2 25 | 2.2% | 10.9% | ||
| Q1 25 | -1.7% | 10.7% | ||
| Q4 24 | 1.7% | 11.2% | ||
| Q3 24 | 2.5% | 10.7% | ||
| Q2 24 | 0.2% | 16.4% | ||
| Q1 24 | -0.4% | 8.1% |
| Q4 25 | $0.53 | $1.12 | ||
| Q3 25 | $0.28 | $0.53 | ||
| Q2 25 | $0.25 | $1.12 | ||
| Q1 25 | $-0.17 | $1.00 | ||
| Q4 24 | $0.19 | $1.12 | ||
| Q3 24 | $0.28 | $0.94 | ||
| Q2 24 | $0.02 | $1.65 | ||
| Q1 24 | $-0.04 | $0.67 |
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 | $239.0M | $471.4M |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.3B | $750.2M |
| 总资产 | $11.5B | $6.2B |
| 负债/权益比越低杠杆越低 | 3.53× | — |
8季度趋势，按日历期对齐
| Q4 25 | $239.0M | $471.4M | ||
| Q3 25 | $215.0M | $483.3M | ||
| Q2 25 | $269.0M | $420.6M | ||
| Q1 25 | $259.0M | $413.9M | ||
| Q4 24 | $328.0M | $477.7M | ||
| Q3 24 | $297.0M | $534.9M | ||
| Q2 24 | $328.0M | $498.4M | ||
| Q1 24 | $355.0M | $465.3M |
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $5.1B | — |
| Q4 25 | $1.3B | $750.2M | ||
| Q3 25 | $1.4B | $758.5M | ||
| Q2 25 | $1.5B | $800.4M | ||
| Q1 25 | $1.6B | $531.5M | ||
| Q4 24 | $1.8B | $549.0M | ||
| Q3 24 | $1.8B | $551.9M | ||
| Q2 24 | $1.9B | $562.6M | ||
| Q1 24 | $2.0B | $529.9M |
| Q4 25 | $11.5B | $6.2B | ||
| Q3 25 | $11.7B | $6.2B | ||
| Q2 25 | $11.7B | $6.1B | ||
| Q1 25 | $11.8B | $5.2B | ||
| Q4 24 | $11.4B | $5.2B | ||
| Q3 24 | $11.2B | $5.2B | ||
| Q2 24 | $11.5B | $5.1B | ||
| Q1 24 | $11.7B | $5.1B |
| Q4 25 | 3.53× | — | ||
| Q3 25 | 3.41× | — | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | — | ||
| Q4 24 | 2.63× | — | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 2.55× | — | ||
| Q1 24 | 2.57× | — |
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 | $167.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 12.3% | 7.9% |
| 资本支出强度资本支出/营收 | 1.7% | 14.4% |
| 现金转化率经营现金流/净利润 | 3.48× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $230.0M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $167.0M | $164.7M | ||
| Q3 25 | $34.0M | $205.2M | ||
| Q2 25 | $61.0M | $122.5M | ||
| Q1 25 | $38.0M | $98.2M | ||
| Q4 24 | $105.0M | $166.6M | ||
| Q3 24 | $91.0M | $218.1M | ||
| Q2 24 | $113.0M | $184.3M | ||
| Q1 24 | $0 | $7.5M |
| Q4 25 | $147.0M | $58.5M | ||
| Q3 25 | $13.0M | $135.4M | ||
| Q2 25 | $46.0M | $53.0M | ||
| Q1 25 | $24.0M | $-14.5M | ||
| Q4 24 | $90.0M | $76.0M | ||
| Q3 24 | $81.0M | $85.7M | ||
| Q2 24 | $106.0M | $78.8M | ||
| Q1 24 | — | $-72.0M |
| Q4 25 | 12.3% | 7.9% | ||
| Q3 25 | 1.1% | 22.9% | ||
| Q2 25 | 4.0% | 8.0% | ||
| Q1 25 | 2.4% | -2.5% | ||
| Q4 24 | 7.8% | 11.7% | ||
| Q3 24 | 6.9% | 15.6% | ||
| Q2 24 | 9.6% | 12.9% | ||
| Q1 24 | — | -13.6% |
| Q4 25 | 1.7% | 14.4% | ||
| Q3 25 | 1.8% | 11.8% | ||
| Q2 25 | 1.3% | 10.5% | ||
| Q1 25 | 1.4% | 19.2% | ||
| Q4 24 | 1.3% | 14.0% | ||
| Q3 24 | 0.9% | 24.1% | ||
| Q2 24 | 0.6% | 17.2% | ||
| Q1 24 | 1.0% | 15.0% |
| Q4 25 | 3.48× | 2.21× | ||
| Q3 25 | 1.36× | 5.88× | ||
| Q2 25 | 2.44× | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 5.25× | 2.30× | ||
| Q3 24 | 3.14× | 3.70× | ||
| Q2 24 | 56.50× | 1.83× | ||
| Q1 24 | — | 0.17× |
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
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Resort Management | $118.0M | 10% |
| Other | $116.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
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% |
