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HECLA MINING CO（HL）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HECLA MINING CO的1.6倍（$737.8M vs $448.1M），HECLA MINING CO净利率更高（30.0% vs 10.1%，领先19.9%），HECLA MINING CO同比增速更快（79.5% vs 13.9%），HECLA MINING CO自由现金流更多（$134.7M vs $58.5M），过去两年HECLA MINING CO的营收复合增速更高（53.8% vs 18.2%）
赫克拉矿业是总部位于美国的金属开采企业，主营银、金、铅、锌等矿产开发，矿区主要分布于北美地区，产品供应珠宝、工业制造、新能源供应链等领域，是美国头部原生银生产商之一。
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。
HL vs RHP — 直观对比
营收规模更大
RHP
是对方的1.6倍
$448.1M
营收增速更快
HL
高出65.6%
13.9%
净利率更高
HL
高出19.9%
10.1%
自由现金流更多
HL
多$76.2M
$58.5M
两年增速更快
HL
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $448.1M | $737.8M |
| 净利润 | $134.4M | $74.5M |
| 毛利率 | 55.4% | 41.4% |
| 营业利润率 | 49.1% | 19.4% |
| 净利率 | 30.0% | 10.1% |
| 营收同比 | 79.5% | 13.9% |
| 净利润同比 | 1027.2% | 3.0% |
| 每股收益（稀释后） | $0.20 | $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HLRHP
| Q4 25 | $448.1M | $737.8M | ||
| Q3 25 | $409.5M | $592.5M | ||
| Q2 25 | $304.0M | $659.5M | ||
| Q1 25 | $261.3M | $587.3M | ||
| Q4 24 | $249.7M | $647.6M | ||
| Q3 24 | $245.1M | $550.0M | ||
| Q2 24 | $245.7M | $613.3M | ||
| Q1 24 | $189.5M | $528.3M |
净利润HLRHP
| Q4 25 | $134.4M | $74.5M | ||
| Q3 25 | $100.7M | $34.9M | ||
| Q2 25 | $57.7M | $71.8M | ||
| Q1 25 | $28.9M | $63.0M | ||
| Q4 24 | $11.9M | $72.3M | ||
| Q3 24 | $1.8M | $59.0M | ||
| Q2 24 | $27.9M | $100.8M | ||
| Q1 24 | $-5.8M | $42.8M |
毛利率HLRHP
| Q4 25 | 55.4% | 41.4% | ||
| Q3 25 | 44.1% | 40.9% | ||
| Q2 25 | 39.3% | 49.7% | ||
| Q1 25 | 28.3% | 44.4% | ||
| Q4 24 | 27.4% | 40.4% | ||
| Q3 24 | 24.2% | 43.1% | ||
| Q2 24 | 20.9% | 48.4% | ||
| Q1 24 | 10.1% | 41.5% |
营业利润率HLRHP
| Q4 25 | 49.1% | 19.4% | ||
| Q3 25 | 36.3% | 15.0% | ||
| Q2 25 | 30.8% | 21.1% | ||
| Q1 25 | 20.0% | 19.8% | ||
| Q4 24 | 15.3% | 18.6% | ||
| Q3 24 | 9.2% | 19.3% | ||
| Q2 24 | 16.5% | 27.4% | ||
| Q1 24 | 2.7% | 18.2% |
净利率HLRHP
| Q4 25 | 30.0% | 10.1% | ||
| Q3 25 | 24.6% | 5.9% | ||
| Q2 25 | 19.0% | 10.9% | ||
| Q1 25 | 11.0% | 10.7% | ||
| Q4 24 | 4.8% | 11.2% | ||
| Q3 24 | 0.7% | 10.7% | ||
| Q2 24 | 11.3% | 16.4% | ||
| Q1 24 | -3.0% | 8.1% |
每股收益（稀释后）HLRHP
| Q4 25 | $0.20 | $1.12 | ||
| Q3 25 | $0.15 | $0.53 | ||
| Q2 25 | $0.09 | $1.12 | ||
| Q1 25 | $0.05 | $1.00 | ||
| Q4 24 | $0.03 | $1.12 | ||
| Q3 24 | $0.00 | $0.94 | ||
| Q2 24 | $0.04 | $1.65 | ||
| Q1 24 | $-0.01 | $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 | $301.2M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.6B | $750.2M |
| 总资产 | $3.6B | $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HLRHP
| Q4 25 | $301.2M | $471.4M | ||
| Q3 25 | $133.9M | $483.3M | ||
| Q2 25 | $296.6M | $420.6M | ||
| Q1 25 | $23.7M | $413.9M | ||
| Q4 24 | $26.9M | $477.7M | ||
| Q3 24 | $22.3M | $534.9M | ||
| Q2 24 | $24.6M | $498.4M | ||
| Q1 24 | $80.2M | $465.3M |
股东权益HLRHP
| Q4 25 | $2.6B | $750.2M | ||
| Q3 25 | $2.4B | $758.5M | ||
| Q2 25 | $2.3B | $800.4M | ||
| Q1 25 | $2.1B | $531.5M | ||
| Q4 24 | $2.0B | $549.0M | ||
| Q3 24 | $2.0B | $551.9M | ||
| Q2 24 | $2.0B | $562.6M | ||
| Q1 24 | $2.0B | $529.9M |
总资产HLRHP
| Q4 25 | $3.6B | $6.2B | ||
| Q3 25 | $3.2B | $6.2B | ||
| Q2 25 | $3.3B | $6.1B | ||
| Q1 25 | $3.0B | $5.2B | ||
| Q4 24 | $3.0B | $5.2B | ||
| Q3 24 | $3.0B | $5.2B | ||
| Q2 24 | $2.9B | $5.1B | ||
| Q1 24 | $3.0B | $5.1B |
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 | $217.1M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $134.7M | $58.5M |
| 自由现金流率自由现金流/营收 | 30.1% | 7.9% |
| 资本支出强度资本支出/营收 | 18.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.61× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $310.2M | $232.4M |
8季度趋势，按日历期对齐
经营现金流HLRHP
| Q4 25 | $217.1M | $164.7M | ||
| Q3 25 | $148.0M | $205.2M | ||
| Q2 25 | $161.8M | $122.5M | ||
| Q1 25 | $35.7M | $98.2M | ||
| Q4 24 | $67.5M | $166.6M | ||
| Q3 24 | $55.0M | $218.1M | ||
| Q2 24 | $78.7M | $184.3M | ||
| Q1 24 | $17.1M | $7.5M |
自由现金流HLRHP
| Q4 25 | $134.7M | $58.5M | ||
| Q3 25 | $90.1M | $135.4M | ||
| Q2 25 | $103.8M | $53.0M | ||
| Q1 25 | $-18.4M | $-14.5M | ||
| Q4 24 | $6.7M | $76.0M | ||
| Q3 24 | $-690.0K | $85.7M | ||
| Q2 24 | $28.3M | $78.8M | ||
| Q1 24 | $-30.5M | $-72.0M |
自由现金流率HLRHP
| Q4 25 | 30.1% | 7.9% | ||
| Q3 25 | 22.0% | 22.9% | ||
| Q2 25 | 34.1% | 8.0% | ||
| Q1 25 | -7.0% | -2.5% | ||
| Q4 24 | 2.7% | 11.7% | ||
| Q3 24 | -0.3% | 15.6% | ||
| Q2 24 | 11.5% | 12.9% | ||
| Q1 24 | -16.1% | -13.6% |
资本支出强度HLRHP
| Q4 25 | 18.4% | 14.4% | ||
| Q3 25 | 14.1% | 11.8% | ||
| Q2 25 | 19.1% | 10.5% | ||
| Q1 25 | 20.7% | 19.2% | ||
| Q4 24 | 24.3% | 14.0% | ||
| Q3 24 | 22.7% | 24.1% | ||
| Q2 24 | 20.5% | 17.2% | ||
| Q1 24 | 25.1% | 15.0% |
现金转化率HLRHP
| Q4 25 | 1.61× | 2.21× | ||
| Q3 25 | 1.47× | 5.88× | ||
| Q2 25 | 2.80× | 1.71× | ||
| Q1 25 | 1.24× | 1.56× | ||
| Q4 24 | 5.66× | 2.30× | ||
| Q3 24 | 31.24× | 3.70× | ||
| Q2 24 | 2.82× | 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
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 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% |
