vs
希尔顿（HLT）与托尔工业（THO）财务数据对比。点击上方公司名可切换其他公司
希尔顿的季度营收约是托尔工业的1.2倍（$2.9B vs $2.4B），希尔顿净利率更高（13.0% vs 0.9%，领先12.1%），托尔工业同比增速更快（11.5% vs 9.0%），过去两年托尔工业的营收复合增速更高（4.0% vs -0.2%）
希尔顿全球控股是美国跨国酒店管理集团，管理并特许经营涵盖酒店、度假村、分时度假物业在内的多元品牌矩阵。集团由康拉德·希尔顿于1919年5月创立，现任首席执行官为克里斯托弗·J·纳塞塔，总部位于美国弗吉尼亚州泰森斯。
托尔工业是美国知名休闲房车（RV）生产商，旗下拥有Airstream、Heartland RV、Jayco等多个子品牌，主营拖挂式及自行式休闲房车的生产销售，总部位于印第安纳州埃尔克哈特，在密歇根、俄亥俄、爱达荷、俄勒冈等多个州设有生产基地。
HLT vs THO — 直观对比
营收规模更大
HLT
是对方的1.2倍
$2.4B
营收增速更快
THO
高出2.5%
9.0%
净利率更高
HLT
高出12.1%
0.9%
两年增速更快
THO
近两年复合增速
-0.2%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.9B | $2.4B |
| 净利润 | $383.0M | $21.7M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 23.1% | 1.4% |
| 净利率 | 13.0% | 0.9% |
| 营收同比 | 9.0% | 11.5% |
| 净利润同比 | 27.7% | 1282.8% |
| 每股收益（稀释后） | $1.66 | $0.41 |
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HLTTHO
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $2.4B | ||
| Q3 25 | $3.1B | $2.5B | ||
| Q2 25 | $3.1B | $2.9B | ||
| Q1 25 | $2.7B | $2.0B | ||
| Q4 24 | $2.8B | $2.1B | ||
| Q3 24 | $2.9B | $2.5B | ||
| Q2 24 | $3.0B | $2.8B |
净利润HLTTHO
| Q1 26 | $383.0M | — | ||
| Q4 25 | $297.0M | $21.7M | ||
| Q3 25 | $420.0M | $125.8M | ||
| Q2 25 | $440.0M | $135.2M | ||
| Q1 25 | $300.0M | $-551.0K | ||
| Q4 24 | $505.0M | $-1.8M | ||
| Q3 24 | $344.0M | $90.0M | ||
| Q2 24 | $421.0M | $114.5M |
毛利率HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 15.3% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 15.1% |
营业利润率HLTTHO
| Q1 26 | 23.1% | — | ||
| Q4 25 | 19.5% | 1.4% | ||
| Q3 25 | 24.9% | 5.7% | ||
| Q2 25 | 24.8% | 5.4% | ||
| Q1 25 | 19.9% | -0.1% | ||
| Q4 24 | 17.6% | -0.1% | ||
| Q3 24 | 21.7% | 5.0% | ||
| Q2 24 | 24.6% | 5.1% |
净利率HLTTHO
| Q1 26 | 13.0% | — | ||
| Q4 25 | 9.6% | 0.9% | ||
| Q3 25 | 13.5% | 5.0% | ||
| Q2 25 | 14.0% | 4.7% | ||
| Q1 25 | 11.1% | -0.0% | ||
| Q4 24 | 18.1% | -0.1% | ||
| Q3 24 | 12.0% | 3.6% | ||
| Q2 24 | 14.3% | 4.1% |
每股收益（稀释后）HLTTHO
| Q1 26 | $1.66 | — | ||
| Q4 25 | $1.27 | $0.41 | ||
| Q3 25 | $1.78 | $2.35 | ||
| Q2 25 | $1.84 | $2.53 | ||
| Q1 25 | $1.23 | $-0.01 | ||
| Q4 24 | $2.05 | $-0.03 | ||
| Q3 24 | $1.38 | $1.69 | ||
| Q2 24 | $1.67 | $2.13 |
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 | — | $509.9M |
| 总债务越低越好 | $12.4M | $916.0M |
| 股东权益账面价值 | — | $4.3B |
| 总资产 | — | $7.0B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | $918.0M | $509.9M | ||
| Q3 25 | $1.1B | $586.6M | ||
| Q2 25 | $371.0M | $508.3M | ||
| Q1 25 | $731.0M | $373.8M | ||
| Q4 24 | $1.3B | $445.2M | ||
| Q3 24 | $1.6B | $501.3M | ||
| Q2 24 | $731.0M | $371.8M |
总债务HLTTHO
| Q1 26 | $12.4M | — | ||
| Q4 25 | $12.3B | $916.0M | ||
| Q3 25 | $11.6B | $923.0M | ||
| Q2 25 | $10.9B | $1.0B | ||
| Q1 25 | $10.6B | $1.0B | ||
| Q4 24 | $10.6B | $1.1B | ||
| Q3 24 | $10.6B | $1.1B | ||
| Q2 24 | $9.6B | $1.2B |
股东权益HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | $-5.4B | $4.3B | ||
| Q3 25 | $-4.9B | $4.3B | ||
| Q2 25 | $-4.6B | $4.2B | ||
| Q1 25 | $-4.4B | $4.0B | ||
| Q4 24 | $-3.7B | $4.1B | ||
| Q3 24 | $-3.5B | $4.1B | ||
| Q2 24 | $-3.1B | $4.0B |
总资产HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | $16.8B | $7.0B | ||
| Q3 25 | $16.6B | $7.1B | ||
| Q2 25 | $15.9B | $7.2B | ||
| Q1 25 | $16.0B | $6.7B | ||
| Q4 24 | $16.5B | $6.9B | ||
| Q3 24 | $16.7B | $7.0B | ||
| Q2 24 | $15.7B | $7.2B |
负债/权益比HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | 0.28× | ||
| Q2 24 | — | 0.31× |
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 | — | $-44.9M |
| 自由现金流经营现金流 - 资本支出 | — | $-74.8M |
| 自由现金流率自由现金流/营收 | — | -3.1% |
| 资本支出强度资本支出/营收 | 0.3% | 1.3% |
| 现金转化率经营现金流/净利润 | — | -2.07× |
| 过去12个月自由现金流最近4个季度 | — | $375.1M |
8季度趋势，按日历期对齐
经营现金流HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | $203.0M | $-44.9M | ||
| Q3 25 | $816.0M | $258.7M | ||
| Q2 25 | $658.0M | $257.7M | ||
| Q1 25 | $452.0M | $30.8M | ||
| Q4 24 | $582.0M | $30.7M | ||
| Q3 24 | $664.0M | $338.0M | ||
| Q2 24 | $421.0M | $251.7M |
自由现金流HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | $173.0M | $-74.8M | ||
| Q3 25 | $787.0M | $221.6M | ||
| Q2 25 | $635.0M | $222.5M | ||
| Q1 25 | $433.0M | $5.8M | ||
| Q4 24 | $534.0M | $6.4M | ||
| Q3 24 | $647.0M | $301.3M | ||
| Q2 24 | $406.0M | $225.4M |
自由现金流率HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | -3.1% | ||
| Q3 25 | 25.2% | 8.8% | ||
| Q2 25 | 20.2% | 7.7% | ||
| Q1 25 | 16.1% | 0.3% | ||
| Q4 24 | 19.2% | 0.3% | ||
| Q3 24 | 22.6% | 11.9% | ||
| Q2 24 | 13.8% | 8.0% |
资本支出强度HLTTHO
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.0% | 1.3% | ||
| Q3 25 | 0.9% | 1.5% | ||
| Q2 25 | 0.7% | 1.2% | ||
| Q1 25 | 0.7% | 1.2% | ||
| Q4 24 | 1.7% | 1.1% | ||
| Q3 24 | 0.6% | 1.4% | ||
| Q2 24 | 0.5% | 0.9% |
现金转化率HLTTHO
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | -2.07× | ||
| Q3 25 | 1.94× | 2.06× | ||
| Q2 25 | 1.50× | 1.91× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.93× | 3.76× | ||
| Q2 24 | 1.00× | 2.20× |
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
HLT
暂无分部数据
THO
| Other | $417.1M | 17% |
| Travel Trailers | $403.6M | 17% |
| Motorcaravan | $391.9M | 16% |
| Fifth Wheels Towables | $306.9M | 13% |
| Classc Motorized | $297.2M | 12% |
| Campervan | $188.3M | 8% |
| Classa Motorized | $169.9M | 7% |
| Classb Motorized | $110.0M | 5% |
| Other Rv Related | $70.0M | 3% |
| Caravan | $34.3M | 1% |
