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HNI CORP（HNI）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
HNI CORP的季度营收约是Ryman Hospitality Properties, Inc.的1.0倍（$683.8M vs $664.6M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs 6.0%，领先4.4%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs 1.7%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（4.1% vs 0.3%）
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
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。
HNI vs RHP — 直观对比
营收规模更大
HNI
是对方的1.0倍
$664.6M
营收增速更快
RHP
高出11.4%
1.7%
净利率更高
RHP
高出4.4%
6.0%
两年增速更快
RHP
近两年复合增速
0.3%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $683.8M | $664.6M |
| 净利润 | $41.2M | $69.4M |
| 毛利率 | 42.1% | — |
| 营业利润率 | 9.4% | 20.7% |
| 净利率 | 6.0% | 10.4% |
| 营收同比 | 1.7% | 13.2% |
| 净利润同比 | -13.3% | 10.1% |
| 每股收益（稀释后） | $0.88 | $1.03 |
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HNIRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | — | $737.8M | ||
| Q3 25 | $683.8M | $592.5M | ||
| Q2 25 | $667.1M | $659.5M | ||
| Q1 25 | $599.8M | $587.3M | ||
| Q4 24 | $642.5M | $647.6M | ||
| Q3 24 | $672.2M | $550.0M | ||
| Q2 24 | $623.7M | $613.3M |
净利润HNIRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | — | $74.5M | ||
| Q3 25 | $41.2M | $34.9M | ||
| Q2 25 | $48.2M | $71.8M | ||
| Q1 25 | $13.9M | $63.0M | ||
| Q4 24 | $38.3M | $72.3M | ||
| Q3 24 | $47.5M | $59.0M | ||
| Q2 24 | $36.0M | $100.8M |
毛利率HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 41.4% | ||
| Q3 25 | 42.1% | 40.9% | ||
| Q2 25 | 42.9% | 49.7% | ||
| Q1 25 | 39.7% | 44.4% | ||
| Q4 24 | 40.5% | 40.4% | ||
| Q3 24 | 41.5% | 43.1% | ||
| Q2 24 | 41.9% | 48.4% |
营业利润率HNIRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | — | 19.4% | ||
| Q3 25 | 9.4% | 15.0% | ||
| Q2 25 | 10.2% | 21.1% | ||
| Q1 25 | 4.1% | 19.8% | ||
| Q4 24 | 8.5% | 18.6% | ||
| Q3 24 | 10.2% | 19.3% | ||
| Q2 24 | 8.6% | 27.4% |
净利率HNIRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | — | 10.1% | ||
| Q3 25 | 6.0% | 5.9% | ||
| Q2 25 | 7.2% | 10.9% | ||
| Q1 25 | 2.3% | 10.7% | ||
| Q4 24 | 6.0% | 11.2% | ||
| Q3 24 | 7.1% | 10.7% | ||
| Q2 24 | 5.8% | 16.4% |
每股收益（稀释后）HNIRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | — | $1.12 | ||
| Q3 25 | $0.88 | $0.53 | ||
| Q2 25 | $1.02 | $1.12 | ||
| Q1 25 | $0.29 | $1.00 | ||
| Q4 24 | $0.78 | $1.12 | ||
| Q3 24 | $0.98 | $0.94 | ||
| Q2 24 | $0.75 | $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 | $28.1M | — |
| 总债务越低越好 | $324.2M | — |
| 股东权益账面价值 | $835.9M | $770.8M |
| 总资产 | $1.8B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.39× | — |
8季度趋势，按日历期对齐
现金及短期投资HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | $28.1M | $483.3M | ||
| Q2 25 | $38.2M | $420.6M | ||
| Q1 25 | $27.5M | $413.9M | ||
| Q4 24 | $28.9M | $477.7M | ||
| Q3 24 | $40.2M | $534.9M | ||
| Q2 24 | $33.5M | $498.4M |
总债务HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $324.2M | — | ||
| Q2 25 | $444.4M | — | ||
| Q1 25 | $404.7M | — | ||
| Q4 24 | $344.6M | — | ||
| Q3 24 | $345.4M | — | ||
| Q2 24 | $462.3M | — |
股东权益HNIRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | — | $750.2M | ||
| Q3 25 | $835.9M | $758.5M | ||
| Q2 25 | $811.0M | $800.4M | ||
| Q1 25 | $803.6M | $531.5M | ||
| Q4 24 | $840.1M | $549.0M | ||
| Q3 24 | $846.6M | $551.9M | ||
| Q2 24 | $787.8M | $562.6M |
总资产HNIRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $1.8B | $6.2B | ||
| Q2 25 | $1.9B | $6.1B | ||
| Q1 25 | $1.9B | $5.2B | ||
| Q4 24 | $1.9B | $5.2B | ||
| Q3 24 | $1.9B | $5.2B | ||
| Q2 24 | $1.9B | $5.1B |
负债/权益比HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | 0.50× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.41× | — | ||
| Q2 24 | 0.59× | — |
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 | $155.2M | — |
| 自由现金流经营现金流 - 资本支出 | $135.6M | — |
| 自由现金流率自由现金流/营收 | 19.8% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | 3.77× | — |
| 过去12个月自由现金流最近4个季度 | $189.5M | — |
8季度趋势，按日历期对齐
经营现金流HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $164.7M | ||
| Q3 25 | $155.2M | $205.2M | ||
| Q2 25 | $31.1M | $122.5M | ||
| Q1 25 | $12.6M | $98.2M | ||
| Q4 24 | $51.2M | $166.6M | ||
| Q3 24 | $128.5M | $218.1M | ||
| Q2 24 | $51.3M | $184.3M |
自由现金流HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $58.5M | ||
| Q3 25 | $135.6M | $135.4M | ||
| Q2 25 | $16.1M | $53.0M | ||
| Q1 25 | $-3.7M | $-14.5M | ||
| Q4 24 | $41.5M | $76.0M | ||
| Q3 24 | $114.0M | $85.7M | ||
| Q2 24 | $33.8M | $78.8M |
自由现金流率HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | 19.8% | 22.9% | ||
| Q2 25 | 2.4% | 8.0% | ||
| Q1 25 | -0.6% | -2.5% | ||
| Q4 24 | 6.5% | 11.7% | ||
| Q3 24 | 17.0% | 15.6% | ||
| Q2 24 | 5.4% | 12.9% |
资本支出强度HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | 2.9% | 11.8% | ||
| Q2 25 | 2.2% | 10.5% | ||
| Q1 25 | 2.7% | 19.2% | ||
| Q4 24 | 1.5% | 14.0% | ||
| Q3 24 | 2.2% | 24.1% | ||
| Q2 24 | 2.8% | 17.2% |
现金转化率HNIRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | 3.77× | 5.88× | ||
| Q2 25 | 0.65× | 1.71× | ||
| Q1 25 | 0.91× | 1.56× | ||
| Q4 24 | 1.34× | 2.30× | ||
| Q3 24 | 2.71× | 3.70× | ||
| Q2 24 | 1.43× | 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
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
