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HOVNANIAN ENTERPRISES INC（HOV）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
HOVNANIAN ENTERPRISES INC的季度营收约是Ryman Hospitality Properties, Inc.的1.1倍（$817.9M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -0.1%，领先10.2%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -16.5%），HOVNANIAN ENTERPRISES INC自由现金流更多（$164.0M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 17.3%）
霍夫纳尼安企业是美国知名房地产企业，业务覆盖住宅开发全流程，包含设计、建造与销售，产品线丰富，不仅开发独立独栋住宅，也开发联排别墅、公寓以及养老住宅等高密度居住物业。
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。
HOV vs RHP — 直观对比
营收规模更大
HOV
是对方的1.1倍
$737.8M
营收增速更快
RHP
高出30.4%
-16.5%
净利率更高
RHP
高出10.2%
-0.1%
自由现金流更多
HOV
多$105.5M
$58.5M
两年增速更快
RHP
近两年复合增速
17.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $817.9M | $737.8M |
| 净利润 | $-667.0K | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | -0.5% | 19.4% |
| 净利率 | -0.1% | 10.1% |
| 营收同比 | -16.5% | 13.9% |
| 净利润同比 | -100.7% | 3.0% |
| 每股收益（稀释后） | $-0.57 | $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HOVRHP
| Q4 25 | $817.9M | $737.8M | ||
| Q3 25 | $800.6M | $592.5M | ||
| Q2 25 | $686.5M | $659.5M | ||
| Q1 25 | $673.6M | $587.3M | ||
| Q4 24 | $979.6M | $647.6M | ||
| Q3 24 | $722.7M | $550.0M | ||
| Q2 24 | $708.4M | $613.3M | ||
| Q1 24 | $594.2M | $528.3M |
净利润HOVRHP
| Q4 25 | $-667.0K | $74.5M | ||
| Q3 25 | $16.6M | $34.9M | ||
| Q2 25 | $19.7M | $71.8M | ||
| Q1 25 | $28.2M | $63.0M | ||
| Q4 24 | $94.3M | $72.3M | ||
| Q3 24 | $72.9M | $59.0M | ||
| Q2 24 | $50.8M | $100.8M | ||
| Q1 24 | $23.9M | $42.8M |
毛利率HOVRHP
| 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% |
营业利润率HOVRHP
| Q4 25 | -0.5% | 19.4% | ||
| Q3 25 | 3.0% | 15.0% | ||
| Q2 25 | 3.9% | 21.1% | ||
| Q1 25 | 5.9% | 19.8% | ||
| Q4 24 | 12.0% | 18.6% | ||
| Q3 24 | 13.5% | 19.3% | ||
| Q2 24 | 9.8% | 27.4% | ||
| Q1 24 | 5.5% | 18.2% |
净利率HOVRHP
| Q4 25 | -0.1% | 10.1% | ||
| Q3 25 | 2.1% | 5.9% | ||
| Q2 25 | 2.9% | 10.9% | ||
| Q1 25 | 4.2% | 10.7% | ||
| Q4 24 | 9.6% | 11.2% | ||
| Q3 24 | 10.1% | 10.7% | ||
| Q2 24 | 7.2% | 16.4% | ||
| Q1 24 | 4.0% | 8.1% |
每股收益（稀释后）HOVRHP
| Q4 25 | $-0.57 | $1.12 | ||
| Q3 25 | $1.99 | $0.53 | ||
| Q2 25 | $2.43 | $1.12 | ||
| Q1 25 | $3.58 | $1.00 | ||
| Q4 24 | $12.47 | $1.12 | ||
| Q3 24 | $9.75 | $0.94 | ||
| Q2 24 | $6.66 | $1.65 | ||
| Q1 24 | $2.91 | $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 | — | $471.4M |
| 总债务越低越好 | $900.7M | — |
| 股东权益账面价值 | $830.9M | $750.2M |
| 总资产 | $2.6B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.08× | — |
8季度趋势，按日历期对齐
现金及短期投资HOVRHP
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $483.3M | ||
| Q2 25 | — | $420.6M | ||
| Q1 25 | — | $413.9M | ||
| Q4 24 | — | $477.7M | ||
| Q3 24 | — | $534.9M | ||
| Q2 24 | — | $498.4M | ||
| Q1 24 | — | $465.3M |
总债务HOVRHP
| Q4 25 | $900.7M | — | ||
| Q3 25 | $861.9M | — | ||
| Q2 25 | $864.3M | — | ||
| Q1 25 | $893.7M | — | ||
| Q4 24 | $896.2M | — | ||
| Q3 24 | $898.7M | — | ||
| Q2 24 | $933.0M | — | ||
| Q1 24 | $934.6M | — |
股东权益HOVRHP
| Q4 25 | $830.9M | $750.2M | ||
| Q3 25 | $835.4M | $758.5M | ||
| Q2 25 | $820.4M | $800.4M | ||
| Q1 25 | $811.4M | $531.5M | ||
| Q4 24 | $800.3M | $549.0M | ||
| Q3 24 | $703.4M | $551.9M | ||
| Q2 24 | $647.0M | $562.6M | ||
| Q1 24 | $607.1M | $529.9M |
总资产HOVRHP
| Q4 25 | $2.6B | $6.2B | ||
| Q3 25 | $2.6B | $6.2B | ||
| Q2 25 | $2.6B | $6.1B | ||
| Q1 25 | $2.5B | $5.2B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $2.5B | $5.2B | ||
| Q2 24 | $2.3B | $5.1B | ||
| Q1 24 | $2.3B | $5.1B |
负债/权益比HOVRHP
| Q4 25 | 1.08× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.28× | — | ||
| Q2 24 | 1.44× | — | ||
| Q1 24 | 1.54× | — |
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 | $169.1M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $164.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 20.0% | 7.9% |
| 资本支出强度资本支出/营收 | 0.6% | 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 | $166.2M | $232.4M |
8季度趋势，按日历期对齐
经营现金流HOVRHP
| Q4 25 | $169.1M | $164.7M | ||
| Q3 25 | $52.8M | $205.2M | ||
| Q2 25 | $22.3M | $122.5M | ||
| Q1 25 | $-55.9M | $98.2M | ||
| Q4 24 | $115.8M | $166.6M | ||
| Q3 24 | $-92.3M | $218.1M | ||
| Q2 24 | $89.1M | $184.3M | ||
| Q1 24 | $-89.0M | $7.5M |
自由现金流HOVRHP
| Q4 25 | $164.0M | $58.5M | ||
| Q3 25 | $45.8M | $135.4M | ||
| Q2 25 | $16.0M | $53.0M | ||
| Q1 25 | $-59.6M | $-14.5M | ||
| Q4 24 | $111.4M | $76.0M | ||
| Q3 24 | $-95.8M | $85.7M | ||
| Q2 24 | $84.7M | $78.8M | ||
| Q1 24 | $-94.4M | $-72.0M |
自由现金流率HOVRHP
| Q4 25 | 20.0% | 7.9% | ||
| Q3 25 | 5.7% | 22.9% | ||
| Q2 25 | 2.3% | 8.0% | ||
| Q1 25 | -8.8% | -2.5% | ||
| Q4 24 | 11.4% | 11.7% | ||
| Q3 24 | -13.3% | 15.6% | ||
| Q2 24 | 12.0% | 12.9% | ||
| Q1 24 | -15.9% | -13.6% |
资本支出强度HOVRHP
| Q4 25 | 0.6% | 14.4% | ||
| Q3 25 | 0.9% | 11.8% | ||
| Q2 25 | 0.9% | 10.5% | ||
| Q1 25 | 0.5% | 19.2% | ||
| Q4 24 | 0.5% | 14.0% | ||
| Q3 24 | 0.5% | 24.1% | ||
| Q2 24 | 0.6% | 17.2% | ||
| Q1 24 | 0.9% | 15.0% |
现金转化率HOVRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | 3.18× | 5.88× | ||
| Q2 25 | 1.13× | 1.71× | ||
| Q1 25 | -1.98× | 1.56× | ||
| Q4 24 | 1.23× | 2.30× | ||
| Q3 24 | -1.27× | 3.70× | ||
| Q2 24 | 1.75× | 1.83× | ||
| Q1 24 | -3.72× | 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
HOV
| Home Building | $789.8M | 97% |
| Financial Services | $28.1M | 3% |
| Management Fees | $7.1M | 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% |
