vs
Host Hotels & Resorts（HST）与蓝威斯顿（LW）财务数据对比。点击上方公司名可切换其他公司
Host Hotels & Resorts的季度营收约是蓝威斯顿的1.0倍（$1.6B vs $1.6B），Host Hotels & Resorts净利率更高（8.4% vs 3.5%，领先5.0%），Host Hotels & Resorts同比增速更快（12.3% vs 2.9%），Host Hotels & Resorts自由现金流更多（$445.0M vs $-36.3M），过去两年Host Hotels & Resorts的营收复合增速更高（4.4% vs -1.5%）
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
蓝威斯顿控股是美国食品加工企业，为全球规模最大的冷冻薯条、华夫薯条及其他冷冻马铃薯制品的生产商与加工商之一，总部坐落于爱达荷州博伊西市郊的伊格尔市。
HST vs LW — 直观对比
营收规模更大
HST
是对方的1.0倍
$1.6B
营收增速更快
HST
高出9.3%
2.9%
净利率更高
HST
高出5.0%
3.5%
自由现金流更多
HST
多$481.3M
$-36.3M
两年增速更快
HST
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.6B |
| 净利润 | $135.0M | $54.0M |
| 毛利率 | — | 21.2% |
| 营业利润率 | 12.0% | 8.1% |
| 净利率 | 8.4% | 3.5% |
| 营收同比 | 12.3% | 2.9% |
| 净利润同比 | 25.0% | -63.0% |
| 每股收益（稀释后） | $0.20 | $0.39 |
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HSTLW
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.3B | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.5B | $1.6B |
净利润HSTLW
| Q1 26 | — | $54.0M | ||
| Q4 25 | $135.0M | $62.1M | ||
| Q3 25 | $161.0M | $64.3M | ||
| Q2 25 | $221.0M | $119.9M | ||
| Q1 25 | $248.0M | $146.0M | ||
| Q4 24 | $108.0M | $-36.1M | ||
| Q3 24 | $82.0M | $127.4M | ||
| Q2 24 | $239.0M | $129.6M |
毛利率HSTLW
| Q1 26 | — | 21.2% | ||
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | 20.6% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 27.8% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | 24.1% |
营业利润率HSTLW
| Q1 26 | — | 8.1% | ||
| Q4 25 | 12.0% | 8.6% | ||
| Q3 25 | 7.6% | 9.4% | ||
| Q2 25 | 17.5% | 11.1% | ||
| Q1 25 | 17.9% | 16.4% | ||
| Q4 24 | 11.0% | 1.2% | ||
| Q3 24 | 10.2% | 12.8% | ||
| Q2 24 | 19.9% | 13.2% |
净利率HSTLW
| Q1 26 | — | 3.5% | ||
| Q4 25 | 8.4% | 3.8% | ||
| Q3 25 | 12.1% | 3.9% | ||
| Q2 25 | 13.9% | 7.2% | ||
| Q1 25 | 15.6% | 9.6% | ||
| Q4 24 | 7.6% | -2.3% | ||
| Q3 24 | 6.2% | 7.7% | ||
| Q2 24 | 16.3% | 8.0% |
每股收益（稀释后）HSTLW
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.20 | $0.44 | ||
| Q3 25 | $0.23 | $0.46 | ||
| Q2 25 | $0.32 | $0.84 | ||
| Q1 25 | $0.35 | $1.03 | ||
| Q4 24 | $0.15 | $-0.25 | ||
| Q3 24 | $0.12 | $0.88 | ||
| Q2 24 | $0.34 | $0.89 |
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 | $768.0M | $57.5M |
| 总债务越低越好 | $1.3B | $3.6B |
| 股东权益账面价值 | $6.6B | $1.8B |
| 总资产 | $13.0B | $7.4B |
| 负债/权益比越低杠杆越低 | 0.19× | 1.99× |
8季度趋势，按日历期对齐
现金及短期投资HSTLW
| Q1 26 | — | $57.5M | ||
| Q4 25 | $768.0M | $82.7M | ||
| Q3 25 | $539.0M | $98.6M | ||
| Q2 25 | $490.0M | $70.7M | ||
| Q1 25 | $428.0M | $67.5M | ||
| Q4 24 | $554.0M | $79.0M | ||
| Q3 24 | $564.0M | $120.8M | ||
| Q2 24 | $805.0M | $71.4M |
总债务HSTLW
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.3B | $3.6B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.7B | ||
| Q4 24 | $896.0M | $3.7B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B |
股东权益HSTLW
| Q1 26 | — | $1.8B | ||
| Q4 25 | $6.6B | $1.8B | ||
| Q3 25 | $6.7B | $1.8B | ||
| Q2 25 | $6.6B | $1.7B | ||
| Q1 25 | $6.7B | $1.6B | ||
| Q4 24 | $6.6B | $1.6B | ||
| Q3 24 | $6.7B | $1.8B | ||
| Q2 24 | $6.8B | $1.8B |
总资产HSTLW
| Q1 26 | — | $7.4B | ||
| Q4 25 | $13.0B | $7.3B | ||
| Q3 25 | $13.0B | $7.2B | ||
| Q2 25 | $13.0B | $7.4B | ||
| Q1 25 | $12.9B | $7.4B | ||
| Q4 24 | $13.0B | $7.5B | ||
| Q3 24 | $13.1B | $7.5B | ||
| Q2 24 | $12.4B | $7.4B |
负债/权益比HSTLW
| Q1 26 | — | 1.99× | ||
| Q4 25 | 0.19× | 2.08× | ||
| Q3 25 | — | 2.05× | ||
| Q2 25 | — | 2.12× | ||
| Q1 25 | — | 2.25× | ||
| Q4 24 | 0.14× | 2.26× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.92× |
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 | $543.0M | $65.2M |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $-36.3M |
| 自由现金流率自由现金流/营收 | 27.8% | -2.3% |
| 资本支出强度资本支出/营收 | 6.1% | 6.5% |
| 现金转化率经营现金流/净利润 | 4.02× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $569.2M |
8季度趋势，按日历期对齐
经营现金流HSTLW
| Q1 26 | — | $65.2M | ||
| Q4 25 | $543.0M | $178.4M | ||
| Q3 25 | $218.0M | $352.0M | ||
| Q2 25 | $444.0M | $868.3M | ||
| Q1 25 | $305.0M | $56.0M | ||
| Q4 24 | $331.0M | $99.1M | ||
| Q3 24 | $349.0M | $330.2M | ||
| Q2 24 | $453.0M | $798.2M |
自由现金流HSTLW
| Q1 26 | — | $-36.3M | ||
| Q4 25 | $445.0M | $101.0M | ||
| Q3 25 | $143.0M | $274.4M | ||
| Q2 25 | $381.0M | $230.1M | ||
| Q1 25 | $259.0M | $-19.8M | ||
| Q4 24 | $235.0M | $-49.6M | ||
| Q3 24 | $262.0M | $4.3M | ||
| Q2 24 | $409.0M | $-131.3M |
自由现金流率HSTLW
| Q1 26 | — | -2.3% | ||
| Q4 25 | 27.8% | 6.2% | ||
| Q3 25 | 10.7% | 16.5% | ||
| Q2 25 | 24.0% | 13.7% | ||
| Q1 25 | 16.2% | -1.3% | ||
| Q4 24 | 16.5% | -3.1% | ||
| Q3 24 | 19.9% | 0.3% | ||
| Q2 24 | 27.9% | -8.1% |
资本支出强度HSTLW
| Q1 26 | — | 6.5% | ||
| Q4 25 | 6.1% | 4.8% | ||
| Q3 25 | 5.6% | 4.7% | ||
| Q2 25 | 4.0% | 38.1% | ||
| Q1 25 | 2.9% | 5.0% | ||
| Q4 24 | 6.7% | 9.3% | ||
| Q3 24 | 6.6% | 19.7% | ||
| Q2 24 | 3.0% | 57.7% |
现金转化率HSTLW
| Q1 26 | — | 1.21× | ||
| Q4 25 | 4.02× | 2.87× | ||
| Q3 25 | 1.35× | 5.47× | ||
| Q2 25 | 2.01× | 7.24× | ||
| Q1 25 | 1.23× | 0.38× | ||
| Q4 24 | 3.06× | — | ||
| Q3 24 | 4.26× | 2.59× | ||
| Q2 24 | 1.90× | 6.16× |
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
HST
暂无分部数据
LW
| Segments North America | $1.0B | 66% |
| Segments International | $529.8M | 34% |
