vs
Host Hotels & Resorts（HST）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
Host Hotels & Resorts的季度营收约是摩丁制造的2.0倍（$1.6B vs $805.0M），Host Hotels & Resorts净利率更高（8.4% vs -5.9%，领先14.3%），摩丁制造同比增速更快（30.5% vs 12.3%），Host Hotels & Resorts自由现金流更多（$445.0M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 4.4%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
HST vs MOD — 直观对比
营收规模更大
HST
是对方的2.0倍
$805.0M
营收增速更快
MOD
高出18.3%
12.3%
净利率更高
HST
高出14.3%
-5.9%
自由现金流更多
HST
多$462.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $805.0M |
| 净利润 | $135.0M | $-47.4M |
| 毛利率 | — | 23.1% |
| 营业利润率 | 12.0% | 11.1% |
| 净利率 | 8.4% | -5.9% |
| 营收同比 | 12.3% | 30.5% |
| 净利润同比 | 25.0% | -215.6% |
| 每股收益（稀释后） | $0.20 | $-0.90 |
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HSTMOD
| Q4 25 | $1.6B | $805.0M | ||
| Q3 25 | $1.3B | $738.9M | ||
| Q2 25 | $1.6B | $682.8M | ||
| Q1 25 | $1.6B | $647.2M | ||
| Q4 24 | $1.4B | $616.8M | ||
| Q3 24 | $1.3B | $658.0M | ||
| Q2 24 | $1.5B | $661.5M | ||
| Q1 24 | $1.5B | $603.5M |
净利润HSTMOD
| Q4 25 | $135.0M | $-47.4M | ||
| Q3 25 | $161.0M | $44.4M | ||
| Q2 25 | $221.0M | $51.2M | ||
| Q1 25 | $248.0M | $49.6M | ||
| Q4 24 | $108.0M | $41.0M | ||
| Q3 24 | $82.0M | $46.1M | ||
| Q2 24 | $239.0M | $47.3M | ||
| Q1 24 | $268.0M | $25.8M |
毛利率HSTMOD
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
营业利润率HSTMOD
| Q4 25 | 12.0% | 11.1% | ||
| Q3 25 | 7.6% | 9.9% | ||
| Q2 25 | 17.5% | 11.1% | ||
| Q1 25 | 17.9% | 11.5% | ||
| Q4 24 | 11.0% | 9.6% | ||
| Q3 24 | 10.2% | 11.4% | ||
| Q2 24 | 19.9% | 11.2% | ||
| Q1 24 | 19.8% | 7.8% |
净利率HSTMOD
| Q4 25 | 8.4% | -5.9% | ||
| Q3 25 | 12.1% | 6.0% | ||
| Q2 25 | 13.9% | 7.5% | ||
| Q1 25 | 15.6% | 7.7% | ||
| Q4 24 | 7.6% | 6.6% | ||
| Q3 24 | 6.2% | 7.0% | ||
| Q2 24 | 16.3% | 7.2% | ||
| Q1 24 | 18.2% | 4.3% |
每股收益（稀释后）HSTMOD
| Q4 25 | $0.20 | $-0.90 | ||
| Q3 25 | $0.23 | $0.83 | ||
| Q2 25 | $0.32 | $0.95 | ||
| Q1 25 | $0.35 | $0.92 | ||
| Q4 24 | $0.15 | $0.76 | ||
| Q3 24 | $0.12 | $0.86 | ||
| Q2 24 | $0.34 | $0.88 | ||
| Q1 24 | $0.38 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $1.3B | $570.7M |
| 股东权益账面价值 | $6.6B | $1.1B |
| 总资产 | $13.0B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资HSTMOD
| Q4 25 | $768.0M | $98.7M | ||
| Q3 25 | $539.0M | $83.8M | ||
| Q2 25 | $490.0M | $124.5M | ||
| Q1 25 | $428.0M | $71.6M | ||
| Q4 24 | $554.0M | $83.8M | ||
| Q3 24 | $564.0M | $78.6M | ||
| Q2 24 | $805.0M | $72.9M | ||
| Q1 24 | $1.3B | $60.1M |
总债务HSTMOD
| Q4 25 | $1.3B | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | $896.0M | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
股东权益HSTMOD
| Q4 25 | $6.6B | $1.1B | ||
| Q3 25 | $6.7B | $1.1B | ||
| Q2 25 | $6.6B | $1.0B | ||
| Q1 25 | $6.7B | $910.2M | ||
| Q4 24 | $6.6B | $855.1M | ||
| Q3 24 | $6.7B | $858.8M | ||
| Q2 24 | $6.8B | $788.4M | ||
| Q1 24 | $6.7B | $747.6M |
总资产HSTMOD
| Q4 25 | $13.0B | $2.5B | ||
| Q3 25 | $13.0B | $2.4B | ||
| Q2 25 | $13.0B | $2.2B | ||
| Q1 25 | $12.9B | $1.9B | ||
| Q4 24 | $13.0B | $1.8B | ||
| Q3 24 | $13.1B | $1.9B | ||
| Q2 24 | $12.4B | $1.9B | ||
| Q1 24 | $12.5B | $1.9B |
负债/权益比HSTMOD
| Q4 25 | 0.19× | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | 0.14× | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $-17.1M |
| 自由现金流率自由现金流/营收 | 27.8% | -2.1% |
| 资本支出强度资本支出/营收 | 6.1% | 5.2% |
| 现金转化率经营现金流/净利润 | 4.02× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $-20.3M |
8季度趋势，按日历期对齐
经营现金流HSTMOD
| Q4 25 | $543.0M | $24.7M | ||
| Q3 25 | $218.0M | $1.4M | ||
| Q2 25 | $444.0M | $27.7M | ||
| Q1 25 | $305.0M | $54.8M | ||
| Q4 24 | $331.0M | $60.7M | ||
| Q3 24 | $349.0M | $57.3M | ||
| Q2 24 | $453.0M | $40.5M | ||
| Q1 24 | $365.0M | $39.6M |
自由现金流HSTMOD
| Q4 25 | $445.0M | $-17.1M | ||
| Q3 25 | $143.0M | $-30.5M | ||
| Q2 25 | $381.0M | $200.0K | ||
| Q1 25 | $259.0M | $27.1M | ||
| Q4 24 | $235.0M | $44.7M | ||
| Q3 24 | $262.0M | $43.8M | ||
| Q2 24 | $409.0M | $13.7M | ||
| Q1 24 | $332.0M | $-4.3M |
自由现金流率HSTMOD
| Q4 25 | 27.8% | -2.1% | ||
| Q3 25 | 10.7% | -4.1% | ||
| Q2 25 | 24.0% | 0.0% | ||
| Q1 25 | 16.2% | 4.2% | ||
| Q4 24 | 16.5% | 7.2% | ||
| Q3 24 | 19.9% | 6.7% | ||
| Q2 24 | 27.9% | 2.1% | ||
| Q1 24 | 22.6% | -0.7% |
资本支出强度HSTMOD
| Q4 25 | 6.1% | 5.2% | ||
| Q3 25 | 5.6% | 4.3% | ||
| Q2 25 | 4.0% | 4.0% | ||
| Q1 25 | 2.9% | 4.3% | ||
| Q4 24 | 6.7% | 2.6% | ||
| Q3 24 | 6.6% | 2.1% | ||
| Q2 24 | 3.0% | 4.1% | ||
| Q1 24 | 2.2% | 7.3% |
现金转化率HSTMOD
| Q4 25 | 4.02× | — | ||
| Q3 25 | 1.35× | 0.03× | ||
| Q2 25 | 2.01× | 0.54× | ||
| Q1 25 | 1.23× | 1.10× | ||
| Q4 24 | 3.06× | 1.48× | ||
| Q3 24 | 4.26× | 1.24× | ||
| Q2 24 | 1.90× | 0.86× | ||
| Q1 24 | 1.36× | 1.53× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
