vs
Host Hotels & Resorts（HST）与Realty Income（O）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Realty Income的1.1倍（$1.6B vs $1.5B），Realty Income净利率更高（19.9% vs 8.4%，领先11.5%），Host Hotels & Resorts同比增速更快（12.3% vs 11.0%），Realty Income自由现金流更多（$1.2B vs $445.0M），过去两年Realty Income的营收复合增速更高（8.6% 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。
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
HST vs O — 直观对比
营收规模更大
HST
是对方的1.1倍
$1.5B
营收增速更快
HST
高出1.2%
11.0%
净利率更高
O
高出11.5%
8.4%
自由现金流更多
O
多$709.0M
$445.0M
两年增速更快
O
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.5B |
| 净利润 | $135.0M | $296.1M |
| 毛利率 | — | — |
| 营业利润率 | 12.0% | 21.7% |
| 净利率 | 8.4% | 19.9% |
| 营收同比 | 12.3% | 11.0% |
| 净利润同比 | 25.0% | 48.3% |
| 每股收益（稀释后） | $0.20 | $0.32 |
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HSTO
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
净利润HSTO
| Q4 25 | $135.0M | $296.1M | ||
| Q3 25 | $161.0M | $315.8M | ||
| Q2 25 | $221.0M | $196.9M | ||
| Q1 25 | $248.0M | $249.8M | ||
| Q4 24 | $108.0M | $199.6M | ||
| Q3 24 | $82.0M | $269.5M | ||
| Q2 24 | $239.0M | $259.4M | ||
| Q1 24 | $268.0M | $132.3M |
营业利润率HSTO
| Q4 25 | 12.0% | 21.7% | ||
| Q3 25 | 7.6% | 23.2% | ||
| Q2 25 | 17.5% | 15.8% | ||
| Q1 25 | 17.9% | 19.3% | ||
| Q4 24 | 11.0% | 16.5% | ||
| Q3 24 | 10.2% | 21.5% | ||
| Q2 24 | 19.9% | 20.7% | ||
| Q1 24 | 19.8% | 11.9% |
净利率HSTO
| Q4 25 | 8.4% | 19.9% | ||
| Q3 25 | 12.1% | 21.5% | ||
| Q2 25 | 13.9% | 14.0% | ||
| Q1 25 | 15.6% | 18.1% | ||
| Q4 24 | 7.6% | 14.9% | ||
| Q3 24 | 6.2% | 20.2% | ||
| Q2 24 | 16.3% | 19.4% | ||
| Q1 24 | 18.2% | 10.5% |
每股收益（稀释后）HSTO
| Q4 25 | $0.20 | $0.32 | ||
| Q3 25 | $0.23 | $0.35 | ||
| Q2 25 | $0.32 | $0.22 | ||
| Q1 25 | $0.35 | $0.28 | ||
| Q4 24 | $0.15 | $0.23 | ||
| Q3 24 | $0.12 | $0.30 | ||
| Q2 24 | $0.34 | $0.29 | ||
| Q1 24 | $0.38 | $0.16 |
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 | $434.8M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $6.6B | $39.4B |
| 总资产 | $13.0B | $72.8B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资HSTO
| Q4 25 | $768.0M | $434.8M | ||
| Q3 25 | $539.0M | $417.2M | ||
| Q2 25 | $490.0M | $800.4M | ||
| Q1 25 | $428.0M | $319.0M | ||
| Q4 24 | $554.0M | $445.0M | ||
| Q3 24 | $564.0M | $397.0M | ||
| Q2 24 | $805.0M | $442.8M | ||
| Q1 24 | $1.3B | $680.2M |
总债务HSTO
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $896.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HSTO
| Q4 25 | $6.6B | $39.4B | ||
| Q3 25 | $6.7B | $39.1B | ||
| Q2 25 | $6.6B | $39.2B | ||
| Q1 25 | $6.7B | $39.0B | ||
| Q4 24 | $6.6B | $38.8B | ||
| Q3 24 | $6.7B | $38.5B | ||
| Q2 24 | $6.8B | $38.6B | ||
| Q1 24 | $6.7B | $39.0B |
总资产HSTO
| Q4 25 | $13.0B | $72.8B | ||
| Q3 25 | $13.0B | $71.3B | ||
| Q2 25 | $13.0B | $71.4B | ||
| Q1 25 | $12.9B | $69.8B | ||
| Q4 24 | $13.0B | $68.8B | ||
| Q3 24 | $13.1B | $68.5B | ||
| Q2 24 | $12.4B | $68.1B | ||
| Q1 24 | $12.5B | $68.3B |
负债/权益比HSTO
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $1.2B |
| 自由现金流率自由现金流/营收 | 27.8% | 77.6% |
| 资本支出强度资本支出/营收 | 6.1% | 3.3% |
| 现金转化率经营现金流/净利润 | 4.02× | 4.06× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $3.9B |
8季度趋势，按日历期对齐
经营现金流HSTO
| Q4 25 | $543.0M | $1.2B | ||
| Q3 25 | $218.0M | $943.1M | ||
| Q2 25 | $444.0M | $1.1B | ||
| Q1 25 | $305.0M | $787.5M | ||
| Q4 24 | $331.0M | $972.0M | ||
| Q3 24 | $349.0M | $841.5M | ||
| Q2 24 | $453.0M | $981.2M | ||
| Q1 24 | $365.0M | $778.7M |
自由现金流HSTO
| Q4 25 | $445.0M | $1.2B | ||
| Q3 25 | $143.0M | $909.9M | ||
| Q2 25 | $381.0M | $1.0B | ||
| Q1 25 | $259.0M | $764.6M | ||
| Q4 24 | $235.0M | $935.8M | ||
| Q3 24 | $262.0M | $807.9M | ||
| Q2 24 | $409.0M | $939.2M | ||
| Q1 24 | $332.0M | $769.0M |
自由现金流率HSTO
| Q4 25 | 27.8% | 77.6% | ||
| Q3 25 | 10.7% | 61.9% | ||
| Q2 25 | 24.0% | 73.3% | ||
| Q1 25 | 16.2% | 55.4% | ||
| Q4 24 | 16.5% | 69.8% | ||
| Q3 24 | 19.9% | 60.7% | ||
| Q2 24 | 27.9% | 70.1% | ||
| Q1 24 | 22.6% | 61.0% |
资本支出强度HSTO
| Q4 25 | 6.1% | 3.3% | ||
| Q3 25 | 5.6% | 2.3% | ||
| Q2 25 | 4.0% | 1.9% | ||
| Q1 25 | 2.9% | 1.7% | ||
| Q4 24 | 6.7% | 2.7% | ||
| Q3 24 | 6.6% | 2.5% | ||
| Q2 24 | 3.0% | 3.1% | ||
| Q1 24 | 2.2% | 0.8% |
现金转化率HSTO
| Q4 25 | 4.02× | 4.06× | ||
| Q3 25 | 1.35× | 2.99× | ||
| Q2 25 | 2.01× | 5.39× | ||
| Q1 25 | 1.23× | 3.15× | ||
| Q4 24 | 3.06× | 4.87× | ||
| Q3 24 | 4.26× | 3.12× | ||
| Q2 24 | 1.90× | 3.78× | ||
| Q1 24 | 1.36× | 5.89× |
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
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
