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Host Hotels & Resorts（HST）与利氏兄弟拍卖行（RBA）财务数据对比。点击上方公司名可切换其他公司
Host Hotels & Resorts的季度营收约是利氏兄弟拍卖行的1.3倍（$1.6B vs $1.2B），利氏兄弟拍卖行净利率更高（9.1% vs 8.4%，领先0.7%），Host Hotels & Resorts同比增速更快（12.3% vs 5.4%），Host Hotels & Resorts自由现金流更多（$445.0M vs $186.5M），过去两年利氏兄弟拍卖行的营收复合增速更高（6.3% 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。
利氏兄弟拍卖行（股票代码RBA）是全球知名的工业资产拍卖服务商，注册地位于加拿大，属公开上市企业，总部设在美国伊利诺伊州韦斯特切斯特，普通股同时在多伦多证券交易所与纽约证券交易所挂牌交易。
HST vs RBA — 直观对比
营收规模更大
HST
是对方的1.3倍
$1.2B
营收增速更快
HST
高出6.8%
5.4%
净利率更高
RBA
高出0.7%
8.4%
自由现金流更多
HST
多$258.5M
$186.5M
两年增速更快
RBA
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.2B |
| 净利润 | $135.0M | $109.7M |
| 毛利率 | — | — |
| 营业利润率 | 12.0% | 14.7% |
| 净利率 | 8.4% | 9.1% |
| 营收同比 | 12.3% | 5.4% |
| 净利润同比 | 25.0% | -7.4% |
| 每股收益（稀释后） | $0.20 | $0.53 |
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HSTRBA
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $981.8M | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
净利润HSTRBA
| Q4 25 | $135.0M | $109.7M | ||
| Q3 25 | $161.0M | $95.5M | ||
| Q2 25 | $221.0M | $109.8M | ||
| Q1 25 | $248.0M | $113.4M | ||
| Q4 24 | $108.0M | $118.5M | ||
| Q3 24 | $82.0M | $76.1M | ||
| Q2 24 | $239.0M | $111.1M | ||
| Q1 24 | $268.0M | $107.4M |
营业利润率HSTRBA
| Q4 25 | 12.0% | 14.7% | ||
| Q3 25 | 7.6% | 14.5% | ||
| Q2 25 | 17.5% | 15.9% | ||
| Q1 25 | 17.9% | 17.1% | ||
| Q4 24 | 11.0% | 18.1% | ||
| Q3 24 | 10.2% | 15.6% | ||
| Q2 24 | 19.9% | 18.4% | ||
| Q1 24 | 19.8% | 18.7% |
净利率HSTRBA
| Q4 25 | 8.4% | 9.1% | ||
| Q3 25 | 12.1% | 8.7% | ||
| Q2 25 | 13.9% | 9.3% | ||
| Q1 25 | 15.6% | 10.2% | ||
| Q4 24 | 7.6% | 10.4% | ||
| Q3 24 | 6.2% | 7.8% | ||
| Q2 24 | 16.3% | 10.1% | ||
| Q1 24 | 18.2% | 10.1% |
每股收益（稀释后）HSTRBA
| Q4 25 | $0.20 | $0.53 | ||
| Q3 25 | $0.23 | $0.43 | ||
| Q2 25 | $0.32 | $0.53 | ||
| Q1 25 | $0.35 | $0.55 | ||
| Q4 24 | $0.15 | $0.58 | ||
| Q3 24 | $0.12 | $0.36 | ||
| Q2 24 | $0.34 | $0.54 | ||
| Q1 24 | $0.38 | $0.53 |
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 | $531.5M |
| 总债务越低越好 | $1.3B | $2.3B |
| 股东权益账面价值 | $6.6B | $5.6B |
| 总资产 | $13.0B | $12.1B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资HSTRBA
| Q4 25 | $768.0M | $531.5M | ||
| Q3 25 | $539.0M | $674.7M | ||
| Q2 25 | $490.0M | $710.2M | ||
| Q1 25 | $428.0M | $578.1M | ||
| Q4 24 | $554.0M | $533.9M | ||
| Q3 24 | $564.0M | $650.7M | ||
| Q2 24 | $805.0M | $599.5M | ||
| Q1 24 | $1.3B | $462.8M |
总债务HSTRBA
| Q4 25 | $1.3B | $2.3B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $896.0M | $2.6B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $2.9B |
股东权益HSTRBA
| Q4 25 | $6.6B | $5.6B | ||
| Q3 25 | $6.7B | $5.5B | ||
| Q2 25 | $6.6B | $5.5B | ||
| Q1 25 | $6.7B | $5.3B | ||
| Q4 24 | $6.6B | $5.2B | ||
| Q3 24 | $6.7B | $5.2B | ||
| Q2 24 | $6.8B | $5.2B | ||
| Q1 24 | $6.7B | $5.1B |
总资产HSTRBA
| Q4 25 | $13.0B | $12.1B | ||
| Q3 25 | $13.0B | $12.2B | ||
| Q2 25 | $13.0B | $12.2B | ||
| Q1 25 | $12.9B | $11.9B | ||
| Q4 24 | $13.0B | $11.8B | ||
| Q3 24 | $13.1B | $11.9B | ||
| Q2 24 | $12.4B | $12.1B | ||
| Q1 24 | $12.5B | $12.0B |
负债/权益比HSTRBA
| Q4 25 | 0.19× | 0.42× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | 0.14× | 0.50× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.58× |
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 | $255.2M |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $186.5M |
| 自由现金流率自由现金流/营收 | 27.8% | 15.5% |
| 资本支出强度资本支出/营收 | 6.1% | 5.7% |
| 现金转化率经营现金流/净利润 | 4.02× | 2.33× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $719.2M |
8季度趋势，按日历期对齐
经营现金流HSTRBA
| Q4 25 | $543.0M | $255.2M | ||
| Q3 25 | $218.0M | $239.7M | ||
| Q2 25 | $444.0M | $326.5M | ||
| Q1 25 | $305.0M | $156.8M | ||
| Q4 24 | $331.0M | $184.5M | ||
| Q3 24 | $349.0M | $285.4M | ||
| Q2 24 | $453.0M | $337.3M | ||
| Q1 24 | $365.0M | $124.8M |
自由现金流HSTRBA
| Q4 25 | $445.0M | $186.5M | ||
| Q3 25 | $143.0M | $188.5M | ||
| Q2 25 | $381.0M | $241.7M | ||
| Q1 25 | $259.0M | $102.5M | ||
| Q4 24 | $235.0M | $127.9M | ||
| Q3 24 | $262.0M | $248.5M | ||
| Q2 24 | $409.0M | $308.6M | ||
| Q1 24 | $332.0M | $79.6M |
自由现金流率HSTRBA
| Q4 25 | 27.8% | 15.5% | ||
| Q3 25 | 10.7% | 17.3% | ||
| Q2 25 | 24.0% | 20.4% | ||
| Q1 25 | 16.2% | 9.2% | ||
| Q4 24 | 16.5% | 11.2% | ||
| Q3 24 | 19.9% | 25.3% | ||
| Q2 24 | 27.9% | 28.2% | ||
| Q1 24 | 22.6% | 7.5% |
资本支出强度HSTRBA
| Q4 25 | 6.1% | 5.7% | ||
| Q3 25 | 5.6% | 4.7% | ||
| Q2 25 | 4.0% | 7.2% | ||
| Q1 25 | 2.9% | 4.9% | ||
| Q4 24 | 6.7% | 5.0% | ||
| Q3 24 | 6.6% | 3.8% | ||
| Q2 24 | 3.0% | 2.6% | ||
| Q1 24 | 2.2% | 4.2% |
现金转化率HSTRBA
| Q4 25 | 4.02× | 2.33× | ||
| Q3 25 | 1.35× | 2.51× | ||
| Q2 25 | 2.01× | 2.97× | ||
| Q1 25 | 1.23× | 1.38× | ||
| Q4 24 | 3.06× | 1.56× | ||
| Q3 24 | 4.26× | 3.75× | ||
| Q2 24 | 1.90× | 3.04× | ||
| Q1 24 | 1.36× | 1.16× |
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
RBA
| Buyer Revenue | $577.2M | 48% |
| Seller Revenue | $255.2M | 21% |
| CA | $199.0M | 17% |
| Other | $124.7M | 10% |
| AU | $47.3M | 4% |
