vs
Host Hotels & Resorts（HST）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
Host Hotels & Resorts的季度营收约是斑马技术的1.1倍（$1.6B vs $1.5B），Host Hotels & Resorts净利率更高（8.4% vs 4.7%，领先3.7%），Host Hotels & Resorts同比增速更快（12.3% vs 10.6%），Host Hotels & Resorts自由现金流更多（$445.0M vs $327.0M），过去两年斑马技术的营收复合增速更高（12.0% 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。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
HST vs ZBRA — 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1.7%
10.6%
净利率更高
HST
高出3.7%
4.7%
自由现金流更多
HST
多$118.0M
$327.0M
两年增速更快
ZBRA
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 | $70.0M |
| 毛利率 | — | 47.3% |
| 营业利润率 | 12.0% | 9.4% |
| 净利率 | 8.4% | 4.7% |
| 营收同比 | 12.3% | 10.6% |
| 净利润同比 | 25.0% | -57.1% |
| 每股收益（稀释后） | $0.20 | $1.40 |
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HSTZBRA
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润HSTZBRA
| Q4 25 | $135.0M | $70.0M | ||
| Q3 25 | $161.0M | $101.0M | ||
| Q2 25 | $221.0M | $112.0M | ||
| Q1 25 | $248.0M | $136.0M | ||
| Q4 24 | $108.0M | $163.0M | ||
| Q3 24 | $82.0M | $137.0M | ||
| Q2 24 | $239.0M | $113.0M | ||
| Q1 24 | $268.0M | $115.0M |
毛利率HSTZBRA
| Q4 25 | — | 47.3% | ||
| Q3 25 | — | 48.0% | ||
| Q2 25 | — | 47.6% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 48.6% | ||
| Q3 24 | — | 48.8% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 47.9% |
营业利润率HSTZBRA
| Q4 25 | 12.0% | 9.4% | ||
| Q3 25 | 7.6% | 13.9% | ||
| Q2 25 | 17.5% | 14.2% | ||
| Q1 25 | 17.9% | 14.9% | ||
| Q4 24 | 11.0% | 16.9% | ||
| Q3 24 | 10.2% | 15.2% | ||
| Q2 24 | 19.9% | 13.7% | ||
| Q1 24 | 19.8% | 13.5% |
净利率HSTZBRA
| Q4 25 | 8.4% | 4.7% | ||
| Q3 25 | 12.1% | 7.7% | ||
| Q2 25 | 13.9% | 8.7% | ||
| Q1 25 | 15.6% | 10.4% | ||
| Q4 24 | 7.6% | 12.2% | ||
| Q3 24 | 6.2% | 10.9% | ||
| Q2 24 | 16.3% | 9.3% | ||
| Q1 24 | 18.2% | 9.8% |
每股收益（稀释后）HSTZBRA
| Q4 25 | $0.20 | $1.40 | ||
| Q3 25 | $0.23 | $1.97 | ||
| Q2 25 | $0.32 | $2.19 | ||
| Q1 25 | $0.35 | $2.62 | ||
| Q4 24 | $0.15 | $3.14 | ||
| Q3 24 | $0.12 | $2.64 | ||
| Q2 24 | $0.34 | $2.17 | ||
| Q1 24 | $0.38 | $2.23 |
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 | $125.0M |
| 总债务越低越好 | $1.3B | — |
| 股东权益账面价值 | $6.6B | $3.6B |
| 总资产 | $13.0B | $8.5B |
| 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HSTZBRA
| Q4 25 | $768.0M | $125.0M | ||
| Q3 25 | $539.0M | $1.1B | ||
| Q2 25 | $490.0M | $872.0M | ||
| Q1 25 | $428.0M | $879.0M | ||
| Q4 24 | $554.0M | $901.0M | ||
| Q3 24 | $564.0M | $676.0M | ||
| Q2 24 | $805.0M | $411.0M | ||
| Q1 24 | $1.3B | $127.0M |
总债务HSTZBRA
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $896.0M | — | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
股东权益HSTZBRA
| Q4 25 | $6.6B | $3.6B | ||
| Q3 25 | $6.7B | $3.7B | ||
| Q2 25 | $6.6B | $3.6B | ||
| Q1 25 | $6.7B | $3.6B | ||
| Q4 24 | $6.6B | $3.6B | ||
| Q3 24 | $6.7B | $3.4B | ||
| Q2 24 | $6.8B | $3.3B | ||
| Q1 24 | $6.7B | $3.2B |
总资产HSTZBRA
| Q4 25 | $13.0B | $8.5B | ||
| Q3 25 | $13.0B | $8.1B | ||
| Q2 25 | $13.0B | $7.9B | ||
| Q1 25 | $12.9B | $7.9B | ||
| Q4 24 | $13.0B | $8.0B | ||
| Q3 24 | $13.1B | $7.7B | ||
| Q2 24 | $12.4B | $7.5B | ||
| Q1 24 | $12.5B | $7.3B |
负债/权益比HSTZBRA
| Q4 25 | 0.19× | — | ||
| Q3 25 | — | 0.58× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.66× | ||
| Q1 24 | — | 0.66× |
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 | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $445.0M | $327.0M |
| 自由现金流率自由现金流/营收 | 27.8% | 22.2% |
| 资本支出强度资本支出/营收 | 6.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 4.02× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $831.0M |
8季度趋势，按日历期对齐
经营现金流HSTZBRA
| Q4 25 | $543.0M | $357.0M | ||
| Q3 25 | $218.0M | $235.0M | ||
| Q2 25 | $444.0M | $147.0M | ||
| Q1 25 | $305.0M | $178.0M | ||
| Q4 24 | $331.0M | $306.0M | ||
| Q3 24 | $349.0M | $294.0M | ||
| Q2 24 | $453.0M | $288.0M | ||
| Q1 24 | $365.0M | $125.0M |
自由现金流HSTZBRA
| Q4 25 | $445.0M | $327.0M | ||
| Q3 25 | $143.0M | $216.0M | ||
| Q2 25 | $381.0M | $130.0M | ||
| Q1 25 | $259.0M | $158.0M | ||
| Q4 24 | $235.0M | $288.0M | ||
| Q3 24 | $262.0M | $277.0M | ||
| Q2 24 | $409.0M | $278.0M | ||
| Q1 24 | $332.0M | $111.0M |
自由现金流率HSTZBRA
| Q4 25 | 27.8% | 22.2% | ||
| Q3 25 | 10.7% | 16.4% | ||
| Q2 25 | 24.0% | 10.1% | ||
| Q1 25 | 16.2% | 12.1% | ||
| Q4 24 | 16.5% | 21.6% | ||
| Q3 24 | 19.9% | 22.1% | ||
| Q2 24 | 27.9% | 22.8% | ||
| Q1 24 | 22.6% | 9.4% |
资本支出强度HSTZBRA
| Q4 25 | 6.1% | 2.0% | ||
| Q3 25 | 5.6% | 1.4% | ||
| Q2 25 | 4.0% | 1.3% | ||
| Q1 25 | 2.9% | 1.5% | ||
| Q4 24 | 6.7% | 1.3% | ||
| Q3 24 | 6.6% | 1.4% | ||
| Q2 24 | 3.0% | 0.8% | ||
| Q1 24 | 2.2% | 1.2% |
现金转化率HSTZBRA
| Q4 25 | 4.02× | 5.10× | ||
| Q3 25 | 1.35× | 2.33× | ||
| Q2 25 | 2.01× | 1.31× | ||
| Q1 25 | 1.23× | 1.31× | ||
| Q4 24 | 3.06× | 1.88× | ||
| Q3 24 | 4.26× | 2.15× | ||
| Q2 24 | 1.90× | 2.55× | ||
| Q1 24 | 1.36× | 1.09× |
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
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
