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HUBSPOT INC（HUBS）与Ryman Hospitality Properties, Inc.（RHP）财务数据对比。点击上方公司名可切换其他公司
HUBSPOT INC的季度营收约是Ryman Hospitality Properties, Inc.的1.1倍（$846.7M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 6.4%，领先3.7%），HUBSPOT INC同比增速更快（20.4% vs 13.9%），HUBSPOT INC自由现金流更多（$234.0M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 17.1%）
HubSpot Inc.是总部位于美国马萨诸塞州剑桥市的企业服务提供商，2006年由布莱恩·哈利根与达尔梅什·沙阿联合创立，专注于研发和推广适配营销、销售及客户服务全场景的软件产品，为全球各规模企业的数字化运营提供工具支持。
莱曼酒店地产是一家主营酒店、度假村、娱乐及媒体业务的企业，得名于旗下位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾为俄克拉荷马出版公司子公司时期，1983年收购WSM公司后奠定现代业务基础，同时将知名演出IP大奥普里等核心资产纳入麾下。
HUBS vs RHP — 直观对比
营收规模更大
HUBS
是对方的1.1倍
$737.8M
营收增速更快
HUBS
高出6.5%
13.9%
净利率更高
RHP
高出3.7%
6.4%
自由现金流更多
HUBS
多$175.4M
$58.5M
两年增速更快
RHP
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $846.7M | $737.8M |
| 净利润 | $54.4M | $74.5M |
| 毛利率 | 83.7% | 41.4% |
| 营业利润率 | 5.7% | 19.4% |
| 净利率 | 6.4% | 10.1% |
| 营收同比 | 20.4% | 13.9% |
| 净利润同比 | 992.2% | 3.0% |
| 每股收益（稀释后） | $1.03 | $1.12 |
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HUBSRHP
| Q4 25 | $846.7M | $737.8M | ||
| Q3 25 | $809.5M | $592.5M | ||
| Q2 25 | $760.9M | $659.5M | ||
| Q1 25 | $714.1M | $587.3M | ||
| Q4 24 | $703.2M | $647.6M | ||
| Q3 24 | $669.7M | $550.0M | ||
| Q2 24 | $637.2M | $613.3M | ||
| Q1 24 | $617.4M | $528.3M |
净利润HUBSRHP
| Q4 25 | $54.4M | $74.5M | ||
| Q3 25 | $16.5M | $34.9M | ||
| Q2 25 | $-3.3M | $71.8M | ||
| Q1 25 | $-21.8M | $63.0M | ||
| Q4 24 | $5.0M | $72.3M | ||
| Q3 24 | $8.1M | $59.0M | ||
| Q2 24 | $-14.4M | $100.8M | ||
| Q1 24 | $5.9M | $42.8M |
毛利率HUBSRHP
| Q4 25 | 83.7% | 41.4% | ||
| Q3 25 | 83.5% | 40.9% | ||
| Q2 25 | 83.9% | 49.7% | ||
| Q1 25 | 83.9% | 44.4% | ||
| Q4 24 | 85.3% | 40.4% | ||
| Q3 24 | 85.2% | 43.1% | ||
| Q2 24 | 85.0% | 48.4% | ||
| Q1 24 | 84.6% | 41.5% |
营业利润率HUBSRHP
| Q4 25 | 5.7% | 19.4% | ||
| Q3 25 | 1.4% | 15.0% | ||
| Q2 25 | -3.2% | 21.1% | ||
| Q1 25 | -3.8% | 19.8% | ||
| Q4 24 | -1.5% | 18.6% | ||
| Q3 24 | -1.4% | 19.3% | ||
| Q2 24 | -3.8% | 27.4% | ||
| Q1 24 | -3.8% | 18.2% |
净利率HUBSRHP
| Q4 25 | 6.4% | 10.1% | ||
| Q3 25 | 2.0% | 5.9% | ||
| Q2 25 | -0.4% | 10.9% | ||
| Q1 25 | -3.1% | 10.7% | ||
| Q4 24 | 0.7% | 11.2% | ||
| Q3 24 | 1.2% | 10.7% | ||
| Q2 24 | -2.3% | 16.4% | ||
| Q1 24 | 1.0% | 8.1% |
每股收益（稀释后）HUBSRHP
| Q4 25 | $1.03 | $1.12 | ||
| Q3 25 | $0.31 | $0.53 | ||
| Q2 25 | $-0.06 | $1.12 | ||
| Q1 25 | $-0.42 | $1.00 | ||
| Q4 24 | $0.09 | $1.12 | ||
| Q3 24 | $0.16 | $0.94 | ||
| Q2 24 | $-0.28 | $1.65 | ||
| Q1 24 | $0.12 | $0.67 |
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 | $882.2M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $750.2M |
| 总资产 | $3.9B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HUBSRHP
| Q4 25 | $882.2M | $471.4M | ||
| Q3 25 | $614.4M | $483.3M | ||
| Q2 25 | $601.2M | $420.6M | ||
| Q1 25 | $625.0M | $413.9M | ||
| Q4 24 | $512.7M | $477.7M | ||
| Q3 24 | $410.1M | $534.9M | ||
| Q2 24 | $797.9M | $498.4M | ||
| Q1 24 | $447.8M | $465.3M |
股东权益HUBSRHP
| Q4 25 | $2.1B | $750.2M | ||
| Q3 25 | $1.9B | $758.5M | ||
| Q2 25 | $2.1B | $800.4M | ||
| Q1 25 | $2.0B | $531.5M | ||
| Q4 24 | $1.9B | $549.0M | ||
| Q3 24 | $1.8B | $551.9M | ||
| Q2 24 | $1.6B | $562.6M | ||
| Q1 24 | $1.4B | $529.9M |
总资产HUBSRHP
| Q4 25 | $3.9B | $6.2B | ||
| Q3 25 | $3.5B | $6.2B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.9B | $5.2B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $3.6B | $5.2B | ||
| Q2 24 | $3.4B | $5.1B | ||
| Q1 24 | $3.2B | $5.1B |
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 | $247.4M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $234.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 27.6% | 7.9% |
| 资本支出强度资本支出/营收 | 1.6% | 14.4% |
| 现金转化率经营现金流/净利润 | 4.55× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $707.6M | $232.4M |
8季度趋势，按日历期对齐
经营现金流HUBSRHP
| Q4 25 | $247.4M | $164.7M | ||
| Q3 25 | $187.4M | $205.2M | ||
| Q2 25 | $164.4M | $122.5M | ||
| Q1 25 | $161.6M | $98.2M | ||
| Q4 24 | $194.1M | $166.6M | ||
| Q3 24 | $159.5M | $218.1M | ||
| Q2 24 | $117.8M | $184.3M | ||
| Q1 24 | $127.1M | $7.5M |
自由现金流HUBSRHP
| Q4 25 | $234.0M | $58.5M | ||
| Q3 25 | $177.0M | $135.4M | ||
| Q2 25 | $148.3M | $53.0M | ||
| Q1 25 | $148.2M | $-14.5M | ||
| Q4 24 | $181.4M | $76.0M | ||
| Q3 24 | $148.4M | $85.7M | ||
| Q2 24 | $109.6M | $78.8M | ||
| Q1 24 | $121.2M | $-72.0M |
自由现金流率HUBSRHP
| Q4 25 | 27.6% | 7.9% | ||
| Q3 25 | 21.9% | 22.9% | ||
| Q2 25 | 19.5% | 8.0% | ||
| Q1 25 | 20.8% | -2.5% | ||
| Q4 24 | 25.8% | 11.7% | ||
| Q3 24 | 22.2% | 15.6% | ||
| Q2 24 | 17.2% | 12.9% | ||
| Q1 24 | 19.6% | -13.6% |
资本支出强度HUBSRHP
| Q4 25 | 1.6% | 14.4% | ||
| Q3 25 | 1.3% | 11.8% | ||
| Q2 25 | 2.1% | 10.5% | ||
| Q1 25 | 1.9% | 19.2% | ||
| Q4 24 | 1.8% | 14.0% | ||
| Q3 24 | 1.7% | 24.1% | ||
| Q2 24 | 1.3% | 17.2% | ||
| Q1 24 | 1.0% | 15.0% |
现金转化率HUBSRHP
| Q4 25 | 4.55× | 2.21× | ||
| Q3 25 | 11.33× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 38.96× | 2.30× | ||
| Q3 24 | 19.59× | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | 21.42× | 0.17× |
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
HUBS
| Subscription And Circulation | $829.0M | 98% |
| Services | $17.8M | 2% |
RHP
| Hotel Other | $157.7M | 21% |
| Gaylord Opryland | $147.4M | 20% |
| Hotel Transient Rooms | $93.6M | 13% |
| Hotel Food And Beverage Outlets | $92.2M | 12% |
| Gaylord Palms | $88.2M | 12% |
| Jw Marriott Hill Country | $53.7M | 7% |
| Entertainment Admissions And Ticketing | $43.1M | 6% |
| Entertainment Food And Beverage | $38.1M | 5% |
| Entertainment Retail And Other | $28.3M | 4% |
| Ac Hotel | $2.4M | 0% |
