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亨斯迈（HUN）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
亨斯迈的季度营收约是Ryman Hospitality Properties, Inc.的1.8倍（$1.4B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -7.1%，领先17.2%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -6.7%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $19.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -4.0%）
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
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。
HUN vs RHP — 直观对比
营收规模更大
HUN
是对方的1.8倍
$737.8M
营收增速更快
RHP
高出20.6%
-6.7%
净利率更高
RHP
高出17.2%
-7.1%
自由现金流更多
RHP
多$39.5M
$19.0M
两年增速更快
RHP
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $737.8M |
| 净利润 | $-96.0M | $74.5M |
| 毛利率 | 12.1% | 41.4% |
| 营业利润率 | -4.4% | 19.4% |
| 净利率 | -7.1% | 10.1% |
| 营收同比 | -6.7% | 13.9% |
| 净利润同比 | 31.9% | 3.0% |
| 每股收益（稀释后） | $-0.56 | $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HUNRHP
| Q4 25 | $1.4B | $737.8M | ||
| Q3 25 | $1.5B | $592.5M | ||
| Q2 25 | $1.5B | $659.5M | ||
| Q1 25 | $1.4B | $587.3M | ||
| Q4 24 | $1.5B | $647.6M | ||
| Q3 24 | $1.5B | $550.0M | ||
| Q2 24 | $1.6B | $613.3M | ||
| Q1 24 | $1.5B | $528.3M |
净利润HUNRHP
| Q4 25 | $-96.0M | $74.5M | ||
| Q3 25 | $-25.0M | $34.9M | ||
| Q2 25 | $-158.0M | $71.8M | ||
| Q1 25 | $-5.0M | $63.0M | ||
| Q4 24 | $-141.0M | $72.3M | ||
| Q3 24 | $-33.0M | $59.0M | ||
| Q2 24 | $22.0M | $100.8M | ||
| Q1 24 | $-37.0M | $42.8M |
毛利率HUNRHP
| Q4 25 | 12.1% | 41.4% | ||
| Q3 25 | 14.0% | 40.9% | ||
| Q2 25 | 12.5% | 49.7% | ||
| Q1 25 | 14.3% | 44.4% | ||
| Q4 24 | 12.9% | 40.4% | ||
| Q3 24 | 15.2% | 43.1% | ||
| Q2 24 | 15.4% | 48.4% | ||
| Q1 24 | 13.7% | 41.5% |
营业利润率HUNRHP
| Q4 25 | -4.4% | 19.4% | ||
| Q3 25 | 0.4% | 15.0% | ||
| Q2 25 | -8.2% | 21.1% | ||
| Q1 25 | 3.0% | 19.8% | ||
| Q4 24 | -4.3% | 18.6% | ||
| Q3 24 | 2.7% | 19.3% | ||
| Q2 24 | 2.2% | 27.4% | ||
| Q1 24 | -2.6% | 18.2% |
净利率HUNRHP
| Q4 25 | -7.1% | 10.1% | ||
| Q3 25 | -1.7% | 5.9% | ||
| Q2 25 | -10.8% | 10.9% | ||
| Q1 25 | -0.4% | 10.7% | ||
| Q4 24 | -9.7% | 11.2% | ||
| Q3 24 | -2.1% | 10.7% | ||
| Q2 24 | 1.4% | 16.4% | ||
| Q1 24 | -2.5% | 8.1% |
每股收益（稀释后）HUNRHP
| Q4 25 | $-0.56 | $1.12 | ||
| Q3 25 | $-0.14 | $0.53 | ||
| Q2 25 | $-0.92 | $1.12 | ||
| Q1 25 | $-0.03 | $1.00 | ||
| Q4 24 | $-0.82 | $1.12 | ||
| Q3 24 | $-0.19 | $0.94 | ||
| Q2 24 | $0.13 | $1.65 | ||
| Q1 24 | $-0.22 | $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 | $429.0M | $471.4M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $2.8B | $750.2M |
| 总资产 | $7.0B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.73× | — |
8季度趋势，按日历期对齐
现金及短期投资HUNRHP
| Q4 25 | $429.0M | $471.4M | ||
| Q3 25 | $468.0M | $483.3M | ||
| Q2 25 | $399.0M | $420.6M | ||
| Q1 25 | $334.0M | $413.9M | ||
| Q4 24 | $340.0M | $477.7M | ||
| Q3 24 | $330.0M | $534.9M | ||
| Q2 24 | $335.0M | $498.4M | ||
| Q1 24 | $552.0M | $465.3M |
总债务HUNRHP
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.1B | — |
股东权益HUNRHP
| Q4 25 | $2.8B | $750.2M | ||
| Q3 25 | $2.8B | $758.5M | ||
| Q2 25 | $2.8B | $800.4M | ||
| Q1 25 | $3.0B | $531.5M | ||
| Q4 24 | $3.0B | $549.0M | ||
| Q3 24 | $3.1B | $551.9M | ||
| Q2 24 | $3.1B | $562.6M | ||
| Q1 24 | $3.2B | $529.9M |
总资产HUNRHP
| Q4 25 | $7.0B | $6.2B | ||
| Q3 25 | $7.1B | $6.2B | ||
| Q2 25 | $7.1B | $6.1B | ||
| Q1 25 | $7.2B | $5.2B | ||
| Q4 24 | $7.1B | $5.2B | ||
| Q3 24 | $7.3B | $5.2B | ||
| Q2 24 | $7.3B | $5.1B | ||
| Q1 24 | $7.6B | $5.1B |
负债/权益比HUNRHP
| Q4 25 | 0.73× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $76.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 1.4% | 7.9% |
| 资本支出强度资本支出/营收 | 4.2% | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | $116.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流HUNRHP
| Q4 25 | $76.0M | $164.7M | ||
| Q3 25 | $196.0M | $205.2M | ||
| Q2 25 | $91.0M | $122.5M | ||
| Q1 25 | $-74.0M | $98.2M | ||
| Q4 24 | $153.0M | $166.6M | ||
| Q3 24 | $129.0M | $218.1M | ||
| Q2 24 | $46.0M | $184.3M | ||
| Q1 24 | $-65.0M | $7.5M |
自由现金流HUNRHP
| Q4 25 | $19.0M | $58.5M | ||
| Q3 25 | $153.0M | $135.4M | ||
| Q2 25 | $54.0M | $53.0M | ||
| Q1 25 | $-110.0M | $-14.5M | ||
| Q4 24 | $102.0M | $76.0M | ||
| Q3 24 | $88.0M | $85.7M | ||
| Q2 24 | $-4.0M | $78.8M | ||
| Q1 24 | $-107.0M | $-72.0M |
自由现金流率HUNRHP
| Q4 25 | 1.4% | 7.9% | ||
| Q3 25 | 10.5% | 22.9% | ||
| Q2 25 | 3.7% | 8.0% | ||
| Q1 25 | -7.8% | -2.5% | ||
| Q4 24 | 7.0% | 11.7% | ||
| Q3 24 | 5.7% | 15.6% | ||
| Q2 24 | -0.3% | 12.9% | ||
| Q1 24 | -7.3% | -13.6% |
资本支出强度HUNRHP
| Q4 25 | 4.2% | 14.4% | ||
| Q3 25 | 2.9% | 11.8% | ||
| Q2 25 | 2.5% | 10.5% | ||
| Q1 25 | 2.6% | 19.2% | ||
| Q4 24 | 3.5% | 14.0% | ||
| Q3 24 | 2.7% | 24.1% | ||
| Q2 24 | 3.2% | 17.2% | ||
| Q1 24 | 2.9% | 15.0% |
现金转化率HUNRHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | 2.09× | 1.83× | ||
| Q1 24 | — | 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
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
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% |
