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赫氏（HXL）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
Ryman Hospitality Properties, Inc.的季度营收约是赫氏的1.5倍（$737.8M vs $501.5M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 7.4%，领先2.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 9.9%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 0.1%）
赫氏是总部位于美国康涅狄格州斯坦福德的上市工业材料企业，专注于结构材料的研发与生产，由加州增强塑料公司、汽巴复合材料业务、赫克力士复合材料产品部门合并组建。其产品覆盖商用、军工、休闲等市场，广泛应用于军民飞机、航天运载火箭、卫星、风电叶片、运动器材等领域。
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。
HXL vs RHP — 直观对比
营收规模更大
RHP
是对方的1.5倍
$501.5M
营收增速更快
RHP
高出4.1%
9.9%
净利率更高
RHP
高出2.7%
7.4%
两年增速更快
RHP
近两年复合增速
0.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $501.5M | $737.8M |
| 净利润 | $37.2M | $74.5M |
| 毛利率 | 26.9% | 41.4% |
| 营业利润率 | 11.5% | 19.4% |
| 净利率 | 7.4% | 10.1% |
| 营收同比 | 9.9% | 13.9% |
| 净利润同比 | 28.7% | 3.0% |
| 每股收益（稀释后） | $0.49 | $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HXLRHP
| Q1 26 | $501.5M | — | ||
| Q4 25 | $491.3M | $737.8M | ||
| Q3 25 | $456.2M | $592.5M | ||
| Q2 25 | $489.9M | $659.5M | ||
| Q1 25 | $456.5M | $587.3M | ||
| Q4 24 | $473.8M | $647.6M | ||
| Q3 24 | $456.5M | $550.0M | ||
| Q2 24 | $500.4M | $613.3M |
净利润HXLRHP
| Q1 26 | $37.2M | — | ||
| Q4 25 | $46.4M | $74.5M | ||
| Q3 25 | $20.6M | $34.9M | ||
| Q2 25 | $13.5M | $71.8M | ||
| Q1 25 | $28.9M | $63.0M | ||
| Q4 24 | $5.8M | $72.3M | ||
| Q3 24 | $39.8M | $59.0M | ||
| Q2 24 | $50.0M | $100.8M |
毛利率HXLRHP
| Q1 26 | 26.9% | — | ||
| Q4 25 | 24.6% | 41.4% | ||
| Q3 25 | 21.9% | 40.9% | ||
| Q2 25 | 22.8% | 49.7% | ||
| Q1 25 | 22.4% | 44.4% | ||
| Q4 24 | 25.0% | 40.4% | ||
| Q3 24 | 23.3% | 43.1% | ||
| Q2 24 | 25.3% | 48.4% |
营业利润率HXLRHP
| Q1 26 | 11.5% | — | ||
| Q4 25 | 12.5% | 19.4% | ||
| Q3 25 | 7.9% | 15.0% | ||
| Q2 25 | 6.1% | 21.1% | ||
| Q1 25 | 9.7% | 19.8% | ||
| Q4 24 | 1.9% | 18.6% | ||
| Q3 24 | 11.5% | 19.3% | ||
| Q2 24 | 14.3% | 27.4% |
净利率HXLRHP
| Q1 26 | 7.4% | — | ||
| Q4 25 | 9.4% | 10.1% | ||
| Q3 25 | 4.5% | 5.9% | ||
| Q2 25 | 2.8% | 10.9% | ||
| Q1 25 | 6.3% | 10.7% | ||
| Q4 24 | 1.2% | 11.2% | ||
| Q3 24 | 8.7% | 10.7% | ||
| Q2 24 | 10.0% | 16.4% |
每股收益（稀释后）HXLRHP
| Q1 26 | $0.49 | — | ||
| Q4 25 | — | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | — | $1.12 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | — | $1.65 |
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 | $54.1M | $471.4M |
| 总债务越低越好 | $998.1M | — |
| 股东权益账面价值 | $1.3B | $750.2M |
| 总资产 | $2.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
现金及短期投资HXLRHP
| Q1 26 | $54.1M | — | ||
| Q4 25 | $71.0M | $471.4M | ||
| Q3 25 | $90.5M | $483.3M | ||
| Q2 25 | $77.2M | $420.6M | ||
| Q1 25 | $89.2M | $413.9M | ||
| Q4 24 | $125.4M | $477.7M | ||
| Q3 24 | $98.2M | $534.9M | ||
| Q2 24 | $75.4M | $498.4M |
总债务HXLRHP
| Q1 26 | $998.1M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益HXLRHP
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $750.2M | ||
| Q3 25 | $1.6B | $758.5M | ||
| Q2 25 | $1.6B | $800.4M | ||
| Q1 25 | $1.5B | $531.5M | ||
| Q4 24 | $1.5B | $549.0M | ||
| Q3 24 | $1.6B | $551.9M | ||
| Q2 24 | $1.6B | $562.6M |
总资产HXLRHP
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $6.2B | ||
| Q3 25 | $2.8B | $6.2B | ||
| Q2 25 | $2.8B | $6.1B | ||
| Q1 25 | $2.8B | $5.2B | ||
| Q4 24 | $2.7B | $5.2B | ||
| Q3 24 | $2.9B | $5.2B | ||
| Q2 24 | $2.8B | $5.1B |
负债/权益比HXLRHP
| Q1 26 | 0.79× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | 3.2% | 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 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流HXLRHP
| Q1 26 | — | — | ||
| Q4 25 | $125.5M | $164.7M | ||
| Q3 25 | $110.2M | $205.2M | ||
| Q2 25 | $23.3M | $122.5M | ||
| Q1 25 | $-28.5M | $98.2M | ||
| Q4 24 | $162.6M | $166.6M | ||
| Q3 24 | $90.1M | $218.1M | ||
| Q2 24 | $44.2M | $184.3M |
自由现金流HXLRHP
| Q1 26 | — | — | ||
| Q4 25 | $107.3M | $58.5M | ||
| Q3 25 | $96.5M | $135.4M | ||
| Q2 25 | $8.0M | $53.0M | ||
| Q1 25 | $-54.6M | $-14.5M | ||
| Q4 24 | $144.0M | $76.0M | ||
| Q3 24 | $73.3M | $85.7M | ||
| Q2 24 | $21.3M | $78.8M |
自由现金流率HXLRHP
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | 7.9% | ||
| Q3 25 | 21.2% | 22.9% | ||
| Q2 25 | 1.6% | 8.0% | ||
| Q1 25 | -12.0% | -2.5% | ||
| Q4 24 | 30.4% | 11.7% | ||
| Q3 24 | 16.1% | 15.6% | ||
| Q2 24 | 4.3% | 12.9% |
资本支出强度HXLRHP
| Q1 26 | 3.2% | — | ||
| Q4 25 | 3.7% | 14.4% | ||
| Q3 25 | 3.0% | 11.8% | ||
| Q2 25 | 3.1% | 10.5% | ||
| Q1 25 | 5.7% | 19.2% | ||
| Q4 24 | 3.9% | 14.0% | ||
| Q3 24 | 3.7% | 24.1% | ||
| Q2 24 | 4.6% | 17.2% |
现金转化率HXLRHP
| Q1 26 | — | — | ||
| Q4 25 | 2.70× | 2.21× | ||
| Q3 25 | 5.35× | 5.88× | ||
| Q2 25 | 1.73× | 1.71× | ||
| Q1 25 | -0.99× | 1.56× | ||
| Q4 24 | 28.03× | 2.30× | ||
| Q3 24 | 2.26× | 3.70× | ||
| Q2 24 | 0.88× | 1.83× |
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
HXL
暂无分部数据
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% |
