vs
MARINEMAX INC（HZO）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MARINEMAX INC的1.4倍（$737.8M vs $527.4M），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -16.5%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -16.6%）
MarineMax Inc.是美国头部休闲船舶及游艇零售商，主营全新及二手休闲船艇销售，同时提供船舶维保、金融服务、保险、游艇租赁及航海主题活动等配套服务，覆盖北美市场的私人航海爱好者群体。
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。
HZO vs RHP — 直观对比
营收规模更大
RHP
是对方的1.4倍
$527.4M
营收增速更快
RHP
高出30.4%
-16.5%
两年增速更快
RHP
近两年复合增速
-16.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $737.8M |
| 净利润 | — | $74.5M |
| 毛利率 | 34.4% | 41.4% |
| 营业利润率 | 2.1% | 19.4% |
| 净利率 | — | 10.1% |
| 营收同比 | -16.5% | 13.9% |
| 净利润同比 | — | 3.0% |
| 每股收益（稀释后） | $0.14 | $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HZORHP
| Q1 26 | $527.4M | — | ||
| Q4 25 | $505.2M | $737.8M | ||
| Q3 25 | $552.2M | $592.5M | ||
| Q2 25 | $657.2M | $659.5M | ||
| Q1 25 | $631.5M | $587.3M | ||
| Q4 24 | $468.5M | $647.6M | ||
| Q3 24 | $563.1M | $550.0M | ||
| Q2 24 | $757.7M | $613.3M |
净利润HZORHP
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $74.5M | ||
| Q3 25 | $-851.0K | $34.9M | ||
| Q2 25 | $-52.1M | $71.8M | ||
| Q1 25 | $3.3M | $63.0M | ||
| Q4 24 | $18.1M | $72.3M | ||
| Q3 24 | $4.0M | $59.0M | ||
| Q2 24 | $31.6M | $100.8M |
毛利率HZORHP
| Q1 26 | 34.4% | — | ||
| Q4 25 | 31.8% | 41.4% | ||
| Q3 25 | 34.7% | 40.9% | ||
| Q2 25 | 30.4% | 49.7% | ||
| Q1 25 | 30.0% | 44.4% | ||
| Q4 24 | 36.2% | 40.4% | ||
| Q3 24 | 34.3% | 43.1% | ||
| Q2 24 | 32.0% | 48.4% |
营业利润率HZORHP
| Q1 26 | 2.1% | — | ||
| Q4 25 | 1.0% | 19.4% | ||
| Q3 25 | 2.5% | 15.0% | ||
| Q2 25 | -6.3% | 21.1% | ||
| Q1 25 | 3.6% | 19.8% | ||
| Q4 24 | 8.3% | 18.6% | ||
| Q3 24 | 4.8% | 19.3% | ||
| Q2 24 | 8.1% | 27.4% |
净利率HZORHP
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 10.1% | ||
| Q3 25 | -0.2% | 5.9% | ||
| Q2 25 | -7.9% | 10.9% | ||
| Q1 25 | 0.5% | 10.7% | ||
| Q4 24 | 3.9% | 11.2% | ||
| Q3 24 | 0.7% | 10.7% | ||
| Q2 24 | 4.2% | 16.4% |
每股收益（稀释后）HZORHP
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.36 | $1.12 | ||
| Q3 25 | $0.08 | $0.53 | ||
| Q2 25 | $-2.42 | $1.12 | ||
| Q1 25 | $0.14 | $1.00 | ||
| Q4 24 | $0.77 | $1.12 | ||
| Q3 24 | $0.17 | $0.94 | ||
| Q2 24 | $1.37 | $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 | $189.1M | $471.4M |
| 总债务越低越好 | $338.7M | — |
| 股东权益账面价值 | — | $750.2M |
| 总资产 | $2.4B | $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HZORHP
| Q1 26 | $189.1M | — | ||
| Q4 25 | $164.6M | $471.4M | ||
| Q3 25 | $170.4M | $483.3M | ||
| Q2 25 | $151.0M | $420.6M | ||
| Q1 25 | $203.5M | $413.9M | ||
| Q4 24 | $145.0M | $477.7M | ||
| Q3 24 | $224.3M | $534.9M | ||
| Q2 24 | $242.4M | $498.4M |
总债务HZORHP
| Q1 26 | $338.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $393.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $391.2M | — | ||
| Q2 24 | — | — |
股东权益HZORHP
| Q1 26 | — | — | ||
| Q4 25 | $932.8M | $750.2M | ||
| Q3 25 | $937.2M | $758.5M | ||
| Q2 25 | $940.5M | $800.4M | ||
| Q1 25 | $993.4M | $531.5M | ||
| Q4 24 | $993.5M | $549.0M | ||
| Q3 24 | $975.8M | $551.9M | ||
| Q2 24 | $967.6M | $562.6M |
总资产HZORHP
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $6.2B | ||
| Q3 25 | $2.5B | $6.2B | ||
| Q2 25 | $2.5B | $6.1B | ||
| Q1 25 | $2.7B | $5.2B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $2.6B | $5.2B | ||
| Q2 24 | $2.6B | $5.1B |
负债/权益比HZORHP
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.40× | — | ||
| 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 | — | 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HZORHP
| Q1 26 | — | — | ||
| Q4 25 | $16.9M | $164.7M | ||
| Q3 25 | $61.5M | $205.2M | ||
| Q2 25 | $84.9M | $122.5M | ||
| Q1 25 | $72.5M | $98.2M | ||
| Q4 24 | $-146.1M | $166.6M | ||
| Q3 24 | $-782.0K | $218.1M | ||
| Q2 24 | $86.3M | $184.3M |
自由现金流HZORHP
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | $58.5M | ||
| Q3 25 | $48.0M | $135.4M | ||
| Q2 25 | $68.5M | $53.0M | ||
| Q1 25 | $59.8M | $-14.5M | ||
| Q4 24 | $-164.4M | $76.0M | ||
| Q3 24 | $-17.5M | $85.7M | ||
| Q2 24 | $71.1M | $78.8M |
自由现金流率HZORHP
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 7.9% | ||
| Q3 25 | 8.7% | 22.9% | ||
| Q2 25 | 10.4% | 8.0% | ||
| Q1 25 | 9.5% | -2.5% | ||
| Q4 24 | -35.1% | 11.7% | ||
| Q3 24 | -3.1% | 15.6% | ||
| Q2 24 | 9.4% | 12.9% |
资本支出强度HZORHP
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 14.4% | ||
| Q3 25 | 2.4% | 11.8% | ||
| Q2 25 | 2.5% | 10.5% | ||
| Q1 25 | 2.0% | 19.2% | ||
| Q4 24 | 3.9% | 14.0% | ||
| Q3 24 | 3.0% | 24.1% | ||
| Q2 24 | 2.0% | 17.2% |
现金转化率HZORHP
| Q1 26 | — | — | ||
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | 21.97× | 1.56× | ||
| Q4 24 | -8.09× | 2.30× | ||
| Q3 24 | -0.20× | 3.70× | ||
| Q2 24 | 2.74× | 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
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
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% |
