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IAC Inc.（IAC）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IAC Inc.的1.1倍（$737.8M vs $646.0M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -11.9%，领先22.0%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -10.5%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $31.4M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 1.7%）
IAC Inc.是一家美国控股企业，业务覆盖媒体与互联网领域，在全球拥有多个知名品牌。公司前身是1996年成立的HSN Inc.，当时作为家庭购物频道Home Shopping Network和USA电视台的控股主体运营，1999年更名为USA Networks Inc.，2002年将旗下电视业务资产出售给威望迪集团。
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。
IAC vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $646.0M | $737.8M |
| 净利润 | $-76.8M | $74.5M |
| 毛利率 | 69.8% | 41.4% |
| 营业利润率 | -17.5% | 19.4% |
| 净利率 | -11.9% | 10.1% |
| 营收同比 | -10.5% | 13.9% |
| 净利润同比 | 61.4% | 3.0% |
| 每股收益（稀释后） | $-0.96 | $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
| Q4 25 | $646.0M | $737.8M | ||
| Q3 25 | $589.8M | $592.5M | ||
| Q2 25 | $586.9M | $659.5M | ||
| Q1 25 | $570.5M | $587.3M | ||
| Q4 24 | $721.4M | $647.6M | ||
| Q3 24 | $642.0M | $550.0M | ||
| Q2 24 | $634.4M | $613.3M | ||
| Q1 24 | $624.3M | $528.3M |
| Q4 25 | $-76.8M | $74.5M | ||
| Q3 25 | $-21.9M | $34.9M | ||
| Q2 25 | $211.5M | $71.8M | ||
| Q1 25 | $-216.8M | $63.0M | ||
| Q4 24 | $-199.0M | $72.3M | ||
| Q3 24 | $-243.7M | $59.0M | ||
| Q2 24 | $-142.2M | $100.8M | ||
| Q1 24 | $45.0M | $42.8M |
| Q4 25 | 69.8% | 41.4% | ||
| Q3 25 | 64.8% | 40.9% | ||
| Q2 25 | 65.6% | 49.7% | ||
| Q1 25 | 64.0% | 44.4% | ||
| Q4 24 | 65.8% | 40.4% | ||
| Q3 24 | 62.1% | 43.1% | ||
| Q2 24 | 60.1% | 48.4% | ||
| Q1 24 | 58.4% | 41.5% |
| Q4 25 | -17.5% | 19.4% | ||
| Q3 25 | -3.5% | 15.0% | ||
| Q2 25 | 0.1% | 21.1% | ||
| Q1 25 | 6.3% | 19.8% | ||
| Q4 24 | 6.7% | 18.6% | ||
| Q3 24 | 1.3% | 19.3% | ||
| Q2 24 | -3.4% | 27.4% | ||
| Q1 24 | -10.2% | 18.2% |
| Q4 25 | -11.9% | 10.1% | ||
| Q3 25 | -3.7% | 5.9% | ||
| Q2 25 | 36.0% | 10.9% | ||
| Q1 25 | -38.0% | 10.7% | ||
| Q4 24 | -27.6% | 11.2% | ||
| Q3 24 | -38.0% | 10.7% | ||
| Q2 24 | -22.4% | 16.4% | ||
| Q1 24 | 7.2% | 8.1% |
| Q4 25 | $-0.96 | $1.12 | ||
| Q3 25 | $-0.27 | $0.53 | ||
| Q2 25 | $2.57 | $1.12 | ||
| Q1 25 | $-2.64 | $1.00 | ||
| Q4 24 | $-2.36 | $1.12 | ||
| Q3 24 | $-2.93 | $0.94 | ||
| Q2 24 | $-1.71 | $1.65 | ||
| Q1 24 | $0.51 | $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 | $960.2M | $471.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $4.7B | $750.2M |
| 总资产 | $7.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
| Q4 25 | $960.2M | $471.4M | ||
| Q3 25 | $1.0B | $483.3M | ||
| Q2 25 | $1.1B | $420.6M | ||
| Q1 25 | $1.2B | $413.9M | ||
| Q4 24 | $1.4B | $477.7M | ||
| Q3 24 | $1.3B | $534.9M | ||
| Q2 24 | $1.3B | $498.4M | ||
| Q1 24 | $1.3B | $465.3M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $4.7B | $750.2M | ||
| Q3 25 | $4.8B | $758.5M | ||
| Q2 25 | $4.9B | $800.4M | ||
| Q1 25 | $4.7B | $531.5M | ||
| Q4 24 | $5.6B | $549.0M | ||
| Q3 24 | $5.8B | $551.9M | ||
| Q2 24 | $6.0B | $562.6M | ||
| Q1 24 | $6.1B | $529.9M |
| Q4 25 | $7.1B | $6.2B | ||
| Q3 25 | $7.2B | $6.2B | ||
| Q2 25 | $7.4B | $6.1B | ||
| Q1 25 | $7.2B | $5.2B | ||
| Q4 24 | $9.7B | $5.2B | ||
| Q3 24 | $9.8B | $5.2B | ||
| Q2 24 | $10.2B | $5.1B | ||
| Q1 24 | $10.4B | $5.1B |
| Q4 25 | 0.30× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $36.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $31.4M | $58.5M |
| 自由现金流率自由现金流/营收 | 4.9% | 7.9% |
| 资本支出强度资本支出/营收 | 0.8% | 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 | $44.8M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $36.6M | $164.7M | ||
| Q3 25 | $30.1M | $205.2M | ||
| Q2 25 | $-2.8M | $122.5M | ||
| Q1 25 | $63.0K | $98.2M | ||
| Q4 24 | $110.1M | $166.6M | ||
| Q3 24 | $95.3M | $218.1M | ||
| Q2 24 | $85.0M | $184.3M | ||
| Q1 24 | $64.1M | $7.5M |
| Q4 25 | $31.4M | $58.5M | ||
| Q3 25 | $25.3M | $135.4M | ||
| Q2 25 | $-7.2M | $53.0M | ||
| Q1 25 | $-4.6M | $-14.5M | ||
| Q4 24 | $104.8M | $76.0M | ||
| Q3 24 | $92.0M | $85.7M | ||
| Q2 24 | $81.6M | $78.8M | ||
| Q1 24 | $61.1M | $-72.0M |
| Q4 25 | 4.9% | 7.9% | ||
| Q3 25 | 4.3% | 22.9% | ||
| Q2 25 | -1.2% | 8.0% | ||
| Q1 25 | -0.8% | -2.5% | ||
| Q4 24 | 14.5% | 11.7% | ||
| Q3 24 | 14.3% | 15.6% | ||
| Q2 24 | 12.9% | 12.9% | ||
| Q1 24 | 9.8% | -13.6% |
| Q4 25 | 0.8% | 14.4% | ||
| Q3 25 | 0.8% | 11.8% | ||
| Q2 25 | 0.8% | 10.5% | ||
| Q1 25 | 0.8% | 19.2% | ||
| Q4 24 | 0.7% | 14.0% | ||
| Q3 24 | 0.5% | 24.1% | ||
| Q2 24 | 0.5% | 17.2% | ||
| Q1 24 | 0.5% | 15.0% |
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | -0.01× | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | 1.42× | 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
IAC
| $168.5M | 26% | |
| Performance Marketing | $101.2M | 16% |
| Care.com | $85.7M | 13% |
| Subscription | $69.5M | 11% |
| Licensing And Other | $43.8M | 7% |
| Consumer Revenue | $43.2M | 7% |
| Advertising | $35.9M | 6% |
| Project And Other Print | $33.6M | 5% |
| Advertising Google | $28.9M | 4% |
| Newsstand | $22.4M | 3% |
| Emerging Other | $19.6M | 3% |
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% |
