vs
Inspirato Inc（ISPO）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
Inspirato Inc的季度营收约是READING INTERNATIONAL INC的1.1倍（$55.5M vs $50.3M），READING INTERNATIONAL INC净利率更高（-5.1% vs -8.1%，领先3.0%），READING INTERNATIONAL INC同比增速更快（-14.2% vs -19.6%），READING INTERNATIONAL INC自由现金流更多（$4.1M vs $-3.0M），过去两年READING INTERNATIONAL INC的营收复合增速更高（5.6% vs -11.4%）
Inspirato Inc是一家高端旅行及酒店订阅服务供应商，主要面向北美高净值人群，提供精选豪华别墅租赁、专属度假村权益、定制化行程规划服务，同时也为企业客户提供高端员工差旅激励解决方案。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
ISPO vs RDI — 直观对比
营收规模更大
ISPO
是对方的1.1倍
$50.3M
营收增速更快
RDI
高出5.5%
-19.6%
净利率更高
RDI
高出3.0%
-8.1%
自由现金流更多
RDI
多$7.1M
$-3.0M
两年增速更快
RDI
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.5M | $50.3M |
| 净利润 | $-4.5M | $-2.6M |
| 毛利率 | 31.4% | — |
| 营业利润率 | -8.0% | -1.9% |
| 净利率 | -8.1% | -5.1% |
| 营收同比 | -19.6% | -14.2% |
| 净利润同比 | -204.4% | -14.5% |
| 每股收益（稀释后） | $-0.36 | $-0.11 |
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ISPORDI
| Q4 25 | — | $50.3M | ||
| Q3 25 | $55.5M | $52.2M | ||
| Q2 25 | $63.1M | $60.4M | ||
| Q1 25 | $65.9M | $40.2M | ||
| Q4 24 | $63.1M | $58.6M | ||
| Q3 24 | $69.1M | $60.1M | ||
| Q2 24 | $67.4M | $46.8M | ||
| Q1 24 | $80.2M | $45.1M |
净利润ISPORDI
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $-4.5M | $-4.2M | ||
| Q2 25 | $-5.3M | $-2.7M | ||
| Q1 25 | $1.6M | $-4.8M | ||
| Q4 24 | $-2.3M | $-2.2M | ||
| Q3 24 | $4.3M | $-7.0M | ||
| Q2 24 | $-8.7M | $-12.8M | ||
| Q1 24 | $1.3M | $-13.2M |
毛利率ISPORDI
| Q4 25 | — | — | ||
| Q3 25 | 31.4% | — | ||
| Q2 25 | 27.5% | — | ||
| Q1 25 | 38.8% | — | ||
| Q4 24 | 34.7% | — | ||
| Q3 24 | 71.5% | — | ||
| Q2 24 | 24.0% | — | ||
| Q1 24 | 39.5% | — |
营业利润率ISPORDI
| Q4 25 | — | -1.9% | ||
| Q3 25 | -8.0% | -0.6% | ||
| Q2 25 | -8.3% | 4.8% | ||
| Q1 25 | 2.5% | -17.2% | ||
| Q4 24 | -3.2% | 2.6% | ||
| Q3 24 | 9.8% | -0.6% | ||
| Q2 24 | -22.8% | -16.4% | ||
| Q1 24 | 3.0% | -16.7% |
净利率ISPORDI
| Q4 25 | — | -5.1% | ||
| Q3 25 | -8.1% | -8.0% | ||
| Q2 25 | -8.4% | -4.4% | ||
| Q1 25 | 2.5% | -11.8% | ||
| Q4 24 | -3.6% | -3.8% | ||
| Q3 24 | 6.3% | -11.7% | ||
| Q2 24 | -12.9% | -27.4% | ||
| Q1 24 | 1.6% | -29.4% |
每股收益（稀释后）ISPORDI
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $-0.36 | $-0.18 | ||
| Q2 25 | $-0.42 | $-0.12 | ||
| Q1 25 | $0.12 | $-0.21 | ||
| Q4 24 | $0.98 | $-0.11 | ||
| Q3 24 | $0.62 | $-0.31 | ||
| Q2 24 | $-2.33 | $-0.57 | ||
| Q1 24 | $-0.18 | $-0.59 |
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 | $13.7M | $10.5M |
| 总债务越低越好 | — | $185.1M |
| 股东权益账面价值 | $-134.0M | $-18.2M |
| 总资产 | $228.3M | $434.9M |
| 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ISPORDI
| Q4 25 | — | $10.5M | ||
| Q3 25 | $13.7M | $8.1M | ||
| Q2 25 | $16.7M | $9.1M | ||
| Q1 25 | $16.4M | $5.9M | ||
| Q4 24 | $21.8M | $12.4M | ||
| Q3 24 | $13.5M | $10.1M | ||
| Q2 24 | $18.8M | $9.3M | ||
| Q1 24 | $22.6M | $7.5M |
总债务ISPORDI
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ISPORDI
| Q4 25 | — | $-18.2M | ||
| Q3 25 | $-134.0M | $-12.1M | ||
| Q2 25 | $-129.7M | $-7.7M | ||
| Q1 25 | $-125.2M | $-8.1M | ||
| Q4 24 | $-129.9M | $-4.4M | ||
| Q3 24 | $-134.6M | $1.6M | ||
| Q2 24 | $-35.2M | $6.5M | ||
| Q1 24 | $-27.5M | $18.0M |
总资产ISPORDI
| Q4 25 | — | $434.9M | ||
| Q3 25 | $228.3M | $435.2M | ||
| Q2 25 | $252.6M | $438.1M | ||
| Q1 25 | $270.1M | $441.0M | ||
| Q4 24 | $273.9M | $471.0M | ||
| Q3 24 | $273.3M | $495.7M | ||
| Q2 24 | $301.7M | $494.9M | ||
| Q1 24 | $313.0M | $494.9M |
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 | $-2.2M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $4.1M |
| 自由现金流率自由现金流/营收 | -5.4% | 8.2% |
| 资本支出强度资本支出/营收 | 1.4% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-31.2M | $-2.9M |
8季度趋势，按日历期对齐
经营现金流ISPORDI
| Q4 25 | — | $4.3M | ||
| Q3 25 | $-2.2M | $295.0K | ||
| Q2 25 | $1.1M | $1.6M | ||
| Q1 25 | $-6.6M | $-7.7M | ||
| Q4 24 | $-15.8M | $8.0M | ||
| Q3 24 | $-13.7M | $1.3M | ||
| Q2 24 | $-1.8M | $-10.4M | ||
| Q1 24 | $-7.2M | $-2.8M |
自由现金流ISPORDI
| Q4 25 | — | $4.1M | ||
| Q3 25 | $-3.0M | $-246.0K | ||
| Q2 25 | $468.0K | $1.2M | ||
| Q1 25 | $-7.5M | $-8.0M | ||
| Q4 24 | $-21.2M | $7.0M | ||
| Q3 24 | $-14.8M | $-1.1M | ||
| Q2 24 | $-3.7M | $-10.6M | ||
| Q1 24 | $-8.5M | $-4.7M |
自由现金流率ISPORDI
| Q4 25 | — | 8.2% | ||
| Q3 25 | -5.4% | -0.5% | ||
| Q2 25 | 0.7% | 1.9% | ||
| Q1 25 | -11.4% | -19.8% | ||
| Q4 24 | -33.7% | 12.0% | ||
| Q3 24 | -21.5% | -1.8% | ||
| Q2 24 | -5.5% | -22.7% | ||
| Q1 24 | -10.6% | -10.4% |
资本支出强度ISPORDI
| Q4 25 | — | 0.3% | ||
| Q3 25 | 1.4% | 1.0% | ||
| Q2 25 | 1.0% | 0.6% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 8.7% | 1.7% | ||
| Q3 24 | 1.6% | 4.0% | ||
| Q2 24 | 2.8% | 0.5% | ||
| Q1 24 | 1.6% | 4.3% |
现金转化率ISPORDI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -3.16× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -5.70× | — |
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
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
