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Inspirato Inc（ISPO）与RCI HOSPITALITY HOLDINGS, INC.（RICK）财务数据对比。点击上方公司名可切换其他公司
RCI HOSPITALITY HOLDINGS, INC.的季度营收约是Inspirato Inc的1.3倍（$70.9M vs $55.5M），RCI HOSPITALITY HOLDINGS, INC.净利率更高（-7.8% vs -8.1%，领先0.4%），RCI HOSPITALITY HOLDINGS, INC.同比增速更快（-3.1% vs -19.6%），RCI HOSPITALITY HOLDINGS, INC.自由现金流更多（$11.5M vs $-3.0M），过去两年RCI HOSPITALITY HOLDINGS, INC.的营收复合增速更高（-2.0% 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。
RCI Hospitality控股通过子公司经营脱衣舞俱乐部、夜总会、运动酒吧与餐厅，同时还运营一家为成人俱乐部行业提供服务的传媒会展企业。公司于1995年完成首次公开募股上市，目前在纳斯达克全球市场挂牌交易。
ISPO vs RICK — 直观对比
营收规模更大
RICK
是对方的1.3倍
$55.5M
营收增速更快
RICK
高出16.5%
-19.6%
净利率更高
RICK
高出0.4%
-8.1%
自由现金流更多
RICK
多$14.5M
$-3.0M
两年增速更快
RICK
近两年复合增速
-11.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $55.5M | $70.9M |
| 净利润 | $-4.5M | $-5.5M |
| 毛利率 | 31.4% | — |
| 营业利润率 | -8.0% | -0.7% |
| 净利率 | -8.1% | -7.8% |
| 营收同比 | -19.6% | -3.1% |
| 净利润同比 | -204.4% | -2354.9% |
| 每股收益（稀释后） | $-0.36 | $-0.60 |
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ISPORICK
| Q3 25 | $55.5M | $70.9M | ||
| Q2 25 | $63.1M | $71.1M | ||
| Q1 25 | $65.9M | $65.9M | ||
| Q4 24 | $63.1M | $71.5M | ||
| Q3 24 | $69.1M | $73.2M | ||
| Q2 24 | $67.4M | $76.2M | ||
| Q1 24 | $80.2M | $72.3M | ||
| Q4 23 | $70.7M | $73.9M |
净利润ISPORICK
| Q3 25 | $-4.5M | $-5.5M | ||
| Q2 25 | $-5.3M | $4.1M | ||
| Q1 25 | $1.6M | $3.2M | ||
| Q4 24 | $-2.3M | $9.0M | ||
| Q3 24 | $4.3M | $244.0K | ||
| Q2 24 | $-8.7M | $-5.2M | ||
| Q1 24 | $1.3M | $774.0K | ||
| Q4 23 | $-8.8M | $7.2M |
毛利率ISPORICK
| 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% | — | ||
| Q4 23 | 27.2% | — |
营业利润率ISPORICK
| Q3 25 | -8.0% | -0.7% | ||
| Q2 25 | -8.3% | 12.2% | ||
| Q1 25 | 2.5% | 12.4% | ||
| Q4 24 | -3.2% | 19.5% | ||
| Q3 24 | 9.8% | 4.8% | ||
| Q2 24 | -22.8% | -3.3% | ||
| Q1 24 | 3.0% | 6.4% | ||
| Q4 23 | -22.7% | 17.8% |
净利率ISPORICK
| Q3 25 | -8.1% | -7.8% | ||
| Q2 25 | -8.4% | 5.7% | ||
| Q1 25 | 2.5% | 4.9% | ||
| Q4 24 | -3.6% | 12.6% | ||
| Q3 24 | 6.3% | 0.3% | ||
| Q2 24 | -12.9% | -6.9% | ||
| Q1 24 | 1.6% | 1.1% | ||
| Q4 23 | -12.4% | 9.8% |
每股收益（稀释后）ISPORICK
| Q3 25 | $-0.36 | $-0.60 | ||
| Q2 25 | $-0.42 | $0.46 | ||
| Q1 25 | $0.12 | $0.36 | ||
| Q4 24 | $0.98 | $1.01 | ||
| Q3 24 | $0.62 | $0.04 | ||
| Q2 24 | $-2.33 | $-0.56 | ||
| Q1 24 | $-0.18 | $0.08 | ||
| Q4 23 | $-2.58 | $0.77 |
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 | $33.7M |
| 总债务越低越好 | — | $238.2M |
| 股东权益账面价值 | $-134.0M | $261.1M |
| 总资产 | $228.3M | $596.9M |
| 负债/权益比越低杠杆越低 | — | 0.91× |
8季度趋势，按日历期对齐
现金及短期投资ISPORICK
| Q3 25 | $13.7M | $33.7M | ||
| Q2 25 | $16.7M | $29.3M | ||
| Q1 25 | $16.4M | $32.7M | ||
| Q4 24 | $21.8M | $34.7M | ||
| Q3 24 | $13.5M | $32.4M | ||
| Q2 24 | $18.8M | $34.9M | ||
| Q1 24 | $22.6M | $20.0M | ||
| Q4 23 | $36.6M | $21.2M |
总债务ISPORICK
| Q3 25 | — | $238.2M | ||
| Q2 25 | — | $243.8M | ||
| Q1 25 | — | $244.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $241.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
股东权益ISPORICK
| Q3 25 | $-134.0M | $261.1M | ||
| Q2 25 | $-129.7M | $269.5M | ||
| Q1 25 | $-125.2M | $268.8M | ||
| Q4 24 | $-129.9M | $269.0M | ||
| Q3 24 | $-134.6M | $263.4M | ||
| Q2 24 | $-35.2M | $271.2M | ||
| Q1 24 | $-27.5M | $285.8M | ||
| Q4 23 | $-30.2M | $286.6M |
总资产ISPORICK
| Q3 25 | $228.3M | $596.9M | ||
| Q2 25 | $252.6M | $597.4M | ||
| Q1 25 | $270.1M | $589.8M | ||
| Q4 24 | $273.9M | $586.2M | ||
| Q3 24 | $273.3M | $584.4M | ||
| Q2 24 | $301.7M | $601.0M | ||
| Q1 24 | $313.0M | $609.9M | ||
| Q4 23 | $330.7M | $619.2M |
负债/权益比ISPORICK
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $13.7M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $11.5M |
| 自由现金流率自由现金流/营收 | -5.4% | 16.2% |
| 资本支出强度资本支出/营收 | 1.4% | 3.2% |
| 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 | $34.9M |
8季度趋势，按日历期对齐
经营现金流ISPORICK
| Q3 25 | $-2.2M | $13.7M | ||
| Q2 25 | $1.1M | $13.8M | ||
| Q1 25 | $-6.6M | $8.5M | ||
| Q4 24 | $-15.8M | $13.3M | ||
| Q3 24 | $-13.7M | $15.7M | ||
| Q2 24 | $-1.8M | $15.8M | ||
| Q1 24 | $-7.2M | $10.8M | ||
| Q4 23 | $-6.0M | $13.6M |
自由现金流ISPORICK
| Q3 25 | $-3.0M | $11.5M | ||
| Q2 25 | $468.0K | $10.1M | ||
| Q1 25 | $-7.5M | $5.7M | ||
| Q4 24 | $-21.2M | $7.6M | ||
| Q3 24 | $-14.8M | $10.3M | ||
| Q2 24 | $-3.7M | $9.3M | ||
| Q1 24 | $-8.5M | $3.2M | ||
| Q4 23 | $-7.5M | $8.5M |
自由现金流率ISPORICK
| Q3 25 | -5.4% | 16.2% | ||
| Q2 25 | 0.7% | 14.2% | ||
| Q1 25 | -11.4% | 8.6% | ||
| Q4 24 | -33.7% | 10.6% | ||
| Q3 24 | -21.5% | 14.0% | ||
| Q2 24 | -5.5% | 12.3% | ||
| Q1 24 | -10.6% | 4.4% | ||
| Q4 23 | -10.6% | 11.5% |
资本支出强度ISPORICK
| Q3 25 | 1.4% | 3.2% | ||
| Q2 25 | 1.0% | 5.2% | ||
| Q1 25 | 1.3% | 4.3% | ||
| Q4 24 | 8.7% | 8.0% | ||
| Q3 24 | 1.6% | 7.3% | ||
| Q2 24 | 2.8% | 8.4% | ||
| Q1 24 | 1.6% | 10.6% | ||
| Q4 23 | 2.1% | 6.9% |
现金转化率ISPORICK
| Q3 25 | — | — | ||
| Q2 25 | — | 3.40× | ||
| Q1 25 | -4.09× | 2.65× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | -3.16× | 64.14× | ||
| Q2 24 | — | — | ||
| Q1 24 | -5.70× | 14.00× | ||
| Q4 23 | — | 1.89× |
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% |
RICK
| Transferred At Point In Time | $60.8M | 86% |
| Food And Merchandise | $10.4M | 15% |
