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爵士制药（JAZZ）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
爵士制药的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），爵士制药净利率更高（17.0% vs 10.1%，领先6.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 10.1%），爵士制药自由现金流更多（$345.8M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 15.2%）
爵士制药是一家全球性生物制药企业，核心业务聚焦肿瘤学与神经科学两大领域，2003年在美国加利福尼亚州成立，当前总部坐落于爱尔兰首都都柏林。
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。
JAZZ vs RHP — 直观对比
营收规模更大
JAZZ
是对方的1.6倍
$737.8M
营收增速更快
RHP
高出3.8%
10.1%
净利率更高
JAZZ
高出6.9%
10.1%
自由现金流更多
JAZZ
多$287.3M
$58.5M
两年增速更快
RHP
近两年复合增速
15.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | $203.5M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 21.2% | 19.4% |
| 净利率 | 17.0% | 10.1% |
| 营收同比 | 10.1% | 13.9% |
| 净利润同比 | 6.5% | 3.0% |
| 每股收益（稀释后） | $3.34 | $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JAZZRHP
| Q4 25 | $1.2B | $737.8M | ||
| Q3 25 | $1.1B | $592.5M | ||
| Q2 25 | $1.0B | $659.5M | ||
| Q1 25 | $897.8M | $587.3M | ||
| Q4 24 | $1.1B | $647.6M | ||
| Q3 24 | $1.1B | $550.0M | ||
| Q2 24 | $1.0B | $613.3M | ||
| Q1 24 | $902.0M | $528.3M |
净利润JAZZRHP
| Q4 25 | $203.5M | $74.5M | ||
| Q3 25 | $251.4M | $34.9M | ||
| Q2 25 | $-718.5M | $71.8M | ||
| Q1 25 | $-92.5M | $63.0M | ||
| Q4 24 | $191.1M | $72.3M | ||
| Q3 24 | $215.1M | $59.0M | ||
| Q2 24 | $168.6M | $100.8M | ||
| Q1 24 | $-14.6M | $42.8M |
毛利率JAZZRHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
营业利润率JAZZRHP
| Q4 25 | 21.2% | 19.4% | ||
| Q3 25 | 5.1% | 15.0% | ||
| Q2 25 | -65.6% | 21.1% | ||
| Q1 25 | -6.2% | 19.8% | ||
| Q4 24 | 17.5% | 18.6% | ||
| Q3 24 | 24.7% | 19.3% | ||
| Q2 24 | 19.5% | 27.4% | ||
| Q1 24 | 7.3% | 18.2% |
净利率JAZZRHP
| Q4 25 | 17.0% | 10.1% | ||
| Q3 25 | 22.3% | 5.9% | ||
| Q2 25 | -68.7% | 10.9% | ||
| Q1 25 | -10.3% | 10.7% | ||
| Q4 24 | 17.6% | 11.2% | ||
| Q3 24 | 20.4% | 10.7% | ||
| Q2 24 | 16.5% | 16.4% | ||
| Q1 24 | -1.6% | 8.1% |
每股收益（稀释后）JAZZRHP
| Q4 25 | $3.34 | $1.12 | ||
| Q3 25 | $4.08 | $0.53 | ||
| Q2 25 | $-11.74 | $1.12 | ||
| Q1 25 | $-1.52 | $1.00 | ||
| Q4 24 | $2.97 | $1.12 | ||
| Q3 24 | $3.42 | $0.94 | ||
| Q2 24 | $2.49 | $1.65 | ||
| Q1 24 | $-0.23 | $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 | $1.4B | $471.4M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $4.3B | $750.2M |
| 总资产 | $11.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.24× | — |
8季度趋势，按日历期对齐
现金及短期投资JAZZRHP
| Q4 25 | $1.4B | $471.4M | ||
| Q3 25 | $1.3B | $483.3M | ||
| Q2 25 | $1.2B | $420.6M | ||
| Q1 25 | $1.9B | $413.9M | ||
| Q4 24 | $2.4B | $477.7M | ||
| Q3 24 | $2.2B | $534.9M | ||
| Q2 24 | $1.4B | $498.4M | ||
| Q1 24 | $1.4B | $465.3M |
总债务JAZZRHP
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.4B | — | ||
| Q1 25 | $5.4B | — | ||
| Q4 24 | $6.1B | — | ||
| Q3 24 | $6.1B | — | ||
| Q2 24 | $5.7B | — | ||
| Q1 24 | $5.7B | — |
股东权益JAZZRHP
| Q4 25 | $4.3B | $750.2M | ||
| Q3 25 | $4.0B | $758.5M | ||
| Q2 25 | $3.7B | $800.4M | ||
| Q1 25 | $4.2B | $531.5M | ||
| Q4 24 | $4.1B | $549.0M | ||
| Q3 24 | $4.2B | $551.9M | ||
| Q2 24 | $3.8B | $562.6M | ||
| Q1 24 | $3.7B | $529.9M |
总资产JAZZRHP
| Q4 25 | $11.7B | $6.2B | ||
| Q3 25 | $11.4B | $6.2B | ||
| Q2 25 | $10.9B | $6.1B | ||
| Q1 25 | $11.5B | $5.2B | ||
| Q4 24 | $12.0B | $5.2B | ||
| Q3 24 | $12.3B | $5.2B | ||
| Q2 24 | $11.4B | $5.1B | ||
| Q1 24 | $11.3B | $5.1B |
负债/权益比JAZZRHP
| Q4 25 | 1.24× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.45× | — | ||
| Q1 25 | 1.29× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | 1.52× | — | ||
| Q1 24 | 1.54× | — |
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 | $362.5M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $345.8M | $58.5M |
| 自由现金流率自由现金流/营收 | 28.9% | 7.9% |
| 资本支出强度资本支出/营收 | 1.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.78× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $1.3B | $232.4M |
8季度趋势，按日历期对齐
经营现金流JAZZRHP
| Q4 25 | $362.5M | $164.7M | ||
| Q3 25 | $474.6M | $205.2M | ||
| Q2 25 | $88.9M | $122.5M | ||
| Q1 25 | $429.8M | $98.2M | ||
| Q4 24 | $398.6M | $166.6M | ||
| Q3 24 | $398.7M | $218.1M | ||
| Q2 24 | $331.4M | $184.3M | ||
| Q1 24 | $267.2M | $7.5M |
自由现金流JAZZRHP
| Q4 25 | $345.8M | $58.5M | ||
| Q3 25 | $459.4M | $135.4M | ||
| Q2 25 | $75.9M | $53.0M | ||
| Q1 25 | $415.9M | $-14.5M | ||
| Q4 24 | $385.3M | $76.0M | ||
| Q3 24 | $388.0M | $85.7M | ||
| Q2 24 | $324.3M | $78.8M | ||
| Q1 24 | $260.3M | $-72.0M |
自由现金流率JAZZRHP
| Q4 25 | 28.9% | 7.9% | ||
| Q3 25 | 40.8% | 22.9% | ||
| Q2 25 | 7.3% | 8.0% | ||
| Q1 25 | 46.3% | -2.5% | ||
| Q4 24 | 35.4% | 11.7% | ||
| Q3 24 | 36.8% | 15.6% | ||
| Q2 24 | 31.7% | 12.9% | ||
| Q1 24 | 28.9% | -13.6% |
资本支出强度JAZZRHP
| Q4 25 | 1.4% | 14.4% | ||
| Q3 25 | 1.3% | 11.8% | ||
| Q2 25 | 1.2% | 10.5% | ||
| Q1 25 | 1.5% | 19.2% | ||
| Q4 24 | 1.2% | 14.0% | ||
| Q3 24 | 1.0% | 24.1% | ||
| Q2 24 | 0.7% | 17.2% | ||
| Q1 24 | 0.8% | 15.0% |
现金转化率JAZZRHP
| Q4 25 | 1.78× | 2.21× | ||
| Q3 25 | 1.89× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 2.09× | 2.30× | ||
| Q3 24 | 1.85× | 3.70× | ||
| Q2 24 | 1.97× | 1.83× | ||
| Q1 24 | — | 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
JAZZ
| Xywav | $465.5M | 39% |
| Total Oncology | $337.8M | 28% |
| Rylaze Enrylaze | $108.2M | 9% |
| Zepzelca | $90.4M | 8% |
| Product And Services Royalties And Contract Revenue | $65.5M | 5% |
| High Sodium AG Oxybate Product Royalty Revenue | $55.7M | 5% |
| Xyrem | $37.8M | 3% |
| Vyxeos | $34.7M | 3% |
| Ziihera | $8.5M | 1% |
| Other Products | $2.8M | 0% |
| Sativex | $1.5M | 0% |
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% |
