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KELLY SERVICES INC（KELYA）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
KELLY SERVICES INC的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -3.3%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $13.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -3.1%）
凯利服务是1946年成立的美国跨国人力资源服务企业，总部位于密歇根州特洛伊市。公司可为金融服务、信息技术、法律等多个领域输送各层级雇员，核心业务涵盖人力资源管理咨询、业务外包、人才招聘、职业转型及供应商管理等专业服务。
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。
KELYA vs RHP — 直观对比
营收规模更大
KELYA
是对方的1.6倍
$737.8M
营收增速更快
RHP
高出17.3%
-3.3%
自由现金流更多
RHP
多$45.5M
$13.0M
两年增速更快
RHP
近两年复合增速
-3.1%
损益表 — Q4 FY2024 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | — | $74.5M |
| 毛利率 | 20.3% | 41.4% |
| 营业利润率 | -4.8% | 19.4% |
| 净利率 | — | 10.1% |
| 营收同比 | -3.3% | 13.9% |
| 净利润同比 | — | 3.0% |
| 每股收益（稀释后） | $-0.86 | $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KELYARHP
| Q4 25 | — | $737.8M | ||
| Q3 25 | — | $592.5M | ||
| Q2 25 | — | $659.5M | ||
| Q1 25 | — | $587.3M | ||
| Q4 24 | $1.2B | $647.6M | ||
| Q3 24 | $1.0B | $550.0M | ||
| Q2 24 | $1.1B | $613.3M | ||
| Q1 24 | $1.0B | $528.3M |
净利润KELYARHP
| Q4 25 | — | $74.5M | ||
| Q3 25 | — | $34.9M | ||
| Q2 25 | — | $71.8M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | — | $72.3M | ||
| Q3 24 | $800.0K | $59.0M | ||
| Q2 24 | $4.6M | $100.8M | ||
| Q1 24 | $25.8M | $42.8M |
毛利率KELYARHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | 20.3% | 40.4% | ||
| Q3 24 | 21.4% | 43.1% | ||
| Q2 24 | 20.2% | 48.4% | ||
| Q1 24 | 19.7% | 41.5% |
营业利润率KELYARHP
| Q4 25 | — | 19.4% | ||
| Q3 25 | — | 15.0% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 19.8% | ||
| Q4 24 | -4.8% | 18.6% | ||
| Q3 24 | 0.3% | 19.3% | ||
| Q2 24 | 1.2% | 27.4% | ||
| Q1 24 | 2.6% | 18.2% |
净利率KELYARHP
| Q4 25 | — | 10.1% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 10.9% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | 0.1% | 10.7% | ||
| Q2 24 | 0.4% | 16.4% | ||
| Q1 24 | 2.5% | 8.1% |
每股收益（稀释后）KELYARHP
| Q4 25 | — | $1.12 | ||
| Q3 25 | — | $0.53 | ||
| Q2 25 | — | $1.12 | ||
| Q1 25 | — | $1.00 | ||
| Q4 24 | $-0.86 | $1.12 | ||
| Q3 24 | $0.02 | $0.94 | ||
| Q2 24 | $0.12 | $1.65 | ||
| Q1 24 | $0.70 | $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 | $39.0M | $471.4M |
| 总债务越低越好 | $239.4M | — |
| 股东权益账面价值 | $1.2B | $750.2M |
| 总资产 | $2.6B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.19× | — |
8季度趋势，按日历期对齐
现金及短期投资KELYARHP
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $483.3M | ||
| Q2 25 | — | $420.6M | ||
| Q1 25 | — | $413.9M | ||
| Q4 24 | $39.0M | $477.7M | ||
| Q3 24 | $32.8M | $534.9M | ||
| Q2 24 | $38.2M | $498.4M | ||
| Q1 24 | $200.7M | $465.3M |
总债务KELYARHP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $239.4M | — | ||
| Q3 24 | $228.2M | — | ||
| Q2 24 | $210.4M | — | ||
| Q1 24 | — | — |
股东权益KELYARHP
| Q4 25 | — | $750.2M | ||
| Q3 25 | — | $758.5M | ||
| Q2 25 | — | $800.4M | ||
| Q1 25 | — | $531.5M | ||
| Q4 24 | $1.2B | $549.0M | ||
| Q3 24 | $1.3B | $551.9M | ||
| Q2 24 | $1.3B | $562.6M | ||
| Q1 24 | $1.3B | $529.9M |
总资产KELYARHP
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | — | $6.1B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | $2.6B | $5.2B | ||
| Q3 24 | $2.7B | $5.2B | ||
| Q2 24 | $2.6B | $5.1B | ||
| Q1 24 | $2.4B | $5.1B |
负债/权益比KELYARHP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.16× | — | ||
| 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 | $15.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $13.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 1.1% | 7.9% |
| 资本支出强度资本支出/营收 | 0.2% | 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 | $15.8M | $232.4M |
8季度趋势，按日历期对齐
经营现金流KELYARHP
| Q4 25 | — | $164.7M | ||
| Q3 25 | — | $205.2M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $98.2M | ||
| Q4 24 | $15.0M | $166.6M | ||
| Q3 24 | $-20.3M | $218.1M | ||
| Q2 24 | $57.7M | $184.3M | ||
| Q1 24 | $-25.5M | $7.5M |
自由现金流KELYARHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | $13.0M | $76.0M | ||
| Q3 24 | $-22.7M | $85.7M | ||
| Q2 24 | $54.7M | $78.8M | ||
| Q1 24 | $-29.2M | $-72.0M |
自由现金流率KELYARHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | 1.1% | 11.7% | ||
| Q3 24 | -2.2% | 15.6% | ||
| Q2 24 | 5.2% | 12.9% | ||
| Q1 24 | -2.8% | -13.6% |
资本支出强度KELYARHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | 0.2% | 14.0% | ||
| Q3 24 | 0.2% | 24.1% | ||
| Q2 24 | 0.3% | 17.2% | ||
| Q1 24 | 0.4% | 15.0% |
现金转化率KELYARHP
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | -25.38× | 3.70× | ||
| Q2 24 | 12.54× | 1.83× | ||
| Q1 24 | -0.99× | 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
KELYA
| Science Engineering Technology | $295.8M | 25% |
| Education | $293.1M | 25% |
| Staffing Services | $237.7M | 20% |
| Other | $138.8M | 12% |
| Talent Solutions | $120.5M | 10% |
| Outcome Based Services | $103.6M | 9% |
| Permanent Placement | $1.6M | 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% |
