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KIRBY CORP（KEX）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
KIRBY CORP的季度营收约是Ryman Hospitality Properties, Inc.的1.2倍（$851.8M vs $737.8M），KIRBY CORP净利率更高（10.8% vs 10.1%，领先0.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 6.2%），KIRBY CORP自由现金流更多（$265.2M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 2.7%）
总部位于美国得克萨斯州休斯顿的Kirby Corporation是美国最大的罐驳船运营商，业务覆盖密西西比河水系、海湾沿岸航道、美国三大海岸沿线及阿拉斯加、夏威夷地区，主营通过罐驳船运输石化产品、黑油、精炼石油制品、农化产品，同时拥有并运营8组远洋驳船及拖船运输单元。
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。
KEX vs RHP — 直观对比
营收规模更大
KEX
是对方的1.2倍
$737.8M
营收增速更快
RHP
高出7.8%
6.2%
净利率更高
KEX
高出0.7%
10.1%
自由现金流更多
KEX
多$206.6M
$58.5M
两年增速更快
RHP
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $851.8M | $737.8M |
| 净利润 | $91.8M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 15.2% | 19.4% |
| 净利率 | 10.8% | 10.1% |
| 营收同比 | 6.2% | 13.9% |
| 净利润同比 | 114.4% | 3.0% |
| 每股收益（稀释后） | $1.68 | $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KEXRHP
| Q4 25 | $851.8M | $737.8M | ||
| Q3 25 | $871.2M | $592.5M | ||
| Q2 25 | $855.5M | $659.5M | ||
| Q1 25 | $785.7M | $587.3M | ||
| Q4 24 | $802.3M | $647.6M | ||
| Q3 24 | $831.1M | $550.0M | ||
| Q2 24 | $824.4M | $613.3M | ||
| Q1 24 | $808.0M | $528.3M |
净利润KEXRHP
| Q4 25 | $91.8M | $74.5M | ||
| Q3 25 | $92.5M | $34.9M | ||
| Q2 25 | $94.3M | $71.8M | ||
| Q1 25 | $76.0M | $63.0M | ||
| Q4 24 | $42.8M | $72.3M | ||
| Q3 24 | $90.0M | $59.0M | ||
| Q2 24 | $83.9M | $100.8M | ||
| Q1 24 | $70.1M | $42.8M |
毛利率KEXRHP
| 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KEXRHP
| Q4 25 | 15.2% | 19.4% | ||
| Q3 25 | 14.8% | 15.0% | ||
| Q2 25 | 15.4% | 21.1% | ||
| Q1 25 | 13.4% | 19.8% | ||
| Q4 24 | 6.3% | 18.6% | ||
| Q3 24 | 15.3% | 19.3% | ||
| Q2 24 | 14.6% | 27.4% | ||
| Q1 24 | 12.6% | 18.2% |
净利率KEXRHP
| Q4 25 | 10.8% | 10.1% | ||
| Q3 25 | 10.6% | 5.9% | ||
| Q2 25 | 11.0% | 10.9% | ||
| Q1 25 | 9.7% | 10.7% | ||
| Q4 24 | 5.3% | 11.2% | ||
| Q3 24 | 10.8% | 10.7% | ||
| Q2 24 | 10.2% | 16.4% | ||
| Q1 24 | 8.7% | 8.1% |
每股收益（稀释后）KEXRHP
| Q4 25 | $1.68 | $1.12 | ||
| Q3 25 | $1.65 | $0.53 | ||
| Q2 25 | $1.67 | $1.12 | ||
| Q1 25 | $1.33 | $1.00 | ||
| Q4 24 | $0.74 | $1.12 | ||
| Q3 24 | $1.55 | $0.94 | ||
| Q2 24 | $1.43 | $1.65 | ||
| Q1 24 | $1.19 | $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 | $78.8M | $471.4M |
| 总债务越低越好 | $919.3M | — |
| 股东权益账面价值 | $3.4B | $750.2M |
| 总资产 | $6.0B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.27× | — |
8季度趋势，按日历期对齐
现金及短期投资KEXRHP
| Q4 25 | $78.8M | $471.4M | ||
| Q3 25 | $47.0M | $483.3M | ||
| Q2 25 | $68.4M | $420.6M | ||
| Q1 25 | $51.1M | $413.9M | ||
| Q4 24 | $74.4M | $477.7M | ||
| Q3 24 | $67.1M | $534.9M | ||
| Q2 24 | $53.5M | $498.4M | ||
| Q1 24 | $75.2M | $465.3M |
总债务KEXRHP
| Q4 25 | $919.3M | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $874.9M | — | ||
| Q3 24 | $978.6M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.1B | — |
股东权益KEXRHP
| Q4 25 | $3.4B | $750.2M | ||
| Q3 25 | $3.4B | $758.5M | ||
| Q2 25 | $3.4B | $800.4M | ||
| Q1 25 | $3.3B | $531.5M | ||
| Q4 24 | $3.4B | $549.0M | ||
| Q3 24 | $3.3B | $551.9M | ||
| Q2 24 | $3.3B | $562.6M | ||
| Q1 24 | $3.2B | $529.9M |
总资产KEXRHP
| Q4 25 | $6.0B | $6.2B | ||
| Q3 25 | $6.1B | $6.2B | ||
| Q2 25 | $6.1B | $6.1B | ||
| Q1 25 | $6.0B | $5.2B | ||
| Q4 24 | $5.9B | $5.2B | ||
| Q3 24 | $5.9B | $5.2B | ||
| Q2 24 | $5.9B | $5.1B | ||
| Q1 24 | $5.8B | $5.1B |
负债/权益比KEXRHP
| Q4 25 | 0.27× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.26× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | 0.33× | — |
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 | $312.2M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $265.2M | $58.5M |
| 自由现金流率自由现金流/营收 | 31.1% | 7.9% |
| 资本支出强度资本支出/营收 | 5.5% | 14.4% |
| 现金转化率经营现金流/净利润 | 3.40× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $405.7M | $232.4M |
8季度趋势，按日历期对齐
经营现金流KEXRHP
| Q4 25 | $312.2M | $164.7M | ||
| Q3 25 | $227.5M | $205.2M | ||
| Q2 25 | $93.9M | $122.5M | ||
| Q1 25 | $36.5M | $98.2M | ||
| Q4 24 | $247.4M | $166.6M | ||
| Q3 24 | $206.5M | $218.1M | ||
| Q2 24 | $179.3M | $184.3M | ||
| Q1 24 | $123.3M | $7.5M |
自由现金流KEXRHP
| Q4 25 | $265.2M | $58.5M | ||
| Q3 25 | $160.3M | $135.4M | ||
| Q2 25 | $22.4M | $53.0M | ||
| Q1 25 | $-42.1M | $-14.5M | ||
| Q4 24 | $150.7M | $76.0M | ||
| Q3 24 | $130.1M | $85.7M | ||
| Q2 24 | $90.8M | $78.8M | ||
| Q1 24 | $42.2M | $-72.0M |
自由现金流率KEXRHP
| Q4 25 | 31.1% | 7.9% | ||
| Q3 25 | 18.4% | 22.9% | ||
| Q2 25 | 2.6% | 8.0% | ||
| Q1 25 | -5.4% | -2.5% | ||
| Q4 24 | 18.8% | 11.7% | ||
| Q3 24 | 15.7% | 15.6% | ||
| Q2 24 | 11.0% | 12.9% | ||
| Q1 24 | 5.2% | -13.6% |
资本支出强度KEXRHP
| Q4 25 | 5.5% | 14.4% | ||
| Q3 25 | 7.7% | 11.8% | ||
| Q2 25 | 8.4% | 10.5% | ||
| Q1 25 | 10.0% | 19.2% | ||
| Q4 24 | 12.0% | 14.0% | ||
| Q3 24 | 9.2% | 24.1% | ||
| Q2 24 | 10.7% | 17.2% | ||
| Q1 24 | 10.0% | 15.0% |
现金转化率KEXRHP
| Q4 25 | 3.40× | 2.21× | ||
| Q3 25 | 2.46× | 5.88× | ||
| Q2 25 | 1.00× | 1.71× | ||
| Q1 25 | 0.48× | 1.56× | ||
| Q4 24 | 5.78× | 2.30× | ||
| Q3 24 | 2.30× | 3.70× | ||
| Q2 24 | 2.14× | 1.83× | ||
| Q1 24 | 1.76× | 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
KEX
| Inland Transportation | $379.2M | 45% |
| Power Generation | $191.1M | 22% |
| Commercial And Industrial | $149.4M | 18% |
| Coastal Transportation | $102.5M | 12% |
| Oil And Gas | $29.6M | 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% |
