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KinderCare Learning Companies, Inc.（KLC）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
Ryman Hospitality Properties, Inc.的季度营收约是KinderCare Learning Companies, Inc.的1.1倍（$737.8M vs $676.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 0.7%，领先9.4%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 0.8%），KinderCare Learning Companies, Inc.自由现金流更多（$62.6M vs $58.5M）
金德凯尔学习公司是1969年成立的美国营利性早教与托育机构运营商，总部位于俄勒冈州波特兰市，服务覆盖全美39个州及华盛顿哥伦比亚特区，目前在全美拥有超1250家教学点，在读儿童约20万人，面向出生6周至12岁的儿童提供教育项目，是俄勒冈州第三大私营企业。
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。
KLC vs RHP — 直观对比
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $676.8M | $737.8M |
| 净利润 | $4.5M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 3.9% | 19.4% |
| 净利率 | 0.7% | 10.1% |
| 营收同比 | 0.8% | 13.9% |
| 净利润同比 | -67.4% | 3.0% |
| 每股收益（稀释后） | $0.04 | $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
| Q4 25 | — | $737.8M | ||
| Q3 25 | $676.8M | $592.5M | ||
| Q2 25 | $700.1M | $659.5M | ||
| Q1 25 | $668.2M | $587.3M | ||
| Q4 24 | $647.0M | $647.6M | ||
| Q3 24 | $671.5M | $550.0M | ||
| Q2 24 | — | $613.3M | ||
| Q1 24 | — | $528.3M |
| Q4 25 | — | $74.5M | ||
| Q3 25 | $4.5M | $34.9M | ||
| Q2 25 | $38.6M | $71.8M | ||
| Q1 25 | $21.2M | $63.0M | ||
| Q4 24 | $-133.6M | $72.3M | ||
| Q3 24 | $14.0M | $59.0M | ||
| Q2 24 | — | $100.8M | ||
| Q1 24 | — | $42.8M |
| 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% |
| Q4 25 | — | 19.4% | ||
| Q3 25 | 3.9% | 15.0% | ||
| Q2 25 | 9.8% | 21.1% | ||
| Q1 25 | 7.3% | 19.8% | ||
| Q4 24 | -13.8% | 18.6% | ||
| Q3 24 | 8.1% | 19.3% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 18.2% |
| Q4 25 | — | 10.1% | ||
| Q3 25 | 0.7% | 5.9% | ||
| Q2 25 | 5.5% | 10.9% | ||
| Q1 25 | 3.2% | 10.7% | ||
| Q4 24 | -20.6% | 11.2% | ||
| Q3 24 | 2.1% | 10.7% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 8.1% |
| Q4 25 | — | $1.12 | ||
| Q3 25 | $0.04 | $0.53 | ||
| Q2 25 | $0.33 | $1.12 | ||
| Q1 25 | $0.18 | $1.00 | ||
| Q4 24 | $-1.17 | $1.12 | ||
| Q3 24 | $0.15 | $0.94 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $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 | $174.7M | $471.4M |
| 总债务越低越好 | $930.9M | — |
| 股东权益账面价值 | $931.2M | $750.2M |
| 总资产 | $3.9B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $471.4M | ||
| Q3 25 | $174.7M | $483.3M | ||
| Q2 25 | $119.0M | $420.6M | ||
| Q1 25 | $131.3M | $413.9M | ||
| Q4 24 | $62.3M | $477.7M | ||
| Q3 24 | $137.2M | $534.9M | ||
| Q2 24 | — | $498.4M | ||
| Q1 24 | — | $465.3M |
| Q4 25 | — | — | ||
| Q3 25 | $930.9M | — | ||
| Q2 25 | $926.5M | — | ||
| Q1 25 | $927.4M | — | ||
| Q4 24 | $926.0M | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $750.2M | ||
| Q3 25 | $931.2M | $758.5M | ||
| Q2 25 | $924.3M | $800.4M | ||
| Q1 25 | $884.9M | $531.5M | ||
| Q4 24 | $864.5M | $549.0M | ||
| Q3 24 | $235.6M | $551.9M | ||
| Q2 24 | — | $562.6M | ||
| Q1 24 | — | $529.9M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $3.9B | $6.2B | ||
| Q2 25 | $3.8B | $6.1B | ||
| Q1 25 | $3.7B | $5.2B | ||
| Q4 24 | $3.6B | $5.2B | ||
| Q3 24 | $3.7B | $5.2B | ||
| Q2 24 | — | $5.1B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | — | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 6.42× | — | ||
| Q2 24 | — | — | ||
| 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 | $100.8M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $62.6M | $58.5M |
| 自由现金流率自由现金流/营收 | 9.2% | 7.9% |
| 资本支出强度资本支出/营收 | 5.6% | 14.4% |
| 现金转化率经营现金流/净利润 | 22.15× | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | — | $164.7M | ||
| Q3 25 | $100.8M | $205.2M | ||
| Q2 25 | $35.0M | $122.5M | ||
| Q1 25 | $98.4M | $98.2M | ||
| Q4 24 | — | $166.6M | ||
| Q3 24 | — | $218.1M | ||
| Q2 24 | — | $184.3M | ||
| Q1 24 | — | $7.5M |
| Q4 25 | — | $58.5M | ||
| Q3 25 | $62.6M | $135.4M | ||
| Q2 25 | $671.0K | $53.0M | ||
| Q1 25 | $75.1M | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $-72.0M |
| Q4 25 | — | 7.9% | ||
| Q3 25 | 9.2% | 22.9% | ||
| Q2 25 | 0.1% | 8.0% | ||
| Q1 25 | 11.2% | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | -13.6% |
| Q4 25 | — | 14.4% | ||
| Q3 25 | 5.6% | 11.8% | ||
| Q2 25 | 4.9% | 10.5% | ||
| Q1 25 | 3.5% | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.0% |
| Q4 25 | — | 2.21× | ||
| Q3 25 | 22.15× | 5.88× | ||
| Q2 25 | 0.91× | 1.71× | ||
| Q1 25 | 4.65× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 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
KLC
| Early Childhood Education Centers | $627.0M | 93% |
| Before And After School Sites | $49.8M | 7% |
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% |
