vs
Kinetik Holdings Inc.（KNTK）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Kinetik Holdings Inc.的1.5倍（$664.6M vs $430.4M），Kinetik Holdings Inc.净利率更高（96.8% vs 10.4%，领先86.4%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs 11.6%），过去两年Kinetik Holdings Inc.的营收复合增速更高（12.3% vs 4.1%）
Kinetik Holdings Inc.是一家聚焦二叠纪盆地的中游能源基础设施供应商，为美国南部核心油气产区的上游作业方提供天然气收集、处理、运输、存储，以及原油、采出水处置等一体化服务。
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。
KNTK vs RHP — 直观对比
营收规模更大
RHP
是对方的1.5倍
$430.4M
营收增速更快
RHP
高出1.6%
11.6%
净利率更高
KNTK
高出86.4%
10.4%
两年增速更快
KNTK
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $430.4M | $664.6M |
| 净利润 | $416.7M | $69.4M |
| 毛利率 | — | — |
| 营业利润率 | 11.2% | 20.7% |
| 净利率 | 96.8% | 10.4% |
| 营收同比 | 11.6% | 13.2% |
| 净利润同比 | 2468.4% | 10.1% |
| 每股收益（稀释后） | $2.22 | $1.03 |
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KNTKRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $430.4M | $737.8M | ||
| Q3 25 | $464.0M | $592.5M | ||
| Q2 25 | $426.7M | $659.5M | ||
| Q1 25 | $443.3M | $587.3M | ||
| Q4 24 | $385.7M | $647.6M | ||
| Q3 24 | $396.4M | $550.0M | ||
| Q2 24 | $359.5M | $613.3M |
净利润KNTKRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $416.7M | $74.5M | ||
| Q3 25 | $5.3M | $34.9M | ||
| Q2 25 | $23.6M | $71.8M | ||
| Q1 25 | $19.3M | $63.0M | ||
| Q4 24 | $16.2M | $72.3M | ||
| Q3 24 | $25.8M | $59.0M | ||
| Q2 24 | $37.2M | $100.8M |
毛利率KNTKRHP
| Q1 26 | — | — | ||
| 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% |
营业利润率KNTKRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 11.2% | 19.4% | ||
| Q3 25 | 4.3% | 15.0% | ||
| Q2 25 | 18.2% | 21.1% | ||
| Q1 25 | 4.3% | 19.8% | ||
| Q4 24 | 6.1% | 18.6% | ||
| Q3 24 | 18.4% | 19.3% | ||
| Q2 24 | 15.7% | 27.4% |
净利率KNTKRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 96.8% | 10.1% | ||
| Q3 25 | 1.1% | 5.9% | ||
| Q2 25 | 5.5% | 10.9% | ||
| Q1 25 | 4.3% | 10.7% | ||
| Q4 24 | 4.2% | 11.2% | ||
| Q3 24 | 6.5% | 10.7% | ||
| Q2 24 | 10.3% | 16.4% |
每股收益（稀释后）KNTKRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $2.22 | $1.12 | ||
| Q3 25 | $0.03 | $0.53 | ||
| Q2 25 | $0.33 | $1.12 | ||
| Q1 25 | $0.05 | $1.00 | ||
| Q4 24 | $0.01 | $1.12 | ||
| Q3 24 | $0.35 | $0.94 | ||
| Q2 24 | $0.54 | $1.65 |
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 | $4.0M | — |
| 总债务越低越好 | $3.6B | — |
| 股东权益账面价值 | $-565.4M | $770.8M |
| 总资产 | $7.1B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KNTKRHP
| Q1 26 | — | — | ||
| Q4 25 | $4.0M | $471.4M | ||
| Q3 25 | $7.7M | $483.3M | ||
| Q2 25 | $10.7M | $420.6M | ||
| Q1 25 | $8.8M | $413.9M | ||
| Q4 24 | $3.6M | $477.7M | ||
| Q3 24 | $20.4M | $534.9M | ||
| Q2 24 | $12.5M | $498.4M |
总债务KNTKRHP
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.3B | — | ||
| Q2 24 | $3.3B | — |
股东权益KNTKRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $-565.4M | $750.2M | ||
| Q3 25 | $-1.8B | $758.5M | ||
| Q2 25 | $-1.6B | $800.4M | ||
| Q1 25 | $-2.5B | $531.5M | ||
| Q4 24 | $-3.0B | $549.0M | ||
| Q3 24 | $-1.7B | $551.9M | ||
| Q2 24 | $-1.2B | $562.6M |
总资产KNTKRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $7.1B | $6.2B | ||
| Q3 25 | $7.2B | $6.2B | ||
| Q2 25 | $7.2B | $6.1B | ||
| Q1 25 | $7.0B | $5.2B | ||
| Q4 24 | $6.8B | $5.2B | ||
| Q3 24 | $6.9B | $5.2B | ||
| Q2 24 | $6.9B | $5.1B |
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 | $110.1M | — |
| 自由现金流经营现金流 - 资本支出 | $-24.0M | — |
| 自由现金流率自由现金流/营收 | -5.6% | — |
| 资本支出强度资本支出/营收 | 31.2% | — |
| 现金转化率经营现金流/净利润 | 0.26× | — |
| 过去12个月自由现金流最近4个季度 | $111.6M | — |
8季度趋势，按日历期对齐
经营现金流KNTKRHP
| Q1 26 | — | — | ||
| Q4 25 | $110.1M | $164.7M | ||
| Q3 25 | $188.1M | $205.2M | ||
| Q2 25 | $129.1M | $122.5M | ||
| Q1 25 | $176.8M | $98.2M | ||
| Q4 24 | $144.0M | $166.6M | ||
| Q3 24 | $214.1M | $218.1M | ||
| Q2 24 | $125.5M | $184.3M |
自由现金流KNTKRHP
| Q1 26 | — | — | ||
| Q4 25 | $-24.0M | $58.5M | ||
| Q3 25 | $31.6M | $135.4M | ||
| Q2 25 | $1.8M | $53.0M | ||
| Q1 25 | $102.3M | $-14.5M | ||
| Q4 24 | $36.3M | $76.0M | ||
| Q3 24 | $155.7M | $85.7M | ||
| Q2 24 | $86.1M | $78.8M |
自由现金流率KNTKRHP
| Q1 26 | — | — | ||
| Q4 25 | -5.6% | 7.9% | ||
| Q3 25 | 6.8% | 22.9% | ||
| Q2 25 | 0.4% | 8.0% | ||
| Q1 25 | 23.1% | -2.5% | ||
| Q4 24 | 9.4% | 11.7% | ||
| Q3 24 | 39.3% | 15.6% | ||
| Q2 24 | 24.0% | 12.9% |
资本支出强度KNTKRHP
| Q1 26 | — | — | ||
| Q4 25 | 31.2% | 14.4% | ||
| Q3 25 | 33.7% | 11.8% | ||
| Q2 25 | 29.8% | 10.5% | ||
| Q1 25 | 16.8% | 19.2% | ||
| Q4 24 | 27.9% | 14.0% | ||
| Q3 24 | 14.7% | 24.1% | ||
| Q2 24 | 11.0% | 17.2% |
现金转化率KNTKRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.26× | 2.21× | ||
| Q3 25 | 35.73× | 5.88× | ||
| Q2 25 | 5.46× | 1.71× | ||
| Q1 25 | 9.18× | 1.56× | ||
| Q4 24 | 8.88× | 2.30× | ||
| Q3 24 | 8.31× | 3.70× | ||
| Q2 24 | 3.37× | 1.83× |
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
KNTK
| Natural Gas NG Ls And Condensate Sales | $325.5M | 76% |
| Gathering And Processing Services | $101.6M | 24% |
| Other | $3.3M | 1% |
| Barilla Draw | $2.3M | 1% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
