vs
LAMAR ADVERTISING CO（LAMR）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LAMAR ADVERTISING CO的1.2倍（$737.8M vs $595.9M），LAMAR ADVERTISING CO净利率更高（25.6% vs 10.1%，领先15.5%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 2.8%），LAMAR ADVERTISING CO自由现金流更多（$208.3M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 9.4%）
拉马尔广告是一家知名户外广告服务商，1902年由查尔斯·W·拉马尔与J.M.科伊创立，总部位于美国路易斯安那州巴吞鲁日。公司业务覆盖美国与加拿大，在两地设有超200个运营网点，旗下在美国境内拥有超过36.3万个广告展示位，涵盖广告牌、标识标牌、公共交通展示载体等品类，2014年转型为房地产投资信托。
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。
LAMR vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $595.9M | $737.8M |
| 净利润 | $152.3M | $74.5M |
| 毛利率 | 67.7% | 41.4% |
| 营业利润率 | 32.9% | 19.4% |
| 净利率 | 25.6% | 10.1% |
| 营收同比 | 2.8% | 13.9% |
| 净利润同比 | 12801.3% | 3.0% |
| 每股收益（稀释后） | $1.50 | $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 | $595.9M | $737.8M | ||
| Q3 25 | $585.5M | $592.5M | ||
| Q2 25 | $579.3M | $659.5M | ||
| Q1 25 | $505.4M | $587.3M | ||
| Q4 24 | $579.6M | $647.6M | ||
| Q3 24 | $564.1M | $550.0M | ||
| Q2 24 | $565.3M | $613.3M | ||
| Q1 24 | $498.1M | $528.3M |
| Q4 25 | $152.3M | $74.5M | ||
| Q3 25 | $141.8M | $34.9M | ||
| Q2 25 | $154.4M | $71.8M | ||
| Q1 25 | $138.8M | $63.0M | ||
| Q4 24 | $-1.2M | $72.3M | ||
| Q3 24 | $147.5M | $59.0M | ||
| Q2 24 | $137.4M | $100.8M | ||
| Q1 24 | $78.2M | $42.8M |
| Q4 25 | 67.7% | 41.4% | ||
| Q3 25 | 67.9% | 40.9% | ||
| Q2 25 | 67.8% | 49.7% | ||
| Q1 25 | 64.4% | 44.4% | ||
| Q4 24 | 67.8% | 40.4% | ||
| Q3 24 | 67.6% | 43.1% | ||
| Q2 24 | 67.6% | 48.4% | ||
| Q1 24 | 64.7% | 41.5% |
| Q4 25 | 32.9% | 19.4% | ||
| Q3 25 | 32.3% | 15.0% | ||
| Q2 25 | 34.1% | 21.1% | ||
| Q1 25 | 37.8% | 19.8% | ||
| Q4 24 | 6.3% | 18.6% | ||
| Q3 24 | 33.1% | 19.3% | ||
| Q2 24 | 32.6% | 27.4% | ||
| Q1 24 | 25.0% | 18.2% |
| Q4 25 | 25.6% | 10.1% | ||
| Q3 25 | 24.2% | 5.9% | ||
| Q2 25 | 26.6% | 10.9% | ||
| Q1 25 | 27.5% | 10.7% | ||
| Q4 24 | -0.2% | 11.2% | ||
| Q3 24 | 26.1% | 10.7% | ||
| Q2 24 | 24.3% | 16.4% | ||
| Q1 24 | 15.7% | 8.1% |
| Q4 25 | $1.50 | $1.12 | ||
| Q3 25 | $1.40 | $0.53 | ||
| Q2 25 | $1.52 | $1.12 | ||
| Q1 25 | $1.35 | $1.00 | ||
| Q4 24 | $-0.02 | $1.12 | ||
| Q3 24 | $1.44 | $0.94 | ||
| Q2 24 | $1.34 | $1.65 | ||
| Q1 24 | $0.76 | $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 | $64.8M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $750.2M |
| 总资产 | $6.9B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $64.8M | $471.4M | ||
| Q3 25 | $22.0M | $483.3M | ||
| Q2 25 | $55.7M | $420.6M | ||
| Q1 25 | $36.1M | $413.9M | ||
| Q4 24 | $49.5M | $477.7M | ||
| Q3 24 | $29.5M | $534.9M | ||
| Q2 24 | $77.9M | $498.4M | ||
| Q1 24 | $36.4M | $465.3M |
| Q4 25 | $1.0B | $750.2M | ||
| Q3 25 | $1.0B | $758.5M | ||
| Q2 25 | $906.9M | $800.4M | ||
| Q1 25 | $1.0B | $531.5M | ||
| Q4 24 | $1.0B | $549.0M | ||
| Q3 24 | $1.2B | $551.9M | ||
| Q2 24 | $1.2B | $562.6M | ||
| Q1 24 | $1.2B | $529.9M |
| Q4 25 | $6.9B | $6.2B | ||
| Q3 25 | $6.8B | $6.2B | ||
| Q2 25 | $6.7B | $6.1B | ||
| Q1 25 | $6.5B | $5.2B | ||
| Q4 24 | $6.6B | $5.2B | ||
| Q3 24 | $6.5B | $5.2B | ||
| Q2 24 | $6.6B | $5.1B | ||
| Q1 24 | $6.5B | $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 | $271.2M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $208.3M | $58.5M |
| 自由现金流率自由现金流/营收 | 35.0% | 7.9% |
| 资本支出强度资本支出/营收 | 10.5% | 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 | $683.2M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $271.2M | $164.7M | ||
| Q3 25 | $235.7M | $205.2M | ||
| Q2 25 | $229.5M | $122.5M | ||
| Q1 25 | $127.7M | $98.2M | ||
| Q4 24 | $279.3M | $166.6M | ||
| Q3 24 | $227.4M | $218.1M | ||
| Q2 24 | $256.3M | $184.3M | ||
| Q1 24 | $110.6M | $7.5M |
| Q4 25 | $208.3M | $58.5M | ||
| Q3 25 | $185.8M | $135.4M | ||
| Q2 25 | $191.3M | $53.0M | ||
| Q1 25 | $97.9M | $-14.5M | ||
| Q4 24 | $236.3M | $76.0M | ||
| Q3 24 | $197.3M | $85.7M | ||
| Q2 24 | $233.7M | $78.8M | ||
| Q1 24 | $81.1M | $-72.0M |
| Q4 25 | 35.0% | 7.9% | ||
| Q3 25 | 31.7% | 22.9% | ||
| Q2 25 | 33.0% | 8.0% | ||
| Q1 25 | 19.4% | -2.5% | ||
| Q4 24 | 40.8% | 11.7% | ||
| Q3 24 | 35.0% | 15.6% | ||
| Q2 24 | 41.3% | 12.9% | ||
| Q1 24 | 16.3% | -13.6% |
| Q4 25 | 10.5% | 14.4% | ||
| Q3 25 | 8.5% | 11.8% | ||
| Q2 25 | 6.6% | 10.5% | ||
| Q1 25 | 5.9% | 19.2% | ||
| Q4 24 | 7.4% | 14.0% | ||
| Q3 24 | 5.3% | 24.1% | ||
| Q2 24 | 4.0% | 17.2% | ||
| Q1 24 | 5.9% | 15.0% |
| Q4 25 | 1.78× | 2.21× | ||
| Q3 25 | 1.66× | 5.88× | ||
| Q2 25 | 1.49× | 1.71× | ||
| Q1 25 | 0.92× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 1.54× | 3.70× | ||
| Q2 24 | 1.87× | 1.83× | ||
| Q1 24 | 1.41× | 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
LAMR
| Reportable Segment Aggregation Before Other Operating Segment | $531.9M | 89% |
| Transit Advertising | $42.0M | 7% |
| Logo Advertising | $22.1M | 4% |
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% |
