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劳瑞德教育集团（LAUR）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.的季度营收约是劳瑞德教育集团的1.4倍（$737.8M vs $541.4M），劳瑞德教育集团净利率更高（31.7% vs 10.1%，领先21.6%），劳瑞德教育集团同比增速更快（27.9% vs 13.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $26.4M），过去两年劳瑞德教育集团的营收复合增速更高（40.2% vs 18.2%）
劳瑞德教育集团是总部位于美国佛罗里达州迈阿密的教育运营企业，旗下拥有并运营劳瑞德国际大学体系，在墨西哥、秘鲁设有多个校区，目前于纳斯达克证券交易所公开上市。
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。
LAUR vs RHP — 直观对比
营收规模更大
RHP
是对方的1.4倍
$541.4M
营收增速更快
LAUR
高出13.9%
13.9%
净利率更高
LAUR
高出21.6%
10.1%
自由现金流更多
RHP
多$32.1M
$26.4M
两年增速更快
LAUR
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $541.4M | $737.8M |
| 净利润 | $171.6M | $74.5M |
| 毛利率 | 35.8% | 41.4% |
| 营业利润率 | 33.2% | 19.4% |
| 净利率 | 31.7% | 10.1% |
| 营收同比 | 27.9% | 13.9% |
| 净利润同比 | 83.2% | 3.0% |
| 每股收益（稀释后） | $1.14 | $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LAURRHP
| Q4 25 | $541.4M | $737.8M | ||
| Q3 25 | $400.2M | $592.5M | ||
| Q2 25 | $524.2M | $659.5M | ||
| Q1 25 | $236.2M | $587.3M | ||
| Q4 24 | $423.4M | $647.6M | ||
| Q3 24 | $368.6M | $550.0M | ||
| Q2 24 | $499.2M | $613.3M | ||
| Q1 24 | $275.4M | $528.3M |
净利润LAURRHP
| Q4 25 | $171.6M | $74.5M | ||
| Q3 25 | $34.5M | $34.9M | ||
| Q2 25 | $95.1M | $71.8M | ||
| Q1 25 | $-19.5M | $63.0M | ||
| Q4 24 | $93.6M | $72.3M | ||
| Q3 24 | $85.5M | $59.0M | ||
| Q2 24 | $128.1M | $100.8M | ||
| Q1 24 | $-10.8M | $42.8M |
毛利率LAURRHP
| Q4 25 | 35.8% | 41.4% | ||
| Q3 25 | 20.9% | 40.9% | ||
| Q2 25 | 39.5% | 49.7% | ||
| Q1 25 | -0.9% | 44.4% | ||
| Q4 24 | 32.0% | 40.4% | ||
| Q3 24 | 22.4% | 43.1% | ||
| Q2 24 | 36.1% | 48.4% | ||
| Q1 24 | 7.8% | 41.5% |
营业利润率LAURRHP
| Q4 25 | 33.2% | 19.4% | ||
| Q3 25 | 17.9% | 15.0% | ||
| Q2 25 | 36.9% | 21.1% | ||
| Q1 25 | -5.6% | 19.8% | ||
| Q4 24 | 29.3% | 18.6% | ||
| Q3 24 | 19.5% | 19.3% | ||
| Q2 24 | 33.4% | 27.4% | ||
| Q1 24 | 4.0% | 18.2% |
净利率LAURRHP
| Q4 25 | 31.7% | 10.1% | ||
| Q3 25 | 8.6% | 5.9% | ||
| Q2 25 | 18.1% | 10.9% | ||
| Q1 25 | -8.3% | 10.7% | ||
| Q4 24 | 22.1% | 11.2% | ||
| Q3 24 | 23.2% | 10.7% | ||
| Q2 24 | 25.7% | 16.4% | ||
| Q1 24 | -3.9% | 8.1% |
每股收益（稀释后）LAURRHP
| Q4 25 | $1.14 | $1.12 | ||
| Q3 25 | $0.23 | $0.53 | ||
| Q2 25 | $0.65 | $1.12 | ||
| Q1 25 | $-0.13 | $1.00 | ||
| Q4 24 | $0.60 | $1.12 | ||
| Q3 24 | $0.56 | $0.94 | ||
| Q2 24 | $0.83 | $1.65 | ||
| Q1 24 | $-0.07 | $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 | $146.7M | $471.4M |
| 总债务越低越好 | $73.1M | — |
| 股东权益账面价值 | $1.2B | $750.2M |
| 总资产 | $2.2B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.06× | — |
8季度趋势，按日历期对齐
现金及短期投资LAURRHP
| Q4 25 | $146.7M | $471.4M | ||
| Q3 25 | $241.0M | $483.3M | ||
| Q2 25 | $135.3M | $420.6M | ||
| Q1 25 | $109.8M | $413.9M | ||
| Q4 24 | $91.3M | $477.7M | ||
| Q3 24 | $134.4M | $534.9M | ||
| Q2 24 | $128.8M | $498.4M | ||
| Q1 24 | $126.2M | $465.3M |
总债务LAURRHP
| Q4 25 | $73.1M | — | ||
| Q3 25 | $70.6M | — | ||
| Q2 25 | $78.1M | — | ||
| Q1 25 | $91.0M | — | ||
| Q4 24 | $59.0M | — | ||
| Q3 24 | $129.8M | — | ||
| Q2 24 | $203.0M | — | ||
| Q1 24 | $176.6M | — |
股东权益LAURRHP
| Q4 25 | $1.2B | $750.2M | ||
| Q3 25 | $1.1B | $758.5M | ||
| Q2 25 | $1.1B | $800.4M | ||
| Q1 25 | $908.5M | $531.5M | ||
| Q4 24 | $959.5M | $549.0M | ||
| Q3 24 | $897.7M | $551.9M | ||
| Q2 24 | $918.0M | $562.6M | ||
| Q1 24 | $933.6M | $529.9M |
总资产LAURRHP
| Q4 25 | $2.2B | $6.2B | ||
| Q3 25 | $2.1B | $6.2B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | $1.9B | $5.2B | ||
| Q4 24 | $1.9B | $5.2B | ||
| Q3 24 | $1.9B | $5.2B | ||
| Q2 24 | $2.1B | $5.1B | ||
| Q1 24 | $2.2B | $5.1B |
负债/权益比LAURRHP
| Q4 25 | 0.06× | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.19× | — |
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 | $93.4M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $26.4M | $58.5M |
| 自由现金流率自由现金流/营收 | 4.9% | 7.9% |
| 资本支出强度资本支出/营收 | 12.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 0.54× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $263.1M | $232.4M |
8季度趋势，按日历期对齐
经营现金流LAURRHP
| Q4 25 | $93.4M | $164.7M | ||
| Q3 25 | $141.0M | $205.2M | ||
| Q2 25 | $74.1M | $122.5M | ||
| Q1 25 | $57.8M | $98.2M | ||
| Q4 24 | $40.7M | $166.6M | ||
| Q3 24 | $118.7M | $218.1M | ||
| Q2 24 | $40.2M | $184.3M | ||
| Q1 24 | $33.2M | $7.5M |
自由现金流LAURRHP
| Q4 25 | $26.4M | $58.5M | ||
| Q3 25 | $122.8M | $135.4M | ||
| Q2 25 | $60.8M | $53.0M | ||
| Q1 25 | $53.2M | $-14.5M | ||
| Q4 24 | $3.4M | $76.0M | ||
| Q3 24 | $110.7M | $85.7M | ||
| Q2 24 | $29.5M | $78.8M | ||
| Q1 24 | $17.3M | $-72.0M |
自由现金流率LAURRHP
| Q4 25 | 4.9% | 7.9% | ||
| Q3 25 | 30.7% | 22.9% | ||
| Q2 25 | 11.6% | 8.0% | ||
| Q1 25 | 22.5% | -2.5% | ||
| Q4 24 | 0.8% | 11.7% | ||
| Q3 24 | 30.0% | 15.6% | ||
| Q2 24 | 5.9% | 12.9% | ||
| Q1 24 | 6.3% | -13.6% |
资本支出强度LAURRHP
| Q4 25 | 12.4% | 14.4% | ||
| Q3 25 | 4.5% | 11.8% | ||
| Q2 25 | 2.5% | 10.5% | ||
| Q1 25 | 2.0% | 19.2% | ||
| Q4 24 | 8.8% | 14.0% | ||
| Q3 24 | 2.2% | 24.1% | ||
| Q2 24 | 2.1% | 17.2% | ||
| Q1 24 | 5.8% | 15.0% |
现金转化率LAURRHP
| Q4 25 | 0.54× | 2.21× | ||
| Q3 25 | 4.09× | 5.88× | ||
| Q2 25 | 0.78× | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 0.43× | 2.30× | ||
| Q3 24 | 1.39× | 3.70× | ||
| Q2 24 | 0.31× | 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
LAUR
| Mexico Segment | $275.9M | 51% |
| Peru Segment | $265.5M | 49% |
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% |
