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礼恩派（LEG）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
礼恩派的季度营收约是Ryman Hospitality Properties, Inc.的1.3倍（$938.6M vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 2.7%，领先7.4%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -11.2%），礼恩派自由现金流更多（$101.9M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -7.5%）
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
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。
LEG vs RHP — 直观对比
营收规模更大
LEG
是对方的1.3倍
$737.8M
营收增速更快
RHP
高出25.1%
-11.2%
净利率更高
RHP
高出7.4%
2.7%
自由现金流更多
LEG
多$43.4M
$58.5M
两年增速更快
RHP
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $938.6M | $737.8M |
| 净利润 | $25.1M | $74.5M |
| 毛利率 | 17.9% | 41.4% |
| 营业利润率 | 2.0% | 19.4% |
| 净利率 | 2.7% | 10.1% |
| 营收同比 | -11.2% | 13.9% |
| 净利润同比 | 76.8% | 3.0% |
| 每股收益（稀释后） | $0.18 | $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LEGRHP
| Q4 25 | $938.6M | $737.8M | ||
| Q3 25 | $1.0B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.0B | $587.3M | ||
| Q4 24 | $1.1B | $647.6M | ||
| Q3 24 | $1.1B | $550.0M | ||
| Q2 24 | $1.1B | $613.3M | ||
| Q1 24 | $1.1B | $528.3M |
净利润LEGRHP
| Q4 25 | $25.1M | $74.5M | ||
| Q3 25 | $127.1M | $34.9M | ||
| Q2 25 | $52.5M | $71.8M | ||
| Q1 25 | $30.6M | $63.0M | ||
| Q4 24 | $14.2M | $72.3M | ||
| Q3 24 | $44.9M | $59.0M | ||
| Q2 24 | $-602.2M | $100.8M | ||
| Q1 24 | $31.6M | $42.8M |
毛利率LEGRHP
| Q4 25 | 17.9% | 41.4% | ||
| Q3 25 | 18.7% | 40.9% | ||
| Q2 25 | 18.2% | 49.7% | ||
| Q1 25 | 18.6% | 44.4% | ||
| Q4 24 | 16.6% | 40.4% | ||
| Q3 24 | 18.2% | 43.1% | ||
| Q2 24 | 16.5% | 48.4% | ||
| Q1 24 | 17.0% | 41.5% |
营业利润率LEGRHP
| Q4 25 | 2.0% | 19.4% | ||
| Q3 25 | 14.9% | 15.0% | ||
| Q2 25 | 6.8% | 21.1% | ||
| Q1 25 | 4.4% | 19.8% | ||
| Q4 24 | 2.4% | 18.6% | ||
| Q3 24 | 5.2% | 19.3% | ||
| Q2 24 | -56.2% | 27.4% | ||
| Q1 24 | 3.9% | 18.2% |
净利率LEGRHP
| Q4 25 | 2.7% | 10.1% | ||
| Q3 25 | 12.3% | 5.9% | ||
| Q2 25 | 5.0% | 10.9% | ||
| Q1 25 | 3.0% | 10.7% | ||
| Q4 24 | 1.3% | 11.2% | ||
| Q3 24 | 4.1% | 10.7% | ||
| Q2 24 | -53.4% | 16.4% | ||
| Q1 24 | 2.9% | 8.1% |
每股收益（稀释后）LEGRHP
| Q4 25 | $0.18 | $1.12 | ||
| Q3 25 | $0.91 | $0.53 | ||
| Q2 25 | $0.38 | $1.12 | ||
| Q1 25 | $0.22 | $1.00 | ||
| Q4 24 | $0.10 | $1.12 | ||
| Q3 24 | $0.33 | $0.94 | ||
| Q2 24 | $-4.39 | $1.65 | ||
| Q1 24 | $0.23 | $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 | $587.4M | $471.4M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $1.0B | $750.2M |
| 总资产 | $3.5B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.46× | — |
8季度趋势，按日历期对齐
现金及短期投资LEGRHP
| Q4 25 | $587.4M | $471.4M | ||
| Q3 25 | $460.7M | $483.3M | ||
| Q2 25 | $368.8M | $420.6M | ||
| Q1 25 | $412.6M | $413.9M | ||
| Q4 24 | $350.2M | $477.7M | ||
| Q3 24 | $277.2M | $534.9M | ||
| Q2 24 | $307.0M | $498.4M | ||
| Q1 24 | $361.3M | $465.3M |
总债务LEGRHP
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.8B | — |
股东权益LEGRHP
| Q4 25 | $1.0B | $750.2M | ||
| Q3 25 | $971.8M | $758.5M | ||
| Q2 25 | $855.0M | $800.4M | ||
| Q1 25 | $746.8M | $531.5M | ||
| Q4 24 | $689.4M | $549.0M | ||
| Q3 24 | $741.0M | $551.9M | ||
| Q2 24 | $667.6M | $562.6M | ||
| Q1 24 | $1.3B | $529.9M |
总资产LEGRHP
| Q4 25 | $3.5B | $6.2B | ||
| Q3 25 | $3.5B | $6.2B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.7B | $5.2B | ||
| Q4 24 | $3.7B | $5.2B | ||
| Q3 24 | $3.8B | $5.2B | ||
| Q2 24 | $3.8B | $5.1B | ||
| Q1 24 | $4.6B | $5.1B |
负债/权益比LEGRHP
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 2.10× | — | ||
| Q1 25 | 2.59× | — | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 2.13× | — | ||
| Q2 24 | 2.55× | — | ||
| Q1 24 | 1.38× | — |
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 | $121.5M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $101.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 10.9% | 7.9% |
| 资本支出强度资本支出/营收 | 2.1% | 14.4% |
| 现金转化率经营现金流/净利润 | 4.84× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $281.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流LEGRHP
| Q4 25 | $121.5M | $164.7M | ||
| Q3 25 | $125.9M | $205.2M | ||
| Q2 25 | $84.0M | $122.5M | ||
| Q1 25 | $6.8M | $98.2M | ||
| Q4 24 | $122.3M | $166.6M | ||
| Q3 24 | $95.5M | $218.1M | ||
| Q2 24 | $94.0M | $184.3M | ||
| Q1 24 | $-6.1M | $7.5M |
自由现金流LEGRHP
| Q4 25 | $101.9M | $58.5M | ||
| Q3 25 | $110.1M | $135.4M | ||
| Q2 25 | $75.5M | $53.0M | ||
| Q1 25 | $-6.5M | $-14.5M | ||
| Q4 24 | $100.5M | $76.0M | ||
| Q3 24 | $77.1M | $85.7M | ||
| Q2 24 | $78.5M | $78.8M | ||
| Q1 24 | $-32.0M | $-72.0M |
自由现金流率LEGRHP
| Q4 25 | 10.9% | 7.9% | ||
| Q3 25 | 10.6% | 22.9% | ||
| Q2 25 | 7.1% | 8.0% | ||
| Q1 25 | -0.6% | -2.5% | ||
| Q4 24 | 9.5% | 11.7% | ||
| Q3 24 | 7.0% | 15.6% | ||
| Q2 24 | 7.0% | 12.9% | ||
| Q1 24 | -2.9% | -13.6% |
资本支出强度LEGRHP
| Q4 25 | 2.1% | 14.4% | ||
| Q3 25 | 1.5% | 11.8% | ||
| Q2 25 | 0.8% | 10.5% | ||
| Q1 25 | 1.3% | 19.2% | ||
| Q4 24 | 2.1% | 14.0% | ||
| Q3 24 | 1.7% | 24.1% | ||
| Q2 24 | 1.4% | 17.2% | ||
| Q1 24 | 2.4% | 15.0% |
现金转化率LEGRHP
| Q4 25 | 4.84× | 2.21× | ||
| Q3 25 | 0.99× | 5.88× | ||
| Q2 25 | 1.60× | 1.71× | ||
| Q1 25 | 0.22× | 1.56× | ||
| Q4 24 | 8.61× | 2.30× | ||
| Q3 24 | 2.13× | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | -0.19× | 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
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
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% |
