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雷诺士国际（LII）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
雷诺士国际的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），雷诺士国际净利率更高（13.6% vs 10.1%，领先3.5%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -11.2%），雷诺士国际自由现金流更多（$376.7M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 6.8%）
雷诺士国际是美国知名的暖通空调（HVAC）及制冷领域气候控制产品供应商，总部位于得克萨斯州理查森。公司在墨西哥萨尔蒂约、美国爱荷华州马歇尔敦、南卡罗来纳州奥兰治堡设有核心生产基地，1904年收购公司的诺里斯家族后裔约翰·W·诺里斯三世持有其9.8%的股份。
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。
LII vs RHP — 直观对比
营收规模更大
LII
是对方的1.6倍
$737.8M
营收增速更快
RHP
高出25.1%
-11.2%
净利率更高
LII
高出3.5%
10.1%
自由现金流更多
LII
多$318.2M
$58.5M
两年增速更快
RHP
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | $162.1M | $74.5M |
| 毛利率 | 34.7% | 41.4% |
| 营业利润率 | 18.6% | 19.4% |
| 净利率 | 13.6% | 10.1% |
| 营收同比 | -11.2% | 13.9% |
| 净利润同比 | -18.0% | 3.0% |
| 每股收益（稀释后） | $4.62 | $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LIIRHP
| Q4 25 | $1.2B | $737.8M | ||
| Q3 25 | $1.4B | $592.5M | ||
| Q2 25 | $1.5B | $659.5M | ||
| Q1 25 | $1.1B | $587.3M | ||
| Q4 24 | $1.3B | $647.6M | ||
| Q3 24 | $1.5B | $550.0M | ||
| Q2 24 | $1.5B | $613.3M | ||
| Q1 24 | $1.0B | $528.3M |
净利润LIIRHP
| Q4 25 | $162.1M | $74.5M | ||
| Q3 25 | $245.8M | $34.9M | ||
| Q2 25 | $277.6M | $71.8M | ||
| Q1 25 | $120.3M | $63.0M | ||
| Q4 24 | $197.7M | $72.3M | ||
| Q3 24 | $239.0M | $59.0M | ||
| Q2 24 | $245.9M | $100.8M | ||
| Q1 24 | $124.3M | $42.8M |
毛利率LIIRHP
| Q4 25 | 34.7% | 41.4% | ||
| Q3 25 | 32.8% | 40.9% | ||
| Q2 25 | 34.8% | 49.7% | ||
| Q1 25 | 30.6% | 44.4% | ||
| Q4 24 | 33.9% | 40.4% | ||
| Q3 24 | 32.6% | 43.1% | ||
| Q2 24 | 33.6% | 48.4% | ||
| Q1 24 | 32.5% | 41.5% |
营业利润率LIIRHP
| Q4 25 | 18.6% | 19.4% | ||
| Q3 25 | 21.7% | 15.0% | ||
| Q2 25 | 23.6% | 21.1% | ||
| Q1 25 | 14.5% | 19.8% | ||
| Q4 24 | 18.2% | 18.6% | ||
| Q3 24 | 20.2% | 19.3% | ||
| Q2 24 | 22.1% | 27.4% | ||
| Q1 24 | 15.9% | 18.2% |
净利率LIIRHP
| Q4 25 | 13.6% | 10.1% | ||
| Q3 25 | 17.2% | 5.9% | ||
| Q2 25 | 18.5% | 10.9% | ||
| Q1 25 | 11.2% | 10.7% | ||
| Q4 24 | 14.7% | 11.2% | ||
| Q3 24 | 16.0% | 10.7% | ||
| Q2 24 | 16.9% | 16.4% | ||
| Q1 24 | 11.9% | 8.1% |
每股收益（稀释后）LIIRHP
| Q4 25 | $4.62 | $1.12 | ||
| Q3 25 | $6.98 | $0.53 | ||
| Q2 25 | $7.82 | $1.12 | ||
| Q1 25 | $3.37 | $1.00 | ||
| Q4 24 | $5.52 | $1.12 | ||
| Q3 24 | $6.68 | $0.94 | ||
| Q2 24 | $6.87 | $1.65 | ||
| Q1 24 | $3.47 | $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 | $34.7M | $471.4M |
| 总债务越低越好 | $1.1B | — |
| 股东权益账面价值 | $1.2B | $750.2M |
| 总资产 | $4.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.98× | — |
8季度趋势，按日历期对齐
现金及短期投资LIIRHP
| Q4 25 | $34.7M | $471.4M | ||
| Q3 25 | $59.2M | $483.3M | ||
| Q2 25 | $55.1M | $420.6M | ||
| Q1 25 | $222.9M | $413.9M | ||
| Q4 24 | $422.3M | $477.7M | ||
| Q3 24 | $255.7M | $534.9M | ||
| Q2 24 | $57.8M | $498.4M | ||
| Q1 24 | $57.6M | $465.3M |
总债务LIIRHP
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | — | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
股东权益LIIRHP
| Q4 25 | $1.2B | $750.2M | ||
| Q3 25 | $1.1B | $758.5M | ||
| Q2 25 | $900.5M | $800.4M | ||
| Q1 25 | $852.5M | $531.5M | ||
| Q4 24 | $850.2M | $549.0M | ||
| Q3 24 | $754.0M | $551.9M | ||
| Q2 24 | $577.4M | $562.6M | ||
| Q1 24 | $368.8M | $529.9M |
总资产LIIRHP
| Q4 25 | $4.1B | $6.2B | ||
| Q3 25 | $3.5B | $6.2B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.5B | $5.2B | ||
| Q4 24 | $3.5B | $5.2B | ||
| Q3 24 | $3.3B | $5.2B | ||
| Q2 24 | $3.2B | $5.1B | ||
| Q1 24 | $3.0B | $5.1B |
负债/权益比LIIRHP
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | 3.13× | — |
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 | $405.9M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $376.7M | $58.5M |
| 自由现金流率自由现金流/营收 | 31.5% | 7.9% |
| 资本支出强度资本支出/营收 | 2.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.50× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $638.8M | $232.4M |
8季度趋势，按日历期对齐
经营现金流LIIRHP
| Q4 25 | $405.9M | $164.7M | ||
| Q3 25 | $300.7M | $205.2M | ||
| Q2 25 | $86.8M | $122.5M | ||
| Q1 25 | $-35.8M | $98.2M | ||
| Q4 24 | $332.4M | $166.6M | ||
| Q3 24 | $452.1M | $218.1M | ||
| Q2 24 | $184.0M | $184.3M | ||
| Q1 24 | $-22.8M | $7.5M |
自由现金流LIIRHP
| Q4 25 | $376.7M | $58.5M | ||
| Q3 25 | $265.1M | $135.4M | ||
| Q2 25 | $58.3M | $53.0M | ||
| Q1 25 | $-61.3M | $-14.5M | ||
| Q4 24 | $272.2M | $76.0M | ||
| Q3 24 | $410.9M | $85.7M | ||
| Q2 24 | $151.3M | $78.8M | ||
| Q1 24 | $-52.3M | $-72.0M |
自由现金流率LIIRHP
| Q4 25 | 31.5% | 7.9% | ||
| Q3 25 | 18.6% | 22.9% | ||
| Q2 25 | 3.9% | 8.0% | ||
| Q1 25 | -5.7% | -2.5% | ||
| Q4 24 | 20.2% | 11.7% | ||
| Q3 24 | 27.4% | 15.6% | ||
| Q2 24 | 10.4% | 12.9% | ||
| Q1 24 | -5.0% | -13.6% |
资本支出强度LIIRHP
| Q4 25 | 2.4% | 14.4% | ||
| Q3 25 | 2.5% | 11.8% | ||
| Q2 25 | 1.9% | 10.5% | ||
| Q1 25 | 2.4% | 19.2% | ||
| Q4 24 | 4.5% | 14.0% | ||
| Q3 24 | 2.8% | 24.1% | ||
| Q2 24 | 2.3% | 17.2% | ||
| Q1 24 | 2.8% | 15.0% |
现金转化率LIIRHP
| Q4 25 | 2.50× | 2.21× | ||
| Q3 25 | 1.22× | 5.88× | ||
| Q2 25 | 0.31× | 1.71× | ||
| Q1 25 | -0.30× | 1.56× | ||
| Q4 24 | 1.68× | 2.30× | ||
| Q3 24 | 1.89× | 3.70× | ||
| Q2 24 | 0.75× | 1.83× | ||
| Q1 24 | -0.18× | 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
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
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% |
