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朗美通（LITE）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.的季度营收约是朗美通的1.1倍（$737.8M vs $665.5M），朗美通净利率更高（11.8% vs 10.1%，领先1.7%），朗美通同比增速更快（65.5% vs 13.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% vs 18.2%）
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
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。
LITE vs RHP — 直观对比
营收规模更大
RHP
是对方的1.1倍
$665.5M
营收增速更快
LITE
高出51.5%
13.9%
净利率更高
LITE
高出1.7%
10.1%
自由现金流更多
RHP
多$15.4M
$43.1M
两年增速更快
LITE
近两年复合增速
18.2%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $665.5M | $737.8M |
| 净利润 | $78.2M | $74.5M |
| 毛利率 | 36.1% | 41.4% |
| 营业利润率 | 9.7% | 19.4% |
| 净利率 | 11.8% | 10.1% |
| 营收同比 | 65.5% | 13.9% |
| 净利润同比 | 228.4% | 3.0% |
| 每股收益（稀释后） | $0.89 | $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LITERHP
| Q4 25 | $665.5M | $737.8M | ||
| Q3 25 | $533.8M | $592.5M | ||
| Q2 25 | $480.7M | $659.5M | ||
| Q1 25 | $425.2M | $587.3M | ||
| Q4 24 | $402.2M | $647.6M | ||
| Q3 24 | $336.9M | $550.0M | ||
| Q2 24 | $308.3M | $613.3M | ||
| Q1 24 | $366.5M | $528.3M |
净利润LITERHP
| Q4 25 | $78.2M | $74.5M | ||
| Q3 25 | $4.2M | $34.9M | ||
| Q2 25 | $213.3M | $71.8M | ||
| Q1 25 | $-44.1M | $63.0M | ||
| Q4 24 | $-60.9M | $72.3M | ||
| Q3 24 | $-82.4M | $59.0M | ||
| Q2 24 | $-252.5M | $100.8M | ||
| Q1 24 | $-127.0M | $42.8M |
毛利率LITERHP
| Q4 25 | 36.1% | 41.4% | ||
| Q3 25 | 34.0% | 40.9% | ||
| Q2 25 | 33.3% | 49.7% | ||
| Q1 25 | 28.8% | 44.4% | ||
| Q4 24 | 24.8% | 40.4% | ||
| Q3 24 | 23.1% | 43.1% | ||
| Q2 24 | 16.6% | 48.4% | ||
| Q1 24 | 16.2% | 41.5% |
营业利润率LITERHP
| Q4 25 | 9.7% | 19.4% | ||
| Q3 25 | 1.3% | 15.0% | ||
| Q2 25 | -1.7% | 21.1% | ||
| Q1 25 | -8.9% | 19.8% | ||
| Q4 24 | -12.8% | 18.6% | ||
| Q3 24 | -24.5% | 19.3% | ||
| Q2 24 | -43.3% | 27.4% | ||
| Q1 24 | -31.3% | 18.2% |
净利率LITERHP
| Q4 25 | 11.8% | 10.1% | ||
| Q3 25 | 0.8% | 5.9% | ||
| Q2 25 | 44.4% | 10.9% | ||
| Q1 25 | -10.4% | 10.7% | ||
| Q4 24 | -15.1% | 11.2% | ||
| Q3 24 | -24.5% | 10.7% | ||
| Q2 24 | -81.9% | 16.4% | ||
| Q1 24 | -34.7% | 8.1% |
每股收益（稀释后）LITERHP
| Q4 25 | $0.89 | $1.12 | ||
| Q3 25 | $0.05 | $0.53 | ||
| Q2 25 | $3.10 | $1.12 | ||
| Q1 25 | $-0.64 | $1.00 | ||
| Q4 24 | $-0.88 | $1.12 | ||
| Q3 24 | $-1.21 | $0.94 | ||
| Q2 24 | $-3.75 | $1.65 | ||
| Q1 24 | $-1.88 | $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 | $1.2B | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $846.6M | $750.2M |
| 总资产 | $4.8B | $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LITERHP
| Q4 25 | $1.2B | $471.4M | ||
| Q3 25 | $1.1B | $483.3M | ||
| Q2 25 | $877.1M | $420.6M | ||
| Q1 25 | $866.7M | $413.9M | ||
| Q4 24 | $896.7M | $477.7M | ||
| Q3 24 | $916.1M | $534.9M | ||
| Q2 24 | $887.0M | $498.4M | ||
| Q1 24 | $870.9M | $465.3M |
股东权益LITERHP
| Q4 25 | $846.6M | $750.2M | ||
| Q3 25 | $780.8M | $758.5M | ||
| Q2 25 | $1.1B | $800.4M | ||
| Q1 25 | $879.5M | $531.5M | ||
| Q4 24 | $872.3M | $549.0M | ||
| Q3 24 | $895.9M | $551.9M | ||
| Q2 24 | $957.3M | $562.6M | ||
| Q1 24 | $1.2B | $529.9M |
总资产LITERHP
| Q4 25 | $4.8B | $6.2B | ||
| Q3 25 | $4.6B | $6.2B | ||
| Q2 25 | $4.2B | $6.1B | ||
| Q1 25 | $4.0B | $5.2B | ||
| Q4 24 | $4.0B | $5.2B | ||
| Q3 24 | $4.0B | $5.2B | ||
| Q2 24 | $3.9B | $5.1B | ||
| Q1 24 | $4.2B | $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 | $126.7M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $43.1M | $58.5M |
| 自由现金流率自由现金流/营收 | 6.5% | 7.9% |
| 资本支出强度资本支出/营收 | 12.6% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $-29.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流LITERHP
| Q4 25 | $126.7M | $164.7M | ||
| Q3 25 | $57.9M | $205.2M | ||
| Q2 25 | $64.0M | $122.5M | ||
| Q1 25 | $-1.6M | $98.2M | ||
| Q4 24 | $24.3M | $166.6M | ||
| Q3 24 | $39.6M | $218.1M | ||
| Q2 24 | $35.5M | $184.3M | ||
| Q1 24 | $-7.0M | $7.5M |
自由现金流LITERHP
| Q4 25 | $43.1M | $58.5M | ||
| Q3 25 | $-18.3M | $135.4M | ||
| Q2 25 | $10.1M | $53.0M | ||
| Q1 25 | $-64.4M | $-14.5M | ||
| Q4 24 | $-15.9M | $76.0M | ||
| Q3 24 | $-34.5M | $85.7M | ||
| Q2 24 | $10.9M | $78.8M | ||
| Q1 24 | $-26.6M | $-72.0M |
自由现金流率LITERHP
| Q4 25 | 6.5% | 7.9% | ||
| Q3 25 | -3.4% | 22.9% | ||
| Q2 25 | 2.1% | 8.0% | ||
| Q1 25 | -15.1% | -2.5% | ||
| Q4 24 | -4.0% | 11.7% | ||
| Q3 24 | -10.2% | 15.6% | ||
| Q2 24 | 3.5% | 12.9% | ||
| Q1 24 | -7.3% | -13.6% |
资本支出强度LITERHP
| Q4 25 | 12.6% | 14.4% | ||
| Q3 25 | 14.3% | 11.8% | ||
| Q2 25 | 11.2% | 10.5% | ||
| Q1 25 | 14.8% | 19.2% | ||
| Q4 24 | 10.0% | 14.0% | ||
| Q3 24 | 22.0% | 24.1% | ||
| Q2 24 | 8.0% | 17.2% | ||
| Q1 24 | 5.3% | 15.0% |
现金转化率LITERHP
| Q4 25 | 1.62× | 2.21× | ||
| Q3 25 | 13.79× | 5.88× | ||
| Q2 25 | 0.30× | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 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
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
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% |
