vs
LivaNova PLC（LIVN）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LivaNova PLC的1.8倍（$664.6M vs $360.9M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs 8.6%，领先1.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.2% vs 12.1%），过去两年LivaNova PLC的营收复合增速更高（10.6% vs 4.1%）
LivaNova PLC是一家深耕医疗设备领域的企业，总部位于英国，核心业务为研发心脏外科及神经调控类医疗设备。该公司由美国Cyberonics公司与意大利Sorin公司于2015年以27亿美元对价合并成立，目前在纳斯达克挂牌交易，股票代码为LIVN。
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。
LIVN vs RHP — 直观对比
营收规模更大
RHP
是对方的1.8倍
$360.9M
营收增速更快
RHP
高出1.0%
12.1%
净利率更高
RHP
高出1.9%
8.6%
两年增速更快
LIVN
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $360.9M | $664.6M |
| 净利润 | $30.9M | $69.4M |
| 毛利率 | 65.2% | — |
| 营业利润率 | 11.8% | 20.7% |
| 净利率 | 8.6% | 10.4% |
| 营收同比 | 12.1% | 13.2% |
| 净利润同比 | -44.7% | 10.1% |
| 每股收益（稀释后） | $0.57 | $1.03 |
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LIVNRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $360.9M | $737.8M | ||
| Q3 25 | $357.8M | $592.5M | ||
| Q2 25 | $352.5M | $659.5M | ||
| Q1 25 | $316.9M | $587.3M | ||
| Q4 24 | $321.8M | $647.6M | ||
| Q3 24 | $318.1M | $550.0M | ||
| Q2 24 | $318.6M | $613.3M |
净利润LIVNRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $30.9M | $74.5M | ||
| Q3 25 | $26.8M | $34.9M | ||
| Q2 25 | $27.2M | $71.8M | ||
| Q1 25 | $-327.3M | $63.0M | ||
| Q4 24 | $55.9M | $72.3M | ||
| Q3 24 | $33.0M | $59.0M | ||
| Q2 24 | $16.3M | $100.8M |
毛利率LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | 65.2% | 41.4% | ||
| Q3 25 | 68.4% | 40.9% | ||
| Q2 25 | 67.8% | 49.7% | ||
| Q1 25 | 69.7% | 44.4% | ||
| Q4 24 | 68.2% | 40.4% | ||
| Q3 24 | 70.8% | 43.1% | ||
| Q2 24 | 68.7% | 48.4% |
营业利润率LIVNRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 11.8% | 19.4% | ||
| Q3 25 | 15.1% | 15.0% | ||
| Q2 25 | 15.4% | 21.1% | ||
| Q1 25 | 15.3% | 19.8% | ||
| Q4 24 | 11.5% | 18.6% | ||
| Q3 24 | 11.2% | 19.3% | ||
| Q2 24 | 12.6% | 27.4% |
净利率LIVNRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 8.6% | 10.1% | ||
| Q3 25 | 7.5% | 5.9% | ||
| Q2 25 | 7.7% | 10.9% | ||
| Q1 25 | -103.3% | 10.7% | ||
| Q4 24 | 17.4% | 11.2% | ||
| Q3 24 | 10.4% | 10.7% | ||
| Q2 24 | 5.1% | 16.4% |
每股收益（稀释后）LIVNRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $0.57 | $1.12 | ||
| Q3 25 | $0.49 | $0.53 | ||
| Q2 25 | $0.50 | $1.12 | ||
| Q1 25 | $-6.01 | $1.00 | ||
| Q4 24 | $1.04 | $1.12 | ||
| Q3 24 | $0.60 | $0.94 | ||
| Q2 24 | $0.30 | $1.65 |
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 | $635.6M | — |
| 总债务越低越好 | $376.1M | — |
| 股东权益账面价值 | $1.2B | $770.8M |
| 总资产 | $2.6B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | $635.6M | $471.4M | ||
| Q3 25 | $646.1M | $483.3M | ||
| Q2 25 | $593.6M | $420.6M | ||
| Q1 25 | $738.4M | $413.9M | ||
| Q4 24 | $428.9M | $477.7M | ||
| Q3 24 | $346.4M | $534.9M | ||
| Q2 24 | $329.2M | $498.4M |
总债务LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | $376.1M | — | ||
| Q3 25 | $434.5M | — | ||
| Q2 25 | $430.6M | — | ||
| Q1 25 | $628.2M | — | ||
| Q4 24 | $627.0M | — | ||
| Q3 24 | $625.5M | — | ||
| Q2 24 | $624.5M | — |
股东权益LIVNRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $1.2B | $750.2M | ||
| Q3 25 | $1.2B | $758.5M | ||
| Q2 25 | $1.1B | $800.4M | ||
| Q1 25 | $1.0B | $531.5M | ||
| Q4 24 | $1.3B | $549.0M | ||
| Q3 24 | $1.3B | $551.9M | ||
| Q2 24 | $1.2B | $562.6M |
总资产LIVNRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.6B | $6.2B | ||
| Q3 25 | $2.6B | $6.2B | ||
| Q2 25 | $2.5B | $6.1B | ||
| Q1 25 | $2.6B | $5.2B | ||
| Q4 24 | $2.5B | $5.2B | ||
| Q3 24 | $2.5B | $5.2B | ||
| Q2 24 | $2.5B | $5.1B |
负债/权益比LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.50× | — |
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 | $82.4M | — |
| 自由现金流经营现金流 - 资本支出 | $50.2M | — |
| 自由现金流率自由现金流/营收 | 13.9% | — |
| 资本支出强度资本支出/营收 | 8.9% | — |
| 现金转化率经营现金流/净利润 | 2.67× | — |
| 过去12个月自由现金流最近4个季度 | $173.3M | — |
8季度趋势，按日历期对齐
经营现金流LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | $82.4M | $164.7M | ||
| Q3 25 | $85.1M | $205.2M | ||
| Q2 25 | $62.9M | $122.5M | ||
| Q1 25 | $24.0M | $98.2M | ||
| Q4 24 | $78.7M | $166.6M | ||
| Q3 24 | $51.0M | $218.1M | ||
| Q2 24 | $43.4M | $184.3M |
自由现金流LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | $50.2M | $58.5M | ||
| Q3 25 | $62.2M | $135.4M | ||
| Q2 25 | $47.8M | $53.0M | ||
| Q1 25 | $13.2M | $-14.5M | ||
| Q4 24 | $68.3M | $76.0M | ||
| Q3 24 | $32.8M | $85.7M | ||
| Q2 24 | $31.2M | $78.8M |
自由现金流率LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | 13.9% | 7.9% | ||
| Q3 25 | 17.4% | 22.9% | ||
| Q2 25 | 13.6% | 8.0% | ||
| Q1 25 | 4.2% | -2.5% | ||
| Q4 24 | 21.2% | 11.7% | ||
| Q3 24 | 10.3% | 15.6% | ||
| Q2 24 | 9.8% | 12.9% |
资本支出强度LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 14.4% | ||
| Q3 25 | 6.4% | 11.8% | ||
| Q2 25 | 4.3% | 10.5% | ||
| Q1 25 | 3.4% | 19.2% | ||
| Q4 24 | 3.2% | 14.0% | ||
| Q3 24 | 5.7% | 24.1% | ||
| Q2 24 | 3.8% | 17.2% |
现金转化率LIVNRHP
| Q1 26 | — | — | ||
| Q4 25 | 2.67× | 2.21× | ||
| Q3 25 | 3.18× | 5.88× | ||
| Q2 25 | 2.32× | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 1.41× | 2.30× | ||
| Q3 24 | 1.55× | 3.70× | ||
| Q2 24 | 2.65× | 1.83× |
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
LIVN
| Other | $169.4M | 47% |
| Neuromodulation Segment | $119.7M | 33% |
| Cardiopulmonary Segment | $71.8M | 20% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
