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La Rosa Holdings Corp.（LRHC）与MARRIOTT VACATIONS WORLDWIDE Corp（VAC）财务数据对比。点击上方公司名可切换其他公司
MARRIOTT VACATIONS WORLDWIDE Corp的季度营收约是La Rosa Holdings Corp.的60.9倍（$1.2B vs $20.2M）。La Rosa Holdings Corp.净利率更高（-27.4% vs -35.0%，领先7.6%）。La Rosa Holdings Corp.同比增速更快（3.2% vs -0.7%）。过去两年La Rosa Holdings Corp.的营收复合增速更高（72.5% vs 5.2%）
拉罗萨控股旗下的万拉罗萨父子通心粉公司由西西里移民文森佐·拉罗萨于1914年创立，发展至今已成为美国规模领先的区域知名食品品牌，可生产四十余种意面产品，在当地市场拥有较高的认可度。
万豪度假环球集团是专注于分时度假业务的公众企业，原为万豪国际集团旗下业务板块，2011年11月分拆为独立上市公司，核心业务为度假所有权运营。目前集团运营超过120家度假村，在万豪度假俱乐部品牌矩阵下拥有超70万名业主及会员，产品覆盖多个度假消费场景。
LRHC vs VAC — 直观对比
营收规模更大
VAC
是对方的60.9倍
$20.2M
营收增速更快
LRHC
高出3.9%
-0.7%
净利率更高
LRHC
高出7.6%
-35.0%
两年增速更快
LRHC
近两年复合增速
5.2%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $20.2M | $1.2B |
| 净利润 | $-5.5M | $-431.0M |
| 毛利率 | 8.4% | — |
| 营业利润率 | -24.7% | — |
| 净利率 | -27.4% | -35.0% |
| 营收同比 | 3.2% | -0.7% |
| 净利润同比 | -125.7% | -962.0% |
| 每股收益（稀释后） | $-5.44 | $-12.00 |
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LRHCVAC
| Q4 25 | — | $1.2B | ||
| Q3 25 | $20.2M | $1.2B | ||
| Q2 25 | $23.2M | $1.2B | ||
| Q1 25 | $17.5M | $1.1B | ||
| Q4 24 | $17.7M | $1.2B | ||
| Q3 24 | $19.6M | $1.2B | ||
| Q2 24 | $19.1M | $1.1B | ||
| Q1 24 | $13.1M | $1.1B |
净利润LRHCVAC
| Q4 25 | — | $-431.0M | ||
| Q3 25 | $-5.5M | $-2.0M | ||
| Q2 25 | $78.4M | $69.0M | ||
| Q1 25 | $-95.7M | $56.0M | ||
| Q4 24 | $-5.1M | $50.0M | ||
| Q3 24 | $-2.5M | $84.0M | ||
| Q2 24 | $-2.3M | $37.0M | ||
| Q1 24 | $-4.6M | $47.0M |
毛利率LRHCVAC
| Q4 25 | — | — | ||
| Q3 25 | 8.4% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 8.8% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 8.9% | — |
营业利润率LRHCVAC
| Q4 25 | — | — | ||
| Q3 25 | -24.7% | — | ||
| Q2 25 | -10.6% | — | ||
| Q1 25 | -26.7% | — | ||
| Q4 24 | -17.1% | — | ||
| Q3 24 | -8.9% | — | ||
| Q2 24 | -9.7% | — | ||
| Q1 24 | -35.0% | — |
净利率LRHCVAC
| Q4 25 | — | -35.0% | ||
| Q3 25 | -27.4% | -0.2% | ||
| Q2 25 | 337.8% | 6.0% | ||
| Q1 25 | -546.5% | 5.0% | ||
| Q4 24 | -28.7% | 4.0% | ||
| Q3 24 | -12.5% | 6.9% | ||
| Q2 24 | -12.2% | 3.5% | ||
| Q1 24 | -35.1% | 4.2% |
每股收益（稀释后）LRHCVAC
| Q4 25 | — | $-12.00 | ||
| Q3 25 | $-5.44 | $-0.07 | ||
| Q2 25 | $15.25 | $1.77 | ||
| Q1 25 | $-5.86 | $1.46 | ||
| Q4 24 | $28.54 | $1.29 | ||
| Q3 24 | $-16.49 | $2.12 | ||
| Q2 24 | $-12.49 | $0.98 | ||
| Q1 24 | $-0.35 | $1.22 |
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 | $4.0M | $406.0M |
| 总债务越低越好 | $642.8K | — |
| 股东权益账面价值 | $1.6M | $2.0B |
| 总资产 | $21.7M | $9.8B |
| 负债/权益比越低杠杆越低 | 0.41× | — |
8季度趋势，按日历期对齐
现金及短期投资LRHCVAC
| Q4 25 | — | $406.0M | ||
| Q3 25 | $4.0M | $474.0M | ||
| Q2 25 | $5.1M | $205.0M | ||
| Q1 25 | $2.9M | $196.0M | ||
| Q4 24 | $1.4M | $197.0M | ||
| Q3 24 | $1.8M | $197.0M | ||
| Q2 24 | $1.6M | $206.0M | ||
| Q1 24 | $1.1M | $237.0M |
总债务LRHCVAC
| Q4 25 | — | — | ||
| Q3 25 | $642.8K | — | ||
| Q2 25 | $644.3K | — | ||
| Q1 25 | $645.9K | — | ||
| Q4 24 | $647.6K | — | ||
| Q3 24 | $649.2K | — | ||
| Q2 24 | $650.8K | — | ||
| Q1 24 | $652.4K | — |
股东权益LRHCVAC
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.6M | $2.5B | ||
| Q2 25 | $3.4M | $2.5B | ||
| Q1 25 | $-87.5M | $2.4B | ||
| Q4 24 | $2.6M | $2.4B | ||
| Q3 24 | $5.0M | $2.4B | ||
| Q2 24 | $4.7M | $2.4B | ||
| Q1 24 | $5.6M | $2.4B |
总资产LRHCVAC
| Q4 25 | — | $9.8B | ||
| Q3 25 | $21.7M | $10.1B | ||
| Q2 25 | $22.9M | $9.9B | ||
| Q1 25 | $21.0M | $9.9B | ||
| Q4 24 | $19.4M | $9.8B | ||
| Q3 24 | $19.7M | $9.7B | ||
| Q2 24 | $18.7M | $9.6B | ||
| Q1 24 | $16.3M | $9.9B |
负债/权益比LRHCVAC
| Q4 25 | — | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.12× | — |
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 | $-1.3M | $6.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-6.0M |
| 自由现金流率自由现金流/营收 | — | -0.5% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-29.0M |
8季度趋势，按日历期对齐
经营现金流LRHCVAC
| Q4 25 | — | $6.0M | ||
| Q3 25 | $-1.3M | $62.0M | ||
| Q2 25 | $-1.4M | $-48.0M | ||
| Q1 25 | $-3.5M | $8.0M | ||
| Q4 24 | $-1.1M | $100.0M | ||
| Q3 24 | $-591.6K | $72.0M | ||
| Q2 24 | $-803.1K | $30.0M | ||
| Q1 24 | $-538.3K | $3.0M |
自由现金流LRHCVAC
| Q4 25 | — | $-6.0M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $-68.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $-13.0M |
自由现金流率LRHCVAC
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | -1.2% |
资本支出强度LRHCVAC
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.4% |
现金转化率LRHCVAC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.02× | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.06× |
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
LRHC
| Real Estate Residential Brokerage Services | $16.8M | 83% |
| Transferred Over Time | $3.5M | 17% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
