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万豪国际（MAR）与Truist Financial（TFC）财务数据对比。点击上方公司名可切换其他公司
万豪国际的季度营收约是Truist Financial的1.8倍（$6.7B vs $3.7B），Truist Financial净利率更高（36.6% vs 6.7%，领先29.9%），万豪国际同比增速更快（4.1% vs 3.1%），过去两年万豪国际的营收复合增速更高（5.8% vs 4.8%）
万豪国际是美国跨国酒店管理集团，主营业务为运营、特许经营及授权各类住宿品牌，覆盖酒店、住宅、分时度假等多元物业类型。集团旗下拥有37个以上酒店及时度假品牌，全球布局9000余处经营点位，客房总量超159万间，总部位于美国马里兰州贝塞斯达，脱胎于原万豪集团的酒店业务板块。
Truist Financial是美国银行控股公司，总部位于北卡罗来纳州夏洛特，2019年12月由BB&T与SunTrust合并组建。旗下银行在15个州及华盛顿特区共运营1928家网点，提供零售、商业、投资银行、证券经纪、资产管理、抵押贷款、保险等多元金融产品服务，为美国第十大银行，总资产达5230亿美元。
MAR vs TFC — 直观对比
营收规模更大
MAR
是对方的1.8倍
$3.7B
营收增速更快
MAR
高出1.0%
3.1%
净利率更高
TFC
高出29.9%
6.7%
两年增速更快
MAR
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $6.7B | $3.7B |
| 净利润 | $445.0M | $1.4B |
| 毛利率 | — | — |
| 营业利润率 | 11.6% | 42.3% |
| 净利率 | 6.7% | 36.6% |
| 营收同比 | 4.1% | 3.1% |
| 净利润同比 | -2.2% | 6.1% |
| 每股收益（稀释后） | $1.67 | $1.01 |
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MARTFC
| Q4 25 | $6.7B | $3.7B | ||
| Q3 25 | $6.5B | $3.6B | ||
| Q2 25 | $6.7B | $3.6B | ||
| Q1 25 | $6.3B | $3.5B | ||
| Q4 24 | $6.4B | $3.6B | ||
| Q3 24 | $6.3B | $3.6B | ||
| Q2 24 | $6.4B | $3.5B | ||
| Q1 24 | $6.0B | $3.4B |
净利润MARTFC
| Q4 25 | $445.0M | $1.4B | ||
| Q3 25 | $728.0M | $1.5B | ||
| Q2 25 | $763.0M | $1.2B | ||
| Q1 25 | $665.0M | $1.3B | ||
| Q4 24 | $455.0M | $1.3B | ||
| Q3 24 | $584.0M | $1.4B | ||
| Q2 24 | $772.0M | $922.0M | ||
| Q1 24 | $564.0M | $1.2B |
营业利润率MARTFC
| Q4 25 | 11.6% | 42.3% | ||
| Q3 25 | 18.2% | 47.9% | ||
| Q2 25 | 18.3% | 42.2% | ||
| Q1 25 | 15.1% | 43.8% | ||
| Q4 24 | 11.7% | 43.3% | ||
| Q3 24 | 15.1% | 47.5% | ||
| Q2 24 | 18.6% | -148.3% | ||
| Q1 24 | 14.7% | 40.5% |
净利率MARTFC
| Q4 25 | 6.7% | 36.6% | ||
| Q3 25 | 11.2% | 40.0% | ||
| Q2 25 | 11.3% | 34.6% | ||
| Q1 25 | 10.6% | 36.0% | ||
| Q4 24 | 7.1% | 35.5% | ||
| Q3 24 | 9.3% | 40.0% | ||
| Q2 24 | 12.0% | 26.1% | ||
| Q1 24 | 9.4% | 35.6% |
每股收益（稀释后）MARTFC
| Q4 25 | $1.67 | $1.01 | ||
| Q3 25 | $2.67 | $1.04 | ||
| Q2 25 | $2.78 | $0.90 | ||
| Q1 25 | $2.39 | $0.87 | ||
| Q4 24 | $1.64 | $0.94 | ||
| Q3 24 | $2.07 | $0.99 | ||
| Q2 24 | $2.69 | $0.62 | ||
| Q1 24 | $1.93 | $0.81 |
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 | $358.0M | — |
| 总债务越低越好 | $15.0B | $42.0B |
| 股东权益账面价值 | $-3.8B | $65.2B |
| 总资产 | $27.5B | $547.5B |
| 负债/权益比越低杠杆越低 | — | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资MARTFC
| Q4 25 | $358.0M | — | ||
| Q3 25 | $678.0M | — | ||
| Q2 25 | $671.0M | — | ||
| Q1 25 | $523.0M | — | ||
| Q4 24 | $396.0M | — | ||
| Q3 24 | $394.0M | — | ||
| Q2 24 | $349.0M | — | ||
| Q1 24 | $429.0M | — |
总债务MARTFC
| Q4 25 | $15.0B | $42.0B | ||
| Q3 25 | $14.4B | $41.7B | ||
| Q2 25 | $14.5B | $44.4B | ||
| Q1 25 | $14.1B | $32.0B | ||
| Q4 24 | $13.1B | $35.0B | ||
| Q3 24 | $12.7B | $36.8B | ||
| Q2 24 | $12.2B | $34.6B | ||
| Q1 24 | $11.7B | $39.1B |
股东权益MARTFC
| Q4 25 | $-3.8B | $65.2B | ||
| Q3 25 | $-3.1B | $65.6B | ||
| Q2 25 | $-3.0B | $64.8B | ||
| Q1 25 | $-3.2B | $64.6B | ||
| Q4 24 | $-3.0B | $63.7B | ||
| Q3 24 | $-2.4B | $65.7B | ||
| Q2 24 | $-2.1B | $63.8B | ||
| Q1 24 | $-1.6B | $59.1B |
总资产MARTFC
| Q4 25 | $27.5B | $547.5B | ||
| Q3 25 | $27.8B | $543.9B | ||
| Q2 25 | $27.3B | $543.8B | ||
| Q1 25 | $26.7B | $535.9B | ||
| Q4 24 | $26.2B | $531.2B | ||
| Q3 24 | $26.2B | $523.4B | ||
| Q2 24 | $25.7B | $519.9B | ||
| Q1 24 | $25.8B | $535.0B |
负债/权益比MARTFC
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.50× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | 0.66× |
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 | $829.0M | $2.6B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.86× | 1.91× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MARTFC
| Q4 25 | $829.0M | $2.6B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $643.0M | $914.0M | ||
| Q1 25 | $647.0M | $746.0M | ||
| Q4 24 | $318.0M | $775.0M | ||
| Q3 24 | $880.0M | $1.5B | ||
| Q2 24 | $772.0M | $845.0M | ||
| Q1 24 | $779.0M | $-990.0M |
自由现金流MARTFC
| Q4 25 | — | — | ||
| Q3 25 | $951.0M | — | ||
| Q2 25 | $488.0M | — | ||
| Q1 25 | $512.0M | — | ||
| Q4 24 | $-24.0M | — | ||
| Q3 24 | $706.0M | — | ||
| Q2 24 | $647.0M | — | ||
| Q1 24 | $670.0M | — |
自由现金流率MARTFC
| Q4 25 | — | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 8.2% | — | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 10.0% | — | ||
| Q1 24 | 11.2% | — |
资本支出强度MARTFC
| Q4 25 | — | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 5.3% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 1.8% | — |
现金转化率MARTFC
| Q4 25 | 1.86× | 1.91× | ||
| Q3 25 | 1.50× | 1.03× | ||
| Q2 25 | 0.84× | 0.74× | ||
| Q1 25 | 0.97× | 0.59× | ||
| Q4 24 | 0.70× | 0.61× | ||
| Q3 24 | 1.51× | 1.06× | ||
| Q2 24 | 1.00× | 0.92× | ||
| Q1 24 | 1.38× | -0.82× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
