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Mativ Holdings, Inc.（MATV）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Mativ Holdings, Inc.的1.6倍（$737.8M vs $463.1M），Mativ Holdings, Inc.净利率更高（21.8% vs 10.1%，领先11.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 1.0%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $8.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -3.8%）
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
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。
MATV vs RHP — 直观对比
营收规模更大
RHP
是对方的1.6倍
$463.1M
营收增速更快
RHP
高出12.9%
1.0%
净利率更高
MATV
高出11.7%
10.1%
自由现金流更多
RHP
多$50.5M
$8.0M
两年增速更快
RHP
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $463.1M | $737.8M |
| 净利润 | $100.8M | $74.5M |
| 毛利率 | 18.8% | 41.4% |
| 营业利润率 | 2.2% | 19.4% |
| 净利率 | 21.8% | 10.1% |
| 营收同比 | 1.0% | 13.9% |
| 净利润同比 | 6620.0% | 3.0% |
| 每股收益（稀释后） | $1.87 | $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MATVRHP
| Q4 25 | $463.1M | $737.8M | ||
| Q3 25 | $513.7M | $592.5M | ||
| Q2 25 | $525.4M | $659.5M | ||
| Q1 25 | $484.8M | $587.3M | ||
| Q4 24 | $458.6M | $647.6M | ||
| Q3 24 | $498.5M | $550.0M | ||
| Q2 24 | $523.8M | $613.3M | ||
| Q1 24 | $500.2M | $528.3M |
净利润MATVRHP
| Q4 25 | $100.8M | $74.5M | ||
| Q3 25 | $-3.2M | $34.9M | ||
| Q2 25 | $-9.5M | $71.8M | ||
| Q1 25 | $-425.5M | $63.0M | ||
| Q4 24 | $1.5M | $72.3M | ||
| Q3 24 | $-20.8M | $59.0M | ||
| Q2 24 | $-1.4M | $100.8M | ||
| Q1 24 | $-28.0M | $42.8M |
毛利率MATVRHP
| Q4 25 | 18.8% | 41.4% | ||
| Q3 25 | 19.3% | 40.9% | ||
| Q2 25 | 19.7% | 49.7% | ||
| Q1 25 | 15.0% | 44.4% | ||
| Q4 24 | 16.9% | 40.4% | ||
| Q3 24 | 18.8% | 43.1% | ||
| Q2 24 | 20.8% | 48.4% | ||
| Q1 24 | 16.8% | 41.5% |
营业利润率MATVRHP
| Q4 25 | 2.2% | 19.4% | ||
| Q3 25 | 3.1% | 15.0% | ||
| Q2 25 | 3.8% | 21.1% | ||
| Q1 25 | -88.8% | 19.8% | ||
| Q4 24 | 0.6% | 18.6% | ||
| Q3 24 | 1.4% | 19.3% | ||
| Q2 24 | 2.0% | 27.4% | ||
| Q1 24 | -2.8% | 18.2% |
净利率MATVRHP
| Q4 25 | 21.8% | 10.1% | ||
| Q3 25 | -0.6% | 5.9% | ||
| Q2 25 | -1.8% | 10.9% | ||
| Q1 25 | -87.8% | 10.7% | ||
| Q4 24 | 0.3% | 11.2% | ||
| Q3 24 | -4.2% | 10.7% | ||
| Q2 24 | -0.3% | 16.4% | ||
| Q1 24 | -5.6% | 8.1% |
每股收益（稀释后）MATVRHP
| Q4 25 | $1.87 | $1.12 | ||
| Q3 25 | $-0.06 | $0.53 | ||
| Q2 25 | $-0.18 | $1.12 | ||
| Q1 25 | $-7.82 | $1.00 | ||
| Q4 24 | $0.03 | $1.12 | ||
| Q3 24 | $-0.38 | $0.94 | ||
| Q2 24 | $-0.03 | $1.65 | ||
| Q1 24 | $-0.52 | $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 | $84.2M | $471.4M |
| 总债务越低越好 | $1.0B | — |
| 股东权益账面价值 | $498.7M | $750.2M |
| 总资产 | $2.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 2.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MATVRHP
| Q4 25 | $84.2M | $471.4M | ||
| Q3 25 | $97.1M | $483.3M | ||
| Q2 25 | $95.6M | $420.6M | ||
| Q1 25 | $84.0M | $413.9M | ||
| Q4 24 | $94.3M | $477.7M | ||
| Q3 24 | $162.2M | $534.9M | ||
| Q2 24 | $133.4M | $498.4M | ||
| Q1 24 | $128.9M | $465.3M |
总债务MATVRHP
| Q4 25 | $1.0B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
股东权益MATVRHP
| Q4 25 | $498.7M | $750.2M | ||
| Q3 25 | $397.4M | $758.5M | ||
| Q2 25 | $416.6M | $800.4M | ||
| Q1 25 | $428.2M | $531.5M | ||
| Q4 24 | $858.5M | $549.0M | ||
| Q3 24 | $882.3M | $551.9M | ||
| Q2 24 | $898.0M | $562.6M | ||
| Q1 24 | $906.9M | $529.9M |
总资产MATVRHP
| Q4 25 | $2.1B | $6.2B | ||
| Q3 25 | $2.0B | $6.2B | ||
| Q2 25 | $2.1B | $6.1B | ||
| Q1 25 | $2.1B | $5.2B | ||
| Q4 24 | $2.4B | $5.2B | ||
| Q3 24 | $2.6B | $5.2B | ||
| Q2 24 | $2.6B | $5.1B | ||
| Q1 24 | $2.7B | $5.1B |
负债/权益比MATVRHP
| Q4 25 | 2.07× | — | ||
| Q3 25 | 2.63× | — | ||
| Q2 25 | 2.66× | — | ||
| Q1 25 | 2.67× | — | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.29× | — | ||
| Q1 24 | 1.30× | — |
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 | $19.3M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $8.0M | $58.5M |
| 自由现金流率自由现金流/营收 | 1.7% | 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 | 0.19× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $93.8M | $232.4M |
8季度趋势，按日历期对齐
经营现金流MATVRHP
| Q4 25 | $19.3M | $164.7M | ||
| Q3 25 | $72.8M | $205.2M | ||
| Q2 25 | $57.6M | $122.5M | ||
| Q1 25 | $-15.9M | $98.2M | ||
| Q4 24 | $24.1M | $166.6M | ||
| Q3 24 | $37.6M | $218.1M | ||
| Q2 24 | $46.1M | $184.3M | ||
| Q1 24 | $-13.0M | $7.5M |
自由现金流MATVRHP
| Q4 25 | $8.0M | $58.5M | ||
| Q3 25 | $66.7M | $135.4M | ||
| Q2 25 | $48.9M | $53.0M | ||
| Q1 25 | $-29.8M | $-14.5M | ||
| Q4 24 | $2.0M | $76.0M | ||
| Q3 24 | $25.5M | $85.7M | ||
| Q2 24 | $37.4M | $78.8M | ||
| Q1 24 | $-25.1M | $-72.0M |
自由现金流率MATVRHP
| Q4 25 | 1.7% | 7.9% | ||
| Q3 25 | 13.0% | 22.9% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | -6.1% | -2.5% | ||
| Q4 24 | 0.4% | 11.7% | ||
| Q3 24 | 5.1% | 15.6% | ||
| Q2 24 | 7.1% | 12.9% | ||
| Q1 24 | -5.0% | -13.6% |
资本支出强度MATVRHP
| Q4 25 | 2.4% | 14.4% | ||
| Q3 25 | 1.2% | 11.8% | ||
| Q2 25 | 1.7% | 10.5% | ||
| Q1 25 | 2.9% | 19.2% | ||
| Q4 24 | 4.8% | 14.0% | ||
| Q3 24 | 2.4% | 24.1% | ||
| Q2 24 | 1.7% | 17.2% | ||
| Q1 24 | 2.4% | 15.0% |
现金转化率MATVRHP
| Q4 25 | 0.19× | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 16.07× | 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
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
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% |
