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微芯科技（MCHP）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
微芯科技的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 5.3%，领先4.8%），微芯科技同比增速更快（15.6% vs 13.9%），微芯科技自由现金流更多（$318.9M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -5.4%）
微芯科技（Microchip Technology）是美国知名上市半导体企业，主营微控制器、混合信号芯片、模拟芯片及闪存知识产权（Flash-IP）相关集成电路的研发、生产与销售，产品覆盖工业控制、汽车电子、消费电子、物联网等众多领域，在全球半导体细分市场拥有领先地位。
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。
MCHP vs RHP — 直观对比
营收规模更大
MCHP
是对方的1.6倍
$737.8M
营收增速更快
MCHP
高出1.7%
13.9%
净利率更高
RHP
高出4.8%
5.3%
自由现金流更多
MCHP
多$260.4M
$58.5M
两年增速更快
RHP
近两年复合增速
-5.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | $62.7M | $74.5M |
| 毛利率 | 59.6% | 41.4% |
| 营业利润率 | 12.8% | 19.4% |
| 净利率 | 5.3% | 10.1% |
| 营收同比 | 15.6% | 13.9% |
| 净利润同比 | 217.0% | 3.0% |
| 每股收益（稀释后） | $0.06 | $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MCHPRHP
| Q4 25 | $1.2B | $737.8M | ||
| Q3 25 | $1.1B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $970.5M | $587.3M | ||
| Q4 24 | $1.0B | $647.6M | ||
| Q3 24 | $1.2B | $550.0M | ||
| Q2 24 | $1.2B | $613.3M | ||
| Q1 24 | $1.3B | $528.3M |
净利润MCHPRHP
| Q4 25 | $62.7M | $74.5M | ||
| Q3 25 | $41.7M | $34.9M | ||
| Q2 25 | $-18.6M | $71.8M | ||
| Q1 25 | $-154.6M | $63.0M | ||
| Q4 24 | $-53.6M | $72.3M | ||
| Q3 24 | $78.4M | $59.0M | ||
| Q2 24 | $129.3M | $100.8M | ||
| Q1 24 | $154.7M | $42.8M |
毛利率MCHPRHP
| Q4 25 | 59.6% | 41.4% | ||
| Q3 25 | 55.9% | 40.9% | ||
| Q2 25 | 53.6% | 49.7% | ||
| Q1 25 | 51.6% | 44.4% | ||
| Q4 24 | 54.7% | 40.4% | ||
| Q3 24 | 57.4% | 43.1% | ||
| Q2 24 | 59.4% | 48.4% | ||
| Q1 24 | 59.6% | 41.5% |
营业利润率MCHPRHP
| Q4 25 | 12.8% | 19.4% | ||
| Q3 25 | 7.8% | 15.0% | ||
| Q2 25 | 3.0% | 21.1% | ||
| Q1 25 | -10.3% | 19.8% | ||
| Q4 24 | 3.0% | 18.6% | ||
| Q3 24 | 12.6% | 19.3% | ||
| Q2 24 | 17.7% | 27.4% | ||
| Q1 24 | 19.1% | 18.2% |
净利率MCHPRHP
| Q4 25 | 5.3% | 10.1% | ||
| Q3 25 | 3.7% | 5.9% | ||
| Q2 25 | -1.7% | 10.9% | ||
| Q1 25 | -15.9% | 10.7% | ||
| Q4 24 | -5.2% | 11.2% | ||
| Q3 24 | 6.7% | 10.7% | ||
| Q2 24 | 10.4% | 16.4% | ||
| Q1 24 | 11.7% | 8.1% |
每股收益（稀释后）MCHPRHP
| Q4 25 | $0.06 | $1.12 | ||
| Q3 25 | $0.03 | $0.53 | ||
| Q2 25 | $-0.09 | $1.12 | ||
| Q1 25 | $-0.29 | $1.00 | ||
| Q4 24 | $-0.10 | $1.12 | ||
| Q3 24 | $0.14 | $0.94 | ||
| Q2 24 | $0.24 | $1.65 | ||
| Q1 24 | $0.29 | $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 | $250.7M | $471.4M |
| 总债务越低越好 | $5.4B | — |
| 股东权益账面价值 | $6.6B | $750.2M |
| 总资产 | $14.3B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.82× | — |
8季度趋势，按日历期对齐
现金及短期投资MCHPRHP
| Q4 25 | $250.7M | $471.4M | ||
| Q3 25 | $236.8M | $483.3M | ||
| Q2 25 | $566.5M | $420.6M | ||
| Q1 25 | $771.7M | $413.9M | ||
| Q4 24 | $586.0M | $477.7M | ||
| Q3 24 | $286.1M | $534.9M | ||
| Q2 24 | $315.1M | $498.4M | ||
| Q1 24 | $319.7M | $465.3M |
总债务MCHPRHP
| Q4 25 | $5.4B | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.5B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.0B | — |
股东权益MCHPRHP
| Q4 25 | $6.6B | $750.2M | ||
| Q3 25 | $6.7B | $758.5M | ||
| Q2 25 | $6.9B | $800.4M | ||
| Q1 25 | $7.1B | $531.5M | ||
| Q4 24 | $6.0B | $549.0M | ||
| Q3 24 | $6.3B | $551.9M | ||
| Q2 24 | $6.4B | $562.6M | ||
| Q1 24 | $6.7B | $529.9M |
总资产MCHPRHP
| Q4 25 | $14.3B | $6.2B | ||
| Q3 25 | $14.5B | $6.2B | ||
| Q2 25 | $15.0B | $6.1B | ||
| Q1 25 | $15.4B | $5.2B | ||
| Q4 24 | $15.6B | $5.2B | ||
| Q3 24 | $15.6B | $5.2B | ||
| Q2 24 | $15.8B | $5.1B | ||
| Q1 24 | $15.9B | $5.1B |
负债/权益比MCHPRHP
| Q4 25 | 0.82× | — | ||
| Q3 25 | 0.80× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | 1.02× | — | ||
| Q2 24 | 0.96× | — | ||
| Q1 24 | 0.90× | — |
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 | $341.4M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $318.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 26.9% | 7.9% |
| 资本支出强度资本支出/营收 | 1.9% | 14.4% |
| 现金转化率经营现金流/净利润 | 5.44× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $819.9M | $232.4M |
8季度趋势，按日历期对齐
经营现金流MCHPRHP
| Q4 25 | $341.4M | $164.7M | ||
| Q3 25 | $88.1M | $205.2M | ||
| Q2 25 | $275.6M | $122.5M | ||
| Q1 25 | $205.9M | $98.2M | ||
| Q4 24 | $271.5M | $166.6M | ||
| Q3 24 | $43.6M | $218.1M | ||
| Q2 24 | $377.1M | $184.3M | ||
| Q1 24 | $430.0M | $7.5M |
自由现金流MCHPRHP
| Q4 25 | $318.9M | $58.5M | ||
| Q3 25 | $51.6M | $135.4M | ||
| Q2 25 | $257.7M | $53.0M | ||
| Q1 25 | $191.7M | $-14.5M | ||
| Q4 24 | $253.4M | $76.0M | ||
| Q3 24 | $22.8M | $85.7M | ||
| Q2 24 | $304.2M | $78.8M | ||
| Q1 24 | $389.9M | $-72.0M |
自由现金流率MCHPRHP
| Q4 25 | 26.9% | 7.9% | ||
| Q3 25 | 4.5% | 22.9% | ||
| Q2 25 | 24.0% | 8.0% | ||
| Q1 25 | 19.8% | -2.5% | ||
| Q4 24 | 24.7% | 11.7% | ||
| Q3 24 | 2.0% | 15.6% | ||
| Q2 24 | 24.5% | 12.9% | ||
| Q1 24 | 29.4% | -13.6% |
资本支出强度MCHPRHP
| Q4 25 | 1.9% | 14.4% | ||
| Q3 25 | 3.2% | 11.8% | ||
| Q2 25 | 1.7% | 10.5% | ||
| Q1 25 | 1.5% | 19.2% | ||
| Q4 24 | 1.8% | 14.0% | ||
| Q3 24 | 1.8% | 24.1% | ||
| Q2 24 | 5.9% | 17.2% | ||
| Q1 24 | 3.0% | 15.0% |
现金转化率MCHPRHP
| Q4 25 | 5.44× | 2.21× | ||
| Q3 25 | 2.11× | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 0.56× | 3.70× | ||
| Q2 24 | 2.92× | 1.83× | ||
| Q1 24 | 2.78× | 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
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
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% |
