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MDU RESOURCES GROUP INC（MDU）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MDU RESOURCES GROUP INC的1.4倍（$737.8M vs $522.6M），MDU RESOURCES GROUP INC净利率更高（14.6% vs 10.1%，领先4.5%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -1.6%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $-336.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -5.7%）
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
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。
MDU vs RHP — 直观对比
营收规模更大
RHP
是对方的1.4倍
$522.6M
营收增速更快
RHP
高出15.5%
-1.6%
净利率更高
MDU
高出4.5%
10.1%
自由现金流更多
RHP
多$394.6M
$-336.0M
两年增速更快
RHP
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $522.6M | $737.8M |
| 净利润 | $76.3M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 20.5% | 19.4% |
| 净利率 | 14.6% | 10.1% |
| 营收同比 | -1.6% | 13.9% |
| 净利润同比 | 38.4% | 3.0% |
| 每股收益（稀释后） | $0.37 | $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MDURHP
| Q4 25 | $522.6M | $737.8M | ||
| Q3 25 | $313.6M | $592.5M | ||
| Q2 25 | $348.7M | $659.5M | ||
| Q1 25 | $678.0M | $587.3M | ||
| Q4 24 | $531.0M | $647.6M | ||
| Q3 24 | $290.7M | $550.0M | ||
| Q2 24 | $343.1M | $613.3M | ||
| Q1 24 | $588.2M | $528.3M |
净利润MDURHP
| Q4 25 | $76.3M | $74.5M | ||
| Q3 25 | $18.3M | $34.9M | ||
| Q2 25 | $13.8M | $71.8M | ||
| Q1 25 | $82.0M | $63.0M | ||
| Q4 24 | $55.2M | $72.3M | ||
| Q3 24 | $64.6M | $59.0M | ||
| Q2 24 | $60.4M | $100.8M | ||
| Q1 24 | $100.9M | $42.8M |
毛利率MDURHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
营业利润率MDURHP
| Q4 25 | 20.5% | 19.4% | ||
| Q3 25 | 12.7% | 15.0% | ||
| Q2 25 | 8.7% | 21.1% | ||
| Q1 25 | 16.6% | 19.8% | ||
| Q4 24 | 17.8% | 18.6% | ||
| Q3 24 | 12.0% | 19.3% | ||
| Q2 24 | 11.5% | 27.4% | ||
| Q1 24 | 16.4% | 18.2% |
净利率MDURHP
| Q4 25 | 14.6% | 10.1% | ||
| Q3 25 | 5.8% | 5.9% | ||
| Q2 25 | 4.0% | 10.9% | ||
| Q1 25 | 12.1% | 10.7% | ||
| Q4 24 | 10.4% | 11.2% | ||
| Q3 24 | 22.2% | 10.7% | ||
| Q2 24 | 17.6% | 16.4% | ||
| Q1 24 | 17.2% | 8.1% |
每股收益（稀释后）MDURHP
| Q4 25 | $0.37 | $1.12 | ||
| Q3 25 | $0.09 | $0.53 | ||
| Q2 25 | $0.07 | $1.12 | ||
| Q1 25 | $0.40 | $1.00 | ||
| Q4 24 | $0.26 | $1.12 | ||
| Q3 24 | $0.32 | $0.94 | ||
| Q2 24 | $0.30 | $1.65 | ||
| Q1 24 | $0.49 | $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 | $28.2M | $471.4M |
| 总债务越低越好 | $2.7B | — |
| 股东权益账面价值 | $2.8B | $750.2M |
| 总资产 | $7.6B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.97× | — |
8季度趋势，按日历期对齐
现金及短期投资MDURHP
| Q4 25 | $28.2M | $471.4M | ||
| Q3 25 | $75.9M | $483.3M | ||
| Q2 25 | $58.8M | $420.6M | ||
| Q1 25 | $59.5M | $413.9M | ||
| Q4 24 | $66.9M | $477.7M | ||
| Q3 24 | $88.3M | $534.9M | ||
| Q2 24 | $78.8M | $498.4M | ||
| Q1 24 | $72.7M | $465.3M |
总债务MDURHP
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | — |
股东权益MDURHP
| Q4 25 | $2.8B | $750.2M | ||
| Q3 25 | $2.7B | $758.5M | ||
| Q2 25 | $2.7B | $800.4M | ||
| Q1 25 | $2.7B | $531.5M | ||
| Q4 24 | $2.7B | $549.0M | ||
| Q3 24 | $3.1B | $551.9M | ||
| Q2 24 | $3.0B | $562.6M | ||
| Q1 24 | $3.0B | $529.9M |
总资产MDURHP
| Q4 25 | $7.6B | $6.2B | ||
| Q3 25 | $7.2B | $6.2B | ||
| Q2 25 | $6.9B | $6.1B | ||
| Q1 25 | $7.0B | $5.2B | ||
| Q4 24 | $7.0B | $5.2B | ||
| Q3 24 | $8.2B | $5.2B | ||
| Q2 24 | $8.0B | $5.1B | ||
| Q1 24 | $7.8B | $5.1B |
负债/权益比MDURHP
| Q4 25 | 0.97× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.80× | — | ||
| Q1 25 | 0.80× | — | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 0.76× | — |
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 | $80.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $-336.0M | $58.5M |
| 自由现金流率自由现金流/营收 | -64.3% | 7.9% |
| 资本支出强度资本支出/营收 | 79.7% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.06× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $-297.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流MDURHP
| Q4 25 | $80.6M | $164.7M | ||
| Q3 25 | $57.9M | $205.2M | ||
| Q2 25 | $117.4M | $122.5M | ||
| Q1 25 | $217.5M | $98.2M | ||
| Q4 24 | $60.5M | $166.6M | ||
| Q3 24 | $140.2M | $218.1M | ||
| Q2 24 | $136.5M | $184.3M | ||
| Q1 24 | $165.1M | $7.5M |
自由现金流MDURHP
| Q4 25 | $-336.0M | $58.5M | ||
| Q3 25 | $-121.9M | $135.4M | ||
| Q2 25 | $36.5M | $53.0M | ||
| Q1 25 | $124.4M | $-14.5M | ||
| Q4 24 | $-95.8M | $76.0M | ||
| Q3 24 | $673.0K | $85.7M | ||
| Q2 24 | $26.5M | $78.8M | ||
| Q1 24 | $48.1M | $-72.0M |
自由现金流率MDURHP
| Q4 25 | -64.3% | 7.9% | ||
| Q3 25 | -38.9% | 22.9% | ||
| Q2 25 | 10.5% | 8.0% | ||
| Q1 25 | 18.4% | -2.5% | ||
| Q4 24 | -18.0% | 11.7% | ||
| Q3 24 | 0.2% | 15.6% | ||
| Q2 24 | 7.7% | 12.9% | ||
| Q1 24 | 8.2% | -13.6% |
资本支出强度MDURHP
| Q4 25 | 79.7% | 14.4% | ||
| Q3 25 | 57.3% | 11.8% | ||
| Q2 25 | 23.2% | 10.5% | ||
| Q1 25 | 13.7% | 19.2% | ||
| Q4 24 | 29.4% | 14.0% | ||
| Q3 24 | 48.0% | 24.1% | ||
| Q2 24 | 32.0% | 17.2% | ||
| Q1 24 | 19.9% | 15.0% |
现金转化率MDURHP
| Q4 25 | 1.06× | 2.21× | ||
| Q3 25 | 3.16× | 5.88× | ||
| Q2 25 | 8.52× | 1.71× | ||
| Q1 25 | 2.65× | 1.56× | ||
| Q4 24 | 1.10× | 2.30× | ||
| Q3 24 | 2.17× | 3.70× | ||
| Q2 24 | 2.26× | 1.83× | ||
| Q1 24 | 1.64× | 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
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
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% |
