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MAXIMUS, INC.（MMS）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
MAXIMUS, INC.的季度营收约是Ryman Hospitality Properties, Inc.的1.8倍（$1.3B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 7.0%，领先3.1%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -4.1%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $-250.7M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -0.1%）
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
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。
MMS vs RHP — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $737.8M |
| 净利润 | $93.9M | $74.5M |
| 毛利率 | 23.7% | 41.4% |
| 营业利润率 | 10.9% | 19.4% |
| 净利率 | 7.0% | 10.1% |
| 营收同比 | -4.1% | 13.9% |
| 净利润同比 | 128.0% | 3.0% |
| 每股收益（稀释后） | $1.70 | $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
| Q4 25 | $1.3B | $737.8M | ||
| Q3 25 | $1.3B | $592.5M | ||
| Q2 25 | $1.3B | $659.5M | ||
| Q1 25 | $1.4B | $587.3M | ||
| Q4 24 | $1.4B | $647.6M | ||
| Q3 24 | $1.3B | $550.0M | ||
| Q2 24 | $1.3B | $613.3M | ||
| Q1 24 | $1.3B | $528.3M |
| Q4 25 | $93.9M | $74.5M | ||
| Q3 25 | $75.3M | $34.9M | ||
| Q2 25 | $106.0M | $71.8M | ||
| Q1 25 | $96.6M | $63.0M | ||
| Q4 24 | $41.2M | $72.3M | ||
| Q3 24 | $72.5M | $59.0M | ||
| Q2 24 | $89.8M | $100.8M | ||
| Q1 24 | $80.5M | $42.8M |
| Q4 25 | 23.7% | 41.4% | ||
| Q3 25 | 25.3% | 40.9% | ||
| Q2 25 | 26.7% | 49.7% | ||
| Q1 25 | 24.9% | 44.4% | ||
| Q4 24 | 21.5% | 40.4% | ||
| Q3 24 | 22.9% | 43.1% | ||
| Q2 24 | 25.3% | 48.4% | ||
| Q1 24 | 23.6% | 41.5% |
| Q4 25 | 10.9% | 19.4% | ||
| Q3 25 | 9.3% | 15.0% | ||
| Q2 25 | 12.3% | 21.1% | ||
| Q1 25 | 11.2% | 19.8% | ||
| Q4 24 | 6.2% | 18.6% | ||
| Q3 24 | 8.5% | 19.3% | ||
| Q2 24 | 10.8% | 27.4% | ||
| Q1 24 | 9.5% | 18.2% |
| Q4 25 | 7.0% | 10.1% | ||
| Q3 25 | 5.7% | 5.9% | ||
| Q2 25 | 7.9% | 10.9% | ||
| Q1 25 | 7.1% | 10.7% | ||
| Q4 24 | 2.9% | 11.2% | ||
| Q3 24 | 5.5% | 10.7% | ||
| Q2 24 | 6.8% | 16.4% | ||
| Q1 24 | 6.0% | 8.1% |
| Q4 25 | $1.70 | $1.12 | ||
| Q3 25 | $1.27 | $0.53 | ||
| Q2 25 | $1.86 | $1.12 | ||
| Q1 25 | $1.69 | $1.00 | ||
| Q4 24 | $0.69 | $1.12 | ||
| Q3 24 | $1.18 | $0.94 | ||
| Q2 24 | $1.46 | $1.65 | ||
| Q1 24 | $1.31 | $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 | $137.6M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $750.2M |
| 总资产 | $4.2B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $137.6M | $471.4M | ||
| Q3 25 | $222.4M | $483.3M | ||
| Q2 25 | $59.8M | $420.6M | ||
| Q1 25 | $108.1M | $413.9M | ||
| Q4 24 | $72.7M | $477.7M | ||
| Q3 24 | $183.1M | $534.9M | ||
| Q2 24 | $102.8M | $498.4M | ||
| Q1 24 | $77.4M | $465.3M |
| Q4 25 | $1.7B | $750.2M | ||
| Q3 25 | $1.7B | $758.5M | ||
| Q2 25 | $1.8B | $800.4M | ||
| Q1 25 | $1.7B | $531.5M | ||
| Q4 24 | $1.6B | $549.0M | ||
| Q3 24 | $1.8B | $551.9M | ||
| Q2 24 | $1.8B | $562.6M | ||
| Q1 24 | $1.8B | $529.9M |
| Q4 25 | $4.2B | $6.2B | ||
| Q3 25 | $4.1B | $6.2B | ||
| Q2 25 | $4.5B | $6.1B | ||
| Q1 25 | $4.2B | $5.2B | ||
| Q4 24 | $4.1B | $5.2B | ||
| Q3 24 | $4.1B | $5.2B | ||
| Q2 24 | $4.0B | $5.1B | ||
| Q1 24 | $4.0B | $5.1B |
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 | $-244.4M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $58.5M |
| 自由现金流率自由现金流/营收 | -18.6% | 7.9% |
| 资本支出强度资本支出/营收 | 0.5% | 14.4% |
| 现金转化率经营现金流/净利润 | -2.60× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $218.5M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $-244.4M | $164.7M | ||
| Q3 25 | $649.4M | $205.2M | ||
| Q2 25 | $-182.7M | $122.5M | ||
| Q1 25 | $42.7M | $98.2M | ||
| Q4 24 | $-80.0M | $166.6M | ||
| Q3 24 | $163.8M | $218.1M | ||
| Q2 24 | $199.3M | $184.3M | ||
| Q1 24 | $130.5M | $7.5M |
| Q4 25 | $-250.7M | $58.5M | ||
| Q3 25 | $641.8M | $135.4M | ||
| Q2 25 | $-198.2M | $53.0M | ||
| Q1 25 | $25.5M | $-14.5M | ||
| Q4 24 | $-103.0M | $76.0M | ||
| Q3 24 | $131.9M | $85.7M | ||
| Q2 24 | $164.6M | $78.8M | ||
| Q1 24 | $105.2M | $-72.0M |
| Q4 25 | -18.6% | 7.9% | ||
| Q3 25 | 48.7% | 22.9% | ||
| Q2 25 | -14.7% | 8.0% | ||
| Q1 25 | 1.9% | -2.5% | ||
| Q4 24 | -7.3% | 11.7% | ||
| Q3 24 | 10.0% | 15.6% | ||
| Q2 24 | 12.5% | 12.9% | ||
| Q1 24 | 7.8% | -13.6% |
| Q4 25 | 0.5% | 14.4% | ||
| Q3 25 | 0.6% | 11.8% | ||
| Q2 25 | 1.1% | 10.5% | ||
| Q1 25 | 1.3% | 19.2% | ||
| Q4 24 | 1.6% | 14.0% | ||
| Q3 24 | 2.4% | 24.1% | ||
| Q2 24 | 2.6% | 17.2% | ||
| Q1 24 | 1.9% | 15.0% |
| Q4 25 | -2.60× | 2.21× | ||
| Q3 25 | 8.63× | 5.88× | ||
| Q2 25 | -1.72× | 1.71× | ||
| Q1 25 | 0.44× | 1.56× | ||
| Q4 24 | -1.94× | 2.30× | ||
| Q3 24 | 2.26× | 3.70× | ||
| Q2 24 | 2.22× | 1.83× | ||
| Q1 24 | 1.62× | 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
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
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% |
