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MACH NATURAL RESOURCES LP（MNR）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MACH NATURAL RESOURCES LP的1.7倍（$664.6M vs $387.5M），MACH NATURAL RESOURCES LP净利率更高（18.9% vs 10.4%，领先8.4%），MACH NATURAL RESOURCES LP同比增速更快（65.0% vs 13.2%），过去两年MACH NATURAL RESOURCES LP的营收复合增速更高（27.3% vs 4.1%）
Mach Natural Resources LP是一家总部位于美国的上游能源企业，主要从事石油、天然气及液化天然气的勘探、开发与生产业务，核心运营资产分布在二叠纪盆地等美国陆上油气产区，专注于开发低成本高收益资产，为利益相关方创造可持续回报。
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。
MNR vs RHP — 直观对比
营收规模更大
RHP
是对方的1.7倍
$387.5M
营收增速更快
MNR
高出51.8%
13.2%
净利率更高
MNR
高出8.4%
10.4%
两年增速更快
MNR
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $387.5M | $664.6M |
| 净利润 | $73.1M | $69.4M |
| 毛利率 | — | — |
| 营业利润率 | 26.1% | 20.7% |
| 净利率 | 18.9% | 10.4% |
| 营收同比 | 65.0% | 13.2% |
| 净利润同比 | 100.2% | 10.1% |
| 每股收益（稀释后） | $0.47 | $1.03 |
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MNRRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $387.5M | $737.8M | ||
| Q3 25 | $272.6M | $592.5M | ||
| Q2 25 | $288.5M | $659.5M | ||
| Q1 25 | $226.8M | $587.3M | ||
| Q4 24 | $234.9M | $647.6M | ||
| Q3 24 | $255.5M | $550.0M | ||
| Q2 24 | $240.0M | $613.3M |
净利润MNRRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $73.1M | $74.5M | ||
| Q3 25 | $-35.7M | $34.9M | ||
| Q2 25 | $89.7M | $71.8M | ||
| Q1 25 | $15.9M | $63.0M | ||
| Q4 24 | $36.5M | $72.3M | ||
| Q3 24 | $67.4M | $59.0M | ||
| Q2 24 | $39.5M | $100.8M |
毛利率MNRRHP
| Q1 26 | — | — | ||
| 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% |
营业利润率MNRRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 26.1% | 19.4% | ||
| Q3 25 | -7.0% | 15.0% | ||
| Q2 25 | 38.6% | 21.1% | ||
| Q1 25 | 22.8% | 19.8% | ||
| Q4 24 | 24.9% | 18.6% | ||
| Q3 24 | 37.1% | 19.3% | ||
| Q2 24 | 29.4% | 27.4% |
净利率MNRRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 18.9% | 10.1% | ||
| Q3 25 | -13.1% | 5.9% | ||
| Q2 25 | 31.1% | 10.9% | ||
| Q1 25 | 7.0% | 10.7% | ||
| Q4 24 | 15.5% | 11.2% | ||
| Q3 24 | 26.4% | 10.7% | ||
| Q2 24 | 16.5% | 16.4% |
每股收益（稀释后）MNRRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $0.47 | $1.12 | ||
| Q3 25 | $-0.28 | $0.53 | ||
| Q2 25 | $0.76 | $1.12 | ||
| Q1 25 | $0.14 | $1.00 | ||
| Q4 24 | $0.34 | $1.12 | ||
| Q3 24 | $0.70 | $0.94 | ||
| Q2 24 | $0.42 | $1.65 |
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 | $42.6M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $770.8M |
| 总资产 | $3.8B | $6.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MNRRHP
| Q1 26 | — | — | ||
| Q4 25 | $42.6M | $471.4M | ||
| Q3 25 | $53.6M | $483.3M | ||
| Q2 25 | $13.8M | $420.6M | ||
| Q1 25 | $7.8M | $413.9M | ||
| Q4 24 | $105.8M | $477.7M | ||
| Q3 24 | $184.5M | $534.9M | ||
| Q2 24 | $144.6M | $498.4M |
股东权益MNRRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | — | $750.2M | ||
| Q3 25 | — | $758.5M | ||
| Q2 25 | — | $800.4M | ||
| Q1 25 | — | $531.5M | ||
| Q4 24 | — | $549.0M | ||
| Q3 24 | — | $551.9M | ||
| Q2 24 | — | $562.6M |
总资产MNRRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $3.8B | $6.2B | ||
| Q3 25 | $3.8B | $6.2B | ||
| Q2 25 | $2.3B | $6.1B | ||
| Q1 25 | $2.2B | $5.2B | ||
| Q4 24 | $2.3B | $5.2B | ||
| Q3 24 | $2.3B | $5.2B | ||
| Q2 24 | $2.2B | $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 | $128.7M | — |
| 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 | 1.76× | — |
| 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MNRRHP
| Q1 26 | — | — | ||
| Q4 25 | $128.7M | $164.7M | ||
| Q3 25 | $105.5M | $205.2M | ||
| Q2 25 | $130.1M | $122.5M | ||
| Q1 25 | $142.5M | $98.2M | ||
| Q4 24 | $133.7M | $166.6M | ||
| Q3 24 | $110.8M | $218.1M | ||
| Q2 24 | $116.8M | $184.3M |
自由现金流MNRRHP
| Q1 26 | — | — | ||
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M |
自由现金流率MNRRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% |
资本支出强度MNRRHP
| Q1 26 | — | — | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% |
现金转化率MNRRHP
| Q1 26 | — | — | ||
| Q4 25 | 1.76× | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | 1.45× | 1.71× | ||
| Q1 25 | 8.97× | 1.56× | ||
| Q4 24 | 3.66× | 2.30× | ||
| Q3 24 | 1.64× | 3.70× | ||
| Q2 24 | 2.96× | 1.83× |
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
MNR
| Oil Gas And Natural Gas Liquids Net | $331.0M | 85% |
| Natural Gas Liquids Reserves | $44.8M | 12% |
| Natural Gas Midstream | $8.6M | 2% |
| Products | $6.3M | 2% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
