vs
Match Group（MTCH）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
Match Group的季度营收约是Ryman Hospitality Properties, Inc.的1.2倍（$878.0M vs $737.8M），Match Group净利率更高（23.9% vs 10.1%，领先13.8%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 2.1%），Match Group自由现金流更多（$308.1M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 1.1%）
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
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。
MTCH vs RHP — 直观对比
营收规模更大
MTCH
是对方的1.2倍
$737.8M
营收增速更快
RHP
高出11.9%
2.1%
净利率更高
MTCH
高出13.8%
10.1%
自由现金流更多
MTCH
多$249.6M
$58.5M
两年增速更快
RHP
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $737.8M |
| 净利润 | $209.7M | $74.5M |
| 毛利率 | 74.7% | 41.4% |
| 营业利润率 | 32.4% | 19.4% |
| 净利率 | 23.9% | 10.1% |
| 营收同比 | 2.1% | 13.9% |
| 净利润同比 | 32.5% | 3.0% |
| 每股收益（稀释后） | $0.83 | $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MTCHRHP
| Q4 25 | $878.0M | $737.8M | ||
| Q3 25 | $914.3M | $592.5M | ||
| Q2 25 | $863.7M | $659.5M | ||
| Q1 25 | $831.2M | $587.3M | ||
| Q4 24 | $860.2M | $647.6M | ||
| Q3 24 | $895.5M | $550.0M | ||
| Q2 24 | $864.1M | $613.3M | ||
| Q1 24 | $859.6M | $528.3M |
净利润MTCHRHP
| Q4 25 | $209.7M | $74.5M | ||
| Q3 25 | $160.8M | $34.9M | ||
| Q2 25 | $125.5M | $71.8M | ||
| Q1 25 | $117.6M | $63.0M | ||
| Q4 24 | $158.3M | $72.3M | ||
| Q3 24 | $136.5M | $59.0M | ||
| Q2 24 | $133.3M | $100.8M | ||
| Q1 24 | $123.2M | $42.8M |
毛利率MTCHRHP
| Q4 25 | 74.7% | 41.4% | ||
| Q3 25 | 73.0% | 40.9% | ||
| Q2 25 | 72.0% | 49.7% | ||
| Q1 25 | 71.5% | 44.4% | ||
| Q4 24 | 72.5% | 40.4% | ||
| Q3 24 | 71.7% | 43.1% | ||
| Q2 24 | 71.6% | 48.4% | ||
| Q1 24 | 70.1% | 41.5% |
营业利润率MTCHRHP
| Q4 25 | 32.4% | 19.4% | ||
| Q3 25 | 24.2% | 15.0% | ||
| Q2 25 | 22.5% | 21.1% | ||
| Q1 25 | 20.8% | 19.8% | ||
| Q4 24 | 26.0% | 18.6% | ||
| Q3 24 | 23.5% | 19.3% | ||
| Q2 24 | 23.7% | 27.4% | ||
| Q1 24 | 21.5% | 18.2% |
净利率MTCHRHP
| Q4 25 | 23.9% | 10.1% | ||
| Q3 25 | 17.6% | 5.9% | ||
| Q2 25 | 14.5% | 10.9% | ||
| Q1 25 | 14.1% | 10.7% | ||
| Q4 24 | 18.4% | 11.2% | ||
| Q3 24 | 15.2% | 10.7% | ||
| Q2 24 | 15.4% | 16.4% | ||
| Q1 24 | 14.3% | 8.1% |
每股收益（稀释后）MTCHRHP
| Q4 25 | $0.83 | $1.12 | ||
| Q3 25 | $0.62 | $0.53 | ||
| Q2 25 | $0.49 | $1.12 | ||
| Q1 25 | $0.44 | $1.00 | ||
| Q4 24 | $0.59 | $1.12 | ||
| Q3 24 | $0.51 | $0.94 | ||
| Q2 24 | $0.48 | $1.65 | ||
| Q1 24 | $0.44 | $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 | $1.0B | $471.4M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $-253.5M | $750.2M |
| 总资产 | $4.5B | $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MTCHRHP
| Q4 25 | $1.0B | $471.4M | ||
| Q3 25 | $1.1B | $483.3M | ||
| Q2 25 | $340.4M | $420.6M | ||
| Q1 25 | $414.2M | $413.9M | ||
| Q4 24 | $970.7M | $477.7M | ||
| Q3 24 | $860.9M | $534.9M | ||
| Q2 24 | $843.6M | $498.4M | ||
| Q1 24 | $920.9M | $465.3M |
总债务MTCHRHP
| Q4 25 | $3.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | — |
股东权益MTCHRHP
| Q4 25 | $-253.5M | $750.2M | ||
| Q3 25 | $-223.9M | $758.5M | ||
| Q2 25 | $-230.9M | $800.4M | ||
| Q1 25 | $-182.7M | $531.5M | ||
| Q4 24 | $-63.7M | $549.0M | ||
| Q3 24 | $-88.5M | $551.9M | ||
| Q2 24 | $-130.2M | $562.6M | ||
| Q1 24 | $-107.8M | $529.9M |
总资产MTCHRHP
| Q4 25 | $4.5B | $6.2B | ||
| Q3 25 | $4.5B | $6.2B | ||
| Q2 25 | $3.9B | $6.1B | ||
| Q1 25 | $3.9B | $5.2B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.4B | $5.2B | ||
| Q2 24 | $4.4B | $5.1B | ||
| Q1 24 | $4.4B | $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 | $322.8M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $58.5M |
| 自由现金流率自由现金流/营收 | 35.1% | 7.9% |
| 资本支出强度资本支出/营收 | 1.7% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.54× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $232.4M |
8季度趋势，按日历期对齐
经营现金流MTCHRHP
| Q4 25 | $322.8M | $164.7M | ||
| Q3 25 | $320.6M | $205.2M | ||
| Q2 25 | $243.8M | $122.5M | ||
| Q1 25 | $193.1M | $98.2M | ||
| Q4 24 | $254.7M | $166.6M | ||
| Q3 24 | $264.9M | $218.1M | ||
| Q2 24 | $129.0M | $184.3M | ||
| Q1 24 | $284.1M | $7.5M |
自由现金流MTCHRHP
| Q4 25 | $308.1M | $58.5M | ||
| Q3 25 | $306.8M | $135.4M | ||
| Q2 25 | $231.0M | $53.0M | ||
| Q1 25 | $177.7M | $-14.5M | ||
| Q4 24 | $247.1M | $76.0M | ||
| Q3 24 | $251.8M | $85.7M | ||
| Q2 24 | $116.3M | $78.8M | ||
| Q1 24 | $266.9M | $-72.0M |
自由现金流率MTCHRHP
| Q4 25 | 35.1% | 7.9% | ||
| Q3 25 | 33.6% | 22.9% | ||
| Q2 25 | 26.7% | 8.0% | ||
| Q1 25 | 21.4% | -2.5% | ||
| Q4 24 | 28.7% | 11.7% | ||
| Q3 24 | 28.1% | 15.6% | ||
| Q2 24 | 13.5% | 12.9% | ||
| Q1 24 | 31.0% | -13.6% |
资本支出强度MTCHRHP
| Q4 25 | 1.7% | 14.4% | ||
| Q3 25 | 1.5% | 11.8% | ||
| Q2 25 | 1.5% | 10.5% | ||
| Q1 25 | 1.9% | 19.2% | ||
| Q4 24 | 0.9% | 14.0% | ||
| Q3 24 | 1.5% | 24.1% | ||
| Q2 24 | 1.5% | 17.2% | ||
| Q1 24 | 2.0% | 15.0% |
现金转化率MTCHRHP
| Q4 25 | 1.54× | 2.21× | ||
| Q3 25 | 1.99× | 5.88× | ||
| Q2 25 | 1.94× | 1.71× | ||
| Q1 25 | 1.64× | 1.56× | ||
| Q4 24 | 1.61× | 2.30× | ||
| Q3 24 | 1.94× | 3.70× | ||
| Q2 24 | 0.97× | 1.83× | ||
| Q1 24 | 2.31× | 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
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
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% |
