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范尔度假村（MTN）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
范尔度假村的季度营收约是STURM RUGER & CO INC的1.8倍（$271.0M vs $151.1M），范尔度假村同比增速更快（4.1% vs 3.6%），范尔度假村自由现金流更多（$244.3M vs $12.3M），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% vs -49.9%）
范尔度假村是美国知名山地度假集团，总部位于科罗拉多州布鲁姆菲尔德。集团旗下在全球4个国家运营42家山地度假村，同时持有并运营酒店、民宿、公寓及高尔夫球场等各类度假不动产，为全球游客提供高品质的山地休闲与旅居服务。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
MTN vs RGR — 直观对比
营收规模更大
MTN
是对方的1.8倍
$151.1M
营收增速更快
MTN
高出0.5%
3.6%
自由现金流更多
MTN
多$231.9M
$12.3M
两年增速更快
RGR
近两年复合增速
-49.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.0M | $151.1M |
| 净利润 | $-186.8M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | -77.4% | 2.3% |
| 净利率 | -68.9% | — |
| 营收同比 | 4.1% | 3.6% |
| 净利润同比 | -8.1% | — |
| 每股收益（稀释后） | $-5.20 | $0.22 |
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MTNRGR
| Q4 25 | $271.0M | $151.1M | ||
| Q3 25 | $271.3M | $126.8M | ||
| Q2 25 | $1.3B | $132.5M | ||
| Q1 25 | $1.1B | $135.7M | ||
| Q4 24 | $260.3M | $145.8M | ||
| Q3 24 | $265.4M | $122.3M | ||
| Q2 24 | $1.3B | $130.8M | ||
| Q1 24 | $1.1B | $136.8M |
净利润MTNRGR
| Q4 25 | $-186.8M | — | ||
| Q3 25 | $-185.5M | $1.6M | ||
| Q2 25 | $392.8M | $-17.2M | ||
| Q1 25 | $245.5M | $7.8M | ||
| Q4 24 | $-172.8M | — | ||
| Q3 24 | $-175.4M | $4.7M | ||
| Q2 24 | $362.0M | $8.3M | ||
| Q1 24 | $219.3M | $7.1M |
毛利率MTNRGR
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
营业利润率MTNRGR
| Q4 25 | -77.4% | 2.3% | ||
| Q3 25 | -75.1% | -2.7% | ||
| Q2 25 | 44.9% | -15.6% | ||
| Q1 25 | 33.8% | 6.2% | ||
| Q4 24 | -77.6% | 7.8% | ||
| Q3 24 | -74.9% | 3.1% | ||
| Q2 24 | 42.6% | 6.9% | ||
| Q1 24 | 32.5% | 5.5% |
净利率MTNRGR
| Q4 25 | -68.9% | — | ||
| Q3 25 | -68.4% | 1.2% | ||
| Q2 25 | 30.3% | -13.0% | ||
| Q1 25 | 21.6% | 5.7% | ||
| Q4 24 | -66.4% | — | ||
| Q3 24 | -66.1% | 3.9% | ||
| Q2 24 | 28.2% | 6.3% | ||
| Q1 24 | 20.3% | 5.2% |
每股收益（稀释后）MTNRGR
| Q4 25 | $-5.20 | $0.22 | ||
| Q3 25 | $-4.96 | $0.10 | ||
| Q2 25 | $10.54 | $-1.05 | ||
| Q1 25 | $6.56 | $0.46 | ||
| Q4 24 | $-4.61 | $0.62 | ||
| Q3 24 | $-4.63 | $0.28 | ||
| Q2 24 | $9.54 | $0.47 | ||
| Q1 24 | $5.76 | $0.40 |
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 | $581.5M | $92.5M |
| 总债务越低越好 | $2.6B | — |
| 股东权益账面价值 | $156.5M | $283.8M |
| 总资产 | $5.8B | $342.0M |
| 负债/权益比越低杠杆越低 | 16.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MTNRGR
| Q4 25 | $581.5M | $92.5M | ||
| Q3 25 | $440.3M | $80.8M | ||
| Q2 25 | $467.0M | $101.4M | ||
| Q1 25 | $488.2M | $108.3M | ||
| Q4 24 | $403.8M | $105.5M | ||
| Q3 24 | $322.8M | $96.0M | ||
| Q2 24 | $705.4M | $105.6M | ||
| Q1 24 | $812.2M | $115.3M |
总债务MTNRGR
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益MTNRGR
| Q4 25 | $156.5M | $283.8M | ||
| Q3 25 | $424.5M | $279.6M | ||
| Q2 25 | $895.4M | $289.3M | ||
| Q1 25 | $530.7M | $321.5M | ||
| Q4 24 | $444.1M | $319.6M | ||
| Q3 24 | $723.5M | $314.9M | ||
| Q2 24 | $1.0B | $321.5M | ||
| Q1 24 | $829.9M | $332.0M |
总资产MTNRGR
| Q4 25 | $5.8B | $342.0M | ||
| Q3 25 | $5.8B | $342.3M | ||
| Q2 25 | $5.8B | $349.5M | ||
| Q1 25 | $5.5B | $379.0M | ||
| Q4 24 | $5.6B | $384.0M | ||
| Q3 24 | $5.7B | $373.5M | ||
| Q2 24 | $5.8B | $376.7M | ||
| Q1 24 | $5.8B | $385.0M |
负债/权益比MTNRGR
| Q4 25 | 16.51× | — | ||
| Q3 25 | 6.11× | — | ||
| Q2 25 | 2.35× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 6.10× | — | ||
| Q3 24 | 3.76× | — | ||
| Q2 24 | 2.69× | — | ||
| Q1 24 | 3.28× | — |
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 | $315.9M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $244.3M | $12.3M |
| 自由现金流率自由现金流/营收 | 90.1% | 8.2% |
| 资本支出强度资本支出/营收 | 26.4% | 2.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $352.5M | $38.5M |
8季度趋势，按日历期对齐
经营现金流MTNRGR
| Q4 25 | $315.9M | $15.5M | ||
| Q3 25 | $-171.6M | $12.9M | ||
| Q2 25 | $117.7M | $14.7M | ||
| Q1 25 | $326.3M | $11.1M | ||
| Q4 24 | $282.4M | $20.0M | ||
| Q3 24 | $-94.2M | $9.4M | ||
| Q2 24 | $109.9M | $18.7M | ||
| Q1 24 | $242.7M | $7.3M |
自由现金流MTNRGR
| Q4 25 | $244.3M | $12.3M | ||
| Q3 25 | $-227.5M | $7.0M | ||
| Q2 25 | $84.5M | $9.1M | ||
| Q1 25 | $251.2M | $10.0M | ||
| Q4 24 | $211.4M | $16.4M | ||
| Q3 24 | $-150.3M | $2.6M | ||
| Q2 24 | $85.0M | $10.1M | ||
| Q1 24 | $165.8M | $5.6M |
自由现金流率MTNRGR
| Q4 25 | 90.1% | 8.2% | ||
| Q3 25 | -83.9% | 5.5% | ||
| Q2 25 | 6.5% | 6.9% | ||
| Q1 25 | 22.1% | 7.4% | ||
| Q4 24 | 81.2% | 11.2% | ||
| Q3 24 | -56.6% | 2.1% | ||
| Q2 24 | 6.6% | 7.7% | ||
| Q1 24 | 15.4% | 4.1% |
资本支出强度MTNRGR
| Q4 25 | 26.4% | 2.1% | ||
| Q3 25 | 20.6% | 4.6% | ||
| Q2 25 | 2.6% | 4.2% | ||
| Q1 25 | 6.6% | 0.8% | ||
| Q4 24 | 27.3% | 2.5% | ||
| Q3 24 | 21.1% | 5.5% | ||
| Q2 24 | 1.9% | 6.6% | ||
| Q1 24 | 7.1% | 1.3% |
现金转化率MTNRGR
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | 0.30× | — | ||
| Q1 25 | 1.33× | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | 0.30× | 2.27× | ||
| Q1 24 | 1.11× | 1.04× |
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
MTN
| Dining | $84.6M | 31% |
| Lodgingrevenueexcludingpayrollcostreimbursements | $67.2M | 25% |
| Other Mountain Revenue | $55.1M | 20% |
| Managedcondominiumrooms | $26.1M | 10% |
| Owned Hotel Revenue | $12.7M | 5% |
| Other Lodging Revenue | $10.2M | 4% |
| Other | $5.9M | 2% |
| Transportation | $4.8M | 2% |
| Payrollcostreimbursements | $4.4M | 2% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
