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MARZETTI CO（MZTI）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MARZETTI CO的1.4倍（$737.8M vs $518.0M），MARZETTI CO净利率更高（11.4% vs 10.1%，领先1.3%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 1.7%），MARZETTI CO自由现金流更多（$70.9M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 4.8%）
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
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。
MZTI vs RHP — 直观对比
营收规模更大
RHP
是对方的1.4倍
$518.0M
营收增速更快
RHP
高出12.2%
1.7%
净利率更高
MZTI
高出1.3%
10.1%
自由现金流更多
MZTI
多$12.4M
$58.5M
两年增速更快
RHP
近两年复合增速
4.8%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $518.0M | $737.8M |
| 净利润 | $59.1M | $74.5M |
| 毛利率 | 26.5% | 41.4% |
| 营业利润率 | 14.5% | 19.4% |
| 净利率 | 11.4% | 10.1% |
| 营收同比 | 1.7% | 13.9% |
| 净利润同比 | 20.6% | 3.0% |
| 每股收益（稀释后） | $2.15 | $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MZTIRHP
| Q4 25 | $518.0M | $737.8M | ||
| Q3 25 | $493.5M | $592.5M | ||
| Q2 25 | $475.4M | $659.5M | ||
| Q1 25 | $457.8M | $587.3M | ||
| Q4 24 | $509.3M | $647.6M | ||
| Q3 24 | $466.6M | $550.0M | ||
| Q2 24 | $452.8M | $613.3M | ||
| Q1 24 | $471.4M | $528.3M |
净利润MZTIRHP
| Q4 25 | $59.1M | $74.5M | ||
| Q3 25 | $47.2M | $34.9M | ||
| Q2 25 | $32.5M | $71.8M | ||
| Q1 25 | $41.1M | $63.0M | ||
| Q4 24 | $49.0M | $72.3M | ||
| Q3 24 | $44.7M | $59.0M | ||
| Q2 24 | $34.8M | $100.8M | ||
| Q1 24 | $28.4M | $42.8M |
毛利率MZTIRHP
| Q4 25 | 26.5% | 41.4% | ||
| Q3 25 | 24.1% | 40.9% | ||
| Q2 25 | 22.3% | 49.7% | ||
| Q1 25 | 23.1% | 44.4% | ||
| Q4 24 | 26.1% | 40.4% | ||
| Q3 24 | 23.8% | 43.1% | ||
| Q2 24 | 21.6% | 48.4% | ||
| Q1 24 | 22.2% | 41.5% |
营业利润率MZTIRHP
| Q4 25 | 14.5% | 19.4% | ||
| Q3 25 | 12.0% | 15.0% | ||
| Q2 25 | 8.2% | 21.1% | ||
| Q1 25 | 10.9% | 19.8% | ||
| Q4 24 | 14.9% | 18.6% | ||
| Q3 24 | 12.0% | 19.3% | ||
| Q2 24 | 9.2% | 27.4% | ||
| Q1 24 | 7.5% | 18.2% |
净利率MZTIRHP
| Q4 25 | 11.4% | 10.1% | ||
| Q3 25 | 9.6% | 5.9% | ||
| Q2 25 | 6.8% | 10.9% | ||
| Q1 25 | 9.0% | 10.7% | ||
| Q4 24 | 9.6% | 11.2% | ||
| Q3 24 | 9.6% | 10.7% | ||
| Q2 24 | 7.7% | 16.4% | ||
| Q1 24 | 6.0% | 8.1% |
每股收益（稀释后）MZTIRHP
| Q4 25 | $2.15 | $1.12 | ||
| Q3 25 | $1.71 | $0.53 | ||
| Q2 25 | $1.18 | $1.12 | ||
| Q1 25 | $1.49 | $1.00 | ||
| Q4 24 | $1.78 | $1.12 | ||
| Q3 24 | $1.62 | $0.94 | ||
| Q2 24 | $1.27 | $1.65 | ||
| Q1 24 | $1.03 | $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 | $201.6M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $750.2M |
| 总资产 | $1.3B | $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MZTIRHP
| Q4 25 | $201.6M | $471.4M | ||
| Q3 25 | $182.2M | $483.3M | ||
| Q2 25 | $161.5M | $420.6M | ||
| Q1 25 | $124.6M | $413.9M | ||
| Q4 24 | $203.1M | $477.7M | ||
| Q3 24 | $135.1M | $534.9M | ||
| Q2 24 | $163.4M | $498.4M | ||
| Q1 24 | $164.8M | $465.3M |
股东权益MZTIRHP
| Q4 25 | $1.0B | $750.2M | ||
| Q3 25 | $1.0B | $758.5M | ||
| Q2 25 | $998.5M | $800.4M | ||
| Q1 25 | $996.2M | $531.5M | ||
| Q4 24 | $979.9M | $549.0M | ||
| Q3 24 | $945.1M | $551.9M | ||
| Q2 24 | $925.8M | $562.6M | ||
| Q1 24 | $912.9M | $529.9M |
总资产MZTIRHP
| Q4 25 | $1.3B | $6.2B | ||
| Q3 25 | $1.3B | $6.2B | ||
| Q2 25 | $1.3B | $6.1B | ||
| Q1 25 | $1.3B | $5.2B | ||
| Q4 24 | $1.2B | $5.2B | ||
| Q3 24 | $1.2B | $5.2B | ||
| Q2 24 | $1.2B | $5.1B | ||
| Q1 24 | $1.2B | $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 | $88.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $70.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 13.7% | 7.9% |
| 资本支出强度资本支出/营收 | 3.4% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.50× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $229.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流MZTIRHP
| Q4 25 | $88.6M | $164.7M | ||
| Q3 25 | $69.5M | $205.2M | ||
| Q2 25 | $88.2M | $122.5M | ||
| Q1 25 | $45.8M | $98.2M | ||
| Q4 24 | $107.6M | $166.6M | ||
| Q3 24 | $19.9M | $218.1M | ||
| Q2 24 | $34.1M | $184.3M | ||
| Q1 24 | $75.9M | $7.5M |
自由现金流MZTIRHP
| Q4 25 | $70.9M | $58.5M | ||
| Q3 25 | $53.9M | $135.4M | ||
| Q2 25 | $73.9M | $53.0M | ||
| Q1 25 | $30.8M | $-14.5M | ||
| Q4 24 | $96.6M | $76.0M | ||
| Q3 24 | $2.3M | $85.7M | ||
| Q2 24 | $18.5M | $78.8M | ||
| Q1 24 | $61.1M | $-72.0M |
自由现金流率MZTIRHP
| Q4 25 | 13.7% | 7.9% | ||
| Q3 25 | 10.9% | 22.9% | ||
| Q2 25 | 15.5% | 8.0% | ||
| Q1 25 | 6.7% | -2.5% | ||
| Q4 24 | 19.0% | 11.7% | ||
| Q3 24 | 0.5% | 15.6% | ||
| Q2 24 | 4.1% | 12.9% | ||
| Q1 24 | 13.0% | -13.6% |
资本支出强度MZTIRHP
| Q4 25 | 3.4% | 14.4% | ||
| Q3 25 | 3.2% | 11.8% | ||
| Q2 25 | 3.0% | 10.5% | ||
| Q1 25 | 3.3% | 19.2% | ||
| Q4 24 | 2.2% | 14.0% | ||
| Q3 24 | 3.8% | 24.1% | ||
| Q2 24 | 3.4% | 17.2% | ||
| Q1 24 | 3.2% | 15.0% |
现金转化率MZTIRHP
| Q4 25 | 1.50× | 2.21× | ||
| Q3 25 | 1.47× | 5.88× | ||
| Q2 25 | 2.71× | 1.71× | ||
| Q1 25 | 1.11× | 1.56× | ||
| Q4 24 | 2.20× | 2.30× | ||
| Q3 24 | 0.45× | 3.70× | ||
| Q2 24 | 0.98× | 1.83× | ||
| Q1 24 | 2.68× | 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
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
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% |
