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NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的1.7倍（$737.8M vs $425.9M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 10.1%，领先25.6%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 1.7%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 12.1%）
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
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。
NFG vs RHP — 直观对比
营收规模更大
RHP
是对方的1.7倍
$425.9M
营收增速更快
RHP
高出12.2%
1.7%
净利率更高
NFG
高出25.6%
10.1%
两年增速更快
RHP
近两年复合增速
12.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $425.9M | $737.8M |
| 净利润 | $152.0M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 81.5% | 19.4% |
| 净利率 | 35.7% | 10.1% |
| 营收同比 | 1.7% | 13.9% |
| 净利润同比 | — | 3.0% |
| 每股收益（稀释后） | $1.59 | $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NFGRHP
| Q1 26 | $425.9M | — | ||
| Q4 25 | $637.9M | $737.8M | ||
| Q3 25 | $443.1M | $592.5M | ||
| Q2 25 | $527.4M | $659.5M | ||
| Q1 25 | $734.8M | $587.3M | ||
| Q4 24 | $513.8M | $647.6M | ||
| Q3 24 | $310.0M | $550.0M | ||
| Q2 24 | $338.6M | $613.3M |
净利润NFGRHP
| Q1 26 | $152.0M | — | ||
| Q4 25 | $181.6M | $74.5M | ||
| Q3 25 | $107.3M | $34.9M | ||
| Q2 25 | $149.8M | $71.8M | ||
| Q1 25 | $216.4M | $63.0M | ||
| Q4 24 | $45.0M | $72.3M | ||
| Q3 24 | $-167.6M | $59.0M | ||
| Q2 24 | $-54.2M | $100.8M |
毛利率NFGRHP
| Q1 26 | — | — | ||
| Q4 25 | 86.6% | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | 94.7% | 49.7% | ||
| Q1 25 | 81.6% | 44.4% | ||
| Q4 24 | 87.3% | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | 98.5% | 48.4% |
营业利润率NFGRHP
| Q1 26 | 81.5% | — | ||
| Q4 25 | 43.3% | 19.4% | ||
| Q3 25 | 40.6% | 15.0% | ||
| Q2 25 | 43.7% | 21.1% | ||
| Q1 25 | 43.2% | 19.8% | ||
| Q4 24 | 16.8% | 18.6% | ||
| Q3 24 | -63.4% | 19.3% | ||
| Q2 24 | -15.2% | 27.4% |
净利率NFGRHP
| Q1 26 | 35.7% | — | ||
| Q4 25 | 28.5% | 10.1% | ||
| Q3 25 | 24.2% | 5.9% | ||
| Q2 25 | 28.4% | 10.9% | ||
| Q1 25 | 29.4% | 10.7% | ||
| Q4 24 | 8.8% | 11.2% | ||
| Q3 24 | -54.1% | 10.7% | ||
| Q2 24 | -16.0% | 16.4% |
每股收益（稀释后）NFGRHP
| Q1 26 | $1.59 | — | ||
| Q4 25 | $1.98 | $1.12 | ||
| Q3 25 | $1.18 | $0.53 | ||
| Q2 25 | $1.64 | $1.12 | ||
| Q1 25 | $2.37 | $1.00 | ||
| Q4 24 | $0.49 | $1.12 | ||
| Q3 24 | $-1.81 | $0.94 | ||
| Q2 24 | $-0.59 | $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 | — | $471.4M |
| 总债务越低越好 | $300.0M | — |
| 股东权益账面价值 | — | $750.2M |
| 总资产 | $9.1B | $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NFGRHP
| Q1 26 | — | — | ||
| Q4 25 | $271.4M | $471.4M | ||
| Q3 25 | $43.2M | $483.3M | ||
| Q2 25 | $39.3M | $420.6M | ||
| Q1 25 | $40.0M | $413.9M | ||
| Q4 24 | $48.7M | $477.7M | ||
| Q3 24 | $38.2M | $534.9M | ||
| Q2 24 | $81.4M | $498.4M |
总债务NFGRHP
| Q1 26 | $300.0M | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — |
股东权益NFGRHP
| Q1 26 | — | — | ||
| Q4 25 | $3.6B | $750.2M | ||
| Q3 25 | $3.1B | $758.5M | ||
| Q2 25 | $3.0B | $800.4M | ||
| Q1 25 | $2.8B | $531.5M | ||
| Q4 24 | $-76.2M | $549.0M | ||
| Q3 24 | $-15.5M | $551.9M | ||
| Q2 24 | $5.0M | $562.6M |
总资产NFGRHP
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.2B | $6.2B | ||
| Q3 25 | $8.7B | $6.2B | ||
| Q2 25 | $8.4B | $6.1B | ||
| Q1 25 | $8.5B | $5.2B | ||
| Q4 24 | $8.3B | $5.2B | ||
| Q3 24 | $8.3B | $5.2B | ||
| Q2 24 | $8.5B | $5.1B |
负债/权益比NFGRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 532.10× | — |
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 | $657.3M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | 117.0% | 14.4% |
| 现金转化率经营现金流/净利润 | 4.32× | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流NFGRHP
| Q1 26 | $657.3M | — | ||
| Q4 25 | $274.9M | $164.7M | ||
| Q3 25 | $237.8M | $205.2M | ||
| Q2 25 | $388.4M | $122.5M | ||
| Q1 25 | $253.8M | $98.2M | ||
| Q4 24 | $220.1M | $166.6M | ||
| Q3 24 | $197.9M | $218.1M | ||
| Q2 24 | $281.8M | $184.3M |
自由现金流NFGRHP
| Q1 26 | — | — | ||
| Q4 25 | $-2.7M | $58.5M | ||
| Q3 25 | $-47.8M | $135.4M | ||
| Q2 25 | $195.3M | $53.0M | ||
| Q1 25 | $59.9M | $-14.5M | ||
| Q4 24 | $-20.3M | $76.0M | ||
| Q3 24 | $-49.1M | $85.7M | ||
| Q2 24 | $79.5M | $78.8M |
自由现金流率NFGRHP
| Q1 26 | — | — | ||
| Q4 25 | -0.4% | 7.9% | ||
| Q3 25 | -10.8% | 22.9% | ||
| Q2 25 | 37.0% | 8.0% | ||
| Q1 25 | 8.2% | -2.5% | ||
| Q4 24 | -4.0% | 11.7% | ||
| Q3 24 | -15.8% | 15.6% | ||
| Q2 24 | 23.5% | 12.9% |
资本支出强度NFGRHP
| Q1 26 | 117.0% | — | ||
| Q4 25 | 43.5% | 14.4% | ||
| Q3 25 | 64.4% | 11.8% | ||
| Q2 25 | 36.6% | 10.5% | ||
| Q1 25 | 26.4% | 19.2% | ||
| Q4 24 | 46.8% | 14.0% | ||
| Q3 24 | 79.7% | 24.1% | ||
| Q2 24 | 59.7% | 17.2% |
现金转化率NFGRHP
| Q1 26 | 4.32× | — | ||
| Q4 25 | 1.51× | 2.21× | ||
| Q3 25 | 2.21× | 5.88× | ||
| Q2 25 | 2.59× | 1.71× | ||
| Q1 25 | 1.17× | 1.56× | ||
| Q4 24 | 4.89× | 2.30× | ||
| Q3 24 | — | 3.70× | ||
| Q2 24 | — | 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
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
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% |
