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如新（NUS）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.的季度营收约是如新的2.0倍（$737.8M vs $370.3M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 3.9%，领先6.2%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -16.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $5.9M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -5.8%）
如新企业集团是一家美国多层次直销企业，主打研发并销售个人护理产品与营养膳食补充产品，旗下拥有Nu Skin及Pharmanex两大品牌，目前已在全球54个市场开展业务，依托约120万独立销售代表的销售网络覆盖全球市场。
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。
NUS vs RHP — 直观对比
营收规模更大
RHP
是对方的2.0倍
$370.3M
营收增速更快
RHP
高出30.8%
-16.9%
净利率更高
RHP
高出6.2%
3.9%
自由现金流更多
RHP
多$52.7M
$5.9M
两年增速更快
RHP
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $370.3M | $737.8M |
| 净利润 | $14.5M | $74.5M |
| 毛利率 | 70.7% | 41.4% |
| 营业利润率 | 6.3% | 19.4% |
| 净利率 | 3.9% | 10.1% |
| 营收同比 | -16.9% | 13.9% |
| 净利润同比 | 140.1% | 3.0% |
| 每股收益（稀释后） | $0.27 | $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NUSRHP
| Q4 25 | $370.3M | $737.8M | ||
| Q3 25 | $364.2M | $592.5M | ||
| Q2 25 | $386.1M | $659.5M | ||
| Q1 25 | $364.5M | $587.3M | ||
| Q4 24 | $445.6M | $647.6M | ||
| Q3 24 | $430.1M | $550.0M | ||
| Q2 24 | $439.1M | $613.3M | ||
| Q1 24 | $417.3M | $528.3M |
净利润NUSRHP
| Q4 25 | $14.5M | $74.5M | ||
| Q3 25 | $17.1M | $34.9M | ||
| Q2 25 | $21.1M | $71.8M | ||
| Q1 25 | $107.5M | $63.0M | ||
| Q4 24 | $-36.1M | $72.3M | ||
| Q3 24 | $8.3M | $59.0M | ||
| Q2 24 | $-118.3M | $100.8M | ||
| Q1 24 | $-533.0K | $42.8M |
毛利率NUSRHP
| Q4 25 | 70.7% | 41.4% | ||
| Q3 25 | 70.5% | 40.9% | ||
| Q2 25 | 68.8% | 49.7% | ||
| Q1 25 | 67.8% | 44.4% | ||
| Q4 24 | 62.7% | 40.4% | ||
| Q3 24 | 70.1% | 43.1% | ||
| Q2 24 | 70.0% | 48.4% | ||
| Q1 24 | 70.5% | 41.5% |
营业利润率NUSRHP
| Q4 25 | 6.3% | 19.4% | ||
| Q3 25 | 5.9% | 15.0% | ||
| Q2 25 | 8.0% | 21.1% | ||
| Q1 25 | -2.7% | 19.8% | ||
| Q4 24 | -11.9% | 18.6% | ||
| Q3 24 | 4.2% | 19.3% | ||
| Q2 24 | -28.6% | 27.4% | ||
| Q1 24 | 2.1% | 18.2% |
净利率NUSRHP
| Q4 25 | 3.9% | 10.1% | ||
| Q3 25 | 4.7% | 5.9% | ||
| Q2 25 | 5.5% | 10.9% | ||
| Q1 25 | 29.5% | 10.7% | ||
| Q4 24 | -8.1% | 11.2% | ||
| Q3 24 | 1.9% | 10.7% | ||
| Q2 24 | -26.9% | 16.4% | ||
| Q1 24 | -0.1% | 8.1% |
每股收益（稀释后）NUSRHP
| Q4 25 | $0.27 | $1.12 | ||
| Q3 25 | $0.34 | $0.53 | ||
| Q2 25 | $0.43 | $1.12 | ||
| Q1 25 | $2.14 | $1.00 | ||
| Q4 24 | $-0.73 | $1.12 | ||
| Q3 24 | $0.17 | $0.94 | ||
| Q2 24 | $-2.38 | $1.65 | ||
| Q1 24 | $-0.01 | $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 | $239.8M | $471.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $805.2M | $750.2M |
| 总资产 | $1.4B | $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NUSRHP
| Q4 25 | $239.8M | $471.4M | ||
| Q3 25 | $253.0M | $483.3M | ||
| Q2 25 | $265.4M | $420.6M | ||
| Q1 25 | $213.6M | $413.9M | ||
| Q4 24 | $198.0M | $477.7M | ||
| Q3 24 | $237.8M | $534.9M | ||
| Q2 24 | $232.9M | $498.4M | ||
| Q1 24 | $221.2M | $465.3M |
股东权益NUSRHP
| Q4 25 | $805.2M | $750.2M | ||
| Q3 25 | $799.8M | $758.5M | ||
| Q2 25 | $787.8M | $800.4M | ||
| Q1 25 | $754.0M | $531.5M | ||
| Q4 24 | $651.5M | $549.0M | ||
| Q3 24 | $706.9M | $551.9M | ||
| Q2 24 | $686.2M | $562.6M | ||
| Q1 24 | $810.2M | $529.9M |
总资产NUSRHP
| Q4 25 | $1.4B | $6.2B | ||
| Q3 25 | $1.4B | $6.2B | ||
| Q2 25 | $1.4B | $6.1B | ||
| Q1 25 | $1.4B | $5.2B | ||
| Q4 24 | $1.5B | $5.2B | ||
| Q3 24 | $1.6B | $5.2B | ||
| Q2 24 | $1.6B | $5.1B | ||
| Q1 24 | $1.7B | $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 | $16.6M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $5.9M | $58.5M |
| 自由现金流率自由现金流/营收 | 1.6% | 7.9% |
| 资本支出强度资本支出/营收 | 2.9% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.15× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $46.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流NUSRHP
| Q4 25 | $16.6M | $164.7M | ||
| Q3 25 | $27.5M | $205.2M | ||
| Q2 25 | $35.8M | $122.5M | ||
| Q1 25 | $389.0K | $98.2M | ||
| Q4 24 | $25.8M | $166.6M | ||
| Q3 24 | $31.4M | $218.1M | ||
| Q2 24 | $51.2M | $184.3M | ||
| Q1 24 | $3.3M | $7.5M |
自由现金流NUSRHP
| Q4 25 | $5.9M | $58.5M | ||
| Q3 25 | $17.6M | $135.4M | ||
| Q2 25 | $35.8M | $53.0M | ||
| Q1 25 | $-13.2M | $-14.5M | ||
| Q4 24 | $13.2M | $76.0M | ||
| Q3 24 | $22.8M | $85.7M | ||
| Q2 24 | $43.1M | $78.8M | ||
| Q1 24 | $-9.0M | $-72.0M |
自由现金流率NUSRHP
| Q4 25 | 1.6% | 7.9% | ||
| Q3 25 | 4.8% | 22.9% | ||
| Q2 25 | 9.3% | 8.0% | ||
| Q1 25 | -3.6% | -2.5% | ||
| Q4 24 | 3.0% | 11.7% | ||
| Q3 24 | 5.3% | 15.6% | ||
| Q2 24 | 9.8% | 12.9% | ||
| Q1 24 | -2.1% | -13.6% |
资本支出强度NUSRHP
| Q4 25 | 2.9% | 14.4% | ||
| Q3 25 | 2.7% | 11.8% | ||
| Q2 25 | 0.0% | 10.5% | ||
| Q1 25 | 3.7% | 19.2% | ||
| Q4 24 | 2.8% | 14.0% | ||
| Q3 24 | 2.0% | 24.1% | ||
| Q2 24 | 1.9% | 17.2% | ||
| Q1 24 | 2.9% | 15.0% |
现金转化率NUSRHP
| Q4 25 | 1.15× | 2.21× | ||
| Q3 25 | 1.61× | 5.88× | ||
| Q2 25 | 1.69× | 1.71× | ||
| Q1 25 | 0.00× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | 3.79× | 3.70× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | 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
NUS
| Other | $161.9M | 44% |
| Mainland China Segment | $52.0M | 14% |
| Southeast Asia Pacific Segment | $50.5M | 14% |
| Europe And Africa Segment | $41.8M | 11% |
| Hong Kong Taiwan Segment | $29.6M | 8% |
| South Korea Segment | $28.4M | 8% |
| Rhyz Other Segment | $6.1M | 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% |
