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OPENLANE, Inc.（OPLN）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OPENLANE, Inc.的1.5倍（$737.8M vs $494.3M），OPENLANE, Inc.净利率更高（12.0% vs 10.1%，领先1.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 8.6%），OPENLANE, Inc.自由现金流更多（$110.8M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 7.2%）
OPENLANE Inc.是全球领先的数字化汽车批发交易平台运营商，连接汽车经销商、车队运营商、金融机构等卖家与专业买家，提供二手车、租赁到期车辆等的透明高效交易服务，业务覆盖北美、欧洲等全球主要市场。
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。
OPLN vs RHP — 直观对比
营收规模更大
RHP
是对方的1.5倍
$494.3M
营收增速更快
RHP
高出5.3%
8.6%
净利率更高
OPLN
高出1.9%
10.1%
自由现金流更多
OPLN
多$52.3M
$58.5M
两年增速更快
RHP
近两年复合增速
7.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $494.3M | $737.8M |
| 净利润 | $59.5M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 8.6% | 19.4% |
| 净利率 | 12.0% | 10.1% |
| 营收同比 | 8.6% | 13.9% |
| 净利润同比 | 13.8% | 3.0% |
| 每股收益（稀释后） | $-1.54 | $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OPLNRHP
| Q4 25 | $494.3M | $737.8M | ||
| Q3 25 | $498.4M | $592.5M | ||
| Q2 25 | $481.7M | $659.5M | ||
| Q1 25 | $460.1M | $587.3M | ||
| Q4 24 | $455.0M | $647.6M | ||
| Q3 24 | $459.8M | $550.0M | ||
| Q2 24 | $443.8M | $613.3M | ||
| Q1 24 | $429.9M | $528.3M |
净利润OPLNRHP
| Q4 25 | $59.5M | $74.5M | ||
| Q3 25 | $47.9M | $34.9M | ||
| Q2 25 | $33.4M | $71.8M | ||
| Q1 25 | $36.9M | $63.0M | ||
| Q4 24 | $52.3M | $72.3M | ||
| Q3 24 | $28.4M | $59.0M | ||
| Q2 24 | $10.7M | $100.8M | ||
| Q1 24 | $18.5M | $42.8M |
毛利率OPLNRHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
营业利润率OPLNRHP
| Q4 25 | 8.6% | 19.4% | ||
| Q3 25 | 11.0% | 15.0% | ||
| Q2 25 | 9.8% | 21.1% | ||
| Q1 25 | 11.2% | 19.8% | ||
| Q4 24 | 17.4% | 18.6% | ||
| Q3 24 | 9.2% | 19.3% | ||
| Q2 24 | 5.4% | 27.4% | ||
| Q1 24 | 8.6% | 18.2% |
净利率OPLNRHP
| Q4 25 | 12.0% | 10.1% | ||
| Q3 25 | 9.6% | 5.9% | ||
| Q2 25 | 6.9% | 10.9% | ||
| Q1 25 | 8.0% | 10.7% | ||
| Q4 24 | 11.5% | 11.2% | ||
| Q3 24 | 6.2% | 10.7% | ||
| Q2 24 | 2.4% | 16.4% | ||
| Q1 24 | 4.3% | 8.1% |
每股收益（稀释后）OPLNRHP
| Q4 25 | $-1.54 | $1.12 | ||
| Q3 25 | $0.25 | $0.53 | ||
| Q2 25 | $0.15 | $1.12 | ||
| Q1 25 | $0.18 | $1.00 | ||
| Q4 24 | $0.28 | $1.12 | ||
| Q3 24 | $0.12 | $0.94 | ||
| Q2 24 | $0.00 | $1.65 | ||
| Q1 24 | $0.05 | $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 | $141.5M | $471.4M |
| 总债务越低越好 | $550.0M | — |
| 股东权益账面价值 | $1.2B | $750.2M |
| 总资产 | $4.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资OPLNRHP
| Q4 25 | $141.5M | $471.4M | ||
| Q3 25 | $119.3M | $483.3M | ||
| Q2 25 | $119.1M | $420.6M | ||
| Q1 25 | $220.5M | $413.9M | ||
| Q4 24 | $143.0M | $477.7M | ||
| Q3 24 | $132.1M | $534.9M | ||
| Q2 24 | $60.9M | $498.4M | ||
| Q1 24 | $105.2M | $465.3M |
总债务OPLNRHP
| Q4 25 | $550.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $230.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益OPLNRHP
| Q4 25 | $1.2B | $750.2M | ||
| Q3 25 | $1.4B | $758.5M | ||
| Q2 25 | $1.4B | $800.4M | ||
| Q1 25 | $1.4B | $531.5M | ||
| Q4 24 | $1.3B | $549.0M | ||
| Q3 24 | $1.3B | $551.9M | ||
| Q2 24 | $1.3B | $562.6M | ||
| Q1 24 | $1.3B | $529.9M |
总资产OPLNRHP
| Q4 25 | $4.7B | $6.2B | ||
| Q3 25 | $4.8B | $6.2B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | $4.8B | $5.2B | ||
| Q4 24 | $4.6B | $5.2B | ||
| Q3 24 | $4.6B | $5.2B | ||
| Q2 24 | $4.6B | $5.1B | ||
| Q1 24 | $4.8B | $5.1B |
负债/权益比OPLNRHP
| Q4 25 | 0.44× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $125.5M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $110.8M | $58.5M |
| 自由现金流率自由现金流/营收 | 22.4% | 7.9% |
| 资本支出强度资本支出/营收 | 3.0% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.11× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $336.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流OPLNRHP
| Q4 25 | $125.5M | $164.7M | ||
| Q3 25 | $72.2M | $205.2M | ||
| Q2 25 | $71.6M | $122.5M | ||
| Q1 25 | $122.6M | $98.2M | ||
| Q4 24 | $32.7M | $166.6M | ||
| Q3 24 | $122.4M | $218.1M | ||
| Q2 24 | $37.5M | $184.3M | ||
| Q1 24 | $100.2M | $7.5M |
自由现金流OPLNRHP
| Q4 25 | $110.8M | $58.5M | ||
| Q3 25 | $57.6M | $135.4M | ||
| Q2 25 | $57.4M | $53.0M | ||
| Q1 25 | $110.7M | $-14.5M | ||
| Q4 24 | $18.7M | $76.0M | ||
| Q3 24 | $109.3M | $85.7M | ||
| Q2 24 | $24.5M | $78.8M | ||
| Q1 24 | $87.3M | $-72.0M |
自由现金流率OPLNRHP
| Q4 25 | 22.4% | 7.9% | ||
| Q3 25 | 11.6% | 22.9% | ||
| Q2 25 | 11.9% | 8.0% | ||
| Q1 25 | 24.1% | -2.5% | ||
| Q4 24 | 4.1% | 11.7% | ||
| Q3 24 | 23.8% | 15.6% | ||
| Q2 24 | 5.5% | 12.9% | ||
| Q1 24 | 20.3% | -13.6% |
资本支出强度OPLNRHP
| Q4 25 | 3.0% | 14.4% | ||
| Q3 25 | 2.9% | 11.8% | ||
| Q2 25 | 2.9% | 10.5% | ||
| Q1 25 | 2.6% | 19.2% | ||
| Q4 24 | 3.1% | 14.0% | ||
| Q3 24 | 2.8% | 24.1% | ||
| Q2 24 | 2.9% | 17.2% | ||
| Q1 24 | 3.0% | 15.0% |
现金转化率OPLNRHP
| Q4 25 | 2.11× | 2.21× | ||
| Q3 25 | 1.51× | 5.88× | ||
| Q2 25 | 2.14× | 1.71× | ||
| Q1 25 | 3.32× | 1.56× | ||
| Q4 24 | 0.63× | 2.30× | ||
| Q3 24 | 4.31× | 3.70× | ||
| Q2 24 | 3.50× | 1.83× | ||
| Q1 24 | 5.42× | 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
OPLN
| Marketplace | $384.7M | 78% |
| Finance | $109.6M | 22% |
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% |
