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必能宝（PBI）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.的季度营收约是必能宝的1.5倍（$737.8M vs $477.6M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 5.7%，领先4.4%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -7.5%），必能宝自由现金流更多（$201.4M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -4.3%）
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
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。
PBI vs RHP — 直观对比
营收规模更大
RHP
是对方的1.5倍
$477.6M
营收增速更快
RHP
高出21.4%
-7.5%
净利率更高
RHP
高出4.4%
5.7%
自由现金流更多
PBI
多$142.9M
$58.5M
两年增速更快
RHP
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $477.6M | $737.8M |
| 净利润 | $27.3M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 8.0% | 19.4% |
| 净利率 | 5.7% | 10.1% |
| 营收同比 | -7.5% | 13.9% |
| 净利润同比 | 173.1% | 3.0% |
| 每股收益（稀释后） | $0.18 | $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PBIRHP
| Q4 25 | $477.6M | $737.8M | ||
| Q3 25 | $459.7M | $592.5M | ||
| Q2 25 | $461.9M | $659.5M | ||
| Q1 25 | $493.4M | $587.3M | ||
| Q4 24 | $516.1M | $647.6M | ||
| Q3 24 | $499.5M | $550.0M | ||
| Q2 24 | $489.7M | $613.3M | ||
| Q1 24 | $521.3M | $528.3M |
净利润PBIRHP
| Q4 25 | $27.3M | $74.5M | ||
| Q3 25 | $52.0M | $34.9M | ||
| Q2 25 | $30.0M | $71.8M | ||
| Q1 25 | $35.4M | $63.0M | ||
| Q4 24 | $-37.4M | $72.3M | ||
| Q3 24 | $-138.5M | $59.0M | ||
| Q2 24 | $-24.9M | $100.8M | ||
| Q1 24 | $-2.9M | $42.8M |
毛利率PBIRHP
| Q4 25 | — | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | 53.8% | 40.4% | ||
| Q3 24 | 52.4% | 43.1% | ||
| Q2 24 | 51.1% | 48.4% | ||
| Q1 24 | 52.3% | 41.5% |
营业利润率PBIRHP
| Q4 25 | 8.0% | 19.4% | ||
| Q3 25 | 14.8% | 15.0% | ||
| Q2 25 | 8.5% | 21.1% | ||
| Q1 25 | 9.5% | 19.8% | ||
| Q4 24 | -9.3% | 18.6% | ||
| Q3 24 | -8.8% | 19.3% | ||
| Q2 24 | -1.6% | 27.4% | ||
| Q1 24 | 9.1% | 18.2% |
净利率PBIRHP
| Q4 25 | 5.7% | 10.1% | ||
| Q3 25 | 11.3% | 5.9% | ||
| Q2 25 | 6.5% | 10.9% | ||
| Q1 25 | 7.2% | 10.7% | ||
| Q4 24 | -7.2% | 11.2% | ||
| Q3 24 | -27.7% | 10.7% | ||
| Q2 24 | -5.1% | 16.4% | ||
| Q1 24 | -0.6% | 8.1% |
每股收益（稀释后）PBIRHP
| Q4 25 | $0.18 | $1.12 | ||
| Q3 25 | $0.30 | $0.53 | ||
| Q2 25 | $0.17 | $1.12 | ||
| Q1 25 | $0.19 | $1.00 | ||
| Q4 24 | $-0.21 | $1.12 | ||
| Q3 24 | $-0.75 | $0.94 | ||
| Q2 24 | $-0.14 | $1.65 | ||
| Q1 24 | $-0.02 | $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 | $297.1M | $471.4M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $-802.4M | $750.2M |
| 总资产 | $3.2B | $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PBIRHP
| Q4 25 | $297.1M | $471.4M | ||
| Q3 25 | $336.0M | $483.3M | ||
| Q2 25 | $300.8M | $420.6M | ||
| Q1 25 | $340.0M | $413.9M | ||
| Q4 24 | $486.1M | $477.7M | ||
| Q3 24 | $575.5M | $534.9M | ||
| Q2 24 | $612.0M | $498.4M | ||
| Q1 24 | $538.0M | $465.3M |
总债务PBIRHP
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
股东权益PBIRHP
| Q4 25 | $-802.4M | $750.2M | ||
| Q3 25 | $-661.5M | $758.5M | ||
| Q2 25 | $-536.8M | $800.4M | ||
| Q1 25 | $-535.9M | $531.5M | ||
| Q4 24 | $-578.4M | $549.0M | ||
| Q3 24 | $-518.9M | $551.9M | ||
| Q2 24 | $-427.9M | $562.6M | ||
| Q1 24 | $-392.4M | $529.9M |
总资产PBIRHP
| Q4 25 | $3.2B | $6.2B | ||
| Q3 25 | $3.3B | $6.2B | ||
| Q2 25 | $3.2B | $6.1B | ||
| Q1 25 | $3.3B | $5.2B | ||
| Q4 24 | $3.4B | $5.2B | ||
| Q3 24 | $3.6B | $5.2B | ||
| Q2 24 | $4.1B | $5.1B | ||
| Q1 24 | $4.1B | $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 | $221.7M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $201.4M | $58.5M |
| 自由现金流率自由现金流/营收 | 42.2% | 7.9% |
| 资本支出强度资本支出/营收 | 4.2% | 14.4% |
| 现金转化率经营现金流/净利润 | 8.11× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $317.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流PBIRHP
| Q4 25 | $221.7M | $164.7M | ||
| Q3 25 | $66.8M | $205.2M | ||
| Q2 25 | $111.4M | $122.5M | ||
| Q1 25 | $-16.7M | $98.2M | ||
| Q4 24 | $134.5M | $166.6M | ||
| Q3 24 | $14.7M | $218.1M | ||
| Q2 24 | $92.6M | $184.3M | ||
| Q1 24 | $-12.6M | $7.5M |
自由现金流PBIRHP
| Q4 25 | $201.4M | $58.5M | ||
| Q3 25 | $51.1M | $135.4M | ||
| Q2 25 | $98.0M | $53.0M | ||
| Q1 25 | $-33.6M | $-14.5M | ||
| Q4 24 | $112.3M | $76.0M | ||
| Q3 24 | $-4.7M | $85.7M | ||
| Q2 24 | $76.1M | $78.8M | ||
| Q1 24 | $-26.9M | $-72.0M |
自由现金流率PBIRHP
| Q4 25 | 42.2% | 7.9% | ||
| Q3 25 | 11.1% | 22.9% | ||
| Q2 25 | 21.2% | 8.0% | ||
| Q1 25 | -6.8% | -2.5% | ||
| Q4 24 | 21.8% | 11.7% | ||
| Q3 24 | -0.9% | 15.6% | ||
| Q2 24 | 15.5% | 12.9% | ||
| Q1 24 | -5.2% | -13.6% |
资本支出强度PBIRHP
| Q4 25 | 4.2% | 14.4% | ||
| Q3 25 | 3.4% | 11.8% | ||
| Q2 25 | 2.9% | 10.5% | ||
| Q1 25 | 3.4% | 19.2% | ||
| Q4 24 | 4.3% | 14.0% | ||
| Q3 24 | 3.9% | 24.1% | ||
| Q2 24 | 3.4% | 17.2% | ||
| Q1 24 | 2.7% | 15.0% |
现金转化率PBIRHP
| Q4 25 | 8.11× | 2.21× | ||
| Q3 25 | 1.29× | 5.88× | ||
| Q2 25 | 3.72× | 1.71× | ||
| Q1 25 | -0.47× | 1.56× | ||
| Q4 24 | — | 2.30× | ||
| Q3 24 | — | 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
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
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% |
