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Paylocity Holding Corp（PCTY）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Paylocity Holding Corp的1.9倍（$737.8M vs $387.0M），Paylocity Holding Corp净利率更高（13.0% vs 10.1%，领先2.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 11.3%），Paylocity Holding Corp自由现金流更多（$113.6M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 2.7%）
Paylocity Holding Corp是美国领先的云端人力资源管理服务商，核心产品覆盖薪资核算、支出管理及人力资本管理（HCM）类SaaS软件，可帮助不同规模的企业客户优化人力与财务相关运营流程，有效提升管理效率、降低运营成本。
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。
PCTY vs RHP — 直观对比
营收规模更大
RHP
是对方的1.9倍
$387.0M
营收增速更快
RHP
高出2.6%
11.3%
净利率更高
PCTY
高出2.9%
10.1%
自由现金流更多
PCTY
多$55.1M
$58.5M
两年增速更快
RHP
近两年复合增速
2.7%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $387.0M | $737.8M |
| 净利润 | $50.2M | $74.5M |
| 毛利率 | 72.9% | 41.4% |
| 营业利润率 | 18.2% | 19.4% |
| 净利率 | 13.0% | 10.1% |
| 营收同比 | 11.3% | 13.9% |
| 净利润同比 | 34.0% | 3.0% |
| 每股收益（稀释后） | $0.92 | $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PCTYRHP
| Q4 25 | $387.0M | $737.8M | ||
| Q3 25 | $378.9M | $592.5M | ||
| Q2 25 | $369.9M | $659.5M | ||
| Q1 25 | $421.1M | $587.3M | ||
| Q4 24 | $347.7M | $647.6M | ||
| Q3 24 | $333.1M | $550.0M | ||
| Q2 24 | $324.7M | $613.3M | ||
| Q1 24 | $366.8M | $528.3M |
净利润PCTYRHP
| Q4 25 | $50.2M | $74.5M | ||
| Q3 25 | $48.0M | $34.9M | ||
| Q2 25 | $48.6M | $71.8M | ||
| Q1 25 | $91.5M | $63.0M | ||
| Q4 24 | $37.5M | $72.3M | ||
| Q3 24 | $49.6M | $59.0M | ||
| Q2 24 | $48.8M | $100.8M | ||
| Q1 24 | $85.3M | $42.8M |
毛利率PCTYRHP
| Q4 25 | 72.9% | 41.4% | ||
| Q3 25 | 73.9% | 40.9% | ||
| Q2 25 | 73.5% | 49.7% | ||
| Q1 25 | 77.1% | 44.4% | ||
| Q4 24 | 72.6% | 40.4% | ||
| Q3 24 | 74.4% | 43.1% | ||
| Q2 24 | 74.0% | 48.4% | ||
| Q1 24 | 77.8% | 41.5% |
营业利润率PCTYRHP
| Q4 25 | 18.2% | 19.4% | ||
| Q3 25 | 19.6% | 15.0% | ||
| Q2 25 | 17.9% | 21.1% | ||
| Q1 25 | 30.2% | 19.8% | ||
| Q4 24 | 13.4% | 18.6% | ||
| Q3 24 | 19.3% | 19.3% | ||
| Q2 24 | 19.4% | 27.4% | ||
| Q1 24 | 29.0% | 18.2% |
净利率PCTYRHP
| Q4 25 | 13.0% | 10.1% | ||
| Q3 25 | 12.7% | 5.9% | ||
| Q2 25 | 13.1% | 10.9% | ||
| Q1 25 | 21.7% | 10.7% | ||
| Q4 24 | 10.8% | 11.2% | ||
| Q3 24 | 14.9% | 10.7% | ||
| Q2 24 | 15.0% | 16.4% | ||
| Q1 24 | 23.3% | 8.1% |
每股收益（稀释后）PCTYRHP
| Q4 25 | $0.92 | $1.12 | ||
| Q3 25 | $0.86 | $0.53 | ||
| Q2 25 | $0.87 | $1.12 | ||
| Q1 25 | $1.61 | $1.00 | ||
| Q4 24 | $0.66 | $1.12 | ||
| Q3 24 | $0.88 | $0.94 | ||
| Q2 24 | $0.85 | $1.65 | ||
| Q1 24 | $1.50 | $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 | $162.5M | $471.4M |
| 总债务越低越好 | $81.3M | — |
| 股东权益账面价值 | $1.1B | $750.2M |
| 总资产 | $7.0B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.07× | — |
8季度趋势，按日历期对齐
现金及短期投资PCTYRHP
| Q4 25 | $162.5M | $471.4M | ||
| Q3 25 | $165.2M | $483.3M | ||
| Q2 25 | $398.1M | $420.6M | ||
| Q1 25 | $477.8M | $413.9M | ||
| Q4 24 | $482.4M | $477.7M | ||
| Q3 24 | $778.5M | $534.9M | ||
| Q2 24 | $401.8M | $498.4M | ||
| Q1 24 | $492.7M | $465.3M |
总债务PCTYRHP
| Q4 25 | $81.3M | — | ||
| Q3 25 | $81.3M | — | ||
| Q2 25 | $162.5M | — | ||
| Q1 25 | $243.8M | — | ||
| Q4 24 | $325.0M | — | ||
| Q3 24 | $325.0M | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | — | — |
股东权益PCTYRHP
| Q4 25 | $1.1B | $750.2M | ||
| Q3 25 | $1.1B | $758.5M | ||
| Q2 25 | $1.2B | $800.4M | ||
| Q1 25 | $1.2B | $531.5M | ||
| Q4 24 | $1.2B | $549.0M | ||
| Q3 24 | $1.1B | $551.9M | ||
| Q2 24 | $1.0B | $562.6M | ||
| Q1 24 | $1.1B | $529.9M |
总资产PCTYRHP
| Q4 25 | $7.0B | $6.2B | ||
| Q3 25 | $4.2B | $6.2B | ||
| Q2 25 | $4.4B | $6.1B | ||
| Q1 25 | $5.2B | $5.2B | ||
| Q4 24 | $5.3B | $5.2B | ||
| Q3 24 | $4.0B | $5.2B | ||
| Q2 24 | $4.2B | $5.1B | ||
| Q1 24 | $5.0B | $5.1B |
负债/权益比PCTYRHP
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.29× | — | ||
| Q2 24 | 0.00× | — | ||
| 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 | $117.0M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $113.6M | $58.5M |
| 自由现金流率自由现金流/营收 | 29.4% | 7.9% |
| 资本支出强度资本支出/营收 | 0.9% | 14.4% |
| 现金转化率经营现金流/净利润 | 2.33× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $461.1M | $232.4M |
8季度趋势，按日历期对齐
经营现金流PCTYRHP
| Q4 25 | $117.0M | $164.7M | ||
| Q3 25 | $86.5M | $205.2M | ||
| Q2 25 | $86.6M | $122.5M | ||
| Q1 25 | $186.0M | $98.2M | ||
| Q4 24 | $54.2M | $166.6M | ||
| Q3 24 | $91.5M | $218.1M | ||
| Q2 24 | $79.9M | $184.3M | ||
| Q1 24 | $167.5M | $7.5M |
自由现金流PCTYRHP
| Q4 25 | $113.6M | $58.5M | ||
| Q3 25 | $82.7M | $135.4M | ||
| Q2 25 | $81.1M | $53.0M | ||
| Q1 25 | $183.7M | $-14.5M | ||
| Q4 24 | $51.2M | $76.0M | ||
| Q3 24 | $89.1M | $85.7M | ||
| Q2 24 | $73.6M | $78.8M | ||
| Q1 24 | $162.0M | $-72.0M |
自由现金流率PCTYRHP
| Q4 25 | 29.4% | 7.9% | ||
| Q3 25 | 21.8% | 22.9% | ||
| Q2 25 | 21.9% | 8.0% | ||
| Q1 25 | 43.6% | -2.5% | ||
| Q4 24 | 14.7% | 11.7% | ||
| Q3 24 | 26.8% | 15.6% | ||
| Q2 24 | 22.7% | 12.9% | ||
| Q1 24 | 44.2% | -13.6% |
资本支出强度PCTYRHP
| Q4 25 | 0.9% | 14.4% | ||
| Q3 25 | 1.0% | 11.8% | ||
| Q2 25 | 1.5% | 10.5% | ||
| Q1 25 | 0.5% | 19.2% | ||
| Q4 24 | 0.9% | 14.0% | ||
| Q3 24 | 0.7% | 24.1% | ||
| Q2 24 | 1.9% | 17.2% | ||
| Q1 24 | 1.5% | 15.0% |
现金转化率PCTYRHP
| Q4 25 | 2.33× | 2.21× | ||
| Q3 25 | 1.80× | 5.88× | ||
| Q2 25 | 1.78× | 1.71× | ||
| Q1 25 | 2.03× | 1.56× | ||
| Q4 24 | 1.45× | 2.30× | ||
| Q3 24 | 1.84× | 3.70× | ||
| Q2 24 | 1.64× | 1.83× | ||
| Q1 24 | 1.96× | 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
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 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% |
