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PENN Entertainment, Inc.（PENN）与Park Hotels & Resorts Inc.（PK）财务数据对比。点击上方公司名可切换其他公司
PENN Entertainment, Inc.的季度营收约是Park Hotels & Resorts Inc.的2.8倍（$1.8B vs $629.0M），PENN Entertainment, Inc.净利率更高（-0.2% vs -32.6%，领先32.4%），PENN Entertainment, Inc.同比增速更快（6.4% vs 0.6%），过去两年PENN Entertainment, Inc.的营收复合增速更高（3.4% vs -0.8%）
Penn Entertainment, Inc.（前称宾州国家博彩）是美国知名娱乐企业，业务涵盖综合娱乐运营、体育内容供给及赌场博彩服务，旗下运营好莱坞赌场、Ameristar、Boomtown等品牌，在全美20个州拥有43处经营场所，同时持有加拿大数字媒体企业Score Media and Gaming的所有权。
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
PENN vs PK — 直观对比
营收规模更大
PENN
是对方的2.8倍
$629.0M
营收增速更快
PENN
高出5.7%
0.6%
净利率更高
PENN
高出32.4%
-32.6%
两年增速更快
PENN
近两年复合增速
-0.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $629.0M |
| 净利润 | $-2.8M | $-205.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.5% | -26.1% |
| 净利率 | -0.2% | -32.6% |
| 营收同比 | 6.4% | 0.6% |
| 净利润同比 | 66.7% | -410.6% |
| 每股收益（稀释后） | $-0.02 | $-1.04 |
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PENNPK
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $629.0M | ||
| Q3 25 | $1.7B | $610.0M | ||
| Q2 25 | $1.8B | $672.0M | ||
| Q1 25 | $1.7B | $630.0M | ||
| Q4 24 | $1.7B | $625.0M | ||
| Q3 24 | $1.6B | $649.0M | ||
| Q2 24 | $1.7B | $686.0M |
净利润PENNPK
| Q1 26 | $-2.8M | — | ||
| Q4 25 | $-72.9M | $-205.0M | ||
| Q3 25 | $-864.6M | $-16.0M | ||
| Q2 25 | $-17.4M | $-5.0M | ||
| Q1 25 | $111.8M | $-57.0M | ||
| Q4 24 | $-133.3M | $66.0M | ||
| Q3 24 | $-36.7M | $54.0M | ||
| Q2 24 | $-26.8M | $64.0M |
营业利润率PENNPK
| Q1 26 | 5.5% | — | ||
| Q4 25 | -1.0% | -26.1% | ||
| Q3 25 | -45.2% | 9.7% | ||
| Q2 25 | 4.4% | 9.7% | ||
| Q1 25 | 2.6% | 1.1% | ||
| Q4 24 | -2.9% | 13.3% | ||
| Q3 24 | 4.1% | 14.6% | ||
| Q2 24 | 4.5% | 17.6% |
净利率PENNPK
| Q1 26 | -0.2% | — | ||
| Q4 25 | -4.0% | -32.6% | ||
| Q3 25 | -50.3% | -2.6% | ||
| Q2 25 | -1.0% | -0.7% | ||
| Q1 25 | 6.7% | -9.0% | ||
| Q4 24 | -8.0% | 10.6% | ||
| Q3 24 | -2.2% | 8.3% | ||
| Q2 24 | -1.6% | 9.3% |
每股收益（稀释后）PENNPK
| Q1 26 | $-0.02 | — | ||
| Q4 25 | $-0.36 | $-1.04 | ||
| Q3 25 | $-6.03 | $-0.08 | ||
| Q2 25 | $-0.12 | $-0.02 | ||
| Q1 25 | $0.68 | $-0.29 | ||
| Q4 24 | $-0.87 | $0.32 | ||
| Q3 24 | $-0.24 | $0.26 | ||
| Q2 24 | $-0.18 | $0.30 |
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 | $708.0M | $232.0M |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | — | $3.1B |
| 总资产 | — | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资PENNPK
| Q1 26 | $708.0M | — | ||
| Q4 25 | $686.6M | $232.0M | ||
| Q3 25 | $660.1M | $278.0M | ||
| Q2 25 | $671.6M | $319.0M | ||
| Q1 25 | $591.6M | $233.0M | ||
| Q4 24 | $706.6M | $402.0M | ||
| Q3 24 | $834.0M | $480.0M | ||
| Q2 24 | $877.6M | $449.0M |
总债务PENNPK
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | $3.9B | ||
| Q3 25 | $2.9B | $3.9B | ||
| Q2 25 | $2.8B | $3.9B | ||
| Q1 25 | $2.6B | $3.9B | ||
| Q4 24 | $2.8B | $3.9B | ||
| Q3 24 | $2.8B | $3.9B | ||
| Q2 24 | $2.8B | $3.9B |
股东权益PENNPK
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $3.1B | ||
| Q3 25 | $2.0B | $3.4B | ||
| Q2 25 | $3.0B | $3.4B | ||
| Q1 25 | $3.0B | $3.5B | ||
| Q4 24 | $2.9B | $3.6B | ||
| Q3 24 | $3.1B | $3.8B | ||
| Q2 24 | $3.1B | $3.8B |
总资产PENNPK
| Q1 26 | — | — | ||
| Q4 25 | $14.3B | $7.7B | ||
| Q3 25 | $14.3B | $8.8B | ||
| Q2 25 | $15.2B | $8.9B | ||
| Q1 25 | $15.1B | $8.9B | ||
| Q4 24 | $15.3B | $9.2B | ||
| Q3 24 | $15.5B | $9.2B | ||
| Q2 24 | $15.5B | $9.2B |
负债/权益比PENNPK
| Q1 26 | — | — | ||
| Q4 25 | 1.58× | 1.23× | ||
| Q3 25 | 1.46× | 1.14× | ||
| Q2 25 | 0.94× | 1.12× | ||
| Q1 25 | 0.89× | 1.11× | ||
| Q4 24 | 0.98× | 1.06× | ||
| Q3 24 | 0.91× | 1.03× | ||
| Q2 24 | 0.91× | 1.03× |
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 | — | $105.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-3.0M |
| 自由现金流率自由现金流/营收 | — | -0.5% |
| 资本支出强度资本支出/营收 | 5.3% | 17.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $102.0M |
8季度趋势，按日历期对齐
经营现金流PENNPK
| Q1 26 | — | — | ||
| Q4 25 | $107.2M | $105.0M | ||
| Q3 25 | $180.9M | $99.0M | ||
| Q2 25 | $178.2M | $108.0M | ||
| Q1 25 | $41.9M | $86.0M | ||
| Q4 24 | $102.9M | $80.0M | ||
| Q3 24 | $174.7M | $140.0M | ||
| Q2 24 | $150.4M | $117.0M |
自由现金流PENNPK
| Q1 26 | — | — | ||
| Q4 25 | $-83.2M | $-3.0M | ||
| Q3 25 | $8.2M | $31.0M | ||
| Q2 25 | $18.8M | $65.0M | ||
| Q1 25 | $-83.3M | $9.0M | ||
| Q4 24 | $-118.1M | $17.0M | ||
| Q3 24 | $42.6M | $97.0M | ||
| Q2 24 | $62.2M | $66.0M |
自由现金流率PENNPK
| Q1 26 | — | — | ||
| Q4 25 | -4.6% | -0.5% | ||
| Q3 25 | 0.5% | 5.1% | ||
| Q2 25 | 1.1% | 9.7% | ||
| Q1 25 | -5.0% | 1.4% | ||
| Q4 24 | -7.1% | 2.7% | ||
| Q3 24 | 2.6% | 14.9% | ||
| Q2 24 | 3.7% | 9.6% |
资本支出强度PENNPK
| Q1 26 | 5.3% | — | ||
| Q4 25 | 10.5% | 17.2% | ||
| Q3 25 | 10.1% | 11.1% | ||
| Q2 25 | 9.0% | 6.4% | ||
| Q1 25 | 7.5% | 12.2% | ||
| Q4 24 | 13.2% | 10.1% | ||
| Q3 24 | 8.1% | 6.6% | ||
| Q2 24 | 5.3% | 7.4% |
现金转化率PENNPK
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 2.59× | ||
| 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
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $290.1M | 16% |
| South segment (2) | $288.3M | 16% |
| Midwest segment (4) | $282.9M | 16% |
| West segment (3) | $129.7M | 7% |
| Other | $101.0M | 6% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
