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PINTEREST, INC.（PINS）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
PINTEREST, INC.的季度营收约是Ryman Hospitality Properties, Inc.的2.0倍（$1.3B vs $664.6M），PINTEREST, INC.净利率更高（21.0% vs 10.4%，领先10.6%），PINTEREST, INC.同比增速更快（14.3% vs 13.2%），过去两年PINTEREST, INC.的营收复合增速更高（33.5% vs 4.1%）
Pinterest是美国社交媒体服务商，主打数字图板形式的信息发布与发现功能，用户可通过图片分享获取食谱、家居、穿搭、创意灵感等多元内容。公司由本·西尔伯曼、保罗·夏拉、埃文·夏普联合创立，总部位于旧金山。
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。
PINS vs RHP — 直观对比
营收规模更大
PINS
是对方的2.0倍
$664.6M
营收增速更快
PINS
高出1.2%
13.2%
净利率更高
PINS
高出10.6%
10.4%
两年增速更快
PINS
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $664.6M |
| 净利润 | $277.1M | $69.4M |
| 毛利率 | 82.8% | — |
| 营业利润率 | 22.8% | 20.7% |
| 净利率 | 21.0% | 10.4% |
| 营收同比 | 14.3% | 13.2% |
| 净利润同比 | -85.0% | 10.1% |
| 每股收益（稀释后） | $0.41 | $1.03 |
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PINSRHP
| Q1 26 | — | $664.6M | ||
| Q4 25 | $1.3B | $737.8M | ||
| Q3 25 | $1.0B | $592.5M | ||
| Q2 25 | $998.2M | $659.5M | ||
| Q1 25 | $855.0M | $587.3M | ||
| Q4 24 | $1.2B | $647.6M | ||
| Q3 24 | $898.4M | $550.0M | ||
| Q2 24 | $853.7M | $613.3M |
净利润PINSRHP
| Q1 26 | — | $69.4M | ||
| Q4 25 | $277.1M | $74.5M | ||
| Q3 25 | $92.1M | $34.9M | ||
| Q2 25 | $38.8M | $71.8M | ||
| Q1 25 | $8.9M | $63.0M | ||
| Q4 24 | $1.8B | $72.3M | ||
| Q3 24 | $30.6M | $59.0M | ||
| Q2 24 | $8.9M | $100.8M |
毛利率PINSRHP
| Q1 26 | — | — | ||
| Q4 25 | 82.8% | 41.4% | ||
| Q3 25 | 79.8% | 40.9% | ||
| Q2 25 | 79.7% | 49.7% | ||
| Q1 25 | 76.7% | 44.4% | ||
| Q4 24 | 82.9% | 40.4% | ||
| Q3 24 | 79.1% | 43.1% | ||
| Q2 24 | 78.3% | 48.4% |
营业利润率PINSRHP
| Q1 26 | — | 20.7% | ||
| Q4 25 | 22.8% | 19.4% | ||
| Q3 25 | 5.6% | 15.0% | ||
| Q2 25 | -0.4% | 21.1% | ||
| Q1 25 | -4.1% | 19.8% | ||
| Q4 24 | 22.7% | 18.6% | ||
| Q3 24 | -0.7% | 19.3% | ||
| Q2 24 | -2.5% | 27.4% |
净利率PINSRHP
| Q1 26 | — | 10.4% | ||
| Q4 25 | 21.0% | 10.1% | ||
| Q3 25 | 8.8% | 5.9% | ||
| Q2 25 | 3.9% | 10.9% | ||
| Q1 25 | 1.0% | 10.7% | ||
| Q4 24 | 160.1% | 11.2% | ||
| Q3 24 | 3.4% | 10.7% | ||
| Q2 24 | 1.0% | 16.4% |
每股收益（稀释后）PINSRHP
| Q1 26 | — | $1.03 | ||
| Q4 25 | $0.41 | $1.12 | ||
| Q3 25 | $0.13 | $0.53 | ||
| Q2 25 | $0.06 | $1.12 | ||
| Q1 25 | $0.01 | $1.00 | ||
| Q4 24 | $2.66 | $1.12 | ||
| Q3 24 | $0.04 | $0.94 | ||
| Q2 24 | $0.01 | $1.65 |
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 | $969.3M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.7B | $770.8M |
| 总资产 | $5.5B | $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PINSRHP
| Q1 26 | — | — | ||
| Q4 25 | $969.3M | $471.4M | ||
| Q3 25 | $1.1B | $483.3M | ||
| Q2 25 | $1.2B | $420.6M | ||
| Q1 25 | $1.3B | $413.9M | ||
| Q4 24 | $1.1B | $477.7M | ||
| Q3 24 | $1.0B | $534.9M | ||
| Q2 24 | $1.4B | $498.4M |
股东权益PINSRHP
| Q1 26 | — | $770.8M | ||
| Q4 25 | $4.7B | $750.2M | ||
| Q3 25 | $4.8B | $758.5M | ||
| Q2 25 | $4.8B | $800.4M | ||
| Q1 25 | $4.7B | $531.5M | ||
| Q4 24 | $4.8B | $549.0M | ||
| Q3 24 | $2.9B | $551.9M | ||
| Q2 24 | $3.2B | $562.6M |
总资产PINSRHP
| Q1 26 | — | $6.2B | ||
| Q4 25 | $5.5B | $6.2B | ||
| Q3 25 | $5.5B | $6.2B | ||
| Q2 25 | $5.4B | $6.1B | ||
| Q1 25 | $5.3B | $5.2B | ||
| Q4 24 | $5.3B | $5.2B | ||
| Q3 24 | $3.5B | $5.2B | ||
| Q2 24 | $3.7B | $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 | $391.2M | — |
| 自由现金流经营现金流 - 资本支出 | $380.4M | — |
| 自由现金流率自由现金流/营收 | 28.8% | — |
| 资本支出强度资本支出/营收 | 0.8% | — |
| 现金转化率经营现金流/净利润 | 1.41× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流PINSRHP
| Q1 26 | — | — | ||
| Q4 25 | $391.2M | $164.7M | ||
| Q3 25 | $321.7M | $205.2M | ||
| Q2 25 | $207.7M | $122.5M | ||
| Q1 25 | $363.7M | $98.2M | ||
| Q4 24 | $254.0M | $166.6M | ||
| Q3 24 | $248.0M | $218.1M | ||
| Q2 24 | $106.4M | $184.3M |
自由现金流PINSRHP
| Q1 26 | — | — | ||
| Q4 25 | $380.4M | $58.5M | ||
| Q3 25 | $318.4M | $135.4M | ||
| Q2 25 | $196.7M | $53.0M | ||
| Q1 25 | $356.4M | $-14.5M | ||
| Q4 24 | $250.2M | $76.0M | ||
| Q3 24 | $244.1M | $85.7M | ||
| Q2 24 | $101.6M | $78.8M |
自由现金流率PINSRHP
| Q1 26 | — | — | ||
| Q4 25 | 28.8% | 7.9% | ||
| Q3 25 | 30.3% | 22.9% | ||
| Q2 25 | 19.7% | 8.0% | ||
| Q1 25 | 41.7% | -2.5% | ||
| Q4 24 | 21.7% | 11.7% | ||
| Q3 24 | 27.2% | 15.6% | ||
| Q2 24 | 11.9% | 12.9% |
资本支出强度PINSRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 14.4% | ||
| Q3 25 | 0.3% | 11.8% | ||
| Q2 25 | 1.1% | 10.5% | ||
| Q1 25 | 0.9% | 19.2% | ||
| Q4 24 | 0.3% | 14.0% | ||
| Q3 24 | 0.4% | 24.1% | ||
| Q2 24 | 0.6% | 17.2% |
现金转化率PINSRHP
| Q1 26 | — | — | ||
| Q4 25 | 1.41× | 2.21× | ||
| Q3 25 | 3.49× | 5.88× | ||
| Q2 25 | 5.36× | 1.71× | ||
| Q1 25 | 40.77× | 1.56× | ||
| Q4 24 | 0.14× | 2.30× | ||
| Q3 24 | 8.12× | 3.70× | ||
| Q2 24 | 11.98× | 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
PINS
| United States And Canada | $944.3M | 72% |
| Other | $375.0M | 28% |
RHP
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
