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Park Hotels & Resorts Inc.（PK）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Park Hotels & Resorts Inc.的1.2倍（$737.8M vs $629.0M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs -32.6%，领先42.7%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 0.6%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $-3.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -0.8%）
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。
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。
PK vs RHP — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $629.0M | $737.8M |
| 净利润 | $-205.0M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | -26.1% | 19.4% |
| 净利率 | -32.6% | 10.1% |
| 营收同比 | 0.6% | 13.9% |
| 净利润同比 | -410.6% | 3.0% |
| 每股收益（稀释后） | $-1.04 | $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
| Q4 25 | $629.0M | $737.8M | ||
| Q3 25 | $610.0M | $592.5M | ||
| Q2 25 | $672.0M | $659.5M | ||
| Q1 25 | $630.0M | $587.3M | ||
| Q4 24 | $625.0M | $647.6M | ||
| Q3 24 | $649.0M | $550.0M | ||
| Q2 24 | $686.0M | $613.3M | ||
| Q1 24 | $639.0M | $528.3M |
| Q4 25 | $-205.0M | $74.5M | ||
| Q3 25 | $-16.0M | $34.9M | ||
| Q2 25 | $-5.0M | $71.8M | ||
| Q1 25 | $-57.0M | $63.0M | ||
| Q4 24 | $66.0M | $72.3M | ||
| Q3 24 | $54.0M | $59.0M | ||
| Q2 24 | $64.0M | $100.8M | ||
| Q1 24 | $28.0M | $42.8M |
| 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% |
| Q4 25 | -26.1% | 19.4% | ||
| Q3 25 | 9.7% | 15.0% | ||
| Q2 25 | 9.7% | 21.1% | ||
| Q1 25 | 1.1% | 19.8% | ||
| Q4 24 | 13.3% | 18.6% | ||
| Q3 24 | 14.6% | 19.3% | ||
| Q2 24 | 17.6% | 27.4% | ||
| Q1 24 | 14.4% | 18.2% |
| Q4 25 | -32.6% | 10.1% | ||
| Q3 25 | -2.6% | 5.9% | ||
| Q2 25 | -0.7% | 10.9% | ||
| Q1 25 | -9.0% | 10.7% | ||
| Q4 24 | 10.6% | 11.2% | ||
| Q3 24 | 8.3% | 10.7% | ||
| Q2 24 | 9.3% | 16.4% | ||
| Q1 24 | 4.4% | 8.1% |
| Q4 25 | $-1.04 | $1.12 | ||
| Q3 25 | $-0.08 | $0.53 | ||
| Q2 25 | $-0.02 | $1.12 | ||
| Q1 25 | $-0.29 | $1.00 | ||
| Q4 24 | $0.32 | $1.12 | ||
| Q3 24 | $0.26 | $0.94 | ||
| Q2 24 | $0.30 | $1.65 | ||
| Q1 24 | $0.13 | $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 | $232.0M | $471.4M |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $3.1B | $750.2M |
| 总资产 | $7.7B | $6.2B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
| Q4 25 | $232.0M | $471.4M | ||
| Q3 25 | $278.0M | $483.3M | ||
| Q2 25 | $319.0M | $420.6M | ||
| Q1 25 | $233.0M | $413.9M | ||
| Q4 24 | $402.0M | $477.7M | ||
| Q3 24 | $480.0M | $534.9M | ||
| Q2 24 | $449.0M | $498.4M | ||
| Q1 24 | $378.0M | $465.3M |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.8B | — |
| Q4 25 | $3.1B | $750.2M | ||
| Q3 25 | $3.4B | $758.5M | ||
| Q2 25 | $3.4B | $800.4M | ||
| Q1 25 | $3.5B | $531.5M | ||
| Q4 24 | $3.6B | $549.0M | ||
| Q3 24 | $3.8B | $551.9M | ||
| Q2 24 | $3.8B | $562.6M | ||
| Q1 24 | $3.8B | $529.9M |
| Q4 25 | $7.7B | $6.2B | ||
| Q3 25 | $8.8B | $6.2B | ||
| Q2 25 | $8.9B | $6.1B | ||
| Q1 25 | $8.9B | $5.2B | ||
| Q4 24 | $9.2B | $5.2B | ||
| Q3 24 | $9.2B | $5.2B | ||
| Q2 24 | $9.2B | $5.1B | ||
| Q1 24 | $9.1B | $5.1B |
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.00× | — |
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 | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $58.5M |
| 自由现金流率自由现金流/营收 | -0.5% | 7.9% |
| 资本支出强度资本支出/营收 | 17.2% | 14.4% |
| 现金转化率经营现金流/净利润 | — | 2.21× |
| 过去12个月自由现金流最近4个季度 | $102.0M | $232.4M |
8季度趋势，按日历期对齐
| Q4 25 | $105.0M | $164.7M | ||
| Q3 25 | $99.0M | $205.2M | ||
| Q2 25 | $108.0M | $122.5M | ||
| Q1 25 | $86.0M | $98.2M | ||
| Q4 24 | $80.0M | $166.6M | ||
| Q3 24 | $140.0M | $218.1M | ||
| Q2 24 | $117.0M | $184.3M | ||
| Q1 24 | $92.0M | $7.5M |
| Q4 25 | $-3.0M | $58.5M | ||
| Q3 25 | $31.0M | $135.4M | ||
| Q2 25 | $65.0M | $53.0M | ||
| Q1 25 | $9.0M | $-14.5M | ||
| Q4 24 | $17.0M | $76.0M | ||
| Q3 24 | $97.0M | $85.7M | ||
| Q2 24 | $66.0M | $78.8M | ||
| Q1 24 | $22.0M | $-72.0M |
| Q4 25 | -0.5% | 7.9% | ||
| Q3 25 | 5.1% | 22.9% | ||
| Q2 25 | 9.7% | 8.0% | ||
| Q1 25 | 1.4% | -2.5% | ||
| Q4 24 | 2.7% | 11.7% | ||
| Q3 24 | 14.9% | 15.6% | ||
| Q2 24 | 9.6% | 12.9% | ||
| Q1 24 | 3.4% | -13.6% |
| Q4 25 | 17.2% | 14.4% | ||
| Q3 25 | 11.1% | 11.8% | ||
| Q2 25 | 6.4% | 10.5% | ||
| Q1 25 | 12.2% | 19.2% | ||
| Q4 24 | 10.1% | 14.0% | ||
| Q3 24 | 6.6% | 24.1% | ||
| Q2 24 | 7.4% | 17.2% | ||
| Q1 24 | 11.0% | 15.0% |
| Q4 25 | — | 2.21× | ||
| Q3 25 | — | 5.88× | ||
| Q2 25 | — | 1.71× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | 1.21× | 2.30× | ||
| Q3 24 | 2.59× | 3.70× | ||
| Q2 24 | 1.83× | 1.83× | ||
| Q1 24 | 3.29× | 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
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 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% |
