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Park Hotels & Resorts Inc.（PK）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是Park Hotels & Resorts Inc.的1.4倍（$871.9M vs $629.0M），Worthington Steel, Inc.净利率更高（2.2% vs -32.6%，领先34.7%），Worthington Steel, Inc.同比增速更快（18.0% vs 0.6%），Worthington Steel, Inc.自由现金流更多（$74.6M vs $-3.0M），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
PK vs WS — 直观对比
营收规模更大
WS
是对方的1.4倍
$629.0M
营收增速更快
WS
高出17.3%
0.6%
净利率更高
WS
高出34.7%
-32.6%
自由现金流更多
WS
多$77.6M
$-3.0M
两年增速更快
WS
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $629.0M | $871.9M |
| 净利润 | $-205.0M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | -26.1% | 2.5% |
| 净利率 | -32.6% | 2.2% |
| 营收同比 | 0.6% | 18.0% |
| 净利润同比 | -410.6% | 46.9% |
| 每股收益（稀释后） | $-1.04 | $0.37 |
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PKWS
| Q4 25 | $629.0M | $871.9M | ||
| Q3 25 | $610.0M | $872.9M | ||
| Q2 25 | $672.0M | $832.9M | ||
| Q1 25 | $630.0M | $687.4M | ||
| Q4 24 | $625.0M | $739.0M | ||
| Q3 24 | $649.0M | $834.0M | ||
| Q2 24 | $686.0M | — | ||
| Q1 24 | $639.0M | $805.8M |
净利润PKWS
| Q4 25 | $-205.0M | $18.8M | ||
| Q3 25 | $-16.0M | $36.8M | ||
| Q2 25 | $-5.0M | $55.7M | ||
| Q1 25 | $-57.0M | $13.8M | ||
| Q4 24 | $66.0M | $12.8M | ||
| Q3 24 | $54.0M | $28.4M | ||
| Q2 24 | $64.0M | — | ||
| Q1 24 | $28.0M | $49.0M |
毛利率PKWS
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 14.9% |
营业利润率PKWS
| Q4 25 | -26.1% | 2.5% | ||
| Q3 25 | 9.7% | 5.5% | ||
| Q2 25 | 9.7% | 8.0% | ||
| Q1 25 | 1.1% | 2.7% | ||
| Q4 24 | 13.3% | 2.6% | ||
| Q3 24 | 14.6% | 5.2% | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 14.4% | 8.2% |
净利率PKWS
| Q4 25 | -32.6% | 2.2% | ||
| Q3 25 | -2.6% | 4.2% | ||
| Q2 25 | -0.7% | 6.7% | ||
| Q1 25 | -9.0% | 2.0% | ||
| Q4 24 | 10.6% | 1.7% | ||
| Q3 24 | 8.3% | 3.4% | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 4.4% | 6.1% |
每股收益（稀释后）PKWS
| Q4 25 | $-1.04 | $0.37 | ||
| Q3 25 | $-0.08 | $0.72 | ||
| Q2 25 | $-0.02 | $1.11 | ||
| Q1 25 | $-0.29 | $0.27 | ||
| Q4 24 | $0.32 | $0.25 | ||
| Q3 24 | $0.26 | $0.56 | ||
| Q2 24 | $0.30 | — | ||
| Q1 24 | $0.13 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | $3.9B | $72.1M |
| 股东权益账面价值 | $3.1B | $1.1B |
| 总资产 | $7.7B | $2.1B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PKWS
| Q4 25 | $232.0M | $89.8M | ||
| Q3 25 | $278.0M | $78.3M | ||
| Q2 25 | $319.0M | $38.0M | ||
| Q1 25 | $233.0M | $63.3M | ||
| Q4 24 | $402.0M | $52.0M | ||
| Q3 24 | $480.0M | $36.0M | ||
| Q2 24 | $449.0M | — | ||
| Q1 24 | $378.0M | $60.8M |
总债务PKWS
| Q4 25 | $3.9B | $72.1M | ||
| Q3 25 | $3.9B | $73.4M | ||
| Q2 25 | $3.9B | $151.5M | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.9B | $115.0M | ||
| Q3 24 | $3.9B | $122.2M | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.8B | $147.2M |
股东权益PKWS
| Q4 25 | $3.1B | $1.1B | ||
| Q3 25 | $3.4B | $1.1B | ||
| Q2 25 | $3.4B | $1.1B | ||
| Q1 25 | $3.5B | $1.0B | ||
| Q4 24 | $3.6B | $1.0B | ||
| Q3 24 | $3.8B | $1.0B | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | $937.6M |
总资产PKWS
| Q4 25 | $7.7B | $2.1B | ||
| Q3 25 | $8.8B | $2.2B | ||
| Q2 25 | $8.9B | $2.0B | ||
| Q1 25 | $8.9B | $1.8B | ||
| Q4 24 | $9.2B | $1.7B | ||
| Q3 24 | $9.2B | $1.8B | ||
| Q2 24 | $9.2B | — | ||
| Q1 24 | $9.1B | $1.8B |
负债/权益比PKWS
| Q4 25 | 1.23× | 0.06× | ||
| Q3 25 | 1.14× | 0.07× | ||
| Q2 25 | 1.12× | 0.14× | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.06× | 0.11× | ||
| Q3 24 | 1.03× | 0.12× | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.00× | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $-3.0M | $74.6M |
| 自由现金流率自由现金流/营收 | -0.5% | 8.6% |
| 资本支出强度资本支出/营收 | 17.2% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 5.28× |
| 过去12个月自由现金流最近4个季度 | $102.0M | $72.5M |
8季度趋势，按日历期对齐
经营现金流PKWS
| Q4 25 | $105.0M | $99.3M | ||
| Q3 25 | $99.0M | $-6.3M | ||
| Q2 25 | $108.0M | $53.9M | ||
| Q1 25 | $86.0M | $53.8M | ||
| Q4 24 | $80.0M | $68.0M | ||
| Q3 24 | $140.0M | $54.6M | ||
| Q2 24 | $117.0M | — | ||
| Q1 24 | $92.0M | $44.7M |
自由现金流PKWS
| Q4 25 | $-3.0M | $74.6M | ||
| Q3 25 | $31.0M | $-35.7M | ||
| Q2 25 | $65.0M | $8.4M | ||
| Q1 25 | $9.0M | $25.2M | ||
| Q4 24 | $17.0M | $33.2M | ||
| Q3 24 | $97.0M | $33.1M | ||
| Q2 24 | $66.0M | — | ||
| Q1 24 | $22.0M | $22.3M |
自由现金流率PKWS
| Q4 25 | -0.5% | 8.6% | ||
| Q3 25 | 5.1% | -4.1% | ||
| Q2 25 | 9.7% | 1.0% | ||
| Q1 25 | 1.4% | 3.7% | ||
| Q4 24 | 2.7% | 4.5% | ||
| Q3 24 | 14.9% | 4.0% | ||
| Q2 24 | 9.6% | — | ||
| Q1 24 | 3.4% | 2.8% |
资本支出强度PKWS
| Q4 25 | 17.2% | 2.8% | ||
| Q3 25 | 11.1% | 3.4% | ||
| Q2 25 | 6.4% | 5.5% | ||
| Q1 25 | 12.2% | 4.2% | ||
| Q4 24 | 10.1% | 4.7% | ||
| Q3 24 | 6.6% | 2.6% | ||
| Q2 24 | 7.4% | — | ||
| Q1 24 | 11.0% | 2.8% |
现金转化率PKWS
| Q4 25 | — | 5.28× | ||
| Q3 25 | — | -0.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 3.90× | ||
| Q4 24 | 1.21× | 5.31× | ||
| Q3 24 | 2.59× | 1.92× | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | 3.29× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
