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滨特尔（PNR）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
滨特尔的季度营收约是Ryman Hospitality Properties, Inc.的1.4倍（$1.0B vs $737.8M），滨特尔净利率更高（16.6% vs 10.1%，领先6.5%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 2.6%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $-85.7M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -2.9%）
滨特尔（股票代码PNR）是知名水处理企业，注册地位于爱尔兰，税务居民身份归属英国，美国区总部设于明尼苏达州金谷市。品牌起源于美国，2017年数据显示其65%的营收来自美国和加拿大，2014年集团完成架构重组，注册地由瑞士变更为爱尔兰。
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。
PNR vs RHP — 直观对比
营收规模更大
PNR
是对方的1.4倍
$737.8M
营收增速更快
RHP
高出11.3%
2.6%
净利率更高
PNR
高出6.5%
10.1%
自由现金流更多
RHP
多$144.2M
$-85.7M
两年增速更快
RHP
近两年复合增速
-2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $737.8M |
| 净利润 | $172.4M | $74.5M |
| 毛利率 | 41.8% | 41.4% |
| 营业利润率 | 20.3% | 19.4% |
| 净利率 | 16.6% | 10.1% |
| 营收同比 | 2.6% | 13.9% |
| 净利润同比 | 11.3% | 3.0% |
| 每股收益（稀释后） | — | $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PNRRHP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $737.8M | ||
| Q3 25 | $1.0B | $592.5M | ||
| Q2 25 | $1.1B | $659.5M | ||
| Q1 25 | $1.0B | $587.3M | ||
| Q4 24 | $972.9M | $647.6M | ||
| Q3 24 | $993.4M | $550.0M | ||
| Q2 24 | $1.1B | $613.3M |
净利润PNRRHP
| Q1 26 | $172.4M | — | ||
| Q4 25 | $166.1M | $74.5M | ||
| Q3 25 | $184.3M | $34.9M | ||
| Q2 25 | $148.5M | $71.8M | ||
| Q1 25 | $154.9M | $63.0M | ||
| Q4 24 | $166.4M | $72.3M | ||
| Q3 24 | $139.6M | $59.0M | ||
| Q2 24 | $186.1M | $100.8M |
毛利率PNRRHP
| Q1 26 | 41.8% | — | ||
| Q4 25 | 40.4% | 41.4% | ||
| Q3 25 | 41.0% | 40.9% | ||
| Q2 25 | 40.7% | 49.7% | ||
| Q1 25 | 39.9% | 44.4% | ||
| Q4 24 | 38.8% | 40.4% | ||
| Q3 24 | 39.6% | 43.1% | ||
| Q2 24 | 39.8% | 48.4% |
营业利润率PNRRHP
| Q1 26 | 20.3% | — | ||
| Q4 25 | 20.1% | 19.4% | ||
| Q3 25 | 22.7% | 15.0% | ||
| Q2 25 | 19.4% | 21.1% | ||
| Q1 25 | 20.1% | 19.8% | ||
| Q4 24 | 20.1% | 18.6% | ||
| Q3 24 | 18.1% | 19.3% | ||
| Q2 24 | 22.6% | 27.4% |
净利率PNRRHP
| Q1 26 | 16.6% | — | ||
| Q4 25 | 16.3% | 10.1% | ||
| Q3 25 | 18.0% | 5.9% | ||
| Q2 25 | 13.2% | 10.9% | ||
| Q1 25 | 15.3% | 10.7% | ||
| Q4 24 | 17.1% | 11.2% | ||
| Q3 24 | 14.1% | 10.7% | ||
| Q2 24 | 16.9% | 16.4% |
每股收益（稀释后）PNRRHP
| Q1 26 | — | — | ||
| Q4 25 | $1.01 | $1.12 | ||
| Q3 25 | $1.12 | $0.53 | ||
| Q2 25 | $0.90 | $1.12 | ||
| Q1 25 | $0.93 | $1.00 | ||
| Q4 24 | $0.99 | $1.12 | ||
| Q3 24 | $0.84 | $0.94 | ||
| Q2 24 | $1.11 | $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 | $67.7M | $471.4M |
| 总债务越低越好 | $1.9B | — |
| 股东权益账面价值 | $3.8B | $750.2M |
| 总资产 | $7.1B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资PNRRHP
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $471.4M | ||
| Q3 25 | $128.4M | $483.3M | ||
| Q2 25 | $143.0M | $420.6M | ||
| Q1 25 | $140.6M | $413.9M | ||
| Q4 24 | $118.7M | $477.7M | ||
| Q3 24 | $218.1M | $534.9M | ||
| Q2 24 | $214.3M | $498.4M |
总债务PNRRHP
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8B | — |
股东权益PNRRHP
| Q1 26 | $3.8B | — | ||
| Q4 25 | $3.9B | $750.2M | ||
| Q3 25 | $3.8B | $758.5M | ||
| Q2 25 | $3.7B | $800.4M | ||
| Q1 25 | $3.6B | $531.5M | ||
| Q4 24 | $3.6B | $549.0M | ||
| Q3 24 | $3.5B | $551.9M | ||
| Q2 24 | $3.4B | $562.6M |
总资产PNRRHP
| Q1 26 | $7.1B | — | ||
| Q4 25 | $6.9B | $6.2B | ||
| Q3 25 | $6.8B | $6.2B | ||
| Q2 25 | $6.5B | $6.1B | ||
| Q1 25 | $6.7B | $5.2B | ||
| Q4 24 | $6.4B | $5.2B | ||
| Q3 24 | $6.5B | $5.2B | ||
| Q2 24 | $6.5B | $5.1B |
负债/权益比PNRRHP
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.42× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.38× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.51× | — |
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 | — | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $-85.7M | $58.5M |
| 自由现金流率自由现金流/营收 | -8.3% | 7.9% |
| 资本支出强度资本支出/营收 | 1.8% | 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 | $716.0M | $232.4M |
8季度趋势，按日历期对齐
经营现金流PNRRHP
| Q1 26 | — | — | ||
| Q4 25 | $50.8M | $164.7M | ||
| Q3 25 | $196.3M | $205.2M | ||
| Q2 25 | $606.6M | $122.5M | ||
| Q1 25 | $-38.9M | $98.2M | ||
| Q4 24 | $86.5M | $166.6M | ||
| Q3 24 | $248.6M | $218.1M | ||
| Q2 24 | $539.2M | $184.3M |
自由现金流PNRRHP
| Q1 26 | $-85.7M | — | ||
| Q4 25 | $27.1M | $58.5M | ||
| Q3 25 | $178.9M | $135.4M | ||
| Q2 25 | $595.7M | $53.0M | ||
| Q1 25 | $-55.7M | $-14.5M | ||
| Q4 24 | $63.8M | $76.0M | ||
| Q3 24 | $233.2M | $85.7M | ||
| Q2 24 | $522.2M | $78.8M |
自由现金流率PNRRHP
| Q1 26 | -8.3% | — | ||
| Q4 25 | 2.7% | 7.9% | ||
| Q3 25 | 17.5% | 22.9% | ||
| Q2 25 | 53.0% | 8.0% | ||
| Q1 25 | -5.5% | -2.5% | ||
| Q4 24 | 6.6% | 11.7% | ||
| Q3 24 | 23.5% | 15.6% | ||
| Q2 24 | 47.5% | 12.9% |
资本支出强度PNRRHP
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.3% | 14.4% | ||
| Q3 25 | 1.7% | 11.8% | ||
| Q2 25 | 1.0% | 10.5% | ||
| Q1 25 | 1.7% | 19.2% | ||
| Q4 24 | 2.3% | 14.0% | ||
| Q3 24 | 1.6% | 24.1% | ||
| Q2 24 | 1.5% | 17.2% |
现金转化率PNRRHP
| Q1 26 | — | — | ||
| Q4 25 | 0.31× | 2.21× | ||
| Q3 25 | 1.07× | 5.88× | ||
| Q2 25 | 4.08× | 1.71× | ||
| Q1 25 | -0.25× | 1.56× | ||
| Q4 24 | 0.52× | 2.30× | ||
| Q3 24 | 1.78× | 3.70× | ||
| Q2 24 | 2.90× | 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
PNR
| Water Solutions | $391.0M | 38% |
| Pool | $387.1M | 37% |
| Flow | $258.1M | 25% |
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% |
