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Post Holdings, Inc.（POST）与MARRIOTT VACATIONS WORLDWIDE Corp（VAC）财务数据对比。点击上方公司名可切换其他公司
Post Holdings, Inc.的季度营收约是MARRIOTT VACATIONS WORLDWIDE Corp的1.8倍（$2.2B vs $1.2B），Post Holdings, Inc.净利率更高（4.5% vs -35.0%，领先39.5%），Post Holdings, Inc.同比增速更快（10.1% vs -0.7%），Post Holdings, Inc.自由现金流更多（$119.3M vs $-6.0M），过去两年MARRIOTT VACATIONS WORLDWIDE Corp的营收复合增速更高（5.2% vs 4.3%）
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
万豪度假环球集团是专注于分时度假业务的公众企业，原为万豪国际集团旗下业务板块，2011年11月分拆为独立上市公司，核心业务为度假所有权运营。目前集团运营超过120家度假村，在万豪度假俱乐部品牌矩阵下拥有超70万名业主及会员，产品覆盖多个度假消费场景。
POST vs VAC — 直观对比
营收规模更大
POST
是对方的1.8倍
$1.2B
营收增速更快
POST
高出10.8%
-0.7%
净利率更高
POST
高出39.5%
-35.0%
自由现金流更多
POST
多$125.3M
$-6.0M
两年增速更快
VAC
近两年复合增速
4.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.2B | $1.2B |
| 净利润 | $96.8M | $-431.0M |
| 毛利率 | 29.4% | — |
| 营业利润率 | 11.0% | — |
| 净利率 | 4.5% | -35.0% |
| 营收同比 | 10.1% | -0.7% |
| 净利润同比 | -14.6% | -962.0% |
| 每股收益（稀释后） | $1.71 | $-12.00 |
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POSTVAC
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $1.9B | $1.1B | ||
| Q1 24 | $2.0B | $1.1B |
净利润POSTVAC
| Q4 25 | $96.8M | $-431.0M | ||
| Q3 25 | $51.0M | $-2.0M | ||
| Q2 25 | $108.8M | $69.0M | ||
| Q1 25 | $62.6M | $56.0M | ||
| Q4 24 | $113.3M | $50.0M | ||
| Q3 24 | $81.6M | $84.0M | ||
| Q2 24 | $99.8M | $37.0M | ||
| Q1 24 | $97.2M | $47.0M |
毛利率POSTVAC
| Q4 25 | 29.4% | — | ||
| Q3 25 | 26.8% | — | ||
| Q2 25 | 30.0% | — | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 30.1% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 29.6% | — | ||
| Q1 24 | 29.0% | — |
营业利润率POSTVAC
| Q4 25 | 11.0% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 9.5% | — | ||
| Q2 24 | 10.4% | — | ||
| Q1 24 | 9.5% | — |
净利率POSTVAC
| Q4 25 | 4.5% | -35.0% | ||
| Q3 25 | 2.3% | -0.2% | ||
| Q2 25 | 5.5% | 6.0% | ||
| Q1 25 | 3.2% | 5.0% | ||
| Q4 24 | 5.7% | 4.0% | ||
| Q3 24 | 4.1% | 6.9% | ||
| Q2 24 | 5.1% | 3.5% | ||
| Q1 24 | 4.9% | 4.2% |
每股收益（稀释后）POSTVAC
| Q4 25 | $1.71 | $-12.00 | ||
| Q3 25 | $0.91 | $-0.07 | ||
| Q2 25 | $1.79 | $1.77 | ||
| Q1 25 | $1.03 | $1.46 | ||
| Q4 24 | $1.78 | $1.29 | ||
| Q3 24 | $1.28 | $2.12 | ||
| Q2 24 | $1.53 | $0.98 | ||
| Q1 24 | $1.48 | $1.22 |
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 | $279.3M | $406.0M |
| 总债务越低越好 | $7.5B | — |
| 股东权益账面价值 | $3.5B | $2.0B |
| 总资产 | $13.0B | $9.8B |
| 负债/权益比越低杠杆越低 | 2.16× | — |
8季度趋势，按日历期对齐
现金及短期投资POSTVAC
| Q4 25 | $279.3M | $406.0M | ||
| Q3 25 | $176.7M | $474.0M | ||
| Q2 25 | $1.1B | $205.0M | ||
| Q1 25 | $617.6M | $196.0M | ||
| Q4 24 | $872.9M | $197.0M | ||
| Q3 24 | $787.4M | $197.0M | ||
| Q2 24 | $333.8M | $206.0M | ||
| Q1 24 | $333.4M | $237.0M |
总债务POSTVAC
| Q4 25 | $7.5B | — | ||
| Q3 25 | $7.4B | — | ||
| Q2 25 | $7.3B | — | ||
| Q1 25 | $6.9B | — | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $6.4B | — |
股东权益POSTVAC
| Q4 25 | $3.5B | $2.0B | ||
| Q3 25 | $3.8B | $2.5B | ||
| Q2 25 | $4.0B | $2.5B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.9B | $2.4B | ||
| Q3 24 | $4.1B | $2.4B | ||
| Q2 24 | $3.9B | $2.4B | ||
| Q1 24 | $4.0B | $2.4B |
总资产POSTVAC
| Q4 25 | $13.0B | $9.8B | ||
| Q3 25 | $13.5B | $10.1B | ||
| Q2 25 | $13.4B | $9.9B | ||
| Q1 25 | $12.8B | $9.9B | ||
| Q4 24 | $12.8B | $9.8B | ||
| Q3 24 | $12.9B | $9.7B | ||
| Q2 24 | $12.1B | $9.6B | ||
| Q1 24 | $12.2B | $9.9B |
负债/权益比POSTVAC
| Q4 25 | 2.16× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 1.79× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 1.62× | — | ||
| Q1 24 | 1.61× | — |
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 | $235.7M | $6.0M |
| 自由现金流经营现金流 - 资本支出 | $119.3M | $-6.0M |
| 自由现金流率自由现金流/营收 | 5.5% | -0.5% |
| 资本支出强度资本支出/营收 | 5.4% | 1.0% |
| 现金转化率经营现金流/净利润 | 2.43× | — |
| 过去12个月自由现金流最近4个季度 | $436.0M | $-29.0M |
8季度趋势，按日历期对齐
经营现金流POSTVAC
| Q4 25 | $235.7M | $6.0M | ||
| Q3 25 | $301.3M | $62.0M | ||
| Q2 25 | $225.9M | $-48.0M | ||
| Q1 25 | $160.7M | $8.0M | ||
| Q4 24 | $310.4M | $100.0M | ||
| Q3 24 | $235.4M | $72.0M | ||
| Q2 24 | $272.3M | $30.0M | ||
| Q1 24 | $249.6M | $3.0M |
自由现金流POSTVAC
| Q4 25 | $119.3M | $-6.0M | ||
| Q3 25 | $151.6M | $51.0M | ||
| Q2 25 | $94.9M | $-68.0M | ||
| Q1 25 | $70.2M | $-6.0M | ||
| Q4 24 | $171.4M | $86.0M | ||
| Q3 24 | $96.2M | $58.0M | ||
| Q2 24 | $161.5M | $17.0M | ||
| Q1 24 | $150.9M | $-13.0M |
自由现金流率POSTVAC
| Q4 25 | 5.5% | -0.5% | ||
| Q3 25 | 6.7% | 4.3% | ||
| Q2 25 | 4.8% | -5.9% | ||
| Q1 25 | 3.6% | -0.5% | ||
| Q4 24 | 8.7% | 6.9% | ||
| Q3 24 | 4.8% | 4.8% | ||
| Q2 24 | 8.3% | 1.6% | ||
| Q1 24 | 7.5% | -1.2% |
资本支出强度POSTVAC
| Q4 25 | 5.4% | 1.0% | ||
| Q3 25 | 6.7% | 0.9% | ||
| Q2 25 | 6.6% | 1.7% | ||
| Q1 25 | 4.6% | 1.3% | ||
| Q4 24 | 7.0% | 1.1% | ||
| Q3 24 | 6.9% | 1.1% | ||
| Q2 24 | 5.7% | 1.2% | ||
| Q1 24 | 4.9% | 1.4% |
现金转化率POSTVAC
| Q4 25 | 2.43× | — | ||
| Q3 25 | 5.91× | — | ||
| Q2 25 | 2.08× | -0.70× | ||
| Q1 25 | 2.57× | 0.14× | ||
| Q4 24 | 2.74× | 2.00× | ||
| Q3 24 | 2.88× | 0.86× | ||
| Q2 24 | 2.73× | 0.81× | ||
| Q1 24 | 2.57× | 0.06× |
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
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
