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先锋自然资源公司（PR）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
先锋自然资源公司的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），先锋自然资源公司净利率更高（29.0% vs 10.1%，领先18.9%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -9.8%），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -3.0%）
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
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。
PR vs RHP — 直观对比
营收规模更大
PR
是对方的1.6倍
$737.8M
营收增速更快
RHP
高出23.7%
-9.8%
净利率更高
PR
高出18.9%
10.1%
两年增速更快
RHP
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $737.8M |
| 净利润 | $339.5M | $74.5M |
| 毛利率 | — | 41.4% |
| 营业利润率 | 23.1% | 19.4% |
| 净利率 | 29.0% | 10.1% |
| 营收同比 | -9.8% | 13.9% |
| 净利润同比 | 56.7% | 3.0% |
| 每股收益（稀释后） | $0.48 | $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PRRHP
| Q4 25 | $1.2B | $737.8M | ||
| Q3 25 | $1.3B | $592.5M | ||
| Q2 25 | $1.2B | $659.5M | ||
| Q1 25 | $1.4B | $587.3M | ||
| Q4 24 | $1.3B | $647.6M | ||
| Q3 24 | $1.2B | $550.0M | ||
| Q2 24 | $1.2B | $613.3M | ||
| Q1 24 | $1.2B | $528.3M |
净利润PRRHP
| Q4 25 | $339.5M | $74.5M | ||
| Q3 25 | $59.2M | $34.9M | ||
| Q2 25 | $207.1M | $71.8M | ||
| Q1 25 | $329.3M | $63.0M | ||
| Q4 24 | $216.7M | $72.3M | ||
| Q3 24 | $386.4M | $59.0M | ||
| Q2 24 | $235.1M | $100.8M | ||
| Q1 24 | $146.6M | $42.8M |
毛利率PRRHP
| 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% |
营业利润率PRRHP
| Q4 25 | 23.1% | 19.4% | ||
| Q3 25 | 29.6% | 15.0% | ||
| Q2 25 | 24.8% | 21.1% | ||
| Q1 25 | 36.6% | 19.8% | ||
| Q4 24 | 32.8% | 18.6% | ||
| Q3 24 | 32.5% | 19.3% | ||
| Q2 24 | 36.5% | 27.4% | ||
| Q1 24 | 37.7% | 18.2% |
净利率PRRHP
| Q4 25 | 29.0% | 10.1% | ||
| Q3 25 | 4.5% | 5.9% | ||
| Q2 25 | 17.3% | 10.9% | ||
| Q1 25 | 23.9% | 10.7% | ||
| Q4 24 | 16.7% | 11.2% | ||
| Q3 24 | 31.8% | 10.7% | ||
| Q2 24 | 18.9% | 16.4% | ||
| Q1 24 | 11.8% | 8.1% |
每股收益（稀释后）PRRHP
| Q4 25 | $0.48 | $1.12 | ||
| Q3 25 | $0.08 | $0.53 | ||
| Q2 25 | $0.28 | $1.12 | ||
| Q1 25 | $0.44 | $1.00 | ||
| Q4 24 | $0.31 | $1.12 | ||
| Q3 24 | $0.53 | $0.94 | ||
| Q2 24 | $0.36 | $1.65 | ||
| Q1 24 | $0.25 | $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 | $153.7M | $471.4M |
| 总债务越低越好 | $3.5B | — |
| 股东权益账面价值 | $10.3B | $750.2M |
| 总资产 | $17.9B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.34× | — |
8季度趋势，按日历期对齐
现金及短期投资PRRHP
| Q4 25 | $153.7M | $471.4M | ||
| Q3 25 | $111.8M | $483.3M | ||
| Q2 25 | $451.0M | $420.6M | ||
| Q1 25 | $702.2M | $413.9M | ||
| Q4 24 | $479.3M | $477.7M | ||
| Q3 24 | $272.0M | $534.9M | ||
| Q2 24 | $47.8M | $498.4M | ||
| Q1 24 | $12.7M | $465.3M |
总债务PRRHP
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.5B | — | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $4.0B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.9B | — |
股东权益PRRHP
| Q4 25 | $10.3B | $750.2M | ||
| Q3 25 | $10.0B | $758.5M | ||
| Q2 25 | $9.5B | $800.4M | ||
| Q1 25 | $9.4B | $531.5M | ||
| Q4 24 | $9.1B | $549.0M | ||
| Q3 24 | $9.0B | $551.9M | ||
| Q2 24 | $8.3B | $562.6M | ||
| Q1 24 | $7.0B | $529.9M |
总资产PRRHP
| Q4 25 | $17.9B | $6.2B | ||
| Q3 25 | $17.3B | $6.2B | ||
| Q2 25 | $17.5B | $6.1B | ||
| Q1 25 | $17.1B | $5.2B | ||
| Q4 24 | $16.9B | $5.2B | ||
| Q3 24 | $16.6B | $5.2B | ||
| Q2 24 | $15.4B | $5.1B | ||
| Q1 24 | $15.1B | $5.1B |
负债/权益比PRRHP
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.42× | — | ||
| Q1 25 | 0.43× | — | ||
| Q4 24 | 0.46× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.56× | — |
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 | $904.3M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | — | $58.5M |
| 自由现金流率自由现金流/营收 | — | 7.9% |
| 资本支出强度资本支出/营收 | — | 14.4% |
| 现金转化率经营现金流/净利润 | 2.66× | 2.21× |
| 过去12个月自由现金流最近4个季度 | — | $232.4M |
8季度趋势，按日历期对齐
经营现金流PRRHP
| Q4 25 | $904.3M | $164.7M | ||
| Q3 25 | $766.5M | $205.2M | ||
| Q2 25 | $1.0B | $122.5M | ||
| Q1 25 | $898.0M | $98.2M | ||
| Q4 24 | $871.6M | $166.6M | ||
| Q3 24 | $954.4M | $218.1M | ||
| Q2 24 | $938.4M | $184.3M | ||
| Q1 24 | $647.6M | $7.5M |
自由现金流PRRHP
| Q4 25 | — | $58.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $-14.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $85.7M | ||
| Q2 24 | — | $78.8M | ||
| Q1 24 | — | $-72.0M |
自由现金流率PRRHP
| Q4 25 | — | 7.9% | ||
| Q3 25 | — | 22.9% | ||
| Q2 25 | — | 8.0% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | -13.6% |
资本支出强度PRRHP
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 19.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 24.1% | ||
| Q2 24 | — | 17.2% | ||
| Q1 24 | — | 15.0% |
现金转化率PRRHP
| Q4 25 | 2.66× | 2.21× | ||
| Q3 25 | 12.94× | 5.88× | ||
| Q2 25 | 5.01× | 1.71× | ||
| Q1 25 | 2.73× | 1.56× | ||
| Q4 24 | 4.02× | 2.30× | ||
| Q3 24 | 2.47× | 3.70× | ||
| Q2 24 | 3.99× | 1.83× | ||
| Q1 24 | 4.42× | 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
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
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% |
