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普尔斯马特（PSMT）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
普尔斯马特的季度营收约是Ryman Hospitality Properties, Inc.的1.9倍（$1.4B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 2.9%，领先7.2%），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs 9.9%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $32.6M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 3.5%）
PriceSmart（普尔斯马特）是一家美资会员制仓储商超运营商，业务覆盖中美洲、加勒比地区及南美洲。公司由Price Club的创立者索尔·普莱斯与罗伯特·普莱斯共同创办，罗伯特·普莱斯现任董事会主席。
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。
PSMT vs RHP — 直观对比
营收规模更大
PSMT
是对方的1.9倍
$737.8M
营收增速更快
RHP
高出4.0%
9.9%
净利率更高
RHP
高出7.2%
2.9%
自由现金流更多
RHP
多$25.9M
$32.6M
两年增速更快
RHP
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $737.8M |
| 净利润 | $40.2M | $74.5M |
| 毛利率 | 17.7% | 41.4% |
| 营业利润率 | 4.6% | 19.4% |
| 净利率 | 2.9% | 10.1% |
| 营收同比 | 9.9% | 13.9% |
| 净利润同比 | 7.3% | 3.0% |
| 每股收益（稀释后） | $1.29 | $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PSMTRHP
| Q4 25 | $1.4B | $737.8M | ||
| Q3 25 | $1.3B | $592.5M | ||
| Q2 25 | $1.3B | $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 | $1.3B | $528.3M |
净利润PSMTRHP
| Q4 25 | $40.2M | $74.5M | ||
| Q3 25 | $31.5M | $34.9M | ||
| Q2 25 | $35.2M | $71.8M | ||
| Q1 25 | $43.8M | $63.0M | ||
| Q4 24 | $37.4M | $72.3M | ||
| Q3 24 | $29.1M | $59.0M | ||
| Q2 24 | $32.5M | $100.8M | ||
| Q1 24 | $39.3M | $42.8M |
毛利率PSMTRHP
| Q4 25 | 17.7% | 41.4% | ||
| Q3 25 | — | 40.9% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | 17.1% | 44.4% | ||
| Q4 24 | 17.4% | 40.4% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 48.4% | ||
| Q1 24 | — | 41.5% |
营业利润率PSMTRHP
| Q4 25 | 4.6% | 19.4% | ||
| Q3 25 | 4.0% | 15.0% | ||
| Q2 25 | 4.3% | 21.1% | ||
| Q1 25 | 4.8% | 19.8% | ||
| Q4 24 | 4.6% | 18.6% | ||
| Q3 24 | 4.0% | 19.3% | ||
| Q2 24 | 4.1% | 27.4% | ||
| Q1 24 | 4.9% | 18.2% |
净利率PSMTRHP
| Q4 25 | 2.9% | 10.1% | ||
| Q3 25 | 2.4% | 5.9% | ||
| Q2 25 | 2.7% | 10.9% | ||
| Q1 25 | 3.2% | 10.7% | ||
| Q4 24 | 3.0% | 11.2% | ||
| Q3 24 | 2.4% | 10.7% | ||
| Q2 24 | 2.6% | 16.4% | ||
| Q1 24 | 3.0% | 8.1% |
每股收益（稀释后）PSMTRHP
| Q4 25 | $1.29 | $1.12 | ||
| Q3 25 | $1.02 | $0.53 | ||
| Q2 25 | $1.14 | $1.12 | ||
| Q1 25 | $1.45 | $1.00 | ||
| Q4 24 | $1.21 | $1.12 | ||
| Q3 24 | $0.94 | $0.94 | ||
| Q2 24 | $1.08 | $1.65 | ||
| Q1 24 | $1.31 | $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 | $320.6M | $471.4M |
| 总债务越低越好 | $180.3M | — |
| 股东权益账面价值 | $1.3B | $750.2M |
| 总资产 | $2.4B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.14× | — |
8季度趋势，按日历期对齐
现金及短期投资PSMTRHP
| Q4 25 | $320.6M | $471.4M | ||
| Q3 25 | $314.2M | $483.3M | ||
| Q2 25 | $262.4M | $420.6M | ||
| Q1 25 | $247.3M | $413.9M | ||
| Q4 24 | $222.2M | $477.7M | ||
| Q3 24 | $225.5M | $534.9M | ||
| Q2 24 | $228.2M | $498.4M | ||
| Q1 24 | $264.2M | $465.3M |
总债务PSMTRHP
| Q4 25 | $180.3M | — | ||
| Q3 25 | $186.6M | — | ||
| Q2 25 | $103.1M | — | ||
| Q1 25 | $107.1M | — | ||
| Q4 24 | $115.6M | — | ||
| Q3 24 | $130.4M | — | ||
| Q2 24 | $135.1M | — | ||
| Q1 24 | $140.0M | — |
股东权益PSMTRHP
| Q4 25 | $1.3B | $750.2M | ||
| Q3 25 | $1.2B | $758.5M | ||
| Q2 25 | $1.2B | $800.4M | ||
| Q1 25 | $1.2B | $531.5M | ||
| Q4 24 | $1.2B | $549.0M | ||
| Q3 24 | $1.1B | $551.9M | ||
| Q2 24 | $1.1B | $562.6M | ||
| Q1 24 | $1.1B | $529.9M |
总资产PSMTRHP
| Q4 25 | $2.4B | $6.2B | ||
| Q3 25 | $2.3B | $6.2B | ||
| Q2 25 | $2.1B | $6.1B | ||
| Q1 25 | $2.1B | $5.2B | ||
| Q4 24 | $2.1B | $5.2B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $2.0B | $5.1B | ||
| Q1 24 | $2.0B | $5.1B |
负债/权益比PSMTRHP
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | 0.10× | — | ||
| Q3 24 | 0.12× | — | ||
| Q2 24 | 0.12× | — | ||
| Q1 24 | 0.13× | — |
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 | $71.2M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $32.6M | $58.5M |
| 自由现金流率自由现金流/营收 | 2.4% | 7.9% |
| 资本支出强度资本支出/营收 | 2.8% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.77× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $125.5M | $232.4M |
8季度趋势，按日历期对齐
经营现金流PSMTRHP
| Q4 25 | $71.2M | $164.7M | ||
| Q3 25 | $82.1M | $205.2M | ||
| Q2 25 | $52.8M | $122.5M | ||
| Q1 25 | $87.9M | $98.2M | ||
| Q4 24 | $38.5M | $166.6M | ||
| Q3 24 | $41.8M | $218.1M | ||
| Q2 24 | $38.1M | $184.3M | ||
| Q1 24 | $86.6M | $7.5M |
自由现金流PSMTRHP
| Q4 25 | $32.6M | $58.5M | ||
| Q3 25 | $25.6M | $135.4M | ||
| Q2 25 | $14.0M | $53.0M | ||
| Q1 25 | $53.2M | $-14.5M | ||
| Q4 24 | $10.3M | $76.0M | ||
| Q3 24 | $15.2M | $85.7M | ||
| Q2 24 | $-308.0K | $78.8M | ||
| Q1 24 | $16.4M | $-72.0M |
自由现金流率PSMTRHP
| Q4 25 | 2.4% | 7.9% | ||
| Q3 25 | 1.9% | 22.9% | ||
| Q2 25 | 1.1% | 8.0% | ||
| Q1 25 | 3.9% | -2.5% | ||
| Q4 24 | 0.8% | 11.7% | ||
| Q3 24 | 1.2% | 15.6% | ||
| Q2 24 | -0.0% | 12.9% | ||
| Q1 24 | 1.3% | -13.6% |
资本支出强度PSMTRHP
| Q4 25 | 2.8% | 14.4% | ||
| Q3 25 | 4.2% | 11.8% | ||
| Q2 25 | 2.9% | 10.5% | ||
| Q1 25 | 2.5% | 19.2% | ||
| Q4 24 | 2.2% | 14.0% | ||
| Q3 24 | 2.2% | 24.1% | ||
| Q2 24 | 3.1% | 17.2% | ||
| Q1 24 | 5.4% | 15.0% |
现金转化率PSMTRHP
| Q4 25 | 1.77× | 2.21× | ||
| Q3 25 | 2.60× | 5.88× | ||
| Q2 25 | 1.50× | 1.71× | ||
| Q1 25 | 2.01× | 1.56× | ||
| Q4 24 | 1.03× | 2.30× | ||
| Q3 24 | 1.44× | 3.70× | ||
| Q2 24 | 1.17× | 1.83× | ||
| Q1 24 | 2.20× | 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
PSMT
| Fresh Foods | $454.9M | 33% |
| Caribbean Operations Segment | $396.5M | 29% |
| Colombia Operations Segment | $204.1M | 15% |
| Hardlines | $162.6M | 12% |
| Softlines | $99.8M | 7% |
| ship Income Member | $24.5M | 2% |
| Health Services | $14.5M | 1% |
| Other Revenue And Income | $4.2M | 0% |
| United States Operations Segment | $510.0K | 0% |
| Export Sales | $359.0K | 0% |
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% |
