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PTC Inc.（PTC）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
Ryman Hospitality Properties, Inc.的季度营收约是PTC Inc.的1.1倍（$737.8M vs $685.8M），PTC Inc.净利率更高（24.3% vs 10.1%，领先14.2%），PTC Inc.同比增速更快（21.4% vs 13.9%），PTC Inc.自由现金流更多（$267.4M vs $58.5M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs 6.6%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
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。
PTC vs RHP — 直观对比
营收规模更大
RHP
是对方的1.1倍
$685.8M
营收增速更快
PTC
高出7.4%
13.9%
净利率更高
PTC
高出14.2%
10.1%
自由现金流更多
PTC
多$208.9M
$58.5M
两年增速更快
RHP
近两年复合增速
6.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $737.8M |
| 净利润 | $166.5M | $74.5M |
| 毛利率 | 82.8% | 41.4% |
| 营业利润率 | 32.2% | 19.4% |
| 净利率 | 24.3% | 10.1% |
| 营收同比 | 21.4% | 13.9% |
| 净利润同比 | 102.5% | 3.0% |
| 每股收益（稀释后） | $1.39 | $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PTCRHP
| Q4 25 | $685.8M | $737.8M | ||
| Q3 25 | $893.8M | $592.5M | ||
| Q2 25 | $643.9M | $659.5M | ||
| Q1 25 | $636.4M | $587.3M | ||
| Q4 24 | $565.1M | $647.6M | ||
| Q3 24 | $626.5M | $550.0M | ||
| Q2 24 | $518.6M | $613.3M | ||
| Q1 24 | $603.1M | $528.3M |
净利润PTCRHP
| Q4 25 | $166.5M | $74.5M | ||
| Q3 25 | $347.8M | $34.9M | ||
| Q2 25 | $141.3M | $71.8M | ||
| Q1 25 | $162.6M | $63.0M | ||
| Q4 24 | $82.2M | $72.3M | ||
| Q3 24 | $126.5M | $59.0M | ||
| Q2 24 | $69.0M | $100.8M | ||
| Q1 24 | $114.4M | $42.8M |
毛利率PTCRHP
| Q4 25 | 82.8% | 41.4% | ||
| Q3 25 | 86.9% | 40.9% | ||
| Q2 25 | 82.9% | 49.7% | ||
| Q1 25 | 83.3% | 44.4% | ||
| Q4 24 | 80.2% | 40.4% | ||
| Q3 24 | 82.0% | 43.1% | ||
| Q2 24 | 78.4% | 48.4% | ||
| Q1 24 | 81.8% | 41.5% |
营业利润率PTCRHP
| Q4 25 | 32.2% | 19.4% | ||
| Q3 25 | 48.5% | 15.0% | ||
| Q2 25 | 32.6% | 21.1% | ||
| Q1 25 | 35.1% | 19.8% | ||
| Q4 24 | 20.4% | 18.6% | ||
| Q3 24 | 31.0% | 19.3% | ||
| Q2 24 | 18.5% | 27.4% | ||
| Q1 24 | 29.8% | 18.2% |
净利率PTCRHP
| Q4 25 | 24.3% | 10.1% | ||
| Q3 25 | 38.9% | 5.9% | ||
| Q2 25 | 21.9% | 10.9% | ||
| Q1 25 | 25.6% | 10.7% | ||
| Q4 24 | 14.6% | 11.2% | ||
| Q3 24 | 20.2% | 10.7% | ||
| Q2 24 | 13.3% | 16.4% | ||
| Q1 24 | 19.0% | 8.1% |
每股收益（稀释后）PTCRHP
| Q4 25 | $1.39 | $1.12 | ||
| Q3 25 | $2.88 | $0.53 | ||
| Q2 25 | $1.17 | $1.12 | ||
| Q1 25 | $1.35 | $1.00 | ||
| Q4 24 | $0.68 | $1.12 | ||
| Q3 24 | $1.05 | $0.94 | ||
| Q2 24 | $0.57 | $1.65 | ||
| Q1 24 | $0.95 | $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 | $209.7M | $471.4M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $3.8B | $750.2M |
| 总资产 | $6.4B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.31× | — |
8季度趋势，按日历期对齐
现金及短期投资PTCRHP
| Q4 25 | $209.7M | $471.4M | ||
| Q3 25 | $184.4M | $483.3M | ||
| Q2 25 | $199.3M | $420.6M | ||
| Q1 25 | $235.2M | $413.9M | ||
| Q4 24 | $196.3M | $477.7M | ||
| Q3 24 | $265.8M | $534.9M | ||
| Q2 24 | $247.7M | $498.4M | ||
| Q1 24 | $249.0M | $465.3M |
总债务PTCRHP
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.5B | — |
股东权益PTCRHP
| Q4 25 | $3.8B | $750.2M | ||
| Q3 25 | $3.8B | $758.5M | ||
| Q2 25 | $3.5B | $800.4M | ||
| Q1 25 | $3.4B | $531.5M | ||
| Q4 24 | $3.2B | $549.0M | ||
| Q3 24 | $3.2B | $551.9M | ||
| Q2 24 | $3.0B | $562.6M | ||
| Q1 24 | $2.9B | $529.9M |
总资产PTCRHP
| Q4 25 | $6.4B | $6.2B | ||
| Q3 25 | $6.6B | $6.2B | ||
| Q2 25 | $6.2B | $6.1B | ||
| Q1 25 | $6.2B | $5.2B | ||
| Q4 24 | $6.1B | $5.2B | ||
| Q3 24 | $6.4B | $5.2B | ||
| Q2 24 | $6.1B | $5.1B | ||
| Q1 24 | $6.2B | $5.1B |
负债/权益比PTCRHP
| Q4 25 | 0.31× | — | ||
| Q3 25 | 0.31× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 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 | $269.7M | $164.7M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $58.5M |
| 自由现金流率自由现金流/营收 | 39.0% | 7.9% |
| 资本支出强度资本支出/营收 | 0.3% | 14.4% |
| 现金转化率经营现金流/净利润 | 1.62× | 2.21× |
| 过去12个月自由现金流最近4个季度 | $888.4M | $232.4M |
8季度趋势，按日历期对齐
经营现金流PTCRHP
| Q4 25 | $269.7M | $164.7M | ||
| Q3 25 | $104.0M | $205.2M | ||
| Q2 25 | $243.9M | $122.5M | ||
| Q1 25 | $281.3M | $98.2M | ||
| Q4 24 | $238.4M | $166.6M | ||
| Q3 24 | $98.1M | $218.1M | ||
| Q2 24 | $213.8M | $184.3M | ||
| Q1 24 | $250.7M | $7.5M |
自由现金流PTCRHP
| Q4 25 | $267.4M | $58.5M | ||
| Q3 25 | $100.5M | $135.4M | ||
| Q2 25 | $242.0M | $53.0M | ||
| Q1 25 | $278.5M | $-14.5M | ||
| Q4 24 | $235.7M | $76.0M | ||
| Q3 24 | $93.6M | $85.7M | ||
| Q2 24 | $212.2M | $78.8M | ||
| Q1 24 | $247.1M | $-72.0M |
自由现金流率PTCRHP
| Q4 25 | 39.0% | 7.9% | ||
| Q3 25 | 11.2% | 22.9% | ||
| Q2 25 | 37.6% | 8.0% | ||
| Q1 25 | 43.8% | -2.5% | ||
| Q4 24 | 41.7% | 11.7% | ||
| Q3 24 | 14.9% | 15.6% | ||
| Q2 24 | 40.9% | 12.9% | ||
| Q1 24 | 41.0% | -13.6% |
资本支出强度PTCRHP
| Q4 25 | 0.3% | 14.4% | ||
| Q3 25 | 0.4% | 11.8% | ||
| Q2 25 | 0.3% | 10.5% | ||
| Q1 25 | 0.4% | 19.2% | ||
| Q4 24 | 0.5% | 14.0% | ||
| Q3 24 | 0.7% | 24.1% | ||
| Q2 24 | 0.3% | 17.2% | ||
| Q1 24 | 0.6% | 15.0% |
现金转化率PTCRHP
| Q4 25 | 1.62× | 2.21× | ||
| Q3 25 | 0.30× | 5.88× | ||
| Q2 25 | 1.73× | 1.71× | ||
| Q1 25 | 1.73× | 1.56× | ||
| Q4 24 | 2.90× | 2.30× | ||
| Q3 24 | 0.78× | 3.70× | ||
| Q2 24 | 3.10× | 1.83× | ||
| Q1 24 | 2.19× | 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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
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% |
