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Ryman Hospitality Properties, Inc.（RHP）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC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 5.8%，领先4.3%），ROKU, INC同比增速更快（16.1% vs 13.9%），ROKU, INC自由现金流更多（$106.6M vs $58.5M），过去两年ROKU, INC的营收复合增速更高（25.8% vs 18.2%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
RHP vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.9倍
$737.8M
营收增速更快
ROKU
高出2.2%
13.9%
净利率更高
RHP
高出4.3%
5.8%
自由现金流更多
ROKU
多$48.0M
$58.5M
两年增速更快
ROKU
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $737.8M | $1.4B |
| 净利润 | $74.5M | $80.5M |
| 毛利率 | 41.4% | 43.5% |
| 营业利润率 | 19.4% | 4.7% |
| 净利率 | 10.1% | 5.8% |
| 营收同比 | 13.9% | 16.1% |
| 净利润同比 | 3.0% | 326.4% |
| 每股收益（稀释后） | $1.12 | $0.55 |
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RHPROKU
| Q4 25 | $737.8M | $1.4B | ||
| Q3 25 | $592.5M | $1.2B | ||
| Q2 25 | $659.5M | $1.1B | ||
| Q1 25 | $587.3M | $1.0B | ||
| Q4 24 | $647.6M | $1.2B | ||
| Q3 24 | $550.0M | $1.1B | ||
| Q2 24 | $613.3M | $968.2M | ||
| Q1 24 | $528.3M | $881.5M |
净利润RHPROKU
| Q4 25 | $74.5M | $80.5M | ||
| Q3 25 | $34.9M | $24.8M | ||
| Q2 25 | $71.8M | $10.5M | ||
| Q1 25 | $63.0M | $-27.4M | ||
| Q4 24 | $72.3M | $-35.5M | ||
| Q3 24 | $59.0M | $-9.0M | ||
| Q2 24 | $100.8M | $-34.0M | ||
| Q1 24 | $42.8M | $-50.9M |
毛利率RHPROKU
| Q4 25 | 41.4% | 43.5% | ||
| Q3 25 | 40.9% | 43.4% | ||
| Q2 25 | 49.7% | 44.8% | ||
| Q1 25 | 44.4% | 43.6% | ||
| Q4 24 | 40.4% | 42.7% | ||
| Q3 24 | 43.1% | 45.2% | ||
| Q2 24 | 48.4% | 43.9% | ||
| Q1 24 | 41.5% | 44.1% |
营业利润率RHPROKU
| Q4 25 | 19.4% | 4.7% | ||
| Q3 25 | 15.0% | 0.8% | ||
| Q2 25 | 21.1% | -2.1% | ||
| Q1 25 | 19.8% | -5.7% | ||
| Q4 24 | 18.6% | -3.3% | ||
| Q3 24 | 19.3% | -3.4% | ||
| Q2 24 | 27.4% | -7.4% | ||
| Q1 24 | 18.2% | -8.2% |
净利率RHPROKU
| Q4 25 | 10.1% | 5.8% | ||
| Q3 25 | 5.9% | 2.0% | ||
| Q2 25 | 10.9% | 0.9% | ||
| Q1 25 | 10.7% | -2.7% | ||
| Q4 24 | 11.2% | -3.0% | ||
| Q3 24 | 10.7% | -0.9% | ||
| Q2 24 | 16.4% | -3.5% | ||
| Q1 24 | 8.1% | -5.8% |
每股收益（稀释后）RHPROKU
| Q4 25 | $1.12 | $0.55 | ||
| Q3 25 | $0.53 | $0.16 | ||
| Q2 25 | $1.12 | $0.07 | ||
| Q1 25 | $1.00 | $-0.19 | ||
| Q4 24 | $1.12 | $-0.24 | ||
| Q3 24 | $0.94 | $-0.06 | ||
| Q2 24 | $1.65 | $-0.24 | ||
| Q1 24 | $0.67 | $-0.35 |
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 | $471.4M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.2M | $2.7B |
| 总资产 | $6.2B | $4.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资RHPROKU
| Q4 25 | $471.4M | $2.3B | ||
| Q3 25 | $483.3M | $2.3B | ||
| Q2 25 | $420.6M | $2.3B | ||
| Q1 25 | $413.9M | $2.3B | ||
| Q4 24 | $477.7M | $2.2B | ||
| Q3 24 | $534.9M | $2.1B | ||
| Q2 24 | $498.4M | $2.1B | ||
| Q1 24 | $465.3M | $2.1B |
股东权益RHPROKU
| Q4 25 | $750.2M | $2.7B | ||
| Q3 25 | $758.5M | $2.6B | ||
| Q2 25 | $800.4M | $2.6B | ||
| Q1 25 | $531.5M | $2.5B | ||
| Q4 24 | $549.0M | $2.5B | ||
| Q3 24 | $551.9M | $2.5B | ||
| Q2 24 | $562.6M | $2.4B | ||
| Q1 24 | $529.9M | $2.4B |
总资产RHPROKU
| Q4 25 | $6.2B | $4.4B | ||
| Q3 25 | $6.2B | $4.4B | ||
| Q2 25 | $6.1B | $4.3B | ||
| Q1 25 | $5.2B | $4.2B | ||
| Q4 24 | $5.2B | $4.3B | ||
| Q3 24 | $5.2B | $4.3B | ||
| Q2 24 | $5.1B | $4.1B | ||
| Q1 24 | $5.1B | $4.2B |
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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $58.5M | $106.6M |
| 自由现金流率自由现金流/营收 | 7.9% | 7.6% |
| 资本支出强度资本支出/营收 | 14.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.21× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $232.4M | $478.4M |
8季度趋势，按日历期对齐
经营现金流RHPROKU
| Q4 25 | $164.7M | $107.7M | ||
| Q3 25 | $205.2M | $127.6M | ||
| Q2 25 | $122.5M | $109.7M | ||
| Q1 25 | $98.2M | $138.7M | ||
| Q4 24 | $166.6M | $79.3M | ||
| Q3 24 | $218.1M | $68.7M | ||
| Q2 24 | $184.3M | $23.4M | ||
| Q1 24 | $7.5M | $46.7M |
自由现金流RHPROKU
| Q4 25 | $58.5M | $106.6M | ||
| Q3 25 | $135.4M | $126.5M | ||
| Q2 25 | $53.0M | $108.6M | ||
| Q1 25 | $-14.5M | $136.8M | ||
| Q4 24 | $76.0M | $76.8M | ||
| Q3 24 | $85.7M | $67.6M | ||
| Q2 24 | $78.8M | $22.5M | ||
| Q1 24 | $-72.0M | $46.0M |
自由现金流率RHPROKU
| Q4 25 | 7.9% | 7.6% | ||
| Q3 25 | 22.9% | 10.4% | ||
| Q2 25 | 8.0% | 9.8% | ||
| Q1 25 | -2.5% | 13.4% | ||
| Q4 24 | 11.7% | 6.4% | ||
| Q3 24 | 15.6% | 6.4% | ||
| Q2 24 | 12.9% | 2.3% | ||
| Q1 24 | -13.6% | 5.2% |
资本支出强度RHPROKU
| Q4 25 | 14.4% | 0.1% | ||
| Q3 25 | 11.8% | 0.1% | ||
| Q2 25 | 10.5% | 0.1% | ||
| Q1 25 | 19.2% | 0.2% | ||
| Q4 24 | 14.0% | 0.2% | ||
| Q3 24 | 24.1% | 0.1% | ||
| Q2 24 | 17.2% | 0.1% | ||
| Q1 24 | 15.0% | 0.1% |
现金转化率RHPROKU
| Q4 25 | 2.21× | 1.34× | ||
| Q3 25 | 5.88× | 5.14× | ||
| Q2 25 | 1.71× | 10.45× | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | 3.70× | — | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | 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
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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
