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Ryman Hospitality Properties, Inc.（RHP）与Sunrun Inc.（RUN）财务数据对比。点击上方公司名可切换其他公司
Sunrun Inc.的季度营收约是Ryman Hospitality Properties, Inc.的1.6倍（$1.2B vs $737.8M），Ryman Hospitality Properties, Inc.净利率更高（10.1% vs 8.9%，领先1.2%），Sunrun Inc.同比增速更快（123.5% vs 13.9%），过去两年Sunrun Inc.的营收复合增速更高（59.0% 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。
Sunrun Inc.是美国知名的光伏系统及电池储能产品供应商，业务以服务住宅客户为主，2007年成立，总部位于加利福尼亚州旧金山，致力于为家庭用户提供高效的清洁能源解决方案。
RHP vs RUN — 直观对比
营收规模更大
RUN
是对方的1.6倍
$737.8M
营收增速更快
RUN
高出109.6%
13.9%
净利率更高
RHP
高出1.2%
8.9%
两年增速更快
RUN
近两年复合增速
18.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $737.8M | $1.2B |
| 净利润 | $74.5M | $103.6M |
| 毛利率 | 41.4% | — |
| 营业利润率 | 19.4% | 8.4% |
| 净利率 | 10.1% | 8.9% |
| 营收同比 | 13.9% | 123.5% |
| 净利润同比 | 3.0% | 103.7% |
| 每股收益（稀释后） | $1.12 | $0.38 |
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RHPRUN
| Q4 25 | $737.8M | $1.2B | ||
| Q3 25 | $592.5M | $724.6M | ||
| Q2 25 | $659.5M | $569.3M | ||
| Q1 25 | $587.3M | $504.3M | ||
| Q4 24 | $647.6M | $518.5M | ||
| Q3 24 | $550.0M | $537.2M | ||
| Q2 24 | $613.3M | $523.9M | ||
| Q1 24 | $528.3M | $458.2M |
净利润RHPRUN
| Q4 25 | $74.5M | $103.6M | ||
| Q3 25 | $34.9M | $16.6M | ||
| Q2 25 | $71.8M | $279.8M | ||
| Q1 25 | $63.0M | $50.0M | ||
| Q4 24 | $72.3M | $-2.8B | ||
| Q3 24 | $59.0M | $-83.8M | ||
| Q2 24 | $100.8M | $139.1M | ||
| Q1 24 | $42.8M | $-87.8M |
毛利率RHPRUN
| 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RHPRUN
| Q4 25 | 19.4% | 8.4% | ||
| Q3 25 | 15.0% | 0.5% | ||
| Q2 25 | 21.1% | -19.7% | ||
| Q1 25 | 19.8% | -22.8% | ||
| Q4 24 | 18.6% | -628.0% | ||
| Q3 24 | 19.3% | -23.8% | ||
| Q2 24 | 27.4% | -24.4% | ||
| Q1 24 | 18.2% | -40.0% |
净利率RHPRUN
| Q4 25 | 10.1% | 8.9% | ||
| Q3 25 | 5.9% | 2.3% | ||
| Q2 25 | 10.9% | 49.1% | ||
| Q1 25 | 10.7% | 9.9% | ||
| Q4 24 | 11.2% | -542.7% | ||
| Q3 24 | 10.7% | -15.6% | ||
| Q2 24 | 16.4% | 26.5% | ||
| Q1 24 | 8.1% | -19.2% |
每股收益（稀释后）RHPRUN
| Q4 25 | $1.12 | $0.38 | ||
| Q3 25 | $0.53 | $0.06 | ||
| Q2 25 | $1.12 | $1.07 | ||
| Q1 25 | $1.00 | $0.20 | ||
| Q4 24 | $1.12 | $-12.59 | ||
| Q3 24 | $0.94 | $-0.37 | ||
| Q2 24 | $1.65 | $0.55 | ||
| Q1 24 | $0.67 | $-0.40 |
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 | — |
| 总债务越低越好 | — | $14.7B |
| 股东权益账面价值 | $750.2M | $3.1B |
| 总资产 | $6.2B | $22.6B |
| 负债/权益比越低杠杆越低 | — | 4.69× |
8季度趋势，按日历期对齐
现金及短期投资RHPRUN
| Q4 25 | $471.4M | — | ||
| Q3 25 | $483.3M | — | ||
| Q2 25 | $420.6M | — | ||
| Q1 25 | $413.9M | — | ||
| Q4 24 | $477.7M | — | ||
| Q3 24 | $534.9M | — | ||
| Q2 24 | $498.4M | — | ||
| Q1 24 | $465.3M | — |
总债务RHPRUN
| Q4 25 | — | $14.7B | ||
| Q3 25 | — | $14.6B | ||
| Q2 25 | — | $14.0B | ||
| Q1 25 | — | $13.6B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | — | $12.5B | ||
| Q2 24 | — | $12.0B | ||
| Q1 24 | — | $11.1B |
股东权益RHPRUN
| Q4 25 | $750.2M | $3.1B | ||
| Q3 25 | $758.5M | $3.0B | ||
| Q2 25 | $800.4M | $2.9B | ||
| Q1 25 | $531.5M | $2.6B | ||
| Q4 24 | $549.0M | $2.6B | ||
| Q3 24 | $551.9M | $5.3B | ||
| Q2 24 | $562.6M | $5.4B | ||
| Q1 24 | $529.9M | $5.2B |
总资产RHPRUN
| Q4 25 | $6.2B | $22.6B | ||
| Q3 25 | $6.2B | $22.2B | ||
| Q2 25 | $6.1B | $21.2B | ||
| Q1 25 | $5.2B | $20.4B | ||
| Q4 24 | $5.2B | $19.9B | ||
| Q3 24 | $5.2B | $22.1B | ||
| Q2 24 | $5.1B | $21.4B | ||
| Q1 24 | $5.1B | $20.8B |
负债/权益比RHPRUN
| Q4 25 | — | 4.69× | ||
| Q3 25 | — | 4.90× | ||
| Q2 25 | — | 4.80× | ||
| Q1 25 | — | 5.19× | ||
| Q4 24 | — | 5.05× | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 2.15× |
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 | $96.9M |
| 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 | 2.21× | 0.94× |
| 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RHPRUN
| Q4 25 | $164.7M | $96.9M | ||
| Q3 25 | $205.2M | $-121.5M | ||
| Q2 25 | $122.5M | $-292.7M | ||
| Q1 25 | $98.2M | $-104.2M | ||
| Q4 24 | $166.6M | $-258.4M | ||
| Q3 24 | $218.1M | $-156.2M | ||
| Q2 24 | $184.3M | $-208.5M | ||
| Q1 24 | $7.5M | $-143.1M |
自由现金流RHPRUN
| Q4 25 | $58.5M | — | ||
| Q3 25 | $135.4M | — | ||
| Q2 25 | $53.0M | — | ||
| Q1 25 | $-14.5M | — | ||
| Q4 24 | $76.0M | — | ||
| Q3 24 | $85.7M | $-156.4M | ||
| Q2 24 | $78.8M | — | ||
| Q1 24 | $-72.0M | — |
自由现金流率RHPRUN
| Q4 25 | 7.9% | — | ||
| Q3 25 | 22.9% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -2.5% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 15.6% | -29.1% | ||
| Q2 24 | 12.9% | — | ||
| Q1 24 | -13.6% | — |
资本支出强度RHPRUN
| Q4 25 | 14.4% | — | ||
| Q3 25 | 11.8% | — | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 19.2% | — | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 24.1% | 0.0% | ||
| Q2 24 | 17.2% | — | ||
| Q1 24 | 15.0% | — |
现金转化率RHPRUN
| Q4 25 | 2.21× | 0.94× | ||
| Q3 25 | 5.88× | -7.33× | ||
| Q2 25 | 1.71× | -1.05× | ||
| Q1 25 | 1.56× | -2.08× | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | 3.70× | — | ||
| Q2 24 | 1.83× | -1.50× | ||
| 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% |
RUN
| Products | $692.3M | 60% |
| Customer Agreements | $435.2M | 38% |
| Manufactured Product Other | $56.7M | 5% |
| Incentives | $31.3M | 3% |
