vs
Ryman Hospitality Properties, Inc.（RHP）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
TRINET GROUP, INC.的季度营收约是Ryman Hospitality Properties, Inc.的1.7倍（$1.2B vs $737.8M），Ryman Hospitality Properties, Inc.同比增速更快（13.9% vs -2.2%），Ryman Hospitality Properties, Inc.自由现金流更多（$58.5M vs $43.0M），过去两年Ryman Hospitality Properties, Inc.的营收复合增速更高（18.2% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
RHP vs TNET — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $737.8M | $1.2B |
| 净利润 | $74.5M | — |
| 毛利率 | 41.4% | — |
| 营业利润率 | 19.4% | 0.1% |
| 净利率 | 10.1% | — |
| 营收同比 | 13.9% | -2.2% |
| 净利润同比 | 3.0% | — |
| 每股收益（稀释后） | $1.12 | $0.02 |
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
| Q4 25 | $737.8M | $1.2B | ||
| Q3 25 | $592.5M | $1.2B | ||
| Q2 25 | $659.5M | $1.2B | ||
| Q1 25 | $587.3M | $1.3B | ||
| Q4 24 | $647.6M | $1.3B | ||
| Q3 24 | $550.0M | $1.2B | ||
| Q2 24 | $613.3M | $1.2B | ||
| Q1 24 | $528.3M | $1.3B |
| Q4 25 | $74.5M | — | ||
| Q3 25 | $34.9M | $34.0M | ||
| Q2 25 | $71.8M | $37.0M | ||
| Q1 25 | $63.0M | $85.0M | ||
| Q4 24 | $72.3M | — | ||
| Q3 24 | $59.0M | $45.0M | ||
| Q2 24 | $100.8M | $60.0M | ||
| Q1 24 | $42.8M | $91.0M |
| 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% | — |
| Q4 25 | 19.4% | 0.1% | ||
| Q3 25 | 15.0% | 4.1% | ||
| Q2 25 | 21.1% | 4.1% | ||
| Q1 25 | 19.8% | 8.9% | ||
| Q4 24 | 18.6% | -2.9% | ||
| Q3 24 | 19.3% | 4.7% | ||
| Q2 24 | 27.4% | 6.5% | ||
| Q1 24 | 18.2% | 9.7% |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 5.9% | 2.8% | ||
| Q2 25 | 10.9% | 3.0% | ||
| Q1 25 | 10.7% | 6.6% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 10.7% | 3.6% | ||
| Q2 24 | 16.4% | 4.9% | ||
| Q1 24 | 8.1% | 7.2% |
| Q4 25 | $1.12 | $0.02 | ||
| Q3 25 | $0.53 | $0.70 | ||
| Q2 25 | $1.12 | $0.77 | ||
| Q1 25 | $1.00 | $1.71 | ||
| Q4 24 | $1.12 | $-0.44 | ||
| Q3 24 | $0.94 | $0.89 | ||
| Q2 24 | $1.65 | $1.20 | ||
| Q1 24 | $0.67 | $1.78 |
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 | $287.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $750.2M | $54.0M |
| 总资产 | $6.2B | $3.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $471.4M | $287.0M | ||
| Q3 25 | $483.3M | $321.0M | ||
| Q2 25 | $420.6M | $407.0M | ||
| Q1 25 | $413.9M | $349.0M | ||
| Q4 24 | $477.7M | $360.0M | ||
| Q3 24 | $534.9M | $301.0M | ||
| Q2 24 | $498.4M | $249.0M | ||
| Q1 24 | $465.3M | $383.0M |
| Q4 25 | $750.2M | $54.0M | ||
| Q3 25 | $758.5M | $110.0M | ||
| Q2 25 | $800.4M | $107.0M | ||
| Q1 25 | $531.5M | $63.0M | ||
| Q4 24 | $549.0M | $69.0M | ||
| Q3 24 | $551.9M | $129.0M | ||
| Q2 24 | $562.6M | $100.0M | ||
| Q1 24 | $529.9M | $143.0M |
| Q4 25 | $6.2B | $3.8B | ||
| Q3 25 | $6.2B | $3.4B | ||
| Q2 25 | $6.1B | $3.7B | ||
| Q1 25 | $5.2B | $3.8B | ||
| Q4 24 | $5.2B | $4.1B | ||
| Q3 24 | $5.2B | $3.7B | ||
| Q2 24 | $5.1B | $3.7B | ||
| Q1 24 | $5.1B | $4.0B |
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 | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $58.5M | $43.0M |
| 自由现金流率自由现金流/营收 | 7.9% | 3.4% |
| 资本支出强度资本支出/营收 | 14.4% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.21× | — |
| 过去12个月自由现金流最近4个季度 | $232.4M | $234.0M |
8季度趋势，按日历期对齐
| Q4 25 | $164.7M | $61.0M | ||
| Q3 25 | $205.2M | $72.0M | ||
| Q2 25 | $122.5M | $75.0M | ||
| Q1 25 | $98.2M | $95.0M | ||
| Q4 24 | $166.6M | $65.0M | ||
| Q3 24 | $218.1M | $84.0M | ||
| Q2 24 | $184.3M | $39.0M | ||
| Q1 24 | $7.5M | $91.0M |
| Q4 25 | $58.5M | $43.0M | ||
| Q3 25 | $135.4M | $55.0M | ||
| Q2 25 | $53.0M | $57.0M | ||
| Q1 25 | $-14.5M | $79.0M | ||
| Q4 24 | $76.0M | $47.0M | ||
| Q3 24 | $85.7M | $59.0M | ||
| Q2 24 | $78.8M | $22.0M | ||
| Q1 24 | $-72.0M | $73.0M |
| Q4 25 | 7.9% | 3.4% | ||
| Q3 25 | 22.9% | 4.5% | ||
| Q2 25 | 8.0% | 4.6% | ||
| Q1 25 | -2.5% | 6.1% | ||
| Q4 24 | 11.7% | 3.7% | ||
| Q3 24 | 15.6% | 4.8% | ||
| Q2 24 | 12.9% | 1.8% | ||
| Q1 24 | -13.6% | 5.8% |
| Q4 25 | 14.4% | 1.4% | ||
| Q3 25 | 11.8% | 1.4% | ||
| Q2 25 | 10.5% | 1.5% | ||
| Q1 25 | 19.2% | 1.2% | ||
| Q4 24 | 14.0% | 1.4% | ||
| Q3 24 | 24.1% | 2.0% | ||
| Q2 24 | 17.2% | 1.4% | ||
| Q1 24 | 15.0% | 1.4% |
| Q4 25 | 2.21× | — | ||
| Q3 25 | 5.88× | 2.12× | ||
| Q2 25 | 1.71× | 2.03× | ||
| Q1 25 | 1.56× | 1.12× | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | 3.70× | 1.87× | ||
| Q2 24 | 1.83× | 0.65× | ||
| Q1 24 | 0.17× | 1.00× |
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% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
