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Ryman Hospitality Properties, Inc.（RHP）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
Ryman Hospitality Properties, Inc.的季度营收约是世纪互联的1.8倍（$664.6M vs $362.7M），Ryman Hospitality Properties, Inc.净利率更高（10.4% vs -10.7%，领先21.1%），过去两年世纪互联的营收复合增速更高（17.4% vs 4.1%）
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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
RHP vs VNET — 直观对比
营收规模更大
RHP
是对方的1.8倍
$362.7M
净利率更高
RHP
高出21.1%
-10.7%
两年增速更快
VNET
近两年复合增速
4.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $664.6M | $362.7M |
| 净利润 | $69.4M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 20.7% | 0.5% |
| 净利率 | 10.4% | -10.7% |
| 营收同比 | 13.2% | — |
| 净利润同比 | 10.1% | — |
| 每股收益（稀释后） | $1.03 | — |
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RHPVNET
| Q1 26 | $664.6M | — | ||
| Q4 25 | $737.8M | — | ||
| Q3 25 | $592.5M | $362.7M | ||
| Q2 25 | $659.5M | — | ||
| Q1 25 | $587.3M | $309.5M | ||
| Q4 24 | $647.6M | — | ||
| Q3 24 | $550.0M | $302.2M | ||
| Q2 24 | $613.3M | $274.4M |
净利润RHPVNET
| Q1 26 | $69.4M | — | ||
| Q4 25 | $74.5M | — | ||
| Q3 25 | $34.9M | $-38.7M | ||
| Q2 25 | $71.8M | — | ||
| Q1 25 | $63.0M | $-2.4M | ||
| Q4 24 | $72.3M | — | ||
| Q3 24 | $59.0M | $-2.1M | ||
| Q2 24 | $100.8M | $-1.1M |
毛利率RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | — | ||
| Q3 25 | 40.9% | 20.9% | ||
| Q2 25 | 49.7% | — | ||
| Q1 25 | 44.4% | 25.2% | ||
| Q4 24 | 40.4% | — | ||
| Q3 24 | 43.1% | 23.2% | ||
| Q2 24 | 48.4% | 21.3% |
营业利润率RHPVNET
| Q1 26 | 20.7% | — | ||
| Q4 25 | 19.4% | — | ||
| Q3 25 | 15.0% | 0.5% | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 19.8% | 0.1% | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 19.3% | 24.5% | ||
| Q2 24 | 27.4% | 0.2% |
净利率RHPVNET
| Q1 26 | 10.4% | — | ||
| Q4 25 | 10.1% | — | ||
| Q3 25 | 5.9% | -10.7% | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 10.7% | -0.8% | ||
| Q4 24 | 11.2% | — | ||
| Q3 24 | 10.7% | -0.7% | ||
| Q2 24 | 16.4% | -0.4% |
每股收益（稀释后）RHPVNET
| Q1 26 | $1.03 | — | ||
| Q4 25 | $1.12 | — | ||
| Q3 25 | $0.53 | — | ||
| Q2 25 | $1.12 | — | ||
| Q1 25 | $1.00 | — | ||
| Q4 24 | $1.12 | — | ||
| Q3 24 | $0.94 | — | ||
| Q2 24 | $1.65 | — |
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 | — | $492.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $770.8M | $890.8M |
| 总资产 | $6.2B | $6.1B |
| 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RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | $471.4M | — | ||
| Q3 25 | $483.3M | $492.1M | ||
| Q2 25 | $420.6M | — | ||
| Q1 25 | $413.9M | $544.3M | ||
| Q4 24 | $477.7M | — | ||
| Q3 24 | $534.9M | $219.5M | ||
| Q2 24 | $498.4M | $247.2M |
总债务RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — |
股东权益RHPVNET
| Q1 26 | $770.8M | — | ||
| Q4 25 | $750.2M | — | ||
| Q3 25 | $758.5M | $890.8M | ||
| Q2 25 | $800.4M | — | ||
| Q1 25 | $531.5M | $927.8M | ||
| Q4 24 | $549.0M | — | ||
| Q3 24 | $551.9M | $902.9M | ||
| Q2 24 | $562.6M | $900.6M |
总资产RHPVNET
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | $6.1B | ||
| Q2 25 | $6.1B | — | ||
| Q1 25 | $5.2B | $5.4B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.2B | $4.3B | ||
| Q2 24 | $5.1B | $4.0B |
负债/权益比RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | — |
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 | — | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | — | 84.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | $164.7M | — | ||
| Q3 25 | $205.2M | $113.8M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $98.2M | $27.0M | ||
| Q4 24 | $166.6M | — | ||
| Q3 24 | $218.1M | $108.3M | ||
| Q2 24 | $184.3M | $55.8M |
自由现金流RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | $58.5M | — | ||
| Q3 25 | $135.4M | $-193.1M | ||
| Q2 25 | $53.0M | — | ||
| Q1 25 | $-14.5M | $-220.0M | ||
| Q4 24 | $76.0M | — | ||
| Q3 24 | $85.7M | $-95.0M | ||
| Q2 24 | $78.8M | $-81.6M |
自由现金流率RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 22.9% | -53.2% | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | -2.5% | -71.1% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 15.6% | -31.4% | ||
| Q2 24 | 12.9% | -29.8% |
资本支出强度RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | 14.4% | — | ||
| Q3 25 | 11.8% | 84.6% | ||
| Q2 25 | 10.5% | — | ||
| Q1 25 | 19.2% | 79.8% | ||
| Q4 24 | 14.0% | — | ||
| Q3 24 | 24.1% | 67.3% | ||
| Q2 24 | 17.2% | 50.1% |
现金转化率RHPVNET
| Q1 26 | — | — | ||
| Q4 25 | 2.21× | — | ||
| Q3 25 | 5.88× | — | ||
| Q2 25 | 1.71× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 2.30× | — | ||
| Q3 24 | 3.70× | — | ||
| Q2 24 | 1.83× | — |
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
| Food and beverage | $289.3M | 44% |
| Rooms | $223.8M | 34% |
| Entertainment | $79.2M | 12% |
| Other | $72.3M | 11% |
VNET
暂无分部数据
