vs
永利度假村有限公司（RRR）与Soho House & Co Inc.（SHCO）财务数据对比。点击上方公司名可切换其他公司
永利度假村有限公司的季度营收约是Soho House & Co Inc.的1.4倍（$511.8M vs $370.8M），永利度假村有限公司净利率更高（8.7% vs -5.0%，领先13.8%），Soho House & Co Inc.同比增速更快（11.2% vs 3.2%），永利度假村有限公司自由现金流更多（$77.7M vs $3.5M），过去两年Soho House & Co Inc.的营收复合增速更高（13.5% vs 2.3%）
永利度假村有限公司是总部位于美国内华达州帕拉代斯的上市企业，专注于高端酒店与赌场的开发及运营。公司由前梦幻度假村集团董事长兼首席执行官史蒂夫·永利于2002年创立，现任首席执行官为克雷格·比林斯，截至2020年共开发了6处物业。
Soho House & Co Inc.是面向媒体、艺术及时尚领域从业者的国际私人会员俱乐部，主打为创意产业相关人群提供专属社交、休闲与资源对接空间，在全球多个核心城市布局线下据点，服务注重圈层属性与文化氛围的高端用户群体。
RRR vs SHCO — 直观对比
营收规模更大
RRR
是对方的1.4倍
$370.8M
营收增速更快
SHCO
高出8.0%
3.2%
净利率更高
RRR
高出13.8%
-5.0%
自由现金流更多
RRR
多$74.2M
$3.5M
两年增速更快
SHCO
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $511.8M | $370.8M |
| 净利润 | $44.7M | $-18.7M |
| 毛利率 | — | — |
| 营业利润率 | 28.1% | -1.6% |
| 净利率 | 8.7% | -5.0% |
| 营收同比 | 3.2% | 11.2% |
| 净利润同比 | -4.1% | -10790.3% |
| 每股收益（稀释后） | $0.74 | $-0.10 |
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RRRSHCO
| Q4 25 | $511.8M | — | ||
| Q3 25 | $475.6M | $370.8M | ||
| Q2 25 | $526.3M | $329.8M | ||
| Q1 25 | $497.9M | $282.9M | ||
| Q4 24 | $495.7M | $305.6M | ||
| Q3 24 | $468.0M | $333.4M | ||
| Q2 24 | $486.4M | $302.9M | ||
| Q1 24 | $488.9M | $261.9M |
净利润RRRSHCO
| Q4 25 | $44.7M | — | ||
| Q3 25 | $42.3M | $-18.7M | ||
| Q2 25 | $56.4M | $24.9M | ||
| Q1 25 | $44.7M | $8.2M | ||
| Q4 24 | $46.6M | $-91.7M | ||
| Q3 24 | $29.0M | $175.0K | ||
| Q2 24 | $35.7M | $-29.9M | ||
| Q1 24 | $42.8M | $-41.6M |
营业利润率RRRSHCO
| Q4 25 | 28.1% | — | ||
| Q3 25 | 27.6% | -1.6% | ||
| Q2 25 | 31.9% | 18.1% | ||
| Q1 25 | 31.0% | 12.3% | ||
| Q4 24 | 28.7% | -23.1% | ||
| Q3 24 | 27.9% | 11.4% | ||
| Q2 24 | 28.8% | -4.3% | ||
| Q1 24 | 31.8% | -9.3% |
净利率RRRSHCO
| Q4 25 | 8.7% | — | ||
| Q3 25 | 8.9% | -5.0% | ||
| Q2 25 | 10.7% | 7.5% | ||
| Q1 25 | 9.0% | 2.9% | ||
| Q4 24 | 9.4% | -30.0% | ||
| Q3 24 | 6.2% | 0.1% | ||
| Q2 24 | 7.3% | -9.9% | ||
| Q1 24 | 8.8% | -15.9% |
每股收益（稀释后）RRRSHCO
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.68 | $-0.10 | ||
| Q2 25 | $0.95 | $0.13 | ||
| Q1 25 | $0.75 | $0.04 | ||
| Q4 24 | $0.78 | $-0.48 | ||
| Q3 24 | $0.48 | $0.00 | ||
| Q2 24 | $0.59 | $-0.15 | ||
| Q1 24 | $0.68 | $-0.21 |
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 | $142.5M | $142.5M |
| 总债务越低越好 | $3.4B | $735.8M |
| 股东权益账面价值 | $208.3M | $-351.6M |
| 总资产 | $4.2B | $2.7B |
| 负债/权益比越低杠杆越低 | 16.30× | — |
8季度趋势，按日历期对齐
现金及短期投资RRRSHCO
| Q4 25 | $142.5M | — | ||
| Q3 25 | $129.8M | $142.5M | ||
| Q2 25 | $145.2M | $150.3M | ||
| Q1 25 | $150.6M | $150.1M | ||
| Q4 24 | $164.4M | $152.7M | ||
| Q3 24 | $117.5M | $142.8M | ||
| Q2 24 | $136.4M | $148.5M | ||
| Q1 24 | $129.7M | $139.8M |
总债务RRRSHCO
| Q4 25 | $3.4B | — | ||
| Q3 25 | — | $735.8M | ||
| Q2 25 | — | $729.8M | ||
| Q1 25 | — | $705.1M | ||
| Q4 24 | $3.4B | $691.5M | ||
| Q3 24 | — | $694.8M | ||
| Q2 24 | — | $682.1M | ||
| Q1 24 | — | $671.7M |
股东权益RRRSHCO
| Q4 25 | $208.3M | — | ||
| Q3 25 | $219.6M | $-351.6M | ||
| Q2 25 | $203.4M | $-348.6M | ||
| Q1 25 | $247.1M | $-340.1M | ||
| Q4 24 | $215.1M | $-335.1M | ||
| Q3 24 | $175.5M | $-279.4M | ||
| Q2 24 | $159.0M | $-231.7M | ||
| Q1 24 | $135.2M | $-193.0M |
总资产RRRSHCO
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.1B | $2.7B | ||
| Q2 25 | $4.0B | $2.6B | ||
| Q1 25 | $4.1B | $2.5B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $4.0B | $2.6B | ||
| Q2 24 | $4.0B | $2.6B | ||
| Q1 24 | $4.0B | $2.5B |
负债/权益比RRRSHCO
| Q4 25 | 16.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.84× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $156.6M | $34.9M |
| 自由现金流经营现金流 - 资本支出 | $77.7M | $3.5M |
| 自由现金流率自由现金流/营收 | 15.2% | 0.9% |
| 资本支出强度资本支出/营收 | 15.4% | 8.5% |
| 现金转化率经营现金流/净利润 | 3.51× | — |
| 过去12个月自由现金流最近4个季度 | $290.5M | $41.9M |
8季度趋势，按日历期对齐
经营现金流RRRSHCO
| Q4 25 | $156.6M | — | ||
| Q3 25 | $168.3M | $34.9M | ||
| Q2 25 | $158.4M | $41.0M | ||
| Q1 25 | $126.2M | $22.8M | ||
| Q4 24 | $148.2M | $26.9M | ||
| Q3 24 | $131.0M | $20.6M | ||
| Q2 24 | $142.5M | $36.0M | ||
| Q1 24 | $126.5M | $6.2M |
自由现金流RRRSHCO
| Q4 25 | $77.7M | — | ||
| Q3 25 | $74.6M | $3.5M | ||
| Q2 25 | $80.3M | $12.4M | ||
| Q1 25 | $58.0M | $7.5M | ||
| Q4 24 | $121.4M | $18.5M | ||
| Q3 24 | $50.7M | $10.3M | ||
| Q2 24 | $64.0M | $10.2M | ||
| Q1 24 | $28.4M | $-13.5M |
自由现金流率RRRSHCO
| Q4 25 | 15.2% | — | ||
| Q3 25 | 15.7% | 0.9% | ||
| Q2 25 | 15.3% | 3.8% | ||
| Q1 25 | 11.6% | 2.7% | ||
| Q4 24 | 24.5% | 6.1% | ||
| Q3 24 | 10.8% | 3.1% | ||
| Q2 24 | 13.1% | 3.4% | ||
| Q1 24 | 5.8% | -5.2% |
资本支出强度RRRSHCO
| Q4 25 | 15.4% | — | ||
| Q3 25 | 19.7% | 8.5% | ||
| Q2 25 | 14.9% | 8.7% | ||
| Q1 25 | 13.7% | 5.4% | ||
| Q4 24 | 5.4% | 2.7% | ||
| Q3 24 | 17.2% | 3.1% | ||
| Q2 24 | 16.2% | 8.5% | ||
| Q1 24 | 20.1% | 7.5% |
现金转化率RRRSHCO
| Q4 25 | 3.51× | — | ||
| Q3 25 | 3.98× | — | ||
| Q2 25 | 2.81× | 1.65× | ||
| Q1 25 | 2.82× | 2.79× | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 4.53× | 117.70× | ||
| Q2 24 | 4.00× | — | ||
| Q1 24 | 2.95× | — |
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
RRR
| Casino | $343.0M | 67% |
| Food And Beverage | $93.3M | 18% |
| Occupancy | $47.2M | 9% |
| Hotel Other | $24.6M | 5% |
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
