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Addus HomeCare Corp（ADUS）与SUBURBAN PROPANE PARTNERS LP（SPH）财务数据对比。点击上方公司名可切换其他公司
Addus HomeCare Corp的季度营收约是SUBURBAN PROPANE PARTNERS LP的1.0倍（$373.1M vs $370.4M），SUBURBAN PROPANE PARTNERS LP净利率更高（12.4% vs 8.0%，领先4.4%），Addus HomeCare Corp同比增速更快（25.6% vs -0.8%），Addus HomeCare Corp自由现金流更多（$16.1M vs $-67.5M），过去两年Addus HomeCare Corp的营收复合增速更高（15.3% vs -13.8%）
Addus HomeCare Corp是一家总部位于美国的家庭护理服务提供商，主要为老年人、残障人士及慢性病患者提供个人护理、居家健康支持、临终关怀等服务，业务覆盖美国多个州，合作方包括政府支付机构、私营保险公司及个人客户。
Suburban Propane Partners LP是美国领先的丙烷、天然气、取暖油及相关能源产品分销商，服务覆盖住宅、商业、工业、农业等各类客户，同时提供暖通空调系统的安装、维护与维修服务，业务范围遍布全美。
ADUS vs SPH — 直观对比
营收规模更大
ADUS
是对方的1.0倍
$370.4M
营收增速更快
ADUS
高出26.3%
-0.8%
净利率更高
SPH
高出4.4%
8.0%
自由现金流更多
ADUS
多$83.6M
$-67.5M
两年增速更快
ADUS
近两年复合增速
-13.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $373.1M | $370.4M |
| 净利润 | $29.8M | $45.8M |
| 毛利率 | 33.1% | 64.7% |
| 营业利润率 | 11.3% | 18.3% |
| 净利率 | 8.0% | 12.4% |
| 营收同比 | 25.6% | -0.8% |
| 净利润同比 | 52.5% | 135.7% |
| 每股收益（稀释后） | $1.62 | $0.69 |
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ADUSSPH
| Q4 25 | $373.1M | $370.4M | ||
| Q3 25 | $362.3M | $211.4M | ||
| Q2 25 | $349.4M | $260.1M | ||
| Q1 25 | $337.7M | $587.7M | ||
| Q4 24 | $297.1M | $373.3M | ||
| Q3 24 | $289.8M | $208.6M | ||
| Q2 24 | $286.9M | $254.6M | ||
| Q1 24 | $280.7M | $498.1M |
净利润ADUSSPH
| Q4 25 | $29.8M | $45.8M | ||
| Q3 25 | $22.8M | $-35.1M | ||
| Q2 25 | $22.1M | $-14.8M | ||
| Q1 25 | $21.2M | $137.1M | ||
| Q4 24 | $19.5M | $19.4M | ||
| Q3 24 | $20.2M | $-44.6M | ||
| Q2 24 | $18.1M | $-17.2M | ||
| Q1 24 | $15.8M | $111.5M |
毛利率ADUSSPH
| Q4 25 | 33.1% | 64.7% | ||
| Q3 25 | 32.2% | 64.7% | ||
| Q2 25 | 32.6% | 61.7% | ||
| Q1 25 | 31.9% | 58.8% | ||
| Q4 24 | 34.2% | 60.6% | ||
| Q3 24 | 31.8% | 59.4% | ||
| Q2 24 | 32.5% | 62.9% | ||
| Q1 24 | 31.4% | 61.8% |
营业利润率ADUSSPH
| Q4 25 | 11.3% | 18.3% | ||
| Q3 25 | 9.1% | -7.9% | ||
| Q2 25 | 9.4% | 2.1% | ||
| Q1 25 | 9.0% | 27.0% | ||
| Q4 24 | 9.1% | 15.8% | ||
| Q3 24 | 9.0% | -10.8% | ||
| Q2 24 | 9.1% | 3.2% | ||
| Q1 24 | 8.4% | 27.5% |
净利率ADUSSPH
| Q4 25 | 8.0% | 12.4% | ||
| Q3 25 | 6.3% | -16.6% | ||
| Q2 25 | 6.3% | -5.7% | ||
| Q1 25 | 6.3% | 23.3% | ||
| Q4 24 | 6.6% | 5.2% | ||
| Q3 24 | 7.0% | -21.4% | ||
| Q2 24 | 6.3% | -6.8% | ||
| Q1 24 | 5.6% | 22.4% |
每股收益（稀释后）ADUSSPH
| Q4 25 | $1.62 | $0.69 | ||
| Q3 25 | $1.24 | $-0.55 | ||
| Q2 25 | $1.20 | $-0.23 | ||
| Q1 25 | $1.16 | $2.10 | ||
| Q4 24 | $1.06 | $0.30 | ||
| Q3 24 | $1.10 | $-0.69 | ||
| Q2 24 | $1.10 | $-0.27 | ||
| Q1 24 | $0.97 | $1.72 |
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 | — | $1.3M |
| 总债务越低越好 | $121.0M | $1.3B |
| 股东权益账面价值 | $1.1B | — |
| 总资产 | $1.4B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.11× | — |
8季度趋势，按日历期对齐
现金及短期投资ADUSSPH
| Q4 25 | — | $1.3M | ||
| Q3 25 | — | $405.0K | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | $97.0M | $3.9M | ||
| Q4 24 | $98.9M | $4.4M | ||
| Q3 24 | $222.9M | $3.2M | ||
| Q2 24 | $173.3M | $4.9M | ||
| Q1 24 | $76.7M | $4.4M |
总债务ADUSSPH
| Q4 25 | $121.0M | $1.3B | ||
| Q3 25 | $150.6M | $1.2B | ||
| Q2 25 | $169.1M | $1.2B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $218.4M | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益ADUSSPH
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $995.4M | — | ||
| Q4 24 | $970.5M | — | ||
| Q3 24 | $947.6M | — | ||
| Q2 24 | $921.7M | — | ||
| Q1 24 | $725.1M | — |
总资产ADUSSPH
| Q4 25 | $1.4B | $2.4B | ||
| Q3 25 | $1.4B | $2.3B | ||
| Q2 25 | $1.4B | $2.3B | ||
| Q1 25 | $1.4B | $2.4B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.2B | $2.3B | ||
| Q2 24 | $1.1B | $2.3B | ||
| Q1 24 | $1.0B | $2.3B |
负债/权益比ADUSSPH
| Q4 25 | 0.11× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.23× | — | ||
| 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 | $18.8M | $-47.7M |
| 自由现金流经营现金流 - 资本支出 | $16.1M | $-67.5M |
| 自由现金流率自由现金流/营收 | 4.3% | -18.2% |
| 资本支出强度资本支出/营收 | 0.7% | 5.3% |
| 现金转化率经营现金流/净利润 | 0.63× | -1.04× |
| 过去12个月自由现金流最近4个季度 | $103.8M | $61.9M |
8季度趋势，按日历期对齐
经营现金流ADUSSPH
| Q4 25 | $18.8M | $-47.7M | ||
| Q3 25 | $51.3M | $41.8M | ||
| Q2 25 | $22.5M | $95.5M | ||
| Q1 25 | $18.9M | $40.1M | ||
| Q4 24 | $10.4M | $8.8M | ||
| Q3 24 | $48.5M | $36.8M | ||
| Q2 24 | $18.8M | $61.4M | ||
| Q1 24 | $38.7M | $75.1M |
自由现金流ADUSSPH
| Q4 25 | $16.1M | $-67.5M | ||
| Q3 25 | $49.3M | $27.7M | ||
| Q2 25 | $21.3M | $80.9M | ||
| Q1 25 | $17.1M | $20.8M | ||
| Q4 24 | $8.7M | $-15.1M | ||
| Q3 24 | $46.6M | $17.7M | ||
| Q2 24 | $17.7M | $46.8M | ||
| Q1 24 | $37.3M | $60.6M |
自由现金流率ADUSSPH
| Q4 25 | 4.3% | -18.2% | ||
| Q3 25 | 13.6% | 13.1% | ||
| Q2 25 | 6.1% | 31.1% | ||
| Q1 25 | 5.1% | 3.5% | ||
| Q4 24 | 2.9% | -4.0% | ||
| Q3 24 | 16.1% | 8.5% | ||
| Q2 24 | 6.2% | 18.4% | ||
| Q1 24 | 13.3% | 12.2% |
资本支出强度ADUSSPH
| Q4 25 | 0.7% | 5.3% | ||
| Q3 25 | 0.5% | 6.7% | ||
| Q2 25 | 0.4% | 5.6% | ||
| Q1 25 | 0.6% | 3.3% | ||
| Q4 24 | 0.6% | 6.4% | ||
| Q3 24 | 0.7% | 9.1% | ||
| Q2 24 | 0.4% | 5.8% | ||
| Q1 24 | 0.5% | 2.9% |
现金转化率ADUSSPH
| Q4 25 | 0.63× | -1.04× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 0.89× | 0.29× | ||
| Q4 24 | 0.53× | 0.45× | ||
| Q3 24 | 2.41× | — | ||
| Q2 24 | 1.04× | — | ||
| Q1 24 | 2.44× | 0.67× |
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
ADUS
| Personal Care | $286.0M | 77% |
| Hospice | $70.0M | 19% |
| Home Health | $17.1M | 5% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
