vs
Ardent Health, Inc.（ARDT）与Surgery Partners, Inc.（SGRY）财务数据对比。点击上方公司名可切换其他公司
Ardent Health, Inc.的季度营收约是Surgery Partners, Inc.的1.8倍（$1.6B vs $885.0M）。Ardent Health, Inc.净利率更高（2.8% vs -1.7%，领先4.5%）
Goodlife Health Clubs是一家健身俱乐部连锁品牌，在澳大利亚拥有超过80家门店，是当地颇具规模的健身服务提供商，为消费者提供专业的健身场地、器械及相关健身体验服务。
Surgery Partners, Inc.（NASDAQ代码：SGRY）旗下的United Surgical Partners International（USPI）是美国领先的日间手术护理服务商，总部位于得克萨斯州达拉斯，由唐·斯廷于1998年创立，专注于为患者提供便捷、高效的门诊外科医疗服务，运营多家合规手术中心，覆盖美国多地医疗需求场景。
ARDT vs SGRY — 直观对比
营收规模更大
ARDT
是对方的1.8倍
$885.0M
净利率更高
ARDT
高出4.5%
-1.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $885.0M |
| 净利润 | $45.0M | $-15.0M |
| 毛利率 | — | — |
| 营业利润率 | 5.8% | 12.5% |
| 净利率 | 2.8% | -1.7% |
| 营收同比 | — | 2.4% |
| 净利润同比 | — | 86.2% |
| 每股收益（稀释后） | $0.32 | $-0.11 |
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ARDTSGRY
| Q4 25 | $1.6B | $885.0M | ||
| Q3 25 | $1.6B | $821.5M | ||
| Q2 25 | $1.6B | $826.2M | ||
| Q1 25 | $1.5B | $776.0M | ||
| Q4 24 | — | $864.4M | ||
| Q3 24 | $1.4B | $770.4M | ||
| Q2 24 | $1.5B | $762.1M | ||
| Q1 24 | — | $717.4M |
净利润ARDTSGRY
| Q4 25 | $45.0M | $-15.0M | ||
| Q3 25 | $-23.5M | $-22.7M | ||
| Q2 25 | $73.0M | $-2.5M | ||
| Q1 25 | $41.4M | $-37.7M | ||
| Q4 24 | — | $-108.5M | ||
| Q3 24 | $26.3M | $-31.7M | ||
| Q2 24 | $42.8M | $-15.5M | ||
| Q1 24 | — | $-12.4M |
营业利润率ARDTSGRY
| Q4 25 | 5.8% | 12.5% | ||
| Q3 25 | -0.1% | 12.9% | ||
| Q2 25 | 7.4% | 13.5% | ||
| Q1 25 | 5.0% | 8.0% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 3.9% | 7.9% | ||
| Q2 24 | 5.6% | 11.1% | ||
| Q1 24 | — | 10.6% |
净利率ARDTSGRY
| Q4 25 | 2.8% | -1.7% | ||
| Q3 25 | -1.5% | -2.8% | ||
| Q2 25 | 4.4% | -0.3% | ||
| Q1 25 | 2.8% | -4.9% | ||
| Q4 24 | — | -12.6% | ||
| Q3 24 | 1.8% | -4.1% | ||
| Q2 24 | 2.9% | -2.0% | ||
| Q1 24 | — | -1.7% |
每股收益（稀释后）ARDTSGRY
| Q4 25 | $0.32 | $-0.11 | ||
| Q3 25 | $-0.17 | $-0.18 | ||
| Q2 25 | $0.52 | $-0.02 | ||
| Q1 25 | $0.29 | $-0.30 | ||
| Q4 24 | — | $-0.86 | ||
| Q3 24 | $0.19 | $-0.25 | ||
| Q2 24 | $0.34 | $-0.12 | ||
| Q1 24 | — | $-0.10 |
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 | $709.6M | $239.9M |
| 总债务越低越好 | $1.1B | $3.6B |
| 股东权益账面价值 | $1.3B | $1.7B |
| 总资产 | $5.3B | $8.1B |
| 负债/权益比越低杠杆越低 | 0.84× | 2.10× |
8季度趋势，按日历期对齐
现金及短期投资ARDTSGRY
| Q4 25 | $709.6M | $239.9M | ||
| Q3 25 | $609.4M | $203.4M | ||
| Q2 25 | $540.6M | $250.1M | ||
| Q1 25 | $495.0M | $229.3M | ||
| Q4 24 | — | $269.5M | ||
| Q3 24 | $563.1M | $221.8M | ||
| Q2 24 | $334.5M | $213.5M | ||
| Q1 24 | — | $185.2M |
总债务ARDTSGRY
| Q4 25 | $1.1B | $3.6B | ||
| Q3 25 | $1.1B | $3.5B | ||
| Q2 25 | $1.1B | $3.5B | ||
| Q1 25 | $1.1B | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | — | $2.8B |
股东权益ARDTSGRY
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $1.0B | $1.9B | ||
| Q2 24 | $739.9M | $2.0B | ||
| Q1 24 | — | $2.0B |
总资产ARDTSGRY
| Q4 25 | $5.3B | $8.1B | ||
| Q3 25 | $5.2B | $7.9B | ||
| Q2 25 | $5.0B | $8.0B | ||
| Q1 25 | $4.9B | $7.9B | ||
| Q4 24 | — | $7.9B | ||
| Q3 24 | $4.8B | $7.5B | ||
| Q2 24 | $4.6B | $7.5B | ||
| Q1 24 | — | $7.0B |
负债/权益比ARDTSGRY
| Q4 25 | 0.84× | 2.10× | ||
| Q3 25 | 0.88× | 2.00× | ||
| Q2 25 | 0.87× | 1.98× | ||
| Q1 25 | 0.93× | 1.98× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | 1.08× | 1.63× | ||
| Q2 24 | 1.46× | 1.56× | ||
| Q1 24 | — | 1.42× |
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 | $223.4M | $103.4M |
| 自由现金流经营现金流 - 资本支出 | — | $90.6M |
| 自由现金流率自由现金流/营收 | — | 10.2% |
| 资本支出强度资本支出/营收 | — | 1.4% |
| 现金转化率经营现金流/净利润 | 4.97× | — |
| 过去12个月自由现金流最近4个季度 | — | $195.6M |
8季度趋势，按日历期对齐
经营现金流ARDTSGRY
| Q4 25 | $223.4M | $103.4M | ||
| Q3 25 | $154.4M | $83.6M | ||
| Q2 25 | $117.5M | $81.3M | ||
| Q1 25 | $-24.8M | $6.0M | ||
| Q4 24 | — | $111.4M | ||
| Q3 24 | $89.7M | $65.2M | ||
| Q2 24 | — | $82.8M | ||
| Q1 24 | — | $40.7M |
自由现金流ARDTSGRY
| Q4 25 | — | $90.6M | ||
| Q3 25 | — | $63.8M | ||
| Q2 25 | — | $57.9M | ||
| Q1 25 | — | $-16.7M | ||
| Q4 24 | — | $89.1M | ||
| Q3 24 | — | $45.0M | ||
| Q2 24 | — | $55.9M | ||
| Q1 24 | — | $19.7M |
自由现金流率ARDTSGRY
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -2.2% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | 2.7% |
资本支出强度ARDTSGRY
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 2.4% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 2.9% |
现金转化率ARDTSGRY
| Q4 25 | 4.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | -0.60× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.41× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ARDT
暂无分部数据
SGRY
| Private Insurance | $460.5M | 52% |
| Government Revenue | $368.6M | 42% |
| Other | $19.8M | 2% |
| Self Pay Revenue | $19.6M | 2% |
| Other Patient Service Revenue Sources | $16.5M | 2% |
