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Axos Financial, Inc.（AX）与U S PHYSICAL THERAPY INC（USPH）财务数据对比。点击上方公司名可切换其他公司
Axos Financial, Inc.的季度营收约是U S PHYSICAL THERAPY INC的1.9倍（$392.2M vs $202.7M），Axos Financial, Inc.净利率更高（31.8% vs 2.0%，领先29.7%），过去两年Axos Financial, Inc.的营收复合增速更高（16.1% vs 14.1%）
Axos Financial是总部位于美国内华达州拉斯维加斯的银行控股公司，旗下拥有直销银行Axos Bank，同时提供注册投资顾问服务及电子交易平台，深耕数字化金融赛道，可为用户提供多元便捷的金融服务解决方案。
该企业是美国领先的门诊康复服务提供商，运营数百间线下物理治疗门诊，为受伤、术后、慢性疼痛及行动障碍人群提供康复护理，同时覆盖运动医学、职业治疗、儿童康复等特色服务领域。
AX vs USPH — 直观对比
营收规模更大
AX
是对方的1.9倍
$202.7M
净利率更高
AX
高出29.7%
2.0%
两年增速更快
AX
近两年复合增速
14.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $392.2M | $202.7M |
| 净利润 | $124.7M | $4.2M |
| 毛利率 | — | 19.8% |
| 营业利润率 | — | 8.3% |
| 净利率 | 31.8% | 2.0% |
| 营收同比 | — | 12.3% |
| 净利润同比 | 18.5% | -55.1% |
| 每股收益（稀释后） | $2.15 | $-0.44 |
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AXUSPH
| Q1 26 | $392.2M | — | ||
| Q4 25 | $385.1M | $202.7M | ||
| Q3 25 | $323.4M | $197.1M | ||
| Q2 25 | $321.4M | $197.3M | ||
| Q1 25 | $308.8M | $183.8M | ||
| Q4 24 | $307.9M | $180.4M | ||
| Q3 24 | $320.7M | $168.0M | ||
| Q2 24 | $290.9M | $167.2M |
净利润AXUSPH
| Q1 26 | $124.7M | — | ||
| Q4 25 | $128.4M | $4.2M | ||
| Q3 25 | $112.4M | $13.1M | ||
| Q2 25 | $110.7M | $12.4M | ||
| Q1 25 | $105.2M | $9.9M | ||
| Q4 24 | $104.7M | $9.2M | ||
| Q3 24 | $112.3M | $6.6M | ||
| Q2 24 | $104.9M | $7.5M |
毛利率AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 16.9% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 20.3% |
营业利润率AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | 45.6% | 8.3% | ||
| Q3 25 | 46.3% | 12.8% | ||
| Q2 25 | 48.5% | 12.6% | ||
| Q1 25 | 47.9% | 10.7% | ||
| Q4 24 | 48.8% | 10.9% | ||
| Q3 24 | 49.6% | 7.6% | ||
| Q2 24 | 49.6% | 9.3% |
净利率AXUSPH
| Q1 26 | 31.8% | — | ||
| Q4 25 | 33.3% | 2.0% | ||
| Q3 25 | 34.7% | 6.7% | ||
| Q2 25 | 34.4% | 6.3% | ||
| Q1 25 | 34.1% | 5.4% | ||
| Q4 24 | 34.0% | 5.1% | ||
| Q3 24 | 35.0% | 3.9% | ||
| Q2 24 | 36.0% | 4.5% |
每股收益（稀释后）AXUSPH
| Q1 26 | $2.15 | — | ||
| Q4 25 | $2.22 | $-0.44 | ||
| Q3 25 | $1.94 | $0.48 | ||
| Q2 25 | $1.89 | $0.58 | ||
| Q1 25 | $1.81 | $0.80 | ||
| Q4 24 | $1.80 | $0.52 | ||
| Q3 24 | $1.93 | $0.39 | ||
| Q2 24 | $1.75 | $0.47 |
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 | — | $35.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.1B | $476.4M |
| 总资产 | $29.2B | $1.2B |
| 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AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $35.6M | ||
| Q3 25 | $2.6B | $31.1M | ||
| Q2 25 | $1.9B | $34.1M | ||
| Q1 25 | $2.0B | $39.2M | ||
| Q4 24 | $2.4B | $41.4M | ||
| Q3 24 | $2.6B | $117.0M | ||
| Q2 24 | $2.0B | $112.9M |
总债务AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $312.7M | — | ||
| Q1 25 | $377.4M | — | ||
| Q4 24 | $358.7M | — | ||
| Q3 24 | $313.5M | — | ||
| Q2 24 | $325.7M | — |
股东权益AXUSPH
| Q1 26 | $3.1B | — | ||
| Q4 25 | $2.9B | $476.4M | ||
| Q3 25 | $2.8B | $503.6M | ||
| Q2 25 | $2.7B | $500.8M | ||
| Q1 25 | $2.6B | $497.3M | ||
| Q4 24 | $2.5B | $488.9M | ||
| Q3 24 | $2.4B | $482.8M | ||
| Q2 24 | $2.3B | $484.6M |
总资产AXUSPH
| Q1 26 | $29.2B | — | ||
| Q4 25 | $28.2B | $1.2B | ||
| Q3 25 | $27.4B | $1.2B | ||
| Q2 25 | $24.8B | $1.2B | ||
| Q1 25 | $24.0B | $1.2B | ||
| Q4 24 | $23.7B | $1.2B | ||
| Q3 24 | $23.6B | $1.0B | ||
| Q2 24 | $22.9B | $1.0B |
负债/权益比AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — |
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 | — | $24.9M |
| 自由现金流经营现金流 - 资本支出 | — | $21.0M |
| 自由现金流率自由现金流/营收 | — | 10.4% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | — | 6.00× |
| 过去12个月自由现金流最近4个季度 | — | $61.0M |
8季度趋势，按日历期对齐
经营现金流AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $24.9M | ||
| Q3 25 | $118.4M | $19.9M | ||
| Q2 25 | $490.3M | $34.9M | ||
| Q1 25 | $73.7M | $-4.7M | ||
| Q4 24 | $162.5M | $19.4M | ||
| Q3 24 | $70.8M | $22.1M | ||
| Q2 24 | $305.5M | $29.0M |
自由现金流AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | $85.4M | $21.0M | ||
| Q3 25 | $109.3M | $15.6M | ||
| Q2 25 | $436.1M | $31.6M | ||
| Q1 25 | $65.1M | $-7.3M | ||
| Q4 24 | $156.4M | $16.9M | ||
| Q3 24 | $53.0M | $19.6M | ||
| Q2 24 | $269.5M | $26.7M |
自由现金流率AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | 22.2% | 10.4% | ||
| Q3 25 | 33.8% | 7.9% | ||
| Q2 25 | 135.7% | 16.0% | ||
| Q1 25 | 21.1% | -3.9% | ||
| Q4 24 | 50.8% | 9.4% | ||
| Q3 24 | 16.5% | 11.7% | ||
| Q2 24 | 92.6% | 15.9% |
资本支出强度AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 1.9% | ||
| Q3 25 | 2.8% | 2.2% | ||
| Q2 25 | 16.9% | 1.6% | ||
| Q1 25 | 2.8% | 1.4% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 5.5% | 1.5% | ||
| Q2 24 | 12.4% | 1.4% |
现金转化率AXUSPH
| Q1 26 | — | — | ||
| Q4 25 | 0.81× | 6.00× | ||
| Q3 25 | 1.05× | 1.52× | ||
| Q2 25 | 4.43× | 2.81× | ||
| Q1 25 | 0.70× | -0.47× | ||
| Q4 24 | 1.55× | 2.10× | ||
| Q3 24 | 0.63× | 3.34× | ||
| Q2 24 | 2.91× | 3.86× |
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
AX
| Net Interest Income | $306.3M | 78% |
| Noninterest Income | $86.0M | 22% |
USPH
| Net Patient Revenues | $169.7M | 84% |
| Industrial Injury Prevention Services Revenues | $28.9M | 14% |
| Management Contract Revenues | $2.3M | 1% |
