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百特国际（BAX）与Steris（STE）财务数据对比。点击上方公司名可切换其他公司
百特国际的季度营收约是Steris的2.0倍（$3.0B vs $1.5B），Steris净利率更高（12.9% vs -37.9%，领先50.8%），百特国际同比增速更快（458.0% vs 9.2%），过去两年Steris的营收复合增速更高（15.8% vs -9.0%）
百特国际是总部位于美国伊利诺伊州迪尔菲尔德的跨国医疗健康企业，业务布局覆盖全球众多市场，专注于研发、生产及销售各类医疗相关产品与解决方案，为全球医疗机构和患者提供专业可靠的医疗支持。
Steris plc是一家美爱合资的医疗设备企业，专注于为美国医疗体系提供灭菌服务及外科手术相关产品。其实际运营总部位于美国俄亥俄州门托市，深耕医疗消毒、感染防控、手术耗材等领域，为医疗机构提供专业可靠的医疗解决方案。
BAX vs STE — 直观对比
营收规模更大
BAX
是对方的2.0倍
$1.5B
营收增速更快
BAX
高出448.8%
9.2%
净利率更高
STE
高出50.8%
-37.9%
两年增速更快
STE
近两年复合增速
-9.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.0B | $1.5B |
| 净利润 | $-1.1B | $192.9M |
| 毛利率 | 19.4% | 43.8% |
| 营业利润率 | -24.5% | 18.3% |
| 净利率 | -37.9% | 12.9% |
| 营收同比 | 458.0% | 9.2% |
| 净利润同比 | -120.3% | 11.2% |
| 每股收益（稀释后） | $-2.21 | $1.96 |
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BAXSTE
| Q4 25 | $3.0B | $1.5B | ||
| Q3 25 | $2.8B | $1.5B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $533.0M | $1.4B | ||
| Q3 24 | $2.7B | $1.3B | ||
| Q2 24 | $3.8B | $1.3B | ||
| Q1 24 | $3.6B | $1.1B |
净利润BAXSTE
| Q4 25 | $-1.1B | $192.9M | ||
| Q3 25 | $-46.0M | $191.9M | ||
| Q2 25 | $91.0M | $177.4M | ||
| Q1 25 | $126.0M | $145.7M | ||
| Q4 24 | $-512.0M | $173.5M | ||
| Q3 24 | $140.0M | $150.0M | ||
| Q2 24 | $-314.0M | $145.4M | ||
| Q1 24 | $37.0M | $-1.4M |
毛利率BAXSTE
| Q4 25 | 19.4% | 43.8% | ||
| Q3 25 | 33.5% | 44.2% | ||
| Q2 25 | 35.3% | 45.1% | ||
| Q1 25 | 32.8% | 43.3% | ||
| Q4 24 | 25.0% | 44.5% | ||
| Q3 24 | 38.3% | 43.6% | ||
| Q2 24 | 37.5% | 44.7% | ||
| Q1 24 | 38.6% | 40.2% |
营业利润率BAXSTE
| Q4 25 | -24.5% | 18.3% | ||
| Q3 25 | 6.1% | 18.2% | ||
| Q2 25 | 6.8% | 17.7% | ||
| Q1 25 | 2.2% | 14.6% | ||
| Q4 24 | -25.5% | 17.9% | ||
| Q3 24 | 5.7% | 16.5% | ||
| Q2 24 | -5.0% | 14.5% | ||
| Q1 24 | 5.2% | 22.0% |
净利率BAXSTE
| Q4 25 | -37.9% | 12.9% | ||
| Q3 25 | -1.6% | 13.1% | ||
| Q2 25 | 3.2% | 12.8% | ||
| Q1 25 | 4.8% | 9.8% | ||
| Q4 24 | -96.1% | 12.7% | ||
| Q3 24 | 5.2% | 11.3% | ||
| Q2 24 | -8.2% | 11.4% | ||
| Q1 24 | 1.0% | -0.1% |
每股收益（稀释后）BAXSTE
| Q4 25 | $-2.21 | $1.96 | ||
| Q3 25 | $-0.09 | $1.94 | ||
| Q2 25 | $0.18 | $1.79 | ||
| Q1 25 | $0.25 | $1.48 | ||
| Q4 24 | $-0.99 | $1.75 | ||
| Q3 24 | $0.27 | $1.51 | ||
| Q2 24 | $-0.62 | $1.46 | ||
| Q1 24 | $0.07 | $-0.02 |
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 | $2.0B | $423.7M |
| 总债务越低越好 | $9.5B | $1.9B |
| 股东权益账面价值 | $6.1B | $7.2B |
| 总资产 | $20.1B | $10.6B |
| 负债/权益比越低杠杆越低 | 1.55× | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资BAXSTE
| Q4 25 | $2.0B | $423.7M | ||
| Q3 25 | $1.7B | $319.2M | ||
| Q2 25 | $1.7B | $279.7M | ||
| Q1 25 | $2.3B | $171.7M | ||
| Q4 24 | $1.8B | $155.2M | ||
| Q3 24 | $1.4B | $172.2M | ||
| Q2 24 | $2.1B | $198.3M | ||
| Q1 24 | $3.0B | $207.0M |
总债务BAXSTE
| Q4 25 | $9.5B | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $10.4B | $2.0B | ||
| Q3 24 | $10.4B | $2.2B | ||
| Q2 24 | $10.4B | $2.2B | ||
| Q1 24 | $11.1B | $3.1B |
股东权益BAXSTE
| Q4 25 | $6.1B | $7.2B | ||
| Q3 25 | $7.2B | $7.0B | ||
| Q2 25 | $7.3B | $7.0B | ||
| Q1 25 | $7.1B | $6.6B | ||
| Q4 24 | $7.0B | $6.4B | ||
| Q3 24 | $7.9B | $6.6B | ||
| Q2 24 | $7.6B | $6.4B | ||
| Q1 24 | $8.2B | $6.3B |
总资产BAXSTE
| Q4 25 | $20.1B | $10.6B | ||
| Q3 25 | $21.1B | $10.4B | ||
| Q2 25 | $21.0B | $10.4B | ||
| Q1 25 | $21.3B | $10.1B | ||
| Q4 24 | $25.8B | $10.0B | ||
| Q3 24 | $26.7B | $10.2B | ||
| Q2 24 | $26.3B | $10.1B | ||
| Q1 24 | $27.8B | $11.1B |
负债/权益比BAXSTE
| Q4 25 | 1.55× | 0.27× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.27× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 1.49× | 0.32× | ||
| Q3 24 | 1.33× | 0.33× | ||
| Q2 24 | 1.37× | 0.35× | ||
| Q1 24 | 1.36× | 0.50× |
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 | $584.0M | $298.2M |
| 自由现金流经营现金流 - 资本支出 | — | $199.5M |
| 自由现金流率自由现金流/营收 | — | 13.3% |
| 资本支出强度资本支出/营收 | — | 6.6% |
| 现金转化率经营现金流/净利润 | — | 1.55× |
| 过去12个月自由现金流最近4个季度 | — | $917.1M |
8季度趋势，按日历期对齐
经营现金流BAXSTE
| Q4 25 | $584.0M | $298.2M | ||
| Q3 25 | $237.0M | $287.8M | ||
| Q2 25 | $217.0M | $420.0M | ||
| Q1 25 | $-193.0M | $260.8M | ||
| Q4 24 | $488.0M | $332.8M | ||
| Q3 24 | $253.0M | $250.7M | ||
| Q2 24 | $115.0M | $303.7M | ||
| Q1 24 | $163.0M | $254.8M |
自由现金流BAXSTE
| Q4 25 | — | $199.5M | ||
| Q3 25 | — | $201.3M | ||
| Q2 25 | — | $326.4M | ||
| Q1 25 | — | $189.9M | ||
| Q4 24 | — | $243.6M | ||
| Q3 24 | — | $148.8M | ||
| Q2 24 | — | $195.7M | ||
| Q1 24 | — | $163.3M |
自由现金流率BAXSTE
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 12.8% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | 15.3% | ||
| Q1 24 | — | 14.6% |
资本支出强度BAXSTE
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 8.2% |
现金转化率BAXSTE
| Q4 25 | — | 1.55× | ||
| Q3 25 | — | 1.50× | ||
| Q2 25 | 2.38× | 2.37× | ||
| Q1 25 | -1.53× | 1.79× | ||
| Q4 24 | — | 1.92× | ||
| Q3 24 | 1.81× | 1.67× | ||
| Q2 24 | — | 2.09× | ||
| Q1 24 | 4.41× | — |
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
BAX
| Other | $1.5B | 51% |
| Infusion Therapies And Technologies | $543.0M | 18% |
| Pharmaceutical Compounding | $316.0M | 11% |
| Front Line Care | $219.0M | 7% |
| Injectables And Anesthesia | $190.0M | 6% |
| Advanced Surgery | $177.0M | 6% |
STE
| Servicerevenues | $404.7M | 27% |
| Consumablerevenues | $387.1M | 26% |
| Applied Sterilization Technologies | $286.6M | 19% |
| Capitalequipmentrevenues | $272.1M | 18% |
| Life Science | $145.8M | 10% |
