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Butterfly Network, Inc.（BFLY）与通用电气医疗（GEHC）财务数据对比。点击上方公司名可切换其他公司
通用电气医疗的季度营收约是Butterfly Network, Inc.的180.8倍（$5.7B vs $31.5M）。通用电气医疗净利率更高（10.3% vs -48.5%，领先58.8%）。Butterfly Network, Inc.同比增速更快（41.0% vs 7.1%）。过去两年Butterfly Network, Inc.的营收复合增速更高（33.6% vs 10.7%）
Butterfly Network是一家数字医疗企业，主营基于半导体技术的高性价比便携式全身超声设备，产品服务于临床医护人员、医疗机构及居家护理用户，致力于提升全球医疗资源匮乏地区的医学影像可及性。
通用电气医疗是总部位于美国伊利诺伊州芝加哥的医疗科技企业，旗下设四大业务板块：医学影像（含分子成像、CT、核磁共振、女性健康筛查、X射线系统）、超声、患者护理解决方案（聚焦远程患者监测、麻醉呼吸护理、心脏病诊断、婴幼儿照护）及制药诊断业务。
BFLY vs GEHC — 直观对比
营收规模更大
GEHC
是对方的180.8倍
$31.5M
营收增速更快
BFLY
高出33.9%
7.1%
净利率更高
GEHC
高出58.8%
-48.5%
两年增速更快
BFLY
近两年复合增速
10.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $31.5M | $5.7B |
| 净利润 | $-15.3M | $588.0M |
| 毛利率 | 67.3% | 39.7% |
| 营业利润率 | -53.0% | 14.5% |
| 净利率 | -48.5% | 10.3% |
| 营收同比 | 41.0% | 7.1% |
| 净利润同比 | 15.5% | -18.4% |
| 每股收益（稀释后） | $-0.06 | $1.28 |
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BFLYGEHC
| Q4 25 | $31.5M | $5.7B | ||
| Q3 25 | $21.5M | $5.1B | ||
| Q2 25 | $23.4M | $5.0B | ||
| Q1 25 | $21.2M | $4.8B | ||
| Q4 24 | $22.4M | $5.3B | ||
| Q3 24 | $20.6M | $4.9B | ||
| Q2 24 | $21.5M | $4.8B | ||
| Q1 24 | $17.7M | $4.7B |
净利润BFLYGEHC
| Q4 25 | $-15.3M | $588.0M | ||
| Q3 25 | $-34.0M | $446.0M | ||
| Q2 25 | $-13.8M | $486.0M | ||
| Q1 25 | $-14.0M | $564.0M | ||
| Q4 24 | $-18.1M | $721.0M | ||
| Q3 24 | $-16.9M | $470.0M | ||
| Q2 24 | $-15.7M | $428.0M | ||
| Q1 24 | $-21.8M | $374.0M |
毛利率BFLYGEHC
| Q4 25 | 67.3% | 39.7% | ||
| Q3 25 | -17.5% | 38.7% | ||
| Q2 25 | 63.7% | 39.6% | ||
| Q1 25 | 63.0% | 42.1% | ||
| Q4 24 | 61.5% | 42.8% | ||
| Q3 24 | 59.5% | 41.7% | ||
| Q2 24 | 58.6% | 41.4% | ||
| Q1 24 | 58.2% | 40.9% |
营业利润率BFLYGEHC
| Q4 25 | -53.0% | 14.5% | ||
| Q3 25 | -163.5% | 12.7% | ||
| Q2 25 | -68.9% | 13.1% | ||
| Q1 25 | -87.0% | 13.2% | ||
| Q4 24 | -77.5% | 15.1% | ||
| Q3 24 | -83.9% | 13.9% | ||
| Q2 24 | -80.2% | 12.6% | ||
| Q1 24 | -128.1% | 11.6% |
净利率BFLYGEHC
| Q4 25 | -48.5% | 10.3% | ||
| Q3 25 | -158.1% | 8.7% | ||
| Q2 25 | -59.2% | 9.7% | ||
| Q1 25 | -65.8% | 11.8% | ||
| Q4 24 | -81.0% | 13.6% | ||
| Q3 24 | -82.3% | 9.7% | ||
| Q2 24 | -73.1% | 8.8% | ||
| Q1 24 | -123.2% | 8.0% |
每股收益（稀释后）BFLYGEHC
| Q4 25 | $-0.06 | $1.28 | ||
| Q3 25 | $-0.13 | $0.98 | ||
| Q2 25 | $-0.06 | $1.06 | ||
| Q1 25 | $-0.06 | $1.23 | ||
| Q4 24 | $-0.09 | $1.58 | ||
| Q3 24 | $-0.08 | $1.02 | ||
| Q2 24 | $-0.07 | $0.93 | ||
| Q1 24 | $-0.10 | $0.81 |
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 | $150.5M | $4.5B |
| 总债务越低越好 | — | $10.0B |
| 股东权益账面价值 | $196.0M | $10.4B |
| 总资产 | $296.5M | $36.9B |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资BFLYGEHC
| Q4 25 | $150.5M | $4.5B | ||
| Q3 25 | $144.2M | $4.0B | ||
| Q2 25 | $148.1M | $3.7B | ||
| Q1 25 | $155.2M | $2.5B | ||
| Q4 24 | $88.8M | $2.9B | ||
| Q3 24 | $93.8M | $3.5B | ||
| Q2 24 | $102.1M | $2.0B | ||
| Q1 24 | $112.7M | $2.6B |
总债务BFLYGEHC
| Q4 25 | — | $10.0B | ||
| Q3 25 | — | $10.3B | ||
| Q2 25 | — | $10.3B | ||
| Q1 25 | — | $8.8B | ||
| Q4 24 | — | $9.0B | ||
| Q3 24 | — | $10.3B | ||
| Q2 24 | — | $9.2B | ||
| Q1 24 | — | $9.3B |
股东权益BFLYGEHC
| Q4 25 | $196.0M | $10.4B | ||
| Q3 25 | $203.8M | $10.0B | ||
| Q2 25 | $232.8M | $9.7B | ||
| Q1 25 | $239.7M | $9.2B | ||
| Q4 24 | $168.8M | $8.4B | ||
| Q3 24 | $181.8M | $8.3B | ||
| Q2 24 | $194.3M | $7.8B | ||
| Q1 24 | $204.0M | $7.4B |
总资产BFLYGEHC
| Q4 25 | $296.5M | $36.9B | ||
| Q3 25 | $290.0M | $36.1B | ||
| Q2 25 | $313.3M | $35.5B | ||
| Q1 25 | $318.4M | $33.6B | ||
| Q4 24 | $256.1M | $33.1B | ||
| Q3 24 | $265.3M | $33.9B | ||
| Q2 24 | $273.1M | $31.9B | ||
| Q1 24 | $284.3M | $32.2B |
负债/权益比BFLYGEHC
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.06× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | 1.25× |
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 | $9.0M | — |
| 自由现金流经营现金流 - 资本支出 | $7.9M | — |
| 自由现金流率自由现金流/营收 | 25.2% | — |
| 资本支出强度资本支出/营收 | 3.4% | 2.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-16.0M | — |
8季度趋势，按日历期对齐
经营现金流BFLYGEHC
| Q4 25 | $9.0M | — | ||
| Q3 25 | $-2.9M | — | ||
| Q2 25 | $-7.2M | $94.0M | ||
| Q1 25 | $-11.7M | $250.0M | ||
| Q4 24 | $-3.1M | — | ||
| Q3 24 | $-7.9M | — | ||
| Q2 24 | $-10.0M | $-119.0M | ||
| Q1 24 | $-20.7M | $419.0M |
自由现金流BFLYGEHC
| Q4 25 | $7.9M | — | ||
| Q3 25 | $-3.9M | — | ||
| Q2 25 | $-8.1M | $8.0M | ||
| Q1 25 | $-12.0M | $98.0M | ||
| Q4 24 | $-3.5M | — | ||
| Q3 24 | $-8.3M | — | ||
| Q2 24 | $-10.7M | $-183.0M | ||
| Q1 24 | $-21.8M | $274.0M |
自由现金流率BFLYGEHC
| Q4 25 | 25.2% | — | ||
| Q3 25 | -18.2% | — | ||
| Q2 25 | -34.5% | 0.2% | ||
| Q1 25 | -56.7% | 2.1% | ||
| Q4 24 | -15.8% | — | ||
| Q3 24 | -40.5% | — | ||
| Q2 24 | -50.0% | -3.8% | ||
| Q1 24 | -123.5% | 5.9% |
资本支出强度BFLYGEHC
| Q4 25 | 3.4% | 2.4% | ||
| Q3 25 | 4.7% | 2.1% | ||
| Q2 25 | 3.8% | 1.7% | ||
| Q1 25 | 1.7% | 3.2% | ||
| Q4 24 | 1.8% | 1.9% | ||
| Q3 24 | 2.0% | 1.9% | ||
| Q2 24 | 3.4% | 1.3% | ||
| Q1 24 | 6.4% | 3.1% |
现金转化率BFLYGEHC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.28× | ||
| Q1 24 | — | 1.12× |
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
BFLY
| Products | $18.1M | 57% |
| Software And Other Services | $13.4M | 43% |
GEHC
| Imaging Segment | $2.6B | 45% |
| PCS Segment | $824.0M | 14% |
| P Dx Segment | $790.0M | 14% |
| Specialized Ultrasound Subsegment | $735.0M | 13% |
| Monitoring Solutions Subsegment | $578.0M | 10% |
| Life Support Solutions Subsegment | $247.0M | 4% |
