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PATHWARD FINANCIAL, INC.（CASH）与NATIONAL HEALTHCARE CORP（NHC）财务数据对比。点击上方公司名可切换其他公司
NATIONAL HEALTHCARE CORP的季度营收约是PATHWARD FINANCIAL, INC.的1.4倍（$386.5M vs $276.3M），PATHWARD FINANCIAL, INC.净利率更高（26.4% vs 6.4%，领先20.0%），过去两年PATHWARD FINANCIAL, INC.的营收复合增速更高（21.0% vs 14.0%）
Pathward Financial, Inc.是一家总部位于美国的银行及金融服务企业，其前身为Meta金融集团旗下相关业务主体，2022年母公司将“Meta”商标出售给Meta Platforms后，正式启用现有名称。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
CASH vs NHC — 直观对比
营收规模更大
NHC
是对方的1.4倍
$276.3M
净利率更高
CASH
高出20.0%
6.4%
两年增速更快
CASH
近两年复合增速
14.0%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $276.3M | $386.5M |
| 净利润 | $72.9M | $24.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 8.6% |
| 净利率 | 26.4% | 6.4% |
| 营收同比 | — | 4.6% |
| 净利润同比 | — | 308.6% |
| 每股收益（稀释后） | $3.35 | $1.58 |
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CASHNHC
| Q1 26 | $276.3M | — | ||
| Q4 25 | $173.1M | $386.5M | ||
| Q3 25 | $186.7M | $382.7M | ||
| Q2 25 | $195.8M | $374.9M | ||
| Q1 25 | $274.8M | $373.7M | ||
| Q4 24 | $182.6M | $369.4M | ||
| Q3 24 | $179.5M | $340.2M | ||
| Q2 24 | $188.6M | $300.7M |
净利润CASHNHC
| Q1 26 | $72.9M | — | ||
| Q4 25 | $35.2M | $24.8M | ||
| Q3 25 | $38.8M | $39.2M | ||
| Q2 25 | $42.1M | $23.7M | ||
| Q1 25 | $75.0M | $32.2M | ||
| Q4 24 | $30.0M | $6.1M | ||
| Q3 24 | $33.5M | $42.8M | ||
| Q2 24 | $44.9M | $26.8M |
营业利润率CASHNHC
| Q1 26 | — | — | ||
| Q4 25 | 24.6% | 8.6% | ||
| Q3 25 | 25.9% | 7.9% | ||
| Q2 25 | 24.1% | 9.1% | ||
| Q1 25 | 33.2% | 8.2% | ||
| Q4 24 | 19.8% | 7.8% | ||
| Q3 24 | 20.9% | 6.7% | ||
| Q2 24 | 27.1% | 7.5% |
净利率CASHNHC
| Q1 26 | 26.4% | — | ||
| Q4 25 | 20.3% | 6.4% | ||
| Q3 25 | 20.8% | 10.3% | ||
| Q2 25 | 21.5% | 6.3% | ||
| Q1 25 | 27.3% | 8.6% | ||
| Q4 24 | 16.4% | 1.6% | ||
| Q3 24 | 18.7% | 12.6% | ||
| Q2 24 | 23.8% | 8.9% |
每股收益（稀释后）CASHNHC
| Q1 26 | $3.35 | — | ||
| Q4 25 | $1.57 | $1.58 | ||
| Q3 25 | $1.69 | $2.50 | ||
| Q2 25 | $1.81 | $1.52 | ||
| Q1 25 | $3.14 | $2.07 | ||
| Q4 24 | $1.23 | $0.38 | ||
| Q3 24 | $1.34 | $2.73 | ||
| Q2 24 | $1.78 | $1.73 |
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 | $157.6M | $92.8M |
| 总债务越低越好 | $59.5M | $40.0M |
| 股东权益账面价值 | $850.7M | $1.1B |
| 总资产 | $7.1B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.07× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资CASHNHC
| Q1 26 | $157.6M | — | ||
| Q4 25 | $331.2M | $92.8M | ||
| Q3 25 | $120.6M | $130.6M | ||
| Q2 25 | $258.3M | $111.0M | ||
| Q1 25 | $254.2M | $90.4M | ||
| Q4 24 | $597.4M | $76.1M | ||
| Q3 24 | $158.3M | $84.8M | ||
| Q2 24 | $298.9M | $136.2M |
总债务CASHNHC
| Q1 26 | $59.5M | — | ||
| Q4 25 | $33.5M | $40.0M | ||
| Q3 25 | $33.5M | $73.1M | ||
| Q2 25 | $33.4M | $110.0M | ||
| Q1 25 | $33.4M | $134.0M | ||
| Q4 24 | $33.4M | $137.0M | ||
| Q3 24 | $33.4M | $147.0M | ||
| Q2 24 | $33.3M | — |
股东权益CASHNHC
| Q1 26 | $850.7M | — | ||
| Q4 25 | $854.5M | $1.1B | ||
| Q3 25 | $858.0M | $1.1B | ||
| Q2 25 | $819.0M | $1.0B | ||
| Q1 25 | $814.7M | $1.0B | ||
| Q4 24 | $758.3M | $980.2M | ||
| Q3 24 | $822.5M | $983.5M | ||
| Q2 24 | $748.4M | $945.8M |
总资产CASHNHC
| Q1 26 | $7.1B | — | ||
| Q4 25 | $7.6B | $1.5B | ||
| Q3 25 | $7.2B | $1.6B | ||
| Q2 25 | $7.2B | $1.6B | ||
| Q1 25 | $7.0B | $1.5B | ||
| Q4 24 | $7.6B | $1.5B | ||
| Q3 24 | $7.5B | $1.6B | ||
| Q2 24 | $7.5B | $1.3B |
负债/权益比CASHNHC
| Q1 26 | 0.07× | — | ||
| Q4 25 | 0.04× | 0.04× | ||
| Q3 25 | 0.04× | 0.07× | ||
| Q2 25 | 0.04× | 0.11× | ||
| Q1 25 | 0.04× | 0.13× | ||
| Q4 24 | 0.04× | 0.14× | ||
| Q3 24 | 0.04× | 0.15× | ||
| Q2 24 | 0.04× | — |
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 | — | $16.8M |
| 自由现金流经营现金流 - 资本支出 | — | $6.4M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | — | 0.68× |
| 过去12个月自由现金流最近4个季度 | — | $148.6M |
8季度趋势，按日历期对齐
经营现金流CASHNHC
| Q1 26 | — | — | ||
| Q4 25 | $108.3M | $16.8M | ||
| Q3 25 | $303.7M | $66.2M | ||
| Q2 25 | $30.4M | $62.8M | ||
| Q1 25 | $188.3M | $39.3M | ||
| Q4 24 | $-71.7M | $12.8M | ||
| Q3 24 | $143.1M | $34.2M | ||
| Q2 24 | $113.2M | $50.7M |
自由现金流CASHNHC
| Q1 26 | — | — | ||
| Q4 25 | $104.1M | $6.4M | ||
| Q3 25 | $300.3M | $56.5M | ||
| Q2 25 | $27.7M | $52.6M | ||
| Q1 25 | $184.7M | $33.1M | ||
| Q4 24 | $-73.8M | $4.6M | ||
| Q3 24 | $138.8M | $28.6M | ||
| Q2 24 | $111.0M | $42.8M |
自由现金流率CASHNHC
| Q1 26 | — | — | ||
| Q4 25 | 60.1% | 1.7% | ||
| Q3 25 | 160.9% | 14.8% | ||
| Q2 25 | 14.1% | 14.0% | ||
| Q1 25 | 67.2% | 8.9% | ||
| Q4 24 | -40.4% | 1.3% | ||
| Q3 24 | 77.3% | 8.4% | ||
| Q2 24 | 58.8% | 14.2% |
资本支出强度CASHNHC
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.7% | ||
| Q3 25 | 1.8% | 2.5% | ||
| Q2 25 | 1.4% | 2.7% | ||
| Q1 25 | 1.3% | 1.6% | ||
| Q4 24 | 1.1% | 2.2% | ||
| Q3 24 | 2.4% | 1.7% | ||
| Q2 24 | 1.2% | 2.6% |
现金转化率CASHNHC
| Q1 26 | — | — | ||
| Q4 25 | 3.08× | 0.68× | ||
| Q3 25 | 7.83× | 1.69× | ||
| Q2 25 | 0.72× | 2.65× | ||
| Q1 25 | 2.51× | 1.22× | ||
| Q4 24 | -2.39× | 2.10× | ||
| Q3 24 | 4.27× | 0.80× | ||
| Q2 24 | 2.52× | 1.89× |
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
CASH
| Noninterest Income | $151.2M | 55% |
| Net Interest Income | $125.1M | 45% |
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
