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Concentra Group Holdings Parent, Inc.（CON）与IPG PHOTONICS CORP（IPGP）财务数据对比。点击上方公司名可切换其他公司
Concentra Group Holdings Parent, Inc.的季度营收约是IPG PHOTONICS CORP的2.0倍（$539.1M vs $274.5M），Concentra Group Holdings Parent, Inc.净利率更高（6.4% vs 4.8%，领先1.6%），Concentra Group Holdings Parent, Inc.自由现金流更多（$98.5M vs $10.9M）
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
IPG光电是全球领先的光纤激光器制造商，率先实现光纤激光器的技术研发与商业化落地，产品广泛应用于材料加工、医疗、电信等多元领域，在美国、德国、俄罗斯、意大利均设有生产基地，为全球各行业客户提供高性能的激光解决方案。
CON vs IPGP — 直观对比
营收规模更大
CON
是对方的2.0倍
$274.5M
净利率更高
CON
高出1.6%
4.8%
自由现金流更多
CON
多$87.6M
$10.9M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $539.1M | $274.5M |
| 净利润 | $34.7M | $13.3M |
| 毛利率 | — | 36.1% |
| 营业利润率 | 12.9% | 1.2% |
| 净利率 | 6.4% | 4.8% |
| 营收同比 | — | 17.1% |
| 净利润同比 | — | 69.8% |
| 每股收益（稀释后） | $0.27 | $0.30 |
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CONIPGP
| Q4 25 | $539.1M | $274.5M | ||
| Q3 25 | $572.8M | $250.8M | ||
| Q2 25 | $550.8M | $250.7M | ||
| Q1 25 | $500.8M | $227.8M | ||
| Q4 24 | — | $234.3M | ||
| Q3 24 | $489.6M | $233.1M | ||
| Q2 24 | $477.9M | $257.6M | ||
| Q1 24 | — | $252.0M |
净利润CONIPGP
| Q4 25 | $34.7M | $13.3M | ||
| Q3 25 | $48.3M | $7.5M | ||
| Q2 25 | $44.6M | $6.6M | ||
| Q1 25 | $38.9M | $3.8M | ||
| Q4 24 | — | $7.8M | ||
| Q3 24 | $44.3M | $-233.6M | ||
| Q2 24 | $51.7M | $20.2M | ||
| Q1 24 | — | $24.1M |
毛利率CONIPGP
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 38.7% |
营业利润率CONIPGP
| Q4 25 | 12.9% | 1.2% | ||
| Q3 25 | 16.5% | 3.1% | ||
| Q2 25 | 16.3% | 0.0% | ||
| Q1 25 | 16.0% | 0.8% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | 17.6% | -108.7% | ||
| Q2 24 | 17.6% | 4.7% | ||
| Q1 24 | — | 7.6% |
净利率CONIPGP
| Q4 25 | 6.4% | 4.8% | ||
| Q3 25 | 8.4% | 3.0% | ||
| Q2 25 | 8.1% | 2.6% | ||
| Q1 25 | 7.8% | 1.6% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | 9.1% | -100.2% | ||
| Q2 24 | 10.8% | 7.8% | ||
| Q1 24 | — | 9.6% |
每股收益（稀释后）CONIPGP
| Q4 25 | $0.27 | $0.30 | ||
| Q3 25 | $0.38 | $0.18 | ||
| Q2 25 | $0.35 | $0.16 | ||
| Q1 25 | $0.30 | $0.09 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | $0.37 | $-5.33 | ||
| Q2 24 | $0.50 | $0.45 | ||
| Q1 24 | — | $0.52 |
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 | $79.9M | $839.3M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $393.3M | $2.1B |
| 总资产 | $2.9B | $2.4B |
| 负债/权益比越低杠杆越低 | 3.98× | — |
8季度趋势，按日历期对齐
现金及短期投资CONIPGP
| Q4 25 | $79.9M | $839.3M | ||
| Q3 25 | $49.9M | $870.4M | ||
| Q2 25 | $73.9M | $899.6M | ||
| Q1 25 | $52.1M | $926.9M | ||
| Q4 24 | — | $930.2M | ||
| Q3 24 | $136.8M | $1.0B | ||
| Q2 24 | $50.7M | $1.1B | ||
| Q1 24 | — | $1.1B |
总债务CONIPGP
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | — | — |
股东权益CONIPGP
| Q4 25 | $393.3M | $2.1B | ||
| Q3 25 | $385.5M | $2.1B | ||
| Q2 25 | $342.6M | $2.1B | ||
| Q1 25 | $307.1M | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $277.8M | $2.1B | ||
| Q2 24 | $1.2B | $2.3B | ||
| Q1 24 | — | $2.3B |
总资产CONIPGP
| Q4 25 | $2.9B | $2.4B | ||
| Q3 25 | $2.8B | $2.4B | ||
| Q2 25 | $2.8B | $2.4B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $2.5B | $2.4B | ||
| Q2 24 | $2.4B | $2.5B | ||
| Q1 24 | — | $2.6B |
负债/权益比CONIPGP
| Q4 25 | 3.98× | — | ||
| Q3 25 | 4.15× | — | ||
| Q2 25 | 4.82× | — | ||
| Q1 25 | 5.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.30× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | — | — |
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 | $118.7M | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $98.5M | $10.9M |
| 自由现金流率自由现金流/营收 | 18.3% | 4.0% |
| 资本支出强度资本支出/营收 | 3.7% | 6.5% |
| 现金转化率经营现金流/净利润 | 3.42× | 2.17× |
| 过去12个月自由现金流最近4个季度 | $197.1M | $-3.5M |
8季度趋势，按日历期对齐
经营现金流CONIPGP
| Q4 25 | $118.7M | $28.8M | ||
| Q3 25 | $60.6M | $35.3M | ||
| Q2 25 | $88.4M | $-2.2M | ||
| Q1 25 | $11.7M | $13.4M | ||
| Q4 24 | — | $73.8M | ||
| Q3 24 | $65.9M | $66.1M | ||
| Q2 24 | — | $53.5M | ||
| Q1 24 | — | $54.6M |
自由现金流CONIPGP
| Q4 25 | $98.5M | $10.9M | ||
| Q3 25 | $39.4M | $14.6M | ||
| Q2 25 | $63.2M | $-17.6M | ||
| Q1 25 | $-4.0M | $-11.4M | ||
| Q4 24 | — | $50.6M | ||
| Q3 24 | $50.8M | $43.0M | ||
| Q2 24 | — | $29.2M | ||
| Q1 24 | — | $26.5M |
自由现金流率CONIPGP
| Q4 25 | 18.3% | 4.0% | ||
| Q3 25 | 6.9% | 5.8% | ||
| Q2 25 | 11.5% | -7.0% | ||
| Q1 25 | -0.8% | -5.0% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 10.4% | 18.4% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 10.5% |
资本支出强度CONIPGP
| Q4 25 | 3.7% | 6.5% | ||
| Q3 25 | 3.7% | 8.3% | ||
| Q2 25 | 4.6% | 6.1% | ||
| Q1 25 | 3.1% | 10.9% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | 3.1% | 9.9% | ||
| Q2 24 | — | 9.4% | ||
| Q1 24 | — | 11.1% |
现金转化率CONIPGP
| Q4 25 | 3.42× | 2.17× | ||
| Q3 25 | 1.26× | 4.73× | ||
| Q2 25 | 1.98× | -0.34× | ||
| Q1 25 | 0.30× | 3.58× | ||
| Q4 24 | — | 9.44× | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.27× |
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
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
IPGP
| Materials Processing | $232.8M | 85% |
| Laser And Non Laser Systems | $38.8M | 14% |
| Transferred Over Time | $5.3M | 2% |
