vs
Concentra Group Holdings Parent, Inc.（CON）与美世（MERC）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.的季度营收约是美世的1.2倍（$569.6M vs $489.3M），Concentra Group Holdings Parent, Inc.同比增速更快（13.7% vs -3.5%）
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。
美世是1945年成立的美国咨询公司，为全球专业服务集团威达信的四大运营子公司之一，总部位于纽约，在43个国家设有办事处，业务覆盖130个国家，主要为客户提供人力资源与金融咨询服务。
CON vs MERC — 直观对比
营收规模更大
CON
是对方的1.2倍
$489.3M
营收增速更快
CON
高出17.2%
-3.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $569.6M | $489.3M |
| 净利润 | $52.3M | — |
| 毛利率 | — | — |
| 营业利润率 | 16.8% | — |
| 净利率 | 9.2% | — |
| 营收同比 | 13.7% | -3.5% |
| 净利润同比 | 28.7% | — |
| 每股收益（稀释后） | $0.39 | — |
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CONMERC
| Q1 26 | $569.6M | $489.3M | ||
| Q4 25 | $539.1M | $449.5M | ||
| Q3 25 | $572.8M | $458.1M | ||
| Q2 25 | $550.8M | $453.5M | ||
| Q1 25 | $500.8M | $507.0M | ||
| Q4 24 | — | $488.4M | ||
| Q3 24 | $489.6M | $502.1M | ||
| Q2 24 | $477.9M | $499.4M |
净利润CONMERC
| Q1 26 | $52.3M | — | ||
| Q4 25 | $34.7M | $-308.7M | ||
| Q3 25 | $48.3M | $-80.8M | ||
| Q2 25 | $44.6M | $-86.1M | ||
| Q1 25 | $38.9M | $-22.3M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | $44.3M | $-17.6M | ||
| Q2 24 | $51.7M | $-67.6M |
营业利润率CONMERC
| Q1 26 | 16.8% | — | ||
| Q4 25 | 12.9% | -62.0% | ||
| Q3 25 | 16.5% | -14.8% | ||
| Q2 25 | 16.3% | -12.9% | ||
| Q1 25 | 16.0% | 1.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 17.6% | 1.8% | ||
| Q2 24 | 17.6% | -8.8% |
净利率CONMERC
| Q1 26 | 9.2% | — | ||
| Q4 25 | 6.4% | -68.7% | ||
| Q3 25 | 8.4% | -17.6% | ||
| Q2 25 | 8.1% | -19.0% | ||
| Q1 25 | 7.8% | -4.4% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | 9.1% | -3.5% | ||
| Q2 24 | 10.8% | -13.5% |
每股收益（稀释后）CONMERC
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.27 | $-4.61 | ||
| Q3 25 | $0.38 | $-1.21 | ||
| Q2 25 | $0.35 | $-1.29 | ||
| Q1 25 | $0.30 | $-0.33 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | $0.37 | $-0.26 | ||
| Q2 24 | $0.50 | $-1.01 |
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 | — | $84.5M |
| 总债务越低越好 | $1.6B | $1.5B |
| 股东权益账面价值 | $424.7M | — |
| 总资产 | $2.9B | $2.0B |
| 负债/权益比越低杠杆越低 | 3.68× | — |
8季度趋势，按日历期对齐
现金及短期投资CONMERC
| Q1 26 | — | $84.5M | ||
| Q4 25 | $79.9M | $186.8M | ||
| Q3 25 | $49.9M | $98.1M | ||
| Q2 25 | $73.9M | $146.5M | ||
| Q1 25 | $52.1M | $181.5M | ||
| Q4 24 | — | $184.9M | ||
| Q3 24 | $136.8M | $239.0M | ||
| Q2 24 | $50.7M | $263.2M |
总债务CONMERC
| Q1 26 | $1.6B | $1.5B | ||
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $3.0M | $1.6B |
股东权益CONMERC
| Q1 26 | $424.7M | — | ||
| Q4 25 | $393.3M | $68.1M | ||
| Q3 25 | $385.5M | $359.5M | ||
| Q2 25 | $342.6M | $446.5M | ||
| Q1 25 | $307.1M | $437.4M | ||
| Q4 24 | — | $429.8M | ||
| Q3 24 | $277.8M | $516.8M | ||
| Q2 24 | $1.2B | $487.7M |
总资产CONMERC
| Q1 26 | $2.9B | $2.0B | ||
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.8B | $2.3B | ||
| Q2 25 | $2.8B | $2.4B | ||
| Q1 25 | $2.7B | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $2.5B | $2.5B | ||
| Q2 24 | $2.4B | $2.5B |
负债/权益比CONMERC
| Q1 26 | 3.68× | — | ||
| Q4 25 | 3.98× | 23.58× | ||
| Q3 25 | 4.15× | 4.30× | ||
| Q2 25 | 4.82× | 3.42× | ||
| Q1 25 | 5.27× | 3.44× | ||
| Q4 24 | — | 3.43× | ||
| Q3 24 | 5.30× | 3.09× | ||
| Q2 24 | 0.00× | 3.22× |
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 | $21.0M | — |
| 自由现金流经营现金流 - 资本支出 | $9.9M | — |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 0.40× | — |
| 过去12个月自由现金流最近4个季度 | $211.0M | — |
8季度趋势，按日历期对齐
经营现金流CONMERC
| Q1 26 | $21.0M | — | ||
| Q4 25 | $118.7M | $46.2M | ||
| Q3 25 | $60.6M | $-30.1M | ||
| Q2 25 | $88.4M | $-4.5M | ||
| Q1 25 | $11.7M | $-3.0M | ||
| Q4 24 | — | $71.2M | ||
| Q3 24 | $65.9M | $-13.9M | ||
| Q2 24 | — | $62.2M |
自由现金流CONMERC
| Q1 26 | $9.9M | — | ||
| Q4 25 | $98.5M | $32.0M | ||
| Q3 25 | $39.4M | $-60.1M | ||
| Q2 25 | $63.2M | $-28.9M | ||
| Q1 25 | $-4.0M | $-23.1M | ||
| Q4 24 | — | $50.4M | ||
| Q3 24 | $50.8M | $-41.2M | ||
| Q2 24 | — | $44.3M |
自由现金流率CONMERC
| Q1 26 | 1.7% | — | ||
| Q4 25 | 18.3% | 7.1% | ||
| Q3 25 | 6.9% | -13.1% | ||
| Q2 25 | 11.5% | -6.4% | ||
| Q1 25 | -0.8% | -4.6% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 10.4% | -8.2% | ||
| Q2 24 | — | 8.9% |
资本支出强度CONMERC
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 3.1% | ||
| Q3 25 | 3.7% | 6.6% | ||
| Q2 25 | 4.6% | 5.4% | ||
| Q1 25 | 3.1% | 4.0% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 3.1% | 5.4% | ||
| Q2 24 | — | 3.6% |
现金转化率CONMERC
| Q1 26 | 0.40× | — | ||
| Q4 25 | 3.42× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 1.98× | — | ||
| Q1 25 | 0.30× | — | ||
| Q4 24 | — | 4.26× | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | — | — |
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
| Workers' compensation | $337.7M | 59% |
| Employer services | $172.4M | 30% |
| Onsite health clinics | $37.2M | 7% |
| Other | $14.5M | 3% |
| Consumer health | $7.8M | 1% |
MERC
| Pulp segment | $345.0M | 71% |
| Solid wood segment | $131.7M | 27% |
| Corporate and other | $12.6M | 3% |
