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Concentra Group Holdings Parent, Inc.（CON）与MSA Safety Inc（MSA）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MSA Safety Inc的1.1倍（$539.1M vs $510.9M），MSA Safety Inc净利率更高（17.0% vs 6.4%，领先10.6%），MSA Safety Inc自由现金流更多（$106.0M vs $98.5M）
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。
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
CON vs MSA — 直观对比
营收规模更大
CON
是对方的1.1倍
$510.9M
净利率更高
MSA
高出10.6%
6.4%
自由现金流更多
MSA
多$7.5M
$98.5M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $539.1M | $510.9M |
| 净利润 | $34.7M | $86.9M |
| 毛利率 | — | 46.9% |
| 营业利润率 | 12.9% | 22.3% |
| 净利率 | 6.4% | 17.0% |
| 营收同比 | — | 2.2% |
| 净利润同比 | — | -1.2% |
| 每股收益（稀释后） | $0.27 | $2.22 |
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CONMSA
| Q4 25 | $539.1M | $510.9M | ||
| Q3 25 | $572.8M | $468.4M | ||
| Q2 25 | $550.8M | $474.1M | ||
| Q1 25 | $500.8M | $421.3M | ||
| Q4 24 | — | $499.7M | ||
| Q3 24 | $489.6M | $432.7M | ||
| Q2 24 | $477.9M | $462.5M | ||
| Q1 24 | — | $413.3M |
净利润CONMSA
| Q4 25 | $34.7M | $86.9M | ||
| Q3 25 | $48.3M | $69.6M | ||
| Q2 25 | $44.6M | $62.8M | ||
| Q1 25 | $38.9M | $59.6M | ||
| Q4 24 | — | $87.9M | ||
| Q3 24 | $44.3M | $66.6M | ||
| Q2 24 | $51.7M | $72.2M | ||
| Q1 24 | — | $58.1M |
毛利率CONMSA
| Q4 25 | — | 46.9% | ||
| Q3 25 | — | 46.5% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 45.9% | ||
| Q4 24 | — | 46.9% | ||
| Q3 24 | — | 47.9% | ||
| Q2 24 | — | 48.2% | ||
| Q1 24 | — | 47.3% |
营业利润率CONMSA
| Q4 25 | 12.9% | 22.3% | ||
| Q3 25 | 16.5% | 20.1% | ||
| Q2 25 | 16.3% | 18.1% | ||
| Q1 25 | 16.0% | 18.5% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | 17.6% | 21.1% | ||
| Q2 24 | 17.6% | 21.6% | ||
| Q1 24 | — | 19.4% |
净利率CONMSA
| Q4 25 | 6.4% | 17.0% | ||
| Q3 25 | 8.4% | 14.9% | ||
| Q2 25 | 8.1% | 13.2% | ||
| Q1 25 | 7.8% | 14.1% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | 9.1% | 15.4% | ||
| Q2 24 | 10.8% | 15.6% | ||
| Q1 24 | — | 14.1% |
每股收益（稀释后）CONMSA
| Q4 25 | $0.27 | $2.22 | ||
| Q3 25 | $0.38 | $1.77 | ||
| Q2 25 | $0.35 | $1.59 | ||
| Q1 25 | $0.30 | $1.51 | ||
| Q4 24 | — | $2.22 | ||
| Q3 24 | $0.37 | $1.69 | ||
| Q2 24 | $0.50 | $1.83 | ||
| Q1 24 | — | $1.47 |
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 | $165.1M |
| 总债务越低越好 | $1.6B | $580.9M |
| 股东权益账面价值 | $393.3M | $1.4B |
| 总资产 | $2.9B | $2.6B |
| 负债/权益比越低杠杆越低 | 3.98× | 0.42× |
8季度趋势，按日历期对齐
现金及短期投资CONMSA
| Q4 25 | $79.9M | $165.1M | ||
| Q3 25 | $49.9M | $170.0M | ||
| Q2 25 | $73.9M | $147.0M | ||
| Q1 25 | $52.1M | $170.6M | ||
| Q4 24 | — | $164.6M | ||
| Q3 24 | $136.8M | $154.4M | ||
| Q2 24 | $50.7M | $146.8M | ||
| Q1 24 | — | $148.3M |
总债务CONMSA
| Q4 25 | $1.6B | $580.9M | ||
| Q3 25 | $1.6B | $628.6M | ||
| Q2 25 | $1.7B | $679.3M | ||
| Q1 25 | $1.6B | $502.1M | ||
| Q4 24 | — | $508.0M | ||
| Q3 24 | $1.5B | $554.7M | ||
| Q2 24 | $3.0M | $588.2M | ||
| Q1 24 | — | $596.2M |
股东权益CONMSA
| Q4 25 | $393.3M | $1.4B | ||
| Q3 25 | $385.5M | $1.3B | ||
| Q2 25 | $342.6M | $1.3B | ||
| Q1 25 | $307.1M | $1.2B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $277.8M | $1.1B | ||
| Q2 24 | $1.2B | $1.0B | ||
| Q1 24 | — | $994.8M |
总资产CONMSA
| Q4 25 | $2.9B | $2.6B | ||
| Q3 25 | $2.8B | $2.6B | ||
| Q2 25 | $2.8B | $2.6B | ||
| Q1 25 | $2.7B | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.4B | $2.2B | ||
| Q1 24 | — | $2.2B |
负债/权益比CONMSA
| Q4 25 | 3.98× | 0.42× | ||
| Q3 25 | 4.15× | 0.48× | ||
| Q2 25 | 4.82× | 0.54× | ||
| Q1 25 | 5.27× | 0.42× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | 5.30× | 0.51× | ||
| Q2 24 | 0.00× | 0.57× | ||
| Q1 24 | — | 0.60× |
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 | $122.4M |
| 自由现金流经营现金流 - 资本支出 | $98.5M | $106.0M |
| 自由现金流率自由现金流/营收 | 18.3% | 20.8% |
| 资本支出强度资本支出/营收 | 3.7% | 3.2% |
| 现金转化率经营现金流/净利润 | 3.42× | 1.41× |
| 过去12个月自由现金流最近4个季度 | $197.1M | $295.4M |
8季度趋势，按日历期对齐
经营现金流CONMSA
| Q4 25 | $118.7M | $122.4M | ||
| Q3 25 | $60.6M | $112.5M | ||
| Q2 25 | $88.4M | $67.2M | ||
| Q1 25 | $11.7M | $61.8M | ||
| Q4 24 | — | $107.9M | ||
| Q3 24 | $65.9M | $84.3M | ||
| Q2 24 | — | $53.3M | ||
| Q1 24 | — | $50.9M |
自由现金流CONMSA
| Q4 25 | $98.5M | $106.0M | ||
| Q3 25 | $39.4M | $100.5M | ||
| Q2 25 | $63.2M | $37.9M | ||
| Q1 25 | $-4.0M | $51.0M | ||
| Q4 24 | — | $93.5M | ||
| Q3 24 | $50.8M | $70.1M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $39.7M |
自由现金流率CONMSA
| Q4 25 | 18.3% | 20.8% | ||
| Q3 25 | 6.9% | 21.4% | ||
| Q2 25 | 11.5% | 8.0% | ||
| Q1 25 | -0.8% | 12.1% | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | 10.4% | 16.2% | ||
| Q2 24 | — | 8.4% | ||
| Q1 24 | — | 9.6% |
资本支出强度CONMSA
| Q4 25 | 3.7% | 3.2% | ||
| Q3 25 | 3.7% | 2.6% | ||
| Q2 25 | 4.6% | 6.2% | ||
| Q1 25 | 3.1% | 2.6% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 3.1% | 3.3% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 2.7% |
现金转化率CONMSA
| Q4 25 | 3.42× | 1.41× | ||
| Q3 25 | 1.26× | 1.62× | ||
| Q2 25 | 1.98× | 1.07× | ||
| Q1 25 | 0.30× | 1.04× | ||
| Q4 24 | — | 1.23× | ||
| Q3 24 | 1.49× | 1.27× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.88× |
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% |
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
