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COMMUNITY HEALTH SYSTEMS INC（CYH）与PAR PACIFIC HOLDINGS, INC.（PARR）财务数据对比。点击上方公司名可切换其他公司
COMMUNITY HEALTH SYSTEMS INC的季度营收约是PAR PACIFIC HOLDINGS, INC.的1.7倍（$3.1B vs $1.8B），PAR PACIFIC HOLDINGS, INC.净利率更高（4.3% vs 3.5%，领先0.7%），PAR PACIFIC HOLDINGS, INC.同比增速更快（-1.0% vs -4.8%），COMMUNITY HEALTH SYSTEMS INC自由现金流更多（$172.0M vs $66.3M），过去两年COMMUNITY HEALTH SYSTEMS INC的营收复合增速更高（-0.5% vs -4.3%）
社区卫生系统公司总部位于美国田纳西州富兰克林，是财富500强企业。按急症护理机构数量计算，该公司曾是美国最大的综合医院医疗服务提供商。2014年它旗下有约200家医院，到2021年机构数量缩减至约85家。
Par Pacific Holdings是总部位于美国休斯顿的油气勘探生产企业，曾在破产重组后以Par Petroleum Corporation为名运营，2015年10月20日正式更名为现名，2017年入选《财富》美国1000强企业。
CYH vs PARR — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.8B |
| 净利润 | $110.0M | $77.7M |
| 毛利率 | 85.6% | — |
| 营业利润率 | 14.5% | 5.5% |
| 净利率 | 3.5% | 4.3% |
| 营收同比 | -4.8% | -1.0% |
| 净利润同比 | 254.9% | 239.5% |
| 每股收益（稀释后） | $0.82 | $1.40 |
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
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $3.2B | $1.7B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.1B | $2.0B | ||
| Q1 24 | $3.1B | $2.0B |
| Q4 25 | $110.0M | $77.7M | ||
| Q3 25 | $130.0M | $262.6M | ||
| Q2 25 | $282.0M | $59.5M | ||
| Q1 25 | $-13.0M | $-30.4M | ||
| Q4 24 | $-71.0M | $-55.7M | ||
| Q3 24 | $-391.0M | $7.5M | ||
| Q2 24 | $-13.0M | $18.6M | ||
| Q1 24 | $-41.0M | $-3.8M |
| Q4 25 | 85.6% | — | ||
| Q3 25 | 85.1% | — | ||
| Q2 25 | 85.0% | — | ||
| Q1 25 | 84.5% | — | ||
| Q4 24 | 84.5% | — | ||
| Q3 24 | 84.8% | — | ||
| Q2 24 | 84.6% | — | ||
| Q1 24 | 84.5% | — |
| Q4 25 | 14.5% | 5.5% | ||
| Q3 25 | 7.9% | 17.8% | ||
| Q2 25 | 16.3% | 5.1% | ||
| Q1 25 | 9.0% | -0.9% | ||
| Q4 24 | 8.5% | -2.6% | ||
| Q3 24 | -6.6% | 1.7% | ||
| Q2 24 | 7.6% | 2.4% | ||
| Q1 24 | 7.4% | 0.5% |
| Q4 25 | 3.5% | 4.3% | ||
| Q3 25 | 4.2% | 13.0% | ||
| Q2 25 | 9.0% | 3.1% | ||
| Q1 25 | -0.4% | -1.7% | ||
| Q4 24 | -2.2% | -3.0% | ||
| Q3 24 | -12.7% | 0.3% | ||
| Q2 24 | -0.4% | 0.9% | ||
| Q1 24 | -1.3% | -0.2% |
| Q4 25 | $0.82 | $1.40 | ||
| Q3 25 | $0.96 | $5.16 | ||
| Q2 25 | $2.09 | $1.17 | ||
| Q1 25 | $-0.10 | $-0.57 | ||
| Q4 24 | $-0.53 | $-0.98 | ||
| Q3 24 | $-2.95 | $0.13 | ||
| Q2 24 | $-0.10 | $0.32 | ||
| Q1 24 | $-0.32 | $-0.06 |
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 | $260.0M | $164.1M |
| 总债务越低越好 | $10.4B | $802.9M |
| 股东权益账面价值 | $-1.4B | $1.5B |
| 总资产 | $13.2B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
| Q4 25 | $260.0M | $164.1M | ||
| Q3 25 | $123.0M | $159.1M | ||
| Q2 25 | $456.0M | $169.2M | ||
| Q1 25 | $431.0M | $133.7M | ||
| Q4 24 | $37.0M | $191.9M | ||
| Q3 24 | $33.0M | $183.0M | ||
| Q2 24 | $39.0M | $179.7M | ||
| Q1 24 | $48.0M | $228.3M |
| Q4 25 | $10.4B | $802.9M | ||
| Q3 25 | — | $967.1M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $11.5B | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $639.5M |
| Q4 25 | $-1.4B | $1.5B | ||
| Q3 25 | $-1.5B | $1.4B | ||
| Q2 25 | $-1.6B | $1.1B | ||
| Q1 25 | $-1.9B | $1.1B | ||
| Q4 24 | $-1.9B | $1.2B | ||
| Q3 24 | $-1.8B | $1.3B | ||
| Q2 24 | $-1.4B | $1.3B | ||
| Q1 24 | $-1.4B | $1.3B |
| Q4 25 | $13.2B | $3.8B | ||
| Q3 25 | $13.2B | $4.1B | ||
| Q2 25 | $13.6B | $3.9B | ||
| Q1 25 | $13.9B | $3.8B | ||
| Q4 24 | $14.1B | $3.8B | ||
| Q3 24 | $13.9B | $3.9B | ||
| Q2 24 | $14.4B | $3.9B | ||
| Q1 24 | $14.4B | $3.8B |
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | — | 0.49× |
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 | $266.0M | $93.8M |
| 自由现金流经营现金流 - 资本支出 | $172.0M | $66.3M |
| 自由现金流率自由现金流/营收 | 5.5% | 3.7% |
| 资本支出强度资本支出/营收 | 3.0% | 1.5% |
| 现金转化率经营现金流/净利润 | 2.42× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $208.0M | $296.5M |
8季度趋势，按日历期对齐
| Q4 25 | $266.0M | $93.8M | ||
| Q3 25 | $69.0M | $219.4M | ||
| Q2 25 | $88.0M | $133.6M | ||
| Q1 25 | $120.0M | $-1.4M | ||
| Q4 24 | $216.0M | $-15.5M | ||
| Q3 24 | $67.0M | $78.5M | ||
| Q2 24 | $101.0M | $-4.7M | ||
| Q1 24 | $96.0M | $25.4M |
| Q4 25 | $172.0M | $66.3M | ||
| Q3 25 | $4.0M | $187.1M | ||
| Q2 25 | $-3.0M | $85.5M | ||
| Q1 25 | $35.0M | $-42.3M | ||
| Q4 24 | $107.0M | $-63.1M | ||
| Q3 24 | $-3.0M | $50.2M | ||
| Q2 24 | $13.0M | $-41.6M | ||
| Q1 24 | $3.0M | $2.8M |
| Q4 25 | 5.5% | 3.7% | ||
| Q3 25 | 0.1% | 9.3% | ||
| Q2 25 | -0.1% | 4.5% | ||
| Q1 25 | 1.1% | -2.4% | ||
| Q4 24 | 3.3% | -3.4% | ||
| Q3 24 | -0.1% | 2.3% | ||
| Q2 24 | 0.4% | -2.1% | ||
| Q1 24 | 0.1% | 0.1% |
| Q4 25 | 3.0% | 1.5% | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 2.7% | 2.3% | ||
| Q4 24 | 3.3% | 2.6% | ||
| Q3 24 | 2.3% | 1.3% | ||
| Q2 24 | 2.8% | 1.8% | ||
| Q1 24 | 3.0% | 1.1% |
| Q4 25 | 2.42× | 1.21× | ||
| Q3 25 | 0.53× | 0.84× | ||
| Q2 25 | 0.31× | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.48× | ||
| Q2 24 | — | -0.25× | ||
| Q1 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
CYH
| Managed Care And Other Third Party Payors | $1.5B | 49% |
| Medicare Managed Care | $570.0M | 18% |
| Medicare | $512.0M | 16% |
| Medicaid | $464.0M | 15% |
| Self Pay Revenue | $34.0M | 1% |
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
