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COMMUNITY HEALTH SYSTEMS INC（CYH）与PPL Corporation（PPL）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PPL Corporation的1.3倍（$3.1B vs $2.3B），PPL Corporation净利率更高（11.3% vs 3.5%，领先7.8%），PPL Corporation同比增速更快（7.2% vs -4.8%），COMMUNITY HEALTH SYSTEMS INC自由现金流更多（$172.0M vs $-614.0M），过去两年PPL Corporation的营收复合增速更高（1.0% vs -0.5%）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
CYH vs PPL — 直观对比
营收规模更大
CYH
是对方的1.3倍
$2.3B
营收增速更快
PPL
高出12.1%
-4.8%
净利率更高
PPL
高出7.8%
3.5%
自由现金流更多
CYH
多$786.0M
$-614.0M
两年增速更快
PPL
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $2.3B |
| 净利润 | $110.0M | $266.0M |
| 毛利率 | 85.6% | — |
| 营业利润率 | 14.5% | 20.3% |
| 净利率 | 3.5% | 11.3% |
| 营收同比 | -4.8% | 7.2% |
| 净利润同比 | 254.9% | 50.3% |
| 每股收益（稀释后） | $0.82 | $0.35 |
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CYHPPL
| Q4 25 | $3.1B | $2.3B | ||
| Q3 25 | $3.1B | $2.2B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.2B | $2.5B | ||
| Q4 24 | $3.3B | $2.2B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.1B | $1.9B | ||
| Q1 24 | $3.1B | $2.3B |
净利润CYHPPL
| Q4 25 | $110.0M | $266.0M | ||
| Q3 25 | $130.0M | $318.0M | ||
| Q2 25 | $282.0M | $183.0M | ||
| Q1 25 | $-13.0M | $414.0M | ||
| Q4 24 | $-71.0M | $177.0M | ||
| Q3 24 | $-391.0M | $214.0M | ||
| Q2 24 | $-13.0M | $190.0M | ||
| Q1 24 | $-41.0M | $307.0M |
毛利率CYHPPL
| 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% | — |
营业利润率CYHPPL
| Q4 25 | 14.5% | 20.3% | ||
| Q3 25 | 7.9% | 25.4% | ||
| Q2 25 | 16.3% | 19.9% | ||
| Q1 25 | 9.0% | 26.6% | ||
| Q4 24 | 8.5% | 17.2% | ||
| Q3 24 | -6.6% | 20.6% | ||
| Q2 24 | 7.6% | 20.8% | ||
| Q1 24 | 7.4% | 23.7% |
净利率CYHPPL
| Q4 25 | 3.5% | 11.3% | ||
| Q3 25 | 4.2% | 14.2% | ||
| Q2 25 | 9.0% | 9.0% | ||
| Q1 25 | -0.4% | 16.3% | ||
| Q4 24 | -2.2% | 8.1% | ||
| Q3 24 | -12.7% | 10.3% | ||
| Q2 24 | -0.4% | 10.1% | ||
| Q1 24 | -1.3% | 13.3% |
每股收益（稀释后）CYHPPL
| Q4 25 | $0.82 | $0.35 | ||
| Q3 25 | $0.96 | $0.43 | ||
| Q2 25 | $2.09 | $0.25 | ||
| Q1 25 | $-0.10 | $0.56 | ||
| Q4 24 | $-0.53 | $0.23 | ||
| Q3 24 | $-2.95 | $0.29 | ||
| Q2 24 | $-0.10 | $0.26 | ||
| Q1 24 | $-0.32 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | $10.4B | $18.9B |
| 股东权益账面价值 | $-1.4B | $14.9B |
| 总资产 | $13.2B | $45.2B |
| 负债/权益比越低杠杆越低 | — | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资CYHPPL
| Q4 25 | $260.0M | $1.1B | ||
| Q3 25 | $123.0M | $1.1B | ||
| Q2 25 | $456.0M | $294.0M | ||
| Q1 25 | $431.0M | $312.0M | ||
| Q4 24 | $37.0M | $306.0M | ||
| Q3 24 | $33.0M | $542.0M | ||
| Q2 24 | $39.0M | $282.0M | ||
| Q1 24 | $48.0M | $276.0M |
总债务CYHPPL
| Q4 25 | $10.4B | $18.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $11.5B | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CYHPPL
| Q4 25 | $-1.4B | $14.9B | ||
| Q3 25 | $-1.5B | $14.4B | ||
| Q2 25 | $-1.6B | $14.3B | ||
| Q1 25 | $-1.9B | $14.3B | ||
| Q4 24 | $-1.9B | $14.1B | ||
| Q3 24 | $-1.8B | $14.1B | ||
| Q2 24 | $-1.4B | $14.1B | ||
| Q1 24 | $-1.4B | $14.1B |
总资产CYHPPL
| Q4 25 | $13.2B | $45.2B | ||
| Q3 25 | $13.2B | $43.9B | ||
| Q2 25 | $13.6B | $42.4B | ||
| Q1 25 | $13.9B | $41.8B | ||
| Q4 24 | $14.1B | $41.1B | ||
| Q3 24 | $13.9B | $40.5B | ||
| Q2 24 | $14.4B | $39.8B | ||
| Q1 24 | $14.4B | $39.6B |
负债/权益比CYHPPL
| Q4 25 | — | 1.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $266.0M | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $172.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 5.5% | -26.1% |
| 资本支出强度资本支出/营收 | 3.0% | 49.5% |
| 现金转化率经营现金流/净利润 | 2.42× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $208.0M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流CYHPPL
| Q4 25 | $266.0M | $548.0M | ||
| Q3 25 | $69.0M | $966.0M | ||
| Q2 25 | $88.0M | $602.0M | ||
| Q1 25 | $120.0M | $513.0M | ||
| Q4 24 | $216.0M | $511.0M | ||
| Q3 24 | $67.0M | $781.0M | ||
| Q2 24 | $101.0M | $766.0M | ||
| Q1 24 | $96.0M | $282.0M |
自由现金流CYHPPL
| Q4 25 | $172.0M | $-614.0M | ||
| Q3 25 | $4.0M | $-179.0M | ||
| Q2 25 | $-3.0M | $-328.0M | ||
| Q1 25 | $35.0M | $-280.0M | ||
| Q4 24 | $107.0M | $-349.0M | ||
| Q3 24 | $-3.0M | $102.0M | ||
| Q2 24 | $13.0M | $96.0M | ||
| Q1 24 | $3.0M | $-314.0M |
自由现金流率CYHPPL
| Q4 25 | 5.5% | -26.1% | ||
| Q3 25 | 0.1% | -8.0% | ||
| Q2 25 | -0.1% | -16.1% | ||
| Q1 25 | 1.1% | -11.0% | ||
| Q4 24 | 3.3% | -15.9% | ||
| Q3 24 | -0.1% | 4.9% | ||
| Q2 24 | 0.4% | 5.1% | ||
| Q1 24 | 0.1% | -13.6% |
资本支出强度CYHPPL
| Q4 25 | 3.0% | 49.5% | ||
| Q3 25 | 2.1% | 51.2% | ||
| Q2 25 | 2.9% | 45.6% | ||
| Q1 25 | 2.7% | 31.2% | ||
| Q4 24 | 3.3% | 39.3% | ||
| Q3 24 | 2.3% | 32.7% | ||
| Q2 24 | 2.8% | 35.8% | ||
| Q1 24 | 3.0% | 25.9% |
现金转化率CYHPPL
| Q4 25 | 2.42× | 2.06× | ||
| Q3 25 | 0.53× | 3.04× | ||
| Q2 25 | 0.31× | 3.29× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | — | 4.03× | ||
| Q1 24 | — | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
