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COMMUNITY HEALTH SYSTEMS INC（CYH）与Targa Resources（TRGP）财务数据对比。点击上方公司名可切换其他公司
Targa Resources的季度营收约是COMMUNITY HEALTH SYSTEMS INC的1.3倍（$4.1B vs $3.1B），Targa Resources净利率更高（13.4% vs 3.5%，领先9.9%），COMMUNITY HEALTH SYSTEMS INC同比增速更快（-4.8% vs -7.9%），Targa Resources自由现金流更多（$542.3M vs $172.0M），过去两年Targa Resources的营收复合增速更高（0.8% 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。
Targa Resources Corp.为财富500强企业，总部位于美国得克萨斯州休斯敦，是美国规模最大的中游能源基础设施企业之一，主营天然气及天然气凝液输送业务，运营资产主要集中在墨西哥湾沿岸，得克萨斯州与路易斯安那州为核心布局区域，马修·J·梅洛伊自2020年起担任首席执行官。
CYH vs TRGP — 直观对比
营收规模更大
TRGP
是对方的1.3倍
$3.1B
营收增速更快
CYH
高出3.1%
-7.9%
净利率更高
TRGP
高出9.9%
3.5%
自由现金流更多
TRGP
多$370.3M
$172.0M
两年增速更快
TRGP
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $4.1B |
| 净利润 | $110.0M | $545.0M |
| 毛利率 | 85.6% | 43.1% |
| 营业利润率 | 14.5% | 22.6% |
| 净利率 | 3.5% | 13.4% |
| 营收同比 | -4.8% | -7.9% |
| 净利润同比 | 254.9% | 55.3% |
| 每股收益（稀释后） | $0.82 | $2.51 |
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CYHTRGP
| Q4 25 | $3.1B | $4.1B | ||
| Q3 25 | $3.1B | $4.2B | ||
| Q2 25 | $3.1B | $4.3B | ||
| Q1 25 | $3.2B | $4.6B | ||
| Q4 24 | $3.3B | $4.4B | ||
| Q3 24 | $3.1B | $3.9B | ||
| Q2 24 | $3.1B | $3.0B | ||
| Q1 24 | $3.1B | $4.0B |
净利润CYHTRGP
| Q4 25 | $110.0M | $545.0M | ||
| Q3 25 | $130.0M | $478.4M | ||
| Q2 25 | $282.0M | $629.1M | ||
| Q1 25 | $-13.0M | $270.5M | ||
| Q4 24 | $-71.0M | $350.9M | ||
| Q3 24 | $-391.0M | $387.4M | ||
| Q2 24 | $-13.0M | $298.5M | ||
| Q1 24 | $-41.0M | $275.2M |
毛利率CYHTRGP
| Q4 25 | 85.6% | 43.1% | ||
| Q3 25 | 85.1% | 39.6% | ||
| Q2 25 | 85.0% | 42.8% | ||
| Q1 25 | 84.5% | 28.6% | ||
| Q4 24 | 84.5% | 33.7% | ||
| Q3 24 | 84.8% | 38.6% | ||
| Q2 24 | 84.6% | 27.9% | ||
| Q1 24 | 84.5% | 19.3% |
营业利润率CYHTRGP
| Q4 25 | 14.5% | 22.6% | ||
| Q3 25 | 7.9% | 20.2% | ||
| Q2 25 | 16.3% | 24.3% | ||
| Q1 25 | 9.0% | 11.9% | ||
| Q4 24 | 8.5% | 15.9% | ||
| Q3 24 | -6.6% | 18.9% | ||
| Q2 24 | 7.6% | 20.6% | ||
| Q1 24 | 7.4% | 16.0% |
净利率CYHTRGP
| Q4 25 | 3.5% | 13.4% | ||
| Q3 25 | 4.2% | 11.5% | ||
| Q2 25 | 9.0% | 14.8% | ||
| Q1 25 | -0.4% | 5.9% | ||
| Q4 24 | -2.2% | 8.0% | ||
| Q3 24 | -12.7% | 10.1% | ||
| Q2 24 | -0.4% | 9.8% | ||
| Q1 24 | -1.3% | 6.9% |
每股收益（稀释后）CYHTRGP
| Q4 25 | $0.82 | $2.51 | ||
| Q3 25 | $0.96 | $2.20 | ||
| Q2 25 | $2.09 | $2.87 | ||
| Q1 25 | $-0.10 | $0.91 | ||
| Q4 24 | $-0.53 | $1.44 | ||
| Q3 24 | $-2.95 | $1.75 | ||
| Q2 24 | $-0.10 | $1.33 | ||
| Q1 24 | $-0.32 | $1.22 |
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 | $166.1M |
| 总债务越低越好 | $10.4B | $16.7B |
| 股东权益账面价值 | $-1.4B | $3.1B |
| 总资产 | $13.2B | $25.2B |
| 负债/权益比越低杠杆越低 | — | 5.43× |
8季度趋势，按日历期对齐
现金及短期投资CYHTRGP
| Q4 25 | $260.0M | $166.1M | ||
| Q3 25 | $123.0M | $124.1M | ||
| Q2 25 | $456.0M | $113.1M | ||
| Q1 25 | $431.0M | $151.4M | ||
| Q4 24 | $37.0M | $157.3M | ||
| Q3 24 | $33.0M | $127.2M | ||
| Q2 24 | $39.0M | $166.4M | ||
| Q1 24 | $48.0M | $109.9M |
总债务CYHTRGP
| Q4 25 | $10.4B | $16.7B | ||
| Q3 25 | — | $16.7B | ||
| Q2 25 | — | $16.1B | ||
| Q1 25 | — | $15.5B | ||
| Q4 24 | $11.5B | $13.8B | ||
| Q3 24 | — | $13.6B | ||
| Q2 24 | — | $13.0B | ||
| Q1 24 | — | $12.5B |
股东权益CYHTRGP
| Q4 25 | $-1.4B | $3.1B | ||
| Q3 25 | $-1.5B | $2.7B | ||
| Q2 25 | $-1.6B | $2.6B | ||
| Q1 25 | $-1.9B | $2.5B | ||
| Q4 24 | $-1.9B | $2.6B | ||
| Q3 24 | $-1.8B | $2.6B | ||
| Q2 24 | $-1.4B | $2.5B | ||
| Q1 24 | $-1.4B | $2.7B |
总资产CYHTRGP
| Q4 25 | $13.2B | $25.2B | ||
| Q3 25 | $13.2B | $24.2B | ||
| Q2 25 | $13.6B | $23.5B | ||
| Q1 25 | $13.9B | $22.8B | ||
| Q4 24 | $14.1B | $22.7B | ||
| Q3 24 | $13.9B | $21.9B | ||
| Q2 24 | $14.4B | $21.3B | ||
| Q1 24 | $14.4B | $20.8B |
负债/权益比CYHTRGP
| Q4 25 | — | 5.43× | ||
| Q3 25 | — | 6.19× | ||
| Q2 25 | — | 6.21× | ||
| Q1 25 | — | 6.34× | ||
| Q4 24 | — | 5.32× | ||
| Q3 24 | — | 5.28× | ||
| Q2 24 | — | 5.25× | ||
| Q1 24 | — | 4.63× |
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 | $1.5B |
| 自由现金流经营现金流 - 资本支出 | $172.0M | $542.3M |
| 自由现金流率自由现金流/营收 | 5.5% | 13.4% |
| 资本支出强度资本支出/营收 | 3.0% | 23.8% |
| 现金转化率经营现金流/净利润 | 2.42× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $208.0M | $584.1M |
8季度趋势，按日历期对齐
经营现金流CYHTRGP
| Q4 25 | $266.0M | $1.5B | ||
| Q3 25 | $69.0M | $599.2M | ||
| Q2 25 | $88.0M | $858.3M | ||
| Q1 25 | $120.0M | $954.4M | ||
| Q4 24 | $216.0M | $1.3B | ||
| Q3 24 | $67.0M | $540.9M | ||
| Q2 24 | $101.0M | $904.5M | ||
| Q1 24 | $96.0M | $876.4M |
自由现金流CYHTRGP
| Q4 25 | $172.0M | $542.3M | ||
| Q3 25 | $4.0M | $-72.6M | ||
| Q2 25 | $-3.0M | $-47.8M | ||
| Q1 25 | $35.0M | $162.2M | ||
| Q4 24 | $107.0M | $601.0M | ||
| Q3 24 | $-3.0M | $-287.9M | ||
| Q2 24 | $13.0M | $164.2M | ||
| Q1 24 | $3.0M | $206.6M |
自由现金流率CYHTRGP
| Q4 25 | 5.5% | 13.4% | ||
| Q3 25 | 0.1% | -1.7% | ||
| Q2 25 | -0.1% | -1.1% | ||
| Q1 25 | 1.1% | 3.6% | ||
| Q4 24 | 3.3% | 13.6% | ||
| Q3 24 | -0.1% | -7.5% | ||
| Q2 24 | 0.4% | 5.4% | ||
| Q1 24 | 0.1% | 5.2% |
资本支出强度CYHTRGP
| Q4 25 | 3.0% | 23.8% | ||
| Q3 25 | 2.1% | 16.2% | ||
| Q2 25 | 2.9% | 21.3% | ||
| Q1 25 | 2.7% | 17.4% | ||
| Q4 24 | 3.3% | 16.5% | ||
| Q3 24 | 2.3% | 21.5% | ||
| Q2 24 | 2.8% | 24.3% | ||
| Q1 24 | 3.0% | 16.8% |
现金转化率CYHTRGP
| Q4 25 | 2.42× | 2.76× | ||
| Q3 25 | 0.53× | 1.25× | ||
| Q2 25 | 0.31× | 1.36× | ||
| Q1 25 | — | 3.53× | ||
| Q4 24 | — | 3.78× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 3.03× | ||
| Q1 24 | — | 3.18× |
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% |
TRGP
| Logistics And Transportation | $3.4B | 83% |
| Natural Gas Reserves | $393.1M | 10% |
| Storage Terminaling And Export | $130.9M | 3% |
| Oil And Condensate | $112.0M | 3% |
| NGL Transportation Fractionation And Services | $64.7M | 2% |
