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Definitive Healthcare Corp.（DH）与合众银行（FSBC）财务数据对比。点击上方公司名可切换其他公司
Definitive Healthcare Corp.的季度营收约是合众银行的1.4倍（$61.5M vs $45.1M），合众银行净利率更高（41.3% vs -15.1%，领先56.4%），过去两年合众银行的营收复合增速更高（21.3% vs -1.5%）
该企业是一家美国公司，主打非处方医疗健康产品与家居清洁产品的营销和分销。公司于1996年由美德泰产品公司、威望品牌国际与斯皮克Span公司合并成立，总部设在纽约塔里敦，在弗吉尼亚州林奇堡设有生产工厂。
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
DH vs FSBC — 直观对比
营收规模更大
DH
是对方的1.4倍
$45.1M
净利率更高
FSBC
高出56.4%
-15.1%
两年增速更快
FSBC
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $61.5M | $45.1M |
| 净利润 | $-9.3M | $18.6M |
| 毛利率 | 76.2% | — |
| 营业利润率 | -43.3% | — |
| 净利率 | -15.1% | 41.3% |
| 营收同比 | -1.2% | — |
| 净利润同比 | 84.2% | 42.0% |
| 每股收益（稀释后） | $-0.14 | $0.87 |
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DHFSBC
| Q1 26 | — | $45.1M | ||
| Q4 25 | $61.5M | $43.5M | ||
| Q3 25 | $60.0M | $41.3M | ||
| Q2 25 | $60.8M | $38.3M | ||
| Q1 25 | $59.2M | $35.3M | ||
| Q4 24 | $62.3M | $35.2M | ||
| Q3 24 | $62.7M | $31.8M | ||
| Q2 24 | $63.7M | $30.7M |
净利润DHFSBC
| Q1 26 | — | $18.6M | ||
| Q4 25 | $-9.3M | $17.6M | ||
| Q3 25 | $-14.8M | $16.3M | ||
| Q2 25 | $-7.6M | $14.5M | ||
| Q1 25 | $-107.2M | $13.1M | ||
| Q4 24 | $-59.1M | $13.3M | ||
| Q3 24 | $-130.9M | $10.9M | ||
| Q2 24 | $-213.6M | $10.8M |
毛利率DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | 76.2% | — | ||
| Q3 25 | 76.6% | — | ||
| Q2 25 | 76.7% | — | ||
| Q1 25 | 73.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 78.2% | — | ||
| Q2 24 | 79.2% | — |
营业利润率DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | -43.3% | 52.9% | ||
| Q3 25 | -14.5% | 53.8% | ||
| Q2 25 | -6.9% | 52.4% | ||
| Q1 25 | -312.2% | 52.0% | ||
| Q4 24 | -159.8% | 55.1% | ||
| Q3 24 | -359.5% | 48.0% | ||
| Q2 24 | -579.9% | 49.4% |
净利率DHFSBC
| Q1 26 | — | 41.3% | ||
| Q4 25 | -15.1% | 40.6% | ||
| Q3 25 | -24.7% | 39.6% | ||
| Q2 25 | -12.4% | 37.9% | ||
| Q1 25 | -181.2% | 37.1% | ||
| Q4 24 | -94.8% | 37.9% | ||
| Q3 24 | -208.8% | 34.4% | ||
| Q2 24 | -335.2% | 35.2% |
每股收益（稀释后）DHFSBC
| Q1 26 | — | $0.87 | ||
| Q4 25 | $-0.14 | $0.83 | ||
| Q3 25 | $-0.14 | $0.77 | ||
| Q2 25 | $-0.07 | $0.68 | ||
| Q1 25 | $-0.95 | $0.62 | ||
| Q4 24 | $-0.53 | $0.61 | ||
| Q3 24 | $-1.12 | $0.52 | ||
| Q2 24 | $-1.81 | $0.51 |
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 | $180.9M | $644.4M |
| 总债务越低越好 | $156.1M | — |
| 股东权益账面价值 | $379.0M | $458.5M |
| 总资产 | $735.5M | $5.0B |
| 负债/权益比越低杠杆越低 | 0.41× | — |
8季度趋势，按日历期对齐
现金及短期投资DHFSBC
| Q1 26 | — | $644.4M | ||
| Q4 25 | $180.9M | — | ||
| Q3 25 | $185.9M | — | ||
| Q2 25 | $184.2M | — | ||
| Q1 25 | $200.7M | — | ||
| Q4 24 | $290.2M | — | ||
| Q3 24 | $305.4M | — | ||
| Q2 24 | $296.5M | — |
总债务DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | $156.1M | — | ||
| Q3 25 | $158.2M | — | ||
| Q2 25 | $160.3M | — | ||
| Q1 25 | $162.4M | — | ||
| Q4 24 | $229.4M | — | ||
| Q3 24 | $232.7M | — | ||
| Q2 24 | $236.0M | — |
股东权益DHFSBC
| Q1 26 | — | $458.5M | ||
| Q4 25 | $379.0M | $445.8M | ||
| Q3 25 | $389.7M | $431.3M | ||
| Q2 25 | $411.2M | $416.7M | ||
| Q1 25 | $435.9M | $406.5M | ||
| Q4 24 | $607.2M | $396.6M | ||
| Q3 24 | $695.6M | $389.9M | ||
| Q2 24 | $886.3M | $380.5M |
总资产DHFSBC
| Q1 26 | — | $5.0B | ||
| Q4 25 | $735.5M | $4.8B | ||
| Q3 25 | $755.5M | $4.6B | ||
| Q2 25 | $770.1M | $4.4B | ||
| Q1 25 | $808.7M | $4.2B | ||
| Q4 24 | $1.1B | $4.1B | ||
| Q3 24 | $1.2B | $3.9B | ||
| Q2 24 | $1.4B | $3.6B |
负债/权益比DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | 0.41× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.39× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.33× | — | ||
| Q2 24 | 0.27× | — |
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 | $2.7M | — |
| 自由现金流经营现金流 - 资本支出 | $-1.7M | — |
| 自由现金流率自由现金流/营收 | -2.8% | — |
| 资本支出强度资本支出/营收 | 7.2% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $37.1M | — |
8季度趋势，按日历期对齐
经营现金流DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | $2.7M | $72.6M | ||
| Q3 25 | $15.7M | $18.8M | ||
| Q2 25 | $9.3M | $17.8M | ||
| Q1 25 | $26.1M | $15.5M | ||
| Q4 24 | $8.1M | $51.8M | ||
| Q3 24 | $19.4M | $17.5M | ||
| Q2 24 | $14.0M | $16.0M |
自由现金流DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | $-1.7M | $71.4M | ||
| Q3 25 | $13.4M | $18.6M | ||
| Q2 25 | $7.0M | $17.5M | ||
| Q1 25 | $18.4M | $15.4M | ||
| Q4 24 | $-2.8M | $51.2M | ||
| Q3 24 | $18.7M | $17.3M | ||
| Q2 24 | $13.6M | $15.8M |
自由现金流率DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | -2.8% | 164.3% | ||
| Q3 25 | 22.3% | 45.0% | ||
| Q2 25 | 11.5% | 45.8% | ||
| Q1 25 | 31.0% | 43.5% | ||
| Q4 24 | -4.4% | 145.5% | ||
| Q3 24 | 29.8% | 54.5% | ||
| Q2 24 | 21.4% | 51.6% |
资本支出强度DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | 7.2% | 2.8% | ||
| Q3 25 | 3.8% | 0.5% | ||
| Q2 25 | 3.8% | 0.6% | ||
| Q1 25 | 13.0% | 0.3% | ||
| Q4 24 | 17.5% | 1.8% | ||
| Q3 24 | 1.2% | 0.7% | ||
| Q2 24 | 0.6% | 0.7% |
现金转化率DHFSBC
| Q1 26 | — | — | ||
| Q4 25 | — | 4.12× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.23× | ||
| Q1 25 | — | 1.18× | ||
| Q4 24 | — | 3.89× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 1.49× |
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
DH
| Subscription Services | $58.5M | 95% |
| Professional Services | $3.0M | 5% |
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
