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Definitive Healthcare Corp.（DH）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Definitive Healthcare Corp.的1.6倍（$100.0M vs $61.5M），null净利率更高（-7.0% vs -15.1%，领先8.1%），null同比增速更快（14.5% vs -1.2%），null自由现金流更多（$14.1M vs $-1.7M），过去两年Definitive Healthcare Corp.的营收复合增速更高（-1.5% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
DH vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.6倍
$61.5M
营收增速更快
SWIM
高出15.7%
-1.2%
净利率更高
SWIM
高出8.1%
-15.1%
自由现金流更多
SWIM
多$15.8M
$-1.7M
两年增速更快
DH
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.5M | $100.0M |
| 净利润 | $-9.3M | $-7.0M |
| 毛利率 | 76.2% | 28.0% |
| 营业利润率 | -43.3% | -10.7% |
| 净利率 | -15.1% | -7.0% |
| 营收同比 | -1.2% | 14.5% |
| 净利润同比 | 84.2% | 76.0% |
| 每股收益（稀释后） | $-0.14 | $-0.06 |
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DHSWIM
| Q4 25 | $61.5M | $100.0M | ||
| Q3 25 | $60.0M | $161.9M | ||
| Q2 25 | $60.8M | $172.6M | ||
| Q1 25 | $59.2M | $111.4M | ||
| Q4 24 | $62.3M | $87.3M | ||
| Q3 24 | $62.7M | $150.5M | ||
| Q2 24 | $63.7M | $160.1M | ||
| Q1 24 | $63.5M | $110.6M |
净利润DHSWIM
| Q4 25 | $-9.3M | $-7.0M | ||
| Q3 25 | $-14.8M | $8.1M | ||
| Q2 25 | $-7.6M | $16.0M | ||
| Q1 25 | $-107.2M | $-6.0M | ||
| Q4 24 | $-59.1M | $-29.2M | ||
| Q3 24 | $-130.9M | $5.9M | ||
| Q2 24 | $-213.6M | $13.3M | ||
| Q1 24 | $-9.5M | $-7.9M |
毛利率DHSWIM
| Q4 25 | 76.2% | 28.0% | ||
| Q3 25 | 76.6% | 35.4% | ||
| Q2 25 | 76.7% | 37.1% | ||
| Q1 25 | 73.9% | 29.5% | ||
| Q4 24 | 76.4% | 24.6% | ||
| Q3 24 | 78.2% | 32.4% | ||
| Q2 24 | 79.2% | 33.1% | ||
| Q1 24 | 79.4% | 27.7% |
营业利润率DHSWIM
| Q4 25 | -43.3% | -10.7% | ||
| Q3 25 | -14.5% | 13.3% | ||
| Q2 25 | -6.9% | 14.3% | ||
| Q1 25 | -312.2% | -4.4% | ||
| Q4 24 | -159.8% | -14.9% | ||
| Q3 24 | -359.5% | 8.9% | ||
| Q2 24 | -579.9% | 12.5% | ||
| Q1 24 | -25.6% | -1.9% |
净利率DHSWIM
| Q4 25 | -15.1% | -7.0% | ||
| Q3 25 | -24.7% | 5.0% | ||
| Q2 25 | -12.4% | 9.3% | ||
| Q1 25 | -181.2% | -5.4% | ||
| Q4 24 | -94.8% | -33.4% | ||
| Q3 24 | -208.8% | 3.9% | ||
| Q2 24 | -335.2% | 8.3% | ||
| Q1 24 | -15.0% | -7.1% |
每股收益（稀释后）DHSWIM
| Q4 25 | $-0.14 | $-0.06 | ||
| Q3 25 | $-0.14 | $0.07 | ||
| Q2 25 | $-0.07 | $0.13 | ||
| Q1 25 | $-0.95 | $-0.05 | ||
| Q4 24 | $-0.53 | $-0.24 | ||
| Q3 24 | $-1.12 | $0.05 | ||
| Q2 24 | $-1.81 | $0.11 | ||
| Q1 24 | $-0.08 | $-0.07 |
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 | — |
| 总债务越低越好 | $156.1M | $279.8M |
| 股东权益账面价值 | $379.0M | $405.9M |
| 总资产 | $735.5M | $823.2M |
| 负债/权益比越低杠杆越低 | 0.41× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资DHSWIM
| 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 | — | ||
| Q1 24 | $295.2M | — |
总债务DHSWIM
| Q4 25 | $156.1M | $279.8M | ||
| Q3 25 | $158.2M | $281.1M | ||
| Q2 25 | $160.3M | $281.5M | ||
| Q1 25 | $162.4M | $306.9M | ||
| Q4 24 | $229.4M | $281.5M | ||
| Q3 24 | $232.7M | $282.8M | ||
| Q2 24 | $236.0M | $282.4M | ||
| Q1 24 | $239.3M | $282.8M |
股东权益DHSWIM
| Q4 25 | $379.0M | $405.9M | ||
| Q3 25 | $389.7M | $408.4M | ||
| Q2 25 | $411.2M | $398.4M | ||
| Q1 25 | $435.9M | $381.1M | ||
| Q4 24 | $607.2M | $387.2M | ||
| Q3 24 | $695.6M | $416.6M | ||
| Q2 24 | $886.3M | $408.1M | ||
| Q1 24 | $1.2B | $391.8M |
总资产DHSWIM
| Q4 25 | $735.5M | $823.2M | ||
| Q3 25 | $755.5M | $844.4M | ||
| Q2 25 | $770.1M | $822.1M | ||
| Q1 25 | $808.7M | $824.6M | ||
| Q4 24 | $1.1B | $794.2M | ||
| Q3 24 | $1.2B | $853.4M | ||
| Q2 24 | $1.4B | $830.0M | ||
| Q1 24 | $1.8B | $808.6M |
负债/权益比DHSWIM
| Q4 25 | 0.41× | 0.69× | ||
| Q3 25 | 0.41× | 0.69× | ||
| Q2 25 | 0.39× | 0.71× | ||
| Q1 25 | 0.37× | 0.81× | ||
| Q4 24 | 0.38× | 0.73× | ||
| Q3 24 | 0.33× | 0.68× | ||
| Q2 24 | 0.27× | 0.69× | ||
| Q1 24 | 0.20× | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-1.7M | $14.1M |
| 自由现金流率自由现金流/营收 | -2.8% | 14.1% |
| 资本支出强度资本支出/营收 | 7.2% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流DHSWIM
| Q4 25 | $2.7M | $23.3M | ||
| Q3 25 | $15.7M | $51.0M | ||
| Q2 25 | $9.3M | $36.0M | ||
| Q1 25 | $26.1M | $-46.9M | ||
| Q4 24 | $8.1M | $6.2M | ||
| Q3 24 | $19.4M | $37.2M | ||
| Q2 24 | $14.0M | $52.4M | ||
| Q1 24 | $16.6M | $-34.5M |
自由现金流DHSWIM
| Q4 25 | $-1.7M | $14.1M | ||
| Q3 25 | $13.4M | $45.2M | ||
| Q2 25 | $7.0M | $29.1M | ||
| Q1 25 | $18.4M | $-50.3M | ||
| Q4 24 | $-2.8M | $-98.0K | ||
| Q3 24 | $18.7M | $33.2M | ||
| Q2 24 | $13.6M | $47.9M | ||
| Q1 24 | $16.3M | $-39.9M |
自由现金流率DHSWIM
| Q4 25 | -2.8% | 14.1% | ||
| Q3 25 | 22.3% | 27.9% | ||
| Q2 25 | 11.5% | 16.8% | ||
| Q1 25 | 31.0% | -45.2% | ||
| Q4 24 | -4.4% | -0.1% | ||
| Q3 24 | 29.8% | 22.1% | ||
| Q2 24 | 21.4% | 29.9% | ||
| Q1 24 | 25.7% | -36.0% |
资本支出强度DHSWIM
| Q4 25 | 7.2% | 9.2% | ||
| Q3 25 | 3.8% | 3.6% | ||
| Q2 25 | 3.8% | 4.0% | ||
| Q1 25 | 13.0% | 3.1% | ||
| Q4 24 | 17.5% | 7.2% | ||
| Q3 24 | 1.2% | 2.7% | ||
| Q2 24 | 0.6% | 2.8% | ||
| Q1 24 | 0.4% | 4.8% |
现金转化率DHSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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
DH
| Subscription Services | $58.5M | 95% |
| Professional Services | $3.0M | 5% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
