vs
GE医疗（DHC）与DXP ENTERPRISES INC（DXPE）财务数据对比。点击上方公司名可切换其他公司
DXP ENTERPRISES INC的季度营收约是GE医疗的1.4倍（$527.4M vs $379.6M），DXP ENTERPRISES INC净利率更高（4.3% vs -5.6%，领先9.9%），DXP ENTERPRISES INC同比增速更快（12.0% vs -0.0%），DXP ENTERPRISES INC自由现金流更多（$34.5M vs $-166.4M），过去两年DXP ENTERPRISES INC的营收复合增速更高（13.1% vs 1.2%）
GE医疗是一家总部位于美国伊利诺伊州芝加哥市的医疗科技企业，业务涵盖四大板块：医疗影像设备，包括分子成像、CT、核磁共振、妇科健康筛查及X光系统；超声设备；患者护理解决方案，聚焦远程患者监测、麻醉呼吸护理、心脏诊断及婴幼儿护理；此外还涉及医药相关领域，是全球医疗行业的知名企业。
DXP Enterprises Inc.是一家领先的工业分销企业，提供维护、维修、运营（MRO）用品、流体处理设备、泵系统及相关技术服务，主要服务制造业、能源、矿业、建筑等领域客户，核心市场覆盖北美地区。
DHC vs DXPE — 直观对比
营收规模更大
DXPE
是对方的1.4倍
$379.6M
营收增速更快
DXPE
高出12.0%
-0.0%
净利率更高
DXPE
高出9.9%
-5.6%
自由现金流更多
DXPE
多$200.9M
$-166.4M
两年增速更快
DXPE
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $527.4M |
| 净利润 | $-21.2M | $22.8M |
| 毛利率 | — | 31.6% |
| 营业利润率 | -12.6% | 8.8% |
| 净利率 | -5.6% | 4.3% |
| 营收同比 | -0.0% | 12.0% |
| 净利润同比 | 75.7% | 6.9% |
| 每股收益（稀释后） | $-0.09 | $1.38 |
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DHCDXPE
| Q4 25 | $379.6M | $527.4M | ||
| Q3 25 | $388.7M | $513.7M | ||
| Q2 25 | $382.7M | $498.7M | ||
| Q1 25 | $386.9M | $476.6M | ||
| Q4 24 | $379.6M | $470.9M | ||
| Q3 24 | $373.6M | $472.9M | ||
| Q2 24 | $371.4M | $445.6M | ||
| Q1 24 | $370.8M | $412.6M |
净利润DHCDXPE
| Q4 25 | $-21.2M | $22.8M | ||
| Q3 25 | $-164.0M | $21.6M | ||
| Q2 25 | $-91.6M | $23.6M | ||
| Q1 25 | $-9.0M | $20.6M | ||
| Q4 24 | $-87.4M | $21.4M | ||
| Q3 24 | $-98.7M | $21.1M | ||
| Q2 24 | $-97.9M | $16.7M | ||
| Q1 24 | $-86.3M | $11.3M |
毛利率DHCDXPE
| Q4 25 | — | 31.6% | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 31.5% | ||
| Q3 24 | — | 30.9% | ||
| Q2 24 | — | 30.9% | ||
| Q1 24 | — | 30.0% |
营业利润率DHCDXPE
| Q4 25 | -12.6% | 8.8% | ||
| Q3 25 | -43.4% | 8.5% | ||
| Q2 25 | -24.5% | 9.2% | ||
| Q1 25 | -2.7% | 8.5% | ||
| Q4 24 | -26.1% | 8.3% | ||
| Q3 24 | -26.5% | 8.4% | ||
| Q2 24 | -23.0% | 8.4% | ||
| Q1 24 | -23.7% | 7.1% |
净利率DHCDXPE
| Q4 25 | -5.6% | 4.3% | ||
| Q3 25 | -42.2% | 4.2% | ||
| Q2 25 | -23.9% | 4.7% | ||
| Q1 25 | -2.3% | 4.3% | ||
| Q4 24 | -23.0% | 4.5% | ||
| Q3 24 | -26.4% | 4.5% | ||
| Q2 24 | -26.3% | 3.7% | ||
| Q1 24 | -23.3% | 2.7% |
每股收益（稀释后）DHCDXPE
| Q4 25 | $-0.09 | $1.38 | ||
| Q3 25 | $-0.68 | $1.31 | ||
| Q2 25 | $-0.38 | $1.43 | ||
| Q1 25 | $-0.04 | $1.25 | ||
| Q4 24 | $-0.37 | $1.28 | ||
| Q3 24 | $-0.41 | $1.27 | ||
| Q2 24 | $-0.41 | $1.00 | ||
| Q1 24 | $-0.36 | $0.67 |
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 | $105.4M | $303.8M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $1.7B | $498.4M |
| 总资产 | $4.4B | $1.7B |
| 负债/权益比越低杠杆越低 | 1.47× | — |
8季度趋势，按日历期对齐
现金及短期投资DHCDXPE
| Q4 25 | $105.4M | $303.8M | ||
| Q3 25 | $201.4M | $123.8M | ||
| Q2 25 | $141.8M | $112.9M | ||
| Q1 25 | $302.6M | $114.3M | ||
| Q4 24 | $144.6M | $148.3M | ||
| Q3 24 | $256.5M | $35.0M | ||
| Q2 24 | $265.6M | $49.9M | ||
| Q1 24 | $207.1M | $139.7M |
总债务DHCDXPE
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DHCDXPE
| Q4 25 | $1.7B | $498.4M | ||
| Q3 25 | $1.7B | $488.3M | ||
| Q2 25 | $1.9B | $468.1M | ||
| Q1 25 | $1.9B | $444.7M | ||
| Q4 24 | $2.0B | $422.8M | ||
| Q3 24 | $2.0B | $402.4M | ||
| Q2 24 | $2.1B | $384.7M | ||
| Q1 24 | $2.2B | $375.5M |
总资产DHCDXPE
| Q4 25 | $4.4B | $1.7B | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.8B | $1.4B | ||
| Q1 25 | $5.0B | $1.4B | ||
| Q4 24 | $5.1B | $1.3B | ||
| Q3 24 | $5.3B | $1.2B | ||
| Q2 24 | $5.3B | $1.2B | ||
| Q1 24 | $5.3B | $1.2B |
负债/权益比DHCDXPE
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.56× | — | ||
| 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 | $-19.6M | $37.8M |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | $34.5M |
| 自由现金流率自由现金流/营收 | -43.8% | 6.5% |
| 资本支出强度资本支出/营收 | 38.7% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 过去12个月自由现金流最近4个季度 | $-280.3M | $54.0M |
8季度趋势，按日历期对齐
经营现金流DHCDXPE
| Q4 25 | $-19.6M | $37.8M | ||
| Q3 25 | $-49.3M | $34.9M | ||
| Q2 25 | $53.0M | $18.6M | ||
| Q1 25 | $-3.2M | $3.0M | ||
| Q4 24 | $112.2M | $32.1M | ||
| Q3 24 | $21.1M | $28.3M | ||
| Q2 24 | $44.3M | $14.7M | ||
| Q1 24 | $28.6M | $27.0M |
自由现金流DHCDXPE
| Q4 25 | $-166.4M | $34.5M | ||
| Q3 25 | $-89.8M | $28.1M | ||
| Q2 25 | $18.8M | $8.3M | ||
| Q1 25 | $-42.9M | $-16.9M | ||
| Q4 24 | $-89.5M | $22.7M | ||
| Q3 24 | $-26.1M | $24.4M | ||
| Q2 24 | $3.3M | $5.9M | ||
| Q1 24 | $-18.1M | $24.1M |
自由现金流率DHCDXPE
| Q4 25 | -43.8% | 6.5% | ||
| Q3 25 | -23.1% | 5.5% | ||
| Q2 25 | 4.9% | 1.7% | ||
| Q1 25 | -11.1% | -3.6% | ||
| Q4 24 | -23.6% | 4.8% | ||
| Q3 24 | -7.0% | 5.2% | ||
| Q2 24 | 0.9% | 1.3% | ||
| Q1 24 | -4.9% | 5.8% |
资本支出强度DHCDXPE
| Q4 25 | 38.7% | 0.6% | ||
| Q3 25 | 10.4% | 1.3% | ||
| Q2 25 | 8.9% | 2.1% | ||
| Q1 25 | 10.2% | 4.2% | ||
| Q4 24 | 53.1% | 2.0% | ||
| Q3 24 | 12.6% | 0.8% | ||
| Q2 24 | 11.0% | 2.0% | ||
| Q1 24 | 12.6% | 0.7% |
现金转化率DHCDXPE
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 1.50× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 2.38× |
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
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
DXPE
| Service Centers | $356.2M | 68% |
| Innovative Pumping Solutions | $110.0M | 21% |
| Supply Chain Services | $61.2M | 12% |
