vs
GE医疗（DHC）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是GE医疗的1.3倍（$501.3M vs $379.6M），FirstCash Holdings, Inc.净利率更高（20.8% vs -5.6%，领先26.4%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -0.0%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% 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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
DHC vs FCFS — 直观对比
营收规模更大
FCFS
是对方的1.3倍
$379.6M
营收增速更快
FCFS
高出21.2%
-0.0%
净利率更高
FCFS
高出26.4%
-5.6%
两年增速更快
FCFS
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $501.3M |
| 净利润 | $-21.2M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | -12.6% | 28.5% |
| 净利率 | -5.6% | 20.8% |
| 营收同比 | -0.0% | 21.2% |
| 净利润同比 | 75.7% | 24.7% |
| 每股收益（稀释后） | $-0.09 | $2.35 |
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DHCFCFS
| Q4 25 | $379.6M | $501.3M | ||
| Q3 25 | $388.7M | $411.0M | ||
| Q2 25 | $382.7M | $385.1M | ||
| Q1 25 | $386.9M | $371.1M | ||
| Q4 24 | $379.6M | $413.7M | ||
| Q3 24 | $373.6M | $363.1M | ||
| Q2 24 | $371.4M | $363.5M | ||
| Q1 24 | $370.8M | $366.8M |
净利润DHCFCFS
| Q4 25 | $-21.2M | $104.2M | ||
| Q3 25 | $-164.0M | $82.8M | ||
| Q2 25 | $-91.6M | $59.8M | ||
| Q1 25 | $-9.0M | $83.6M | ||
| Q4 24 | $-87.4M | $83.5M | ||
| Q3 24 | $-98.7M | $64.8M | ||
| Q2 24 | $-97.9M | $49.1M | ||
| Q1 24 | $-86.3M | $61.4M |
营业利润率DHCFCFS
| Q4 25 | -12.6% | 28.5% | ||
| Q3 25 | -43.4% | 27.4% | ||
| Q2 25 | -24.5% | 21.1% | ||
| Q1 25 | -2.7% | 30.0% | ||
| Q4 24 | -26.1% | 26.5% | ||
| Q3 24 | -26.5% | 23.5% | ||
| Q2 24 | -23.0% | 18.2% | ||
| Q1 24 | -23.7% | 22.3% |
净利率DHCFCFS
| Q4 25 | -5.6% | 20.8% | ||
| Q3 25 | -42.2% | 20.1% | ||
| Q2 25 | -23.9% | 15.5% | ||
| Q1 25 | -2.3% | 22.5% | ||
| Q4 24 | -23.0% | 20.2% | ||
| Q3 24 | -26.4% | 17.9% | ||
| Q2 24 | -26.3% | 13.5% | ||
| Q1 24 | -23.3% | 16.7% |
每股收益（稀释后）DHCFCFS
| Q4 25 | $-0.09 | $2.35 | ||
| Q3 25 | $-0.68 | $1.86 | ||
| Q2 25 | $-0.38 | $1.34 | ||
| Q1 25 | $-0.04 | $1.87 | ||
| Q4 24 | $-0.37 | $1.86 | ||
| Q3 24 | $-0.41 | $1.44 | ||
| Q2 24 | $-0.41 | $1.08 | ||
| Q1 24 | $-0.36 | $1.35 |
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 | $125.2M |
| 总债务越低越好 | $2.4B | $2.2B |
| 股东权益账面价值 | $1.7B | $2.3B |
| 总资产 | $4.4B | $5.3B |
| 负债/权益比越低杠杆越低 | 1.47× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资DHCFCFS
| Q4 25 | $105.4M | $125.2M | ||
| Q3 25 | $201.4M | $130.2M | ||
| Q2 25 | $141.8M | $101.5M | ||
| Q1 25 | $302.6M | $146.0M | ||
| Q4 24 | $144.6M | $175.1M | ||
| Q3 24 | $256.5M | $106.3M | ||
| Q2 24 | $265.6M | $113.7M | ||
| Q1 24 | $207.1M | $135.1M |
总债务DHCFCFS
| Q4 25 | $2.4B | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $3.1B | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
股东权益DHCFCFS
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | $1.7B | $2.2B | ||
| Q2 25 | $1.9B | $2.1B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $2.0B | $2.1B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $2.2B | $2.0B |
总资产DHCFCFS
| Q4 25 | $4.4B | $5.3B | ||
| Q3 25 | $4.7B | $5.2B | ||
| Q2 25 | $4.8B | $4.5B | ||
| Q1 25 | $5.0B | $4.4B | ||
| Q4 24 | $5.1B | $4.5B | ||
| Q3 24 | $5.3B | $4.4B | ||
| Q2 24 | $5.3B | $4.3B | ||
| Q1 24 | $5.3B | $4.2B |
负债/权益比DHCFCFS
| Q4 25 | 1.47× | 0.98× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | 1.56× | 0.85× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.75× |
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 | $206.6M |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | — |
| 自由现金流率自由现金流/营收 | -43.8% | — |
| 资本支出强度资本支出/营收 | 38.7% | — |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | $-280.3M | — |
8季度趋势，按日历期对齐
经营现金流DHCFCFS
| Q4 25 | $-19.6M | $206.6M | ||
| Q3 25 | $-49.3M | $135.8M | ||
| Q2 25 | $53.0M | $116.9M | ||
| Q1 25 | $-3.2M | $126.6M | ||
| Q4 24 | $112.2M | $198.1M | ||
| Q3 24 | $21.1M | $113.1M | ||
| Q2 24 | $44.3M | $106.2M | ||
| Q1 24 | $28.6M | $122.5M |
自由现金流DHCFCFS
| Q4 25 | $-166.4M | — | ||
| Q3 25 | $-89.8M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-42.9M | — | ||
| Q4 24 | $-89.5M | — | ||
| Q3 24 | $-26.1M | — | ||
| Q2 24 | $3.3M | — | ||
| Q1 24 | $-18.1M | — |
自由现金流率DHCFCFS
| Q4 25 | -43.8% | — | ||
| Q3 25 | -23.1% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -23.6% | — | ||
| Q3 24 | -7.0% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | -4.9% | — |
资本支出强度DHCFCFS
| Q4 25 | 38.7% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 53.1% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 12.6% | — |
现金转化率DHCFCFS
| Q4 25 | — | 1.98× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 2.16× | ||
| Q1 24 | — | 2.00× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
