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GE医疗（DHC）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
GE医疗的季度营收约是Forestar Group Inc.的1.4倍（$379.6M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -5.6%，领先11.2%），Forestar Group Inc.同比增速更快（9.0% vs -0.0%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-166.4M），过去两年GE医疗的营收复合增速更高（1.2% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
DHC vs FOR — 直观对比
营收规模更大
DHC
是对方的1.4倍
$273.0M
营收增速更快
FOR
高出9.0%
-0.0%
净利率更高
FOR
高出11.2%
-5.6%
自由现金流更多
FOR
多$9.3M
$-166.4M
两年增速更快
DHC
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $273.0M |
| 净利润 | $-21.2M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | -12.6% | 7.6% |
| 净利率 | -5.6% | 5.6% |
| 营收同比 | -0.0% | 9.0% |
| 净利润同比 | 75.7% | -6.7% |
| 每股收益（稀释后） | $-0.09 | $0.30 |
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DHCFOR
| Q4 25 | $379.6M | $273.0M | ||
| Q3 25 | $388.7M | $670.5M | ||
| Q2 25 | $382.7M | $390.5M | ||
| Q1 25 | $386.9M | $351.0M | ||
| Q4 24 | $379.6M | $250.4M | ||
| Q3 24 | $373.6M | $551.3M | ||
| Q2 24 | $371.4M | $318.4M | ||
| Q1 24 | $370.8M | $333.8M |
净利润DHCFOR
| Q4 25 | $-21.2M | $15.4M | ||
| Q3 25 | $-164.0M | $86.9M | ||
| Q2 25 | $-91.6M | $32.9M | ||
| Q1 25 | $-9.0M | $31.6M | ||
| Q4 24 | $-87.4M | $16.5M | ||
| Q3 24 | $-98.7M | $81.5M | ||
| Q2 24 | $-97.9M | $38.7M | ||
| Q1 24 | $-86.3M | $45.0M |
毛利率DHCFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
营业利润率DHCFOR
| Q4 25 | -12.6% | 7.6% | ||
| Q3 25 | -43.4% | 16.9% | ||
| Q2 25 | -24.5% | 11.2% | ||
| Q1 25 | -2.7% | 11.6% | ||
| Q4 24 | -26.1% | 8.7% | ||
| Q3 24 | -26.5% | 19.7% | ||
| Q2 24 | -23.0% | 16.2% | ||
| Q1 24 | -23.7% | 17.6% |
净利率DHCFOR
| Q4 25 | -5.6% | 5.6% | ||
| Q3 25 | -42.2% | 13.0% | ||
| Q2 25 | -23.9% | 8.4% | ||
| Q1 25 | -2.3% | 9.0% | ||
| Q4 24 | -23.0% | 6.6% | ||
| Q3 24 | -26.4% | 14.8% | ||
| Q2 24 | -26.3% | 12.2% | ||
| Q1 24 | -23.3% | 13.5% |
每股收益（稀释后）DHCFOR
| Q4 25 | $-0.09 | $0.30 | ||
| Q3 25 | $-0.68 | $1.70 | ||
| Q2 25 | $-0.38 | $0.65 | ||
| Q1 25 | $-0.04 | $0.62 | ||
| Q4 24 | $-0.37 | $0.32 | ||
| Q3 24 | $-0.41 | $1.59 | ||
| Q2 24 | $-0.41 | $0.76 | ||
| Q1 24 | $-0.36 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $2.4B | $793.2M |
| 股东权益账面价值 | $1.7B | $1.8B |
| 总资产 | $4.4B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.47× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资DHCFOR
| Q4 25 | $105.4M | $211.7M | ||
| Q3 25 | $201.4M | $379.2M | ||
| Q2 25 | $141.8M | $189.2M | ||
| Q1 25 | $302.6M | $174.3M | ||
| Q4 24 | $144.6M | $132.0M | ||
| Q3 24 | $256.5M | $481.2M | ||
| Q2 24 | $265.6M | $359.2M | ||
| Q1 24 | $207.1M | $416.2M |
总债务DHCFOR
| Q4 25 | $2.4B | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | $3.1B | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益DHCFOR
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $2.0B | $1.6B | ||
| Q2 24 | $2.1B | $1.5B | ||
| Q1 24 | $2.2B | $1.5B |
总资产DHCFOR
| Q4 25 | $4.4B | $3.2B | ||
| Q3 25 | $4.7B | $3.1B | ||
| Q2 25 | $4.8B | $3.1B | ||
| Q1 25 | $5.0B | $3.0B | ||
| Q4 24 | $5.1B | $3.0B | ||
| Q3 24 | $5.3B | $2.8B | ||
| Q2 24 | $5.3B | $2.7B | ||
| Q1 24 | $5.3B | $2.6B |
负债/权益比DHCFOR
| Q4 25 | 1.47× | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 1.56× | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | $-157.1M |
| 自由现金流率自由现金流/营收 | -43.8% | -57.5% |
| 资本支出强度资本支出/营收 | 38.7% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $-280.3M | $93.0M |
8季度趋势，按日历期对齐
经营现金流DHCFOR
| Q4 25 | $-19.6M | $-157.0M | ||
| Q3 25 | $-49.3M | $256.3M | ||
| Q2 25 | $53.0M | $15.8M | ||
| Q1 25 | $-3.2M | $-19.8M | ||
| Q4 24 | $112.2M | $-450.0M | ||
| Q3 24 | $21.1M | $119.2M | ||
| Q2 24 | $44.3M | $-61.7M | ||
| Q1 24 | $28.6M | $-59.2M |
自由现金流DHCFOR
| Q4 25 | $-166.4M | $-157.1M | ||
| Q3 25 | $-89.8M | $255.6M | ||
| Q2 25 | $18.8M | $15.0M | ||
| Q1 25 | $-42.9M | $-20.5M | ||
| Q4 24 | $-89.5M | — | ||
| Q3 24 | $-26.1M | $118.4M | ||
| Q2 24 | $3.3M | $-62.3M | ||
| Q1 24 | $-18.1M | $-59.8M |
自由现金流率DHCFOR
| Q4 25 | -43.8% | -57.5% | ||
| Q3 25 | -23.1% | 38.1% | ||
| Q2 25 | 4.9% | 3.8% | ||
| Q1 25 | -11.1% | -5.8% | ||
| Q4 24 | -23.6% | — | ||
| Q3 24 | -7.0% | 21.5% | ||
| Q2 24 | 0.9% | -19.6% | ||
| Q1 24 | -4.9% | -17.9% |
资本支出强度DHCFOR
| Q4 25 | 38.7% | 0.0% | ||
| Q3 25 | 10.4% | 0.1% | ||
| Q2 25 | 8.9% | 0.2% | ||
| Q1 25 | 10.2% | 0.2% | ||
| Q4 24 | 53.1% | 0.0% | ||
| Q3 24 | 12.6% | 0.1% | ||
| Q2 24 | 11.0% | 0.2% | ||
| Q1 24 | 12.6% | 0.2% |
现金转化率DHCFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | — | -1.32× |
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% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
