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GE医疗（DHC）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是GE医疗的1.2倍（$463.1M vs $379.6M），Mativ Holdings, Inc.净利率更高（21.8% vs -5.6%，领先27.4%），Mativ Holdings, Inc.同比增速更快（1.0% vs -0.0%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-166.4M），过去两年GE医疗的营收复合增速更高（1.2% vs -3.8%）
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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
DHC vs MATV — 直观对比
营收规模更大
MATV
是对方的1.2倍
$379.6M
营收增速更快
MATV
高出1.0%
-0.0%
净利率更高
MATV
高出27.4%
-5.6%
自由现金流更多
MATV
多$174.4M
$-166.4M
两年增速更快
DHC
近两年复合增速
-3.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $463.1M |
| 净利润 | $-21.2M | $100.8M |
| 毛利率 | — | 18.8% |
| 营业利润率 | -12.6% | 2.2% |
| 净利率 | -5.6% | 21.8% |
| 营收同比 | -0.0% | 1.0% |
| 净利润同比 | 75.7% | 6620.0% |
| 每股收益（稀释后） | $-0.09 | $1.87 |
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DHCMATV
| Q4 25 | $379.6M | $463.1M | ||
| Q3 25 | $388.7M | $513.7M | ||
| Q2 25 | $382.7M | $525.4M | ||
| Q1 25 | $386.9M | $484.8M | ||
| Q4 24 | $379.6M | $458.6M | ||
| Q3 24 | $373.6M | $498.5M | ||
| Q2 24 | $371.4M | $523.8M | ||
| Q1 24 | $370.8M | $500.2M |
净利润DHCMATV
| Q4 25 | $-21.2M | $100.8M | ||
| Q3 25 | $-164.0M | $-3.2M | ||
| Q2 25 | $-91.6M | $-9.5M | ||
| Q1 25 | $-9.0M | $-425.5M | ||
| Q4 24 | $-87.4M | $1.5M | ||
| Q3 24 | $-98.7M | $-20.8M | ||
| Q2 24 | $-97.9M | $-1.4M | ||
| Q1 24 | $-86.3M | $-28.0M |
毛利率DHCMATV
| Q4 25 | — | 18.8% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 19.7% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 16.9% | ||
| Q3 24 | — | 18.8% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 16.8% |
营业利润率DHCMATV
| Q4 25 | -12.6% | 2.2% | ||
| Q3 25 | -43.4% | 3.1% | ||
| Q2 25 | -24.5% | 3.8% | ||
| Q1 25 | -2.7% | -88.8% | ||
| Q4 24 | -26.1% | 0.6% | ||
| Q3 24 | -26.5% | 1.4% | ||
| Q2 24 | -23.0% | 2.0% | ||
| Q1 24 | -23.7% | -2.8% |
净利率DHCMATV
| Q4 25 | -5.6% | 21.8% | ||
| Q3 25 | -42.2% | -0.6% | ||
| Q2 25 | -23.9% | -1.8% | ||
| Q1 25 | -2.3% | -87.8% | ||
| Q4 24 | -23.0% | 0.3% | ||
| Q3 24 | -26.4% | -4.2% | ||
| Q2 24 | -26.3% | -0.3% | ||
| Q1 24 | -23.3% | -5.6% |
每股收益（稀释后）DHCMATV
| Q4 25 | $-0.09 | $1.87 | ||
| Q3 25 | $-0.68 | $-0.06 | ||
| Q2 25 | $-0.38 | $-0.18 | ||
| Q1 25 | $-0.04 | $-7.82 | ||
| Q4 24 | $-0.37 | $0.03 | ||
| Q3 24 | $-0.41 | $-0.38 | ||
| Q2 24 | $-0.41 | $-0.03 | ||
| Q1 24 | $-0.36 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | $2.4B | $1.0B |
| 股东权益账面价值 | $1.7B | $498.7M |
| 总资产 | $4.4B | $2.1B |
| 负债/权益比越低杠杆越低 | 1.47× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资DHCMATV
| Q4 25 | $105.4M | $84.2M | ||
| Q3 25 | $201.4M | $97.1M | ||
| Q2 25 | $141.8M | $95.6M | ||
| Q1 25 | $302.6M | $84.0M | ||
| Q4 24 | $144.6M | $94.3M | ||
| Q3 24 | $256.5M | $162.2M | ||
| Q2 24 | $265.6M | $133.4M | ||
| Q1 24 | $207.1M | $128.9M |
总债务DHCMATV
| Q4 25 | $2.4B | $1.0B | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $3.1B | $1.1B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益DHCMATV
| Q4 25 | $1.7B | $498.7M | ||
| Q3 25 | $1.7B | $397.4M | ||
| Q2 25 | $1.9B | $416.6M | ||
| Q1 25 | $1.9B | $428.2M | ||
| Q4 24 | $2.0B | $858.5M | ||
| Q3 24 | $2.0B | $882.3M | ||
| Q2 24 | $2.1B | $898.0M | ||
| Q1 24 | $2.2B | $906.9M |
总资产DHCMATV
| Q4 25 | $4.4B | $2.1B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.8B | $2.1B | ||
| Q1 25 | $5.0B | $2.1B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $5.3B | $2.6B | ||
| Q2 24 | $5.3B | $2.6B | ||
| Q1 24 | $5.3B | $2.7B |
负债/权益比DHCMATV
| Q4 25 | 1.47× | 2.07× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | — | 2.66× | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | 1.56× | 1.30× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | $8.0M |
| 自由现金流率自由现金流/营收 | -43.8% | 1.7% |
| 资本支出强度资本支出/营收 | 38.7% | 2.4% |
| 现金转化率经营现金流/净利润 | — | 0.19× |
| 过去12个月自由现金流最近4个季度 | $-280.3M | $93.8M |
8季度趋势，按日历期对齐
经营现金流DHCMATV
| Q4 25 | $-19.6M | $19.3M | ||
| Q3 25 | $-49.3M | $72.8M | ||
| Q2 25 | $53.0M | $57.6M | ||
| Q1 25 | $-3.2M | $-15.9M | ||
| Q4 24 | $112.2M | $24.1M | ||
| Q3 24 | $21.1M | $37.6M | ||
| Q2 24 | $44.3M | $46.1M | ||
| Q1 24 | $28.6M | $-13.0M |
自由现金流DHCMATV
| Q4 25 | $-166.4M | $8.0M | ||
| Q3 25 | $-89.8M | $66.7M | ||
| Q2 25 | $18.8M | $48.9M | ||
| Q1 25 | $-42.9M | $-29.8M | ||
| Q4 24 | $-89.5M | $2.0M | ||
| Q3 24 | $-26.1M | $25.5M | ||
| Q2 24 | $3.3M | $37.4M | ||
| Q1 24 | $-18.1M | $-25.1M |
自由现金流率DHCMATV
| Q4 25 | -43.8% | 1.7% | ||
| Q3 25 | -23.1% | 13.0% | ||
| Q2 25 | 4.9% | 9.3% | ||
| Q1 25 | -11.1% | -6.1% | ||
| Q4 24 | -23.6% | 0.4% | ||
| Q3 24 | -7.0% | 5.1% | ||
| Q2 24 | 0.9% | 7.1% | ||
| Q1 24 | -4.9% | -5.0% |
资本支出强度DHCMATV
| Q4 25 | 38.7% | 2.4% | ||
| Q3 25 | 10.4% | 1.2% | ||
| Q2 25 | 8.9% | 1.7% | ||
| Q1 25 | 10.2% | 2.9% | ||
| Q4 24 | 53.1% | 4.8% | ||
| Q3 24 | 12.6% | 2.4% | ||
| Q2 24 | 11.0% | 1.7% | ||
| Q1 24 | 12.6% | 2.4% |
现金转化率DHCMATV
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 16.07× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
