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GE医疗（DHC）与PROGRESS SOFTWARE CORP（PRGS）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PROGRESS SOFTWARE CORP的1.5倍（$379.6M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs -5.6%，领先15.8%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs -0.0%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $-166.4M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
DHC vs PRGS — 直观对比
营收规模更大
DHC
是对方的1.5倍
$252.7M
营收增速更快
PRGS
高出17.6%
-0.0%
净利率更高
PRGS
高出15.8%
-5.6%
自由现金流更多
PRGS
多$226.4M
$-166.4M
两年增速更快
PRGS
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $252.7M |
| 净利润 | $-21.2M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | -12.6% | 15.2% |
| 净利率 | -5.6% | 10.2% |
| 营收同比 | -0.0% | 17.5% |
| 净利润同比 | 75.7% | 2144.6% |
| 每股收益（稀释后） | $-0.09 | $0.59 |
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DHCPRGS
| Q4 25 | $379.6M | $252.7M | ||
| Q3 25 | $388.7M | $249.8M | ||
| Q2 25 | $382.7M | $237.4M | ||
| Q1 25 | $386.9M | $238.0M | ||
| Q4 24 | $379.6M | $215.0M | ||
| Q3 24 | $373.6M | $178.7M | ||
| Q2 24 | $371.4M | $175.1M | ||
| Q1 24 | $370.8M | $184.7M |
净利润DHCPRGS
| Q4 25 | $-21.2M | $25.7M | ||
| Q3 25 | $-164.0M | $19.4M | ||
| Q2 25 | $-91.6M | $17.0M | ||
| Q1 25 | $-9.0M | $10.9M | ||
| Q4 24 | $-87.4M | $1.1M | ||
| Q3 24 | $-98.7M | $28.5M | ||
| Q2 24 | $-97.9M | $16.2M | ||
| Q1 24 | $-86.3M | $22.6M |
毛利率DHCPRGS
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% | ||
| Q1 24 | — | 82.2% |
营业利润率DHCPRGS
| Q4 25 | -12.6% | 15.2% | ||
| Q3 25 | -43.4% | 17.6% | ||
| Q2 25 | -24.5% | 16.3% | ||
| Q1 25 | -2.7% | 13.6% | ||
| Q4 24 | -26.1% | 10.0% | ||
| Q3 24 | -26.5% | 22.6% | ||
| Q2 24 | -23.0% | 15.5% | ||
| Q1 24 | -23.7% | 19.0% |
净利率DHCPRGS
| Q4 25 | -5.6% | 10.2% | ||
| Q3 25 | -42.2% | 7.8% | ||
| Q2 25 | -23.9% | 7.2% | ||
| Q1 25 | -2.3% | 4.6% | ||
| Q4 24 | -23.0% | 0.5% | ||
| Q3 24 | -26.4% | 15.9% | ||
| Q2 24 | -26.3% | 9.2% | ||
| Q1 24 | -23.3% | 12.3% |
每股收益（稀释后）DHCPRGS
| Q4 25 | $-0.09 | $0.59 | ||
| Q3 25 | $-0.68 | $0.44 | ||
| Q2 25 | $-0.38 | $0.39 | ||
| Q1 25 | $-0.04 | $0.24 | ||
| Q4 24 | $-0.37 | $0.01 | ||
| Q3 24 | $-0.41 | $0.65 | ||
| Q2 24 | $-0.41 | $0.37 | ||
| Q1 24 | $-0.36 | $0.51 |
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 | $94.8M |
| 总债务越低越好 | $2.4B | $1.4B |
| 股东权益账面价值 | $1.7B | $478.3M |
| 总资产 | $4.4B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.47× | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资DHCPRGS
| Q4 25 | $105.4M | $94.8M | ||
| Q3 25 | $201.4M | $99.0M | ||
| Q2 25 | $141.8M | $102.0M | ||
| Q1 25 | $302.6M | $124.2M | ||
| Q4 24 | $144.6M | $118.1M | ||
| Q3 24 | $256.5M | $232.7M | ||
| Q2 24 | $265.6M | $190.4M | ||
| Q1 24 | $207.1M | $133.2M |
总债务DHCPRGS
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DHCPRGS
| Q4 25 | $1.7B | $478.3M | ||
| Q3 25 | $1.7B | $477.7M | ||
| Q2 25 | $1.9B | $452.7M | ||
| Q1 25 | $1.9B | $431.8M | ||
| Q4 24 | $2.0B | $438.8M | ||
| Q3 24 | $2.0B | $425.6M | ||
| Q2 24 | $2.1B | $401.7M | ||
| Q1 24 | $2.2B | $461.7M |
总资产DHCPRGS
| Q4 25 | $4.4B | $2.5B | ||
| Q3 25 | $4.7B | $2.4B | ||
| Q2 25 | $4.8B | $2.4B | ||
| Q1 25 | $5.0B | $2.5B | ||
| Q4 24 | $5.1B | $2.5B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $5.3B | $1.6B | ||
| Q1 24 | $5.3B | $1.5B |
负债/权益比DHCPRGS
| Q4 25 | 1.47× | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | 1.56× | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | $59.9M |
| 自由现金流率自由现金流/营收 | -43.8% | 23.7% |
| 资本支出强度资本支出/营收 | 38.7% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $-280.3M | $229.5M |
8季度趋势，按日历期对齐
经营现金流DHCPRGS
| Q4 25 | $-19.6M | $62.8M | ||
| Q3 25 | $-49.3M | $73.4M | ||
| Q2 25 | $53.0M | $30.0M | ||
| Q1 25 | $-3.2M | $68.9M | ||
| Q4 24 | $112.2M | $19.7M | ||
| Q3 24 | $21.1M | $57.7M | ||
| Q2 24 | $44.3M | $63.7M | ||
| Q1 24 | $28.6M | $70.5M |
自由现金流DHCPRGS
| Q4 25 | $-166.4M | $59.9M | ||
| Q3 25 | $-89.8M | $72.4M | ||
| Q2 25 | $18.8M | $29.5M | ||
| Q1 25 | $-42.9M | $67.7M | ||
| Q4 24 | $-89.5M | $16.8M | ||
| Q3 24 | $-26.1M | $56.6M | ||
| Q2 24 | $3.3M | $62.7M | ||
| Q1 24 | $-18.1M | $70.2M |
自由现金流率DHCPRGS
| Q4 25 | -43.8% | 23.7% | ||
| Q3 25 | -23.1% | 29.0% | ||
| Q2 25 | 4.9% | 12.4% | ||
| Q1 25 | -11.1% | 28.4% | ||
| Q4 24 | -23.6% | 7.8% | ||
| Q3 24 | -7.0% | 31.7% | ||
| Q2 24 | 0.9% | 35.8% | ||
| Q1 24 | -4.9% | 38.0% |
资本支出强度DHCPRGS
| Q4 25 | 38.7% | 1.1% | ||
| Q3 25 | 10.4% | 0.4% | ||
| Q2 25 | 8.9% | 0.2% | ||
| Q1 25 | 10.2% | 0.5% | ||
| Q4 24 | 53.1% | 1.3% | ||
| Q3 24 | 12.6% | 0.6% | ||
| Q2 24 | 11.0% | 0.5% | ||
| Q1 24 | 12.6% | 0.2% |
现金转化率DHCPRGS
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | 3.78× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 6.30× | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | 2.03× | ||
| Q2 24 | — | 3.93× | ||
| Q1 24 | — | 3.11× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
