vs
Ecovyst Inc.（ECVT）与NATIONAL HEALTHCARE CORP（NHC）财务数据对比。点击上方公司名可切换其他公司
NATIONAL HEALTHCARE CORP的季度营收约是Ecovyst Inc.的1.9倍（$386.5M vs $199.4M），Ecovyst Inc.同比增速更快（34.0% vs 4.6%），Ecovyst Inc.自由现金流更多（$22.9M vs $6.4M），过去两年Ecovyst Inc.的营收复合增速更高（18.7% vs 14.0%）
Ecovyst Inc.是一家全球可持续特种材料供应商，主营高性能催化剂与功能性添加剂的研发、生产，产品服务覆盖工业制造、消费品、环保等核心领域，助力全球客户提升运营效率、降低碳排放。
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
ECVT vs NHC — 直观对比
营收规模更大
NHC
是对方的1.9倍
$199.4M
营收增速更快
ECVT
高出29.3%
4.6%
自由现金流更多
ECVT
多$16.5M
$6.4M
两年增速更快
ECVT
近两年复合增速
14.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $386.5M |
| 净利润 | — | $24.8M |
| 毛利率 | 23.4% | — |
| 营业利润率 | 10.9% | 8.6% |
| 净利率 | — | 6.4% |
| 营收同比 | 34.0% | 4.6% |
| 净利润同比 | — | 308.6% |
| 每股收益（稀释后） | $0.06 | $1.58 |
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ECVTNHC
| Q4 25 | $199.4M | $386.5M | ||
| Q3 25 | $204.9M | $382.7M | ||
| Q2 25 | $176.1M | $374.9M | ||
| Q1 25 | $143.1M | $373.7M | ||
| Q4 24 | $148.9M | $369.4M | ||
| Q3 24 | $153.9M | $340.2M | ||
| Q2 24 | $154.0M | $300.7M | ||
| Q1 24 | $141.6M | $297.2M |
净利润ECVTNHC
| Q4 25 | — | $24.8M | ||
| Q3 25 | $-79.3M | $39.2M | ||
| Q2 25 | $6.0M | $23.7M | ||
| Q1 25 | $-3.6M | $32.2M | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | $14.3M | $42.8M | ||
| Q2 24 | $8.3M | $26.8M | ||
| Q1 24 | $1.2M | $26.2M |
毛利率ECVTNHC
| Q4 25 | 23.4% | — | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 27.3% | — | ||
| Q1 24 | 23.5% | — |
营业利润率ECVTNHC
| Q4 25 | 10.9% | 8.6% | ||
| Q3 25 | 13.8% | 7.9% | ||
| Q2 25 | 9.0% | 9.1% | ||
| Q1 25 | -0.7% | 8.2% | ||
| Q4 24 | 15.1% | 7.8% | ||
| Q3 24 | 17.9% | 6.7% | ||
| Q2 24 | 14.1% | 7.5% | ||
| Q1 24 | 9.5% | 5.3% |
净利率ECVTNHC
| Q4 25 | — | 6.4% | ||
| Q3 25 | -38.7% | 10.3% | ||
| Q2 25 | 3.4% | 6.3% | ||
| Q1 25 | -2.5% | 8.6% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | 9.3% | 12.6% | ||
| Q2 24 | 5.4% | 8.9% | ||
| Q1 24 | 0.9% | 8.8% |
每股收益（稀释后）ECVTNHC
| Q4 25 | $0.06 | $1.58 | ||
| Q3 25 | $-0.69 | $2.50 | ||
| Q2 25 | $0.05 | $1.52 | ||
| Q1 25 | $-0.03 | $2.07 | ||
| Q4 24 | $-0.26 | $0.38 | ||
| Q3 24 | $0.12 | $2.73 | ||
| Q2 24 | $0.07 | $1.73 | ||
| Q1 24 | $0.01 | $1.69 |
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 | $197.2M | $92.8M |
| 总债务越低越好 | $392.6M | $40.0M |
| 股东权益账面价值 | $603.4M | $1.1B |
| 总资产 | $1.3B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.65× | 0.04× |
8季度趋势，按日历期对齐
现金及短期投资ECVTNHC
| Q4 25 | $197.2M | $92.8M | ||
| Q3 25 | $82.0M | $130.6M | ||
| Q2 25 | $69.6M | $111.0M | ||
| Q1 25 | $127.5M | $90.4M | ||
| Q4 24 | $131.4M | $76.1M | ||
| Q3 24 | $123.5M | $84.8M | ||
| Q2 24 | $83.3M | $136.2M | ||
| Q1 24 | $103.1M | $94.0M |
总债务ECVTNHC
| Q4 25 | $392.6M | $40.0M | ||
| Q3 25 | $854.8M | $73.1M | ||
| Q2 25 | $856.6M | $110.0M | ||
| Q1 25 | $859.0M | $134.0M | ||
| Q4 24 | $860.8M | $137.0M | ||
| Q3 24 | $862.7M | $147.0M | ||
| Q2 24 | $862.4M | — | ||
| Q1 24 | $866.2M | — |
股东权益ECVTNHC
| Q4 25 | $603.4M | $1.1B | ||
| Q3 25 | $607.9M | $1.1B | ||
| Q2 25 | $692.4M | $1.0B | ||
| Q1 25 | $698.7M | $1.0B | ||
| Q4 24 | $700.5M | $980.2M | ||
| Q3 24 | $729.4M | $983.5M | ||
| Q2 24 | $717.3M | $945.8M | ||
| Q1 24 | $711.4M | $924.7M |
总资产ECVTNHC
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.8B | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.8B | $1.3B |
负债/权益比ECVTNHC
| Q4 25 | 0.65× | 0.04× | ||
| Q3 25 | 1.41× | 0.07× | ||
| Q2 25 | 1.24× | 0.11× | ||
| Q1 25 | 1.23× | 0.13× | ||
| Q4 24 | 1.23× | 0.14× | ||
| Q3 24 | 1.18× | 0.15× | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 1.22× | — |
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 | $41.8M | $16.8M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $6.4M |
| 自由现金流率自由现金流/营收 | 11.5% | 1.7% |
| 资本支出强度资本支出/营收 | 9.4% | 2.7% |
| 现金转化率经营现金流/净利润 | — | 0.68× |
| 过去12个月自由现金流最近4个季度 | $69.9M | $148.6M |
8季度趋势，按日历期对齐
经营现金流ECVTNHC
| Q4 25 | $41.8M | $16.8M | ||
| Q3 25 | $55.3M | $66.2M | ||
| Q2 25 | $33.0M | $62.8M | ||
| Q1 25 | $10.3M | $39.3M | ||
| Q4 24 | $43.5M | $12.8M | ||
| Q3 24 | $59.9M | $34.2M | ||
| Q2 24 | $10.0M | $50.7M | ||
| Q1 24 | $36.5M | $9.6M |
自由现金流ECVTNHC
| Q4 25 | $22.9M | $6.4M | ||
| Q3 25 | $53.2M | $56.5M | ||
| Q2 25 | $7.8M | $52.6M | ||
| Q1 25 | $-14.0M | $33.1M | ||
| Q4 24 | $30.9M | $4.6M | ||
| Q3 24 | $53.6M | $28.6M | ||
| Q2 24 | $-9.3M | $42.8M | ||
| Q1 24 | $19.1M | $3.7M |
自由现金流率ECVTNHC
| Q4 25 | 11.5% | 1.7% | ||
| Q3 25 | 26.0% | 14.8% | ||
| Q2 25 | 4.4% | 14.0% | ||
| Q1 25 | -9.8% | 8.9% | ||
| Q4 24 | 20.7% | 1.3% | ||
| Q3 24 | 34.9% | 8.4% | ||
| Q2 24 | -6.1% | 14.2% | ||
| Q1 24 | 13.5% | 1.2% |
资本支出强度ECVTNHC
| Q4 25 | 9.4% | 2.7% | ||
| Q3 25 | 1.0% | 2.5% | ||
| Q2 25 | 14.4% | 2.7% | ||
| Q1 25 | 16.9% | 1.6% | ||
| Q4 24 | 8.5% | 2.2% | ||
| Q3 24 | 4.1% | 1.7% | ||
| Q2 24 | 12.5% | 2.6% | ||
| Q1 24 | 12.3% | 2.0% |
现金转化率ECVTNHC
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | 5.52× | 2.65× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | 4.21× | 0.80× | ||
| Q2 24 | 1.20× | 1.89× | ||
| Q1 24 | 29.90× | 0.37× |
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
ECVT
| Industrial Mining Automotive | $101.3M | 51% |
| Regeneration And Treatment Services | $90.0M | 45% |
| Other | $8.1M | 4% |
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
