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Encompass Health Corp（EHC）与Lumen Technologies, Inc.（LUMN）财务数据对比。点击上方公司名可切换其他公司
Lumen Technologies, Inc.的季度营收约是Encompass Health Corp的1.8倍（$2.7B vs $1.5B），Encompass Health Corp净利率更高（9.5% vs -0.1%，领先9.5%），Encompass Health Corp同比增速更快（9.9% vs -11.0%），Encompass Health Corp自由现金流更多（$116.7M vs $-1.1B），过去两年Encompass Health Corp的营收复合增速更高（8.3% vs -5.3%）
Encompass Health Corp前身为Amcare及HealthSouth，总部位于美国阿拉巴马州伯明翰，是美国规模最大的住院康复服务提供商，在39个州及波多黎各拥有173家住院康复医院，为中风、神经系统疾病、心肺病症、脑损伤等患者提供专业康复诊疗服务。
Lumen Technologies是总部位于美国路易斯安那州门罗市的电信企业，依托自有光纤、铜线网络、数据中心及云计算资源，为客户提供网络、安全、云、语音及各类托管通信服务，2023年3月起纳入标普600指数，此前曾为标普500指数成分股。
EHC vs LUMN — 直观对比
营收规模更大
LUMN
是对方的1.8倍
$1.5B
营收增速更快
EHC
高出20.9%
-11.0%
净利率更高
EHC
高出9.5%
-0.1%
自由现金流更多
EHC
多$1.2B
$-1.1B
两年增速更快
EHC
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.7B |
| 净利润 | $146.1M | $-2.0M |
| 毛利率 | — | 40.7% |
| 营业利润率 | 16.7% | -7.3% |
| 净利率 | 9.5% | -0.1% |
| 营收同比 | 9.9% | -11.0% |
| 净利润同比 | 20.8% | -102.4% |
| 每股收益（稀释后） | $1.43 | $-0.01 |
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EHCLUMN
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.8B | ||
| Q2 25 | $1.5B | $2.9B | ||
| Q1 25 | $1.5B | $2.9B | ||
| Q4 24 | $1.4B | $3.1B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.3B | $3.0B | ||
| Q1 24 | $1.3B | $3.1B |
净利润EHCLUMN
| Q4 25 | $146.1M | $-2.0M | ||
| Q3 25 | $126.5M | $-621.0M | ||
| Q2 25 | $142.1M | $-915.0M | ||
| Q1 25 | $151.5M | $-201.0M | ||
| Q4 24 | $120.9M | $85.0M | ||
| Q3 24 | $108.2M | $-148.0M | ||
| Q2 24 | $114.1M | $-49.0M | ||
| Q1 24 | $112.5M | $57.0M |
毛利率EHCLUMN
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 39.4% | ||
| Q2 25 | — | 43.4% | ||
| Q1 25 | — | 42.0% | ||
| Q4 24 | — | 44.7% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 45.2% | ||
| Q1 24 | — | 46.0% |
营业利润率EHCLUMN
| Q4 25 | 16.7% | -7.3% | ||
| Q3 25 | 14.9% | -4.1% | ||
| Q2 25 | 16.2% | -21.0% | ||
| Q1 25 | 16.4% | 3.7% | ||
| Q4 24 | 14.3% | 5.0% | ||
| Q3 24 | 13.6% | 4.2% | ||
| Q2 24 | 14.3% | 4.5% | ||
| Q1 24 | 13.6% | 1.5% |
净利率EHCLUMN
| Q4 25 | 9.5% | -0.1% | ||
| Q3 25 | 8.6% | -22.1% | ||
| Q2 25 | 9.7% | -31.9% | ||
| Q1 25 | 10.4% | -6.9% | ||
| Q4 24 | 8.6% | 2.8% | ||
| Q3 24 | 8.0% | -5.0% | ||
| Q2 24 | 8.8% | -1.6% | ||
| Q1 24 | 8.5% | 1.9% |
每股收益（稀释后）EHCLUMN
| Q4 25 | $1.43 | $-0.01 | ||
| Q3 25 | $1.24 | $-0.62 | ||
| Q2 25 | $1.39 | $-0.92 | ||
| Q1 25 | $1.48 | $-0.20 | ||
| Q4 24 | $1.18 | $0.08 | ||
| Q3 24 | $1.06 | $-0.15 | ||
| Q2 24 | $1.12 | $-0.05 | ||
| Q1 24 | $1.10 | $0.06 |
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 | $72.2M | $1.0B |
| 总债务越低越好 | $2.4B | $17.4B |
| 股东权益账面价值 | $2.4B | $-1.1B |
| 总资产 | $7.1B | $34.3B |
| 负债/权益比越低杠杆越低 | 1.00× | — |
8季度趋势，按日历期对齐
现金及短期投资EHCLUMN
| Q4 25 | $72.2M | $1.0B | ||
| Q3 25 | $48.7M | $2.4B | ||
| Q2 25 | $99.1M | $1.6B | ||
| Q1 25 | $95.8M | $1.9B | ||
| Q4 24 | $85.4M | $1.9B | ||
| Q3 24 | $147.8M | $2.6B | ||
| Q2 24 | $154.4M | $1.5B | ||
| Q1 24 | $134.4M | $1.6B |
总债务EHCLUMN
| Q4 25 | $2.4B | $17.4B | ||
| Q3 25 | $2.4B | $17.6B | ||
| Q2 25 | $2.3B | $17.6B | ||
| Q1 25 | $2.3B | $17.3B | ||
| Q4 24 | $2.4B | $17.5B | ||
| Q3 24 | $2.3B | $18.1B | ||
| Q2 24 | $2.7B | $18.4B | ||
| Q1 24 | $2.7B | $18.6B |
股东权益EHCLUMN
| Q4 25 | $2.4B | $-1.1B | ||
| Q3 25 | $2.4B | $-1.2B | ||
| Q2 25 | $2.3B | $-595.0M | ||
| Q1 25 | $2.2B | $289.0M | ||
| Q4 24 | $2.1B | $464.0M | ||
| Q3 24 | $2.0B | $342.0M | ||
| Q2 24 | $1.8B | $466.0M | ||
| Q1 24 | $1.7B | $504.0M |
总资产EHCLUMN
| Q4 25 | $7.1B | $34.3B | ||
| Q3 25 | $6.9B | $34.3B | ||
| Q2 25 | $6.8B | $33.0B | ||
| Q1 25 | $6.6B | $33.5B | ||
| Q4 24 | $6.5B | $33.5B | ||
| Q3 24 | $6.5B | $34.0B | ||
| Q2 24 | $6.4B | $32.9B | ||
| Q1 24 | $6.2B | $33.2B |
负债/权益比EHCLUMN
| Q4 25 | 1.00× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 1.08× | 59.98× | ||
| Q4 24 | 1.14× | 37.70× | ||
| Q3 24 | 1.20× | 53.05× | ||
| Q2 24 | 1.46× | 39.51× | ||
| Q1 24 | 1.54× | 36.89× |
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 | $346.0M | $562.0M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $-1.1B |
| 自由现金流率自由现金流/营收 | 7.6% | -39.4% |
| 资本支出强度资本支出/营收 | 14.8% | 59.9% |
| 现金转化率经营现金流/净利润 | 2.37× | — |
| 过去12个月自由现金流最近4个季度 | $439.2M | $371.0M |
8季度趋势，按日历期对齐
经营现金流EHCLUMN
| Q4 25 | $346.0M | $562.0M | ||
| Q3 25 | $270.8M | $2.5B | ||
| Q2 25 | $270.2M | $570.0M | ||
| Q1 25 | $288.6M | $1.1B | ||
| Q4 24 | $278.8M | $688.0M | ||
| Q3 24 | $267.8M | $2.0B | ||
| Q2 24 | $217.4M | $511.0M | ||
| Q1 24 | $238.8M | $1.1B |
自由现金流EHCLUMN
| Q4 25 | $116.7M | $-1.1B | ||
| Q3 25 | $83.7M | $1.5B | ||
| Q2 25 | $113.3M | $-321.0M | ||
| Q1 25 | $125.5M | $304.0M | ||
| Q4 24 | $80.1M | $-227.0M | ||
| Q3 24 | $120.3M | $1.2B | ||
| Q2 24 | $60.5M | $-242.0M | ||
| Q1 24 | $99.4M | $389.0M |
自由现金流率EHCLUMN
| Q4 25 | 7.6% | -39.4% | ||
| Q3 25 | 5.7% | 52.4% | ||
| Q2 25 | 7.8% | -11.2% | ||
| Q1 25 | 8.6% | 10.4% | ||
| Q4 24 | 5.7% | -7.4% | ||
| Q3 24 | 8.9% | 39.8% | ||
| Q2 24 | 4.6% | -8.0% | ||
| Q1 24 | 7.6% | 12.7% |
资本支出强度EHCLUMN
| Q4 25 | 14.8% | 59.9% | ||
| Q3 25 | 12.7% | 37.1% | ||
| Q2 25 | 10.8% | 31.1% | ||
| Q1 25 | 11.2% | 27.2% | ||
| Q4 24 | 14.1% | 29.7% | ||
| Q3 24 | 10.9% | 28.6% | ||
| Q2 24 | 12.1% | 25.0% | ||
| Q1 24 | 10.6% | 23.3% |
现金转化率EHCLUMN
| Q4 25 | 2.37× | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.90× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 2.31× | 8.09× | ||
| Q3 24 | 2.48× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 2.12× | 19.33× |
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
EHC
| Medicare | $1.0B | 66% |
| Medicare Advantage | $243.1M | 16% |
| Managed Care | $160.7M | 10% |
| Medicaid | $47.0M | 3% |
| Other Income Source | $44.8M | 3% |
| Other Thirdparty Payors | $11.2M | 1% |
| Workers Compensation | $7.6M | 0% |
| Patients | $4.6M | 0% |
LUMN
| Large Enterprise | $758.0M | 28% |
| Wholesale | $661.0M | 24% |
| Mid Market Enterprise | $472.0M | 17% |
| Fiber Broadband | $232.0M | 8% |
| Other Broadband | $218.0M | 8% |
| Other | $184.0M | 7% |
| Voice And Other | $166.0M | 6% |
| International And Other | $77.0M | 3% |
