vs
Encompass Health Corp（EHC）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
Encompass Health Corp的季度营收约是摩丁制造的1.9倍（$1.5B vs $805.0M），Encompass Health Corp净利率更高（9.5% vs -5.9%，领先15.3%），摩丁制造同比增速更快（30.5% vs 9.9%），Encompass Health Corp自由现金流更多（$116.7M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 8.3%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
EHC vs MOD — 直观对比
营收规模更大
EHC
是对方的1.9倍
$805.0M
营收增速更快
MOD
高出20.6%
9.9%
净利率更高
EHC
高出15.3%
-5.9%
自由现金流更多
EHC
多$133.8M
$-17.1M
两年增速更快
MOD
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $805.0M |
| 净利润 | $146.1M | $-47.4M |
| 毛利率 | — | 23.1% |
| 营业利润率 | 16.7% | 11.1% |
| 净利率 | 9.5% | -5.9% |
| 营收同比 | 9.9% | 30.5% |
| 净利润同比 | 20.8% | -215.6% |
| 每股收益（稀释后） | $1.43 | $-0.90 |
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EHCMOD
| Q4 25 | $1.5B | $805.0M | ||
| Q3 25 | $1.5B | $738.9M | ||
| Q2 25 | $1.5B | $682.8M | ||
| Q1 25 | $1.5B | $647.2M | ||
| Q4 24 | $1.4B | $616.8M | ||
| Q3 24 | $1.4B | $658.0M | ||
| Q2 24 | $1.3B | $661.5M | ||
| Q1 24 | $1.3B | $603.5M |
净利润EHCMOD
| Q4 25 | $146.1M | $-47.4M | ||
| Q3 25 | $126.5M | $44.4M | ||
| Q2 25 | $142.1M | $51.2M | ||
| Q1 25 | $151.5M | $49.6M | ||
| Q4 24 | $120.9M | $41.0M | ||
| Q3 24 | $108.2M | $46.1M | ||
| Q2 24 | $114.1M | $47.3M | ||
| Q1 24 | $112.5M | $25.8M |
毛利率EHCMOD
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
营业利润率EHCMOD
| Q4 25 | 16.7% | 11.1% | ||
| Q3 25 | 14.9% | 9.9% | ||
| Q2 25 | 16.2% | 11.1% | ||
| Q1 25 | 16.4% | 11.5% | ||
| Q4 24 | 14.3% | 9.6% | ||
| Q3 24 | 13.6% | 11.4% | ||
| Q2 24 | 14.3% | 11.2% | ||
| Q1 24 | 13.6% | 7.8% |
净利率EHCMOD
| Q4 25 | 9.5% | -5.9% | ||
| Q3 25 | 8.6% | 6.0% | ||
| Q2 25 | 9.7% | 7.5% | ||
| Q1 25 | 10.4% | 7.7% | ||
| Q4 24 | 8.6% | 6.6% | ||
| Q3 24 | 8.0% | 7.0% | ||
| Q2 24 | 8.8% | 7.2% | ||
| Q1 24 | 8.5% | 4.3% |
每股收益（稀释后）EHCMOD
| Q4 25 | $1.43 | $-0.90 | ||
| Q3 25 | $1.24 | $0.83 | ||
| Q2 25 | $1.39 | $0.95 | ||
| Q1 25 | $1.48 | $0.92 | ||
| Q4 24 | $1.18 | $0.76 | ||
| Q3 24 | $1.06 | $0.86 | ||
| Q2 24 | $1.12 | $0.88 | ||
| Q1 24 | $1.10 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $2.4B | $570.7M |
| 股东权益账面价值 | $2.4B | $1.1B |
| 总资产 | $7.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.00× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资EHCMOD
| Q4 25 | $72.2M | $98.7M | ||
| Q3 25 | $48.7M | $83.8M | ||
| Q2 25 | $99.1M | $124.5M | ||
| Q1 25 | $95.8M | $71.6M | ||
| Q4 24 | $85.4M | $83.8M | ||
| Q3 24 | $147.8M | $78.6M | ||
| Q2 24 | $154.4M | $72.9M | ||
| Q1 24 | $134.4M | $60.1M |
总债务EHCMOD
| Q4 25 | $2.4B | $570.7M | ||
| Q3 25 | $2.4B | $525.8M | ||
| Q2 25 | $2.3B | $482.1M | ||
| Q1 25 | $2.3B | $296.7M | ||
| Q4 24 | $2.4B | $330.0M | ||
| Q3 24 | $2.3B | $359.1M | ||
| Q2 24 | $2.7B | $405.7M | ||
| Q1 24 | $2.7B | $399.9M |
股东权益EHCMOD
| Q4 25 | $2.4B | $1.1B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.3B | $1.0B | ||
| Q1 25 | $2.2B | $910.2M | ||
| Q4 24 | $2.1B | $855.1M | ||
| Q3 24 | $2.0B | $858.8M | ||
| Q2 24 | $1.8B | $788.4M | ||
| Q1 24 | $1.7B | $747.6M |
总资产EHCMOD
| Q4 25 | $7.1B | $2.5B | ||
| Q3 25 | $6.9B | $2.4B | ||
| Q2 25 | $6.8B | $2.2B | ||
| Q1 25 | $6.6B | $1.9B | ||
| Q4 24 | $6.5B | $1.8B | ||
| Q3 24 | $6.5B | $1.9B | ||
| Q2 24 | $6.4B | $1.9B | ||
| Q1 24 | $6.2B | $1.9B |
负债/权益比EHCMOD
| Q4 25 | 1.00× | 0.51× | ||
| Q3 25 | 1.01× | 0.50× | ||
| Q2 25 | 1.02× | 0.48× | ||
| Q1 25 | 1.08× | 0.33× | ||
| Q4 24 | 1.14× | 0.39× | ||
| Q3 24 | 1.20× | 0.42× | ||
| Q2 24 | 1.46× | 0.51× | ||
| Q1 24 | 1.54× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $-17.1M |
| 自由现金流率自由现金流/营收 | 7.6% | -2.1% |
| 资本支出强度资本支出/营收 | 14.8% | 5.2% |
| 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 | $-20.3M |
8季度趋势，按日历期对齐
经营现金流EHCMOD
| Q4 25 | $346.0M | $24.7M | ||
| Q3 25 | $270.8M | $1.4M | ||
| Q2 25 | $270.2M | $27.7M | ||
| Q1 25 | $288.6M | $54.8M | ||
| Q4 24 | $278.8M | $60.7M | ||
| Q3 24 | $267.8M | $57.3M | ||
| Q2 24 | $217.4M | $40.5M | ||
| Q1 24 | $238.8M | $39.6M |
自由现金流EHCMOD
| Q4 25 | $116.7M | $-17.1M | ||
| Q3 25 | $83.7M | $-30.5M | ||
| Q2 25 | $113.3M | $200.0K | ||
| Q1 25 | $125.5M | $27.1M | ||
| Q4 24 | $80.1M | $44.7M | ||
| Q3 24 | $120.3M | $43.8M | ||
| Q2 24 | $60.5M | $13.7M | ||
| Q1 24 | $99.4M | $-4.3M |
自由现金流率EHCMOD
| Q4 25 | 7.6% | -2.1% | ||
| Q3 25 | 5.7% | -4.1% | ||
| Q2 25 | 7.8% | 0.0% | ||
| Q1 25 | 8.6% | 4.2% | ||
| Q4 24 | 5.7% | 7.2% | ||
| Q3 24 | 8.9% | 6.7% | ||
| Q2 24 | 4.6% | 2.1% | ||
| Q1 24 | 7.6% | -0.7% |
资本支出强度EHCMOD
| Q4 25 | 14.8% | 5.2% | ||
| Q3 25 | 12.7% | 4.3% | ||
| Q2 25 | 10.8% | 4.0% | ||
| Q1 25 | 11.2% | 4.3% | ||
| Q4 24 | 14.1% | 2.6% | ||
| Q3 24 | 10.9% | 2.1% | ||
| Q2 24 | 12.1% | 4.1% | ||
| Q1 24 | 10.6% | 7.3% |
现金转化率EHCMOD
| Q4 25 | 2.37× | — | ||
| Q3 25 | 2.14× | 0.03× | ||
| Q2 25 | 1.90× | 0.54× | ||
| Q1 25 | 1.90× | 1.10× | ||
| Q4 24 | 2.31× | 1.48× | ||
| Q3 24 | 2.48× | 1.24× | ||
| Q2 24 | 1.91× | 0.86× | ||
| Q1 24 | 2.12× | 1.53× |
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
