vs
Encompass Health Corp（EHC）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
豪士科的季度营收约是Encompass Health Corp的1.7倍（$2.7B vs $1.5B），Encompass Health Corp净利率更高（9.5% vs 5.0%，领先4.5%），Encompass Health Corp同比增速更快（9.9% vs 3.5%），豪士科自由现金流更多（$540.3M vs $116.7M），过去两年Encompass Health Corp的营收复合增速更高（8.3% vs 2.8%）
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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
EHC vs OSK — 直观对比
营收规模更大
OSK
是对方的1.7倍
$1.5B
营收增速更快
EHC
高出6.4%
3.5%
净利率更高
EHC
高出4.5%
5.0%
自由现金流更多
OSK
多$423.6M
$116.7M
两年增速更快
EHC
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.7B |
| 净利润 | $146.1M | $133.8M |
| 毛利率 | — | 15.8% |
| 营业利润率 | 16.7% | 7.9% |
| 净利率 | 9.5% | 5.0% |
| 营收同比 | 9.9% | 3.5% |
| 净利润同比 | 20.8% | -12.6% |
| 每股收益（稀释后） | $1.43 | — |
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EHCOSK
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.5B | $2.7B | ||
| Q2 25 | $1.5B | $2.7B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.4B | $2.6B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.3B | $2.5B |
净利润EHCOSK
| Q4 25 | $146.1M | $133.8M | ||
| Q3 25 | $126.5M | $196.2M | ||
| Q2 25 | $142.1M | $204.8M | ||
| Q1 25 | $151.5M | $112.2M | ||
| Q4 24 | $120.9M | $153.1M | ||
| Q3 24 | $108.2M | $180.3M | ||
| Q2 24 | $114.1M | $168.6M | ||
| Q1 24 | $112.5M | $179.4M |
毛利率EHCOSK
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 19.2% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 18.5% |
营业利润率EHCOSK
| Q4 25 | 16.7% | 7.9% | ||
| Q3 25 | 14.9% | 9.7% | ||
| Q2 25 | 16.2% | 10.7% | ||
| Q1 25 | 16.4% | 7.6% | ||
| Q4 24 | 14.3% | 8.6% | ||
| Q3 24 | 13.6% | 9.7% | ||
| Q2 24 | 14.3% | 9.2% | ||
| Q1 24 | 13.6% | 10.2% |
净利率EHCOSK
| Q4 25 | 9.5% | 5.0% | ||
| Q3 25 | 8.6% | 7.3% | ||
| Q2 25 | 9.7% | 7.5% | ||
| Q1 25 | 10.4% | 4.9% | ||
| Q4 24 | 8.6% | 5.9% | ||
| Q3 24 | 8.0% | 6.6% | ||
| Q2 24 | 8.8% | 5.9% | ||
| Q1 24 | 8.5% | 7.1% |
每股收益（稀释后）EHCOSK
| Q4 25 | $1.43 | — | ||
| Q3 25 | $1.24 | — | ||
| Q2 25 | $1.39 | — | ||
| Q1 25 | $1.48 | — | ||
| Q4 24 | $1.18 | — | ||
| Q3 24 | $1.06 | — | ||
| Q2 24 | $1.12 | — | ||
| Q1 24 | $1.10 | — |
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 | $479.8M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $2.4B | $4.5B |
| 总资产 | $7.1B | $10.1B |
| 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EHCOSK
| Q4 25 | $72.2M | $479.8M | ||
| Q3 25 | $48.7M | $211.8M | ||
| Q2 25 | $99.1M | $191.7M | ||
| Q1 25 | $95.8M | $210.3M | ||
| Q4 24 | $85.4M | $204.9M | ||
| Q3 24 | $147.8M | $160.9M | ||
| Q2 24 | $154.4M | $141.4M | ||
| Q1 24 | $134.4M | $69.9M |
总债务EHCOSK
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | $602.3M | ||
| Q2 24 | $2.7B | $599.1M | ||
| Q1 24 | $2.7B | $598.9M |
股东权益EHCOSK
| Q4 25 | $2.4B | $4.5B | ||
| Q3 25 | $2.4B | $4.5B | ||
| Q2 25 | $2.3B | $4.5B | ||
| Q1 25 | $2.2B | $4.2B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $1.8B | $3.9B | ||
| Q1 24 | $1.7B | $3.8B |
总资产EHCOSK
| Q4 25 | $7.1B | $10.1B | ||
| Q3 25 | $6.9B | $9.8B | ||
| Q2 25 | $6.8B | $10.0B | ||
| Q1 25 | $6.6B | $9.8B | ||
| Q4 24 | $6.5B | $9.4B | ||
| Q3 24 | $6.5B | $9.9B | ||
| Q2 24 | $6.4B | $9.7B | ||
| Q1 24 | $6.2B | $9.5B |
负债/权益比EHCOSK
| Q4 25 | 1.00× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.20× | 0.15× | ||
| Q2 24 | 1.46× | 0.15× | ||
| Q1 24 | 1.54× | 0.16× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $540.3M |
| 自由现金流率自由现金流/营收 | 7.6% | 20.1% |
| 资本支出强度资本支出/营收 | 14.8% | 2.2% |
| 现金转化率经营现金流/净利润 | 2.37× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $439.2M | $618.0M |
8季度趋势，按日历期对齐
经营现金流EHCOSK
| Q4 25 | $346.0M | $600.1M | ||
| Q3 25 | $270.8M | $489.0M | ||
| Q2 25 | $270.2M | $89.2M | ||
| Q1 25 | $288.6M | $-394.9M | ||
| Q4 24 | $278.8M | $790.8M | ||
| Q3 24 | $267.8M | $326.1M | ||
| Q2 24 | $217.4M | $-211.0M | ||
| Q1 24 | $238.8M | $-355.8M |
自由现金流EHCOSK
| Q4 25 | $116.7M | $540.3M | ||
| Q3 25 | $83.7M | $464.3M | ||
| Q2 25 | $113.3M | $48.6M | ||
| Q1 25 | $125.5M | $-435.2M | ||
| Q4 24 | $80.1M | $703.3M | ||
| Q3 24 | $120.3M | $272.2M | ||
| Q2 24 | $60.5M | $-250.5M | ||
| Q1 24 | $99.4M | $-455.9M |
自由现金流率EHCOSK
| Q4 25 | 7.6% | 20.1% | ||
| Q3 25 | 5.7% | 17.3% | ||
| Q2 25 | 7.8% | 1.8% | ||
| Q1 25 | 8.6% | -18.8% | ||
| Q4 24 | 5.7% | 27.1% | ||
| Q3 24 | 8.9% | 9.9% | ||
| Q2 24 | 4.6% | -8.8% | ||
| Q1 24 | 7.6% | -17.9% |
资本支出强度EHCOSK
| Q4 25 | 14.8% | 2.2% | ||
| Q3 25 | 12.7% | 0.9% | ||
| Q2 25 | 10.8% | 1.5% | ||
| Q1 25 | 11.2% | 1.7% | ||
| Q4 24 | 14.1% | 3.4% | ||
| Q3 24 | 10.9% | 2.0% | ||
| Q2 24 | 12.1% | 1.4% | ||
| Q1 24 | 10.6% | 3.9% |
现金转化率EHCOSK
| Q4 25 | 2.37× | 4.49× | ||
| Q3 25 | 2.14× | 2.49× | ||
| Q2 25 | 1.90× | 0.44× | ||
| Q1 25 | 1.90× | -3.52× | ||
| Q4 24 | 2.31× | 5.17× | ||
| Q3 24 | 2.48× | 1.81× | ||
| Q2 24 | 1.91× | -1.25× | ||
| Q1 24 | 2.12× | -1.98× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
