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Encompass Health Corp（EHC）与PACS Group, Inc.（PACS）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PACS Group, Inc.的1.1倍（$1.5B vs $1.4B），Encompass Health Corp净利率更高（9.5% vs 4.4%，领先5.1%），PACS Group, Inc.同比增速更快（18.4% vs 9.9%），过去两年PACS Group, Inc.的营收复合增速更高（20.5% 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。
EHC vs PACS — 直观对比
营收规模更大
EHC
是对方的1.1倍
$1.4B
营收增速更快
PACS
高出8.5%
9.9%
净利率更高
EHC
高出5.1%
4.4%
两年增速更快
PACS
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.4B |
| 净利润 | $146.1M | $59.7M |
| 毛利率 | — | — |
| 营业利润率 | 16.7% | 7.0% |
| 净利率 | 9.5% | 4.4% |
| 营收同比 | 9.9% | 18.4% |
| 净利润同比 | 20.8% | 3022.5% |
| 每股收益（稀释后） | $1.43 | $0.42 |
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EHCPACS
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.3B | $981.4M | ||
| Q1 24 | $1.3B | $934.3M |
净利润EHCPACS
| Q4 25 | $146.1M | $59.7M | ||
| Q3 25 | $126.5M | $52.4M | ||
| Q2 25 | $142.1M | $51.0M | ||
| Q1 25 | $151.5M | $28.5M | ||
| Q4 24 | $120.9M | $1.9M | ||
| Q3 24 | $108.2M | $15.6M | ||
| Q2 24 | $114.1M | $-10.9M | ||
| Q1 24 | $112.5M | $49.1M |
毛利率EHCPACS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
营业利润率EHCPACS
| Q4 25 | 16.7% | 7.0% | ||
| Q3 25 | 14.9% | 6.4% | ||
| Q2 25 | 16.2% | 6.2% | ||
| Q1 25 | 16.4% | 3.8% | ||
| Q4 24 | 14.3% | 1.7% | ||
| Q3 24 | 13.6% | 2.2% | ||
| Q2 24 | 14.3% | 0.1% | ||
| Q1 24 | 13.6% | 8.6% |
净利率EHCPACS
| Q4 25 | 9.5% | 4.4% | ||
| Q3 25 | 8.6% | 3.9% | ||
| Q2 25 | 9.7% | 3.9% | ||
| Q1 25 | 10.4% | 2.2% | ||
| Q4 24 | 8.6% | 0.2% | ||
| Q3 24 | 8.0% | 1.5% | ||
| Q2 24 | 8.8% | -1.1% | ||
| Q1 24 | 8.5% | 5.3% |
每股收益（稀释后）EHCPACS
| Q4 25 | $1.43 | $0.42 | ||
| Q3 25 | $1.24 | $0.32 | ||
| Q2 25 | $1.39 | $0.31 | ||
| Q1 25 | $1.48 | $0.17 | ||
| Q4 24 | $1.18 | $-0.03 | ||
| Q3 24 | $1.06 | $0.10 | ||
| Q2 24 | $1.12 | $-0.07 | ||
| Q1 24 | $1.10 | $0.38 |
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 | $197.0M |
| 总债务越低越好 | $2.4B | $353.2M |
| 股东权益账面价值 | $2.4B | $946.8M |
| 总资产 | $7.1B | $5.6B |
| 负债/权益比越低杠杆越低 | 1.00× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资EHCPACS
| Q4 25 | $72.2M | $197.0M | ||
| Q3 25 | $48.7M | $355.7M | ||
| Q2 25 | $99.1M | $294.2M | ||
| Q1 25 | $95.8M | $287.5M | ||
| Q4 24 | $85.4M | $157.7M | ||
| Q3 24 | $147.8M | $49.5M | ||
| Q2 24 | $154.4M | $73.4M | ||
| Q1 24 | $134.4M | $81.2M |
总债务EHCPACS
| Q4 25 | $2.4B | $353.2M | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | $411.9M | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益EHCPACS
| Q4 25 | $2.4B | $946.8M | ||
| Q3 25 | $2.4B | $871.3M | ||
| Q2 25 | $2.3B | $806.8M | ||
| Q1 25 | $2.2B | $750.2M | ||
| Q4 24 | $2.1B | $709.6M | ||
| Q3 24 | $2.0B | $660.0M | ||
| Q2 24 | $1.8B | $572.1M | ||
| Q1 24 | $1.7B | $128.0M |
总资产EHCPACS
| Q4 25 | $7.1B | $5.6B | ||
| Q3 25 | $6.9B | $5.6B | ||
| Q2 25 | $6.8B | $5.5B | ||
| Q1 25 | $6.6B | $5.5B | ||
| Q4 24 | $6.5B | $5.2B | ||
| Q3 24 | $6.5B | $4.5B | ||
| Q2 24 | $6.4B | $3.9B | ||
| Q1 24 | $6.2B | $3.9B |
负债/权益比EHCPACS
| Q4 25 | 1.00× | 0.37× | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.14× | 0.58× | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.46× | — | ||
| Q1 24 | 1.54× | — |
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 | $-3.4M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 14.8% | — |
| 现金转化率经营现金流/净利润 | 2.37× | -0.06× |
| 过去12个月自由现金流最近4个季度 | $439.2M | — |
8季度趋势，按日历期对齐
经营现金流EHCPACS
| Q4 25 | $346.0M | $-3.4M | ||
| Q3 25 | $270.8M | $204.8M | ||
| Q2 25 | $270.2M | $52.6M | ||
| Q1 25 | $288.6M | $150.2M | ||
| Q4 24 | $278.8M | $64.6M | ||
| Q3 24 | $267.8M | $209.2M | ||
| Q2 24 | $217.4M | $34.8M | ||
| Q1 24 | $238.8M | $58.8M |
自由现金流EHCPACS
| Q4 25 | $116.7M | — | ||
| Q3 25 | $83.7M | — | ||
| Q2 25 | $113.3M | — | ||
| Q1 25 | $125.5M | — | ||
| Q4 24 | $80.1M | — | ||
| Q3 24 | $120.3M | — | ||
| Q2 24 | $60.5M | — | ||
| Q1 24 | $99.4M | — |
自由现金流率EHCPACS
| Q4 25 | 7.6% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.6% | — | ||
| Q4 24 | 5.7% | — | ||
| Q3 24 | 8.9% | — | ||
| Q2 24 | 4.6% | — | ||
| Q1 24 | 7.6% | — |
资本支出强度EHCPACS
| Q4 25 | 14.8% | — | ||
| Q3 25 | 12.7% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 11.2% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | 12.1% | — | ||
| Q1 24 | 10.6% | — |
现金转化率EHCPACS
| Q4 25 | 2.37× | -0.06× | ||
| Q3 25 | 2.14× | 3.91× | ||
| Q2 25 | 1.90× | 1.03× | ||
| Q1 25 | 1.90× | 5.28× | ||
| Q4 24 | 2.31× | 33.78× | ||
| Q3 24 | 2.48× | 13.39× | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 2.12× | 1.20× |
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% |
PACS
暂无分部数据
