vs
Encompass Health Corp（EHC）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
Encompass Health Corp的季度营收约是越洋钻探的1.5倍（$1.5B vs $1.0B），Encompass Health Corp净利率更高（9.5% vs 2.4%，领先7.1%），Encompass Health Corp同比增速更快（9.9% vs 9.6%），越洋钻探自由现金流更多（$321.0M vs $116.7M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
EHC vs RIG — 直观对比
营收规模更大
EHC
是对方的1.5倍
$1.0B
营收增速更快
EHC
高出0.4%
9.6%
净利率更高
EHC
高出7.1%
2.4%
自由现金流更多
RIG
多$204.3M
$116.7M
两年增速更快
RIG
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.0B |
| 净利润 | $146.1M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 16.7% | 23.0% |
| 净利率 | 9.5% | 2.4% |
| 营收同比 | 9.9% | 9.6% |
| 净利润同比 | 20.8% | 257.1% |
| 每股收益（稀释后） | $1.43 | $0.13 |
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EHCRIG
| Q4 25 | $1.5B | $1.0B | ||
| Q3 25 | $1.5B | $1.0B | ||
| Q2 25 | $1.5B | $988.0M | ||
| Q1 25 | $1.5B | $906.0M | ||
| Q4 24 | $1.4B | $952.0M | ||
| Q3 24 | $1.4B | $948.0M | ||
| Q2 24 | $1.3B | $861.0M | ||
| Q1 24 | $1.3B | $763.0M |
净利润EHCRIG
| Q4 25 | $146.1M | $25.0M | ||
| Q3 25 | $126.5M | $-1.9B | ||
| Q2 25 | $142.1M | $-938.0M | ||
| Q1 25 | $151.5M | $-79.0M | ||
| Q4 24 | $120.9M | $7.0M | ||
| Q3 24 | $108.2M | $-494.0M | ||
| Q2 24 | $114.1M | $-123.0M | ||
| Q1 24 | $112.5M | $98.0M |
毛利率EHCRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率EHCRIG
| Q4 25 | 16.7% | 23.0% | ||
| Q3 25 | 14.9% | -163.1% | ||
| Q2 25 | 16.2% | -97.6% | ||
| Q1 25 | 16.4% | 7.1% | ||
| Q4 24 | 14.3% | 13.7% | ||
| Q3 24 | 13.6% | -51.2% | ||
| Q2 24 | 14.3% | -6.9% | ||
| Q1 24 | 13.6% | -0.4% |
净利率EHCRIG
| Q4 25 | 9.5% | 2.4% | ||
| Q3 25 | 8.6% | -187.1% | ||
| Q2 25 | 9.7% | -94.9% | ||
| Q1 25 | 10.4% | -8.7% | ||
| Q4 24 | 8.6% | 0.7% | ||
| Q3 24 | 8.0% | -52.1% | ||
| Q2 24 | 8.8% | -14.3% | ||
| Q1 24 | 8.5% | 12.8% |
每股收益（稀释后）EHCRIG
| Q4 25 | $1.43 | $0.13 | ||
| Q3 25 | $1.24 | $-2.00 | ||
| Q2 25 | $1.39 | $-1.06 | ||
| Q1 25 | $1.48 | $-0.11 | ||
| Q4 24 | $1.18 | $-0.14 | ||
| Q3 24 | $1.06 | $-0.58 | ||
| Q2 24 | $1.12 | $-0.15 | ||
| Q1 24 | $1.10 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $2.4B | $5.2B |
| 股东权益账面价值 | $2.4B | $8.1B |
| 总资产 | $7.1B | $15.6B |
| 负债/权益比越低杠杆越低 | 1.00× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资EHCRIG
| Q4 25 | $72.2M | $620.0M | ||
| Q3 25 | $48.7M | $833.0M | ||
| Q2 25 | $99.1M | $377.0M | ||
| Q1 25 | $95.8M | $263.0M | ||
| Q4 24 | $85.4M | $560.0M | ||
| Q3 24 | $147.8M | $435.0M | ||
| Q2 24 | $154.4M | $475.0M | ||
| Q1 24 | $134.4M | $446.0M |
总债务EHCRIG
| Q4 25 | $2.4B | $5.2B | ||
| Q3 25 | $2.4B | $4.8B | ||
| Q2 25 | $2.3B | $5.9B | ||
| Q1 25 | $2.3B | $5.9B | ||
| Q4 24 | $2.4B | $6.2B | ||
| Q3 24 | $2.3B | $6.5B | ||
| Q2 24 | $2.7B | $6.8B | ||
| Q1 24 | $2.7B | $6.8B |
股东权益EHCRIG
| Q4 25 | $2.4B | $8.1B | ||
| Q3 25 | $2.4B | $8.1B | ||
| Q2 25 | $2.3B | $9.4B | ||
| Q1 25 | $2.2B | $10.2B | ||
| Q4 24 | $2.1B | $10.3B | ||
| Q3 24 | $2.0B | $10.2B | ||
| Q2 24 | $1.8B | $10.7B | ||
| Q1 24 | $1.7B | $10.5B |
总资产EHCRIG
| Q4 25 | $7.1B | $15.6B | ||
| Q3 25 | $6.9B | $16.2B | ||
| Q2 25 | $6.8B | $17.8B | ||
| Q1 25 | $6.6B | $19.0B | ||
| Q4 24 | $6.5B | $19.4B | ||
| Q3 24 | $6.5B | $19.5B | ||
| Q2 24 | $6.4B | $20.3B | ||
| Q1 24 | $6.2B | $19.9B |
负债/权益比EHCRIG
| Q4 25 | 1.00× | 0.64× | ||
| Q3 25 | 1.01× | 0.60× | ||
| Q2 25 | 1.02× | 0.63× | ||
| Q1 25 | 1.08× | 0.58× | ||
| Q4 24 | 1.14× | 0.60× | ||
| Q3 24 | 1.20× | 0.64× | ||
| Q2 24 | 1.46× | 0.63× | ||
| Q1 24 | 1.54× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $321.0M |
| 自由现金流率自由现金流/营收 | 7.6% | 30.8% |
| 资本支出强度资本支出/营收 | 14.8% | 2.7% |
| 现金转化率经营现金流/净利润 | 2.37× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $439.2M | $626.0M |
8季度趋势，按日历期对齐
经营现金流EHCRIG
| Q4 25 | $346.0M | $349.0M | ||
| Q3 25 | $270.8M | $246.0M | ||
| Q2 25 | $270.2M | $128.0M | ||
| Q1 25 | $288.6M | $26.0M | ||
| Q4 24 | $278.8M | $206.0M | ||
| Q3 24 | $267.8M | $194.0M | ||
| Q2 24 | $217.4M | $133.0M | ||
| Q1 24 | $238.8M | $-86.0M |
自由现金流EHCRIG
| Q4 25 | $116.7M | $321.0M | ||
| Q3 25 | $83.7M | $235.0M | ||
| Q2 25 | $113.3M | $104.0M | ||
| Q1 25 | $125.5M | $-34.0M | ||
| Q4 24 | $80.1M | $177.0M | ||
| Q3 24 | $120.3M | $136.0M | ||
| Q2 24 | $60.5M | $49.0M | ||
| Q1 24 | $99.4M | $-169.0M |
自由现金流率EHCRIG
| Q4 25 | 7.6% | 30.8% | ||
| Q3 25 | 5.7% | 22.9% | ||
| Q2 25 | 7.8% | 10.5% | ||
| Q1 25 | 8.6% | -3.8% | ||
| Q4 24 | 5.7% | 18.6% | ||
| Q3 24 | 8.9% | 14.3% | ||
| Q2 24 | 4.6% | 5.7% | ||
| Q1 24 | 7.6% | -22.1% |
资本支出强度EHCRIG
| Q4 25 | 14.8% | 2.7% | ||
| Q3 25 | 12.7% | 1.1% | ||
| Q2 25 | 10.8% | 2.4% | ||
| Q1 25 | 11.2% | 6.6% | ||
| Q4 24 | 14.1% | 3.0% | ||
| Q3 24 | 10.9% | 6.1% | ||
| Q2 24 | 12.1% | 9.8% | ||
| Q1 24 | 10.6% | 10.9% |
现金转化率EHCRIG
| Q4 25 | 2.37× | 13.96× | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | 1.90× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 2.31× | 29.43× | ||
| Q3 24 | 2.48× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 2.12× | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
