vs
Encompass Health Corp（EHC）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.9倍（$1.5B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 9.5%，领先3.8%），Rithm Capital Corp.同比增速更快（508.5% vs 9.9%），过去两年Encompass Health Corp的营收复合增速更高（8.3% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
EHC vs RITM — 直观对比
营收规模更大
EHC
是对方的1.9倍
$828.2M
营收增速更快
RITM
高出498.5%
9.9%
净利率更高
RITM
高出3.8%
9.5%
两年增速更快
EHC
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $828.2M |
| 净利润 | $146.1M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 16.7% | 29.9% |
| 净利率 | 9.5% | 13.2% |
| 营收同比 | 9.9% | 508.5% |
| 净利润同比 | 20.8% | 27.7% |
| 每股收益（稀释后） | $1.43 | $0.12 |
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EHCRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $768.4M | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $619.5M | ||
| Q2 24 | $1.3B | $1.2B |
净利润EHCRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $146.1M | $85.0M | ||
| Q3 25 | $126.5M | $221.5M | ||
| Q2 25 | $142.1M | $311.7M | ||
| Q1 25 | $151.5M | $78.8M | ||
| Q4 24 | $120.9M | $290.2M | ||
| Q3 24 | $108.2M | $121.7M | ||
| Q2 24 | $114.1M | $235.6M |
营业利润率EHCRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 16.7% | 13.8% | ||
| Q3 25 | 14.9% | 21.4% | ||
| Q2 25 | 16.2% | 25.2% | ||
| Q1 25 | 16.4% | 7.4% | ||
| Q4 24 | 14.3% | 23.8% | ||
| Q3 24 | 13.6% | 7.3% | ||
| Q2 24 | 14.3% | 23.6% |
净利率EHCRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 9.5% | 5.7% | ||
| Q3 25 | 8.6% | 20.0% | ||
| Q2 25 | 9.7% | 25.6% | ||
| Q1 25 | 10.4% | 10.3% | ||
| Q4 24 | 8.6% | 14.0% | ||
| Q3 24 | 8.0% | 19.7% | ||
| Q2 24 | 8.8% | 19.2% |
每股收益（稀释后）EHCRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.43 | $0.09 | ||
| Q3 25 | $1.24 | $0.35 | ||
| Q2 25 | $1.39 | $0.53 | ||
| Q1 25 | $1.48 | $0.07 | ||
| Q4 24 | $1.18 | $0.50 | ||
| Q3 24 | $1.06 | $0.20 | ||
| Q2 24 | $1.12 | $0.43 |
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 | — |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $2.4B | $9.1B |
| 总资产 | $7.1B | $53.4B |
| 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EHCRITM
| Q1 26 | — | — | ||
| Q4 25 | $72.2M | $1.8B | ||
| Q3 25 | $48.7M | $1.6B | ||
| Q2 25 | $99.1M | $1.6B | ||
| Q1 25 | $95.8M | $1.5B | ||
| Q4 24 | $85.4M | $1.5B | ||
| Q3 24 | $147.8M | $1.6B | ||
| Q2 24 | $154.4M | $1.2B |
总债务EHCRITM
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | $35.4B | ||
| Q3 25 | $2.4B | $32.2B | ||
| Q2 25 | $2.3B | $31.2B | ||
| Q1 25 | $2.3B | $32.2B | ||
| Q4 24 | $2.4B | $32.6B | ||
| Q3 24 | $2.3B | $29.6B | ||
| Q2 24 | $2.7B | $30.1B |
股东权益EHCRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.4B | $8.4B | ||
| Q3 25 | $2.4B | $8.5B | ||
| Q2 25 | $2.3B | $7.9B | ||
| Q1 25 | $2.2B | $7.8B | ||
| Q4 24 | $2.1B | $7.8B | ||
| Q3 24 | $2.0B | $7.7B | ||
| Q2 24 | $1.8B | $7.3B |
总资产EHCRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $7.1B | $53.1B | ||
| Q3 25 | $6.9B | $47.2B | ||
| Q2 25 | $6.8B | $44.3B | ||
| Q1 25 | $6.6B | $45.3B | ||
| Q4 24 | $6.5B | $46.0B | ||
| Q3 24 | $6.5B | $42.3B | ||
| Q2 24 | $6.4B | $42.0B |
负债/权益比EHCRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.00× | 4.20× | ||
| Q3 25 | 1.01× | 3.79× | ||
| Q2 25 | 1.02× | 3.92× | ||
| Q1 25 | 1.08× | 4.14× | ||
| Q4 24 | 1.14× | 4.18× | ||
| Q3 24 | 1.20× | 3.87× | ||
| Q2 24 | 1.46× | 4.10× |
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 | — |
| 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× | — |
| 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EHCRITM
| Q1 26 | — | — | ||
| Q4 25 | $346.0M | $-114.6M | ||
| Q3 25 | $270.8M | $-2.0B | ||
| Q2 25 | $270.2M | $-557.1M | ||
| Q1 25 | $288.6M | $1.4B | ||
| Q4 24 | $278.8M | $-1.8B | ||
| Q3 24 | $267.8M | $768.1M | ||
| Q2 24 | $217.4M | $-55.7M |
自由现金流EHCRITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率EHCRITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度EHCRITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率EHCRITM
| Q1 26 | — | — | ||
| Q4 25 | 2.37× | -1.35× | ||
| Q3 25 | 2.14× | -9.22× | ||
| Q2 25 | 1.90× | -1.79× | ||
| Q1 25 | 1.90× | 18.03× | ||
| Q4 24 | 2.31× | -6.04× | ||
| Q3 24 | 2.48× | 6.31× | ||
| Q2 24 | 1.91× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
