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Encompass Health Corp（EHC）与ROKU, INC（ROKU）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ROKU, INC的1.2倍（$1.5B vs $1.2B），Encompass Health Corp净利率更高（9.5% vs -2.2%，领先11.7%），Encompass Health Corp同比增速更快（9.9% vs -18.3%），ROKU, INC自由现金流更多（$298.4M vs $116.7M），过去两年ROKU, INC的营收复合增速更高（13.6% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
EHC vs ROKU — 直观对比
营收规模更大
EHC
是对方的1.2倍
$1.2B
营收增速更快
EHC
高出28.2%
-18.3%
净利率更高
EHC
高出11.7%
-2.2%
自由现金流更多
ROKU
多$181.7M
$116.7M
两年增速更快
ROKU
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $146.1M | $-27.4M |
| 毛利率 | — | 35.6% |
| 营业利润率 | 16.7% | 59.7% |
| 净利率 | 9.5% | -2.2% |
| 营收同比 | 9.9% | -18.3% |
| 净利润同比 | 20.8% | -361.0% |
| 每股收益（稀释后） | $1.43 | $0.57 |
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EHCROKU
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.3B | $968.2M |
净利润EHCROKU
| Q1 26 | — | $-27.4M | ||
| Q4 25 | $146.1M | $80.5M | ||
| Q3 25 | $126.5M | $24.8M | ||
| Q2 25 | $142.1M | $10.5M | ||
| Q1 25 | $151.5M | $-27.4M | ||
| Q4 24 | $120.9M | $-35.5M | ||
| Q3 24 | $108.2M | $-9.0M | ||
| Q2 24 | $114.1M | $-34.0M |
毛利率EHCROKU
| Q1 26 | — | 35.6% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% |
营业利润率EHCROKU
| Q1 26 | — | 59.7% | ||
| Q4 25 | 16.7% | 4.7% | ||
| Q3 25 | 14.9% | 0.8% | ||
| Q2 25 | 16.2% | -2.1% | ||
| Q1 25 | 16.4% | -5.7% | ||
| Q4 24 | 14.3% | -3.3% | ||
| Q3 24 | 13.6% | -3.4% | ||
| Q2 24 | 14.3% | -7.4% |
净利率EHCROKU
| Q1 26 | — | -2.2% | ||
| Q4 25 | 9.5% | 5.8% | ||
| Q3 25 | 8.6% | 2.0% | ||
| Q2 25 | 9.7% | 0.9% | ||
| Q1 25 | 10.4% | -2.7% | ||
| Q4 24 | 8.6% | -3.0% | ||
| Q3 24 | 8.0% | -0.9% | ||
| Q2 24 | 8.8% | -3.5% |
每股收益（稀释后）EHCROKU
| Q1 26 | — | $0.57 | ||
| Q4 25 | $1.43 | $0.55 | ||
| Q3 25 | $1.24 | $0.16 | ||
| Q2 25 | $1.39 | $0.07 | ||
| Q1 25 | $1.48 | $-0.19 | ||
| Q4 24 | $1.18 | $-0.24 | ||
| Q3 24 | $1.06 | $-0.06 | ||
| Q2 24 | $1.12 | $-0.24 |
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 | $2.4B |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $2.4B | $2.7B |
| 总资产 | $7.1B | $4.4B |
| 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EHCROKU
| Q1 26 | — | $2.4B | ||
| Q4 25 | $72.2M | $2.3B | ||
| Q3 25 | $48.7M | $2.3B | ||
| Q2 25 | $99.1M | $2.3B | ||
| Q1 25 | $95.8M | $2.3B | ||
| Q4 24 | $85.4M | $2.2B | ||
| Q3 24 | $147.8M | $2.1B | ||
| Q2 24 | $154.4M | $2.1B |
总债务EHCROKU
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.7B | — |
股东权益EHCROKU
| Q1 26 | — | $2.7B | ||
| Q4 25 | $2.4B | $2.7B | ||
| Q3 25 | $2.4B | $2.6B | ||
| Q2 25 | $2.3B | $2.6B | ||
| Q1 25 | $2.2B | $2.5B | ||
| Q4 24 | $2.1B | $2.5B | ||
| Q3 24 | $2.0B | $2.5B | ||
| Q2 24 | $1.8B | $2.4B |
总资产EHCROKU
| Q1 26 | — | $4.4B | ||
| Q4 25 | $7.1B | $4.4B | ||
| Q3 25 | $6.9B | $4.4B | ||
| Q2 25 | $6.8B | $4.3B | ||
| Q1 25 | $6.6B | $4.2B | ||
| Q4 24 | $6.5B | $4.3B | ||
| Q3 24 | $6.5B | $4.3B | ||
| Q2 24 | $6.4B | $4.1B |
负债/权益比EHCROKU
| Q1 26 | — | — | ||
| Q4 25 | 1.00× | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | 1.02× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.46× | — |
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 | $199.1M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $298.4M |
| 自由现金流率自由现金流/营收 | 7.6% | 23.9% |
| 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 | $640.0M |
8季度趋势，按日历期对齐
经营现金流EHCROKU
| Q1 26 | — | $199.1M | ||
| Q4 25 | $346.0M | $107.7M | ||
| Q3 25 | $270.8M | $127.6M | ||
| Q2 25 | $270.2M | $109.7M | ||
| Q1 25 | $288.6M | $138.7M | ||
| Q4 24 | $278.8M | $79.3M | ||
| Q3 24 | $267.8M | $68.7M | ||
| Q2 24 | $217.4M | $23.4M |
自由现金流EHCROKU
| Q1 26 | — | $298.4M | ||
| Q4 25 | $116.7M | $106.6M | ||
| Q3 25 | $83.7M | $126.5M | ||
| Q2 25 | $113.3M | $108.6M | ||
| Q1 25 | $125.5M | $136.8M | ||
| Q4 24 | $80.1M | $76.8M | ||
| Q3 24 | $120.3M | $67.6M | ||
| Q2 24 | $60.5M | $22.5M |
自由现金流率EHCROKU
| Q1 26 | — | 23.9% | ||
| Q4 25 | 7.6% | 7.6% | ||
| Q3 25 | 5.7% | 10.4% | ||
| Q2 25 | 7.8% | 9.8% | ||
| Q1 25 | 8.6% | 13.4% | ||
| Q4 24 | 5.7% | 6.4% | ||
| Q3 24 | 8.9% | 6.4% | ||
| Q2 24 | 4.6% | 2.3% |
资本支出强度EHCROKU
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 0.1% | ||
| Q3 25 | 12.7% | 0.1% | ||
| Q2 25 | 10.8% | 0.1% | ||
| Q1 25 | 11.2% | 0.2% | ||
| Q4 24 | 14.1% | 0.2% | ||
| Q3 24 | 10.9% | 0.1% | ||
| Q2 24 | 12.1% | 0.1% |
现金转化率EHCROKU
| Q1 26 | — | — | ||
| Q4 25 | 2.37× | 1.34× | ||
| Q3 25 | 2.14× | 5.14× | ||
| Q2 25 | 1.90× | 10.45× | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 2.31× | — | ||
| Q3 24 | 2.48× | — | ||
| Q2 24 | 1.91× | — |
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% |
ROKU
| Advertising | $612.7M | 49% |
| Subscriptions | $518.5M | 42% |
| Devices | $117.6M | 9% |
