vs
Encompass Health Corp（EHC）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.9倍（$1.5B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 9.5%，领先19.2%），Ubiquiti Inc.同比增速更快（35.8% vs 9.9%），Ubiquiti Inc.自由现金流更多（$260.3M vs $116.7M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
EHC vs UI — 直观对比
营收规模更大
EHC
是对方的1.9倍
$814.9M
营收增速更快
UI
高出25.9%
9.9%
净利率更高
UI
高出19.2%
9.5%
自由现金流更多
UI
多$143.6M
$116.7M
两年增速更快
UI
近两年复合增速
8.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $814.9M |
| 净利润 | $146.1M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 16.7% | 35.9% |
| 净利率 | 9.5% | 28.7% |
| 营收同比 | 9.9% | 35.8% |
| 净利润同比 | 20.8% | 70.8% |
| 每股收益（稀释后） | $1.43 | $3.86 |
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EHCUI
| Q4 25 | $1.5B | $814.9M | ||
| Q3 25 | $1.5B | $733.8M | ||
| Q2 25 | $1.5B | $759.2M | ||
| Q1 25 | $1.5B | $664.2M | ||
| Q4 24 | $1.4B | $599.9M | ||
| Q3 24 | $1.4B | $550.3M | ||
| Q2 24 | $1.3B | $507.5M | ||
| Q1 24 | $1.3B | $493.0M |
净利润EHCUI
| Q4 25 | $146.1M | $233.6M | ||
| Q3 25 | $126.5M | $207.9M | ||
| Q2 25 | $142.1M | $266.7M | ||
| Q1 25 | $151.5M | $180.4M | ||
| Q4 24 | $120.9M | $136.8M | ||
| Q3 24 | $108.2M | $128.0M | ||
| Q2 24 | $114.1M | $103.8M | ||
| Q1 24 | $112.5M | $76.3M |
毛利率EHCUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率EHCUI
| Q4 25 | 16.7% | 35.9% | ||
| Q3 25 | 14.9% | 35.7% | ||
| Q2 25 | 16.2% | 34.4% | ||
| Q1 25 | 16.4% | 34.2% | ||
| Q4 24 | 14.3% | 29.8% | ||
| Q3 24 | 13.6% | 30.7% | ||
| Q2 24 | 14.3% | 27.3% | ||
| Q1 24 | 13.6% | 22.6% |
净利率EHCUI
| Q4 25 | 9.5% | 28.7% | ||
| Q3 25 | 8.6% | 28.3% | ||
| Q2 25 | 9.7% | 35.1% | ||
| Q1 25 | 10.4% | 27.2% | ||
| Q4 24 | 8.6% | 22.8% | ||
| Q3 24 | 8.0% | 23.3% | ||
| Q2 24 | 8.8% | 20.5% | ||
| Q1 24 | 8.5% | 15.5% |
每股收益（稀释后）EHCUI
| Q4 25 | $1.43 | $3.86 | ||
| Q3 25 | $1.24 | $3.43 | ||
| Q2 25 | $1.39 | $4.40 | ||
| Q1 25 | $1.48 | $2.98 | ||
| Q4 24 | $1.18 | $2.26 | ||
| Q3 24 | $1.06 | $2.12 | ||
| Q2 24 | $1.12 | $1.72 | ||
| Q1 24 | $1.10 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $2.4B | $47.5M |
| 股东权益账面价值 | $2.4B | $1.0B |
| 总资产 | $7.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.00× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资EHCUI
| Q4 25 | $72.2M | $302.8M | ||
| Q3 25 | $48.7M | $177.2M | ||
| Q2 25 | $99.1M | $149.7M | ||
| Q1 25 | $95.8M | $151.0M | ||
| Q4 24 | $85.4M | $133.1M | ||
| Q3 24 | $147.8M | $165.2M | ||
| Q2 24 | $154.4M | $126.3M | ||
| Q1 24 | $134.4M | $102.5M |
总债务EHCUI
| Q4 25 | $2.4B | $47.5M | ||
| Q3 25 | $2.4B | $133.8M | ||
| Q2 25 | $2.3B | $250.0M | ||
| Q1 25 | $2.3B | $340.0M | ||
| Q4 24 | $2.4B | $406.3M | ||
| Q3 24 | $2.3B | $552.5M | ||
| Q2 24 | $2.7B | $708.1M | ||
| Q1 24 | $2.7B | $877.5M |
股东权益EHCUI
| Q4 25 | $2.4B | $1.0B | ||
| Q3 25 | $2.4B | $828.4M | ||
| Q2 25 | $2.3B | $668.3M | ||
| Q1 25 | $2.2B | $436.1M | ||
| Q4 24 | $2.1B | $290.4M | ||
| Q3 24 | $2.0B | $188.1M | ||
| Q2 24 | $1.8B | $95.1M | ||
| Q1 24 | $1.7B | $25.9M |
总资产EHCUI
| Q4 25 | $7.1B | $1.6B | ||
| Q3 25 | $6.9B | $1.5B | ||
| Q2 25 | $6.8B | $1.5B | ||
| Q1 25 | $6.6B | $1.3B | ||
| Q4 24 | $6.5B | $1.2B | ||
| Q3 24 | $6.5B | $1.2B | ||
| Q2 24 | $6.4B | $1.2B | ||
| Q1 24 | $6.2B | $1.2B |
负债/权益比EHCUI
| Q4 25 | 1.00× | 0.05× | ||
| Q3 25 | 1.01× | 0.16× | ||
| Q2 25 | 1.02× | 0.37× | ||
| Q1 25 | 1.08× | 0.78× | ||
| Q4 24 | 1.14× | 1.40× | ||
| Q3 24 | 1.20× | 2.94× | ||
| Q2 24 | 1.46× | 7.45× | ||
| Q1 24 | 1.54× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $260.3M |
| 自由现金流率自由现金流/营收 | 7.6% | 31.9% |
| 资本支出强度资本支出/营收 | 14.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.37× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $439.2M | $699.5M |
8季度趋势，按日历期对齐
经营现金流EHCUI
| Q4 25 | $346.0M | $263.9M | ||
| Q3 25 | $270.8M | $198.5M | ||
| Q2 25 | $270.2M | $130.4M | ||
| Q1 25 | $288.6M | $123.6M | ||
| Q4 24 | $278.8M | $152.4M | ||
| Q3 24 | $267.8M | $233.7M | ||
| Q2 24 | $217.4M | $231.4M | ||
| Q1 24 | $238.8M | $163.9M |
自由现金流EHCUI
| Q4 25 | $116.7M | $260.3M | ||
| Q3 25 | $83.7M | $193.3M | ||
| Q2 25 | $113.3M | $125.2M | ||
| Q1 25 | $125.5M | $120.7M | ||
| Q4 24 | $80.1M | $150.4M | ||
| Q3 24 | $120.3M | $231.1M | ||
| Q2 24 | $60.5M | $229.5M | ||
| Q1 24 | $99.4M | $160.6M |
自由现金流率EHCUI
| Q4 25 | 7.6% | 31.9% | ||
| Q3 25 | 5.7% | 26.3% | ||
| Q2 25 | 7.8% | 16.5% | ||
| Q1 25 | 8.6% | 18.2% | ||
| Q4 24 | 5.7% | 25.1% | ||
| Q3 24 | 8.9% | 42.0% | ||
| Q2 24 | 4.6% | 45.2% | ||
| Q1 24 | 7.6% | 32.6% |
资本支出强度EHCUI
| Q4 25 | 14.8% | 0.4% | ||
| Q3 25 | 12.7% | 0.7% | ||
| Q2 25 | 10.8% | 0.7% | ||
| Q1 25 | 11.2% | 0.4% | ||
| Q4 24 | 14.1% | 0.3% | ||
| Q3 24 | 10.9% | 0.5% | ||
| Q2 24 | 12.1% | 0.4% | ||
| Q1 24 | 10.6% | 0.7% |
现金转化率EHCUI
| Q4 25 | 2.37× | 1.13× | ||
| Q3 25 | 2.14× | 0.95× | ||
| Q2 25 | 1.90× | 0.49× | ||
| Q1 25 | 1.90× | 0.68× | ||
| Q4 24 | 2.31× | 1.11× | ||
| Q3 24 | 2.48× | 1.83× | ||
| Q2 24 | 1.91× | 2.23× | ||
| Q1 24 | 2.12× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
