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Encompass Health Corp（EHC）与Petco Health & Wellness Company, Inc.（WOOF）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Petco Health & Wellness Company, Inc.的1.1倍（$1.5B vs $1.5B），Encompass Health Corp净利率更高（9.5% vs 0.6%，领先8.8%），Encompass Health Corp同比增速更快（9.9% vs -3.1%），Encompass Health Corp自由现金流更多（$116.7M vs $60.6M），过去两年Encompass Health Corp的营收复合增速更高（8.3% vs -6.5%）
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。
Petco健康与 wellness公司是美国知名宠物零售商，总部分别设于圣迭戈与圣安东尼奥。公司主营宠物食品、宠物用品及相关宠物服务，同时也售卖部分品类的活宠小型宠物，是北美宠物零售领域的老牌企业。
EHC vs WOOF — 直观对比
营收规模更大
EHC
是对方的1.1倍
$1.5B
营收增速更快
EHC
高出13.0%
-3.1%
净利率更高
EHC
高出8.8%
0.6%
自由现金流更多
EHC
多$56.1M
$60.6M
两年增速更快
EHC
近两年复合增速
-6.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.5B |
| 净利润 | $146.1M | $9.3M |
| 毛利率 | — | 38.9% |
| 营业利润率 | 16.7% | 2.0% |
| 净利率 | 9.5% | 0.6% |
| 营收同比 | 9.9% | -3.1% |
| 净利润同比 | 20.8% | 156.0% |
| 每股收益（稀释后） | $1.43 | $0.03 |
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EHCWOOF
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.7B |
净利润EHCWOOF
| Q4 25 | $146.1M | $9.3M | ||
| Q3 25 | $126.5M | $14.0M | ||
| Q2 25 | $142.1M | $-11.7M | ||
| Q1 25 | $151.5M | $-13.8M | ||
| Q4 24 | $120.9M | $-16.7M | ||
| Q3 24 | $108.2M | $-24.8M | ||
| Q2 24 | $114.1M | $-46.5M | ||
| Q1 24 | $112.5M | $-22.6M |
毛利率EHCWOOF
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 39.3% | ||
| Q2 25 | — | 38.2% | ||
| Q1 25 | — | 38.0% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | — | 38.1% | ||
| Q2 24 | — | 37.8% | ||
| Q1 24 | — | 36.2% |
营业利润率EHCWOOF
| Q4 25 | 16.7% | 2.0% | ||
| Q3 25 | 14.9% | 2.9% | ||
| Q2 25 | 16.2% | 1.1% | ||
| Q1 25 | 16.4% | 1.1% | ||
| Q4 24 | 14.3% | 0.3% | ||
| Q3 24 | 13.6% | 0.2% | ||
| Q2 24 | 14.3% | -1.1% | ||
| Q1 24 | 13.6% | 0.0% |
净利率EHCWOOF
| Q4 25 | 9.5% | 0.6% | ||
| Q3 25 | 8.6% | 0.9% | ||
| Q2 25 | 9.7% | -0.8% | ||
| Q1 25 | 10.4% | -0.9% | ||
| Q4 24 | 8.6% | -1.1% | ||
| Q3 24 | 8.0% | -1.6% | ||
| Q2 24 | 8.8% | -3.0% | ||
| Q1 24 | 8.5% | -1.3% |
每股收益（稀释后）EHCWOOF
| Q4 25 | $1.43 | $0.03 | ||
| Q3 25 | $1.24 | $0.05 | ||
| Q2 25 | $1.39 | $-0.04 | ||
| Q1 25 | $1.48 | $-0.05 | ||
| Q4 24 | $1.18 | $-0.06 | ||
| Q3 24 | $1.06 | $-0.09 | ||
| Q2 24 | $1.12 | $-0.17 | ||
| Q1 24 | $1.10 | $-0.09 |
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 | $237.4M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $2.4B | $1.2B |
| 总资产 | $7.1B | $5.2B |
| 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EHCWOOF
| Q4 25 | $72.2M | $237.4M | ||
| Q3 25 | $48.7M | $188.7M | ||
| Q2 25 | $99.1M | $133.3M | ||
| Q1 25 | $95.8M | $165.8M | ||
| Q4 24 | $85.4M | $116.7M | ||
| Q3 24 | $147.8M | $127.6M | ||
| Q2 24 | $154.4M | $89.7M | ||
| Q1 24 | $134.4M | $125.4M |
总债务EHCWOOF
| 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 | — | ||
| Q1 24 | $2.7B | — |
股东权益EHCWOOF
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.2B | $1.1B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.7B | $1.2B |
总资产EHCWOOF
| Q4 25 | $7.1B | $5.2B | ||
| Q3 25 | $6.9B | $5.2B | ||
| Q2 25 | $6.8B | $5.1B | ||
| Q1 25 | $6.6B | $5.2B | ||
| Q4 24 | $6.5B | $5.2B | ||
| Q3 24 | $6.5B | $5.3B | ||
| Q2 24 | $6.4B | $5.3B | ||
| Q1 24 | $6.2B | $5.4B |
负债/权益比EHCWOOF
| 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× | — | ||
| 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 | $90.1M |
| 自由现金流经营现金流 - 资本支出 | $116.7M | $60.6M |
| 自由现金流率自由现金流/营收 | 7.6% | 4.1% |
| 资本支出强度资本支出/营收 | 14.8% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.37× | 9.66× |
| 过去12个月自由现金流最近4个季度 | $439.2M | $129.6M |
8季度趋势，按日历期对齐
经营现金流EHCWOOF
| Q4 25 | $346.0M | $90.1M | ||
| Q3 25 | $270.8M | $85.9M | ||
| Q2 25 | $270.2M | $-15.5M | ||
| Q1 25 | $288.6M | $96.0M | ||
| Q4 24 | $278.8M | $20.7M | ||
| Q3 24 | $267.8M | $69.4M | ||
| Q2 24 | $217.4M | $-8.4M | ||
| Q1 24 | $238.8M | $47.0M |
自由现金流EHCWOOF
| Q4 25 | $116.7M | $60.6M | ||
| Q3 25 | $83.7M | $53.8M | ||
| Q2 25 | $113.3M | $-43.9M | ||
| Q1 25 | $125.5M | $59.0M | ||
| Q4 24 | $80.1M | $-10.3M | ||
| Q3 24 | $120.3M | $42.0M | ||
| Q2 24 | $60.5M | $-41.1M | ||
| Q1 24 | $99.4M | $-2.0M |
自由现金流率EHCWOOF
| Q4 25 | 7.6% | 4.1% | ||
| Q3 25 | 5.7% | 3.6% | ||
| Q2 25 | 7.8% | -2.9% | ||
| Q1 25 | 8.6% | 3.8% | ||
| Q4 24 | 5.7% | -0.7% | ||
| Q3 24 | 8.9% | 2.8% | ||
| Q2 24 | 4.6% | -2.7% | ||
| Q1 24 | 7.6% | -0.1% |
资本支出强度EHCWOOF
| Q4 25 | 14.8% | 2.0% | ||
| Q3 25 | 12.7% | 2.2% | ||
| Q2 25 | 10.8% | 1.9% | ||
| Q1 25 | 11.2% | 2.4% | ||
| Q4 24 | 14.1% | 2.1% | ||
| Q3 24 | 10.9% | 1.8% | ||
| Q2 24 | 12.1% | 2.1% | ||
| Q1 24 | 10.6% | 2.9% |
现金转化率EHCWOOF
| Q4 25 | 2.37× | 9.66× | ||
| Q3 25 | 2.14× | 6.15× | ||
| Q2 25 | 1.90× | — | ||
| Q1 25 | 1.90× | — | ||
| Q4 24 | 2.31× | — | ||
| Q3 24 | 2.48× | — | ||
| Q2 24 | 1.91× | — | ||
| Q1 24 | 2.12× | — |
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% |
WOOF
| Consumables | $731.5M | 50% |
| Supplies And Companion Animals | $478.1M | 33% |
| Services & Other | $254.8M | 17% |
