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eHealth, Inc.（EHTH）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是eHealth, Inc.的1.4倍（$461.6M vs $326.2M），eHealth, Inc.净利率更高（26.7% vs 14.6%，领先12.1%），RBC Bearings INC同比增速更快（17.0% vs 3.5%），RBC Bearings INC自由现金流更多（$99.1M vs $-36.1M），过去两年eHealth, Inc.的营收复合增速更高（87.3% vs 5.6%）
eHealth, Inc.以eHealthInsurance品牌开展业务，是一家公开上市的健康保险在线交易平台，公司注册于特拉华州，总部位于加利福尼亚州圣克拉拉。该平台主要提供医疗保险相关计划，涵盖联邦医疗保险处方药计划、联邦医疗保险补充计划、优势计划等产品，同时也售卖个人健康保险产品，业务覆盖美国全部50个州及华盛顿特区。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
EHTH vs RBC — 直观对比
营收规模更大
RBC
是对方的1.4倍
$326.2M
营收增速更快
RBC
高出13.5%
3.5%
净利率更高
EHTH
高出12.1%
14.6%
自由现金流更多
RBC
多$135.2M
$-36.1M
两年增速更快
EHTH
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $326.2M | $461.6M |
| 净利润 | $87.2M | $67.4M |
| 毛利率 | 55.3% | 44.3% |
| 营业利润率 | 38.7% | 22.3% |
| 净利率 | 26.7% | 14.6% |
| 营收同比 | 3.5% | 17.0% |
| 净利润同比 | -10.6% | 16.4% |
| 每股收益（稀释后） | $2.43 | $2.13 |
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EHTHRBC
| Q4 25 | $326.2M | $461.6M | ||
| Q3 25 | $53.9M | $455.3M | ||
| Q2 25 | $60.8M | $436.0M | ||
| Q1 25 | $113.1M | $437.7M | ||
| Q4 24 | $315.2M | $394.4M | ||
| Q3 24 | $58.4M | $397.9M | ||
| Q2 24 | $65.9M | $406.3M | ||
| Q1 24 | $93.0M | $413.7M |
净利润EHTHRBC
| Q4 25 | $87.2M | $67.4M | ||
| Q3 25 | $-31.7M | $60.0M | ||
| Q2 25 | $-17.4M | $68.5M | ||
| Q1 25 | $1.9M | $72.7M | ||
| Q4 24 | $97.5M | $57.9M | ||
| Q3 24 | $-42.5M | $54.2M | ||
| Q2 24 | $-28.0M | $61.4M | ||
| Q1 24 | $-17.0M | — |
毛利率EHTHRBC
| Q4 25 | 55.3% | 44.3% | ||
| Q3 25 | -0.3% | 44.1% | ||
| Q2 25 | 31.1% | 44.8% | ||
| Q1 25 | 36.9% | 44.2% | ||
| Q4 24 | 52.0% | 44.3% | ||
| Q3 24 | -6.5% | 43.7% | ||
| Q2 24 | 28.7% | 45.3% | ||
| Q1 24 | 31.7% | 43.1% |
营业利润率EHTHRBC
| Q4 25 | 38.7% | 22.3% | ||
| Q3 25 | -77.1% | 21.5% | ||
| Q2 25 | -37.9% | 23.2% | ||
| Q1 25 | 4.2% | 23.0% | ||
| Q4 24 | 35.7% | 21.7% | ||
| Q3 24 | -74.0% | 21.6% | ||
| Q2 24 | -42.5% | 24.0% | ||
| Q1 24 | -19.3% | 22.8% |
净利率EHTHRBC
| Q4 25 | 26.7% | 14.6% | ||
| Q3 25 | -58.8% | 13.2% | ||
| Q2 25 | -28.6% | 15.7% | ||
| Q1 25 | 1.7% | 16.6% | ||
| Q4 24 | 30.9% | 14.7% | ||
| Q3 24 | -72.7% | 13.6% | ||
| Q2 24 | -42.5% | 15.1% | ||
| Q1 24 | -18.3% | — |
每股收益（稀释后）EHTHRBC
| Q4 25 | $2.43 | $2.13 | ||
| Q3 25 | $-1.46 | $1.90 | ||
| Q2 25 | $-0.98 | $2.17 | ||
| Q1 25 | $-0.33 | $2.33 | ||
| Q4 24 | $2.93 | $1.82 | ||
| Q3 24 | $-1.83 | $1.65 | ||
| Q2 24 | $-1.33 | $1.90 | ||
| Q1 24 | $-0.96 | $1.92 |
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 | $73.7M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $591.6M | $3.3B |
| 总资产 | $1.3B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资EHTHRBC
| Q4 25 | $73.7M | $107.6M | ||
| Q3 25 | $63.1M | $91.2M | ||
| Q2 25 | $65.9M | $132.9M | ||
| Q1 25 | $121.1M | $36.8M | ||
| Q4 24 | $39.2M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $126.3M | $76.8M | ||
| Q1 24 | $175.0M | $63.5M |
总债务EHTHRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益EHTHRBC
| Q4 25 | $591.6M | $3.3B | ||
| Q3 25 | $514.2M | $3.2B | ||
| Q2 25 | $554.9M | $3.1B | ||
| Q1 25 | $581.6M | $3.0B | ||
| Q4 24 | $588.4M | $2.9B | ||
| Q3 24 | $499.3M | $2.9B | ||
| Q2 24 | $548.9M | $2.8B | ||
| Q1 24 | $582.8M | $2.8B |
总资产EHTHRBC
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.0B | $5.1B | ||
| Q2 25 | $1.1B | $4.8B | ||
| Q1 25 | $1.1B | $4.7B | ||
| Q4 24 | $1.2B | $4.7B | ||
| Q3 24 | $1.0B | $4.7B | ||
| Q2 24 | $1.0B | $4.7B | ||
| Q1 24 | $1.1B | $4.7B |
负债/权益比EHTHRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $-35.9M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-36.1M | $99.1M |
| 自由现金流率自由现金流/营收 | -11.1% | 21.5% |
| 资本支出强度资本支出/营收 | 0.0% | 5.0% |
| 现金转化率经营现金流/净利润 | -0.41× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-27.6M | — |
8季度趋势，按日历期对齐
经营现金流EHTHRBC
| Q4 25 | $-35.9M | $122.1M | ||
| Q3 25 | $-25.3M | $88.4M | ||
| Q2 25 | $-41.2M | $120.0M | ||
| Q1 25 | $77.1M | — | ||
| Q4 24 | $-27.7M | $84.0M | ||
| Q3 24 | $-29.3M | — | ||
| Q2 24 | $-32.2M | $97.4M | ||
| Q1 24 | $70.8M | — |
自由现金流EHTHRBC
| Q4 25 | $-36.1M | $99.1M | ||
| Q3 25 | $-25.5M | $71.7M | ||
| Q2 25 | $-42.8M | $104.3M | ||
| Q1 25 | $76.8M | — | ||
| Q4 24 | $-28.3M | $73.6M | ||
| Q3 24 | $-30.3M | — | ||
| Q2 24 | $-32.4M | $88.4M | ||
| Q1 24 | $70.6M | — |
自由现金流率EHTHRBC
| Q4 25 | -11.1% | 21.5% | ||
| Q3 25 | -47.4% | 15.7% | ||
| Q2 25 | -70.4% | 23.9% | ||
| Q1 25 | 67.9% | — | ||
| Q4 24 | -9.0% | 18.7% | ||
| Q3 24 | -51.8% | — | ||
| Q2 24 | -49.3% | 21.8% | ||
| Q1 24 | 75.9% | — |
资本支出强度EHTHRBC
| Q4 25 | 0.0% | 5.0% | ||
| Q3 25 | 0.4% | 3.7% | ||
| Q2 25 | 2.6% | 3.6% | ||
| Q1 25 | 0.3% | 3.2% | ||
| Q4 24 | 0.2% | 2.6% | ||
| Q3 24 | 1.7% | 4.1% | ||
| Q2 24 | 0.4% | 2.2% | ||
| Q1 24 | 0.2% | — |
现金转化率EHTHRBC
| Q4 25 | -0.41× | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 39.55× | — | ||
| Q4 24 | -0.28× | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 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
EHTH
| Medicare | $282.7M | 87% |
| Other | $29.2M | 9% |
| Ancillaries | $7.9M | 2% |
| Commission Members Approved In Prior Periods | $3.8M | 1% |
| Small Business | $3.1M | 1% |
| Commission Revenue From Renewals | $2.4M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
