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eHealth, Inc.（EHTH）与Rapid7, Inc.（RPD）财务数据对比。点击上方公司名可切换其他公司
eHealth, Inc.的季度营收约是Rapid7, Inc.的1.5倍（$326.2M vs $217.4M），eHealth, Inc.净利率更高（26.7% vs 1.4%，领先25.3%），eHealth, Inc.同比增速更快（3.5% vs 0.5%），Rapid7, Inc.自由现金流更多（$36.4M vs $-36.1M），过去两年eHealth, Inc.的营收复合增速更高（87.3% vs 3.0%）
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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
EHTH vs RPD — 直观对比
营收规模更大
EHTH
是对方的1.5倍
$217.4M
营收增速更快
EHTH
高出3.0%
0.5%
净利率更高
EHTH
高出25.3%
1.4%
自由现金流更多
RPD
多$72.5M
$-36.1M
两年增速更快
EHTH
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $326.2M | $217.4M |
| 净利润 | $87.2M | $3.1M |
| 毛利率 | 55.3% | 68.9% |
| 营业利润率 | 38.7% | 1.0% |
| 净利率 | 26.7% | 1.4% |
| 营收同比 | 3.5% | 0.5% |
| 净利润同比 | -10.6% | 44.1% |
| 每股收益（稀释后） | $2.43 | $0.05 |
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EHTHRPD
| Q4 25 | $326.2M | $217.4M | ||
| Q3 25 | $53.9M | $218.0M | ||
| Q2 25 | $60.8M | $214.2M | ||
| Q1 25 | $113.1M | $210.3M | ||
| Q4 24 | $315.2M | $216.3M | ||
| Q3 24 | $58.4M | $214.7M | ||
| Q2 24 | $65.9M | $208.0M | ||
| Q1 24 | $93.0M | $205.1M |
净利润EHTHRPD
| Q4 25 | $87.2M | $3.1M | ||
| Q3 25 | $-31.7M | $9.8M | ||
| Q2 25 | $-17.4M | $8.3M | ||
| Q1 25 | $1.9M | $2.1M | ||
| Q4 24 | $97.5M | $2.2M | ||
| Q3 24 | $-42.5M | $15.4M | ||
| Q2 24 | $-28.0M | $6.5M | ||
| Q1 24 | $-17.0M | $1.4M |
毛利率EHTHRPD
| Q4 25 | 55.3% | 68.9% | ||
| Q3 25 | -0.3% | 70.2% | ||
| Q2 25 | 31.1% | 70.6% | ||
| Q1 25 | 36.9% | 71.7% | ||
| Q4 24 | 52.0% | 69.5% | ||
| Q3 24 | -6.5% | 70.6% | ||
| Q2 24 | 28.7% | 70.7% | ||
| Q1 24 | 31.7% | 70.3% |
营业利润率EHTHRPD
| Q4 25 | 38.7% | 1.0% | ||
| Q3 25 | -77.1% | 2.7% | ||
| Q2 25 | -37.9% | 1.6% | ||
| Q1 25 | 4.2% | -0.0% | ||
| Q4 24 | 35.7% | 3.4% | ||
| Q3 24 | -74.0% | 6.0% | ||
| Q2 24 | -42.5% | 2.5% | ||
| Q1 24 | -19.3% | 4.7% |
净利率EHTHRPD
| Q4 25 | 26.7% | 1.4% | ||
| Q3 25 | -58.8% | 4.5% | ||
| Q2 25 | -28.6% | 3.9% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 30.9% | 1.0% | ||
| Q3 24 | -72.7% | 7.2% | ||
| Q2 24 | -42.5% | 3.1% | ||
| Q1 24 | -18.3% | 0.7% |
每股收益（稀释后）EHTHRPD
| Q4 25 | $2.43 | $0.05 | ||
| Q3 25 | $-1.46 | $0.15 | ||
| Q2 25 | $-0.98 | $0.13 | ||
| Q1 25 | $-0.33 | $0.03 | ||
| Q4 24 | $2.93 | $0.08 | ||
| Q3 24 | $-1.83 | $0.21 | ||
| Q2 24 | $-1.33 | $0.09 | ||
| Q1 24 | $-0.96 | $0.02 |
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 | $474.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $591.6M | $154.7M |
| 总资产 | $1.3B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资EHTHRPD
| Q4 25 | $73.7M | $474.7M | ||
| Q3 25 | $63.1M | $407.1M | ||
| Q2 25 | $65.9M | $511.7M | ||
| Q1 25 | $121.1M | $493.5M | ||
| Q4 24 | $39.2M | $521.7M | ||
| Q3 24 | $64.0M | $443.7M | ||
| Q2 24 | $126.3M | $442.6M | ||
| Q1 24 | $175.0M | $411.7M |
股东权益EHTHRPD
| Q4 25 | $591.6M | $154.7M | ||
| Q3 25 | $514.2M | $127.2M | ||
| Q2 25 | $554.9M | $90.4M | ||
| Q1 25 | $581.6M | $52.7M | ||
| Q4 24 | $588.4M | $17.7M | ||
| Q3 24 | $499.3M | $-5.1M | ||
| Q2 24 | $548.9M | $-52.6M | ||
| Q1 24 | $582.8M | $-86.4M |
总资产EHTHRPD
| Q4 25 | $1.3B | $1.7B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | $-36.1M | $36.4M |
| 自由现金流率自由现金流/营收 | -11.1% | 16.8% |
| 资本支出强度资本支出/营收 | 0.0% | 0.5% |
| 现金转化率经营现金流/净利润 | -0.41× | 12.01× |
| 过去12个月自由现金流最近4个季度 | $-27.6M | $146.2M |
8季度趋势，按日历期对齐
经营现金流EHTHRPD
| Q4 25 | $-35.9M | $37.6M | ||
| Q3 25 | $-25.3M | $39.0M | ||
| Q2 25 | $-41.2M | $47.5M | ||
| Q1 25 | $77.1M | $29.8M | ||
| Q4 24 | $-27.7M | $63.8M | ||
| Q3 24 | $-29.3M | $44.0M | ||
| Q2 24 | $-32.2M | $32.9M | ||
| Q1 24 | $70.8M | $31.1M |
自由现金流EHTHRPD
| Q4 25 | $-36.1M | $36.4M | ||
| Q3 25 | $-25.5M | $34.8M | ||
| Q2 25 | $-42.8M | $46.6M | ||
| Q1 25 | $76.8M | $28.4M | ||
| Q4 24 | $-28.3M | $62.6M | ||
| Q3 24 | $-30.3M | $42.6M | ||
| Q2 24 | $-32.4M | $32.6M | ||
| Q1 24 | $70.6M | $30.4M |
自由现金流率EHTHRPD
| Q4 25 | -11.1% | 16.8% | ||
| Q3 25 | -47.4% | 16.0% | ||
| Q2 25 | -70.4% | 21.8% | ||
| Q1 25 | 67.9% | 13.5% | ||
| Q4 24 | -9.0% | 28.9% | ||
| Q3 24 | -51.8% | 19.9% | ||
| Q2 24 | -49.3% | 15.7% | ||
| Q1 24 | 75.9% | 14.8% |
资本支出强度EHTHRPD
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.4% | 1.9% | ||
| Q2 25 | 2.6% | 0.4% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.2% | 0.3% |
现金转化率EHTHRPD
| Q4 25 | -0.41× | 12.01× | ||
| Q3 25 | — | 3.97× | ||
| Q2 25 | — | 5.70× | ||
| Q1 25 | 39.55× | 14.14× | ||
| Q4 24 | -0.28× | 29.36× | ||
| Q3 24 | — | 2.85× | ||
| Q2 24 | — | 5.03× | ||
| Q1 24 | — | 22.10× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
