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FIRST HORIZON CORP（FHN）与Envista Holdings Corp（NVST）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是Envista Holdings Corp的1.2倍（$888.0M vs $750.6M），FIRST HORIZON CORP净利率更高（29.4% vs 4.4%，领先25.0%），FIRST HORIZON CORP同比增速更快（21.8% vs 15.0%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $91.7M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs 9.7%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
Envista Holdings Corp是一家总部位于美国的企业，旗下Envista Forensics业务板块面向保险、法律及风险管理行业，在全球范围内提供法务工程与事故复原解决方案。公司前身为LWG咨询有限公司，2017年正式更名为Envista Forensics。
FHN vs NVST — 直观对比
营收规模更大
FHN
是对方的1.2倍
$750.6M
营收增速更快
FHN
高出6.8%
15.0%
净利率更高
FHN
高出25.0%
4.4%
自由现金流更多
FHN
多$297.3M
$91.7M
两年增速更快
FHN
近两年复合增速
9.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $750.6M |
| 净利润 | $261.0M | $32.9M |
| 毛利率 | — | 54.7% |
| 营业利润率 | 38.5% | 9.8% |
| 净利率 | 29.4% | 4.4% |
| 营收同比 | 21.8% | 15.0% |
| 净利润同比 | 57.2% | 2641.7% |
| 每股收益（稀释后） | $0.51 | $0.20 |
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FHNNVST
| Q4 25 | $888.0M | $750.6M | ||
| Q3 25 | $889.0M | $669.9M | ||
| Q2 25 | $830.0M | $682.1M | ||
| Q1 25 | $812.0M | $616.9M | ||
| Q4 24 | $729.0M | $652.9M | ||
| Q3 24 | $827.0M | $601.0M | ||
| Q2 24 | — | $633.1M | ||
| Q1 24 | $819.0M | $623.6M |
净利润FHNNVST
| Q4 25 | $261.0M | $32.9M | ||
| Q3 25 | $262.0M | $-30.3M | ||
| Q2 25 | $241.0M | $26.4M | ||
| Q1 25 | $218.0M | $18.0M | ||
| Q4 24 | $166.0M | $1.2M | ||
| Q3 24 | $218.0M | $8.2M | ||
| Q2 24 | — | $-1.2B | ||
| Q1 24 | $192.0M | $23.6M |
毛利率FHNNVST
| Q4 25 | — | 54.7% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 54.2% | ||
| Q1 25 | — | 54.5% | ||
| Q4 24 | — | 57.1% | ||
| Q3 24 | — | 52.8% | ||
| Q2 24 | — | 51.6% | ||
| Q1 24 | — | 57.1% |
营业利润率FHNNVST
| Q4 25 | 38.5% | 9.8% | ||
| Q3 25 | 38.7% | 8.6% | ||
| Q2 25 | 37.2% | 6.8% | ||
| Q1 25 | 35.1% | 6.3% | ||
| Q4 24 | 28.8% | 7.1% | ||
| Q3 24 | 34.0% | 3.5% | ||
| Q2 24 | — | -182.2% | ||
| Q1 24 | 31.0% | 7.7% |
净利率FHNNVST
| Q4 25 | 29.4% | 4.4% | ||
| Q3 25 | 29.5% | -4.5% | ||
| Q2 25 | 29.0% | 3.9% | ||
| Q1 25 | 26.8% | 2.9% | ||
| Q4 24 | 22.8% | 0.2% | ||
| Q3 24 | 26.4% | 1.4% | ||
| Q2 24 | — | -181.9% | ||
| Q1 24 | 23.4% | 3.8% |
每股收益（稀释后）FHNNVST
| Q4 25 | $0.51 | $0.20 | ||
| Q3 25 | $0.50 | $-0.18 | ||
| Q2 25 | $0.45 | $0.16 | ||
| Q1 25 | $0.41 | $0.10 | ||
| Q4 24 | $0.29 | $0.00 | ||
| Q3 24 | $0.40 | $0.05 | ||
| Q2 24 | — | $-6.69 | ||
| Q1 24 | $0.33 | $0.14 |
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 | — | $1.2B |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $8.8B | $3.1B |
| 总资产 | $83.9B | $5.7B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资FHNNVST
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $991.3M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $948.5M |
总债务FHNNVST
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
股东权益FHNNVST
| Q4 25 | $8.8B | $3.1B | ||
| Q3 25 | $8.9B | $3.1B | ||
| Q2 25 | $9.0B | $3.1B | ||
| Q1 25 | $8.7B | $3.0B | ||
| Q4 24 | $8.8B | $2.9B | ||
| Q3 24 | $9.0B | $3.1B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | $8.9B | $4.1B |
总资产FHNNVST
| Q4 25 | $83.9B | $5.7B | ||
| Q3 25 | $83.2B | $5.6B | ||
| Q2 25 | $82.1B | $5.7B | ||
| Q1 25 | $81.5B | $5.5B | ||
| Q4 24 | $82.2B | $5.4B | ||
| Q3 24 | $82.6B | $5.5B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | $81.8B | $6.6B |
负债/权益比FHNNVST
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.47× | ||
| Q2 25 | — | 0.46× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.46× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.36× |
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 | $396.0M | $108.0M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $91.7M |
| 自由现金流率自由现金流/营收 | 43.8% | 12.2% |
| 资本支出强度资本支出/营收 | 0.8% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.52× | 3.28× |
| 过去12个月自由现金流最近4个季度 | $595.0M | $230.4M |
8季度趋势，按日历期对齐
经营现金流FHNNVST
| Q4 25 | $396.0M | $108.0M | ||
| Q3 25 | $-200.0M | $78.7M | ||
| Q2 25 | $83.0M | $88.7M | ||
| Q1 25 | $349.0M | $300.0K | ||
| Q4 24 | $191.0M | $132.4M | ||
| Q3 24 | $389.0M | $70.7M | ||
| Q2 24 | — | $93.1M | ||
| Q1 24 | $838.0M | $40.3M |
自由现金流FHNNVST
| Q4 25 | $389.0M | $91.7M | ||
| Q3 25 | $-208.0M | $67.9M | ||
| Q2 25 | $74.0M | $76.4M | ||
| Q1 25 | $340.0M | $-5.6M | ||
| Q4 24 | $174.0M | $123.8M | ||
| Q3 24 | $383.0M | $63.3M | ||
| Q2 24 | — | $86.3M | ||
| Q1 24 | $828.0M | $29.3M |
自由现金流率FHNNVST
| Q4 25 | 43.8% | 12.2% | ||
| Q3 25 | -23.4% | 10.1% | ||
| Q2 25 | 8.9% | 11.2% | ||
| Q1 25 | 41.9% | -0.9% | ||
| Q4 24 | 23.9% | 19.0% | ||
| Q3 24 | 46.3% | 10.5% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | 101.1% | 4.7% |
资本支出强度FHNNVST
| Q4 25 | 0.8% | 2.2% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 1.1% | 1.0% | ||
| Q4 24 | 2.3% | 1.3% | ||
| Q3 24 | 0.7% | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | 1.2% | 1.8% |
现金转化率FHNNVST
| Q4 25 | 1.52× | 3.28× | ||
| Q3 25 | -0.76× | — | ||
| Q2 25 | 0.34× | 3.36× | ||
| Q1 25 | 1.60× | 0.02× | ||
| Q4 24 | 1.15× | 110.33× | ||
| Q3 24 | 1.78× | 8.62× | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.36× | 1.71× |
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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
NVST
| Other | $375.8M | 50% |
| Specialty Productsand Technologies | $188.4M | 25% |
| Equipmentand Consumables | $186.4M | 25% |
