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合众银行（FSBC）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是合众银行的1.6倍（$73.5M vs $45.1M），合众银行净利率更高（41.3% vs -20.3%，领先61.6%），过去两年合众银行的营收复合增速更高（21.3% vs 0.7%）
合众银行是总部设在美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的银行。它旗下核心运营实体为美国银行全国协会，以US Bank品牌开展业务，提供银行、投资、抵押等金融服务。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
FSBC vs TH — 直观对比
营收规模更大
TH
是对方的1.6倍
$45.1M
净利率更高
FSBC
高出61.6%
-20.3%
两年增速更快
FSBC
近两年复合增速
0.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $45.1M | $73.5M |
| 净利润 | $18.6M | $-14.9M |
| 毛利率 | — | 9.6% |
| 营业利润率 | — | -22.9% |
| 净利率 | 41.3% | -20.3% |
| 营收同比 | — | 22.0% |
| 净利润同比 | 42.0% | -219.1% |
| 每股收益（稀释后） | $0.87 | $-0.14 |
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FSBCTH
| Q1 26 | $45.1M | — | ||
| Q4 25 | $43.5M | $73.5M | ||
| Q3 25 | $41.3M | $91.6M | ||
| Q2 25 | $38.3M | $54.9M | ||
| Q1 25 | $35.3M | $54.9M | ||
| Q4 24 | $35.2M | $60.2M | ||
| Q3 24 | $31.8M | $65.8M | ||
| Q2 24 | $30.7M | $67.5M |
净利润FSBCTH
| Q1 26 | $18.6M | — | ||
| Q4 25 | $17.6M | $-14.9M | ||
| Q3 25 | $16.3M | $-795.0K | ||
| Q2 25 | $14.5M | $-14.9M | ||
| Q1 25 | $13.1M | $-6.5M | ||
| Q4 24 | $13.3M | $12.5M | ||
| Q3 24 | $10.9M | $20.0M | ||
| Q2 24 | $10.8M | $18.4M |
毛利率FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% |
营业利润率FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | 52.9% | -22.9% | ||
| Q3 25 | 53.8% | 0.1% | ||
| Q2 25 | 52.4% | -30.8% | ||
| Q1 25 | 52.0% | -2.0% | ||
| Q4 24 | 55.1% | 34.5% | ||
| Q3 24 | 48.0% | 42.5% | ||
| Q2 24 | 49.4% | 43.8% |
净利率FSBCTH
| Q1 26 | 41.3% | — | ||
| Q4 25 | 40.6% | -20.3% | ||
| Q3 25 | 39.6% | -0.9% | ||
| Q2 25 | 37.9% | -27.2% | ||
| Q1 25 | 37.1% | -11.8% | ||
| Q4 24 | 37.9% | 20.8% | ||
| Q3 24 | 34.4% | 30.4% | ||
| Q2 24 | 35.2% | 27.2% |
每股收益（稀释后）FSBCTH
| Q1 26 | $0.87 | — | ||
| Q4 25 | $0.83 | $-0.14 | ||
| Q3 25 | $0.77 | $-0.01 | ||
| Q2 25 | $0.68 | $-0.15 | ||
| Q1 25 | $0.62 | $-0.07 | ||
| Q4 24 | $0.61 | $0.12 | ||
| Q3 24 | $0.52 | $0.20 | ||
| Q2 24 | $0.51 | $0.18 |
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 | $644.4M | $8.3M |
| 总债务越低越好 | — | $1.7M |
| 股东权益账面价值 | $458.5M | $389.3M |
| 总资产 | $5.0B | $530.2M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FSBCTH
| Q1 26 | $644.4M | — | ||
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M |
总债务FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M |
股东权益FSBCTH
| Q1 26 | $458.5M | — | ||
| Q4 25 | $445.8M | $389.3M | ||
| Q3 25 | $431.3M | $402.4M | ||
| Q2 25 | $416.7M | $401.3M | ||
| Q1 25 | $406.5M | $415.3M | ||
| Q4 24 | $396.6M | $421.1M | ||
| Q3 24 | $389.9M | $417.6M | ||
| Q2 24 | $380.5M | $397.2M |
总资产FSBCTH
| Q1 26 | $5.0B | — | ||
| Q4 25 | $4.8B | $530.2M | ||
| Q3 25 | $4.6B | $541.2M | ||
| Q2 25 | $4.4B | $533.7M | ||
| Q1 25 | $4.2B | $562.5M | ||
| Q4 24 | $4.1B | $725.8M | ||
| Q3 24 | $3.9B | $709.8M | ||
| Q2 24 | $3.6B | $697.0M |
负债/权益比FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | — | $5.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | $72.6M | $5.7M | ||
| Q3 25 | $18.8M | $53.4M | ||
| Q2 25 | $17.8M | $11.1M | ||
| Q1 25 | $15.5M | $3.9M | ||
| Q4 24 | $51.8M | $30.6M | ||
| Q3 24 | $17.5M | $31.4M | ||
| Q2 24 | $16.0M | $39.1M |
自由现金流FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | $71.4M | — | ||
| Q3 25 | $18.6M | — | ||
| Q2 25 | $17.5M | — | ||
| Q1 25 | $15.4M | $-11.6M | ||
| Q4 24 | $51.2M | — | ||
| Q3 24 | $17.3M | — | ||
| Q2 24 | $15.8M | — |
自由现金流率FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | 164.3% | — | ||
| Q3 25 | 45.0% | — | ||
| Q2 25 | 45.8% | — | ||
| Q1 25 | 43.5% | -21.1% | ||
| Q4 24 | 145.5% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 51.6% | — |
资本支出强度FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.3% | 28.2% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.7% | — |
现金转化率FSBCTH
| Q1 26 | — | — | ||
| Q4 25 | 4.12× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.23× | — | ||
| Q1 25 | 1.18× | — | ||
| Q4 24 | 3.89× | 2.44× | ||
| Q3 24 | 1.60× | 1.57× | ||
| Q2 24 | 1.49× | 2.13× |
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
FSBC
| Net Interest Income | $43.5M | 96% |
| Noninterest Income | $1.6M | 4% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
