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通用电气医疗（GEHC）与美国合众银行（USB）财务数据对比。点击上方公司名可切换其他公司
美国合众银行的季度营收约是通用电气医疗的1.4倍（$7.4B vs $5.1B），美国合众银行净利率更高（27.8% vs 8.0%，领先19.8%），通用电气医疗同比增速更快（7.4% vs 5.1%），过去两年美国合众银行的营收复合增速更高（4.7% vs 3.0%）
通用电气医疗是总部位于美国伊利诺伊州芝加哥的医疗科技企业，旗下设四大业务板块：医学影像（含分子成像、CT、核磁共振、女性健康筛查、X射线系统）、超声、患者护理解决方案（聚焦远程患者监测、麻醉呼吸护理、心脏病诊断、婴幼儿照护）及制药诊断业务。
美国合众银行是美国跨国银行机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。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系统重要性机构，旗下核心运营主体提供银行、投资、按揭等多元金融服务。
GEHC vs USB — 直观对比
营收规模更大
USB
是对方的1.4倍
$5.1B
营收增速更快
GEHC
高出2.3%
5.1%
净利率更高
USB
高出19.8%
8.0%
两年增速更快
USB
近两年复合增速
3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $7.4B |
| 净利润 | $411.0M | $2.0B |
| 毛利率 | 38.5% | — |
| 营业利润率 | 10.0% | 34.4% |
| 净利率 | 8.0% | 27.8% |
| 营收同比 | 7.4% | 5.1% |
| 净利润同比 | -31.0% | 23.0% |
| 每股收益（稀释后） | $0.85 | $1.26 |
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GEHCUSB
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.7B | $7.4B | ||
| Q3 25 | $5.1B | $7.3B | ||
| Q2 25 | $5.0B | $7.0B | ||
| Q1 25 | $4.8B | $7.0B | ||
| Q4 24 | $5.3B | $7.0B | ||
| Q3 24 | $4.9B | $6.9B | ||
| Q2 24 | $4.8B | $6.9B |
净利润GEHCUSB
| Q1 26 | $411.0M | — | ||
| Q4 25 | $588.0M | $2.0B | ||
| Q3 25 | $446.0M | $2.0B | ||
| Q2 25 | $486.0M | $1.8B | ||
| Q1 25 | $564.0M | $1.7B | ||
| Q4 24 | $721.0M | $1.7B | ||
| Q3 24 | $470.0M | $1.7B | ||
| Q2 24 | $428.0M | $1.6B |
毛利率GEHCUSB
| Q1 26 | 38.5% | — | ||
| Q4 25 | 39.7% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.6% | — | ||
| Q1 25 | 42.1% | — | ||
| Q4 24 | 42.8% | — | ||
| Q3 24 | 41.7% | — | ||
| Q2 24 | 41.4% | — |
营业利润率GEHCUSB
| Q1 26 | 10.0% | — | ||
| Q4 25 | 14.5% | 34.4% | ||
| Q3 25 | 12.7% | 34.5% | ||
| Q2 25 | 13.1% | 32.7% | ||
| Q1 25 | 13.2% | 31.0% | ||
| Q4 24 | 15.1% | 30.1% | ||
| Q3 24 | 13.9% | 30.2% | ||
| Q2 24 | 12.6% | 29.9% |
净利率GEHCUSB
| Q1 26 | 8.0% | — | ||
| Q4 25 | 10.3% | 27.8% | ||
| Q3 25 | 8.7% | 27.3% | ||
| Q2 25 | 9.7% | 25.9% | ||
| Q1 25 | 11.8% | 24.6% | ||
| Q4 24 | 13.6% | 23.7% | ||
| Q3 24 | 9.7% | 25.0% | ||
| Q2 24 | 8.8% | 23.3% |
每股收益（稀释后）GEHCUSB
| Q1 26 | $0.85 | — | ||
| Q4 25 | $1.28 | $1.26 | ||
| Q3 25 | $0.98 | $1.22 | ||
| Q2 25 | $1.06 | $1.11 | ||
| Q1 25 | $1.23 | $1.03 | ||
| Q4 24 | $1.58 | $1.01 | ||
| Q3 24 | $1.02 | $1.03 | ||
| Q2 24 | $0.93 | $0.97 |
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 | — | — |
| 总债务越低越好 | $10.1B | — |
| 股东权益账面价值 | $10.7B | $65.2B |
| 总资产 | $37.1B | $692.3B |
| 负债/权益比越低杠杆越低 | 0.95× | — |
8季度趋势，按日历期对齐
现金及短期投资GEHCUSB
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.7B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $2.0B | — |
总债务GEHCUSB
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.0B | — | ||
| Q3 25 | $10.3B | — | ||
| Q2 25 | $10.3B | — | ||
| Q1 25 | $8.8B | — | ||
| Q4 24 | $9.0B | — | ||
| Q3 24 | $10.3B | — | ||
| Q2 24 | $9.2B | — |
股东权益GEHCUSB
| Q1 26 | $10.7B | — | ||
| Q4 25 | $10.4B | $65.2B | ||
| Q3 25 | $10.0B | $63.3B | ||
| Q2 25 | $9.7B | $61.4B | ||
| Q1 25 | $9.2B | $60.1B | ||
| Q4 24 | $8.4B | $58.6B | ||
| Q3 24 | $8.3B | $58.9B | ||
| Q2 24 | $7.8B | $56.4B |
总资产GEHCUSB
| Q1 26 | $37.1B | — | ||
| Q4 25 | $36.9B | $692.3B | ||
| Q3 25 | $36.1B | $695.4B | ||
| Q2 25 | $35.5B | $686.4B | ||
| Q1 25 | $33.6B | $676.5B | ||
| Q4 24 | $33.1B | $678.3B | ||
| Q3 24 | $33.9B | $686.5B | ||
| Q2 24 | $31.9B | $680.1B |
负债/权益比GEHCUSB
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.06× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 1.18× | — |
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 | — | $2.8B |
| 自由现金流经营现金流 - 资本支出 | $112.0M | — |
| 自由现金流率自由现金流/营收 | 2.2% | — |
| 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 | — | 1.39× |
| 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GEHCUSB
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | $94.0M | $2.0B | ||
| Q1 25 | $250.0M | $-285.0M | ||
| Q4 24 | — | $4.8B | ||
| Q3 24 | — | $972.0M | ||
| Q2 24 | $-119.0M | $2.9B |
自由现金流GEHCUSB
| Q1 26 | $112.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $8.0M | — | ||
| Q1 25 | $98.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-183.0M | — |
自由现金流率GEHCUSB
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.8% | — |
资本支出强度GEHCUSB
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 1.3% | — |
现金转化率GEHCUSB
| Q1 26 | — | — | ||
| Q4 25 | — | 1.39× | ||
| Q3 25 | — | 1.69× | ||
| Q2 25 | 0.19× | 1.12× | ||
| Q1 25 | 0.44× | -0.17× | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | -0.28× | 1.79× |
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
GEHC
| Imaging revenues | $2.3B | 45% |
| AVS revenues | $1.3B | 26% |
| PDx revenues | $770.0M | 15% |
| PCS revenues | $704.0M | 14% |
| Other revenues | $18.0M | 0% |
USB
暂无分部数据
