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HCA Healthcare（HCA）与台积电（TSM）财务数据对比。点击上方公司名可切换其他公司
台积电的季度营收约是HCA Healthcare的1.9倍（$35.5B vs $19.1B），台积电净利率更高（50.5% vs 9.7%，领先40.8%）
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，其在全美20个州及英国运营186家医院，以及手术中心、独立急诊室、急症护理中心、医师诊所等约2400个各类医疗站点，业务覆盖范围广泛。
台积电是全球规模最大的专业独立半导体晶圆代工厂，总部位于中国台湾新竹，主要为无晶圆厂客户代工生产先进逻辑芯片，服务客户包括苹果、英伟达、AMD、高通和博通等，在3纳米、5纳米、7纳米等先进制程节点领域处于行业领先地位。
HCA vs TSM — 直观对比
营收规模更大
TSM
是对方的1.9倍
$19.1B
净利率更高
TSM
高出40.8%
9.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $19.1B | $35.5B |
| 净利润 | $1.9B | $17.9B |
| 毛利率 | — | 66.2% |
| 营业利润率 | — | 58.0% |
| 净利率 | 9.7% | 50.5% |
| 营收同比 | 4.3% | — |
| 净利润同比 | 1.8% | — |
| 每股收益（稀释后） | $7.15 | $111.55 |
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HCATSM
| Q1 26 | $19.1B | $35.5B | ||
| Q4 25 | $19.5B | $32.7B | ||
| Q3 25 | $19.2B | $30.7B | ||
| Q2 25 | $18.6B | $28.9B | ||
| Q1 25 | $18.3B | $26.0B | ||
| Q4 24 | $18.3B | $88.3B | ||
| Q3 24 | $17.5B | — | ||
| Q2 24 | $17.5B | — |
净利润HCATSM
| Q1 26 | $1.9B | $17.9B | ||
| Q4 25 | $1.9B | $15.8B | ||
| Q3 25 | $1.6B | $14.0B | ||
| Q2 25 | $1.7B | $12.3B | ||
| Q1 25 | $1.6B | $11.2B | ||
| Q4 24 | $1.4B | $35.3B | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.5B | — |
毛利率HCATSM
| Q1 26 | — | 66.2% | ||
| Q4 25 | — | 62.3% | ||
| Q3 25 | — | 59.5% | ||
| Q2 25 | — | 58.6% | ||
| Q1 25 | — | 58.8% | ||
| Q4 24 | — | 56.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率HCATSM
| Q1 26 | — | 58.0% | ||
| Q4 25 | 13.7% | 53.9% | ||
| Q3 25 | 12.6% | 50.6% | ||
| Q2 25 | 13.0% | 49.6% | ||
| Q1 25 | 12.7% | 48.5% | ||
| Q4 24 | 11.7% | 45.7% | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | 12.8% | — |
净利率HCATSM
| Q1 26 | 9.7% | 50.5% | ||
| Q4 25 | 9.6% | 48.3% | ||
| Q3 25 | 8.6% | 45.7% | ||
| Q2 25 | 8.9% | 42.7% | ||
| Q1 25 | 8.8% | 43.1% | ||
| Q4 24 | 7.9% | 40.0% | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 8.4% | — |
每股收益（稀释后）HCATSM
| Q1 26 | $7.15 | $111.55 | ||
| Q4 25 | $8.09 | $98.45 | ||
| Q3 25 | $6.96 | $87.20 | ||
| Q2 25 | $6.83 | $76.80 | ||
| Q1 25 | $6.45 | $69.70 | ||
| Q4 24 | $5.66 | $1.36 | ||
| Q3 24 | $4.88 | — | ||
| Q2 24 | $5.53 | — |
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 | $940.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | — |
| 总资产 | $19.3B | — |
| 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HCATSM
| Q1 26 | $940.0M | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $997.0M | — | ||
| Q2 25 | $939.0M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.9B | $64.9B | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $831.0M | — |
总债务HCATSM
| Q1 26 | — | — | ||
| Q4 25 | $44.3B | — | ||
| Q3 25 | $42.6B | — | ||
| Q2 25 | $42.7B | — | ||
| Q1 25 | $44.6B | — | ||
| Q4 24 | $43.0B | — | ||
| Q3 24 | $43.0B | — | ||
| Q2 24 | $40.9B | — |
股东权益HCATSM
| Q1 26 | — | — | ||
| Q4 25 | $-6.0B | — | ||
| Q3 25 | $-5.3B | — | ||
| Q2 25 | $-4.4B | — | ||
| Q1 25 | $-3.5B | — | ||
| Q4 24 | $-2.5B | $130.5B | ||
| Q3 24 | $-2.2B | — | ||
| Q2 24 | $-1.6B | — |
总资产HCATSM
| Q1 26 | $19.3B | — | ||
| Q4 25 | $60.7B | — | ||
| Q3 25 | $59.7B | — | ||
| Q2 25 | $59.5B | — | ||
| Q1 25 | $59.8B | — | ||
| Q4 24 | $59.5B | $204.1B | ||
| Q3 24 | $59.5B | — | ||
| Q2 24 | $57.4B | — |
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 | $2.0B | — |
| 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 | 1.08× | — |
| 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HCATSM
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $2.6B | $55.7B | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $2.0B | — |
自由现金流HCATSM
| Q1 26 | — | — | ||
| Q4 25 | $870.0M | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.0B | — | ||
| Q1 25 | $660.0M | — | ||
| Q4 24 | $1.3B | $26.5B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $690.0M | — |
自由现金流率HCATSM
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 16.3% | — | ||
| Q2 25 | 16.3% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 7.0% | 30.1% | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 3.9% | — |
资本支出强度HCATSM
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 6.3% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 7.0% | 33.0% | ||
| Q3 24 | 6.8% | — | ||
| Q2 24 | 7.3% | — |
现金转化率HCATSM
| Q1 26 | 1.08× | — | ||
| Q4 25 | 1.26× | — | ||
| Q3 25 | 2.69× | — | ||
| Q2 25 | 2.55× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 1.78× | 1.58× | ||
| Q3 24 | 2.77× | — | ||
| Q2 24 | 1.35× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
