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HCA Healthcare（HCA）与美国联合航空（UAL）财务数据对比。点击上方公司名可切换其他公司
HCA Healthcare的季度营收约是美国联合航空的1.3倍（$19.1B vs $14.6B），HCA Healthcare净利率更高（9.7% vs 4.8%，领先4.9%），美国联合航空同比增速更快（10.6% vs 4.3%），过去两年HCA Healthcare的营收复合增速更高（4.5% vs -1.3%）
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。
美国联合航空是美国主要航企，总部位于伊利诺伊州芝加哥，运营覆盖美国本土及六大洲的广阔国内外航线网络，区域航线由独立航司以美联航快运品牌运营，作为星空联盟五大创始航司之一，其航线网络可辐射全球各地。
HCA vs UAL — 直观对比
营收规模更大
HCA
是对方的1.3倍
$14.6B
营收增速更快
UAL
高出6.3%
4.3%
净利率更高
HCA
高出4.9%
4.8%
两年增速更快
HCA
近两年复合增速
-1.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $19.1B | $14.6B |
| 净利润 | $1.9B | $699.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.8% |
| 净利率 | 9.7% | 4.8% |
| 营收同比 | 4.3% | 10.6% |
| 净利润同比 | 1.8% | 80.6% |
| 每股收益（稀释后） | $7.15 | $2.14 |
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HCAUAL
| Q1 26 | $19.1B | $14.6B | ||
| Q4 25 | $19.5B | $15.4B | ||
| Q3 25 | $19.2B | $15.2B | ||
| Q2 25 | $18.6B | $15.2B | ||
| Q1 25 | $18.3B | $13.2B | ||
| Q4 24 | $18.3B | $14.7B | ||
| Q3 24 | $17.5B | $14.8B | ||
| Q2 24 | $17.5B | $15.0B |
净利润HCAUAL
| Q1 26 | $1.9B | $699.0M | ||
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $1.6B | $949.0M | ||
| Q2 25 | $1.7B | $973.0M | ||
| Q1 25 | $1.6B | $387.0M | ||
| Q4 24 | $1.4B | $985.0M | ||
| Q3 24 | $1.3B | $965.0M | ||
| Q2 24 | $1.5B | $1.3B |
营业利润率HCAUAL
| Q1 26 | — | 6.8% | ||
| Q4 25 | 13.7% | 9.0% | ||
| Q3 25 | 12.6% | 9.2% | ||
| Q2 25 | 13.0% | 8.7% | ||
| Q1 25 | 12.7% | 4.6% | ||
| Q4 24 | 11.7% | 10.2% | ||
| Q3 24 | 10.9% | 10.5% | ||
| Q2 24 | 12.8% | 12.9% |
净利率HCAUAL
| Q1 26 | 9.7% | 4.8% | ||
| Q4 25 | 9.6% | 6.8% | ||
| Q3 25 | 8.6% | 6.2% | ||
| Q2 25 | 8.9% | 6.4% | ||
| Q1 25 | 8.8% | 2.9% | ||
| Q4 24 | 7.9% | 6.7% | ||
| Q3 24 | 7.3% | 6.5% | ||
| Q2 24 | 8.4% | 8.8% |
每股收益（稀释后）HCAUAL
| Q1 26 | $7.15 | $2.14 | ||
| Q4 25 | $8.09 | $3.17 | ||
| Q3 25 | $6.96 | $2.90 | ||
| Q2 25 | $6.83 | $2.97 | ||
| Q1 25 | $6.45 | $1.16 | ||
| Q4 24 | $5.66 | $2.97 | ||
| Q3 24 | $4.88 | $2.90 | ||
| Q2 24 | $5.53 | $3.96 |
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 | $14.2B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $15.9B |
| 总资产 | $19.3B | $80.9B |
| 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HCAUAL
| Q1 26 | $940.0M | $14.2B | ||
| Q4 25 | $1.0B | $12.2B | ||
| Q3 25 | $997.0M | $13.3B | ||
| Q2 25 | $939.0M | $15.6B | ||
| Q1 25 | $1.1B | $15.3B | ||
| Q4 24 | $1.9B | $14.5B | ||
| Q3 24 | $2.9B | $14.2B | ||
| Q2 24 | $831.0M | $15.2B |
总债务HCAUAL
| Q1 26 | — | — | ||
| Q4 25 | $44.3B | $20.6B | ||
| Q3 25 | $42.6B | $20.8B | ||
| Q2 25 | $42.7B | $20.9B | ||
| Q1 25 | $44.6B | $24.4B | ||
| Q4 24 | $43.0B | $25.2B | ||
| Q3 24 | $43.0B | — | ||
| Q2 24 | $40.9B | — |
股东权益HCAUAL
| Q1 26 | — | $15.9B | ||
| Q4 25 | $-6.0B | $15.3B | ||
| Q3 25 | $-5.3B | $14.3B | ||
| Q2 25 | $-4.4B | $13.4B | ||
| Q1 25 | $-3.5B | $12.6B | ||
| Q4 24 | $-2.5B | $12.7B | ||
| Q3 24 | $-2.2B | $11.4B | ||
| Q2 24 | $-1.6B | $10.5B |
总资产HCAUAL
| Q1 26 | $19.3B | $80.9B | ||
| Q4 25 | $60.7B | $76.4B | ||
| Q3 25 | $59.7B | $76.3B | ||
| Q2 25 | $59.5B | $77.2B | ||
| Q1 25 | $59.8B | $76.1B | ||
| Q4 24 | $59.5B | $74.1B | ||
| Q3 24 | $59.5B | $72.6B | ||
| Q2 24 | $57.4B | $73.3B |
负债/权益比HCAUAL
| Q1 26 | — | — | ||
| Q4 25 | — | 1.35× | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | 1.56× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $4.8B |
| 自由现金流经营现金流 - 资本支出 | — | $2.0B |
| 自由现金流率自由现金流/营收 | — | 13.9% |
| 资本支出强度资本支出/营收 | — | 13.9% |
| 现金转化率经营现金流/净利润 | 1.08× | 6.87× |
| 过去12个月自由现金流最近4个季度 | — | $2.1B |
8季度趋势，按日历期对齐
经营现金流HCAUAL
| Q1 26 | $2.0B | $4.8B | ||
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $4.4B | $1.2B | ||
| Q2 25 | $4.2B | $2.2B | ||
| Q1 25 | $1.7B | $3.7B | ||
| Q4 24 | $2.6B | $2.2B | ||
| Q3 24 | $3.5B | $1.5B | ||
| Q2 24 | $2.0B | $2.9B |
自由现金流HCAUAL
| Q1 26 | — | $2.0B | ||
| Q4 25 | $870.0M | $-604.0M | ||
| Q3 25 | $3.1B | $-246.0M | ||
| Q2 25 | $3.0B | $930.0M | ||
| Q1 25 | $660.0M | $2.5B | ||
| Q4 24 | $1.3B | $549.0M | ||
| Q3 24 | $2.3B | $88.0M | ||
| Q2 24 | $690.0M | $1.7B |
自由现金流率HCAUAL
| Q1 26 | — | 13.9% | ||
| Q4 25 | 4.5% | -3.9% | ||
| Q3 25 | 16.3% | -1.6% | ||
| Q2 25 | 16.3% | 6.1% | ||
| Q1 25 | 3.6% | 18.7% | ||
| Q4 24 | 7.0% | 3.7% | ||
| Q3 24 | 13.3% | 0.6% | ||
| Q2 24 | 3.9% | 11.4% |
资本支出强度HCAUAL
| Q1 26 | — | 13.9% | ||
| Q4 25 | 7.6% | 12.3% | ||
| Q3 25 | 6.7% | 9.6% | ||
| Q2 25 | 6.3% | 8.4% | ||
| Q1 25 | 5.4% | 9.3% | ||
| Q4 24 | 7.0% | 11.4% | ||
| Q3 24 | 6.8% | 9.5% | ||
| Q2 24 | 7.3% | 7.8% |
现金转化率HCAUAL
| Q1 26 | 1.08× | 6.87× | ||
| Q4 25 | 1.26× | 1.23× | ||
| Q3 25 | 2.69× | 1.28× | ||
| Q2 25 | 2.55× | 2.28× | ||
| Q1 25 | 1.03× | 9.59× | ||
| Q4 24 | 1.78× | 2.26× | ||
| Q3 24 | 2.77× | 1.55× | ||
| Q2 24 | 1.35× | 2.17× |
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
HCA
暂无分部数据
UAL
| Passenger revenue | $13.2B | 90% |
| Other | $1.0B | 7% |
| Cargo revenue | $422.0M | 3% |
