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HCA Healthcare（HCA）与联合包裹服务（UPS）财务数据对比。点击上方公司名可切换其他公司
联合包裹服务的季度营收约是HCA Healthcare的1.1倍（$21.2B vs $19.1B），HCA Healthcare净利率更高（9.7% vs 4.1%，领先5.6%），HCA Healthcare同比增速更快（4.3% vs -1.6%），过去两年HCA Healthcare的营收复合增速更高（4.5% vs -1.4%）
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。
联合包裹服务（UPS）是1907年成立的美国跨国物流与供应链管理企业，前身为主营电报业务的美国信使公司，现为《财富》世界500强、全球规模最大的快递服务商之一。核心业务包括陆运配送，同时运营UPS Store零售网点，提供寄件支持及小微企业服务工具。
HCA vs UPS — 直观对比
营收规模更大
UPS
是对方的1.1倍
$19.1B
营收增速更快
HCA
高出5.9%
-1.6%
净利率更高
HCA
高出5.6%
4.1%
两年增速更快
HCA
近两年复合增速
-1.4%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $19.1B | $21.2B |
| 净利润 | $1.9B | $864.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 9.7% | 4.1% |
| 营收同比 | 4.3% | -1.6% |
| 净利润同比 | 1.8% | -27.2% |
| 每股收益（稀释后） | $7.15 | $1.02 |
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HCAUPS
| Q1 26 | $19.1B | $21.2B | ||
| Q4 25 | $19.5B | $24.5B | ||
| Q3 25 | $19.2B | $21.4B | ||
| Q2 25 | $18.6B | $21.2B | ||
| Q1 25 | $18.3B | $21.5B | ||
| Q4 24 | $18.3B | $25.3B | ||
| Q3 24 | $17.5B | $22.2B | ||
| Q2 24 | $17.5B | $21.8B |
净利润HCAUPS
| Q1 26 | $1.9B | $864.0M | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B |
营业利润率HCAUPS
| Q1 26 | — | — | ||
| Q4 25 | 13.7% | 10.5% | ||
| Q3 25 | 12.6% | 8.4% | ||
| Q2 25 | 13.0% | 8.6% | ||
| Q1 25 | 12.7% | 7.7% | ||
| Q4 24 | 11.7% | 11.6% | ||
| Q3 24 | 10.9% | 8.9% | ||
| Q2 24 | 12.8% | 8.9% |
净利率HCAUPS
| Q1 26 | 9.7% | 4.1% | ||
| Q4 25 | 9.6% | 7.3% | ||
| Q3 25 | 8.6% | 6.1% | ||
| Q2 25 | 8.9% | 6.0% | ||
| Q1 25 | 8.8% | 5.5% | ||
| Q4 24 | 7.9% | 6.8% | ||
| Q3 24 | 7.3% | 6.9% | ||
| Q2 24 | 8.4% | 6.5% |
每股收益（稀释后）HCAUPS
| Q1 26 | $7.15 | $1.02 | ||
| Q4 25 | $8.09 | $2.10 | ||
| Q3 25 | $6.96 | $1.55 | ||
| Q2 25 | $6.83 | $1.51 | ||
| Q1 25 | $6.45 | $1.40 | ||
| Q4 24 | $5.66 | $2.00 | ||
| Q3 24 | $4.88 | $1.80 | ||
| Q2 24 | $5.53 | $1.65 |
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 | $5.8B |
| 总债务越低越好 | — | $23.7B |
| 股东权益账面价值 | — | — |
| 总资产 | $19.3B | $71.8B |
| 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HCAUPS
| Q1 26 | $940.0M | $5.8B | ||
| Q4 25 | $1.0B | $5.9B | ||
| Q3 25 | $997.0M | $6.8B | ||
| Q2 25 | $939.0M | $6.3B | ||
| Q1 25 | $1.1B | $5.1B | ||
| Q4 24 | $1.9B | $6.3B | ||
| Q3 24 | $2.9B | $6.1B | ||
| Q2 24 | $831.0M | $6.5B |
总债务HCAUPS
| Q1 26 | — | $23.7B | ||
| Q4 25 | $44.3B | $23.5B | ||
| Q3 25 | $42.6B | $23.9B | ||
| Q2 25 | $42.7B | $23.8B | ||
| Q1 25 | $44.6B | $19.5B | ||
| Q4 24 | $43.0B | $19.4B | ||
| Q3 24 | $43.0B | $20.3B | ||
| Q2 24 | $40.9B | $20.2B |
股东权益HCAUPS
| Q1 26 | — | — | ||
| Q4 25 | $-6.0B | $16.2B | ||
| Q3 25 | $-5.3B | $15.8B | ||
| Q2 25 | $-4.4B | $15.8B | ||
| Q1 25 | $-3.5B | $15.7B | ||
| Q4 24 | $-2.5B | $16.7B | ||
| Q3 24 | $-2.2B | $16.9B | ||
| Q2 24 | $-1.6B | $17.0B |
总资产HCAUPS
| Q1 26 | $19.3B | $71.8B | ||
| Q4 25 | $60.7B | $73.1B | ||
| Q3 25 | $59.7B | $71.4B | ||
| Q2 25 | $59.5B | $70.9B | ||
| Q1 25 | $59.8B | $68.5B | ||
| Q4 24 | $59.5B | $70.1B | ||
| Q3 24 | $59.5B | $68.3B | ||
| Q2 24 | $57.4B | $69.4B |
负债/权益比HCAUPS
| Q1 26 | — | — | ||
| Q4 25 | — | 1.45× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.51× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.16× | ||
| Q3 24 | — | 1.21× | ||
| Q2 24 | — | 1.19× |
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 | — | $1.3B |
| 自由现金流率自由现金流/营收 | — | 6.0% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 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 | — | $4.6B |
8季度趋势，按日历期对齐
经营现金流HCAUPS
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.4B | $3.3B | ||
| Q3 25 | $4.4B | $2.5B | ||
| Q2 25 | $4.2B | $348.0M | ||
| Q1 25 | $1.7B | $2.3B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $3.5B | $1.5B | ||
| Q2 24 | $2.0B | $2.0B |
自由现金流HCAUPS
| Q1 26 | — | $1.3B | ||
| Q4 25 | $870.0M | $2.6B | ||
| Q3 25 | $3.1B | $1.5B | ||
| Q2 25 | $3.0B | $-775.0M | ||
| Q1 25 | $660.0M | $1.4B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $2.3B | $655.0M | ||
| Q2 24 | $690.0M | $1.1B |
自由现金流率HCAUPS
| Q1 26 | — | 6.0% | ||
| Q4 25 | 4.5% | 10.6% | ||
| Q3 25 | 16.3% | 7.1% | ||
| Q2 25 | 16.3% | -3.7% | ||
| Q1 25 | 3.6% | 6.7% | ||
| Q4 24 | 7.0% | 8.8% | ||
| Q3 24 | 13.3% | 2.9% | ||
| Q2 24 | 3.9% | 4.9% |
资本支出强度HCAUPS
| Q1 26 | — | 4.9% | ||
| Q4 25 | 7.6% | 2.9% | ||
| Q3 25 | 6.7% | 4.5% | ||
| Q2 25 | 6.3% | 5.3% | ||
| Q1 25 | 5.4% | 4.1% | ||
| Q4 24 | 7.0% | 4.3% | ||
| Q3 24 | 6.8% | 3.8% | ||
| Q2 24 | 7.3% | 4.3% |
现金转化率HCAUPS
| Q1 26 | 1.08× | — | ||
| Q4 25 | 1.26× | 1.84× | ||
| Q3 25 | 2.69× | 1.89× | ||
| Q2 25 | 2.55× | 0.27× | ||
| Q1 25 | 1.03× | 1.95× | ||
| Q4 24 | 1.78× | 1.93× | ||
| Q3 24 | 2.77× | 0.97× | ||
| Q2 24 | 1.35× | 1.41× |
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
UPS
| U.S. Domestic Package | $14.1B | 67% |
| International Package | $4.5B | 21% |
| Supply Chain Solutions | $2.5B | 12% |
