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汉瑞祥（HSIC）与切尼尔能源（LNG）财务数据对比。点击上方公司名可切换其他公司
切尼尔能源的季度营收约是汉瑞祥的1.6倍（$5.4B vs $3.4B），切尼尔能源净利率更高（42.8% vs 2.9%，领先39.9%），切尼尔能源同比增速更快（20.3% vs 7.7%），切尼尔能源自由现金流更多（$1.3B vs $338.0M），过去两年切尼尔能源的营收复合增速更高（14.3% vs 4.1%）
汉瑞祥（Henry Schein, Inc.）是美国的医疗保健产品及服务分销商，业务覆盖全球33个国家和地区，是全球面向诊所类牙科及医疗从业者的最大医疗解决方案供应商。公司连续14年入选Ethisphere评选的「全球最具道德企业」榜单，2025年再次登榜。
切尼尔能源（Cheniere Energy, Inc.）是总部位于美国得克萨斯州休斯敦的液化天然气（LNG）企业，专注于液化天然气的生产与供应业务，是北美地区颇具影响力的能源行业参与者。
HSIC vs LNG — 直观对比
营收规模更大
LNG
是对方的1.6倍
$3.4B
营收增速更快
LNG
高出12.6%
7.7%
净利率更高
LNG
高出39.9%
2.9%
自由现金流更多
LNG
多$973.0M
$338.0M
两年增速更快
LNG
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $5.4B |
| 净利润 | $101.0M | $2.3B |
| 毛利率 | 30.9% | — |
| 营业利润率 | 4.7% | 70.8% |
| 净利率 | 2.9% | 42.8% |
| 营收同比 | 7.7% | 20.3% |
| 净利润同比 | 7.4% | 135.6% |
| 每股收益（稀释后） | $0.85 | $10.51 |
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HSICLNG
| Q4 25 | $3.4B | $5.4B | ||
| Q3 25 | $3.3B | $4.3B | ||
| Q2 25 | $3.2B | $4.5B | ||
| Q1 25 | $3.2B | $5.3B | ||
| Q4 24 | $3.2B | $4.5B | ||
| Q3 24 | $3.2B | $3.7B | ||
| Q2 24 | $3.1B | $3.1B | ||
| Q1 24 | $3.2B | $4.1B |
净利润HSICLNG
| Q4 25 | $101.0M | $2.3B | ||
| Q3 25 | $101.0M | $1.0B | ||
| Q2 25 | $86.0M | $1.6B | ||
| Q1 25 | $110.0M | $353.0M | ||
| Q4 24 | $94.0M | $977.0M | ||
| Q3 24 | $99.0M | $893.0M | ||
| Q2 24 | $104.0M | $880.0M | ||
| Q1 24 | $93.0M | $502.0M |
毛利率HSICLNG
| Q4 25 | 30.9% | — | ||
| Q3 25 | 30.7% | — | ||
| Q2 25 | 31.4% | — | ||
| Q1 25 | 31.6% | — | ||
| Q4 24 | 31.1% | — | ||
| Q3 24 | 31.3% | — | ||
| Q2 24 | 32.5% | — | ||
| Q1 24 | 31.9% | — |
营业利润率HSICLNG
| Q4 25 | 4.7% | 70.8% | ||
| Q3 25 | 4.9% | 42.3% | ||
| Q2 25 | 4.7% | 56.1% | ||
| Q1 25 | 5.5% | 18.2% | ||
| Q4 24 | 4.9% | 38.9% | ||
| Q3 24 | 4.9% | 44.7% | ||
| Q2 24 | 5.1% | 50.5% | ||
| Q1 24 | 4.7% | 28.0% |
净利率HSICLNG
| Q4 25 | 2.9% | 42.8% | ||
| Q3 25 | 3.0% | 24.4% | ||
| Q2 25 | 2.7% | 36.1% | ||
| Q1 25 | 3.5% | 6.7% | ||
| Q4 24 | 2.9% | 21.9% | ||
| Q3 24 | 3.1% | 24.2% | ||
| Q2 24 | 3.3% | 28.0% | ||
| Q1 24 | 2.9% | 12.2% |
每股收益（稀释后）HSICLNG
| Q4 25 | $0.85 | $10.51 | ||
| Q3 25 | $0.84 | $4.75 | ||
| Q2 25 | $0.70 | $7.30 | ||
| Q1 25 | $0.88 | $1.57 | ||
| Q4 24 | $0.75 | $4.30 | ||
| Q3 24 | $0.78 | $3.93 | ||
| Q2 24 | $0.80 | $3.84 | ||
| Q1 24 | $0.72 | $2.13 |
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 | $156.0M | $1.1B |
| 总债务越低越好 | $2.3B | $22.5B |
| 股东权益账面价值 | $3.2B | $7.9B |
| 总资产 | $11.2B | $47.9B |
| 负债/权益比越低杠杆越低 | 0.71× | 2.84× |
8季度趋势，按日历期对齐
现金及短期投资HSICLNG
| Q4 25 | $156.0M | $1.1B | ||
| Q3 25 | $136.0M | $1.1B | ||
| Q2 25 | $145.0M | $1.6B | ||
| Q1 25 | $127.0M | $2.5B | ||
| Q4 24 | $122.0M | $2.6B | ||
| Q3 24 | $126.0M | $2.7B | ||
| Q2 24 | $138.0M | $2.4B | ||
| Q1 24 | $159.0M | $4.4B |
总债务HSICLNG
| Q4 25 | $2.3B | $22.5B | ||
| Q3 25 | $2.2B | $22.0B | ||
| Q2 25 | $2.1B | $22.0B | ||
| Q1 25 | $2.0B | $22.5B | ||
| Q4 24 | $1.8B | $22.6B | ||
| Q3 24 | $1.9B | $22.5B | ||
| Q2 24 | $1.9B | $22.6B | ||
| Q1 24 | $2.0B | $21.4B |
股东权益HSICLNG
| Q4 25 | $3.2B | $7.9B | ||
| Q3 25 | $3.4B | $6.7B | ||
| Q2 25 | $3.4B | $6.7B | ||
| Q1 25 | $3.3B | $5.6B | ||
| Q4 24 | $3.4B | $5.7B | ||
| Q3 24 | $3.5B | $5.1B | ||
| Q2 24 | $3.5B | $4.5B | ||
| Q1 24 | $3.6B | $4.3B |
总资产HSICLNG
| Q4 25 | $11.2B | $47.9B | ||
| Q3 25 | $11.1B | $45.1B | ||
| Q2 25 | $10.9B | $44.6B | ||
| Q1 25 | $10.5B | $43.5B | ||
| Q4 24 | $10.2B | $43.9B | ||
| Q3 24 | $10.6B | $43.1B | ||
| Q2 24 | $10.3B | $42.3B | ||
| Q1 24 | $10.1B | $42.9B |
负债/权益比HSICLNG
| Q4 25 | 0.71× | 2.84× | ||
| Q3 25 | 0.64× | 3.25× | ||
| Q2 25 | 0.61× | 3.28× | ||
| Q1 25 | 0.59× | 4.03× | ||
| Q4 24 | 0.54× | 3.96× | ||
| Q3 24 | 0.54× | 4.42× | ||
| Q2 24 | 0.54× | 5.06× | ||
| Q1 24 | 0.56× | 5.04× |
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 | $381.0M | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $338.0M | $1.3B |
| 自由现金流率自由现金流/营收 | 9.8% | 24.4% |
| 资本支出强度资本支出/营收 | 1.3% | 13.8% |
| 现金转化率经营现金流/净利润 | 3.77× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $573.0M | $2.5B |
8季度趋势，按日历期对齐
经营现金流HSICLNG
| Q4 25 | $381.0M | $2.1B | ||
| Q3 25 | $174.0M | $1.4B | ||
| Q2 25 | $120.0M | $831.0M | ||
| Q1 25 | $37.0M | $1.2B | ||
| Q4 24 | $204.0M | $1.6B | ||
| Q3 24 | $151.0M | $1.4B | ||
| Q2 24 | $296.0M | $1.1B | ||
| Q1 24 | $197.0M | $1.2B |
自由现金流HSICLNG
| Q4 25 | $338.0M | $1.3B | ||
| Q3 25 | $141.0M | $738.0M | ||
| Q2 25 | $88.0M | $-193.0M | ||
| Q1 25 | $6.0M | $605.0M | ||
| Q4 24 | $168.0M | $1.1B | ||
| Q3 24 | $117.0M | $875.0M | ||
| Q2 24 | $259.0M | $613.0M | ||
| Q1 24 | $156.0M | $596.0M |
自由现金流率HSICLNG
| Q4 25 | 9.8% | 24.4% | ||
| Q3 25 | 4.2% | 17.2% | ||
| Q2 25 | 2.7% | -4.3% | ||
| Q1 25 | 0.2% | 11.4% | ||
| Q4 24 | 5.3% | 24.0% | ||
| Q3 24 | 3.7% | 23.8% | ||
| Q2 24 | 8.3% | 19.5% | ||
| Q1 24 | 4.9% | 14.5% |
资本支出强度HSICLNG
| Q4 25 | 1.3% | 13.8% | ||
| Q3 25 | 1.0% | 16.0% | ||
| Q2 25 | 1.0% | 22.7% | ||
| Q1 25 | 1.0% | 11.8% | ||
| Q4 24 | 1.1% | 12.7% | ||
| Q3 24 | 1.1% | 14.0% | ||
| Q2 24 | 1.2% | 16.0% | ||
| Q1 24 | 1.3% | 15.8% |
现金转化率HSICLNG
| Q4 25 | 3.77× | 0.89× | ||
| Q3 25 | 1.72× | 1.36× | ||
| Q2 25 | 1.40× | 0.51× | ||
| Q1 25 | 0.34× | 3.48× | ||
| Q4 24 | 2.17× | 1.68× | ||
| Q3 24 | 1.53× | 1.56× | ||
| Q2 24 | 2.85× | 1.27× | ||
| Q1 24 | 2.12× | 2.48× |
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
HSIC
| Global Dental Merchandise | $1.2B | 35% |
| Global Medical | $1.1B | 31% |
| Global Dental Equipment | $536.0M | 16% |
| Global Specialty Products | $422.0M | 12% |
| Global Technology | $173.0M | 5% |
| Global Value Added Services | $64.0M | 2% |
| Equity Method Investee | $14.0M | 0% |
LNG
| Liquefied Natural Gas | $5.3B | 99% |
| Other | $103.0M | 2% |
| Regasification Service | $34.0M | 1% |
