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汉瑞祥（HSIC）与豪士科（OSK）财务数据对比。点击上方公司名可切换其他公司
汉瑞祥的季度营收约是豪士科的1.3倍（$3.4B vs $2.7B），豪士科净利率更高（5.0% vs 2.9%，领先2.0%），汉瑞祥同比增速更快（7.7% vs 3.5%），豪士科自由现金流更多（$540.3M vs $338.0M），过去两年汉瑞祥的营收复合增速更高（4.1% vs 2.8%）
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。
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
HSIC vs OSK — 直观对比
营收规模更大
HSIC
是对方的1.3倍
$2.7B
营收增速更快
HSIC
高出4.2%
3.5%
净利率更高
OSK
高出2.0%
2.9%
自由现金流更多
OSK
多$202.3M
$338.0M
两年增速更快
HSIC
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.7B |
| 净利润 | $101.0M | $133.8M |
| 毛利率 | 30.9% | 15.8% |
| 营业利润率 | 4.7% | 7.9% |
| 净利率 | 2.9% | 5.0% |
| 营收同比 | 7.7% | 3.5% |
| 净利润同比 | 7.4% | -12.6% |
| 每股收益（稀释后） | $0.85 | — |
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HSICOSK
| Q4 25 | $3.4B | $2.7B | ||
| Q3 25 | $3.3B | $2.7B | ||
| Q2 25 | $3.2B | $2.7B | ||
| Q1 25 | $3.2B | $2.3B | ||
| Q4 24 | $3.2B | $2.6B | ||
| Q3 24 | $3.2B | $2.7B | ||
| Q2 24 | $3.1B | $2.8B | ||
| Q1 24 | $3.2B | $2.5B |
净利润HSICOSK
| Q4 25 | $101.0M | $133.8M | ||
| Q3 25 | $101.0M | $196.2M | ||
| Q2 25 | $86.0M | $204.8M | ||
| Q1 25 | $110.0M | $112.2M | ||
| Q4 24 | $94.0M | $153.1M | ||
| Q3 24 | $99.0M | $180.3M | ||
| Q2 24 | $104.0M | $168.6M | ||
| Q1 24 | $93.0M | $179.4M |
毛利率HSICOSK
| Q4 25 | 30.9% | 15.8% | ||
| Q3 25 | 30.7% | 17.5% | ||
| Q2 25 | 31.4% | 19.2% | ||
| Q1 25 | 31.6% | 17.3% | ||
| Q4 24 | 31.1% | 17.2% | ||
| Q3 24 | 31.3% | 18.5% | ||
| Q2 24 | 32.5% | 19.2% | ||
| Q1 24 | 31.9% | 18.5% |
营业利润率HSICOSK
| Q4 25 | 4.7% | 7.9% | ||
| Q3 25 | 4.9% | 9.7% | ||
| Q2 25 | 4.7% | 10.7% | ||
| Q1 25 | 5.5% | 7.6% | ||
| Q4 24 | 4.9% | 8.6% | ||
| Q3 24 | 4.9% | 9.7% | ||
| Q2 24 | 5.1% | 9.2% | ||
| Q1 24 | 4.7% | 10.2% |
净利率HSICOSK
| Q4 25 | 2.9% | 5.0% | ||
| Q3 25 | 3.0% | 7.3% | ||
| Q2 25 | 2.7% | 7.5% | ||
| Q1 25 | 3.5% | 4.9% | ||
| Q4 24 | 2.9% | 5.9% | ||
| Q3 24 | 3.1% | 6.6% | ||
| Q2 24 | 3.3% | 5.9% | ||
| Q1 24 | 2.9% | 7.1% |
每股收益（稀释后）HSICOSK
| Q4 25 | $0.85 | — | ||
| Q3 25 | $0.84 | — | ||
| Q2 25 | $0.70 | — | ||
| Q1 25 | $0.88 | — | ||
| Q4 24 | $0.75 | — | ||
| Q3 24 | $0.78 | — | ||
| Q2 24 | $0.80 | — | ||
| Q1 24 | $0.72 | — |
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 | $479.8M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $3.2B | $4.5B |
| 总资产 | $11.2B | $10.1B |
| 负债/权益比越低杠杆越低 | 0.71× | — |
8季度趋势，按日历期对齐
现金及短期投资HSICOSK
| Q4 25 | $156.0M | $479.8M | ||
| Q3 25 | $136.0M | $211.8M | ||
| Q2 25 | $145.0M | $191.7M | ||
| Q1 25 | $127.0M | $210.3M | ||
| Q4 24 | $122.0M | $204.9M | ||
| Q3 24 | $126.0M | $160.9M | ||
| Q2 24 | $138.0M | $141.4M | ||
| Q1 24 | $159.0M | $69.9M |
总债务HSICOSK
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | $602.3M | ||
| Q2 24 | $1.9B | $599.1M | ||
| Q1 24 | $2.0B | $598.9M |
股东权益HSICOSK
| Q4 25 | $3.2B | $4.5B | ||
| Q3 25 | $3.4B | $4.5B | ||
| Q2 25 | $3.4B | $4.5B | ||
| Q1 25 | $3.3B | $4.2B | ||
| Q4 24 | $3.4B | $4.2B | ||
| Q3 24 | $3.5B | $4.1B | ||
| Q2 24 | $3.5B | $3.9B | ||
| Q1 24 | $3.6B | $3.8B |
总资产HSICOSK
| Q4 25 | $11.2B | $10.1B | ||
| Q3 25 | $11.1B | $9.8B | ||
| Q2 25 | $10.9B | $10.0B | ||
| Q1 25 | $10.5B | $9.8B | ||
| Q4 24 | $10.2B | $9.4B | ||
| Q3 24 | $10.6B | $9.9B | ||
| Q2 24 | $10.3B | $9.7B | ||
| Q1 24 | $10.1B | $9.5B |
负债/权益比HSICOSK
| Q4 25 | 0.71× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | 0.54× | 0.15× | ||
| Q2 24 | 0.54× | 0.15× | ||
| Q1 24 | 0.56× | 0.16× |
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 | $600.1M |
| 自由现金流经营现金流 - 资本支出 | $338.0M | $540.3M |
| 自由现金流率自由现金流/营收 | 9.8% | 20.1% |
| 资本支出强度资本支出/营收 | 1.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 3.77× | 4.49× |
| 过去12个月自由现金流最近4个季度 | $573.0M | $618.0M |
8季度趋势，按日历期对齐
经营现金流HSICOSK
| Q4 25 | $381.0M | $600.1M | ||
| Q3 25 | $174.0M | $489.0M | ||
| Q2 25 | $120.0M | $89.2M | ||
| Q1 25 | $37.0M | $-394.9M | ||
| Q4 24 | $204.0M | $790.8M | ||
| Q3 24 | $151.0M | $326.1M | ||
| Q2 24 | $296.0M | $-211.0M | ||
| Q1 24 | $197.0M | $-355.8M |
自由现金流HSICOSK
| Q4 25 | $338.0M | $540.3M | ||
| Q3 25 | $141.0M | $464.3M | ||
| Q2 25 | $88.0M | $48.6M | ||
| Q1 25 | $6.0M | $-435.2M | ||
| Q4 24 | $168.0M | $703.3M | ||
| Q3 24 | $117.0M | $272.2M | ||
| Q2 24 | $259.0M | $-250.5M | ||
| Q1 24 | $156.0M | $-455.9M |
自由现金流率HSICOSK
| Q4 25 | 9.8% | 20.1% | ||
| Q3 25 | 4.2% | 17.3% | ||
| Q2 25 | 2.7% | 1.8% | ||
| Q1 25 | 0.2% | -18.8% | ||
| Q4 24 | 5.3% | 27.1% | ||
| Q3 24 | 3.7% | 9.9% | ||
| Q2 24 | 8.3% | -8.8% | ||
| Q1 24 | 4.9% | -17.9% |
资本支出强度HSICOSK
| Q4 25 | 1.3% | 2.2% | ||
| Q3 25 | 1.0% | 0.9% | ||
| Q2 25 | 1.0% | 1.5% | ||
| Q1 25 | 1.0% | 1.7% | ||
| Q4 24 | 1.1% | 3.4% | ||
| Q3 24 | 1.1% | 2.0% | ||
| Q2 24 | 1.2% | 1.4% | ||
| Q1 24 | 1.3% | 3.9% |
现金转化率HSICOSK
| Q4 25 | 3.77× | 4.49× | ||
| Q3 25 | 1.72× | 2.49× | ||
| Q2 25 | 1.40× | 0.44× | ||
| Q1 25 | 0.34× | -3.52× | ||
| Q4 24 | 2.17× | 5.17× | ||
| Q3 24 | 1.53× | 1.81× | ||
| Q2 24 | 2.85× | -1.25× | ||
| Q1 24 | 2.12× | -1.98× |
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% |
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
