vs
Humana（HUM）与Universal Health Services（UHS）财务数据对比。点击上方公司名可切换其他公司
Humana的季度营收约是Universal Health Services的7.2倍（$32.5B vs $4.5B），Universal Health Services净利率更高（8.0% vs -2.4%，领先10.4%），Humana同比增速更快（11.3% vs 8.2%），过去两年Universal Health Services的营收复合增速更高（7.3% vs 4.8%）
Humana是总部位于美国肯塔基州路易斯维尔的营利性健康保险企业，为美国第四大健康保险服务商。2024年该公司位列《财富》美国500强第92位，是肯塔基州上榜企业中排名最高的一家。
Universal Health Services（简称UHS）是美国财富500强企业，总部位于宾夕法尼亚州普鲁士王市，主营医院运营及各类医疗健康服务，2024年公布的总营收达158亿美元，在全球医疗服务领域具备较强的市场影响力。
HUM vs UHS — 直观对比
营收规模更大
HUM
是对方的7.2倍
$4.5B
营收增速更快
HUM
高出3.1%
8.2%
净利率更高
UHS
高出10.4%
-2.4%
两年增速更快
UHS
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $32.5B | $4.5B |
| 净利润 | $-796.0M | $358.7M |
| 毛利率 | — | — |
| 营业利润率 | -2.5% | 11.2% |
| 净利率 | -2.4% | 8.0% |
| 营收同比 | 11.3% | 8.2% |
| 净利润同比 | -14.9% | 11.5% |
| 每股收益（稀释后） | $-6.59 | $5.65 |
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HUMUHS
| Q1 26 | — | $4.5B | ||
| Q4 25 | $32.5B | $4.5B | ||
| Q3 25 | $32.6B | $4.5B | ||
| Q2 25 | $32.4B | $4.3B | ||
| Q1 25 | $32.1B | $4.1B | ||
| Q4 24 | $29.2B | $4.1B | ||
| Q3 24 | $29.4B | $4.0B | ||
| Q2 24 | $29.5B | $3.9B |
净利润HUMUHS
| Q1 26 | — | $358.7M | ||
| Q4 25 | $-796.0M | $445.9M | ||
| Q3 25 | $195.0M | $373.0M | ||
| Q2 25 | $545.0M | $353.2M | ||
| Q1 25 | $1.2B | $316.7M | ||
| Q4 24 | $-693.0M | $332.4M | ||
| Q3 24 | $480.0M | $258.7M | ||
| Q2 24 | $679.0M | $289.2M |
营业利润率HUMUHS
| Q1 26 | — | 11.2% | ||
| Q4 25 | -2.5% | 11.5% | ||
| Q3 25 | 1.2% | 11.6% | ||
| Q2 25 | 3.4% | 11.7% | ||
| Q1 25 | 6.3% | 11.1% | ||
| Q4 24 | -1.9% | 11.5% | ||
| Q3 24 | 2.5% | 9.7% | ||
| Q2 24 | 3.9% | 11.2% |
净利率HUMUHS
| Q1 26 | — | 8.0% | ||
| Q4 25 | -2.4% | 9.9% | ||
| Q3 25 | 0.6% | 8.3% | ||
| Q2 25 | 1.7% | 8.2% | ||
| Q1 25 | 3.9% | 7.7% | ||
| Q4 24 | -2.4% | 8.1% | ||
| Q3 24 | 1.6% | 6.5% | ||
| Q2 24 | 2.3% | 7.4% |
每股收益（稀释后）HUMUHS
| Q1 26 | — | $5.65 | ||
| Q4 25 | $-6.59 | $7.01 | ||
| Q3 25 | $1.62 | $5.86 | ||
| Q2 25 | $4.51 | $5.43 | ||
| Q1 25 | $10.30 | $4.80 | ||
| Q4 24 | $-5.73 | $4.94 | ||
| Q3 24 | $3.98 | $3.80 | ||
| Q2 24 | $5.62 | $4.26 |
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 | $19.9B | $119.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $17.7B | $7.5B |
| 总资产 | $48.9B | $15.7B |
| 负债/权益比越低杠杆越低 | — | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资HUMUHS
| Q1 26 | — | $119.0M | ||
| Q4 25 | $19.9B | $137.8M | ||
| Q3 25 | $22.1B | $112.9M | ||
| Q2 25 | $21.7B | $137.6M | ||
| Q1 25 | $22.1B | $126.8M | ||
| Q4 24 | $20.4B | $126.0M | ||
| Q3 24 | $24.1B | $106.1M | ||
| Q2 24 | $22.9B | $128.8M |
总债务HUMUHS
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.8B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.5B |
股东权益HUMUHS
| Q1 26 | — | $7.5B | ||
| Q4 25 | $17.7B | $7.3B | ||
| Q3 25 | $18.5B | $7.2B | ||
| Q2 25 | $18.2B | $7.0B | ||
| Q1 25 | $17.8B | $6.8B | ||
| Q4 24 | $16.4B | $6.7B | ||
| Q3 24 | $17.6B | $6.6B | ||
| Q2 24 | $16.7B | $6.5B |
总资产HUMUHS
| Q1 26 | — | $15.7B | ||
| Q4 25 | $48.9B | $15.5B | ||
| Q3 25 | $49.7B | $15.3B | ||
| Q2 25 | $50.4B | $15.0B | ||
| Q1 25 | $50.9B | $14.9B | ||
| Q4 24 | $46.5B | $14.5B | ||
| Q3 24 | $50.0B | $14.4B | ||
| Q2 24 | $50.1B | $14.1B |
负债/权益比HUMUHS
| Q1 26 | — | 0.63× | ||
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.69× |
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 | $-1.7B | $401.6M |
| 自由现金流经营现金流 - 资本支出 | $-1.9B | — |
| 自由现金流率自由现金流/营收 | -5.7% | — |
| 资本支出强度资本支出/营收 | 0.6% | 4.8% |
| 现金转化率经营现金流/净利润 | — | 1.12× |
| 过去12个月自由现金流最近4个季度 | $375.0M | — |
8季度趋势，按日历期对齐
经营现金流HUMUHS
| Q1 26 | — | $401.6M | ||
| Q4 25 | $-1.7B | $574.7M | ||
| Q3 25 | $971.0M | $380.7M | ||
| Q2 25 | $1.3B | $549.0M | ||
| Q1 25 | $331.0M | $360.0M | ||
| Q4 24 | $-528.0M | $658.4M | ||
| Q3 24 | $1.9B | $333.0M | ||
| Q2 24 | $1.2B | $679.3M |
自由现金流HUMUHS
| Q1 26 | — | — | ||
| Q4 25 | $-1.9B | $293.5M | ||
| Q3 25 | $836.0M | $151.8M | ||
| Q2 25 | $1.2B | $283.0M | ||
| Q1 25 | $236.0M | $121.0M | ||
| Q4 24 | $-682.0M | $412.5M | ||
| Q3 24 | $1.7B | $85.0M | ||
| Q2 24 | $1.1B | $437.9M |
自由现金流率HUMUHS
| Q1 26 | — | — | ||
| Q4 25 | -5.7% | 6.5% | ||
| Q3 25 | 2.6% | 3.4% | ||
| Q2 25 | 3.6% | 6.6% | ||
| Q1 25 | 0.7% | 3.0% | ||
| Q4 24 | -2.3% | 10.0% | ||
| Q3 24 | 5.9% | 2.1% | ||
| Q2 24 | 3.7% | 11.2% |
资本支出强度HUMUHS
| Q1 26 | — | 4.8% | ||
| Q4 25 | 0.6% | 6.3% | ||
| Q3 25 | 0.4% | 5.1% | ||
| Q2 25 | 0.4% | 6.2% | ||
| Q1 25 | 0.3% | 5.8% | ||
| Q4 24 | 0.5% | 6.0% | ||
| Q3 24 | 0.4% | 6.3% | ||
| Q2 24 | 0.4% | 6.2% |
现金转化率HUMUHS
| Q1 26 | — | 1.12× | ||
| Q4 25 | — | 1.29× | ||
| Q3 25 | 4.98× | 1.02× | ||
| Q2 25 | 2.33× | 1.55× | ||
| Q1 25 | 0.27× | 1.14× | ||
| Q4 24 | — | 1.98× | ||
| Q3 24 | 3.87× | 1.29× | ||
| Q2 24 | 1.79× | 2.35× |
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
HUM
| Insurance Segment | $31.3B | 96% |
| Other | $880.0M | 3% |
| Services | $292.0M | 1% |
UHS
暂无分部数据
