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J.B. Hunt（JBHT）与TENET HEALTHCARE CORP（THC）财务数据对比。点击上方公司名可切换其他公司
TENET HEALTHCARE CORP的季度营收约是J.B. Hunt的1.8倍（$5.5B vs $3.1B），TENET HEALTHCARE CORP净利率更高（11.7% vs 5.8%，领先5.8%），TENET HEALTHCARE CORP同比增速更快（9.0% vs -1.6%），TENET HEALTHCARE CORP自由现金流更多（$367.0M vs $251.3M），过去两年J.B. Hunt的营收复合增速更高（2.6% vs 1.5%）
J.B.亨特运输服务公司是总部位于美国阿肯色州洛厄尔的运输物流企业，1961年8月10日由约翰尼·布莱恩·亨特与乔内尔·亨特在阿肯色州创立。截至1983年，公司已成为美国第80大卡车运输企业，营收达6.2347亿美元，当时运营550台牵引车、1049辆挂车，拥有约1050名员工。
Tenet Healthcare Corporation是总部位于美国达拉斯的营利性跨国医疗服务企业，旗下拥有USPI等多个品牌、子公司、合资企业及合作主体，运营65家医院及超过450个医疗设施，还通过旗下Conifer Health Solutions为各类医疗系统及其他客户提供专业医疗支持服务
JBHT vs THC — 直观对比
营收规模更大
THC
是对方的1.8倍
$3.1B
营收增速更快
THC
高出10.6%
-1.6%
净利率更高
THC
高出5.8%
5.8%
自由现金流更多
THC
多$115.7M
$251.3M
两年增速更快
JBHT
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $5.5B |
| 净利润 | $181.1M | $644.0M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | 15.4% |
| 净利率 | 5.8% | 11.7% |
| 营收同比 | -1.6% | 9.0% |
| 净利润同比 | 16.5% | 12.6% |
| 每股收益（稀释后） | $1.88 | $4.22 |
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JBHTTHC
| Q4 25 | $3.1B | $5.5B | ||
| Q3 25 | $3.1B | $5.3B | ||
| Q2 25 | $2.9B | $5.3B | ||
| Q1 25 | $2.9B | $5.2B | ||
| Q4 24 | $3.1B | $5.1B | ||
| Q3 24 | $3.1B | $5.1B | ||
| Q2 24 | $2.9B | $5.1B | ||
| Q1 24 | $2.9B | $5.4B |
净利润JBHTTHC
| Q4 25 | $181.1M | $644.0M | ||
| Q3 25 | $170.8M | $579.0M | ||
| Q2 25 | $128.6M | $522.0M | ||
| Q1 25 | $117.7M | $622.0M | ||
| Q4 24 | $155.5M | $572.0M | ||
| Q3 24 | $152.1M | $681.0M | ||
| Q2 24 | $135.9M | $477.0M | ||
| Q1 24 | $127.5M | $2.3B |
营业利润率JBHTTHC
| Q4 25 | 8.0% | 15.4% | ||
| Q3 25 | 7.9% | 16.8% | ||
| Q2 25 | 6.7% | 15.6% | ||
| Q1 25 | 6.1% | 18.1% | ||
| Q4 24 | 6.6% | 16.2% | ||
| Q3 24 | 7.3% | 21.3% | ||
| Q2 24 | 7.0% | 14.9% | ||
| Q1 24 | 6.6% | 61.2% |
净利率JBHTTHC
| Q4 25 | 5.8% | 11.7% | ||
| Q3 25 | 5.6% | 10.9% | ||
| Q2 25 | 4.4% | 9.9% | ||
| Q1 25 | 4.0% | 11.9% | ||
| Q4 24 | 4.9% | 11.3% | ||
| Q3 24 | 5.0% | 13.3% | ||
| Q2 24 | 4.6% | 9.3% | ||
| Q1 24 | 4.3% | 43.5% |
每股收益（稀释后）JBHTTHC
| Q4 25 | $1.88 | $4.22 | ||
| Q3 25 | $1.76 | $3.86 | ||
| Q2 25 | $1.31 | $3.14 | ||
| Q1 25 | $1.17 | $4.27 | ||
| Q4 24 | $1.53 | $3.79 | ||
| Q3 24 | $1.49 | $4.89 | ||
| Q2 24 | $1.32 | $2.64 | ||
| Q1 24 | $1.22 | $21.38 |
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 | $17.3M | $2.9B |
| 总债务越低越好 | — | $13.1B |
| 股东权益账面价值 | $3.6B | $4.2B |
| 总资产 | $7.9B | $29.7B |
| 负债/权益比越低杠杆越低 | — | 3.10× |
8季度趋势，按日历期对齐
现金及短期投资JBHTTHC
| Q4 25 | $17.3M | $2.9B | ||
| Q3 25 | $52.3M | $3.0B | ||
| Q2 25 | $50.9M | $2.6B | ||
| Q1 25 | $43.4M | $3.0B | ||
| Q4 24 | $47.0M | $3.0B | ||
| Q3 24 | $120.0M | $4.1B | ||
| Q2 24 | $53.5M | $2.9B | ||
| Q1 24 | $64.2M | $2.5B |
总债务JBHTTHC
| Q4 25 | — | $13.1B | ||
| Q3 25 | — | $13.1B | ||
| Q2 25 | — | $13.1B | ||
| Q1 25 | — | $13.1B | ||
| Q4 24 | $977.7M | $13.1B | ||
| Q3 24 | $1.0B | $12.8B | ||
| Q2 24 | $1.5B | $12.8B | ||
| Q1 24 | $1.4B | $12.8B |
股东权益JBHTTHC
| Q4 25 | $3.6B | $4.2B | ||
| Q3 25 | $3.6B | $4.0B | ||
| Q2 25 | $3.7B | $3.7B | ||
| Q1 25 | $3.9B | $4.2B | ||
| Q4 24 | $4.0B | $4.2B | ||
| Q3 24 | $4.0B | $3.8B | ||
| Q2 24 | $4.1B | $3.5B | ||
| Q1 24 | $4.2B | $3.5B |
总资产JBHTTHC
| Q4 25 | $7.9B | $29.7B | ||
| Q3 25 | $8.1B | $29.4B | ||
| Q2 25 | $8.2B | $28.7B | ||
| Q1 25 | $8.3B | $29.2B | ||
| Q4 24 | $8.3B | $28.9B | ||
| Q3 24 | $8.3B | $29.4B | ||
| Q2 24 | $8.4B | $29.3B | ||
| Q1 24 | $8.4B | $28.9B |
负债/权益比JBHTTHC
| Q4 25 | — | 3.10× | ||
| Q3 25 | — | 3.26× | ||
| Q2 25 | — | 3.49× | ||
| Q1 25 | — | 3.13× | ||
| Q4 24 | 0.24× | 3.14× | ||
| Q3 24 | 0.26× | 3.33× | ||
| Q2 24 | 0.36× | 3.67× | ||
| Q1 24 | 0.33× | 3.70× |
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 | $385.6M | $731.0M |
| 自由现金流经营现金流 - 资本支出 | $251.3M | $367.0M |
| 自由现金流率自由现金流/营收 | 8.1% | 6.6% |
| 资本支出强度资本支出/营收 | 4.3% | 6.6% |
| 现金转化率经营现金流/净利润 | 2.13× | 1.14× |
| 过去12个月自由现金流最近4个季度 | $947.6M | $2.5B |
8季度趋势，按日历期对齐
经营现金流JBHTTHC
| Q4 25 | $385.6M | $731.0M | ||
| Q3 25 | $486.4M | $1.1B | ||
| Q2 25 | $402.1M | $936.0M | ||
| Q1 25 | $404.2M | $815.0M | ||
| Q4 24 | $317.6M | $-331.0M | ||
| Q3 24 | $338.5M | $1.0B | ||
| Q2 24 | $360.6M | $747.0M | ||
| Q1 24 | $466.5M | $586.0M |
自由现金流JBHTTHC
| Q4 25 | $251.3M | $367.0M | ||
| Q3 25 | $352.4M | $778.0M | ||
| Q2 25 | $185.6M | $743.0M | ||
| Q1 25 | $158.4M | $642.0M | ||
| Q4 24 | $93.3M | $-661.0M | ||
| Q3 24 | $163.1M | $829.0M | ||
| Q2 24 | $98.2M | $602.0M | ||
| Q1 24 | $263.1M | $346.0M |
自由现金流率JBHTTHC
| Q4 25 | 8.1% | 6.6% | ||
| Q3 25 | 11.5% | 14.7% | ||
| Q2 25 | 6.3% | 14.1% | ||
| Q1 25 | 5.4% | 12.3% | ||
| Q4 24 | 3.0% | -13.0% | ||
| Q3 24 | 5.3% | 16.2% | ||
| Q2 24 | 3.4% | 11.8% | ||
| Q1 24 | 8.9% | 6.4% |
资本支出强度JBHTTHC
| Q4 25 | 4.3% | 6.6% | ||
| Q3 25 | 4.4% | 5.3% | ||
| Q2 25 | 7.4% | 3.7% | ||
| Q1 25 | 8.4% | 3.3% | ||
| Q4 24 | 7.1% | 6.5% | ||
| Q3 24 | 5.7% | 4.2% | ||
| Q2 24 | 9.0% | 2.8% | ||
| Q1 24 | 6.9% | 4.5% |
现金转化率JBHTTHC
| Q4 25 | 2.13× | 1.14× | ||
| Q3 25 | 2.85× | 1.83× | ||
| Q2 25 | 3.13× | 1.79× | ||
| Q1 25 | 3.43× | 1.31× | ||
| Q4 24 | 2.04× | -0.58× | ||
| Q3 24 | 2.23× | 1.53× | ||
| Q2 24 | 2.65× | 1.57× | ||
| Q1 24 | 3.66× | 0.25× |
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
JBHT
| JBI | $1.5B | 50% |
| DCS | $842.8M | 27% |
| ICS | $304.5M | 10% |
| FMS | $206.3M | 7% |
| JBT | $200.7M | 6% |
THC
| Other | $2.9B | 52% |
| Health Care Patient Service | $1.4B | 25% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $1.2B | 22% |
| Health Care Other Sources | $56.0M | 1% |
