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Molina Healthcare（MOH）与富国银行（WFC）财务数据对比。点击上方公司名可切换其他公司
富国银行的季度营收约是Molina Healthcare的2.0倍（$21.3B vs $10.8B），富国银行净利率更高（25.2% vs 0.1%，领先25.0%），富国银行同比增速更快（4.5% vs -3.1%），过去两年Molina Healthcare的营收复合增速更高（4.5% vs 1.0%）
Molina Healthcare是总部位于美国加利福尼亚州长滩的管理式医疗企业，主要通过医疗补助、联邦医疗保险等政府公共医保项目为个人提供健康保险服务，覆盖大量符合公共医保参保资格的群体。
富国银行是美国头部跨国金融服务机构，位列美国四大银行之一，业务覆盖全球35个国家，为超7000万全球客户提供服务，被金融稳定委员会认定为系统重要性金融机构，具备较高的行业影响力。
MOH vs WFC — 直观对比
营收规模更大
WFC
是对方的2.0倍
$10.8B
营收增速更快
WFC
高出7.6%
-3.1%
净利率更高
WFC
高出25.0%
0.1%
两年增速更快
MOH
近两年复合增速
1.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $10.8B | $21.3B |
| 净利润 | $14.0M | $5.4B |
| 毛利率 | — | — |
| 营业利润率 | 0.8% | 30.7% |
| 净利率 | 0.1% | 25.2% |
| 营收同比 | -3.1% | 4.5% |
| 净利润同比 | -64.0% | 5.6% |
| 每股收益（稀释后） | $0.27 | $1.61 |
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MOHWFC
| Q1 26 | $10.8B | — | ||
| Q4 25 | $11.4B | $21.3B | ||
| Q3 25 | $11.5B | $21.4B | ||
| Q2 25 | $11.4B | $20.8B | ||
| Q1 25 | $11.1B | $20.1B | ||
| Q4 24 | $10.5B | $20.4B | ||
| Q3 24 | $10.3B | $20.4B | ||
| Q2 24 | $9.9B | $20.7B |
净利润MOHWFC
| Q1 26 | $14.0M | — | ||
| Q4 25 | $-160.0M | $5.4B | ||
| Q3 25 | $79.0M | $5.6B | ||
| Q2 25 | $255.0M | $5.5B | ||
| Q1 25 | $298.0M | $4.9B | ||
| Q4 24 | $251.0M | $5.1B | ||
| Q3 24 | $326.0M | $5.1B | ||
| Q2 24 | $301.0M | $4.9B |
毛利率MOHWFC
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 14.2% | — | ||
| Q3 24 | 16.4% | — | ||
| Q2 24 | 15.3% | — |
营业利润率MOHWFC
| Q1 26 | 0.8% | — | ||
| Q4 25 | -1.4% | 30.7% | ||
| Q3 25 | 1.2% | 32.2% | ||
| Q2 25 | 3.3% | 30.9% | ||
| Q1 25 | 3.9% | 26.4% | ||
| Q4 24 | 3.6% | 26.4% | ||
| Q3 24 | 4.5% | 30.6% | ||
| Q2 24 | 4.4% | 29.8% |
净利率MOHWFC
| Q1 26 | 0.1% | — | ||
| Q4 25 | -1.4% | 25.2% | ||
| Q3 25 | 0.7% | 26.1% | ||
| Q2 25 | 2.2% | 26.4% | ||
| Q1 25 | 2.7% | 24.3% | ||
| Q4 24 | 2.4% | 24.9% | ||
| Q3 24 | 3.2% | 25.1% | ||
| Q2 24 | 3.0% | 23.7% |
每股收益（稀释后）MOHWFC
| Q1 26 | $0.27 | — | ||
| Q4 25 | $-2.79 | $1.61 | ||
| Q3 25 | $1.51 | $1.66 | ||
| Q2 25 | $4.75 | $1.60 | ||
| Q1 25 | $5.45 | $1.39 | ||
| Q4 24 | $4.43 | $1.42 | ||
| Q3 24 | $5.65 | $1.42 | ||
| Q2 24 | $5.17 | $1.33 |
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 | $5.3B | — |
| 总债务越低越好 | $3.8B | $174.7B |
| 股东权益账面价值 | $4.1B | $181.1B |
| 总资产 | $16.4B | $2148.6B |
| 负债/权益比越低杠杆越低 | 0.92× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资MOHWFC
| Q1 26 | $5.3B | — | ||
| Q4 25 | $8.3B | — | ||
| Q3 25 | $8.4B | — | ||
| Q2 25 | $8.8B | — | ||
| Q1 25 | $9.3B | — | ||
| Q4 24 | $9.0B | — | ||
| Q3 24 | $9.2B | — | ||
| Q2 24 | $8.7B | — |
总债务MOHWFC
| Q1 26 | $3.8B | — | ||
| Q4 25 | — | $174.7B | ||
| Q3 25 | — | $177.8B | ||
| Q2 25 | — | $176.2B | ||
| Q1 25 | — | $173.7B | ||
| Q4 24 | — | $173.1B | ||
| Q3 24 | — | $182.0B | ||
| Q2 24 | — | $179.1B |
股东权益MOHWFC
| Q1 26 | $4.1B | — | ||
| Q4 25 | $4.1B | $181.1B | ||
| Q3 25 | $4.2B | $181.2B | ||
| Q2 25 | $4.6B | $181.1B | ||
| Q1 25 | $4.3B | $181.1B | ||
| Q4 24 | $4.5B | $179.1B | ||
| Q3 24 | $4.8B | $183.3B | ||
| Q2 24 | $4.8B | $176.4B |
总资产MOHWFC
| Q1 26 | $16.4B | — | ||
| Q4 25 | $15.6B | $2148.6B | ||
| Q3 25 | $15.7B | $2062.9B | ||
| Q2 25 | $16.2B | $1981.3B | ||
| Q1 25 | $16.4B | $1950.3B | ||
| Q4 24 | $15.6B | $1929.8B | ||
| Q3 24 | $15.8B | $1922.1B | ||
| Q2 24 | $15.2B | $1940.1B |
负债/权益比MOHWFC
| Q1 26 | 0.92× | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 0.96× | ||
| Q4 24 | — | 0.97× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 1.02× |
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 | $1.1B | $4.1B |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 77.29× | 0.77× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MOHWFC
| Q1 26 | $1.1B | — | ||
| Q4 25 | $-298.0M | $4.1B | ||
| Q3 25 | $-125.0M | $-869.0M | ||
| Q2 25 | $-302.0M | $-11.2B | ||
| Q1 25 | $190.0M | $-11.0B | ||
| Q4 24 | $-224.0M | $8.9B | ||
| Q3 24 | $873.0M | $4.2B | ||
| Q2 24 | $-219.0M | $2.0B |
自由现金流MOHWFC
| Q1 26 | — | — | ||
| Q4 25 | $-299.0M | — | ||
| Q3 25 | $-163.0M | — | ||
| Q2 25 | $-344.0M | — | ||
| Q1 25 | $168.0M | — | ||
| Q4 24 | $-235.0M | — | ||
| Q3 24 | $838.0M | — | ||
| Q2 24 | $-246.0M | — |
自由现金流率MOHWFC
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | — | ||
| Q3 25 | -1.4% | — | ||
| Q2 25 | -3.0% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | 8.1% | — | ||
| Q2 24 | -2.5% | — |
资本支出强度MOHWFC
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — |
现金转化率MOHWFC
| Q1 26 | 77.29× | — | ||
| Q4 25 | — | 0.77× | ||
| Q3 25 | -1.58× | -0.16× | ||
| Q2 25 | -1.18× | -2.04× | ||
| Q1 25 | 0.64× | -2.26× | ||
| Q4 24 | -0.89× | 1.75× | ||
| Q3 24 | 2.68× | 0.82× | ||
| Q2 24 | -0.73× | 0.42× |
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
MOH
| Premium revenue | $10.2B | 94% |
| Premium tax revenue | $504.0M | 5% |
| Investment income | $98.0M | 1% |
| Other revenue | $22.0M | 0% |
WFC
| Other | $5.2B | 24% |
| Wealth And Investment Management | $3.4B | 16% |
| Investment Advisory Management And Administrative Service | $2.8B | 13% |
| Corporate And Investment Banking | $2.5B | 12% |
| Consumer Banking And Lending | $2.0B | 10% |
| Commercial Portfolio Segment | $1.1B | 5% |
| Commercial Banking | $1.1B | 5% |
| Credit Card Rewards And Rebates | $859.0M | 4% |
| Investment Advice | $716.0M | 3% |
| Deposit Account | $692.0M | 3% |
| Commissions And Brokerage Service Fees | $657.0M | 3% |
| Trailing Commission | $250.0M | 1% |
