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NATIONAL HEALTHCARE CORP（NHC）与PACS Group, Inc.（PACS）财务数据对比。点击上方公司名可切换其他公司
PACS Group, Inc.的季度营收约是NATIONAL HEALTHCARE CORP的3.5倍（$1.4B vs $386.5M）。NATIONAL HEALTHCARE CORP净利率更高（6.4% vs 4.4%，领先2.0%）。PACS Group, Inc.同比增速更快（18.4% vs 4.6%）。过去两年PACS Group, Inc.的营收复合增速更高（20.5% vs 14.0%）
HCA Healthcare是1968年成立的美国营利性医疗服务运营商，总部位于田纳西州纳什维尔。截至2020年5月，该公司在全美20个州及英国持有并运营186家医院，还有约2400个医疗服务网点，涵盖手术中心、独立急诊室、紧急护理中心及医师诊所，2024年位列美国财富500强第61位。
NHC vs PACS — 直观对比
营收规模更大
PACS
是对方的3.5倍
$386.5M
营收增速更快
PACS
高出13.8%
4.6%
净利率更高
NHC
高出2.0%
4.4%
两年增速更快
PACS
近两年复合增速
14.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $386.5M | $1.4B |
| 净利润 | $24.8M | $59.7M |
| 毛利率 | — | — |
| 营业利润率 | 8.6% | 7.0% |
| 净利率 | 6.4% | 4.4% |
| 营收同比 | 4.6% | 18.4% |
| 净利润同比 | 308.6% | 3022.5% |
| 每股收益（稀释后） | $1.58 | $0.42 |
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NHCPACS
| Q4 25 | $386.5M | $1.4B | ||
| Q3 25 | $382.7M | $1.3B | ||
| Q2 25 | $374.9M | $1.3B | ||
| Q1 25 | $373.7M | $1.3B | ||
| Q4 24 | $369.4M | $1.1B | ||
| Q3 24 | $340.2M | $1.0B | ||
| Q2 24 | $300.7M | $981.4M | ||
| Q1 24 | $297.2M | $934.3M |
净利润NHCPACS
| Q4 25 | $24.8M | $59.7M | ||
| Q3 25 | $39.2M | $52.4M | ||
| Q2 25 | $23.7M | $51.0M | ||
| Q1 25 | $32.2M | $28.5M | ||
| Q4 24 | $6.1M | $1.9M | ||
| Q3 24 | $42.8M | $15.6M | ||
| Q2 24 | $26.8M | $-10.9M | ||
| Q1 24 | $26.2M | $49.1M |
毛利率NHCPACS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
营业利润率NHCPACS
| Q4 25 | 8.6% | 7.0% | ||
| Q3 25 | 7.9% | 6.4% | ||
| Q2 25 | 9.1% | 6.2% | ||
| Q1 25 | 8.2% | 3.8% | ||
| Q4 24 | 7.8% | 1.7% | ||
| Q3 24 | 6.7% | 2.2% | ||
| Q2 24 | 7.5% | 0.1% | ||
| Q1 24 | 5.3% | 8.6% |
净利率NHCPACS
| Q4 25 | 6.4% | 4.4% | ||
| Q3 25 | 10.3% | 3.9% | ||
| Q2 25 | 6.3% | 3.9% | ||
| Q1 25 | 8.6% | 2.2% | ||
| Q4 24 | 1.6% | 0.2% | ||
| Q3 24 | 12.6% | 1.5% | ||
| Q2 24 | 8.9% | -1.1% | ||
| Q1 24 | 8.8% | 5.3% |
每股收益（稀释后）NHCPACS
| Q4 25 | $1.58 | $0.42 | ||
| Q3 25 | $2.50 | $0.32 | ||
| Q2 25 | $1.52 | $0.31 | ||
| Q1 25 | $2.07 | $0.17 | ||
| Q4 24 | $0.38 | $-0.03 | ||
| Q3 24 | $2.73 | $0.10 | ||
| Q2 24 | $1.73 | $-0.07 | ||
| Q1 24 | $1.69 | $0.38 |
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 | $92.8M | $197.0M |
| 总债务越低越好 | $40.0M | $353.2M |
| 股东权益账面价值 | $1.1B | $946.8M |
| 总资产 | $1.5B | $5.6B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资NHCPACS
| Q4 25 | $92.8M | $197.0M | ||
| Q3 25 | $130.6M | $355.7M | ||
| Q2 25 | $111.0M | $294.2M | ||
| Q1 25 | $90.4M | $287.5M | ||
| Q4 24 | $76.1M | $157.7M | ||
| Q3 24 | $84.8M | $49.5M | ||
| Q2 24 | $136.2M | $73.4M | ||
| Q1 24 | $94.0M | $81.2M |
总债务NHCPACS
| Q4 25 | $40.0M | $353.2M | ||
| Q3 25 | $73.1M | — | ||
| Q2 25 | $110.0M | — | ||
| Q1 25 | $134.0M | — | ||
| Q4 24 | $137.0M | $411.9M | ||
| Q3 24 | $147.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NHCPACS
| Q4 25 | $1.1B | $946.8M | ||
| Q3 25 | $1.1B | $871.3M | ||
| Q2 25 | $1.0B | $806.8M | ||
| Q1 25 | $1.0B | $750.2M | ||
| Q4 24 | $980.2M | $709.6M | ||
| Q3 24 | $983.5M | $660.0M | ||
| Q2 24 | $945.8M | $572.1M | ||
| Q1 24 | $924.7M | $128.0M |
总资产NHCPACS
| Q4 25 | $1.5B | $5.6B | ||
| Q3 25 | $1.6B | $5.6B | ||
| Q2 25 | $1.6B | $5.5B | ||
| Q1 25 | $1.5B | $5.5B | ||
| Q4 24 | $1.5B | $5.2B | ||
| Q3 24 | $1.6B | $4.5B | ||
| Q2 24 | $1.3B | $3.9B | ||
| Q1 24 | $1.3B | $3.9B |
负债/权益比NHCPACS
| Q4 25 | 0.04× | 0.37× | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 0.58× | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $16.8M | $-3.4M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | — |
| 自由现金流率自由现金流/营收 | 1.7% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 现金转化率经营现金流/净利润 | 0.68× | -0.06× |
| 过去12个月自由现金流最近4个季度 | $148.6M | — |
8季度趋势，按日历期对齐
经营现金流NHCPACS
| Q4 25 | $16.8M | $-3.4M | ||
| Q3 25 | $66.2M | $204.8M | ||
| Q2 25 | $62.8M | $52.6M | ||
| Q1 25 | $39.3M | $150.2M | ||
| Q4 24 | $12.8M | $64.6M | ||
| Q3 24 | $34.2M | $209.2M | ||
| Q2 24 | $50.7M | $34.8M | ||
| Q1 24 | $9.6M | $58.8M |
自由现金流NHCPACS
| Q4 25 | $6.4M | — | ||
| Q3 25 | $56.5M | — | ||
| Q2 25 | $52.6M | — | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $28.6M | — | ||
| Q2 24 | $42.8M | — | ||
| Q1 24 | $3.7M | — |
自由现金流率NHCPACS
| Q4 25 | 1.7% | — | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 14.2% | — | ||
| Q1 24 | 1.2% | — |
资本支出强度NHCPACS
| Q4 25 | 2.7% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 2.0% | — |
现金转化率NHCPACS
| Q4 25 | 0.68× | -0.06× | ||
| Q3 25 | 1.69× | 3.91× | ||
| Q2 25 | 2.65× | 1.03× | ||
| Q1 25 | 1.22× | 5.28× | ||
| Q4 24 | 2.10× | 33.78× | ||
| Q3 24 | 0.80× | 13.39× | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 0.37× | 1.20× |
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
NHC
| Inpatient Services Segment | $333.7M | 86% |
| Homecare Services Segment | $40.0M | 10% |
| Other | $11.2M | 3% |
| National | $1.6M | 0% |
PACS
暂无分部数据
