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NATIONAL HEALTHCARE CORP（NHC）与UiPath, Inc.（PATH）财务数据对比。点击上方公司名可切换其他公司
UiPath, Inc.的季度营收约是NATIONAL HEALTHCARE CORP的1.1倍（$411.1M vs $386.5M），UiPath, Inc.净利率更高（48.4% vs 6.4%，领先41.9%），UiPath, Inc.同比增速更快（15.9% vs 4.6%），UiPath, Inc.自由现金流更多（$25.1M vs $6.4M），过去两年NATIONAL HEALTHCARE CORP的营收复合增速更高（14.0% vs 0.7%）
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。
UiPath是一家全球化软件企业，专注于开发人工智能、智能自动化及流程编排类软件，其产品支持用户搭建与调度AI代理，实现复杂业务流程、工作流的自动化运行，助力各行业客户提升运营效率、降低人力成本。
NHC vs PATH — 直观对比
营收规模更大
PATH
是对方的1.1倍
$386.5M
营收增速更快
PATH
高出11.3%
4.6%
净利率更高
PATH
高出41.9%
6.4%
自由现金流更多
PATH
多$18.7M
$6.4M
两年增速更快
NHC
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $386.5M | $411.1M |
| 净利润 | $24.8M | $198.8M |
| 毛利率 | — | 83.3% |
| 营业利润率 | 8.6% | 3.2% |
| 净利率 | 6.4% | 48.4% |
| 营收同比 | 4.6% | 15.9% |
| 净利润同比 | 308.6% | 1966.2% |
| 每股收益（稀释后） | $1.58 | $0.37 |
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NHCPATH
| Q4 25 | $386.5M | $411.1M | ||
| Q3 25 | $382.7M | $361.7M | ||
| Q2 25 | $374.9M | $356.6M | ||
| Q1 25 | $373.7M | $423.6M | ||
| Q4 24 | $369.4M | $354.7M | ||
| Q3 24 | $340.2M | $316.3M | ||
| Q2 24 | $300.7M | $335.1M | ||
| Q1 24 | $297.2M | $405.3M |
净利润NHCPATH
| Q4 25 | $24.8M | $198.8M | ||
| Q3 25 | $39.2M | $1.6M | ||
| Q2 25 | $23.7M | $-22.6M | ||
| Q1 25 | $32.2M | $51.8M | ||
| Q4 24 | $6.1M | $-10.7M | ||
| Q3 24 | $42.8M | $-86.1M | ||
| Q2 24 | $26.8M | $-28.7M | ||
| Q1 24 | $26.2M | $33.9M |
毛利率NHCPATH
| Q4 25 | — | 83.3% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | — | 82.1% | ||
| Q1 25 | — | 84.8% | ||
| Q4 24 | — | 82.0% | ||
| Q3 24 | — | 80.0% | ||
| Q2 24 | — | 83.5% | ||
| Q1 24 | — | 86.8% |
营业利润率NHCPATH
| Q4 25 | 8.6% | 3.2% | ||
| Q3 25 | 7.9% | -5.6% | ||
| Q2 25 | 9.1% | -4.6% | ||
| Q1 25 | 8.2% | 7.9% | ||
| Q4 24 | 7.8% | -12.2% | ||
| Q3 24 | 6.7% | -32.7% | ||
| Q2 24 | 7.5% | -14.8% | ||
| Q1 24 | 5.3% | 3.7% |
净利率NHCPATH
| Q4 25 | 6.4% | 48.4% | ||
| Q3 25 | 10.3% | 0.4% | ||
| Q2 25 | 6.3% | -6.3% | ||
| Q1 25 | 8.6% | 12.2% | ||
| Q4 24 | 1.6% | -3.0% | ||
| Q3 24 | 12.6% | -27.2% | ||
| Q2 24 | 8.9% | -8.6% | ||
| Q1 24 | 8.8% | 8.4% |
每股收益（稀释后）NHCPATH
| Q4 25 | $1.58 | $0.37 | ||
| Q3 25 | $2.50 | $0.00 | ||
| Q2 25 | $1.52 | $-0.04 | ||
| Q1 25 | $2.07 | $0.09 | ||
| Q4 24 | $0.38 | $-0.02 | ||
| Q3 24 | $2.73 | $-0.15 | ||
| Q2 24 | $1.73 | $-0.05 | ||
| Q1 24 | $1.69 | $0.07 |
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 | $1.4B |
| 总债务越低越好 | $40.0M | — |
| 股东权益账面价值 | $1.1B | $1.9B |
| 总资产 | $1.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资NHCPATH
| Q4 25 | $92.8M | $1.4B | ||
| Q3 25 | $130.6M | $1.4B | ||
| Q2 25 | $111.0M | $1.6B | ||
| Q1 25 | $90.4M | $1.6B | ||
| Q4 24 | $76.1M | $1.6B | ||
| Q3 24 | $84.8M | $1.7B | ||
| Q2 24 | $136.2M | $1.9B | ||
| Q1 24 | $94.0M | $1.9B |
总债务NHCPATH
| Q4 25 | $40.0M | — | ||
| Q3 25 | $73.1M | — | ||
| Q2 25 | $110.0M | — | ||
| Q1 25 | $134.0M | — | ||
| Q4 24 | $137.0M | — | ||
| Q3 24 | $147.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NHCPATH
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $1.0B | $1.8B | ||
| Q4 24 | $980.2M | $1.7B | ||
| Q3 24 | $983.5M | $1.8B | ||
| Q2 24 | $945.8M | $2.0B | ||
| Q1 24 | $924.7M | $2.0B |
总资产NHCPATH
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $1.6B | $2.6B | ||
| Q1 25 | $1.5B | $2.9B | ||
| Q4 24 | $1.5B | $2.7B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.3B | $3.0B |
负债/权益比NHCPATH
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| 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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $25.1M |
| 自由现金流率自由现金流/营收 | 1.7% | 6.1% |
| 资本支出强度资本支出/营收 | 2.7% | 0.8% |
| 现金转化率经营现金流/净利润 | 0.68× | 0.14× |
| 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NHCPATH
| Q4 25 | $16.8M | $28.3M | ||
| Q3 25 | $66.2M | $41.6M | ||
| Q2 25 | $62.8M | $119.0M | ||
| Q1 25 | $39.3M | $146.1M | ||
| Q4 24 | $12.8M | $28.1M | ||
| Q3 24 | $34.2M | $46.4M | ||
| Q2 24 | $50.7M | $100.0M | ||
| Q1 24 | $9.6M | $145.6M |
自由现金流NHCPATH
| Q4 25 | $6.4M | $25.1M | ||
| Q3 25 | $56.5M | — | ||
| Q2 25 | $52.6M | $106.2M | ||
| Q1 25 | $33.1M | $138.7M | ||
| Q4 24 | $4.6M | $23.2M | ||
| Q3 24 | $28.6M | $45.0M | ||
| Q2 24 | $42.8M | $98.8M | ||
| Q1 24 | $3.7M | $141.8M |
自由现金流率NHCPATH
| Q4 25 | 1.7% | 6.1% | ||
| Q3 25 | 14.8% | — | ||
| Q2 25 | 14.0% | 29.8% | ||
| Q1 25 | 8.9% | 32.7% | ||
| Q4 24 | 1.3% | 6.5% | ||
| Q3 24 | 8.4% | 14.2% | ||
| Q2 24 | 14.2% | 29.5% | ||
| Q1 24 | 1.2% | 35.0% |
资本支出强度NHCPATH
| Q4 25 | 2.7% | 0.8% | ||
| Q3 25 | 2.5% | 0.0% | ||
| Q2 25 | 2.7% | 3.6% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 2.2% | 1.4% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 2.6% | 0.4% | ||
| Q1 24 | 2.0% | 0.9% |
现金转化率NHCPATH
| Q4 25 | 0.68× | 0.14× | ||
| Q3 25 | 1.69× | 26.25× | ||
| Q2 25 | 2.65× | — | ||
| Q1 25 | 1.22× | 2.82× | ||
| Q4 24 | 2.10× | — | ||
| Q3 24 | 0.80× | — | ||
| Q2 24 | 1.89× | — | ||
| Q1 24 | 0.37× | 4.29× |
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% |
PATH
| Subscription Services | $247.6M | 60% |
| License | $150.0M | 36% |
| Professional Services And Other | $13.5M | 3% |
