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NATIONAL HEALTHCARE CORP（NHC）与PROGRESS SOFTWARE CORP（PRGS）财务数据对比。点击上方公司名可切换其他公司
NATIONAL HEALTHCARE CORP的季度营收约是PROGRESS SOFTWARE CORP的1.5倍（$386.5M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 6.4%，领先3.8%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 4.6%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $6.4M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
NHC vs PRGS — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.5M | $252.7M |
| 净利润 | $24.8M | $25.7M |
| 毛利率 | — | 81.6% |
| 营业利润率 | 8.6% | 15.2% |
| 净利率 | 6.4% | 10.2% |
| 营收同比 | 4.6% | 17.5% |
| 净利润同比 | 308.6% | 2144.6% |
| 每股收益（稀释后） | $1.58 | $0.59 |
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
| Q4 25 | $386.5M | $252.7M | ||
| Q3 25 | $382.7M | $249.8M | ||
| Q2 25 | $374.9M | $237.4M | ||
| Q1 25 | $373.7M | $238.0M | ||
| Q4 24 | $369.4M | $215.0M | ||
| Q3 24 | $340.2M | $178.7M | ||
| Q2 24 | $300.7M | $175.1M | ||
| Q1 24 | $297.2M | $184.7M |
| Q4 25 | $24.8M | $25.7M | ||
| Q3 25 | $39.2M | $19.4M | ||
| Q2 25 | $23.7M | $17.0M | ||
| Q1 25 | $32.2M | $10.9M | ||
| Q4 24 | $6.1M | $1.1M | ||
| Q3 24 | $42.8M | $28.5M | ||
| Q2 24 | $26.8M | $16.2M | ||
| Q1 24 | $26.2M | $22.6M |
| Q4 25 | — | 81.6% | ||
| Q3 25 | — | 81.0% | ||
| Q2 25 | — | 80.1% | ||
| Q1 25 | — | 80.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 83.7% | ||
| Q2 24 | — | 81.7% | ||
| Q1 24 | — | 82.2% |
| Q4 25 | 8.6% | 15.2% | ||
| Q3 25 | 7.9% | 17.6% | ||
| Q2 25 | 9.1% | 16.3% | ||
| Q1 25 | 8.2% | 13.6% | ||
| Q4 24 | 7.8% | 10.0% | ||
| Q3 24 | 6.7% | 22.6% | ||
| Q2 24 | 7.5% | 15.5% | ||
| Q1 24 | 5.3% | 19.0% |
| Q4 25 | 6.4% | 10.2% | ||
| Q3 25 | 10.3% | 7.8% | ||
| Q2 25 | 6.3% | 7.2% | ||
| Q1 25 | 8.6% | 4.6% | ||
| Q4 24 | 1.6% | 0.5% | ||
| Q3 24 | 12.6% | 15.9% | ||
| Q2 24 | 8.9% | 9.2% | ||
| Q1 24 | 8.8% | 12.3% |
| Q4 25 | $1.58 | $0.59 | ||
| Q3 25 | $2.50 | $0.44 | ||
| Q2 25 | $1.52 | $0.39 | ||
| Q1 25 | $2.07 | $0.24 | ||
| Q4 24 | $0.38 | $0.01 | ||
| Q3 24 | $2.73 | $0.65 | ||
| Q2 24 | $1.73 | $0.37 | ||
| Q1 24 | $1.69 | $0.51 |
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 | $94.8M |
| 总债务越低越好 | $40.0M | $1.4B |
| 股东权益账面价值 | $1.1B | $478.3M |
| 总资产 | $1.5B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.04× | 2.93× |
8季度趋势，按日历期对齐
| Q4 25 | $92.8M | $94.8M | ||
| Q3 25 | $130.6M | $99.0M | ||
| Q2 25 | $111.0M | $102.0M | ||
| Q1 25 | $90.4M | $124.2M | ||
| Q4 24 | $76.1M | $118.1M | ||
| Q3 24 | $84.8M | $232.7M | ||
| Q2 24 | $136.2M | $190.4M | ||
| Q1 24 | $94.0M | $133.2M |
| Q4 25 | $40.0M | $1.4B | ||
| Q3 25 | $73.1M | $1.4B | ||
| Q2 25 | $110.0M | $1.5B | ||
| Q1 25 | $134.0M | $1.5B | ||
| Q4 24 | $137.0M | $1.5B | ||
| Q3 24 | $147.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $478.3M | ||
| Q3 25 | $1.1B | $477.7M | ||
| Q2 25 | $1.0B | $452.7M | ||
| Q1 25 | $1.0B | $431.8M | ||
| Q4 24 | $980.2M | $438.8M | ||
| Q3 24 | $983.5M | $425.6M | ||
| Q2 24 | $945.8M | $401.7M | ||
| Q1 24 | $924.7M | $461.7M |
| Q4 25 | $1.5B | $2.5B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.5B | $2.5B | ||
| Q4 24 | $1.5B | $2.5B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.3B | $1.6B | ||
| Q1 24 | $1.3B | $1.5B |
| Q4 25 | 0.04× | 2.93× | ||
| Q3 25 | 0.07× | 2.97× | ||
| Q2 25 | 0.11× | 3.22× | ||
| Q1 25 | 0.13× | 3.50× | ||
| Q4 24 | 0.14× | 3.48× | ||
| 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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $59.9M |
| 自由现金流率自由现金流/营收 | 1.7% | 23.7% |
| 资本支出强度资本支出/营收 | 2.7% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.68× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $148.6M | $229.5M |
8季度趋势，按日历期对齐
| Q4 25 | $16.8M | $62.8M | ||
| Q3 25 | $66.2M | $73.4M | ||
| Q2 25 | $62.8M | $30.0M | ||
| Q1 25 | $39.3M | $68.9M | ||
| Q4 24 | $12.8M | $19.7M | ||
| Q3 24 | $34.2M | $57.7M | ||
| Q2 24 | $50.7M | $63.7M | ||
| Q1 24 | $9.6M | $70.5M |
| Q4 25 | $6.4M | $59.9M | ||
| Q3 25 | $56.5M | $72.4M | ||
| Q2 25 | $52.6M | $29.5M | ||
| Q1 25 | $33.1M | $67.7M | ||
| Q4 24 | $4.6M | $16.8M | ||
| Q3 24 | $28.6M | $56.6M | ||
| Q2 24 | $42.8M | $62.7M | ||
| Q1 24 | $3.7M | $70.2M |
| Q4 25 | 1.7% | 23.7% | ||
| Q3 25 | 14.8% | 29.0% | ||
| Q2 25 | 14.0% | 12.4% | ||
| Q1 25 | 8.9% | 28.4% | ||
| Q4 24 | 1.3% | 7.8% | ||
| Q3 24 | 8.4% | 31.7% | ||
| Q2 24 | 14.2% | 35.8% | ||
| Q1 24 | 1.2% | 38.0% |
| Q4 25 | 2.7% | 1.1% | ||
| Q3 25 | 2.5% | 0.4% | ||
| Q2 25 | 2.7% | 0.2% | ||
| Q1 25 | 1.6% | 0.5% | ||
| Q4 24 | 2.2% | 1.3% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 2.6% | 0.5% | ||
| Q1 24 | 2.0% | 0.2% |
| Q4 25 | 0.68× | 2.44× | ||
| Q3 25 | 1.69× | 3.78× | ||
| Q2 25 | 2.65× | 1.76× | ||
| Q1 25 | 1.22× | 6.30× | ||
| Q4 24 | 2.10× | 17.13× | ||
| Q3 24 | 0.80× | 2.03× | ||
| Q2 24 | 1.89× | 3.93× | ||
| Q1 24 | 0.37× | 3.11× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
