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NATIONAL HEALTHCARE CORP（NHC）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.7倍（$386.5M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 4.6%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $6.4M），过去两年NATIONAL HEALTHCARE CORP的营收复合增速更高（14.0% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
NHC vs ROCK — 直观对比
营收规模更大
NHC
是对方的1.7倍
$225.0M
营收增速更快
ROCK
高出20.3%
4.6%
自由现金流更多
ROCK
多$19.8M
$6.4M
两年增速更快
NHC
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $386.5M | $225.0M |
| 净利润 | $24.8M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 8.6% | 7.9% |
| 净利率 | 6.4% | — |
| 营收同比 | 4.6% | 24.9% |
| 净利润同比 | 308.6% | — |
| 每股收益（稀释后） | $1.58 | — |
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NHCROCK
| Q4 25 | $386.5M | $225.0M | ||
| Q3 25 | $382.7M | $310.9M | ||
| Q2 25 | $374.9M | $309.5M | ||
| Q1 25 | $373.7M | $290.0M | ||
| Q4 24 | $369.4M | $180.1M | ||
| Q3 24 | $340.2M | $277.1M | ||
| Q2 24 | $300.7M | $273.6M | ||
| Q1 24 | $297.2M | $292.5M |
净利润NHCROCK
| Q4 25 | $24.8M | — | ||
| Q3 25 | $39.2M | $-89.1M | ||
| Q2 25 | $23.7M | $26.0M | ||
| Q1 25 | $32.2M | $21.1M | ||
| Q4 24 | $6.1M | — | ||
| Q3 24 | $42.8M | $34.0M | ||
| Q2 24 | $26.8M | $32.2M | ||
| Q1 24 | $26.2M | $24.9M |
毛利率NHCROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率NHCROCK
| Q4 25 | 8.6% | 7.9% | ||
| Q3 25 | 7.9% | 12.8% | ||
| Q2 25 | 9.1% | 12.8% | ||
| Q1 25 | 8.2% | 8.8% | ||
| Q4 24 | 7.8% | 13.3% | ||
| Q3 24 | 6.7% | 15.6% | ||
| Q2 24 | 7.5% | 14.9% | ||
| Q1 24 | 5.3% | 10.8% |
净利率NHCROCK
| Q4 25 | 6.4% | — | ||
| Q3 25 | 10.3% | -28.6% | ||
| Q2 25 | 6.3% | 8.4% | ||
| Q1 25 | 8.6% | 7.3% | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 12.6% | 12.3% | ||
| Q2 24 | 8.9% | 11.8% | ||
| Q1 24 | 8.8% | 8.5% |
每股收益（稀释后）NHCROCK
| Q4 25 | $1.58 | — | ||
| Q3 25 | $2.50 | $-2.98 | ||
| Q2 25 | $1.52 | $0.87 | ||
| Q1 25 | $2.07 | — | ||
| Q4 24 | $0.38 | — | ||
| Q3 24 | $2.73 | $1.11 | ||
| Q2 24 | $1.73 | $1.05 | ||
| Q1 24 | $1.69 | — |
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 | $115.7M |
| 总债务越低越好 | $40.0M | $0 |
| 股东权益账面价值 | $1.1B | $950.4M |
| 总资产 | $1.5B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资NHCROCK
| Q4 25 | $92.8M | $115.7M | ||
| Q3 25 | $130.6M | $89.4M | ||
| Q2 25 | $111.0M | $43.3M | ||
| Q1 25 | $90.4M | $25.1M | ||
| Q4 24 | $76.1M | $269.5M | ||
| Q3 24 | $84.8M | $228.9M | ||
| Q2 24 | $136.2M | $179.1M | ||
| Q1 24 | $94.0M | $146.7M |
总债务NHCROCK
| Q4 25 | $40.0M | $0 | ||
| Q3 25 | $73.1M | $0 | ||
| Q2 25 | $110.0M | $0 | ||
| Q1 25 | $134.0M | $0 | ||
| Q4 24 | $137.0M | $0 | ||
| Q3 24 | $147.0M | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益NHCROCK
| Q4 25 | $1.1B | $950.4M | ||
| Q3 25 | $1.1B | $951.8M | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $980.2M | $1.0B | ||
| Q3 24 | $983.5M | $1.0B | ||
| Q2 24 | $945.8M | $975.7M | ||
| Q1 24 | $924.7M | $940.2M |
总资产NHCROCK
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $1.3B |
负债/权益比NHCROCK
| Q4 25 | 0.04× | 0.00× | ||
| Q3 25 | 0.07× | 0.00× | ||
| Q2 25 | 0.11× | 0.00× | ||
| Q1 25 | 0.13× | 0.00× | ||
| Q4 24 | 0.14× | 0.00× | ||
| Q3 24 | 0.15× | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $6.4M | $26.2M |
| 自由现金流率自由现金流/营收 | 1.7% | 11.7% |
| 资本支出强度资本支出/营收 | 2.7% | 4.1% |
| 现金转化率经营现金流/净利润 | 0.68× | — |
| 过去12个月自由现金流最近4个季度 | $148.6M | $120.6M |
8季度趋势，按日历期对齐
经营现金流NHCROCK
| Q4 25 | $16.8M | $35.5M | ||
| Q3 25 | $66.2M | $73.0M | ||
| Q2 25 | $62.8M | $44.9M | ||
| Q1 25 | $39.3M | $13.7M | ||
| Q4 24 | $12.8M | $19.9M | ||
| Q3 24 | $34.2M | $64.7M | ||
| Q2 24 | $50.7M | $36.5M | ||
| Q1 24 | $9.6M | $53.2M |
自由现金流NHCROCK
| Q4 25 | $6.4M | $26.2M | ||
| Q3 25 | $56.5M | $64.8M | ||
| Q2 25 | $52.6M | $27.3M | ||
| Q1 25 | $33.1M | $2.3M | ||
| Q4 24 | $4.6M | $14.1M | ||
| Q3 24 | $28.6M | $60.5M | ||
| Q2 24 | $42.8M | $33.5M | ||
| Q1 24 | $3.7M | $48.8M |
自由现金流率NHCROCK
| Q4 25 | 1.7% | 11.7% | ||
| Q3 25 | 14.8% | 20.8% | ||
| Q2 25 | 14.0% | 8.8% | ||
| Q1 25 | 8.9% | 0.8% | ||
| Q4 24 | 1.3% | 7.8% | ||
| Q3 24 | 8.4% | 21.8% | ||
| Q2 24 | 14.2% | 12.2% | ||
| Q1 24 | 1.2% | 16.7% |
资本支出强度NHCROCK
| Q4 25 | 2.7% | 4.1% | ||
| Q3 25 | 2.5% | 2.6% | ||
| Q2 25 | 2.7% | 5.7% | ||
| Q1 25 | 1.6% | 3.9% | ||
| Q4 24 | 2.2% | 3.3% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 2.6% | 1.1% | ||
| Q1 24 | 2.0% | 1.5% |
现金转化率NHCROCK
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.69× | — | ||
| Q2 25 | 2.65× | 1.73× | ||
| Q1 25 | 1.22× | 0.65× | ||
| Q4 24 | 2.10× | — | ||
| Q3 24 | 0.80× | 1.90× | ||
| Q2 24 | 1.89× | 1.13× | ||
| Q1 24 | 0.37× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
