vs
NetApp（NTAP）与通用电气医疗（OPCH）财务数据对比。点击上方公司名可切换其他公司
NetApp的季度营收约是通用电气医疗的1.2倍（$1.7B vs $1.4B），NetApp净利率更高（17.9% vs 3.6%，领先14.3%），通用电气医疗同比增速更快（12.2% vs 2.8%），通用电气医疗自由现金流更多（$130.2M vs $78.0M），过去两年通用电气医疗的营收复合增速更高（13.0% vs 3.0%）
NetApp是总部位于美国加利福尼亚州圣何塞的企业级数据基础设施服务商，成立于1992年，2012至2021年连续入选《财富》世界500强。公司面向全球企业客户提供统一数据存储、集成数据服务及云运营解决方案，可满足线上线下全场景的应用与数据管理需求。
通用电气医疗是总部位于美国伊利诺伊州芝加哥的医疗科技企业，旗下设四大业务板块：医学影像（含分子成像、CT、磁共振、女性健康筛查及X线设备）、超声、患者护理解决方案（覆盖远程患者监测、麻醉呼吸护理、心脏病诊断、婴儿护理等）及制药相关业务。
NTAP vs OPCH — 直观对比
营收规模更大
NTAP
是对方的1.2倍
$1.4B
营收增速更快
OPCH
高出9.4%
2.8%
净利率更高
NTAP
高出14.3%
3.6%
自由现金流更多
OPCH
多$52.2M
$78.0M
两年增速更快
OPCH
近两年复合增速
3.0%
损益表 — Q2 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $305.0M | $51.8M |
| 毛利率 | 72.0% | 19.0% |
| 营业利润率 | 23.4% | 5.9% |
| 净利率 | 17.9% | 3.6% |
| 营收同比 | 2.8% | 12.2% |
| 净利润同比 | 2.0% | -3.8% |
| 每股收益（稀释后） | $1.51 | $0.32 |
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NTAPOPCH
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.6B | $1.1B |
净利润NTAPOPCH
| Q4 25 | $305.0M | — | ||
| Q3 25 | $233.0M | $51.8M | ||
| Q2 25 | $340.0M | $50.5M | ||
| Q1 25 | $299.0M | $46.7M | ||
| Q4 24 | $299.0M | $60.1M | ||
| Q3 24 | $248.0M | $53.9M | ||
| Q2 24 | $291.0M | $53.0M | ||
| Q1 24 | $313.0M | $44.8M |
毛利率NTAPOPCH
| Q4 25 | 72.0% | — | ||
| Q3 25 | 70.4% | 19.0% | ||
| Q2 25 | 68.9% | 19.0% | ||
| Q1 25 | 69.8% | 19.7% | ||
| Q4 24 | 71.0% | 21.3% | ||
| Q3 24 | 71.3% | 20.1% | ||
| Q2 24 | 70.5% | 20.3% | ||
| Q1 24 | 71.7% | 20.8% |
营业利润率NTAPOPCH
| Q4 25 | 23.4% | — | ||
| Q3 25 | 19.8% | 5.9% | ||
| Q2 25 | 20.1% | 5.8% | ||
| Q1 25 | 22.1% | 5.9% | ||
| Q4 24 | 20.8% | 6.9% | ||
| Q3 24 | 18.3% | 6.7% | ||
| Q2 24 | 21.9% | 6.6% | ||
| Q1 24 | 22.8% | 6.0% |
净利率NTAPOPCH
| Q4 25 | 17.9% | — | ||
| Q3 25 | 14.9% | 3.6% | ||
| Q2 25 | 19.6% | 3.6% | ||
| Q1 25 | 18.2% | 3.5% | ||
| Q4 24 | 18.0% | 4.8% | ||
| Q3 24 | 16.1% | 4.2% | ||
| Q2 24 | 17.4% | 4.3% | ||
| Q1 24 | 19.5% | 3.9% |
每股收益（稀释后）NTAPOPCH
| Q4 25 | $1.51 | — | ||
| Q3 25 | $1.15 | $0.32 | ||
| Q2 25 | $1.64 | $0.31 | ||
| Q1 25 | $1.44 | $0.28 | ||
| Q4 24 | $1.42 | $0.36 | ||
| Q3 24 | $1.17 | $0.31 | ||
| Q2 24 | $1.36 | $0.30 | ||
| Q1 24 | $1.48 | $0.26 |
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 | $3.0B | $309.8M |
| 总债务越低越好 | $2.5B | $1.2B |
| 股东权益账面价值 | $986.0M | $1.4B |
| 总资产 | $9.6B | $3.5B |
| 负债/权益比越低杠杆越低 | 2.52× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资NTAPOPCH
| Q4 25 | $3.0B | — | ||
| Q3 25 | $3.3B | $309.8M | ||
| Q2 25 | $3.8B | $198.8M | ||
| Q1 25 | $2.3B | $171.4M | ||
| Q4 24 | $2.2B | $412.6M | ||
| Q3 24 | $3.0B | $483.0M | ||
| Q2 24 | $3.3B | $376.9M | ||
| Q1 24 | $2.9B | $219.5M |
总债务NTAPOPCH
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | $1.2B | ||
| Q2 25 | $3.2B | $1.1B | ||
| Q1 25 | $2.0B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.4B | $1.1B |
股东权益NTAPOPCH
| Q4 25 | $986.0M | — | ||
| Q3 25 | $975.0M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $995.0M | $1.4B | ||
| Q4 24 | $892.0M | $1.4B | ||
| Q3 24 | $929.0M | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $994.0M | $1.4B |
总资产NTAPOPCH
| Q4 25 | $9.6B | — | ||
| Q3 25 | $9.7B | $3.5B | ||
| Q2 25 | $10.8B | $3.4B | ||
| Q1 25 | $9.0B | $3.3B | ||
| Q4 24 | $9.0B | $3.4B | ||
| Q3 24 | $9.3B | $3.4B | ||
| Q2 24 | $9.9B | $3.3B | ||
| Q1 24 | $9.4B | $3.2B |
负债/权益比NTAPOPCH
| Q4 25 | 2.52× | — | ||
| Q3 25 | 2.55× | 0.86× | ||
| Q2 25 | 3.11× | 0.82× | ||
| Q1 25 | 2.00× | 0.82× | ||
| Q4 24 | 2.23× | 0.79× | ||
| Q3 24 | 2.58× | 0.78× | ||
| Q2 24 | 2.09× | 0.79× | ||
| Q1 24 | 2.41× | 0.74× |
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 | $127.0M | $139.4M |
| 自由现金流经营现金流 - 资本支出 | $78.0M | $130.2M |
| 自由现金流率自由现金流/营收 | 4.6% | 9.1% |
| 资本支出强度资本支出/营收 | 2.9% | 0.6% |
| 现金转化率经营现金流/净利润 | 0.42× | 2.69× |
| 过去12个月自由现金流最近4个季度 | — | $220.7M |
8季度趋势，按日历期对齐
经营现金流NTAPOPCH
| Q4 25 | $127.0M | — | ||
| Q3 25 | $673.0M | $139.4M | ||
| Q2 25 | — | $90.3M | ||
| Q1 25 | $385.0M | $-7.2M | ||
| Q4 24 | — | $36.1M | ||
| Q3 24 | $341.0M | $160.4M | ||
| Q2 24 | $613.0M | $195.7M | ||
| Q1 24 | $484.0M | $-68.8M |
自由现金流NTAPOPCH
| Q4 25 | $78.0M | — | ||
| Q3 25 | $620.0M | $130.2M | ||
| Q2 25 | — | $81.2M | ||
| Q1 25 | $338.0M | $-16.6M | ||
| Q4 24 | — | $25.8M | ||
| Q3 24 | $300.0M | $150.7M | ||
| Q2 24 | $567.0M | $185.9M | ||
| Q1 24 | $448.0M | $-74.6M |
自由现金流率NTAPOPCH
| Q4 25 | 4.6% | — | ||
| Q3 25 | 39.8% | 9.1% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | 20.6% | -1.2% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | 19.5% | 11.8% | ||
| Q2 24 | 34.0% | 15.1% | ||
| Q1 24 | 27.9% | -6.5% |
资本支出强度NTAPOPCH
| Q4 25 | 2.9% | — | ||
| Q3 25 | 3.4% | 0.6% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 2.9% | 0.7% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 2.7% | 0.8% | ||
| Q2 24 | 2.8% | 0.8% | ||
| Q1 24 | 2.2% | 0.5% |
现金转化率NTAPOPCH
| Q4 25 | 0.42× | — | ||
| Q3 25 | 2.89× | 2.69× | ||
| Q2 25 | — | 1.79× | ||
| Q1 25 | 1.29× | -0.15× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | 1.38× | 2.98× | ||
| Q2 24 | 2.11× | 3.69× | ||
| Q1 24 | 1.55× | -1.54× |
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
NTAP
| Products | $788.0M | 46% |
| Support | $647.0M | 38% |
| Public Cloud Segment | $171.0M | 10% |
| Professional And Other Services | $99.0M | 6% |
OPCH
| Commercial Customer | $1.3B | 87% |
| Government Customer | $172.8M | 12% |
| Patient Customer | $10.1M | 1% |
| Corporate Joint Venture | $1.9M | 0% |
