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Nextpower Inc.（NXT）与Surgery Partners, Inc.（SGRY）财务数据对比。点击上方公司名可切换其他公司
Nextpower Inc.的季度营收约是Surgery Partners, Inc.的1.0倍（$909.4M vs $885.0M），Nextpower Inc.净利率更高（14.4% vs -1.7%，领先16.1%），Nextpower Inc.同比增速更快（33.9% vs 2.4%），Nextpower Inc.自由现金流更多（$118.5M vs $90.6M），过去两年Nextpower Inc.的营收复合增速更高（11.1% vs 11.1%）
Nextpower Inc（股票代码：NXT）是一家总部位于美国加利福尼亚州弗里蒙特市的全球化能源科技企业，专注于为全球市场提供先进的能源技术解决方案及相关服务，业务覆盖全球多个国家和地区，在能源技术领域拥有较强的技术积累与市场竞争力。
Surgery Partners, Inc.（NASDAQ代码：SGRY）旗下的United Surgical Partners International（USPI）是美国领先的日间手术护理服务商，总部位于得克萨斯州达拉斯，由唐·斯廷于1998年创立，专注于为患者提供便捷、高效的门诊外科医疗服务，运营多家合规手术中心，覆盖美国多地医疗需求场景。
NXT vs SGRY — 直观对比
营收规模更大
NXT
是对方的1.0倍
$885.0M
营收增速更快
NXT
高出31.5%
2.4%
净利率更高
NXT
高出16.1%
-1.7%
自由现金流更多
NXT
多$27.9M
$90.6M
两年增速更快
NXT
近两年复合增速
11.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $909.4M | $885.0M |
| 净利润 | $131.2M | $-15.0M |
| 毛利率 | 31.7% | — |
| 营业利润率 | 19.4% | 12.5% |
| 净利率 | 14.4% | -1.7% |
| 营收同比 | 33.9% | 2.4% |
| 净利润同比 | 13.8% | 86.2% |
| 每股收益（稀释后） | $0.85 | $-0.11 |
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NXTSGRY
| Q4 25 | $909.4M | $885.0M | ||
| Q3 25 | $905.3M | $821.5M | ||
| Q2 25 | $864.3M | $826.2M | ||
| Q1 25 | $924.3M | $776.0M | ||
| Q4 24 | $679.4M | $864.4M | ||
| Q3 24 | $635.6M | $770.4M | ||
| Q2 24 | $719.9M | $762.1M | ||
| Q1 24 | $736.5M | $717.4M |
净利润NXTSGRY
| Q4 25 | $131.2M | $-15.0M | ||
| Q3 25 | $146.9M | $-22.7M | ||
| Q2 25 | $157.2M | $-2.5M | ||
| Q1 25 | $156.8M | $-37.7M | ||
| Q4 24 | $115.3M | $-108.5M | ||
| Q3 24 | $115.4M | $-31.7M | ||
| Q2 24 | $121.7M | $-15.5M | ||
| Q1 24 | $205.2M | $-12.4M |
毛利率NXTSGRY
| Q4 25 | 31.7% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 32.6% | — | ||
| Q1 25 | 33.1% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 33.0% | — | ||
| Q1 24 | 46.2% | — |
营业利润率NXTSGRY
| Q4 25 | 19.4% | 12.5% | ||
| Q3 25 | 20.0% | 12.9% | ||
| Q2 25 | 21.5% | 13.5% | ||
| Q1 25 | 21.1% | 8.0% | ||
| Q4 24 | 22.1% | 14.7% | ||
| Q3 24 | 21.0% | 7.9% | ||
| Q2 24 | 22.2% | 11.1% | ||
| Q1 24 | 36.8% | 10.6% |
净利率NXTSGRY
| Q4 25 | 14.4% | -1.7% | ||
| Q3 25 | 16.2% | -2.8% | ||
| Q2 25 | 18.2% | -0.3% | ||
| Q1 25 | 17.0% | -4.9% | ||
| Q4 24 | 17.0% | -12.6% | ||
| Q3 24 | 18.2% | -4.1% | ||
| Q2 24 | 16.9% | -2.0% | ||
| Q1 24 | 27.9% | -1.7% |
每股收益（稀释后）NXTSGRY
| Q4 25 | $0.85 | $-0.11 | ||
| Q3 25 | $0.97 | $-0.18 | ||
| Q2 25 | $1.04 | $-0.02 | ||
| Q1 25 | $1.05 | $-0.30 | ||
| Q4 24 | $0.79 | $-0.86 | ||
| Q3 24 | $0.79 | $-0.25 | ||
| Q2 24 | $0.84 | $-0.12 | ||
| Q1 24 | $1.52 | $-0.10 |
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 | $952.6M | $239.9M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $2.2B | $1.7B |
| 总资产 | $3.8B | $8.1B |
| 负债/权益比越低杠杆越低 | — | 2.10× |
8季度趋势，按日历期对齐
现金及短期投资NXTSGRY
| Q4 25 | $952.6M | $239.9M | ||
| Q3 25 | $845.3M | $203.4M | ||
| Q2 25 | $743.4M | $250.1M | ||
| Q1 25 | $766.1M | $229.3M | ||
| Q4 24 | $693.5M | $269.5M | ||
| Q3 24 | $561.9M | $221.8M | ||
| Q2 24 | $471.9M | $213.5M | ||
| Q1 24 | $474.1M | $185.2M |
总债务NXTSGRY
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.5B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $2.8B |
股东权益NXTSGRY
| Q4 25 | $2.2B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.3B | $1.9B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $961.0M | $2.0B |
总资产NXTSGRY
| Q4 25 | $3.8B | $8.1B | ||
| Q3 25 | $3.7B | $7.9B | ||
| Q2 25 | $3.4B | $8.0B | ||
| Q1 25 | $3.2B | $7.9B | ||
| Q4 24 | $3.0B | $7.9B | ||
| Q3 24 | $2.8B | $7.5B | ||
| Q2 24 | $2.6B | $7.5B | ||
| Q1 24 | $2.5B | $7.0B |
负债/权益比NXTSGRY
| Q4 25 | — | 2.10× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | — | 1.98× | ||
| Q1 25 | — | 1.98× | ||
| Q4 24 | — | 1.83× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 1.42× |
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 | $123.3M | $103.4M |
| 自由现金流经营现金流 - 资本支出 | $118.5M | $90.6M |
| 自由现金流率自由现金流/营收 | 13.0% | 10.2% |
| 资本支出强度资本支出/营收 | 0.5% | 1.4% |
| 现金转化率经营现金流/净利润 | 0.94× | — |
| 过去12个月自由现金流最近4个季度 | $587.3M | $195.6M |
8季度趋势，按日历期对齐
经营现金流NXTSGRY
| Q4 25 | $123.3M | $103.4M | ||
| Q3 25 | $186.9M | $83.6M | ||
| Q2 25 | $81.3M | $81.3M | ||
| Q1 25 | $237.3M | $6.0M | ||
| Q4 24 | $143.8M | $111.4M | ||
| Q3 24 | $153.8M | $65.2M | ||
| Q2 24 | $120.8M | $82.8M | ||
| Q1 24 | $111.5M | $40.7M |
自由现金流NXTSGRY
| Q4 25 | $118.5M | $90.6M | ||
| Q3 25 | $171.4M | $63.8M | ||
| Q2 25 | $70.1M | $57.9M | ||
| Q1 25 | $227.2M | $-16.7M | ||
| Q4 24 | $134.9M | $89.1M | ||
| Q3 24 | $141.8M | $45.0M | ||
| Q2 24 | $118.0M | $55.9M | ||
| Q1 24 | $109.2M | $19.7M |
自由现金流率NXTSGRY
| Q4 25 | 13.0% | 10.2% | ||
| Q3 25 | 18.9% | 7.8% | ||
| Q2 25 | 8.1% | 7.0% | ||
| Q1 25 | 24.6% | -2.2% | ||
| Q4 24 | 19.9% | 10.3% | ||
| Q3 24 | 22.3% | 5.8% | ||
| Q2 24 | 16.4% | 7.3% | ||
| Q1 24 | 14.8% | 2.7% |
资本支出强度NXTSGRY
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 1.7% | 2.4% | ||
| Q2 25 | 1.3% | 2.8% | ||
| Q1 25 | 1.1% | 2.9% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 1.9% | 2.6% | ||
| Q2 24 | 0.4% | 3.5% | ||
| Q1 24 | 0.3% | 2.9% |
现金转化率NXTSGRY
| Q4 25 | 0.94× | — | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 0.99× | — | ||
| Q1 24 | 0.54× | — |
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
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 16% |
SGRY
| Private Insurance | $460.5M | 52% |
| Government Revenue | $368.6M | 42% |
| Other | $19.8M | 2% |
| Self Pay Revenue | $19.6M | 2% |
| Other Patient Service Revenue Sources | $16.5M | 2% |
