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Orthofix Medical Inc.（OFIX）与Cactus, Inc.（WHD）财务数据对比。点击上方公司名可切换其他公司
Cactus, Inc.的季度营收约是Orthofix Medical Inc.的1.2倍（$261.2M vs $219.9M），Cactus, Inc.净利率更高（15.3% vs -1.0%，领先16.3%），Orthofix Medical Inc.同比增速更快（2.0% vs -4.0%），过去两年Orthofix Medical Inc.的营收复合增速更高（8.0% vs -2.4%）
Orthofix医疗是全球知名骨科医疗器械企业，专注于研发、生产及销售脊柱植入物、骨科创伤产品、骨生长刺激治疗设备及再生医疗产品，服务全球多地的骨科医师与医疗机构，致力于提升肌肉骨骼疾病患者的诊疗效果。
Cactus, Inc.旗下拥有Cactus Club Cafe，是源自加拿大不列颠哥伦比亚省北温哥华的高端休闲连锁餐饮品牌。目前品牌已在加拿大全境布局34家门店，覆盖不列颠哥伦比亚、阿尔伯塔、萨斯喀彻温、安大略等省份，同时在美国也设有门店，主打高品质休闲餐饮体验。
OFIX vs WHD — 直观对比
营收规模更大
WHD
是对方的1.2倍
$219.9M
营收增速更快
OFIX
高出6.0%
-4.0%
净利率更高
WHD
高出16.3%
-1.0%
两年增速更快
OFIX
近两年复合增速
-2.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $219.9M | $261.2M |
| 净利润 | $-2.2M | $39.8M |
| 毛利率 | 71.1% | 36.2% |
| 营业利润率 | 0.2% | 22.9% |
| 净利率 | -1.0% | 15.3% |
| 营收同比 | 2.0% | -4.0% |
| 净利润同比 | 92.4% | -14.7% |
| 每股收益（稀释后） | $-0.05 | — |
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OFIXWHD
| Q4 25 | $219.9M | $261.2M | ||
| Q3 25 | $205.6M | $264.0M | ||
| Q2 25 | $203.1M | $273.6M | ||
| Q1 25 | $193.6M | $280.3M | ||
| Q4 24 | $215.7M | $272.1M | ||
| Q3 24 | $196.6M | $293.2M | ||
| Q2 24 | $198.6M | $290.4M | ||
| Q1 24 | $188.6M | $274.1M |
净利润OFIXWHD
| Q4 25 | $-2.2M | $39.8M | ||
| Q3 25 | $-22.8M | $41.6M | ||
| Q2 25 | $-14.1M | $40.3M | ||
| Q1 25 | $-53.1M | $44.2M | ||
| Q4 24 | $-29.1M | $46.7M | ||
| Q3 24 | $-27.4M | $49.9M | ||
| Q2 24 | $-33.4M | $49.8M | ||
| Q1 24 | $-36.0M | $39.0M |
毛利率OFIXWHD
| Q4 25 | 71.1% | 36.2% | ||
| Q3 25 | 72.2% | 36.8% | ||
| Q2 25 | 68.7% | 36.6% | ||
| Q1 25 | 62.8% | 38.4% | ||
| Q4 24 | 69.0% | 37.8% | ||
| Q3 24 | 68.7% | 39.0% | ||
| Q2 24 | 67.8% | 39.2% | ||
| Q1 24 | 67.5% | 38.4% |
营业利润率OFIXWHD
| Q4 25 | 0.2% | 22.9% | ||
| Q3 25 | -8.3% | 23.2% | ||
| Q2 25 | -7.9% | 22.2% | ||
| Q1 25 | -25.2% | 24.5% | ||
| Q4 24 | -5.3% | 25.9% | ||
| Q3 24 | -9.6% | 26.2% | ||
| Q2 24 | -12.5% | 27.5% | ||
| Q1 24 | -15.6% | 22.8% |
净利率OFIXWHD
| Q4 25 | -1.0% | 15.3% | ||
| Q3 25 | -11.1% | 15.8% | ||
| Q2 25 | -6.9% | 14.7% | ||
| Q1 25 | -27.4% | 15.8% | ||
| Q4 24 | -13.5% | 17.2% | ||
| Q3 24 | -13.9% | 17.0% | ||
| Q2 24 | -16.8% | 17.2% | ||
| Q1 24 | -19.1% | 14.2% |
每股收益（稀释后）OFIXWHD
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.57 | — | ||
| Q2 25 | $-0.36 | — | ||
| Q1 25 | $-1.35 | — | ||
| Q4 24 | $-0.76 | — | ||
| Q3 24 | $-0.71 | — | ||
| Q2 24 | $-0.88 | — | ||
| Q1 24 | $-0.95 | — |
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 | $82.0M | $123.6M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $450.0M | $1.2B |
| 总资产 | $850.6M | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资OFIXWHD
| Q4 25 | $82.0M | $123.6M | ||
| Q3 25 | $62.9M | $445.6M | ||
| Q2 25 | $65.6M | $405.2M | ||
| Q1 25 | $58.0M | $347.7M | ||
| Q4 24 | $83.2M | $342.8M | ||
| Q3 24 | $30.1M | $303.4M | ||
| Q2 24 | $26.4M | $246.5M | ||
| Q1 24 | $27.0M | $194.3M |
总债务OFIXWHD
| Q4 25 | — | $0 | ||
| Q3 25 | $157.2M | $0 | ||
| Q2 25 | $157.0M | $0 | ||
| Q1 25 | $156.9M | $0 | ||
| Q4 24 | $157.0M | $0 | ||
| Q3 24 | $118.5M | $0 | ||
| Q2 24 | $118.0M | $0 | ||
| Q1 24 | $118.2M | $0 |
股东权益OFIXWHD
| Q4 25 | $450.0M | $1.2B | ||
| Q3 25 | $442.5M | $1.2B | ||
| Q2 25 | $458.3M | $1.1B | ||
| Q1 25 | $458.3M | $1.1B | ||
| Q4 24 | $503.1M | $1.1B | ||
| Q3 24 | $525.9M | $1.0B | ||
| Q2 24 | $546.0M | $954.7M | ||
| Q1 24 | $570.3M | $893.4M |
总资产OFIXWHD
| Q4 25 | $850.6M | $1.9B | ||
| Q3 25 | $832.6M | $1.9B | ||
| Q2 25 | $837.2M | $1.8B | ||
| Q1 25 | $823.1M | $1.8B | ||
| Q4 24 | $893.3M | $1.7B | ||
| Q3 24 | $867.9M | $1.7B | ||
| Q2 24 | $882.0M | $1.6B | ||
| Q1 24 | $906.0M | $1.6B |
负债/权益比OFIXWHD
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.36× | 0.00× | ||
| Q2 25 | 0.34× | 0.00× | ||
| Q1 25 | 0.34× | 0.00× | ||
| Q4 24 | 0.31× | 0.00× | ||
| Q3 24 | 0.23× | 0.00× | ||
| Q2 24 | 0.22× | 0.00× | ||
| Q1 24 | 0.21× | 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 | $27.7M | $72.3M |
| 自由现金流经营现金流 - 资本支出 | $16.8M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 4.9% | — |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-1.3M | — |
8季度趋势，按日历期对齐
经营现金流OFIXWHD
| Q4 25 | $27.7M | $72.3M | ||
| Q3 25 | $12.4M | $61.8M | ||
| Q2 25 | $11.6M | $82.8M | ||
| Q1 25 | $-18.4M | $41.5M | ||
| Q4 24 | $23.7M | $66.6M | ||
| Q3 24 | $11.7M | $85.3M | ||
| Q2 24 | $9.0M | $78.0M | ||
| Q1 24 | $-18.6M | $86.3M |
自由现金流OFIXWHD
| Q4 25 | $16.8M | — | ||
| Q3 25 | $2.5M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $-25.1M | — | ||
| Q4 24 | $15.2M | — | ||
| Q3 24 | $6.3M | — | ||
| Q2 24 | $-360.0K | — | ||
| Q1 24 | $-29.1M | — |
自由现金流率OFIXWHD
| Q4 25 | 7.6% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | -13.0% | — | ||
| Q4 24 | 7.0% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | -0.2% | — | ||
| Q1 24 | -15.4% | — |
资本支出强度OFIXWHD
| Q4 25 | 4.9% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 3.5% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 5.6% | — |
现金转化率OFIXWHD
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.48× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.71× | ||
| Q2 24 | — | 1.56× | ||
| Q1 24 | — | 2.21× |
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
OFIX
| Spinal Implants Biologics And Enabling Technologies | $113.6M | 52% |
| Bone Growth Therapies | $68.3M | 31% |
| Other | $22.7M | 10% |
| IT | $5.9M | 3% |
| GB | $3.5M | 2% |
| FR | $3.5M | 2% |
| DE | $2.3M | 1% |
WHD
| Products | $201.4M | 77% |
| Other | $40.8M | 16% |
| Rental Revenue | $19.0M | 7% |
