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Omada Health, Inc.（OMDA）与U S PHYSICAL THERAPY INC（USPH）财务数据对比。点击上方公司名可切换其他公司
U S PHYSICAL THERAPY INC的季度营收约是Omada Health, Inc.的3.0倍（$202.7M vs $68.0M）。U S PHYSICAL THERAPY INC净利率更高（2.0% vs -4.7%，领先6.7%）。U S PHYSICAL THERAPY INC自由现金流更多（$21.0M vs $9.6M）
Omada Health是美国头部数字化慢性病管理服务商，面向雇主、商业健康保险机构及医疗系统，提供针对2型糖尿病、高血压、肌肉骨骼疾病、心理健康等领域的个性化干预方案，搭配专业教练指导和数字化工具，助力用户改善长期健康水平。
该企业是美国领先的门诊康复服务提供商，运营数百间线下物理治疗门诊，为受伤、术后、慢性疼痛及行动障碍人群提供康复护理，同时覆盖运动医学、职业治疗、儿童康复等特色服务领域。
OMDA vs USPH — 直观对比
营收规模更大
USPH
是对方的3.0倍
$68.0M
净利率更高
USPH
高出6.7%
-4.7%
自由现金流更多
USPH
多$11.4M
$9.6M
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $68.0M | $202.7M |
| 净利润 | $-3.2M | $4.2M |
| 毛利率 | 66.3% | 19.8% |
| 营业利润率 | -3.7% | 8.3% |
| 净利率 | -4.7% | 2.0% |
| 营收同比 | — | 12.3% |
| 净利润同比 | — | -55.1% |
| 每股收益（稀释后） | $-0.06 | $-0.44 |
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OMDAUSPH
| Q4 25 | — | $202.7M | ||
| Q3 25 | $68.0M | $197.1M | ||
| Q2 25 | $61.4M | $197.3M | ||
| Q1 25 | — | $183.8M | ||
| Q4 24 | — | $180.4M | ||
| Q3 24 | — | $168.0M | ||
| Q2 24 | — | $167.2M | ||
| Q1 24 | — | $155.7M |
净利润OMDAUSPH
| Q4 25 | — | $4.2M | ||
| Q3 25 | $-3.2M | $13.1M | ||
| Q2 25 | $-5.3M | $12.4M | ||
| Q1 25 | — | $9.9M | ||
| Q4 24 | — | $9.2M | ||
| Q3 24 | — | $6.6M | ||
| Q2 24 | — | $7.5M | ||
| Q1 24 | — | $8.0M |
毛利率OMDAUSPH
| Q4 25 | — | 19.8% | ||
| Q3 25 | 66.3% | 18.7% | ||
| Q2 25 | 65.7% | 21.1% | ||
| Q1 25 | — | 16.9% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 17.3% | ||
| Q2 24 | — | 20.3% | ||
| Q1 24 | — | 18.2% |
营业利润率OMDAUSPH
| Q4 25 | — | 8.3% | ||
| Q3 25 | -3.7% | 12.8% | ||
| Q2 25 | -7.1% | 12.6% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | 9.6% |
净利率OMDAUSPH
| Q4 25 | — | 2.0% | ||
| Q3 25 | -4.7% | 6.7% | ||
| Q2 25 | -8.7% | 6.3% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 5.2% |
每股收益（稀释后）OMDAUSPH
| Q4 25 | — | $-0.44 | ||
| Q3 25 | $-0.06 | $0.48 | ||
| Q2 25 | $-0.24 | $0.58 | ||
| Q1 25 | — | $0.80 | ||
| Q4 24 | — | $0.52 | ||
| Q3 24 | — | $0.39 | ||
| Q2 24 | — | $0.47 | ||
| Q1 24 | — | $0.46 |
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 | $198.6M | $35.6M |
| 总债务越低越好 | $0 | — |
| 股东权益账面价值 | $217.3M | $476.4M |
| 总资产 | $287.5M | $1.2B |
| 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OMDAUSPH
| Q4 25 | — | $35.6M | ||
| Q3 25 | $198.6M | $31.1M | ||
| Q2 25 | $223.1M | $34.1M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | $41.4M | ||
| Q3 24 | — | $117.0M | ||
| Q2 24 | — | $112.9M | ||
| Q1 24 | — | $132.3M |
总债务OMDAUSPH
| Q4 25 | — | — | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $30.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益OMDAUSPH
| Q4 25 | — | $476.4M | ||
| Q3 25 | $217.3M | $503.6M | ||
| Q2 25 | $214.2M | $500.8M | ||
| Q1 25 | — | $497.3M | ||
| Q4 24 | — | $488.9M | ||
| Q3 24 | — | $482.8M | ||
| Q2 24 | — | $484.6M | ||
| Q1 24 | — | $479.8M |
总资产OMDAUSPH
| Q4 25 | — | $1.2B | ||
| Q3 25 | $287.5M | $1.2B | ||
| Q2 25 | $303.0M | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $1.0B |
负债/权益比OMDAUSPH
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $10.1M | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | $21.0M |
| 自由现金流率自由现金流/营收 | 14.1% | 10.4% |
| 资本支出强度资本支出/营收 | 0.8% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 6.00× |
| 过去12个月自由现金流最近4个季度 | — | $61.0M |
8季度趋势，按日历期对齐
经营现金流OMDAUSPH
| Q4 25 | — | $24.9M | ||
| Q3 25 | $10.1M | $19.9M | ||
| Q2 25 | $-13.3M | $34.9M | ||
| Q1 25 | — | $-4.7M | ||
| Q4 24 | — | $19.4M | ||
| Q3 24 | — | $22.1M | ||
| Q2 24 | — | $29.0M | ||
| Q1 24 | — | $4.4M |
自由现金流OMDAUSPH
| Q4 25 | — | $21.0M | ||
| Q3 25 | $9.6M | $15.6M | ||
| Q2 25 | $-13.8M | $31.6M | ||
| Q1 25 | — | $-7.3M | ||
| Q4 24 | — | $16.9M | ||
| Q3 24 | — | $19.6M | ||
| Q2 24 | — | $26.7M | ||
| Q1 24 | — | $2.6M |
自由现金流率OMDAUSPH
| Q4 25 | — | 10.4% | ||
| Q3 25 | 14.1% | 7.9% | ||
| Q2 25 | -22.6% | 16.0% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 1.7% |
资本支出强度OMDAUSPH
| Q4 25 | — | 1.9% | ||
| Q3 25 | 0.8% | 2.2% | ||
| Q2 25 | 1.0% | 1.6% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.2% |
现金转化率OMDAUSPH
| Q4 25 | — | 6.00× | ||
| Q3 25 | — | 1.52× | ||
| Q2 25 | — | 2.81× | ||
| Q1 25 | — | -0.47× | ||
| Q4 24 | — | 2.10× | ||
| Q3 24 | — | 3.34× | ||
| Q2 24 | — | 3.86× | ||
| Q1 24 | — | 0.55× |
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
OMDA
| Services | $62.9M | 93% |
| Hardware | $5.1M | 7% |
USPH
| Net Patient Revenues | $169.7M | 84% |
| Industrial Injury Prevention Services Revenues | $28.9M | 14% |
| Management Contract Revenues | $2.3M | 1% |
