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通用电气医疗（OPCH）与TRINET GROUP, INC.（TNET）财务数据对比。点击上方公司名可切换其他公司
通用电气医疗的季度营收约是TRINET GROUP, INC.的1.1倍（$1.4B vs $1.2B），通用电气医疗同比增速更快（12.2% vs -2.2%），通用电气医疗自由现金流更多（$130.2M vs $43.0M），过去两年通用电气医疗的营收复合增速更高（13.0% vs -0.6%）
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。
TriNet Group, Inc.是一家面向中小企业的专业雇主组织，总部位于加州都柏林，服务员工规模在3至2500人之间的各类机构。可提供薪资管理、健康福利管理服务，还能为客户提供劳动法规合规、风险降低相关咨询，可作为外包人力资源部门为企业分担人事相关事务。
OPCH vs TNET — 直观对比
营收规模更大
OPCH
是对方的1.1倍
$1.2B
营收增速更快
OPCH
高出14.4%
-2.2%
自由现金流更多
OPCH
多$87.2M
$43.0M
两年增速更快
OPCH
近两年复合增速
-0.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.2B |
| 净利润 | $51.8M | — |
| 毛利率 | 19.0% | — |
| 营业利润率 | 5.9% | 0.1% |
| 净利率 | 3.6% | — |
| 营收同比 | 12.2% | -2.2% |
| 净利润同比 | -3.8% | — |
| 每股收益（稀释后） | $0.32 | $0.02 |
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OPCHTNET
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.1B | $1.3B |
净利润OPCHTNET
| Q4 25 | — | — | ||
| Q3 25 | $51.8M | $34.0M | ||
| Q2 25 | $50.5M | $37.0M | ||
| Q1 25 | $46.7M | $85.0M | ||
| Q4 24 | $60.1M | — | ||
| Q3 24 | $53.9M | $45.0M | ||
| Q2 24 | $53.0M | $60.0M | ||
| Q1 24 | $44.8M | $91.0M |
毛利率OPCHTNET
| Q4 25 | — | — | ||
| Q3 25 | 19.0% | — | ||
| Q2 25 | 19.0% | — | ||
| Q1 25 | 19.7% | — | ||
| Q4 24 | 21.3% | — | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 20.3% | — | ||
| Q1 24 | 20.8% | — |
营业利润率OPCHTNET
| Q4 25 | — | 0.1% | ||
| Q3 25 | 5.9% | 4.1% | ||
| Q2 25 | 5.8% | 4.1% | ||
| Q1 25 | 5.9% | 8.9% | ||
| Q4 24 | 6.9% | -2.9% | ||
| Q3 24 | 6.7% | 4.7% | ||
| Q2 24 | 6.6% | 6.5% | ||
| Q1 24 | 6.0% | 9.7% |
净利率OPCHTNET
| Q4 25 | — | — | ||
| Q3 25 | 3.6% | 2.8% | ||
| Q2 25 | 3.6% | 3.0% | ||
| Q1 25 | 3.5% | 6.6% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 4.2% | 3.6% | ||
| Q2 24 | 4.3% | 4.9% | ||
| Q1 24 | 3.9% | 7.2% |
每股收益（稀释后）OPCHTNET
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.32 | $0.70 | ||
| Q2 25 | $0.31 | $0.77 | ||
| Q1 25 | $0.28 | $1.71 | ||
| Q4 24 | $0.36 | $-0.44 | ||
| Q3 24 | $0.31 | $0.89 | ||
| Q2 24 | $0.30 | $1.20 | ||
| Q1 24 | $0.26 | $1.78 |
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 | $309.8M | $287.0M |
| 总债务越低越好 | $1.2B | — |
| 股东权益账面价值 | $1.4B | $54.0M |
| 总资产 | $3.5B | $3.8B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资OPCHTNET
| Q4 25 | — | $287.0M | ||
| Q3 25 | $309.8M | $321.0M | ||
| Q2 25 | $198.8M | $407.0M | ||
| Q1 25 | $171.4M | $349.0M | ||
| Q4 24 | $412.6M | $360.0M | ||
| Q3 24 | $483.0M | $301.0M | ||
| Q2 24 | $376.9M | $249.0M | ||
| Q1 24 | $219.5M | $383.0M |
总债务OPCHTNET
| Q4 25 | — | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
股东权益OPCHTNET
| Q4 25 | — | $54.0M | ||
| Q3 25 | $1.4B | $110.0M | ||
| Q2 25 | $1.4B | $107.0M | ||
| Q1 25 | $1.4B | $63.0M | ||
| Q4 24 | $1.4B | $69.0M | ||
| Q3 24 | $1.4B | $129.0M | ||
| Q2 24 | $1.4B | $100.0M | ||
| Q1 24 | $1.4B | $143.0M |
总资产OPCHTNET
| Q4 25 | — | $3.8B | ||
| Q3 25 | $3.5B | $3.4B | ||
| Q2 25 | $3.4B | $3.7B | ||
| Q1 25 | $3.3B | $3.8B | ||
| Q4 24 | $3.4B | $4.1B | ||
| Q3 24 | $3.4B | $3.7B | ||
| Q2 24 | $3.3B | $3.7B | ||
| Q1 24 | $3.2B | $4.0B |
负债/权益比OPCHTNET
| Q4 25 | — | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.82× | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 0.79× | — | ||
| Q1 24 | 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 | $139.4M | $61.0M |
| 自由现金流经营现金流 - 资本支出 | $130.2M | $43.0M |
| 自由现金流率自由现金流/营收 | 9.1% | 3.4% |
| 资本支出强度资本支出/营收 | 0.6% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.69× | — |
| 过去12个月自由现金流最近4个季度 | $220.7M | $234.0M |
8季度趋势，按日历期对齐
经营现金流OPCHTNET
| Q4 25 | — | $61.0M | ||
| Q3 25 | $139.4M | $72.0M | ||
| Q2 25 | $90.3M | $75.0M | ||
| Q1 25 | $-7.2M | $95.0M | ||
| Q4 24 | $36.1M | $65.0M | ||
| Q3 24 | $160.4M | $84.0M | ||
| Q2 24 | $195.7M | $39.0M | ||
| Q1 24 | $-68.8M | $91.0M |
自由现金流OPCHTNET
| Q4 25 | — | $43.0M | ||
| Q3 25 | $130.2M | $55.0M | ||
| Q2 25 | $81.2M | $57.0M | ||
| Q1 25 | $-16.6M | $79.0M | ||
| Q4 24 | $25.8M | $47.0M | ||
| Q3 24 | $150.7M | $59.0M | ||
| Q2 24 | $185.9M | $22.0M | ||
| Q1 24 | $-74.6M | $73.0M |
自由现金流率OPCHTNET
| Q4 25 | — | 3.4% | ||
| Q3 25 | 9.1% | 4.5% | ||
| Q2 25 | 5.7% | 4.6% | ||
| Q1 25 | -1.2% | 6.1% | ||
| Q4 24 | 2.0% | 3.7% | ||
| Q3 24 | 11.8% | 4.8% | ||
| Q2 24 | 15.1% | 1.8% | ||
| Q1 24 | -6.5% | 5.8% |
资本支出强度OPCHTNET
| Q4 25 | — | 1.4% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 0.6% | 1.5% | ||
| Q1 25 | 0.7% | 1.2% | ||
| Q4 24 | 0.8% | 1.4% | ||
| Q3 24 | 0.8% | 2.0% | ||
| Q2 24 | 0.8% | 1.4% | ||
| Q1 24 | 0.5% | 1.4% |
现金转化率OPCHTNET
| Q4 25 | — | — | ||
| Q3 25 | 2.69× | 2.12× | ||
| Q2 25 | 1.79× | 2.03× | ||
| Q1 25 | -0.15× | 1.12× | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 2.98× | 1.87× | ||
| Q2 24 | 3.69× | 0.65× | ||
| Q1 24 | -1.54× | 1.00× |
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
OPCH
| Commercial Customer | $1.3B | 87% |
| Government Customer | $172.8M | 12% |
| Patient Customer | $10.1M | 1% |
| Corporate Joint Venture | $1.9M | 0% |
TNET
| Insurance Services | $1.1B | 85% |
| Professional Services | $169.0M | 14% |
