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Oscar Health, Inc.（OSCR）与EchoStar CORP（SATS）财务数据对比。点击上方公司名可切换其他公司
EchoStar CORP的季度营收约是Oscar Health, Inc.的1.4倍（$3.8B vs $2.8B），EchoStar CORP净利率更高（-31.8% vs -3933.2%，领先3901.4%），Oscar Health, Inc.同比增速更快（17.3% vs -4.3%），Oscar Health, Inc.自由现金流更多（$1.1B vs $-583.4M），过去两年Oscar Health, Inc.的营收复合增速更高（14.4% vs -2.8%）
奥斯卡健康（Oscar Health, Inc.）是美国营利性健康保险公司，2012年由约书亚·库什纳、凯文·纳泽米与马里奥·施洛瑟联合创立，总部设于纽约市。公司深耕健康保险领域，依托远程医疗、医疗专属技术界面及透明的理赔定价体系，帮助患者更便捷地享受医疗相关服务。
EchoStar Corp曾于2004年至2011年与TiVo公司发生专利纠纷，TiVo主张前者侵犯其DVR技术相关专利。该案先后由美国得克萨斯州东区联邦地区法院、联邦巡回上诉法院审理，涉及专利侵权判定、禁令条款、侵权产品改造、藐视法庭裁定及处罚等多个争议点。
OSCR vs SATS — 直观对比
营收规模更大
SATS
是对方的1.4倍
$2.8B
营收增速更快
OSCR
高出21.6%
-4.3%
净利率更高
SATS
高出3901.4%
-3933.2%
自由现金流更多
OSCR
多$1.6B
$-583.4M
两年增速更快
OSCR
近两年复合增速
-2.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.8B | $3.8B |
| 净利润 | $-352.6M | $-1.2B |
| 毛利率 | — | — |
| 营业利润率 | -3722.8% | -20.5% |
| 净利率 | -3933.2% | -31.8% |
| 营收同比 | 17.3% | -4.3% |
| 净利润同比 | -129.6% | -460.1% |
| 每股收益（稀释后） | $-1.19 | $-4.27 |
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OSCRSATS
| Q4 25 | $2.8B | $3.8B | ||
| Q3 25 | $3.0B | $3.6B | ||
| Q2 25 | $2.9B | $3.7B | ||
| Q1 25 | $3.0B | $3.9B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.4B | $3.9B | ||
| Q2 24 | $2.2B | $4.0B | ||
| Q1 24 | $2.1B | $4.0B |
净利润OSCRSATS
| Q4 25 | $-352.6M | $-1.2B | ||
| Q3 25 | $-137.4M | $-12.8B | ||
| Q2 25 | $-228.4M | $-306.1M | ||
| Q1 25 | $275.3M | $-202.7M | ||
| Q4 24 | $-153.5M | $335.2M | ||
| Q3 24 | $-54.6M | $-141.8M | ||
| Q2 24 | $56.2M | $-205.6M | ||
| Q1 24 | $177.4M | $-107.4M |
营业利润率OSCRSATS
| Q4 25 | -3722.8% | -20.5% | ||
| Q3 25 | -4.3% | -460.5% | ||
| Q2 25 | -8.0% | -5.7% | ||
| Q1 25 | 9.8% | -2.3% | ||
| Q4 24 | -3070.1% | -1.6% | ||
| Q3 24 | -2.0% | -4.1% | ||
| Q2 24 | 3.1% | -1.7% | ||
| Q1 24 | 8.7% | -0.4% |
净利率OSCRSATS
| Q4 25 | -3933.2% | -31.8% | ||
| Q3 25 | -4.6% | -353.6% | ||
| Q2 25 | -8.0% | -8.2% | ||
| Q1 25 | 9.0% | -5.2% | ||
| Q4 24 | -3190.9% | 8.5% | ||
| Q3 24 | -2.3% | -3.6% | ||
| Q2 24 | 2.5% | -5.2% | ||
| Q1 24 | 8.3% | -2.7% |
每股收益（稀释后）OSCRSATS
| Q4 25 | $-1.19 | $-4.27 | ||
| Q3 25 | $-0.53 | $-44.37 | ||
| Q2 25 | $-0.89 | $-1.06 | ||
| Q1 25 | $0.92 | $-0.71 | ||
| Q4 24 | $-0.50 | $1.24 | ||
| Q3 24 | $-0.22 | $-0.52 | ||
| Q2 24 | $0.20 | $-0.76 | ||
| Q1 24 | $0.62 | $-0.40 |
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 | $2.8B | $3.0B |
| 总债务越低越好 | $430.1M | $18.7B |
| 股东权益账面价值 | $977.6M | $5.8B |
| 总资产 | $6.3B | $43.0B |
| 负债/权益比越低杠杆越低 | 0.44× | 3.24× |
8季度趋势，按日历期对齐
现金及短期投资OSCRSATS
| Q4 25 | $2.8B | $3.0B | ||
| Q3 25 | $2.1B | $3.9B | ||
| Q2 25 | $2.6B | $4.3B | ||
| Q1 25 | $2.2B | $5.1B | ||
| Q4 24 | $2.2B | $5.5B | ||
| Q3 24 | $1.2B | $674.4M | ||
| Q2 24 | $2.3B | $520.6M | ||
| Q1 24 | $2.2B | $766.4M |
总债务OSCRSATS
| Q4 25 | $430.1M | $18.7B | ||
| Q3 25 | $686.3M | $21.8B | ||
| Q2 25 | $299.9M | $25.4B | ||
| Q1 25 | $299.7M | $25.3B | ||
| Q4 24 | $299.6M | $25.7B | ||
| Q3 24 | $299.4M | — | ||
| Q2 24 | $299.2M | — | ||
| Q1 24 | $299.0M | $951.0M |
股东权益OSCRSATS
| Q4 25 | $977.6M | $5.8B | ||
| Q3 25 | $1.0B | $7.0B | ||
| Q2 25 | $1.2B | $19.7B | ||
| Q1 25 | $1.3B | $20.0B | ||
| Q4 24 | $1.0B | $20.2B | ||
| Q3 24 | $1.2B | $19.4B | ||
| Q2 24 | $1.1B | $19.6B | ||
| Q1 24 | $1.0B | $19.8B |
总资产OSCRSATS
| Q4 25 | $6.3B | $43.0B | ||
| Q3 25 | $5.7B | $45.3B | ||
| Q2 25 | $6.4B | $59.9B | ||
| Q1 25 | $5.8B | $60.6B | ||
| Q4 24 | $4.8B | $60.9B | ||
| Q3 24 | $4.5B | $57.5B | ||
| Q2 24 | $5.0B | $55.3B | ||
| Q1 24 | $4.4B | $55.6B |
负债/权益比OSCRSATS
| Q4 25 | 0.44× | 3.24× | ||
| Q3 25 | 0.67× | 3.13× | ||
| Q2 25 | 0.26× | 1.29× | ||
| Q1 25 | 0.22× | 1.27× | ||
| Q4 24 | 0.30× | 1.27× | ||
| Q3 24 | 0.26× | — | ||
| Q2 24 | 0.26× | — | ||
| Q1 24 | 0.29× | 0.05× |
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 | $1.1B | $-425.3M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $-583.4M |
| 自由现金流率自由现金流/营收 | 37.7% | -15.4% |
| 资本支出强度资本支出/营收 | 1.3% | 4.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $-1.1B |
8季度趋势，按日历期对齐
经营现金流OSCRSATS
| Q4 25 | $1.1B | $-425.3M | ||
| Q3 25 | $-964.7M | $111.7M | ||
| Q2 25 | $509.1M | $7.5M | ||
| Q1 25 | $878.5M | $206.8M | ||
| Q4 24 | $978.2M | $45.6M | ||
| Q3 24 | $-500.1M | $276.2M | ||
| Q2 24 | $497.2M | $479.7M | ||
| Q1 24 | $634.4M | $451.3M |
自由现金流OSCRSATS
| Q4 25 | $1.1B | $-583.4M | ||
| Q3 25 | $-973.7M | $-144.4M | ||
| Q2 25 | $499.8M | $-285.7M | ||
| Q1 25 | $869.5M | $-51.7M | ||
| Q4 24 | $950.3M | $-298.7M | ||
| Q3 24 | $-507.7M | $-57.5M | ||
| Q2 24 | $489.6M | $132.4M | ||
| Q1 24 | $628.4M | $-68.4M |
自由现金流率OSCRSATS
| Q4 25 | 37.7% | -15.4% | ||
| Q3 25 | -32.6% | -4.0% | ||
| Q2 25 | 17.5% | -7.7% | ||
| Q1 25 | 28.5% | -1.3% | ||
| Q4 24 | 39.7% | -7.5% | ||
| Q3 24 | -20.9% | -1.5% | ||
| Q2 24 | 22.1% | 3.3% | ||
| Q1 24 | 29.3% | -1.7% |
资本支出强度OSCRSATS
| Q4 25 | 1.3% | 4.2% | ||
| Q3 25 | 0.3% | 7.1% | ||
| Q2 25 | 0.3% | 7.9% | ||
| Q1 25 | 0.3% | 6.7% | ||
| Q4 24 | 1.2% | 8.7% | ||
| Q3 24 | 0.3% | 8.6% | ||
| Q2 24 | 0.3% | 8.8% | ||
| Q1 24 | 0.3% | 12.9% |
现金转化率OSCRSATS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 3.19× | — | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | — | ||
| Q2 24 | 8.85× | — | ||
| Q1 24 | 3.58× | — |
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
OSCR
暂无分部数据
SATS
| Pay Tv | $2.4B | 62% |
| Wireless Services And Related Revenue | $846.5M | 22% |
| Equipment Sales And Other Revenue | $346.5M | 9% |
| Broadband And Satellite Services And Other Revenue | $264.1M | 7% |
