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Pennant Group, Inc.（PNTG）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
Pennant Group, Inc.的季度营收约是U S PHYSICAL THERAPY INC的1.4倍（$289.3M vs $202.7M）。Pennant Group, Inc.净利率更高（3.0% vs 2.0%，领先0.9%）。Pennant Group, Inc.同比增速更快（53.2% vs 12.3%）。U S PHYSICAL THERAPY INC自由现金流更多（$21.0M vs $17.4M）。过去两年Pennant Group, Inc.的营收复合增速更高（35.8% vs 14.1%）
Pennant Group, Inc.是一家总部位于美国的医疗服务企业，主营家庭健康护理、临终关怀、长者居住服务及专业护理服务，业务覆盖美国数十个州，核心服务对象为老年及有特殊医疗需求的弱势人群。
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。
PNTG vs USPH — 直观对比
营收规模更大
PNTG
是对方的1.4倍
$202.7M
营收增速更快
PNTG
高出40.8%
12.3%
净利率更高
PNTG
高出0.9%
2.0%
自由现金流更多
USPH
多$3.6M
$17.4M
两年增速更快
PNTG
近两年复合增速
14.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $289.3M | $202.7M |
| 净利润 | $8.6M | $4.2M |
| 毛利率 | — | 19.8% |
| 营业利润率 | 6.0% | 8.3% |
| 净利率 | 3.0% | 2.0% |
| 营收同比 | 53.2% | 12.3% |
| 净利润同比 | 50.0% | -55.1% |
| 每股收益（稀释后） | $0.25 | $-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PNTGUSPH
| Q4 25 | $289.3M | $202.7M | ||
| Q3 25 | $229.0M | $197.1M | ||
| Q2 25 | $219.5M | $197.3M | ||
| Q1 25 | $209.8M | $183.8M | ||
| Q4 24 | $188.9M | $180.4M | ||
| Q3 24 | $180.7M | $168.0M | ||
| Q2 24 | $168.7M | $167.2M | ||
| Q1 24 | $156.9M | $155.7M |
净利润PNTGUSPH
| Q4 25 | $8.6M | $4.2M | ||
| Q3 25 | $6.1M | $13.1M | ||
| Q2 25 | $7.1M | $12.4M | ||
| Q1 25 | $7.8M | $9.9M | ||
| Q4 24 | $5.8M | $9.2M | ||
| Q3 24 | $6.2M | $6.6M | ||
| Q2 24 | $5.7M | $7.5M | ||
| Q1 24 | $4.9M | $8.0M |
毛利率PNTGUSPH
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 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PNTGUSPH
| Q4 25 | 6.0% | 8.3% | ||
| Q3 25 | 4.5% | 12.8% | ||
| Q2 25 | 5.3% | 12.6% | ||
| Q1 25 | 6.0% | 10.7% | ||
| Q4 24 | 4.9% | 10.9% | ||
| Q3 24 | 6.0% | 7.6% | ||
| Q2 24 | 5.7% | 9.3% | ||
| Q1 24 | 5.4% | 9.6% |
净利率PNTGUSPH
| Q4 25 | 3.0% | 2.0% | ||
| Q3 25 | 2.7% | 6.7% | ||
| Q2 25 | 3.2% | 6.3% | ||
| Q1 25 | 3.7% | 5.4% | ||
| Q4 24 | 3.0% | 5.1% | ||
| Q3 24 | 3.4% | 3.9% | ||
| Q2 24 | 3.4% | 4.5% | ||
| Q1 24 | 3.1% | 5.2% |
每股收益（稀释后）PNTGUSPH
| Q4 25 | $0.25 | $-0.44 | ||
| Q3 25 | $0.17 | $0.48 | ||
| Q2 25 | $0.20 | $0.58 | ||
| Q1 25 | $0.22 | $0.80 | ||
| Q4 24 | $0.16 | $0.52 | ||
| Q3 24 | $0.20 | $0.39 | ||
| Q2 24 | $0.18 | $0.47 | ||
| Q1 24 | $0.16 | $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 | — | $35.6M |
| 总债务越低越好 | $168.8M | — |
| 股东权益账面价值 | $374.3M | $476.4M |
| 总资产 | $968.2M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.45× | — |
8季度趋势，按日历期对齐
现金及短期投资PNTGUSPH
| Q4 25 | — | $35.6M | ||
| Q3 25 | — | $31.1M | ||
| Q2 25 | — | $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PNTGUSPH
| Q4 25 | $168.8M | — | ||
| Q3 25 | $26.0M | — | ||
| Q2 25 | $37.0M | — | ||
| Q1 25 | $52.5M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $108.9M | — | ||
| Q2 24 | $82.2M | — | ||
| Q1 24 | $83.3M | — |
股东权益PNTGUSPH
| Q4 25 | $374.3M | $476.4M | ||
| Q3 25 | $343.0M | $503.6M | ||
| Q2 25 | $333.6M | $500.8M | ||
| Q1 25 | $323.0M | $497.3M | ||
| Q4 24 | $312.0M | $488.9M | ||
| Q3 24 | $187.3M | $482.8M | ||
| Q2 24 | $173.0M | $484.6M | ||
| Q1 24 | $164.2M | $479.8M |
总资产PNTGUSPH
| Q4 25 | $968.2M | $1.2B | ||
| Q3 25 | $753.6M | $1.2B | ||
| Q2 25 | $751.4M | $1.2B | ||
| Q1 25 | $743.6M | $1.2B | ||
| Q4 24 | $679.5M | $1.2B | ||
| Q3 24 | $646.8M | $1.0B | ||
| Q2 24 | $602.5M | $1.0B | ||
| Q1 24 | $578.2M | $1.0B |
负债/权益比PNTGUSPH
| Q4 25 | 0.45× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.16× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.51× | — |
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 | $21.0M | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $17.4M | $21.0M |
| 自由现金流率自由现金流/营收 | 6.0% | 10.4% |
| 资本支出强度资本支出/营收 | 1.2% | 1.9% |
| 现金转化率经营现金流/净利润 | 2.43× | 6.00× |
| 过去12个月自由现金流最近4个季度 | $36.3M | $61.0M |
8季度趋势，按日历期对齐
经营现金流PNTGUSPH
| Q4 25 | $21.0M | $24.9M | ||
| Q3 25 | $13.9M | $19.9M | ||
| Q2 25 | $34.6M | $34.9M | ||
| Q1 25 | $-21.2M | $-4.7M | ||
| Q4 24 | $20.6M | $19.4M | ||
| Q3 24 | $7.7M | $22.1M | ||
| Q2 24 | $10.5M | $29.0M | ||
| Q1 24 | $545.0K | $4.4M |
自由现金流PNTGUSPH
| Q4 25 | $17.4M | $21.0M | ||
| Q3 25 | $10.5M | $15.6M | ||
| Q2 25 | $31.6M | $31.6M | ||
| Q1 25 | $-23.2M | $-7.3M | ||
| Q4 24 | $17.2M | $16.9M | ||
| Q3 24 | $6.8M | $19.6M | ||
| Q2 24 | $8.9M | $26.7M | ||
| Q1 24 | $-2.6M | $2.6M |
自由现金流率PNTGUSPH
| Q4 25 | 6.0% | 10.4% | ||
| Q3 25 | 4.6% | 7.9% | ||
| Q2 25 | 14.4% | 16.0% | ||
| Q1 25 | -11.1% | -3.9% | ||
| Q4 24 | 9.1% | 9.4% | ||
| Q3 24 | 3.8% | 11.7% | ||
| Q2 24 | 5.3% | 15.9% | ||
| Q1 24 | -1.7% | 1.7% |
资本支出强度PNTGUSPH
| Q4 25 | 1.2% | 1.9% | ||
| Q3 25 | 1.5% | 2.2% | ||
| Q2 25 | 1.4% | 1.6% | ||
| Q1 25 | 0.9% | 1.4% | ||
| Q4 24 | 1.8% | 1.4% | ||
| Q3 24 | 0.5% | 1.5% | ||
| Q2 24 | 1.0% | 1.4% | ||
| Q1 24 | 2.0% | 1.2% |
现金转化率PNTGUSPH
| Q4 25 | 2.43× | 6.00× | ||
| Q3 25 | 2.29× | 1.52× | ||
| Q2 25 | 4.89× | 2.81× | ||
| Q1 25 | -2.73× | -0.47× | ||
| Q4 24 | 3.57× | 2.10× | ||
| Q3 24 | 1.24× | 3.34× | ||
| Q2 24 | 1.84× | 3.86× | ||
| Q1 24 | 0.11× | 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
PNTG
| Home Health Subsegment | $136.2M | 47% |
| Hospice Subsegment | $97.1M | 34% |
| Private And Other | $36.4M | 13% |
| Medicare And Medicaid | $19.6M | 7% |
| Affiliated Entity | $2.2M | 1% |
USPH
| Net Patient Revenues | $169.7M | 84% |
| Industrial Injury Prevention Services Revenues | $28.9M | 14% |
| Management Contract Revenues | $2.3M | 1% |
