vs
null（SWIM）与Oncology Institute, Inc.（TOI）财务数据对比。点击上方公司名可切换其他公司
Oncology Institute, Inc.的季度营收约是null的1.4倍（$142.0M vs $100.0M），Oncology Institute, Inc.净利率更高（-5.3% vs -7.0%，领先1.7%），Oncology Institute, Inc.同比增速更快（41.6% vs 14.5%），null自由现金流更多（$14.1M vs $2.2M），过去两年Oncology Institute, Inc.的营收复合增速更高（22.5% vs -4.9%）
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
肿瘤研究所股份有限公司是一家专注于肿瘤诊疗领域的专业医疗企业，提供循证抗癌治疗方案、临床试验参与通道及配套支持护理服务，主要面向美国境内各类癌症患者，协同医疗从业者优化诊疗效果。
SWIM vs TOI — 直观对比
营收规模更大
TOI
是对方的1.4倍
$100.0M
营收增速更快
TOI
高出27.1%
14.5%
净利率更高
TOI
高出1.7%
-7.0%
自由现金流更多
SWIM
多$11.9M
$2.2M
两年增速更快
TOI
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $142.0M |
| 净利润 | $-7.0M | $-7.5M |
| 毛利率 | 28.0% | — |
| 营业利润率 | -10.7% | -4.9% |
| 净利率 | -7.0% | -5.3% |
| 营收同比 | 14.5% | 41.6% |
| 净利润同比 | 76.0% | 43.0% |
| 每股收益（稀释后） | $-0.06 | $-0.04 |
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SWIMTOI
| Q4 25 | $100.0M | $142.0M | ||
| Q3 25 | $161.9M | $136.6M | ||
| Q2 25 | $172.6M | $119.8M | ||
| Q1 25 | $111.4M | $104.4M | ||
| Q4 24 | $87.3M | $100.3M | ||
| Q3 24 | $150.5M | $99.9M | ||
| Q2 24 | $160.1M | $98.6M | ||
| Q1 24 | $110.6M | $94.7M |
净利润SWIMTOI
| Q4 25 | $-7.0M | $-7.5M | ||
| Q3 25 | $8.1M | $-16.5M | ||
| Q2 25 | $16.0M | $-17.0M | ||
| Q1 25 | $-6.0M | $-19.6M | ||
| Q4 24 | $-29.2M | $-13.2M | ||
| Q3 24 | $5.9M | $-16.1M | ||
| Q2 24 | $13.3M | $-15.5M | ||
| Q1 24 | $-7.9M | $-19.9M |
毛利率SWIMTOI
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 33.1% | — | ||
| Q1 24 | 27.7% | — |
营业利润率SWIMTOI
| Q4 25 | -10.7% | -4.9% | ||
| Q3 25 | 13.3% | -5.9% | ||
| Q2 25 | 14.3% | -9.4% | ||
| Q1 25 | -4.4% | -9.5% | ||
| Q4 24 | -14.9% | -11.9% | ||
| Q3 24 | 8.9% | -13.9% | ||
| Q2 24 | 12.5% | -16.6% | ||
| Q1 24 | -1.9% | -19.0% |
净利率SWIMTOI
| Q4 25 | -7.0% | -5.3% | ||
| Q3 25 | 5.0% | -12.1% | ||
| Q2 25 | 9.3% | -14.2% | ||
| Q1 25 | -5.4% | -18.8% | ||
| Q4 24 | -33.4% | -13.1% | ||
| Q3 24 | 3.9% | -16.1% | ||
| Q2 24 | 8.3% | -15.7% | ||
| Q1 24 | -7.1% | -21.0% |
每股收益（稀释后）SWIMTOI
| Q4 25 | $-0.06 | $-0.04 | ||
| Q3 25 | $0.07 | $-0.14 | ||
| Q2 25 | $0.13 | $-0.15 | ||
| Q1 25 | $-0.05 | $-0.21 | ||
| Q4 24 | $-0.24 | $-0.14 | ||
| Q3 24 | $0.05 | $-0.18 | ||
| Q2 24 | $0.11 | $-0.17 | ||
| Q1 24 | $-0.07 | $-0.22 |
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 | — | — |
| 总债务越低越好 | $279.8M | — |
| 股东权益账面价值 | $405.9M | $-15.7M |
| 总资产 | $823.2M | $164.7M |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资SWIMTOI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $9.9M | ||
| Q1 24 | — | $29.8M |
总债务SWIMTOI
| Q4 25 | $279.8M | — | ||
| Q3 25 | $281.1M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $306.9M | — | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | — | ||
| Q2 24 | $282.4M | — | ||
| Q1 24 | $282.8M | — |
股东权益SWIMTOI
| Q4 25 | $405.9M | $-15.7M | ||
| Q3 25 | $408.4M | $-12.3M | ||
| Q2 25 | $398.4M | $-9.0M | ||
| Q1 25 | $381.1M | $5.1M | ||
| Q4 24 | $387.2M | $3.6M | ||
| Q3 24 | $416.6M | $15.5M | ||
| Q2 24 | $408.1M | $29.2M | ||
| Q1 24 | $391.8M | $41.3M |
总资产SWIMTOI
| Q4 25 | $823.2M | $164.7M | ||
| Q3 25 | $844.4M | $163.6M | ||
| Q2 25 | $822.1M | $159.8M | ||
| Q1 25 | $824.6M | $164.0M | ||
| Q4 24 | $794.2M | $172.7M | ||
| Q3 24 | $853.4M | $179.2M | ||
| Q2 24 | $830.0M | $179.6M | ||
| Q1 24 | $808.6M | $204.5M |
负债/权益比SWIMTOI
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 0.72× | — |
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 | $23.3M | $3.2M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | $2.2M |
| 自由现金流率自由现金流/营收 | 14.1% | 1.5% |
| 资本支出强度资本支出/营收 | 9.2% | 0.7% |
| 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 | $38.0M | $-27.8M |
8季度趋势，按日历期对齐
经营现金流SWIMTOI
| Q4 25 | $23.3M | $3.2M | ||
| Q3 25 | $51.0M | $-12.6M | ||
| Q2 25 | $36.0M | $-10.2M | ||
| Q1 25 | $-46.9M | $-5.0M | ||
| Q4 24 | $6.2M | $4.2M | ||
| Q3 24 | $37.2M | $819.0K | ||
| Q2 24 | $52.4M | $-15.7M | ||
| Q1 24 | $-34.5M | $-15.9M |
自由现金流SWIMTOI
| Q4 25 | $14.1M | $2.2M | ||
| Q3 25 | $45.2M | $-13.2M | ||
| Q2 25 | $29.1M | $-11.4M | ||
| Q1 25 | $-50.3M | $-5.3M | ||
| Q4 24 | $-98.0K | $2.4M | ||
| Q3 24 | $33.2M | $417.0K | ||
| Q2 24 | $47.9M | $-17.5M | ||
| Q1 24 | $-39.9M | $-16.5M |
自由现金流率SWIMTOI
| Q4 25 | 14.1% | 1.5% | ||
| Q3 25 | 27.9% | -9.7% | ||
| Q2 25 | 16.8% | -9.5% | ||
| Q1 25 | -45.2% | -5.1% | ||
| Q4 24 | -0.1% | 2.4% | ||
| Q3 24 | 22.1% | 0.4% | ||
| Q2 24 | 29.9% | -17.7% | ||
| Q1 24 | -36.0% | -17.4% |
资本支出强度SWIMTOI
| Q4 25 | 9.2% | 0.7% | ||
| Q3 25 | 3.6% | 0.4% | ||
| Q2 25 | 4.0% | 1.0% | ||
| Q1 25 | 3.1% | 0.3% | ||
| Q4 24 | 7.2% | 1.8% | ||
| Q3 24 | 2.7% | 0.4% | ||
| Q2 24 | 2.8% | 1.9% | ||
| Q1 24 | 4.8% | 0.6% |
现金转化率SWIMTOI
| Q4 25 | — | — | ||
| Q3 25 | 6.29× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.32× | — | ||
| Q2 24 | 3.95× | — | ||
| Q1 24 | — | — |
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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
TOI
| Other | $82.1M | 58% |
| Fee For Service | $36.3M | 26% |
| Capitated Revenue | $23.6M | 17% |
