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Talkspace, Inc.（TALK）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Talkspace, Inc.的3.2倍（$202.7M vs $63.0M）。Talkspace, Inc.净利率更高（7.6% vs 2.0%，领先5.5%）。Talkspace, Inc.同比增速更快（29.3% vs 12.3%）。过去两年Talkspace, Inc.的营收复合增速更高（17.8% vs 14.1%）
Talkspace, Inc.是一家提供线上与移动端心理咨询服务的美国企业，由奥伦·弗兰克与罗尼·弗兰克创立于2012年，总部位于纽约。公司依托网页与移动端平台，帮助用户对接具备执业资质的心理咨询师与精神科医师，支持文字、音频、视频消息沟通，部分场景还可提供实时视频咨询服务。
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。
TALK vs USPH — 直观对比
营收规模更大
USPH
是对方的3.2倍
$63.0M
营收增速更快
TALK
高出17.0%
12.3%
净利率更高
TALK
高出5.5%
2.0%
两年增速更快
TALK
近两年复合增速
14.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $63.0M | $202.7M |
| 净利润 | $4.8M | $4.2M |
| 毛利率 | — | 19.8% |
| 营业利润率 | 6.1% | 8.3% |
| 净利率 | 7.6% | 2.0% |
| 营收同比 | 29.3% | 12.3% |
| 净利润同比 | 292.5% | -55.1% |
| 每股收益（稀释后） | — | $-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TALKUSPH
| Q4 25 | $63.0M | $202.7M | ||
| Q3 25 | $59.4M | $197.1M | ||
| Q2 25 | $54.3M | $197.3M | ||
| Q1 25 | $52.2M | $183.8M | ||
| Q4 24 | $48.7M | $180.4M | ||
| Q3 24 | $47.4M | $168.0M | ||
| Q2 24 | $46.1M | $167.2M | ||
| Q1 24 | $45.4M | $155.7M |
净利润TALKUSPH
| Q4 25 | $4.8M | $4.2M | ||
| Q3 25 | $3.3M | $13.1M | ||
| Q2 25 | $-541.0K | $12.4M | ||
| Q1 25 | $318.0K | $9.9M | ||
| Q4 24 | $1.2M | $9.2M | ||
| Q3 24 | $1.9M | $6.6M | ||
| Q2 24 | $-474.0K | $7.5M | ||
| Q1 24 | $-1.5M | $8.0M |
毛利率TALKUSPH
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | 44.6% | 16.9% | ||
| Q4 24 | 44.2% | 18.0% | ||
| Q3 24 | 45.6% | 17.3% | ||
| Q2 24 | 45.5% | 20.3% | ||
| Q1 24 | 47.8% | 18.2% |
营业利润率TALKUSPH
| Q4 25 | 6.1% | 8.3% | ||
| Q3 25 | 3.7% | 12.8% | ||
| Q2 25 | -3.3% | 12.6% | ||
| Q1 25 | -2.1% | 10.7% | ||
| Q4 24 | 1.2% | 10.9% | ||
| Q3 24 | 0.2% | 7.6% | ||
| Q2 24 | -7.6% | 9.3% | ||
| Q1 24 | -3.7% | 9.6% |
净利率TALKUSPH
| Q4 25 | 7.6% | 2.0% | ||
| Q3 25 | 5.5% | 6.7% | ||
| Q2 25 | -1.0% | 6.3% | ||
| Q1 25 | 0.6% | 5.4% | ||
| Q4 24 | 2.5% | 5.1% | ||
| Q3 24 | 4.0% | 3.9% | ||
| Q2 24 | -1.0% | 4.5% | ||
| Q1 24 | -3.2% | 5.2% |
每股收益（稀释后）TALKUSPH
| Q4 25 | — | $-0.44 | ||
| Q3 25 | $0.02 | $0.48 | ||
| Q2 25 | — | $0.58 | ||
| Q1 25 | $0.00 | $0.80 | ||
| Q4 24 | $0.01 | $0.52 | ||
| Q3 24 | $0.01 | $0.39 | ||
| Q2 24 | $0.00 | $0.47 | ||
| Q1 24 | $-0.01 | $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 | $37.4M | $35.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $117.0M | $476.4M |
| 总资产 | $134.9M | $1.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TALKUSPH
| Q4 25 | $37.4M | $35.6M | ||
| Q3 25 | $39.5M | $31.1M | ||
| Q2 25 | $54.3M | $34.1M | ||
| Q1 25 | $60.1M | $39.2M | ||
| Q4 24 | $76.7M | $41.4M | ||
| Q3 24 | $119.0M | $117.0M | ||
| Q2 24 | $114.9M | $112.9M | ||
| Q1 24 | $120.3M | $132.3M |
股东权益TALKUSPH
| Q4 25 | $117.0M | $476.4M | ||
| Q3 25 | $109.1M | $503.6M | ||
| Q2 25 | $112.9M | $500.8M | ||
| Q1 25 | $113.4M | $497.3M | ||
| Q4 24 | $117.4M | $488.9M | ||
| Q3 24 | $117.6M | $482.8M | ||
| Q2 24 | $114.0M | $484.6M | ||
| Q1 24 | $119.6M | $479.8M |
总资产TALKUSPH
| Q4 25 | $134.9M | $1.2B | ||
| Q3 25 | $129.1M | $1.2B | ||
| Q2 25 | $132.8M | $1.2B | ||
| Q1 25 | $134.2M | $1.2B | ||
| Q4 24 | $138.7M | $1.2B | ||
| Q3 24 | $138.2M | $1.0B | ||
| Q2 24 | $133.8M | $1.0B | ||
| Q1 24 | $138.3M | $1.0B |
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 | $5.4M | $24.9M |
| 自由现金流经营现金流 - 资本支出 | — | $21.0M |
| 自由现金流率自由现金流/营收 | — | 10.4% |
| 资本支出强度资本支出/营收 | — | 1.9% |
| 现金转化率经营现金流/净利润 | 1.13× | 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TALKUSPH
| Q4 25 | $5.4M | $24.9M | ||
| Q3 25 | $4.7M | $19.9M | ||
| Q2 25 | $-351.0K | $34.9M | ||
| Q1 25 | $-1.2M | $-4.7M | ||
| Q4 24 | $3.7M | $19.4M | ||
| Q3 24 | $6.2M | $22.1M | ||
| Q2 24 | $4.8M | $29.0M | ||
| Q1 24 | $-3.4M | $4.4M |
自由现金流TALKUSPH
| Q4 25 | — | $21.0M | ||
| Q3 25 | — | $15.6M | ||
| Q2 25 | — | $31.6M | ||
| Q1 25 | — | $-7.3M | ||
| Q4 24 | — | $16.9M | ||
| Q3 24 | — | $19.6M | ||
| Q2 24 | $4.5M | $26.7M | ||
| Q1 24 | $-3.8M | $2.6M |
自由现金流率TALKUSPH
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 16.0% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | 9.7% | 15.9% | ||
| Q1 24 | -8.3% | 1.7% |
资本支出强度TALKUSPH
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 0.8% | 1.2% |
现金转化率TALKUSPH
| Q4 25 | 1.13× | 6.00× | ||
| Q3 25 | 1.46× | 1.52× | ||
| Q2 25 | — | 2.81× | ||
| Q1 25 | -3.90× | -0.47× | ||
| Q4 24 | 3.02× | 2.10× | ||
| Q3 24 | 3.31× | 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
TALK
| Payor Revenue | $47.7M | 76% |
| Dte Revenue | $11.6M | 18% |
| Consumer | $3.7M | 6% |
USPH
| Net Patient Revenues | $169.7M | 84% |
| Industrial Injury Prevention Services Revenues | $28.9M | 14% |
| Management Contract Revenues | $2.3M | 1% |
