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Acadia Healthcare Company, Inc.（ACHC）与ALLIANCE RESOURCE PARTNERS LP（ARLP）财务数据对比。点击上方公司名可切换其他公司
Acadia Healthcare Company, Inc.的季度营收约是ALLIANCE RESOURCE PARTNERS LP的1.6倍（$829.0M vs $516.0M），ALLIANCE RESOURCE PARTNERS LP净利率更高（2.1% vs 0.5%，领先1.5%），Acadia Healthcare Company, Inc.同比增速更快（7.5% vs -3.6%），过去两年Acadia Healthcare Company, Inc.的营收复合增速更高（2.0% vs -6.7%）
阿卡迪亚医疗公司是美国的营利性行为医疗健康服务提供商，目前在美国及波多黎各地区运营着超过225家医疗机构，搭建了覆盖广泛的行为健康服务网络，为有相关需求的人群提供专业的心理健康与行为干预服务。
联合资源伙伴有限合伙是北美领先的自然资源企业，核心业务为公用事业及工业客户生产、销售煤炭，同时运营矿权特许经营、油气开采、物流配套等关联业务，服务覆盖美国及周边主要能源消费市场。
ACHC vs ARLP — 直观对比
营收规模更大
ACHC
是对方的1.6倍
$516.0M
营收增速更快
ACHC
高出11.2%
-3.6%
净利率更高
ARLP
高出1.5%
0.5%
两年增速更快
ACHC
近两年复合增速
-6.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $829.0M | $516.0M |
| 净利润 | $4.5M | $10.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 4.2% |
| 净利率 | 0.5% | 2.1% |
| 营收同比 | 7.5% | -3.6% |
| 净利润同比 | -50.8% | — |
| 每股收益（稀释后） | $0.05 | — |
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ACHCARLP
| Q1 26 | $829.0M | $516.0M | ||
| Q4 25 | $821.5M | $535.5M | ||
| Q3 25 | $851.6M | $571.4M | ||
| Q2 25 | $869.2M | $547.5M | ||
| Q1 25 | $770.5M | $540.5M | ||
| Q4 24 | $774.2M | $590.1M | ||
| Q3 24 | $815.6M | $613.6M | ||
| Q2 24 | $796.0M | $593.4M |
净利润ACHCARLP
| Q1 26 | $4.5M | $10.7M | ||
| Q4 25 | $-1.2B | $82.7M | ||
| Q3 25 | $36.2M | $95.1M | ||
| Q2 25 | $30.1M | $59.4M | ||
| Q1 25 | $8.4M | $74.0M | ||
| Q4 24 | $32.6M | $16.3M | ||
| Q3 24 | $68.1M | $86.3M | ||
| Q2 24 | $78.5M | $100.2M |
营业利润率ACHCARLP
| Q1 26 | — | 4.2% | ||
| Q4 25 | -142.4% | 18.2% | ||
| Q3 25 | 4.7% | 18.4% | ||
| Q2 25 | 5.8% | 16.2% | ||
| Q1 25 | 1.7% | 17.4% | ||
| Q4 24 | 4.9% | 2.6% | ||
| Q3 24 | 12.1% | 16.5% | ||
| Q2 24 | 13.4% | 19.8% |
净利率ACHCARLP
| Q1 26 | 0.5% | 2.1% | ||
| Q4 25 | -143.3% | 15.4% | ||
| Q3 25 | 4.3% | 16.6% | ||
| Q2 25 | 3.5% | 10.9% | ||
| Q1 25 | 1.1% | 13.7% | ||
| Q4 24 | 4.2% | 2.8% | ||
| Q3 24 | 8.4% | 14.1% | ||
| Q2 24 | 9.9% | 16.9% |
每股收益（稀释后）ACHCARLP
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-12.98 | — | ||
| Q3 25 | $0.40 | — | ||
| Q2 25 | $0.33 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.36 | — | ||
| Q3 24 | $0.74 | — | ||
| Q2 24 | $0.85 | — |
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 | $158.5M | $28.9M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $2.0B | — |
| 总资产 | $5.5B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资ACHCARLP
| Q1 26 | $158.5M | $28.9M | ||
| Q4 25 | $133.2M | $71.2M | ||
| Q3 25 | $118.7M | $94.5M | ||
| Q2 25 | $131.4M | $55.0M | ||
| Q1 25 | $91.2M | $81.3M | ||
| Q4 24 | $76.3M | $137.0M | ||
| Q3 24 | $82.1M | $195.4M | ||
| Q2 24 | $77.2M | $203.7M |
总债务ACHCARLP
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — |
股东权益ACHCARLP
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.0B | — |
总资产ACHCARLP
| Q1 26 | $5.5B | $2.9B | ||
| Q4 25 | $5.5B | $2.9B | ||
| Q3 25 | $6.4B | $2.9B | ||
| Q2 25 | $6.3B | $2.9B | ||
| Q1 25 | $6.1B | $2.9B | ||
| Q4 24 | $6.0B | $2.9B | ||
| Q3 24 | $5.9B | $3.0B | ||
| Q2 24 | $5.7B | $3.1B |
负债/权益比ACHCARLP
| Q1 26 | 1.29× | — | ||
| Q4 25 | 1.28× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — |
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 | $61.5M | — |
| 自由现金流经营现金流 - 资本支出 | — | $13.3M |
| 自由现金流率自由现金流/营收 | — | 2.6% |
| 资本支出强度资本支出/营收 | — | 18.5% |
| 现金转化率经营现金流/净利润 | 13.78× | — |
| 过去12个月自由现金流最近4个季度 | — | $342.2M |
8季度趋势，按日历期对齐
经营现金流ACHCARLP
| Q1 26 | $61.5M | — | ||
| Q4 25 | $-86.3M | $143.9M | ||
| Q3 25 | $73.2M | $209.9M | ||
| Q2 25 | $133.5M | $151.7M | ||
| Q1 25 | $11.5M | $145.7M | ||
| Q4 24 | $116.7M | $168.4M | ||
| Q3 24 | $163.1M | $209.3M | ||
| Q2 24 | $171.1M | $215.8M |
自由现金流ACHCARLP
| Q1 26 | — | $13.3M | ||
| Q4 25 | $-179.5M | $99.1M | ||
| Q3 25 | $-63.0M | $145.2M | ||
| Q2 25 | $-34.2M | $84.7M | ||
| Q1 25 | $-163.2M | $58.9M | ||
| Q4 24 | $-86.8M | $75.3M | ||
| Q3 24 | $-27.1M | $99.0M | ||
| Q2 24 | $16.9M | $114.3M |
自由现金流率ACHCARLP
| Q1 26 | — | 2.6% | ||
| Q4 25 | -21.8% | 18.5% | ||
| Q3 25 | -7.4% | 25.4% | ||
| Q2 25 | -3.9% | 15.5% | ||
| Q1 25 | -21.2% | 10.9% | ||
| Q4 24 | -11.2% | 12.8% | ||
| Q3 24 | -3.3% | 16.1% | ||
| Q2 24 | 2.1% | 19.3% |
资本支出强度ACHCARLP
| Q1 26 | — | 18.5% | ||
| Q4 25 | 11.3% | 8.4% | ||
| Q3 25 | 16.0% | 11.3% | ||
| Q2 25 | 19.3% | 12.2% | ||
| Q1 25 | 22.7% | 16.1% | ||
| Q4 24 | 26.3% | 15.8% | ||
| Q3 24 | 23.3% | 18.0% | ||
| Q2 24 | 19.4% | 17.1% |
现金转化率ACHCARLP
| Q1 26 | 13.78× | — | ||
| Q4 25 | — | 1.74× | ||
| Q3 25 | 2.02× | 2.21× | ||
| Q2 25 | 4.43× | 2.55× | ||
| Q1 25 | 1.37× | 1.97× | ||
| Q4 24 | 3.58× | 10.31× | ||
| Q3 24 | 2.39× | 2.43× | ||
| Q2 24 | 2.18× | 2.15× |
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
ACHC
| Acute Inpatient Psychiatric Facilities | $471.0M | 57% |
| Other | $140.0M | 17% |
| Specialty Treatment Facilities | $128.0M | 15% |
| Residential Treatment Facilities | $90.0M | 11% |
ARLP
| Coal sales | $443.3M | 86% |
| Oil & gas royalties | $41.3M | 8% |
| Other revenues | $22.8M | 4% |
| Transportation revenues | $8.6M | 2% |
| Tons Produced | $8.0M | 2% |
| Mineral Interest Volumes (BOE) | $1.0M | 0% |
