vs
Acadia Healthcare Company, Inc.（ACHC）与Dayforce（DAY）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Dayforce的1.7倍（$821.5M vs $481.6M），Dayforce净利率更高（-40.9% vs -143.3%，领先102.5%），Dayforce同比增速更快（9.5% vs 6.1%），过去两年Dayforce的营收复合增速更高（9.8% vs 3.4%）
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。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
ACHC vs DAY — 直观对比
营收规模更大
ACHC
是对方的1.7倍
$481.6M
营收增速更快
DAY
高出3.4%
6.1%
净利率更高
DAY
高出102.5%
-143.3%
两年增速更快
DAY
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.5M | $481.6M |
| 净利润 | $-1.2B | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | -142.4% | 6.3% |
| 净利率 | -143.3% | -40.9% |
| 营收同比 | 6.1% | 9.5% |
| 净利润同比 | -3710.4% | -9940.0% |
| 每股收益（稀释后） | $-12.98 | $-1.23 |
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ACHCDAY
| Q4 25 | $821.5M | — | ||
| Q3 25 | $851.6M | $481.6M | ||
| Q2 25 | $869.2M | $464.7M | ||
| Q1 25 | $770.5M | $481.8M | ||
| Q4 24 | $774.2M | $465.2M | ||
| Q3 24 | $815.6M | $440.0M | ||
| Q2 24 | $796.0M | $423.3M | ||
| Q1 24 | $768.1M | $431.5M |
净利润ACHCDAY
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $36.2M | $-196.8M | ||
| Q2 25 | $30.1M | $21.3M | ||
| Q1 25 | $8.4M | $14.9M | ||
| Q4 24 | $32.6M | $10.8M | ||
| Q3 24 | $68.1M | $2.0M | ||
| Q2 24 | $78.5M | $-1.8M | ||
| Q1 24 | $76.4M | $7.1M |
毛利率ACHCDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% | ||
| Q1 24 | — | 47.6% |
营业利润率ACHCDAY
| Q4 25 | -142.4% | — | ||
| Q3 25 | 4.7% | 6.3% | ||
| Q2 25 | 5.8% | 9.1% | ||
| Q1 25 | 1.7% | 6.4% | ||
| Q4 24 | 4.9% | 6.1% | ||
| Q3 24 | 12.1% | 4.7% | ||
| Q2 24 | 13.4% | 3.3% | ||
| Q1 24 | 12.9% | 9.4% |
净利率ACHCDAY
| Q4 25 | -143.3% | — | ||
| Q3 25 | 4.3% | -40.9% | ||
| Q2 25 | 3.5% | 4.6% | ||
| Q1 25 | 1.1% | 3.1% | ||
| Q4 24 | 4.2% | 2.3% | ||
| Q3 24 | 8.4% | 0.5% | ||
| Q2 24 | 9.9% | -0.4% | ||
| Q1 24 | 9.9% | 1.6% |
每股收益（稀释后）ACHCDAY
| Q4 25 | $-12.98 | — | ||
| Q3 25 | $0.40 | $-1.23 | ||
| Q2 25 | $0.33 | $0.13 | ||
| Q1 25 | $0.09 | $0.09 | ||
| Q4 24 | $0.36 | $0.07 | ||
| Q3 24 | $0.74 | $0.01 | ||
| Q2 24 | $0.85 | $-0.01 | ||
| Q1 24 | $0.83 | $0.04 |
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 | $133.2M | $627.6M |
| 总债务越低越好 | $2.5B | $631.1M |
| 股东权益账面价值 | $1.9B | $2.7B |
| 总资产 | $5.5B | $8.7B |
| 负债/权益比越低杠杆越低 | 1.28× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资ACHCDAY
| Q4 25 | $133.2M | — | ||
| Q3 25 | $118.7M | $627.6M | ||
| Q2 25 | $131.4M | $625.2M | ||
| Q1 25 | $91.2M | $557.3M | ||
| Q4 24 | $76.3M | $579.7M | ||
| Q3 24 | $82.1M | $494.1M | ||
| Q2 24 | $77.2M | $465.4M | ||
| Q1 24 | $77.3M | $392.5M |
总债务ACHCDAY
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.3B | $631.1M | ||
| Q2 25 | $2.3B | $631.8M | ||
| Q1 25 | $2.2B | $632.4M | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $1.9B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
股东权益ACHCDAY
| Q4 25 | $1.9B | — | ||
| Q3 25 | $3.1B | $2.7B | ||
| Q2 25 | $3.1B | $2.7B | ||
| Q1 25 | $3.0B | $2.6B | ||
| Q4 24 | $3.1B | $2.5B | ||
| Q3 24 | $3.0B | $2.6B | ||
| Q2 24 | $3.0B | $2.5B | ||
| Q1 24 | $2.9B | $2.4B |
总资产ACHCDAY
| Q4 25 | $5.5B | — | ||
| Q3 25 | $6.4B | $8.7B | ||
| Q2 25 | $6.3B | $8.5B | ||
| Q1 25 | $6.1B | $9.5B | ||
| Q4 24 | $6.0B | $9.1B | ||
| Q3 24 | $5.9B | $8.1B | ||
| Q2 24 | $5.7B | $9.0B | ||
| Q1 24 | $5.5B | $10.8B |
负债/权益比ACHCDAY
| Q4 25 | 1.28× | — | ||
| Q3 25 | 0.74× | 0.23× | ||
| Q2 25 | 0.74× | 0.23× | ||
| Q1 25 | 0.72× | 0.24× | ||
| Q4 24 | 0.64× | 0.47× | ||
| Q3 24 | 0.62× | 0.47× | ||
| Q2 24 | 0.62× | 0.49× | ||
| Q1 24 | 0.65× | 0.50× |
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 | $-86.3M | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $-179.5M | — |
| 自由现金流率自由现金流/营收 | -21.8% | — |
| 资本支出强度资本支出/营收 | 11.3% | — |
| 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 | $-439.9M | — |
8季度趋势，按日历期对齐
经营现金流ACHCDAY
| Q4 25 | $-86.3M | — | ||
| Q3 25 | $73.2M | $31.2M | ||
| Q2 25 | $133.5M | $112.7M | ||
| Q1 25 | $11.5M | $49.6M | ||
| Q4 24 | $116.7M | $81.0M | ||
| Q3 24 | $163.1M | $91.8M | ||
| Q2 24 | $171.1M | $99.2M | ||
| Q1 24 | $-321.3M | $9.1M |
自由现金流ACHCDAY
| Q4 25 | $-179.5M | — | ||
| Q3 25 | $-63.0M | — | ||
| Q2 25 | $-34.2M | — | ||
| Q1 25 | $-163.2M | — | ||
| Q4 24 | $-86.8M | — | ||
| Q3 24 | $-27.1M | — | ||
| Q2 24 | $16.9M | — | ||
| Q1 24 | $-463.7M | — |
自由现金流率ACHCDAY
| Q4 25 | -21.8% | — | ||
| Q3 25 | -7.4% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | -21.2% | — | ||
| Q4 24 | -11.2% | — | ||
| Q3 24 | -3.3% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -60.4% | — |
资本支出强度ACHCDAY
| Q4 25 | 11.3% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 26.3% | — | ||
| Q3 24 | 23.3% | — | ||
| Q2 24 | 19.4% | — | ||
| Q1 24 | 18.5% | — |
现金转化率ACHCDAY
| Q4 25 | — | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 4.43× | 5.29× | ||
| Q1 25 | 1.37× | 3.33× | ||
| Q4 24 | 3.58× | 7.50× | ||
| Q3 24 | 2.39× | 45.90× | ||
| Q2 24 | 2.18× | — | ||
| Q1 24 | -4.21× | 1.28× |
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 | $451.2M | 55% |
| Comprehensive Treatment Centers | $144.2M | 18% |
| Medicare | $113.7M | 14% |
| Residential Treatment Centers | $89.7M | 11% |
| Self Payor | $16.1M | 2% |
| Other Payor | $10.7M | 1% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
