vs
Acadia Healthcare Company, Inc.（ACHC）与FORWARD AIR CORP（FWRD）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FORWARD AIR CORP的1.3倍（$829.0M vs $631.2M），Acadia Healthcare Company, Inc.净利率更高（0.5% vs -4.5%，领先5.0%），Acadia Healthcare Company, Inc.同比增速更快（7.5% vs -0.3%），过去两年FORWARD AIR CORP的营收复合增速更高（7.9% vs 2.0%）
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。
Forward Air Corp是北美领先的轻资产物流运输服务商，核心业务包括加急零担货运、最后一公里配送、多式联运、仓储及供应链解决方案，服务覆盖美加墨地区，主要服务电商、零售、制造、汽车等行业。
ACHC vs FWRD — 直观对比
营收规模更大
ACHC
是对方的1.3倍
$631.2M
营收增速更快
ACHC
高出7.8%
-0.3%
净利率更高
ACHC
高出5.0%
-4.5%
两年增速更快
FWRD
近两年复合增速
2.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $829.0M | $631.2M |
| 净利润 | $4.5M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | — | -0.5% |
| 净利率 | 0.5% | -4.5% |
| 营收同比 | 7.5% | -0.3% |
| 净利润同比 | -50.8% | 22.2% |
| 每股收益（稀释后） | $0.05 | $-0.90 |
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ACHCFWRD
| Q1 26 | $829.0M | — | ||
| Q4 25 | $821.5M | $631.2M | ||
| Q3 25 | $851.6M | $631.8M | ||
| Q2 25 | $869.2M | $618.8M | ||
| Q1 25 | $770.5M | $613.3M | ||
| Q4 24 | $774.2M | $632.8M | ||
| Q3 24 | $815.6M | $655.9M | ||
| Q2 24 | $796.0M | $643.7M |
净利润ACHCFWRD
| Q1 26 | $4.5M | — | ||
| Q4 25 | $-1.2B | $-28.3M | ||
| Q3 25 | $36.2M | $-16.3M | ||
| Q2 25 | $30.1M | $-12.6M | ||
| Q1 25 | $8.4M | $-50.6M | ||
| Q4 24 | $32.6M | $-36.4M | ||
| Q3 24 | $68.1M | $-73.4M | ||
| Q2 24 | $78.5M | $-645.4M |
营业利润率ACHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | -142.4% | -0.5% | ||
| Q3 25 | 4.7% | 2.4% | ||
| Q2 25 | 5.8% | 3.2% | ||
| Q1 25 | 1.7% | 0.8% | ||
| Q4 24 | 4.9% | 12.0% | ||
| Q3 24 | 12.1% | 3.5% | ||
| Q2 24 | 13.4% | -170.2% |
净利率ACHCFWRD
| Q1 26 | 0.5% | — | ||
| Q4 25 | -143.3% | -4.5% | ||
| Q3 25 | 4.3% | -2.6% | ||
| Q2 25 | 3.5% | -2.0% | ||
| Q1 25 | 1.1% | -8.3% | ||
| Q4 24 | 4.2% | -5.8% | ||
| Q3 24 | 8.4% | -11.2% | ||
| Q2 24 | 9.9% | -100.3% |
每股收益（稀释后）ACHCFWRD
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-12.98 | $-0.90 | ||
| Q3 25 | $0.40 | $-0.52 | ||
| Q2 25 | $0.33 | $-0.41 | ||
| Q1 25 | $0.09 | $-1.68 | ||
| Q4 24 | $0.36 | $-1.69 | ||
| Q3 24 | $0.74 | $-2.66 | ||
| Q2 24 | $0.85 | $-23.47 |
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 | $106.0M |
| 总债务越低越好 | $2.5B | $1.7B |
| 股东权益账面价值 | $2.0B | $113.3M |
| 总资产 | $5.5B | $2.7B |
| 负债/权益比越低杠杆越低 | 1.29× | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资ACHCFWRD
| Q1 26 | $158.5M | — | ||
| Q4 25 | $133.2M | $106.0M | ||
| Q3 25 | $118.7M | $140.4M | ||
| Q2 25 | $131.4M | $95.1M | ||
| Q1 25 | $91.2M | $116.3M | ||
| Q4 24 | $76.3M | $104.9M | ||
| Q3 24 | $82.1M | $136.6M | ||
| Q2 24 | $77.2M | $84.9M |
总债务ACHCFWRD
| Q1 26 | $2.5B | — | ||
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.3B | $1.7B | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — |
股东权益ACHCFWRD
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $113.3M | ||
| Q3 25 | $3.1B | $139.8M | ||
| Q2 25 | $3.1B | $151.8M | ||
| Q1 25 | $3.0B | $154.6M | ||
| Q4 24 | $3.1B | $201.7M | ||
| Q3 24 | $3.0B | $226.1M | ||
| Q2 24 | $3.0B | $283.8M |
总资产ACHCFWRD
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.5B | $2.7B | ||
| Q3 25 | $6.4B | $2.8B | ||
| Q2 25 | $6.3B | $2.8B | ||
| Q1 25 | $6.1B | $2.8B | ||
| Q4 24 | $6.0B | $2.8B | ||
| Q3 24 | $5.9B | $3.1B | ||
| Q2 24 | $5.7B | $3.1B |
负债/权益比ACHCFWRD
| Q1 26 | 1.29× | — | ||
| Q4 25 | 1.28× | 14.89× | ||
| Q3 25 | 0.74× | 12.05× | ||
| 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 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ACHCFWRD
| Q1 26 | $61.5M | — | ||
| Q4 25 | $-86.3M | — | ||
| Q3 25 | $73.2M | $52.7M | ||
| Q2 25 | $133.5M | — | ||
| Q1 25 | $11.5M | $27.6M | ||
| Q4 24 | $116.7M | $-23.2M | ||
| Q3 24 | $163.1M | $51.2M | ||
| Q2 24 | $171.1M | $-45.2M |
自由现金流ACHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | $-179.5M | — | ||
| Q3 25 | $-63.0M | $48.6M | ||
| Q2 25 | $-34.2M | — | ||
| Q1 25 | $-163.2M | $15.7M | ||
| Q4 24 | $-86.8M | $-30.5M | ||
| Q3 24 | $-27.1M | $40.7M | ||
| Q2 24 | $16.9M | $-59.6M |
自由现金流率ACHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | -21.8% | — | ||
| Q3 25 | -7.4% | 7.7% | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | -21.2% | 2.6% | ||
| Q4 24 | -11.2% | -4.8% | ||
| Q3 24 | -3.3% | 6.2% | ||
| Q2 24 | 2.1% | -9.3% |
资本支出强度ACHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 1.3% | ||
| Q3 25 | 16.0% | 0.7% | ||
| Q2 25 | 19.3% | 0.8% | ||
| Q1 25 | 22.7% | 1.9% | ||
| Q4 24 | 26.3% | 1.1% | ||
| Q3 24 | 23.3% | 1.6% | ||
| Q2 24 | 19.4% | 2.2% |
现金转化率ACHCFWRD
| Q1 26 | 13.78× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.02× | — | ||
| Q2 25 | 4.43× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 2.39× | — | ||
| Q2 24 | 2.18× | — |
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% |
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
