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Acadia Healthcare Company, Inc.（ACHC）与礼恩派（LEG）财务数据对比。点击上方公司名可切换其他公司
礼恩派的季度营收约是Acadia Healthcare Company, Inc.的1.1倍（$938.6M vs $821.5M），礼恩派净利率更高（2.7% vs -143.3%，领先146.0%），Acadia Healthcare Company, Inc.同比增速更快（6.1% vs -11.2%），礼恩派自由现金流更多（$101.9M vs $-179.5M），过去两年Acadia Healthcare Company, Inc.的营收复合增速更高（3.4% vs -7.5%）
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。
礼恩派（Leggett & Platt）总部位于美国密苏里州迦太基，是一家多元化制造企业，成立于1883年。公司专注于设计生产各类工程组件及产品，广泛应用于家居与汽车领域。目前旗下设有15个业务单元，在全球18个国家拥有135座生产工厂，员工总数达2万名。
ACHC vs LEG — 直观对比
营收规模更大
LEG
是对方的1.1倍
$821.5M
营收增速更快
ACHC
高出17.3%
-11.2%
净利率更高
LEG
高出146.0%
-143.3%
自由现金流更多
LEG
多$281.4M
$-179.5M
两年增速更快
ACHC
近两年复合增速
-7.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.5M | $938.6M |
| 净利润 | $-1.2B | $25.1M |
| 毛利率 | — | 17.9% |
| 营业利润率 | -142.4% | 2.0% |
| 净利率 | -143.3% | 2.7% |
| 营收同比 | 6.1% | -11.2% |
| 净利润同比 | -3710.4% | 76.8% |
| 每股收益（稀释后） | $-12.98 | $0.18 |
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ACHCLEG
| Q4 25 | $821.5M | $938.6M | ||
| Q3 25 | $851.6M | $1.0B | ||
| Q2 25 | $869.2M | $1.1B | ||
| Q1 25 | $770.5M | $1.0B | ||
| Q4 24 | $774.2M | $1.1B | ||
| Q3 24 | $815.6M | $1.1B | ||
| Q2 24 | $796.0M | $1.1B | ||
| Q1 24 | $768.1M | $1.1B |
净利润ACHCLEG
| Q4 25 | $-1.2B | $25.1M | ||
| Q3 25 | $36.2M | $127.1M | ||
| Q2 25 | $30.1M | $52.5M | ||
| Q1 25 | $8.4M | $30.6M | ||
| Q4 24 | $32.6M | $14.2M | ||
| Q3 24 | $68.1M | $44.9M | ||
| Q2 24 | $78.5M | $-602.2M | ||
| Q1 24 | $76.4M | $31.6M |
毛利率ACHCLEG
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 16.5% | ||
| Q1 24 | — | 17.0% |
营业利润率ACHCLEG
| Q4 25 | -142.4% | 2.0% | ||
| Q3 25 | 4.7% | 14.9% | ||
| Q2 25 | 5.8% | 6.8% | ||
| Q1 25 | 1.7% | 4.4% | ||
| Q4 24 | 4.9% | 2.4% | ||
| Q3 24 | 12.1% | 5.2% | ||
| Q2 24 | 13.4% | -56.2% | ||
| Q1 24 | 12.9% | 3.9% |
净利率ACHCLEG
| Q4 25 | -143.3% | 2.7% | ||
| Q3 25 | 4.3% | 12.3% | ||
| Q2 25 | 3.5% | 5.0% | ||
| Q1 25 | 1.1% | 3.0% | ||
| Q4 24 | 4.2% | 1.3% | ||
| Q3 24 | 8.4% | 4.1% | ||
| Q2 24 | 9.9% | -53.4% | ||
| Q1 24 | 9.9% | 2.9% |
每股收益（稀释后）ACHCLEG
| Q4 25 | $-12.98 | $0.18 | ||
| Q3 25 | $0.40 | $0.91 | ||
| Q2 25 | $0.33 | $0.38 | ||
| Q1 25 | $0.09 | $0.22 | ||
| Q4 24 | $0.36 | $0.10 | ||
| Q3 24 | $0.74 | $0.33 | ||
| Q2 24 | $0.85 | $-4.39 | ||
| Q1 24 | $0.83 | $0.23 |
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 | $587.4M |
| 总债务越低越好 | $2.5B | $1.5B |
| 股东权益账面价值 | $1.9B | $1.0B |
| 总资产 | $5.5B | $3.5B |
| 负债/权益比越低杠杆越低 | 1.28× | 1.46× |
8季度趋势，按日历期对齐
现金及短期投资ACHCLEG
| Q4 25 | $133.2M | $587.4M | ||
| Q3 25 | $118.7M | $460.7M | ||
| Q2 25 | $131.4M | $368.8M | ||
| Q1 25 | $91.2M | $412.6M | ||
| Q4 24 | $76.3M | $350.2M | ||
| Q3 24 | $82.1M | $277.2M | ||
| Q2 24 | $77.2M | $307.0M | ||
| Q1 24 | $77.3M | $361.3M |
总债务ACHCLEG
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.3B | $1.5B | ||
| Q2 25 | $2.3B | $1.8B | ||
| Q1 25 | $2.2B | $1.9B | ||
| Q4 24 | $2.0B | $1.9B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $1.8B | $1.7B | ||
| Q1 24 | $1.9B | $1.8B |
股东权益ACHCLEG
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $3.1B | $971.8M | ||
| Q2 25 | $3.1B | $855.0M | ||
| Q1 25 | $3.0B | $746.8M | ||
| Q4 24 | $3.1B | $689.4M | ||
| Q3 24 | $3.0B | $741.0M | ||
| Q2 24 | $3.0B | $667.6M | ||
| Q1 24 | $2.9B | $1.3B |
总资产ACHCLEG
| Q4 25 | $5.5B | $3.5B | ||
| Q3 25 | $6.4B | $3.5B | ||
| Q2 25 | $6.3B | $3.7B | ||
| Q1 25 | $6.1B | $3.7B | ||
| Q4 24 | $6.0B | $3.7B | ||
| Q3 24 | $5.9B | $3.8B | ||
| Q2 24 | $5.7B | $3.8B | ||
| Q1 24 | $5.5B | $4.6B |
负债/权益比ACHCLEG
| Q4 25 | 1.28× | 1.46× | ||
| Q3 25 | 0.74× | 1.54× | ||
| Q2 25 | 0.74× | 2.10× | ||
| Q1 25 | 0.72× | 2.59× | ||
| Q4 24 | 0.64× | 2.70× | ||
| Q3 24 | 0.62× | 2.13× | ||
| Q2 24 | 0.62× | 2.55× | ||
| Q1 24 | 0.65× | 1.38× |
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 | $121.5M |
| 自由现金流经营现金流 - 资本支出 | $-179.5M | $101.9M |
| 自由现金流率自由现金流/营收 | -21.8% | 10.9% |
| 资本支出强度资本支出/营收 | 11.3% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 4.84× |
| 过去12个月自由现金流最近4个季度 | $-439.9M | $281.0M |
8季度趋势，按日历期对齐
经营现金流ACHCLEG
| Q4 25 | $-86.3M | $121.5M | ||
| Q3 25 | $73.2M | $125.9M | ||
| Q2 25 | $133.5M | $84.0M | ||
| Q1 25 | $11.5M | $6.8M | ||
| Q4 24 | $116.7M | $122.3M | ||
| Q3 24 | $163.1M | $95.5M | ||
| Q2 24 | $171.1M | $94.0M | ||
| Q1 24 | $-321.3M | $-6.1M |
自由现金流ACHCLEG
| Q4 25 | $-179.5M | $101.9M | ||
| Q3 25 | $-63.0M | $110.1M | ||
| Q2 25 | $-34.2M | $75.5M | ||
| Q1 25 | $-163.2M | $-6.5M | ||
| Q4 24 | $-86.8M | $100.5M | ||
| Q3 24 | $-27.1M | $77.1M | ||
| Q2 24 | $16.9M | $78.5M | ||
| Q1 24 | $-463.7M | $-32.0M |
自由现金流率ACHCLEG
| Q4 25 | -21.8% | 10.9% | ||
| Q3 25 | -7.4% | 10.6% | ||
| Q2 25 | -3.9% | 7.1% | ||
| Q1 25 | -21.2% | -0.6% | ||
| Q4 24 | -11.2% | 9.5% | ||
| Q3 24 | -3.3% | 7.0% | ||
| Q2 24 | 2.1% | 7.0% | ||
| Q1 24 | -60.4% | -2.9% |
资本支出强度ACHCLEG
| Q4 25 | 11.3% | 2.1% | ||
| Q3 25 | 16.0% | 1.5% | ||
| Q2 25 | 19.3% | 0.8% | ||
| Q1 25 | 22.7% | 1.3% | ||
| Q4 24 | 26.3% | 2.1% | ||
| Q3 24 | 23.3% | 1.7% | ||
| Q2 24 | 19.4% | 1.4% | ||
| Q1 24 | 18.5% | 2.4% |
现金转化率ACHCLEG
| Q4 25 | — | 4.84× | ||
| Q3 25 | 2.02× | 0.99× | ||
| Q2 25 | 4.43× | 1.60× | ||
| Q1 25 | 1.37× | 0.22× | ||
| Q4 24 | 3.58× | 8.61× | ||
| Q3 24 | 2.39× | 2.13× | ||
| Q2 24 | 2.18× | — | ||
| Q1 24 | -4.21× | -0.19× |
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% |
LEG
| Bedding Products | $373.8M | 40% |
| Flooring And Textile Products Group | $196.9M | 21% |
| Automotive Group | $194.9M | 21% |
| Work Furniture Group | $66.2M | 7% |
| Home Furniture Group | $61.0M | 6% |
| Hydraulic Cylinders | $45.8M | 5% |
