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Acadia Healthcare Company, Inc.（ACHC）与罗技（LOGI）财务数据对比。点击上方公司名可切换其他公司
罗技的季度营收约是Acadia Healthcare Company, Inc.的1.7倍（$1.4B vs $821.5M），罗技净利率更高（17.7% vs -143.3%，领先161.0%），Acadia Healthcare Company, Inc.同比增速更快（6.1% vs 6.1%），罗技自由现金流更多（$465.6M vs $-179.5M），过去两年罗技的营收复合增速更高（18.5% 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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
ACHC vs LOGI — 直观对比
营收规模更大
LOGI
是对方的1.7倍
$821.5M
营收增速更快
ACHC
高出0.0%
6.1%
净利率更高
LOGI
高出161.0%
-143.3%
自由现金流更多
LOGI
多$645.1M
$-179.5M
两年增速更快
LOGI
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $821.5M | $1.4B |
| 净利润 | $-1.2B | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | -142.4% | 20.1% |
| 净利率 | -143.3% | 17.7% |
| 营收同比 | 6.1% | 6.1% |
| 净利润同比 | -3710.4% | 25.4% |
| 每股收益（稀释后） | $-12.98 | $1.69 |
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ACHCLOGI
| Q4 25 | $821.5M | $1.4B | ||
| Q3 25 | $851.6M | $1.2B | ||
| Q2 25 | $869.2M | $1.1B | ||
| Q1 25 | $770.5M | $1.0B | ||
| Q4 24 | $774.2M | $1.3B | ||
| Q3 24 | $815.6M | $1.1B | ||
| Q2 24 | $796.0M | $1.1B | ||
| Q1 24 | $768.1M | $1.0B |
净利润ACHCLOGI
| Q4 25 | $-1.2B | $251.0M | ||
| Q3 25 | $36.2M | $170.7M | ||
| Q2 25 | $30.1M | $146.0M | ||
| Q1 25 | $8.4M | $144.1M | ||
| Q4 24 | $32.6M | $200.1M | ||
| Q3 24 | $68.1M | $145.5M | ||
| Q2 24 | $78.5M | $141.8M | ||
| Q1 24 | $76.4M | $167.6M |
毛利率ACHCLOGI
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% | ||
| Q1 24 | — | 43.2% |
营业利润率ACHCLOGI
| Q4 25 | -142.4% | 20.1% | ||
| Q3 25 | 4.7% | 16.1% | ||
| Q2 25 | 5.8% | 14.1% | ||
| Q1 25 | 1.7% | 10.5% | ||
| Q4 24 | 4.9% | 17.5% | ||
| Q3 24 | 12.1% | 14.4% | ||
| Q2 24 | 13.4% | 14.1% | ||
| Q1 24 | 12.9% | 12.9% |
净利率ACHCLOGI
| Q4 25 | -143.3% | 17.7% | ||
| Q3 25 | 4.3% | 14.4% | ||
| Q2 25 | 3.5% | 12.7% | ||
| Q1 25 | 1.1% | 14.3% | ||
| Q4 24 | 4.2% | 14.9% | ||
| Q3 24 | 8.4% | 13.0% | ||
| Q2 24 | 9.9% | 13.0% | ||
| Q1 24 | 9.9% | 16.6% |
每股收益（稀释后）ACHCLOGI
| Q4 25 | $-12.98 | $1.69 | ||
| Q3 25 | $0.40 | $1.15 | ||
| Q2 25 | $0.33 | $0.98 | ||
| Q1 25 | $0.09 | $0.94 | ||
| Q4 24 | $0.36 | $1.32 | ||
| Q3 24 | $0.74 | $0.95 | ||
| Q2 24 | $0.85 | $0.92 | ||
| Q1 24 | $0.83 | $1.07 |
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 | $1.8B |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $1.9B | $2.3B |
| 总资产 | $5.5B | $4.1B |
| 负债/权益比越低杠杆越低 | 1.28× | — |
8季度趋势，按日历期对齐
现金及短期投资ACHCLOGI
| Q4 25 | $133.2M | $1.8B | ||
| Q3 25 | $118.7M | $1.4B | ||
| Q2 25 | $131.4M | $1.5B | ||
| Q1 25 | $91.2M | $1.5B | ||
| Q4 24 | $76.3M | $1.5B | ||
| Q3 24 | $82.1M | $1.4B | ||
| Q2 24 | $77.2M | $1.5B | ||
| Q1 24 | $77.3M | $1.5B |
总债务ACHCLOGI
| 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 | — | ||
| Q1 24 | $1.9B | — |
股东权益ACHCLOGI
| Q4 25 | $1.9B | $2.3B | ||
| Q3 25 | $3.1B | $2.1B | ||
| Q2 25 | $3.1B | $2.2B | ||
| Q1 25 | $3.0B | $2.1B | ||
| Q4 24 | $3.1B | $2.1B | ||
| Q3 24 | $3.0B | $2.1B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $2.9B | $2.2B |
总资产ACHCLOGI
| Q4 25 | $5.5B | $4.1B | ||
| Q3 25 | $6.4B | $3.7B | ||
| Q2 25 | $6.3B | $3.7B | ||
| Q1 25 | $6.1B | $3.5B | ||
| Q4 24 | $6.0B | $3.7B | ||
| Q3 24 | $5.9B | $3.6B | ||
| Q2 24 | $5.7B | $3.7B | ||
| Q1 24 | $5.5B | $3.6B |
负债/权益比ACHCLOGI
| 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× | — | ||
| Q1 24 | 0.65× | — |
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 | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $-179.5M | $465.6M |
| 自由现金流率自由现金流/营收 | -21.8% | 32.8% |
| 资本支出强度资本支出/营收 | 11.3% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.91× |
| 过去12个月自由现金流最近4个季度 | $-439.9M | $903.6M |
8季度趋势，按日历期对齐
经营现金流ACHCLOGI
| Q4 25 | $-86.3M | $480.5M | ||
| Q3 25 | $73.2M | $228.8M | ||
| Q2 25 | $133.5M | $125.0M | ||
| Q1 25 | $11.5M | $129.7M | ||
| Q4 24 | $116.7M | $370.9M | ||
| Q3 24 | $163.1M | $166.0M | ||
| Q2 24 | $171.1M | $176.0M | ||
| Q1 24 | $-321.3M | $239.1M |
自由现金流ACHCLOGI
| Q4 25 | $-179.5M | $465.6M | ||
| Q3 25 | $-63.0M | $212.3M | ||
| Q2 25 | $-34.2M | $108.8M | ||
| Q1 25 | $-163.2M | $116.9M | ||
| Q4 24 | $-86.8M | $356.6M | ||
| Q3 24 | $-27.1M | $151.5M | ||
| Q2 24 | $16.9M | $161.4M | ||
| Q1 24 | $-463.7M | $228.8M |
自由现金流率ACHCLOGI
| Q4 25 | -21.8% | 32.8% | ||
| Q3 25 | -7.4% | 17.9% | ||
| Q2 25 | -3.9% | 9.5% | ||
| Q1 25 | -21.2% | 11.6% | ||
| Q4 24 | -11.2% | 26.6% | ||
| Q3 24 | -3.3% | 13.6% | ||
| Q2 24 | 2.1% | 14.8% | ||
| Q1 24 | -60.4% | 22.6% |
资本支出强度ACHCLOGI
| Q4 25 | 11.3% | 1.0% | ||
| Q3 25 | 16.0% | 1.4% | ||
| Q2 25 | 19.3% | 1.4% | ||
| Q1 25 | 22.7% | 1.3% | ||
| Q4 24 | 26.3% | 1.1% | ||
| Q3 24 | 23.3% | 1.3% | ||
| Q2 24 | 19.4% | 1.3% | ||
| Q1 24 | 18.5% | 1.0% |
现金转化率ACHCLOGI
| Q4 25 | — | 1.91× | ||
| Q3 25 | 2.02× | 1.34× | ||
| Q2 25 | 4.43× | 0.86× | ||
| Q1 25 | 1.37× | 0.90× | ||
| Q4 24 | 3.58× | 1.85× | ||
| Q3 24 | 2.39× | 1.14× | ||
| Q2 24 | 2.18× | 1.24× | ||
| Q1 24 | -4.21× | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
