vs
Acadia Healthcare Company, Inc.（ACHC）与乐至宝（LZB）财务数据对比。点击上方公司名可切换其他公司
Acadia Healthcare Company, Inc.的季度营收约是乐至宝的1.5倍（$821.5M vs $541.6M），乐至宝净利率更高（4.0% vs -143.3%，领先147.3%），Acadia Healthcare Company, Inc.同比增速更快（6.1% vs 3.8%），乐至宝自由现金流更多（$71.6M vs $-179.5M），过去两年Acadia Healthcare Company, Inc.的营收复合增速更高（3.4% vs -1.1%）
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。
La-Z-Boy是总部位于美国密歇根州门罗的家具制造企业，主打居家家具产品，涵盖软垫 recliner、沙发、固定座椅、升降椅、沙发床等品类，全球员工规模超过11000人，是休闲家居领域的知名品牌。
ACHC vs LZB — 直观对比
营收规模更大
ACHC
是对方的1.5倍
$541.6M
营收增速更快
ACHC
高出2.3%
3.8%
净利率更高
LZB
高出147.3%
-143.3%
自由现金流更多
LZB
多$251.0M
$-179.5M
两年增速更快
ACHC
近两年复合增速
-1.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $821.5M | $541.6M |
| 净利润 | $-1.2B | $21.6M |
| 毛利率 | — | 43.1% |
| 营业利润率 | -142.4% | 5.5% |
| 净利率 | -143.3% | 4.0% |
| 营收同比 | 6.1% | 3.8% |
| 净利润同比 | -3710.4% | -23.8% |
| 每股收益（稀释后） | $-12.98 | $0.52 |
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ACHCLZB
| Q1 26 | — | $541.6M | ||
| Q4 25 | $821.5M | $522.5M | ||
| Q3 25 | $851.6M | $492.2M | ||
| Q2 25 | $869.2M | $570.9M | ||
| Q1 25 | $770.5M | $521.8M | ||
| Q4 24 | $774.2M | $521.0M | ||
| Q3 24 | $815.6M | $495.5M | ||
| Q2 24 | $796.0M | $553.5M |
净利润ACHCLZB
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-1.2B | $28.9M | ||
| Q3 25 | $36.2M | $18.2M | ||
| Q2 25 | $30.1M | $14.9M | ||
| Q1 25 | $8.4M | $28.4M | ||
| Q4 24 | $32.6M | $30.0M | ||
| Q3 24 | $68.1M | $26.2M | ||
| Q2 24 | $78.5M | $39.3M |
毛利率ACHCLZB
| Q1 26 | — | 43.1% | ||
| Q4 25 | — | 44.2% | ||
| Q3 25 | — | 42.5% | ||
| Q2 25 | — | 44.0% | ||
| Q1 25 | — | 44.3% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 43.4% |
营业利润率ACHCLZB
| Q1 26 | — | 5.5% | ||
| Q4 25 | -142.4% | 6.9% | ||
| Q3 25 | 4.7% | 4.5% | ||
| Q2 25 | 5.8% | 5.2% | ||
| Q1 25 | 1.7% | 6.7% | ||
| Q4 24 | 4.9% | 7.4% | ||
| Q3 24 | 12.1% | 6.5% | ||
| Q2 24 | 13.4% | 9.1% |
净利率ACHCLZB
| Q1 26 | — | 4.0% | ||
| Q4 25 | -143.3% | 5.5% | ||
| Q3 25 | 4.3% | 3.7% | ||
| Q2 25 | 3.5% | 2.6% | ||
| Q1 25 | 1.1% | 5.4% | ||
| Q4 24 | 4.2% | 5.8% | ||
| Q3 24 | 8.4% | 5.3% | ||
| Q2 24 | 9.9% | 7.1% |
每股收益（稀释后）ACHCLZB
| Q1 26 | — | $0.52 | ||
| Q4 25 | $-12.98 | $0.70 | ||
| Q3 25 | $0.40 | $0.44 | ||
| Q2 25 | $0.33 | $0.35 | ||
| Q1 25 | $0.09 | $0.68 | ||
| Q4 24 | $0.36 | $0.71 | ||
| Q3 24 | $0.74 | $0.61 | ||
| Q2 24 | $0.85 | $0.91 |
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 | $306.1M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $1.9B | $1.0B |
| 总资产 | $5.5B | $2.1B |
| 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ACHCLZB
| Q1 26 | — | $306.1M | ||
| Q4 25 | $133.2M | $338.5M | ||
| Q3 25 | $118.7M | $318.5M | ||
| Q2 25 | $131.4M | $328.4M | ||
| Q1 25 | $91.2M | $314.6M | ||
| Q4 24 | $76.3M | $303.1M | ||
| Q3 24 | $82.1M | $342.3M | ||
| Q2 24 | $77.2M | $341.1M |
总债务ACHCLZB
| Q1 26 | — | — | ||
| 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ACHCLZB
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.9B | $1.0B | ||
| Q3 25 | $3.1B | $1.0B | ||
| Q2 25 | $3.1B | $1.0B | ||
| Q1 25 | $3.0B | $1.0B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.0B | $999.2M | ||
| Q2 24 | $3.0B | $1.0B |
总资产ACHCLZB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $5.5B | $2.0B | ||
| Q3 25 | $6.4B | $1.9B | ||
| Q2 25 | $6.3B | $1.9B | ||
| Q1 25 | $6.1B | $2.0B | ||
| Q4 24 | $6.0B | $1.9B | ||
| Q3 24 | $5.9B | $1.9B | ||
| Q2 24 | $5.7B | $1.9B |
负债/权益比ACHCLZB
| Q1 26 | — | — | ||
| 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 | $-86.3M | $89.4M |
| 自由现金流经营现金流 - 资本支出 | $-179.5M | $71.6M |
| 自由现金流率自由现金流/营收 | -21.8% | 13.2% |
| 资本支出强度资本支出/营收 | 11.3% | 3.3% |
| 现金转化率经营现金流/净利润 | — | 4.13× |
| 过去12个月自由现金流最近4个季度 | $-439.9M | $158.2M |
8季度趋势，按日历期对齐
经营现金流ACHCLZB
| Q1 26 | — | $89.4M | ||
| Q4 25 | $-86.3M | $50.0M | ||
| Q3 25 | $73.2M | $36.3M | ||
| Q2 25 | $133.5M | $62.0M | ||
| Q1 25 | $11.5M | $57.0M | ||
| Q4 24 | $116.7M | $15.9M | ||
| Q3 24 | $163.1M | $52.3M | ||
| Q2 24 | $171.1M | $52.8M |
自由现金流ACHCLZB
| Q1 26 | — | $71.6M | ||
| Q4 25 | $-179.5M | $29.6M | ||
| Q3 25 | $-63.0M | $17.8M | ||
| Q2 25 | $-34.2M | $39.3M | ||
| Q1 25 | $-163.2M | $38.2M | ||
| Q4 24 | $-86.8M | $-1.2M | ||
| Q3 24 | $-27.1M | $36.7M | ||
| Q2 24 | $16.9M | $37.3M |
自由现金流率ACHCLZB
| Q1 26 | — | 13.2% | ||
| Q4 25 | -21.8% | 5.7% | ||
| Q3 25 | -7.4% | 3.6% | ||
| Q2 25 | -3.9% | 6.9% | ||
| Q1 25 | -21.2% | 7.3% | ||
| Q4 24 | -11.2% | -0.2% | ||
| Q3 24 | -3.3% | 7.4% | ||
| Q2 24 | 2.1% | 6.7% |
资本支出强度ACHCLZB
| Q1 26 | — | 3.3% | ||
| Q4 25 | 11.3% | 3.9% | ||
| Q3 25 | 16.0% | 3.8% | ||
| Q2 25 | 19.3% | 4.0% | ||
| Q1 25 | 22.7% | 3.6% | ||
| Q4 24 | 26.3% | 3.3% | ||
| Q3 24 | 23.3% | 3.2% | ||
| Q2 24 | 19.4% | 2.8% |
现金转化率ACHCLZB
| Q1 26 | — | 4.13× | ||
| Q4 25 | — | 1.73× | ||
| Q3 25 | 2.02× | 1.99× | ||
| Q2 25 | 4.43× | 4.15× | ||
| Q1 25 | 1.37× | 2.01× | ||
| Q4 24 | 3.58× | 0.53× | ||
| Q3 24 | 2.39× | 2.00× | ||
| Q2 24 | 2.18× | 1.34× |
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% |
LZB
| Stationary Upholstery Furniture | $286.2M | 53% |
| Retail Segment | $251.9M | 47% |
