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Acadia Healthcare Company, Inc.（ACHC）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
M/I HOMES, INC.的季度营收约是Acadia Healthcare Company, Inc.的1.4倍（$1.1B vs $821.5M），M/I HOMES, INC.净利率更高（5.6% vs -143.3%，领先148.9%），Acadia Healthcare Company, Inc.同比增速更快（6.1% vs -4.8%），M/I HOMES, INC.自由现金流更多（$-13.0M vs $-179.5M），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% 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。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
ACHC vs MHO — 直观对比
营收规模更大
MHO
是对方的1.4倍
$821.5M
营收增速更快
ACHC
高出10.9%
-4.8%
净利率更高
MHO
高出148.9%
-143.3%
自由现金流更多
MHO
多$166.5M
$-179.5M
两年增速更快
MHO
近两年复合增速
3.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $821.5M | $1.1B |
| 净利润 | $-1.2B | $64.0M |
| 毛利率 | — | 17.4% |
| 营业利润率 | -142.4% | 6.5% |
| 净利率 | -143.3% | 5.6% |
| 营收同比 | 6.1% | -4.8% |
| 净利润同比 | -3710.4% | -52.1% |
| 每股收益（稀释后） | $-12.98 | $2.42 |
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ACHCMHO
| Q4 25 | $821.5M | $1.1B | ||
| Q3 25 | $851.6M | $1.1B | ||
| Q2 25 | $869.2M | $1.2B | ||
| Q1 25 | $770.5M | $976.1M | ||
| Q4 24 | $774.2M | $1.2B | ||
| Q3 24 | $815.6M | $1.1B | ||
| Q2 24 | $796.0M | $1.1B | ||
| Q1 24 | $768.1M | $1.0B |
净利润ACHCMHO
| Q4 25 | $-1.2B | $64.0M | ||
| Q3 25 | $36.2M | $106.5M | ||
| Q2 25 | $30.1M | $121.2M | ||
| Q1 25 | $8.4M | $111.2M | ||
| Q4 24 | $32.6M | $133.5M | ||
| Q3 24 | $68.1M | $145.4M | ||
| Q2 24 | $78.5M | $146.7M | ||
| Q1 24 | $76.4M | $138.1M |
毛利率ACHCMHO
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 27.1% |
营业利润率ACHCMHO
| Q4 25 | -142.4% | 6.5% | ||
| Q3 25 | 4.7% | 12.0% | ||
| Q2 25 | 5.8% | 13.4% | ||
| Q1 25 | 1.7% | 14.4% | ||
| Q4 24 | 4.9% | 13.6% | ||
| Q3 24 | 12.1% | 15.9% | ||
| Q2 24 | 13.4% | 16.8% | ||
| Q1 24 | 12.9% | 16.6% |
净利率ACHCMHO
| Q4 25 | -143.3% | 5.6% | ||
| Q3 25 | 4.3% | 9.4% | ||
| Q2 25 | 3.5% | 10.4% | ||
| Q1 25 | 1.1% | 11.4% | ||
| Q4 24 | 4.2% | 11.1% | ||
| Q3 24 | 8.4% | 12.7% | ||
| Q2 24 | 9.9% | 13.2% | ||
| Q1 24 | 9.9% | 13.2% |
每股收益（稀释后）ACHCMHO
| Q4 25 | $-12.98 | $2.42 | ||
| Q3 25 | $0.40 | $3.92 | ||
| Q2 25 | $0.33 | $4.42 | ||
| Q1 25 | $0.09 | $3.98 | ||
| Q4 24 | $0.36 | $4.71 | ||
| Q3 24 | $0.74 | $5.10 | ||
| Q2 24 | $0.85 | $5.12 | ||
| Q1 24 | $0.83 | $4.78 |
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 | — |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $1.9B | $3.2B |
| 总资产 | $5.5B | $4.8B |
| 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ACHCMHO
| Q4 25 | $133.2M | — | ||
| Q3 25 | $118.7M | — | ||
| Q2 25 | $131.4M | — | ||
| Q1 25 | $91.2M | — | ||
| Q4 24 | $76.3M | — | ||
| Q3 24 | $82.1M | — | ||
| Q2 24 | $77.2M | — | ||
| Q1 24 | $77.3M | — |
总债务ACHCMHO
| 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ACHCMHO
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $3.1B | $3.1B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $3.1B | $2.9B | ||
| Q3 24 | $3.0B | $2.8B | ||
| Q2 24 | $3.0B | $2.7B | ||
| Q1 24 | $2.9B | $2.6B |
总资产ACHCMHO
| Q4 25 | $5.5B | $4.8B | ||
| Q3 25 | $6.4B | $4.8B | ||
| Q2 25 | $6.3B | $4.7B | ||
| Q1 25 | $6.1B | $4.6B | ||
| Q4 24 | $6.0B | $4.5B | ||
| Q3 24 | $5.9B | $4.5B | ||
| Q2 24 | $5.7B | $4.3B | ||
| Q1 24 | $5.5B | $4.2B |
负债/权益比ACHCMHO
| 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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $-179.5M | $-13.0M |
| 自由现金流率自由现金流/营收 | -21.8% | -1.1% |
| 资本支出强度资本支出/营收 | 11.3% | 0.4% |
| 现金转化率经营现金流/净利润 | — | -0.14× |
| 过去12个月自由现金流最近4个季度 | $-439.9M | $127.7M |
8季度趋势，按日历期对齐
经营现金流ACHCMHO
| Q4 25 | $-86.3M | $-8.7M | ||
| Q3 25 | $73.2M | $43.4M | ||
| Q2 25 | $133.5M | $37.8M | ||
| Q1 25 | $11.5M | $64.9M | ||
| Q4 24 | $116.7M | $104.4M | ||
| Q3 24 | $163.1M | $-67.9M | ||
| Q2 24 | $171.1M | $27.5M | ||
| Q1 24 | $-321.3M | $115.8M |
自由现金流ACHCMHO
| Q4 25 | $-179.5M | $-13.0M | ||
| Q3 25 | $-63.0M | $42.0M | ||
| Q2 25 | $-34.2M | $35.1M | ||
| Q1 25 | $-163.2M | $63.5M | ||
| Q4 24 | $-86.8M | $102.3M | ||
| Q3 24 | $-27.1M | $-68.5M | ||
| Q2 24 | $16.9M | $22.0M | ||
| Q1 24 | $-463.7M | $115.5M |
自由现金流率ACHCMHO
| Q4 25 | -21.8% | -1.1% | ||
| Q3 25 | -7.4% | 3.7% | ||
| Q2 25 | -3.9% | 3.0% | ||
| Q1 25 | -21.2% | 6.5% | ||
| Q4 24 | -11.2% | 8.5% | ||
| Q3 24 | -3.3% | -6.0% | ||
| Q2 24 | 2.1% | 2.0% | ||
| Q1 24 | -60.4% | 11.0% |
资本支出强度ACHCMHO
| Q4 25 | 11.3% | 0.4% | ||
| Q3 25 | 16.0% | 0.1% | ||
| Q2 25 | 19.3% | 0.2% | ||
| Q1 25 | 22.7% | 0.1% | ||
| Q4 24 | 26.3% | 0.2% | ||
| Q3 24 | 23.3% | 0.1% | ||
| Q2 24 | 19.4% | 0.5% | ||
| Q1 24 | 18.5% | 0.0% |
现金转化率ACHCMHO
| Q4 25 | — | -0.14× | ||
| Q3 25 | 2.02× | 0.41× | ||
| Q2 25 | 4.43× | 0.31× | ||
| Q1 25 | 1.37× | 0.58× | ||
| Q4 24 | 3.58× | 0.78× | ||
| Q3 24 | 2.39× | -0.47× | ||
| Q2 24 | 2.18× | 0.19× | ||
| Q1 24 | -4.21× | 0.84× |
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
