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Acadia Healthcare Company, Inc.（ACHC）与Cloudflare, Inc.（NET）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Cloudflare, Inc.的1.3倍（$829.0M vs $614.5M），Acadia Healthcare Company, Inc.净利率更高（0.5% vs -2.0%，领先2.5%），Cloudflare, Inc.同比增速更快（33.6% vs 7.5%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% 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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
ACHC vs NET — 直观对比
营收规模更大
ACHC
是对方的1.3倍
$614.5M
营收增速更快
NET
高出26.1%
7.5%
净利率更高
ACHC
高出2.5%
-2.0%
两年增速更快
NET
近两年复合增速
2.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $829.0M | $614.5M |
| 净利润 | $4.5M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | — | -8.0% |
| 净利率 | 0.5% | -2.0% |
| 营收同比 | 7.5% | 33.6% |
| 净利润同比 | -50.8% | 6.0% |
| 每股收益（稀释后） | $0.05 | $-0.03 |
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ACHCNET
| Q1 26 | $829.0M | — | ||
| Q4 25 | $821.5M | $614.5M | ||
| Q3 25 | $851.6M | $562.0M | ||
| Q2 25 | $869.2M | $512.3M | ||
| Q1 25 | $770.5M | $479.1M | ||
| Q4 24 | $774.2M | $459.9M | ||
| Q3 24 | $815.6M | $430.1M | ||
| Q2 24 | $796.0M | $401.0M |
净利润ACHCNET
| Q1 26 | $4.5M | — | ||
| Q4 25 | $-1.2B | $-12.1M | ||
| Q3 25 | $36.2M | $-1.3M | ||
| Q2 25 | $30.1M | $-50.4M | ||
| Q1 25 | $8.4M | $-38.5M | ||
| Q4 24 | $32.6M | $-12.8M | ||
| Q3 24 | $68.1M | $-15.3M | ||
| Q2 24 | $78.5M | $-15.1M |
毛利率ACHCNET
| Q1 26 | — | — | ||
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% |
营业利润率ACHCNET
| Q1 26 | — | — | ||
| Q4 25 | -142.4% | -8.0% | ||
| Q3 25 | 4.7% | -6.7% | ||
| Q2 25 | 5.8% | -13.1% | ||
| Q1 25 | 1.7% | -11.1% | ||
| Q4 24 | 4.9% | -7.5% | ||
| Q3 24 | 12.1% | -7.2% | ||
| Q2 24 | 13.4% | -8.7% |
净利率ACHCNET
| Q1 26 | 0.5% | — | ||
| Q4 25 | -143.3% | -2.0% | ||
| Q3 25 | 4.3% | -0.2% | ||
| Q2 25 | 3.5% | -9.8% | ||
| Q1 25 | 1.1% | -8.0% | ||
| Q4 24 | 4.2% | -2.8% | ||
| Q3 24 | 8.4% | -3.6% | ||
| Q2 24 | 9.9% | -3.8% |
每股收益（稀释后）ACHCNET
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-12.98 | $-0.03 | ||
| Q3 25 | $0.40 | $0.00 | ||
| Q2 25 | $0.33 | $-0.15 | ||
| Q1 25 | $0.09 | $-0.11 | ||
| Q4 24 | $0.36 | $-0.05 | ||
| Q3 24 | $0.74 | $-0.04 | ||
| Q2 24 | $0.85 | $-0.04 |
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 | $943.5M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $2.0B | $1.5B |
| 总资产 | $5.5B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.29× | — |
8季度趋势，按日历期对齐
现金及短期投资ACHCNET
| Q1 26 | $158.5M | — | ||
| Q4 25 | $133.2M | $943.5M | ||
| Q3 25 | $118.7M | $1.1B | ||
| Q2 25 | $131.4M | $1.5B | ||
| Q1 25 | $91.2M | $204.5M | ||
| Q4 24 | $76.3M | $147.7M | ||
| Q3 24 | $82.1M | $182.9M | ||
| Q2 24 | $77.2M | $157.0M |
总债务ACHCNET
| Q1 26 | $2.5B | — | ||
| 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ACHCNET
| Q1 26 | $2.0B | — | ||
| Q4 25 | $1.9B | $1.5B | ||
| Q3 25 | $3.1B | $1.3B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.1B | $1.0B | ||
| Q3 24 | $3.0B | $973.1M | ||
| Q2 24 | $3.0B | $881.5M |
总资产ACHCNET
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.5B | $6.0B | ||
| Q3 25 | $6.4B | $5.8B | ||
| Q2 25 | $6.3B | $5.6B | ||
| Q1 25 | $6.1B | $3.7B | ||
| Q4 24 | $6.0B | $3.3B | ||
| Q3 24 | $5.9B | $3.1B | ||
| Q2 24 | $5.7B | $2.9B |
负债/权益比ACHCNET
| Q1 26 | 1.29× | — | ||
| 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 | $61.5M | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | — | 13.9% |
| 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 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流ACHCNET
| Q1 26 | $61.5M | — | ||
| Q4 25 | $-86.3M | $190.4M | ||
| Q3 25 | $73.2M | $167.1M | ||
| Q2 25 | $133.5M | $99.8M | ||
| Q1 25 | $11.5M | $145.8M | ||
| Q4 24 | $116.7M | $127.3M | ||
| Q3 24 | $163.1M | $104.7M | ||
| Q2 24 | $171.1M | $74.8M |
自由现金流ACHCNET
| Q1 26 | — | — | ||
| Q4 25 | $-179.5M | $105.2M | ||
| Q3 25 | $-63.0M | $82.5M | ||
| Q2 25 | $-34.2M | $39.9M | ||
| Q1 25 | $-163.2M | $59.9M | ||
| Q4 24 | $-86.8M | $54.2M | ||
| Q3 24 | $-27.1M | $54.5M | ||
| Q2 24 | $16.9M | $45.2M |
自由现金流率ACHCNET
| Q1 26 | — | — | ||
| Q4 25 | -21.8% | 17.1% | ||
| Q3 25 | -7.4% | 14.7% | ||
| Q2 25 | -3.9% | 7.8% | ||
| Q1 25 | -21.2% | 12.5% | ||
| Q4 24 | -11.2% | 11.8% | ||
| Q3 24 | -3.3% | 12.7% | ||
| Q2 24 | 2.1% | 11.3% |
资本支出强度ACHCNET
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 13.9% | ||
| Q3 25 | 16.0% | 15.1% | ||
| Q2 25 | 19.3% | 11.7% | ||
| Q1 25 | 22.7% | 17.9% | ||
| Q4 24 | 26.3% | 15.9% | ||
| Q3 24 | 23.3% | 11.7% | ||
| Q2 24 | 19.4% | 7.4% |
现金转化率ACHCNET
| 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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
