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Aflac（AFL）与Alignment Healthcare, Inc.（ALHC）财务数据对比。点击上方公司名可切换其他公司
Aflac的季度营收约是Alignment Healthcare, Inc.的4.8倍（$4.9B vs $1.0B）。Aflac净利率更高（28.3% vs -1.1%，领先29.4%）。Alignment Healthcare, Inc.同比增速更快（44.4% vs -10.0%）。过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs -5.4%）
Aflac是美国知名保险企业，也是美国最大的补充保险提供商，成立于1955年，总部位于佐治亚州哥伦布市。公司在美国推出多类保险产品，其中薪资抵扣型保险服务知名度较高，参保人遭遇保障范围内的意外或疾病时可获现金赔付，目前已为全球超5000万用户提供财务保障。
Alignment Healthcare是总部位于美国的医疗保健企业，主打联邦医疗保险优势计划，为老年群体提供协调医疗服务、处方药保障及补充福利，采用价值导向医疗模式，与本土医疗机构合作，业务覆盖美国多个州，致力提升患者健康水平。
AFL vs ALHC — 直观对比
营收规模更大
AFL
是对方的4.8倍
$1.0B
营收增速更快
ALHC
高出54.4%
-10.0%
净利率更高
AFL
高出29.4%
-1.1%
两年增速更快
ALHC
近两年复合增速
-5.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $1.0B |
| 净利润 | $1.4B | $-11.0M |
| 毛利率 | — | — |
| 营业利润率 | 32.3% | -1.0% |
| 净利率 | 28.3% | -1.1% |
| 营收同比 | -10.0% | 44.4% |
| 净利润同比 | -27.5% | 64.6% |
| 每股收益（稀释后） | $2.58 | $-0.04 |
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AFLALHC
| Q4 25 | $4.9B | $1.0B | ||
| Q3 25 | $4.7B | $993.7M | ||
| Q2 25 | $4.2B | $1.0B | ||
| Q1 25 | $3.4B | $926.9M | ||
| Q4 24 | $5.4B | $701.2M | ||
| Q3 24 | $2.9B | $692.4M | ||
| Q2 24 | $5.1B | $681.3M | ||
| Q1 24 | $5.4B | $628.6M |
净利润AFLALHC
| Q4 25 | $1.4B | $-11.0M | ||
| Q3 25 | $1.6B | $3.7M | ||
| Q2 25 | $599.0M | $15.7M | ||
| Q1 25 | $29.0M | $-9.1M | ||
| Q4 24 | $1.9B | $-31.1M | ||
| Q3 24 | $-93.0M | $-26.4M | ||
| Q2 24 | $1.8B | $-24.0M | ||
| Q1 24 | $1.9B | $-46.5M |
营业利润率AFLALHC
| Q4 25 | 32.3% | -1.0% | ||
| Q3 25 | 42.1% | 0.8% | ||
| Q2 25 | 19.8% | 2.2% | ||
| Q1 25 | 4.3% | -0.6% | ||
| Q4 24 | 39.5% | -3.2% | ||
| Q3 24 | 3.1% | -2.8% | ||
| Q2 24 | 39.3% | -2.7% | ||
| Q1 24 | 39.9% | -6.5% |
净利率AFLALHC
| Q4 25 | 28.3% | -1.1% | ||
| Q3 25 | 34.6% | 0.4% | ||
| Q2 25 | 14.4% | 1.5% | ||
| Q1 25 | 0.9% | -1.0% | ||
| Q4 24 | 35.2% | -4.4% | ||
| Q3 24 | -3.2% | -3.8% | ||
| Q2 24 | 34.2% | -3.5% | ||
| Q1 24 | 34.6% | -7.4% |
每股收益（稀释后）AFLALHC
| Q4 25 | $2.58 | $-0.04 | ||
| Q3 25 | $3.08 | $0.02 | ||
| Q2 25 | $1.11 | $0.07 | ||
| Q1 25 | $0.05 | $-0.05 | ||
| Q4 24 | $3.45 | $-0.15 | ||
| Q3 24 | $-0.17 | $-0.14 | ||
| Q2 24 | $3.10 | $-0.13 | ||
| Q1 24 | $3.25 | $-0.25 |
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 | $6.2B | $604.2M |
| 总债务越低越好 | — | $323.2M |
| 股东权益账面价值 | $29.5B | $179.3M |
| 总资产 | $116.5B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 1.80× |
8季度趋势，按日历期对齐
现金及短期投资AFLALHC
| Q4 25 | $6.2B | $604.2M | ||
| Q3 25 | $6.8B | $644.1M | ||
| Q2 25 | $7.0B | $503.8M | ||
| Q1 25 | $5.2B | $479.5M | ||
| Q4 24 | $6.2B | $470.6M | ||
| Q3 24 | $5.6B | $381.0M | ||
| Q2 24 | $6.1B | $363.7M | ||
| Q1 24 | $5.1B | $301.7M |
总债务AFLALHC
| Q4 25 | — | $323.2M | ||
| Q3 25 | — | $322.7M | ||
| Q2 25 | — | $322.3M | ||
| Q1 25 | — | $321.9M | ||
| Q4 24 | — | $321.4M | ||
| Q3 24 | — | $212.0M | ||
| Q2 24 | — | $211.7M | ||
| Q1 24 | — | $162.0M |
股东权益AFLALHC
| Q4 25 | $29.5B | $179.3M | ||
| Q3 25 | $28.7B | $161.9M | ||
| Q2 25 | $27.2B | $141.0M | ||
| Q1 25 | $26.3B | $108.1M | ||
| Q4 24 | $26.1B | $99.9M | ||
| Q3 24 | $24.8B | $114.5M | ||
| Q2 24 | $26.0B | $123.7M | ||
| Q1 24 | $23.5B | $130.9M |
总资产AFLALHC
| Q4 25 | $116.5B | $1.1B | ||
| Q3 25 | $122.3B | $1.1B | ||
| Q2 25 | $124.7B | $1.0B | ||
| Q1 25 | $120.3B | $895.6M | ||
| Q4 24 | $117.6B | $782.1M | ||
| Q3 24 | $128.4B | $692.3M | ||
| Q2 24 | $120.2B | $716.3M | ||
| Q1 24 | $124.7B | $633.2M |
负债/权益比AFLALHC
| Q4 25 | — | 1.80× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 2.29× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | — | 3.22× | ||
| Q3 24 | — | 1.85× | ||
| Q2 24 | — | 1.71× | ||
| Q1 24 | — | 1.24× |
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 | $315.0M | $-50.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-55.4M |
| 自由现金流率自由现金流/营收 | — | -5.5% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 0.23× | — |
| 过去12个月自由现金流最近4个季度 | — | $113.1M |
8季度趋势，按日历期对齐
经营现金流AFLALHC
| Q4 25 | $315.0M | $-50.4M | ||
| Q3 25 | $1.3B | $144.6M | ||
| Q2 25 | $399.0M | $29.1M | ||
| Q1 25 | $589.0M | $16.6M | ||
| Q4 24 | $333.0M | $-8.7M | ||
| Q3 24 | $1.3B | $26.2M | ||
| Q2 24 | $255.0M | $23.5M | ||
| Q1 24 | $849.0M | $-6.2M |
自由现金流AFLALHC
| Q4 25 | — | $-55.4M | ||
| Q3 25 | — | $139.1M | ||
| Q2 25 | — | $21.1M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $-18.0M | ||
| Q3 24 | — | $16.9M | ||
| Q2 24 | — | $11.8M | ||
| Q1 24 | — | $-17.4M |
自由现金流率AFLALHC
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | -2.6% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | -2.8% |
资本支出强度AFLALHC
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.8% |
现金转化率AFLALHC
| Q4 25 | 0.23× | — | ||
| Q3 25 | 0.76× | 38.77× | ||
| Q2 25 | 0.67× | 1.86× | ||
| Q1 25 | 20.31× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.45× | — |
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
AFL
| Aflac Japan | $2.3B | 47% |
| Aflac US | $1.7B | 35% |
| Other | $862.0M | 18% |
ALHC
暂无分部数据
