vs
agilon health, inc.（AGL）与Brighthouse Financial, Inc.（BHF）财务数据对比。点击上方公司名可切换其他公司
Brighthouse Financial, Inc.的季度营收约是agilon health, inc.的1.1倍（$1.7B vs $1.6B），Brighthouse Financial, Inc.净利率更高（8.1% vs -12.0%，领先20.1%），Brighthouse Financial, Inc.同比增速更快（40.2% vs 3.1%），过去两年Brighthouse Financial, Inc.的营收复合增速更高（9.8% vs -1.1%）
agilon health是一家美国医疗保健企业，主要与基层医疗服务提供者合作，为联邦医疗保险覆盖的老年群体提供价值导向型医疗解决方案，为医生提供行政支持、临床工具及风险管理框架，在提升诊疗效果的同时降低医疗成本，业务覆盖美国20余个州。
Brighthouse Financial是总部位于美国北卡罗来纳州夏洛特的保险公司，核心业务为销售年金和人寿保险产品。截至2018年3月，该公司是美国规模领先的年金和人寿保险提供商之一，总资产达2190亿美元，有效保单及年金合约数量约260万份。
AGL vs BHF — 直观对比
营收规模更大
BHF
是对方的1.1倍
$1.6B
营收增速更快
BHF
高出37.1%
3.1%
净利率更高
BHF
高出20.1%
-12.0%
两年增速更快
BHF
近两年复合增速
-1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $-188.9M | $137.0M |
| 毛利率 | — | — |
| 营业利润率 | -12.3% | 8.9% |
| 净利率 | -12.0% | 8.1% |
| 营收同比 | 3.1% | 40.2% |
| 净利润同比 | -78.5% | -79.6% |
| 每股收益（稀释后） | — | $1.84 |
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AGLBHF
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.4B | $871.0M | ||
| Q1 25 | $1.5B | $2.4B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.6B | — |
净利润AGLBHF
| Q4 25 | $-188.9M | $137.0M | ||
| Q3 25 | $-110.2M | $479.0M | ||
| Q2 25 | $-104.4M | $85.0M | ||
| Q1 25 | $12.1M | $-268.0M | ||
| Q4 24 | $-105.8M | $671.0M | ||
| Q3 24 | $-117.6M | $176.0M | ||
| Q2 24 | $-30.7M | $34.0M | ||
| Q1 24 | $-6.1M | — |
营业利润率AGLBHF
| Q4 25 | -12.3% | 8.9% | ||
| Q3 25 | -9.1% | 32.2% | ||
| Q2 25 | -8.3% | 10.7% | ||
| Q1 25 | -1.4% | -14.8% | ||
| Q4 24 | -7.1% | 69.2% | ||
| Q3 24 | -9.2% | 9.3% | ||
| Q2 24 | -2.9% | 1.0% | ||
| Q1 24 | -0.4% | — |
净利率AGLBHF
| Q4 25 | -12.0% | 8.1% | ||
| Q3 25 | -7.7% | 26.4% | ||
| Q2 25 | -7.5% | 9.8% | ||
| Q1 25 | 0.8% | -11.2% | ||
| Q4 24 | -6.9% | 55.7% | ||
| Q3 24 | -8.1% | 8.7% | ||
| Q2 24 | -2.1% | 2.4% | ||
| Q1 24 | -0.4% | — |
每股收益（稀释后）AGLBHF
| Q4 25 | — | $1.84 | ||
| Q3 25 | — | $7.89 | ||
| Q2 25 | — | $1.02 | ||
| Q1 25 | — | $-5.04 | ||
| Q4 24 | — | $10.27 | ||
| Q3 24 | — | $2.47 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | — |
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 | $173.7M | — |
| 总债务越低越好 | $35.0M | $3.2B |
| 股东权益账面价值 | $126.7M | $6.8B |
| 总资产 | $1.3B | $241.8B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资AGLBHF
| Q4 25 | $173.7M | — | ||
| Q3 25 | $171.7M | — | ||
| Q2 25 | $171.4M | — | ||
| Q1 25 | $136.9M | — | ||
| Q4 24 | $188.2M | $1.9B | ||
| Q3 24 | $148.2M | $1.8B | ||
| Q2 24 | $109.5M | $1.4B | ||
| Q1 24 | $111.7M | — |
总债务AGLBHF
| Q4 25 | $35.0M | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | — |
股东权益AGLBHF
| Q4 25 | $126.7M | $6.8B | ||
| Q3 25 | $306.1M | $6.4B | ||
| Q2 25 | $408.9M | $5.7B | ||
| Q1 25 | $500.3M | $5.2B | ||
| Q4 24 | $471.0M | $5.0B | ||
| Q3 24 | $574.9M | $5.5B | ||
| Q2 24 | $676.6M | $4.1B | ||
| Q1 24 | $689.3M | — |
总资产AGLBHF
| Q4 25 | $1.3B | $241.8B | ||
| Q3 25 | $1.6B | $244.7B | ||
| Q2 25 | $1.7B | $242.6B | ||
| Q1 25 | $1.9B | $234.7B | ||
| Q4 24 | $1.7B | $238.5B | ||
| Q3 24 | $2.1B | $245.2B | ||
| Q2 24 | $2.2B | $237.4B | ||
| Q1 24 | $2.3B | — |
负债/权益比AGLBHF
| Q4 25 | 0.28× | 0.47× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | — | 0.76× | ||
| Q1 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 | $-20.5M | $-3.0M |
| 自由现金流经营现金流 - 资本支出 | $-23.5M | — |
| 自由现金流率自由现金流/营收 | -1.5% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | — | -0.02× |
| 过去12个月自由现金流最近4个季度 | $-119.0M | — |
8季度趋势，按日历期对齐
经营现金流AGLBHF
| Q4 25 | $-20.5M | $-3.0M | ||
| Q3 25 | $-18.2M | $117.0M | ||
| Q2 25 | $-35.1M | $-1.0M | ||
| Q1 25 | $-32.0M | $146.0M | ||
| Q4 24 | $16.4M | $-118.0M | ||
| Q3 24 | $-7.7M | $24.0M | ||
| Q2 24 | $-18.7M | $334.0M | ||
| Q1 24 | $-47.8M | — |
自由现金流AGLBHF
| Q4 25 | $-23.5M | — | ||
| Q3 25 | $-21.3M | — | ||
| Q2 25 | $-38.3M | — | ||
| Q1 25 | $-35.8M | — | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $-11.2M | — | ||
| Q2 24 | $-22.0M | — | ||
| Q1 24 | $-50.9M | — |
自由现金流率AGLBHF
| Q4 25 | -1.5% | — | ||
| Q3 25 | -1.5% | — | ||
| Q2 25 | -2.7% | — | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | -0.8% | — | ||
| Q2 24 | -1.5% | — | ||
| Q1 24 | -3.2% | — |
资本支出强度AGLBHF
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
现金转化率AGLBHF
| Q4 25 | — | -0.02× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | -0.01× | ||
| Q1 25 | -2.64× | — | ||
| Q4 24 | — | -0.18× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 9.82× | ||
| Q1 24 | — | — |
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
AGL
| Medical Services | $1.6B | 100% |
| Other Operating | $2.5M | 0% |
BHF
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
