vs
美国国际集团（AIG）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
美国国际集团的季度营收约是Alignment Healthcare, Inc.的6.5倍（$6.5B vs $1.0B）。美国国际集团净利率更高（11.2% vs -1.1%，领先12.3%）。美国国际集团同比增速更快（380.9% vs 44.4%）。过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs -27.8%）
美国国际集团（AIG）是全球知名保险提供商，服务覆盖北美及全球其他地区，面向商业客户、机构客户及个人用户推出多元化保险产品，业务涵盖责任险、财产险、航空航天险、政治风险保险、贸易信用保险、农业保险、海事保险等多个领域，可满足不同客户的风险保障需求。
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。
AIG vs ALHC — 直观对比
营收规模更大
AIG
是对方的6.5倍
$1.0B
营收增速更快
AIG
高出336.5%
44.4%
净利率更高
AIG
高出12.3%
-1.1%
两年增速更快
ALHC
近两年复合增速
-27.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $1.0B |
| 净利润 | $735.0M | $-11.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.1% | -1.0% |
| 净利率 | 11.2% | -1.1% |
| 营收同比 | 380.9% | 44.4% |
| 净利润同比 | -18.2% | 64.6% |
| 每股收益（稀释后） | $1.36 | $-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AIGALHC
| Q4 25 | $6.5B | $1.0B | ||
| Q3 25 | $6.4B | $993.7M | ||
| Q2 25 | $7.1B | $1.0B | ||
| Q1 25 | $6.8B | $926.9M | ||
| Q4 24 | $1.4B | $701.2M | ||
| Q3 24 | $6.8B | $692.4M | ||
| Q2 24 | $6.6B | $681.3M | ||
| Q1 24 | $12.6B | $628.6M |
净利润AIGALHC
| Q4 25 | $735.0M | $-11.0M | ||
| Q3 25 | $519.0M | $3.7M | ||
| Q2 25 | $1.1B | $15.7M | ||
| Q1 25 | $698.0M | $-9.1M | ||
| Q4 24 | $898.0M | $-31.1M | ||
| Q3 24 | $459.0M | $-26.4M | ||
| Q2 24 | $-4.0B | $-24.0M | ||
| Q1 24 | $1.2B | $-46.5M |
营业利润率AIGALHC
| Q4 25 | 10.1% | -1.0% | ||
| Q3 25 | 11.2% | 0.8% | ||
| Q2 25 | 21.8% | 2.2% | ||
| Q1 25 | 14.2% | -0.6% | ||
| Q4 24 | 40.6% | -3.2% | ||
| Q3 24 | 9.6% | -2.8% | ||
| Q2 24 | 9.4% | -2.7% | ||
| Q1 24 | 16.3% | -6.5% |
净利率AIGALHC
| Q4 25 | 11.2% | -1.1% | ||
| Q3 25 | 8.2% | 0.4% | ||
| Q2 25 | 16.1% | 1.5% | ||
| Q1 25 | 10.3% | -1.0% | ||
| Q4 24 | 65.9% | -4.4% | ||
| Q3 24 | 6.8% | -3.8% | ||
| Q2 24 | -60.6% | -3.5% | ||
| Q1 24 | 9.7% | -7.4% |
每股收益（稀释后）AIGALHC
| Q4 25 | $1.36 | $-0.04 | ||
| Q3 25 | $0.93 | $0.02 | ||
| Q2 25 | $1.98 | $0.07 | ||
| Q1 25 | $1.16 | $-0.05 | ||
| Q4 24 | $1.34 | $-0.15 | ||
| Q3 24 | $0.71 | $-0.14 | ||
| Q2 24 | $-5.96 | $-0.13 | ||
| Q1 24 | $1.74 | $-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 | — | $604.2M |
| 总债务越低越好 | $9.2B | $323.2M |
| 股东权益账面价值 | $41.1B | $179.3M |
| 总资产 | $161.3B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.22× | 1.80× |
8季度趋势，按日历期对齐
现金及短期投资AIGALHC
| Q4 25 | — | $604.2M | ||
| Q3 25 | — | $644.1M | ||
| Q2 25 | — | $503.8M | ||
| Q1 25 | — | $479.5M | ||
| Q4 24 | — | $470.6M | ||
| Q3 24 | — | $381.0M | ||
| Q2 24 | — | $363.7M | ||
| Q1 24 | — | $301.7M |
总债务AIGALHC
| Q4 25 | $9.2B | $323.2M | ||
| Q3 25 | — | $322.7M | ||
| Q2 25 | — | $322.3M | ||
| Q1 25 | — | $321.9M | ||
| Q4 24 | $8.9B | $321.4M | ||
| Q3 24 | — | $212.0M | ||
| Q2 24 | — | $211.7M | ||
| Q1 24 | — | $162.0M |
股东权益AIGALHC
| Q4 25 | $41.1B | $179.3M | ||
| Q3 25 | $41.1B | $161.9M | ||
| Q2 25 | $41.5B | $141.0M | ||
| Q1 25 | $41.4B | $108.1M | ||
| Q4 24 | $42.5B | $99.9M | ||
| Q3 24 | $45.0B | $114.5M | ||
| Q2 24 | $44.4B | $123.7M | ||
| Q1 24 | $43.4B | $130.9M |
总资产AIGALHC
| Q4 25 | $161.3B | $1.1B | ||
| Q3 25 | $163.4B | $1.1B | ||
| Q2 25 | $166.0B | $1.0B | ||
| Q1 25 | $161.9B | $895.6M | ||
| Q4 24 | $161.3B | $782.1M | ||
| Q3 24 | $169.4B | $692.3M | ||
| Q2 24 | $167.9B | $716.3M | ||
| Q1 24 | $544.1B | $633.2M |
负债/权益比AIGALHC
| Q4 25 | 0.22× | 1.80× | ||
| Q3 25 | — | 1.99× | ||
| Q2 25 | — | 2.29× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | 0.21× | 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 | $636.0M | $-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 | 0.87× | — |
| 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AIGALHC
| Q4 25 | $636.0M | $-50.4M | ||
| Q3 25 | $1.3B | $144.6M | ||
| Q2 25 | $1.4B | $29.1M | ||
| Q1 25 | $-56.0M | $16.6M | ||
| Q4 24 | $125.0M | $-8.7M | ||
| Q3 24 | $1.7B | $26.2M | ||
| Q2 24 | $930.0M | $23.5M | ||
| Q1 24 | $519.0M | $-6.2M |
自由现金流AIGALHC
| 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AIGALHC
| 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AIGALHC
| 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AIGALHC
| Q4 25 | 0.87× | — | ||
| Q3 25 | 2.59× | 38.77× | ||
| Q2 25 | 1.22× | 1.86× | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 3.70× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.43× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
