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爱齐科技（ALGN）与BOYD GAMING CORP（BYD）财务数据对比。点击上方公司名可切换其他公司
爱齐科技的季度营收约是BOYD GAMING CORP的1.1倍（$1.0B vs $997.4M），爱齐科技净利率更高（13.0% vs 10.5%，领先2.5%），爱齐科技同比增速更快（5.3% vs 0.6%），过去两年爱齐科技的营收复合增速更高（2.5% vs 1.5%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
博伊德博彩集团是总部位于美国内华达州帕拉代斯的知名博彩及酒店服务运营商，核心业务涵盖赌场运营、休闲度假配套服务等板块，为全球游客提供优质的综合娱乐体验。
ALGN vs BYD — 直观对比
营收规模更大
ALGN
是对方的1.1倍
$997.4M
营收增速更快
ALGN
高出4.7%
0.6%
净利率更高
ALGN
高出2.5%
10.5%
两年增速更快
ALGN
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $997.4M |
| 净利润 | $135.8M | $104.3M |
| 毛利率 | 65.3% | — |
| 营业利润率 | 14.8% | 16.4% |
| 净利率 | 13.0% | 10.5% |
| 营收同比 | 5.3% | 0.6% |
| 净利润同比 | 30.8% | -5.9% |
| 每股收益（稀释后） | $1.88 | $1.37 |
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ALGNBYD
| Q1 26 | — | $997.4M | ||
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $995.7M | $1.0B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $979.3M | $991.6M | ||
| Q4 24 | $995.2M | $1.0B | ||
| Q3 24 | $977.9M | $961.2M | ||
| Q2 24 | $1.0B | $967.5M |
净利润ALGNBYD
| Q1 26 | — | $104.3M | ||
| Q4 25 | $135.8M | $140.4M | ||
| Q3 25 | $56.8M | $1.4B | ||
| Q2 25 | $124.6M | $151.5M | ||
| Q1 25 | $93.2M | $111.4M | ||
| Q4 24 | $103.8M | $170.5M | ||
| Q3 24 | $116.0M | $131.1M | ||
| Q2 24 | $96.6M | $139.8M |
毛利率ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | 65.3% | — | ||
| Q3 25 | 64.2% | — | ||
| Q2 25 | 69.9% | — | ||
| Q1 25 | 69.5% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.7% | — | ||
| Q2 24 | 70.3% | — |
营业利润率ALGNBYD
| Q1 26 | — | 16.4% | ||
| Q4 25 | 14.8% | 15.7% | ||
| Q3 25 | 9.7% | 13.9% | ||
| Q2 25 | 16.1% | 23.4% | ||
| Q1 25 | 13.4% | 20.2% | ||
| Q4 24 | 14.5% | 25.1% | ||
| Q3 24 | 16.6% | 22.9% | ||
| Q2 24 | 14.3% | 23.5% |
净利率ALGNBYD
| Q1 26 | — | 10.5% | ||
| Q4 25 | 13.0% | 13.2% | ||
| Q3 25 | 5.7% | 143.4% | ||
| Q2 25 | 12.3% | 14.6% | ||
| Q1 25 | 9.5% | 11.2% | ||
| Q4 24 | 10.4% | 16.4% | ||
| Q3 24 | 11.9% | 13.6% | ||
| Q2 24 | 9.4% | 14.5% |
每股收益（稀释后）ALGNBYD
| Q1 26 | — | $1.37 | ||
| Q4 25 | $1.88 | $1.60 | ||
| Q3 25 | $0.78 | $17.81 | ||
| Q2 25 | $1.72 | $1.84 | ||
| Q1 25 | $1.27 | $1.31 | ||
| Q4 24 | $1.40 | $1.89 | ||
| Q3 24 | $1.55 | $1.43 | ||
| Q2 24 | $1.28 | $1.47 |
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 | $1.1B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | — |
| 总资产 | $6.2B | — |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $353.4M | ||
| Q3 25 | $1.0B | $319.1M | ||
| Q2 25 | $901.2M | $320.1M | ||
| Q1 25 | $873.0M | $311.5M | ||
| Q4 24 | $1.0B | $316.7M | ||
| Q3 24 | $1.0B | $286.3M | ||
| Q2 24 | $761.4M | $280.8M |
总债务ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B |
股东权益ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | $4.0B | $2.6B | ||
| Q3 25 | $4.0B | $2.7B | ||
| Q2 25 | $3.9B | $1.4B | ||
| Q1 25 | $3.8B | $1.3B | ||
| Q4 24 | $3.9B | $1.6B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $3.8B | $1.7B |
总资产ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | $6.2B | $6.6B | ||
| Q3 25 | $6.2B | $6.5B | ||
| Q2 25 | $6.2B | $6.6B | ||
| Q1 25 | $6.1B | $6.5B | ||
| Q4 24 | $6.2B | $6.4B | ||
| Q3 24 | $6.4B | $6.3B | ||
| Q2 24 | $6.2B | $6.3B |
负债/权益比ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.56× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.73× |
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 | $223.2M | — |
| 自由现金流经营现金流 - 资本支出 | $187.3M | — |
| 自由现金流率自由现金流/营收 | 17.9% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.64× | — |
| 过去12个月自由现金流最近4个季度 | $490.8M | — |
8季度趋势，按日历期对齐
经营现金流ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | $223.2M | $275.3M | ||
| Q3 25 | $188.7M | $240.0M | ||
| Q2 25 | $128.7M | $205.0M | ||
| Q1 25 | $52.7M | $256.4M | ||
| Q4 24 | $286.1M | $262.1M | ||
| Q3 24 | $263.7M | $231.2M | ||
| Q2 24 | $159.8M | $213.1M |
自由现金流ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | $187.3M | $127.0M | ||
| Q3 25 | $169.0M | $94.4M | ||
| Q2 25 | $107.2M | $80.6M | ||
| Q1 25 | $27.4M | $86.5M | ||
| Q4 24 | $263.1M | $150.9M | ||
| Q3 24 | $233.9M | $146.0M | ||
| Q2 24 | $106.4M | $98.7M |
自由现金流率ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | 17.9% | 12.0% | ||
| Q3 25 | 17.0% | 9.4% | ||
| Q2 25 | 10.6% | 7.8% | ||
| Q1 25 | 2.8% | 8.7% | ||
| Q4 24 | 26.4% | 14.5% | ||
| Q3 24 | 23.9% | 15.2% | ||
| Q2 24 | 10.3% | 10.2% |
资本支出强度ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 14.0% | ||
| Q3 25 | 2.0% | 14.5% | ||
| Q2 25 | 2.1% | 12.0% | ||
| Q1 25 | 2.6% | 17.1% | ||
| Q4 24 | 2.3% | 10.7% | ||
| Q3 24 | 3.0% | 8.9% | ||
| Q2 24 | 5.2% | 11.8% |
现金转化率ALGNBYD
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.96× | ||
| Q3 25 | 3.33× | 0.17× | ||
| Q2 25 | 1.03× | 1.35× | ||
| Q1 25 | 0.57× | 2.30× | ||
| Q4 24 | 2.76× | 1.54× | ||
| Q3 24 | 2.27× | 1.76× | ||
| Q2 24 | 1.66× | 1.52× |
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
ALGN
| Systems And Services | $789.6M | 75% |
| Other | $258.0M | 25% |
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
