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爱齐科技（ALGN）与Life Time Group Holdings, Inc.（LTH）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Life Time Group Holdings, Inc.的1.4倍（$1.0B vs $745.1M），Life Time Group Holdings, Inc.净利率更高（16.5% vs 13.0%，领先3.5%），Life Time Group Holdings, Inc.同比增速更快（12.3% vs 5.3%），爱齐科技自由现金流更多（$187.3M vs $-64.6M），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（11.7% vs 2.5%）
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
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
ALGN vs LTH — 直观对比
营收规模更大
ALGN
是对方的1.4倍
$745.1M
营收增速更快
LTH
高出7.1%
5.3%
净利率更高
LTH
高出3.5%
13.0%
自由现金流更多
ALGN
多$251.9M
$-64.6M
两年增速更快
LTH
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $745.1M |
| 净利润 | $135.8M | $123.0M |
| 毛利率 | 65.3% | 49.1% |
| 营业利润率 | 14.8% | 17.4% |
| 净利率 | 13.0% | 16.5% |
| 营收同比 | 5.3% | 12.3% |
| 净利润同比 | 30.8% | 231.0% |
| 每股收益（稀释后） | $1.88 | $0.55 |
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ALGNLTH
| Q4 25 | $1.0B | $745.1M | ||
| Q3 25 | $995.7M | $782.6M | ||
| Q2 25 | $1.0B | $761.5M | ||
| Q1 25 | $979.3M | $706.0M | ||
| Q4 24 | $995.2M | $663.3M | ||
| Q3 24 | $977.9M | $693.2M | ||
| Q2 24 | $1.0B | $667.8M | ||
| Q1 24 | $997.4M | $596.7M |
净利润ALGNLTH
| Q4 25 | $135.8M | $123.0M | ||
| Q3 25 | $56.8M | $102.4M | ||
| Q2 25 | $124.6M | $72.1M | ||
| Q1 25 | $93.2M | $76.1M | ||
| Q4 24 | $103.8M | $37.2M | ||
| Q3 24 | $116.0M | $41.4M | ||
| Q2 24 | $96.6M | $52.8M | ||
| Q1 24 | $105.0M | $24.9M |
毛利率ALGNLTH
| Q4 25 | 65.3% | 49.1% | ||
| Q3 25 | 64.2% | 47.1% | ||
| Q2 25 | 69.9% | 47.0% | ||
| Q1 25 | 69.5% | 47.5% | ||
| Q4 24 | 70.0% | 48.2% | ||
| Q3 24 | 69.7% | 46.5% | ||
| Q2 24 | 70.3% | 46.8% | ||
| Q1 24 | 70.0% | 46.1% |
营业利润率ALGNLTH
| Q4 25 | 14.8% | 17.4% | ||
| Q3 25 | 9.7% | 17.3% | ||
| Q2 25 | 16.1% | 14.2% | ||
| Q1 25 | 13.4% | 15.2% | ||
| Q4 24 | 14.5% | 13.1% | ||
| Q3 24 | 16.6% | 13.5% | ||
| Q2 24 | 14.3% | 15.7% | ||
| Q1 24 | 15.5% | 12.1% |
净利率ALGNLTH
| Q4 25 | 13.0% | 16.5% | ||
| Q3 25 | 5.7% | 13.1% | ||
| Q2 25 | 12.3% | 9.5% | ||
| Q1 25 | 9.5% | 10.8% | ||
| Q4 24 | 10.4% | 5.6% | ||
| Q3 24 | 11.9% | 6.0% | ||
| Q2 24 | 9.4% | 7.9% | ||
| Q1 24 | 10.5% | 4.2% |
每股收益（稀释后）ALGNLTH
| Q4 25 | $1.88 | $0.55 | ||
| Q3 25 | $0.78 | $0.45 | ||
| Q2 25 | $1.72 | $0.32 | ||
| Q1 25 | $1.27 | $0.34 | ||
| Q4 24 | $1.40 | $0.17 | ||
| Q3 24 | $1.55 | $0.19 | ||
| Q2 24 | $1.28 | $0.26 | ||
| Q1 24 | $1.39 | $0.12 |
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 | $204.8M |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $4.0B | $3.1B |
| 总资产 | $6.2B | $8.0B |
| 负债/权益比越低杠杆越低 | — | 0.48× |
8季度趋势，按日历期对齐
现金及短期投资ALGNLTH
| Q4 25 | $1.1B | $204.8M | ||
| Q3 25 | $1.0B | $218.9M | ||
| Q2 25 | $901.2M | $175.5M | ||
| Q1 25 | $873.0M | $59.0M | ||
| Q4 24 | $1.0B | $10.9M | ||
| Q3 24 | $1.0B | $120.9M | ||
| Q2 24 | $761.4M | $34.5M | ||
| Q1 24 | $865.8M | $18.6M |
总债务ALGNLTH
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $2.0B |
股东权益ALGNLTH
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $4.0B | $3.0B | ||
| Q2 25 | $3.9B | $2.9B | ||
| Q1 25 | $3.8B | $2.7B | ||
| Q4 24 | $3.9B | $2.6B | ||
| Q3 24 | $3.9B | $2.6B | ||
| Q2 24 | $3.8B | $2.4B | ||
| Q1 24 | $3.8B | $2.3B |
总资产ALGNLTH
| Q4 25 | $6.2B | $8.0B | ||
| Q3 25 | $6.2B | $7.8B | ||
| Q2 25 | $6.2B | $7.6B | ||
| Q1 25 | $6.1B | $7.3B | ||
| Q4 24 | $6.2B | $7.2B | ||
| Q3 24 | $6.4B | $7.2B | ||
| Q2 24 | $6.2B | $7.1B | ||
| Q1 24 | $6.2B | $7.1B |
负债/权益比ALGNLTH
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.87× |
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 | $239.9M |
| 自由现金流经营现金流 - 资本支出 | $187.3M | $-64.6M |
| 自由现金流率自由现金流/营收 | 17.9% | -8.7% |
| 资本支出强度资本支出/营收 | 3.4% | 40.9% |
| 现金转化率经营现金流/净利润 | 1.64× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $490.8M | $-21.0M |
8季度趋势，按日历期对齐
经营现金流ALGNLTH
| Q4 25 | $223.2M | $239.9M | ||
| Q3 25 | $188.7M | $251.1M | ||
| Q2 25 | $128.7M | $195.7M | ||
| Q1 25 | $52.7M | $183.9M | ||
| Q4 24 | $286.1M | $163.1M | ||
| Q3 24 | $263.7M | $151.1M | ||
| Q2 24 | $159.8M | $170.4M | ||
| Q1 24 | $28.7M | $90.4M |
自由现金流ALGNLTH
| Q4 25 | $187.3M | $-64.6M | ||
| Q3 25 | $169.0M | $28.6M | ||
| Q2 25 | $107.2M | $-26.3M | ||
| Q1 25 | $27.4M | $41.4M | ||
| Q4 24 | $263.1M | $26.8M | ||
| Q3 24 | $233.9M | $64.0M | ||
| Q2 24 | $106.4M | $26.1M | ||
| Q1 24 | $19.3M | $-66.4M |
自由现金流率ALGNLTH
| Q4 25 | 17.9% | -8.7% | ||
| Q3 25 | 17.0% | 3.7% | ||
| Q2 25 | 10.6% | -3.5% | ||
| Q1 25 | 2.8% | 5.9% | ||
| Q4 24 | 26.4% | 4.0% | ||
| Q3 24 | 23.9% | 9.2% | ||
| Q2 24 | 10.3% | 3.9% | ||
| Q1 24 | 1.9% | -11.1% |
资本支出强度ALGNLTH
| Q4 25 | 3.4% | 40.9% | ||
| Q3 25 | 2.0% | 28.4% | ||
| Q2 25 | 2.1% | 29.2% | ||
| Q1 25 | 2.6% | 20.2% | ||
| Q4 24 | 2.3% | 20.6% | ||
| Q3 24 | 3.0% | 12.6% | ||
| Q2 24 | 5.2% | 21.6% | ||
| Q1 24 | 0.9% | 26.3% |
现金转化率ALGNLTH
| Q4 25 | 1.64× | 1.95× | ||
| Q3 25 | 3.33× | 2.45× | ||
| Q2 25 | 1.03× | 2.71× | ||
| Q1 25 | 0.57× | 2.41× | ||
| Q4 24 | 2.76× | 4.39× | ||
| Q3 24 | 2.27× | 3.65× | ||
| Q2 24 | 1.66× | 3.23× | ||
| Q1 24 | 0.27× | 3.63× |
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% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
