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爱齐科技（ALGN）与PACS Group, Inc.（PACS）财务数据对比。点击上方公司名可切换其他公司
PACS Group, Inc.的季度营收约是爱齐科技的1.3倍（$1.4B vs $1.0B）。爱齐科技净利率更高（13.0% vs 4.4%，领先8.6%）。PACS Group, Inc.同比增速更快（18.4% vs 5.3%）。过去两年PACS Group, Inc.的营收复合增速更高（20.5% 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
ALGN vs PACS — 直观对比
营收规模更大
PACS
是对方的1.3倍
$1.0B
营收增速更快
PACS
高出13.1%
5.3%
净利率更高
ALGN
高出8.6%
4.4%
两年增速更快
PACS
近两年复合增速
2.5%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $135.8M | $59.7M |
| 毛利率 | 65.3% | — |
| 营业利润率 | 14.8% | 7.0% |
| 净利率 | 13.0% | 4.4% |
| 营收同比 | 5.3% | 18.4% |
| 净利润同比 | 30.8% | 3022.5% |
| 每股收益（稀释后） | $1.88 | $0.42 |
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ALGNPACS
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $995.7M | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $979.3M | $1.3B | ||
| Q4 24 | $995.2M | $1.1B | ||
| Q3 24 | $977.9M | $1.0B | ||
| Q2 24 | $1.0B | $981.4M | ||
| Q1 24 | $997.4M | $934.3M |
净利润ALGNPACS
| Q4 25 | $135.8M | $59.7M | ||
| Q3 25 | $56.8M | $52.4M | ||
| Q2 25 | $124.6M | $51.0M | ||
| Q1 25 | $93.2M | $28.5M | ||
| Q4 24 | $103.8M | $1.9M | ||
| Q3 24 | $116.0M | $15.6M | ||
| Q2 24 | $96.6M | $-10.9M | ||
| Q1 24 | $105.0M | $49.1M |
毛利率ALGNPACS
| Q4 25 | 65.3% | — | ||
| Q3 25 | 64.2% | — | ||
| Q2 25 | 69.9% | — | ||
| Q1 25 | 69.5% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.7% | 17.1% | ||
| Q2 24 | 70.3% | 22.3% | ||
| Q1 24 | 70.0% | 21.2% |
营业利润率ALGNPACS
| Q4 25 | 14.8% | 7.0% | ||
| Q3 25 | 9.7% | 6.4% | ||
| Q2 25 | 16.1% | 6.2% | ||
| Q1 25 | 13.4% | 3.8% | ||
| Q4 24 | 14.5% | 1.7% | ||
| Q3 24 | 16.6% | 2.2% | ||
| Q2 24 | 14.3% | 0.1% | ||
| Q1 24 | 15.5% | 8.6% |
净利率ALGNPACS
| Q4 25 | 13.0% | 4.4% | ||
| Q3 25 | 5.7% | 3.9% | ||
| Q2 25 | 12.3% | 3.9% | ||
| Q1 25 | 9.5% | 2.2% | ||
| Q4 24 | 10.4% | 0.2% | ||
| Q3 24 | 11.9% | 1.5% | ||
| Q2 24 | 9.4% | -1.1% | ||
| Q1 24 | 10.5% | 5.3% |
每股收益（稀释后）ALGNPACS
| Q4 25 | $1.88 | $0.42 | ||
| Q3 25 | $0.78 | $0.32 | ||
| Q2 25 | $1.72 | $0.31 | ||
| Q1 25 | $1.27 | $0.17 | ||
| Q4 24 | $1.40 | $-0.03 | ||
| Q3 24 | $1.55 | $0.10 | ||
| Q2 24 | $1.28 | $-0.07 | ||
| Q1 24 | $1.39 | $0.38 |
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 | $197.0M |
| 总债务越低越好 | — | $353.2M |
| 股东权益账面价值 | $4.0B | $946.8M |
| 总资产 | $6.2B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.37× |
8季度趋势，按日历期对齐
现金及短期投资ALGNPACS
| Q4 25 | $1.1B | $197.0M | ||
| Q3 25 | $1.0B | $355.7M | ||
| Q2 25 | $901.2M | $294.2M | ||
| Q1 25 | $873.0M | $287.5M | ||
| Q4 24 | $1.0B | $157.7M | ||
| Q3 24 | $1.0B | $49.5M | ||
| Q2 24 | $761.4M | $73.4M | ||
| Q1 24 | $865.8M | $81.2M |
总债务ALGNPACS
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ALGNPACS
| Q4 25 | $4.0B | $946.8M | ||
| Q3 25 | $4.0B | $871.3M | ||
| Q2 25 | $3.9B | $806.8M | ||
| Q1 25 | $3.8B | $750.2M | ||
| Q4 24 | $3.9B | $709.6M | ||
| Q3 24 | $3.9B | $660.0M | ||
| Q2 24 | $3.8B | $572.1M | ||
| Q1 24 | $3.8B | $128.0M |
总资产ALGNPACS
| Q4 25 | $6.2B | $5.6B | ||
| Q3 25 | $6.2B | $5.6B | ||
| Q2 25 | $6.2B | $5.5B | ||
| Q1 25 | $6.1B | $5.5B | ||
| Q4 24 | $6.2B | $5.2B | ||
| Q3 24 | $6.4B | $4.5B | ||
| Q2 24 | $6.2B | $3.9B | ||
| Q1 24 | $6.2B | $3.9B |
负债/权益比ALGNPACS
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $223.2M | $-3.4M |
| 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× | -0.06× |
| 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ALGNPACS
| Q4 25 | $223.2M | $-3.4M | ||
| Q3 25 | $188.7M | $204.8M | ||
| Q2 25 | $128.7M | $52.6M | ||
| Q1 25 | $52.7M | $150.2M | ||
| Q4 24 | $286.1M | $64.6M | ||
| Q3 24 | $263.7M | $209.2M | ||
| Q2 24 | $159.8M | $34.8M | ||
| Q1 24 | $28.7M | $58.8M |
自由现金流ALGNPACS
| Q4 25 | $187.3M | — | ||
| Q3 25 | $169.0M | — | ||
| Q2 25 | $107.2M | — | ||
| Q1 25 | $27.4M | — | ||
| Q4 24 | $263.1M | — | ||
| Q3 24 | $233.9M | — | ||
| Q2 24 | $106.4M | — | ||
| Q1 24 | $19.3M | — |
自由现金流率ALGNPACS
| Q4 25 | 17.9% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | 1.9% | — |
资本支出强度ALGNPACS
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 0.9% | — |
现金转化率ALGNPACS
| Q4 25 | 1.64× | -0.06× | ||
| Q3 25 | 3.33× | 3.91× | ||
| Q2 25 | 1.03× | 1.03× | ||
| Q1 25 | 0.57× | 5.28× | ||
| Q4 24 | 2.76× | 33.78× | ||
| Q3 24 | 2.27× | 13.39× | ||
| Q2 24 | 1.66× | — | ||
| Q1 24 | 0.27× | 1.20× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
