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爱齐科技（ALGN）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.4倍（$1.0B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 13.0%，领先21.7%），Reddit, Inc.同比增速更快（69.7% vs 5.3%），Reddit, Inc.自由现金流更多（$263.6M vs $187.3M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
ALGN vs RDDT — 直观对比
营收规模更大
ALGN
是对方的1.4倍
$725.6M
营收增速更快
RDDT
高出64.4%
5.3%
净利率更高
RDDT
高出21.7%
13.0%
自由现金流更多
RDDT
多$76.4M
$187.3M
两年增速更快
RDDT
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $725.6M |
| 净利润 | $135.8M | $251.6M |
| 毛利率 | 65.3% | 91.9% |
| 营业利润率 | 14.8% | 31.9% |
| 净利率 | 13.0% | 34.7% |
| 营收同比 | 5.3% | 69.7% |
| 净利润同比 | 30.8% | 254.2% |
| 每股收益（稀释后） | $1.88 | $1.24 |
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ALGNRDDT
| Q4 25 | $1.0B | $725.6M | ||
| Q3 25 | $995.7M | $584.9M | ||
| Q2 25 | $1.0B | $499.6M | ||
| Q1 25 | $979.3M | $392.4M | ||
| Q4 24 | $995.2M | $427.7M | ||
| Q3 24 | $977.9M | $348.4M | ||
| Q2 24 | $1.0B | $281.2M | ||
| Q1 24 | $997.4M | $243.0M |
净利润ALGNRDDT
| Q4 25 | $135.8M | $251.6M | ||
| Q3 25 | $56.8M | $162.7M | ||
| Q2 25 | $124.6M | $89.3M | ||
| Q1 25 | $93.2M | $26.2M | ||
| Q4 24 | $103.8M | $71.0M | ||
| Q3 24 | $116.0M | $29.9M | ||
| Q2 24 | $96.6M | $-10.1M | ||
| Q1 24 | $105.0M | $-575.1M |
毛利率ALGNRDDT
| Q4 25 | 65.3% | 91.9% | ||
| Q3 25 | 64.2% | 91.0% | ||
| Q2 25 | 69.9% | 90.8% | ||
| Q1 25 | 69.5% | 90.5% | ||
| Q4 24 | 70.0% | 92.6% | ||
| Q3 24 | 69.7% | 90.1% | ||
| Q2 24 | 70.3% | 89.5% | ||
| Q1 24 | 70.0% | 88.6% |
营业利润率ALGNRDDT
| Q4 25 | 14.8% | 31.9% | ||
| Q3 25 | 9.7% | 23.7% | ||
| Q2 25 | 16.1% | 13.6% | ||
| Q1 25 | 13.4% | 1.0% | ||
| Q4 24 | 14.5% | 12.4% | ||
| Q3 24 | 16.6% | 2.0% | ||
| Q2 24 | 14.3% | -11.0% | ||
| Q1 24 | 15.5% | -242.5% |
净利率ALGNRDDT
| Q4 25 | 13.0% | 34.7% | ||
| Q3 25 | 5.7% | 27.8% | ||
| Q2 25 | 12.3% | 17.9% | ||
| Q1 25 | 9.5% | 6.7% | ||
| Q4 24 | 10.4% | 16.6% | ||
| Q3 24 | 11.9% | 8.6% | ||
| Q2 24 | 9.4% | -3.6% | ||
| Q1 24 | 10.5% | -236.7% |
每股收益（稀释后）ALGNRDDT
| Q4 25 | $1.88 | $1.24 | ||
| Q3 25 | $0.78 | $0.80 | ||
| Q2 25 | $1.72 | $0.45 | ||
| Q1 25 | $1.27 | $0.13 | ||
| Q4 24 | $1.40 | $4.76 | ||
| Q3 24 | $1.55 | $0.16 | ||
| Q2 24 | $1.28 | $-0.06 | ||
| Q1 24 | $1.39 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $2.9B |
| 总资产 | $6.2B | $3.2B |
| 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ALGNRDDT
| Q4 25 | $1.1B | $953.6M | ||
| Q3 25 | $1.0B | $911.7M | ||
| Q2 25 | $901.2M | $734.1M | ||
| Q1 25 | $873.0M | $635.7M | ||
| Q4 24 | $1.0B | $562.1M | ||
| Q3 24 | $1.0B | $515.9M | ||
| Q2 24 | $761.4M | $468.0M | ||
| Q1 24 | $865.8M | $968.5M |
股东权益ALGNRDDT
| Q4 25 | $4.0B | $2.9B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $3.9B | $2.4B | ||
| Q1 25 | $3.8B | $2.2B | ||
| Q4 24 | $3.9B | $2.1B | ||
| Q3 24 | $3.9B | $2.0B | ||
| Q2 24 | $3.8B | $1.9B | ||
| Q1 24 | $3.8B | $1.8B |
总资产ALGNRDDT
| Q4 25 | $6.2B | $3.2B | ||
| Q3 25 | $6.2B | $2.9B | ||
| Q2 25 | $6.2B | $2.6B | ||
| Q1 25 | $6.1B | $2.4B | ||
| Q4 24 | $6.2B | $2.3B | ||
| Q3 24 | $6.4B | $2.2B | ||
| Q2 24 | $6.2B | $2.1B | ||
| Q1 24 | $6.2B | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $187.3M | $263.6M |
| 自由现金流率自由现金流/营收 | 17.9% | 36.3% |
| 资本支出强度资本支出/营收 | 3.4% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.64× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $490.8M | $684.2M |
8季度趋势，按日历期对齐
经营现金流ALGNRDDT
| Q4 25 | $223.2M | $266.8M | ||
| Q3 25 | $188.7M | $185.2M | ||
| Q2 25 | $128.7M | $111.3M | ||
| Q1 25 | $52.7M | $127.6M | ||
| Q4 24 | $286.1M | $90.0M | ||
| Q3 24 | $263.7M | $71.6M | ||
| Q2 24 | $159.8M | $28.4M | ||
| Q1 24 | $28.7M | $32.1M |
自由现金流ALGNRDDT
| Q4 25 | $187.3M | $263.6M | ||
| Q3 25 | $169.0M | $183.1M | ||
| Q2 25 | $107.2M | $110.8M | ||
| Q1 25 | $27.4M | $126.6M | ||
| Q4 24 | $263.1M | $89.2M | ||
| Q3 24 | $233.9M | $70.3M | ||
| Q2 24 | $106.4M | $27.2M | ||
| Q1 24 | $19.3M | $29.2M |
自由现金流率ALGNRDDT
| Q4 25 | 17.9% | 36.3% | ||
| Q3 25 | 17.0% | 31.3% | ||
| Q2 25 | 10.6% | 22.2% | ||
| Q1 25 | 2.8% | 32.3% | ||
| Q4 24 | 26.4% | 20.8% | ||
| Q3 24 | 23.9% | 20.2% | ||
| Q2 24 | 10.3% | 9.7% | ||
| Q1 24 | 1.9% | 12.0% |
资本支出强度ALGNRDDT
| Q4 25 | 3.4% | 0.4% | ||
| Q3 25 | 2.0% | 0.4% | ||
| Q2 25 | 2.1% | 0.1% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 3.0% | 0.4% | ||
| Q2 24 | 5.2% | 0.4% | ||
| Q1 24 | 0.9% | 1.2% |
现金转化率ALGNRDDT
| Q4 25 | 1.64× | 1.06× | ||
| Q3 25 | 3.33× | 1.14× | ||
| Q2 25 | 1.03× | 1.25× | ||
| Q1 25 | 0.57× | 4.88× | ||
| Q4 24 | 2.76× | 1.27× | ||
| Q3 24 | 2.27× | 2.40× | ||
| Q2 24 | 1.66× | — | ||
| Q1 24 | 0.27× | — |
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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
