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Alignment Healthcare, Inc.（ALHC）与好事达（ALL）财务数据对比。点击上方公司名可切换其他公司
好事达的季度营收约是Alignment Healthcare, Inc.的17.1倍（$17.3B vs $1.0B）。好事达净利率更高（22.1% vs -1.1%，领先23.2%）。Alignment Healthcare, Inc.同比增速更快（44.4% vs 5.1%）。好事达自由现金流更多（$2.9B vs $-55.4M）。过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 6.6%）
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。
好事达集团是面向美国、加拿大市场的综合性保险服务商，提供财产险、意外险及其他保险产品。旗下设好事达保险、保障服务、健康福利、到期财产责任险四大板块，主营私人乘用车险、房屋保险，亦覆盖摩托车、房车、越野车等特种车险及各类个人保险产品。
ALHC vs ALL — 直观对比
营收规模更大
ALL
是对方的17.1倍
$1.0B
营收增速更快
ALHC
高出39.3%
5.1%
净利率更高
ALL
高出23.2%
-1.1%
自由现金流更多
ALL
多$3.0B
$-55.4M
两年增速更快
ALHC
近两年复合增速
6.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $17.3B |
| 净利润 | $-11.0M | $3.8B |
| 毛利率 | — | — |
| 营业利润率 | -1.0% | — |
| 净利率 | -1.1% | 22.1% |
| 营收同比 | 44.4% | 5.1% |
| 净利润同比 | 64.6% | 98.8% |
| 每股收益（稀释后） | $-0.04 | $14.24 |
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ALHCALL
| Q4 25 | $1.0B | $17.3B | ||
| Q3 25 | $993.7M | $17.3B | ||
| Q2 25 | $1.0B | $16.6B | ||
| Q1 25 | $926.9M | $16.5B | ||
| Q4 24 | $701.2M | $16.5B | ||
| Q3 24 | $692.4M | $16.6B | ||
| Q2 24 | $681.3M | $15.7B | ||
| Q1 24 | $628.6M | $15.3B |
净利润ALHCALL
| Q4 25 | $-11.0M | $3.8B | ||
| Q3 25 | $3.7M | $3.7B | ||
| Q2 25 | $15.7M | $2.1B | ||
| Q1 25 | $-9.1M | $595.0M | ||
| Q4 24 | $-31.1M | $1.9B | ||
| Q3 24 | $-26.4M | $1.2B | ||
| Q2 24 | $-24.0M | $331.0M | ||
| Q1 24 | $-46.5M | $1.2B |
营业利润率ALHCALL
| Q4 25 | -1.0% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.8% | — | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -6.5% | — |
净利率ALHCALL
| Q4 25 | -1.1% | 22.1% | ||
| Q3 25 | 0.4% | 21.7% | ||
| Q2 25 | 1.5% | 12.7% | ||
| Q1 25 | -1.0% | 3.6% | ||
| Q4 24 | -4.4% | 11.7% | ||
| Q3 24 | -3.8% | 7.2% | ||
| Q2 24 | -3.5% | 2.1% | ||
| Q1 24 | -7.4% | 8.0% |
每股收益（稀释后）ALHCALL
| Q4 25 | $-0.04 | $14.24 | ||
| Q3 25 | $0.02 | $13.95 | ||
| Q2 25 | $0.07 | $7.76 | ||
| Q1 25 | $-0.05 | $2.11 | ||
| Q4 24 | $-0.15 | $7.07 | ||
| Q3 24 | $-0.14 | $4.33 | ||
| Q2 24 | $-0.13 | $1.13 | ||
| Q1 24 | $-0.25 | $4.46 |
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 | $4.9B |
| 总债务越低越好 | $323.2M | $7.5B |
| 股东权益账面价值 | $179.3M | $30.6B |
| 总资产 | $1.1B | $119.8B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资ALHCALL
| Q4 25 | $604.2M | $4.9B | ||
| Q3 25 | $644.1M | $8.7B | ||
| Q2 25 | $503.8M | $9.6B | ||
| Q1 25 | $479.5M | $6.5B | ||
| Q4 24 | $470.6M | $4.5B | ||
| Q3 24 | $381.0M | $7.0B | ||
| Q2 24 | $363.7M | $5.3B | ||
| Q1 24 | $301.7M | $4.3B |
总债务ALHCALL
| Q4 25 | $323.2M | $7.5B | ||
| Q3 25 | $322.7M | $8.1B | ||
| Q2 25 | $322.3M | $8.1B | ||
| Q1 25 | $321.9M | $8.1B | ||
| Q4 24 | $321.4M | $8.1B | ||
| Q3 24 | $212.0M | $8.1B | ||
| Q2 24 | $211.7M | $8.1B | ||
| Q1 24 | $162.0M | $7.9B |
股东权益ALHCALL
| Q4 25 | $179.3M | $30.6B | ||
| Q3 25 | $161.9M | $27.5B | ||
| Q2 25 | $141.0M | $24.0B | ||
| Q1 25 | $108.1M | $22.1B | ||
| Q4 24 | $99.9M | $21.4B | ||
| Q3 24 | $114.5M | $20.9B | ||
| Q2 24 | $123.7M | $18.6B | ||
| Q1 24 | $130.9M | $18.6B |
总资产ALHCALL
| Q4 25 | $1.1B | $119.8B | ||
| Q3 25 | $1.1B | $120.4B | ||
| Q2 25 | $1.0B | $115.9B | ||
| Q1 25 | $895.6M | $115.2B | ||
| Q4 24 | $782.1M | $111.6B | ||
| Q3 24 | $692.3M | $113.7B | ||
| Q2 24 | $716.3M | $108.4B | ||
| Q1 24 | $633.2M | $105.2B |
负债/权益比ALHCALL
| Q4 25 | 1.80× | 0.24× | ||
| Q3 25 | 1.99× | 0.29× | ||
| Q2 25 | 2.29× | 0.34× | ||
| Q1 25 | 2.98× | 0.37× | ||
| Q4 24 | 3.22× | 0.38× | ||
| Q3 24 | 1.85× | 0.39× | ||
| Q2 24 | 1.71× | 0.43× | ||
| Q1 24 | 1.24× | 0.43× |
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 | $-50.4M | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $2.9B |
| 自由现金流率自由现金流/营收 | -5.5% | 16.7% |
| 资本支出强度资本支出/营收 | 0.5% | 0.5% |
| 现金转化率经营现金流/净利润 | — | 0.78× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $9.9B |
8季度趋势，按日历期对齐
经营现金流ALHCALL
| Q4 25 | $-50.4M | $3.0B | ||
| Q3 25 | $144.6M | $3.3B | ||
| Q2 25 | $29.1M | $1.9B | ||
| Q1 25 | $16.6M | $2.0B | ||
| Q4 24 | $-8.7M | $1.7B | ||
| Q3 24 | $26.2M | $3.2B | ||
| Q2 24 | $23.5M | $2.4B | ||
| Q1 24 | $-6.2M | $1.7B |
自由现金流ALHCALL
| Q4 25 | $-55.4M | $2.9B | ||
| Q3 25 | $139.1M | $3.2B | ||
| Q2 25 | $21.1M | $1.9B | ||
| Q1 25 | $8.4M | $1.9B | ||
| Q4 24 | $-18.0M | $1.7B | ||
| Q3 24 | $16.9M | $3.1B | ||
| Q2 24 | $11.8M | $2.3B | ||
| Q1 24 | $-17.4M | $1.6B |
自由现金流率ALHCALL
| Q4 25 | -5.5% | 16.7% | ||
| Q3 25 | 14.0% | 18.8% | ||
| Q2 25 | 2.1% | 11.3% | ||
| Q1 25 | 0.9% | 11.4% | ||
| Q4 24 | -2.6% | 10.0% | ||
| Q3 24 | 2.4% | 18.9% | ||
| Q2 24 | 1.7% | 14.7% | ||
| Q1 24 | -2.8% | 10.6% |
资本支出强度ALHCALL
| Q4 25 | 0.5% | 0.5% | ||
| Q3 25 | 0.6% | 0.3% | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 0.9% | 0.6% | ||
| Q4 24 | 1.3% | 0.3% | ||
| Q3 24 | 1.3% | 0.4% | ||
| Q2 24 | 1.7% | 0.4% | ||
| Q1 24 | 1.8% | 0.3% |
现金转化率ALHCALL
| Q4 25 | — | 0.78× | ||
| Q3 25 | 38.77× | 0.88× | ||
| Q2 25 | 1.86× | 0.89× | ||
| Q1 25 | — | 3.30× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 7.13× | ||
| Q1 24 | — | 1.37× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
