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Alignment Healthcare, Inc.（ALHC）与安朗杰（ALLE）财务数据对比。点击上方公司名可切换其他公司
安朗杰的季度营收约是Alignment Healthcare, Inc.的1.0倍（$1.0B vs $1.0B），安朗杰净利率更高（13.4% vs -1.1%，领先14.4%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 9.7%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 3.5%）
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。
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
ALHC vs ALLE — 直观对比
营收规模更大
ALLE
是对方的1.0倍
$1.0B
营收增速更快
ALHC
高出34.7%
9.7%
净利率更高
ALLE
高出14.4%
-1.1%
两年增速更快
ALHC
近两年复合增速
3.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.0B |
| 净利润 | $-11.0M | $138.1M |
| 毛利率 | — | 44.0% |
| 营业利润率 | -1.0% | 18.9% |
| 净利率 | -1.1% | 13.4% |
| 营收同比 | 44.4% | 9.7% |
| 净利润同比 | 64.6% | -6.8% |
| 每股收益（稀释后） | $-0.04 | — |
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ALHCALLE
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $993.7M | $1.1B | ||
| Q2 25 | $1.0B | $1.0B | ||
| Q1 25 | $926.9M | $941.9M | ||
| Q4 24 | $701.2M | $945.6M | ||
| Q3 24 | $692.4M | $967.1M | ||
| Q2 24 | $681.3M | $965.6M |
净利润ALHCALLE
| Q1 26 | — | $138.1M | ||
| Q4 25 | $-11.0M | $147.5M | ||
| Q3 25 | $3.7M | $188.4M | ||
| Q2 25 | $15.7M | $159.7M | ||
| Q1 25 | $-9.1M | $148.2M | ||
| Q4 24 | $-31.1M | $144.1M | ||
| Q3 24 | $-26.4M | $174.2M | ||
| Q2 24 | $-24.0M | $155.4M |
毛利率ALHCALLE
| Q1 26 | — | 44.0% | ||
| Q4 25 | — | 44.5% | ||
| Q3 25 | — | 45.8% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 44.9% | ||
| Q4 24 | — | 44.1% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% |
营业利润率ALHCALLE
| Q1 26 | — | 18.9% | ||
| Q4 25 | -1.0% | 20.3% | ||
| Q3 25 | 0.8% | 21.8% | ||
| Q2 25 | 2.2% | 21.5% | ||
| Q1 25 | -0.6% | 20.9% | ||
| Q4 24 | -3.2% | 19.5% | ||
| Q3 24 | -2.8% | 22.2% | ||
| Q2 24 | -2.7% | 21.6% |
净利率ALHCALLE
| Q1 26 | — | 13.4% | ||
| Q4 25 | -1.1% | 14.3% | ||
| Q3 25 | 0.4% | 17.6% | ||
| Q2 25 | 1.5% | 15.6% | ||
| Q1 25 | -1.0% | 15.7% | ||
| Q4 24 | -4.4% | 15.2% | ||
| Q3 24 | -3.8% | 18.0% | ||
| Q2 24 | -3.5% | 16.1% |
每股收益（稀释后）ALHCALLE
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $1.70 | ||
| Q3 25 | $0.02 | $2.18 | ||
| Q2 25 | $0.07 | $1.85 | ||
| Q1 25 | $-0.05 | $1.71 | ||
| Q4 24 | $-0.15 | $1.65 | ||
| Q3 24 | $-0.14 | $1.99 | ||
| Q2 24 | $-0.13 | $1.77 |
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 | $308.9M |
| 总债务越低越好 | $323.2M | $2.0B |
| 股东权益账面价值 | $179.3M | $2.1B |
| 总资产 | $1.1B | $5.3B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资ALHCALLE
| Q1 26 | — | $308.9M | ||
| Q4 25 | $604.2M | $356.2M | ||
| Q3 25 | $644.1M | $302.7M | ||
| Q2 25 | $503.8M | $656.8M | ||
| Q1 25 | $479.5M | $494.5M | ||
| Q4 24 | $470.6M | $503.8M | ||
| Q3 24 | $381.0M | $878.9M | ||
| Q2 24 | $363.7M | $747.5M |
总债务ALHCALLE
| Q1 26 | — | $2.0B | ||
| Q4 25 | $323.2M | $2.0B | ||
| Q3 25 | $322.7M | $2.1B | ||
| Q2 25 | $322.3M | $2.1B | ||
| Q1 25 | $321.9M | $2.0B | ||
| Q4 24 | $321.4M | $2.0B | ||
| Q3 24 | $212.0M | $2.4B | ||
| Q2 24 | $211.7M | $2.4B |
股东权益ALHCALLE
| Q1 26 | — | $2.1B | ||
| Q4 25 | $179.3M | $2.1B | ||
| Q3 25 | $161.9M | $1.9B | ||
| Q2 25 | $141.0M | $1.8B | ||
| Q1 25 | $108.1M | $1.6B | ||
| Q4 24 | $99.9M | $1.5B | ||
| Q3 24 | $114.5M | $1.6B | ||
| Q2 24 | $123.7M | $1.4B |
总资产ALHCALLE
| Q1 26 | — | $5.3B | ||
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | $1.1B | $5.2B | ||
| Q2 25 | $1.0B | $4.9B | ||
| Q1 25 | $895.6M | $4.6B | ||
| Q4 24 | $782.1M | $4.5B | ||
| Q3 24 | $692.3M | $5.0B | ||
| Q2 24 | $716.3M | $4.8B |
负债/权益比ALHCALLE
| Q1 26 | — | 0.97× | ||
| Q4 25 | 1.80× | 0.96× | ||
| Q3 25 | 1.99× | 1.07× | ||
| Q2 25 | 2.29× | 1.16× | ||
| Q1 25 | 2.98× | 1.24× | ||
| Q4 24 | 3.22× | 1.33× | ||
| Q3 24 | 1.85× | 1.53× | ||
| Q2 24 | 1.71× | 1.69× |
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 | $101.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | — |
| 自由现金流率自由现金流/营收 | -5.5% | — |
| 资本支出强度资本支出/营收 | 0.5% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 0.73× |
| 过去12个月自由现金流最近4个季度 | $113.1M | — |
8季度趋势，按日历期对齐
经营现金流ALHCALLE
| Q1 26 | — | $101.3M | ||
| Q4 25 | $-50.4M | $240.1M | ||
| Q3 25 | $144.6M | $229.5M | ||
| Q2 25 | $29.1M | $209.7M | ||
| Q1 25 | $16.6M | $104.5M | ||
| Q4 24 | $-8.7M | $219.0M | ||
| Q3 24 | $26.2M | $231.9M | ||
| Q2 24 | $23.5M | $173.0M |
自由现金流ALHCALLE
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $200.5M | ||
| Q3 25 | $139.1M | $209.8M | ||
| Q2 25 | $21.1M | $192.0M | ||
| Q1 25 | $8.4M | $83.4M | ||
| Q4 24 | $-18.0M | $194.9M | ||
| Q3 24 | $16.9M | $212.0M | ||
| Q2 24 | $11.8M | $152.1M |
自由现金流率ALHCALLE
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 19.4% | ||
| Q3 25 | 14.0% | 19.6% | ||
| Q2 25 | 2.1% | 18.8% | ||
| Q1 25 | 0.9% | 8.9% | ||
| Q4 24 | -2.6% | 20.6% | ||
| Q3 24 | 2.4% | 21.9% | ||
| Q2 24 | 1.7% | 15.8% |
资本支出强度ALHCALLE
| Q1 26 | — | 2.0% | ||
| Q4 25 | 0.5% | 3.8% | ||
| Q3 25 | 0.6% | 1.8% | ||
| Q2 25 | 0.8% | 1.7% | ||
| Q1 25 | 0.9% | 2.2% | ||
| Q4 24 | 1.3% | 2.5% | ||
| Q3 24 | 1.3% | 2.1% | ||
| Q2 24 | 1.7% | 2.2% |
现金转化率ALHCALLE
| Q1 26 | — | 0.73× | ||
| Q4 25 | — | 1.63× | ||
| Q3 25 | 38.77× | 1.22× | ||
| Q2 25 | 1.86× | 1.31× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.11× |
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
ALHC
暂无分部数据
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
