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Alignment Healthcare, Inc.（ALHC）与美国运通（AXP）财务数据对比。点击上方公司名可切换其他公司
Alignment Healthcare, Inc.的季度营收约是美国运通的53.6倍（$1.0B vs $18.9M）。美国运通净利率更高（15.7% vs -1.1%，领先16.8%）。Alignment Healthcare, Inc.同比增速更快（44.4% vs 11.4%）。过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs -95.6%）
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。
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
ALHC vs AXP — 直观对比
营收规模更大
ALHC
是对方的53.6倍
$18.9M
营收增速更快
ALHC
高出33.0%
11.4%
净利率更高
AXP
高出16.8%
-1.1%
两年增速更快
ALHC
近两年复合增速
-95.6%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $18.9M |
| 净利润 | $-11.0M | $3.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.0% | — |
| 净利率 | -1.1% | 15.7% |
| 营收同比 | 44.4% | 11.4% |
| 净利润同比 | 64.6% | 15.0% |
| 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ALHCAXP
| Q1 26 | — | $18.9M | ||
| Q4 25 | $1.0B | $10.9B | ||
| Q3 25 | $993.7M | $10.4B | ||
| Q2 25 | $1.0B | $10.3B | ||
| Q1 25 | $926.9M | $9.6B | ||
| Q4 24 | $701.2M | $10.0B | ||
| Q3 24 | $692.4M | $9.7B | ||
| Q2 24 | $681.3M | $9.8B |
净利润ALHCAXP
| Q1 26 | — | $3.0M | ||
| Q4 25 | $-11.0M | $2.5B | ||
| Q3 25 | $3.7M | $2.9B | ||
| Q2 25 | $15.7M | $2.9B | ||
| Q1 25 | $-9.1M | $2.6B | ||
| Q4 24 | $-31.1M | $2.2B | ||
| Q3 24 | $-26.4M | $2.5B | ||
| Q2 24 | $-24.0M | $3.0B |
营业利润率ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 28.2% | ||
| Q3 25 | 0.8% | 36.7% | ||
| Q2 25 | 2.2% | 34.4% | ||
| Q1 25 | -0.6% | 34.6% | ||
| Q4 24 | -3.2% | 27.7% | ||
| Q3 24 | -2.8% | 33.0% | ||
| Q2 24 | -2.7% | 38.6% |
净利率ALHCAXP
| Q1 26 | — | 15.7% | ||
| Q4 25 | -1.1% | 22.5% | ||
| Q3 25 | 0.4% | 27.9% | ||
| Q2 25 | 1.5% | 28.0% | ||
| Q1 25 | -1.0% | 26.8% | ||
| Q4 24 | -4.4% | 21.8% | ||
| Q3 24 | -3.8% | 25.8% | ||
| Q2 24 | -3.5% | 30.7% |
每股收益（稀释后）ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $3.52 | ||
| Q3 25 | $0.02 | $4.14 | ||
| Q2 25 | $0.07 | $4.08 | ||
| Q1 25 | $-0.05 | $3.64 | ||
| Q4 24 | $-0.15 | $3.04 | ||
| Q3 24 | $-0.14 | $3.49 | ||
| Q2 24 | $-0.13 | $4.15 |
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 | — |
| 总债务越低越好 | $323.2M | $60.4M |
| 股东权益账面价值 | $179.3M | $34.0M |
| 总资产 | $1.1B | $308.9M |
| 负债/权益比越低杠杆越低 | 1.80× | 1.78× |
8季度趋势，按日历期对齐
现金及短期投资ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | $604.2M | $742.0M | ||
| Q3 25 | $644.1M | $1.3B | ||
| Q2 25 | $503.8M | $197.0M | ||
| Q1 25 | $479.5M | $261.0M | ||
| Q4 24 | $470.6M | $221.0M | ||
| Q3 24 | $381.0M | $120.0M | ||
| Q2 24 | $363.7M | $188.0M |
总债务ALHCAXP
| Q1 26 | — | $60.4M | ||
| Q4 25 | $323.2M | $56.4B | ||
| Q3 25 | $322.7M | $57.8B | ||
| Q2 25 | $322.3M | $58.2B | ||
| Q1 25 | $321.9M | $51.2B | ||
| Q4 24 | $321.4M | $49.7B | ||
| Q3 24 | $212.0M | $53.5B | ||
| Q2 24 | $211.7M | $51.5B |
股东权益ALHCAXP
| Q1 26 | — | $34.0M | ||
| Q4 25 | $179.3M | $33.5B | ||
| Q3 25 | $161.9M | $32.4B | ||
| Q2 25 | $141.0M | $32.3B | ||
| Q1 25 | $108.1M | $31.2B | ||
| Q4 24 | $99.9M | $30.3B | ||
| Q3 24 | $114.5M | $29.7B | ||
| Q2 24 | $123.7M | $29.5B |
总资产ALHCAXP
| Q1 26 | — | $308.9M | ||
| Q4 25 | $1.1B | $300.1B | ||
| Q3 25 | $1.1B | $297.6B | ||
| Q2 25 | $1.0B | $295.6B | ||
| Q1 25 | $895.6M | $282.2B | ||
| Q4 24 | $782.1M | $271.5B | ||
| Q3 24 | $692.3M | $271.0B | ||
| Q2 24 | $716.3M | $272.2B |
负债/权益比ALHCAXP
| Q1 26 | — | 1.78× | ||
| Q4 25 | 1.80× | 1.68× | ||
| Q3 25 | 1.99× | 1.78× | ||
| Q2 25 | 2.29× | 1.80× | ||
| Q1 25 | 2.98× | 1.64× | ||
| Q4 24 | 3.22× | 1.64× | ||
| Q3 24 | 1.85× | 1.80× | ||
| Q2 24 | 1.71× | 1.74× |
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 | — |
| 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% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | $-50.4M | $3.1B | ||
| Q3 25 | $144.6M | $6.2B | ||
| Q2 25 | $29.1M | $4.4B | ||
| Q1 25 | $16.6M | $4.8B | ||
| Q4 24 | $-8.7M | $5.8B | ||
| Q3 24 | $26.2M | $-1.8B | ||
| Q2 24 | $23.5M | $4.5B |
自由现金流ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $2.3B | ||
| Q3 25 | $139.1M | $5.6B | ||
| Q2 25 | $21.1M | $3.7B | ||
| Q1 25 | $8.4M | $4.3B | ||
| Q4 24 | $-18.0M | $5.3B | ||
| Q3 24 | $16.9M | $-2.3B | ||
| Q2 24 | $11.8M | $4.0B |
自由现金流率ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 21.4% | ||
| Q3 25 | 14.0% | 53.6% | ||
| Q2 25 | 2.1% | 36.3% | ||
| Q1 25 | 0.9% | 45.0% | ||
| Q4 24 | -2.6% | 53.1% | ||
| Q3 24 | 2.4% | -23.3% | ||
| Q2 24 | 1.7% | 40.4% |
资本支出强度ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 6.6% | ||
| Q3 25 | 0.6% | 6.3% | ||
| Q2 25 | 0.8% | 6.0% | ||
| Q1 25 | 0.9% | 4.5% | ||
| Q4 24 | 1.3% | 5.0% | ||
| Q3 24 | 1.3% | 4.7% | ||
| Q2 24 | 1.7% | 5.8% |
现金转化率ALHCAXP
| Q1 26 | — | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | 38.77× | 2.15× | ||
| Q2 25 | 1.86× | 1.51× | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | — | 2.66× | ||
| Q3 24 | — | -0.72× | ||
| Q2 24 | — | 1.50× |
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
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
