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Alignment Healthcare, Inc.（ALHC）与BRUNSWICK CORP（BC）财务数据对比。点击上方公司名可切换其他公司
BRUNSWICK CORP的季度营收约是Alignment Healthcare, Inc.的1.3倍（$1.3B vs $1.0B），BRUNSWICK CORP净利率更高（1.4% vs -1.1%，领先2.5%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 15.5%），BRUNSWICK CORP自由现金流更多（$83.6M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs -1.1%）
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Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
ALHC vs BC — 直观对比
营收规模更大
BC
是对方的1.3倍
$1.0B
营收增速更快
ALHC
高出28.9%
15.5%
净利率更高
BC
高出2.5%
-1.1%
自由现金流更多
BC
多$139.0M
$-55.4M
两年增速更快
ALHC
近两年复合增速
-1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $-11.0M | $18.7M |
| 毛利率 | — | 23.1% |
| 营业利润率 | -1.0% | 3.1% |
| 净利率 | -1.1% | 1.4% |
| 营收同比 | 44.4% | 15.5% |
| 净利润同比 | 64.6% | 122.7% |
| 每股收益（稀释后） | $-0.04 | $0.32 |
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ALHCBC
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $993.7M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $926.9M | $1.2B | ||
| Q4 24 | $701.2M | $1.2B | ||
| Q3 24 | $692.4M | $1.3B | ||
| Q2 24 | $681.3M | $1.4B | ||
| Q1 24 | $628.6M | $1.4B |
净利润ALHCBC
| Q4 25 | $-11.0M | $18.7M | ||
| Q3 25 | $3.7M | $-235.5M | ||
| Q2 25 | $15.7M | $59.3M | ||
| Q1 25 | $-9.1M | $20.2M | ||
| Q4 24 | $-31.1M | $-82.5M | ||
| Q3 24 | $-26.4M | $44.6M | ||
| Q2 24 | $-24.0M | $100.0M | ||
| Q1 24 | $-46.5M | $68.0M |
毛利率ALHCBC
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 21.9% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 27.4% |
营业利润率ALHCBC
| Q4 25 | -1.0% | 3.1% | ||
| Q3 25 | 0.8% | -17.8% | ||
| Q2 25 | 2.2% | 7.1% | ||
| Q1 25 | -0.6% | 4.6% | ||
| Q4 24 | -3.2% | -4.8% | ||
| Q3 24 | -2.8% | 7.7% | ||
| Q2 24 | -2.7% | 11.0% | ||
| Q1 24 | -6.5% | 8.1% |
净利率ALHCBC
| Q4 25 | -1.1% | 1.4% | ||
| Q3 25 | 0.4% | -17.3% | ||
| Q2 25 | 1.5% | 4.1% | ||
| Q1 25 | -1.0% | 1.7% | ||
| Q4 24 | -4.4% | -7.1% | ||
| Q3 24 | -3.8% | 3.5% | ||
| Q2 24 | -3.5% | 6.9% | ||
| Q1 24 | -7.4% | 5.0% |
每股收益（稀释后）ALHCBC
| Q4 25 | $-0.04 | $0.32 | ||
| Q3 25 | $0.02 | $-3.59 | ||
| Q2 25 | $0.07 | $0.89 | ||
| Q1 25 | $-0.05 | $0.30 | ||
| Q4 24 | $-0.15 | $-1.21 | ||
| Q3 24 | $-0.14 | $0.67 | ||
| Q2 24 | $-0.13 | $1.48 | ||
| Q1 24 | $-0.25 | $0.99 |
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 | $256.8M |
| 总债务越低越好 | $323.2M | $2.1B |
| 股东权益账面价值 | $179.3M | $1.6B |
| 总资产 | $1.1B | $5.3B |
| 负债/权益比越低杠杆越低 | 1.80× | 1.30× |
8季度趋势，按日历期对齐
现金及短期投资ALHCBC
| Q4 25 | $604.2M | $256.8M | ||
| Q3 25 | $644.1M | $297.7M | ||
| Q2 25 | $503.8M | $315.7M | ||
| Q1 25 | $479.5M | $286.7M | ||
| Q4 24 | $470.6M | $269.0M | ||
| Q3 24 | $381.0M | $284.1M | ||
| Q2 24 | $363.7M | $494.5M | ||
| Q1 24 | $301.7M | $548.4M |
总债务ALHCBC
| Q4 25 | $323.2M | $2.1B | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | $2.4B | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — | ||
| Q1 24 | $162.0M | — |
股东权益ALHCBC
| Q4 25 | $179.3M | $1.6B | ||
| Q3 25 | $161.9M | $1.6B | ||
| Q2 25 | $141.0M | $1.9B | ||
| Q1 25 | $108.1M | $1.9B | ||
| Q4 24 | $99.9M | $1.9B | ||
| Q3 24 | $114.5M | $2.0B | ||
| Q2 24 | $123.7M | $2.0B | ||
| Q1 24 | $130.9M | $2.0B |
总资产ALHCBC
| Q4 25 | $1.1B | $5.3B | ||
| Q3 25 | $1.1B | $5.4B | ||
| Q2 25 | $1.0B | $5.8B | ||
| Q1 25 | $895.6M | $5.9B | ||
| Q4 24 | $782.1M | $5.7B | ||
| Q3 24 | $692.3M | $6.0B | ||
| Q2 24 | $716.3M | $6.4B | ||
| Q1 24 | $633.2M | $6.5B |
负债/权益比ALHCBC
| Q4 25 | 1.80× | 1.30× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | 1.25× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.71× | — | ||
| Q1 24 | 1.24× | — |
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 | $-50.4M | $132.9M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $83.6M |
| 自由现金流率自由现金流/营收 | -5.5% | 6.3% |
| 资本支出强度资本支出/营收 | 0.5% | 3.7% |
| 现金转化率经营现金流/净利润 | — | 7.11× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $396.3M |
8季度趋势，按日历期对齐
经营现金流ALHCBC
| Q4 25 | $-50.4M | $132.9M | ||
| Q3 25 | $144.6M | $140.4M | ||
| Q2 25 | $29.1M | $316.2M | ||
| Q1 25 | $16.6M | $-27.4M | ||
| Q4 24 | $-8.7M | $306.4M | ||
| Q3 24 | $26.2M | $67.4M | ||
| Q2 24 | $23.5M | $211.0M | ||
| Q1 24 | $-6.2M | $-153.4M |
自由现金流ALHCBC
| Q4 25 | $-55.4M | $83.6M | ||
| Q3 25 | $139.1M | $106.5M | ||
| Q2 25 | $21.1M | $271.3M | ||
| Q1 25 | $8.4M | $-65.1M | ||
| Q4 24 | $-18.0M | $276.1M | ||
| Q3 24 | $16.9M | $31.4M | ||
| Q2 24 | $11.8M | $163.9M | ||
| Q1 24 | $-17.4M | $-207.4M |
自由现金流率ALHCBC
| Q4 25 | -5.5% | 6.3% | ||
| Q3 25 | 14.0% | 7.8% | ||
| Q2 25 | 2.1% | 18.7% | ||
| Q1 25 | 0.9% | -5.3% | ||
| Q4 24 | -2.6% | 23.9% | ||
| Q3 24 | 2.4% | 2.5% | ||
| Q2 24 | 1.7% | 11.4% | ||
| Q1 24 | -2.8% | -15.2% |
资本支出强度ALHCBC
| Q4 25 | 0.5% | 3.7% | ||
| Q3 25 | 0.6% | 2.5% | ||
| Q2 25 | 0.8% | 3.1% | ||
| Q1 25 | 0.9% | 3.1% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 1.3% | 2.8% | ||
| Q2 24 | 1.7% | 3.3% | ||
| Q1 24 | 1.8% | 4.0% |
现金转化率ALHCBC
| Q4 25 | — | 7.11× | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | 5.33× | ||
| Q1 25 | — | -1.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | -2.26× |
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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
