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Alignment Healthcare, Inc.（ALHC）与Brookdale Senior Living Inc.（BKD）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Brookdale Senior Living Inc.的1.3倍（$1.0B vs $754.1M），Alignment Healthcare, Inc.净利率更高（-1.1% vs -5.3%，领先4.2%），Alignment Healthcare, Inc.同比增速更快（44.4% vs -3.4%），Brookdale Senior Living Inc.自由现金流更多（$-29.1M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs -1.9%）
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。
布鲁克代尔老年生活公司成立于1978年，总部位于美国田纳西州布伦特伍德，是美国规模最大的老年住宅运营商，业务覆盖全美各地的养老社区，目前服务超过6万名入住老年人。
ALHC vs BKD — 直观对比
营收规模更大
ALHC
是对方的1.3倍
$754.1M
营收增速更快
ALHC
高出47.9%
-3.4%
净利率更高
ALHC
高出4.2%
-5.3%
自由现金流更多
BKD
多$26.3M
$-55.4M
两年增速更快
ALHC
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $754.1M |
| 净利润 | $-11.0M | $-40.0M |
| 毛利率 | — | 24.9% |
| 营业利润率 | -1.0% | 3.0% |
| 净利率 | -1.1% | -5.3% |
| 营收同比 | 44.4% | -3.4% |
| 净利润同比 | 64.6% | 52.4% |
| 每股收益（稀释后） | $-0.04 | $-0.18 |
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ALHCBKD
| Q4 25 | $1.0B | $754.1M | ||
| Q3 25 | $993.7M | $813.2M | ||
| Q2 25 | $1.0B | $812.9M | ||
| Q1 25 | $926.9M | $813.9M | ||
| Q4 24 | $701.2M | $780.9M | ||
| Q3 24 | $692.4M | $784.2M | ||
| Q2 24 | $681.3M | $777.5M | ||
| Q1 24 | $628.6M | $782.8M |
净利润ALHCBKD
| Q4 25 | $-11.0M | $-40.0M | ||
| Q3 25 | $3.7M | $-114.7M | ||
| Q2 25 | $15.7M | $-43.0M | ||
| Q1 25 | $-9.1M | $-65.0M | ||
| Q4 24 | $-31.1M | $-83.9M | ||
| Q3 24 | $-26.4M | $-50.7M | ||
| Q2 24 | $-24.0M | $-37.7M | ||
| Q1 24 | $-46.5M | $-29.6M |
毛利率ALHCBKD
| Q4 25 | — | 24.9% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 26.6% | ||
| Q1 25 | — | 27.4% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 26.3% | ||
| Q1 24 | — | 26.1% |
营业利润率ALHCBKD
| Q4 25 | -1.0% | 3.0% | ||
| Q3 25 | 0.8% | -6.6% | ||
| Q2 25 | 2.2% | 1.8% | ||
| Q1 25 | -0.6% | 3.6% | ||
| Q4 24 | -3.2% | -0.3% | ||
| Q3 24 | -2.8% | 1.3% | ||
| Q2 24 | -2.7% | 2.5% | ||
| Q1 24 | -6.5% | 2.5% |
净利率ALHCBKD
| Q4 25 | -1.1% | -5.3% | ||
| Q3 25 | 0.4% | -14.1% | ||
| Q2 25 | 1.5% | -5.3% | ||
| Q1 25 | -1.0% | -8.0% | ||
| Q4 24 | -4.4% | -10.7% | ||
| Q3 24 | -3.8% | -6.5% | ||
| Q2 24 | -3.5% | -4.9% | ||
| Q1 24 | -7.4% | -3.8% |
每股收益（稀释后）ALHCBKD
| Q4 25 | $-0.04 | $-0.18 | ||
| Q3 25 | $0.02 | $-0.48 | ||
| Q2 25 | $0.07 | $-0.18 | ||
| Q1 25 | $-0.05 | $-0.28 | ||
| Q4 24 | $-0.15 | $-0.37 | ||
| Q3 24 | $-0.14 | $-0.22 | ||
| Q2 24 | $-0.13 | $-0.17 | ||
| Q1 24 | $-0.25 | $-0.13 |
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 | $279.1M |
| 总债务越低越好 | $323.2M | $4.3B |
| 股东权益账面价值 | $179.3M | $-44.8M |
| 总资产 | $1.1B | $6.0B |
| 负债/权益比越低杠杆越低 | 1.80× | — |
8季度趋势，按日历期对齐
现金及短期投资ALHCBKD
| Q4 25 | $604.2M | $279.1M | ||
| Q3 25 | $644.1M | $253.4M | ||
| Q2 25 | $503.8M | $251.9M | ||
| Q1 25 | $479.5M | $239.7M | ||
| Q4 24 | $470.6M | $328.8M | ||
| Q3 24 | $381.0M | $284.4M | ||
| Q2 24 | $363.7M | $309.7M | ||
| Q1 24 | $301.7M | $318.5M |
总债务ALHCBKD
| Q4 25 | $323.2M | $4.3B | ||
| Q3 25 | $322.7M | $4.3B | ||
| Q2 25 | $322.3M | $4.3B | ||
| Q1 25 | $321.9M | $4.3B | ||
| Q4 24 | $321.4M | $4.1B | ||
| Q3 24 | $212.0M | $3.7B | ||
| Q2 24 | $211.7M | $3.7B | ||
| Q1 24 | $162.0M | $3.8B |
股东权益ALHCBKD
| Q4 25 | $179.3M | $-44.8M | ||
| Q3 25 | $161.9M | $-6.7M | ||
| Q2 25 | $141.0M | $105.4M | ||
| Q1 25 | $108.1M | $146.7M | ||
| Q4 24 | $99.9M | $212.5M | ||
| Q3 24 | $114.5M | $292.9M | ||
| Q2 24 | $123.7M | $340.2M | ||
| Q1 24 | $130.9M | $374.0M |
总资产ALHCBKD
| Q4 25 | $1.1B | $6.0B | ||
| Q3 25 | $1.1B | $6.0B | ||
| Q2 25 | $1.0B | $6.1B | ||
| Q1 25 | $895.6M | $6.2B | ||
| Q4 24 | $782.1M | $6.3B | ||
| Q3 24 | $692.3M | $5.9B | ||
| Q2 24 | $716.3M | $5.5B | ||
| Q1 24 | $633.2M | $5.5B |
负债/权益比ALHCBKD
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | 40.72× | ||
| Q1 25 | 2.98× | 29.39× | ||
| Q4 24 | 3.22× | 19.12× | ||
| Q3 24 | 1.85× | 12.65× | ||
| Q2 24 | 1.71× | 10.99× | ||
| Q1 24 | 1.24× | 10.05× |
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 | $34.5M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $-29.1M |
| 自由现金流率自由现金流/营收 | -5.5% | -3.9% |
| 资本支出强度资本支出/营收 | 0.5% | 8.4% |
| 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 | $16.5M |
8季度趋势，按日历期对齐
经营现金流ALHCBKD
| Q4 25 | $-50.4M | $34.5M | ||
| Q3 25 | $144.6M | $76.5M | ||
| Q2 25 | $29.1M | $83.6M | ||
| Q1 25 | $16.6M | $23.4M | ||
| Q4 24 | $-8.7M | $45.2M | ||
| Q3 24 | $26.2M | $66.5M | ||
| Q2 24 | $23.5M | $55.7M | ||
| Q1 24 | $-6.2M | $-1.1M |
自由现金流ALHCBKD
| Q4 25 | $-55.4M | $-29.1M | ||
| Q3 25 | $139.1M | $34.9M | ||
| Q2 25 | $21.1M | $29.1M | ||
| Q1 25 | $8.4M | $-18.4M | ||
| Q4 24 | $-18.0M | $-5.1M | ||
| Q3 24 | $16.9M | $11.5M | ||
| Q2 24 | $11.8M | $4.1M | ||
| Q1 24 | $-17.4M | $-45.5M |
自由现金流率ALHCBKD
| Q4 25 | -5.5% | -3.9% | ||
| Q3 25 | 14.0% | 4.3% | ||
| Q2 25 | 2.1% | 3.6% | ||
| Q1 25 | 0.9% | -2.3% | ||
| Q4 24 | -2.6% | -0.7% | ||
| Q3 24 | 2.4% | 1.5% | ||
| Q2 24 | 1.7% | 0.5% | ||
| Q1 24 | -2.8% | -5.8% |
资本支出强度ALHCBKD
| Q4 25 | 0.5% | 8.4% | ||
| Q3 25 | 0.6% | 5.1% | ||
| Q2 25 | 0.8% | 6.7% | ||
| Q1 25 | 0.9% | 5.1% | ||
| Q4 24 | 1.3% | 6.4% | ||
| Q3 24 | 1.3% | 7.0% | ||
| Q2 24 | 1.7% | 6.6% | ||
| Q1 24 | 1.8% | 5.7% |
现金转化率ALHCBKD
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
BKD
| Assisted Living And Memory Care | $506.7M | 67% |
| Independent Living | $121.6M | 16% |
| Ccrcs Rental | $86.3M | 11% |
| Reimbursement Costs Managed Communities | $36.7M | 5% |
| Management Service | $2.9M | 0% |
