vs
Alignment Healthcare, Inc.（ALHC）与COHERENT CORP.（COHR）财务数据对比。点击上方公司名可切换其他公司
COHERENT CORP.的季度营收约是Alignment Healthcare, Inc.的1.7倍（$1.7B vs $1.0B），COHERENT CORP.净利率更高（8.7% vs -1.1%，领先9.8%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 17.5%），Alignment Healthcare, Inc.自由现金流更多（$-55.4M vs $-95.7M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 18.1%）
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。
Coherent Corp.是美国专业光学材料与半导体生产商，2023年全球员工规模达26622人。2022年原II-VI公司收购激光制造商Coherent, Inc.后更名为现名，产品广泛应用于通信、工业、医疗等众多领域。
ALHC vs COHR — 直观对比
营收规模更大
COHR
是对方的1.7倍
$1.0B
营收增速更快
ALHC
高出26.9%
17.5%
净利率更高
COHR
高出9.8%
-1.1%
自由现金流更多
ALHC
多$40.3M
$-95.7M
两年增速更快
ALHC
近两年复合增速
18.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.7B |
| 净利润 | $-11.0M | $146.7M |
| 毛利率 | — | 36.9% |
| 营业利润率 | -1.0% | 10.0% |
| 净利率 | -1.1% | 8.7% |
| 营收同比 | 44.4% | 17.5% |
| 净利润同比 | 64.6% | 41.9% |
| 每股收益（稀释后） | $-0.04 | $0.76 |
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ALHCCOHR
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $993.7M | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $926.9M | $1.5B | ||
| Q4 24 | $701.2M | $1.4B | ||
| Q3 24 | $692.4M | $1.3B | ||
| Q2 24 | $681.3M | $1.3B | ||
| Q1 24 | $628.6M | $1.2B |
净利润ALHCCOHR
| Q4 25 | $-11.0M | $146.7M | ||
| Q3 25 | $3.7M | $226.3M | ||
| Q2 25 | $15.7M | $-95.6M | ||
| Q1 25 | $-9.1M | $15.7M | ||
| Q4 24 | $-31.1M | $103.4M | ||
| Q3 24 | $-26.4M | $25.9M | ||
| Q2 24 | $-24.0M | $-48.4M | ||
| Q1 24 | $-46.5M | $-13.2M |
毛利率ALHCCOHR
| Q4 25 | — | 36.9% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 34.1% | ||
| Q2 24 | — | 32.9% | ||
| Q1 24 | — | 30.3% |
营业利润率ALHCCOHR
| Q4 25 | -1.0% | 10.0% | ||
| Q3 25 | 0.8% | 13.7% | ||
| Q2 25 | 2.2% | -4.1% | ||
| Q1 25 | -0.6% | 0.7% | ||
| Q4 24 | -3.2% | 9.0% | ||
| Q3 24 | -2.8% | 1.4% | ||
| Q2 24 | -2.7% | 4.8% | ||
| Q1 24 | -6.5% | 1.8% |
净利率ALHCCOHR
| Q4 25 | -1.1% | 8.7% | ||
| Q3 25 | 0.4% | 14.3% | ||
| Q2 25 | 1.5% | -6.3% | ||
| Q1 25 | -1.0% | 1.0% | ||
| Q4 24 | -4.4% | 7.2% | ||
| Q3 24 | -3.8% | 1.9% | ||
| Q2 24 | -3.5% | -3.7% | ||
| Q1 24 | -7.4% | -1.1% |
每股收益（稀释后）ALHCCOHR
| Q4 25 | $-0.04 | $0.76 | ||
| Q3 25 | $0.02 | $1.19 | ||
| Q2 25 | $0.07 | $-0.81 | ||
| Q1 25 | $-0.05 | $-0.11 | ||
| Q4 24 | $-0.15 | $0.44 | ||
| Q3 24 | $-0.14 | $-0.04 | ||
| Q2 24 | $-0.13 | $-0.52 | ||
| Q1 24 | $-0.25 | $-0.29 |
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 | $863.7M |
| 总债务越低越好 | $323.2M | $3.4B |
| 股东权益账面价值 | $179.3M | $8.5B |
| 总资产 | $1.1B | $15.1B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资ALHCCOHR
| Q4 25 | $604.2M | $863.7M | ||
| Q3 25 | $644.1M | $852.8M | ||
| Q2 25 | $503.8M | $909.2M | ||
| Q1 25 | $479.5M | $890.3M | ||
| Q4 24 | $470.6M | $917.8M | ||
| Q3 24 | $381.0M | $1.0B | ||
| Q2 24 | $363.7M | $926.0M | ||
| Q1 24 | $301.7M | $898.6M |
总债务ALHCCOHR
| Q4 25 | $323.2M | $3.4B | ||
| Q3 25 | $322.7M | $3.3B | ||
| Q2 25 | $322.3M | $3.7B | ||
| Q1 25 | $321.9M | $3.7B | ||
| Q4 24 | $321.4M | $3.9B | ||
| Q3 24 | $212.0M | $4.0B | ||
| Q2 24 | $211.7M | $4.1B | ||
| Q1 24 | $162.0M | $4.2B |
股东权益ALHCCOHR
| Q4 25 | $179.3M | $8.5B | ||
| Q3 25 | $161.9M | $5.8B | ||
| Q2 25 | $141.0M | $5.6B | ||
| Q1 25 | $108.1M | $5.4B | ||
| Q4 24 | $99.9M | $5.2B | ||
| Q3 24 | $114.5M | $5.5B | ||
| Q2 24 | $123.7M | $5.2B | ||
| Q1 24 | $130.9M | $5.3B |
总资产ALHCCOHR
| Q4 25 | $1.1B | $15.1B | ||
| Q3 25 | $1.1B | $14.7B | ||
| Q2 25 | $1.0B | $14.9B | ||
| Q1 25 | $895.6M | $14.4B | ||
| Q4 24 | $782.1M | $14.2B | ||
| Q3 24 | $692.3M | $14.7B | ||
| Q2 24 | $716.3M | $14.5B | ||
| Q1 24 | $633.2M | $14.5B |
负债/权益比ALHCCOHR
| Q4 25 | 1.80× | 0.39× | ||
| Q3 25 | 1.99× | 0.57× | ||
| Q2 25 | 2.29× | 0.65× | ||
| Q1 25 | 2.98× | 0.70× | ||
| Q4 24 | 3.22× | 0.75× | ||
| Q3 24 | 1.85× | 0.73× | ||
| Q2 24 | 1.71× | 0.79× | ||
| Q1 24 | 1.24× | 0.78× |
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 | $57.9M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $-95.7M |
| 自由现金流率自由现金流/营收 | -5.5% | -5.7% |
| 资本支出强度资本支出/营收 | 0.5% | 9.1% |
| 现金转化率经营现金流/净利润 | — | 0.39× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $-103.6M |
8季度趋势，按日历期对齐
经营现金流ALHCCOHR
| Q4 25 | $-50.4M | $57.9M | ||
| Q3 25 | $144.6M | $46.0M | ||
| Q2 25 | $29.1M | $130.3M | ||
| Q1 25 | $16.6M | $163.0M | ||
| Q4 24 | $-8.7M | $187.4M | ||
| Q3 24 | $26.2M | $153.0M | ||
| Q2 24 | $23.5M | $162.3M | ||
| Q1 24 | $-6.2M | $117.4M |
自由现金流ALHCCOHR
| Q4 25 | $-55.4M | $-95.7M | ||
| Q3 25 | $139.1M | $-58.0M | ||
| Q2 25 | $21.1M | $-1.1M | ||
| Q1 25 | $8.4M | $51.1M | ||
| Q4 24 | $-18.0M | $81.7M | ||
| Q3 24 | $16.9M | $61.0M | ||
| Q2 24 | $11.8M | $62.4M | ||
| Q1 24 | $-17.4M | $24.2M |
自由现金流率ALHCCOHR
| Q4 25 | -5.5% | -5.7% | ||
| Q3 25 | 14.0% | -3.7% | ||
| Q2 25 | 2.1% | -0.1% | ||
| Q1 25 | 0.9% | 3.4% | ||
| Q4 24 | -2.6% | 5.7% | ||
| Q3 24 | 2.4% | 4.5% | ||
| Q2 24 | 1.7% | 4.7% | ||
| Q1 24 | -2.8% | 2.0% |
资本支出强度ALHCCOHR
| Q4 25 | 0.5% | 9.1% | ||
| Q3 25 | 0.6% | 6.6% | ||
| Q2 25 | 0.8% | 8.6% | ||
| Q1 25 | 0.9% | 7.5% | ||
| Q4 24 | 1.3% | 7.4% | ||
| Q3 24 | 1.3% | 6.8% | ||
| Q2 24 | 1.7% | 7.6% | ||
| Q1 24 | 1.8% | 7.7% |
现金转化率ALHCCOHR
| Q4 25 | — | 0.39× | ||
| Q3 25 | 38.77× | 0.20× | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | — | 10.37× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 5.91× | ||
| 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
COHR
| Datacenter And Communications Segment | $1.2B | 72% |
| Industrial Segment | $477.7M | 28% |
