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Alignment Healthcare, Inc.（ALHC）与Compass, Inc.（COMP）财务数据对比。点击上方公司名可切换其他公司
Compass, Inc.的季度营收约是Alignment Healthcare, Inc.的1.7倍（$1.7B vs $1.0B），Alignment Healthcare, Inc.净利率更高（-1.1% vs -2.5%，领先1.4%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 23.1%），Compass, Inc.自由现金流更多（$42.2M vs $-55.4M），过去两年Compass, Inc.的营收复合增速更高（27.0% vs 26.9%）
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。
Compass, Inc.是美国主营住宅房产经纪业务的企业，其平台旗下有约3.3万名经纪人，大多为独立合同工，运营Compass、21世纪不动产、科威国际不动产、苏富比国际地产、佳士得国际地产等多个知名房产经纪品牌。
ALHC vs COMP — 直观对比
营收规模更大
COMP
是对方的1.7倍
$1.0B
营收增速更快
ALHC
高出21.3%
23.1%
净利率更高
ALHC
高出1.4%
-2.5%
自由现金流更多
COMP
多$97.6M
$-55.4M
两年增速更快
COMP
近两年复合增速
26.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.7B |
| 净利润 | $-11.0M | $-42.6M |
| 毛利率 | — | — |
| 营业利润率 | -1.0% | -2.5% |
| 净利率 | -1.1% | -2.5% |
| 营收同比 | 44.4% | 23.1% |
| 净利润同比 | 64.6% | -5.2% |
| 每股收益（稀释后） | $-0.04 | $-0.07 |
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ALHCCOMP
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $993.7M | $1.8B | ||
| Q2 25 | $1.0B | $2.1B | ||
| Q1 25 | $926.9M | $1.4B | ||
| Q4 24 | $701.2M | $1.4B | ||
| Q3 24 | $692.4M | $1.5B | ||
| Q2 24 | $681.3M | $1.7B | ||
| Q1 24 | $628.6M | $1.1B |
净利润ALHCCOMP
| Q4 25 | $-11.0M | $-42.6M | ||
| Q3 25 | $3.7M | $-4.6M | ||
| Q2 25 | $15.7M | $39.4M | ||
| Q1 25 | $-9.1M | $-50.7M | ||
| Q4 24 | $-31.1M | $-40.5M | ||
| Q3 24 | $-26.4M | $-1.7M | ||
| Q2 24 | $-24.0M | $20.7M | ||
| Q1 24 | $-46.5M | $-132.9M |
营业利润率ALHCCOMP
| Q4 25 | -1.0% | -2.5% | ||
| Q3 25 | 0.8% | -0.4% | ||
| Q2 25 | 2.2% | 1.9% | ||
| Q1 25 | -0.6% | -4.0% | ||
| Q4 24 | -3.2% | -2.9% | ||
| Q3 24 | -2.8% | -0.2% | ||
| Q2 24 | -2.7% | 1.3% | ||
| Q1 24 | -6.5% | -12.5% |
净利率ALHCCOMP
| Q4 25 | -1.1% | -2.5% | ||
| Q3 25 | 0.4% | -0.2% | ||
| Q2 25 | 1.5% | 1.9% | ||
| Q1 25 | -1.0% | -3.7% | ||
| Q4 24 | -4.4% | -2.9% | ||
| Q3 24 | -3.8% | -0.1% | ||
| Q2 24 | -3.5% | 1.2% | ||
| Q1 24 | -7.4% | -12.6% |
每股收益（稀释后）ALHCCOMP
| Q4 25 | $-0.04 | $-0.07 | ||
| Q3 25 | $0.02 | $-0.01 | ||
| Q2 25 | $0.07 | $0.07 | ||
| Q1 25 | $-0.05 | $-0.09 | ||
| Q4 24 | $-0.15 | $-0.08 | ||
| Q3 24 | $-0.14 | $0.00 | ||
| Q2 24 | $-0.13 | $0.04 | ||
| Q1 24 | $-0.25 | $-0.27 |
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 | $199.0M |
| 总债务越低越好 | $323.2M | — |
| 股东权益账面价值 | $179.3M | $782.0M |
| 总资产 | $1.1B | $1.5B |
| 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ALHCCOMP
| Q4 25 | $604.2M | $199.0M | ||
| Q3 25 | $644.1M | $170.3M | ||
| Q2 25 | $503.8M | $177.3M | ||
| Q1 25 | $479.5M | $127.0M | ||
| Q4 24 | $470.6M | $223.8M | ||
| Q3 24 | $381.0M | $211.2M | ||
| Q2 24 | $363.7M | $185.8M | ||
| Q1 24 | $301.7M | $165.9M |
总债务ALHCCOMP
| Q4 25 | $323.2M | — | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — | ||
| Q1 24 | $162.0M | — |
股东权益ALHCCOMP
| Q4 25 | $179.3M | $782.0M | ||
| Q3 25 | $161.9M | $773.3M | ||
| Q2 25 | $141.0M | $719.9M | ||
| Q1 25 | $108.1M | $635.0M | ||
| Q4 24 | $99.9M | $409.4M | ||
| Q3 24 | $114.5M | $428.0M | ||
| Q2 24 | $123.7M | $398.4M | ||
| Q1 24 | $130.9M | $330.3M |
总资产ALHCCOMP
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $895.6M | $1.5B | ||
| Q4 24 | $782.1M | $1.2B | ||
| Q3 24 | $692.3M | $1.2B | ||
| Q2 24 | $716.3M | $1.2B | ||
| Q1 24 | $633.2M | $1.1B |
负债/权益比ALHCCOMP
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | — | ||
| 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 | $45.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $42.2M |
| 自由现金流率自由现金流/营收 | -5.5% | 2.5% |
| 资本支出强度资本支出/营收 | 0.5% | 0.2% |
| 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 | $203.3M |
8季度趋势，按日历期对齐
经营现金流ALHCCOMP
| Q4 25 | $-50.4M | $45.3M | ||
| Q3 25 | $144.6M | $75.5M | ||
| Q2 25 | $29.1M | $72.8M | ||
| Q1 25 | $16.6M | $23.1M | ||
| Q4 24 | $-8.7M | $30.5M | ||
| Q3 24 | $26.2M | $37.4M | ||
| Q2 24 | $23.5M | $45.0M | ||
| Q1 24 | $-6.2M | $8.6M |
自由现金流ALHCCOMP
| Q4 25 | $-55.4M | $42.2M | ||
| Q3 25 | $139.1M | $73.6M | ||
| Q2 25 | $21.1M | $68.0M | ||
| Q1 25 | $8.4M | $19.5M | ||
| Q4 24 | $-18.0M | $26.7M | ||
| Q3 24 | $16.9M | $32.8M | ||
| Q2 24 | $11.8M | $40.4M | ||
| Q1 24 | $-17.4M | $5.9M |
自由现金流率ALHCCOMP
| Q4 25 | -5.5% | 2.5% | ||
| Q3 25 | 14.0% | 4.0% | ||
| Q2 25 | 2.1% | 3.3% | ||
| Q1 25 | 0.9% | 1.4% | ||
| Q4 24 | -2.6% | 1.9% | ||
| Q3 24 | 2.4% | 2.2% | ||
| Q2 24 | 1.7% | 2.4% | ||
| Q1 24 | -2.8% | 0.6% |
资本支出强度ALHCCOMP
| Q4 25 | 0.5% | 0.2% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.8% | 0.2% | ||
| Q1 25 | 0.9% | 0.3% | ||
| Q4 24 | 1.3% | 0.3% | ||
| Q3 24 | 1.3% | 0.3% | ||
| Q2 24 | 1.7% | 0.3% | ||
| Q1 24 | 1.8% | 0.3% |
现金转化率ALHCCOMP
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | 1.85× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
