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Alignment Healthcare, Inc.（ALHC）与Concentra Group Holdings Parent, Inc.（CON）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Concentra Group Holdings Parent, Inc.的2.3倍（$1.2B vs $539.1M），Concentra Group Holdings Parent, Inc.净利率更高（6.4% vs 0.9%，领先5.5%）
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。
Concentra是美国的职业医疗服务商，1979年成立于得克萨斯州阿马里洛，总部位于得克萨斯州艾迪生。业务覆盖美国47个州，运营627家职业医疗中心和410个雇主驻地现场诊所，美国每7起职业伤害案例中就有1起由该机构提供诊疗服务。
ALHC vs CON — 直观对比
营收规模更大
ALHC
是对方的2.3倍
$539.1M
净利率更高
CON
高出5.5%
0.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $539.1M |
| 净利润 | $11.4M | $34.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 12.9% |
| 净利率 | 0.9% | 6.4% |
| 营收同比 | -74.7% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $0.27 |
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ALHCCON
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $539.1M | ||
| Q3 25 | $993.7M | $572.8M | ||
| Q2 25 | $1.0B | $550.8M | ||
| Q1 25 | $926.9M | $500.8M | ||
| Q4 24 | $701.2M | — | ||
| Q3 24 | $692.4M | $489.6M | ||
| Q2 24 | $681.3M | $477.9M |
净利润ALHCCON
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $34.7M | ||
| Q3 25 | $3.7M | $48.3M | ||
| Q2 25 | $15.7M | $44.6M | ||
| Q1 25 | $-9.1M | $38.9M | ||
| Q4 24 | $-31.1M | — | ||
| Q3 24 | $-26.4M | $44.3M | ||
| Q2 24 | $-24.0M | $51.7M |
营业利润率ALHCCON
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 12.9% | ||
| Q3 25 | 0.8% | 16.5% | ||
| Q2 25 | 2.2% | 16.3% | ||
| Q1 25 | -0.6% | 16.0% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.8% | 17.6% | ||
| Q2 24 | -2.7% | 17.6% |
净利率ALHCCON
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 6.4% | ||
| Q3 25 | 0.4% | 8.4% | ||
| Q2 25 | 1.5% | 8.1% | ||
| Q1 25 | -1.0% | 7.8% | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | -3.8% | 9.1% | ||
| Q2 24 | -3.5% | 10.8% |
每股收益（稀释后）ALHCCON
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $0.27 | ||
| Q3 25 | $0.02 | $0.38 | ||
| Q2 25 | $0.07 | $0.35 | ||
| Q1 25 | $-0.05 | $0.30 | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.14 | $0.37 | ||
| Q2 24 | $-0.13 | $0.50 |
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 | $705.6M | $79.9M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $206.9M | $393.3M |
| 总资产 | $1.3B | $2.9B |
| 负债/权益比越低杠杆越低 | — | 3.98× |
8季度趋势，按日历期对齐
现金及短期投资ALHCCON
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $79.9M | ||
| Q3 25 | $644.1M | $49.9M | ||
| Q2 25 | $503.8M | $73.9M | ||
| Q1 25 | $479.5M | $52.1M | ||
| Q4 24 | $470.6M | — | ||
| Q3 24 | $381.0M | $136.8M | ||
| Q2 24 | $363.7M | $50.7M |
总债务ALHCCON
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $1.6B | ||
| Q3 25 | $322.7M | $1.6B | ||
| Q2 25 | $322.3M | $1.7B | ||
| Q1 25 | $321.9M | $1.6B | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | $1.5B | ||
| Q2 24 | $211.7M | $3.0M |
股东权益ALHCCON
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $393.3M | ||
| Q3 25 | $161.9M | $385.5M | ||
| Q2 25 | $141.0M | $342.6M | ||
| Q1 25 | $108.1M | $307.1M | ||
| Q4 24 | $99.9M | — | ||
| Q3 24 | $114.5M | $277.8M | ||
| Q2 24 | $123.7M | $1.2B |
总资产ALHCCON
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $1.1B | $2.8B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $895.6M | $2.7B | ||
| Q4 24 | $782.1M | — | ||
| Q3 24 | $692.3M | $2.5B | ||
| Q2 24 | $716.3M | $2.4B |
负债/权益比ALHCCON
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 3.98× | ||
| Q3 25 | 1.99× | 4.15× | ||
| Q2 25 | 2.29× | 4.82× | ||
| Q1 25 | 2.98× | 5.27× | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | 1.85× | 5.30× | ||
| Q2 24 | 1.71× | 0.00× |
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 | $128.7M | $118.7M |
| 自由现金流经营现金流 - 资本支出 | — | $98.5M |
| 自由现金流率自由现金流/营收 | — | 18.3% |
| 资本支出强度资本支出/营收 | — | 3.7% |
| 现金转化率经营现金流/净利润 | 11.27× | 3.42× |
| 过去12个月自由现金流最近4个季度 | — | $197.1M |
8季度趋势，按日历期对齐
经营现金流ALHCCON
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $118.7M | ||
| Q3 25 | $144.6M | $60.6M | ||
| Q2 25 | $29.1M | $88.4M | ||
| Q1 25 | $16.6M | $11.7M | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $26.2M | $65.9M | ||
| Q2 24 | $23.5M | — |
自由现金流ALHCCON
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $98.5M | ||
| Q3 25 | $139.1M | $39.4M | ||
| Q2 25 | $21.1M | $63.2M | ||
| Q1 25 | $8.4M | $-4.0M | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | $50.8M | ||
| Q2 24 | $11.8M | — |
自由现金流率ALHCCON
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 18.3% | ||
| Q3 25 | 14.0% | 6.9% | ||
| Q2 25 | 2.1% | 11.5% | ||
| Q1 25 | 0.9% | -0.8% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | 10.4% | ||
| Q2 24 | 1.7% | — |
资本支出强度ALHCCON
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 3.7% | ||
| Q3 25 | 0.6% | 3.7% | ||
| Q2 25 | 0.8% | 4.6% | ||
| Q1 25 | 0.9% | 3.1% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | 3.1% | ||
| Q2 24 | 1.7% | — |
现金转化率ALHCCON
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 3.42× | ||
| Q3 25 | 38.77× | 1.26× | ||
| Q2 25 | 1.86× | 1.98× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.49× | ||
| Q2 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
CON
| Occupational Health Center Workers Compensation | $328.5M | 61% |
| Occupational Health Center Employer Services | $151.9M | 28% |
| Onsite Health Clinics | $36.2M | 7% |
| Other Businesses | $12.3M | 2% |
| Occupational Health Center Consumer Health | $8.1M | 2% |
| Occupational Health Center Other | $2.1M | 0% |
