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Alignment Healthcare, Inc.（ALHC）与CoStar Group（CSGP）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CoStar Group的1.1倍（$1.0B vs $899.9M），CoStar Group净利率更高（5.2% vs -1.1%，领先6.3%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 26.9%），CoStar Group自由现金流更多（$101.3M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 17.1%）
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。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
ALHC vs CSGP — 直观对比
营收规模更大
ALHC
是对方的1.1倍
$899.9M
营收增速更快
ALHC
高出17.6%
26.9%
净利率更高
CSGP
高出6.3%
-1.1%
自由现金流更多
CSGP
多$156.7M
$-55.4M
两年增速更快
ALHC
近两年复合增速
17.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $899.9M |
| 净利润 | $-11.0M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | -1.0% | 5.5% |
| 净利率 | -1.1% | 5.2% |
| 营收同比 | 44.4% | 26.9% |
| 净利润同比 | 64.6% | -22.2% |
| 每股收益（稀释后） | $-0.04 | $0.12 |
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ALHCCSGP
| Q4 25 | $1.0B | $899.9M | ||
| Q3 25 | $993.7M | $833.6M | ||
| Q2 25 | $1.0B | $781.3M | ||
| Q1 25 | $926.9M | $732.2M | ||
| Q4 24 | $701.2M | $709.4M | ||
| Q3 24 | $692.4M | $692.6M | ||
| Q2 24 | $681.3M | $677.8M | ||
| Q1 24 | $628.6M | $656.4M |
净利润ALHCCSGP
| Q4 25 | $-11.0M | $46.5M | ||
| Q3 25 | $3.7M | $-30.9M | ||
| Q2 25 | $15.7M | $6.2M | ||
| Q1 25 | $-9.1M | $-14.8M | ||
| Q4 24 | $-31.1M | $59.8M | ||
| Q3 24 | $-26.4M | $53.0M | ||
| Q2 24 | $-24.0M | $19.2M | ||
| Q1 24 | $-46.5M | $6.7M |
毛利率ALHCCSGP
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 78.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.1% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 80.0% | ||
| Q1 24 | — | 78.5% |
营业利润率ALHCCSGP
| Q4 25 | -1.0% | 5.5% | ||
| Q3 25 | 0.8% | -6.1% | ||
| Q2 25 | 2.2% | -3.5% | ||
| Q1 25 | -0.6% | -5.8% | ||
| Q4 24 | -3.2% | 5.6% | ||
| Q3 24 | -2.8% | 3.4% | ||
| Q2 24 | -2.7% | -2.4% | ||
| Q1 24 | -6.5% | -6.5% |
净利率ALHCCSGP
| Q4 25 | -1.1% | 5.2% | ||
| Q3 25 | 0.4% | -3.7% | ||
| Q2 25 | 1.5% | 0.8% | ||
| Q1 25 | -1.0% | -2.0% | ||
| Q4 24 | -4.4% | 8.4% | ||
| Q3 24 | -3.8% | 7.7% | ||
| Q2 24 | -3.5% | 2.8% | ||
| Q1 24 | -7.4% | 1.0% |
每股收益（稀释后）ALHCCSGP
| Q4 25 | $-0.04 | $0.12 | ||
| Q3 25 | $0.02 | $-0.07 | ||
| Q2 25 | $0.07 | $0.01 | ||
| Q1 25 | $-0.05 | $-0.04 | ||
| Q4 24 | $-0.15 | $0.14 | ||
| Q3 24 | $-0.14 | $0.13 | ||
| Q2 24 | $-0.13 | $0.05 | ||
| Q1 24 | $-0.25 | $0.02 |
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 | $1.6B |
| 总债务越低越好 | $323.2M | $140.0M |
| 股东权益账面价值 | $179.3M | $8.3B |
| 总资产 | $1.1B | $10.5B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资ALHCCSGP
| Q4 25 | $604.2M | $1.6B | ||
| Q3 25 | $644.1M | $1.9B | ||
| Q2 25 | $503.8M | $3.6B | ||
| Q1 25 | $479.5M | $3.7B | ||
| Q4 24 | $470.6M | $4.7B | ||
| Q3 24 | $381.0M | — | ||
| Q2 24 | $363.7M | — | ||
| Q1 24 | $301.7M | — |
总债务ALHCCSGP
| Q4 25 | $323.2M | $140.0M | ||
| Q3 25 | $322.7M | $1.0B | ||
| Q2 25 | $322.3M | $1.0B | ||
| Q1 25 | $321.9M | $1.0B | ||
| Q4 24 | $321.4M | $1.0B | ||
| Q3 24 | $212.0M | $1.0B | ||
| Q2 24 | $211.7M | $1.0B | ||
| Q1 24 | $162.0M | $1.0B |
股东权益ALHCCSGP
| Q4 25 | $179.3M | $8.3B | ||
| Q3 25 | $161.9M | $8.6B | ||
| Q2 25 | $141.0M | $8.6B | ||
| Q1 25 | $108.1M | $8.6B | ||
| Q4 24 | $99.9M | $7.6B | ||
| Q3 24 | $114.5M | $7.5B | ||
| Q2 24 | $123.7M | $7.4B | ||
| Q1 24 | $130.9M | $7.3B |
总资产ALHCCSGP
| Q4 25 | $1.1B | $10.5B | ||
| Q3 25 | $1.1B | $10.8B | ||
| Q2 25 | $1.0B | $10.5B | ||
| Q1 25 | $895.6M | $10.4B | ||
| Q4 24 | $782.1M | $9.3B | ||
| Q3 24 | $692.3M | $9.1B | ||
| Q2 24 | $716.3M | $9.1B | ||
| Q1 24 | $633.2M | $9.0B |
负债/权益比ALHCCSGP
| Q4 25 | 1.80× | 0.02× | ||
| Q3 25 | 1.99× | 0.12× | ||
| Q2 25 | 2.29× | 0.12× | ||
| Q1 25 | 2.98× | 0.12× | ||
| Q4 24 | 3.22× | 0.13× | ||
| Q3 24 | 1.85× | 0.13× | ||
| Q2 24 | 1.71× | 0.14× | ||
| Q1 24 | 1.24× | 0.14× |
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 | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $101.3M |
| 自由现金流率自由现金流/营收 | -5.5% | 11.3% |
| 资本支出强度资本支出/营收 | 0.5% | 6.8% |
| 现金转化率经营现金流/净利润 | — | 3.49× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $123.0M |
8季度趋势，按日历期对齐
经营现金流ALHCCSGP
| Q4 25 | $-50.4M | $162.1M | ||
| Q3 25 | $144.6M | $68.2M | ||
| Q2 25 | $29.1M | $146.5M | ||
| Q1 25 | $16.6M | $53.2M | ||
| Q4 24 | $-8.7M | $94.6M | ||
| Q3 24 | $26.2M | $100.3M | ||
| Q2 24 | $23.5M | $58.1M | ||
| Q1 24 | $-6.2M | $139.6M |
自由现金流ALHCCSGP
| Q4 25 | $-55.4M | $101.3M | ||
| Q3 25 | $139.1M | $-5.5M | ||
| Q2 25 | $21.1M | $27.7M | ||
| Q1 25 | $8.4M | $-500.0K | ||
| Q4 24 | $-18.0M | $25.2M | ||
| Q3 24 | $16.9M | $40.2M | ||
| Q2 24 | $11.8M | $-14.7M | ||
| Q1 24 | $-17.4M | $-237.1M |
自由现金流率ALHCCSGP
| Q4 25 | -5.5% | 11.3% | ||
| Q3 25 | 14.0% | -0.7% | ||
| Q2 25 | 2.1% | 3.5% | ||
| Q1 25 | 0.9% | -0.1% | ||
| Q4 24 | -2.6% | 3.6% | ||
| Q3 24 | 2.4% | 5.8% | ||
| Q2 24 | 1.7% | -2.2% | ||
| Q1 24 | -2.8% | -36.1% |
资本支出强度ALHCCSGP
| Q4 25 | 0.5% | 6.8% | ||
| Q3 25 | 0.6% | 8.8% | ||
| Q2 25 | 0.8% | 15.2% | ||
| Q1 25 | 0.9% | 7.3% | ||
| Q4 24 | 1.3% | 9.8% | ||
| Q3 24 | 1.3% | 8.7% | ||
| Q2 24 | 1.7% | 10.7% | ||
| Q1 24 | 1.8% | 57.4% |
现金转化率ALHCCSGP
| Q4 25 | — | 3.49× | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | 23.63× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 3.03× | ||
| Q1 24 | — | 20.84× |
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
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
