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Alignment Healthcare, Inc.（ALHC）与Deckers Brands（DECK）财务数据对比。点击上方公司名可切换其他公司
Deckers Brands的季度营收约是Alignment Healthcare, Inc.的1.6倍（$2.0B vs $1.2B），Deckers Brands净利率更高（24.6% vs 0.9%，领先23.7%），Deckers Brands同比增速更快（7.1% vs -74.7%），过去两年Deckers Brands的营收复合增速更高（42.8% vs 34.6%）
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。
Deckers Brands是1973年成立的美国鞋履设计与分销企业，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克共同创立。公司旗下拥有UGG、Teva、Hoka等全球知名鞋履品牌，产品覆盖休闲、户外等多个领域，销往世界多地。
ALHC vs DECK — 直观对比
营收规模更大
DECK
是对方的1.6倍
$1.2B
营收增速更快
DECK
高出81.9%
-74.7%
净利率更高
DECK
高出23.7%
0.9%
两年增速更快
DECK
近两年复合增速
34.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.0B |
| 净利润 | $11.4M | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | — | 31.4% |
| 净利率 | 0.9% | 24.6% |
| 营收同比 | -74.7% | 7.1% |
| 净利润同比 | — | 5.3% |
| 每股收益（稀释后） | — | $3.33 |
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ALHCDECK
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | $993.7M | $1.4B | ||
| Q2 25 | $1.0B | $964.5M | ||
| Q1 25 | $926.9M | $1.0B | ||
| Q4 24 | $701.2M | $1.8B | ||
| Q3 24 | $692.4M | $1.3B | ||
| Q2 24 | $681.3M | $825.3M |
净利润ALHCDECK
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $481.1M | ||
| Q3 25 | $3.7M | $268.2M | ||
| Q2 25 | $15.7M | $139.2M | ||
| Q1 25 | $-9.1M | $151.4M | ||
| Q4 24 | $-31.1M | $456.7M | ||
| Q3 24 | $-26.4M | $242.3M | ||
| Q2 24 | $-24.0M | $115.6M |
毛利率ALHCDECK
| Q1 26 | — | — | ||
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 55.8% | ||
| Q1 25 | — | 56.7% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 55.9% | ||
| Q2 24 | — | 56.9% |
营业利润率ALHCDECK
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 31.4% | ||
| Q3 25 | 0.8% | 22.8% | ||
| Q2 25 | 2.2% | 17.1% | ||
| Q1 25 | -0.6% | 17.0% | ||
| Q4 24 | -3.2% | 31.0% | ||
| Q3 24 | -2.8% | 23.3% | ||
| Q2 24 | -2.7% | 16.1% |
净利率ALHCDECK
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 24.6% | ||
| Q3 25 | 0.4% | 18.7% | ||
| Q2 25 | 1.5% | 14.4% | ||
| Q1 25 | -1.0% | 14.8% | ||
| Q4 24 | -4.4% | 25.0% | ||
| Q3 24 | -3.8% | 18.5% | ||
| Q2 24 | -3.5% | 14.0% |
每股收益（稀释后）ALHCDECK
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $3.33 | ||
| Q3 25 | $0.02 | $1.82 | ||
| Q2 25 | $0.07 | $0.93 | ||
| Q1 25 | $-0.05 | $-2.78 | ||
| Q4 24 | $-0.15 | $3.00 | ||
| Q3 24 | $-0.14 | $1.59 | ||
| Q2 24 | $-0.13 | $4.52 |
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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.9M | $2.6B |
| 总资产 | $1.3B | $4.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALHCDECK
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $2.1B | ||
| Q3 25 | $644.1M | $1.4B | ||
| Q2 25 | $503.8M | $1.7B | ||
| Q1 25 | $479.5M | $1.9B | ||
| Q4 24 | $470.6M | $2.2B | ||
| Q3 24 | $381.0M | $1.2B | ||
| Q2 24 | $363.7M | $1.4B |
总债务ALHCDECK
| Q1 26 | — | — | ||
| 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 | — |
股东权益ALHCDECK
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $2.6B | ||
| Q3 25 | $161.9M | $2.5B | ||
| Q2 25 | $141.0M | $2.5B | ||
| Q1 25 | $108.1M | $2.5B | ||
| Q4 24 | $99.9M | $2.6B | ||
| Q3 24 | $114.5M | $2.2B | ||
| Q2 24 | $123.7M | $2.1B |
总资产ALHCDECK
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $4.1B | ||
| Q3 25 | $1.1B | $3.8B | ||
| Q2 25 | $1.0B | $3.8B | ||
| Q1 25 | $895.6M | $3.6B | ||
| Q4 24 | $782.1M | $4.0B | ||
| Q3 24 | $692.3M | $3.4B | ||
| Q2 24 | $716.3M | $3.3B |
负债/权益比ALHCDECK
| Q1 26 | — | — | ||
| 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× | — |
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 | $1.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.0B |
| 自由现金流率自由现金流/营收 | — | 52.1% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 11.27× | 2.17× |
| 过去12个月自由现金流最近4个季度 | — | $929.1M |
8季度趋势，按日历期对齐
经营现金流ALHCDECK
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $1.0B | ||
| Q3 25 | $144.6M | $8.1M | ||
| Q2 25 | $29.1M | $36.1M | ||
| Q1 25 | $16.6M | $-73.0M | ||
| Q4 24 | $-8.7M | $1.1B | ||
| Q3 24 | $26.2M | $-90.5M | ||
| Q2 24 | $23.5M | $112.7M |
自由现金流ALHCDECK
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $1.0B | ||
| Q3 25 | $139.1M | $-13.9M | ||
| Q2 25 | $21.1M | $12.2M | ||
| Q1 25 | $8.4M | $-89.4M | ||
| Q4 24 | $-18.0M | $1.1B | ||
| Q3 24 | $16.9M | $-113.4M | ||
| Q2 24 | $11.8M | $90.1M |
自由现金流率ALHCDECK
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 52.1% | ||
| Q3 25 | 14.0% | -1.0% | ||
| Q2 25 | 2.1% | 1.3% | ||
| Q1 25 | 0.9% | -8.8% | ||
| Q4 24 | -2.6% | 58.6% | ||
| Q3 24 | 2.4% | -8.6% | ||
| Q2 24 | 1.7% | 10.9% |
资本支出强度ALHCDECK
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.1% | ||
| Q3 25 | 0.6% | 1.5% | ||
| Q2 25 | 0.8% | 2.5% | ||
| Q1 25 | 0.9% | 1.6% | ||
| Q4 24 | 1.3% | 1.3% | ||
| Q3 24 | 1.3% | 1.7% | ||
| Q2 24 | 1.7% | 2.7% |
现金转化率ALHCDECK
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 2.17× | ||
| Q3 25 | 38.77× | 0.03× | ||
| Q2 25 | 1.86× | 0.26× | ||
| Q1 25 | — | -0.48× | ||
| Q4 24 | — | 2.40× | ||
| Q3 24 | — | -0.37× | ||
| Q2 24 | — | 0.97× |
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
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
