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Alignment Healthcare, Inc.（ALHC）与Digital Realty（DLR）财务数据对比。点击上方公司名可切换其他公司
Digital Realty的季度营收约是Alignment Healthcare, Inc.的1.6倍（$1.6B vs $1.0B），Digital Realty净利率更高（6.0% vs -1.1%，领先7.1%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 16.1%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 9.8%）
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。
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
ALHC vs DLR — 直观对比
营收规模更大
DLR
是对方的1.6倍
$1.0B
营收增速更快
ALHC
高出28.3%
16.1%
净利率更高
DLR
高出7.1%
-1.1%
两年增速更快
ALHC
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.6B |
| 净利润 | $-11.0M | $98.6M |
| 毛利率 | — | — |
| 营业利润率 | -1.0% | 6.9% |
| 净利率 | -1.1% | 6.0% |
| 营收同比 | 44.4% | 16.1% |
| 净利润同比 | 64.6% | -10.3% |
| 每股收益（稀释后） | $-0.04 | $0.22 |
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ALHCDLR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.0B | $1.6B | ||
| Q3 25 | $993.7M | $1.6B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $926.9M | $1.4B | ||
| Q4 24 | $701.2M | $1.4B | ||
| Q3 24 | $692.4M | $1.4B | ||
| Q2 24 | $681.3M | $1.4B |
净利润ALHCDLR
| Q1 26 | — | $98.6M | ||
| Q4 25 | $-11.0M | $98.6M | ||
| Q3 25 | $3.7M | $67.8M | ||
| Q2 25 | $15.7M | $1.0B | ||
| Q1 25 | $-9.1M | $110.0M | ||
| Q4 24 | $-31.1M | $189.6M | ||
| Q3 24 | $-26.4M | $51.2M | ||
| Q2 24 | $-24.0M | $80.2M |
营业利润率ALHCDLR
| Q1 26 | — | 6.9% | ||
| Q4 25 | -1.0% | 6.9% | ||
| Q3 25 | 0.8% | 8.8% | ||
| Q2 25 | 2.2% | 14.2% | ||
| Q1 25 | -0.6% | 13.9% | ||
| Q4 24 | -3.2% | 10.1% | ||
| Q3 24 | -2.8% | 11.8% | ||
| Q2 24 | -2.7% | 0.7% |
净利率ALHCDLR
| Q1 26 | — | 6.0% | ||
| Q4 25 | -1.1% | 6.0% | ||
| Q3 25 | 0.4% | 4.3% | ||
| Q2 25 | 1.5% | 69.1% | ||
| Q1 25 | -1.0% | 7.8% | ||
| Q4 24 | -4.4% | 13.2% | ||
| Q3 24 | -3.8% | 3.6% | ||
| Q2 24 | -3.5% | 5.9% |
每股收益（稀释后）ALHCDLR
| Q1 26 | — | $0.22 | ||
| Q4 25 | $-0.04 | $0.22 | ||
| Q3 25 | $0.02 | $0.15 | ||
| Q2 25 | $0.07 | $2.94 | ||
| Q1 25 | $-0.05 | $0.27 | ||
| Q4 24 | $-0.15 | $0.50 | ||
| Q3 24 | $-0.14 | $0.09 | ||
| Q2 24 | $-0.13 | $0.20 |
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 | $3.5B |
| 总债务越低越好 | $323.2M | — |
| 股东权益账面价值 | $179.3M | $22.9B |
| 总资产 | $1.1B | $49.4B |
| 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ALHCDLR
| Q1 26 | — | $3.5B | ||
| Q4 25 | $604.2M | $3.5B | ||
| Q3 25 | $644.1M | $3.3B | ||
| Q2 25 | $503.8M | $3.6B | ||
| Q1 25 | $479.5M | $2.3B | ||
| Q4 24 | $470.6M | $3.9B | ||
| Q3 24 | $381.0M | $2.2B | ||
| Q2 24 | $363.7M | $2.3B |
总债务ALHCDLR
| 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ALHCDLR
| Q1 26 | — | $22.9B | ||
| Q4 25 | $179.3M | $22.9B | ||
| Q3 25 | $161.9M | $23.0B | ||
| Q2 25 | $141.0M | $22.9B | ||
| Q1 25 | $108.1M | $21.3B | ||
| Q4 24 | $99.9M | $21.3B | ||
| Q3 24 | $114.5M | $21.2B | ||
| Q2 24 | $123.7M | $20.5B |
总资产ALHCDLR
| Q1 26 | — | $49.4B | ||
| Q4 25 | $1.1B | $49.4B | ||
| Q3 25 | $1.1B | $48.7B | ||
| Q2 25 | $1.0B | $48.7B | ||
| Q1 25 | $895.6M | $45.1B | ||
| Q4 24 | $782.1M | $45.3B | ||
| Q3 24 | $692.3M | $45.3B | ||
| Q2 24 | $716.3M | $43.6B |
负债/权益比ALHCDLR
| 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 | $-50.4M | — |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | — |
| 自由现金流率自由现金流/营收 | -5.5% | — |
| 资本支出强度资本支出/营收 | 0.5% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流ALHCDLR
| Q1 26 | — | — | ||
| Q4 25 | $-50.4M | $719.0M | ||
| Q3 25 | $144.6M | $652.9M | ||
| Q2 25 | $29.1M | $641.2M | ||
| Q1 25 | $16.6M | $399.1M | ||
| Q4 24 | $-8.7M | $769.5M | ||
| Q3 24 | $26.2M | $566.5M | ||
| Q2 24 | $23.5M | $573.2M |
自由现金流ALHCDLR
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | — | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $11.8M | — |
自由现金流率ALHCDLR
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.7% | — |
资本支出强度ALHCDLR
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.7% | — |
现金转化率ALHCDLR
| Q1 26 | — | — | ||
| Q4 25 | — | 7.29× | ||
| Q3 25 | 38.77× | 9.63× | ||
| Q2 25 | 1.86× | 0.62× | ||
| Q1 25 | — | 3.63× | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | 11.07× | ||
| Q2 24 | — | 7.15× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
