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Alignment Healthcare, Inc.（ALHC）与FEDERAL SIGNAL CORP（FSS）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FEDERAL SIGNAL CORP的1.7倍（$1.0B vs $597.1M），FEDERAL SIGNAL CORP净利率更高（10.2% vs -1.1%，领先11.3%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 26.5%），FEDERAL SIGNAL CORP自由现金流更多（$89.5M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 18.5%）
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。
联邦信号公司是20世纪早期的美国企业，主营铁路信号设备的制造业务，总部坐落于美国纽约州奥尔巴尼市，其生产的相关信号产品在当时的美国轨道交通行业得到了广泛应用，具备一定的行业知名度。
ALHC vs FSS — 直观对比
营收规模更大
ALHC
是对方的1.7倍
$597.1M
营收增速更快
ALHC
高出17.9%
26.5%
净利率更高
FSS
高出11.3%
-1.1%
自由现金流更多
FSS
多$144.9M
$-55.4M
两年增速更快
ALHC
近两年复合增速
18.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $597.1M |
| 净利润 | $-11.0M | $60.8M |
| 毛利率 | — | 28.4% |
| 营业利润率 | -1.0% | 14.0% |
| 净利率 | -1.1% | 10.2% |
| 营收同比 | 44.4% | 26.5% |
| 净利润同比 | 64.6% | 21.6% |
| 每股收益（稀释后） | $-0.04 | $0.99 |
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ALHCFSS
| Q4 25 | $1.0B | $597.1M | ||
| Q3 25 | $993.7M | $555.0M | ||
| Q2 25 | $1.0B | $564.6M | ||
| Q1 25 | $926.9M | $463.8M | ||
| Q4 24 | $701.2M | $472.0M | ||
| Q3 24 | $692.4M | $474.2M | ||
| Q2 24 | $681.3M | $490.4M | ||
| Q1 24 | $628.6M | $424.9M |
净利润ALHCFSS
| Q4 25 | $-11.0M | $60.8M | ||
| Q3 25 | $3.7M | $68.1M | ||
| Q2 25 | $15.7M | $71.4M | ||
| Q1 25 | $-9.1M | $46.3M | ||
| Q4 24 | $-31.1M | $50.0M | ||
| Q3 24 | $-26.4M | $53.9M | ||
| Q2 24 | $-24.0M | $60.8M | ||
| Q1 24 | $-46.5M | $51.6M |
毛利率ALHCFSS
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 29.4% | ||
| Q1 24 | — | 27.3% |
营业利润率ALHCFSS
| Q4 25 | -1.0% | 14.0% | ||
| Q3 25 | 0.8% | 16.9% | ||
| Q2 25 | 2.2% | 17.3% | ||
| Q1 25 | -0.6% | 14.2% | ||
| Q4 24 | -3.2% | 14.9% | ||
| Q3 24 | -2.8% | 16.0% | ||
| Q2 24 | -2.7% | 16.5% | ||
| Q1 24 | -6.5% | 12.8% |
净利率ALHCFSS
| Q4 25 | -1.1% | 10.2% | ||
| Q3 25 | 0.4% | 12.3% | ||
| Q2 25 | 1.5% | 12.6% | ||
| Q1 25 | -1.0% | 10.0% | ||
| Q4 24 | -4.4% | 10.6% | ||
| Q3 24 | -3.8% | 11.4% | ||
| Q2 24 | -3.5% | 12.4% | ||
| Q1 24 | -7.4% | 12.1% |
每股收益（稀释后）ALHCFSS
| Q4 25 | $-0.04 | $0.99 | ||
| Q3 25 | $0.02 | $1.11 | ||
| Q2 25 | $0.07 | $1.16 | ||
| Q1 25 | $-0.05 | $0.75 | ||
| Q4 24 | $-0.15 | $0.80 | ||
| Q3 24 | $-0.14 | $0.87 | ||
| Q2 24 | $-0.13 | $0.99 | ||
| Q1 24 | $-0.25 | $0.84 |
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 | $63.7M |
| 总债务越低越好 | $323.2M | $564.6M |
| 股东权益账面价值 | $179.3M | $1.4B |
| 总资产 | $1.1B | $2.4B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.41× |
8季度趋势，按日历期对齐
现金及短期投资ALHCFSS
| Q4 25 | $604.2M | $63.7M | ||
| Q3 25 | $644.1M | $54.4M | ||
| Q2 25 | $503.8M | $64.7M | ||
| Q1 25 | $479.5M | $57.5M | ||
| Q4 24 | $470.6M | $91.1M | ||
| Q3 24 | $381.0M | $73.7M | ||
| Q2 24 | $363.7M | $48.6M | ||
| Q1 24 | $301.7M | $48.9M |
总债务ALHCFSS
| Q4 25 | $323.2M | $564.6M | ||
| Q3 25 | $322.7M | $201.2M | ||
| Q2 25 | $322.3M | $258.3M | ||
| Q1 25 | $321.9M | $266.9M | ||
| Q4 24 | $321.4M | $204.4M | ||
| Q3 24 | $212.0M | $223.3M | ||
| Q2 24 | $211.7M | $248.8M | ||
| Q1 24 | $162.0M | $266.8M |
股东权益ALHCFSS
| Q4 25 | $179.3M | $1.4B | ||
| Q3 25 | $161.9M | $1.3B | ||
| Q2 25 | $141.0M | $1.3B | ||
| Q1 25 | $108.1M | $1.2B | ||
| Q4 24 | $99.9M | $1.2B | ||
| Q3 24 | $114.5M | $1.1B | ||
| Q2 24 | $123.7M | $1.1B | ||
| Q1 24 | $130.9M | $1.0B |
总资产ALHCFSS
| Q4 25 | $1.1B | $2.4B | ||
| Q3 25 | $1.1B | $1.9B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $895.6M | $1.9B | ||
| Q4 24 | $782.1M | $1.8B | ||
| Q3 24 | $692.3M | $1.7B | ||
| Q2 24 | $716.3M | $1.7B | ||
| Q1 24 | $633.2M | $1.7B |
负债/权益比ALHCFSS
| Q4 25 | 1.80× | 0.41× | ||
| Q3 25 | 1.99× | 0.15× | ||
| Q2 25 | 2.29× | 0.20× | ||
| Q1 25 | 2.98× | 0.22× | ||
| Q4 24 | 3.22× | 0.17× | ||
| Q3 24 | 1.85× | 0.19× | ||
| Q2 24 | 1.71× | 0.23× | ||
| Q1 24 | 1.24× | 0.26× |
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 | $97.2M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $89.5M |
| 自由现金流率自由现金流/营收 | -5.5% | 15.0% |
| 资本支出强度资本支出/营收 | 0.5% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.60× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $227.1M |
8季度趋势，按日历期对齐
经营现金流ALHCFSS
| Q4 25 | $-50.4M | $97.2M | ||
| Q3 25 | $144.6M | $61.1M | ||
| Q2 25 | $29.1M | $59.7M | ||
| Q1 25 | $16.6M | $36.7M | ||
| Q4 24 | $-8.7M | $90.6M | ||
| Q3 24 | $26.2M | $68.8M | ||
| Q2 24 | $23.5M | $40.6M | ||
| Q1 24 | $-6.2M | $31.3M |
自由现金流ALHCFSS
| Q4 25 | $-55.4M | $89.5M | ||
| Q3 25 | $139.1M | $54.1M | ||
| Q2 25 | $21.1M | $52.4M | ||
| Q1 25 | $8.4M | $31.1M | ||
| Q4 24 | $-18.0M | $82.1M | ||
| Q3 24 | $16.9M | $60.9M | ||
| Q2 24 | $11.8M | $24.8M | ||
| Q1 24 | $-17.4M | $22.9M |
自由现金流率ALHCFSS
| Q4 25 | -5.5% | 15.0% | ||
| Q3 25 | 14.0% | 9.7% | ||
| Q2 25 | 2.1% | 9.3% | ||
| Q1 25 | 0.9% | 6.7% | ||
| Q4 24 | -2.6% | 17.4% | ||
| Q3 24 | 2.4% | 12.8% | ||
| Q2 24 | 1.7% | 5.1% | ||
| Q1 24 | -2.8% | 5.4% |
资本支出强度ALHCFSS
| Q4 25 | 0.5% | 1.3% | ||
| Q3 25 | 0.6% | 1.3% | ||
| Q2 25 | 0.8% | 1.3% | ||
| Q1 25 | 0.9% | 1.2% | ||
| Q4 24 | 1.3% | 1.8% | ||
| Q3 24 | 1.3% | 1.7% | ||
| Q2 24 | 1.7% | 3.2% | ||
| Q1 24 | 1.8% | 2.0% |
现金转化率ALHCFSS
| Q4 25 | — | 1.60× | ||
| Q3 25 | 38.77× | 0.90× | ||
| Q2 25 | 1.86× | 0.84× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 0.67× | ||
| Q1 24 | — | 0.61× |
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
FSS
| Vehiclesandequipment | $403.4M | 68% |
| Parts | $66.8M | 11% |
| Publicsafetyandsecurityequipment | $62.2M | 10% |
| Rentalincome | $19.0M | 3% |
| Industrialsignalingequipment | $18.2M | 3% |
| Other | $14.9M | 2% |
| Warningsystems | $12.6M | 2% |
