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Alignment Healthcare, Inc.（ALHC）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
Alignment Healthcare, Inc.的季度营收约是六旗的1.6倍（$1.0B vs $650.1M），Alignment Healthcare, Inc.净利率更高（-1.1% vs -14.2%，领先13.1%），Alignment Healthcare, Inc.自由现金流更多（$-55.4M vs $-109.3M）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
ALHC vs FUN — 直观对比
营收规模更大
ALHC
是对方的1.6倍
$650.1M
净利率更高
ALHC
高出13.1%
-14.2%
自由现金流更多
ALHC
多$53.9M
$-109.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $650.1M |
| 净利润 | $-11.0M | $-92.4M |
| 毛利率 | — | 91.4% |
| 营业利润率 | -1.0% | -3.8% |
| 净利率 | -1.1% | -14.2% |
| 营收同比 | 44.4% | — |
| 净利润同比 | 64.6% | — |
| 每股收益（稀释后） | $-0.04 | $-0.93 |
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ALHCFUN
| Q4 25 | $1.0B | $650.1M | ||
| Q3 25 | $993.7M | $1.3B | ||
| Q2 25 | $1.0B | $930.4M | ||
| Q1 25 | $926.9M | $202.1M | ||
| Q4 24 | $701.2M | — | ||
| Q3 24 | $692.4M | $1.3B | ||
| Q2 24 | $681.3M | $571.6M | ||
| Q1 24 | $628.6M | — |
净利润ALHCFUN
| Q4 25 | $-11.0M | $-92.4M | ||
| Q3 25 | $3.7M | $-1.2B | ||
| Q2 25 | $15.7M | $-99.6M | ||
| Q1 25 | $-9.1M | $-219.7M | ||
| Q4 24 | $-31.1M | — | ||
| Q3 24 | $-26.4M | $111.0M | ||
| Q2 24 | $-24.0M | $55.6M | ||
| Q1 24 | $-46.5M | — |
毛利率ALHCFUN
| Q4 25 | — | 91.4% | ||
| Q3 25 | — | 91.6% | ||
| Q2 25 | — | 91.3% | ||
| Q1 25 | — | 89.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 91.9% | ||
| Q2 24 | — | 90.7% | ||
| Q1 24 | — | — |
营业利润率ALHCFUN
| Q4 25 | -1.0% | -3.8% | ||
| Q3 25 | 0.8% | -83.7% | ||
| Q2 25 | 2.2% | 8.0% | ||
| Q1 25 | -0.6% | -158.9% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.8% | 19.5% | ||
| Q2 24 | -2.7% | 21.6% | ||
| Q1 24 | -6.5% | — |
净利率ALHCFUN
| Q4 25 | -1.1% | -14.2% | ||
| Q3 25 | 0.4% | -90.1% | ||
| Q2 25 | 1.5% | -10.7% | ||
| Q1 25 | -1.0% | -108.7% | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | -3.8% | 8.2% | ||
| Q2 24 | -3.5% | 9.7% | ||
| Q1 24 | -7.4% | — |
每股收益（稀释后）ALHCFUN
| Q4 25 | $-0.04 | $-0.93 | ||
| Q3 25 | $0.02 | $-11.77 | ||
| Q2 25 | $0.07 | $-0.99 | ||
| Q1 25 | $-0.05 | $-2.20 | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.14 | $1.10 | ||
| Q2 24 | $-0.13 | — | ||
| Q1 24 | $-0.25 | — |
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 | $91.1M |
| 总债务越低越好 | $323.2M | $5.2B |
| 股东权益账面价值 | $179.3M | $549.8M |
| 总资产 | $1.1B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.80× | 9.40× |
8季度趋势，按日历期对齐
现金及短期投资ALHCFUN
| Q4 25 | $604.2M | $91.1M | ||
| Q3 25 | $644.1M | $70.7M | ||
| Q2 25 | $503.8M | $107.4M | ||
| Q1 25 | $479.5M | $61.5M | ||
| Q4 24 | $470.6M | — | ||
| Q3 24 | $381.0M | $89.7M | ||
| Q2 24 | $363.7M | $52.9M | ||
| Q1 24 | $301.7M | — |
总债务ALHCFUN
| Q4 25 | $323.2M | $5.2B | ||
| Q3 25 | $322.7M | $5.0B | ||
| Q2 25 | $322.3M | $5.3B | ||
| Q1 25 | $321.9M | $5.0B | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | $4.6B | ||
| Q2 24 | $211.7M | $2.3B | ||
| Q1 24 | $162.0M | — |
股东权益ALHCFUN
| Q4 25 | $179.3M | $549.8M | ||
| Q3 25 | $161.9M | $614.3M | ||
| Q2 25 | $141.0M | $1.8B | ||
| Q1 25 | $108.1M | $1.8B | ||
| Q4 24 | $99.9M | — | ||
| Q3 24 | $114.5M | $2.3B | ||
| Q2 24 | $123.7M | — | ||
| Q1 24 | $130.9M | — |
总资产ALHCFUN
| Q4 25 | $1.1B | $7.8B | ||
| Q3 25 | $1.1B | $7.9B | ||
| Q2 25 | $1.0B | $9.5B | ||
| Q1 25 | $895.6M | $9.2B | ||
| Q4 24 | $782.1M | — | ||
| Q3 24 | $692.3M | $9.4B | ||
| Q2 24 | $716.3M | $2.3B | ||
| Q1 24 | $633.2M | — |
负债/权益比ALHCFUN
| Q4 25 | 1.80× | 9.40× | ||
| Q3 25 | 1.99× | 8.16× | ||
| Q2 25 | 2.29× | 2.97× | ||
| Q1 25 | 2.98× | 2.75× | ||
| Q4 24 | 3.22× | — | ||
| Q3 24 | 1.85× | 1.95× | ||
| Q2 24 | 1.71× | — | ||
| Q1 24 | 1.24× | — |
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 | $-37.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $-109.3M |
| 自由现金流率自由现金流/营收 | -5.5% | -16.8% |
| 资本支出强度资本支出/营收 | 0.5% | 11.0% |
| 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 | $-152.2M |
8季度趋势，按日历期对齐
经营现金流ALHCFUN
| Q4 25 | $-50.4M | $-37.7M | ||
| Q3 25 | $144.6M | $356.2M | ||
| Q2 25 | $29.1M | $187.0M | ||
| Q1 25 | $16.6M | $-178.0M | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $26.2M | $337.4M | ||
| Q2 24 | $23.5M | — | ||
| Q1 24 | $-6.2M | — |
自由现金流ALHCFUN
| Q4 25 | $-55.4M | $-109.3M | ||
| Q3 25 | $139.1M | $256.2M | ||
| Q2 25 | $21.1M | $18.8M | ||
| Q1 25 | $8.4M | $-318.0M | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | $227.7M | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $-17.4M | — |
自由现金流率ALHCFUN
| Q4 25 | -5.5% | -16.8% | ||
| Q3 25 | 14.0% | 19.4% | ||
| Q2 25 | 2.1% | 2.0% | ||
| Q1 25 | 0.9% | -157.4% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | 16.9% | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | -2.8% | — |
资本支出强度ALHCFUN
| Q4 25 | 0.5% | 11.0% | ||
| Q3 25 | 0.6% | 7.6% | ||
| Q2 25 | 0.8% | 18.1% | ||
| Q1 25 | 0.9% | 69.3% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | 8.1% | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.8% | — |
现金转化率ALHCFUN
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.04× | ||
| Q2 24 | — | — | ||
| Q1 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
FUN
| Admission | $327.4M | 50% |
| Food Merchandiseand Gaming | $205.7M | 32% |
| Accommodations Extra Charge Products And Other | $117.0M | 18% |
