vs
Alignment Healthcare, Inc.（ALHC）与FORWARD AIR CORP（FWRD）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FORWARD AIR CORP的2.0倍（$1.2B vs $631.2M），Alignment Healthcare, Inc.净利率更高（0.9% vs -4.5%，领先5.4%），FORWARD AIR CORP同比增速更快（-0.3% vs -74.7%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（34.6% vs 7.9%）
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。
Forward Air Corp是北美领先的轻资产物流运输服务商，核心业务包括加急零担货运、最后一公里配送、多式联运、仓储及供应链解决方案，服务覆盖美加墨地区，主要服务电商、零售、制造、汽车等行业。
ALHC vs FWRD — 直观对比
营收规模更大
ALHC
是对方的2.0倍
$631.2M
营收增速更快
FWRD
高出74.5%
-74.7%
净利率更高
ALHC
高出5.4%
-4.5%
两年增速更快
ALHC
近两年复合增速
7.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $631.2M |
| 净利润 | $11.4M | $-28.3M |
| 毛利率 | — | — |
| 营业利润率 | — | -0.5% |
| 净利率 | 0.9% | -4.5% |
| 营收同比 | -74.7% | -0.3% |
| 净利润同比 | — | 22.2% |
| 每股收益（稀释后） | — | $-0.90 |
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ALHCFWRD
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $631.2M | ||
| Q3 25 | $993.7M | $631.8M | ||
| Q2 25 | $1.0B | $618.8M | ||
| Q1 25 | $926.9M | $613.3M | ||
| Q4 24 | $701.2M | $632.8M | ||
| Q3 24 | $692.4M | $655.9M | ||
| Q2 24 | $681.3M | $643.7M |
净利润ALHCFWRD
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $-28.3M | ||
| Q3 25 | $3.7M | $-16.3M | ||
| Q2 25 | $15.7M | $-12.6M | ||
| Q1 25 | $-9.1M | $-50.6M | ||
| Q4 24 | $-31.1M | $-36.4M | ||
| Q3 24 | $-26.4M | $-73.4M | ||
| Q2 24 | $-24.0M | $-645.4M |
营业利润率ALHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | -0.5% | ||
| Q3 25 | 0.8% | 2.4% | ||
| Q2 25 | 2.2% | 3.2% | ||
| Q1 25 | -0.6% | 0.8% | ||
| Q4 24 | -3.2% | 12.0% | ||
| Q3 24 | -2.8% | 3.5% | ||
| Q2 24 | -2.7% | -170.2% |
净利率ALHCFWRD
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | -4.5% | ||
| Q3 25 | 0.4% | -2.6% | ||
| Q2 25 | 1.5% | -2.0% | ||
| Q1 25 | -1.0% | -8.3% | ||
| Q4 24 | -4.4% | -5.8% | ||
| Q3 24 | -3.8% | -11.2% | ||
| Q2 24 | -3.5% | -100.3% |
每股收益（稀释后）ALHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $-0.90 | ||
| Q3 25 | $0.02 | $-0.52 | ||
| Q2 25 | $0.07 | $-0.41 | ||
| Q1 25 | $-0.05 | $-1.68 | ||
| Q4 24 | $-0.15 | $-1.69 | ||
| Q3 24 | $-0.14 | $-2.66 | ||
| Q2 24 | $-0.13 | $-23.47 |
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 | $106.0M |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $206.9M | $113.3M |
| 总资产 | $1.3B | $2.7B |
| 负债/权益比越低杠杆越低 | — | 14.89× |
8季度趋势，按日历期对齐
现金及短期投资ALHCFWRD
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $106.0M | ||
| Q3 25 | $644.1M | $140.4M | ||
| Q2 25 | $503.8M | $95.1M | ||
| Q1 25 | $479.5M | $116.3M | ||
| Q4 24 | $470.6M | $104.9M | ||
| Q3 24 | $381.0M | $136.6M | ||
| Q2 24 | $363.7M | $84.9M |
总债务ALHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $1.7B | ||
| Q3 25 | $322.7M | $1.7B | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — |
股东权益ALHCFWRD
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $113.3M | ||
| Q3 25 | $161.9M | $139.8M | ||
| Q2 25 | $141.0M | $151.8M | ||
| Q1 25 | $108.1M | $154.6M | ||
| Q4 24 | $99.9M | $201.7M | ||
| Q3 24 | $114.5M | $226.1M | ||
| Q2 24 | $123.7M | $283.8M |
总资产ALHCFWRD
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $2.7B | ||
| Q3 25 | $1.1B | $2.8B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $895.6M | $2.8B | ||
| Q4 24 | $782.1M | $2.8B | ||
| Q3 24 | $692.3M | $3.1B | ||
| Q2 24 | $716.3M | $3.1B |
负债/权益比ALHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 14.89× | ||
| Q3 25 | 1.99× | 12.05× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | 11.27× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ALHCFWRD
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | — | ||
| Q3 25 | $144.6M | $52.7M | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $16.6M | $27.6M | ||
| Q4 24 | $-8.7M | $-23.2M | ||
| Q3 24 | $26.2M | $51.2M | ||
| Q2 24 | $23.5M | $-45.2M |
自由现金流ALHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | $48.6M | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | $15.7M | ||
| Q4 24 | $-18.0M | $-30.5M | ||
| Q3 24 | $16.9M | $40.7M | ||
| Q2 24 | $11.8M | $-59.6M |
自由现金流率ALHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | 7.7% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | 2.6% | ||
| Q4 24 | -2.6% | -4.8% | ||
| Q3 24 | 2.4% | 6.2% | ||
| Q2 24 | 1.7% | -9.3% |
资本支出强度ALHCFWRD
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.3% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 0.8% | 0.8% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 1.3% | 1.1% | ||
| Q3 24 | 1.3% | 1.6% | ||
| Q2 24 | 1.7% | 2.2% |
现金转化率ALHCFWRD
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
FWRD
| Omni Logistics Segment | $359.8M | 57% |
| Network | $183.9M | 29% |
| Intermodal Segment | $50.2M | 8% |
| Truckload | $41.6M | 7% |
