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Alignment Healthcare, Inc.（ALHC）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是Alignment Healthcare, Inc.的1.4倍（$1.7B vs $1.2B），格罗方德净利率更高（14.8% vs 0.9%，领先13.8%），格罗方德同比增速更快（-2.9% vs -74.7%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（34.6% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
ALHC vs GFS — 直观对比
营收规模更大
GFS
是对方的1.4倍
$1.2B
营收增速更快
GFS
高出71.8%
-74.7%
净利率更高
GFS
高出13.8%
0.9%
两年增速更快
ALHC
近两年复合增速
-4.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $11.4M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | — | 11.6% |
| 净利率 | 0.9% | 14.8% |
| 营收同比 | -74.7% | -2.9% |
| 净利润同比 | — | 39.9% |
| 每股收益（稀释后） | — | $0.44 |
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ALHCGFS
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $993.7M | $1.7B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $926.9M | $1.6B | ||
| Q4 24 | $701.2M | — | ||
| Q3 24 | $692.4M | $1.7B | ||
| Q2 24 | $681.3M | $1.6B |
净利润ALHCGFS
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | — | ||
| Q3 25 | $3.7M | $249.0M | ||
| Q2 25 | $15.7M | $228.0M | ||
| Q1 25 | $-9.1M | $211.0M | ||
| Q4 24 | $-31.1M | — | ||
| Q3 24 | $-26.4M | $178.0M | ||
| Q2 24 | $-24.0M | $155.0M |
毛利率ALHCGFS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 24.2% |
营业利润率ALHCGFS
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | 0.8% | 11.6% | ||
| Q2 25 | 2.2% | 11.6% | ||
| Q1 25 | -0.6% | 9.5% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.8% | 10.6% | ||
| Q2 24 | -2.7% | 9.5% |
净利率ALHCGFS
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.4% | 14.8% | ||
| Q2 25 | 1.5% | 13.5% | ||
| Q1 25 | -1.0% | 13.3% | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | -3.8% | 10.2% | ||
| Q2 24 | -3.5% | 9.5% |
每股收益（稀释后）ALHCGFS
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.02 | $0.44 | ||
| Q2 25 | $0.07 | $0.41 | ||
| Q1 25 | $-0.05 | $0.38 | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.14 | $0.32 | ||
| Q2 24 | $-0.13 | $0.28 |
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 | $2.0B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.9M | $11.8B |
| 总资产 | $1.3B | $16.7B |
| 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ALHCGFS
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | — | ||
| Q3 25 | $644.1M | $2.0B | ||
| Q2 25 | $503.8M | $1.8B | ||
| Q1 25 | $479.5M | $1.6B | ||
| Q4 24 | $470.6M | — | ||
| Q3 24 | $381.0M | $2.3B | ||
| Q2 24 | $363.7M | $2.2B |
总债务ALHCGFS
| 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ALHCGFS
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | — | ||
| Q3 25 | $161.9M | $11.8B | ||
| Q2 25 | $141.0M | $11.5B | ||
| Q1 25 | $108.1M | $11.1B | ||
| Q4 24 | $99.9M | — | ||
| Q3 24 | $114.5M | $11.6B | ||
| Q2 24 | $123.7M | $11.3B |
总资产ALHCGFS
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $16.7B | ||
| Q2 25 | $1.0B | $16.8B | ||
| Q1 25 | $895.6M | $16.5B | ||
| Q4 24 | $782.1M | — | ||
| Q3 24 | $692.3M | $18.1B | ||
| Q2 24 | $716.3M | — |
负债/权益比ALHCGFS
| 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 | $595.0M |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 11.27× | 2.39× |
| 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ALHCGFS
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | — | ||
| Q3 25 | $144.6M | $595.0M | ||
| Q2 25 | $29.1M | $431.0M | ||
| Q1 25 | $16.6M | $331.0M | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $26.2M | $375.0M | ||
| Q2 24 | $23.5M | $402.0M |
自由现金流ALHCGFS
| 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ALHCGFS
| 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ALHCGFS
| 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ALHCGFS
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | 2.39× | ||
| Q2 25 | 1.86× | 1.89× | ||
| Q1 25 | — | 1.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 2.59× |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
