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Alignment Healthcare, Inc.（ALHC）与HNI CORP（HNI）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HNI CORP的1.5倍（$1.0B vs $683.8M），HNI CORP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 1.7%），HNI CORP自由现金流更多（$135.6M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 0.3%）
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。
HNI公司是全球营收规模领先的办公家具制造商之一，同时也是全球壁炉产品行业的头部企业，生产销售燃气、电、燃木及生物质燃料壁炉、嵌入式炉具、取暖炉、饰面及相关配件。公司1944年由工程师C.麦克斯韦·斯坦利等三人联合创立，总部位于美国爱荷华州马斯卡廷。
ALHC vs HNI — 直观对比
营收规模更大
ALHC
是对方的1.5倍
$683.8M
营收增速更快
ALHC
高出42.7%
1.7%
净利率更高
HNI
高出7.1%
-1.1%
自由现金流更多
HNI
多$191.0M
$-55.4M
两年增速更快
ALHC
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $683.8M |
| 净利润 | $-11.0M | $41.2M |
| 毛利率 | — | 42.1% |
| 营业利润率 | -1.0% | 9.4% |
| 净利率 | -1.1% | 6.0% |
| 营收同比 | 44.4% | 1.7% |
| 净利润同比 | 64.6% | -13.3% |
| 每股收益（稀释后） | $-0.04 | $0.88 |
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ALHCHNI
| Q4 25 | $1.0B | — | ||
| Q3 25 | $993.7M | $683.8M | ||
| Q2 25 | $1.0B | $667.1M | ||
| Q1 25 | $926.9M | $599.8M | ||
| Q4 24 | $701.2M | $642.5M | ||
| Q3 24 | $692.4M | $672.2M | ||
| Q2 24 | $681.3M | $623.7M | ||
| Q1 24 | $628.6M | $588.0M |
净利润ALHCHNI
| Q4 25 | $-11.0M | — | ||
| Q3 25 | $3.7M | $41.2M | ||
| Q2 25 | $15.7M | $48.2M | ||
| Q1 25 | $-9.1M | $13.9M | ||
| Q4 24 | $-31.1M | $38.3M | ||
| Q3 24 | $-26.4M | $47.5M | ||
| Q2 24 | $-24.0M | $36.0M | ||
| Q1 24 | $-46.5M | $17.7M |
毛利率ALHCHNI
| Q4 25 | — | — | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 42.9% | ||
| Q1 25 | — | 39.7% | ||
| Q4 24 | — | 40.5% | ||
| Q3 24 | — | 41.5% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 39.6% |
营业利润率ALHCHNI
| Q4 25 | -1.0% | — | ||
| Q3 25 | 0.8% | 9.4% | ||
| Q2 25 | 2.2% | 10.2% | ||
| Q1 25 | -0.6% | 4.1% | ||
| Q4 24 | -3.2% | 8.5% | ||
| Q3 24 | -2.8% | 10.2% | ||
| Q2 24 | -2.7% | 8.6% | ||
| Q1 24 | -6.5% | 5.1% |
净利率ALHCHNI
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.4% | 6.0% | ||
| Q2 25 | 1.5% | 7.2% | ||
| Q1 25 | -1.0% | 2.3% | ||
| Q4 24 | -4.4% | 6.0% | ||
| Q3 24 | -3.8% | 7.1% | ||
| Q2 24 | -3.5% | 5.8% | ||
| Q1 24 | -7.4% | 3.0% |
每股收益（稀释后）ALHCHNI
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.02 | $0.88 | ||
| Q2 25 | $0.07 | $1.02 | ||
| Q1 25 | $-0.05 | $0.29 | ||
| Q4 24 | $-0.15 | $0.78 | ||
| Q3 24 | $-0.14 | $0.98 | ||
| Q2 24 | $-0.13 | $0.75 | ||
| Q1 24 | $-0.25 | $0.37 |
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 | $28.1M |
| 总债务越低越好 | $323.2M | $324.2M |
| 股东权益账面价值 | $179.3M | $835.9M |
| 总资产 | $1.1B | $1.8B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资ALHCHNI
| Q4 25 | $604.2M | — | ||
| Q3 25 | $644.1M | $28.1M | ||
| Q2 25 | $503.8M | $38.2M | ||
| Q1 25 | $479.5M | $27.5M | ||
| Q4 24 | $470.6M | $28.9M | ||
| Q3 24 | $381.0M | $40.2M | ||
| Q2 24 | $363.7M | $33.5M | ||
| Q1 24 | $301.7M | $32.5M |
总债务ALHCHNI
| Q4 25 | $323.2M | — | ||
| Q3 25 | $322.7M | $324.2M | ||
| Q2 25 | $322.3M | $444.4M | ||
| Q1 25 | $321.9M | $404.7M | ||
| Q4 24 | $321.4M | $344.6M | ||
| Q3 24 | $212.0M | $345.4M | ||
| Q2 24 | $211.7M | $462.3M | ||
| Q1 24 | $162.0M | $473.0M |
股东权益ALHCHNI
| Q4 25 | $179.3M | — | ||
| Q3 25 | $161.9M | $835.9M | ||
| Q2 25 | $141.0M | $811.0M | ||
| Q1 25 | $108.1M | $803.6M | ||
| Q4 24 | $99.9M | $840.1M | ||
| Q3 24 | $114.5M | $846.6M | ||
| Q2 24 | $123.7M | $787.8M | ||
| Q1 24 | $130.9M | $771.5M |
总资产ALHCHNI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.0B | $1.9B | ||
| Q1 25 | $895.6M | $1.9B | ||
| Q4 24 | $782.1M | $1.9B | ||
| Q3 24 | $692.3M | $1.9B | ||
| Q2 24 | $716.3M | $1.9B | ||
| Q1 24 | $633.2M | $1.9B |
负债/权益比ALHCHNI
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | 0.39× | ||
| Q2 25 | 2.29× | 0.55× | ||
| Q1 25 | 2.98× | 0.50× | ||
| Q4 24 | 3.22× | 0.41× | ||
| Q3 24 | 1.85× | 0.41× | ||
| Q2 24 | 1.71× | 0.59× | ||
| Q1 24 | 1.24× | 0.61× |
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 | $155.2M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $135.6M |
| 自由现金流率自由现金流/营收 | -5.5% | 19.8% |
| 资本支出强度资本支出/营收 | 0.5% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 3.77× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $189.5M |
8季度趋势，按日历期对齐
经营现金流ALHCHNI
| Q4 25 | $-50.4M | — | ||
| Q3 25 | $144.6M | $155.2M | ||
| Q2 25 | $29.1M | $31.1M | ||
| Q1 25 | $16.6M | $12.6M | ||
| Q4 24 | $-8.7M | $51.2M | ||
| Q3 24 | $26.2M | $128.5M | ||
| Q2 24 | $23.5M | $51.3M | ||
| Q1 24 | $-6.2M | $-4.3M |
自由现金流ALHCHNI
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | $135.6M | ||
| Q2 25 | $21.1M | $16.1M | ||
| Q1 25 | $8.4M | $-3.7M | ||
| Q4 24 | $-18.0M | $41.5M | ||
| Q3 24 | $16.9M | $114.0M | ||
| Q2 24 | $11.8M | $33.8M | ||
| Q1 24 | $-17.4M | $-15.5M |
自由现金流率ALHCHNI
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | 19.8% | ||
| Q2 25 | 2.1% | 2.4% | ||
| Q1 25 | 0.9% | -0.6% | ||
| Q4 24 | -2.6% | 6.5% | ||
| Q3 24 | 2.4% | 17.0% | ||
| Q2 24 | 1.7% | 5.4% | ||
| Q1 24 | -2.8% | -2.6% |
资本支出强度ALHCHNI
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | 2.9% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.9% | 2.7% | ||
| Q4 24 | 1.3% | 1.5% | ||
| Q3 24 | 1.3% | 2.2% | ||
| Q2 24 | 1.7% | 2.8% | ||
| Q1 24 | 1.8% | 1.9% |
现金转化率ALHCHNI
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | 3.77× | ||
| Q2 25 | 1.86× | 0.65× | ||
| Q1 25 | — | 0.91× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 2.71× | ||
| Q2 24 | — | 1.43× | ||
| Q1 24 | — | -0.24× |
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
HNI
| Systems Storage And Table | $309.9M | 45% |
| Residential Building Products | $166.9M | 24% |
| Seating Products | $161.1M | 24% |
| Other Products | $45.9M | 7% |
