vs
Alignment Healthcare, Inc.（ALHC）与光辉国际（KFY）财务数据对比。点击上方公司名可切换其他公司
Alignment Healthcare, Inc.的季度营收约是光辉国际的1.4倍（$1.0B vs $729.8M），光辉国际净利率更高（9.9% vs -1.1%，领先11.0%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 7.0%），光辉国际自由现金流更多（$100.7M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 3.8%）
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。
光辉国际是一家总部位于美国加利福尼亚州洛杉矶的管理咨询企业，成立于1969年。截至2019年，公司在全球53个国家设有111个办事处，员工总数达8198名，旗下设有咨询、数字化、高管寻访、招聘流程外包及专业人才寻访四大业务板块，为全球客户提供全方位的人力资源及管理解决方案。
ALHC vs KFY — 直观对比
营收规模更大
ALHC
是对方的1.4倍
$729.8M
营收增速更快
ALHC
高出37.4%
7.0%
净利率更高
KFY
高出11.0%
-1.1%
自由现金流更多
KFY
多$156.1M
$-55.4M
两年增速更快
ALHC
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $729.8M |
| 净利润 | $-11.0M | $72.4M |
| 毛利率 | — | — |
| 营业利润率 | -1.0% | 13.5% |
| 净利率 | -1.1% | 9.9% |
| 营收同比 | 44.4% | 7.0% |
| 净利润同比 | 64.6% | 19.1% |
| 每股收益（稀释后） | $-0.04 | $1.36 |
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ALHCKFY
| Q4 25 | $1.0B | $729.8M | ||
| Q3 25 | $993.7M | $715.5M | ||
| Q2 25 | $1.0B | $719.8M | ||
| Q1 25 | $926.9M | $676.5M | ||
| Q4 24 | $701.2M | $682.0M | ||
| Q3 24 | $692.4M | $682.8M | ||
| Q2 24 | $681.3M | $699.9M | ||
| Q1 24 | $628.6M | $676.9M |
净利润ALHCKFY
| Q4 25 | $-11.0M | $72.4M | ||
| Q3 25 | $3.7M | $66.6M | ||
| Q2 25 | $15.7M | $64.2M | ||
| Q1 25 | $-9.1M | $58.4M | ||
| Q4 24 | $-31.1M | $60.8M | ||
| Q3 24 | $-26.4M | $62.6M | ||
| Q2 24 | $-24.0M | $65.2M | ||
| Q1 24 | $-46.5M | $59.1M |
营业利润率ALHCKFY
| Q4 25 | -1.0% | 13.5% | ||
| Q3 25 | 0.8% | 11.7% | ||
| Q2 25 | 2.2% | 14.5% | ||
| Q1 25 | -0.6% | 11.6% | ||
| Q4 24 | -3.2% | 12.8% | ||
| Q3 24 | -2.8% | 11.1% | ||
| Q2 24 | -2.7% | 11.9% | ||
| Q1 24 | -6.5% | 7.4% |
净利率ALHCKFY
| Q4 25 | -1.1% | 9.9% | ||
| Q3 25 | 0.4% | 9.3% | ||
| Q2 25 | 1.5% | 8.9% | ||
| Q1 25 | -1.0% | 8.6% | ||
| Q4 24 | -4.4% | 8.9% | ||
| Q3 24 | -3.8% | 9.2% | ||
| Q2 24 | -3.5% | 9.3% | ||
| Q1 24 | -7.4% | 8.7% |
每股收益（稀释后）ALHCKFY
| Q4 25 | $-0.04 | $1.36 | ||
| Q3 25 | $0.02 | $1.26 | ||
| Q2 25 | $0.07 | $1.19 | ||
| Q1 25 | $-0.05 | $1.10 | ||
| Q4 24 | $-0.15 | $1.14 | ||
| Q3 24 | $-0.14 | $1.17 | ||
| Q2 24 | $-0.13 | $1.25 | ||
| Q1 24 | $-0.25 | $1.13 |
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 | $801.1M |
| 总债务越低越好 | $323.2M | — |
| 股东权益账面价值 | $179.3M | $1.9B |
| 总资产 | $1.1B | $3.7B |
| 负债/权益比越低杠杆越低 | 1.80× | — |
8季度趋势，按日历期对齐
现金及短期投资ALHCKFY
| Q4 25 | $604.2M | $801.1M | ||
| Q3 25 | $644.1M | $721.1M | ||
| Q2 25 | $503.8M | $1.0B | ||
| Q1 25 | $479.5M | $820.0M | ||
| Q4 24 | $470.6M | $735.5M | ||
| Q3 24 | $381.0M | $674.0M | ||
| Q2 24 | $363.7M | $983.7M | ||
| Q1 24 | $301.7M | $782.5M |
总债务ALHCKFY
| 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 | — | ||
| Q1 24 | $162.0M | — |
股东权益ALHCKFY
| Q4 25 | $179.3M | $1.9B | ||
| Q3 25 | $161.9M | $1.9B | ||
| Q2 25 | $141.0M | $1.9B | ||
| Q1 25 | $108.1M | $1.8B | ||
| Q4 24 | $99.9M | $1.8B | ||
| Q3 24 | $114.5M | $1.8B | ||
| Q2 24 | $123.7M | $1.7B | ||
| Q1 24 | $130.9M | $1.7B |
总资产ALHCKFY
| Q4 25 | $1.1B | $3.7B | ||
| Q3 25 | $1.1B | $3.6B | ||
| Q2 25 | $1.0B | $3.9B | ||
| Q1 25 | $895.6M | $3.6B | ||
| Q4 24 | $782.1M | $3.5B | ||
| Q3 24 | $692.3M | $3.4B | ||
| Q2 24 | $716.3M | $3.7B | ||
| Q1 24 | $633.2M | $3.6B |
负债/权益比ALHCKFY
| 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× | — | ||
| 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 | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $100.7M |
| 自由现金流率自由现金流/营收 | -5.5% | 13.8% |
| 资本支出强度资本支出/营收 | 0.5% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.68× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $272.6M |
8季度趋势，按日历期对齐
经营现金流ALHCKFY
| Q4 25 | $-50.4M | $121.4M | ||
| Q3 25 | $144.6M | $-237.4M | ||
| Q2 25 | $29.1M | $255.8M | ||
| Q1 25 | $16.6M | $213.7M | ||
| Q4 24 | $-8.7M | $122.0M | ||
| Q3 24 | $26.2M | $-227.2M | ||
| Q2 24 | $23.5M | $261.9M | ||
| Q1 24 | $-6.2M | $164.0M |
自由现金流ALHCKFY
| Q4 25 | $-55.4M | $100.7M | ||
| Q3 25 | $139.1M | $-260.0M | ||
| Q2 25 | $21.1M | $235.5M | ||
| Q1 25 | $8.4M | $196.4M | ||
| Q4 24 | $-18.0M | $107.7M | ||
| Q3 24 | $16.9M | $-237.7M | ||
| Q2 24 | $11.8M | $250.0M | ||
| Q1 24 | $-17.4M | $152.3M |
自由现金流率ALHCKFY
| Q4 25 | -5.5% | 13.8% | ||
| Q3 25 | 14.0% | -36.3% | ||
| Q2 25 | 2.1% | 32.7% | ||
| Q1 25 | 0.9% | 29.0% | ||
| Q4 24 | -2.6% | 15.8% | ||
| Q3 24 | 2.4% | -34.8% | ||
| Q2 24 | 1.7% | 35.7% | ||
| Q1 24 | -2.8% | 22.5% |
资本支出强度ALHCKFY
| Q4 25 | 0.5% | 2.8% | ||
| Q3 25 | 0.6% | 3.2% | ||
| Q2 25 | 0.8% | 2.8% | ||
| Q1 25 | 0.9% | 2.6% | ||
| Q4 24 | 1.3% | 2.1% | ||
| Q3 24 | 1.3% | 1.5% | ||
| Q2 24 | 1.7% | 1.7% | ||
| Q1 24 | 1.8% | 1.7% |
现金转化率ALHCKFY
| Q4 25 | — | 1.68× | ||
| Q3 25 | 38.77× | -3.56× | ||
| Q2 25 | 1.86× | 3.98× | ||
| Q1 25 | — | 3.66× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | -3.63× | ||
| Q2 24 | — | 4.02× | ||
| Q1 24 | — | 2.78× |
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
KFY
| Industrial | $234.0M | 32% |
| Technology Service | $104.5M | 14% |
| RPO | $92.3M | 13% |
| Digital | $91.2M | 13% |
| Consumer Goods | $85.0M | 12% |
| Executive Search EMEA | $52.2M | 7% |
| Education Non Profit And General | $43.2M | 6% |
| Executive Search Asia Pacific | $24.3M | 3% |
| Reimbursed Out Of Pocket Engagement Expenses | $8.1M | 1% |
