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Alignment Healthcare, Inc.（ALHC）与Mid-America Apartment Communities（MAA）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Mid-America Apartment Communities的1.8倍（$1.0B vs $555.6M），Mid-America Apartment Communities净利率更高（10.4% vs -1.1%，领先11.4%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 1.0%），Mid-America Apartment Communities自由现金流更多（$158.6M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 1.1%）
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。
Mid-America Apartment Communities（股票代码：MAA）是一家公开上市的房地产投资信托基金，总部位于美国田纳西州孟菲斯市，核心业务为投资美国东南部及西南部地区的公寓物业，深耕美国高增长区域住宅不动产赛道，为股东创造稳定的长期投资回报。
ALHC vs MAA — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $555.6M |
| 净利润 | $-11.0M | $57.6M |
| 毛利率 | — | — |
| 营业利润率 | -1.0% | 10.4% |
| 净利率 | -1.1% | 10.4% |
| 营收同比 | 44.4% | 1.0% |
| 净利润同比 | 64.6% | -65.5% |
| 每股收益（稀释后） | $-0.04 | $0.48 |
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
| Q4 25 | $1.0B | $555.6M | ||
| Q3 25 | $993.7M | $554.4M | ||
| Q2 25 | $1.0B | $549.9M | ||
| Q1 25 | $926.9M | $549.3M | ||
| Q4 24 | $701.2M | $549.8M | ||
| Q3 24 | $692.4M | $551.1M | ||
| Q2 24 | $681.3M | $546.4M | ||
| Q1 24 | $628.6M | $543.6M |
| Q4 25 | $-11.0M | $57.6M | ||
| Q3 25 | $3.7M | $99.5M | ||
| Q2 25 | $15.7M | $108.1M | ||
| Q1 25 | $-9.1M | $181.7M | ||
| Q4 24 | $-31.1M | $166.6M | ||
| Q3 24 | $-26.4M | $115.2M | ||
| Q2 24 | $-24.0M | $102.0M | ||
| Q1 24 | $-46.5M | $143.7M |
| Q4 25 | -1.0% | 10.4% | ||
| Q3 25 | 0.8% | 18.7% | ||
| Q2 25 | 2.2% | 20.2% | ||
| Q1 25 | -0.6% | 34.0% | ||
| Q4 24 | -3.2% | 31.3% | ||
| Q3 24 | -2.8% | 21.5% | ||
| Q2 24 | -2.7% | 19.3% | ||
| Q1 24 | -6.5% | 27.4% |
| Q4 25 | -1.1% | 10.4% | ||
| Q3 25 | 0.4% | 18.0% | ||
| Q2 25 | 1.5% | 19.7% | ||
| Q1 25 | -1.0% | 33.1% | ||
| Q4 24 | -4.4% | 30.3% | ||
| Q3 24 | -3.8% | 20.9% | ||
| Q2 24 | -3.5% | 18.7% | ||
| Q1 24 | -7.4% | 26.4% |
| Q4 25 | $-0.04 | $0.48 | ||
| Q3 25 | $0.02 | $0.84 | ||
| Q2 25 | $0.07 | $0.92 | ||
| Q1 25 | $-0.05 | $1.54 | ||
| Q4 24 | $-0.15 | $1.43 | ||
| Q3 24 | $-0.14 | $0.98 | ||
| Q2 24 | $-0.13 | $0.86 | ||
| Q1 24 | $-0.25 | $1.22 |
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 | $60.3M |
| 总债务越低越好 | $323.2M | — |
| 股东权益账面价值 | $179.3M | $5.7B |
| 总资产 | $1.1B | $12.0B |
| 负债/权益比越低杠杆越低 | 1.80× | — |
8季度趋势，按日历期对齐
| Q4 25 | $604.2M | $60.3M | ||
| Q3 25 | $644.1M | $32.2M | ||
| Q2 25 | $503.8M | $54.5M | ||
| Q1 25 | $479.5M | $55.8M | ||
| Q4 24 | $470.6M | $43.0M | ||
| Q3 24 | $381.0M | $50.2M | ||
| Q2 24 | $363.7M | $62.8M | ||
| Q1 24 | $301.7M | $54.6M |
| 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 | — |
| Q4 25 | $179.3M | $5.7B | ||
| Q3 25 | $161.9M | $5.8B | ||
| Q2 25 | $141.0M | $5.9B | ||
| Q1 25 | $108.1M | $5.9B | ||
| Q4 24 | $99.9M | $5.9B | ||
| Q3 24 | $114.5M | $5.9B | ||
| Q2 24 | $123.7M | $6.0B | ||
| Q1 24 | $130.9M | $6.1B |
| Q4 25 | $1.1B | $12.0B | ||
| Q3 25 | $1.1B | $11.9B | ||
| Q2 25 | $1.0B | $11.8B | ||
| Q1 25 | $895.6M | $11.8B | ||
| Q4 24 | $782.1M | $11.8B | ||
| Q3 24 | $692.3M | $11.8B | ||
| Q2 24 | $716.3M | $11.6B | ||
| Q1 24 | $633.2M | $11.5B |
| 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 | $261.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $158.6M |
| 自由现金流率自由现金流/营收 | -5.5% | 28.5% |
| 资本支出强度资本支出/营收 | 0.5% | 18.6% |
| 现金转化率经营现金流/净利润 | — | 4.55× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $717.9M |
8季度趋势，按日历期对齐
| Q4 25 | $-50.4M | $261.7M | ||
| Q3 25 | $144.6M | $266.4M | ||
| Q2 25 | $29.1M | $353.4M | ||
| Q1 25 | $16.6M | $196.6M | ||
| Q4 24 | $-8.7M | $239.1M | ||
| Q3 24 | $26.2M | $309.5M | ||
| Q2 24 | $23.5M | $349.4M | ||
| Q1 24 | $-6.2M | $200.3M |
| Q4 25 | $-55.4M | $158.6M | ||
| Q3 25 | $139.1M | $170.8M | ||
| Q2 25 | $21.1M | $264.5M | ||
| Q1 25 | $8.4M | $124.0M | ||
| Q4 24 | $-18.0M | $152.6M | ||
| Q3 24 | $16.9M | $215.5M | ||
| Q2 24 | $11.8M | $259.7M | ||
| Q1 24 | $-17.4M | $148.2M |
| Q4 25 | -5.5% | 28.5% | ||
| Q3 25 | 14.0% | 30.8% | ||
| Q2 25 | 2.1% | 48.1% | ||
| Q1 25 | 0.9% | 22.6% | ||
| Q4 24 | -2.6% | 27.8% | ||
| Q3 24 | 2.4% | 39.1% | ||
| Q2 24 | 1.7% | 47.5% | ||
| Q1 24 | -2.8% | 27.3% |
| Q4 25 | 0.5% | 18.6% | ||
| Q3 25 | 0.6% | 17.2% | ||
| Q2 25 | 0.8% | 16.2% | ||
| Q1 25 | 0.9% | 13.2% | ||
| Q4 24 | 1.3% | 15.7% | ||
| Q3 24 | 1.3% | 17.1% | ||
| Q2 24 | 1.7% | 16.4% | ||
| Q1 24 | 1.8% | 9.6% |
| Q4 25 | — | 4.55× | ||
| Q3 25 | 38.77× | 2.68× | ||
| Q2 25 | 1.86× | 3.27× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.39× |
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
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
