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Alignment Healthcare, Inc.（ALHC）与美森（MATX）财务数据对比。点击上方公司名可切换其他公司
Alignment Healthcare, Inc.的季度营收约是美森的1.4倍（$1.2B vs $851.9M），美森净利率更高（16.8% vs 0.9%，领先15.9%），美森同比增速更快（-4.3% vs -74.7%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（34.6% vs 8.6%）
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。
美森公司（Matson, Inc.）是美国知名航运服务企业，总部位于夏威夷州火奴鲁鲁，成立于1882年。旗下子公司美森航运主营跨太平洋海运业务，服务覆盖夏威夷、阿拉斯加、关岛、密克罗尼西亚、太平洋诸岛、中国及日本等地区。
ALHC vs MATX — 直观对比
营收规模更大
ALHC
是对方的1.4倍
$851.9M
营收增速更快
MATX
高出70.4%
-74.7%
净利率更高
MATX
高出15.9%
0.9%
两年增速更快
ALHC
近两年复合增速
8.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $851.9M |
| 净利润 | $11.4M | $143.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 16.9% |
| 净利率 | 0.9% | 16.8% |
| 营收同比 | -74.7% | -4.3% |
| 净利润同比 | — | 11.8% |
| 每股收益（稀释后） | — | $4.47 |
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ALHCMATX
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $851.9M | ||
| Q3 25 | $993.7M | $880.1M | ||
| Q2 25 | $1.0B | $830.5M | ||
| Q1 25 | $926.9M | $782.0M | ||
| Q4 24 | $701.2M | $890.3M | ||
| Q3 24 | $692.4M | $962.0M | ||
| Q2 24 | $681.3M | $847.4M |
净利润ALHCMATX
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $143.1M | ||
| Q3 25 | $3.7M | $134.7M | ||
| Q2 25 | $15.7M | $94.7M | ||
| Q1 25 | $-9.1M | $72.3M | ||
| Q4 24 | $-31.1M | $128.0M | ||
| Q3 24 | $-26.4M | $199.1M | ||
| Q2 24 | $-24.0M | $113.2M |
营业利润率ALHCMATX
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 16.9% | ||
| Q3 25 | 0.8% | 18.3% | ||
| Q2 25 | 2.2% | 13.6% | ||
| Q1 25 | -0.6% | 10.5% | ||
| Q4 24 | -3.2% | 16.6% | ||
| Q3 24 | -2.8% | 25.2% | ||
| Q2 24 | -2.7% | 14.7% |
净利率ALHCMATX
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 16.8% | ||
| Q3 25 | 0.4% | 15.3% | ||
| Q2 25 | 1.5% | 11.4% | ||
| Q1 25 | -1.0% | 9.2% | ||
| Q4 24 | -4.4% | 14.4% | ||
| Q3 24 | -3.8% | 20.7% | ||
| Q2 24 | -3.5% | 13.4% |
每股收益（稀释后）ALHCMATX
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $4.47 | ||
| Q3 25 | $0.02 | $4.24 | ||
| Q2 25 | $0.07 | $2.92 | ||
| Q1 25 | $-0.05 | $2.18 | ||
| Q4 24 | $-0.15 | $3.69 | ||
| Q3 24 | $-0.14 | $5.89 | ||
| Q2 24 | $-0.13 | $3.31 |
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 | $141.9M |
| 总债务越低越好 | — | $361.2M |
| 股东权益账面价值 | $206.9M | $2.8B |
| 总资产 | $1.3B | $4.6B |
| 负债/权益比越低杠杆越低 | — | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资ALHCMATX
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $141.9M | ||
| Q3 25 | $644.1M | $92.7M | ||
| Q2 25 | $503.8M | $59.1M | ||
| Q1 25 | $479.5M | $122.0M | ||
| Q4 24 | $470.6M | $266.8M | ||
| Q3 24 | $381.0M | $270.3M | ||
| Q2 24 | $363.7M | $168.2M |
总债务ALHCMATX
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $361.2M | ||
| Q3 25 | $322.7M | $370.9M | ||
| Q2 25 | $322.3M | $341.3M | ||
| Q1 25 | $321.9M | $351.1M | ||
| Q4 24 | $321.4M | $361.2M | ||
| Q3 24 | $212.0M | $370.9M | ||
| Q2 24 | $211.7M | $381.0M |
股东权益ALHCMATX
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $2.8B | ||
| Q3 25 | $161.9M | $2.7B | ||
| Q2 25 | $141.0M | $2.6B | ||
| Q1 25 | $108.1M | $2.6B | ||
| Q4 24 | $99.9M | $2.7B | ||
| Q3 24 | $114.5M | $2.6B | ||
| Q2 24 | $123.7M | $2.4B |
总资产ALHCMATX
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $4.6B | ||
| Q3 25 | $1.1B | $4.6B | ||
| Q2 25 | $1.0B | $4.5B | ||
| Q1 25 | $895.6M | $4.5B | ||
| Q4 24 | $782.1M | $4.6B | ||
| Q3 24 | $692.3M | $4.4B | ||
| Q2 24 | $716.3M | $4.3B |
负债/权益比ALHCMATX
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 0.13× | ||
| Q3 25 | 1.99× | 0.14× | ||
| Q2 25 | 2.29× | 0.13× | ||
| Q1 25 | 2.98× | 0.13× | ||
| Q4 24 | 3.22× | 0.14× | ||
| Q3 24 | 1.85× | 0.15× | ||
| Q2 24 | 1.71× | 0.16× |
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 | $176.9M |
| 自由现金流经营现金流 - 资本支出 | — | $42.2M |
| 自由现金流率自由现金流/营收 | — | 5.0% |
| 资本支出强度资本支出/营收 | — | 15.8% |
| 现金转化率经营现金流/净利润 | 11.27× | 1.24× |
| 过去12个月自由现金流最近4个季度 | — | $153.7M |
8季度趋势，按日历期对齐
经营现金流ALHCMATX
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $176.9M | ||
| Q3 25 | $144.6M | $175.6M | ||
| Q2 25 | $29.1M | $105.6M | ||
| Q1 25 | $16.6M | $89.0M | ||
| Q4 24 | $-8.7M | $174.7M | ||
| Q3 24 | $26.2M | $248.6M | ||
| Q2 24 | $23.5M | $307.9M |
自由现金流ALHCMATX
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $42.2M | ||
| Q3 25 | $139.1M | $92.4M | ||
| Q2 25 | $21.1M | $19.3M | ||
| Q1 25 | $8.4M | $-200.0K | ||
| Q4 24 | $-18.0M | $49.3M | ||
| Q3 24 | $16.9M | $189.0M | ||
| Q2 24 | $11.8M | $238.1M |
自由现金流率ALHCMATX
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 5.0% | ||
| Q3 25 | 14.0% | 10.5% | ||
| Q2 25 | 2.1% | 2.3% | ||
| Q1 25 | 0.9% | -0.0% | ||
| Q4 24 | -2.6% | 5.5% | ||
| Q3 24 | 2.4% | 19.6% | ||
| Q2 24 | 1.7% | 28.1% |
资本支出强度ALHCMATX
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 15.8% | ||
| Q3 25 | 0.6% | 9.5% | ||
| Q2 25 | 0.8% | 10.4% | ||
| Q1 25 | 0.9% | 11.4% | ||
| Q4 24 | 1.3% | 14.1% | ||
| Q3 24 | 1.3% | 6.2% | ||
| Q2 24 | 1.7% | 8.2% |
现金转化率ALHCMATX
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 1.24× | ||
| Q3 25 | 38.77× | 1.30× | ||
| Q2 25 | 1.86× | 1.12× | ||
| Q1 25 | — | 1.23× | ||
| Q4 24 | — | 1.36× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | — | 2.72× |
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
MATX
| Ocean Transportation Segment | $704.2M | 83% |
| Logistics Services Segment | $147.7M | 17% |
