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Alignment Healthcare, Inc.（ALHC）与Martin Marietta Materials（MLM）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Martin Marietta Materials的1.1倍（$1.2B vs $1.1B），Martin Marietta Materials净利率更高（24.5% vs 0.9%，领先23.5%），Martin Marietta Materials同比增速更快（-30.1% vs -74.7%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（34.6% vs -4.5%）
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。
马丁·玛丽埃塔材料公司是美国大型集料及重型建筑材料供应商，业务覆盖美国26个州、加拿大及加勒比地区，主要为道路、人行道、地基等各类基建项目提供所需原材料。
ALHC vs MLM — 直观对比
营收规模更大
ALHC
是对方的1.1倍
$1.1B
营收增速更快
MLM
高出44.6%
-74.7%
净利率更高
MLM
高出23.5%
0.9%
两年增速更快
ALHC
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $11.4M | $279.0M |
| 毛利率 | — | 35.0% |
| 营业利润率 | — | 24.6% |
| 净利率 | 0.9% | 24.5% |
| 营收同比 | -74.7% | -30.1% |
| 净利润同比 | — | -4.8% |
| 每股收益（稀释后） | — | $4.59 |
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ALHCMLM
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $993.7M | $1.8B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $926.9M | $1.4B | ||
| Q4 24 | $701.2M | $1.6B | ||
| Q3 24 | $692.4M | $1.9B | ||
| Q2 24 | $681.3M | $1.8B |
净利润ALHCMLM
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | $279.0M | ||
| Q3 25 | $3.7M | $414.0M | ||
| Q2 25 | $15.7M | $328.0M | ||
| Q1 25 | $-9.1M | $116.0M | ||
| Q4 24 | $-31.1M | $293.0M | ||
| Q3 24 | $-26.4M | $363.0M | ||
| Q2 24 | $-24.0M | $294.0M |
毛利率ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 33.1% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 24.8% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 29.3% |
营业利润率ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | 24.6% | ||
| Q3 25 | 0.8% | 27.4% | ||
| Q2 25 | 2.2% | 25.3% | ||
| Q1 25 | -0.6% | 14.3% | ||
| Q4 24 | -3.2% | 24.4% | ||
| Q3 24 | -2.8% | 25.9% | ||
| Q2 24 | -2.7% | 22.6% |
净利率ALHCMLM
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | 24.5% | ||
| Q3 25 | 0.4% | 22.4% | ||
| Q2 25 | 1.5% | 18.1% | ||
| Q1 25 | -1.0% | 8.6% | ||
| Q4 24 | -4.4% | 18.0% | ||
| Q3 24 | -3.8% | 19.2% | ||
| Q2 24 | -3.5% | 16.7% |
每股收益（稀释后）ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | $4.59 | ||
| Q3 25 | $0.02 | $6.85 | ||
| Q2 25 | $0.07 | $5.43 | ||
| Q1 25 | $-0.05 | $1.90 | ||
| Q4 24 | $-0.15 | $4.87 | ||
| Q3 24 | $-0.14 | $5.91 | ||
| Q2 24 | $-0.13 | $4.76 |
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 | $67.0M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $206.9M | $10.0B |
| 总资产 | $1.3B | $18.7B |
| 负债/权益比越低杠杆越低 | — | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资ALHCMLM
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | $67.0M | ||
| Q3 25 | $644.1M | $57.0M | ||
| Q2 25 | $503.8M | $225.0M | ||
| Q1 25 | $479.5M | $101.0M | ||
| Q4 24 | $470.6M | $670.0M | ||
| Q3 24 | $381.0M | $52.0M | ||
| Q2 24 | $363.7M | $109.0M |
总债务ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $5.3B | ||
| Q3 25 | $322.7M | $5.5B | ||
| Q2 25 | $322.3M | $5.4B | ||
| Q1 25 | $321.9M | $5.4B | ||
| Q4 24 | $321.4M | $5.4B | ||
| Q3 24 | $212.0M | $4.0B | ||
| Q2 24 | $211.7M | $4.3B |
股东权益ALHCMLM
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | $10.0B | ||
| Q3 25 | $161.9M | $9.7B | ||
| Q2 25 | $141.0M | $9.4B | ||
| Q1 25 | $108.1M | $9.1B | ||
| Q4 24 | $99.9M | $9.5B | ||
| Q3 24 | $114.5M | $9.2B | ||
| Q2 24 | $123.7M | $8.8B |
总资产ALHCMLM
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | $18.7B | ||
| Q3 25 | $1.1B | $18.7B | ||
| Q2 25 | $1.0B | $18.1B | ||
| Q1 25 | $895.6M | $17.7B | ||
| Q4 24 | $782.1M | $18.2B | ||
| Q3 24 | $692.3M | $16.5B | ||
| Q2 24 | $716.3M | $16.3B |
负债/权益比ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 0.53× | ||
| Q3 25 | 1.99× | 0.57× | ||
| Q2 25 | 2.29× | 0.58× | ||
| Q1 25 | 2.98× | 0.60× | ||
| Q4 24 | 3.22× | 0.57× | ||
| Q3 24 | 1.85× | 0.44× | ||
| Q2 24 | 1.71× | 0.49× |
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 | $629.0M |
| 自由现金流经营现金流 - 资本支出 | — | $424.0M |
| 自由现金流率自由现金流/营收 | — | 37.2% |
| 资本支出强度资本支出/营收 | — | 18.0% |
| 现金转化率经营现金流/净利润 | 11.27× | 2.25× |
| 过去12个月自由现金流最近4个季度 | — | $978.0M |
8季度趋势，按日历期对齐
经营现金流ALHCMLM
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | $629.0M | ||
| Q3 25 | $144.6M | $551.0M | ||
| Q2 25 | $29.1M | $387.0M | ||
| Q1 25 | $16.6M | $218.0M | ||
| Q4 24 | $-8.7M | $686.0M | ||
| Q3 24 | $26.2M | $600.0M | ||
| Q2 24 | $23.5M | $1.0M |
自由现金流ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | $424.0M | ||
| Q3 25 | $139.1M | $361.0M | ||
| Q2 25 | $21.1M | $208.0M | ||
| Q1 25 | $8.4M | $-15.0M | ||
| Q4 24 | $-18.0M | $453.0M | ||
| Q3 24 | $16.9M | $317.0M | ||
| Q2 24 | $11.8M | $-138.0M |
自由现金流率ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | 37.2% | ||
| Q3 25 | 14.0% | 19.6% | ||
| Q2 25 | 2.1% | 11.5% | ||
| Q1 25 | 0.9% | -1.1% | ||
| Q4 24 | -2.6% | 27.8% | ||
| Q3 24 | 2.4% | 16.8% | ||
| Q2 24 | 1.7% | -7.8% |
资本支出强度ALHCMLM
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 18.0% | ||
| Q3 25 | 0.6% | 10.3% | ||
| Q2 25 | 0.8% | 9.9% | ||
| Q1 25 | 0.9% | 17.2% | ||
| Q4 24 | 1.3% | 14.3% | ||
| Q3 24 | 1.3% | 15.0% | ||
| Q2 24 | 1.7% | 7.9% |
现金转化率ALHCMLM
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | 2.25× | ||
| Q3 25 | 38.77× | 1.33× | ||
| Q2 25 | 1.86× | 1.18× | ||
| Q1 25 | — | 1.88× | ||
| Q4 24 | — | 2.34× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 0.00× |
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
MLM
| Building Materials Business East Group | $774.0M | 68% |
| Building Materials Business West Group | $233.0M | 20% |
| Services | $88.0M | 8% |
| Other | $45.0M | 4% |
