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Alignment Healthcare, Inc.（ALHC）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
Alignment Healthcare, Inc.的季度营收约是摩丁制造的1.3倍（$1.0B vs $805.0M），Alignment Healthcare, Inc.净利率更高（-1.1% vs -5.9%，领先4.8%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 30.5%），摩丁制造自由现金流更多（$-17.1M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 15.5%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
ALHC vs MOD — 直观对比
营收规模更大
ALHC
是对方的1.3倍
$805.0M
营收增速更快
ALHC
高出13.9%
30.5%
净利率更高
ALHC
高出4.8%
-5.9%
自由现金流更多
MOD
多$38.3M
$-55.4M
两年增速更快
ALHC
近两年复合增速
15.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $805.0M |
| 净利润 | $-11.0M | $-47.4M |
| 毛利率 | — | 23.1% |
| 营业利润率 | -1.0% | 11.1% |
| 净利率 | -1.1% | -5.9% |
| 营收同比 | 44.4% | 30.5% |
| 净利润同比 | 64.6% | -215.6% |
| 每股收益（稀释后） | $-0.04 | $-0.90 |
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ALHCMOD
| Q4 25 | $1.0B | $805.0M | ||
| Q3 25 | $993.7M | $738.9M | ||
| Q2 25 | $1.0B | $682.8M | ||
| Q1 25 | $926.9M | $647.2M | ||
| Q4 24 | $701.2M | $616.8M | ||
| Q3 24 | $692.4M | $658.0M | ||
| Q2 24 | $681.3M | $661.5M | ||
| Q1 24 | $628.6M | $603.5M |
净利润ALHCMOD
| Q4 25 | $-11.0M | $-47.4M | ||
| Q3 25 | $3.7M | $44.4M | ||
| Q2 25 | $15.7M | $51.2M | ||
| Q1 25 | $-9.1M | $49.6M | ||
| Q4 24 | $-31.1M | $41.0M | ||
| Q3 24 | $-26.4M | $46.1M | ||
| Q2 24 | $-24.0M | $47.3M | ||
| Q1 24 | $-46.5M | $25.8M |
毛利率ALHCMOD
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
营业利润率ALHCMOD
| Q4 25 | -1.0% | 11.1% | ||
| Q3 25 | 0.8% | 9.9% | ||
| Q2 25 | 2.2% | 11.1% | ||
| Q1 25 | -0.6% | 11.5% | ||
| Q4 24 | -3.2% | 9.6% | ||
| Q3 24 | -2.8% | 11.4% | ||
| Q2 24 | -2.7% | 11.2% | ||
| Q1 24 | -6.5% | 7.8% |
净利率ALHCMOD
| Q4 25 | -1.1% | -5.9% | ||
| Q3 25 | 0.4% | 6.0% | ||
| Q2 25 | 1.5% | 7.5% | ||
| Q1 25 | -1.0% | 7.7% | ||
| Q4 24 | -4.4% | 6.6% | ||
| Q3 24 | -3.8% | 7.0% | ||
| Q2 24 | -3.5% | 7.2% | ||
| Q1 24 | -7.4% | 4.3% |
每股收益（稀释后）ALHCMOD
| Q4 25 | $-0.04 | $-0.90 | ||
| Q3 25 | $0.02 | $0.83 | ||
| Q2 25 | $0.07 | $0.95 | ||
| Q1 25 | $-0.05 | $0.92 | ||
| Q4 24 | $-0.15 | $0.76 | ||
| Q3 24 | $-0.14 | $0.86 | ||
| Q2 24 | $-0.13 | $0.88 | ||
| Q1 24 | $-0.25 | $0.48 |
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 | $98.7M |
| 总债务越低越好 | $323.2M | $570.7M |
| 股东权益账面价值 | $179.3M | $1.1B |
| 总资产 | $1.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资ALHCMOD
| Q4 25 | $604.2M | $98.7M | ||
| Q3 25 | $644.1M | $83.8M | ||
| Q2 25 | $503.8M | $124.5M | ||
| Q1 25 | $479.5M | $71.6M | ||
| Q4 24 | $470.6M | $83.8M | ||
| Q3 24 | $381.0M | $78.6M | ||
| Q2 24 | $363.7M | $72.9M | ||
| Q1 24 | $301.7M | $60.1M |
总债务ALHCMOD
| Q4 25 | $323.2M | $570.7M | ||
| Q3 25 | $322.7M | $525.8M | ||
| Q2 25 | $322.3M | $482.1M | ||
| Q1 25 | $321.9M | $296.7M | ||
| Q4 24 | $321.4M | $330.0M | ||
| Q3 24 | $212.0M | $359.1M | ||
| Q2 24 | $211.7M | $405.7M | ||
| Q1 24 | $162.0M | $399.9M |
股东权益ALHCMOD
| Q4 25 | $179.3M | $1.1B | ||
| Q3 25 | $161.9M | $1.1B | ||
| Q2 25 | $141.0M | $1.0B | ||
| Q1 25 | $108.1M | $910.2M | ||
| Q4 24 | $99.9M | $855.1M | ||
| Q3 24 | $114.5M | $858.8M | ||
| Q2 24 | $123.7M | $788.4M | ||
| Q1 24 | $130.9M | $747.6M |
总资产ALHCMOD
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $1.1B | $2.4B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $895.6M | $1.9B | ||
| Q4 24 | $782.1M | $1.8B | ||
| Q3 24 | $692.3M | $1.9B | ||
| Q2 24 | $716.3M | $1.9B | ||
| Q1 24 | $633.2M | $1.9B |
负债/权益比ALHCMOD
| Q4 25 | 1.80× | 0.51× | ||
| Q3 25 | 1.99× | 0.50× | ||
| Q2 25 | 2.29× | 0.48× | ||
| Q1 25 | 2.98× | 0.33× | ||
| Q4 24 | 3.22× | 0.39× | ||
| Q3 24 | 1.85× | 0.42× | ||
| Q2 24 | 1.71× | 0.51× | ||
| Q1 24 | 1.24× | 0.53× |
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 | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $-17.1M |
| 自由现金流率自由现金流/营收 | -5.5% | -2.1% |
| 资本支出强度资本支出/营收 | 0.5% | 5.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $113.1M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流ALHCMOD
| Q4 25 | $-50.4M | $24.7M | ||
| Q3 25 | $144.6M | $1.4M | ||
| Q2 25 | $29.1M | $27.7M | ||
| Q1 25 | $16.6M | $54.8M | ||
| Q4 24 | $-8.7M | $60.7M | ||
| Q3 24 | $26.2M | $57.3M | ||
| Q2 24 | $23.5M | $40.5M | ||
| Q1 24 | $-6.2M | $39.6M |
自由现金流ALHCMOD
| Q4 25 | $-55.4M | $-17.1M | ||
| Q3 25 | $139.1M | $-30.5M | ||
| Q2 25 | $21.1M | $200.0K | ||
| Q1 25 | $8.4M | $27.1M | ||
| Q4 24 | $-18.0M | $44.7M | ||
| Q3 24 | $16.9M | $43.8M | ||
| Q2 24 | $11.8M | $13.7M | ||
| Q1 24 | $-17.4M | $-4.3M |
自由现金流率ALHCMOD
| Q4 25 | -5.5% | -2.1% | ||
| Q3 25 | 14.0% | -4.1% | ||
| Q2 25 | 2.1% | 0.0% | ||
| Q1 25 | 0.9% | 4.2% | ||
| Q4 24 | -2.6% | 7.2% | ||
| Q3 24 | 2.4% | 6.7% | ||
| Q2 24 | 1.7% | 2.1% | ||
| Q1 24 | -2.8% | -0.7% |
资本支出强度ALHCMOD
| Q4 25 | 0.5% | 5.2% | ||
| Q3 25 | 0.6% | 4.3% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | 0.9% | 4.3% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 1.3% | 2.1% | ||
| Q2 24 | 1.7% | 4.1% | ||
| Q1 24 | 1.8% | 7.3% |
现金转化率ALHCMOD
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | 0.03× | ||
| Q2 25 | 1.86× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 1.24× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | — | 1.53× |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
