vs
Alignment Healthcare, Inc.（ALHC）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Alignment Healthcare, Inc.的1.4倍（$1.4B vs $1.0B），ROKU, INC净利率更高（5.8% vs -1.1%，领先6.9%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 16.1%），ROKU, INC自由现金流更多（$106.6M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 25.8%）
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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
ALHC vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.4倍
$1.0B
营收增速更快
ALHC
高出28.3%
16.1%
净利率更高
ROKU
高出6.9%
-1.1%
自由现金流更多
ROKU
多$162.0M
$-55.4M
两年增速更快
ALHC
近两年复合增速
25.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $-11.0M | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | -1.0% | 4.7% |
| 净利率 | -1.1% | 5.8% |
| 营收同比 | 44.4% | 16.1% |
| 净利润同比 | 64.6% | 326.4% |
| 每股收益（稀释后） | $-0.04 | $0.55 |
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ALHCROKU
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $993.7M | $1.2B | ||
| Q2 25 | $1.0B | $1.1B | ||
| Q1 25 | $926.9M | $1.0B | ||
| Q4 24 | $701.2M | $1.2B | ||
| Q3 24 | $692.4M | $1.1B | ||
| Q2 24 | $681.3M | $968.2M | ||
| Q1 24 | $628.6M | $881.5M |
净利润ALHCROKU
| Q4 25 | $-11.0M | $80.5M | ||
| Q3 25 | $3.7M | $24.8M | ||
| Q2 25 | $15.7M | $10.5M | ||
| Q1 25 | $-9.1M | $-27.4M | ||
| Q4 24 | $-31.1M | $-35.5M | ||
| Q3 24 | $-26.4M | $-9.0M | ||
| Q2 24 | $-24.0M | $-34.0M | ||
| Q1 24 | $-46.5M | $-50.9M |
毛利率ALHCROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率ALHCROKU
| Q4 25 | -1.0% | 4.7% | ||
| Q3 25 | 0.8% | 0.8% | ||
| Q2 25 | 2.2% | -2.1% | ||
| Q1 25 | -0.6% | -5.7% | ||
| Q4 24 | -3.2% | -3.3% | ||
| Q3 24 | -2.8% | -3.4% | ||
| Q2 24 | -2.7% | -7.4% | ||
| Q1 24 | -6.5% | -8.2% |
净利率ALHCROKU
| Q4 25 | -1.1% | 5.8% | ||
| Q3 25 | 0.4% | 2.0% | ||
| Q2 25 | 1.5% | 0.9% | ||
| Q1 25 | -1.0% | -2.7% | ||
| Q4 24 | -4.4% | -3.0% | ||
| Q3 24 | -3.8% | -0.9% | ||
| Q2 24 | -3.5% | -3.5% | ||
| Q1 24 | -7.4% | -5.8% |
每股收益（稀释后）ALHCROKU
| Q4 25 | $-0.04 | $0.55 | ||
| Q3 25 | $0.02 | $0.16 | ||
| Q2 25 | $0.07 | $0.07 | ||
| Q1 25 | $-0.05 | $-0.19 | ||
| Q4 24 | $-0.15 | $-0.24 | ||
| Q3 24 | $-0.14 | $-0.06 | ||
| Q2 24 | $-0.13 | $-0.24 | ||
| Q1 24 | $-0.25 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $323.2M | — |
| 股东权益账面价值 | $179.3M | $2.7B |
| 总资产 | $1.1B | $4.4B |
| 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ALHCROKU
| Q4 25 | $604.2M | $2.3B | ||
| Q3 25 | $644.1M | $2.3B | ||
| Q2 25 | $503.8M | $2.3B | ||
| Q1 25 | $479.5M | $2.3B | ||
| Q4 24 | $470.6M | $2.2B | ||
| Q3 24 | $381.0M | $2.1B | ||
| Q2 24 | $363.7M | $2.1B | ||
| Q1 24 | $301.7M | $2.1B |
总债务ALHCROKU
| 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ALHCROKU
| Q4 25 | $179.3M | $2.7B | ||
| Q3 25 | $161.9M | $2.6B | ||
| Q2 25 | $141.0M | $2.6B | ||
| Q1 25 | $108.1M | $2.5B | ||
| Q4 24 | $99.9M | $2.5B | ||
| Q3 24 | $114.5M | $2.5B | ||
| Q2 24 | $123.7M | $2.4B | ||
| Q1 24 | $130.9M | $2.4B |
总资产ALHCROKU
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.1B | $4.4B | ||
| Q2 25 | $1.0B | $4.3B | ||
| Q1 25 | $895.6M | $4.2B | ||
| Q4 24 | $782.1M | $4.3B | ||
| Q3 24 | $692.3M | $4.3B | ||
| Q2 24 | $716.3M | $4.1B | ||
| Q1 24 | $633.2M | $4.2B |
负债/权益比ALHCROKU
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $106.6M |
| 自由现金流率自由现金流/营收 | -5.5% | 7.6% |
| 资本支出强度资本支出/营收 | 0.5% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $478.4M |
8季度趋势，按日历期对齐
经营现金流ALHCROKU
| Q4 25 | $-50.4M | $107.7M | ||
| Q3 25 | $144.6M | $127.6M | ||
| Q2 25 | $29.1M | $109.7M | ||
| Q1 25 | $16.6M | $138.7M | ||
| Q4 24 | $-8.7M | $79.3M | ||
| Q3 24 | $26.2M | $68.7M | ||
| Q2 24 | $23.5M | $23.4M | ||
| Q1 24 | $-6.2M | $46.7M |
自由现金流ALHCROKU
| Q4 25 | $-55.4M | $106.6M | ||
| Q3 25 | $139.1M | $126.5M | ||
| Q2 25 | $21.1M | $108.6M | ||
| Q1 25 | $8.4M | $136.8M | ||
| Q4 24 | $-18.0M | $76.8M | ||
| Q3 24 | $16.9M | $67.6M | ||
| Q2 24 | $11.8M | $22.5M | ||
| Q1 24 | $-17.4M | $46.0M |
自由现金流率ALHCROKU
| Q4 25 | -5.5% | 7.6% | ||
| Q3 25 | 14.0% | 10.4% | ||
| Q2 25 | 2.1% | 9.8% | ||
| Q1 25 | 0.9% | 13.4% | ||
| Q4 24 | -2.6% | 6.4% | ||
| Q3 24 | 2.4% | 6.4% | ||
| Q2 24 | 1.7% | 2.3% | ||
| Q1 24 | -2.8% | 5.2% |
资本支出强度ALHCROKU
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.6% | 0.1% | ||
| Q2 25 | 0.8% | 0.1% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 1.7% | 0.1% | ||
| Q1 24 | 1.8% | 0.1% |
现金转化率ALHCROKU
| Q4 25 | — | 1.34× | ||
| Q3 25 | 38.77× | 5.14× | ||
| Q2 25 | 1.86× | 10.45× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
