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Alignment Healthcare, Inc.（ALHC）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是Alignment Healthcare, Inc.的1.5倍（$1.5B vs $1.0B），Alignment Healthcare, Inc.净利率更高（-1.1% vs -3.1%，领先2.0%），Alignment Healthcare, Inc.同比增速更快（44.4% vs -11.9%），RXO, Inc.自由现金流更多（$-9.0M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs 26.8%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
ALHC vs RXO — 直观对比
营收规模更大
RXO
是对方的1.5倍
$1.0B
营收增速更快
ALHC
高出56.3%
-11.9%
净利率更高
ALHC
高出2.0%
-3.1%
自由现金流更多
RXO
多$46.4M
$-55.4M
两年增速更快
ALHC
近两年复合增速
26.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.5B |
| 净利润 | $-11.0M | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.0% | -2.9% |
| 净利率 | -1.1% | -3.1% |
| 营收同比 | 44.4% | -11.9% |
| 净利润同比 | 64.6% | -84.0% |
| 每股收益（稀释后） | $-0.04 | $-0.28 |
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ALHCRXO
| Q4 25 | $1.0B | $1.5B | ||
| Q3 25 | $993.7M | $1.4B | ||
| Q2 25 | $1.0B | $1.4B | ||
| Q1 25 | $926.9M | $1.4B | ||
| Q4 24 | $701.2M | $1.7B | ||
| Q3 24 | $692.4M | $1.0B | ||
| Q2 24 | $681.3M | $930.0M | ||
| Q1 24 | $628.6M | $913.0M |
净利润ALHCRXO
| Q4 25 | $-11.0M | $-46.0M | ||
| Q3 25 | $3.7M | $-14.0M | ||
| Q2 25 | $15.7M | $-9.0M | ||
| Q1 25 | $-9.1M | $-31.0M | ||
| Q4 24 | $-31.1M | $-25.0M | ||
| Q3 24 | $-26.4M | $-243.0M | ||
| Q2 24 | $-24.0M | $-7.0M | ||
| Q1 24 | $-46.5M | $-15.0M |
营业利润率ALHCRXO
| Q4 25 | -1.0% | -2.9% | ||
| Q3 25 | 0.8% | -0.5% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | -0.6% | -2.1% | ||
| Q4 24 | -3.2% | -1.4% | ||
| Q3 24 | -2.8% | -1.9% | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -6.5% | -1.3% |
净利率ALHCRXO
| Q4 25 | -1.1% | -3.1% | ||
| Q3 25 | 0.4% | -1.0% | ||
| Q2 25 | 1.5% | -0.6% | ||
| Q1 25 | -1.0% | -2.2% | ||
| Q4 24 | -4.4% | -1.5% | ||
| Q3 24 | -3.8% | -23.4% | ||
| Q2 24 | -3.5% | -0.8% | ||
| Q1 24 | -7.4% | -1.6% |
每股收益（稀释后）ALHCRXO
| Q4 25 | $-0.04 | $-0.28 | ||
| Q3 25 | $0.02 | $-0.08 | ||
| Q2 25 | $0.07 | $-0.05 | ||
| Q1 25 | $-0.05 | $-0.18 | ||
| Q4 24 | $-0.15 | $-0.17 | ||
| Q3 24 | $-0.14 | $-1.81 | ||
| Q2 24 | $-0.13 | $-0.06 | ||
| Q1 24 | $-0.25 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | $323.2M | $387.0M |
| 股东权益账面价值 | $179.3M | $1.5B |
| 总资产 | $1.1B | $3.3B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资ALHCRXO
| Q4 25 | $604.2M | $17.0M | ||
| Q3 25 | $644.1M | $25.0M | ||
| Q2 25 | $503.8M | $18.0M | ||
| Q1 25 | $479.5M | $16.0M | ||
| Q4 24 | $470.6M | $35.0M | ||
| Q3 24 | $381.0M | $55.0M | ||
| Q2 24 | $363.7M | $7.0M | ||
| Q1 24 | $301.7M | $7.0M |
总债务ALHCRXO
| Q4 25 | $323.2M | $387.0M | ||
| Q3 25 | $322.7M | $387.0M | ||
| Q2 25 | $322.3M | $387.0M | ||
| Q1 25 | $321.9M | $387.0M | ||
| Q4 24 | $321.4M | $351.0M | ||
| Q3 24 | $212.0M | $352.0M | ||
| Q2 24 | $211.7M | $370.0M | ||
| Q1 24 | $162.0M | $351.0M |
股东权益ALHCRXO
| Q4 25 | $179.3M | $1.5B | ||
| Q3 25 | $161.9M | $1.6B | ||
| Q2 25 | $141.0M | $1.6B | ||
| Q1 25 | $108.1M | $1.6B | ||
| Q4 24 | $99.9M | $1.6B | ||
| Q3 24 | $114.5M | $1.7B | ||
| Q2 24 | $123.7M | $579.0M | ||
| Q1 24 | $130.9M | $582.0M |
总资产ALHCRXO
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.0B | $3.2B | ||
| Q1 25 | $895.6M | $3.3B | ||
| Q4 24 | $782.1M | $3.4B | ||
| Q3 24 | $692.3M | $3.4B | ||
| Q2 24 | $716.3M | $1.8B | ||
| Q1 24 | $633.2M | $1.8B |
负债/权益比ALHCRXO
| Q4 25 | 1.80× | 0.25× | ||
| Q3 25 | 1.99× | 0.24× | ||
| Q2 25 | 2.29× | 0.24× | ||
| Q1 25 | 2.98× | 0.24× | ||
| Q4 24 | 3.22× | 0.22× | ||
| Q3 24 | 1.85× | 0.21× | ||
| Q2 24 | 1.71× | 0.64× | ||
| Q1 24 | 1.24× | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $-9.0M |
| 自由现金流率自由现金流/营收 | -5.5% | -0.6% |
| 资本支出强度资本支出/营收 | 0.5% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流ALHCRXO
| Q4 25 | $-50.4M | $7.0M | ||
| Q3 25 | $144.6M | $23.0M | ||
| Q2 25 | $29.1M | $23.0M | ||
| Q1 25 | $16.6M | $-2.0M | ||
| Q4 24 | $-8.7M | $-7.0M | ||
| Q3 24 | $26.2M | $-7.0M | ||
| Q2 24 | $23.5M | $-5.0M | ||
| Q1 24 | $-6.2M | $7.0M |
自由现金流ALHCRXO
| Q4 25 | $-55.4M | $-9.0M | ||
| Q3 25 | $139.1M | $9.0M | ||
| Q2 25 | $21.1M | $9.0M | ||
| Q1 25 | $8.4M | $-17.0M | ||
| Q4 24 | $-18.0M | $-19.0M | ||
| Q3 24 | $16.9M | $-18.0M | ||
| Q2 24 | $11.8M | $-16.0M | ||
| Q1 24 | $-17.4M | $-4.0M |
自由现金流率ALHCRXO
| Q4 25 | -5.5% | -0.6% | ||
| Q3 25 | 14.0% | 0.6% | ||
| Q2 25 | 2.1% | 0.6% | ||
| Q1 25 | 0.9% | -1.2% | ||
| Q4 24 | -2.6% | -1.1% | ||
| Q3 24 | 2.4% | -1.7% | ||
| Q2 24 | 1.7% | -1.7% | ||
| Q1 24 | -2.8% | -0.4% |
资本支出强度ALHCRXO
| Q4 25 | 0.5% | 1.1% | ||
| Q3 25 | 0.6% | 1.0% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 0.9% | 1.0% | ||
| Q4 24 | 1.3% | 0.7% | ||
| Q3 24 | 1.3% | 1.1% | ||
| Q2 24 | 1.7% | 1.2% | ||
| Q1 24 | 1.8% | 1.2% |
现金转化率ALHCRXO
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | — | ||
| 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
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
