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Alignment Healthcare, Inc.（ALHC）与森萨塔科技（ST）财务数据对比。点击上方公司名可切换其他公司
Alignment Healthcare, Inc.的季度营收约是森萨塔科技的1.3倍（$1.2B vs $934.8M），森萨塔科技净利率更高（9.3% vs 0.9%，领先8.4%），森萨塔科技同比增速更快（2.6% vs -74.7%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（34.6% vs -5.0%）
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。
森萨塔科技控股有限公司是全球领先的工业科技企业，主营传感器、电气保护及控制解决方案的研发、生产与销售，产品覆盖汽车、工业、航空航天、暖通空调、电信等多个下游领域，服务全球制造类企业客户。
ALHC vs ST — 直观对比
营收规模更大
ALHC
是对方的1.3倍
$934.8M
营收增速更快
ST
高出77.3%
-74.7%
净利率更高
ST
高出8.4%
0.9%
两年增速更快
ALHC
近两年复合增速
-5.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $934.8M |
| 净利润 | $11.4M | $87.1M |
| 毛利率 | — | 30.6% |
| 营业利润率 | — | 15.1% |
| 净利率 | 0.9% | 9.3% |
| 营收同比 | -74.7% | 2.6% |
| 净利润同比 | — | 24.6% |
| 每股收益（稀释后） | — | $0.59 |
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ALHCST
| Q1 26 | $1.2B | $934.8M | ||
| Q4 25 | $1.0B | $917.9M | ||
| Q3 25 | $993.7M | $932.0M | ||
| Q2 25 | $1.0B | $943.4M | ||
| Q1 25 | $926.9M | $911.3M | ||
| Q4 24 | $701.2M | $907.7M | ||
| Q3 24 | $692.4M | $982.8M | ||
| Q2 24 | $681.3M | $1.0B |
净利润ALHCST
| Q1 26 | $11.4M | $87.1M | ||
| Q4 25 | $-11.0M | $63.2M | ||
| Q3 25 | $3.7M | $-162.5M | ||
| Q2 25 | $15.7M | $60.7M | ||
| Q1 25 | $-9.1M | $69.9M | ||
| Q4 24 | $-31.1M | $5.8M | ||
| Q3 24 | $-26.4M | $-25.0M | ||
| Q2 24 | $-24.0M | $71.7M |
毛利率ALHCST
| Q1 26 | — | 30.6% | ||
| Q4 25 | — | 29.0% | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 27.1% | ||
| Q3 24 | — | 28.6% | ||
| Q2 24 | — | 30.0% |
营业利润率ALHCST
| Q1 26 | — | 15.1% | ||
| Q4 25 | -1.0% | 10.9% | ||
| Q3 25 | 0.8% | -13.2% | ||
| Q2 25 | 2.2% | 14.6% | ||
| Q1 25 | -0.6% | 13.4% | ||
| Q4 24 | -3.2% | 8.1% | ||
| Q3 24 | -2.8% | -20.3% | ||
| Q2 24 | -2.7% | 12.5% |
净利率ALHCST
| Q1 26 | 0.9% | 9.3% | ||
| Q4 25 | -1.1% | 6.9% | ||
| Q3 25 | 0.4% | -17.4% | ||
| Q2 25 | 1.5% | 6.4% | ||
| Q1 25 | -1.0% | 7.7% | ||
| Q4 24 | -4.4% | 0.6% | ||
| Q3 24 | -3.8% | -2.5% | ||
| Q2 24 | -3.5% | 6.9% |
每股收益（稀释后）ALHCST
| Q1 26 | — | $0.59 | ||
| Q4 25 | $-0.04 | $0.45 | ||
| Q3 25 | $0.02 | $-1.12 | ||
| Q2 25 | $0.07 | $0.41 | ||
| Q1 25 | $-0.05 | $0.47 | ||
| Q4 24 | $-0.15 | $0.05 | ||
| Q3 24 | $-0.14 | $-0.17 | ||
| Q2 24 | $-0.13 | $0.47 |
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 | $635.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.9M | $2.9B |
| 总资产 | $1.3B | $6.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ALHCST
| Q1 26 | $705.6M | $635.1M | ||
| Q4 25 | $604.2M | $573.0M | ||
| Q3 25 | $644.1M | $791.3M | ||
| Q2 25 | $503.8M | $661.8M | ||
| Q1 25 | $479.5M | $588.1M | ||
| Q4 24 | $470.6M | $593.7M | ||
| Q3 24 | $381.0M | $506.2M | ||
| Q2 24 | $363.7M | $1.0B |
总债务ALHCST
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | $2.8B | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | $3.2B | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — |
股东权益ALHCST
| Q1 26 | $206.9M | $2.9B | ||
| Q4 25 | $179.3M | $2.8B | ||
| Q3 25 | $161.9M | $2.7B | ||
| Q2 25 | $141.0M | $2.9B | ||
| Q1 25 | $108.1M | $2.8B | ||
| Q4 24 | $99.9M | $2.9B | ||
| Q3 24 | $114.5M | $3.0B | ||
| Q2 24 | $123.7M | $3.0B |
总资产ALHCST
| Q1 26 | $1.3B | $6.8B | ||
| Q4 25 | $1.1B | $6.8B | ||
| Q3 25 | $1.1B | $7.1B | ||
| Q2 25 | $1.0B | $7.3B | ||
| Q1 25 | $895.6M | $7.2B | ||
| Q4 24 | $782.1M | $7.1B | ||
| Q3 24 | $692.3M | $7.3B | ||
| Q2 24 | $716.3M | $8.2B |
负债/权益比ALHCST
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | 1.02× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | 1.11× | ||
| Q3 24 | 1.85× | — | ||
| Q2 24 | 1.71× | — |
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 | $122.5M |
| 自由现金流经营现金流 - 资本支出 | — | $104.6M |
| 自由现金流率自由现金流/营收 | — | 11.2% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 11.27× | 1.41× |
| 过去12个月自由现金流最近4个季度 | — | $508.3M |
8季度趋势，按日历期对齐
经营现金流ALHCST
| Q1 26 | $128.7M | $122.5M | ||
| Q4 25 | $-50.4M | $201.5M | ||
| Q3 25 | $144.6M | $159.9M | ||
| Q2 25 | $29.1M | $140.9M | ||
| Q1 25 | $16.6M | $119.2M | ||
| Q4 24 | $-8.7M | $170.7M | ||
| Q3 24 | $26.2M | $130.9M | ||
| Q2 24 | $23.5M | $143.5M |
自由现金流ALHCST
| Q1 26 | — | $104.6M | ||
| Q4 25 | $-55.4M | $151.9M | ||
| Q3 25 | $139.1M | $136.2M | ||
| Q2 25 | $21.1M | $115.5M | ||
| Q1 25 | $8.4M | $86.6M | ||
| Q4 24 | $-18.0M | $138.9M | ||
| Q3 24 | $16.9M | $91.3M | ||
| Q2 24 | $11.8M | $98.4M |
自由现金流率ALHCST
| Q1 26 | — | 11.2% | ||
| Q4 25 | -5.5% | 16.6% | ||
| Q3 25 | 14.0% | 14.6% | ||
| Q2 25 | 2.1% | 12.2% | ||
| Q1 25 | 0.9% | 9.5% | ||
| Q4 24 | -2.6% | 15.3% | ||
| Q3 24 | 2.4% | 9.3% | ||
| Q2 24 | 1.7% | 9.5% |
资本支出强度ALHCST
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 5.4% | ||
| Q3 25 | 0.6% | 2.5% | ||
| Q2 25 | 0.8% | 2.7% | ||
| Q1 25 | 0.9% | 3.6% | ||
| Q4 24 | 1.3% | 3.5% | ||
| Q3 24 | 1.3% | 4.0% | ||
| Q2 24 | 1.7% | 4.4% |
现金转化率ALHCST
| Q1 26 | 11.27× | 1.41× | ||
| Q4 25 | — | 3.19× | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | 2.32× | ||
| Q1 25 | — | 1.70× | ||
| Q4 24 | — | 29.50× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 2.00× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
