vs
Alignment Healthcare, Inc.（ALHC）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
Alignment Healthcare, Inc.的季度营收约是思佳讯的1.3倍（$1.2B vs $943.7M），思佳讯净利率更高（3.8% vs 0.9%，领先2.8%），思佳讯同比增速更快（-1.0% vs -74.7%），过去两年Alignment Healthcare, Inc.的营收复合增速更高（34.6% vs 2.1%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
ALHC vs SWKS — 直观对比
营收规模更大
ALHC
是对方的1.3倍
$943.7M
营收增速更快
SWKS
高出73.7%
-74.7%
净利率更高
SWKS
高出2.8%
0.9%
两年增速更快
ALHC
近两年复合增速
2.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $943.7M |
| 净利润 | $11.4M | $35.6M |
| 毛利率 | — | 40.8% |
| 营业利润率 | — | 4.5% |
| 净利率 | 0.9% | 3.8% |
| 营收同比 | -74.7% | -1.0% |
| 净利润同比 | — | -48.2% |
| 每股收益（稀释后） | — | $0.24 |
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ALHCSWKS
| Q2 26 | — | $943.7M | ||
| Q1 26 | $1.2B | $1.0B | ||
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $993.7M | — | ||
| Q2 25 | $1.0B | $965.0M | ||
| Q1 25 | $926.9M | $953.2M | ||
| Q4 24 | $701.2M | $1.1B | ||
| Q3 24 | $692.4M | $1.0B |
净利润ALHCSWKS
| Q2 26 | — | $35.6M | ||
| Q1 26 | $11.4M | $79.2M | ||
| Q4 25 | $-11.0M | $141.4M | ||
| Q3 25 | $3.7M | — | ||
| Q2 25 | $15.7M | $105.0M | ||
| Q1 25 | $-9.1M | $68.7M | ||
| Q4 24 | $-31.1M | $162.0M | ||
| Q3 24 | $-26.4M | $60.5M |
毛利率ALHCSWKS
| Q2 26 | — | 40.8% | ||
| Q1 26 | — | 41.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 41.6% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 41.9% |
营业利润率ALHCSWKS
| Q2 26 | — | 4.5% | ||
| Q1 26 | — | 10.0% | ||
| Q4 25 | -1.0% | 10.1% | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 2.2% | 11.5% | ||
| Q1 25 | -0.6% | 10.2% | ||
| Q4 24 | -3.2% | 16.9% | ||
| Q3 24 | -2.8% | 5.8% |
净利率ALHCSWKS
| Q2 26 | — | 3.8% | ||
| Q1 26 | 0.9% | 7.6% | ||
| Q4 25 | -1.1% | 12.9% | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 1.5% | 10.9% | ||
| Q1 25 | -1.0% | 7.2% | ||
| Q4 24 | -4.4% | 15.2% | ||
| Q3 24 | -3.8% | 5.9% |
每股收益（稀释后）ALHCSWKS
| Q2 26 | — | $0.24 | ||
| Q1 26 | — | $0.53 | ||
| Q4 25 | $-0.04 | $0.95 | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.07 | $0.70 | ||
| Q1 25 | $-0.05 | $0.43 | ||
| Q4 24 | $-0.15 | $1.00 | ||
| Q3 24 | $-0.14 | $0.36 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.9M | $5.8B |
| 总资产 | $1.3B | $7.9B |
| 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ALHCSWKS
| Q2 26 | — | — | ||
| Q1 26 | $705.6M | $1.6B | ||
| Q4 25 | $604.2M | $1.4B | ||
| Q3 25 | $644.1M | — | ||
| Q2 25 | $503.8M | $1.3B | ||
| Q1 25 | $479.5M | $1.5B | ||
| Q4 24 | $470.6M | $1.7B | ||
| Q3 24 | $381.0M | $1.6B |
总债务ALHCSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | $496.6M | ||
| Q4 25 | $323.2M | $496.4M | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | $496.2M | ||
| Q1 25 | $321.9M | $995.1M | ||
| Q4 24 | $321.4M | $994.7M | ||
| Q3 24 | $212.0M | $994.3M |
股东权益ALHCSWKS
| Q2 26 | — | $5.8B | ||
| Q1 26 | $206.9M | $5.8B | ||
| Q4 25 | $179.3M | $5.8B | ||
| Q3 25 | $161.9M | — | ||
| Q2 25 | $141.0M | $5.7B | ||
| Q1 25 | $108.1M | $5.9B | ||
| Q4 24 | $99.9M | $6.4B | ||
| Q3 24 | $114.5M | $6.3B |
总资产ALHCSWKS
| Q2 26 | — | $7.9B | ||
| Q1 26 | $1.3B | $7.9B | ||
| Q4 25 | $1.1B | $7.9B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | $7.7B | ||
| Q1 25 | $895.6M | $7.9B | ||
| Q4 24 | $782.1M | $8.3B | ||
| Q3 24 | $692.3M | $8.3B |
负债/权益比ALHCSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.80× | 0.09× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | 0.09× | ||
| Q1 25 | 2.98× | 0.17× | ||
| Q4 24 | 3.22× | 0.16× | ||
| Q3 24 | 1.85× | 0.16× |
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 | $50.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | 8.7% |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流ALHCSWKS
| Q2 26 | — | $50.3M | ||
| Q1 26 | $128.7M | $395.5M | ||
| Q4 25 | $-50.4M | $200.0M | ||
| Q3 25 | $144.6M | — | ||
| Q2 25 | $29.1M | $314.2M | ||
| Q1 25 | $16.6M | $409.4M | ||
| Q4 24 | $-8.7M | $377.2M | ||
| Q3 24 | $26.2M | $476.1M |
自由现金流ALHCSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | $339.0M | ||
| Q4 25 | $-55.4M | $144.0M | ||
| Q3 25 | $139.1M | — | ||
| Q2 25 | $21.1M | $252.7M | ||
| Q1 25 | $8.4M | $370.9M | ||
| Q4 24 | $-18.0M | $338.2M | ||
| Q3 24 | $16.9M | $393.3M |
自由现金流率ALHCSWKS
| Q2 26 | — | — | ||
| Q1 26 | — | 32.7% | ||
| Q4 25 | -5.5% | 13.1% | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 2.1% | 26.2% | ||
| Q1 25 | 0.9% | 38.9% | ||
| Q4 24 | -2.6% | 31.7% | ||
| Q3 24 | 2.4% | 38.4% |
资本支出强度ALHCSWKS
| Q2 26 | — | 8.7% | ||
| Q1 26 | — | 5.5% | ||
| Q4 25 | 0.5% | 5.1% | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | 6.4% | ||
| Q1 25 | 0.9% | 4.0% | ||
| Q4 24 | 1.3% | 3.6% | ||
| Q3 24 | 1.3% | 8.1% |
现金转化率ALHCSWKS
| Q2 26 | — | 1.41× | ||
| Q1 26 | 11.27× | 4.99× | ||
| Q4 25 | — | 1.41× | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | 2.99× | ||
| Q1 25 | — | 5.96× | ||
| Q4 24 | — | 2.33× | ||
| Q3 24 | — | 7.87× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
