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Alignment Healthcare, Inc.（ALHC）与TIC Solutions, Inc.（TIC）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TIC Solutions, Inc.的2.0倍（$1.0B vs $508.3M），Alignment Healthcare, Inc.净利率更高（-1.1% vs -9.3%，领先8.2%），TIC Solutions, Inc.自由现金流更多（$37.1M vs $-55.4M）
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。
ALHC vs TIC — 直观对比
营收规模更大
ALHC
是对方的2.0倍
$508.3M
净利率更高
ALHC
高出8.2%
-9.3%
自由现金流更多
TIC
多$92.5M
$-55.4M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $508.3M |
| 净利润 | $-11.0M | $-47.2M |
| 毛利率 | — | 35.2% |
| 营业利润率 | -1.0% | -3.8% |
| 净利率 | -1.1% | -9.3% |
| 营收同比 | 44.4% | — |
| 净利润同比 | 64.6% | — |
| 每股收益（稀释后） | $-0.04 | — |
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ALHCTIC
| Q4 25 | $1.0B | $508.3M | ||
| Q3 25 | $993.7M | $473.9M | ||
| Q2 25 | $1.0B | $313.9M | ||
| Q1 25 | $926.9M | $234.2M | ||
| Q4 24 | $701.2M | — | ||
| Q3 24 | $692.4M | — | ||
| Q2 24 | $681.3M | — | ||
| Q1 24 | $628.6M | — |
净利润ALHCTIC
| Q4 25 | $-11.0M | $-47.2M | ||
| Q3 25 | $3.7M | $-13.9M | ||
| Q2 25 | $15.7M | $-233.0K | ||
| Q1 25 | $-9.1M | $-25.8M | ||
| Q4 24 | $-31.1M | — | ||
| Q3 24 | $-26.4M | — | ||
| Q2 24 | $-24.0M | — | ||
| Q1 24 | $-46.5M | — |
毛利率ALHCTIC
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率ALHCTIC
| Q4 25 | -1.0% | -3.8% | ||
| Q3 25 | 0.8% | -1.4% | ||
| Q2 25 | 2.2% | 5.8% | ||
| Q1 25 | -0.6% | -4.0% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.8% | — | ||
| Q2 24 | -2.7% | — | ||
| Q1 24 | -6.5% | — |
净利率ALHCTIC
| Q4 25 | -1.1% | -9.3% | ||
| Q3 25 | 0.4% | -2.9% | ||
| Q2 25 | 1.5% | -0.1% | ||
| Q1 25 | -1.0% | -11.0% | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | -3.8% | — | ||
| Q2 24 | -3.5% | — | ||
| Q1 24 | -7.4% | — |
每股收益（稀释后）ALHCTIC
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.02 | $-0.08 | ||
| Q2 25 | $0.07 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $-0.13 | — | ||
| Q1 24 | $-0.25 | — |
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 | $439.5M |
| 总债务越低越好 | $323.2M | $1.6B |
| 股东权益账面价值 | $179.3M | $2.2B |
| 总资产 | $1.1B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资ALHCTIC
| Q4 25 | $604.2M | $439.5M | ||
| Q3 25 | $644.1M | $164.4M | ||
| Q2 25 | $503.8M | $130.1M | ||
| Q1 25 | $479.5M | $155.7M | ||
| Q4 24 | $470.6M | — | ||
| Q3 24 | $381.0M | — | ||
| Q2 24 | $363.7M | — | ||
| Q1 24 | $301.7M | — |
总债务ALHCTIC
| Q4 25 | $323.2M | $1.6B | ||
| Q3 25 | $322.7M | $1.6B | ||
| Q2 25 | $322.3M | $751.3M | ||
| Q1 25 | $321.9M | $752.4M | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — | ||
| Q1 24 | $162.0M | — |
股东权益ALHCTIC
| Q4 25 | $179.3M | $2.2B | ||
| Q3 25 | $161.9M | $2.0B | ||
| Q2 25 | $141.0M | $1.2B | ||
| Q1 25 | $108.1M | $1.1B | ||
| Q4 24 | $99.9M | — | ||
| Q3 24 | $114.5M | — | ||
| Q2 24 | $123.7M | — | ||
| Q1 24 | $130.9M | — |
总资产ALHCTIC
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.1B | $4.2B | ||
| Q2 25 | $1.0B | $2.2B | ||
| Q1 25 | $895.6M | $2.2B | ||
| Q4 24 | $782.1M | — | ||
| Q3 24 | $692.3M | — | ||
| Q2 24 | $716.3M | — | ||
| Q1 24 | $633.2M | — |
负债/权益比ALHCTIC
| Q4 25 | 1.80× | 0.74× | ||
| Q3 25 | 1.99× | 0.83× | ||
| Q2 25 | 2.29× | 0.64× | ||
| Q1 25 | 2.98× | 0.67× | ||
| 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 | $49.7M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $37.1M |
| 自由现金流率自由现金流/营收 | -5.5% | 7.3% |
| 资本支出强度资本支出/营收 | 0.5% | 2.5% |
| 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 | $61.3M |
8季度趋势，按日历期对齐
经营现金流ALHCTIC
| Q4 25 | $-50.4M | $49.7M | ||
| Q3 25 | $144.6M | $19.0M | ||
| Q2 25 | $29.1M | $-6.5M | ||
| Q1 25 | $16.6M | $32.8M | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $26.2M | — | ||
| Q2 24 | $23.5M | — | ||
| Q1 24 | $-6.2M | — |
自由现金流ALHCTIC
| Q4 25 | $-55.4M | $37.1M | ||
| Q3 25 | $139.1M | $10.3M | ||
| Q2 25 | $21.1M | $-14.5M | ||
| Q1 25 | $8.4M | $28.3M | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $11.8M | — | ||
| Q1 24 | $-17.4M | — |
自由现金流率ALHCTIC
| Q4 25 | -5.5% | 7.3% | ||
| Q3 25 | 14.0% | 2.2% | ||
| Q2 25 | 2.1% | -4.6% | ||
| Q1 25 | 0.9% | 12.1% | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | -2.8% | — |
资本支出强度ALHCTIC
| Q4 25 | 0.5% | 2.5% | ||
| Q3 25 | 0.6% | 1.8% | ||
| Q2 25 | 0.8% | 2.6% | ||
| Q1 25 | 0.9% | 1.9% | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 1.8% | — |
现金转化率ALHCTIC
| 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
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
