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Alignment Healthcare, Inc.（ALHC）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.2倍（$1.0B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs -1.1%，领先29.8%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 35.8%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-55.4M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 26.9%）
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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
ALHC vs UI — 直观对比
营收规模更大
ALHC
是对方的1.2倍
$814.9M
营收增速更快
ALHC
高出8.6%
35.8%
净利率更高
UI
高出29.8%
-1.1%
自由现金流更多
UI
多$315.7M
$-55.4M
两年增速更快
UI
近两年复合增速
26.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $814.9M |
| 净利润 | $-11.0M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | -1.0% | 35.9% |
| 净利率 | -1.1% | 28.7% |
| 营收同比 | 44.4% | 35.8% |
| 净利润同比 | 64.6% | 70.8% |
| 每股收益（稀释后） | $-0.04 | $3.86 |
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ALHCUI
| Q4 25 | $1.0B | $814.9M | ||
| Q3 25 | $993.7M | $733.8M | ||
| Q2 25 | $1.0B | $759.2M | ||
| Q1 25 | $926.9M | $664.2M | ||
| Q4 24 | $701.2M | $599.9M | ||
| Q3 24 | $692.4M | $550.3M | ||
| Q2 24 | $681.3M | $507.5M | ||
| Q1 24 | $628.6M | $493.0M |
净利润ALHCUI
| Q4 25 | $-11.0M | $233.6M | ||
| Q3 25 | $3.7M | $207.9M | ||
| Q2 25 | $15.7M | $266.7M | ||
| Q1 25 | $-9.1M | $180.4M | ||
| Q4 24 | $-31.1M | $136.8M | ||
| Q3 24 | $-26.4M | $128.0M | ||
| Q2 24 | $-24.0M | $103.8M | ||
| Q1 24 | $-46.5M | $76.3M |
毛利率ALHCUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率ALHCUI
| Q4 25 | -1.0% | 35.9% | ||
| Q3 25 | 0.8% | 35.7% | ||
| Q2 25 | 2.2% | 34.4% | ||
| Q1 25 | -0.6% | 34.2% | ||
| Q4 24 | -3.2% | 29.8% | ||
| Q3 24 | -2.8% | 30.7% | ||
| Q2 24 | -2.7% | 27.3% | ||
| Q1 24 | -6.5% | 22.6% |
净利率ALHCUI
| Q4 25 | -1.1% | 28.7% | ||
| Q3 25 | 0.4% | 28.3% | ||
| Q2 25 | 1.5% | 35.1% | ||
| Q1 25 | -1.0% | 27.2% | ||
| Q4 24 | -4.4% | 22.8% | ||
| Q3 24 | -3.8% | 23.3% | ||
| Q2 24 | -3.5% | 20.5% | ||
| Q1 24 | -7.4% | 15.5% |
每股收益（稀释后）ALHCUI
| Q4 25 | $-0.04 | $3.86 | ||
| Q3 25 | $0.02 | $3.43 | ||
| Q2 25 | $0.07 | $4.40 | ||
| Q1 25 | $-0.05 | $2.98 | ||
| Q4 24 | $-0.15 | $2.26 | ||
| Q3 24 | $-0.14 | $2.12 | ||
| Q2 24 | $-0.13 | $1.72 | ||
| Q1 24 | $-0.25 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $323.2M | $47.5M |
| 股东权益账面价值 | $179.3M | $1.0B |
| 总资产 | $1.1B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.80× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ALHCUI
| Q4 25 | $604.2M | $302.8M | ||
| Q3 25 | $644.1M | $177.2M | ||
| Q2 25 | $503.8M | $149.7M | ||
| Q1 25 | $479.5M | $151.0M | ||
| Q4 24 | $470.6M | $133.1M | ||
| Q3 24 | $381.0M | $165.2M | ||
| Q2 24 | $363.7M | $126.3M | ||
| Q1 24 | $301.7M | $102.5M |
总债务ALHCUI
| Q4 25 | $323.2M | $47.5M | ||
| Q3 25 | $322.7M | $133.8M | ||
| Q2 25 | $322.3M | $250.0M | ||
| Q1 25 | $321.9M | $340.0M | ||
| Q4 24 | $321.4M | $406.3M | ||
| Q3 24 | $212.0M | $552.5M | ||
| Q2 24 | $211.7M | $708.1M | ||
| Q1 24 | $162.0M | $877.5M |
股东权益ALHCUI
| Q4 25 | $179.3M | $1.0B | ||
| Q3 25 | $161.9M | $828.4M | ||
| Q2 25 | $141.0M | $668.3M | ||
| Q1 25 | $108.1M | $436.1M | ||
| Q4 24 | $99.9M | $290.4M | ||
| Q3 24 | $114.5M | $188.1M | ||
| Q2 24 | $123.7M | $95.1M | ||
| Q1 24 | $130.9M | $25.9M |
总资产ALHCUI
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.1B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $895.6M | $1.3B | ||
| Q4 24 | $782.1M | $1.2B | ||
| Q3 24 | $692.3M | $1.2B | ||
| Q2 24 | $716.3M | $1.2B | ||
| Q1 24 | $633.2M | $1.2B |
负债/权益比ALHCUI
| Q4 25 | 1.80× | 0.05× | ||
| Q3 25 | 1.99× | 0.16× | ||
| Q2 25 | 2.29× | 0.37× | ||
| Q1 25 | 2.98× | 0.78× | ||
| Q4 24 | 3.22× | 1.40× | ||
| Q3 24 | 1.85× | 2.94× | ||
| Q2 24 | 1.71× | 7.45× | ||
| Q1 24 | 1.24× | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $260.3M |
| 自由现金流率自由现金流/营收 | -5.5% | 31.9% |
| 资本支出强度资本支出/营收 | 0.5% | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $699.5M |
8季度趋势，按日历期对齐
经营现金流ALHCUI
| Q4 25 | $-50.4M | $263.9M | ||
| Q3 25 | $144.6M | $198.5M | ||
| Q2 25 | $29.1M | $130.4M | ||
| Q1 25 | $16.6M | $123.6M | ||
| Q4 24 | $-8.7M | $152.4M | ||
| Q3 24 | $26.2M | $233.7M | ||
| Q2 24 | $23.5M | $231.4M | ||
| Q1 24 | $-6.2M | $163.9M |
自由现金流ALHCUI
| Q4 25 | $-55.4M | $260.3M | ||
| Q3 25 | $139.1M | $193.3M | ||
| Q2 25 | $21.1M | $125.2M | ||
| Q1 25 | $8.4M | $120.7M | ||
| Q4 24 | $-18.0M | $150.4M | ||
| Q3 24 | $16.9M | $231.1M | ||
| Q2 24 | $11.8M | $229.5M | ||
| Q1 24 | $-17.4M | $160.6M |
自由现金流率ALHCUI
| Q4 25 | -5.5% | 31.9% | ||
| Q3 25 | 14.0% | 26.3% | ||
| Q2 25 | 2.1% | 16.5% | ||
| Q1 25 | 0.9% | 18.2% | ||
| Q4 24 | -2.6% | 25.1% | ||
| Q3 24 | 2.4% | 42.0% | ||
| Q2 24 | 1.7% | 45.2% | ||
| Q1 24 | -2.8% | 32.6% |
资本支出强度ALHCUI
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 0.8% | 0.7% | ||
| Q1 25 | 0.9% | 0.4% | ||
| Q4 24 | 1.3% | 0.3% | ||
| Q3 24 | 1.3% | 0.5% | ||
| Q2 24 | 1.7% | 0.4% | ||
| Q1 24 | 1.8% | 0.7% |
现金转化率ALHCUI
| Q4 25 | — | 1.13× | ||
| Q3 25 | 38.77× | 0.95× | ||
| Q2 25 | 1.86× | 0.49× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | — | 1.83× | ||
| Q2 24 | — | 2.23× | ||
| Q1 24 | — | 2.15× |
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
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
