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Alignment Healthcare, Inc.（ALHC）与VinFast Auto Ltd.（VFS）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VinFast Auto Ltd.的1.7倍（$1.2B vs $718.6M），Alignment Healthcare, Inc.净利率更高（0.9% vs -2.8%，领先3.7%）
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。
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
ALHC vs VFS — 直观对比
营收规模更大
ALHC
是对方的1.7倍
$718.6M
净利率更高
ALHC
高出3.7%
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $718.6M |
| 净利润 | $11.4M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | — | -96.1% |
| 净利率 | 0.9% | -2.8% |
| 营收同比 | -74.7% | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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ALHCVFS
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.0B | — | ||
| Q3 25 | $993.7M | $718.6M | ||
| Q2 25 | $1.0B | $663.0M | ||
| Q1 25 | $926.9M | $656.5M | ||
| Q4 24 | $701.2M | — | ||
| Q3 24 | $692.4M | $511.6M | ||
| Q2 24 | $681.3M | — |
净利润ALHCVFS
| Q1 26 | $11.4M | — | ||
| Q4 25 | $-11.0M | — | ||
| Q3 25 | $3.7M | $-20.0M | ||
| Q2 25 | $15.7M | $-51.8M | ||
| Q1 25 | $-9.1M | $-26.1M | ||
| Q4 24 | $-31.1M | — | ||
| Q3 24 | $-26.4M | $-10.4M | ||
| Q2 24 | $-24.0M | — |
营业利润率ALHCVFS
| Q1 26 | — | — | ||
| Q4 25 | -1.0% | — | ||
| Q3 25 | 0.8% | -96.1% | ||
| Q2 25 | 2.2% | -79.0% | ||
| Q1 25 | -0.6% | -74.0% | ||
| Q4 24 | -3.2% | — | ||
| Q3 24 | -2.8% | -65.9% | ||
| Q2 24 | -2.7% | — |
净利率ALHCVFS
| Q1 26 | 0.9% | — | ||
| Q4 25 | -1.1% | — | ||
| Q3 25 | 0.4% | -2.8% | ||
| Q2 25 | 1.5% | -7.8% | ||
| Q1 25 | -1.0% | -4.0% | ||
| Q4 24 | -4.4% | — | ||
| Q3 24 | -3.8% | -2.0% | ||
| Q2 24 | -3.5% | — |
每股收益（稀释后）ALHCVFS
| Q1 26 | — | — | ||
| Q4 25 | $-0.04 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.07 | — | ||
| Q1 25 | $-0.05 | — | ||
| Q4 24 | $-0.15 | — | ||
| Q3 24 | $-0.14 | — | ||
| Q2 24 | $-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 | $705.6M | $8.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $206.9M | — |
| 总资产 | $1.3B | $183.2M |
| 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ALHCVFS
| Q1 26 | $705.6M | — | ||
| Q4 25 | $604.2M | — | ||
| Q3 25 | $644.1M | $8.8M | ||
| Q2 25 | $503.8M | $650.0M | ||
| Q1 25 | $479.5M | $2.4M | ||
| Q4 24 | $470.6M | — | ||
| Q3 24 | $381.0M | $1.9M | ||
| Q2 24 | $363.7M | — |
总债务ALHCVFS
| Q1 26 | — | — | ||
| Q4 25 | $323.2M | — | ||
| Q3 25 | $322.7M | — | ||
| Q2 25 | $322.3M | — | ||
| Q1 25 | $321.9M | — | ||
| Q4 24 | $321.4M | — | ||
| Q3 24 | $212.0M | — | ||
| Q2 24 | $211.7M | — |
股东权益ALHCVFS
| Q1 26 | $206.9M | — | ||
| Q4 25 | $179.3M | — | ||
| Q3 25 | $161.9M | — | ||
| Q2 25 | $141.0M | $-7.2B | ||
| Q1 25 | $108.1M | — | ||
| Q4 24 | $99.9M | — | ||
| Q3 24 | $114.5M | — | ||
| Q2 24 | $123.7M | — |
总资产ALHCVFS
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $183.2M | ||
| Q2 25 | $1.0B | $7.2B | ||
| Q1 25 | $895.6M | $158.2M | ||
| Q4 24 | $782.1M | — | ||
| Q3 24 | $692.3M | $151.8M | ||
| Q2 24 | $716.3M | — |
负债/权益比ALHCVFS
| Q1 26 | — | — | ||
| Q4 25 | 1.80× | — | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 2.29× | — | ||
| Q1 25 | 2.98× | — | ||
| Q4 24 | 3.22× | — | ||
| 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 | — |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | 11.27× | — |
| 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ALHCVFS
| Q1 26 | $128.7M | — | ||
| Q4 25 | $-50.4M | — | ||
| Q3 25 | $144.6M | — | ||
| Q2 25 | $29.1M | — | ||
| Q1 25 | $16.6M | — | ||
| Q4 24 | $-8.7M | — | ||
| Q3 24 | $26.2M | — | ||
| Q2 24 | $23.5M | — |
自由现金流ALHCVFS
| Q1 26 | — | — | ||
| Q4 25 | $-55.4M | — | ||
| Q3 25 | $139.1M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $8.4M | — | ||
| Q4 24 | $-18.0M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $11.8M | — |
自由现金流率ALHCVFS
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | -2.6% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 1.7% | — |
资本支出强度ALHCVFS
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 1.7% | — |
现金转化率ALHCVFS
| Q1 26 | 11.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 38.77× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
