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Alignment Healthcare, Inc.（ALHC）与Williams-Sonoma, Inc.（WSM）财务数据对比。点击上方公司名可切换其他公司
Williams-Sonoma, Inc.的季度营收约是Alignment Healthcare, Inc.的1.9倍（$1.9B vs $1.0B），Williams-Sonoma, Inc.净利率更高（12.8% vs -1.1%，领先13.9%），Alignment Healthcare, Inc.同比增速更快（44.4% vs 4.6%），Williams-Sonoma, Inc.自由现金流更多（$248.1M vs $-55.4M），过去两年Alignment Healthcare, Inc.的营收复合增速更高（26.9% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
ALHC vs WSM — 直观对比
营收规模更大
WSM
是对方的1.9倍
$1.0B
营收增速更快
ALHC
高出39.9%
4.6%
净利率更高
WSM
高出13.9%
-1.1%
自由现金流更多
WSM
多$303.5M
$-55.4M
两年增速更快
ALHC
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.9B |
| 净利润 | $-11.0M | $241.6M |
| 毛利率 | — | 46.1% |
| 营业利润率 | -1.0% | 17.0% |
| 净利率 | -1.1% | 12.8% |
| 营收同比 | 44.4% | 4.6% |
| 净利润同比 | 64.6% | -3.0% |
| 每股收益（稀释后） | $-0.04 | $1.96 |
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ALHCWSM
| Q4 25 | $1.0B | $1.9B | ||
| Q3 25 | $993.7M | $1.8B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $926.9M | $2.5B | ||
| Q4 24 | $701.2M | $1.8B | ||
| Q3 24 | $692.4M | $1.8B | ||
| Q2 24 | $681.3M | $1.7B | ||
| Q1 24 | $628.6M | $2.3B |
净利润ALHCWSM
| Q4 25 | $-11.0M | $241.6M | ||
| Q3 25 | $3.7M | $247.6M | ||
| Q2 25 | $15.7M | $231.3M | ||
| Q1 25 | $-9.1M | $384.9M | ||
| Q4 24 | $-31.1M | $249.0M | ||
| Q3 24 | $-26.4M | $225.7M | ||
| Q2 24 | $-24.0M | $265.7M | ||
| Q1 24 | $-46.5M | $354.4M |
毛利率ALHCWSM
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 46.2% | ||
| Q2 24 | — | 48.3% | ||
| Q1 24 | — | 46.0% |
营业利润率ALHCWSM
| Q4 25 | -1.0% | 17.0% | ||
| Q3 25 | 0.8% | 17.9% | ||
| Q2 25 | 2.2% | 16.8% | ||
| Q1 25 | -0.6% | 20.1% | ||
| Q4 24 | -3.2% | 17.8% | ||
| Q3 24 | -2.8% | 16.2% | ||
| Q2 24 | -2.7% | 19.5% | ||
| Q1 24 | -6.5% | 20.1% |
净利率ALHCWSM
| Q4 25 | -1.1% | 12.8% | ||
| Q3 25 | 0.4% | 13.5% | ||
| Q2 25 | 1.5% | 13.4% | ||
| Q1 25 | -1.0% | 15.6% | ||
| Q4 24 | -4.4% | 13.8% | ||
| Q3 24 | -3.8% | 12.6% | ||
| Q2 24 | -3.5% | 16.0% | ||
| Q1 24 | -7.4% | 15.6% |
每股收益（稀释后）ALHCWSM
| Q4 25 | $-0.04 | $1.96 | ||
| Q3 25 | $0.02 | $2.00 | ||
| Q2 25 | $0.07 | $1.85 | ||
| Q1 25 | $-0.05 | $1.02 | ||
| Q4 24 | $-0.15 | $1.96 | ||
| Q3 24 | $-0.14 | $1.74 | ||
| Q2 24 | $-0.13 | $4.07 | ||
| Q1 24 | $-0.25 | $5.42 |
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 | $884.7M |
| 总债务越低越好 | $323.2M | — |
| 股东权益账面价值 | $179.3M | $2.1B |
| 总资产 | $1.1B | $5.3B |
| 负债/权益比越低杠杆越低 | 1.80× | — |
8季度趋势，按日历期对齐
现金及短期投资ALHCWSM
| Q4 25 | $604.2M | $884.7M | ||
| Q3 25 | $644.1M | $985.8M | ||
| Q2 25 | $503.8M | $1.0B | ||
| Q1 25 | $479.5M | $1.2B | ||
| Q4 24 | $470.6M | $826.8M | ||
| Q3 24 | $381.0M | $1.3B | ||
| Q2 24 | $363.7M | $1.3B | ||
| Q1 24 | $301.7M | $1.3B |
总债务ALHCWSM
| 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 | — | ||
| Q1 24 | $162.0M | — |
股东权益ALHCWSM
| Q4 25 | $179.3M | $2.1B | ||
| Q3 25 | $161.9M | $2.1B | ||
| Q2 25 | $141.0M | $2.2B | ||
| Q1 25 | $108.1M | $2.1B | ||
| Q4 24 | $99.9M | $1.9B | ||
| Q3 24 | $114.5M | $2.3B | ||
| Q2 24 | $123.7M | $2.2B | ||
| Q1 24 | $130.9M | $2.1B |
总资产ALHCWSM
| Q4 25 | $1.1B | $5.3B | ||
| Q3 25 | $1.1B | $5.2B | ||
| Q2 25 | $1.0B | $5.2B | ||
| Q1 25 | $895.6M | $5.3B | ||
| Q4 24 | $782.1M | $5.0B | ||
| Q3 24 | $692.3M | $5.2B | ||
| Q2 24 | $716.3M | $5.2B | ||
| Q1 24 | $633.2M | $5.3B |
负债/权益比ALHCWSM
| 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× | — | ||
| 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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $-55.4M | $248.1M |
| 自由现金流率自由现金流/营收 | -5.5% | 13.2% |
| 资本支出强度资本支出/营收 | 0.5% | 3.6% |
| 现金转化率经营现金流/净利润 | — | 1.31× |
| 过去12个月自由现金流最近4个季度 | $113.1M | $1.1B |
8季度趋势，按日历期对齐
经营现金流ALHCWSM
| Q4 25 | $-50.4M | $316.3M | ||
| Q3 25 | $144.6M | $282.7M | ||
| Q2 25 | $29.1M | $118.9M | ||
| Q1 25 | $16.6M | $633.5M | ||
| Q4 24 | $-8.7M | $253.5M | ||
| Q3 24 | $26.2M | $246.5M | ||
| Q2 24 | $23.5M | $226.8M | ||
| Q1 24 | $-6.2M | $674.9M |
自由现金流ALHCWSM
| Q4 25 | $-55.4M | $248.1M | ||
| Q3 25 | $139.1M | $230.7M | ||
| Q2 25 | $21.1M | $60.7M | ||
| Q1 25 | $8.4M | $566.3M | ||
| Q4 24 | $-18.0M | $170.1M | ||
| Q3 24 | $16.9M | $215.1M | ||
| Q2 24 | $11.8M | $187.3M | ||
| Q1 24 | $-17.4M | $621.2M |
自由现金流率ALHCWSM
| Q4 25 | -5.5% | 13.2% | ||
| Q3 25 | 14.0% | 12.6% | ||
| Q2 25 | 2.1% | 3.5% | ||
| Q1 25 | 0.9% | 23.0% | ||
| Q4 24 | -2.6% | 9.4% | ||
| Q3 24 | 2.4% | 12.0% | ||
| Q2 24 | 1.7% | 11.3% | ||
| Q1 24 | -2.8% | 27.3% |
资本支出强度ALHCWSM
| Q4 25 | 0.5% | 3.6% | ||
| Q3 25 | 0.6% | 2.8% | ||
| Q2 25 | 0.8% | 3.4% | ||
| Q1 25 | 0.9% | 2.7% | ||
| Q4 24 | 1.3% | 4.6% | ||
| Q3 24 | 1.3% | 1.8% | ||
| Q2 24 | 1.7% | 2.4% | ||
| Q1 24 | 1.8% | 2.4% |
现金转化率ALHCWSM
| Q4 25 | — | 1.31× | ||
| Q3 25 | 38.77× | 1.14× | ||
| Q2 25 | 1.86× | 0.51× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 1.90× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
