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Alight, Inc.（ALIT）与American Well Corp（AMWL）财务数据对比。点击上方公司名可切换其他公司
Alight, Inc.的季度营收约是American Well Corp的11.8倍（$653.0M vs $55.3M）。American Well Corp净利率更高（-45.1% vs -142.7%，领先97.7%）。Alight, Inc.同比增速更快（-4.0% vs -22.1%）。Alight, Inc.自由现金流更多（$99.0M vs $-17.4M）。过去两年Alight, Inc.的营收复合增速更高（8.1% vs -3.6%）
Alight公司是一家美国信息技术与咨询企业，专注于人力资源相关业务，主打基于云的系统服务、业务外包与咨询服务，为大型企业提供人力资本管理平台与外包方案，业务范围涵盖健康福利管理、财务管理以及退休规划等领域。
美国烟草公司由J.B.杜克于1890年整合多家美国烟草制造商合并创立，1896年成为道琼斯工业平均指数最初的12支成分股之一。该公司收购了好彩公司及超过200家竞争对手，一度垄断美国烟草行业。1907年美国联邦政府发起反垄断诉讼，最终将该公司分拆为多家企业。
ALIT vs AMWL — 直观对比
营收规模更大
ALIT
是对方的11.8倍
$55.3M
营收增速更快
ALIT
高出18.1%
-22.1%
净利率更高
AMWL
高出97.7%
-142.7%
自由现金流更多
ALIT
多$116.4M
$-17.4M
两年增速更快
ALIT
近两年复合增速
-3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $653.0M | $55.3M |
| 净利润 | $-932.0M | $-24.9M |
| 毛利率 | 36.8% | — |
| 营业利润率 | -114.9% | -45.5% |
| 净利率 | -142.7% | -45.1% |
| 营收同比 | -4.0% | -22.1% |
| 净利润同比 | -11750.0% | 41.6% |
| 每股收益（稀释后） | $-1.77 | $-1.53 |
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ALITAMWL
| Q4 25 | $653.0M | $55.3M | ||
| Q3 25 | $533.0M | $56.3M | ||
| Q2 25 | $528.0M | $70.9M | ||
| Q1 25 | $548.0M | $66.8M | ||
| Q4 24 | $680.0M | $71.0M | ||
| Q3 24 | $555.0M | $61.0M | ||
| Q2 24 | $538.0M | $62.8M | ||
| Q1 24 | $559.0M | $59.5M |
净利润ALITAMWL
| Q4 25 | $-932.0M | $-24.9M | ||
| Q3 25 | $-1.1B | $-32.4M | ||
| Q2 25 | $-1.1B | $-19.7M | ||
| Q1 25 | $-25.0M | $-18.7M | ||
| Q4 24 | $8.0M | $-42.7M | ||
| Q3 24 | $-74.0M | $-43.5M | ||
| Q2 24 | $23.0M | $-49.9M | ||
| Q1 24 | $-114.0M | $-72.1M |
毛利率ALITAMWL
| Q4 25 | 36.8% | — | ||
| Q3 25 | 33.4% | — | ||
| Q2 25 | 33.3% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 39.9% | — | ||
| Q3 24 | 31.4% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 32.6% | — |
营业利润率ALITAMWL
| Q4 25 | -114.9% | -45.5% | ||
| Q3 25 | -248.0% | -52.1% | ||
| Q2 25 | -191.3% | -28.7% | ||
| Q1 25 | -1.5% | -45.5% | ||
| Q4 24 | 6.5% | -60.2% | ||
| Q3 24 | -7.6% | -77.6% | ||
| Q2 24 | -9.7% | -83.4% | ||
| Q1 24 | -7.2% | -126.1% |
净利率ALITAMWL
| Q4 25 | -142.7% | -45.1% | ||
| Q3 25 | -200.2% | -57.5% | ||
| Q2 25 | -203.2% | -27.8% | ||
| Q1 25 | -4.6% | -28.0% | ||
| Q4 24 | 1.2% | -60.1% | ||
| Q3 24 | -13.3% | -71.2% | ||
| Q2 24 | 4.3% | -79.5% | ||
| Q1 24 | -20.4% | -121.1% |
每股收益（稀释后）ALITAMWL
| Q4 25 | $-1.77 | $-1.53 | ||
| Q3 25 | $-2.02 | $-2.00 | ||
| Q2 25 | $-2.03 | $-1.24 | ||
| Q1 25 | $-0.05 | $-1.19 | ||
| Q4 24 | $0.02 | $-2.71 | ||
| Q3 24 | $-0.14 | $-2.87 | ||
| Q2 24 | $0.04 | $-3.36 | ||
| Q1 24 | $-0.21 | $-4.94 |
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 | $273.0M | $182.3M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $1.0B | $235.6M |
| 总资产 | $4.6B | $323.8M |
| 负债/权益比越低杠杆越低 | 1.92× | — |
8季度趋势，按日历期对齐
现金及短期投资ALITAMWL
| Q4 25 | $273.0M | $182.3M | ||
| Q3 25 | $205.0M | $200.9M | ||
| Q2 25 | $227.0M | $219.1M | ||
| Q1 25 | $223.0M | $222.4M | ||
| Q4 24 | $343.0M | $228.3M | ||
| Q3 24 | $300.0M | $244.6M | ||
| Q2 24 | $183.0M | $276.9M | ||
| Q1 24 | $256.0M | $308.6M |
总债务ALITAMWL
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
股东权益ALITAMWL
| Q4 25 | $1.0B | $235.6M | ||
| Q3 25 | $2.0B | $254.9M | ||
| Q2 25 | $3.1B | $282.6M | ||
| Q1 25 | $4.2B | $294.0M | ||
| Q4 24 | $4.3B | $304.8M | ||
| Q3 24 | $4.3B | $336.7M | ||
| Q2 24 | $4.5B | $363.9M | ||
| Q1 24 | $4.5B | $408.7M |
总资产ALITAMWL
| Q4 25 | $4.6B | $323.8M | ||
| Q3 25 | $5.5B | $359.4M | ||
| Q2 25 | $6.8B | $388.7M | ||
| Q1 25 | $7.9B | $419.5M | ||
| Q4 24 | $8.2B | $436.0M | ||
| Q3 24 | $8.3B | $483.0M | ||
| Q2 24 | $10.5B | $507.8M | ||
| Q1 24 | $10.7B | $548.4M |
负债/权益比ALITAMWL
| Q4 25 | 1.92× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.62× | — |
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 | $124.0M | $-17.4M |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $-17.4M |
| 自由现金流率自由现金流/营收 | 15.2% | -31.4% |
| 资本支出强度资本支出/营收 | 3.8% | 0.0% |
| 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 | $250.0M | — |
8季度趋势，按日历期对齐
经营现金流ALITAMWL
| Q4 25 | $124.0M | $-17.4M | ||
| Q3 25 | $77.0M | $-18.8M | ||
| Q2 25 | $86.0M | $-4.7M | ||
| Q1 25 | $73.0M | $-25.1M | ||
| Q4 24 | $118.0M | $-13.4M | ||
| Q3 24 | $-24.0M | $-32.4M | ||
| Q2 24 | $58.0M | $-21.8M | ||
| Q1 24 | $100.0M | $-59.8M |
自由现金流ALITAMWL
| Q4 25 | $99.0M | $-17.4M | ||
| Q3 25 | $49.0M | — | ||
| Q2 25 | $58.0M | — | ||
| Q1 25 | $44.0M | $-25.1M | ||
| Q4 24 | $92.0M | $-13.4M | ||
| Q3 24 | $-52.0M | $-32.4M | ||
| Q2 24 | $22.0M | $-21.8M | ||
| Q1 24 | $69.0M | $-59.8M |
自由现金流率ALITAMWL
| Q4 25 | 15.2% | -31.4% | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 8.0% | -37.6% | ||
| Q4 24 | 13.5% | -18.9% | ||
| Q3 24 | -9.4% | -53.0% | ||
| Q2 24 | 4.1% | -34.7% | ||
| Q1 24 | 12.3% | -100.5% |
资本支出强度ALITAMWL
| Q4 25 | 3.8% | 0.0% | ||
| Q3 25 | 5.3% | 0.0% | ||
| Q2 25 | 5.3% | 0.0% | ||
| Q1 25 | 5.3% | 0.0% | ||
| Q4 24 | 3.8% | 0.0% | ||
| Q3 24 | 5.0% | 0.0% | ||
| Q2 24 | 6.7% | 0.0% | ||
| Q1 24 | 5.5% | 0.1% |
现金转化率ALITAMWL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 14.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.52× | — | ||
| 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
ALIT
| Recurring | $607.0M | 93% |
| Projects | $46.0M | 7% |
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
