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Alight, Inc.（ALIT）与万事达卡（MA）财务数据对比。点击上方公司名可切换其他公司
万事达卡的季度营收约是Alight, Inc.的13.5倍（$8.8B vs $653.0M）。万事达卡净利率更高（46.1% vs -142.7%，领先188.8%）。万事达卡同比增速更快（17.6% vs -4.0%）。万事达卡自由现金流更多（$4.9B vs $99.0M）。过去两年万事达卡的营收复合增速更高（17.8% vs 8.1%）
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。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
ALIT vs MA — 直观对比
营收规模更大
MA
是对方的13.5倍
$653.0M
营收增速更快
MA
高出21.6%
-4.0%
净利率更高
MA
高出188.8%
-142.7%
自由现金流更多
MA
多$4.8B
$99.0M
两年增速更快
MA
近两年复合增速
8.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $653.0M | $8.8B |
| 净利润 | $-932.0M | $4.1B |
| 毛利率 | 36.8% | — |
| 营业利润率 | -114.9% | 55.8% |
| 净利率 | -142.7% | 46.1% |
| 营收同比 | -4.0% | 17.6% |
| 净利润同比 | -11750.0% | 21.5% |
| 每股收益（稀释后） | $-1.77 | $4.52 |
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ALITMA
| Q4 25 | $653.0M | $8.8B | ||
| Q3 25 | $533.0M | $8.6B | ||
| Q2 25 | $528.0M | $8.1B | ||
| Q1 25 | $548.0M | $7.3B | ||
| Q4 24 | $680.0M | $7.5B | ||
| Q3 24 | $555.0M | $7.4B | ||
| Q2 24 | $538.0M | $7.0B | ||
| Q1 24 | $559.0M | $6.3B |
净利润ALITMA
| Q4 25 | $-932.0M | $4.1B | ||
| Q3 25 | $-1.1B | $3.9B | ||
| Q2 25 | $-1.1B | $3.7B | ||
| Q1 25 | $-25.0M | $3.3B | ||
| Q4 24 | $8.0M | $3.3B | ||
| Q3 24 | $-74.0M | $3.3B | ||
| Q2 24 | $23.0M | $3.3B | ||
| Q1 24 | $-114.0M | $3.0B |
毛利率ALITMA
| 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ALITMA
| Q4 25 | -114.9% | 55.8% | ||
| Q3 25 | -248.0% | 58.8% | ||
| Q2 25 | -191.3% | 58.7% | ||
| Q1 25 | -1.5% | 57.2% | ||
| Q4 24 | 6.5% | 52.6% | ||
| Q3 24 | -7.6% | 54.3% | ||
| Q2 24 | -9.7% | 58.0% | ||
| Q1 24 | -7.2% | 56.8% |
净利率ALITMA
| Q4 25 | -142.7% | 46.1% | ||
| Q3 25 | -200.2% | 45.7% | ||
| Q2 25 | -203.2% | 45.5% | ||
| Q1 25 | -4.6% | 45.2% | ||
| Q4 24 | 1.2% | 44.6% | ||
| Q3 24 | -13.3% | 44.3% | ||
| Q2 24 | 4.3% | 46.8% | ||
| Q1 24 | -20.4% | 47.4% |
每股收益（稀释后）ALITMA
| Q4 25 | $-1.77 | $4.52 | ||
| Q3 25 | $-2.02 | $4.34 | ||
| Q2 25 | $-2.03 | $4.07 | ||
| Q1 25 | $-0.05 | $3.59 | ||
| Q4 24 | $0.02 | $3.64 | ||
| Q3 24 | $-0.14 | $3.53 | ||
| Q2 24 | $0.04 | $3.50 | ||
| Q1 24 | $-0.21 | $3.22 |
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 | $10.6B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $1.0B | $7.7B |
| 总资产 | $4.6B | $54.2B |
| 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ALITMA
| Q4 25 | $273.0M | $10.6B | ||
| Q3 25 | $205.0M | $10.3B | ||
| Q2 25 | $227.0M | $9.0B | ||
| Q1 25 | $223.0M | $7.6B | ||
| Q4 24 | $343.0M | $8.4B | ||
| Q3 24 | $300.0M | $11.1B | ||
| Q2 24 | $183.0M | $7.0B | ||
| Q1 24 | $256.0M | $7.3B |
总债务ALITMA
| 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ALITMA
| Q4 25 | $1.0B | $7.7B | ||
| Q3 25 | $2.0B | $7.9B | ||
| Q2 25 | $3.1B | $7.9B | ||
| Q1 25 | $4.2B | $6.7B | ||
| Q4 24 | $4.3B | $6.5B | ||
| Q3 24 | $4.3B | $7.4B | ||
| Q2 24 | $4.5B | $7.4B | ||
| Q1 24 | $4.5B | $7.2B |
总资产ALITMA
| Q4 25 | $4.6B | $54.2B | ||
| Q3 25 | $5.5B | $53.3B | ||
| Q2 25 | $6.8B | $51.4B | ||
| Q1 25 | $7.9B | $48.5B | ||
| Q4 24 | $8.2B | $48.1B | ||
| Q3 24 | $8.3B | $47.2B | ||
| Q2 24 | $10.5B | $42.3B | ||
| Q1 24 | $10.7B | $42.6B |
负债/权益比ALITMA
| 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 | $5.0B |
| 自由现金流经营现金流 - 资本支出 | $99.0M | $4.9B |
| 自由现金流率自由现金流/营收 | 15.2% | 55.5% |
| 资本支出强度资本支出/营收 | 3.8% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.23× |
| 过去12个月自由现金流最近4个季度 | $250.0M | $17.2B |
8季度趋势，按日历期对齐
经营现金流ALITMA
| Q4 25 | $124.0M | $5.0B | ||
| Q3 25 | $77.0M | $5.7B | ||
| Q2 25 | $86.0M | $4.6B | ||
| Q1 25 | $73.0M | $2.4B | ||
| Q4 24 | $118.0M | $4.8B | ||
| Q3 24 | $-24.0M | $5.1B | ||
| Q2 24 | $58.0M | $3.1B | ||
| Q1 24 | $100.0M | $1.7B |
自由现金流ALITMA
| Q4 25 | $99.0M | $4.9B | ||
| Q3 25 | $49.0M | $5.5B | ||
| Q2 25 | $58.0M | $4.6B | ||
| Q1 25 | $44.0M | $2.2B | ||
| Q4 24 | $92.0M | $4.7B | ||
| Q3 24 | $-52.0M | $5.0B | ||
| Q2 24 | $22.0M | $3.0B | ||
| Q1 24 | $69.0M | $1.5B |
自由现金流率ALITMA
| Q4 25 | 15.2% | 55.5% | ||
| Q3 25 | 9.2% | 63.8% | ||
| Q2 25 | 11.0% | 56.1% | ||
| Q1 25 | 8.0% | 30.6% | ||
| Q4 24 | 13.5% | 63.3% | ||
| Q3 24 | -9.4% | 68.2% | ||
| Q2 24 | 4.1% | 43.4% | ||
| Q1 24 | 12.3% | 23.9% |
资本支出强度ALITMA
| Q4 25 | 3.8% | 1.3% | ||
| Q3 25 | 5.3% | 2.1% | ||
| Q2 25 | 5.3% | 0.5% | ||
| Q1 25 | 5.3% | 2.2% | ||
| Q4 24 | 3.8% | 1.3% | ||
| Q3 24 | 5.0% | 1.5% | ||
| Q2 24 | 6.7% | 1.7% | ||
| Q1 24 | 5.5% | 2.5% |
现金转化率ALITMA
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | 14.75× | 1.45× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 2.52× | 0.96× | ||
| Q1 24 | — | 0.56× |
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% |
MA
| Payment Network | $4.9B | 56% |
| Value Added Services And Solutions | $3.9B | 44% |
