vs
AMC Networks Inc.（AMCX）与Astrana Health, Inc.（ASTH）财务数据对比。点击上方公司名可切换其他公司
Astrana Health, Inc.的季度营收约是AMC Networks Inc.的1.6倍（$950.5M vs $594.8M），Astrana Health, Inc.净利率更高（0.7% vs -9.3%，领先10.0%），Astrana Health, Inc.同比增速更快（42.9% vs -0.8%），AMC Networks Inc.自由现金流更多（$40.4M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs -0.1%）
AMC网络公司是总部位于纽约市的美国独立大众传媒娱乐集团，旗下拥有AMC、BBC美国台、IFC、圣丹斯电视、We TV等多个有线频道，还经营纽约IFC中心艺术影院、独立电影公司、动漫版权发行商，以及AMC+、Acorn TV等多个付费订阅流媒体服务。
Astrana Health是一家总部位于美国的价值导向型医疗服务提供商，主要服务全美符合联邦医保资格的老年群体，提供上门初级护理、慢性病管理及护理协调服务，致力于提升患者健康水平、降低不必要的医疗支出。
AMCX vs ASTH — 直观对比
营收规模更大
ASTH
是对方的1.6倍
$594.8M
营收增速更快
ASTH
高出43.6%
-0.8%
净利率更高
ASTH
高出10.0%
-9.3%
自由现金流更多
AMCX
多$46.4M
$-6.0M
两年增速更快
ASTH
近两年复合增速
-0.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $594.8M | $950.5M |
| 净利润 | $-55.5M | $6.6M |
| 毛利率 | 49.7% | — |
| 营业利润率 | -8.6% | 1.9% |
| 净利率 | -9.3% | 0.7% |
| 营收同比 | -0.8% | 42.9% |
| 净利润同比 | 80.5% | 184.4% |
| 每股收益（稀释后） | $-0.97 | $0.12 |
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AMCXASTH
| Q4 25 | $594.8M | $950.5M | ||
| Q3 25 | $561.7M | $956.0M | ||
| Q2 25 | $600.0M | $654.8M | ||
| Q1 25 | $555.2M | $620.4M | ||
| Q4 24 | $599.3M | $665.2M | ||
| Q3 24 | $599.6M | $478.7M | ||
| Q2 24 | $625.9M | $486.3M | ||
| Q1 24 | $596.5M | $404.4M |
净利润AMCXASTH
| Q4 25 | $-55.5M | $6.6M | ||
| Q3 25 | $76.5M | $373.0K | ||
| Q2 25 | $50.3M | $9.4M | ||
| Q1 25 | $18.0M | $6.7M | ||
| Q4 24 | $-284.5M | $-7.8M | ||
| Q3 24 | $41.4M | $16.1M | ||
| Q2 24 | $-29.2M | $19.2M | ||
| Q1 24 | $45.8M | $14.8M |
毛利率AMCXASTH
| Q4 25 | 49.7% | — | ||
| Q3 25 | 48.2% | — | ||
| Q2 25 | 52.7% | — | ||
| Q1 25 | 51.8% | — | ||
| Q4 24 | 51.2% | — | ||
| Q3 24 | 52.0% | — | ||
| Q2 24 | 55.2% | — | ||
| Q1 24 | 54.5% | — |
营业利润率AMCXASTH
| Q4 25 | -8.6% | 1.9% | ||
| Q3 25 | 9.9% | 2.0% | ||
| Q2 25 | 10.7% | 3.1% | ||
| Q1 25 | 11.6% | 3.3% | ||
| Q4 24 | -42.4% | 0.1% | ||
| Q3 24 | 15.6% | 5.9% | ||
| Q2 24 | 1.7% | 6.2% | ||
| Q1 24 | 18.5% | 7.5% |
净利率AMCXASTH
| Q4 25 | -9.3% | 0.7% | ||
| Q3 25 | 13.6% | 0.0% | ||
| Q2 25 | 8.4% | 1.4% | ||
| Q1 25 | 3.3% | 1.1% | ||
| Q4 24 | -47.5% | -1.2% | ||
| Q3 24 | 6.9% | 3.4% | ||
| Q2 24 | -4.7% | 3.9% | ||
| Q1 24 | 7.7% | 3.7% |
每股收益（稀释后）AMCXASTH
| Q4 25 | $-0.97 | $0.12 | ||
| Q3 25 | $1.38 | $0.01 | ||
| Q2 25 | $0.91 | $0.19 | ||
| Q1 25 | $0.34 | $0.14 | ||
| Q4 24 | $-6.23 | $-0.14 | ||
| Q3 24 | $0.76 | $0.33 | ||
| Q2 24 | $-0.66 | $0.40 | ||
| Q1 24 | $1.03 | $0.31 |
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 | $502.4M | $429.5M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $981.9M | $779.3M |
| 总资产 | $3.9B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.78× | — |
8季度趋势，按日历期对齐
现金及短期投资AMCXASTH
| Q4 25 | $502.4M | $429.5M | ||
| Q3 25 | $716.8M | $463.4M | ||
| Q2 25 | $866.4M | $342.1M | ||
| Q1 25 | $870.2M | $260.9M | ||
| Q4 24 | $784.6M | $290.8M | ||
| Q3 24 | $816.4M | $350.3M | ||
| Q2 24 | $802.6M | $327.7M | ||
| Q1 24 | $690.5M | $337.3M |
总债务AMCXASTH
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.3B | — |
股东权益AMCXASTH
| Q4 25 | $981.9M | $779.3M | ||
| Q3 25 | $1.1B | $775.5M | ||
| Q2 25 | $971.7M | $765.5M | ||
| Q1 25 | $888.8M | $745.4M | ||
| Q4 24 | $855.6M | $712.7M | ||
| Q3 24 | $1.1B | $704.6M | ||
| Q2 24 | $1.1B | $678.9M | ||
| Q1 24 | $1.1B | $653.5M |
总资产AMCXASTH
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $4.2B | $2.2B | ||
| Q2 25 | $4.4B | $1.4B | ||
| Q1 25 | $4.3B | $1.3B | ||
| Q4 24 | $4.4B | $1.4B | ||
| Q3 24 | $4.8B | $1.3B | ||
| Q2 24 | $4.9B | $1.3B | ||
| Q1 24 | $4.9B | $1.2B |
负债/权益比AMCXASTH
| Q4 25 | 1.78× | — | ||
| Q3 25 | 1.82× | — | ||
| Q2 25 | 2.27× | — | ||
| Q1 25 | 2.62× | — | ||
| Q4 24 | 2.73× | — | ||
| Q3 24 | 2.10× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 2.17× | — |
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 | $49.2M | $-2.9M |
| 自由现金流经营现金流 - 资本支出 | $40.4M | $-6.0M |
| 自由现金流率自由现金流/营收 | 6.8% | -0.6% |
| 资本支出强度资本支出/营收 | 1.5% | 0.3% |
| 现金转化率经营现金流/净利润 | — | -0.44× |
| 过去12个月自由现金流最近4个季度 | $272.4M | $104.5M |
8季度趋势，按日历期对齐
经营现金流AMCXASTH
| Q4 25 | $49.2M | $-2.9M | ||
| Q3 25 | $44.8M | $10.0M | ||
| Q2 25 | $102.8M | $90.9M | ||
| Q1 25 | $108.8M | $16.6M | ||
| Q4 24 | $58.1M | $-10.9M | ||
| Q3 24 | $62.2M | $34.0M | ||
| Q2 24 | $104.4M | $23.2M | ||
| Q1 24 | $150.9M | $6.0M |
自由现金流AMCXASTH
| Q4 25 | $40.4M | $-6.0M | ||
| Q3 25 | $42.0M | $7.4M | ||
| Q2 25 | $95.7M | $89.5M | ||
| Q1 25 | $94.2M | $13.6M | ||
| Q4 24 | $37.6M | $-13.5M | ||
| Q3 24 | $53.9M | $31.7M | ||
| Q2 24 | $95.2M | $20.4M | ||
| Q1 24 | $144.1M | $5.6M |
自由现金流率AMCXASTH
| Q4 25 | 6.8% | -0.6% | ||
| Q3 25 | 7.5% | 0.8% | ||
| Q2 25 | 16.0% | 13.7% | ||
| Q1 25 | 17.0% | 2.2% | ||
| Q4 24 | 6.3% | -2.0% | ||
| Q3 24 | 9.0% | 6.6% | ||
| Q2 24 | 15.2% | 4.2% | ||
| Q1 24 | 24.2% | 1.4% |
资本支出强度AMCXASTH
| Q4 25 | 1.5% | 0.3% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 2.6% | 0.5% | ||
| Q4 24 | 3.4% | 0.4% | ||
| Q3 24 | 1.4% | 0.5% | ||
| Q2 24 | 1.5% | 0.6% | ||
| Q1 24 | 1.1% | 0.1% |
现金转化率AMCXASTH
| Q4 25 | — | -0.44× | ||
| Q3 25 | 0.59× | 26.69× | ||
| Q2 25 | 2.04× | 9.65× | ||
| Q1 25 | 6.03× | 2.48× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.50× | 2.11× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | 3.29× | 0.40× |
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
AMCX
| Subscription And Circulation | $314.8M | 53% |
| Advertising | $124.9M | 21% |
| Other | $79.1M | 13% |
| License | $74.8M | 13% |
| Related Party | $1.2M | 0% |
ASTH
| Medicare | $542.4M | 57% |
| Commercial | $99.1M | 10% |
| Care Delivery | $92.1M | 10% |
| Care Enablement | $78.9M | 8% |
| Other Third Parties | $58.0M | 6% |
| Health Care Patient Service | $39.8M | 4% |
| Health Care Other | $25.5M | 3% |
| Other | $12.1M | 1% |
| Management Service | $10.3M | 1% |
