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American Well Corp（AMWL）与阿里巴巴集团控股有限公司（BABA）财务数据对比。点击上方公司名可切换其他公司
阿里巴巴集团控股有限公司的季度营收约是American Well Corp的700.9倍（$38.8B vs $55.3M）。阿里巴巴集团控股有限公司净利率更高（5.8% vs -45.1%，领先50.8%）
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。
阿里巴巴集团控股有限公司是1999年6月28日于浙江杭州创立的中国跨国科技企业，核心业务覆盖电商、零售、互联网及科技领域，运营面向中国及全球市场的C2C、B2C、B2B交易平台，同时提供本地生活服务、数字媒体娱乐、物流、云计算等多元服务，服务全球海量消费者与企业客户。
AMWL vs BABA — 直观对比
营收规模更大
BABA
是对方的700.9倍
$55.3M
净利率更高
BABA
高出50.8%
-45.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $55.3M | $38.8B |
| 净利润 | $-24.9M | $2.2B |
| 毛利率 | — | 40.2% |
| 营业利润率 | -45.5% | 6.6% |
| 净利率 | -45.1% | 5.8% |
| 营收同比 | -22.1% | — |
| 净利润同比 | 41.6% | — |
| 每股收益（稀释后） | $-1.53 | $6.64 |
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AMWLBABA
| Q4 25 | $55.3M | $38.8B | ||
| Q3 25 | $56.3M | $34.2B | ||
| Q2 25 | $70.9M | $32.6B | ||
| Q1 25 | $66.8M | — | ||
| Q4 24 | $71.0M | $38.7B | ||
| Q3 24 | $61.0M | — | ||
| Q2 24 | $62.8M | — | ||
| Q1 24 | $59.5M | — |
净利润AMWLBABA
| Q4 25 | $-24.9M | $2.2B | ||
| Q3 25 | $-32.4M | $2.9B | ||
| Q2 25 | $-19.7M | $1.7B | ||
| Q1 25 | $-18.7M | — | ||
| Q4 24 | $-42.7M | $6.8B | ||
| Q3 24 | $-43.5M | — | ||
| Q2 24 | $-49.9M | — | ||
| Q1 24 | $-72.1M | — |
毛利率AMWLBABA
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 39.2% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 42.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率AMWLBABA
| Q4 25 | -45.5% | 6.6% | ||
| Q3 25 | -52.1% | 2.2% | ||
| Q2 25 | -28.7% | 12.0% | ||
| Q1 25 | -45.5% | — | ||
| Q4 24 | -60.2% | 14.7% | ||
| Q3 24 | -77.6% | — | ||
| Q2 24 | -83.4% | — | ||
| Q1 24 | -126.1% | — |
净利率AMWLBABA
| Q4 25 | -45.1% | 5.8% | ||
| Q3 25 | -57.5% | 8.5% | ||
| Q2 25 | -27.8% | 5.3% | ||
| Q1 25 | -28.0% | — | ||
| Q4 24 | -60.1% | 17.5% | ||
| Q3 24 | -71.2% | — | ||
| Q2 24 | -79.5% | — | ||
| Q1 24 | -121.1% | — |
每股收益（稀释后）AMWLBABA
| Q4 25 | $-1.53 | $6.64 | ||
| Q3 25 | $-2.00 | $8.72 | ||
| Q2 25 | $-1.24 | $5.20 | ||
| Q1 25 | $-1.19 | — | ||
| Q4 24 | $-2.71 | $20.40 | ||
| Q3 24 | $-2.87 | — | ||
| Q2 24 | $-3.36 | — | ||
| Q1 24 | $-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 | $182.3M | $18.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $235.6M | $148.7B |
| 总资产 | $323.8M | $268.6B |
| 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AMWLBABA
| Q4 25 | $182.3M | $18.3B | ||
| Q3 25 | $200.9M | $19.0B | ||
| Q2 25 | $219.1M | $20.0B | ||
| Q1 25 | $222.4M | — | ||
| Q4 24 | $228.3M | $22.3B | ||
| Q3 24 | $244.6M | — | ||
| Q2 24 | $276.9M | — | ||
| Q1 24 | $308.6M | — |
股东权益AMWLBABA
| Q4 25 | $235.6M | $148.7B | ||
| Q3 25 | $254.9M | $145.0B | ||
| Q2 25 | $282.6M | $139.2B | ||
| Q1 25 | $294.0M | — | ||
| Q4 24 | $304.8M | $137.2B | ||
| Q3 24 | $336.7M | — | ||
| Q2 24 | $363.9M | — | ||
| Q1 24 | $408.7M | — |
总资产AMWLBABA
| Q4 25 | $323.8M | $268.6B | ||
| Q3 25 | $359.4M | $264.6B | ||
| Q2 25 | $388.7M | $248.6B | ||
| Q1 25 | $419.5M | — | ||
| Q4 24 | $436.0M | $254.1B | ||
| Q3 24 | $483.0M | — | ||
| Q2 24 | $507.8M | — | ||
| Q1 24 | $548.4M | — |
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 | $-17.4M | $5.2B |
| 自由现金流经营现金流 - 资本支出 | $-17.4M | — |
| 自由现金流率自由现金流/营收 | -31.4% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | 2.31× |
| 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AMWLBABA
| Q4 25 | $-17.4M | $5.2B | ||
| Q3 25 | $-18.8M | $1.4B | ||
| Q2 25 | $-4.7M | $3.8B | ||
| Q1 25 | $-25.1M | — | ||
| Q4 24 | $-13.4M | $9.7B | ||
| Q3 24 | $-32.4M | — | ||
| Q2 24 | $-21.8M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流AMWLBABA
| Q4 25 | $-17.4M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-25.1M | — | ||
| Q4 24 | $-13.4M | — | ||
| Q3 24 | $-32.4M | — | ||
| Q2 24 | $-21.8M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流率AMWLBABA
| Q4 25 | -31.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -37.6% | — | ||
| Q4 24 | -18.9% | — | ||
| Q3 24 | -53.0% | — | ||
| Q2 24 | -34.7% | — | ||
| Q1 24 | -100.5% | — |
资本支出强度AMWLBABA
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
现金转化率AMWLBABA
| Q4 25 | — | 2.31× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 2.19× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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
AMWL
| Platform Subscription | $28.8M | 52% |
| Visits | $23.7M | 43% |
| Others | $2.8M | 5% |
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
