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Astrana Health, Inc.（ASTH）与Brookdale Senior Living Inc.（BKD）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Brookdale Senior Living Inc.的1.3倍（$950.5M vs $754.1M），Astrana Health, Inc.净利率更高（0.7% vs -5.3%，领先6.0%），Astrana Health, Inc.同比增速更快（42.9% vs -3.4%），Astrana Health, Inc.自由现金流更多（$-6.0M vs $-29.1M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs -1.9%）
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。
布鲁克代尔老年生活公司成立于1978年，总部位于美国田纳西州布伦特伍德，是美国规模最大的老年住宅运营商，业务覆盖全美各地的养老社区，目前服务超过6万名入住老年人。
ASTH vs BKD — 直观对比
营收规模更大
ASTH
是对方的1.3倍
$754.1M
营收增速更快
ASTH
高出46.3%
-3.4%
净利率更高
ASTH
高出6.0%
-5.3%
自由现金流更多
ASTH
多$23.2M
$-29.1M
两年增速更快
ASTH
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $754.1M |
| 净利润 | $6.6M | $-40.0M |
| 毛利率 | — | 24.9% |
| 营业利润率 | 1.9% | 3.0% |
| 净利率 | 0.7% | -5.3% |
| 营收同比 | 42.9% | -3.4% |
| 净利润同比 | 184.4% | 52.4% |
| 每股收益（稀释后） | $0.12 | $-0.18 |
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ASTHBKD
| Q4 25 | $950.5M | $754.1M | ||
| Q3 25 | $956.0M | $813.2M | ||
| Q2 25 | $654.8M | $812.9M | ||
| Q1 25 | $620.4M | $813.9M | ||
| Q4 24 | $665.2M | $780.9M | ||
| Q3 24 | $478.7M | $784.2M | ||
| Q2 24 | $486.3M | $777.5M | ||
| Q1 24 | $404.4M | $782.8M |
净利润ASTHBKD
| Q4 25 | $6.6M | $-40.0M | ||
| Q3 25 | $373.0K | $-114.7M | ||
| Q2 25 | $9.4M | $-43.0M | ||
| Q1 25 | $6.7M | $-65.0M | ||
| Q4 24 | $-7.8M | $-83.9M | ||
| Q3 24 | $16.1M | $-50.7M | ||
| Q2 24 | $19.2M | $-37.7M | ||
| Q1 24 | $14.8M | $-29.6M |
毛利率ASTHBKD
| Q4 25 | — | 24.9% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 26.6% | ||
| Q1 25 | — | 27.4% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 25.3% | ||
| Q2 24 | — | 26.3% | ||
| Q1 24 | — | 26.1% |
营业利润率ASTHBKD
| Q4 25 | 1.9% | 3.0% | ||
| Q3 25 | 2.0% | -6.6% | ||
| Q2 25 | 3.1% | 1.8% | ||
| Q1 25 | 3.3% | 3.6% | ||
| Q4 24 | 0.1% | -0.3% | ||
| Q3 24 | 5.9% | 1.3% | ||
| Q2 24 | 6.2% | 2.5% | ||
| Q1 24 | 7.5% | 2.5% |
净利率ASTHBKD
| Q4 25 | 0.7% | -5.3% | ||
| Q3 25 | 0.0% | -14.1% | ||
| Q2 25 | 1.4% | -5.3% | ||
| Q1 25 | 1.1% | -8.0% | ||
| Q4 24 | -1.2% | -10.7% | ||
| Q3 24 | 3.4% | -6.5% | ||
| Q2 24 | 3.9% | -4.9% | ||
| Q1 24 | 3.7% | -3.8% |
每股收益（稀释后）ASTHBKD
| Q4 25 | $0.12 | $-0.18 | ||
| Q3 25 | $0.01 | $-0.48 | ||
| Q2 25 | $0.19 | $-0.18 | ||
| Q1 25 | $0.14 | $-0.28 | ||
| Q4 24 | $-0.14 | $-0.37 | ||
| Q3 24 | $0.33 | $-0.22 | ||
| Q2 24 | $0.40 | $-0.17 | ||
| Q1 24 | $0.31 | $-0.13 |
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 | $429.5M | $279.1M |
| 总债务越低越好 | — | $4.3B |
| 股东权益账面价值 | $779.3M | $-44.8M |
| 总资产 | $2.2B | $6.0B |
| 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ASTHBKD
| Q4 25 | $429.5M | $279.1M | ||
| Q3 25 | $463.4M | $253.4M | ||
| Q2 25 | $342.1M | $251.9M | ||
| Q1 25 | $260.9M | $239.7M | ||
| Q4 24 | $290.8M | $328.8M | ||
| Q3 24 | $350.3M | $284.4M | ||
| Q2 24 | $327.7M | $309.7M | ||
| Q1 24 | $337.3M | $318.5M |
总债务ASTHBKD
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.3B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.7B | ||
| Q1 24 | — | $3.8B |
股东权益ASTHBKD
| Q4 25 | $779.3M | $-44.8M | ||
| Q3 25 | $775.5M | $-6.7M | ||
| Q2 25 | $765.5M | $105.4M | ||
| Q1 25 | $745.4M | $146.7M | ||
| Q4 24 | $712.7M | $212.5M | ||
| Q3 24 | $704.6M | $292.9M | ||
| Q2 24 | $678.9M | $340.2M | ||
| Q1 24 | $653.5M | $374.0M |
总资产ASTHBKD
| Q4 25 | $2.2B | $6.0B | ||
| Q3 25 | $2.2B | $6.0B | ||
| Q2 25 | $1.4B | $6.1B | ||
| Q1 25 | $1.3B | $6.2B | ||
| Q4 24 | $1.4B | $6.3B | ||
| Q3 24 | $1.3B | $5.9B | ||
| Q2 24 | $1.3B | $5.5B | ||
| Q1 24 | $1.2B | $5.5B |
负债/权益比ASTHBKD
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 40.72× | ||
| Q1 25 | — | 29.39× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | — | 12.65× | ||
| Q2 24 | — | 10.99× | ||
| Q1 24 | — | 10.05× |
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 | $-2.9M | $34.5M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $-29.1M |
| 自由现金流率自由现金流/营收 | -0.6% | -3.9% |
| 资本支出强度资本支出/营收 | 0.3% | 8.4% |
| 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 | $104.5M | $16.5M |
8季度趋势，按日历期对齐
经营现金流ASTHBKD
| Q4 25 | $-2.9M | $34.5M | ||
| Q3 25 | $10.0M | $76.5M | ||
| Q2 25 | $90.9M | $83.6M | ||
| Q1 25 | $16.6M | $23.4M | ||
| Q4 24 | $-10.9M | $45.2M | ||
| Q3 24 | $34.0M | $66.5M | ||
| Q2 24 | $23.2M | $55.7M | ||
| Q1 24 | $6.0M | $-1.1M |
自由现金流ASTHBKD
| Q4 25 | $-6.0M | $-29.1M | ||
| Q3 25 | $7.4M | $34.9M | ||
| Q2 25 | $89.5M | $29.1M | ||
| Q1 25 | $13.6M | $-18.4M | ||
| Q4 24 | $-13.5M | $-5.1M | ||
| Q3 24 | $31.7M | $11.5M | ||
| Q2 24 | $20.4M | $4.1M | ||
| Q1 24 | $5.6M | $-45.5M |
自由现金流率ASTHBKD
| Q4 25 | -0.6% | -3.9% | ||
| Q3 25 | 0.8% | 4.3% | ||
| Q2 25 | 13.7% | 3.6% | ||
| Q1 25 | 2.2% | -2.3% | ||
| Q4 24 | -2.0% | -0.7% | ||
| Q3 24 | 6.6% | 1.5% | ||
| Q2 24 | 4.2% | 0.5% | ||
| Q1 24 | 1.4% | -5.8% |
资本支出强度ASTHBKD
| Q4 25 | 0.3% | 8.4% | ||
| Q3 25 | 0.3% | 5.1% | ||
| Q2 25 | 0.2% | 6.7% | ||
| Q1 25 | 0.5% | 5.1% | ||
| Q4 24 | 0.4% | 6.4% | ||
| Q3 24 | 0.5% | 7.0% | ||
| Q2 24 | 0.6% | 6.6% | ||
| Q1 24 | 0.1% | 5.7% |
现金转化率ASTHBKD
| Q4 25 | -0.44× | — | ||
| Q3 25 | 26.69× | — | ||
| Q2 25 | 9.65× | — | ||
| Q1 25 | 2.48× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 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
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% |
BKD
| Assisted Living And Memory Care | $506.7M | 67% |
| Independent Living | $121.6M | 16% |
| Ccrcs Rental | $86.3M | 11% |
| Reimbursement Costs Managed Communities | $36.7M | 5% |
| Management Service | $2.9M | 0% |
