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Astrana Health, Inc.（ASTH）与BOYD GAMING CORP（BYD）财务数据对比。点击上方公司名可切换其他公司
BOYD GAMING CORP的季度营收约是Astrana Health, Inc.的1.0倍（$997.4M vs $950.5M），BOYD GAMING CORP净利率更高（10.5% vs 0.7%，领先9.8%），Astrana Health, Inc.同比增速更快（42.9% vs 0.6%），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 1.5%）
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。
博伊德博彩集团是总部位于美国内华达州帕拉代斯的知名博彩及酒店服务运营商，核心业务涵盖赌场运营、休闲度假配套服务等板块，为全球游客提供优质的综合娱乐体验。
ASTH vs BYD — 直观对比
营收规模更大
BYD
是对方的1.0倍
$950.5M
营收增速更快
ASTH
高出42.3%
0.6%
净利率更高
BYD
高出9.8%
0.7%
两年增速更快
ASTH
近两年复合增速
1.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $997.4M |
| 净利润 | $6.6M | $104.3M |
| 毛利率 | — | — |
| 营业利润率 | 1.9% | 16.4% |
| 净利率 | 0.7% | 10.5% |
| 营收同比 | 42.9% | 0.6% |
| 净利润同比 | 184.4% | -5.9% |
| 每股收益（稀释后） | $0.12 | $1.37 |
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ASTHBYD
| Q1 26 | — | $997.4M | ||
| Q4 25 | $950.5M | $1.1B | ||
| Q3 25 | $956.0M | $1.0B | ||
| Q2 25 | $654.8M | $1.0B | ||
| Q1 25 | $620.4M | $991.6M | ||
| Q4 24 | $665.2M | $1.0B | ||
| Q3 24 | $478.7M | $961.2M | ||
| Q2 24 | $486.3M | $967.5M |
净利润ASTHBYD
| Q1 26 | — | $104.3M | ||
| Q4 25 | $6.6M | $140.4M | ||
| Q3 25 | $373.0K | $1.4B | ||
| Q2 25 | $9.4M | $151.5M | ||
| Q1 25 | $6.7M | $111.4M | ||
| Q4 24 | $-7.8M | $170.5M | ||
| Q3 24 | $16.1M | $131.1M | ||
| Q2 24 | $19.2M | $139.8M |
营业利润率ASTHBYD
| Q1 26 | — | 16.4% | ||
| Q4 25 | 1.9% | 15.7% | ||
| Q3 25 | 2.0% | 13.9% | ||
| Q2 25 | 3.1% | 23.4% | ||
| Q1 25 | 3.3% | 20.2% | ||
| Q4 24 | 0.1% | 25.1% | ||
| Q3 24 | 5.9% | 22.9% | ||
| Q2 24 | 6.2% | 23.5% |
净利率ASTHBYD
| Q1 26 | — | 10.5% | ||
| Q4 25 | 0.7% | 13.2% | ||
| Q3 25 | 0.0% | 143.4% | ||
| Q2 25 | 1.4% | 14.6% | ||
| Q1 25 | 1.1% | 11.2% | ||
| Q4 24 | -1.2% | 16.4% | ||
| Q3 24 | 3.4% | 13.6% | ||
| Q2 24 | 3.9% | 14.5% |
每股收益（稀释后）ASTHBYD
| Q1 26 | — | $1.37 | ||
| Q4 25 | $0.12 | $1.60 | ||
| Q3 25 | $0.01 | $17.81 | ||
| Q2 25 | $0.19 | $1.84 | ||
| Q1 25 | $0.14 | $1.31 | ||
| Q4 24 | $-0.14 | $1.89 | ||
| Q3 24 | $0.33 | $1.43 | ||
| Q2 24 | $0.40 | $1.47 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $779.3M | — |
| 总资产 | $2.2B | — |
| 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ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | $429.5M | $353.4M | ||
| Q3 25 | $463.4M | $319.1M | ||
| Q2 25 | $342.1M | $320.1M | ||
| Q1 25 | $260.9M | $311.5M | ||
| Q4 24 | $290.8M | $316.7M | ||
| Q3 24 | $350.3M | $286.3M | ||
| Q2 24 | $327.7M | $280.8M |
总债务ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B |
股东权益ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | $779.3M | $2.6B | ||
| Q3 25 | $775.5M | $2.7B | ||
| Q2 25 | $765.5M | $1.4B | ||
| Q1 25 | $745.4M | $1.3B | ||
| Q4 24 | $712.7M | $1.6B | ||
| Q3 24 | $704.6M | $1.6B | ||
| Q2 24 | $678.9M | $1.7B |
总资产ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $6.6B | ||
| Q3 25 | $2.2B | $6.5B | ||
| Q2 25 | $1.4B | $6.6B | ||
| Q1 25 | $1.3B | $6.5B | ||
| Q4 24 | $1.4B | $6.4B | ||
| Q3 24 | $1.3B | $6.3B | ||
| Q2 24 | $1.3B | $6.3B |
负债/权益比ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.56× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | 1.88× | ||
| Q2 24 | — | 1.73× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | — |
| 自由现金流率自由现金流/营收 | -0.6% | — |
| 资本支出强度资本支出/营收 | 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 | $104.5M | — |
8季度趋势，按日历期对齐
经营现金流ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | $-2.9M | $275.3M | ||
| Q3 25 | $10.0M | $240.0M | ||
| Q2 25 | $90.9M | $205.0M | ||
| Q1 25 | $16.6M | $256.4M | ||
| Q4 24 | $-10.9M | $262.1M | ||
| Q3 24 | $34.0M | $231.2M | ||
| Q2 24 | $23.2M | $213.1M |
自由现金流ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | $-6.0M | $127.0M | ||
| Q3 25 | $7.4M | $94.4M | ||
| Q2 25 | $89.5M | $80.6M | ||
| Q1 25 | $13.6M | $86.5M | ||
| Q4 24 | $-13.5M | $150.9M | ||
| Q3 24 | $31.7M | $146.0M | ||
| Q2 24 | $20.4M | $98.7M |
自由现金流率ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | 12.0% | ||
| Q3 25 | 0.8% | 9.4% | ||
| Q2 25 | 13.7% | 7.8% | ||
| Q1 25 | 2.2% | 8.7% | ||
| Q4 24 | -2.0% | 14.5% | ||
| Q3 24 | 6.6% | 15.2% | ||
| Q2 24 | 4.2% | 10.2% |
资本支出强度ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 14.0% | ||
| Q3 25 | 0.3% | 14.5% | ||
| Q2 25 | 0.2% | 12.0% | ||
| Q1 25 | 0.5% | 17.1% | ||
| Q4 24 | 0.4% | 10.7% | ||
| Q3 24 | 0.5% | 8.9% | ||
| Q2 24 | 0.6% | 11.8% |
现金转化率ASTHBYD
| Q1 26 | — | — | ||
| Q4 25 | -0.44× | 1.96× | ||
| Q3 25 | 26.69× | 0.17× | ||
| Q2 25 | 9.65× | 1.35× | ||
| Q1 25 | 2.48× | 2.30× | ||
| Q4 24 | — | 1.54× | ||
| Q3 24 | 2.11× | 1.76× | ||
| Q2 24 | 1.21× | 1.52× |
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% |
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
