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Astrana Health, Inc.（ASTH）与FirstCash Holdings, Inc.（FCFS）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FirstCash Holdings, Inc.的1.9倍（$950.5M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs 0.7%，领先20.1%），Astrana Health, Inc.同比增速更快（42.9% vs 21.2%），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 16.9%）
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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
ASTH vs FCFS — 直观对比
营收规模更大
ASTH
是对方的1.9倍
$501.3M
营收增速更快
ASTH
高出21.7%
21.2%
净利率更高
FCFS
高出20.1%
0.7%
两年增速更快
ASTH
近两年复合增速
16.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $501.3M |
| 净利润 | $6.6M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | 1.9% | 28.5% |
| 净利率 | 0.7% | 20.8% |
| 营收同比 | 42.9% | 21.2% |
| 净利润同比 | 184.4% | 24.7% |
| 每股收益（稀释后） | $0.12 | $2.35 |
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ASTHFCFS
| Q4 25 | $950.5M | $501.3M | ||
| Q3 25 | $956.0M | $411.0M | ||
| Q2 25 | $654.8M | $385.1M | ||
| Q1 25 | $620.4M | $371.1M | ||
| Q4 24 | $665.2M | $413.7M | ||
| Q3 24 | $478.7M | $363.1M | ||
| Q2 24 | $486.3M | $363.5M | ||
| Q1 24 | $404.4M | $366.8M |
净利润ASTHFCFS
| Q4 25 | $6.6M | $104.2M | ||
| Q3 25 | $373.0K | $82.8M | ||
| Q2 25 | $9.4M | $59.8M | ||
| Q1 25 | $6.7M | $83.6M | ||
| Q4 24 | $-7.8M | $83.5M | ||
| Q3 24 | $16.1M | $64.8M | ||
| Q2 24 | $19.2M | $49.1M | ||
| Q1 24 | $14.8M | $61.4M |
营业利润率ASTHFCFS
| Q4 25 | 1.9% | 28.5% | ||
| Q3 25 | 2.0% | 27.4% | ||
| Q2 25 | 3.1% | 21.1% | ||
| Q1 25 | 3.3% | 30.0% | ||
| Q4 24 | 0.1% | 26.5% | ||
| Q3 24 | 5.9% | 23.5% | ||
| Q2 24 | 6.2% | 18.2% | ||
| Q1 24 | 7.5% | 22.3% |
净利率ASTHFCFS
| Q4 25 | 0.7% | 20.8% | ||
| Q3 25 | 0.0% | 20.1% | ||
| Q2 25 | 1.4% | 15.5% | ||
| Q1 25 | 1.1% | 22.5% | ||
| Q4 24 | -1.2% | 20.2% | ||
| Q3 24 | 3.4% | 17.9% | ||
| Q2 24 | 3.9% | 13.5% | ||
| Q1 24 | 3.7% | 16.7% |
每股收益（稀释后）ASTHFCFS
| Q4 25 | $0.12 | $2.35 | ||
| Q3 25 | $0.01 | $1.86 | ||
| Q2 25 | $0.19 | $1.34 | ||
| Q1 25 | $0.14 | $1.87 | ||
| Q4 24 | $-0.14 | $1.86 | ||
| Q3 24 | $0.33 | $1.44 | ||
| Q2 24 | $0.40 | $1.08 | ||
| Q1 24 | $0.31 | $1.35 |
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 | $125.2M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $779.3M | $2.3B |
| 总资产 | $2.2B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资ASTHFCFS
| Q4 25 | $429.5M | $125.2M | ||
| Q3 25 | $463.4M | $130.2M | ||
| Q2 25 | $342.1M | $101.5M | ||
| Q1 25 | $260.9M | $146.0M | ||
| Q4 24 | $290.8M | $175.1M | ||
| Q3 24 | $350.3M | $106.3M | ||
| Q2 24 | $327.7M | $113.7M | ||
| Q1 24 | $337.3M | $135.1M |
总债务ASTHFCFS
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
股东权益ASTHFCFS
| Q4 25 | $779.3M | $2.3B | ||
| Q3 25 | $775.5M | $2.2B | ||
| Q2 25 | $765.5M | $2.1B | ||
| Q1 25 | $745.4M | $2.1B | ||
| Q4 24 | $712.7M | $2.1B | ||
| Q3 24 | $704.6M | $2.0B | ||
| Q2 24 | $678.9M | $2.0B | ||
| Q1 24 | $653.5M | $2.0B |
总资产ASTHFCFS
| Q4 25 | $2.2B | $5.3B | ||
| Q3 25 | $2.2B | $5.2B | ||
| Q2 25 | $1.4B | $4.5B | ||
| Q1 25 | $1.3B | $4.4B | ||
| Q4 24 | $1.4B | $4.5B | ||
| Q3 24 | $1.3B | $4.4B | ||
| Q2 24 | $1.3B | $4.3B | ||
| Q1 24 | $1.2B | $4.2B |
负债/权益比ASTHFCFS
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.75× |
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 | $206.6M |
| 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× | 1.98× |
| 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ASTHFCFS
| Q4 25 | $-2.9M | $206.6M | ||
| Q3 25 | $10.0M | $135.8M | ||
| Q2 25 | $90.9M | $116.9M | ||
| Q1 25 | $16.6M | $126.6M | ||
| Q4 24 | $-10.9M | $198.1M | ||
| Q3 24 | $34.0M | $113.1M | ||
| Q2 24 | $23.2M | $106.2M | ||
| Q1 24 | $6.0M | $122.5M |
自由现金流ASTHFCFS
| Q4 25 | $-6.0M | — | ||
| Q3 25 | $7.4M | — | ||
| Q2 25 | $89.5M | — | ||
| Q1 25 | $13.6M | — | ||
| Q4 24 | $-13.5M | — | ||
| Q3 24 | $31.7M | — | ||
| Q2 24 | $20.4M | — | ||
| Q1 24 | $5.6M | — |
自由现金流率ASTHFCFS
| Q4 25 | -0.6% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | -2.0% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 1.4% | — |
资本支出强度ASTHFCFS
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.1% | — |
现金转化率ASTHFCFS
| Q4 25 | -0.44× | 1.98× | ||
| Q3 25 | 26.69× | 1.64× | ||
| Q2 25 | 9.65× | 1.95× | ||
| Q1 25 | 2.48× | 1.51× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | 2.11× | 1.74× | ||
| Q2 24 | 1.21× | 2.16× | ||
| Q1 24 | 0.40× | 2.00× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
