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Astrana Health, Inc.（ASTH）与FULLER H B CO（FUL）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FULLER H B CO的1.1倍（$950.5M vs $892.0M），FULLER H B CO净利率更高（7.5% vs 0.7%，领先6.8%），Astrana Health, Inc.同比增速更快（42.9% vs -2.8%），FULLER H B CO自由现金流更多（$68.9M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 5.0%）
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。
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
ASTH vs FUL — 直观对比
营收规模更大
ASTH
是对方的1.1倍
$892.0M
营收增速更快
ASTH
高出45.7%
-2.8%
净利率更高
FUL
高出6.8%
0.7%
自由现金流更多
FUL
多$74.9M
$-6.0M
两年增速更快
ASTH
近两年复合增速
5.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $892.0M |
| 净利润 | $6.6M | $67.2M |
| 毛利率 | — | 32.0% |
| 营业利润率 | 1.9% | 12.3% |
| 净利率 | 0.7% | 7.5% |
| 营收同比 | 42.9% | -2.8% |
| 净利润同比 | 184.4% | 21.3% |
| 每股收益（稀释后） | $0.12 | $1.22 |
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ASTHFUL
| Q4 25 | $950.5M | — | ||
| Q3 25 | $956.0M | $892.0M | ||
| Q2 25 | $654.8M | $898.1M | ||
| Q1 25 | $620.4M | — | ||
| Q4 24 | $665.2M | — | ||
| Q3 24 | $478.7M | $917.9M | ||
| Q2 24 | $486.3M | — | ||
| Q1 24 | $404.4M | $810.4M |
净利润ASTHFUL
| Q4 25 | $6.6M | — | ||
| Q3 25 | $373.0K | $67.2M | ||
| Q2 25 | $9.4M | $41.8M | ||
| Q1 25 | $6.7M | — | ||
| Q4 24 | $-7.8M | — | ||
| Q3 24 | $16.1M | $55.4M | ||
| Q2 24 | $19.2M | — | ||
| Q1 24 | $14.8M | $31.0M |
毛利率ASTHFUL
| Q4 25 | — | — | ||
| Q3 25 | — | 32.0% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 29.5% |
营业利润率ASTHFUL
| Q4 25 | 1.9% | — | ||
| Q3 25 | 2.0% | 12.3% | ||
| Q2 25 | 3.1% | 11.1% | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 5.9% | 11.4% | ||
| Q2 24 | 6.2% | — | ||
| Q1 24 | 7.5% | 8.3% |
净利率ASTHFUL
| Q4 25 | 0.7% | — | ||
| Q3 25 | 0.0% | 7.5% | ||
| Q2 25 | 1.4% | 4.7% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | -1.2% | — | ||
| Q3 24 | 3.4% | 6.0% | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 3.7% | 3.8% |
每股收益（稀释后）ASTHFUL
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.01 | $1.22 | ||
| Q2 25 | $0.19 | $0.76 | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $-0.14 | — | ||
| Q3 24 | $0.33 | $0.98 | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.31 | $0.55 |
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 | $122.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $779.3M | $2.0B |
| 总资产 | $2.2B | $5.2B |
| 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ASTHFUL
| Q4 25 | $429.5M | — | ||
| Q3 25 | $463.4M | $122.5M | ||
| Q2 25 | $342.1M | $96.8M | ||
| Q1 25 | $260.9M | — | ||
| Q4 24 | $290.8M | — | ||
| Q3 24 | $350.3M | $131.4M | ||
| Q2 24 | $327.7M | — | ||
| Q1 24 | $337.3M | $165.2M |
股东权益ASTHFUL
| Q4 25 | $779.3M | — | ||
| Q3 25 | $775.5M | $2.0B | ||
| Q2 25 | $765.5M | $1.9B | ||
| Q1 25 | $745.4M | — | ||
| Q4 24 | $712.7M | — | ||
| Q3 24 | $704.6M | $1.8B | ||
| Q2 24 | $678.9M | — | ||
| Q1 24 | $653.5M | $1.8B |
总资产ASTHFUL
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | $5.2B | ||
| Q2 25 | $1.4B | $5.1B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $5.0B | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.2B | $4.7B |
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 | $99.0M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $68.9M |
| 自由现金流率自由现金流/营收 | -0.6% | 7.7% |
| 资本支出强度资本支出/营收 | 0.3% | 3.4% |
| 现金转化率经营现金流/净利润 | -0.44× | 1.47× |
| 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ASTHFUL
| Q4 25 | $-2.9M | — | ||
| Q3 25 | $10.0M | $99.0M | ||
| Q2 25 | $90.9M | — | ||
| Q1 25 | $16.6M | — | ||
| Q4 24 | $-10.9M | — | ||
| Q3 24 | $34.0M | $169.4M | ||
| Q2 24 | $23.2M | — | ||
| Q1 24 | $6.0M | $47.4M |
自由现金流ASTHFUL
| Q4 25 | $-6.0M | — | ||
| Q3 25 | $7.4M | $68.9M | ||
| Q2 25 | $89.5M | — | ||
| Q1 25 | $13.6M | — | ||
| Q4 24 | $-13.5M | — | ||
| Q3 24 | $31.7M | $99.9M | ||
| Q2 24 | $20.4M | — | ||
| Q1 24 | $5.6M | $4.1M |
自由现金流率ASTHFUL
| Q4 25 | -0.6% | — | ||
| Q3 25 | 0.8% | 7.7% | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | -2.0% | — | ||
| Q3 24 | 6.6% | 10.9% | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 1.4% | 0.5% |
资本支出强度ASTHFUL
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.3% | 3.4% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.5% | 7.6% | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 0.1% | 5.3% |
现金转化率ASTHFUL
| Q4 25 | -0.44× | — | ||
| Q3 25 | 26.69× | 1.47× | ||
| Q2 25 | 9.65× | — | ||
| Q1 25 | 2.48× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | 3.06× | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 0.40× | 1.53× |
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% |
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
