vs
Astrana Health, Inc.（ASTH）与凯悦酒店集团（H）财务数据对比。点击上方公司名可切换其他公司
凯悦酒店集团的季度营收约是Astrana Health, Inc.的1.9倍（$1.8B vs $950.5M），Astrana Health, Inc.净利率更高（0.7% vs -1.1%，领先1.8%），Astrana Health, Inc.同比增速更快（42.9% vs 11.7%），凯悦酒店集团自由现金流更多（$236.0M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 2.2%）
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。
凯悦酒店集团是来自美国的跨国酒店管理企业，总部位于芝加哥河畔广场区域，由普利兹克家族运营管理。集团主营高端及商务酒店、度假村、度假物业的管理与特许经营业务，目前在全球69个国家拥有逾1350家酒店及一价全包物业，覆盖六大洲。
ASTH vs H — 直观对比
营收规模更大
H
是对方的1.9倍
$950.5M
营收增速更快
ASTH
高出31.2%
11.7%
净利率更高
ASTH
高出1.8%
-1.1%
自由现金流更多
H
多$241.9M
$-6.0M
两年增速更快
ASTH
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $1.8B |
| 净利润 | $6.6M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 1.9% | 0.4% |
| 净利率 | 0.7% | -1.1% |
| 营收同比 | 42.9% | 11.7% |
| 净利润同比 | 184.4% | 64.3% |
| 每股收益（稀释后） | $0.12 | $-0.20 |
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ASTHH
| Q4 25 | $950.5M | $1.8B | ||
| Q3 25 | $956.0M | $1.8B | ||
| Q2 25 | $654.8M | $1.8B | ||
| Q1 25 | $620.4M | $1.7B | ||
| Q4 24 | $665.2M | $1.6B | ||
| Q3 24 | $478.7M | $1.6B | ||
| Q2 24 | $486.3M | $1.7B | ||
| Q1 24 | $404.4M | $1.7B |
净利润ASTHH
| Q4 25 | $6.6M | $-20.0M | ||
| Q3 25 | $373.0K | $-49.0M | ||
| Q2 25 | $9.4M | $-3.0M | ||
| Q1 25 | $6.7M | $20.0M | ||
| Q4 24 | $-7.8M | $-56.0M | ||
| Q3 24 | $16.1M | $471.0M | ||
| Q2 24 | $19.2M | $359.0M | ||
| Q1 24 | $14.8M | $522.0M |
营业利润率ASTHH
| Q4 25 | 1.9% | 0.4% | ||
| Q3 25 | 2.0% | -1.0% | ||
| Q2 25 | 3.1% | 2.1% | ||
| Q1 25 | 3.3% | 3.0% | ||
| Q4 24 | 0.1% | -3.0% | ||
| Q3 24 | 5.9% | 37.3% | ||
| Q2 24 | 6.2% | 27.1% | ||
| Q1 24 | 7.5% | 31.6% |
净利率ASTHH
| Q4 25 | 0.7% | -1.1% | ||
| Q3 25 | 0.0% | -2.7% | ||
| Q2 25 | 1.4% | -0.2% | ||
| Q1 25 | 1.1% | 1.2% | ||
| Q4 24 | -1.2% | -3.5% | ||
| Q3 24 | 3.4% | 28.9% | ||
| Q2 24 | 3.9% | 21.1% | ||
| Q1 24 | 3.7% | 30.5% |
每股收益（稀释后）ASTHH
| Q4 25 | $0.12 | $-0.20 | ||
| Q3 25 | $0.01 | $-0.51 | ||
| Q2 25 | $0.19 | $-0.03 | ||
| Q1 25 | $0.14 | $0.19 | ||
| Q4 24 | $-0.14 | $-0.37 | ||
| Q3 24 | $0.33 | $4.63 | ||
| Q2 24 | $0.40 | $3.46 | ||
| Q1 24 | $0.31 | $4.93 |
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 | $813.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $779.3M | $3.3B |
| 总资产 | $2.2B | $14.0B |
| 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ASTHH
| Q4 25 | $429.5M | $813.0M | ||
| Q3 25 | $463.4M | $749.0M | ||
| Q2 25 | $342.1M | $912.0M | ||
| Q1 25 | $260.9M | $1.8B | ||
| Q4 24 | $290.8M | $1.4B | ||
| Q3 24 | $350.3M | $1.1B | ||
| Q2 24 | $327.7M | $2.0B | ||
| Q1 24 | $337.3M | $794.0M |
总债务ASTHH
| Q4 25 | — | — | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.1B |
股东权益ASTHH
| Q4 25 | $779.3M | $3.3B | ||
| Q3 25 | $775.5M | $3.5B | ||
| Q2 25 | $765.5M | $3.6B | ||
| Q1 25 | $745.4M | $3.5B | ||
| Q4 24 | $712.7M | $3.5B | ||
| Q3 24 | $704.6M | $3.7B | ||
| Q2 24 | $678.9M | $3.9B | ||
| Q1 24 | $653.5M | $3.7B |
总资产ASTHH
| Q4 25 | $2.2B | $14.0B | ||
| Q3 25 | $2.2B | $15.7B | ||
| Q2 25 | $1.4B | $15.9B | ||
| Q1 25 | $1.3B | $14.0B | ||
| Q4 24 | $1.4B | $13.3B | ||
| Q3 24 | $1.3B | $11.9B | ||
| Q2 24 | $1.3B | $12.8B | ||
| Q1 24 | $1.2B | $11.7B |
负债/权益比ASTHH
| Q4 25 | — | — | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 0.84× |
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 | $313.0M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $236.0M |
| 自由现金流率自由现金流/营收 | -0.6% | 13.2% |
| 资本支出强度资本支出/营收 | 0.3% | 4.3% |
| 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 | $159.0M |
8季度趋势，按日历期对齐
经营现金流ASTHH
| Q4 25 | $-2.9M | $313.0M | ||
| Q3 25 | $10.0M | $-20.0M | ||
| Q2 25 | $90.9M | $-67.0M | ||
| Q1 25 | $16.6M | $153.0M | ||
| Q4 24 | $-10.9M | $235.0M | ||
| Q3 24 | $34.0M | $-21.0M | ||
| Q2 24 | $23.2M | $177.0M | ||
| Q1 24 | $6.0M | $242.0M |
自由现金流ASTHH
| Q4 25 | $-6.0M | $236.0M | ||
| Q3 25 | $7.4M | $-89.0M | ||
| Q2 25 | $89.5M | $-111.0M | ||
| Q1 25 | $13.6M | $123.0M | ||
| Q4 24 | $-13.5M | $184.0M | ||
| Q3 24 | $31.7M | $-64.0M | ||
| Q2 24 | $20.4M | $135.0M | ||
| Q1 24 | $5.6M | $208.0M |
自由现金流率ASTHH
| Q4 25 | -0.6% | 13.2% | ||
| Q3 25 | 0.8% | -5.0% | ||
| Q2 25 | 13.7% | -6.1% | ||
| Q1 25 | 2.2% | 7.2% | ||
| Q4 24 | -2.0% | 11.5% | ||
| Q3 24 | 6.6% | -3.9% | ||
| Q2 24 | 4.2% | 7.9% | ||
| Q1 24 | 1.4% | 12.1% |
资本支出强度ASTHH
| Q4 25 | 0.3% | 4.3% | ||
| Q3 25 | 0.3% | 3.9% | ||
| Q2 25 | 0.2% | 2.4% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 0.4% | 3.2% | ||
| Q3 24 | 0.5% | 2.6% | ||
| Q2 24 | 0.6% | 2.5% | ||
| Q1 24 | 0.1% | 2.0% |
现金转化率ASTHH
| Q4 25 | -0.44× | — | ||
| Q3 25 | 26.69× | — | ||
| Q2 25 | 9.65× | — | ||
| Q1 25 | 2.48× | 7.65× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | -0.04× | ||
| Q2 24 | 1.21× | 0.49× | ||
| Q1 24 | 0.40× | 0.46× |
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% |
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
