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Astrana Health, Inc.（ASTH）与Loews Corporation（L）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Loews Corporation的1.1倍（$950.5M vs $827.0M），Loews Corporation净利率更高（48.6% vs 0.7%，领先47.9%），Astrana Health, Inc.同比增速更快（42.9% vs 4.8%），Loews Corporation自由现金流更多（$426.0M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 7.9%）
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。
Loews Corporation是一家总部位于美国的多元化综合企业集团，旗下子公司业务覆盖财产保险、天然气管道运输、酒店运营、油气勘探生产等核心领域，主要服务北美市场的商业、消费者及工业客户。
ASTH vs L — 直观对比
营收规模更大
ASTH
是对方的1.1倍
$827.0M
营收增速更快
ASTH
高出38.1%
4.8%
净利率更高
L
高出47.9%
0.7%
自由现金流更多
L
多$431.9M
$-6.0M
两年增速更快
ASTH
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $827.0M |
| 净利润 | $6.6M | $402.0M |
| 毛利率 | — | — |
| 营业利润率 | 1.9% | 65.4% |
| 净利率 | 0.7% | 48.6% |
| 营收同比 | 42.9% | 4.8% |
| 净利润同比 | 184.4% | 115.0% |
| 每股收益（稀释后） | $0.12 | $1.93 |
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ASTHL
| Q4 25 | $950.5M | $827.0M | ||
| Q3 25 | $956.0M | $732.0M | ||
| Q2 25 | $654.8M | $769.0M | ||
| Q1 25 | $620.4M | $846.0M | ||
| Q4 24 | $665.2M | $789.0M | ||
| Q3 24 | $478.7M | $683.0M | ||
| Q2 24 | $486.3M | $711.0M | ||
| Q1 24 | $404.4M | $710.0M |
净利润ASTHL
| Q4 25 | $6.6M | $402.0M | ||
| Q3 25 | $373.0K | $504.0M | ||
| Q2 25 | $9.4M | $391.0M | ||
| Q1 25 | $6.7M | $370.0M | ||
| Q4 24 | $-7.8M | $187.0M | ||
| Q3 24 | $16.1M | $401.0M | ||
| Q2 24 | $19.2M | $369.0M | ||
| Q1 24 | $14.8M | $457.0M |
营业利润率ASTHL
| Q4 25 | 1.9% | 65.4% | ||
| Q3 25 | 2.0% | 94.1% | ||
| Q2 25 | 3.1% | 70.1% | ||
| Q1 25 | 3.3% | 60.8% | ||
| Q4 24 | 0.1% | 23.8% | ||
| Q3 24 | 5.9% | 80.5% | ||
| Q2 24 | 6.2% | 71.3% | ||
| Q1 24 | 7.5% | 88.6% |
净利率ASTHL
| Q4 25 | 0.7% | 48.6% | ||
| Q3 25 | 0.0% | 68.9% | ||
| Q2 25 | 1.4% | 50.8% | ||
| Q1 25 | 1.1% | 43.7% | ||
| Q4 24 | -1.2% | 23.7% | ||
| Q3 24 | 3.4% | 58.7% | ||
| Q2 24 | 3.9% | 51.9% | ||
| Q1 24 | 3.7% | 64.4% |
每股收益（稀释后）ASTHL
| Q4 25 | $0.12 | $1.93 | ||
| Q3 25 | $0.01 | $2.43 | ||
| Q2 25 | $0.19 | $1.87 | ||
| Q1 25 | $0.14 | $1.74 | ||
| Q4 24 | $-0.14 | $0.87 | ||
| Q3 24 | $0.33 | $1.82 | ||
| Q2 24 | $0.40 | $1.67 | ||
| Q1 24 | $0.31 | $2.05 |
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 | $6.0B |
| 总债务越低越好 | — | $8.4B |
| 股东权益账面价值 | $779.3M | $18.7B |
| 总资产 | $2.2B | $86.3B |
| 负债/权益比越低杠杆越低 | — | 0.45× |
8季度趋势，按日历期对齐
现金及短期投资ASTHL
| Q4 25 | $429.5M | $6.0B | ||
| Q3 25 | $463.4M | $5.4B | ||
| Q2 25 | $342.1M | $4.5B | ||
| Q1 25 | $260.9M | $4.4B | ||
| Q4 24 | $290.8M | $4.6B | ||
| Q3 24 | $350.3M | $5.2B | ||
| Q2 24 | $327.7M | $4.9B | ||
| Q1 24 | $337.3M | $5.4B |
总债务ASTHL
| Q4 25 | — | $8.4B | ||
| Q3 25 | — | $8.4B | ||
| Q2 25 | — | $7.9B | ||
| Q1 25 | — | $8.4B | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | — | $8.8B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.4B |
股东权益ASTHL
| Q4 25 | $779.3M | $18.7B | ||
| Q3 25 | $775.5M | $18.3B | ||
| Q2 25 | $765.5M | $17.5B | ||
| Q1 25 | $745.4M | $17.2B | ||
| Q4 24 | $712.7M | $17.1B | ||
| Q3 24 | $704.6M | $17.4B | ||
| Q2 24 | $678.9M | $16.4B | ||
| Q1 24 | $653.5M | $16.2B |
总资产ASTHL
| Q4 25 | $2.2B | $86.3B | ||
| Q3 25 | $2.2B | $85.9B | ||
| Q2 25 | $1.4B | $84.7B | ||
| Q1 25 | $1.3B | $83.1B | ||
| Q4 24 | $1.4B | $81.9B | ||
| Q3 24 | $1.3B | $83.6B | ||
| Q2 24 | $1.3B | $81.1B | ||
| Q1 24 | $1.2B | $80.9B |
负债/权益比ASTHL
| Q4 25 | — | 0.45× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.52× | ||
| Q1 24 | — | 0.52× |
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 | $617.0M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $426.0M |
| 自由现金流率自由现金流/营收 | -0.6% | 51.5% |
| 资本支出强度资本支出/营收 | 0.3% | 23.1% |
| 现金转化率经营现金流/净利润 | -0.44× | 1.53× |
| 过去12个月自由现金流最近4个季度 | $104.5M | $2.7B |
8季度趋势，按日历期对齐
经营现金流ASTHL
| Q4 25 | $-2.9M | $617.0M | ||
| Q3 25 | $10.0M | $920.0M | ||
| Q2 25 | $90.9M | $1.0B | ||
| Q1 25 | $16.6M | $736.0M | ||
| Q4 24 | $-10.9M | $941.0M | ||
| Q3 24 | $34.0M | $934.0M | ||
| Q2 24 | $23.2M | $952.0M | ||
| Q1 24 | $6.0M | $198.0M |
自由现金流ASTHL
| Q4 25 | $-6.0M | $426.0M | ||
| Q3 25 | $7.4M | $764.0M | ||
| Q2 25 | $89.5M | $872.0M | ||
| Q1 25 | $13.6M | $638.0M | ||
| Q4 24 | $-13.5M | $767.0M | ||
| Q3 24 | $31.7M | $794.0M | ||
| Q2 24 | $20.4M | $793.0M | ||
| Q1 24 | $5.6M | $39.0M |
自由现金流率ASTHL
| Q4 25 | -0.6% | 51.5% | ||
| Q3 25 | 0.8% | 104.4% | ||
| Q2 25 | 13.7% | 113.4% | ||
| Q1 25 | 2.2% | 75.4% | ||
| Q4 24 | -2.0% | 97.2% | ||
| Q3 24 | 6.6% | 116.3% | ||
| Q2 24 | 4.2% | 111.5% | ||
| Q1 24 | 1.4% | 5.5% |
资本支出强度ASTHL
| Q4 25 | 0.3% | 23.1% | ||
| Q3 25 | 0.3% | 21.3% | ||
| Q2 25 | 0.2% | 17.4% | ||
| Q1 25 | 0.5% | 11.6% | ||
| Q4 24 | 0.4% | 22.1% | ||
| Q3 24 | 0.5% | 20.5% | ||
| Q2 24 | 0.6% | 22.4% | ||
| Q1 24 | 0.1% | 22.4% |
现金转化率ASTHL
| Q4 25 | -0.44× | 1.53× | ||
| Q3 25 | 26.69× | 1.83× | ||
| Q2 25 | 9.65× | 2.57× | ||
| Q1 25 | 2.48× | 1.99× | ||
| Q4 24 | — | 5.03× | ||
| Q3 24 | 2.11× | 2.33× | ||
| Q2 24 | 1.21× | 2.58× | ||
| Q1 24 | 0.40× | 0.43× |
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% |
L
| Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services | $601.0M | 73% |
| Lodging And Related Services | $226.0M | 27% |
