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Astrana Health, Inc.（ASTH）与NATIONAL FUEL GAS CO（NFG）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NATIONAL FUEL GAS CO的2.2倍（$950.5M vs $425.9M），NATIONAL FUEL GAS CO净利率更高（35.7% vs 0.7%，领先35.0%），Astrana Health, Inc.同比增速更快（42.9% vs 1.7%），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 12.1%）
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。
该多元化能源企业成立于1902年，总部位于美国纽约州威廉斯维尔，总资产达62亿美元，下设勘探与生产、管道与存储、燃气集输、公用事业、能源营销五大运营板块，业务覆盖能源产业链上下游多个核心环节。
ASTH vs NFG — 直观对比
营收规模更大
ASTH
是对方的2.2倍
$425.9M
营收增速更快
ASTH
高出41.2%
1.7%
净利率更高
NFG
高出35.0%
0.7%
两年增速更快
ASTH
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $425.9M |
| 净利润 | $6.6M | $152.0M |
| 毛利率 | — | — |
| 营业利润率 | 1.9% | 81.5% |
| 净利率 | 0.7% | 35.7% |
| 营收同比 | 42.9% | 1.7% |
| 净利润同比 | 184.4% | — |
| 每股收益（稀释后） | $0.12 | $1.59 |
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ASTHNFG
| Q1 26 | — | $425.9M | ||
| Q4 25 | $950.5M | $637.9M | ||
| Q3 25 | $956.0M | $443.1M | ||
| Q2 25 | $654.8M | $527.4M | ||
| Q1 25 | $620.4M | $734.8M | ||
| Q4 24 | $665.2M | $513.8M | ||
| Q3 24 | $478.7M | $310.0M | ||
| Q2 24 | $486.3M | $338.6M |
净利润ASTHNFG
| Q1 26 | — | $152.0M | ||
| Q4 25 | $6.6M | $181.6M | ||
| Q3 25 | $373.0K | $107.3M | ||
| Q2 25 | $9.4M | $149.8M | ||
| Q1 25 | $6.7M | $216.4M | ||
| Q4 24 | $-7.8M | $45.0M | ||
| Q3 24 | $16.1M | $-167.6M | ||
| Q2 24 | $19.2M | $-54.2M |
毛利率ASTHNFG
| Q1 26 | — | — | ||
| Q4 25 | — | 86.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 94.7% | ||
| Q1 25 | — | 81.6% | ||
| Q4 24 | — | 87.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 98.5% |
营业利润率ASTHNFG
| Q1 26 | — | 81.5% | ||
| Q4 25 | 1.9% | 43.3% | ||
| Q3 25 | 2.0% | 40.6% | ||
| Q2 25 | 3.1% | 43.7% | ||
| Q1 25 | 3.3% | 43.2% | ||
| Q4 24 | 0.1% | 16.8% | ||
| Q3 24 | 5.9% | -63.4% | ||
| Q2 24 | 6.2% | -15.2% |
净利率ASTHNFG
| Q1 26 | — | 35.7% | ||
| Q4 25 | 0.7% | 28.5% | ||
| Q3 25 | 0.0% | 24.2% | ||
| Q2 25 | 1.4% | 28.4% | ||
| Q1 25 | 1.1% | 29.4% | ||
| Q4 24 | -1.2% | 8.8% | ||
| Q3 24 | 3.4% | -54.1% | ||
| Q2 24 | 3.9% | -16.0% |
每股收益（稀释后）ASTHNFG
| Q1 26 | — | $1.59 | ||
| Q4 25 | $0.12 | $1.98 | ||
| Q3 25 | $0.01 | $1.18 | ||
| Q2 25 | $0.19 | $1.64 | ||
| Q1 25 | $0.14 | $2.37 | ||
| Q4 24 | $-0.14 | $0.49 | ||
| Q3 24 | $0.33 | $-1.81 | ||
| Q2 24 | $0.40 | $-0.59 |
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 | — | $300.0M |
| 股东权益账面价值 | $779.3M | — |
| 总资产 | $2.2B | $9.1B |
| 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ASTHNFG
| Q1 26 | — | — | ||
| Q4 25 | $429.5M | $271.4M | ||
| Q3 25 | $463.4M | $43.2M | ||
| Q2 25 | $342.1M | $39.3M | ||
| Q1 25 | $260.9M | $40.0M | ||
| Q4 24 | $290.8M | $48.7M | ||
| Q3 24 | $350.3M | $38.2M | ||
| Q2 24 | $327.7M | $81.4M |
总债务ASTHNFG
| Q1 26 | — | $300.0M | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $2.7B |
股东权益ASTHNFG
| Q1 26 | — | — | ||
| Q4 25 | $779.3M | $3.6B | ||
| Q3 25 | $775.5M | $3.1B | ||
| Q2 25 | $765.5M | $3.0B | ||
| Q1 25 | $745.4M | $2.8B | ||
| Q4 24 | $712.7M | $-76.2M | ||
| Q3 24 | $704.6M | $-15.5M | ||
| Q2 24 | $678.9M | $5.0M |
总资产ASTHNFG
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.2B | $9.2B | ||
| Q3 25 | $2.2B | $8.7B | ||
| Q2 25 | $1.4B | $8.4B | ||
| Q1 25 | $1.3B | $8.5B | ||
| Q4 24 | $1.4B | $8.3B | ||
| Q3 24 | $1.3B | $8.3B | ||
| Q2 24 | $1.3B | $8.5B |
负债/权益比ASTHNFG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 532.10× |
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 | $657.3M |
| 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% | 117.0% |
| 现金转化率经营现金流/净利润 | -0.44× | 4.32× |
| 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ASTHNFG
| Q1 26 | — | $657.3M | ||
| Q4 25 | $-2.9M | $274.9M | ||
| Q3 25 | $10.0M | $237.8M | ||
| Q2 25 | $90.9M | $388.4M | ||
| Q1 25 | $16.6M | $253.8M | ||
| Q4 24 | $-10.9M | $220.1M | ||
| Q3 24 | $34.0M | $197.9M | ||
| Q2 24 | $23.2M | $281.8M |
自由现金流ASTHNFG
| Q1 26 | — | — | ||
| Q4 25 | $-6.0M | $-2.7M | ||
| Q3 25 | $7.4M | $-47.8M | ||
| Q2 25 | $89.5M | $195.3M | ||
| Q1 25 | $13.6M | $59.9M | ||
| Q4 24 | $-13.5M | $-20.3M | ||
| Q3 24 | $31.7M | $-49.1M | ||
| Q2 24 | $20.4M | $79.5M |
自由现金流率ASTHNFG
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | -0.4% | ||
| Q3 25 | 0.8% | -10.8% | ||
| Q2 25 | 13.7% | 37.0% | ||
| Q1 25 | 2.2% | 8.2% | ||
| Q4 24 | -2.0% | -4.0% | ||
| Q3 24 | 6.6% | -15.8% | ||
| Q2 24 | 4.2% | 23.5% |
资本支出强度ASTHNFG
| Q1 26 | — | 117.0% | ||
| Q4 25 | 0.3% | 43.5% | ||
| Q3 25 | 0.3% | 64.4% | ||
| Q2 25 | 0.2% | 36.6% | ||
| Q1 25 | 0.5% | 26.4% | ||
| Q4 24 | 0.4% | 46.8% | ||
| Q3 24 | 0.5% | 79.7% | ||
| Q2 24 | 0.6% | 59.7% |
现金转化率ASTHNFG
| Q1 26 | — | 4.32× | ||
| Q4 25 | -0.44× | 1.51× | ||
| Q3 25 | 26.69× | 2.21× | ||
| Q2 25 | 9.65× | 2.59× | ||
| Q1 25 | 2.48× | 1.17× | ||
| Q4 24 | — | 4.89× | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 1.21× | — |
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% |
NFG
| Revenues from External Customers | $425.8M | 100% |
| Intersegment Revenues | $126.0K | 0% |
