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Astrana Health, Inc.（ASTH）与NGL Energy Partners LP（NGL）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NGL Energy Partners LP的1.0倍（$950.5M vs $909.8M），NGL Energy Partners LP净利率更高（5.2% vs 0.7%，领先4.5%），Astrana Health, Inc.同比增速更快（42.9% vs -41.3%），NGL Energy Partners LP自由现金流更多（$45.7M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs -6.4%）
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。
NGL Energy Partners LP是一家总部位于美国的中游能源服务企业，主营原油、液化天然气、可再生燃料的运输、存储及物流服务，同时为上游能源生产商提供水资源管理解决方案，业务主要覆盖北美市场。
ASTH vs NGL — 直观对比
营收规模更大
ASTH
是对方的1.0倍
$909.8M
营收增速更快
ASTH
高出84.2%
-41.3%
净利率更高
NGL
高出4.5%
0.7%
自由现金流更多
NGL
多$51.7M
$-6.0M
两年增速更快
ASTH
近两年复合增速
-6.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $909.8M |
| 净利润 | $6.6M | $47.2M |
| 毛利率 | — | 29.0% |
| 营业利润率 | 1.9% | 12.1% |
| 净利率 | 0.7% | 5.2% |
| 营收同比 | 42.9% | -41.3% |
| 净利润同比 | 184.4% | 249.3% |
| 每股收益（稀释后） | $0.12 | — |
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ASTHNGL
| Q4 25 | $950.5M | $909.8M | ||
| Q3 25 | $956.0M | $674.7M | ||
| Q2 25 | $654.8M | $622.2M | ||
| Q1 25 | $620.4M | $971.1M | ||
| Q4 24 | $665.2M | $982.4M | ||
| Q3 24 | $478.7M | $756.5M | ||
| Q2 24 | $486.3M | $759.2M | ||
| Q1 24 | $404.4M | $1.0B |
净利润ASTHNGL
| Q4 25 | $6.6M | $47.2M | ||
| Q3 25 | $373.0K | $29.3M | ||
| Q2 25 | $9.4M | $68.9M | ||
| Q1 25 | $6.7M | $13.7M | ||
| Q4 24 | $-7.8M | $13.5M | ||
| Q3 24 | $16.1M | $2.5M | ||
| Q2 24 | $19.2M | $9.7M | ||
| Q1 24 | $14.8M | $-236.8M |
毛利率ASTHNGL
| Q4 25 | — | 29.0% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 38.5% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 25.1% | ||
| Q3 24 | — | 30.9% | ||
| Q2 24 | — | 29.0% | ||
| Q1 24 | — | 21.8% |
营业利润率ASTHNGL
| Q4 25 | 1.9% | 12.1% | ||
| Q3 25 | 2.0% | 14.0% | ||
| Q2 25 | 3.1% | 15.7% | ||
| Q1 25 | 3.3% | 8.4% | ||
| Q4 24 | 0.1% | 8.6% | ||
| Q3 24 | 5.9% | 10.8% | ||
| Q2 24 | 6.2% | 10.8% | ||
| Q1 24 | 7.5% | -9.4% |
净利率ASTHNGL
| Q4 25 | 0.7% | 5.2% | ||
| Q3 25 | 0.0% | 4.3% | ||
| Q2 25 | 1.4% | 11.1% | ||
| Q1 25 | 1.1% | 1.4% | ||
| Q4 24 | -1.2% | 1.4% | ||
| Q3 24 | 3.4% | 0.3% | ||
| Q2 24 | 3.9% | 1.3% | ||
| Q1 24 | 3.7% | -22.8% |
每股收益（稀释后）ASTHNGL
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.01 | — | ||
| Q2 25 | $0.19 | — | ||
| Q1 25 | $0.14 | — | ||
| Q4 24 | $-0.14 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $0.40 | — | ||
| Q1 24 | $0.31 | — |
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 | $6.5M |
| 总债务越低越好 | — | $2.9B |
| 股东权益账面价值 | $779.3M | — |
| 总资产 | $2.2B | $4.4B |
| 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ASTHNGL
| Q4 25 | $429.5M | $6.5M | ||
| Q3 25 | $463.4M | $8.7M | ||
| Q2 25 | $342.1M | $5.4M | ||
| Q1 25 | $260.9M | $13.5M | ||
| Q4 24 | $290.8M | $5.7M | ||
| Q3 24 | $350.3M | $4.5M | ||
| Q2 24 | $327.7M | $5.3M | ||
| Q1 24 | $337.3M | $38.9M |
总债务ASTHNGL
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $2.9B |
股东权益ASTHNGL
| Q4 25 | $779.3M | — | ||
| Q3 25 | $775.5M | — | ||
| Q2 25 | $765.5M | — | ||
| Q1 25 | $745.4M | — | ||
| Q4 24 | $712.7M | — | ||
| Q3 24 | $704.6M | — | ||
| Q2 24 | $678.9M | — | ||
| Q1 24 | $653.5M | — |
总资产ASTHNGL
| Q4 25 | $2.2B | $4.4B | ||
| Q3 25 | $2.2B | $4.3B | ||
| Q2 25 | $1.4B | $4.2B | ||
| Q1 25 | $1.3B | $4.6B | ||
| Q4 24 | $1.4B | $4.8B | ||
| Q3 24 | $1.3B | $4.9B | ||
| Q2 24 | $1.3B | $4.8B | ||
| Q1 24 | $1.2B | $5.0B |
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 | $182.3M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $45.7M |
| 自由现金流率自由现金流/营收 | -0.6% | 5.0% |
| 资本支出强度资本支出/营收 | 0.3% | 15.0% |
| 现金转化率经营现金流/净利润 | -0.44× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $104.5M | $126.7M |
8季度趋势，按日历期对齐
经营现金流ASTHNGL
| Q4 25 | $-2.9M | $182.3M | ||
| Q3 25 | $10.0M | $40.5M | ||
| Q2 25 | $90.9M | $33.2M | ||
| Q1 25 | $16.6M | $155.0M | ||
| Q4 24 | $-10.9M | $153.8M | ||
| Q3 24 | $34.0M | $6.7M | ||
| Q2 24 | $23.2M | $-18.1M | ||
| Q1 24 | $6.0M | $152.2M |
自由现金流ASTHNGL
| Q4 25 | $-6.0M | $45.7M | ||
| Q3 25 | $7.4M | $9.5M | ||
| Q2 25 | $89.5M | $11.1M | ||
| Q1 25 | $13.6M | $60.4M | ||
| Q4 24 | $-13.5M | $152.1M | ||
| Q3 24 | $31.7M | $-82.9M | ||
| Q2 24 | $20.4M | $-78.0M | ||
| Q1 24 | $5.6M | $119.8M |
自由现金流率ASTHNGL
| Q4 25 | -0.6% | 5.0% | ||
| Q3 25 | 0.8% | 1.4% | ||
| Q2 25 | 13.7% | 1.8% | ||
| Q1 25 | 2.2% | 6.2% | ||
| Q4 24 | -2.0% | 15.5% | ||
| Q3 24 | 6.6% | -11.0% | ||
| Q2 24 | 4.2% | -10.3% | ||
| Q1 24 | 1.4% | 11.5% |
资本支出强度ASTHNGL
| Q4 25 | 0.3% | 15.0% | ||
| Q3 25 | 0.3% | 4.6% | ||
| Q2 25 | 0.2% | 3.6% | ||
| Q1 25 | 0.5% | 9.7% | ||
| Q4 24 | 0.4% | 0.2% | ||
| Q3 24 | 0.5% | 11.8% | ||
| Q2 24 | 0.6% | 7.9% | ||
| Q1 24 | 0.1% | 3.1% |
现金转化率ASTHNGL
| Q4 25 | -0.44× | 3.86× | ||
| Q3 25 | 26.69× | 1.38× | ||
| Q2 25 | 9.65× | 0.48× | ||
| Q1 25 | 2.48× | 11.29× | ||
| Q4 24 | — | 11.39× | ||
| Q3 24 | 2.11× | 2.74× | ||
| Q2 24 | 1.21× | -1.87× | ||
| Q1 24 | 0.40× | — |
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% |
NGL
| Water Solutions Segment | $208.6M | 23% |
| Services | $193.3M | 21% |
| Butane | $192.5M | 21% |
| Service Fees | $182.8M | 20% |
| Public Utilities Inventory Propane | $93.9M | 10% |
| Crude Oil | $23.3M | 3% |
| Crude Oil Transportation And Other | $6.5M | 1% |
| Liquids Logistics Segment | $2.5M | 0% |
| Crude Oil Logistics Segment | $1.2M | 0% |
