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Astrana Health, Inc.（ASTH）与RH（RH）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RH的1.1倍（$950.5M vs $883.8M），RH净利率更高（4.1% vs 0.7%，领先3.4%），Astrana Health, Inc.同比增速更快（42.9% vs 8.9%），RH自由现金流更多（$83.0M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 9.4%）
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。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
ASTH vs RH — 直观对比
营收规模更大
ASTH
是对方的1.1倍
$883.8M
营收增速更快
ASTH
高出34.0%
8.9%
净利率更高
RH
高出3.4%
0.7%
自由现金流更多
RH
多$89.0M
$-6.0M
两年增速更快
ASTH
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $883.8M |
| 净利润 | $6.6M | $36.3M |
| 毛利率 | — | 44.1% |
| 营业利润率 | 1.9% | 12.0% |
| 净利率 | 0.7% | 4.1% |
| 营收同比 | 42.9% | 8.9% |
| 净利润同比 | 184.4% | 9.3% |
| 每股收益（稀释后） | $0.12 | $1.83 |
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ASTHRH
| Q4 25 | $950.5M | $883.8M | ||
| Q3 25 | $956.0M | $899.2M | ||
| Q2 25 | $654.8M | $814.0M | ||
| Q1 25 | $620.4M | $812.4M | ||
| Q4 24 | $665.2M | $811.7M | ||
| Q3 24 | $478.7M | $829.7M | ||
| Q2 24 | $486.3M | $727.0M | ||
| Q1 24 | $404.4M | $738.3M |
净利润ASTHRH
| Q4 25 | $6.6M | $36.3M | ||
| Q3 25 | $373.0K | $51.7M | ||
| Q2 25 | $9.4M | $8.0M | ||
| Q1 25 | $6.7M | $13.9M | ||
| Q4 24 | $-7.8M | $33.2M | ||
| Q3 24 | $16.1M | $29.0M | ||
| Q2 24 | $19.2M | $-3.6M | ||
| Q1 24 | $14.8M | $11.4M |
毛利率ASTHRH
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
营业利润率ASTHRH
| Q4 25 | 1.9% | 12.0% | ||
| Q3 25 | 2.0% | 14.3% | ||
| Q2 25 | 3.1% | 6.9% | ||
| Q1 25 | 3.3% | 8.7% | ||
| Q4 24 | 0.1% | 12.5% | ||
| Q3 24 | 5.9% | 11.6% | ||
| Q2 24 | 6.2% | 7.5% | ||
| Q1 24 | 7.5% | 8.7% |
净利率ASTHRH
| Q4 25 | 0.7% | 4.1% | ||
| Q3 25 | 0.0% | 5.8% | ||
| Q2 25 | 1.4% | 1.0% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | -1.2% | 4.1% | ||
| Q3 24 | 3.4% | 3.5% | ||
| Q2 24 | 3.9% | -0.5% | ||
| Q1 24 | 3.7% | 1.5% |
每股收益（稀释后）ASTHRH
| Q4 25 | $0.12 | $1.83 | ||
| Q3 25 | $0.01 | $2.62 | ||
| Q2 25 | $0.19 | $0.40 | ||
| Q1 25 | $0.14 | $0.71 | ||
| Q4 24 | $-0.14 | $1.66 | ||
| Q3 24 | $0.33 | $1.45 | ||
| Q2 24 | $0.40 | $-0.20 | ||
| Q1 24 | $0.31 | $0.91 |
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 | $43.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $779.3M | $3.3M |
| 总资产 | $2.2B | $4.8B |
| 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ASTHRH
| Q4 25 | $429.5M | $43.1M | ||
| Q3 25 | $463.4M | $34.6M | ||
| Q2 25 | $342.1M | $46.1M | ||
| Q1 25 | $260.9M | $30.4M | ||
| Q4 24 | $290.8M | $87.0M | ||
| Q3 24 | $350.3M | $78.3M | ||
| Q2 24 | $327.7M | $101.8M | ||
| Q1 24 | $337.3M | $123.7M |
股东权益ASTHRH
| Q4 25 | $779.3M | $3.3M | ||
| Q3 25 | $775.5M | $-40.9M | ||
| Q2 25 | $765.5M | $-110.8M | ||
| Q1 25 | $745.4M | $-163.6M | ||
| Q4 24 | $712.7M | $-183.0M | ||
| Q3 24 | $704.6M | $-234.7M | ||
| Q2 24 | $678.9M | $-289.9M | ||
| Q1 24 | $653.5M | $-297.4M |
总资产ASTHRH
| Q4 25 | $2.2B | $4.8B | ||
| Q3 25 | $2.2B | $4.7B | ||
| Q2 25 | $1.4B | $4.7B | ||
| Q1 25 | $1.3B | $4.6B | ||
| Q4 24 | $1.4B | $4.5B | ||
| Q3 24 | $1.3B | $4.4B | ||
| Q2 24 | $1.3B | $4.2B | ||
| Q1 24 | $1.2B | $4.1B |
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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $83.0M |
| 自由现金流率自由现金流/营收 | -0.6% | 9.4% |
| 资本支出强度资本支出/营收 | 0.3% | 5.5% |
| 现金转化率经营现金流/净利润 | -0.44× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $104.5M | $128.1M |
8季度趋势，按日历期对齐
经营现金流ASTHRH
| Q4 25 | $-2.9M | $131.9M | ||
| Q3 25 | $10.0M | $137.7M | ||
| Q2 25 | $90.9M | $86.6M | ||
| Q1 25 | $16.6M | $-18.8M | ||
| Q4 24 | $-10.9M | $-31.4M | ||
| Q3 24 | $34.0M | $11.2M | ||
| Q2 24 | $23.2M | $56.1M | ||
| Q1 24 | $6.0M | $-114.0M |
自由现金流ASTHRH
| Q4 25 | $-6.0M | $83.0M | ||
| Q3 25 | $7.4M | $80.7M | ||
| Q2 25 | $89.5M | $34.1M | ||
| Q1 25 | $13.6M | $-69.7M | ||
| Q4 24 | $-13.5M | $-96.0M | ||
| Q3 24 | $31.7M | $-37.9M | ||
| Q2 24 | $20.4M | $-10.1M | ||
| Q1 24 | $5.6M | $-251.5M |
自由现金流率ASTHRH
| Q4 25 | -0.6% | 9.4% | ||
| Q3 25 | 0.8% | 9.0% | ||
| Q2 25 | 13.7% | 4.2% | ||
| Q1 25 | 2.2% | -8.6% | ||
| Q4 24 | -2.0% | -11.8% | ||
| Q3 24 | 6.6% | -4.6% | ||
| Q2 24 | 4.2% | -1.4% | ||
| Q1 24 | 1.4% | -34.1% |
资本支出强度ASTHRH
| Q4 25 | 0.3% | 5.5% | ||
| Q3 25 | 0.3% | 6.3% | ||
| Q2 25 | 0.2% | 6.5% | ||
| Q1 25 | 0.5% | 6.3% | ||
| Q4 24 | 0.4% | 8.0% | ||
| Q3 24 | 0.5% | 5.9% | ||
| Q2 24 | 0.6% | 9.1% | ||
| Q1 24 | 0.1% | 18.6% |
现金转化率ASTHRH
| Q4 25 | -0.44× | 3.64× | ||
| Q3 25 | 26.69× | 2.66× | ||
| Q2 25 | 9.65× | 10.78× | ||
| Q1 25 | 2.48× | -1.35× | ||
| Q4 24 | — | -0.95× | ||
| Q3 24 | 2.11× | 0.39× | ||
| Q2 24 | 1.21× | — | ||
| Q1 24 | 0.40× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
