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Astrana Health, Inc.（ASTH）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
西蒙地产集团的季度营收约是Astrana Health, Inc.的1.9倍（$1.8B vs $950.5M），西蒙地产集团净利率更高（197.6% vs 0.7%，领先196.9%），Astrana Health, Inc.同比增速更快（42.9% vs 13.2%），西蒙地产集团自由现金流更多（$948.8M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 11.4%）
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。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
ASTH vs SPG — 直观对比
营收规模更大
SPG
是对方的1.9倍
$950.5M
营收增速更快
ASTH
高出29.7%
13.2%
净利率更高
SPG
高出196.9%
0.7%
自由现金流更多
SPG
多$954.8M
$-6.0M
两年增速更快
ASTH
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $1.8B |
| 净利润 | $6.6M | $3.5B |
| 毛利率 | — | — |
| 营业利润率 | 1.9% | 49.7% |
| 净利率 | 0.7% | 197.6% |
| 营收同比 | 42.9% | 13.2% |
| 净利润同比 | 184.4% | 358.7% |
| 每股收益（稀释后） | $0.12 | $9.34 |
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ASTHSPG
| Q4 25 | $950.5M | $1.8B | ||
| Q3 25 | $956.0M | $1.6B | ||
| Q2 25 | $654.8M | $1.5B | ||
| Q1 25 | $620.4M | $1.5B | ||
| Q4 24 | $665.2M | $1.6B | ||
| Q3 24 | $478.7M | $1.5B | ||
| Q2 24 | $486.3M | $1.5B | ||
| Q1 24 | $404.4M | $1.4B |
净利润ASTHSPG
| Q4 25 | $6.6M | $3.5B | ||
| Q3 25 | $373.0K | $702.7M | ||
| Q2 25 | $9.4M | $643.7M | ||
| Q1 25 | $6.7M | $477.9M | ||
| Q4 24 | $-7.8M | $771.8M | ||
| Q3 24 | $16.1M | $546.7M | ||
| Q2 24 | $19.2M | $569.4M | ||
| Q1 24 | $14.8M | $841.2M |
营业利润率ASTHSPG
| Q4 25 | 1.9% | 49.7% | ||
| Q3 25 | 2.0% | 50.8% | ||
| Q2 25 | 3.1% | 49.7% | ||
| Q1 25 | 3.3% | 49.4% | ||
| Q4 24 | 0.1% | 52.8% | ||
| Q3 24 | 5.9% | 51.9% | ||
| Q2 24 | 6.2% | 51.7% | ||
| Q1 24 | 7.5% | 51.0% |
净利率ASTHSPG
| Q4 25 | 0.7% | 197.6% | ||
| Q3 25 | 0.0% | 43.9% | ||
| Q2 25 | 1.4% | 43.0% | ||
| Q1 25 | 1.1% | 32.4% | ||
| Q4 24 | -1.2% | 48.8% | ||
| Q3 24 | 3.4% | 36.9% | ||
| Q2 24 | 3.9% | 39.0% | ||
| Q1 24 | 3.7% | 58.3% |
每股收益（稀释后）ASTHSPG
| Q4 25 | $0.12 | $9.34 | ||
| Q3 25 | $0.01 | $1.86 | ||
| Q2 25 | $0.19 | $1.70 | ||
| Q1 25 | $0.14 | $1.27 | ||
| Q4 24 | $-0.14 | $2.04 | ||
| Q3 24 | $0.33 | $1.46 | ||
| Q2 24 | $0.40 | $1.51 | ||
| Q1 24 | $0.31 | $2.25 |
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 | $823.1M |
| 总债务越低越好 | — | $28.4B |
| 股东权益账面价值 | $779.3M | $5.2B |
| 总资产 | $2.2B | $40.6B |
| 负债/权益比越低杠杆越低 | — | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资ASTHSPG
| Q4 25 | $429.5M | $823.1M | ||
| Q3 25 | $463.4M | $1.6B | ||
| Q2 25 | $342.1M | $1.2B | ||
| Q1 25 | $260.9M | $1.4B | ||
| Q4 24 | $290.8M | $1.4B | ||
| Q3 24 | $350.3M | $2.5B | ||
| Q2 24 | $327.7M | $2.5B | ||
| Q1 24 | $337.3M | $2.6B |
总债务ASTHSPG
| Q4 25 | — | $28.4B | ||
| Q3 25 | — | $25.8B | ||
| Q2 25 | — | $25.4B | ||
| Q1 25 | — | $24.8B | ||
| Q4 24 | — | $24.3B | ||
| Q3 24 | — | $25.4B | ||
| Q2 24 | — | $25.3B | ||
| Q1 24 | — | $25.5B |
股东权益ASTHSPG
| Q4 25 | $779.3M | $5.2B | ||
| Q3 25 | $775.5M | $2.3B | ||
| Q2 25 | $765.5M | $2.5B | ||
| Q1 25 | $745.4M | $2.6B | ||
| Q4 24 | $712.7M | $2.9B | ||
| Q3 24 | $704.6M | $2.7B | ||
| Q2 24 | $678.9M | $2.9B | ||
| Q1 24 | $653.5M | $3.1B |
总资产ASTHSPG
| Q4 25 | $2.2B | $40.6B | ||
| Q3 25 | $2.2B | $33.6B | ||
| Q2 25 | $1.4B | $33.3B | ||
| Q1 25 | $1.3B | $32.5B | ||
| Q4 24 | $1.4B | $32.4B | ||
| Q3 24 | $1.3B | $33.3B | ||
| Q2 24 | $1.3B | $33.4B | ||
| Q1 24 | $1.2B | $33.7B |
负债/权益比ASTHSPG
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 10.98× | ||
| Q2 25 | — | 10.36× | ||
| Q1 25 | — | 9.50× | ||
| Q4 24 | — | 8.25× | ||
| Q3 24 | — | 9.37× | ||
| Q2 24 | — | 8.59× | ||
| Q1 24 | — | 8.22× |
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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $948.8M |
| 自由现金流率自由现金流/营收 | -0.6% | 53.0% |
| 资本支出强度资本支出/营收 | 0.3% | 14.2% |
| 现金转化率经营现金流/净利润 | -0.44× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $104.5M | $3.2B |
8季度趋势，按日历期对齐
经营现金流ASTHSPG
| Q4 25 | $-2.9M | $1.2B | ||
| Q3 25 | $10.0M | $890.3M | ||
| Q2 25 | $90.9M | $1.2B | ||
| Q1 25 | $16.6M | $827.2M | ||
| Q4 24 | $-10.9M | $1.1B | ||
| Q3 24 | $34.0M | $892.9M | ||
| Q2 24 | $23.2M | $1.1B | ||
| Q1 24 | $6.0M | $773.1M |
自由现金流ASTHSPG
| Q4 25 | $-6.0M | $948.8M | ||
| Q3 25 | $7.4M | $685.0M | ||
| Q2 25 | $89.5M | $971.3M | ||
| Q1 25 | $13.6M | $597.0M | ||
| Q4 24 | $-13.5M | $867.7M | ||
| Q3 24 | $31.7M | $706.5M | ||
| Q2 24 | $20.4M | $874.8M | ||
| Q1 24 | $5.6M | $610.1M |
自由现金流率ASTHSPG
| Q4 25 | -0.6% | 53.0% | ||
| Q3 25 | 0.8% | 42.8% | ||
| Q2 25 | 13.7% | 64.8% | ||
| Q1 25 | 2.2% | 40.5% | ||
| Q4 24 | -2.0% | 54.8% | ||
| Q3 24 | 6.6% | 47.7% | ||
| Q2 24 | 4.2% | 60.0% | ||
| Q1 24 | 1.4% | 42.3% |
资本支出强度ASTHSPG
| Q4 25 | 0.3% | 14.2% | ||
| Q3 25 | 0.3% | 12.8% | ||
| Q2 25 | 0.2% | 16.3% | ||
| Q1 25 | 0.5% | 15.6% | ||
| Q4 24 | 0.4% | 13.8% | ||
| Q3 24 | 0.5% | 12.6% | ||
| Q2 24 | 0.6% | 12.9% | ||
| Q1 24 | 0.1% | 11.3% |
现金转化率ASTHSPG
| Q4 25 | -0.44× | 0.34× | ||
| Q3 25 | 26.69× | 1.27× | ||
| Q2 25 | 9.65× | 1.89× | ||
| Q1 25 | 2.48× | 1.73× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 2.11× | 1.63× | ||
| Q2 24 | 1.21× | 1.87× | ||
| Q1 24 | 0.40× | 0.92× |
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% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
