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Astrana Health, Inc.（ASTH）与Unity Software Inc.（U）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Unity Software Inc.的1.9倍（$950.5M vs $503.1M），Astrana Health, Inc.净利率更高（0.7% vs -17.9%，领先18.6%），Astrana Health, Inc.同比增速更快（42.9% vs 10.1%），Unity Software Inc.自由现金流更多（$118.7M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 4.5%）
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。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
ASTH vs U — 直观对比
营收规模更大
ASTH
是对方的1.9倍
$503.1M
营收增速更快
ASTH
高出32.8%
10.1%
净利率更高
ASTH
高出18.6%
-17.9%
自由现金流更多
U
多$124.6M
$-6.0M
两年增速更快
ASTH
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $503.1M |
| 净利润 | $6.6M | $-90.0M |
| 毛利率 | — | 74.3% |
| 营业利润率 | 1.9% | -21.2% |
| 净利率 | 0.7% | -17.9% |
| 营收同比 | 42.9% | 10.1% |
| 净利润同比 | 184.4% | 26.7% |
| 每股收益（稀释后） | $0.12 | $-0.21 |
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ASTHU
| Q4 25 | $950.5M | $503.1M | ||
| Q3 25 | $956.0M | $470.6M | ||
| Q2 25 | $654.8M | $440.9M | ||
| Q1 25 | $620.4M | $435.0M | ||
| Q4 24 | $665.2M | $457.1M | ||
| Q3 24 | $478.7M | $446.5M | ||
| Q2 24 | $486.3M | $449.3M | ||
| Q1 24 | $404.4M | $460.4M |
净利润ASTHU
| Q4 25 | $6.6M | $-90.0M | ||
| Q3 25 | $373.0K | $-126.4M | ||
| Q2 25 | $9.4M | $-108.8M | ||
| Q1 25 | $6.7M | $-77.6M | ||
| Q4 24 | $-7.8M | $-122.7M | ||
| Q3 24 | $16.1M | $-124.7M | ||
| Q2 24 | $19.2M | $-125.6M | ||
| Q1 24 | $14.8M | $-291.1M |
毛利率ASTHU
| Q4 25 | — | 74.3% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 74.1% | ||
| Q1 25 | — | 73.8% | ||
| Q4 24 | — | 74.7% | ||
| Q3 24 | — | 74.9% | ||
| Q2 24 | — | 75.8% | ||
| Q1 24 | — | 68.6% |
营业利润率ASTHU
| Q4 25 | 1.9% | -21.2% | ||
| Q3 25 | 2.0% | -26.7% | ||
| Q2 25 | 3.1% | -26.9% | ||
| Q1 25 | 3.3% | -29.4% | ||
| Q4 24 | 0.1% | -27.1% | ||
| Q3 24 | 5.9% | -28.5% | ||
| Q2 24 | 6.2% | -28.8% | ||
| Q1 24 | 7.5% | -81.4% |
净利率ASTHU
| Q4 25 | 0.7% | -17.9% | ||
| Q3 25 | 0.0% | -26.9% | ||
| Q2 25 | 1.4% | -24.7% | ||
| Q1 25 | 1.1% | -17.8% | ||
| Q4 24 | -1.2% | -26.8% | ||
| Q3 24 | 3.4% | -27.9% | ||
| Q2 24 | 3.9% | -28.0% | ||
| Q1 24 | 3.7% | -63.2% |
每股收益（稀释后）ASTHU
| Q4 25 | $0.12 | $-0.21 | ||
| Q3 25 | $0.01 | $-0.30 | ||
| Q2 25 | $0.19 | $-0.26 | ||
| Q1 25 | $0.14 | $-0.19 | ||
| Q4 24 | $-0.14 | $-0.30 | ||
| Q3 24 | $0.33 | $-0.31 | ||
| Q2 24 | $0.40 | $-0.32 | ||
| Q1 24 | $0.31 | $-0.75 |
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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $779.3M | $3.2B |
| 总资产 | $2.2B | $6.8B |
| 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ASTHU
| Q4 25 | $429.5M | $2.1B | ||
| Q3 25 | $463.4M | $1.9B | ||
| Q2 25 | $342.1M | $1.7B | ||
| Q1 25 | $260.9M | $1.5B | ||
| Q4 24 | $290.8M | $1.5B | ||
| Q3 24 | $350.3M | $1.4B | ||
| Q2 24 | $327.7M | $1.3B | ||
| Q1 24 | $337.3M | $1.2B |
股东权益ASTHU
| Q4 25 | $779.3M | $3.2B | ||
| Q3 25 | $775.5M | $3.2B | ||
| Q2 25 | $765.5M | $3.2B | ||
| Q1 25 | $745.4M | $3.2B | ||
| Q4 24 | $712.7M | $3.2B | ||
| Q3 24 | $704.6M | $3.2B | ||
| Q2 24 | $678.9M | $3.2B | ||
| Q1 24 | $653.5M | $3.2B |
总资产ASTHU
| Q4 25 | $2.2B | $6.8B | ||
| Q3 25 | $2.2B | $6.8B | ||
| Q2 25 | $1.4B | $6.7B | ||
| Q1 25 | $1.3B | $6.6B | ||
| Q4 24 | $1.4B | $6.7B | ||
| Q3 24 | $1.3B | $6.7B | ||
| Q2 24 | $1.3B | $6.7B | ||
| Q1 24 | $1.2B | $6.8B |
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 | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $118.7M |
| 自由现金流率自由现金流/营收 | -0.6% | 23.6% |
| 资本支出强度资本支出/营收 | 0.3% | 0.5% |
| 现金转化率经营现金流/净利润 | -0.44× | — |
| 过去12个月自由现金流最近4个季度 | $104.5M | $403.9M |
8季度趋势，按日历期对齐
经营现金流ASTHU
| Q4 25 | $-2.9M | $121.4M | ||
| Q3 25 | $10.0M | $155.4M | ||
| Q2 25 | $90.9M | $133.1M | ||
| Q1 25 | $16.6M | $13.0M | ||
| Q4 24 | $-10.9M | $112.2M | ||
| Q3 24 | $34.0M | $122.4M | ||
| Q2 24 | $23.2M | $88.4M | ||
| Q1 24 | $6.0M | $-7.4M |
自由现金流ASTHU
| Q4 25 | $-6.0M | $118.7M | ||
| Q3 25 | $7.4M | $151.3M | ||
| Q2 25 | $89.5M | $126.7M | ||
| Q1 25 | $13.6M | $7.3M | ||
| Q4 24 | $-13.5M | $105.8M | ||
| Q3 24 | $31.7M | $115.2M | ||
| Q2 24 | $20.4M | $79.6M | ||
| Q1 24 | $5.6M | $-14.6M |
自由现金流率ASTHU
| Q4 25 | -0.6% | 23.6% | ||
| Q3 25 | 0.8% | 32.1% | ||
| Q2 25 | 13.7% | 28.7% | ||
| Q1 25 | 2.2% | 1.7% | ||
| Q4 24 | -2.0% | 23.1% | ||
| Q3 24 | 6.6% | 25.8% | ||
| Q2 24 | 4.2% | 17.7% | ||
| Q1 24 | 1.4% | -3.2% |
资本支出强度ASTHU
| Q4 25 | 0.3% | 0.5% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.5% | 1.3% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.5% | 1.6% | ||
| Q2 24 | 0.6% | 2.0% | ||
| Q1 24 | 0.1% | 1.6% |
现金转化率ASTHU
| Q4 25 | -0.44× | — | ||
| Q3 25 | 26.69× | — | ||
| Q2 25 | 9.65× | — | ||
| Q1 25 | 2.48× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 1.21× | — | ||
| 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% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
