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Astrana Health, Inc.（ASTH）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.2倍（$950.5M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 0.7%，领先28.0%），Astrana Health, Inc.同比增速更快（42.9% vs 35.8%），Ubiquiti Inc.自由现金流更多（$260.3M vs $-6.0M），过去两年Astrana Health, Inc.的营收复合增速更高（53.3% vs 28.6%）
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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
ASTH vs UI — 直观对比
营收规模更大
ASTH
是对方的1.2倍
$814.9M
营收增速更快
ASTH
高出7.1%
35.8%
净利率更高
UI
高出28.0%
0.7%
自由现金流更多
UI
多$266.2M
$-6.0M
两年增速更快
ASTH
近两年复合增速
28.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $950.5M | $814.9M |
| 净利润 | $6.6M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 1.9% | 35.9% |
| 净利率 | 0.7% | 28.7% |
| 营收同比 | 42.9% | 35.8% |
| 净利润同比 | 184.4% | 70.8% |
| 每股收益（稀释后） | $0.12 | $3.86 |
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ASTHUI
| Q4 25 | $950.5M | $814.9M | ||
| Q3 25 | $956.0M | $733.8M | ||
| Q2 25 | $654.8M | $759.2M | ||
| Q1 25 | $620.4M | $664.2M | ||
| Q4 24 | $665.2M | $599.9M | ||
| Q3 24 | $478.7M | $550.3M | ||
| Q2 24 | $486.3M | $507.5M | ||
| Q1 24 | $404.4M | $493.0M |
净利润ASTHUI
| Q4 25 | $6.6M | $233.6M | ||
| Q3 25 | $373.0K | $207.9M | ||
| Q2 25 | $9.4M | $266.7M | ||
| Q1 25 | $6.7M | $180.4M | ||
| Q4 24 | $-7.8M | $136.8M | ||
| Q3 24 | $16.1M | $128.0M | ||
| Q2 24 | $19.2M | $103.8M | ||
| Q1 24 | $14.8M | $76.3M |
毛利率ASTHUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率ASTHUI
| Q4 25 | 1.9% | 35.9% | ||
| Q3 25 | 2.0% | 35.7% | ||
| Q2 25 | 3.1% | 34.4% | ||
| Q1 25 | 3.3% | 34.2% | ||
| Q4 24 | 0.1% | 29.8% | ||
| Q3 24 | 5.9% | 30.7% | ||
| Q2 24 | 6.2% | 27.3% | ||
| Q1 24 | 7.5% | 22.6% |
净利率ASTHUI
| Q4 25 | 0.7% | 28.7% | ||
| Q3 25 | 0.0% | 28.3% | ||
| Q2 25 | 1.4% | 35.1% | ||
| Q1 25 | 1.1% | 27.2% | ||
| Q4 24 | -1.2% | 22.8% | ||
| Q3 24 | 3.4% | 23.3% | ||
| Q2 24 | 3.9% | 20.5% | ||
| Q1 24 | 3.7% | 15.5% |
每股收益（稀释后）ASTHUI
| Q4 25 | $0.12 | $3.86 | ||
| Q3 25 | $0.01 | $3.43 | ||
| Q2 25 | $0.19 | $4.40 | ||
| Q1 25 | $0.14 | $2.98 | ||
| Q4 24 | $-0.14 | $2.26 | ||
| Q3 24 | $0.33 | $2.12 | ||
| Q2 24 | $0.40 | $1.72 | ||
| Q1 24 | $0.31 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $779.3M | $1.0B |
| 总资产 | $2.2B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资ASTHUI
| Q4 25 | $429.5M | $302.8M | ||
| Q3 25 | $463.4M | $177.2M | ||
| Q2 25 | $342.1M | $149.7M | ||
| Q1 25 | $260.9M | $151.0M | ||
| Q4 24 | $290.8M | $133.1M | ||
| Q3 24 | $350.3M | $165.2M | ||
| Q2 24 | $327.7M | $126.3M | ||
| Q1 24 | $337.3M | $102.5M |
总债务ASTHUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益ASTHUI
| Q4 25 | $779.3M | $1.0B | ||
| Q3 25 | $775.5M | $828.4M | ||
| Q2 25 | $765.5M | $668.3M | ||
| Q1 25 | $745.4M | $436.1M | ||
| Q4 24 | $712.7M | $290.4M | ||
| Q3 24 | $704.6M | $188.1M | ||
| Q2 24 | $678.9M | $95.1M | ||
| Q1 24 | $653.5M | $25.9M |
总资产ASTHUI
| Q4 25 | $2.2B | $1.6B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.2B | $1.2B |
负债/权益比ASTHUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $-6.0M | $260.3M |
| 自由现金流率自由现金流/营收 | -0.6% | 31.9% |
| 资本支出强度资本支出/营收 | 0.3% | 0.4% |
| 现金转化率经营现金流/净利润 | -0.44× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $104.5M | $699.5M |
8季度趋势，按日历期对齐
经营现金流ASTHUI
| Q4 25 | $-2.9M | $263.9M | ||
| Q3 25 | $10.0M | $198.5M | ||
| Q2 25 | $90.9M | $130.4M | ||
| Q1 25 | $16.6M | $123.6M | ||
| Q4 24 | $-10.9M | $152.4M | ||
| Q3 24 | $34.0M | $233.7M | ||
| Q2 24 | $23.2M | $231.4M | ||
| Q1 24 | $6.0M | $163.9M |
自由现金流ASTHUI
| Q4 25 | $-6.0M | $260.3M | ||
| Q3 25 | $7.4M | $193.3M | ||
| Q2 25 | $89.5M | $125.2M | ||
| Q1 25 | $13.6M | $120.7M | ||
| Q4 24 | $-13.5M | $150.4M | ||
| Q3 24 | $31.7M | $231.1M | ||
| Q2 24 | $20.4M | $229.5M | ||
| Q1 24 | $5.6M | $160.6M |
自由现金流率ASTHUI
| Q4 25 | -0.6% | 31.9% | ||
| Q3 25 | 0.8% | 26.3% | ||
| Q2 25 | 13.7% | 16.5% | ||
| Q1 25 | 2.2% | 18.2% | ||
| Q4 24 | -2.0% | 25.1% | ||
| Q3 24 | 6.6% | 42.0% | ||
| Q2 24 | 4.2% | 45.2% | ||
| Q1 24 | 1.4% | 32.6% |
资本支出强度ASTHUI
| Q4 25 | 0.3% | 0.4% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.2% | 0.7% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | 0.4% | 0.3% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.6% | 0.4% | ||
| Q1 24 | 0.1% | 0.7% |
现金转化率ASTHUI
| Q4 25 | -0.44× | 1.13× | ||
| Q3 25 | 26.69× | 0.95× | ||
| Q2 25 | 9.65× | 0.49× | ||
| Q1 25 | 2.48× | 0.68× | ||
| Q4 24 | — | 1.11× | ||
| Q3 24 | 2.11× | 1.83× | ||
| Q2 24 | 1.21× | 2.23× | ||
| Q1 24 | 0.40× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
