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阿里巴巴集团控股有限公司（BABA）与Elevance Health（ELV）财务数据对比。点击上方公司名可切换其他公司
Elevance Health的季度营收约是阿里巴巴集团控股有限公司的1.3倍（$49.7B vs $38.8B），阿里巴巴集团控股有限公司净利率更高（5.8% vs 1.1%，领先4.7%）
阿里巴巴集团控股有限公司是1999年6月28日于浙江杭州创立的中国跨国科技企业，核心业务覆盖电商、零售、互联网及科技领域，运营面向中国及全球市场的C2C、B2C、B2B交易平台，同时提供本地生活服务、数字媒体娱乐、物流、云计算等多元服务，服务全球海量消费者与企业客户。
Elevance Health是美国知名健康保险公司，2022年6月前名为Anthem, Inc.。按营收规模计算，该公司是全球第七大医疗保健企业，通过Anthem蓝十字蓝盾、加州Anthem蓝十字、Wellpoint、Carelon等附属机构，提供医疗、医药、牙科、精神健康、长期护理、残疾保险等多元服务。
BABA vs ELV — 直观对比
营收规模更大
ELV
是对方的1.3倍
$38.8B
净利率更高
BABA
高出4.7%
1.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $38.8B | $49.7B |
| 净利润 | $2.2B | $547.0M |
| 毛利率 | 40.2% | 88.9% |
| 营业利润率 | 6.6% | 0.6% |
| 净利率 | 5.8% | 1.1% |
| 营收同比 | — | 1.8% |
| 净利润同比 | — | -74.9% |
| 每股收益（稀释后） | $6.64 | $2.56 |
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BABAELV
| Q1 26 | — | $49.7B | ||
| Q4 25 | $38.8B | $49.7B | ||
| Q3 25 | $34.2B | $50.7B | ||
| Q2 25 | $32.6B | $49.8B | ||
| Q1 25 | — | $48.9B | ||
| Q4 24 | $38.7B | $45.4B | ||
| Q3 24 | — | $45.1B | ||
| Q2 24 | — | $43.9B |
净利润BABAELV
| Q1 26 | — | $547.0M | ||
| Q4 25 | $2.2B | $547.0M | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | $6.8B | $418.0M | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $2.3B |
毛利率BABAELV
| Q1 26 | — | 88.9% | ||
| Q4 25 | 40.2% | 88.9% | ||
| Q3 25 | 39.2% | 89.4% | ||
| Q2 25 | 38.4% | 89.4% | ||
| Q1 25 | — | 89.8% | ||
| Q4 24 | 42.0% | 86.8% | ||
| Q3 24 | — | 88.7% | ||
| Q2 24 | — | 89.0% |
营业利润率BABAELV
| Q1 26 | — | 0.6% | ||
| Q4 25 | 6.6% | 0.6% | ||
| Q3 25 | 2.2% | 2.6% | ||
| Q2 25 | 12.0% | 4.9% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | 14.7% | 1.5% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 6.3% |
净利率BABAELV
| Q1 26 | — | 1.1% | ||
| Q4 25 | 5.8% | 1.1% | ||
| Q3 25 | 8.5% | 2.3% | ||
| Q2 25 | 5.3% | 3.5% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | 17.5% | 0.9% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 5.2% |
每股收益（稀释后）BABAELV
| Q1 26 | — | $2.56 | ||
| Q4 25 | $6.64 | $2.56 | ||
| Q3 25 | $8.72 | $5.32 | ||
| Q2 25 | $5.20 | $7.72 | ||
| Q1 25 | — | $9.61 | ||
| Q4 24 | $20.40 | $1.88 | ||
| Q3 24 | — | $4.36 | ||
| Q2 24 | — | $9.85 |
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 | $18.3B | $9.5B |
| 总债务越低越好 | — | $31.9B |
| 股东权益账面价值 | $148.7B | $43.9B |
| 总资产 | $268.6B | $121.5B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资BABAELV
| Q1 26 | — | $9.5B | ||
| Q4 25 | $18.3B | $9.5B | ||
| Q3 25 | $19.0B | $8.7B | ||
| Q2 25 | $20.0B | $8.6B | ||
| Q1 25 | — | $7.5B | ||
| Q4 24 | $22.3B | $8.3B | ||
| Q3 24 | — | $7.9B | ||
| Q2 24 | — | $6.5B |
总债务BABAELV
| Q1 26 | — | $31.9B | ||
| Q4 25 | — | $31.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $30.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BABAELV
| Q1 26 | — | $43.9B | ||
| Q4 25 | $148.7B | $43.9B | ||
| Q3 25 | $145.0B | $44.0B | ||
| Q2 25 | $139.2B | $43.7B | ||
| Q1 25 | — | $42.5B | ||
| Q4 24 | $137.2B | $41.3B | ||
| Q3 24 | — | $43.8B | ||
| Q2 24 | — | $42.2B |
总资产BABAELV
| Q1 26 | — | $121.5B | ||
| Q4 25 | $268.6B | $121.5B | ||
| Q3 25 | $264.6B | $122.7B | ||
| Q2 25 | $248.6B | $121.9B | ||
| Q1 25 | — | $119.7B | ||
| Q4 24 | $254.1B | $116.9B | ||
| Q3 24 | — | $116.5B | ||
| Q2 24 | — | $113.0B |
负债/权益比BABAELV
| Q1 26 | — | 0.73× | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $5.2B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.31× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BABAELV
| Q1 26 | — | — | ||
| Q4 25 | $5.2B | $84.0M | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $3.8B | $2.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | $9.7B | $706.0M | ||
| Q3 24 | — | $2.7B | ||
| Q2 24 | — | $447.0M |
自由现金流BABAELV
| Q1 26 | — | — | ||
| Q4 25 | — | $-209.0M | ||
| Q3 25 | — | $775.0M | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $821.0M | ||
| Q4 24 | — | $384.0M | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $124.0M |
自由现金流率BABAELV
| Q1 26 | — | — | ||
| Q4 25 | — | -0.4% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 5.2% | ||
| Q2 24 | — | 0.3% |
资本支出强度BABAELV
| Q1 26 | — | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.7% |
现金转化率BABAELV
| Q1 26 | — | — | ||
| Q4 25 | 2.31× | 0.15× | ||
| Q3 25 | 0.49× | 0.95× | ||
| Q2 25 | 2.19× | 1.18× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | 1.43× | 1.69× | ||
| Q3 24 | — | 2.63× | ||
| Q2 24 | — | 0.19× |
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
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
ELV
暂无分部数据
