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CLOVER HEALTH INVESTMENTS, CORP.（CLOV）与麦格劳希尔（MH）财务数据对比。点击上方公司名可切换其他公司
CLOVER HEALTH INVESTMENTS, CORP.的季度营收约是麦格劳希尔的1.1倍（$487.7M vs $434.2M），麦格劳希尔净利率更高（-4.7% vs -10.1%，领先5.5%），CLOVER HEALTH INVESTMENTS, CORP.同比增速更快（44.7% vs -35.1%），麦格劳希尔自由现金流更多（$285.4M vs $-69.0M）
克利弗健康投资公司是2014年成立的美国医疗保健企业，主营联邦医疗保险优势计划保险产品，是与美国政府直接签约合作的机构。目前公司为美国11个州的联邦医疗保险参保人提供健康管理服务，并已于2021年1月8日公开上市。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
CLOV vs MH — 直观对比
营收规模更大
CLOV
是对方的1.1倍
$434.2M
营收增速更快
CLOV
高出79.9%
-35.1%
净利率更高
MH
高出5.5%
-10.1%
自由现金流更多
MH
多$354.4M
$-69.0M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $487.7M | $434.2M |
| 净利润 | $-49.3M | $-20.2M |
| 毛利率 | — | 85.3% |
| 营业利润率 | -10.1% | 7.0% |
| 净利率 | -10.1% | -4.7% |
| 营收同比 | 44.7% | -35.1% |
| 净利润同比 | -123.2% | -119.2% |
| 每股收益（稀释后） | — | $-0.11 |
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CLOVMH
| Q4 25 | $487.7M | $434.2M | ||
| Q3 25 | $496.6M | $669.2M | ||
| Q2 25 | $477.6M | $535.7M | ||
| Q1 25 | $462.3M | — | ||
| Q4 24 | $337.0M | — | ||
| Q3 24 | $331.0M | — | ||
| Q2 24 | $356.3M | — | ||
| Q1 24 | $346.9M | — |
净利润CLOVMH
| Q4 25 | $-49.3M | $-20.2M | ||
| Q3 25 | $-24.4M | $105.3M | ||
| Q2 25 | $-10.6M | $502.0K | ||
| Q1 25 | $-1.3M | — | ||
| Q4 24 | $-22.1M | — | ||
| Q3 24 | $-9.2M | — | ||
| Q2 24 | $7.4M | — | ||
| Q1 24 | $-19.2M | — |
毛利率CLOVMH
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 79.2% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 23.6% | — |
营业利润率CLOVMH
| Q4 25 | -10.1% | 7.0% | ||
| Q3 25 | -4.9% | 23.4% | ||
| Q2 25 | -2.2% | 18.0% | ||
| Q1 25 | -0.3% | — | ||
| Q4 24 | -6.4% | — | ||
| Q3 24 | -2.7% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | -6.5% | — |
净利率CLOVMH
| Q4 25 | -10.1% | -4.7% | ||
| Q3 25 | -4.9% | 15.7% | ||
| Q2 25 | -2.2% | 0.1% | ||
| Q1 25 | -0.3% | — | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | -2.8% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -5.5% | — |
每股收益（稀释后）CLOVMH
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $0.57 | ||
| Q2 25 | — | $0.00 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $78.3M | $514.4M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $308.7M | $775.3M |
| 总资产 | $541.0M | $5.6B |
| 负债/权益比越低杠杆越低 | — | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资CLOVMH
| Q4 25 | $78.3M | $514.4M | ||
| Q3 25 | — | $463.2M | ||
| Q2 25 | — | $247.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | $194.5M | — | ||
| Q3 24 | $288.0M | — | ||
| Q2 24 | $254.8M | — | ||
| Q1 24 | $208.3M | — |
总债务CLOVMH
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CLOVMH
| Q4 25 | $308.7M | $775.3M | ||
| Q3 25 | $340.9M | $794.6M | ||
| Q2 25 | $344.2M | $283.3M | ||
| Q1 25 | $336.1M | — | ||
| Q4 24 | $341.1M | — | ||
| Q3 24 | $342.2M | — | ||
| Q2 24 | $324.9M | — | ||
| Q1 24 | $292.5M | — |
总资产CLOVMH
| Q4 25 | $541.0M | $5.6B | ||
| Q3 25 | $559.7M | $6.0B | ||
| Q2 25 | $575.0M | $5.7B | ||
| Q1 25 | $583.7M | — | ||
| Q4 24 | $580.7M | — | ||
| Q3 24 | $653.0M | — | ||
| Q2 24 | $674.2M | — | ||
| Q1 24 | $671.8M | — |
负债/权益比CLOVMH
| Q4 25 | — | 3.36× | ||
| Q3 25 | — | 3.52× | ||
| Q2 25 | — | 11.17× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-66.9M | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $-69.0M | $285.4M |
| 自由现金流率自由现金流/营收 | -14.1% | 65.7% |
| 资本支出强度资本支出/营收 | 0.4% | 5.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-69.2M | — |
8季度趋势，按日历期对齐
经营现金流CLOVMH
| Q4 25 | $-66.9M | $309.0M | ||
| Q3 25 | $12.1M | $265.0M | ||
| Q2 25 | $5.4M | $-96.7M | ||
| Q1 25 | $-16.3M | — | ||
| Q4 24 | $34.8M | — | ||
| Q3 24 | $50.0M | — | ||
| Q2 24 | $44.8M | — | ||
| Q1 24 | $25.9M | — |
自由现金流CLOVMH
| Q4 25 | $-69.0M | $285.4M | ||
| Q3 25 | $11.4M | $243.8M | ||
| Q2 25 | $4.8M | $-112.9M | ||
| Q1 25 | $-16.5M | — | ||
| Q4 24 | $33.3M | — | ||
| Q3 24 | $49.6M | — | ||
| Q2 24 | $44.4M | — | ||
| Q1 24 | $25.5M | — |
自由现金流率CLOVMH
| Q4 25 | -14.1% | 65.7% | ||
| Q3 25 | 2.3% | 36.4% | ||
| Q2 25 | 1.0% | -21.1% | ||
| Q1 25 | -3.6% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 7.3% | — |
资本支出强度CLOVMH
| Q4 25 | 0.4% | 5.4% | ||
| Q3 25 | 0.1% | 3.2% | ||
| Q2 25 | 0.1% | 3.0% | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
现金转化率CLOVMH
| Q4 25 | — | — | ||
| Q3 25 | — | 2.52× | ||
| Q2 25 | — | -192.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.04× | — | ||
| Q1 24 | — | — |
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
CLOV
暂无分部数据
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
