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CLOVER HEALTH INVESTMENTS, CORP.（CLOV）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
Reddit, Inc.的季度营收约是CLOVER HEALTH INVESTMENTS, CORP.的1.4倍（$663.0M vs $487.7M），Reddit, Inc.净利率更高（30.8% vs -10.1%，领先40.9%），Reddit, Inc.同比增速更快（69.0% vs 44.7%），Reddit, Inc.自由现金流更多（$311.0M vs $-69.0M），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs 18.6%）
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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
CLOV vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.4倍
$487.7M
营收增速更快
RDDT
高出24.3%
44.7%
净利率更高
RDDT
高出40.9%
-10.1%
自由现金流更多
RDDT
多$380.0M
$-69.0M
两年增速更快
RDDT
近两年复合增速
18.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $487.7M | $663.0M |
| 净利润 | $-49.3M | $204.0M |
| 毛利率 | — | 100.0% |
| 营业利润率 | -10.1% | 0.0% |
| 净利率 | -10.1% | 30.8% |
| 营收同比 | 44.7% | 69.0% |
| 净利润同比 | -123.2% | 680.0% |
| 每股收益（稀释后） | — | $1.01 |
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CLOVRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $487.7M | $725.6M | ||
| Q3 25 | $496.6M | $584.9M | ||
| Q2 25 | $477.6M | $499.6M | ||
| Q1 25 | $462.3M | $392.4M | ||
| Q4 24 | $337.0M | $427.7M | ||
| Q3 24 | $331.0M | $348.4M | ||
| Q2 24 | $356.3M | $281.2M |
净利润CLOVRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $-49.3M | $251.6M | ||
| Q3 25 | $-24.4M | $162.7M | ||
| Q2 25 | $-10.6M | $89.3M | ||
| Q1 25 | $-1.3M | $26.2M | ||
| Q4 24 | $-22.1M | $71.0M | ||
| Q3 24 | $-9.2M | $29.9M | ||
| Q2 24 | $7.4M | $-10.1M |
毛利率CLOVRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | — | 91.9% | ||
| Q3 25 | — | 91.0% | ||
| Q2 25 | — | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | 24.5% | 90.1% | ||
| Q2 24 | 30.3% | 89.5% |
营业利润率CLOVRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | -10.1% | 31.9% | ||
| Q3 25 | -4.9% | 23.7% | ||
| Q2 25 | -2.2% | 13.6% | ||
| Q1 25 | -0.3% | 1.0% | ||
| Q4 24 | -6.4% | 12.4% | ||
| Q3 24 | -2.7% | 2.0% | ||
| Q2 24 | 2.0% | -11.0% |
净利率CLOVRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | -10.1% | 34.7% | ||
| Q3 25 | -4.9% | 27.8% | ||
| Q2 25 | -2.2% | 17.9% | ||
| Q1 25 | -0.3% | 6.7% | ||
| Q4 24 | -6.6% | 16.6% | ||
| Q3 24 | -2.8% | 8.6% | ||
| Q2 24 | 2.1% | -3.6% |
每股收益（稀释后）CLOVRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | — | $1.24 | ||
| Q3 25 | — | $0.80 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $4.76 | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $-0.06 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $308.7M | $3.2B |
| 总资产 | $541.0M | $3.5B |
| 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CLOVRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $78.3M | $953.6M | ||
| Q3 25 | — | $911.7M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | $194.5M | $562.1M | ||
| Q3 24 | $288.0M | $515.9M | ||
| Q2 24 | $254.8M | $468.0M |
股东权益CLOVRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $308.7M | $2.9B | ||
| Q3 25 | $340.9M | $2.6B | ||
| Q2 25 | $344.2M | $2.4B | ||
| Q1 25 | $336.1M | $2.2B | ||
| Q4 24 | $341.1M | $2.1B | ||
| Q3 24 | $342.2M | $2.0B | ||
| Q2 24 | $324.9M | $1.9B |
总资产CLOVRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $541.0M | $3.2B | ||
| Q3 25 | $559.7M | $2.9B | ||
| Q2 25 | $575.0M | $2.6B | ||
| Q1 25 | $583.7M | $2.4B | ||
| Q4 24 | $580.7M | $2.3B | ||
| Q3 24 | $653.0M | $2.2B | ||
| Q2 24 | $674.2M | $2.1B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $-69.0M | $311.0M |
| 自由现金流率自由现金流/营收 | -14.1% | 46.9% |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 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 | $868.6M |
8季度趋势，按日历期对齐
经营现金流CLOVRDDT
| Q1 26 | — | — | ||
| Q4 25 | $-66.9M | $266.8M | ||
| Q3 25 | $12.1M | $185.2M | ||
| Q2 25 | $5.4M | $111.3M | ||
| Q1 25 | $-16.3M | $127.6M | ||
| Q4 24 | $34.8M | $90.0M | ||
| Q3 24 | $50.0M | $71.6M | ||
| Q2 24 | $44.8M | $28.4M |
自由现金流CLOVRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $-69.0M | $263.6M | ||
| Q3 25 | $11.4M | $183.1M | ||
| Q2 25 | $4.8M | $110.8M | ||
| Q1 25 | $-16.5M | $126.6M | ||
| Q4 24 | $33.3M | $89.2M | ||
| Q3 24 | $49.6M | $70.3M | ||
| Q2 24 | $44.4M | $27.2M |
自由现金流率CLOVRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | -14.1% | 36.3% | ||
| Q3 25 | 2.3% | 31.3% | ||
| Q2 25 | 1.0% | 22.2% | ||
| Q1 25 | -3.6% | 32.3% | ||
| Q4 24 | 9.9% | 20.8% | ||
| Q3 24 | 15.0% | 20.2% | ||
| Q2 24 | 12.5% | 9.7% |
资本支出强度CLOVRDDT
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.1% | 0.4% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.0% | 0.2% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.1% | 0.4% |
现金转化率CLOVRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 2.40× | ||
| Q2 24 | 6.04× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
