vs
CLOVER HEALTH INVESTMENTS, CORP.（CLOV）与TRUPANION, INC.（TRUP）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TRUPANION, INC.的1.3倍（$487.7M vs $376.9M）。CLOVER HEALTH INVESTMENTS, CORP.同比增速更快（44.7% vs 11.7%）。TRUPANION, INC.自由现金流更多（$25.3M vs $-68.7M）。过去两年CLOVER HEALTH INVESTMENTS, CORP.的营收复合增速更高（18.6% vs 11.0%）
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。
Trupanion是总部位于美国华盛顿州西雅图的宠物保险服务商，创立于1999年，业务覆盖美国、加拿大、澳大利亚与波多黎各地区。该公司为宠物提供保险保障服务，所有保单由旗下美国宠物保险公司（APIC）独家承保。
CLOV vs TRUP — 直观对比
营收规模更大
CLOV
是对方的1.3倍
$376.9M
营收增速更快
CLOV
高出33.0%
11.7%
自由现金流更多
TRUP
多$94.1M
$-68.7M
两年增速更快
CLOV
近两年复合增速
11.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $487.7M | $376.9M |
| 净利润 | $-49.3M | — |
| 毛利率 | — | 17.3% |
| 营业利润率 | -10.1% | 1.9% |
| 净利率 | -10.1% | — |
| 营收同比 | 44.7% | 11.7% |
| 净利润同比 | -123.2% | — |
| 每股收益（稀释后） | — | $0.13 |
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CLOVTRUP
| Q4 25 | $487.7M | $376.9M | ||
| Q3 25 | $496.6M | $366.9M | ||
| Q2 25 | $477.6M | $353.6M | ||
| Q1 25 | $462.3M | $342.0M | ||
| Q4 24 | $337.0M | $337.3M | ||
| Q3 24 | $331.0M | $327.5M | ||
| Q2 24 | $356.3M | $314.8M | ||
| Q1 24 | $346.9M | $306.1M |
净利润CLOVTRUP
| Q4 25 | $-49.3M | — | ||
| Q3 25 | $-24.4M | — | ||
| Q2 25 | $-10.6M | — | ||
| Q1 25 | $-1.3M | — | ||
| Q4 24 | $-22.1M | — | ||
| Q3 24 | $-9.2M | — | ||
| Q2 24 | $7.4M | — | ||
| Q1 24 | $-19.2M | — |
毛利率CLOVTRUP
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | 24.5% | 15.1% | ||
| Q2 24 | 30.3% | 12.8% | ||
| Q1 24 | 23.6% | 11.8% |
营业利润率CLOVTRUP
| Q4 25 | -10.1% | 1.9% | ||
| Q3 25 | -4.9% | 1.6% | ||
| Q2 25 | -2.2% | 0.7% | ||
| Q1 25 | -0.3% | -0.4% | ||
| Q4 24 | -6.4% | 0.1% | ||
| Q3 24 | -2.7% | 0.5% | ||
| Q2 24 | 2.0% | -1.7% | ||
| Q1 24 | -6.5% | -2.0% |
净利率CLOVTRUP
| Q4 25 | -10.1% | — | ||
| Q3 25 | -4.9% | — | ||
| Q2 25 | -2.2% | — | ||
| 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）CLOVTRUP
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.14 | ||
| Q1 24 | — | $-0.16 |
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 | $370.7M |
| 总债务越低越好 | — | $101.8M |
| 股东权益账面价值 | $308.7M | $383.9M |
| 总资产 | $541.0M | $915.0M |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资CLOVTRUP
| Q4 25 | $78.3M | $370.7M | ||
| Q3 25 | — | $348.5M | ||
| Q2 25 | — | $319.6M | ||
| Q1 25 | — | $321.8M | ||
| Q4 24 | $194.5M | $307.4M | ||
| Q3 24 | $288.0M | $293.1M | ||
| Q2 24 | $254.8M | $277.2M | ||
| Q1 24 | $208.3M | $275.2M |
总债务CLOVTRUP
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CLOVTRUP
| Q4 25 | $308.7M | $383.9M | ||
| Q3 25 | $340.9M | $368.6M | ||
| Q2 25 | $344.2M | $355.5M | ||
| Q1 25 | $336.1M | $333.7M | ||
| Q4 24 | $341.1M | $323.3M | ||
| Q3 24 | $342.2M | $320.2M | ||
| Q2 24 | $324.9M | $305.8M | ||
| Q1 24 | $292.5M | $303.4M |
总资产CLOVTRUP
| Q4 25 | $541.0M | $915.0M | ||
| Q3 25 | $559.7M | $880.2M | ||
| Q2 25 | $575.0M | $847.8M | ||
| Q1 25 | $583.7M | $837.2M | ||
| Q4 24 | $580.7M | $806.9M | ||
| Q3 24 | $653.0M | $816.1M | ||
| Q2 24 | $674.2M | $795.9M | ||
| Q1 24 | $671.8M | $789.5M |
负债/权益比CLOVTRUP
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| 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 | $-68.2M | $29.3M |
| 自由现金流经营现金流 - 资本支出 | $-68.7M | $25.3M |
| 自由现金流率自由现金流/营收 | -14.1% | 6.7% |
| 资本支出强度资本支出/营收 | 0.1% | 1.0% |
| 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 | $-69.0M | $75.4M |
8季度趋势，按日历期对齐
经营现金流CLOVTRUP
| Q4 25 | $-68.2M | $29.3M | ||
| Q3 25 | $12.1M | $29.2M | ||
| Q2 25 | $5.4M | $15.0M | ||
| Q1 25 | $-16.3M | $16.0M | ||
| Q4 24 | $-85.8M | $23.7M | ||
| Q3 24 | $50.0M | $15.3M | ||
| Q2 24 | $44.8M | $6.9M | ||
| Q1 24 | $25.9M | $2.4M |
自由现金流CLOVTRUP
| Q4 25 | $-68.7M | $25.3M | ||
| Q3 25 | $11.4M | $23.9M | ||
| Q2 25 | $4.8M | $12.0M | ||
| Q1 25 | $-16.5M | $14.0M | ||
| Q4 24 | $-86.1M | $21.8M | ||
| Q3 24 | $49.6M | $13.4M | ||
| Q2 24 | $44.4M | $4.0M | ||
| Q1 24 | $25.5M | $-631.0K |
自由现金流率CLOVTRUP
| Q4 25 | -14.1% | 6.7% | ||
| Q3 25 | 2.3% | 6.5% | ||
| Q2 25 | 1.0% | 3.4% | ||
| Q1 25 | -3.6% | 4.1% | ||
| Q4 24 | -25.6% | 6.5% | ||
| Q3 24 | 15.0% | 4.1% | ||
| Q2 24 | 12.5% | 1.3% | ||
| Q1 24 | 7.3% | -0.2% |
资本支出强度CLOVTRUP
| Q4 25 | 0.1% | 1.0% | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 0.1% | 0.8% | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.1% | 0.6% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.1% | 0.9% | ||
| Q1 24 | 0.1% | 1.0% |
现金转化率CLOVTRUP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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
