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Evolent Health, Inc.（EVH）与Liberty Broadband Corp（LBRDA）财务数据对比。点击上方公司名可切换其他公司
Evolent Health, Inc.的季度营收约是Liberty Broadband Corp的1.9倍（$496.2M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs -5.4%，领先152.1%），Liberty Broadband Corp同比增速更快（6.1% vs 2.6%），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% vs -12.4%）
马奎尔健康是一家美国营利性医疗管理企业，目前为森特里奇旗下子公司，核心服务对象为特殊群体，业务聚焦医疗领域多个细分赛道。客户群体涵盖健康保险计划、其他管理式医疗机构、企业、工会、各类军事与政府机构以及第三方管理机构，2021年位列财富美国500强第390名。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
EVH vs LBRDA — 直观对比
营收规模更大
EVH
是对方的1.9倍
$261.0M
营收增速更快
LBRDA
高出3.5%
2.6%
净利率更高
LBRDA
高出152.1%
-5.4%
两年增速更快
LBRDA
近两年复合增速
-12.4%
损益表 — Q1 FY2026 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $496.2M | $261.0M |
| 净利润 | $-26.6M | $383.0M |
| 毛利率 | 16.9% | — |
| 营业利润率 | — | 15.7% |
| 净利率 | -5.4% | 146.7% |
| 营收同比 | 2.6% | 6.1% |
| 净利润同比 | — | 96.4% |
| 每股收益（稀释后） | — | $2.68 |
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EVHLBRDA
| Q1 26 | $496.2M | — | ||
| Q4 25 | $468.7M | — | ||
| Q3 25 | $479.5M | — | ||
| Q2 25 | $444.3M | $261.0M | ||
| Q1 25 | $483.6M | $266.0M | ||
| Q4 24 | $646.5M | $263.0M | ||
| Q3 24 | $621.4M | $262.0M | ||
| Q2 24 | $647.1M | $246.0M |
净利润EVHLBRDA
| Q1 26 | $-26.6M | — | ||
| Q4 25 | $-429.1M | — | ||
| Q3 25 | $-20.9M | — | ||
| Q2 25 | $-19.9M | $383.0M | ||
| Q1 25 | $-64.6M | $268.0M | ||
| Q4 24 | $-22.8M | $291.0M | ||
| Q3 24 | $-23.1M | $142.0M | ||
| Q2 24 | $1.6M | $195.0M |
毛利率EVHLBRDA
| Q1 26 | 16.9% | — | ||
| Q4 25 | 20.7% | — | ||
| Q3 25 | 20.8% | — | ||
| Q2 25 | 22.6% | — | ||
| Q1 25 | 21.2% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 13.0% | — | ||
| Q2 24 | 16.5% | — |
营业利润率EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | -87.1% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | -0.3% | 15.7% | ||
| Q1 25 | -0.3% | 16.2% | ||
| Q4 24 | -2.9% | 4.9% | ||
| Q3 24 | -2.6% | 11.5% | ||
| Q2 24 | 1.2% | 8.5% |
净利率EVHLBRDA
| Q1 26 | -5.4% | — | ||
| Q4 25 | -91.6% | — | ||
| Q3 25 | -4.4% | — | ||
| Q2 25 | -4.5% | 146.7% | ||
| Q1 25 | -13.4% | 100.8% | ||
| Q4 24 | -3.5% | 110.6% | ||
| Q3 24 | -3.7% | 54.2% | ||
| Q2 24 | 0.2% | 79.3% |
每股收益（稀释后）EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | $-3.76 | — | ||
| Q3 25 | $-0.24 | — | ||
| Q2 25 | $-0.44 | $2.68 | ||
| Q1 25 | $-0.63 | $1.87 | ||
| Q4 24 | $-0.26 | $2.04 | ||
| Q3 24 | $-0.27 | $0.99 | ||
| Q2 24 | $-0.06 | $1.36 |
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 | $142.0M | $180.0M |
| 总债务越低越好 | — | $3.1B |
| 股东权益账面价值 | $396.4M | $10.4B |
| 总资产 | $1.9B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资EVHLBRDA
| Q1 26 | $142.0M | — | ||
| Q4 25 | $151.9M | — | ||
| Q3 25 | $116.7M | — | ||
| Q2 25 | $151.0M | $180.0M | ||
| Q1 25 | $246.5M | $226.0M | ||
| Q4 24 | $104.2M | $163.0M | ||
| Q3 24 | $96.6M | $168.0M | ||
| Q2 24 | $101.3M | $73.0M |
总债务EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.7B | ||
| Q2 24 | — | $3.6B |
股东权益EVHLBRDA
| Q1 26 | $396.4M | — | ||
| Q4 25 | $415.2M | — | ||
| Q3 25 | $842.2M | — | ||
| Q2 25 | $896.0M | $10.4B | ||
| Q1 25 | $935.5M | $10.1B | ||
| Q4 24 | $1.0B | $9.8B | ||
| Q3 24 | $1.0B | $9.5B | ||
| Q2 24 | $1.1B | $9.3B |
总资产EVHLBRDA
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | $16.6B | ||
| Q1 25 | $2.7B | $17.0B | ||
| Q4 24 | $2.5B | $16.7B | ||
| Q3 24 | $2.5B | $16.3B | ||
| Q2 24 | $2.5B | $16.0B |
负债/权益比EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.38× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.39× |
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 | — | $91.0M |
| 自由现金流经营现金流 - 资本支出 | — | $37.0M |
| 自由现金流率自由现金流/营收 | — | 14.2% |
| 资本支出强度资本支出/营收 | — | 20.7% |
| 现金转化率经营现金流/净利润 | — | 0.24× |
| 过去12个月自由现金流最近4个季度 | — | $-49.0M |
8季度趋势，按日历期对齐
经营现金流EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | $48.8M | — | ||
| Q3 25 | $15.8M | — | ||
| Q2 25 | $-30.3M | $91.0M | ||
| Q1 25 | $4.6M | $78.0M | ||
| Q4 24 | $-26.2M | $1.0M | ||
| Q3 24 | $18.7M | $24.0M | ||
| Q2 24 | $21.4M | $27.0M |
自由现金流EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $37.0M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $-63.0M | ||
| Q3 24 | — | $-36.0M | ||
| Q2 24 | — | $-35.0M |
自由现金流率EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 4.9% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | — | -13.7% | ||
| Q2 24 | — | -14.2% |
资本支出强度EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 20.7% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 25.2% |
现金转化率EVHLBRDA
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | 13.42× | 0.14× |
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
EVH
| Performance Suite | $323.3M | 65% |
| Specialty Technology and Services Suite | $80.8M | 16% |
| Administrative Services | $49.6M | 10% |
| Cases | $42.6M | 9% |
LBRDA
暂无分部数据
