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Evolent Health, Inc.（EVH）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Evolent Health, Inc.的1.4倍（$663.0M vs $468.7M），Reddit, Inc.净利率更高（30.8% vs -91.6%，领先122.3%），Reddit, Inc.同比增速更快（69.0% vs -27.5%），过去两年Reddit, Inc.的营收复合增速更高（53.6% vs -14.4%）
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。
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。
EVH vs RDDT — 直观对比
营收规模更大
RDDT
是对方的1.4倍
$468.7M
营收增速更快
RDDT
高出96.5%
-27.5%
净利率更高
RDDT
高出122.3%
-91.6%
两年增速更快
RDDT
近两年复合增速
-14.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $468.7M | $663.0M |
| 净利润 | $-429.1M | $204.0M |
| 毛利率 | 20.7% | 100.0% |
| 营业利润率 | -87.1% | 0.0% |
| 净利率 | -91.6% | 30.8% |
| 营收同比 | -27.5% | 69.0% |
| 净利润同比 | -1782.0% | 680.0% |
| 每股收益（稀释后） | $-3.76 | $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EVHRDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $468.7M | $725.6M | ||
| Q3 25 | $479.5M | $584.9M | ||
| Q2 25 | $444.3M | $499.6M | ||
| Q1 25 | $483.6M | $392.4M | ||
| Q4 24 | $646.5M | $427.7M | ||
| Q3 24 | $621.4M | $348.4M | ||
| Q2 24 | $647.1M | $281.2M |
净利润EVHRDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $-429.1M | $251.6M | ||
| Q3 25 | $-20.9M | $162.7M | ||
| Q2 25 | $-19.9M | $89.3M | ||
| Q1 25 | $-64.6M | $26.2M | ||
| Q4 24 | $-22.8M | $71.0M | ||
| Q3 24 | $-23.1M | $29.9M | ||
| Q2 24 | $1.6M | $-10.1M |
毛利率EVHRDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | 20.7% | 91.9% | ||
| Q3 25 | 20.8% | 91.0% | ||
| Q2 25 | 22.6% | 90.8% | ||
| Q1 25 | 21.2% | 90.5% | ||
| Q4 24 | 11.7% | 92.6% | ||
| Q3 24 | 13.0% | 90.1% | ||
| Q2 24 | 16.5% | 89.5% |
营业利润率EVHRDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | -87.1% | 31.9% | ||
| Q3 25 | 0.2% | 23.7% | ||
| Q2 25 | -0.3% | 13.6% | ||
| Q1 25 | -0.3% | 1.0% | ||
| Q4 24 | -2.9% | 12.4% | ||
| Q3 24 | -2.6% | 2.0% | ||
| Q2 24 | 1.2% | -11.0% |
净利率EVHRDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | -91.6% | 34.7% | ||
| Q3 25 | -4.4% | 27.8% | ||
| Q2 25 | -4.5% | 17.9% | ||
| Q1 25 | -13.4% | 6.7% | ||
| Q4 24 | -3.5% | 16.6% | ||
| Q3 24 | -3.7% | 8.6% | ||
| Q2 24 | 0.2% | -3.6% |
每股收益（稀释后）EVHRDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $-3.76 | $1.24 | ||
| Q3 25 | $-0.24 | $0.80 | ||
| Q2 25 | $-0.44 | $0.45 | ||
| Q1 25 | $-0.63 | $0.13 | ||
| Q4 24 | $-0.26 | $4.76 | ||
| Q3 24 | $-0.27 | $0.16 | ||
| Q2 24 | $-0.06 | $-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 | $151.9M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $415.2M | $3.2B |
| 总资产 | $1.9B | $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EVHRDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $151.9M | $953.6M | ||
| Q3 25 | $116.7M | $911.7M | ||
| Q2 25 | $151.0M | $734.1M | ||
| Q1 25 | $246.5M | $635.7M | ||
| Q4 24 | $104.2M | $562.1M | ||
| Q3 24 | $96.6M | $515.9M | ||
| Q2 24 | $101.3M | $468.0M |
股东权益EVHRDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $415.2M | $2.9B | ||
| Q3 25 | $842.2M | $2.6B | ||
| Q2 25 | $896.0M | $2.4B | ||
| Q1 25 | $935.5M | $2.2B | ||
| Q4 24 | $1.0B | $2.1B | ||
| Q3 24 | $1.0B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B |
总资产EVHRDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $1.9B | $3.2B | ||
| Q3 25 | $2.5B | $2.9B | ||
| Q2 25 | $2.5B | $2.6B | ||
| Q1 25 | $2.7B | $2.4B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.5B | $2.2B | ||
| Q2 24 | $2.5B | $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 | $48.8M | — |
| 自由现金流经营现金流 - 资本支出 | — | $311.0M |
| 自由现金流率自由现金流/营收 | — | 46.9% |
| 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 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $868.6M |
8季度趋势，按日历期对齐
经营现金流EVHRDDT
| Q1 26 | — | — | ||
| Q4 25 | $48.8M | $266.8M | ||
| Q3 25 | $15.8M | $185.2M | ||
| Q2 25 | $-30.3M | $111.3M | ||
| Q1 25 | $4.6M | $127.6M | ||
| Q4 24 | $-26.2M | $90.0M | ||
| Q3 24 | $18.7M | $71.6M | ||
| Q2 24 | $21.4M | $28.4M |
自由现金流EVHRDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | — | $263.6M | ||
| Q3 25 | — | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $70.3M | ||
| Q2 24 | — | $27.2M |
自由现金流率EVHRDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | — | 36.3% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 20.2% | ||
| Q2 24 | — | 9.7% |
资本支出强度EVHRDDT
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
现金转化率EVHRDDT
| 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 | 13.42× | — |
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
| Commercial And Other Customers | $147.9M | 32% |
| Medicare Customers | $111.2M | 24% |
| Specialty Technology And Services Suite | $95.7M | 20% |
| Administrative Service | $55.8M | 12% |
| Cases | $47.7M | 10% |
| Related Party | $4.5M | 1% |
RDDT
暂无分部数据
