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百通（BDC）与LifeStance Health Group, Inc.（LFST）财务数据对比。点击上方公司名可切换其他公司
百通的季度营收约是LifeStance Health Group, Inc.的1.8倍（$696.4M vs $382.2M），百通净利率更高（7.3% vs 3.1%，领先4.3%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 11.4%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $-63.1M），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 7.3%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
LifeStance Health Group是美国的门诊行为健康服务提供商，支持线下面诊与远程诊疗两种服务模式，业务涵盖心理咨询、精神科诊疗、经颅磁刺激（TMS）以及氯胺酮治疗等。该公司曾多次因劳动违规、客户信息泄露及误导投资者相关问题遭遇诉讼。
BDC vs LFST — 直观对比
营收规模更大
BDC
是对方的1.8倍
$382.2M
营收增速更快
LFST
高出6.0%
11.4%
净利率更高
BDC
高出4.3%
3.1%
自由现金流更多
LFST
多$109.7M
$-63.1M
两年增速更快
LFST
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $696.4M | $382.2M |
| 净利润 | $51.0M | $11.7M |
| 毛利率 | 37.1% | — |
| 营业利润率 | 11.2% | 4.7% |
| 净利率 | 7.3% | 3.1% |
| 营收同比 | 11.4% | 17.4% |
| 净利润同比 | -1.8% | 264.1% |
| 每股收益（稀释后） | $1.30 | — |
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BDCLFST
| Q1 26 | $696.4M | — | ||
| Q4 25 | $720.1M | $382.2M | ||
| Q3 25 | $698.2M | $363.8M | ||
| Q2 25 | $672.0M | $345.3M | ||
| Q1 25 | $624.9M | $333.0M | ||
| Q4 24 | $666.0M | $325.5M | ||
| Q3 24 | $654.9M | $312.7M | ||
| Q2 24 | $604.3M | $312.3M |
净利润BDCLFST
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $11.7M | ||
| Q3 25 | $56.7M | $1.1M | ||
| Q2 25 | $61.0M | $-3.8M | ||
| Q1 25 | $51.9M | $709.0K | ||
| Q4 24 | $58.4M | $-7.1M | ||
| Q3 24 | $53.7M | $-6.0M | ||
| Q2 24 | $49.0M | $-23.3M |
毛利率BDCLFST
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 37.5% | — |
营业利润率BDCLFST
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | 4.7% | ||
| Q3 25 | 10.9% | 2.0% | ||
| Q2 25 | 11.8% | -0.9% | ||
| Q1 25 | 11.6% | 0.5% | ||
| Q4 24 | 10.4% | 0.3% | ||
| Q3 24 | 11.5% | 0.0% | ||
| Q2 24 | 11.4% | -5.1% |
净利率BDCLFST
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | 3.1% | ||
| Q3 25 | 8.1% | 0.3% | ||
| Q2 25 | 9.1% | -1.1% | ||
| Q1 25 | 8.3% | 0.2% | ||
| Q4 24 | 8.8% | -2.2% | ||
| Q3 24 | 8.2% | -1.9% | ||
| Q2 24 | 8.1% | -7.5% |
每股收益（稀释后）BDCLFST
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | — | ||
| Q3 25 | $1.41 | — | ||
| Q2 25 | $1.53 | — | ||
| Q1 25 | $1.27 | — | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.30 | — | ||
| Q2 24 | $1.19 | — |
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 | $272.2M | $248.6M |
| 总债务越低越好 | $1.3B | $282.8M |
| 股东权益账面价值 | $1.3B | $1.5B |
| 总资产 | — | $2.2B |
| 负债/权益比越低杠杆越低 | 0.98× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资BDCLFST
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $248.6M | ||
| Q3 25 | $314.3M | $203.9M | ||
| Q2 25 | $301.5M | $188.9M | ||
| Q1 25 | $259.0M | $134.3M | ||
| Q4 24 | $370.3M | $154.6M | ||
| Q3 24 | $323.0M | $102.6M | ||
| Q2 24 | $564.8M | $87.0M |
总债务BDCLFST
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | — | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M |
股东权益BDCLFST
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.4B |
总资产BDCLFST
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $2.2B | ||
| Q3 25 | $3.4B | $2.1B | ||
| Q2 25 | $3.4B | $2.1B | ||
| Q1 25 | $3.3B | $2.1B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.5B | $2.1B |
负债/权益比BDCLFST
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× |
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 | — | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $-63.1M | $46.6M |
| 自由现金流率自由现金流/营收 | -9.1% | 12.2% |
| 资本支出强度资本支出/营收 | 6.4% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 4.93× |
| 过去12个月自由现金流最近4个季度 | $180.4M | $110.0M |
8季度趋势，按日历期对齐
经营现金流BDCLFST
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $57.6M | ||
| Q3 25 | $105.0M | $27.3M | ||
| Q2 25 | $82.0M | $64.4M | ||
| Q1 25 | $7.4M | $-3.1M | ||
| Q4 24 | $174.7M | $62.3M | ||
| Q3 24 | $91.7M | $22.7M | ||
| Q2 24 | $83.0M | $44.1M |
自由现金流BDCLFST
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $46.6M | ||
| Q3 25 | $65.3M | $17.0M | ||
| Q2 25 | $56.9M | $56.6M | ||
| Q1 25 | $-24.8M | $-10.3M | ||
| Q4 24 | $116.4M | $56.0M | ||
| Q3 24 | $67.2M | $17.7M | ||
| Q2 24 | $61.0M | $39.0M |
自由现金流率BDCLFST
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | 12.2% | ||
| Q3 25 | 9.4% | 4.7% | ||
| Q2 25 | 8.5% | 16.4% | ||
| Q1 25 | -4.0% | -3.1% | ||
| Q4 24 | 17.5% | 17.2% | ||
| Q3 24 | 10.3% | 5.7% | ||
| Q2 24 | 10.1% | 12.5% |
资本支出强度BDCLFST
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 2.9% | ||
| Q3 25 | 5.7% | 2.8% | ||
| Q2 25 | 3.7% | 2.2% | ||
| Q1 25 | 5.2% | 2.2% | ||
| Q4 24 | 8.8% | 1.9% | ||
| Q3 24 | 3.7% | 1.6% | ||
| Q2 24 | 3.6% | 1.6% |
现金转化率BDCLFST
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | 4.93× | ||
| Q3 25 | 1.85× | 25.34× | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.14× | -4.36× | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
