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BILL Holdings, Inc.（BILL）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
BILL Holdings, Inc.的季度营收约是LifeStance Health Group, Inc.的1.1倍（$414.7M vs $382.2M），LifeStance Health Group, Inc.净利率更高（3.1% vs -0.6%，领先3.7%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 14.4%），BILL Holdings, Inc.自由现金流更多（$103.8M vs $46.6M），过去两年BILL Holdings, Inc.的营收复合增速更高（13.3% vs 12.8%）
BILL Holdings, Inc. 是总部位于美国加利福尼亚州圣何塞的企业，专注为美国小型企业提供自动化云原生财务运营软件。旗下Bill.com Connect是白标端到端支付自动化平台，可供金融机构接入其单点登录的线上企业银行生态中使用。
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。
BILL vs LFST — 直观对比
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $414.7M | $382.2M |
| 净利润 | $-2.6M | $11.7M |
| 毛利率 | 79.8% | — |
| 营业利润率 | -4.4% | 4.7% |
| 净利率 | -0.6% | 3.1% |
| 营收同比 | 14.4% | 17.4% |
| 净利润同比 | -107.7% | 264.1% |
| 每股收益（稀释后） | $-0.03 | — |
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
| Q4 25 | $414.7M | $382.2M | ||
| Q3 25 | $395.7M | $363.8M | ||
| Q2 25 | $383.3M | $345.3M | ||
| Q1 25 | $358.2M | $333.0M | ||
| Q4 24 | $362.6M | $325.5M | ||
| Q3 24 | $358.4M | $312.7M | ||
| Q2 24 | $343.7M | $312.3M | ||
| Q1 24 | $323.0M | $300.4M |
| Q4 25 | $-2.6M | $11.7M | ||
| Q3 25 | $-3.0M | $1.1M | ||
| Q2 25 | $-7.1M | $-3.8M | ||
| Q1 25 | $-11.6M | $709.0K | ||
| Q4 24 | $33.5M | $-7.1M | ||
| Q3 24 | $8.9M | $-6.0M | ||
| Q2 24 | $7.6M | $-23.3M | ||
| Q1 24 | $31.8M | $-21.1M |
| Q4 25 | 79.8% | — | ||
| Q3 25 | 80.5% | — | ||
| Q2 25 | 80.8% | — | ||
| Q1 25 | 81.2% | — | ||
| Q4 24 | 81.6% | — | ||
| Q3 24 | 82.0% | — | ||
| Q2 24 | 81.0% | — | ||
| Q1 24 | 83.0% | — |
| Q4 25 | -4.4% | 4.7% | ||
| Q3 25 | -5.2% | 2.0% | ||
| Q2 25 | -5.8% | -0.9% | ||
| Q1 25 | -8.1% | 0.5% | ||
| Q4 24 | -6.0% | 0.3% | ||
| Q3 24 | -2.1% | 0.0% | ||
| Q2 24 | -6.5% | -5.1% | ||
| Q1 24 | -8.6% | -5.6% |
| Q4 25 | -0.6% | 3.1% | ||
| Q3 25 | -0.7% | 0.3% | ||
| Q2 25 | -1.8% | -1.1% | ||
| Q1 25 | -3.2% | 0.2% | ||
| Q4 24 | 9.3% | -2.2% | ||
| Q3 24 | 2.5% | -1.9% | ||
| Q2 24 | 2.2% | -7.5% | ||
| Q1 24 | 9.8% | -7.0% |
| Q4 25 | $-0.03 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $-0.11 | — | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.08 | — | ||
| Q2 24 | $0.37 | — | ||
| Q1 24 | $0.00 | — |
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 | $1.1B | $248.6M |
| 总债务越低越好 | $1.8B | $282.8M |
| 股东权益账面价值 | $3.8B | $1.5B |
| 总资产 | $10.1B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.19× |
8季度趋势，按日历期对齐
| Q4 25 | $1.1B | $248.6M | ||
| Q3 25 | $1.1B | $203.9M | ||
| Q2 25 | $1.0B | $188.9M | ||
| Q1 25 | $1.0B | $134.3M | ||
| Q4 24 | $1.6B | $154.6M | ||
| Q3 24 | $853.5M | $102.6M | ||
| Q2 24 | $985.9M | $87.0M | ||
| Q1 24 | $952.5M | $49.5M |
| Q4 25 | $1.8B | $282.8M | ||
| Q3 25 | $1.9B | $284.6M | ||
| Q2 25 | $1.7B | $286.4M | ||
| Q1 25 | $1.7B | $288.2M | ||
| Q4 24 | $1.7B | $290.0M | ||
| Q3 24 | $914.8M | $287.3M | ||
| Q2 24 | $914.0M | $288.0M | ||
| Q1 24 | $1.1B | $288.8M |
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.9B | $1.5B | ||
| Q2 25 | $3.9B | $1.5B | ||
| Q1 25 | $3.9B | $1.5B | ||
| Q4 24 | $3.8B | $1.4B | ||
| Q3 24 | $4.0B | $1.4B | ||
| Q2 24 | $4.1B | $1.4B | ||
| Q1 24 | $4.1B | $1.4B |
| Q4 25 | $10.1B | $2.2B | ||
| Q3 25 | $10.2B | $2.1B | ||
| Q2 25 | $10.1B | $2.1B | ||
| Q1 25 | $9.6B | $2.1B | ||
| Q4 24 | $9.7B | $2.1B | ||
| Q3 24 | $9.0B | $2.1B | ||
| Q2 24 | $9.2B | $2.1B | ||
| Q1 24 | $9.1B | $2.1B |
| Q4 25 | 0.48× | 0.19× | ||
| Q3 25 | 0.48× | 0.19× | ||
| Q2 25 | 0.44× | 0.19× | ||
| Q1 25 | 0.43× | 0.20× | ||
| Q4 24 | 0.44× | 0.20× | ||
| Q3 24 | 0.23× | 0.20× | ||
| Q2 24 | 0.22× | 0.20× | ||
| Q1 24 | 0.28× | 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 | $105.3M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $103.8M | $46.6M |
| 自由现金流率自由现金流/营收 | 25.0% | 12.2% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $378.8M | $110.0M |
8季度趋势，按日历期对齐
| Q4 25 | $105.3M | $57.6M | ||
| Q3 25 | $96.9M | $27.3M | ||
| Q2 25 | $83.8M | $64.4M | ||
| Q1 25 | $99.5M | $-3.1M | ||
| Q4 24 | $78.7M | $62.3M | ||
| Q3 24 | $88.6M | $22.7M | ||
| Q2 24 | $78.6M | $44.1M | ||
| Q1 24 | $66.8M | $-21.8M |
| Q4 25 | $103.8M | $46.6M | ||
| Q3 25 | $95.6M | $17.0M | ||
| Q2 25 | $81.0M | $56.6M | ||
| Q1 25 | $98.4M | $-10.3M | ||
| Q4 24 | $78.3M | $56.0M | ||
| Q3 24 | $88.6M | $17.7M | ||
| Q2 24 | $78.4M | $39.0M | ||
| Q1 24 | $66.8M | $-26.9M |
| Q4 25 | 25.0% | 12.2% | ||
| Q3 25 | 24.1% | 4.7% | ||
| Q2 25 | 21.1% | 16.4% | ||
| Q1 25 | 27.5% | -3.1% | ||
| Q4 24 | 21.6% | 17.2% | ||
| Q3 24 | 24.7% | 5.7% | ||
| Q2 24 | 22.8% | 12.5% | ||
| Q1 24 | 20.7% | -9.0% |
| Q4 25 | 0.4% | 2.9% | ||
| Q3 25 | 0.3% | 2.8% | ||
| Q2 25 | 0.7% | 2.2% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.1% | 1.9% | ||
| Q3 24 | 0.0% | 1.6% | ||
| Q2 24 | 0.1% | 1.6% | ||
| Q1 24 | 0.0% | 1.7% |
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | 9.94× | — | ||
| Q2 24 | 10.35× | — | ||
| Q1 24 | 2.10× | — |
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
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
LFST
暂无分部数据
