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BLACK HILLS CORP（BKH）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
LifeStance Health Group, Inc.的季度营收约是BLACK HILLS CORP的1.6倍（$382.2M vs $241.6M），BLACK HILLS CORP净利率更高（55.1% vs 3.1%，领先52.0%），LifeStance Health Group, Inc.同比增速更快（17.4% vs -3.0%），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs -22.0%）
布莱克山集团是美国多元化能源企业，总部位于南达科他州拉皮德城，名称来源于当地的布莱克山区域。公司主营电力与天然气公用事业，服务覆盖南达科他、蒙大拿、怀俄明、科罗拉多等多个州，电力产品行销整个美国西部地区。
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。
BKH vs LFST — 直观对比
营收规模更大
LFST
是对方的1.6倍
$241.6M
营收增速更快
LFST
高出20.5%
-3.0%
净利率更高
BKH
高出52.0%
3.1%
两年增速更快
LFST
近两年复合增速
-22.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $241.6M | $382.2M |
| 净利润 | $133.1M | $11.7M |
| 毛利率 | — | — |
| 营业利润率 | 83.6% | 4.7% |
| 净利率 | 55.1% | 3.1% |
| 营收同比 | -3.0% | 17.4% |
| 净利润同比 | -2.4% | 264.1% |
| 每股收益（稀释后） | $1.73 | — |
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BKHLFST
| Q1 26 | $241.6M | — | ||
| Q4 25 | $622.7M | $382.2M | ||
| Q3 25 | $427.4M | $363.8M | ||
| Q2 25 | $435.7M | $345.3M | ||
| Q1 25 | $800.4M | $333.0M | ||
| Q4 24 | $585.1M | $325.5M | ||
| Q3 24 | $398.6M | $312.7M | ||
| Q2 24 | $397.1M | $312.3M |
净利润BKHLFST
| Q1 26 | $133.1M | — | ||
| Q4 25 | $104.9M | $11.7M | ||
| Q3 25 | $24.9M | $1.1M | ||
| Q2 25 | $27.5M | $-3.8M | ||
| Q1 25 | $134.3M | $709.0K | ||
| Q4 24 | $98.0M | $-7.1M | ||
| Q3 24 | $24.4M | $-6.0M | ||
| Q2 24 | $22.8M | $-23.3M |
营业利润率BKHLFST
| Q1 26 | 83.6% | — | ||
| Q4 25 | 27.5% | 4.7% | ||
| Q3 25 | 18.4% | 2.0% | ||
| Q2 25 | 18.9% | -0.9% | ||
| Q1 25 | 25.6% | 0.5% | ||
| Q4 24 | 27.9% | 0.3% | ||
| Q3 24 | 19.0% | 0.0% | ||
| Q2 24 | 17.8% | -5.1% |
净利率BKHLFST
| Q1 26 | 55.1% | — | ||
| Q4 25 | 16.8% | 3.1% | ||
| Q3 25 | 5.8% | 0.3% | ||
| Q2 25 | 6.3% | -1.1% | ||
| Q1 25 | 16.8% | 0.2% | ||
| Q4 24 | 16.7% | -2.2% | ||
| Q3 24 | 6.1% | -1.9% | ||
| Q2 24 | 5.7% | -7.5% |
每股收益（稀释后）BKHLFST
| Q1 26 | $1.73 | — | ||
| Q4 25 | $1.39 | — | ||
| Q3 25 | $0.34 | — | ||
| Q2 25 | $0.38 | — | ||
| Q1 25 | $1.87 | — | ||
| Q4 24 | $1.36 | — | ||
| Q3 24 | $0.35 | — | ||
| Q2 24 | $0.33 | — |
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 | — | $248.6M |
| 总债务越低越好 | — | $282.8M |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | — | $2.2B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | $182.8M | $248.6M | ||
| Q3 25 | $21.1M | $203.9M | ||
| Q2 25 | $8.1M | $188.9M | ||
| Q1 25 | $6.6M | $134.3M | ||
| Q4 24 | $16.1M | $154.6M | ||
| Q3 24 | $12.5M | $102.6M | ||
| Q2 24 | $624.8M | $87.0M |
总债务BKHLFST
| Q1 26 | — | — | ||
| 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BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $1.5B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.6B | $1.5B | ||
| Q1 25 | $3.6B | $1.5B | ||
| Q4 24 | $3.5B | $1.4B | ||
| Q3 24 | $3.4B | $1.4B | ||
| Q2 24 | $3.4B | $1.4B |
总资产BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | $10.9B | $2.2B | ||
| Q3 25 | $10.3B | $2.1B | ||
| Q2 25 | $10.1B | $2.1B | ||
| Q1 25 | $10.1B | $2.1B | ||
| Q4 24 | $10.0B | $2.1B | ||
| Q3 24 | $9.7B | $2.1B | ||
| Q2 24 | $10.2B | $2.1B |
负债/权益比BKHLFST
| Q1 26 | — | — | ||
| 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 | — | $46.6M |
| 自由现金流率自由现金流/营收 | — | 12.2% |
| 资本支出强度资本支出/营收 | — | 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 | — | $110.0M |
8季度趋势，按日历期对齐
经营现金流BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | $168.1M | $57.6M | ||
| Q3 25 | $88.9M | $27.3M | ||
| Q2 25 | $188.6M | $64.4M | ||
| Q1 25 | $227.8M | $-3.1M | ||
| Q4 24 | $153.2M | $62.3M | ||
| Q3 24 | $102.1M | $22.7M | ||
| Q2 24 | $230.6M | $44.1M |
自由现金流BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | $-101.5M | $46.6M | ||
| Q3 25 | $-89.5M | $17.0M | ||
| Q2 25 | $-30.3M | $56.6M | ||
| Q1 25 | $74.9M | $-10.3M | ||
| Q4 24 | $-60.5M | $56.0M | ||
| Q3 24 | $-86.0M | $17.7M | ||
| Q2 24 | $64.4M | $39.0M |
自由现金流率BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | -16.3% | 12.2% | ||
| Q3 25 | -20.9% | 4.7% | ||
| Q2 25 | -7.0% | 16.4% | ||
| Q1 25 | 9.4% | -3.1% | ||
| Q4 24 | -10.3% | 17.2% | ||
| Q3 24 | -21.6% | 5.7% | ||
| Q2 24 | 16.2% | 12.5% |
资本支出强度BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | 43.3% | 2.9% | ||
| Q3 25 | 41.7% | 2.8% | ||
| Q2 25 | 50.2% | 2.2% | ||
| Q1 25 | 19.1% | 2.2% | ||
| Q4 24 | 36.5% | 1.9% | ||
| Q3 24 | 47.2% | 1.6% | ||
| Q2 24 | 41.9% | 1.6% |
现金转化率BKHLFST
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | 4.93× | ||
| Q3 25 | 3.57× | 25.34× | ||
| Q2 25 | 6.86× | — | ||
| Q1 25 | 1.70× | -4.36× | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 4.18× | — | ||
| Q2 24 | 10.11× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
