vs
Dutch Bros Inc.（BROS）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
Dutch Bros Inc.的季度营收约是LifeStance Health Group, Inc.的1.2倍（$443.6M vs $382.2M），Dutch Bros Inc.净利率更高（4.8% vs 3.1%，领先1.8%），Dutch Bros Inc.同比增速更快（29.4% vs 17.4%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $8.5M），过去两年Dutch Bros Inc.的营收复合增速更高（27.0% vs 12.8%）
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
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。
BROS vs LFST — 直观对比
营收规模更大
BROS
是对方的1.2倍
$382.2M
营收增速更快
BROS
高出12.0%
17.4%
净利率更高
BROS
高出1.8%
3.1%
自由现金流更多
LFST
多$38.2M
$8.5M
两年增速更快
BROS
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $443.6M | $382.2M |
| 净利润 | $21.4M | $11.7M |
| 毛利率 | 24.1% | — |
| 营业利润率 | 7.7% | 4.7% |
| 净利率 | 4.8% | 3.1% |
| 营收同比 | 29.4% | 17.4% |
| 净利润同比 | 491.6% | 264.1% |
| 每股收益（稀释后） | $0.17 | — |
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BROSLFST
| Q4 25 | $443.6M | $382.2M | ||
| Q3 25 | $423.6M | $363.8M | ||
| Q2 25 | $415.8M | $345.3M | ||
| Q1 25 | $355.2M | $333.0M | ||
| Q4 24 | $342.8M | $325.5M | ||
| Q3 24 | $338.2M | $312.7M | ||
| Q2 24 | $324.9M | $312.3M | ||
| Q1 24 | $275.1M | $300.4M |
净利润BROSLFST
| Q4 25 | $21.4M | $11.7M | ||
| Q3 25 | $17.5M | $1.1M | ||
| Q2 25 | $25.6M | $-3.8M | ||
| Q1 25 | $15.4M | $709.0K | ||
| Q4 24 | $3.6M | $-7.1M | ||
| Q3 24 | $12.6M | $-6.0M | ||
| Q2 24 | $11.9M | $-23.3M | ||
| Q1 24 | $7.1M | $-21.1M |
毛利率BROSLFST
| Q4 25 | 24.1% | — | ||
| Q3 25 | 25.2% | — | ||
| Q2 25 | 28.9% | — | ||
| Q1 25 | 25.3% | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 26.6% | — | ||
| Q2 24 | 27.8% | — | ||
| Q1 24 | 26.1% | — |
营业利润率BROSLFST
| Q4 25 | 7.7% | 4.7% | ||
| Q3 25 | 9.8% | 2.0% | ||
| Q2 25 | 13.1% | -0.9% | ||
| Q1 25 | 8.7% | 0.5% | ||
| Q4 24 | 4.6% | 0.3% | ||
| Q3 24 | 9.6% | 0.0% | ||
| Q2 24 | 9.9% | -5.1% | ||
| Q1 24 | 9.3% | -5.6% |
净利率BROSLFST
| Q4 25 | 4.8% | 3.1% | ||
| Q3 25 | 4.1% | 0.3% | ||
| Q2 25 | 6.2% | -1.1% | ||
| Q1 25 | 4.3% | 0.2% | ||
| Q4 24 | 1.1% | -2.2% | ||
| Q3 24 | 3.7% | -1.9% | ||
| Q2 24 | 3.7% | -7.5% | ||
| Q1 24 | 2.6% | -7.0% |
每股收益（稀释后）BROSLFST
| Q4 25 | $0.17 | — | ||
| Q3 25 | $0.14 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $0.13 | — | ||
| Q4 24 | $0.03 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $0.12 | — | ||
| Q1 24 | $0.08 | — |
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 | $269.4M | $248.6M |
| 总债务越低越好 | $202.5M | $282.8M |
| 股东权益账面价值 | $680.8M | $1.5B |
| 总资产 | $3.0B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资BROSLFST
| Q4 25 | $269.4M | $248.6M | ||
| Q3 25 | $267.2M | $203.9M | ||
| Q2 25 | $254.4M | $188.9M | ||
| Q1 25 | $316.4M | $134.3M | ||
| Q4 24 | $293.4M | $154.6M | ||
| Q3 24 | $281.1M | $102.6M | ||
| Q2 24 | $260.9M | $87.0M | ||
| Q1 24 | $262.7M | $49.5M |
总债务BROSLFST
| Q4 25 | $202.5M | $282.8M | ||
| Q3 25 | $202.3M | $284.6M | ||
| Q2 25 | $203.3M | $286.4M | ||
| Q1 25 | $284.2M | $288.2M | ||
| Q4 24 | $238.0M | $290.0M | ||
| Q3 24 | $241.2M | $287.3M | ||
| Q2 24 | $244.3M | $288.0M | ||
| Q1 24 | $247.5M | $288.8M |
股东权益BROSLFST
| Q4 25 | $680.8M | $1.5B | ||
| Q3 25 | $656.6M | $1.5B | ||
| Q2 25 | $636.2M | $1.5B | ||
| Q1 25 | $599.1M | $1.5B | ||
| Q4 24 | $537.4M | $1.4B | ||
| Q3 24 | $523.1M | $1.4B | ||
| Q2 24 | $509.1M | $1.4B | ||
| Q1 24 | $417.1M | $1.4B |
总资产BROSLFST
| Q4 25 | $3.0B | $2.2B | ||
| Q3 25 | $2.9B | $2.1B | ||
| Q2 25 | $2.8B | $2.1B | ||
| Q1 25 | $2.8B | $2.1B | ||
| Q4 24 | $2.5B | $2.1B | ||
| Q3 24 | $2.4B | $2.1B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.1B | $2.1B |
负债/权益比BROSLFST
| Q4 25 | 0.30× | 0.19× | ||
| Q3 25 | 0.31× | 0.19× | ||
| Q2 25 | 0.32× | 0.19× | ||
| Q1 25 | 0.47× | 0.20× | ||
| Q4 24 | 0.44× | 0.20× | ||
| Q3 24 | 0.46× | 0.20× | ||
| Q2 24 | 0.48× | 0.20× | ||
| Q1 24 | 0.59× | 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 | $79.6M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $8.5M | $46.6M |
| 自由现金流率自由现金流/营收 | 1.9% | 12.2% |
| 资本支出强度资本支出/营收 | 16.0% | 2.9% |
| 现金转化率经营现金流/净利润 | 3.73× | 4.93× |
| 过去12个月自由现金流最近4个季度 | $54.4M | $110.0M |
8季度趋势，按日历期对齐
经营现金流BROSLFST
| Q4 25 | $79.6M | $57.6M | ||
| Q3 25 | $89.1M | $27.3M | ||
| Q2 25 | $89.9M | $64.4M | ||
| Q1 25 | $36.9M | $-3.1M | ||
| Q4 24 | $62.2M | $62.3M | ||
| Q3 24 | $83.5M | $22.7M | ||
| Q2 24 | $59.5M | $44.1M | ||
| Q1 24 | $41.2M | $-21.8M |
自由现金流BROSLFST
| Q4 25 | $8.5M | $46.6M | ||
| Q3 25 | $18.9M | $17.0M | ||
| Q2 25 | $35.7M | $56.6M | ||
| Q1 25 | $-8.7M | $-10.3M | ||
| Q4 24 | $19.5M | $56.0M | ||
| Q3 24 | $26.4M | $17.7M | ||
| Q2 24 | $-4.9M | $39.0M | ||
| Q1 24 | $-16.3M | $-26.9M |
自由现金流率BROSLFST
| Q4 25 | 1.9% | 12.2% | ||
| Q3 25 | 4.5% | 4.7% | ||
| Q2 25 | 8.6% | 16.4% | ||
| Q1 25 | -2.4% | -3.1% | ||
| Q4 24 | 5.7% | 17.2% | ||
| Q3 24 | 7.8% | 5.7% | ||
| Q2 24 | -1.5% | 12.5% | ||
| Q1 24 | -5.9% | -9.0% |
资本支出强度BROSLFST
| Q4 25 | 16.0% | 2.9% | ||
| Q3 25 | 16.6% | 2.8% | ||
| Q2 25 | 13.0% | 2.2% | ||
| Q1 25 | 12.8% | 2.2% | ||
| Q4 24 | 12.5% | 1.9% | ||
| Q3 24 | 16.9% | 1.6% | ||
| Q2 24 | 19.8% | 1.6% | ||
| Q1 24 | 20.9% | 1.7% |
现金转化率BROSLFST
| Q4 25 | 3.73× | 4.93× | ||
| Q3 25 | 5.09× | 25.34× | ||
| Q2 25 | 3.51× | — | ||
| Q1 25 | 2.40× | -4.36× | ||
| Q4 24 | 17.23× | — | ||
| Q3 24 | 6.60× | — | ||
| Q2 24 | 4.99× | — | ||
| Q1 24 | 5.83× | — |
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
BROS
| Company Operated Shops | $409.6M | 92% |
| Franchise Fees | $32.3M | 7% |
| Other | $1.8M | 0% |
LFST
暂无分部数据
