vs
鲍德温（BWIN）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.的季度营收约是鲍德温的1.1倍（$382.2M vs $347.3M），LifeStance Health Group, Inc.净利率更高（3.1% vs -7.5%，领先10.6%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 5.3%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $-68.9M），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs -4.4%）
鲍德温钢琴是美国知名钢琴品牌，曾是美国最大的键盘乐器制造商，主打 slogan 为「美国人最喜爱的钢琴」。2001年起成为吉普森品牌旗下子公司，2008年12月停止美国本土生产，将钢琴制造生产线迁至中国。
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。
BWIN vs LFST — 直观对比
营收规模更大
LFST
是对方的1.1倍
$347.3M
营收增速更快
LFST
高出12.2%
5.3%
净利率更高
LFST
高出10.6%
-7.5%
自由现金流更多
LFST
多$115.6M
$-68.9M
两年增速更快
LFST
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $382.2M |
| 净利润 | $-25.9M | $11.7M |
| 毛利率 | — | — |
| 营业利润率 | -3.8% | 4.7% |
| 净利率 | -7.5% | 3.1% |
| 营收同比 | 5.3% | 17.4% |
| 净利润同比 | -28.3% | 264.1% |
| 每股收益（稀释后） | $-0.38 | — |
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BWINLFST
| Q4 25 | $347.3M | $382.2M | ||
| Q3 25 | $365.4M | $363.8M | ||
| Q2 25 | $378.8M | $345.3M | ||
| Q1 25 | $413.4M | $333.0M | ||
| Q4 24 | $329.9M | $325.5M | ||
| Q3 24 | $338.9M | $312.7M | ||
| Q2 24 | $339.8M | $312.3M | ||
| Q1 24 | $380.4M | $300.4M |
净利润BWINLFST
| Q4 25 | $-25.9M | $11.7M | ||
| Q3 25 | $-18.7M | $1.1M | ||
| Q2 25 | $-3.2M | $-3.8M | ||
| Q1 25 | $13.9M | $709.0K | ||
| Q4 24 | $-20.2M | $-7.1M | ||
| Q3 24 | $-8.4M | $-6.0M | ||
| Q2 24 | $-17.6M | $-23.3M | ||
| Q1 24 | $21.6M | $-21.1M |
营业利润率BWINLFST
| Q4 25 | -3.8% | 4.7% | ||
| Q3 25 | 0.9% | 2.0% | ||
| Q2 25 | 7.4% | -0.9% | ||
| Q1 25 | 13.6% | 0.5% | ||
| Q4 24 | -1.7% | 0.3% | ||
| Q3 24 | 4.5% | 0.0% | ||
| Q2 24 | 4.8% | -5.1% | ||
| Q1 24 | 9.0% | -5.6% |
净利率BWINLFST
| Q4 25 | -7.5% | 3.1% | ||
| Q3 25 | -5.1% | 0.3% | ||
| Q2 25 | -0.8% | -1.1% | ||
| Q1 25 | 3.4% | 0.2% | ||
| Q4 24 | -6.2% | -2.2% | ||
| Q3 24 | -2.5% | -1.9% | ||
| Q2 24 | -5.2% | -7.5% | ||
| Q1 24 | 5.7% | -7.0% |
每股收益（稀释后）BWINLFST
| Q4 25 | $-0.38 | — | ||
| Q3 25 | $-0.27 | — | ||
| Q2 25 | $-0.05 | — | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | $-0.31 | — | ||
| Q3 24 | $-0.13 | — | ||
| Q2 24 | $-0.28 | — | ||
| Q1 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 | $123.7M | $248.6M |
| 总债务越低越好 | — | $282.8M |
| 股东权益账面价值 | $600.2M | $1.5B |
| 总资产 | $3.9B | $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BWINLFST
| Q4 25 | $123.7M | $248.6M | ||
| Q3 25 | $89.7M | $203.9M | ||
| Q2 25 | $105.7M | $188.9M | ||
| Q1 25 | $81.8M | $134.3M | ||
| Q4 24 | $90.0M | $154.6M | ||
| Q3 24 | $181.8M | $102.6M | ||
| Q2 24 | $208.3M | $87.0M | ||
| Q1 24 | $112.1M | $49.5M |
总债务BWINLFST
| 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 | ||
| Q1 24 | — | $288.8M |
股东权益BWINLFST
| Q4 25 | $600.2M | $1.5B | ||
| Q3 25 | $619.7M | $1.5B | ||
| Q2 25 | $630.8M | $1.5B | ||
| Q1 25 | $619.6M | $1.5B | ||
| Q4 24 | $583.2M | $1.4B | ||
| Q3 24 | $595.4M | $1.4B | ||
| Q2 24 | $590.9M | $1.4B | ||
| Q1 24 | $597.9M | $1.4B |
总资产BWINLFST
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.7B | $2.1B | ||
| Q1 25 | $3.5B | $2.1B | ||
| Q4 24 | $3.5B | $2.1B | ||
| Q3 24 | $3.5B | $2.1B | ||
| Q2 24 | $3.7B | $2.1B | ||
| Q1 24 | $3.5B | $2.1B |
负债/权益比BWINLFST
| 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× | ||
| Q1 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 | $-29.4M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | $46.6M |
| 自由现金流率自由现金流/营收 | -19.9% | 12.2% |
| 资本支出强度资本支出/营收 | 11.4% | 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 | $-137.8M | $110.0M |
8季度趋势，按日历期对齐
经营现金流BWINLFST
| Q4 25 | $-29.4M | $57.6M | ||
| Q3 25 | $41.0M | $27.3M | ||
| Q2 25 | $-16.7M | $64.4M | ||
| Q1 25 | $-64.0M | $-3.1M | ||
| Q4 24 | $51.5M | $62.3M | ||
| Q3 24 | $32.4M | $22.7M | ||
| Q2 24 | $18.3M | $44.1M | ||
| Q1 24 | $3.0M | $-21.8M |
自由现金流BWINLFST
| Q4 25 | $-68.9M | $46.6M | ||
| Q3 25 | $32.2M | $17.0M | ||
| Q2 25 | $-28.1M | $56.6M | ||
| Q1 25 | $-72.9M | $-10.3M | ||
| Q4 24 | $10.4M | $56.0M | ||
| Q3 24 | $22.2M | $17.7M | ||
| Q2 24 | $7.8M | $39.0M | ||
| Q1 24 | $-5.1M | $-26.9M |
自由现金流率BWINLFST
| Q4 25 | -19.9% | 12.2% | ||
| Q3 25 | 8.8% | 4.7% | ||
| Q2 25 | -7.4% | 16.4% | ||
| Q1 25 | -17.6% | -3.1% | ||
| Q4 24 | 3.2% | 17.2% | ||
| Q3 24 | 6.6% | 5.7% | ||
| Q2 24 | 2.3% | 12.5% | ||
| Q1 24 | -1.4% | -9.0% |
资本支出强度BWINLFST
| Q4 25 | 11.4% | 2.9% | ||
| Q3 25 | 2.4% | 2.8% | ||
| Q2 25 | 3.0% | 2.2% | ||
| Q1 25 | 2.2% | 2.2% | ||
| Q4 24 | 12.4% | 1.9% | ||
| Q3 24 | 3.0% | 1.6% | ||
| Q2 24 | 3.1% | 1.6% | ||
| Q1 24 | 2.1% | 1.7% |
现金转化率BWINLFST
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.59× | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.14× | — |
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
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
LFST
暂无分部数据
