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美商海盗船（CRSR）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
美商海盗船的季度营收约是LifeStance Health Group, Inc.的1.1倍（$436.9M vs $382.2M），美商海盗船净利率更高（5.9% vs 3.1%，领先2.9%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 5.6%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $32.9M），过去两年美商海盗船的营收复合增速更高（13.8% vs 12.8%）
美商海盗船是源自美国的电脑外设与电竞硬件品牌，总部位于加利福尼亚州米尔皮塔斯。公司创立于1994年，原名海盗船微系统，后更名为海盗船组件、海盗船内存，2007年重新在特拉华州注册。主打产品涵盖高速内存模块、电源、闪存、CPU显卡与机箱散热、电竞外设、电脑机箱等各类电脑相关产品。
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。
CRSR vs LFST — 直观对比
营收规模更大
CRSR
是对方的1.1倍
$382.2M
营收增速更快
LFST
高出11.8%
5.6%
净利率更高
CRSR
高出2.9%
3.1%
自由现金流更多
LFST
多$13.7M
$32.9M
两年增速更快
CRSR
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $436.9M | $382.2M |
| 净利润 | $25.8M | $11.7M |
| 毛利率 | 33.1% | — |
| 营业利润率 | 6.2% | 4.7% |
| 净利率 | 5.9% | 3.1% |
| 营收同比 | 5.6% | 17.4% |
| 净利润同比 | 1028.2% | 264.1% |
| 每股收益（稀释后） | $0.23 | — |
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CRSRLFST
| Q4 25 | $436.9M | $382.2M | ||
| Q3 25 | $345.8M | $363.8M | ||
| Q2 25 | $320.1M | $345.3M | ||
| Q1 25 | $369.8M | $333.0M | ||
| Q4 24 | $413.6M | $325.5M | ||
| Q3 24 | $304.2M | $312.7M | ||
| Q2 24 | $261.3M | $312.3M | ||
| Q1 24 | $337.3M | $300.4M |
净利润CRSRLFST
| Q4 25 | $25.8M | $11.7M | ||
| Q3 25 | $-10.6M | $1.1M | ||
| Q2 25 | $-20.9M | $-3.8M | ||
| Q1 25 | $-10.5M | $709.0K | ||
| Q4 24 | $2.3M | $-7.1M | ||
| Q3 24 | $-51.7M | $-6.0M | ||
| Q2 24 | $-24.2M | $-23.3M | ||
| Q1 24 | $-11.6M | $-21.1M |
毛利率CRSRLFST
| Q4 25 | 33.1% | — | ||
| Q3 25 | 26.9% | — | ||
| Q2 25 | 26.8% | — | ||
| Q1 25 | 27.7% | — | ||
| Q4 24 | 26.2% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 24.1% | — | ||
| Q1 24 | 25.7% | — |
营业利润率CRSRLFST
| Q4 25 | 6.2% | 4.7% | ||
| Q3 25 | -1.6% | 2.0% | ||
| Q2 25 | -5.3% | -0.9% | ||
| Q1 25 | -0.6% | 0.5% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | -6.9% | 0.0% | ||
| Q2 24 | -9.5% | -5.1% | ||
| Q1 24 | -3.0% | -5.6% |
净利率CRSRLFST
| Q4 25 | 5.9% | 3.1% | ||
| Q3 25 | -3.1% | 0.3% | ||
| Q2 25 | -6.5% | -1.1% | ||
| Q1 25 | -2.8% | 0.2% | ||
| Q4 24 | 0.6% | -2.2% | ||
| Q3 24 | -17.0% | -1.9% | ||
| Q2 24 | -9.3% | -7.5% | ||
| Q1 24 | -3.4% | -7.0% |
每股收益（稀释后）CRSRLFST
| Q4 25 | $0.23 | — | ||
| Q3 25 | $-0.09 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.56 | — | ||
| Q2 24 | $-0.28 | — | ||
| Q1 24 | $-0.12 | — |
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 | $121.3M | $282.8M |
| 股东权益账面价值 | $633.6M | $1.5B |
| 总资产 | $1.3B | $2.2B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资CRSRLFST
| Q4 25 | — | $248.6M | ||
| Q3 25 | — | $203.9M | ||
| Q2 25 | — | $188.9M | ||
| Q1 25 | — | $134.3M | ||
| Q4 24 | — | $154.6M | ||
| Q3 24 | — | $102.6M | ||
| Q2 24 | — | $87.0M | ||
| Q1 24 | — | $49.5M |
总债务CRSRLFST
| Q4 25 | $121.3M | $282.8M | ||
| Q3 25 | $122.9M | $284.6M | ||
| Q2 25 | $124.4M | $286.4M | ||
| Q1 25 | $148.7M | $288.2M | ||
| Q4 24 | $173.5M | $290.0M | ||
| Q3 24 | $177.2M | $287.3M | ||
| Q2 24 | $180.3M | $288.0M | ||
| Q1 24 | $183.3M | $288.8M |
股东权益CRSRLFST
| Q4 25 | $633.6M | $1.5B | ||
| Q3 25 | $600.2M | $1.5B | ||
| Q2 25 | $603.9M | $1.5B | ||
| Q1 25 | $608.8M | $1.5B | ||
| Q4 24 | $604.3M | $1.4B | ||
| Q3 24 | $598.5M | $1.4B | ||
| Q2 24 | $642.7M | $1.4B | ||
| Q1 24 | $663.5M | $1.4B |
总资产CRSRLFST
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.2B | $2.1B | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.3B | $2.1B |
负债/权益比CRSRLFST
| Q4 25 | 0.19× | 0.19× | ||
| Q3 25 | 0.20× | 0.19× | ||
| Q2 25 | 0.21× | 0.19× | ||
| Q1 25 | 0.24× | 0.20× | ||
| Q4 24 | 0.29× | 0.20× | ||
| Q3 24 | 0.30× | 0.20× | ||
| Q2 24 | 0.28× | 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 | $38.2M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $32.9M | $46.6M |
| 自由现金流率自由现金流/营收 | 7.5% | 12.2% |
| 资本支出强度资本支出/营收 | 1.2% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.48× | 4.93× |
| 过去12个月自由现金流最近4个季度 | $34.7M | $110.0M |
8季度趋势，按日历期对齐
经营现金流CRSRLFST
| Q4 25 | $38.2M | $57.6M | ||
| Q3 25 | $-37.0M | $27.3M | ||
| Q2 25 | $30.2M | $64.4M | ||
| Q1 25 | $18.8M | $-3.1M | ||
| Q4 24 | $55.6M | $62.3M | ||
| Q3 24 | $25.1M | $22.7M | ||
| Q2 24 | $-18.5M | $44.1M | ||
| Q1 24 | $-26.3M | $-21.8M |
自由现金流CRSRLFST
| Q4 25 | $32.9M | $46.6M | ||
| Q3 25 | $-41.3M | $17.0M | ||
| Q2 25 | $27.5M | $56.6M | ||
| Q1 25 | $15.7M | $-10.3M | ||
| Q4 24 | $54.1M | $56.0M | ||
| Q3 24 | $21.8M | $17.7M | ||
| Q2 24 | $-21.0M | $39.0M | ||
| Q1 24 | $-28.8M | $-26.9M |
自由现金流率CRSRLFST
| Q4 25 | 7.5% | 12.2% | ||
| Q3 25 | -12.0% | 4.7% | ||
| Q2 25 | 8.6% | 16.4% | ||
| Q1 25 | 4.2% | -3.1% | ||
| Q4 24 | 13.1% | 17.2% | ||
| Q3 24 | 7.2% | 5.7% | ||
| Q2 24 | -8.0% | 12.5% | ||
| Q1 24 | -8.6% | -9.0% |
资本支出强度CRSRLFST
| Q4 25 | 1.2% | 2.9% | ||
| Q3 25 | 1.3% | 2.8% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.8% | 2.2% | ||
| Q4 24 | 0.4% | 1.9% | ||
| Q3 24 | 1.1% | 1.6% | ||
| Q2 24 | 1.0% | 1.6% | ||
| Q1 24 | 0.7% | 1.7% |
现金转化率CRSRLFST
| Q4 25 | 1.48× | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | 24.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
CRSR
| Gamer And Creator Peripherals | $164.9M | 38% |
| Memory Products | $156.1M | 36% |
| Inventory Costs | $85.6M | 20% |
| Other Segment Items | $16.9M | 4% |
| Other | $13.3M | 3% |
LFST
暂无分部数据
