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Enphase Energy（ENPH）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Enphase Energy的1.4倍（$382.2M vs $282.9M），LifeStance Health Group, Inc.净利率更高（3.1% vs -2.6%，领先5.7%），LifeStance Health Group, Inc.同比增速更快（17.4% vs -20.6%），Enphase Energy自由现金流更多（$83.0M vs $46.6M），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs -3.4%）
Enphase Energy是总部位于美国加利福尼亚州弗里蒙特的能源科技企业，成立于2006年，是全球首家成功实现光伏微型逆变器商业化的企业，主要面向住宅用户研发生产光伏微型逆变器、储能电池及电动汽车充电桩。
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。
ENPH vs LFST — 直观对比
营收规模更大
LFST
是对方的1.4倍
$282.9M
营收增速更快
LFST
高出38.0%
-20.6%
净利率更高
LFST
高出5.7%
-2.6%
自由现金流更多
ENPH
多$36.3M
$46.6M
两年增速更快
LFST
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.9M | $382.2M |
| 净利润 | $-7.4M | $11.7M |
| 毛利率 | 35.5% | — |
| 营业利润率 | 54.0% | 4.7% |
| 净利率 | -2.6% | 3.1% |
| 营收同比 | -20.6% | 17.4% |
| 净利润同比 | -124.9% | 264.1% |
| 每股收益（稀释后） | $-0.06 | — |
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ENPHLFST
| Q1 26 | $282.9M | — | ||
| Q4 25 | $343.3M | $382.2M | ||
| Q3 25 | $410.4M | $363.8M | ||
| Q2 25 | $363.2M | $345.3M | ||
| Q1 25 | $356.1M | $333.0M | ||
| Q4 24 | $382.7M | $325.5M | ||
| Q3 24 | $380.9M | $312.7M | ||
| Q2 24 | $303.5M | $312.3M |
净利润ENPHLFST
| Q1 26 | $-7.4M | — | ||
| Q4 25 | $38.7M | $11.7M | ||
| Q3 25 | $66.6M | $1.1M | ||
| Q2 25 | $37.1M | $-3.8M | ||
| Q1 25 | $29.7M | $709.0K | ||
| Q4 24 | $62.2M | $-7.1M | ||
| Q3 24 | $45.8M | $-6.0M | ||
| Q2 24 | $10.8M | $-23.3M |
毛利率ENPHLFST
| Q1 26 | 35.5% | — | ||
| Q4 25 | 44.3% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 46.9% | — | ||
| Q1 25 | 47.2% | — | ||
| Q4 24 | 51.8% | — | ||
| Q3 24 | 46.8% | — | ||
| Q2 24 | 45.2% | — |
营业利润率ENPHLFST
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 4.7% | ||
| Q3 25 | 16.1% | 2.0% | ||
| Q2 25 | 10.2% | -0.9% | ||
| Q1 25 | 9.0% | 0.5% | ||
| Q4 24 | 14.3% | 0.3% | ||
| Q3 24 | 13.1% | 0.0% | ||
| Q2 24 | 0.6% | -5.1% |
净利率ENPHLFST
| Q1 26 | -2.6% | — | ||
| Q4 25 | 11.3% | 3.1% | ||
| Q3 25 | 16.2% | 0.3% | ||
| Q2 25 | 10.2% | -1.1% | ||
| Q1 25 | 8.3% | 0.2% | ||
| Q4 24 | 16.2% | -2.2% | ||
| Q3 24 | 12.0% | -1.9% | ||
| Q2 24 | 3.6% | -7.5% |
每股收益（稀释后）ENPHLFST
| Q1 26 | $-0.06 | — | ||
| Q4 25 | $0.29 | — | ||
| Q3 25 | $0.50 | — | ||
| Q2 25 | $0.28 | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.46 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 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 | $497.5M | $248.6M |
| 总债务越低越好 | — | $282.8M |
| 股东权益账面价值 | $1.1B | $1.5B |
| 总资产 | $2.7B | $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ENPHLFST
| Q1 26 | $497.5M | — | ||
| Q4 25 | $1.5B | $248.6M | ||
| Q3 25 | $1.5B | $203.9M | ||
| Q2 25 | $1.5B | $188.9M | ||
| Q1 25 | $1.5B | $134.3M | ||
| Q4 24 | $1.6B | $154.6M | ||
| Q3 24 | $1.8B | $102.6M | ||
| Q2 24 | $1.6B | $87.0M |
总债务ENPHLFST
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $282.8M | ||
| Q3 25 | $1.2B | $284.6M | ||
| Q2 25 | $1.2B | $286.4M | ||
| Q1 25 | $1.2B | $288.2M | ||
| Q4 24 | $1.3B | $290.0M | ||
| Q3 24 | $1.3B | $287.3M | ||
| Q2 24 | $1.3B | $288.0M |
股东权益ENPHLFST
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $995.0M | $1.5B | ||
| Q2 25 | $880.6M | $1.5B | ||
| Q1 25 | $810.7M | $1.5B | ||
| Q4 24 | $833.0M | $1.4B | ||
| Q3 24 | $931.4M | $1.4B | ||
| Q2 24 | $884.5M | $1.4B |
总资产ENPHLFST
| Q1 26 | $2.7B | — | ||
| Q4 25 | $3.5B | $2.2B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.2B | $2.1B | ||
| Q3 24 | $3.3B | $2.1B | ||
| Q2 24 | $3.2B | $2.1B |
负债/权益比ENPHLFST
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | 0.19× | ||
| Q3 25 | 1.21× | 0.19× | ||
| Q2 25 | 1.37× | 0.19× | ||
| Q1 25 | 1.48× | 0.20× | ||
| Q4 24 | 1.56× | 0.20× | ||
| Q3 24 | 1.40× | 0.20× | ||
| Q2 24 | 1.47× | 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 | $102.9M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $46.6M |
| 自由现金流率自由现金流/营收 | 29.3% | 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 | $145.1M | $110.0M |
8季度趋势，按日历期对齐
经营现金流ENPHLFST
| Q1 26 | $102.9M | — | ||
| Q4 25 | $47.6M | $57.6M | ||
| Q3 25 | $13.9M | $27.3M | ||
| Q2 25 | $26.6M | $64.4M | ||
| Q1 25 | $48.4M | $-3.1M | ||
| Q4 24 | $167.3M | $62.3M | ||
| Q3 24 | $170.1M | $22.7M | ||
| Q2 24 | $127.1M | $44.1M |
自由现金流ENPHLFST
| Q1 26 | $83.0M | — | ||
| Q4 25 | $37.8M | $46.6M | ||
| Q3 25 | $5.9M | $17.0M | ||
| Q2 25 | $18.4M | $56.6M | ||
| Q1 25 | $33.8M | $-10.3M | ||
| Q4 24 | $159.2M | $56.0M | ||
| Q3 24 | $161.6M | $17.7M | ||
| Q2 24 | $117.4M | $39.0M |
自由现金流率ENPHLFST
| Q1 26 | 29.3% | — | ||
| Q4 25 | 11.0% | 12.2% | ||
| Q3 25 | 1.4% | 4.7% | ||
| Q2 25 | 5.1% | 16.4% | ||
| Q1 25 | 9.5% | -3.1% | ||
| Q4 24 | 41.6% | 17.2% | ||
| Q3 24 | 42.4% | 5.7% | ||
| Q2 24 | 38.7% | 12.5% |
资本支出强度ENPHLFST
| Q1 26 | — | — | ||
| Q4 25 | 2.8% | 2.9% | ||
| Q3 25 | 2.0% | 2.8% | ||
| Q2 25 | 2.3% | 2.2% | ||
| Q1 25 | 4.1% | 2.2% | ||
| Q4 24 | 2.1% | 1.9% | ||
| Q3 24 | 2.2% | 1.6% | ||
| Q2 24 | 3.2% | 1.6% |
现金转化率ENPHLFST
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 4.93× | ||
| Q3 25 | 0.21× | 25.34× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | -4.36× | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | — | ||
| Q2 24 | 11.73× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
