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Freedom Holding Corp.（FRHC）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
Freedom Holding Corp.的季度营收约是LifeStance Health Group, Inc.的1.6倍（$628.6M vs $382.2M），Freedom Holding Corp.净利率更高（12.1% vs 3.1%，领先9.1%），LifeStance Health Group, Inc.同比增速更快（17.4% vs -4.1%），Freedom Holding Corp.自由现金流更多（$651.7M vs $46.6M），过去两年Freedom Holding Corp.的营收复合增速更高（16.3% vs 12.8%）
Freedom Holding Corp.是在美国内华达州注册的投资集团，业务覆盖零售证券经纪交易、资产管理、资本市场服务、投研咨询、投行承销、抵押贷款、保险、银行及其他消费金融服务，核心布局美股、欧洲及以哈萨克斯坦为核心的中亚市场。
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。
FRHC vs LFST — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $628.6M | $382.2M |
| 净利润 | $76.2M | $11.7M |
| 毛利率 | 96.0% | — |
| 营业利润率 | 14.9% | 4.7% |
| 净利率 | 12.1% | 3.1% |
| 营收同比 | -4.1% | 17.4% |
| 净利润同比 | -2.6% | 264.1% |
| 每股收益（稀释后） | $1.25 | — |
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
| Q4 25 | $628.6M | $382.2M | ||
| Q3 25 | $526.1M | $363.8M | ||
| Q2 25 | $533.4M | $345.3M | ||
| Q1 25 | $363.7M | $333.0M | ||
| Q4 24 | $655.2M | $325.5M | ||
| Q3 24 | $580.9M | $312.7M | ||
| Q2 24 | $450.7M | $312.3M | ||
| Q1 24 | $464.7M | $300.4M |
| Q4 25 | $76.2M | $11.7M | ||
| Q3 25 | $38.7M | $1.1M | ||
| Q2 25 | $30.4M | $-3.8M | ||
| Q1 25 | $-142.7M | $709.0K | ||
| Q4 24 | $78.3M | $-7.1M | ||
| Q3 24 | $114.7M | $-6.0M | ||
| Q2 24 | $34.4M | $-23.3M | ||
| Q1 24 | $95.2M | $-21.1M |
| Q4 25 | 96.0% | — | ||
| Q3 25 | 97.1% | — | ||
| Q2 25 | 97.4% | — | ||
| Q1 25 | 96.6% | — | ||
| Q4 24 | 98.6% | — | ||
| Q3 24 | 99.1% | — | ||
| Q2 24 | 99.0% | — | ||
| Q1 24 | — | — |
| Q4 25 | 14.9% | 4.7% | ||
| Q3 25 | 11.5% | 2.0% | ||
| Q2 25 | 7.6% | -0.9% | ||
| Q1 25 | -42.7% | 0.5% | ||
| Q4 24 | 15.0% | 0.3% | ||
| Q3 24 | 22.1% | 0.0% | ||
| Q2 24 | 9.2% | -5.1% | ||
| Q1 24 | 22.5% | -5.6% |
| Q4 25 | 12.1% | 3.1% | ||
| Q3 25 | 7.4% | 0.3% | ||
| Q2 25 | 5.7% | -1.1% | ||
| Q1 25 | -39.2% | 0.2% | ||
| Q4 24 | 11.9% | -2.2% | ||
| Q3 24 | 19.7% | -1.9% | ||
| Q2 24 | 7.6% | -7.5% | ||
| Q1 24 | 20.5% | -7.0% |
| Q4 25 | $1.25 | — | ||
| Q3 25 | $0.63 | — | ||
| Q2 25 | $0.50 | — | ||
| Q1 25 | $-2.35 | — | ||
| Q4 24 | $1.29 | — | ||
| Q3 24 | $1.89 | — | ||
| Q2 24 | $0.57 | — | ||
| Q1 24 | $1.60 | — |
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 | $869.2M | $248.6M |
| 总债务越低越好 | — | $282.8M |
| 股东权益账面价值 | $1.4B | $1.5B |
| 总资产 | $12.4B | $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
| Q4 25 | $869.2M | $248.6M | ||
| Q3 25 | $636.0M | $203.9M | ||
| Q2 25 | $567.9M | $188.9M | ||
| Q1 25 | $837.3M | $134.3M | ||
| Q4 24 | $577.9M | $154.6M | ||
| Q3 24 | $569.2M | $102.6M | ||
| Q2 24 | $718.7M | $87.0M | ||
| Q1 24 | $545.1M | $49.5M |
| 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 |
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.2B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | $12.4B | $2.2B | ||
| Q3 25 | $10.3B | $2.1B | ||
| Q2 25 | $9.7B | $2.1B | ||
| Q1 25 | $9.9B | $2.1B | ||
| Q4 24 | $9.1B | $2.1B | ||
| Q3 24 | $8.8B | $2.1B | ||
| Q2 24 | $8.5B | $2.1B | ||
| Q1 24 | $8.3B | $2.1B |
| 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 | $717.8M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $651.7M | $46.6M |
| 自由现金流率自由现金流/营收 | 103.7% | 12.2% |
| 资本支出强度资本支出/营收 | 10.5% | 2.9% |
| 现金转化率经营现金流/净利润 | 9.42× | 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
| Q4 25 | $717.8M | $57.6M | ||
| Q3 25 | $535.3M | $27.3M | ||
| Q2 25 | $480.8M | $64.4M | ||
| Q1 25 | $1.3B | $-3.1M | ||
| Q4 24 | $-72.8M | $62.3M | ||
| Q3 24 | $-438.0M | $22.7M | ||
| Q2 24 | $854.1M | $44.1M | ||
| Q1 24 | $309.0M | $-21.8M |
| Q4 25 | $651.7M | $46.6M | ||
| Q3 25 | $456.4M | $17.0M | ||
| Q2 25 | $450.0M | $56.6M | ||
| Q1 25 | — | $-10.3M | ||
| Q4 24 | $-92.7M | $56.0M | ||
| Q3 24 | $-447.5M | $17.7M | ||
| Q2 24 | $829.9M | $39.0M | ||
| Q1 24 | — | $-26.9M |
| Q4 25 | 103.7% | 12.2% | ||
| Q3 25 | 86.7% | 4.7% | ||
| Q2 25 | 84.4% | 16.4% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | -14.1% | 17.2% | ||
| Q3 24 | -77.0% | 5.7% | ||
| Q2 24 | 184.1% | 12.5% | ||
| Q1 24 | — | -9.0% |
| Q4 25 | 10.5% | 2.9% | ||
| Q3 25 | 15.0% | 2.8% | ||
| Q2 25 | 5.8% | 2.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 3.0% | 1.9% | ||
| Q3 24 | 1.6% | 1.6% | ||
| Q2 24 | 5.4% | 1.6% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 9.42× | 4.93× | ||
| Q3 25 | 13.82× | 25.34× | ||
| Q2 25 | 15.82× | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | -0.93× | — | ||
| Q3 24 | -3.82× | — | ||
| Q2 24 | 24.83× | — | ||
| Q1 24 | 3.24× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
