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Hess Midstream LP（HESM）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
Hess Midstream LP的季度营收约是LifeStance Health Group, Inc.的1.1倍（$404.2M vs $382.2M），Hess Midstream LP净利率更高（23.1% vs 3.1%，领先20.0%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 2.1%），Hess Midstream LP自由现金流更多（$178.9M vs $46.6M），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 6.6%）
赫斯是美国全球化独立能源企业，主要从事原油与天然气的勘探、生产业务。公司于1968年由赫斯石油化工和阿美拉达石油合并成立，2023年10月同意被雪佛龙收购，相关交易已于2025年7月完成交割。
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。
HESM vs LFST — 直观对比
营收规模更大
HESM
是对方的1.1倍
$382.2M
营收增速更快
LFST
高出15.3%
2.1%
净利率更高
HESM
高出20.0%
3.1%
自由现金流更多
HESM
多$132.3M
$46.6M
两年增速更快
LFST
近两年复合增速
6.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $404.2M | $382.2M |
| 净利润 | $93.3M | $11.7M |
| 毛利率 | — | — |
| 营业利润率 | 62.2% | 4.7% |
| 净利率 | 23.1% | 3.1% |
| 营收同比 | 2.1% | 17.4% |
| 净利润同比 | 32.5% | 264.1% |
| 每股收益（稀释后） | — | — |
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HESMLFST
| Q4 25 | $404.2M | $382.2M | ||
| Q3 25 | $420.9M | $363.8M | ||
| Q2 25 | $414.2M | $345.3M | ||
| Q1 25 | $382.0M | $333.0M | ||
| Q4 24 | $395.9M | $325.5M | ||
| Q3 24 | $378.5M | $312.7M | ||
| Q2 24 | $365.5M | $312.3M | ||
| Q1 24 | $355.6M | $300.4M |
净利润HESMLFST
| Q4 25 | $93.3M | $11.7M | ||
| Q3 25 | $97.7M | $1.1M | ||
| Q2 25 | $90.3M | $-3.8M | ||
| Q1 25 | $71.6M | $709.0K | ||
| Q4 24 | $70.4M | $-7.1M | ||
| Q3 24 | $58.6M | $-6.0M | ||
| Q2 24 | $49.5M | $-23.3M | ||
| Q1 24 | $44.6M | $-21.1M |
营业利润率HESMLFST
| Q4 25 | 62.2% | 4.7% | ||
| Q3 25 | 61.5% | 2.0% | ||
| Q2 25 | 62.8% | -0.9% | ||
| Q1 25 | 62.1% | 0.5% | ||
| Q4 24 | 61.4% | 0.3% | ||
| Q3 24 | 61.2% | 0.0% | ||
| Q2 24 | 60.8% | -5.1% | ||
| Q1 24 | 62.4% | -5.6% |
净利率HESMLFST
| Q4 25 | 23.1% | 3.1% | ||
| Q3 25 | 23.2% | 0.3% | ||
| Q2 25 | 21.8% | -1.1% | ||
| Q1 25 | 18.7% | 0.2% | ||
| Q4 24 | 17.8% | -2.2% | ||
| Q3 24 | 15.5% | -1.9% | ||
| Q2 24 | 13.5% | -7.5% | ||
| Q1 24 | 12.5% | -7.0% |
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 | $1.9M | $248.6M |
| 总债务越低越好 | $3.8B | $282.8M |
| 股东权益账面价值 | — | $1.5B |
| 总资产 | $4.4B | $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
现金及短期投资HESMLFST
| Q4 25 | $1.9M | $248.6M | ||
| Q3 25 | $5.5M | $203.9M | ||
| Q2 25 | $4.5M | $188.9M | ||
| Q1 25 | $6.1M | $134.3M | ||
| Q4 24 | $4.3M | $154.6M | ||
| Q3 24 | $10.3M | $102.6M | ||
| Q2 24 | $99.6M | $87.0M | ||
| Q1 24 | $4.2M | $49.5M |
总债务HESMLFST
| Q4 25 | $3.8B | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $3.5B | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M | ||
| Q1 24 | — | $288.8M |
股东权益HESMLFST
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
总资产HESMLFST
| Q4 25 | $4.4B | $2.2B | ||
| Q3 25 | $4.4B | $2.1B | ||
| Q2 25 | $4.4B | $2.1B | ||
| Q1 25 | $4.3B | $2.1B | ||
| Q4 24 | $4.2B | $2.1B | ||
| Q3 24 | $4.1B | $2.1B | ||
| Q2 24 | $4.1B | $2.1B | ||
| Q1 24 | $3.9B | $2.1B |
负债/权益比HESMLFST
| 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 | $245.6M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $178.9M | $46.6M |
| 自由现金流率自由现金流/营收 | 44.3% | 12.2% |
| 资本支出强度资本支出/营收 | 16.5% | 2.9% |
| 现金转化率经营现金流/净利润 | 2.63× | 4.93× |
| 过去12个月自由现金流最近4个季度 | $728.2M | $110.0M |
8季度趋势，按日历期对齐
经营现金流HESMLFST
| Q4 25 | $245.6M | $57.6M | ||
| Q3 25 | $258.9M | $27.3M | ||
| Q2 25 | $276.9M | $64.4M | ||
| Q1 25 | $202.4M | $-3.1M | ||
| Q4 24 | $258.5M | $62.3M | ||
| Q3 24 | $224.9M | $22.7M | ||
| Q2 24 | $271.6M | $44.1M | ||
| Q1 24 | $185.3M | $-21.8M |
自由现金流HESMLFST
| Q4 25 | $178.9M | $46.6M | ||
| Q3 25 | $178.9M | $17.0M | ||
| Q2 25 | $213.5M | $56.6M | ||
| Q1 25 | $156.9M | $-10.3M | ||
| Q4 24 | $163.4M | $56.0M | ||
| Q3 24 | $132.6M | $17.7M | ||
| Q2 24 | $207.7M | $39.0M | ||
| Q1 24 | $130.5M | $-26.9M |
自由现金流率HESMLFST
| Q4 25 | 44.3% | 12.2% | ||
| Q3 25 | 42.5% | 4.7% | ||
| Q2 25 | 51.5% | 16.4% | ||
| Q1 25 | 41.1% | -3.1% | ||
| Q4 24 | 41.3% | 17.2% | ||
| Q3 24 | 35.0% | 5.7% | ||
| Q2 24 | 56.8% | 12.5% | ||
| Q1 24 | 36.7% | -9.0% |
资本支出强度HESMLFST
| Q4 25 | 16.5% | 2.9% | ||
| Q3 25 | 19.0% | 2.8% | ||
| Q2 25 | 15.3% | 2.2% | ||
| Q1 25 | 11.9% | 2.2% | ||
| Q4 24 | 24.0% | 1.9% | ||
| Q3 24 | 24.4% | 1.6% | ||
| Q2 24 | 17.5% | 1.6% | ||
| Q1 24 | 15.4% | 1.7% |
现金转化率HESMLFST
| Q4 25 | 2.63× | 4.93× | ||
| Q3 25 | 2.65× | 25.34× | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | -4.36× | ||
| Q4 24 | 3.67× | — | ||
| Q3 24 | 3.84× | — | ||
| Q2 24 | 5.49× | — | ||
| Q1 24 | 4.15× | — |
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
HESM
| Gathering | $217.3M | 54% |
| Processing And Storage | $154.7M | 38% |
| Terminaling And Export | $32.2M | 8% |
LFST
暂无分部数据
