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H2O AMERICA（HTO）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H2O AMERICA的1.9倍（$382.2M vs $199.4M），H2O AMERICA净利率更高（8.1% vs 3.1%，领先5.1%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 1.5%），过去两年H2O AMERICA的营收复合增速更高（15.3% vs 12.8%）
H2O Wireless是美国的预付费移动通信服务商，依托AT&T网络运营，隶属于MVNO（移动虚拟网络运营商）Locus通信，自2019年起Locus成为Telrite控股的子公司，此前2010年起曾是KDDI美国旗下资产。该品牌主打无限制套餐服务，支持用户自带或购买无锁智能手机入网，AT&T合约机/锁网机也可兼容使用。
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。
HTO vs LFST — 直观对比
营收规模更大
LFST
是对方的1.9倍
$199.4M
营收增速更快
LFST
高出16.0%
1.5%
净利率更高
HTO
高出5.1%
3.1%
两年增速更快
HTO
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $199.4M | $382.2M |
| 净利润 | $16.2M | $11.7M |
| 毛利率 | — | — |
| 营业利润率 | 16.6% | 4.7% |
| 净利率 | 8.1% | 3.1% |
| 营收同比 | 1.5% | 17.4% |
| 净利润同比 | -29.2% | 264.1% |
| 每股收益（稀释后） | $0.45 | — |
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HTOLFST
| Q4 25 | $199.4M | $382.2M | ||
| Q3 25 | $243.5M | $363.8M | ||
| Q2 25 | $197.8M | $345.3M | ||
| Q1 25 | $164.9M | $333.0M | ||
| Q4 24 | $196.5M | $325.5M | ||
| Q3 24 | $216.7M | $312.7M | ||
| Q2 24 | $173.1M | $312.3M | ||
| Q1 24 | $150.0M | $300.4M |
净利润HTOLFST
| Q4 25 | $16.2M | $11.7M | ||
| Q3 25 | $45.1M | $1.1M | ||
| Q2 25 | $24.7M | $-3.8M | ||
| Q1 25 | $16.6M | $709.0K | ||
| Q4 24 | $22.9M | $-7.1M | ||
| Q3 24 | $38.7M | $-6.0M | ||
| Q2 24 | $20.7M | $-23.3M | ||
| Q1 24 | $11.7M | $-21.1M |
营业利润率HTOLFST
| Q4 25 | 16.6% | 4.7% | ||
| Q3 25 | 26.5% | 2.0% | ||
| Q2 25 | 22.2% | -0.9% | ||
| Q1 25 | 21.8% | 0.5% | ||
| Q4 24 | 22.2% | 0.3% | ||
| Q3 24 | 26.9% | 0.0% | ||
| Q2 24 | 23.4% | -5.1% | ||
| Q1 24 | 18.6% | -5.6% |
净利率HTOLFST
| Q4 25 | 8.1% | 3.1% | ||
| Q3 25 | 18.5% | 0.3% | ||
| Q2 25 | 12.5% | -1.1% | ||
| Q1 25 | 10.0% | 0.2% | ||
| Q4 24 | 11.7% | -2.2% | ||
| Q3 24 | 17.8% | -1.9% | ||
| Q2 24 | 12.0% | -7.5% | ||
| Q1 24 | 7.8% | -7.0% |
每股收益（稀释后）HTOLFST
| Q4 25 | $0.45 | — | ||
| Q3 25 | $1.27 | — | ||
| Q2 25 | $0.71 | — | ||
| Q1 25 | $0.49 | — | ||
| Q4 24 | $0.70 | — | ||
| Q3 24 | $1.17 | — | ||
| Q2 24 | $0.64 | — | ||
| Q1 24 | $0.36 | — |
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 | $20.7M | $248.6M |
| 总债务越低越好 | $1.9B | $282.8M |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $5.1B | $2.2B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资HTOLFST
| Q4 25 | $20.7M | $248.6M | ||
| Q3 25 | $11.3M | $203.9M | ||
| Q2 25 | $19.8M | $188.9M | ||
| Q1 25 | $23.7M | $134.3M | ||
| Q4 24 | $11.1M | $154.6M | ||
| Q3 24 | $4.0M | $102.6M | ||
| Q2 24 | $22.8M | $87.0M | ||
| Q1 24 | $4.5M | $49.5M |
总债务HTOLFST
| Q4 25 | $1.9B | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | — | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | $1.7B | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | — | $288.0M | ||
| Q1 24 | — | $288.8M |
股东权益HTOLFST
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
总资产HTOLFST
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $5.0B | $2.1B | ||
| Q2 25 | $4.8B | $2.1B | ||
| Q1 25 | $4.7B | $2.1B | ||
| Q4 24 | $4.7B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.4B | $2.1B | ||
| Q1 24 | $4.4B | $2.1B |
负债/权益比HTOLFST
| Q4 25 | 1.23× | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 1.26× | 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 | $63.5M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | — | $46.6M |
| 自由现金流率自由现金流/营收 | — | 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 | 3.92× | 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
经营现金流HTOLFST
| Q4 25 | $63.5M | $57.6M | ||
| Q3 25 | $77.3M | $27.3M | ||
| Q2 25 | $60.8M | $64.4M | ||
| Q1 25 | $43.2M | $-3.1M | ||
| Q4 24 | $41.5M | $62.3M | ||
| Q3 24 | $53.5M | $22.7M | ||
| Q2 24 | $49.3M | $44.1M | ||
| Q1 24 | $51.2M | $-21.8M |
自由现金流HTOLFST
| Q4 25 | — | $46.6M | ||
| Q3 25 | — | $17.0M | ||
| Q2 25 | — | $56.6M | ||
| Q1 25 | — | $-10.3M | ||
| Q4 24 | — | $56.0M | ||
| Q3 24 | — | $17.7M | ||
| Q2 24 | — | $39.0M | ||
| Q1 24 | — | $-26.9M |
自由现金流率HTOLFST
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 17.2% | ||
| Q3 24 | — | 5.7% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | -9.0% |
资本支出强度HTOLFST
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 1.7% |
现金转化率HTOLFST
| Q4 25 | 3.92× | 4.93× | ||
| Q3 25 | 1.71× | 25.34× | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 2.61× | -4.36× | ||
| Q4 24 | 1.81× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 2.38× | — | ||
| Q1 24 | 4.38× | — |
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
HTO
| Water Utility Services | $191.0M | 96% |
| Other | $8.4M | 4% |
LFST
暂无分部数据
