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虎牙（HUYA）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.的季度营收约是虎牙的1.6倍（$382.2M vs $237.1M），LifeStance Health Group, Inc.净利率更高（3.1% vs 0.6%，领先2.5%），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 2.5%）
虎牙公司是中国领先的互动直播平台，核心业务为游戏直播，同时覆盖电竞赛事、娱乐综艺、生活方式、知识科普等多元内容领域，面向国内年轻互联网用户提供高互动性的数字娱乐内容服务。
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。
HUYA vs LFST — 直观对比
营收规模更大
LFST
是对方的1.6倍
$237.1M
净利率更高
LFST
高出2.5%
0.6%
两年增速更快
LFST
近两年复合增速
2.5%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $237.1M | $382.2M |
| 净利润 | $1.3M | $11.7M |
| 毛利率 | 13.4% | — |
| 营业利润率 | -0.8% | 4.7% |
| 净利率 | 0.6% | 3.1% |
| 营收同比 | — | 17.4% |
| 净利润同比 | — | 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HUYALFST
| Q4 25 | — | $382.2M | ||
| Q3 25 | $237.1M | $363.8M | ||
| Q2 25 | $218.8M | $345.3M | ||
| Q1 25 | $207.9M | $333.0M | ||
| Q4 24 | — | $325.5M | ||
| Q3 24 | $219.1M | $312.7M | ||
| Q2 24 | $212.1M | $312.3M | ||
| Q1 24 | $208.3M | $300.4M |
净利润HUYALFST
| Q4 25 | — | $11.7M | ||
| Q3 25 | $1.3M | $1.1M | ||
| Q2 25 | $-766.0K | $-3.8M | ||
| Q1 25 | $128.0K | $709.0K | ||
| Q4 24 | — | $-7.1M | ||
| Q3 24 | $3.4M | $-6.0M | ||
| Q2 24 | $4.1M | $-23.3M | ||
| Q1 24 | $9.8M | $-21.1M |
毛利率HUYALFST
| Q4 25 | — | — | ||
| Q3 25 | 13.4% | — | ||
| Q2 25 | 13.5% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 13.2% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.7% | — |
营业利润率HUYALFST
| Q4 25 | — | 4.7% | ||
| Q3 25 | -0.8% | 2.0% | ||
| Q2 25 | -1.5% | -0.9% | ||
| Q1 25 | -4.0% | 0.5% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | -2.1% | 0.0% | ||
| Q2 24 | -1.7% | -5.1% | ||
| Q1 24 | -2.6% | -5.6% |
净利率HUYALFST
| Q4 25 | — | 3.1% | ||
| Q3 25 | 0.6% | 0.3% | ||
| Q2 25 | -0.4% | -1.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | 1.5% | -1.9% | ||
| Q2 24 | 1.9% | -7.5% | ||
| Q1 24 | 4.7% | -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 | $102.0M | $248.6M |
| 总债务越低越好 | — | $282.8M |
| 股东权益账面价值 | $709.9M | $1.5B |
| 总资产 | $960.3M | $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HUYALFST
| Q4 25 | — | $248.6M | ||
| Q3 25 | $102.0M | $203.9M | ||
| Q2 25 | $69.7M | $188.9M | ||
| Q1 25 | $40.9M | $134.3M | ||
| Q4 24 | — | $154.6M | ||
| Q3 24 | $156.1M | $102.6M | ||
| Q2 24 | $138.4M | $87.0M | ||
| Q1 24 | $75.1M | $49.5M |
总债务HUYALFST
| 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 |
股东权益HUYALFST
| Q4 25 | — | $1.5B | ||
| Q3 25 | $709.9M | $1.5B | ||
| Q2 25 | $704.3M | $1.5B | ||
| Q1 25 | $711.2M | $1.5B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.3B | $1.4B | ||
| Q1 24 | $1.3B | $1.4B |
总资产HUYALFST
| Q4 25 | — | $2.2B | ||
| Q3 25 | $960.3M | $2.1B | ||
| Q2 25 | $928.0M | $2.1B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $1.6B | $2.1B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.7B | $2.1B |
负债/权益比HUYALFST
| 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 | — | $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 | — | 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HUYALFST
| Q4 25 | — | $57.6M | ||
| Q3 25 | — | $27.3M | ||
| Q2 25 | — | $64.4M | ||
| Q1 25 | — | $-3.1M | ||
| Q4 24 | — | $62.3M | ||
| Q3 24 | — | $22.7M | ||
| Q2 24 | — | $44.1M | ||
| Q1 24 | — | $-21.8M |
自由现金流HUYALFST
| 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HUYALFST
| 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HUYALFST
| 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HUYALFST
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | — | — | ||
| 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
HUYA
| Live streaming | $162.5M | 69% |
| Game-related services, advertising and others | $74.7M | 31% |
LFST
暂无分部数据
