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INDEPENDENT BANK CORP（INDB）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INDEPENDENT BANK CORP的1.8倍（$382.2M vs $212.5M），INDEPENDENT BANK CORP净利率更高（35.5% vs 3.1%，领先32.4%），INDEPENDENT BANK CORP同比增速更快（46.9% vs 17.4%），INDEPENDENT BANK CORP自由现金流更多（$75.5M vs $46.6M），过去两年INDEPENDENT BANK CORP的营收复合增速更高（24.3% vs 12.8%）
Independent Bank Corp是一家总部位于美国密歇根州大急流城的商业银行，业务全部布局于密歇根州内，目前在全州范围内共设有62家实体营业网点，为当地个人及企业客户提供各类银行金融服务。
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。
INDB vs LFST — 直观对比
营收规模更大
LFST
是对方的1.8倍
$212.5M
营收增速更快
INDB
高出29.5%
17.4%
净利率更高
INDB
高出32.4%
3.1%
自由现金流更多
INDB
多$28.9M
$46.6M
两年增速更快
INDB
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.5M | $382.2M |
| 净利润 | $75.3M | $11.7M |
| 毛利率 | — | — |
| 营业利润率 | — | 4.7% |
| 净利率 | 35.5% | 3.1% |
| 营收同比 | 46.9% | 17.4% |
| 净利润同比 | 50.6% | 264.1% |
| 每股收益（稀释后） | $1.51 | — |
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INDBLFST
| Q4 25 | $212.5M | $382.2M | ||
| Q3 25 | $203.3M | $363.8M | ||
| Q2 25 | $147.5M | $345.3M | ||
| Q1 25 | $145.5M | $333.0M | ||
| Q4 24 | $144.7M | $325.5M | ||
| Q3 24 | $141.7M | $312.7M | ||
| Q2 24 | $137.9M | $312.3M | ||
| Q1 24 | $137.4M | $300.4M |
净利润INDBLFST
| Q4 25 | $75.3M | $11.7M | ||
| Q3 25 | $34.3M | $1.1M | ||
| Q2 25 | $51.1M | $-3.8M | ||
| Q1 25 | $44.4M | $709.0K | ||
| Q4 24 | $50.0M | $-7.1M | ||
| Q3 24 | $42.9M | $-6.0M | ||
| Q2 24 | $51.3M | $-23.3M | ||
| Q1 24 | $47.8M | $-21.1M |
营业利润率INDBLFST
| Q4 25 | — | 4.7% | ||
| Q3 25 | 21.8% | 2.0% | ||
| Q2 25 | 44.6% | -0.9% | ||
| Q1 25 | 39.3% | 0.5% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 39.0% | 0.0% | ||
| Q2 24 | 48.1% | -5.1% | ||
| Q1 24 | 45.5% | -5.6% |
净利率INDBLFST
| Q4 25 | 35.5% | 3.1% | ||
| Q3 25 | 16.8% | 0.3% | ||
| Q2 25 | 34.6% | -1.1% | ||
| Q1 25 | 30.5% | 0.2% | ||
| Q4 24 | 34.6% | -2.2% | ||
| Q3 24 | 30.3% | -1.9% | ||
| Q2 24 | 37.2% | -7.5% | ||
| Q1 24 | 34.8% | -7.0% |
每股收益（稀释后）INDBLFST
| Q4 25 | $1.51 | — | ||
| Q3 25 | $0.69 | — | ||
| Q2 25 | $1.20 | — | ||
| Q1 25 | $1.04 | — | ||
| Q4 24 | $1.18 | — | ||
| Q3 24 | $1.01 | — | ||
| Q2 24 | $1.21 | — | ||
| Q1 24 | $1.12 | — |
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 | — | $248.6M |
| 总债务越低越好 | — | $282.8M |
| 股东权益账面价值 | $3.6B | $1.5B |
| 总资产 | $24.9B | $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INDBLFST
| Q4 25 | — | $248.6M | ||
| Q3 25 | — | $203.9M | ||
| Q2 25 | — | $188.9M | ||
| Q1 25 | — | $134.3M | ||
| Q4 24 | — | $154.6M | ||
| Q3 24 | — | $102.6M | ||
| Q2 24 | — | $87.0M | ||
| Q1 24 | — | $49.5M |
总债务INDBLFST
| 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INDBLFST
| Q4 25 | $3.6B | $1.5B | ||
| Q3 25 | $3.5B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $3.0B | $1.4B | ||
| Q2 24 | $2.9B | $1.4B | ||
| Q1 24 | $2.9B | $1.4B |
总资产INDBLFST
| Q4 25 | $24.9B | $2.2B | ||
| Q3 25 | $25.0B | $2.1B | ||
| Q2 25 | $20.0B | $2.1B | ||
| Q1 25 | $19.9B | $2.1B | ||
| Q4 24 | $19.4B | $2.1B | ||
| Q3 24 | $19.4B | $2.1B | ||
| Q2 24 | $19.4B | $2.1B | ||
| Q1 24 | $19.3B | $2.1B |
负债/权益比INDBLFST
| 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 | $78.9M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $75.5M | $46.6M |
| 自由现金流率自由现金流/营收 | 35.5% | 12.2% |
| 资本支出强度资本支出/营收 | 1.6% | 2.9% |
| 现金转化率经营现金流/净利润 | 1.05× | 4.93× |
| 过去12个月自由现金流最近4个季度 | $239.0M | $110.0M |
8季度趋势，按日历期对齐
经营现金流INDBLFST
| Q4 25 | $78.9M | $57.6M | ||
| Q3 25 | $52.2M | $27.3M | ||
| Q2 25 | $106.7M | $64.4M | ||
| Q1 25 | $13.3M | $-3.1M | ||
| Q4 24 | $42.9M | $62.3M | ||
| Q3 24 | $70.2M | $22.7M | ||
| Q2 24 | $65.6M | $44.1M | ||
| Q1 24 | $51.1M | $-21.8M |
自由现金流INDBLFST
| Q4 25 | $75.5M | $46.6M | ||
| Q3 25 | $49.7M | $17.0M | ||
| Q2 25 | $102.5M | $56.6M | ||
| Q1 25 | $11.3M | $-10.3M | ||
| Q4 24 | $36.5M | $56.0M | ||
| Q3 24 | $64.4M | $17.7M | ||
| Q2 24 | $61.9M | $39.0M | ||
| Q1 24 | $46.7M | $-26.9M |
自由现金流率INDBLFST
| Q4 25 | 35.5% | 12.2% | ||
| Q3 25 | 24.4% | 4.7% | ||
| Q2 25 | 69.5% | 16.4% | ||
| Q1 25 | 7.8% | -3.1% | ||
| Q4 24 | 25.2% | 17.2% | ||
| Q3 24 | 45.4% | 5.7% | ||
| Q2 24 | 44.9% | 12.5% | ||
| Q1 24 | 34.0% | -9.0% |
资本支出强度INDBLFST
| Q4 25 | 1.6% | 2.9% | ||
| Q3 25 | 1.2% | 2.8% | ||
| Q2 25 | 2.9% | 2.2% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 4.4% | 1.9% | ||
| Q3 24 | 4.1% | 1.6% | ||
| Q2 24 | 2.7% | 1.6% | ||
| Q1 24 | 3.2% | 1.7% |
现金转化率INDBLFST
| Q4 25 | 1.05× | 4.93× | ||
| Q3 25 | 1.52× | 25.34× | ||
| Q2 25 | 2.09× | — | ||
| Q1 25 | 0.30× | -4.36× | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | 1.64× | — | ||
| Q2 24 | 1.28× | — | ||
| Q1 24 | 1.07× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
