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InnovAge Holding Corp.（INNV）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InnovAge Holding Corp.的1.6倍（$382.2M vs $239.7M）。InnovAge Holding Corp.净利率更高（4.4% vs 3.1%，领先1.4%）。LifeStance Health Group, Inc.同比增速更快（17.4% vs 14.7%）。LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $19.0M）。过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 11.4%）
InnovAge Holding Corp是美国领先的老年护理服务商，主要运营老年人全包护理项目（PACE），为符合条件的高龄群体提供综合医疗、社会支持与日常生活协助，帮助老人居家养老，服务覆盖美国多个州。
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。
INNV vs LFST — 直观对比
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $239.7M | $382.2M |
| 净利润 | $10.6M | $11.7M |
| 毛利率 | 22.0% | — |
| 营业利润率 | 5.5% | 4.7% |
| 净利率 | 4.4% | 3.1% |
| 营收同比 | 14.7% | 17.4% |
| 净利润同比 | 180.3% | 264.1% |
| 每股收益（稀释后） | $0.08 | — |
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 | $239.7M | $382.2M | ||
| Q3 25 | $236.1M | $363.8M | ||
| Q2 25 | $221.4M | $345.3M | ||
| Q1 25 | $218.1M | $333.0M | ||
| Q4 24 | $209.0M | $325.5M | ||
| Q3 24 | $205.1M | $312.7M | ||
| Q2 24 | $199.4M | $312.3M | ||
| Q1 24 | $193.1M | $300.4M |
| Q4 25 | $10.6M | $11.7M | ||
| Q3 25 | $8.0M | $1.1M | ||
| Q2 25 | $-785.0K | $-3.8M | ||
| Q1 25 | $-11.4M | $709.0K | ||
| Q4 24 | $-13.2M | $-7.1M | ||
| Q3 24 | $-4.9M | $-6.0M | ||
| Q2 24 | $-1.7M | $-23.3M | ||
| Q1 24 | $-5.9M | $-21.1M |
| Q4 25 | 22.0% | — | ||
| Q3 25 | 21.8% | — | ||
| Q2 25 | 18.6% | — | ||
| Q1 25 | 18.7% | — | ||
| Q4 24 | 17.7% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 18.3% | — | ||
| Q1 24 | 17.6% | — |
| Q4 25 | 5.5% | 4.7% | ||
| Q3 25 | 3.5% | 2.0% | ||
| Q2 25 | -1.0% | -0.9% | ||
| Q1 25 | -4.7% | 0.5% | ||
| Q4 24 | -6.0% | 0.3% | ||
| Q3 24 | -2.4% | 0.0% | ||
| Q2 24 | -2.4% | -5.1% | ||
| Q1 24 | -3.0% | -5.6% |
| Q4 25 | 4.4% | 3.1% | ||
| Q3 25 | 3.4% | 0.3% | ||
| Q2 25 | -0.4% | -1.1% | ||
| Q1 25 | -5.2% | 0.2% | ||
| Q4 24 | -6.3% | -2.2% | ||
| Q3 24 | -2.4% | -1.9% | ||
| Q2 24 | -0.9% | -7.5% | ||
| Q1 24 | -3.0% | -7.0% |
| Q4 25 | $0.08 | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.08 | — | ||
| Q4 24 | $-0.10 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $-0.01 | — | ||
| Q1 24 | $-0.04 | — |
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 | $126.0M | $248.6M |
| 总债务越低越好 | — | $282.8M |
| 股东权益账面价值 | $256.8M | $1.5B |
| 总资产 | $527.5M | $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 | $126.0M | $248.6M | ||
| Q3 25 | $109.4M | $203.9M | ||
| Q2 25 | $105.9M | $188.9M | ||
| Q1 25 | $101.7M | $134.3M | ||
| Q4 24 | $86.9M | $154.6M | ||
| Q3 24 | $85.7M | $102.6M | ||
| Q2 24 | $102.8M | $87.0M | ||
| Q1 24 | $99.3M | $49.5M |
| Q4 25 | — | $282.8M | ||
| Q3 25 | — | $284.6M | ||
| Q2 25 | $60.0M | $286.4M | ||
| Q1 25 | — | $288.2M | ||
| Q4 24 | — | $290.0M | ||
| Q3 24 | — | $287.3M | ||
| Q2 24 | $66.0M | $288.0M | ||
| Q1 24 | — | $288.8M |
| Q4 25 | $256.8M | $1.5B | ||
| Q3 25 | $245.0M | $1.5B | ||
| Q2 25 | $235.0M | $1.5B | ||
| Q1 25 | $238.0M | $1.5B | ||
| Q4 24 | $248.5M | $1.4B | ||
| Q3 24 | $260.9M | $1.4B | ||
| Q2 24 | $269.3M | $1.4B | ||
| Q1 24 | $281.1M | $1.4B |
| Q4 25 | $527.5M | $2.2B | ||
| Q3 25 | $510.2M | $2.1B | ||
| Q2 25 | $526.9M | $2.1B | ||
| Q1 25 | $536.6M | $2.1B | ||
| Q4 24 | $524.8M | $2.1B | ||
| Q3 24 | $527.7M | $2.1B | ||
| Q2 24 | $547.7M | $2.1B | ||
| Q1 24 | $527.4M | $2.1B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | 0.26× | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | 0.25× | 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 | $21.4M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $19.0M | $46.6M |
| 自由现金流率自由现金流/营收 | 7.9% | 12.2% |
| 资本支出强度资本支出/营收 | 1.0% | 2.9% |
| 现金转化率经营现金流/净利润 | 2.01× | 4.93× |
| 过去12个月自由现金流最近4个季度 | $49.4M | $110.0M |
8季度趋势，按日历期对齐
| Q4 25 | $21.4M | $57.6M | ||
| Q3 25 | $3.9M | $27.3M | ||
| Q2 25 | $9.0M | $64.4M | ||
| Q1 25 | $24.6M | $-3.1M | ||
| Q4 24 | $6.8M | $62.3M | ||
| Q3 24 | $-7.5M | $22.7M | ||
| Q2 24 | $1.9M | $44.1M | ||
| Q1 24 | $3.5M | $-21.8M |
| Q4 25 | $19.0M | $46.6M | ||
| Q3 25 | $-153.0K | $17.0M | ||
| Q2 25 | $8.8M | $56.6M | ||
| Q1 25 | $21.7M | $-10.3M | ||
| Q4 24 | $5.4M | $56.0M | ||
| Q3 24 | $-9.7M | $17.7M | ||
| Q2 24 | $-1.4M | $39.0M | ||
| Q1 24 | $3.1M | $-26.9M |
| Q4 25 | 7.9% | 12.2% | ||
| Q3 25 | -0.1% | 4.7% | ||
| Q2 25 | 4.0% | 16.4% | ||
| Q1 25 | 10.0% | -3.1% | ||
| Q4 24 | 2.6% | 17.2% | ||
| Q3 24 | -4.7% | 5.7% | ||
| Q2 24 | -0.7% | 12.5% | ||
| Q1 24 | 1.6% | -9.0% |
| Q4 25 | 1.0% | 2.9% | ||
| Q3 25 | 1.7% | 2.8% | ||
| Q2 25 | 0.1% | 2.2% | ||
| Q1 25 | 1.3% | 2.2% | ||
| Q4 24 | 0.6% | 1.9% | ||
| Q3 24 | 1.1% | 1.6% | ||
| Q2 24 | 1.7% | 1.6% | ||
| Q1 24 | 0.2% | 1.7% |
| Q4 25 | 2.01× | 4.93× | ||
| Q3 25 | 0.49× | 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
