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loanDepot, Inc.（LDI）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loanDepot, Inc.的1.2倍（$382.2M vs $310.3M），LifeStance Health Group, Inc.净利率更高（3.1% vs -7.2%，领先10.3%），loanDepot, Inc.同比增速更快（20.5% vs 17.4%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $-648.0M），过去两年loanDepot, Inc.的营收复合增速更高（18.0% vs 12.8%）
loanDepot, Inc.是一家总部位于美国加利福尼亚州欧文市的非银行控股公司，主营抵押贷款及其他非抵押类贷款产品的销售业务，是美国市场上颇具规模的消费信贷服务提供商。
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。
LDI vs LFST — 直观对比
营收规模更大
LFST
是对方的1.2倍
$310.3M
营收增速更快
LDI
高出3.1%
17.4%
净利率更高
LFST
高出10.3%
-7.2%
自由现金流更多
LFST
多$694.6M
$-648.0M
两年增速更快
LDI
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $310.3M | $382.2M |
| 净利润 | $-22.5M | $11.7M |
| 毛利率 | — | — |
| 营业利润率 | -10.3% | 4.7% |
| 净利率 | -7.2% | 3.1% |
| 营收同比 | 20.5% | 17.4% |
| 净利润同比 | 32.4% | 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LDILFST
| Q4 25 | $310.3M | $382.2M | ||
| Q3 25 | $323.3M | $363.8M | ||
| Q2 25 | $282.5M | $345.3M | ||
| Q1 25 | $273.6M | $333.0M | ||
| Q4 24 | $257.5M | $325.5M | ||
| Q3 24 | $314.6M | $312.7M | ||
| Q2 24 | $265.4M | $312.3M | ||
| Q1 24 | $222.8M | $300.4M |
净利润LDILFST
| Q4 25 | $-22.5M | $11.7M | ||
| Q3 25 | $-4.9M | $1.1M | ||
| Q2 25 | $-13.4M | $-3.8M | ||
| Q1 25 | $-21.9M | $709.0K | ||
| Q4 24 | $-33.2M | $-7.1M | ||
| Q3 24 | $1.4M | $-6.0M | ||
| Q2 24 | $-32.2M | $-23.3M | ||
| Q1 24 | $-34.3M | $-21.1M |
营业利润率LDILFST
| Q4 25 | -10.3% | 4.7% | ||
| Q3 25 | -3.2% | 2.0% | ||
| Q2 25 | -11.4% | -0.9% | ||
| Q1 25 | -16.8% | 0.5% | ||
| Q4 24 | -32.7% | 0.3% | ||
| Q3 24 | 1.1% | 0.0% | ||
| Q2 24 | -29.1% | -5.1% | ||
| Q1 24 | -38.2% | -5.6% |
净利率LDILFST
| Q4 25 | -7.2% | 3.1% | ||
| Q3 25 | -1.5% | 0.3% | ||
| Q2 25 | -4.7% | -1.1% | ||
| Q1 25 | -8.0% | 0.2% | ||
| Q4 24 | -12.9% | -2.2% | ||
| Q3 24 | 0.4% | -1.9% | ||
| Q2 24 | -12.1% | -7.5% | ||
| Q1 24 | -15.4% | -7.0% |
每股收益（稀释后）LDILFST
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $0.01 | — | ||
| Q2 24 | $-0.18 | — | ||
| Q1 24 | $-0.19 | — |
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 | $337.2M | $248.6M |
| 总债务越低越好 | $2.1B | $282.8M |
| 股东权益账面价值 | $386.0M | $1.5B |
| 总资产 | $6.9B | $2.2B |
| 负债/权益比越低杠杆越低 | 5.44× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资LDILFST
| Q4 25 | $337.2M | $248.6M | ||
| Q3 25 | $459.2M | $203.9M | ||
| Q2 25 | $408.6M | $188.9M | ||
| Q1 25 | $371.5M | $134.3M | ||
| Q4 24 | $421.6M | $154.6M | ||
| Q3 24 | $483.0M | $102.6M | ||
| Q2 24 | $533.2M | $87.0M | ||
| Q1 24 | $603.7M | $49.5M |
总债务LDILFST
| Q4 25 | $2.1B | $282.8M | ||
| Q3 25 | $2.1B | $284.6M | ||
| Q2 25 | $2.1B | $286.4M | ||
| Q1 25 | $2.0B | $288.2M | ||
| Q4 24 | $2.0B | $290.0M | ||
| Q3 24 | $2.0B | $287.3M | ||
| Q2 24 | $2.0B | $288.0M | ||
| Q1 24 | $2.3B | $288.8M |
股东权益LDILFST
| Q4 25 | $386.0M | $1.5B | ||
| Q3 25 | $433.3M | $1.5B | ||
| Q2 25 | $439.1M | $1.5B | ||
| Q1 25 | $469.3M | $1.5B | ||
| Q4 24 | $506.6M | $1.4B | ||
| Q3 24 | $592.0M | $1.4B | ||
| Q2 24 | $578.9M | $1.4B | ||
| Q1 24 | $637.3M | $1.4B |
总资产LDILFST
| Q4 25 | $6.9B | $2.2B | ||
| Q3 25 | $6.2B | $2.1B | ||
| Q2 25 | $6.2B | $2.1B | ||
| Q1 25 | $6.4B | $2.1B | ||
| Q4 24 | $6.3B | $2.1B | ||
| Q3 24 | $6.4B | $2.1B | ||
| Q2 24 | $5.9B | $2.1B | ||
| Q1 24 | $6.2B | $2.1B |
负债/权益比LDILFST
| Q4 25 | 5.44× | 0.19× | ||
| Q3 25 | 4.83× | 0.19× | ||
| Q2 25 | 4.70× | 0.19× | ||
| Q1 25 | 4.30× | 0.20× | ||
| Q4 24 | 4.00× | 0.20× | ||
| Q3 24 | 3.31× | 0.20× | ||
| Q2 24 | 3.41× | 0.20× | ||
| Q1 24 | 3.63× | 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 | $-638.7M | $57.6M |
| 自由现金流经营现金流 - 资本支出 | $-648.0M | $46.6M |
| 自由现金流率自由现金流/营收 | -208.9% | 12.2% |
| 资本支出强度资本支出/营收 | 3.0% | 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 | $-734.6M | $110.0M |
8季度趋势，按日历期对齐
经营现金流LDILFST
| Q4 25 | $-638.7M | $57.6M | ||
| Q3 25 | $43.4M | $27.3M | ||
| Q2 25 | $67.6M | $64.4M | ||
| Q1 25 | $-179.9M | $-3.1M | ||
| Q4 24 | $47.7M | $62.3M | ||
| Q3 24 | $-349.2M | $22.7M | ||
| Q2 24 | $-278.3M | $44.1M | ||
| Q1 24 | $-278.5M | $-21.8M |
自由现金流LDILFST
| Q4 25 | $-648.0M | $46.6M | ||
| Q3 25 | $38.7M | $17.0M | ||
| Q2 25 | $61.4M | $56.6M | ||
| Q1 25 | $-186.7M | $-10.3M | ||
| Q4 24 | $40.8M | $56.0M | ||
| Q3 24 | $-356.4M | $17.7M | ||
| Q2 24 | $-285.7M | $39.0M | ||
| Q1 24 | $-283.3M | $-26.9M |
自由现金流率LDILFST
| Q4 25 | -208.9% | 12.2% | ||
| Q3 25 | 12.0% | 4.7% | ||
| Q2 25 | 21.7% | 16.4% | ||
| Q1 25 | -68.2% | -3.1% | ||
| Q4 24 | 15.8% | 17.2% | ||
| Q3 24 | -113.3% | 5.7% | ||
| Q2 24 | -107.7% | 12.5% | ||
| Q1 24 | -127.2% | -9.0% |
资本支出强度LDILFST
| Q4 25 | 3.0% | 2.9% | ||
| Q3 25 | 1.5% | 2.8% | ||
| Q2 25 | 2.2% | 2.2% | ||
| Q1 25 | 2.5% | 2.2% | ||
| Q4 24 | 2.7% | 1.9% | ||
| Q3 24 | 2.3% | 1.6% | ||
| Q2 24 | 2.8% | 1.6% | ||
| Q1 24 | 2.1% | 1.7% |
现金转化率LDILFST
| Q4 25 | — | 4.93× | ||
| Q3 25 | — | 25.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.36× | ||
| Q4 24 | — | — | ||
| Q3 24 | -255.05× | — | ||
| 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
