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LifeStance Health Group, Inc.（LFST）与Lemonade, Inc.（LMND）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Lemonade, Inc.的1.7倍（$382.2M vs $228.1M），LifeStance Health Group, Inc.净利率更高（3.1% vs -9.5%，领先12.6%），Lemonade, Inc.同比增速更快（53.3% vs 17.4%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $-25.9M），过去两年Lemonade, Inc.的营收复合增速更高（38.4% vs 12.8%）
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。
Lemonade, Inc.是一家总部位于美国纽约的保险公司，在美国市场提供租客险、房屋险、车险、宠物险及定期寿险，在德国、荷兰推出财产及责任保险，法国市场提供租客险，当前拥有约290万用户，采用人工智能及聊天机器人替代人工处理理赔申请。
LFST vs LMND — 直观对比
营收规模更大
LFST
是对方的1.7倍
$228.1M
营收增速更快
LMND
高出35.9%
17.4%
净利率更高
LFST
高出12.6%
-9.5%
自由现金流更多
LFST
多$72.5M
$-25.9M
两年增速更快
LMND
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $228.1M |
| 净利润 | $11.7M | $-21.7M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | -9.0% |
| 净利率 | 3.1% | -9.5% |
| 营收同比 | 17.4% | 53.3% |
| 净利润同比 | 264.1% | 27.7% |
| 每股收益（稀释后） | — | $-0.27 |
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LFSTLMND
| Q4 25 | $382.2M | $228.1M | ||
| Q3 25 | $363.8M | $194.5M | ||
| Q2 25 | $345.3M | $164.1M | ||
| Q1 25 | $333.0M | $151.2M | ||
| Q4 24 | $325.5M | $148.8M | ||
| Q3 24 | $312.7M | $136.6M | ||
| Q2 24 | $312.3M | $122.0M | ||
| Q1 24 | $300.4M | $119.1M |
净利润LFSTLMND
| Q4 25 | $11.7M | $-21.7M | ||
| Q3 25 | $1.1M | $-37.5M | ||
| Q2 25 | $-3.8M | $-43.9M | ||
| Q1 25 | $709.0K | $-62.4M | ||
| Q4 24 | $-7.1M | $-30.0M | ||
| Q3 24 | $-6.0M | $-67.7M | ||
| Q2 24 | $-23.3M | $-57.2M | ||
| Q1 24 | $-21.1M | $-47.3M |
营业利润率LFSTLMND
| Q4 25 | 4.7% | -9.0% | ||
| Q3 25 | 2.0% | -18.7% | ||
| Q2 25 | -0.9% | -26.0% | ||
| Q1 25 | 0.5% | -40.6% | ||
| Q4 24 | 0.3% | -25.4% | ||
| Q3 24 | 0.0% | -48.2% | ||
| Q2 24 | -5.1% | -45.2% | ||
| Q1 24 | -5.6% | -38.0% |
净利率LFSTLMND
| Q4 25 | 3.1% | -9.5% | ||
| Q3 25 | 0.3% | -19.3% | ||
| Q2 25 | -1.1% | -26.8% | ||
| Q1 25 | 0.2% | -41.3% | ||
| Q4 24 | -2.2% | -20.2% | ||
| Q3 24 | -1.9% | -49.6% | ||
| Q2 24 | -7.5% | -46.9% | ||
| Q1 24 | -7.0% | -39.7% |
每股收益（稀释后）LFSTLMND
| Q4 25 | — | $-0.27 | ||
| Q3 25 | — | $-0.51 | ||
| Q2 25 | — | $-0.60 | ||
| Q1 25 | — | $-0.86 | ||
| Q4 24 | — | $-0.42 | ||
| Q3 24 | — | $-0.95 | ||
| Q2 24 | — | $-0.81 | ||
| Q1 24 | — | $-0.67 |
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 | $399.1M |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $533.6M |
| 总资产 | $2.2B | $1.9B |
| 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LFSTLMND
| Q4 25 | $248.6M | $399.1M | ||
| Q3 25 | $203.9M | $369.4M | ||
| Q2 25 | $188.9M | $398.8M | ||
| Q1 25 | $134.3M | $329.7M | ||
| Q4 24 | $154.6M | $403.5M | ||
| Q3 24 | $102.6M | $360.9M | ||
| Q2 24 | $87.0M | $387.2M | ||
| Q1 24 | $49.5M | $300.8M |
总债务LFSTLMND
| 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LFSTLMND
| Q4 25 | $1.5B | $533.6M | ||
| Q3 25 | $1.5B | $516.2M | ||
| Q2 25 | $1.5B | $527.1M | ||
| Q1 25 | $1.5B | $545.5M | ||
| Q4 24 | $1.4B | $593.4M | ||
| Q3 24 | $1.4B | $593.0M | ||
| Q2 24 | $1.4B | $635.2M | ||
| Q1 24 | $1.4B | $676.4M |
总资产LFSTLMND
| Q4 25 | $2.2B | $1.9B | ||
| Q3 25 | $2.1B | $1.9B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.1B | $1.8B | ||
| Q3 24 | $2.1B | $1.8B | ||
| Q2 24 | $2.1B | $1.7B | ||
| Q1 24 | $2.1B | $1.6B |
负债/权益比LFSTLMND
| 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 | $-16.5M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $-25.9M |
| 自由现金流率自由现金流/营收 | 12.2% | -11.4% |
| 资本支出强度资本支出/营收 | 2.9% | 4.1% |
| 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 | $-69.4M |
8季度趋势，按日历期对齐
经营现金流LFSTLMND
| Q4 25 | $57.6M | $-16.5M | ||
| Q3 25 | $27.3M | $4.5M | ||
| Q2 25 | $64.4M | $5.5M | ||
| Q1 25 | $-3.1M | $-47.2M | ||
| Q4 24 | $62.3M | $-11.4M | ||
| Q3 24 | $22.7M | $16.3M | ||
| Q2 24 | $44.1M | $-11.7M | ||
| Q1 24 | $-21.8M | $-29.8M |
自由现金流LFSTLMND
| Q4 25 | $46.6M | $-25.9M | ||
| Q3 25 | $17.0M | $2.6M | ||
| Q2 25 | $56.6M | $3.4M | ||
| Q1 25 | $-10.3M | $-49.5M | ||
| Q4 24 | $56.0M | $-20.8M | ||
| Q3 24 | $17.7M | $14.1M | ||
| Q2 24 | $39.0M | $-13.2M | ||
| Q1 24 | $-26.9M | $-32.3M |
自由现金流率LFSTLMND
| Q4 25 | 12.2% | -11.4% | ||
| Q3 25 | 4.7% | 1.3% | ||
| Q2 25 | 16.4% | 2.1% | ||
| Q1 25 | -3.1% | -32.7% | ||
| Q4 24 | 17.2% | -14.0% | ||
| Q3 24 | 5.7% | 10.3% | ||
| Q2 24 | 12.5% | -10.8% | ||
| Q1 24 | -9.0% | -27.1% |
资本支出强度LFSTLMND
| Q4 25 | 2.9% | 4.1% | ||
| Q3 25 | 2.8% | 1.0% | ||
| Q2 25 | 2.2% | 1.3% | ||
| Q1 25 | 2.2% | 1.5% | ||
| Q4 24 | 1.9% | 6.3% | ||
| Q3 24 | 1.6% | 1.6% | ||
| Q2 24 | 1.6% | 1.2% | ||
| Q1 24 | 1.7% | 2.1% |
现金转化率LFSTLMND
| 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
