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LifeStance Health Group, Inc.（LFST）与Stride, Inc.（LRN）财务数据对比。点击上方公司名可切换其他公司
Stride, Inc.的季度营收约是LifeStance Health Group, Inc.的1.6倍（$629.9M vs $382.2M），Stride, Inc.净利率更高（14.1% vs 3.1%，领先11.0%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 2.7%），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 6.9%）
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。
Stride, Inc.是一家营利性教育机构，主营在线及混合式教育项目。作为教育管理机构，其为K12阶段公立学校学生提供替代传统线下教学的在线教育方案，同时也开设职业学习课程。截至2012年，这家上市企业是全球招生规模最大的教育管理机构。
LFST vs LRN — 直观对比
营收规模更大
LRN
是对方的1.6倍
$382.2M
营收增速更快
LFST
高出14.7%
2.7%
净利率更高
LRN
高出11.0%
3.1%
两年增速更快
LFST
近两年复合增速
6.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $629.9M |
| 净利润 | $11.7M | $88.5M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | 20.5% |
| 净利率 | 3.1% | 14.1% |
| 营收同比 | 17.4% | 2.7% |
| 净利润同比 | 264.1% | 8.5% |
| 每股收益（稀释后） | — | $1.93 |
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LFSTLRN
| Q3 26 | — | $629.9M | ||
| Q4 25 | $382.2M | $631.3M | ||
| Q3 25 | $363.8M | $620.9M | ||
| Q2 25 | $345.3M | $653.6M | ||
| Q1 25 | $333.0M | $613.4M | ||
| Q4 24 | $325.5M | $587.2M | ||
| Q3 24 | $312.7M | $551.1M | ||
| Q2 24 | $312.3M | — |
净利润LFSTLRN
| Q3 26 | — | $88.5M | ||
| Q4 25 | $11.7M | $99.5M | ||
| Q3 25 | $1.1M | $68.8M | ||
| Q2 25 | $-3.8M | $51.3M | ||
| Q1 25 | $709.0K | $99.3M | ||
| Q4 24 | $-7.1M | $96.4M | ||
| Q3 24 | $-6.0M | $40.9M | ||
| Q2 24 | $-23.3M | — |
毛利率LFSTLRN
| Q3 26 | — | — | ||
| Q4 25 | — | 41.1% | ||
| Q3 25 | — | 39.0% | ||
| Q2 25 | — | 36.6% | ||
| Q1 25 | — | 40.6% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 39.2% | ||
| Q2 24 | — | — |
营业利润率LFSTLRN
| Q3 26 | — | 20.5% | ||
| Q4 25 | 4.7% | 23.3% | ||
| Q3 25 | 2.0% | 11.1% | ||
| Q2 25 | -0.9% | 8.7% | ||
| Q1 25 | 0.5% | 21.3% | ||
| Q4 24 | 0.3% | 21.3% | ||
| Q3 24 | 0.0% | 8.6% | ||
| Q2 24 | -5.1% | — |
净利率LFSTLRN
| Q3 26 | — | 14.1% | ||
| Q4 25 | 3.1% | 15.8% | ||
| Q3 25 | 0.3% | 11.1% | ||
| Q2 25 | -1.1% | 7.9% | ||
| Q1 25 | 0.2% | 16.2% | ||
| Q4 24 | -2.2% | 16.4% | ||
| Q3 24 | -1.9% | 7.4% | ||
| Q2 24 | -7.5% | — |
每股收益（稀释后）LFSTLRN
| Q3 26 | — | $1.93 | ||
| Q4 25 | — | $2.12 | ||
| Q3 25 | — | $1.40 | ||
| Q2 25 | — | $0.96 | ||
| Q1 25 | — | $2.02 | ||
| Q4 24 | — | $2.03 | ||
| Q3 24 | — | $0.94 | ||
| Q2 24 | — | — |
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 | $614.0M |
| 总债务越低越好 | $282.8M | $417.6M |
| 股东权益账面价值 | $1.5B | $1.6B |
| 总资产 | $2.2B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资LFSTLRN
| Q3 26 | — | $614.0M | ||
| Q4 25 | $248.6M | $625.7M | ||
| Q3 25 | $203.9M | $715.1M | ||
| Q2 25 | $188.9M | $985.3M | ||
| Q1 25 | $134.3M | $723.7M | ||
| Q4 24 | $154.6M | $717.5M | ||
| Q3 24 | $102.6M | $522.2M | ||
| Q2 24 | $87.0M | — |
总债务LFSTLRN
| Q3 26 | — | $417.6M | ||
| Q4 25 | $282.8M | $417.2M | ||
| Q3 25 | $284.6M | $416.8M | ||
| Q2 25 | $286.4M | $416.3M | ||
| Q1 25 | $288.2M | $415.9M | ||
| Q4 24 | $290.0M | $415.5M | ||
| Q3 24 | $287.3M | $415.1M | ||
| Q2 24 | $288.0M | — |
股东权益LFSTLRN
| Q3 26 | — | $1.6B | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | — |
总资产LFSTLRN
| Q3 26 | — | $2.4B | ||
| Q4 25 | $2.2B | $2.3B | ||
| Q3 25 | $2.1B | $2.3B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.1B | $2.1B | ||
| Q3 24 | $2.1B | $2.0B | ||
| Q2 24 | $2.1B | — |
负债/权益比LFSTLRN
| Q3 26 | — | 0.25× | ||
| Q4 25 | 0.19× | 0.27× | ||
| Q3 25 | 0.19× | 0.27× | ||
| Q2 25 | 0.19× | 0.28× | ||
| Q1 25 | 0.20× | 0.29× | ||
| Q4 24 | 0.20× | 0.32× | ||
| Q3 24 | 0.20× | 0.34× | ||
| Q2 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 | $117.0M |
| 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× | 1.32× |
| 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LFSTLRN
| Q3 26 | — | $117.0M | ||
| Q4 25 | $57.6M | $91.8M | ||
| Q3 25 | $27.3M | $-195.8M | ||
| Q2 25 | $64.4M | $298.3M | ||
| Q1 25 | $-3.1M | $53.1M | ||
| Q4 24 | $62.3M | $223.4M | ||
| Q3 24 | $22.7M | $-142.0M | ||
| Q2 24 | $44.1M | — |
自由现金流LFSTLRN
| Q3 26 | — | — | ||
| Q4 25 | $46.6M | $91.6M | ||
| Q3 25 | $17.0M | $-196.1M | ||
| Q2 25 | $56.6M | $297.9M | ||
| Q1 25 | $-10.3M | $52.9M | ||
| Q4 24 | $56.0M | $222.9M | ||
| Q3 24 | $17.7M | $-142.7M | ||
| Q2 24 | $39.0M | — |
自由现金流率LFSTLRN
| Q3 26 | — | — | ||
| Q4 25 | 12.2% | 14.5% | ||
| Q3 25 | 4.7% | -31.6% | ||
| Q2 25 | 16.4% | 45.6% | ||
| Q1 25 | -3.1% | 8.6% | ||
| Q4 24 | 17.2% | 38.0% | ||
| Q3 24 | 5.7% | -25.9% | ||
| Q2 24 | 12.5% | — |
资本支出强度LFSTLRN
| Q3 26 | — | — | ||
| Q4 25 | 2.9% | 0.0% | ||
| Q3 25 | 2.8% | 0.0% | ||
| Q2 25 | 2.2% | 0.1% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | 1.9% | 0.1% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.6% | — |
现金转化率LFSTLRN
| Q3 26 | — | 1.32× | ||
| Q4 25 | 4.93× | 0.92× | ||
| Q3 25 | 25.34× | -2.85× | ||
| Q2 25 | — | 5.81× | ||
| Q1 25 | -4.36× | 0.53× | ||
| Q4 24 | — | 2.32× | ||
| Q3 24 | — | -3.47× | ||
| Q2 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
LFST
暂无分部数据
LRN
| General Education | $357.5M | 57% |
| Middle - High School | $259.5M | 41% |
| Adult | $12.9M | 2% |
