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LifeStance Health Group, Inc.（LFST）与晨星（MORN）财务数据对比。点击上方公司名可切换其他公司
晨星的季度营收约是LifeStance Health Group, Inc.的1.7倍（$644.8M vs $382.2M），LifeStance Health Group, Inc.同比增速更快（17.4% vs 10.8%），晨星自由现金流更多（$53.6M vs $46.6M），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 6.2%）
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。
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
LFST vs MORN — 直观对比
营收规模更大
MORN
是对方的1.7倍
$382.2M
营收增速更快
LFST
高出6.6%
10.8%
自由现金流更多
MORN
多$7.0M
$46.6M
两年增速更快
LFST
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $644.8M |
| 净利润 | $11.7M | — |
| 毛利率 | — | 62.9% |
| 营业利润率 | 4.7% | 24.2% |
| 净利率 | 3.1% | — |
| 营收同比 | 17.4% | 10.8% |
| 净利润同比 | 264.1% | — |
| 每股收益（稀释后） | — | $2.73 |
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LFSTMORN
| Q1 26 | — | $644.8M | ||
| Q4 25 | $382.2M | $641.1M | ||
| Q3 25 | $363.8M | $617.4M | ||
| Q2 25 | $345.3M | $605.1M | ||
| Q1 25 | $333.0M | $581.9M | ||
| Q4 24 | $325.5M | $591.0M | ||
| Q3 24 | $312.7M | $569.4M | ||
| Q2 24 | $312.3M | $571.9M |
净利润LFSTMORN
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $115.1M | ||
| Q3 25 | $1.1M | $91.6M | ||
| Q2 25 | $-3.8M | $89.0M | ||
| Q1 25 | $709.0K | $78.5M | ||
| Q4 24 | $-7.1M | $116.9M | ||
| Q3 24 | $-6.0M | $119.7M | ||
| Q2 24 | $-23.3M | $69.1M |
毛利率LFSTMORN
| Q1 26 | — | 62.9% | ||
| Q4 25 | — | 61.1% | ||
| Q3 25 | — | 60.9% | ||
| Q2 25 | — | 61.9% | ||
| Q1 25 | — | 60.2% | ||
| Q4 24 | — | 60.7% | ||
| Q3 24 | — | 60.9% | ||
| Q2 24 | — | 61.1% |
营业利润率LFSTMORN
| Q1 26 | — | 24.2% | ||
| Q4 25 | 4.7% | 24.9% | ||
| Q3 25 | 2.0% | 20.7% | ||
| Q2 25 | -0.9% | 20.7% | ||
| Q1 25 | 0.5% | 19.6% | ||
| Q4 24 | 0.3% | 28.5% | ||
| Q3 24 | 0.0% | 20.3% | ||
| Q2 24 | -5.1% | 19.0% |
净利率LFSTMORN
| Q1 26 | — | — | ||
| Q4 25 | 3.1% | 18.0% | ||
| Q3 25 | 0.3% | 14.8% | ||
| Q2 25 | -1.1% | 14.7% | ||
| Q1 25 | 0.2% | 13.5% | ||
| Q4 24 | -2.2% | 19.8% | ||
| Q3 24 | -1.9% | 21.0% | ||
| Q2 24 | -7.5% | 12.1% |
每股收益（稀释后）LFSTMORN
| Q1 26 | — | $2.73 | ||
| Q4 25 | — | $2.79 | ||
| Q3 25 | — | $2.17 | ||
| Q2 25 | — | $2.09 | ||
| Q1 25 | — | $1.82 | ||
| Q4 24 | — | $2.72 | ||
| Q3 24 | — | $2.77 | ||
| Q2 24 | — | $1.60 |
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 | $492.8M |
| 总债务越低越好 | $282.8M | $1.7B |
| 股东权益账面价值 | $1.5B | $1.0B |
| 总资产 | $2.2B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.19× | 1.68× |
8季度趋势，按日历期对齐
现金及短期投资LFSTMORN
| Q1 26 | — | $492.8M | ||
| Q4 25 | $248.6M | $528.7M | ||
| Q3 25 | $203.9M | $40.3M | ||
| Q2 25 | $188.9M | $38.1M | ||
| Q1 25 | $134.3M | $47.7M | ||
| Q4 24 | $154.6M | $551.0M | ||
| Q3 24 | $102.6M | $48.8M | ||
| Q2 24 | $87.0M | $48.0M |
总债务LFSTMORN
| Q1 26 | — | $1.7B | ||
| Q4 25 | $282.8M | — | ||
| Q3 25 | $284.6M | $848.9M | ||
| Q2 25 | $286.4M | $838.8M | ||
| Q1 25 | $288.2M | $803.7M | ||
| Q4 24 | $290.0M | $698.6M | ||
| Q3 24 | $287.3M | $864.7M | ||
| Q2 24 | $288.0M | $899.6M |
股东权益LFSTMORN
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.4B |
总资产LFSTMORN
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.2B | $3.6B | ||
| Q3 25 | $2.1B | $3.6B | ||
| Q2 25 | $2.1B | $3.6B | ||
| Q1 25 | $2.1B | $3.6B | ||
| Q4 24 | $2.1B | $3.5B | ||
| Q3 24 | $2.1B | $3.6B | ||
| Q2 24 | $2.1B | $3.4B |
负债/权益比LFSTMORN
| Q1 26 | — | 1.68× | ||
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | 0.56× | ||
| Q2 25 | 0.19× | 0.52× | ||
| Q1 25 | 0.20× | 0.50× | ||
| Q4 24 | 0.20× | 0.43× | ||
| Q3 24 | 0.20× | 0.55× | ||
| Q2 24 | 0.20× | 0.63× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $53.6M |
| 自由现金流率自由现金流/营收 | 12.2% | 8.3% |
| 资本支出强度资本支出/营收 | 2.9% | 5.9% |
| 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 | $110.0M | $437.4M |
8季度趋势，按日历期对齐
经营现金流LFSTMORN
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $204.0M | ||
| Q3 25 | $27.3M | $195.7M | ||
| Q2 25 | $64.4M | $99.0M | ||
| Q1 25 | $-3.1M | $91.0M | ||
| Q4 24 | $62.3M | $153.4M | ||
| Q3 24 | $22.7M | $191.9M | ||
| Q2 24 | $44.1M | $152.7M |
自由现金流LFSTMORN
| Q1 26 | — | $53.6M | ||
| Q4 25 | $46.6M | $161.3M | ||
| Q3 25 | $17.0M | $160.1M | ||
| Q2 25 | $56.6M | $62.4M | ||
| Q1 25 | $-10.3M | $58.8M | ||
| Q4 24 | $56.0M | $112.8M | ||
| Q3 24 | $17.7M | $155.8M | ||
| Q2 24 | $39.0M | $120.8M |
自由现金流率LFSTMORN
| Q1 26 | — | 8.3% | ||
| Q4 25 | 12.2% | 25.2% | ||
| Q3 25 | 4.7% | 25.9% | ||
| Q2 25 | 16.4% | 10.3% | ||
| Q1 25 | -3.1% | 10.1% | ||
| Q4 24 | 17.2% | 19.1% | ||
| Q3 24 | 5.7% | 27.4% | ||
| Q2 24 | 12.5% | 21.1% |
资本支出强度LFSTMORN
| Q1 26 | — | 5.9% | ||
| Q4 25 | 2.9% | 6.7% | ||
| Q3 25 | 2.8% | 5.8% | ||
| Q2 25 | 2.2% | 6.0% | ||
| Q1 25 | 2.2% | 5.5% | ||
| Q4 24 | 1.9% | 6.9% | ||
| Q3 24 | 1.6% | 6.3% | ||
| Q2 24 | 1.6% | 5.6% |
现金转化率LFSTMORN
| Q1 26 | — | — | ||
| Q4 25 | 4.93× | 1.77× | ||
| Q3 25 | 25.34× | 2.14× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | -4.36× | 1.16× | ||
| Q4 24 | — | 1.31× | ||
| Q3 24 | — | 1.60× | ||
| Q2 24 | — | 2.21× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
