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LifeStance Health Group, Inc.（LFST）与Madison Square Garden Entertainment Corp.（MSGE）财务数据对比。点击上方公司名可切换其他公司
Madison Square Garden Entertainment Corp.的季度营收约是LifeStance Health Group, Inc.的1.1倍（$424.8M vs $382.2M），Madison Square Garden Entertainment Corp.净利率更高（21.8% vs 3.1%，领先18.8%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 12.5%），过去两年Madison Square Garden Entertainment Corp.的营收复合增速更高（48.9% 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。
麦迪逊广场花园娱乐公司是总部位于美国纽约的体育控股企业，依托麦迪逊广场花园的核心资源，在体育赛事运营、体育IP管理及相关商业化领域拥有深厚行业积累与广泛影响力。
LFST vs MSGE — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $424.8M |
| 净利润 | $11.7M | $92.7M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | 38.6% |
| 净利率 | 3.1% | 21.8% |
| 营收同比 | 17.4% | 12.5% |
| 净利润同比 | 264.1% | 22.2% |
| 每股收益（稀释后） | — | $1.94 |
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 | $382.2M | $424.8M | ||
| Q3 25 | $363.8M | $154.1M | ||
| Q2 25 | $345.3M | $145.1M | ||
| Q1 25 | $333.0M | $206.0M | ||
| Q4 24 | $325.5M | $377.6M | ||
| Q3 24 | $312.7M | $134.1M | ||
| Q2 24 | $312.3M | $177.6M | ||
| Q1 24 | $300.4M | $191.6M |
| Q4 25 | $11.7M | $92.7M | ||
| Q3 25 | $1.1M | $-21.7M | ||
| Q2 25 | $-3.8M | $-27.2M | ||
| Q1 25 | $709.0K | $8.0M | ||
| Q4 24 | $-7.1M | $75.9M | ||
| Q3 24 | $-6.0M | $-19.3M | ||
| Q2 24 | $-23.3M | $66.9M | ||
| Q1 24 | $-21.1M | $2.8M |
| Q4 25 | 4.7% | 38.6% | ||
| Q3 25 | 2.0% | -19.3% | ||
| Q2 25 | -0.9% | -17.7% | ||
| Q1 25 | 0.5% | 13.3% | ||
| Q4 24 | 0.3% | 36.8% | ||
| Q3 24 | 0.0% | -13.8% | ||
| Q2 24 | -5.1% | -5.0% | ||
| Q1 24 | -5.6% | 8.8% |
| Q4 25 | 3.1% | 21.8% | ||
| Q3 25 | 0.3% | -14.0% | ||
| Q2 25 | -1.1% | -18.7% | ||
| Q1 25 | 0.2% | 3.9% | ||
| Q4 24 | -2.2% | 20.1% | ||
| Q3 24 | -1.9% | -14.4% | ||
| Q2 24 | -7.5% | 37.7% | ||
| Q1 24 | -7.0% | 1.5% |
| Q4 25 | — | $1.94 | ||
| Q3 25 | — | $-0.46 | ||
| Q2 25 | — | $-0.56 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $1.56 | ||
| Q3 24 | — | $-0.40 | ||
| Q2 24 | — | $1.32 | ||
| Q1 24 | — | $0.06 |
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 | $157.1M |
| 总债务越低越好 | $282.8M | $554.6M |
| 股东权益账面价值 | $1.5B | $36.0M |
| 总资产 | $2.2B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.19× | 15.40× |
8季度趋势，按日历期对齐
| Q4 25 | $248.6M | $157.1M | ||
| Q3 25 | $203.9M | $29.9M | ||
| Q2 25 | $188.9M | $43.0M | ||
| Q1 25 | $134.3M | $89.0M | ||
| Q4 24 | $154.6M | $54.9M | ||
| Q3 24 | $102.6M | $37.3M | ||
| Q2 24 | $87.0M | $33.3M | ||
| Q1 24 | $49.5M | $28.0M |
| Q4 25 | $282.8M | $554.6M | ||
| Q3 25 | $284.6M | $581.7M | ||
| Q2 25 | $286.4M | $568.8M | ||
| Q1 25 | $288.2M | $577.4M | ||
| Q4 24 | $290.0M | $584.7M | ||
| Q3 24 | $287.3M | $647.0M | ||
| Q2 24 | $288.0M | $599.2M | ||
| Q1 24 | $288.8M | $602.5M |
| Q4 25 | $1.5B | $36.0M | ||
| Q3 25 | $1.5B | $-65.8M | ||
| Q2 25 | $1.5B | $-13.3M | ||
| Q1 25 | $1.5B | $9.5M | ||
| Q4 24 | $1.4B | $10.3M | ||
| Q3 24 | $1.4B | $-48.7M | ||
| Q2 24 | $1.4B | $-23.2M | ||
| Q1 24 | $1.4B | $-94.6M |
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.1B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.1B | $1.6B | ||
| Q1 24 | $2.1B | $1.5B |
| Q4 25 | 0.19× | 15.40× | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.20× | 60.61× | ||
| Q4 24 | 0.20× | 56.61× | ||
| 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 | $164.4M |
| 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× | 1.77× |
| 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
| Q4 25 | $57.6M | $164.4M | ||
| Q3 25 | $27.3M | $19.8M | ||
| Q2 25 | $64.4M | $-27.0M | ||
| Q1 25 | $-3.1M | $56.8M | ||
| Q4 24 | $62.3M | $112.9M | ||
| Q3 24 | $22.7M | $-27.4M | ||
| Q2 24 | $44.1M | $212.0K | ||
| Q1 24 | $-21.8M | $5.8M |
| Q4 25 | $46.6M | — | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $56.6M | — | ||
| Q1 25 | $-10.3M | — | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $17.7M | — | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $-26.9M | — |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | -9.0% | — |
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | 4.93× | 1.77× | ||
| Q3 25 | 25.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.36× | 7.07× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 2.08× |
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
MSGE
| Ticketing And Venue License Fee Revenues | $263.5M | 62% |
| Food Beverage And Merchandise Revenues | $64.3M | 15% |
| Related Party | $43.9M | 10% |
| Arena Licensing Fees And Other Leasing Revenue | $35.2M | 8% |
| Other | $15.9M | 4% |
