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LifeStance Health Group, Inc.（LFST）与范尔度假村（MTN）财务数据对比。点击上方公司名可切换其他公司
LifeStance Health Group, Inc.的季度营收约是范尔度假村的1.4倍（$382.2M vs $271.0M），LifeStance Health Group, Inc.净利率更高（3.1% vs -68.9%，领先72.0%），LifeStance Health Group, Inc.同比增速更快（17.4% vs 4.1%），范尔度假村自由现金流更多（$244.3M vs $46.6M），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs -49.9%）
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。
范尔度假村是美国知名山地度假集团，总部位于科罗拉多州布鲁姆菲尔德。集团旗下在全球4个国家运营42家山地度假村，同时持有并运营酒店、民宿、公寓及高尔夫球场等各类度假不动产，为全球游客提供高品质的山地休闲与旅居服务。
LFST vs MTN — 直观对比
营收规模更大
LFST
是对方的1.4倍
$271.0M
营收增速更快
LFST
高出13.3%
4.1%
净利率更高
LFST
高出72.0%
-68.9%
自由现金流更多
MTN
多$197.6M
$46.6M
两年增速更快
LFST
近两年复合增速
-49.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $271.0M |
| 净利润 | $11.7M | $-186.8M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | -77.4% |
| 净利率 | 3.1% | -68.9% |
| 营收同比 | 17.4% | 4.1% |
| 净利润同比 | 264.1% | -8.1% |
| 每股收益（稀释后） | — | $-5.20 |
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LFSTMTN
| Q4 25 | $382.2M | $271.0M | ||
| Q3 25 | $363.8M | $271.3M | ||
| Q2 25 | $345.3M | $1.3B | ||
| Q1 25 | $333.0M | $1.1B | ||
| Q4 24 | $325.5M | $260.3M | ||
| Q3 24 | $312.7M | $265.4M | ||
| Q2 24 | $312.3M | $1.3B | ||
| Q1 24 | $300.4M | $1.1B |
净利润LFSTMTN
| Q4 25 | $11.7M | $-186.8M | ||
| Q3 25 | $1.1M | $-185.5M | ||
| Q2 25 | $-3.8M | $392.8M | ||
| Q1 25 | $709.0K | $245.5M | ||
| Q4 24 | $-7.1M | $-172.8M | ||
| Q3 24 | $-6.0M | $-175.4M | ||
| Q2 24 | $-23.3M | $362.0M | ||
| Q1 24 | $-21.1M | $219.3M |
营业利润率LFSTMTN
| Q4 25 | 4.7% | -77.4% | ||
| Q3 25 | 2.0% | -75.1% | ||
| Q2 25 | -0.9% | 44.9% | ||
| Q1 25 | 0.5% | 33.8% | ||
| Q4 24 | 0.3% | -77.6% | ||
| Q3 24 | 0.0% | -74.9% | ||
| Q2 24 | -5.1% | 42.6% | ||
| Q1 24 | -5.6% | 32.5% |
净利率LFSTMTN
| Q4 25 | 3.1% | -68.9% | ||
| Q3 25 | 0.3% | -68.4% | ||
| Q2 25 | -1.1% | 30.3% | ||
| Q1 25 | 0.2% | 21.6% | ||
| Q4 24 | -2.2% | -66.4% | ||
| Q3 24 | -1.9% | -66.1% | ||
| Q2 24 | -7.5% | 28.2% | ||
| Q1 24 | -7.0% | 20.3% |
每股收益（稀释后）LFSTMTN
| Q4 25 | — | $-5.20 | ||
| Q3 25 | — | $-4.96 | ||
| Q2 25 | — | $10.54 | ||
| Q1 25 | — | $6.56 | ||
| Q4 24 | — | $-4.61 | ||
| Q3 24 | — | $-4.63 | ||
| Q2 24 | — | $9.54 | ||
| Q1 24 | — | $5.76 |
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 | $581.5M |
| 总债务越低越好 | $282.8M | $2.6B |
| 股东权益账面价值 | $1.5B | $156.5M |
| 总资产 | $2.2B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.19× | 16.51× |
8季度趋势，按日历期对齐
现金及短期投资LFSTMTN
| Q4 25 | $248.6M | $581.5M | ||
| Q3 25 | $203.9M | $440.3M | ||
| Q2 25 | $188.9M | $467.0M | ||
| Q1 25 | $134.3M | $488.2M | ||
| Q4 24 | $154.6M | $403.8M | ||
| Q3 24 | $102.6M | $322.8M | ||
| Q2 24 | $87.0M | $705.4M | ||
| Q1 24 | $49.5M | $812.2M |
总债务LFSTMTN
| Q4 25 | $282.8M | $2.6B | ||
| Q3 25 | $284.6M | $2.6B | ||
| Q2 25 | $286.4M | $2.1B | ||
| Q1 25 | $288.2M | $2.1B | ||
| Q4 24 | $290.0M | $2.7B | ||
| Q3 24 | $287.3M | $2.7B | ||
| Q2 24 | $288.0M | $2.7B | ||
| Q1 24 | $288.8M | $2.7B |
股东权益LFSTMTN
| Q4 25 | $1.5B | $156.5M | ||
| Q3 25 | $1.5B | $424.5M | ||
| Q2 25 | $1.5B | $895.4M | ||
| Q1 25 | $1.5B | $530.7M | ||
| Q4 24 | $1.4B | $444.1M | ||
| Q3 24 | $1.4B | $723.5M | ||
| Q2 24 | $1.4B | $1.0B | ||
| Q1 24 | $1.4B | $829.9M |
总资产LFSTMTN
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $5.8B | ||
| Q1 25 | $2.1B | $5.5B | ||
| Q4 24 | $2.1B | $5.6B | ||
| Q3 24 | $2.1B | $5.7B | ||
| Q2 24 | $2.1B | $5.8B | ||
| Q1 24 | $2.1B | $5.8B |
负债/权益比LFSTMTN
| Q4 25 | 0.19× | 16.51× | ||
| Q3 25 | 0.19× | 6.11× | ||
| Q2 25 | 0.19× | 2.35× | ||
| Q1 25 | 0.20× | 3.99× | ||
| Q4 24 | 0.20× | 6.10× | ||
| Q3 24 | 0.20× | 3.76× | ||
| Q2 24 | 0.20× | 2.69× | ||
| Q1 24 | 0.20× | 3.28× |
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 | $315.9M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $244.3M |
| 自由现金流率自由现金流/营收 | 12.2% | 90.1% |
| 资本支出强度资本支出/营收 | 2.9% | 26.4% |
| 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 | $352.5M |
8季度趋势，按日历期对齐
经营现金流LFSTMTN
| Q4 25 | $57.6M | $315.9M | ||
| Q3 25 | $27.3M | $-171.6M | ||
| Q2 25 | $64.4M | $117.7M | ||
| Q1 25 | $-3.1M | $326.3M | ||
| Q4 24 | $62.3M | $282.4M | ||
| Q3 24 | $22.7M | $-94.2M | ||
| Q2 24 | $44.1M | $109.9M | ||
| Q1 24 | $-21.8M | $242.7M |
自由现金流LFSTMTN
| Q4 25 | $46.6M | $244.3M | ||
| Q3 25 | $17.0M | $-227.5M | ||
| Q2 25 | $56.6M | $84.5M | ||
| Q1 25 | $-10.3M | $251.2M | ||
| Q4 24 | $56.0M | $211.4M | ||
| Q3 24 | $17.7M | $-150.3M | ||
| Q2 24 | $39.0M | $85.0M | ||
| Q1 24 | $-26.9M | $165.8M |
自由现金流率LFSTMTN
| Q4 25 | 12.2% | 90.1% | ||
| Q3 25 | 4.7% | -83.9% | ||
| Q2 25 | 16.4% | 6.5% | ||
| Q1 25 | -3.1% | 22.1% | ||
| Q4 24 | 17.2% | 81.2% | ||
| Q3 24 | 5.7% | -56.6% | ||
| Q2 24 | 12.5% | 6.6% | ||
| Q1 24 | -9.0% | 15.4% |
资本支出强度LFSTMTN
| Q4 25 | 2.9% | 26.4% | ||
| Q3 25 | 2.8% | 20.6% | ||
| Q2 25 | 2.2% | 2.6% | ||
| Q1 25 | 2.2% | 6.6% | ||
| Q4 24 | 1.9% | 27.3% | ||
| Q3 24 | 1.6% | 21.1% | ||
| Q2 24 | 1.6% | 1.9% | ||
| Q1 24 | 1.7% | 7.1% |
现金转化率LFSTMTN
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | — | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | -4.36× | 1.33× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.30× | ||
| Q1 24 | — | 1.11× |
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
MTN
| Dining | $84.6M | 31% |
| Lodgingrevenueexcludingpayrollcostreimbursements | $67.2M | 25% |
| Other Mountain Revenue | $55.1M | 20% |
| Managedcondominiumrooms | $26.1M | 10% |
| Owned Hotel Revenue | $12.7M | 5% |
| Other Lodging Revenue | $10.2M | 4% |
| Other | $5.9M | 2% |
| Transportation | $4.8M | 2% |
| Payrollcostreimbursements | $4.4M | 2% |
