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LifeStance Health Group, Inc.（LFST）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是LifeStance Health Group, Inc.的1.6倍（$614.5M vs $382.2M），LifeStance Health Group, Inc.净利率更高（3.1% vs -2.0%，领先5.0%），Cloudflare, Inc.同比增速更快（33.6% vs 17.4%），Cloudflare, Inc.自由现金流更多（$105.2M vs $46.6M），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% 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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
LFST vs NET — 直观对比
营收规模更大
NET
是对方的1.6倍
$382.2M
营收增速更快
NET
高出16.2%
17.4%
净利率更高
LFST
高出5.0%
-2.0%
自由现金流更多
NET
多$58.6M
$46.6M
两年增速更快
NET
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $614.5M |
| 净利润 | $11.7M | $-12.1M |
| 毛利率 | — | 73.6% |
| 营业利润率 | 4.7% | -8.0% |
| 净利率 | 3.1% | -2.0% |
| 营收同比 | 17.4% | 33.6% |
| 净利润同比 | 264.1% | 6.0% |
| 每股收益（稀释后） | — | $-0.03 |
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LFSTNET
| Q4 25 | $382.2M | $614.5M | ||
| Q3 25 | $363.8M | $562.0M | ||
| Q2 25 | $345.3M | $512.3M | ||
| Q1 25 | $333.0M | $479.1M | ||
| Q4 24 | $325.5M | $459.9M | ||
| Q3 24 | $312.7M | $430.1M | ||
| Q2 24 | $312.3M | $401.0M | ||
| Q1 24 | $300.4M | $378.6M |
净利润LFSTNET
| Q4 25 | $11.7M | $-12.1M | ||
| Q3 25 | $1.1M | $-1.3M | ||
| Q2 25 | $-3.8M | $-50.4M | ||
| Q1 25 | $709.0K | $-38.5M | ||
| Q4 24 | $-7.1M | $-12.8M | ||
| Q3 24 | $-6.0M | $-15.3M | ||
| Q2 24 | $-23.3M | $-15.1M | ||
| Q1 24 | $-21.1M | $-35.5M |
毛利率LFSTNET
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
营业利润率LFSTNET
| Q4 25 | 4.7% | -8.0% | ||
| Q3 25 | 2.0% | -6.7% | ||
| Q2 25 | -0.9% | -13.1% | ||
| Q1 25 | 0.5% | -11.1% | ||
| Q4 24 | 0.3% | -7.5% | ||
| Q3 24 | 0.0% | -7.2% | ||
| Q2 24 | -5.1% | -8.7% | ||
| Q1 24 | -5.6% | -14.4% |
净利率LFSTNET
| Q4 25 | 3.1% | -2.0% | ||
| Q3 25 | 0.3% | -0.2% | ||
| Q2 25 | -1.1% | -9.8% | ||
| Q1 25 | 0.2% | -8.0% | ||
| Q4 24 | -2.2% | -2.8% | ||
| Q3 24 | -1.9% | -3.6% | ||
| Q2 24 | -7.5% | -3.8% | ||
| Q1 24 | -7.0% | -9.4% |
每股收益（稀释后）LFSTNET
| Q4 25 | — | $-0.03 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.11 | ||
| Q4 24 | — | $-0.05 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $-0.10 |
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 | $943.5M |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $1.5B |
| 总资产 | $2.2B | $6.0B |
| 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LFSTNET
| Q4 25 | $248.6M | $943.5M | ||
| Q3 25 | $203.9M | $1.1B | ||
| Q2 25 | $188.9M | $1.5B | ||
| Q1 25 | $134.3M | $204.5M | ||
| Q4 24 | $154.6M | $147.7M | ||
| Q3 24 | $102.6M | $182.9M | ||
| Q2 24 | $87.0M | $157.0M | ||
| Q1 24 | $49.5M | $254.4M |
总债务LFSTNET
| 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LFSTNET
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.5B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $973.1M | ||
| Q2 24 | $1.4B | $881.5M | ||
| Q1 24 | $1.4B | $797.2M |
总资产LFSTNET
| Q4 25 | $2.2B | $6.0B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $5.6B | ||
| Q1 25 | $2.1B | $3.7B | ||
| Q4 24 | $2.1B | $3.3B | ||
| Q3 24 | $2.1B | $3.1B | ||
| Q2 24 | $2.1B | $2.9B | ||
| Q1 24 | $2.1B | $2.8B |
负债/权益比LFSTNET
| 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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $105.2M |
| 自由现金流率自由现金流/营收 | 12.2% | 17.1% |
| 资本支出强度资本支出/营收 | 2.9% | 13.9% |
| 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 | $287.5M |
8季度趋势，按日历期对齐
经营现金流LFSTNET
| Q4 25 | $57.6M | $190.4M | ||
| Q3 25 | $27.3M | $167.1M | ||
| Q2 25 | $64.4M | $99.8M | ||
| Q1 25 | $-3.1M | $145.8M | ||
| Q4 24 | $62.3M | $127.3M | ||
| Q3 24 | $22.7M | $104.7M | ||
| Q2 24 | $44.1M | $74.8M | ||
| Q1 24 | $-21.8M | $73.6M |
自由现金流LFSTNET
| Q4 25 | $46.6M | $105.2M | ||
| Q3 25 | $17.0M | $82.5M | ||
| Q2 25 | $56.6M | $39.9M | ||
| Q1 25 | $-10.3M | $59.9M | ||
| Q4 24 | $56.0M | $54.2M | ||
| Q3 24 | $17.7M | $54.5M | ||
| Q2 24 | $39.0M | $45.2M | ||
| Q1 24 | $-26.9M | $41.5M |
自由现金流率LFSTNET
| Q4 25 | 12.2% | 17.1% | ||
| Q3 25 | 4.7% | 14.7% | ||
| Q2 25 | 16.4% | 7.8% | ||
| Q1 25 | -3.1% | 12.5% | ||
| Q4 24 | 17.2% | 11.8% | ||
| Q3 24 | 5.7% | 12.7% | ||
| Q2 24 | 12.5% | 11.3% | ||
| Q1 24 | -9.0% | 11.0% |
资本支出强度LFSTNET
| Q4 25 | 2.9% | 13.9% | ||
| Q3 25 | 2.8% | 15.1% | ||
| Q2 25 | 2.2% | 11.7% | ||
| Q1 25 | 2.2% | 17.9% | ||
| Q4 24 | 1.9% | 15.9% | ||
| Q3 24 | 1.6% | 11.7% | ||
| Q2 24 | 1.6% | 7.4% | ||
| Q1 24 | 1.7% | 8.5% |
现金转化率LFSTNET
| 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
业务分部营收拆解
LFST
暂无分部数据
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
