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LifeStance Health Group, Inc.（LFST）与PLUG POWER INC（PLUG）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PLUG POWER INC的1.7倍（$382.2M vs $225.2M），LifeStance Health Group, Inc.净利率更高（3.1% vs -375.6%，领先378.7%），PLUG POWER INC同比增速更快（17.6% vs 17.4%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $-153.0M），过去两年PLUG POWER INC的营收复合增速更高（36.8% 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。
普拉格能源是一家美国企业，专注于氢燃料电池和电解槽系统的研发，其产品可替代电动设备及车辆所使用的传统电池。公司总部位于纽约州斯林格兰兹，在华盛顿州斯波坎、纽约州罗切斯特均设有生产运营基地。
LFST vs PLUG — 直观对比
营收规模更大
LFST
是对方的1.7倍
$225.2M
营收增速更快
PLUG
高出0.2%
17.4%
净利率更高
LFST
高出378.7%
-375.6%
自由现金流更多
LFST
多$199.7M
$-153.0M
两年增速更快
PLUG
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $225.2M |
| 净利润 | $11.7M | $-846.0M |
| 毛利率 | — | 2.4% |
| 营业利润率 | 4.7% | -338.9% |
| 净利率 | 3.1% | -375.6% |
| 营收同比 | 17.4% | 17.6% |
| 净利润同比 | 264.1% | 36.7% |
| 每股收益（稀释后） | — | $-0.70 |
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LFSTPLUG
| Q4 25 | $382.2M | $225.2M | ||
| Q3 25 | $363.8M | $177.1M | ||
| Q2 25 | $345.3M | $174.0M | ||
| Q1 25 | $333.0M | $133.7M | ||
| Q4 24 | $325.5M | $191.5M | ||
| Q3 24 | $312.7M | $173.7M | ||
| Q2 24 | $312.3M | $143.3M | ||
| Q1 24 | $300.4M | $120.3M |
净利润LFSTPLUG
| Q4 25 | $11.7M | $-846.0M | ||
| Q3 25 | $1.1M | $-361.9M | ||
| Q2 25 | $-3.8M | $-227.1M | ||
| Q1 25 | $709.0K | $-196.7M | ||
| Q4 24 | $-7.1M | $-1.3B | ||
| Q3 24 | $-6.0M | $-211.2M | ||
| Q2 24 | $-23.3M | $-262.3M | ||
| Q1 24 | $-21.1M | $-295.8M |
毛利率LFSTPLUG
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | -67.9% | ||
| Q2 25 | — | -30.7% | ||
| Q1 25 | — | -55.3% | ||
| Q4 24 | — | -122.5% | ||
| Q3 24 | — | -57.6% | ||
| Q2 24 | — | -91.6% | ||
| Q1 24 | — | -132.3% |
营业利润率LFSTPLUG
| Q4 25 | 4.7% | -338.9% | ||
| Q3 25 | 2.0% | -197.0% | ||
| Q2 25 | -0.9% | -101.7% | ||
| Q1 25 | 0.5% | -133.5% | ||
| Q4 24 | 0.3% | -678.7% | ||
| Q3 24 | 0.0% | -124.4% | ||
| Q2 24 | -5.1% | -170.7% | ||
| Q1 24 | -5.6% | -215.7% |
净利率LFSTPLUG
| Q4 25 | 3.1% | -375.6% | ||
| Q3 25 | 0.3% | -204.4% | ||
| Q2 25 | -1.1% | -130.5% | ||
| Q1 25 | 0.2% | -147.1% | ||
| Q4 24 | -2.2% | -697.5% | ||
| Q3 24 | -1.9% | -121.5% | ||
| Q2 24 | -7.5% | -183.0% | ||
| Q1 24 | -7.0% | -245.9% |
每股收益（稀释后）LFSTPLUG
| Q4 25 | — | $-0.70 | ||
| Q3 25 | — | $-0.31 | ||
| Q2 25 | — | $-0.20 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-1.61 | ||
| Q3 24 | — | $-0.25 | ||
| Q2 24 | — | $-0.36 | ||
| Q1 24 | — | $-0.46 |
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 | $368.5M |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $978.1M |
| 总资产 | $2.2B | $2.6B |
| 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LFSTPLUG
| Q4 25 | $248.6M | $368.5M | ||
| Q3 25 | $203.9M | $165.9M | ||
| Q2 25 | $188.9M | $140.7M | ||
| Q1 25 | $134.3M | $295.8M | ||
| Q4 24 | $154.6M | $205.7M | ||
| Q3 24 | $102.6M | $93.9M | ||
| Q2 24 | $87.0M | $62.4M | ||
| Q1 24 | $49.5M | $172.9M |
总债务LFSTPLUG
| Q4 25 | $282.8M | — | ||
| Q3 25 | $284.6M | — | ||
| Q2 25 | $286.4M | — | ||
| Q1 25 | $288.2M | — | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $287.3M | $3.9M | ||
| Q2 24 | $288.0M | $3.7M | ||
| Q1 24 | $288.8M | $3.8M |
股东权益LFSTPLUG
| Q4 25 | $1.5B | $978.1M | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.4B | $3.0B | ||
| Q1 24 | $1.4B | $2.9B |
总资产LFSTPLUG
| Q4 25 | $2.2B | $2.6B | ||
| Q3 25 | $2.1B | $3.1B | ||
| Q2 25 | $2.1B | $3.4B | ||
| Q1 25 | $2.1B | $3.6B | ||
| Q4 24 | $2.1B | $3.6B | ||
| Q3 24 | $2.1B | $4.7B | ||
| Q2 24 | $2.1B | $4.8B | ||
| Q1 24 | $2.1B | $4.8B |
负债/权益比LFSTPLUG
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.20× | 0.00× | ||
| Q2 24 | 0.20× | 0.00× | ||
| Q1 24 | 0.20× | 0.00× |
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 | $-148.6M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $-153.0M |
| 自由现金流率自由现金流/营收 | 12.2% | -67.9% |
| 资本支出强度资本支出/营收 | 2.9% | 1.9% |
| 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 | $-647.0M |
8季度趋势，按日历期对齐
经营现金流LFSTPLUG
| Q4 25 | $57.6M | $-148.6M | ||
| Q3 25 | $27.3M | $-89.8M | ||
| Q2 25 | $64.4M | $-191.8M | ||
| Q1 25 | $-3.1M | $-105.6M | ||
| Q4 24 | $62.3M | $-131.2M | ||
| Q3 24 | $22.7M | $-174.9M | ||
| Q2 24 | $44.1M | $-254.7M | ||
| Q1 24 | $-21.8M | $-167.7M |
自由现金流LFSTPLUG
| Q4 25 | $46.6M | $-153.0M | ||
| Q3 25 | $17.0M | $-117.5M | ||
| Q2 25 | $56.6M | $-230.4M | ||
| Q1 25 | $-10.3M | $-146.0M | ||
| Q4 24 | $56.0M | $-165.2M | ||
| Q3 24 | $17.7M | $-234.2M | ||
| Q2 24 | $39.0M | $-356.0M | ||
| Q1 24 | $-26.9M | $-260.3M |
自由现金流率LFSTPLUG
| Q4 25 | 12.2% | -67.9% | ||
| Q3 25 | 4.7% | -66.4% | ||
| Q2 25 | 16.4% | -132.5% | ||
| Q1 25 | -3.1% | -109.2% | ||
| Q4 24 | 17.2% | -86.3% | ||
| Q3 24 | 5.7% | -134.8% | ||
| Q2 24 | 12.5% | -248.4% | ||
| Q1 24 | -9.0% | -216.5% |
资本支出强度LFSTPLUG
| Q4 25 | 2.9% | 1.9% | ||
| Q3 25 | 2.8% | 15.6% | ||
| Q2 25 | 2.2% | 22.2% | ||
| Q1 25 | 2.2% | 30.3% | ||
| Q4 24 | 1.9% | 17.7% | ||
| Q3 24 | 1.6% | 34.1% | ||
| Q2 24 | 1.6% | 70.7% | ||
| Q1 24 | 1.7% | 77.0% |
现金转化率LFSTPLUG
| 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
PLUG
| Sales Of Equipment And Related Infrastructure | $111.6M | 50% |
| Services Performed On Fuel Cell Systems And Related Infrastructure | $41.5M | 18% |
| Power Purchase Agreements | $36.1M | 16% |
| Sale Of Cryogenic Equipment | $20.0M | 9% |
| Sales Of Fuel Cell Systems | $11.2M | 5% |
| Other | $4.8M | 2% |
