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LifeStance Health Group, Inc.（LFST）与TheRealReal, Inc.（REAL）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TheRealReal, Inc.的2.0倍（$382.2M vs $194.1M），TheRealReal, Inc.同比增速更快（18.3% vs 17.4%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $45.8M），过去两年TheRealReal, Inc.的营收复合增速更高（16.2% 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。
TheRealReal是专业的奢侈品线上交易平台，所有在售商品均经过专业人员鉴定，可满足用户买卖二手奢侈品的需求。截至2023年9月30日，平台会员规模已超3800万，累计售出商品近4000万件。
LFST vs REAL — 直观对比
营收规模更大
LFST
是对方的2.0倍
$194.1M
营收增速更快
REAL
高出0.9%
17.4%
自由现金流更多
LFST
多$818.0K
$45.8M
两年增速更快
REAL
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $194.1M |
| 净利润 | $11.7M | — |
| 毛利率 | — | 74.8% |
| 营业利润率 | 4.7% | 3.2% |
| 净利率 | 3.1% | — |
| 营收同比 | 17.4% | 18.3% |
| 净利润同比 | 264.1% | — |
| 每股收益（稀释后） | — | $0.06 |
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LFSTREAL
| Q4 25 | $382.2M | $194.1M | ||
| Q3 25 | $363.8M | $173.6M | ||
| Q2 25 | $345.3M | $165.2M | ||
| Q1 25 | $333.0M | $160.0M | ||
| Q4 24 | $325.5M | $164.0M | ||
| Q3 24 | $312.7M | $147.8M | ||
| Q2 24 | $312.3M | $144.9M | ||
| Q1 24 | $300.4M | $143.8M |
净利润LFSTREAL
| Q4 25 | $11.7M | — | ||
| Q3 25 | $1.1M | $-54.1M | ||
| Q2 25 | $-3.8M | $-11.4M | ||
| Q1 25 | $709.0K | $62.4M | ||
| Q4 24 | $-7.1M | — | ||
| Q3 24 | $-6.0M | $-17.9M | ||
| Q2 24 | $-23.3M | $-16.7M | ||
| Q1 24 | $-21.1M | $-31.1M |
毛利率LFSTREAL
| Q4 25 | — | 74.8% | ||
| Q3 25 | — | 74.3% | ||
| Q2 25 | — | 74.3% | ||
| Q1 25 | — | 75.0% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 74.9% | ||
| Q2 24 | — | 74.1% | ||
| Q1 24 | — | 74.6% |
营业利润率LFSTREAL
| Q4 25 | 4.7% | 3.2% | ||
| Q3 25 | 2.0% | -4.3% | ||
| Q2 25 | -0.9% | -6.0% | ||
| Q1 25 | 0.5% | -8.0% | ||
| Q4 24 | 0.3% | -3.1% | ||
| Q3 24 | 0.0% | -9.9% | ||
| Q2 24 | -5.1% | -13.0% | ||
| Q1 24 | -5.6% | -12.5% |
净利率LFSTREAL
| Q4 25 | 3.1% | — | ||
| Q3 25 | 0.3% | -31.1% | ||
| Q2 25 | -1.1% | -6.9% | ||
| Q1 25 | 0.2% | 39.0% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -1.9% | -12.1% | ||
| Q2 24 | -7.5% | -11.5% | ||
| Q1 24 | -7.0% | -21.6% |
每股收益（稀释后）LFSTREAL
| Q4 25 | — | $0.06 | ||
| Q3 25 | — | $-0.49 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $-0.57 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $-0.20 | ||
| Q1 24 | — | $-0.30 |
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 | $151.2M |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $-415.5M |
| 总资产 | $2.2B | $409.0M |
| 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LFSTREAL
| Q4 25 | $248.6M | $151.2M | ||
| Q3 25 | $203.9M | $108.4M | ||
| Q2 25 | $188.9M | $94.3M | ||
| Q1 25 | $134.3M | $139.6M | ||
| Q4 24 | $154.6M | $172.2M | ||
| Q3 24 | $102.6M | $153.2M | ||
| Q2 24 | $87.0M | $150.7M | ||
| Q1 24 | $49.5M | $166.0M |
总债务LFSTREAL
| 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LFSTREAL
| Q4 25 | $1.5B | $-415.5M | ||
| Q3 25 | $1.5B | $-385.1M | ||
| Q2 25 | $1.5B | $-338.2M | ||
| Q1 25 | $1.5B | $-336.1M | ||
| Q4 24 | $1.4B | $-407.4M | ||
| Q3 24 | $1.4B | $-345.4M | ||
| Q2 24 | $1.4B | $-335.3M | ||
| Q1 24 | $1.4B | $-327.1M |
总资产LFSTREAL
| Q4 25 | $2.2B | $409.0M | ||
| Q3 25 | $2.1B | $366.2M | ||
| Q2 25 | $2.1B | $349.4M | ||
| Q1 25 | $2.1B | $400.4M | ||
| Q4 24 | $2.1B | $423.1M | ||
| Q3 24 | $2.1B | $406.3M | ||
| Q2 24 | $2.1B | $407.4M | ||
| Q1 24 | $2.1B | $431.6M |
负债/权益比LFSTREAL
| 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 | $49.5M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $45.8M |
| 自由现金流率自由现金流/营收 | 12.2% | 23.6% |
| 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 | $18.4M |
8季度趋势，按日历期对齐
经营现金流LFSTREAL
| Q4 25 | $57.6M | $49.5M | ||
| Q3 25 | $27.3M | $19.3M | ||
| Q2 25 | $64.4M | $-3.6M | ||
| Q1 25 | $-3.1M | $-28.3M | ||
| Q4 24 | $62.3M | $28.0M | ||
| Q3 24 | $22.7M | $9.1M | ||
| Q2 24 | $44.1M | $-6.8M | ||
| Q1 24 | $-21.8M | $-3.5M |
自由现金流LFSTREAL
| Q4 25 | $46.6M | $45.8M | ||
| Q3 25 | $17.0M | $16.9M | ||
| Q2 25 | $56.6M | $-11.4M | ||
| Q1 25 | $-10.3M | $-33.0M | ||
| Q4 24 | $56.0M | $22.9M | ||
| Q3 24 | $17.7M | $5.0M | ||
| Q2 24 | $39.0M | $-9.8M | ||
| Q1 24 | $-26.9M | $-5.6M |
自由现金流率LFSTREAL
| Q4 25 | 12.2% | 23.6% | ||
| Q3 25 | 4.7% | 9.7% | ||
| Q2 25 | 16.4% | -6.9% | ||
| Q1 25 | -3.1% | -20.6% | ||
| Q4 24 | 17.2% | 14.0% | ||
| Q3 24 | 5.7% | 3.4% | ||
| Q2 24 | 12.5% | -6.7% | ||
| Q1 24 | -9.0% | -3.9% |
资本支出强度LFSTREAL
| Q4 25 | 2.9% | 1.9% | ||
| Q3 25 | 2.8% | 1.4% | ||
| Q2 25 | 2.2% | 4.7% | ||
| Q1 25 | 2.2% | 2.9% | ||
| Q4 24 | 1.9% | 3.1% | ||
| Q3 24 | 1.6% | 2.7% | ||
| Q2 24 | 1.6% | 2.1% | ||
| Q1 24 | 1.7% | 1.5% |
现金转化率LFSTREAL
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.36× | -0.45× | ||
| 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
REAL
| Services | $149.0M | 77% |
| Products | $27.2M | 14% |
| Shipping And Handling | $17.8M | 9% |
