vs
LifeStance Health Group, Inc.（LFST）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是LifeStance Health Group, Inc.的1.2倍（$461.6M vs $382.2M），LifeStance Health Group, Inc.同比增速更快（17.4% vs -4.1%），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs -10.7%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
LFST vs SAM — 直观对比
营收规模更大
SAM
是对方的1.2倍
$382.2M
营收增速更快
LFST
高出21.5%
-4.1%
两年增速更快
LFST
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $461.6M |
| 净利润 | $11.7M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | 4.7% | 12.4% |
| 净利率 | 3.1% | — |
| 营收同比 | 17.4% | -4.1% |
| 净利润同比 | 264.1% | — |
| 每股收益（稀释后） | — | $2.16 |
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LFSTSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $382.2M | $385.7M | ||
| Q3 25 | $363.8M | $537.5M | ||
| Q2 25 | $345.3M | $587.9M | ||
| Q1 25 | $333.0M | $453.9M | ||
| Q4 24 | $325.5M | $402.3M | ||
| Q3 24 | $312.7M | $605.5M | ||
| Q2 24 | $312.3M | $579.1M |
净利润LFSTSAM
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $-22.5M | ||
| Q3 25 | $1.1M | $46.2M | ||
| Q2 25 | $-3.8M | $60.4M | ||
| Q1 25 | $709.0K | $24.4M | ||
| Q4 24 | $-7.1M | $-38.8M | ||
| Q3 24 | $-6.0M | $33.5M | ||
| Q2 24 | $-23.3M | $52.3M |
毛利率LFSTSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% |
营业利润率LFSTSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | 4.7% | -8.6% | ||
| Q3 25 | 2.0% | 11.5% | ||
| Q2 25 | -0.9% | 14.0% | ||
| Q1 25 | 0.5% | 7.4% | ||
| Q4 24 | 0.3% | -13.9% | ||
| Q3 24 | 0.0% | 7.6% | ||
| Q2 24 | -5.1% | 12.2% |
净利率LFSTSAM
| Q1 26 | — | — | ||
| Q4 25 | 3.1% | -5.8% | ||
| Q3 25 | 0.3% | 8.6% | ||
| Q2 25 | -1.1% | 10.3% | ||
| Q1 25 | 0.2% | 5.4% | ||
| Q4 24 | -2.2% | -9.6% | ||
| Q3 24 | -1.9% | 5.5% | ||
| Q2 24 | -7.5% | 9.0% |
每股收益（稀释后）LFSTSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | — | $-1.97 | ||
| Q3 25 | — | $4.25 | ||
| Q2 25 | — | $5.45 | ||
| Q1 25 | — | $2.16 | ||
| Q4 24 | — | $-3.23 | ||
| Q3 24 | — | $2.86 | ||
| Q2 24 | — | $4.39 |
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 | $164.1M |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $682.6M |
| 总资产 | $2.2B | $1.2B |
| 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LFSTSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $248.6M | $223.4M | ||
| Q3 25 | $203.9M | $250.5M | ||
| Q2 25 | $188.9M | $212.4M | ||
| Q1 25 | $134.3M | $152.5M | ||
| Q4 24 | $154.6M | $211.8M | ||
| Q3 24 | $102.6M | $255.6M | ||
| Q2 24 | $87.0M | $219.3M |
总债务LFSTSAM
| Q1 26 | — | — | ||
| 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 | — |
股东权益LFSTSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $1.5B | $846.3M | ||
| Q3 25 | $1.5B | $911.0M | ||
| Q2 25 | $1.5B | $912.3M | ||
| Q1 25 | $1.5B | $897.0M | ||
| Q4 24 | $1.4B | $916.2M | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.4B | $1.0B |
总资产LFSTSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.1B | $1.4B | ||
| Q2 24 | $2.1B | $1.4B |
负债/权益比LFSTSAM
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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× | — |
| 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
经营现金流LFSTSAM
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $39.9M | ||
| Q3 25 | $27.3M | $101.8M | ||
| Q2 25 | $64.4M | $126.5M | ||
| Q1 25 | $-3.1M | $1.9M | ||
| Q4 24 | $62.3M | $41.9M | ||
| Q3 24 | $22.7M | $115.9M | ||
| Q2 24 | $44.1M | $96.0M |
自由现金流LFSTSAM
| Q1 26 | — | — | ||
| Q4 25 | $46.6M | $22.1M | ||
| Q3 25 | $17.0M | $89.2M | ||
| Q2 25 | $56.6M | $112.2M | ||
| Q1 25 | $-10.3M | $-8.0M | ||
| Q4 24 | $56.0M | $18.4M | ||
| Q3 24 | $17.7M | $99.2M | ||
| Q2 24 | $39.0M | $75.6M |
自由现金流率LFSTSAM
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 5.7% | ||
| Q3 25 | 4.7% | 16.6% | ||
| Q2 25 | 16.4% | 19.1% | ||
| Q1 25 | -3.1% | -1.8% | ||
| Q4 24 | 17.2% | 4.6% | ||
| Q3 24 | 5.7% | 16.4% | ||
| Q2 24 | 12.5% | 13.1% |
资本支出强度LFSTSAM
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 4.6% | ||
| Q3 25 | 2.8% | 2.3% | ||
| Q2 25 | 2.2% | 2.4% | ||
| Q1 25 | 2.2% | 2.2% | ||
| Q4 24 | 1.9% | 5.8% | ||
| Q3 24 | 1.6% | 2.8% | ||
| Q2 24 | 1.6% | 3.5% |
现金转化率LFSTSAM
| Q1 26 | — | — | ||
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | -4.36× | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
