vs
LifeStance Health Group, Inc.（LFST）与SBA Communications（SBAC）财务数据对比。点击上方公司名可切换其他公司
SBA Communications的季度营收约是LifeStance Health Group, Inc.的1.8倍（$703.4M vs $382.2M），SBA Communications净利率更高（26.3% vs 3.1%，领先23.2%），LifeStance Health Group, Inc.同比增速更快（17.4% vs -1.6%），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 3.2%）
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。
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
LFST vs SBAC — 直观对比
营收规模更大
SBAC
是对方的1.8倍
$382.2M
营收增速更快
LFST
高出19.0%
-1.6%
净利率更高
SBAC
高出23.2%
3.1%
两年增速更快
LFST
近两年复合增速
3.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $703.4M |
| 净利润 | $11.7M | $184.9M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | 48.7% |
| 净利率 | 3.1% | 26.3% |
| 营收同比 | 17.4% | -1.6% |
| 净利润同比 | 264.1% | -15.1% |
| 每股收益（稀释后） | — | $1.74 |
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LFSTSBAC
| Q1 26 | — | $703.4M | ||
| Q4 25 | $382.2M | $719.6M | ||
| Q3 25 | $363.8M | $732.3M | ||
| Q2 25 | $345.3M | $699.0M | ||
| Q1 25 | $333.0M | $664.2M | ||
| Q4 24 | $325.5M | $693.7M | ||
| Q3 24 | $312.7M | $667.6M | ||
| Q2 24 | $312.3M | $660.5M |
净利润LFSTSBAC
| Q1 26 | — | $184.9M | ||
| Q4 25 | $11.7M | $370.4M | ||
| Q3 25 | $1.1M | $236.8M | ||
| Q2 25 | $-3.8M | $225.8M | ||
| Q1 25 | $709.0K | $220.7M | ||
| Q4 24 | $-7.1M | $178.8M | ||
| Q3 24 | $-6.0M | $258.5M | ||
| Q2 24 | $-23.3M | $162.8M |
毛利率LFSTSBAC
| Q1 26 | — | — | ||
| Q4 25 | — | 75.6% | ||
| Q3 25 | — | 74.1% | ||
| Q2 25 | — | 75.4% | ||
| Q1 25 | — | 76.9% | ||
| Q4 24 | — | 78.1% | ||
| Q3 24 | — | 77.5% | ||
| Q2 24 | — | 78.6% |
营业利润率LFSTSBAC
| Q1 26 | — | 48.7% | ||
| Q4 25 | 4.7% | 41.5% | ||
| Q3 25 | 2.0% | 51.1% | ||
| Q2 25 | -0.9% | 47.9% | ||
| Q1 25 | 0.5% | 50.4% | ||
| Q4 24 | 0.3% | 55.1% | ||
| Q3 24 | 0.0% | 56.3% | ||
| Q2 24 | -5.1% | 53.7% |
净利率LFSTSBAC
| Q1 26 | — | 26.3% | ||
| Q4 25 | 3.1% | 51.5% | ||
| Q3 25 | 0.3% | 32.3% | ||
| Q2 25 | -1.1% | 32.3% | ||
| Q1 25 | 0.2% | 33.2% | ||
| Q4 24 | -2.2% | 25.8% | ||
| Q3 24 | -1.9% | 38.7% | ||
| Q2 24 | -7.5% | 24.7% |
每股收益（稀释后）LFSTSBAC
| Q1 26 | — | $1.74 | ||
| Q4 25 | — | $3.47 | ||
| Q3 25 | — | $2.20 | ||
| Q2 25 | — | $2.09 | ||
| Q1 25 | — | $2.04 | ||
| Q4 24 | — | $1.61 | ||
| Q3 24 | — | $2.40 | ||
| Q2 24 | — | $1.51 |
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 | $269.1M |
| 总债务越低越好 | $282.8M | $2.7B |
| 股东权益账面价值 | $1.5B | — |
| 总资产 | $2.2B | $11.7B |
| 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LFSTSBAC
| Q1 26 | — | $269.1M | ||
| Q4 25 | $248.6M | $271.2M | ||
| Q3 25 | $203.9M | $431.1M | ||
| Q2 25 | $188.9M | $276.8M | ||
| Q1 25 | $134.3M | $702.2M | ||
| Q4 24 | $154.6M | $444.4M | ||
| Q3 24 | $102.6M | $202.6M | ||
| Q2 24 | $87.0M | $250.9M |
总债务LFSTSBAC
| Q1 26 | — | $2.7B | ||
| Q4 25 | $282.8M | $12.9B | ||
| Q3 25 | $284.6M | $12.7B | ||
| Q2 25 | $286.4M | $12.5B | ||
| Q1 25 | $288.2M | $12.4B | ||
| Q4 24 | $290.0M | $13.6B | ||
| Q3 24 | $287.3M | $12.3B | ||
| Q2 24 | $288.0M | $12.3B |
股东权益LFSTSBAC
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $-4.9B | ||
| Q3 25 | $1.5B | $-4.9B | ||
| Q2 25 | $1.5B | $-4.9B | ||
| Q1 25 | $1.5B | $-5.0B | ||
| Q4 24 | $1.4B | $-5.1B | ||
| Q3 24 | $1.4B | $-5.2B | ||
| Q2 24 | $1.4B | $-5.3B |
总资产LFSTSBAC
| Q1 26 | — | $11.7B | ||
| Q4 25 | $2.2B | $11.6B | ||
| Q3 25 | $2.1B | $11.3B | ||
| Q2 25 | $2.1B | $10.8B | ||
| Q1 25 | $2.1B | $10.4B | ||
| Q4 24 | $2.1B | $11.4B | ||
| Q3 24 | $2.1B | $10.2B | ||
| Q2 24 | $2.1B | $9.8B |
负债/权益比LFSTSBAC
| 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 | $255.1M |
| 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% | 9.5% |
| 现金转化率经营现金流/净利润 | 4.93× | 1.38× |
| 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LFSTSBAC
| Q1 26 | — | $255.1M | ||
| Q4 25 | $57.6M | $1.3B | ||
| Q3 25 | $27.3M | $318.0M | ||
| Q2 25 | $64.4M | $368.1M | ||
| Q1 25 | $-3.1M | $301.2M | ||
| Q4 24 | $62.3M | $1.3B | ||
| Q3 24 | $22.7M | $304.7M | ||
| Q2 24 | $44.1M | $425.6M |
自由现金流LFSTSBAC
| Q1 26 | — | — | ||
| Q4 25 | $46.6M | $833.3M | ||
| Q3 25 | $17.0M | $258.0M | ||
| Q2 25 | $56.6M | $312.2M | ||
| Q1 25 | $-10.3M | $255.0M | ||
| Q4 24 | $56.0M | $1.2B | ||
| Q3 24 | $17.7M | $239.9M | ||
| Q2 24 | $39.0M | $375.6M |
自由现金流率LFSTSBAC
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | 115.8% | ||
| Q3 25 | 4.7% | 35.2% | ||
| Q2 25 | 16.4% | 44.7% | ||
| Q1 25 | -3.1% | 38.4% | ||
| Q4 24 | 17.2% | 179.9% | ||
| Q3 24 | 5.7% | 35.9% | ||
| Q2 24 | 12.5% | 56.9% |
资本支出强度LFSTSBAC
| Q1 26 | — | 9.5% | ||
| Q4 25 | 2.9% | 63.7% | ||
| Q3 25 | 2.8% | 8.2% | ||
| Q2 25 | 2.2% | 8.0% | ||
| Q1 25 | 2.2% | 7.0% | ||
| Q4 24 | 1.9% | 12.6% | ||
| Q3 24 | 1.6% | 9.7% | ||
| Q2 24 | 1.6% | 7.6% |
现金转化率LFSTSBAC
| Q1 26 | — | 1.38× | ||
| Q4 25 | 4.93× | 3.49× | ||
| Q3 25 | 25.34× | 1.34× | ||
| Q2 25 | — | 1.63× | ||
| Q1 25 | -4.36× | 1.36× | ||
| Q4 24 | — | 7.47× | ||
| Q3 24 | — | 1.18× | ||
| Q2 24 | — | 2.61× |
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
SBAC
| Site leasing | $656.1M | 93% |
| Site development | $47.3M | 7% |
