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LifeStance Health Group, Inc.（LFST）与Sphere Entertainment Co.（SPHR）财务数据对比。点击上方公司名可切换其他公司
Sphere Entertainment Co.的季度营收约是LifeStance Health Group, Inc.的1.0倍（$393.8M vs $382.2M），Sphere Entertainment Co.净利率更高（16.4% vs 3.1%，领先13.4%），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 12.1%）
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。
Sphere Entertainment Co.是总部位于纽约的美国娱乐控股企业，由查尔斯·多兰家族掌控，旗下拥有位于内华达州拉斯维加斯谷帕拉代斯的Sphere演艺场馆，以及总部位于纽约的区域体育网络连锁品牌MSG Networks。
LFST vs SPHR — 直观对比
营收规模更大
SPHR
是对方的1.0倍
$382.2M
净利率更高
SPHR
高出13.4%
3.1%
两年增速更快
LFST
近两年复合增速
12.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $393.8M |
| 净利润 | $11.7M | $64.7M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | 7.3% |
| 净利率 | 3.1% | 16.4% |
| 营收同比 | 17.4% | — |
| 净利润同比 | 264.1% | — |
| 每股收益（稀释后） | — | $2.42 |
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LFSTSPHR
| Q4 25 | $382.2M | $393.8M | ||
| Q3 25 | $363.8M | $262.1M | ||
| Q2 25 | $345.3M | $282.2M | ||
| Q1 25 | $333.0M | $280.1M | ||
| Q4 24 | $325.5M | — | ||
| Q3 24 | $312.7M | $227.1M | ||
| Q2 24 | $312.3M | $272.6M | ||
| Q1 24 | $300.4M | $320.6M |
净利润LFSTSPHR
| Q4 25 | $11.7M | $64.7M | ||
| Q3 25 | $1.1M | $-101.2M | ||
| Q2 25 | $-3.8M | $151.8M | ||
| Q1 25 | $709.0K | $-82.0M | ||
| Q4 24 | $-7.1M | — | ||
| Q3 24 | $-6.0M | $-105.3M | ||
| Q2 24 | $-23.3M | $-46.6M | ||
| Q1 24 | $-21.1M | $-47.2M |
营业利润率LFSTSPHR
| Q4 25 | 4.7% | 7.3% | ||
| Q3 25 | 2.0% | -49.5% | ||
| Q2 25 | -0.9% | -17.8% | ||
| Q1 25 | 0.5% | -28.1% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.0% | -51.8% | ||
| Q2 24 | -5.1% | -66.3% | ||
| Q1 24 | -5.6% | -12.6% |
净利率LFSTSPHR
| Q4 25 | 3.1% | 16.4% | ||
| Q3 25 | 0.3% | -38.6% | ||
| Q2 25 | -1.1% | 53.8% | ||
| Q1 25 | 0.2% | -29.3% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -1.9% | -46.4% | ||
| Q2 24 | -7.5% | -17.1% | ||
| Q1 24 | -7.0% | -14.7% |
每股收益（稀释后）LFSTSPHR
| Q4 25 | — | $2.42 | ||
| Q3 25 | — | $-2.80 | ||
| Q2 25 | — | $3.39 | ||
| Q1 25 | — | $-2.27 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-2.95 | ||
| Q2 24 | — | $-1.33 | ||
| Q1 24 | — | $-1.33 |
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 | — |
| 总债务越低越好 | $282.8M | $692.7M |
| 股东权益账面价值 | $1.5B | $2.2B |
| 总资产 | $2.2B | $4.2B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资LFSTSPHR
| Q4 25 | $248.6M | — | ||
| Q3 25 | $203.9M | $384.8M | ||
| Q2 25 | $188.9M | $355.7M | ||
| Q1 25 | $134.3M | $465.0M | ||
| Q4 24 | $154.6M | — | ||
| Q3 24 | $102.6M | — | ||
| Q2 24 | $87.0M | $559.8M | ||
| Q1 24 | $49.5M | — |
总债务LFSTSPHR
| Q4 25 | $282.8M | $692.7M | ||
| Q3 25 | $284.6M | $733.8M | ||
| Q2 25 | $286.4M | $743.8M | ||
| Q1 25 | $288.2M | $1.3B | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $287.3M | $1.4B | ||
| Q2 24 | $288.0M | $1.4B | ||
| Q1 24 | $288.8M | $1.4B |
股东权益LFSTSPHR
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.1B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.4B | $2.4B | ||
| Q1 24 | $1.4B | $2.4B |
总资产LFSTSPHR
| Q4 25 | $2.2B | $4.2B | ||
| Q3 25 | $2.1B | $4.1B | ||
| Q2 25 | $2.1B | $4.2B | ||
| Q1 25 | $2.1B | $4.4B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $4.6B | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | $4.9B |
负债/权益比LFSTSPHR
| Q4 25 | 0.19× | 0.31× | ||
| Q3 25 | 0.19× | 0.34× | ||
| Q2 25 | 0.19× | 0.32× | ||
| Q1 25 | 0.20× | 0.62× | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.20× | 0.59× | ||
| Q2 24 | 0.20× | 0.57× | ||
| Q1 24 | 0.20× | 0.57× |
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 | $180.2M |
| 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× | 2.78× |
| 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LFSTSPHR
| Q4 25 | $57.6M | $180.2M | ||
| Q3 25 | $27.3M | $115.8M | ||
| Q2 25 | $64.4M | $-59.1M | ||
| Q1 25 | $-3.1M | $6.3M | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $22.7M | $34.1M | ||
| Q2 24 | $44.1M | $-72.4M | ||
| Q1 24 | $-21.8M | $101.0M |
自由现金流LFSTSPHR
| Q4 25 | $46.6M | — | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $56.6M | — | ||
| Q1 25 | $-10.3M | — | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $17.7M | — | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $-26.9M | — |
自由现金流率LFSTSPHR
| Q4 25 | 12.2% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | -9.0% | — |
资本支出强度LFSTSPHR
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.7% | — |
现金转化率LFSTSPHR
| Q4 25 | 4.93× | 2.78× | ||
| Q3 25 | 25.34× | — | ||
| Q2 25 | — | -0.39× | ||
| 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
SPHR
| Ticketing And Venue License Fee Revenues | $198.5M | 50% |
| Media Networks Revenue | $120.1M | 30% |
| Sponsorship Signage Exosphere Advertising And Suite Licenses | $32.2M | 8% |
| Food Beverage And Merchandise Revenues | $27.6M | 7% |
| Other | $13.2M | 3% |
| Related Party | $2.3M | 1% |
