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LifeStance Health Group, Inc.（LFST）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
LifeStance Health Group, Inc.的季度营收约是世纪互联的1.1倍（$382.2M vs $362.7M），LifeStance Health Group, Inc.净利率更高（3.1% vs -10.7%，领先13.7%），LifeStance Health Group, Inc.自由现金流更多（$46.6M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
LFST vs VNET — 直观对比
营收规模更大
LFST
是对方的1.1倍
$362.7M
净利率更高
LFST
高出13.7%
-10.7%
自由现金流更多
LFST
多$239.7M
$-193.1M
两年增速更快
VNET
近两年复合增速
12.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $362.7M |
| 净利润 | $11.7M | $-38.7M |
| 毛利率 | — | 20.9% |
| 营业利润率 | 4.7% | 0.5% |
| 净利率 | 3.1% | -10.7% |
| 营收同比 | 17.4% | — |
| 净利润同比 | 264.1% | — |
| 每股收益（稀释后） | — | — |
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LFSTVNET
| Q4 25 | $382.2M | — | ||
| Q3 25 | $363.8M | $362.7M | ||
| Q2 25 | $345.3M | — | ||
| Q1 25 | $333.0M | $309.5M | ||
| Q4 24 | $325.5M | — | ||
| Q3 24 | $312.7M | $302.2M | ||
| Q2 24 | $312.3M | $274.4M | ||
| Q1 24 | $300.4M | $262.9M |
净利润LFSTVNET
| Q4 25 | $11.7M | — | ||
| Q3 25 | $1.1M | $-38.7M | ||
| Q2 25 | $-3.8M | — | ||
| Q1 25 | $709.0K | $-2.4M | ||
| Q4 24 | $-7.1M | — | ||
| Q3 24 | $-6.0M | $-2.1M | ||
| Q2 24 | $-23.3M | $-1.1M | ||
| Q1 24 | $-21.1M | $-22.0M |
毛利率LFSTVNET
| Q4 25 | — | — | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 25.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 21.6% |
营业利润率LFSTVNET
| Q4 25 | 4.7% | — | ||
| Q3 25 | 2.0% | 0.5% | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | 0.5% | 0.1% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.0% | 24.5% | ||
| Q2 24 | -5.1% | 0.2% | ||
| Q1 24 | -5.6% | 0.2% |
净利率LFSTVNET
| Q4 25 | 3.1% | — | ||
| Q3 25 | 0.3% | -10.7% | ||
| Q2 25 | -1.1% | — | ||
| Q1 25 | 0.2% | -0.8% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -1.9% | -0.7% | ||
| Q2 24 | -7.5% | -0.4% | ||
| Q1 24 | -7.0% | -8.4% |
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 | $492.1M |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $890.8M |
| 总资产 | $2.2B | $6.1B |
| 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LFSTVNET
| Q4 25 | $248.6M | — | ||
| Q3 25 | $203.9M | $492.1M | ||
| Q2 25 | $188.9M | — | ||
| Q1 25 | $134.3M | $544.3M | ||
| Q4 24 | $154.6M | — | ||
| Q3 24 | $102.6M | $219.5M | ||
| Q2 24 | $87.0M | $247.2M | ||
| Q1 24 | $49.5M | $246.9M |
总债务LFSTVNET
| Q4 25 | $282.8M | — | ||
| Q3 25 | $284.6M | — | ||
| Q2 25 | $286.4M | — | ||
| Q1 25 | $288.2M | — | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $287.3M | $1.2B | ||
| Q2 24 | $288.0M | — | ||
| Q1 24 | $288.8M | — |
股东权益LFSTVNET
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $890.8M | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | $927.8M | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | $902.9M | ||
| Q2 24 | $1.4B | $900.6M | ||
| Q1 24 | $1.4B | $895.1M |
总资产LFSTVNET
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | $5.4B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | $4.3B | ||
| Q2 24 | $2.1B | $4.0B | ||
| Q1 24 | $2.1B | $3.9B |
负债/权益比LFSTVNET
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.20× | — | ||
| Q3 24 | 0.20× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $-193.1M |
| 自由现金流率自由现金流/营收 | 12.2% | -53.2% |
| 资本支出强度资本支出/营收 | 2.9% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LFSTVNET
| Q4 25 | $57.6M | — | ||
| Q3 25 | $27.3M | $113.8M | ||
| Q2 25 | $64.4M | — | ||
| Q1 25 | $-3.1M | $27.0M | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $22.7M | $108.3M | ||
| Q2 24 | $44.1M | $55.8M | ||
| Q1 24 | $-21.8M | $37.1M |
自由现金流LFSTVNET
| Q4 25 | $46.6M | — | ||
| Q3 25 | $17.0M | $-193.1M | ||
| Q2 25 | $56.6M | — | ||
| Q1 25 | $-10.3M | $-220.0M | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $17.7M | $-95.0M | ||
| Q2 24 | $39.0M | $-81.6M | ||
| Q1 24 | $-26.9M | $-102.2M |
自由现金流率LFSTVNET
| Q4 25 | 12.2% | — | ||
| Q3 25 | 4.7% | -53.2% | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | -3.1% | -71.1% | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 5.7% | -31.4% | ||
| Q2 24 | 12.5% | -29.8% | ||
| Q1 24 | -9.0% | -38.9% |
资本支出强度LFSTVNET
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.8% | 84.6% | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.2% | 79.8% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.6% | 67.3% | ||
| Q2 24 | 1.6% | 50.1% | ||
| Q1 24 | 1.7% | 53.0% |
现金转化率LFSTVNET
| 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
