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LifeStance Health Group, Inc.（LFST）与VORNADO REALTY TRUST（VNO）财务数据对比。点击上方公司名可切换其他公司
VORNADO REALTY TRUST的季度营收约是LifeStance Health Group, Inc.的1.2倍（$459.1M vs $382.2M），LifeStance Health Group, Inc.净利率更高（3.1% vs -5.0%，领先8.0%），LifeStance Health Group, Inc.同比增速更快（17.4% vs -0.5%），过去两年LifeStance Health Group, Inc.的营收复合增速更高（12.8% vs 1.0%）
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。
Vornado Realty Trust是1982年于美国马里兰州注册成立的房地产投资信托，总部设立在纽约市，核心业务为投资曼哈顿核心区域的优质写字楼及临街零售商业地产，是纽约当地颇具影响力的商业地产投资运营机构。
LFST vs VNO — 直观对比
营收规模更大
VNO
是对方的1.2倍
$382.2M
营收增速更快
LFST
高出18.0%
-0.5%
净利率更高
LFST
高出8.0%
-5.0%
两年增速更快
LFST
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $459.1M |
| 净利润 | $11.7M | $-22.8M |
| 毛利率 | — | — |
| 营业利润率 | 4.7% | — |
| 净利率 | 3.1% | -5.0% |
| 营收同比 | 17.4% | -0.5% |
| 净利润同比 | 264.1% | 689.3% |
| 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LFSTVNO
| Q1 26 | — | $459.1M | ||
| Q4 25 | $382.2M | $453.7M | ||
| Q3 25 | $363.8M | $453.7M | ||
| Q2 25 | $345.3M | $441.4M | ||
| Q1 25 | $333.0M | $461.6M | ||
| Q4 24 | $325.5M | $457.8M | ||
| Q3 24 | $312.7M | $443.3M | ||
| Q2 24 | $312.3M | $450.3M |
净利润LFSTVNO
| Q1 26 | — | $-22.8M | ||
| Q4 25 | $11.7M | $4.9M | ||
| Q3 25 | $1.1M | $27.1M | ||
| Q2 25 | $-3.8M | $759.3M | ||
| Q1 25 | $709.0K | $102.4M | ||
| Q4 24 | $-7.1M | $5.8M | ||
| Q3 24 | $-6.0M | $-3.6M | ||
| Q2 24 | $-23.3M | $50.8M |
营业利润率LFSTVNO
| Q1 26 | — | — | ||
| Q4 25 | 4.7% | 2.8% | ||
| Q3 25 | 2.0% | 3.0% | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | 0.5% | 23.2% | ||
| Q4 24 | 0.3% | 2.5% | ||
| Q3 24 | 0.0% | -3.3% | ||
| Q2 24 | -5.1% | 10.1% |
净利率LFSTVNO
| Q1 26 | — | -5.0% | ||
| Q4 25 | 3.1% | 1.1% | ||
| Q3 25 | 0.3% | 6.0% | ||
| Q2 25 | -1.1% | 172.0% | ||
| Q1 25 | 0.2% | 22.2% | ||
| Q4 24 | -2.2% | 1.3% | ||
| Q3 24 | -1.9% | -0.8% | ||
| Q2 24 | -7.5% | 11.3% |
每股收益（稀释后）LFSTVNO
| Q1 26 | — | — | ||
| Q4 25 | — | $0.01 | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | — | $3.70 | ||
| Q1 25 | — | $0.43 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $-0.10 | ||
| Q2 24 | — | $0.18 |
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 | $1.1B |
| 总债务越低越好 | $282.8M | — |
| 股东权益账面价值 | $1.5B | $6.0B |
| 总资产 | $2.2B | $15.9B |
| 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LFSTVNO
| Q1 26 | — | $1.1B | ||
| Q4 25 | $248.6M | $840.9M | ||
| Q3 25 | $203.9M | $1.0B | ||
| Q2 25 | $188.9M | $1.2B | ||
| Q1 25 | $134.3M | $568.9M | ||
| Q4 24 | $154.6M | $733.9M | ||
| Q3 24 | $102.6M | $783.6M | ||
| Q2 24 | $87.0M | $872.6M |
总债务LFSTVNO
| Q1 26 | — | — | ||
| Q4 25 | $282.8M | $2.3B | ||
| Q3 25 | $284.6M | $2.3B | ||
| Q2 25 | $286.4M | $2.1B | ||
| Q1 25 | $288.2M | $2.1B | ||
| Q4 24 | $290.0M | $2.6B | ||
| Q3 24 | $287.3M | $2.6B | ||
| Q2 24 | $288.0M | $2.6B |
股东权益LFSTVNO
| Q1 26 | — | $6.0B | ||
| Q4 25 | $1.5B | $6.0B | ||
| Q3 25 | $1.5B | $6.1B | ||
| Q2 25 | $1.5B | $6.1B | ||
| Q1 25 | $1.5B | $5.3B | ||
| Q4 24 | $1.4B | $5.2B | ||
| Q3 24 | $1.4B | $5.3B | ||
| Q2 24 | $1.4B | $5.6B |
总资产LFSTVNO
| Q1 26 | — | $15.9B | ||
| Q4 25 | $2.2B | $15.5B | ||
| Q3 25 | $2.1B | $15.7B | ||
| Q2 25 | $2.1B | $15.6B | ||
| Q1 25 | $2.1B | $15.6B | ||
| Q4 24 | $2.1B | $16.0B | ||
| Q3 24 | $2.1B | $16.1B | ||
| Q2 24 | $2.1B | $16.2B |
负债/权益比LFSTVNO
| Q1 26 | — | — | ||
| Q4 25 | 0.19× | 0.38× | ||
| Q3 25 | 0.19× | 0.37× | ||
| Q2 25 | 0.19× | 0.35× | ||
| Q1 25 | 0.20× | 0.40× | ||
| Q4 24 | 0.20× | 0.50× | ||
| Q3 24 | 0.20× | 0.49× | ||
| Q2 24 | 0.20× | 0.46× |
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% | 3.7% |
| 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LFSTVNO
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $1.3B | ||
| Q3 25 | $27.3M | $33.2M | ||
| Q2 25 | $64.4M | $1.0B | ||
| Q1 25 | $-3.1M | $52.0M | ||
| Q4 24 | $62.3M | $537.7M | ||
| Q3 24 | $22.7M | $105.4M | ||
| Q2 24 | $44.1M | $194.7M |
自由现金流LFSTVNO
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率LFSTVNO
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度LFSTVNO
| Q1 26 | — | 3.7% | ||
| 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% | — |
现金转化率LFSTVNO
| Q1 26 | — | — | ||
| Q4 25 | 4.93× | 256.08× | ||
| Q3 25 | 25.34× | 1.22× | ||
| Q2 25 | — | 1.35× | ||
| Q1 25 | -4.36× | 0.51× | ||
| Q4 24 | — | 93.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
