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LifeStance Health Group, Inc.（LFST）与Zeta Global Holdings Corp.（ZETA）财务数据对比。点击上方公司名可切换其他公司
Zeta Global Holdings Corp.的季度营收约是LifeStance Health Group, Inc.的1.0倍（$394.6M vs $382.2M），LifeStance Health Group, Inc.净利率更高（3.1% vs 1.7%，领先1.4%），Zeta Global Holdings Corp.同比增速更快（25.4% vs 17.4%），Zeta Global Holdings Corp.自由现金流更多（$60.9M vs $46.6M），过去两年Zeta Global Holdings Corp.的营收复合增速更高（42.3% 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。
Zeta Global Holdings Corp是一家2007年成立的美国营销科技企业，为各公司提供多渠道营销工具矩阵，核心业务围绕客户关系的构建、维护与价值变现展开。该公司于2021年6月10日在纽约证券交易所上市，上市时估值达17亿美元。
LFST vs ZETA — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $382.2M | $394.6M |
| 净利润 | $11.7M | $6.5M |
| 毛利率 | — | 59.5% |
| 营业利润率 | 4.7% | 4.5% |
| 净利率 | 3.1% | 1.7% |
| 营收同比 | 17.4% | 25.4% |
| 净利润同比 | 264.1% | -57.1% |
| 每股收益（稀释后） | — | $0.04 |
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
| Q4 25 | $382.2M | $394.6M | ||
| Q3 25 | $363.8M | $337.2M | ||
| Q2 25 | $345.3M | $308.4M | ||
| Q1 25 | $333.0M | $264.4M | ||
| Q4 24 | $325.5M | $314.7M | ||
| Q3 24 | $312.7M | $268.3M | ||
| Q2 24 | $312.3M | $227.8M | ||
| Q1 24 | $300.4M | $194.9M |
| Q4 25 | $11.7M | $6.5M | ||
| Q3 25 | $1.1M | $-3.6M | ||
| Q2 25 | $-3.8M | $-12.8M | ||
| Q1 25 | $709.0K | $-21.6M | ||
| Q4 24 | $-7.1M | $15.2M | ||
| Q3 24 | $-6.0M | $-17.4M | ||
| Q2 24 | $-23.3M | $-28.1M | ||
| Q1 24 | $-21.1M | $-39.6M |
| Q4 25 | — | 59.5% | ||
| Q3 25 | — | 60.5% | ||
| Q2 25 | — | 62.1% | ||
| Q1 25 | — | 60.9% | ||
| Q4 24 | — | 60.0% | ||
| Q3 24 | — | 60.6% | ||
| Q2 24 | — | 60.0% | ||
| Q1 24 | — | 60.6% |
| Q4 25 | 4.7% | 4.5% | ||
| Q3 25 | 2.0% | 2.6% | ||
| Q2 25 | -0.9% | -1.7% | ||
| Q1 25 | 0.5% | -6.1% | ||
| Q4 24 | 0.3% | 2.2% | ||
| Q3 24 | 0.0% | -4.6% | ||
| Q2 24 | -5.1% | -11.7% | ||
| Q1 24 | -5.6% | -18.4% |
| Q4 25 | 3.1% | 1.7% | ||
| Q3 25 | 0.3% | -1.1% | ||
| Q2 25 | -1.1% | -4.2% | ||
| Q1 25 | 0.2% | -8.2% | ||
| Q4 24 | -2.2% | 4.8% | ||
| Q3 24 | -1.9% | -6.5% | ||
| Q2 24 | -7.5% | -12.3% | ||
| Q1 24 | -7.0% | -20.3% |
| Q4 25 | — | $0.04 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $-0.16 | ||
| Q1 24 | — | $-0.23 |
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 | $319.8M |
| 总债务越低越好 | $282.8M | $197.1M |
| 股东权益账面价值 | $1.5B | $804.6M |
| 总资产 | $2.2B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.24× |
8季度趋势，按日历期对齐
| Q4 25 | $248.6M | $319.8M | ||
| Q3 25 | $203.9M | $385.2M | ||
| Q2 25 | $188.9M | $365.3M | ||
| Q1 25 | $134.3M | $364.4M | ||
| Q4 24 | $154.6M | $366.2M | ||
| Q3 24 | $102.6M | $418.5M | ||
| Q2 24 | $87.0M | $154.7M | ||
| Q1 24 | $49.5M | $141.6M |
| Q4 25 | $282.8M | $197.1M | ||
| Q3 25 | $284.6M | $196.9M | ||
| Q2 25 | $286.4M | $196.7M | ||
| Q1 25 | $288.2M | $196.5M | ||
| Q4 24 | $290.0M | $196.3M | ||
| Q3 24 | $287.3M | $196.1M | ||
| Q2 24 | $288.0M | $184.4M | ||
| Q1 24 | $288.8M | $184.2M |
| Q4 25 | $1.5B | $804.6M | ||
| Q3 25 | $1.5B | $689.2M | ||
| Q2 25 | $1.5B | $673.3M | ||
| Q1 25 | $1.5B | $676.6M | ||
| Q4 24 | $1.4B | $676.8M | ||
| Q3 24 | $1.4B | $474.9M | ||
| Q2 24 | $1.4B | $217.0M | ||
| Q1 24 | $1.4B | $191.6M |
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | $1.1B | ||
| Q3 24 | $2.1B | $869.1M | ||
| Q2 24 | $2.1B | $583.9M | ||
| Q1 24 | $2.1B | $550.3M |
| Q4 25 | 0.19× | 0.24× | ||
| Q3 25 | 0.19× | 0.29× | ||
| Q2 25 | 0.19× | 0.29× | ||
| Q1 25 | 0.20× | 0.29× | ||
| Q4 24 | 0.20× | 0.29× | ||
| Q3 24 | 0.20× | 0.41× | ||
| Q2 24 | 0.20× | 0.85× | ||
| Q1 24 | 0.20× | 0.96× |
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 | $64.1M |
| 自由现金流经营现金流 - 资本支出 | $46.6M | $60.9M |
| 自由现金流率自由现金流/营收 | 12.2% | 15.4% |
| 资本支出强度资本支出/营收 | 2.9% | 0.8% |
| 现金转化率经营现金流/净利润 | 4.93× | 9.81× |
| 过去12个月自由现金流最近4个季度 | $110.0M | $185.1M |
8季度趋势，按日历期对齐
| Q4 25 | $57.6M | $64.1M | ||
| Q3 25 | $27.3M | $57.9M | ||
| Q2 25 | $64.4M | $42.0M | ||
| Q1 25 | $-3.1M | $34.8M | ||
| Q4 24 | $62.3M | $43.7M | ||
| Q3 24 | $22.7M | $34.4M | ||
| Q2 24 | $44.1M | $31.1M | ||
| Q1 24 | $-21.8M | $24.7M |
| Q4 25 | $46.6M | $60.9M | ||
| Q3 25 | $17.0M | $52.4M | ||
| Q2 25 | $56.6M | $39.7M | ||
| Q1 25 | $-10.3M | $32.1M | ||
| Q4 24 | $56.0M | $35.4M | ||
| Q3 24 | $17.7M | $29.5M | ||
| Q2 24 | $39.0M | $24.4M | ||
| Q1 24 | $-26.9M | $18.9M |
| Q4 25 | 12.2% | 15.4% | ||
| Q3 25 | 4.7% | 15.6% | ||
| Q2 25 | 16.4% | 12.9% | ||
| Q1 25 | -3.1% | 12.1% | ||
| Q4 24 | 17.2% | 11.3% | ||
| Q3 24 | 5.7% | 11.0% | ||
| Q2 24 | 12.5% | 10.7% | ||
| Q1 24 | -9.0% | 9.7% |
| Q4 25 | 2.9% | 0.8% | ||
| Q3 25 | 2.8% | 1.6% | ||
| Q2 25 | 2.2% | 0.8% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 1.9% | 2.6% | ||
| Q3 24 | 1.6% | 1.8% | ||
| Q2 24 | 1.6% | 3.0% | ||
| Q1 24 | 1.7% | 3.0% |
| Q4 25 | 4.93× | 9.81× | ||
| Q3 25 | 25.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.36× | — | ||
| Q4 24 | — | 2.87× | ||
| 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
