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Life Time Group Holdings, Inc.（LTH）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是Life Time Group Holdings, Inc.的1.2倍（$862.2M vs $745.1M），Life Time Group Holdings, Inc.净利率更高（16.5% vs 7.1%，领先9.4%），Life Time Group Holdings, Inc.同比增速更快（12.3% vs 4.3%），Life Time Group Holdings, Inc.自由现金流更多（$-64.6M vs $-88.1M），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（11.7% vs -10.6%）
Life Time Group Holdings是美国高端健身康养服务运营商，在全美运营连锁高端运动场馆，提供健身器材使用、团体课程、私教指导、SPA护理、营养咨询、青少年运动项目及联合办公等服务，服务于追求健康生活方式的消费群体。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
LTH vs MAT — 直观对比
营收规模更大
MAT
是对方的1.2倍
$745.1M
营收增速更快
LTH
高出8.0%
4.3%
净利率更高
LTH
高出9.4%
7.1%
自由现金流更多
LTH
多$23.5M
$-88.1M
两年增速更快
LTH
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $862.2M |
| 净利润 | $123.0M | $61.0M |
| 毛利率 | 49.1% | 44.9% |
| 营业利润率 | 17.4% | — |
| 净利率 | 16.5% | 7.1% |
| 营收同比 | 12.3% | 4.3% |
| 净利润同比 | 231.0% | 251.4% |
| 每股收益（稀释后） | $0.55 | $0.20 |
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LTHMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $745.1M | $1.8B | ||
| Q3 25 | $782.6M | $1.7B | ||
| Q2 25 | $761.5M | $1.0B | ||
| Q1 25 | $706.0M | $826.6M | ||
| Q4 24 | $663.3M | $1.6B | ||
| Q3 24 | $693.2M | $1.8B | ||
| Q2 24 | $667.8M | $1.1B |
净利润LTHMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $123.0M | $106.2M | ||
| Q3 25 | $102.4M | $278.4M | ||
| Q2 25 | $72.1M | $53.4M | ||
| Q1 25 | $76.1M | $-40.3M | ||
| Q4 24 | $37.2M | $140.9M | ||
| Q3 24 | $41.4M | $372.4M | ||
| Q2 24 | $52.8M | $56.9M |
毛利率LTHMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | 49.1% | 45.9% | ||
| Q3 25 | 47.1% | 50.0% | ||
| Q2 25 | 47.0% | 50.9% | ||
| Q1 25 | 47.5% | 49.4% | ||
| Q4 24 | 48.2% | 50.7% | ||
| Q3 24 | 46.5% | 53.1% | ||
| Q2 24 | 46.8% | 49.2% |
营业利润率LTHMAT
| Q1 26 | — | — | ||
| Q4 25 | 17.4% | 8.0% | ||
| Q3 25 | 17.3% | 21.9% | ||
| Q2 25 | 14.2% | 7.7% | ||
| Q1 25 | 15.2% | -6.4% | ||
| Q4 24 | 13.1% | 9.6% | ||
| Q3 24 | 13.5% | 26.5% | ||
| Q2 24 | 15.7% | 7.7% |
净利率LTHMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 16.5% | 6.0% | ||
| Q3 25 | 13.1% | 16.0% | ||
| Q2 25 | 9.5% | 5.2% | ||
| Q1 25 | 10.8% | -4.9% | ||
| Q4 24 | 5.6% | 8.6% | ||
| Q3 24 | 6.0% | 20.2% | ||
| Q2 24 | 7.9% | 5.3% |
每股收益（稀释后）LTHMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $0.55 | $0.32 | ||
| Q3 25 | $0.45 | $0.88 | ||
| Q2 25 | $0.32 | $0.16 | ||
| Q1 25 | $0.34 | $-0.12 | ||
| Q4 24 | $0.17 | $0.40 | ||
| Q3 24 | $0.19 | $1.09 | ||
| Q2 24 | $0.26 | $0.17 |
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 | $204.8M | $866.0M |
| 总债务越低越好 | $1.5B | $2.3B |
| 股东权益账面价值 | $3.1B | $2.1B |
| 总资产 | $8.0B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.48× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资LTHMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $204.8M | $1.2B | ||
| Q3 25 | $218.9M | $691.9M | ||
| Q2 25 | $175.5M | $870.5M | ||
| Q1 25 | $59.0M | $1.2B | ||
| Q4 24 | $10.9M | $1.4B | ||
| Q3 24 | $120.9M | $723.5M | ||
| Q2 24 | $34.5M | $722.4M |
总债务LTHMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.5B | $2.3B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.5B | $2.3B | ||
| Q3 24 | $1.7B | $2.3B | ||
| Q2 24 | $1.8B | $2.3B |
股东权益LTHMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.1B | $2.2B | ||
| Q3 25 | $3.0B | $2.3B | ||
| Q2 25 | $2.9B | $2.2B | ||
| Q1 25 | $2.7B | $2.1B | ||
| Q4 24 | $2.6B | $2.3B | ||
| Q3 24 | $2.6B | $2.3B | ||
| Q2 24 | $2.4B | $2.0B |
总资产LTHMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $8.0B | $6.6B | ||
| Q3 25 | $7.8B | $6.6B | ||
| Q2 25 | $7.6B | $6.2B | ||
| Q1 25 | $7.3B | $6.2B | ||
| Q4 24 | $7.2B | $6.5B | ||
| Q3 24 | $7.2B | $6.5B | ||
| Q2 24 | $7.1B | $5.9B |
负债/权益比LTHMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.48× | 1.04× | ||
| Q3 25 | 0.51× | 1.03× | ||
| Q2 25 | 0.53× | 1.08× | ||
| Q1 25 | 0.56× | 1.10× | ||
| Q4 24 | 0.59× | 1.03× | ||
| Q3 24 | 0.64× | 1.01× | ||
| Q2 24 | 0.78× | 1.18× |
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 | $239.9M | — |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | $-88.1M |
| 自由现金流率自由现金流/营收 | -8.7% | -10.2% |
| 资本支出强度资本支出/营收 | 40.9% | 7.6% |
| 现金转化率经营现金流/净利润 | 1.95× | — |
| 过去12个月自由现金流最近4个季度 | $-21.0M | — |
8季度趋势，按日历期对齐
经营现金流LTHMAT
| Q1 26 | — | — | ||
| Q4 25 | $239.9M | $796.6M | ||
| Q3 25 | $251.1M | $72.0M | ||
| Q2 25 | $195.7M | $-300.1M | ||
| Q1 25 | $183.9M | $24.8M | ||
| Q4 24 | $163.1M | $862.1M | ||
| Q3 24 | $151.1M | $155.8M | ||
| Q2 24 | $170.4M | $-252.9M |
自由现金流LTHMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $-64.6M | — | ||
| Q3 25 | $28.6M | — | ||
| Q2 25 | $-26.3M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $26.8M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $26.1M | — |
自由现金流率LTHMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | -8.7% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 3.9% | — |
资本支出强度LTHMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 40.9% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 20.2% | — | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 21.6% | — |
现金转化率LTHMAT
| Q1 26 | — | — | ||
| Q4 25 | 1.95× | 7.50× | ||
| Q3 25 | 2.45× | 0.26× | ||
| Q2 25 | 2.71× | -5.62× | ||
| Q1 25 | 2.41× | — | ||
| Q4 24 | 4.39× | 6.12× | ||
| Q3 24 | 3.65× | 0.42× | ||
| Q2 24 | 3.23× | -4.45× |
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
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
MAT
暂无分部数据
