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Life Time Group Holdings, Inc.（LTH）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是Life Time Group Holdings, Inc.的1.0倍（$805.0M vs $788.7M），Life Time Group Holdings, Inc.净利率更高（11.2% vs -5.9%，领先17.1%），摩丁制造同比增速更快（30.5% vs 11.7%），摩丁制造自由现金流更多（$-17.1M vs $-61.2M），过去两年摩丁制造的营收复合增速更高（15.5% vs 8.7%）
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。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
LTH vs MOD — 直观对比
营收规模更大
MOD
是对方的1.0倍
$788.7M
营收增速更快
MOD
高出18.8%
11.7%
净利率更高
LTH
高出17.1%
-5.9%
自由现金流更多
MOD
多$44.1M
$-61.2M
两年增速更快
MOD
近两年复合增速
8.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $788.7M | $805.0M |
| 净利润 | $88.1M | $-47.4M |
| 毛利率 | — | 23.1% |
| 营业利润率 | 17.1% | 11.1% |
| 净利率 | 11.2% | -5.9% |
| 营收同比 | 11.7% | 30.5% |
| 净利润同比 | 15.8% | -215.6% |
| 每股收益（稀释后） | $0.39 | $-0.90 |
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LTHMOD
| Q1 26 | $788.7M | — | ||
| Q4 25 | $745.1M | $805.0M | ||
| Q3 25 | $782.6M | $738.9M | ||
| Q2 25 | $761.5M | $682.8M | ||
| Q1 25 | $706.0M | $647.2M | ||
| Q4 24 | $663.3M | $616.8M | ||
| Q3 24 | $693.2M | $658.0M | ||
| Q2 24 | $667.8M | $661.5M |
净利润LTHMOD
| Q1 26 | $88.1M | — | ||
| Q4 25 | $123.0M | $-47.4M | ||
| Q3 25 | $102.4M | $44.4M | ||
| Q2 25 | $72.1M | $51.2M | ||
| Q1 25 | $76.1M | $49.6M | ||
| Q4 24 | $37.2M | $41.0M | ||
| Q3 24 | $41.4M | $46.1M | ||
| Q2 24 | $52.8M | $47.3M |
毛利率LTHMOD
| Q1 26 | — | — | ||
| Q4 25 | 49.1% | 23.1% | ||
| Q3 25 | 47.1% | 22.3% | ||
| Q2 25 | 47.0% | 24.2% | ||
| Q1 25 | 47.5% | 25.6% | ||
| Q4 24 | 48.2% | 24.3% | ||
| Q3 24 | 46.5% | 25.2% | ||
| Q2 24 | 46.8% | 24.6% |
营业利润率LTHMOD
| Q1 26 | 17.1% | — | ||
| Q4 25 | 17.4% | 11.1% | ||
| Q3 25 | 17.3% | 9.9% | ||
| Q2 25 | 14.2% | 11.1% | ||
| Q1 25 | 15.2% | 11.5% | ||
| Q4 24 | 13.1% | 9.6% | ||
| Q3 24 | 13.5% | 11.4% | ||
| Q2 24 | 15.7% | 11.2% |
净利率LTHMOD
| Q1 26 | 11.2% | — | ||
| Q4 25 | 16.5% | -5.9% | ||
| Q3 25 | 13.1% | 6.0% | ||
| Q2 25 | 9.5% | 7.5% | ||
| Q1 25 | 10.8% | 7.7% | ||
| Q4 24 | 5.6% | 6.6% | ||
| Q3 24 | 6.0% | 7.0% | ||
| Q2 24 | 7.9% | 7.2% |
每股收益（稀释后）LTHMOD
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.55 | $-0.90 | ||
| Q3 25 | $0.45 | $0.83 | ||
| Q2 25 | $0.32 | $0.95 | ||
| Q1 25 | $0.34 | $0.92 | ||
| Q4 24 | $0.17 | $0.76 | ||
| Q3 24 | $0.19 | $0.86 | ||
| Q2 24 | $0.26 | $0.88 |
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 | $120.0M | $98.7M |
| 总债务越低越好 | $1.5B | $570.7M |
| 股东权益账面价值 | $3.2B | $1.1B |
| 总资产 | $8.1B | $2.5B |
| 负债/权益比越低杠杆越低 | 0.46× | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资LTHMOD
| Q1 26 | $120.0M | — | ||
| Q4 25 | $204.8M | $98.7M | ||
| Q3 25 | $218.9M | $83.8M | ||
| Q2 25 | $175.5M | $124.5M | ||
| Q1 25 | $59.0M | $71.6M | ||
| Q4 24 | $10.9M | $83.8M | ||
| Q3 24 | $120.9M | $78.6M | ||
| Q2 24 | $34.5M | $72.9M |
总债务LTHMOD
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $570.7M | ||
| Q3 25 | $1.5B | $525.8M | ||
| Q2 25 | $1.5B | $482.1M | ||
| Q1 25 | $1.5B | $296.7M | ||
| Q4 24 | $1.5B | $330.0M | ||
| Q3 24 | $1.7B | $359.1M | ||
| Q2 24 | $1.8B | $405.7M |
股东权益LTHMOD
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $1.1B | ||
| Q3 25 | $3.0B | $1.1B | ||
| Q2 25 | $2.9B | $1.0B | ||
| Q1 25 | $2.7B | $910.2M | ||
| Q4 24 | $2.6B | $855.1M | ||
| Q3 24 | $2.6B | $858.8M | ||
| Q2 24 | $2.4B | $788.4M |
总资产LTHMOD
| Q1 26 | $8.1B | — | ||
| Q4 25 | $8.0B | $2.5B | ||
| Q3 25 | $7.8B | $2.4B | ||
| Q2 25 | $7.6B | $2.2B | ||
| Q1 25 | $7.3B | $1.9B | ||
| Q4 24 | $7.2B | $1.8B | ||
| Q3 24 | $7.2B | $1.9B | ||
| Q2 24 | $7.1B | $1.9B |
负债/权益比LTHMOD
| Q1 26 | 0.46× | — | ||
| Q4 25 | 0.48× | 0.51× | ||
| Q3 25 | 0.51× | 0.50× | ||
| Q2 25 | 0.53× | 0.48× | ||
| Q1 25 | 0.56× | 0.33× | ||
| Q4 24 | 0.59× | 0.39× | ||
| Q3 24 | 0.64× | 0.42× | ||
| Q2 24 | 0.78× | 0.51× |
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 | $198.8M | $24.7M |
| 自由现金流经营现金流 - 资本支出 | $-61.2M | $-17.1M |
| 自由现金流率自由现金流/营收 | -7.8% | -2.1% |
| 资本支出强度资本支出/营收 | 26.0% | 5.2% |
| 现金转化率经营现金流/净利润 | 2.26× | — |
| 过去12个月自由现金流最近4个季度 | $-123.6M | $-20.3M |
8季度趋势，按日历期对齐
经营现金流LTHMOD
| Q1 26 | $198.8M | — | ||
| Q4 25 | $239.9M | $24.7M | ||
| Q3 25 | $251.1M | $1.4M | ||
| Q2 25 | $195.7M | $27.7M | ||
| Q1 25 | $183.9M | $54.8M | ||
| Q4 24 | $163.1M | $60.7M | ||
| Q3 24 | $151.1M | $57.3M | ||
| Q2 24 | $170.4M | $40.5M |
自由现金流LTHMOD
| Q1 26 | $-61.2M | — | ||
| Q4 25 | $-64.6M | $-17.1M | ||
| Q3 25 | $28.6M | $-30.5M | ||
| Q2 25 | $-26.3M | $200.0K | ||
| Q1 25 | $41.4M | $27.1M | ||
| Q4 24 | $26.8M | $44.7M | ||
| Q3 24 | $64.0M | $43.8M | ||
| Q2 24 | $26.1M | $13.7M |
自由现金流率LTHMOD
| Q1 26 | -7.8% | — | ||
| Q4 25 | -8.7% | -2.1% | ||
| Q3 25 | 3.7% | -4.1% | ||
| Q2 25 | -3.5% | 0.0% | ||
| Q1 25 | 5.9% | 4.2% | ||
| Q4 24 | 4.0% | 7.2% | ||
| Q3 24 | 9.2% | 6.7% | ||
| Q2 24 | 3.9% | 2.1% |
资本支出强度LTHMOD
| Q1 26 | 26.0% | — | ||
| Q4 25 | 40.9% | 5.2% | ||
| Q3 25 | 28.4% | 4.3% | ||
| Q2 25 | 29.2% | 4.0% | ||
| Q1 25 | 20.2% | 4.3% | ||
| Q4 24 | 20.6% | 2.6% | ||
| Q3 24 | 12.6% | 2.1% | ||
| Q2 24 | 21.6% | 4.1% |
现金转化率LTHMOD
| Q1 26 | 2.26× | — | ||
| Q4 25 | 1.95× | — | ||
| Q3 25 | 2.45× | 0.03× | ||
| Q2 25 | 2.71× | 0.54× | ||
| Q1 25 | 2.41× | 1.10× | ||
| Q4 24 | 4.39× | 1.48× | ||
| Q3 24 | 3.65× | 1.24× | ||
| Q2 24 | 3.23× | 0.86× |
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
| Center revenue | $767.6M | 97% |
| Other revenue | $21.1M | 3% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
