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Life Time Group Holdings, Inc.（LTH）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
Life Time Group Holdings, Inc.的季度营收约是RBC Bearings INC的1.6倍（$745.1M vs $461.6M），Life Time Group Holdings, Inc.净利率更高（16.5% vs 14.6%，领先1.9%），RBC Bearings INC同比增速更快（17.0% vs 12.3%），RBC Bearings INC自由现金流更多（$99.1M vs $-64.6M），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（11.7% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
LTH vs RBC — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $461.6M |
| 净利润 | $123.0M | $67.4M |
| 毛利率 | 49.1% | 44.3% |
| 营业利润率 | 17.4% | 22.3% |
| 净利率 | 16.5% | 14.6% |
| 营收同比 | 12.3% | 17.0% |
| 净利润同比 | 231.0% | 16.4% |
| 每股收益（稀释后） | $0.55 | $2.13 |
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 | $745.1M | $461.6M | ||
| Q3 25 | $782.6M | $455.3M | ||
| Q2 25 | $761.5M | $436.0M | ||
| Q1 25 | $706.0M | $437.7M | ||
| Q4 24 | $663.3M | $394.4M | ||
| Q3 24 | $693.2M | $397.9M | ||
| Q2 24 | $667.8M | $406.3M | ||
| Q1 24 | $596.7M | $413.7M |
| Q4 25 | $123.0M | $67.4M | ||
| Q3 25 | $102.4M | $60.0M | ||
| Q2 25 | $72.1M | $68.5M | ||
| Q1 25 | $76.1M | $72.7M | ||
| Q4 24 | $37.2M | $57.9M | ||
| Q3 24 | $41.4M | $54.2M | ||
| Q2 24 | $52.8M | $61.4M | ||
| Q1 24 | $24.9M | — |
| Q4 25 | 49.1% | 44.3% | ||
| Q3 25 | 47.1% | 44.1% | ||
| Q2 25 | 47.0% | 44.8% | ||
| Q1 25 | 47.5% | 44.2% | ||
| Q4 24 | 48.2% | 44.3% | ||
| Q3 24 | 46.5% | 43.7% | ||
| Q2 24 | 46.8% | 45.3% | ||
| Q1 24 | 46.1% | 43.1% |
| Q4 25 | 17.4% | 22.3% | ||
| Q3 25 | 17.3% | 21.5% | ||
| Q2 25 | 14.2% | 23.2% | ||
| Q1 25 | 15.2% | 23.0% | ||
| Q4 24 | 13.1% | 21.7% | ||
| Q3 24 | 13.5% | 21.6% | ||
| Q2 24 | 15.7% | 24.0% | ||
| Q1 24 | 12.1% | 22.8% |
| Q4 25 | 16.5% | 14.6% | ||
| Q3 25 | 13.1% | 13.2% | ||
| Q2 25 | 9.5% | 15.7% | ||
| Q1 25 | 10.8% | 16.6% | ||
| Q4 24 | 5.6% | 14.7% | ||
| Q3 24 | 6.0% | 13.6% | ||
| Q2 24 | 7.9% | 15.1% | ||
| Q1 24 | 4.2% | — |
| Q4 25 | $0.55 | $2.13 | ||
| Q3 25 | $0.45 | $1.90 | ||
| Q2 25 | $0.32 | $2.17 | ||
| Q1 25 | $0.34 | $2.33 | ||
| Q4 24 | $0.17 | $1.82 | ||
| Q3 24 | $0.19 | $1.65 | ||
| Q2 24 | $0.26 | $1.90 | ||
| Q1 24 | $0.12 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | $1.5B | $990.2M |
| 股东权益账面价值 | $3.1B | $3.3B |
| 总资产 | $8.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.30× |
8季度趋势，按日历期对齐
| Q4 25 | $204.8M | $107.6M | ||
| Q3 25 | $218.9M | $91.2M | ||
| Q2 25 | $175.5M | $132.9M | ||
| Q1 25 | $59.0M | $36.8M | ||
| Q4 24 | $10.9M | — | ||
| Q3 24 | $120.9M | — | ||
| Q2 24 | $34.5M | $76.8M | ||
| Q1 24 | $18.6M | $63.5M |
| Q4 25 | $1.5B | $990.2M | ||
| Q3 25 | $1.5B | $1.1B | ||
| Q2 25 | $1.5B | $915.6M | ||
| Q1 25 | $1.5B | $920.1M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | $1.2B |
| Q4 25 | $3.1B | $3.3B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $2.9B | $3.1B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.6B | $2.9B | ||
| Q3 24 | $2.6B | $2.9B | ||
| Q2 24 | $2.4B | $2.8B | ||
| Q1 24 | $2.3B | $2.8B |
| Q4 25 | $8.0B | $5.1B | ||
| Q3 25 | $7.8B | $5.1B | ||
| Q2 25 | $7.6B | $4.8B | ||
| Q1 25 | $7.3B | $4.7B | ||
| Q4 24 | $7.2B | $4.7B | ||
| Q3 24 | $7.2B | $4.7B | ||
| Q2 24 | $7.1B | $4.7B | ||
| Q1 24 | $7.1B | $4.7B |
| Q4 25 | 0.48× | 0.30× | ||
| Q3 25 | 0.51× | 0.34× | ||
| Q2 25 | 0.53× | 0.29× | ||
| Q1 25 | 0.56× | 0.30× | ||
| Q4 24 | 0.59× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 0.87× | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | $99.1M |
| 自由现金流率自由现金流/营收 | -8.7% | 21.5% |
| 资本支出强度资本支出/营收 | 40.9% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.81× |
| 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
| Q4 25 | $239.9M | $122.1M | ||
| Q3 25 | $251.1M | $88.4M | ||
| Q2 25 | $195.7M | $120.0M | ||
| Q1 25 | $183.9M | — | ||
| Q4 24 | $163.1M | $84.0M | ||
| Q3 24 | $151.1M | — | ||
| Q2 24 | $170.4M | $97.4M | ||
| Q1 24 | $90.4M | — |
| Q4 25 | $-64.6M | $99.1M | ||
| Q3 25 | $28.6M | $71.7M | ||
| Q2 25 | $-26.3M | $104.3M | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $26.8M | $73.6M | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $26.1M | $88.4M | ||
| Q1 24 | $-66.4M | — |
| Q4 25 | -8.7% | 21.5% | ||
| Q3 25 | 3.7% | 15.7% | ||
| Q2 25 | -3.5% | 23.9% | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 4.0% | 18.7% | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 3.9% | 21.8% | ||
| Q1 24 | -11.1% | — |
| Q4 25 | 40.9% | 5.0% | ||
| Q3 25 | 28.4% | 3.7% | ||
| Q2 25 | 29.2% | 3.6% | ||
| Q1 25 | 20.2% | 3.2% | ||
| Q4 24 | 20.6% | 2.6% | ||
| Q3 24 | 12.6% | 4.1% | ||
| Q2 24 | 21.6% | 2.2% | ||
| Q1 24 | 26.3% | — |
| Q4 25 | 1.95× | 1.81× | ||
| Q3 25 | 2.45× | 1.47× | ||
| Q2 25 | 2.71× | 1.75× | ||
| Q1 25 | 2.41× | — | ||
| Q4 24 | 4.39× | 1.45× | ||
| Q3 24 | 3.65× | — | ||
| Q2 24 | 3.23× | 1.59× | ||
| Q1 24 | 3.63× | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
