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Life Time Group Holdings, Inc.（LTH）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是Life Time Group Holdings, Inc.的1.9倍（$1.4B vs $745.1M），Life Time Group Holdings, Inc.净利率更高（16.5% vs -22.3%，领先38.8%），罗布乐思同比增速更快（43.2% vs 12.3%），罗布乐思自由现金流更多（$308.6M vs $-64.6M），过去两年罗布乐思的营收复合增速更高（32.9% vs 11.7%）
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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
LTH vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.9倍
$745.1M
营收增速更快
RBLX
高出30.9%
12.3%
净利率更高
LTH
高出38.8%
-22.3%
自由现金流更多
RBLX
多$373.2M
$-64.6M
两年增速更快
RBLX
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $1.4B |
| 净利润 | $123.0M | $-316.0M |
| 毛利率 | 49.1% | 77.7% |
| 营业利润率 | 17.4% | -25.3% |
| 净利率 | 16.5% | -22.3% |
| 营收同比 | 12.3% | 43.2% |
| 净利润同比 | 231.0% | -43.9% |
| 每股收益（稀释后） | $0.55 | $-0.44 |
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LTHRBLX
| Q4 25 | $745.1M | $1.4B | ||
| Q3 25 | $782.6M | $1.4B | ||
| Q2 25 | $761.5M | $1.1B | ||
| Q1 25 | $706.0M | $1.0B | ||
| Q4 24 | $663.3M | $988.2M | ||
| Q3 24 | $693.2M | $919.0M | ||
| Q2 24 | $667.8M | $893.5M | ||
| Q1 24 | $596.7M | $801.3M |
净利润LTHRBLX
| Q4 25 | $123.0M | $-316.0M | ||
| Q3 25 | $102.4M | $-255.6M | ||
| Q2 25 | $72.1M | $-278.4M | ||
| Q1 25 | $76.1M | $-215.1M | ||
| Q4 24 | $37.2M | $-219.6M | ||
| Q3 24 | $41.4M | $-239.3M | ||
| Q2 24 | $52.8M | $-205.9M | ||
| Q1 24 | $24.9M | $-270.6M |
毛利率LTHRBLX
| Q4 25 | 49.1% | 77.7% | ||
| Q3 25 | 47.1% | 78.2% | ||
| Q2 25 | 47.0% | 78.2% | ||
| Q1 25 | 47.5% | 78.3% | ||
| Q4 24 | 48.2% | 77.9% | ||
| Q3 24 | 46.5% | 77.7% | ||
| Q2 24 | 46.8% | 77.8% | ||
| Q1 24 | 46.1% | 77.7% |
营业利润率LTHRBLX
| Q4 25 | 17.4% | -25.3% | ||
| Q3 25 | 17.3% | -21.8% | ||
| Q2 25 | 14.2% | -29.8% | ||
| Q1 25 | 15.2% | -24.6% | ||
| Q4 24 | 13.1% | -24.7% | ||
| Q3 24 | 13.5% | -30.4% | ||
| Q2 24 | 15.7% | -26.6% | ||
| Q1 24 | 12.1% | -37.7% |
净利率LTHRBLX
| Q4 25 | 16.5% | -22.3% | ||
| Q3 25 | 13.1% | -18.8% | ||
| Q2 25 | 9.5% | -25.8% | ||
| Q1 25 | 10.8% | -20.8% | ||
| Q4 24 | 5.6% | -22.2% | ||
| Q3 24 | 6.0% | -26.0% | ||
| Q2 24 | 7.9% | -23.0% | ||
| Q1 24 | 4.2% | -33.8% |
每股收益（稀释后）LTHRBLX
| Q4 25 | $0.55 | $-0.44 | ||
| Q3 25 | $0.45 | $-0.37 | ||
| Q2 25 | $0.32 | $-0.41 | ||
| Q1 25 | $0.34 | $-0.32 | ||
| Q4 24 | $0.17 | $-0.32 | ||
| Q3 24 | $0.19 | $-0.37 | ||
| Q2 24 | $0.26 | $-0.32 | ||
| Q1 24 | $0.12 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | $1.5B | $1.2B |
| 股东权益账面价值 | $3.1B | $394.5M |
| 总资产 | $8.0B | $9.6B |
| 负债/权益比越低杠杆越低 | 0.48× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资LTHRBLX
| Q4 25 | $204.8M | $3.1B | ||
| Q3 25 | $218.9M | $2.9B | ||
| Q2 25 | $175.5M | $2.6B | ||
| Q1 25 | $59.0M | $2.7B | ||
| Q4 24 | $10.9M | $2.4B | ||
| Q3 24 | $120.9M | $2.3B | ||
| Q2 24 | $34.5M | $2.4B | ||
| Q1 24 | $18.6M | $2.4B |
总债务LTHRBLX
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | — |
股东权益LTHRBLX
| Q4 25 | $3.1B | $394.5M | ||
| Q3 25 | $3.0B | $407.6M | ||
| Q2 25 | $2.9B | $353.2M | ||
| Q1 25 | $2.7B | $310.7M | ||
| Q4 24 | $2.6B | $221.4M | ||
| Q3 24 | $2.6B | $189.9M | ||
| Q2 24 | $2.4B | $121.5M | ||
| Q1 24 | $2.3B | $71.6M |
总资产LTHRBLX
| Q4 25 | $8.0B | $9.6B | ||
| Q3 25 | $7.8B | $8.6B | ||
| Q2 25 | $7.6B | $7.8B | ||
| Q1 25 | $7.3B | $7.5B | ||
| Q4 24 | $7.2B | $7.2B | ||
| Q3 24 | $7.2B | $6.7B | ||
| Q2 24 | $7.1B | $6.5B | ||
| Q1 24 | $7.1B | $6.3B |
负债/权益比LTHRBLX
| Q4 25 | 0.48× | 2.98× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | 5.48× | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.78× | — | ||
| Q1 24 | 0.87× | — |
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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | $308.6M |
| 自由现金流率自由现金流/营收 | -8.7% | 21.8% |
| 资本支出强度资本支出/营收 | 40.9% | 21.1% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流LTHRBLX
| Q4 25 | $239.9M | $607.0M | ||
| Q3 25 | $251.1M | $546.2M | ||
| Q2 25 | $195.7M | $199.3M | ||
| Q1 25 | $183.9M | $443.9M | ||
| Q4 24 | $163.1M | $184.5M | ||
| Q3 24 | $151.1M | $247.4M | ||
| Q2 24 | $170.4M | $151.4M | ||
| Q1 24 | $90.4M | $238.9M |
自由现金流LTHRBLX
| Q4 25 | $-64.6M | $308.6M | ||
| Q3 25 | $28.6M | $443.6M | ||
| Q2 25 | $-26.3M | $176.7M | ||
| Q1 25 | $41.4M | $426.5M | ||
| Q4 24 | $26.8M | $120.6M | ||
| Q3 24 | $64.0M | $218.0M | ||
| Q2 24 | $26.1M | $111.7M | ||
| Q1 24 | $-66.4M | $192.3M |
自由现金流率LTHRBLX
| Q4 25 | -8.7% | 21.8% | ||
| Q3 25 | 3.7% | 32.6% | ||
| Q2 25 | -3.5% | 16.3% | ||
| Q1 25 | 5.9% | 41.2% | ||
| Q4 24 | 4.0% | 12.2% | ||
| Q3 24 | 9.2% | 23.7% | ||
| Q2 24 | 3.9% | 12.5% | ||
| Q1 24 | -11.1% | 24.0% |
资本支出强度LTHRBLX
| Q4 25 | 40.9% | 21.1% | ||
| Q3 25 | 28.4% | 7.5% | ||
| Q2 25 | 29.2% | 2.1% | ||
| Q1 25 | 20.2% | 1.7% | ||
| Q4 24 | 20.6% | 6.5% | ||
| Q3 24 | 12.6% | 3.2% | ||
| Q2 24 | 21.6% | 4.4% | ||
| Q1 24 | 26.3% | 5.8% |
现金转化率LTHRBLX
| Q4 25 | 1.95× | — | ||
| Q3 25 | 2.45× | — | ||
| Q2 25 | 2.71× | — | ||
| Q1 25 | 2.41× | — | ||
| Q4 24 | 4.39× | — | ||
| Q3 24 | 3.65× | — | ||
| Q2 24 | 3.23× | — | ||
| 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% |
RBLX
暂无分部数据
