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Life Time Group Holdings, Inc.（LTH）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是Life Time Group Holdings, Inc.的1.9倍（$1.4B vs $745.1M），瑞思迈净利率更高（27.6% vs 16.5%，领先11.1%），Life Time Group Holdings, Inc.同比增速更快（12.3% vs 11.0%），瑞思迈自由现金流更多（$311.2M vs $-64.6M），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（11.7% vs 9.0%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
LTH vs RMD — 直观对比
营收规模更大
RMD
是对方的1.9倍
$745.1M
营收增速更快
LTH
高出1.4%
11.0%
净利率更高
RMD
高出11.1%
16.5%
自由现金流更多
RMD
多$375.9M
$-64.6M
两年增速更快
LTH
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $1.4B |
| 净利润 | $123.0M | $392.6M |
| 毛利率 | 49.1% | 61.8% |
| 营业利润率 | 17.4% | 34.6% |
| 净利率 | 16.5% | 27.6% |
| 营收同比 | 12.3% | 11.0% |
| 净利润同比 | 231.0% | 13.9% |
| 每股收益（稀释后） | $0.55 | $2.68 |
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LTHRMD
| Q4 25 | $745.1M | $1.4B | ||
| Q3 25 | $782.6M | $1.3B | ||
| Q2 25 | $761.5M | $1.3B | ||
| Q1 25 | $706.0M | $1.3B | ||
| Q4 24 | $663.3M | $1.3B | ||
| Q3 24 | $693.2M | $1.2B | ||
| Q2 24 | $667.8M | $1.2B | ||
| Q1 24 | $596.7M | $1.2B |
净利润LTHRMD
| Q4 25 | $123.0M | $392.6M | ||
| Q3 25 | $102.4M | $348.5M | ||
| Q2 25 | $72.1M | $379.7M | ||
| Q1 25 | $76.1M | $365.0M | ||
| Q4 24 | $37.2M | $344.6M | ||
| Q3 24 | $41.4M | $311.4M | ||
| Q2 24 | $52.8M | $292.2M | ||
| Q1 24 | $24.9M | $300.5M |
毛利率LTHRMD
| Q4 25 | 49.1% | 61.8% | ||
| Q3 25 | 47.1% | 61.5% | ||
| Q2 25 | 47.0% | 60.8% | ||
| Q1 25 | 47.5% | 59.3% | ||
| Q4 24 | 48.2% | 58.6% | ||
| Q3 24 | 46.5% | 58.6% | ||
| Q2 24 | 46.8% | 58.5% | ||
| Q1 24 | 46.1% | 57.9% |
营业利润率LTHRMD
| Q4 25 | 17.4% | 34.6% | ||
| Q3 25 | 17.3% | 33.4% | ||
| Q2 25 | 14.2% | 33.7% | ||
| Q1 25 | 15.2% | 33.0% | ||
| Q4 24 | 13.1% | 32.5% | ||
| Q3 24 | 13.5% | 31.6% | ||
| Q2 24 | 15.7% | 31.2% | ||
| Q1 24 | 12.1% | 31.3% |
净利率LTHRMD
| Q4 25 | 16.5% | 27.6% | ||
| Q3 25 | 13.1% | 26.1% | ||
| Q2 25 | 9.5% | 28.2% | ||
| Q1 25 | 10.8% | 28.3% | ||
| Q4 24 | 5.6% | 26.9% | ||
| Q3 24 | 6.0% | 25.4% | ||
| Q2 24 | 7.9% | 23.9% | ||
| Q1 24 | 4.2% | 25.1% |
每股收益（稀释后）LTHRMD
| Q4 25 | $0.55 | $2.68 | ||
| Q3 25 | $0.45 | $2.37 | ||
| Q2 25 | $0.32 | $2.58 | ||
| Q1 25 | $0.34 | $2.48 | ||
| Q4 24 | $0.17 | $2.34 | ||
| Q3 24 | $0.19 | $2.11 | ||
| Q2 24 | $0.26 | $1.97 | ||
| Q1 24 | $0.12 | $2.04 |
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 | $1.4B |
| 总债务越低越好 | $1.5B | $403.9M |
| 股东权益账面价值 | $3.1B | $6.3B |
| 总资产 | $8.0B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资LTHRMD
| Q4 25 | $204.8M | $1.4B | ||
| Q3 25 | $218.9M | $1.4B | ||
| Q2 25 | $175.5M | $1.2B | ||
| Q1 25 | $59.0M | $932.7M | ||
| Q4 24 | $10.9M | $521.9M | ||
| Q3 24 | $120.9M | $426.4M | ||
| Q2 24 | $34.5M | $238.4M | ||
| Q1 24 | $18.6M | $237.9M |
总债务LTHRMD
| Q4 25 | $1.5B | $403.9M | ||
| Q3 25 | $1.5B | $408.7M | ||
| Q2 25 | $1.5B | $658.4M | ||
| Q1 25 | $1.5B | $663.1M | ||
| Q4 24 | $1.5B | $662.9M | ||
| Q3 24 | $1.7B | $667.6M | ||
| Q2 24 | $1.8B | $697.3M | ||
| Q1 24 | $2.0B | $997.0M |
股东权益LTHRMD
| Q4 25 | $3.1B | $6.3B | ||
| Q3 25 | $3.0B | $6.1B | ||
| Q2 25 | $2.9B | $6.0B | ||
| Q1 25 | $2.7B | $5.5B | ||
| Q4 24 | $2.6B | $5.3B | ||
| Q3 24 | $2.6B | $5.2B | ||
| Q2 24 | $2.4B | $4.9B | ||
| Q1 24 | $2.3B | $4.6B |
总资产LTHRMD
| Q4 25 | $8.0B | $8.5B | ||
| Q3 25 | $7.8B | $8.3B | ||
| Q2 25 | $7.6B | $8.2B | ||
| Q1 25 | $7.3B | $7.6B | ||
| Q4 24 | $7.2B | $7.1B | ||
| Q3 24 | $7.2B | $7.2B | ||
| Q2 24 | $7.1B | $6.9B | ||
| Q1 24 | $7.1B | $6.8B |
负债/权益比LTHRMD
| Q4 25 | 0.48× | 0.06× | ||
| Q3 25 | 0.51× | 0.07× | ||
| Q2 25 | 0.53× | 0.11× | ||
| Q1 25 | 0.56× | 0.12× | ||
| Q4 24 | 0.59× | 0.13× | ||
| Q3 24 | 0.64× | 0.13× | ||
| Q2 24 | 0.78× | 0.14× | ||
| Q1 24 | 0.87× | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | $311.2M |
| 自由现金流率自由现金流/营收 | -8.7% | 21.9% |
| 资本支出强度资本支出/营收 | 40.9% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.95× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $-21.0M | $1.8B |
8季度趋势，按日历期对齐
经营现金流LTHRMD
| Q4 25 | $239.9M | $339.7M | ||
| Q3 25 | $251.1M | $457.3M | ||
| Q2 25 | $195.7M | $538.8M | ||
| Q1 25 | $183.9M | $578.7M | ||
| Q4 24 | $163.1M | $308.6M | ||
| Q3 24 | $151.1M | $325.5M | ||
| Q2 24 | $170.4M | $440.1M | ||
| Q1 24 | $90.4M | $402.0M |
自由现金流LTHRMD
| Q4 25 | $-64.6M | $311.2M | ||
| Q3 25 | $28.6M | $414.4M | ||
| Q2 25 | $-26.3M | $508.2M | ||
| Q1 25 | $41.4M | $557.9M | ||
| Q4 24 | $26.8M | $288.0M | ||
| Q3 24 | $64.0M | $307.7M | ||
| Q2 24 | $26.1M | $415.2M | ||
| Q1 24 | $-66.4M | $380.8M |
自由现金流率LTHRMD
| Q4 25 | -8.7% | 21.9% | ||
| Q3 25 | 3.7% | 31.0% | ||
| Q2 25 | -3.5% | 37.7% | ||
| Q1 25 | 5.9% | 43.2% | ||
| Q4 24 | 4.0% | 22.5% | ||
| Q3 24 | 9.2% | 25.1% | ||
| Q2 24 | 3.9% | 33.9% | ||
| Q1 24 | -11.1% | 31.8% |
资本支出强度LTHRMD
| Q4 25 | 40.9% | 2.0% | ||
| Q3 25 | 28.4% | 3.2% | ||
| Q2 25 | 29.2% | 2.3% | ||
| Q1 25 | 20.2% | 1.6% | ||
| Q4 24 | 20.6% | 1.6% | ||
| Q3 24 | 12.6% | 1.5% | ||
| Q2 24 | 21.6% | 2.0% | ||
| Q1 24 | 26.3% | 1.8% |
现金转化率LTHRMD
| Q4 25 | 1.95× | 0.87× | ||
| Q3 25 | 2.45× | 1.31× | ||
| Q2 25 | 2.71× | 1.42× | ||
| Q1 25 | 2.41× | 1.59× | ||
| Q4 24 | 4.39× | 0.90× | ||
| Q3 24 | 3.65× | 1.05× | ||
| Q2 24 | 3.23× | 1.51× | ||
| Q1 24 | 3.63× | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
