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Life Time Group Holdings, Inc.（LTH）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC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 5.8%，领先10.7%），ROKU, INC同比增速更快（16.1% vs 12.3%），ROKU, INC自由现金流更多（$106.6M vs $-64.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
LTH vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.9倍
$745.1M
营收增速更快
ROKU
高出3.8%
12.3%
净利率更高
LTH
高出10.7%
5.8%
自由现金流更多
ROKU
多$171.2M
$-64.6M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | 49.1% | 43.5% |
| 营业利润率 | 17.4% | 4.7% |
| 净利率 | 16.5% | 5.8% |
| 营收同比 | 12.3% | 16.1% |
| 净利润同比 | 231.0% | 326.4% |
| 每股收益（稀释后） | $0.55 | $0.55 |
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LTHROKU
| Q4 25 | $745.1M | $1.4B | ||
| Q3 25 | $782.6M | $1.2B | ||
| Q2 25 | $761.5M | $1.1B | ||
| Q1 25 | $706.0M | $1.0B | ||
| Q4 24 | $663.3M | $1.2B | ||
| Q3 24 | $693.2M | $1.1B | ||
| Q2 24 | $667.8M | $968.2M | ||
| Q1 24 | $596.7M | $881.5M |
净利润LTHROKU
| Q4 25 | $123.0M | $80.5M | ||
| Q3 25 | $102.4M | $24.8M | ||
| Q2 25 | $72.1M | $10.5M | ||
| Q1 25 | $76.1M | $-27.4M | ||
| Q4 24 | $37.2M | $-35.5M | ||
| Q3 24 | $41.4M | $-9.0M | ||
| Q2 24 | $52.8M | $-34.0M | ||
| Q1 24 | $24.9M | $-50.9M |
毛利率LTHROKU
| Q4 25 | 49.1% | 43.5% | ||
| Q3 25 | 47.1% | 43.4% | ||
| Q2 25 | 47.0% | 44.8% | ||
| Q1 25 | 47.5% | 43.6% | ||
| Q4 24 | 48.2% | 42.7% | ||
| Q3 24 | 46.5% | 45.2% | ||
| Q2 24 | 46.8% | 43.9% | ||
| Q1 24 | 46.1% | 44.1% |
营业利润率LTHROKU
| Q4 25 | 17.4% | 4.7% | ||
| Q3 25 | 17.3% | 0.8% | ||
| Q2 25 | 14.2% | -2.1% | ||
| Q1 25 | 15.2% | -5.7% | ||
| Q4 24 | 13.1% | -3.3% | ||
| Q3 24 | 13.5% | -3.4% | ||
| Q2 24 | 15.7% | -7.4% | ||
| Q1 24 | 12.1% | -8.2% |
净利率LTHROKU
| Q4 25 | 16.5% | 5.8% | ||
| Q3 25 | 13.1% | 2.0% | ||
| Q2 25 | 9.5% | 0.9% | ||
| Q1 25 | 10.8% | -2.7% | ||
| Q4 24 | 5.6% | -3.0% | ||
| Q3 24 | 6.0% | -0.9% | ||
| Q2 24 | 7.9% | -3.5% | ||
| Q1 24 | 4.2% | -5.8% |
每股收益（稀释后）LTHROKU
| Q4 25 | $0.55 | $0.55 | ||
| Q3 25 | $0.45 | $0.16 | ||
| Q2 25 | $0.32 | $0.07 | ||
| Q1 25 | $0.34 | $-0.19 | ||
| Q4 24 | $0.17 | $-0.24 | ||
| Q3 24 | $0.19 | $-0.06 | ||
| Q2 24 | $0.26 | $-0.24 | ||
| Q1 24 | $0.12 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $3.1B | $2.7B |
| 总资产 | $8.0B | $4.4B |
| 负债/权益比越低杠杆越低 | 0.48× | — |
8季度趋势，按日历期对齐
现金及短期投资LTHROKU
| Q4 25 | $204.8M | $2.3B | ||
| Q3 25 | $218.9M | $2.3B | ||
| Q2 25 | $175.5M | $2.3B | ||
| Q1 25 | $59.0M | $2.3B | ||
| Q4 24 | $10.9M | $2.2B | ||
| Q3 24 | $120.9M | $2.1B | ||
| Q2 24 | $34.5M | $2.1B | ||
| Q1 24 | $18.6M | $2.1B |
总债务LTHROKU
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | — |
股东权益LTHROKU
| Q4 25 | $3.1B | $2.7B | ||
| Q3 25 | $3.0B | $2.6B | ||
| Q2 25 | $2.9B | $2.6B | ||
| Q1 25 | $2.7B | $2.5B | ||
| Q4 24 | $2.6B | $2.5B | ||
| Q3 24 | $2.6B | $2.5B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.3B | $2.4B |
总资产LTHROKU
| Q4 25 | $8.0B | $4.4B | ||
| Q3 25 | $7.8B | $4.4B | ||
| Q2 25 | $7.6B | $4.3B | ||
| Q1 25 | $7.3B | $4.2B | ||
| Q4 24 | $7.2B | $4.3B | ||
| Q3 24 | $7.2B | $4.3B | ||
| Q2 24 | $7.1B | $4.1B | ||
| Q1 24 | $7.1B | $4.2B |
负债/权益比LTHROKU
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | — | ||
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | $106.6M |
| 自由现金流率自由现金流/营收 | -8.7% | 7.6% |
| 资本支出强度资本支出/营收 | 40.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.95× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $-21.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流LTHROKU
| Q4 25 | $239.9M | $107.7M | ||
| Q3 25 | $251.1M | $127.6M | ||
| Q2 25 | $195.7M | $109.7M | ||
| Q1 25 | $183.9M | $138.7M | ||
| Q4 24 | $163.1M | $79.3M | ||
| Q3 24 | $151.1M | $68.7M | ||
| Q2 24 | $170.4M | $23.4M | ||
| Q1 24 | $90.4M | $46.7M |
自由现金流LTHROKU
| Q4 25 | $-64.6M | $106.6M | ||
| Q3 25 | $28.6M | $126.5M | ||
| Q2 25 | $-26.3M | $108.6M | ||
| Q1 25 | $41.4M | $136.8M | ||
| Q4 24 | $26.8M | $76.8M | ||
| Q3 24 | $64.0M | $67.6M | ||
| Q2 24 | $26.1M | $22.5M | ||
| Q1 24 | $-66.4M | $46.0M |
自由现金流率LTHROKU
| Q4 25 | -8.7% | 7.6% | ||
| Q3 25 | 3.7% | 10.4% | ||
| Q2 25 | -3.5% | 9.8% | ||
| Q1 25 | 5.9% | 13.4% | ||
| Q4 24 | 4.0% | 6.4% | ||
| Q3 24 | 9.2% | 6.4% | ||
| Q2 24 | 3.9% | 2.3% | ||
| Q1 24 | -11.1% | 5.2% |
资本支出强度LTHROKU
| Q4 25 | 40.9% | 0.1% | ||
| Q3 25 | 28.4% | 0.1% | ||
| Q2 25 | 29.2% | 0.1% | ||
| Q1 25 | 20.2% | 0.2% | ||
| Q4 24 | 20.6% | 0.2% | ||
| Q3 24 | 12.6% | 0.1% | ||
| Q2 24 | 21.6% | 0.1% | ||
| Q1 24 | 26.3% | 0.1% |
现金转化率LTHROKU
| Q4 25 | 1.95× | 1.34× | ||
| Q3 25 | 2.45× | 5.14× | ||
| Q2 25 | 2.71× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
