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Life Time Group Holdings, Inc.（LTH）与Royalty Pharma plc（RPRX）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Royalty Pharma plc的1.2倍（$745.1M vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 16.5%，领先17.9%），Life Time Group Holdings, Inc.同比增速更快（12.3% vs 4.8%），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（11.7% vs 4.6%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
LTH vs RPRX — 直观对比
营收规模更大
LTH
是对方的1.2倍
$622.0M
营收增速更快
LTH
高出7.6%
4.8%
净利率更高
RPRX
高出17.9%
16.5%
两年增速更快
LTH
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $622.0M |
| 净利润 | $123.0M | $214.2M |
| 毛利率 | 49.1% | — |
| 营业利润率 | 17.4% | 62.4% |
| 净利率 | 16.5% | 34.4% |
| 营收同比 | 12.3% | 4.8% |
| 净利润同比 | 231.0% | 2.9% |
| 每股收益（稀释后） | $0.55 | $0.49 |
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LTHRPRX
| Q4 25 | $745.1M | $622.0M | ||
| Q3 25 | $782.6M | $609.3M | ||
| Q2 25 | $761.5M | $578.7M | ||
| Q1 25 | $706.0M | $568.2M | ||
| Q4 24 | $663.3M | $593.6M | ||
| Q3 24 | $693.2M | $564.7M | ||
| Q2 24 | $667.8M | $537.3M | ||
| Q1 24 | $596.7M | $568.0M |
净利润LTHRPRX
| Q4 25 | $123.0M | $214.2M | ||
| Q3 25 | $102.4M | $288.2M | ||
| Q2 25 | $72.1M | $30.2M | ||
| Q1 25 | $76.1M | $238.3M | ||
| Q4 24 | $37.2M | $208.2M | ||
| Q3 24 | $41.4M | $544.0M | ||
| Q2 24 | $52.8M | $102.0M | ||
| Q1 24 | $24.9M | $4.8M |
毛利率LTHRPRX
| Q4 25 | 49.1% | — | ||
| Q3 25 | 47.1% | — | ||
| Q2 25 | 47.0% | — | ||
| Q1 25 | 47.5% | — | ||
| Q4 24 | 48.2% | — | ||
| Q3 24 | 46.5% | — | ||
| Q2 24 | 46.8% | — | ||
| Q1 24 | 46.1% | — |
营业利润率LTHRPRX
| Q4 25 | 17.4% | 62.4% | ||
| Q3 25 | 17.3% | 70.1% | ||
| Q2 25 | 14.2% | 36.3% | ||
| Q1 25 | 15.2% | 94.0% | ||
| Q4 24 | 13.1% | 60.9% | ||
| Q3 24 | 13.5% | — | ||
| Q2 24 | 15.7% | 50.2% | ||
| Q1 24 | 12.1% | -13.0% |
净利率LTHRPRX
| Q4 25 | 16.5% | 34.4% | ||
| Q3 25 | 13.1% | 47.3% | ||
| Q2 25 | 9.5% | 5.2% | ||
| Q1 25 | 10.8% | 41.9% | ||
| Q4 24 | 5.6% | 35.1% | ||
| Q3 24 | 6.0% | 96.3% | ||
| Q2 24 | 7.9% | 19.0% | ||
| Q1 24 | 4.2% | 0.8% |
每股收益（稀释后）LTHRPRX
| Q4 25 | $0.55 | $0.49 | ||
| Q3 25 | $0.45 | $0.67 | ||
| Q2 25 | $0.32 | $0.07 | ||
| Q1 25 | $0.34 | $0.55 | ||
| Q4 24 | $0.17 | $0.46 | ||
| Q3 24 | $0.19 | $1.21 | ||
| Q2 24 | $0.26 | $0.23 | ||
| Q1 24 | $0.12 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | $1.5B | $9.0B |
| 股东权益账面价值 | $3.1B | $9.7B |
| 总资产 | $8.0B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资LTHRPRX
| Q4 25 | $204.8M | $618.7M | ||
| Q3 25 | $218.9M | $938.9M | ||
| Q2 25 | $175.5M | $631.9M | ||
| Q1 25 | $59.0M | $1.1B | ||
| Q4 24 | $10.9M | $929.0M | ||
| Q3 24 | $120.9M | $950.1M | ||
| Q2 24 | $34.5M | $1.8B | ||
| Q1 24 | $18.6M | $843.0M |
总债务LTHRPRX
| Q4 25 | $1.5B | $9.0B | ||
| Q3 25 | $1.5B | $8.9B | ||
| Q2 25 | $1.5B | $8.0B | ||
| Q1 25 | $1.5B | $7.6B | ||
| Q4 24 | $1.5B | $7.6B | ||
| Q3 24 | $1.7B | $7.6B | ||
| Q2 24 | $1.8B | $7.6B | ||
| Q1 24 | $2.0B | $6.1B |
股东权益LTHRPRX
| Q4 25 | $3.1B | $9.7B | ||
| Q3 25 | $3.0B | $9.6B | ||
| Q2 25 | $2.9B | $9.5B | ||
| Q1 25 | $2.7B | $9.8B | ||
| Q4 24 | $2.6B | $10.3B | ||
| Q3 24 | $2.6B | $10.3B | ||
| Q2 24 | $2.4B | $9.8B | ||
| Q1 24 | $2.3B | $9.9B |
总资产LTHRPRX
| Q4 25 | $8.0B | $19.6B | ||
| Q3 25 | $7.8B | $19.3B | ||
| Q2 25 | $7.6B | $18.3B | ||
| Q1 25 | $7.3B | $17.6B | ||
| Q4 24 | $7.2B | $18.2B | ||
| Q3 24 | $7.2B | $18.0B | ||
| Q2 24 | $7.1B | $17.7B | ||
| Q1 24 | $7.1B | $16.1B |
负债/权益比LTHRPRX
| Q4 25 | 0.48× | 0.92× | ||
| Q3 25 | 0.51× | 0.93× | ||
| Q2 25 | 0.53× | 0.84× | ||
| Q1 25 | 0.56× | 0.78× | ||
| Q4 24 | 0.59× | 0.74× | ||
| Q3 24 | 0.64× | 0.74× | ||
| Q2 24 | 0.78× | 0.78× | ||
| Q1 24 | 0.87× | 0.62× |
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 | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | — |
| 自由现金流率自由现金流/营收 | -8.7% | — |
| 资本支出强度资本支出/营收 | 40.9% | — |
| 现金转化率经营现金流/净利润 | 1.95× | 3.86× |
| 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
经营现金流LTHRPRX
| Q4 25 | $239.9M | $827.1M | ||
| Q3 25 | $251.1M | $702.6M | ||
| Q2 25 | $195.7M | $364.0M | ||
| Q1 25 | $183.9M | $596.1M | ||
| Q4 24 | $163.1M | $742.5M | ||
| Q3 24 | $151.1M | $703.6M | ||
| Q2 24 | $170.4M | $658.2M | ||
| Q1 24 | $90.4M | $664.6M |
自由现金流LTHRPRX
| Q4 25 | $-64.6M | — | ||
| Q3 25 | $28.6M | — | ||
| Q2 25 | $-26.3M | — | ||
| Q1 25 | $41.4M | — | ||
| Q4 24 | $26.8M | — | ||
| Q3 24 | $64.0M | — | ||
| Q2 24 | $26.1M | — | ||
| Q1 24 | $-66.4M | — |
自由现金流率LTHRPRX
| Q4 25 | -8.7% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | -3.5% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 9.2% | — | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | -11.1% | — |
资本支出强度LTHRPRX
| Q4 25 | 40.9% | — | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 20.2% | — | ||
| Q4 24 | 20.6% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 26.3% | — |
现金转化率LTHRPRX
| Q4 25 | 1.95× | 3.86× | ||
| Q3 25 | 2.45× | 2.44× | ||
| Q2 25 | 2.71× | 12.06× | ||
| Q1 25 | 2.41× | 2.50× | ||
| Q4 24 | 4.39× | 3.57× | ||
| Q3 24 | 3.65× | 1.29× | ||
| Q2 24 | 3.23× | 6.45× | ||
| Q1 24 | 3.63× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
