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Life Time Group Holdings, Inc.（LTH）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是Life Time Group Holdings, Inc.的1.4倍（$1.0B vs $745.1M），Life Time Group Holdings, Inc.净利率更高（16.5% vs 7.6%，领先8.9%），Life Time Group Holdings, Inc.同比增速更快（12.3% vs 8.6%），思佳讯自由现金流更多（$339.0M vs $-64.6M），过去两年Life Time Group Holdings, Inc.的营收复合增速更高（11.7% vs -0.5%）
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。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
LTH vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.4倍
$745.1M
营收增速更快
LTH
高出3.7%
8.6%
净利率更高
LTH
高出8.9%
7.6%
自由现金流更多
SWKS
多$403.6M
$-64.6M
两年增速更快
LTH
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $745.1M | $1.0B |
| 净利润 | $123.0M | $79.2M |
| 毛利率 | 49.1% | 41.3% |
| 营业利润率 | 17.4% | 10.0% |
| 净利率 | 16.5% | 7.6% |
| 营收同比 | 12.3% | 8.6% |
| 净利润同比 | 231.0% | 15.3% |
| 每股收益（稀释后） | $0.55 | $0.53 |
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LTHSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $745.1M | $1.1B | ||
| Q3 25 | $782.6M | — | ||
| Q2 25 | $761.5M | $965.0M | ||
| Q1 25 | $706.0M | $953.2M | ||
| Q4 24 | $663.3M | $1.1B | ||
| Q3 24 | $693.2M | $1.0B | ||
| Q2 24 | $667.8M | $905.5M |
净利润LTHSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $123.0M | $141.4M | ||
| Q3 25 | $102.4M | — | ||
| Q2 25 | $72.1M | $105.0M | ||
| Q1 25 | $76.1M | $68.7M | ||
| Q4 24 | $37.2M | $162.0M | ||
| Q3 24 | $41.4M | $60.5M | ||
| Q2 24 | $52.8M | $120.9M |
毛利率LTHSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 49.1% | 40.7% | ||
| Q3 25 | 47.1% | — | ||
| Q2 25 | 47.0% | 41.6% | ||
| Q1 25 | 47.5% | 41.1% | ||
| Q4 24 | 48.2% | 41.4% | ||
| Q3 24 | 46.5% | 41.9% | ||
| Q2 24 | 46.8% | 40.2% |
营业利润率LTHSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 17.4% | 10.1% | ||
| Q3 25 | 17.3% | — | ||
| Q2 25 | 14.2% | 11.5% | ||
| Q1 25 | 15.2% | 10.2% | ||
| Q4 24 | 13.1% | 16.9% | ||
| Q3 24 | 13.5% | 5.8% | ||
| Q2 24 | 15.7% | 14.4% |
净利率LTHSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 16.5% | 12.9% | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | 9.5% | 10.9% | ||
| Q1 25 | 10.8% | 7.2% | ||
| Q4 24 | 5.6% | 15.2% | ||
| Q3 24 | 6.0% | 5.9% | ||
| Q2 24 | 7.9% | 13.4% |
每股收益（稀释后）LTHSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $0.55 | $0.95 | ||
| Q3 25 | $0.45 | — | ||
| Q2 25 | $0.32 | $0.70 | ||
| Q1 25 | $0.34 | $0.43 | ||
| Q4 24 | $0.17 | $1.00 | ||
| Q3 24 | $0.19 | $0.36 | ||
| Q2 24 | $0.26 | $0.75 |
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 | $1.6B |
| 总债务越低越好 | $1.5B | $496.6M |
| 股东权益账面价值 | $3.1B | $5.8B |
| 总资产 | $8.0B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.48× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资LTHSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $204.8M | $1.4B | ||
| Q3 25 | $218.9M | — | ||
| Q2 25 | $175.5M | $1.3B | ||
| Q1 25 | $59.0M | $1.5B | ||
| Q4 24 | $10.9M | $1.7B | ||
| Q3 24 | $120.9M | $1.6B | ||
| Q2 24 | $34.5M | $1.3B |
总债务LTHSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $1.5B | $496.4M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | $496.2M | ||
| Q1 25 | $1.5B | $995.1M | ||
| Q4 24 | $1.5B | $994.7M | ||
| Q3 24 | $1.7B | $994.3M | ||
| Q2 24 | $1.8B | $994.0M |
股东权益LTHSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $3.1B | $5.8B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.9B | $5.7B | ||
| Q1 25 | $2.7B | $5.9B | ||
| Q4 24 | $2.6B | $6.4B | ||
| Q3 24 | $2.6B | $6.3B | ||
| Q2 24 | $2.4B | $6.3B |
总资产LTHSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $8.0B | $7.9B | ||
| Q3 25 | $7.8B | — | ||
| Q2 25 | $7.6B | $7.7B | ||
| Q1 25 | $7.3B | $7.9B | ||
| Q4 24 | $7.2B | $8.3B | ||
| Q3 24 | $7.2B | $8.3B | ||
| Q2 24 | $7.1B | $8.2B |
负债/权益比LTHSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 0.48× | 0.09× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.53× | 0.09× | ||
| Q1 25 | 0.56× | 0.17× | ||
| Q4 24 | 0.59× | 0.16× | ||
| Q3 24 | 0.64× | 0.16× | ||
| Q2 24 | 0.78× | 0.16× |
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 | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $-64.6M | $339.0M |
| 自由现金流率自由现金流/营收 | -8.7% | 32.7% |
| 资本支出强度资本支出/营收 | 40.9% | 5.5% |
| 现金转化率经营现金流/净利润 | 1.95× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $-21.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流LTHSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $239.9M | $200.0M | ||
| Q3 25 | $251.1M | — | ||
| Q2 25 | $195.7M | $314.2M | ||
| Q1 25 | $183.9M | $409.4M | ||
| Q4 24 | $163.1M | $377.2M | ||
| Q3 24 | $151.1M | $476.1M | ||
| Q2 24 | $170.4M | $273.4M |
自由现金流LTHSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $-64.6M | $144.0M | ||
| Q3 25 | $28.6M | — | ||
| Q2 25 | $-26.3M | $252.7M | ||
| Q1 25 | $41.4M | $370.9M | ||
| Q4 24 | $26.8M | $338.2M | ||
| Q3 24 | $64.0M | $393.3M | ||
| Q2 24 | $26.1M | $249.0M |
自由现金流率LTHSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | -8.7% | 13.1% | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | -3.5% | 26.2% | ||
| Q1 25 | 5.9% | 38.9% | ||
| Q4 24 | 4.0% | 31.7% | ||
| Q3 24 | 9.2% | 38.4% | ||
| Q2 24 | 3.9% | 27.5% |
资本支出强度LTHSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 40.9% | 5.1% | ||
| Q3 25 | 28.4% | — | ||
| Q2 25 | 29.2% | 6.4% | ||
| Q1 25 | 20.2% | 4.0% | ||
| Q4 24 | 20.6% | 3.6% | ||
| Q3 24 | 12.6% | 8.1% | ||
| Q2 24 | 21.6% | 2.7% |
现金转化率LTHSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 1.95× | 1.41× | ||
| Q3 25 | 2.45× | — | ||
| Q2 25 | 2.71× | 2.99× | ||
| Q1 25 | 2.41× | 5.96× | ||
| Q4 24 | 4.39× | 2.33× | ||
| Q3 24 | 3.65× | 7.87× | ||
| Q2 24 | 3.23× | 2.26× |
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% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
