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Life Time Group Holdings, Inc.（LTH）与VinFast Auto Ltd.（VFS）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VinFast Auto Ltd.的1.1倍（$788.7M vs $718.6M），Life Time Group Holdings, Inc.净利率更高（11.2% vs -2.8%，领先14.0%）
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。
VinFast Auto Ltd.是越南跨国汽车企业，由越南最大私营综合企业集团之一Vingroup创立。Vingroup由越南知名企业家潘日旺创办，业务覆盖地产、零售、医疗、科技等多个领域，是越南本土头部企业集团。
LTH vs VFS — 直观对比
营收规模更大
LTH
是对方的1.1倍
$718.6M
净利率更高
LTH
高出14.0%
-2.8%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $788.7M | $718.6M |
| 净利润 | $88.1M | $-20.0M |
| 毛利率 | — | — |
| 营业利润率 | 17.1% | -96.1% |
| 净利率 | 11.2% | -2.8% |
| 营收同比 | 11.7% | — |
| 净利润同比 | 15.8% | — |
| 每股收益（稀释后） | $0.39 | — |
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LTHVFS
| Q1 26 | $788.7M | — | ||
| Q4 25 | $745.1M | — | ||
| Q3 25 | $782.6M | $718.6M | ||
| Q2 25 | $761.5M | $663.0M | ||
| Q1 25 | $706.0M | $656.5M | ||
| Q4 24 | $663.3M | — | ||
| Q3 24 | $693.2M | $511.6M | ||
| Q2 24 | $667.8M | — |
净利润LTHVFS
| Q1 26 | $88.1M | — | ||
| Q4 25 | $123.0M | — | ||
| Q3 25 | $102.4M | $-20.0M | ||
| Q2 25 | $72.1M | $-51.8M | ||
| Q1 25 | $76.1M | $-26.1M | ||
| Q4 24 | $37.2M | — | ||
| Q3 24 | $41.4M | $-10.4M | ||
| Q2 24 | $52.8M | — |
毛利率LTHVFS
| Q1 26 | — | — | ||
| 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% | — |
营业利润率LTHVFS
| Q1 26 | 17.1% | — | ||
| Q4 25 | 17.4% | — | ||
| Q3 25 | 17.3% | -96.1% | ||
| Q2 25 | 14.2% | -79.0% | ||
| Q1 25 | 15.2% | -74.0% | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 13.5% | -65.9% | ||
| Q2 24 | 15.7% | — |
净利率LTHVFS
| Q1 26 | 11.2% | — | ||
| Q4 25 | 16.5% | — | ||
| Q3 25 | 13.1% | -2.8% | ||
| Q2 25 | 9.5% | -7.8% | ||
| Q1 25 | 10.8% | -4.0% | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 6.0% | -2.0% | ||
| Q2 24 | 7.9% | — |
每股收益（稀释后）LTHVFS
| Q1 26 | $0.39 | — | ||
| Q4 25 | $0.55 | — | ||
| Q3 25 | $0.45 | — | ||
| Q2 25 | $0.32 | — | ||
| Q1 25 | $0.34 | — | ||
| Q4 24 | $0.17 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.26 | — |
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 | $120.0M | $8.8M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $3.2B | — |
| 总资产 | $8.1B | $183.2M |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资LTHVFS
| Q1 26 | $120.0M | — | ||
| Q4 25 | $204.8M | — | ||
| Q3 25 | $218.9M | $8.8M | ||
| Q2 25 | $175.5M | $650.0M | ||
| Q1 25 | $59.0M | $2.4M | ||
| Q4 24 | $10.9M | — | ||
| Q3 24 | $120.9M | $1.9M | ||
| Q2 24 | $34.5M | — |
总债务LTHVFS
| Q1 26 | $1.5B | — | ||
| 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 | — |
股东权益LTHVFS
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.9B | $-7.2B | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.4B | — |
总资产LTHVFS
| Q1 26 | $8.1B | — | ||
| Q4 25 | $8.0B | — | ||
| Q3 25 | $7.8B | $183.2M | ||
| Q2 25 | $7.6B | $7.2B | ||
| Q1 25 | $7.3B | $158.2M | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.2B | $151.8M | ||
| Q2 24 | $7.1B | — |
负债/权益比LTHVFS
| Q1 26 | 0.46× | — | ||
| 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× | — |
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 | $198.8M | — |
| 自由现金流经营现金流 - 资本支出 | $-61.2M | — |
| 自由现金流率自由现金流/营收 | -7.8% | — |
| 资本支出强度资本支出/营收 | 26.0% | — |
| 现金转化率经营现金流/净利润 | 2.26× | — |
| 过去12个月自由现金流最近4个季度 | $-123.6M | — |
8季度趋势，按日历期对齐
经营现金流LTHVFS
| Q1 26 | $198.8M | — | ||
| Q4 25 | $239.9M | — | ||
| Q3 25 | $251.1M | — | ||
| Q2 25 | $195.7M | — | ||
| Q1 25 | $183.9M | — | ||
| Q4 24 | $163.1M | — | ||
| Q3 24 | $151.1M | — | ||
| Q2 24 | $170.4M | — |
自由现金流LTHVFS
| Q1 26 | $-61.2M | — | ||
| 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 | — |
自由现金流率LTHVFS
| Q1 26 | -7.8% | — | ||
| 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% | — |
资本支出强度LTHVFS
| Q1 26 | 26.0% | — | ||
| 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% | — |
现金转化率LTHVFS
| Q1 26 | 2.26× | — | ||
| 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× | — |
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
| Center revenue | $767.6M | 97% |
| Other revenue | $21.1M | 3% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
