Life Time Group Holdings Inc. (LTH) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.43	$0.48	+11.6%	—	$866M	—
Q1 26	$0.38	$0.42	+10.5%	—	$788.7M	—
Q4 25	$0.57	$0.51	-10.5%	—	$745.1M	—
Q2 25	$0.36	$0.37	+2.8%	—	$761.5M	—
Q1 25	$0.28	$0.39	+39.3%	—	$706M	—
Q4 24	$0.21	$0.27	+28.6%	—	$663.3M	—
Q3 24	$0.2	$0.19	-5.0%	—	$693.2M	—
Q2 24	$0.16	$0.25	+56.3%	—	$667.8M	—
Q1 24	$0.15	$0.15	0.0%	—	$596.7M	—
Q4 23	$0.14	$0.19	+35.7%	—	$558.8M	—
Q3 23	$0.16	$0.13	-18.8%	—	$585.2M	—
Q2 23	$0.1	$0.19	+90.0%	—	$561.7M	—
Q1 23	$0.06	$0.11	+83.3%	—	$510.9M	—
Q4 22	$0.06	$0.09	+50.0%	—	$472.7M	—
Q3 22	-$0.08	-$0.06	+25.0%	—	$496.4M	—
Q2 22	-$0.11	-$0.04	+63.6%	—	$461.3M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.71	—	—	$3B	—
FY24	—	$0.77	—	—	$2.6B	—
FY23	—	$0.39	—	—	$2.2B	—
FY22	—	-$0.01	—	—	$1.8B	—
FY21

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.7B	$1.9B	$948.4M	$1.3B	$1.8B	$2.2B	$2.6B	$3B
YoY change	—	+8.64%	-50.1%	+39%	+38.3%	+21.6%	+18.2%	+14.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.7B	1.9B	948.4M	1.3B	1.8B	2.2B	2.6B	3B
Cost of revenue	950.6M	1B	660M	844.1M	1.1B	1.2B	1.4B	1.6B
Gross profit	798.7M	859.2M	288.3M	474M	754.3M	1B	1.2B	1.4B
Gross margin	45.7%	45.2%	30.4%	36%	41.4%	46.6%	46.9%	47.6%
Research & development	—	—	—	—	—	—	—	—
Selling, general & administrative	321.6M	393.6M	336.2M	690.4M	459.2M	476.3M	526M	583.8M
Operating expenses	390.8M	470.5M	399.8M	734M	414.8M	562.6M	596.4M	649M
Operating income	196.5M	168.3M	-359.1M	-495.2M	110.6M	225.2M	357.5M	481.3M
Operating margin	11.2%	8.86%	-37.9%	-37.6%	6.07%	10.2%	13.6%	16.1%
Non-operating income, net	814K	805K	-187K	-9K	300K	377K	-620K	94.5M
Pretax income	61.1M	40.1M	-487.7M	-719.7M	-2.6M	94.8M	208.8M	493.5M
Income tax	20.2M	10.1M	-127.5M	-140.3M	-825K	18.7M	52.5M	119.8M
Net income	40.9M	30M	-360.2M	-579.4M	-1.8M	76.1M	156.2M	373.7M
Net margin	2.34%	1.58%	-38%	-44%	-0.1%	3.43%	5.96%	12.5%
EBITDA	407.9M	388.7M	-111.6M	-260.1M	339.5M	469.6M	632.2M	777.6M
EPS	0.21	0.22	-2.48	-3.73	-0.01	0.39	0.77	1.71
Diluted EPS	0.21	0.22	-2.48	-3.73	-0.01	0.37	0.74	1.66

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	585.2M	558.8M	596.7M	667.8M	693.2M	663.3M	706M	761.5M	782.6M	745.1M	788.7M	866M
Cost of revenue	319.4M	288.3M	321.9M	355.5M	371.1M	343.9M	371M	403.9M	414.3M	379.4M	406.7M	453.7M
Gross profit	265.8M	270.6M	274.8M	312.3M	322.1M	319.4M	335.1M	357.5M	368.3M	365.7M	382M	412.3M
Gross margin	45.4%	48.4%	46.1%	46.8%	46.5%	48.2%	47.5%	47%	47.1%	49.1%	48.4%	47.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	120.9M	126.1M	121.1M	128.2M	136.3M	140.4M	139M	144.9M	147.4M	152.6M	149.5M	160.4M
Operating expenses	155.4M	147.6M	136.9M	137.8M	159M	162.8M	156.5M	176.1M	157.6M	158.9M	166.5M	179.2M
Operating income	46.7M	58.7M	72.1M	104.8M	93.7M	87M	107.7M	108.4M	135.6M	129.5M	134.8M	149.7M
Operating margin	7.99%	10.5%	12.1%	15.7%	13.5%	13.1%	15.2%	14.2%	17.3%	17.4%	17.1%	17.3%
Non-operating income, net	56K	90K	177K	-464K	-116K	-217K	-16K	12.9M	22.1M	59.4M	126K	2.2M
Pretax income	13.7M	24.2M	34.8M	66.6M	57.6M	49.7M	82.5M	99.6M	139.3M	172M	119.3M	134.5M
Income tax	5.8M	527K	9.9M	13.8M	16.2M	12.6M	6.4M	27.5M	36.9M	49M	31.2M	33.2M
Net income	7.9M	23.7M	24.9M	52.8M	41.4M	37.2M	76.1M	72.1M	102.4M	123M	88.1M	101.4M
Net margin	1.35%	4.24%	4.18%	7.91%	5.97%	5.6%	10.8%	9.47%	13.1%	16.5%	11.2%	11.7%
EBITDA	110.4M	122.7M	138M	174.5M	163.1M	156.6M	178.6M	181.4M	210.7M	206.9M	215.5M	233.1M
EPS	0.04	—	0.13	0.27	0.2	—	0.36	0.33	0.47	0.56	0.4	0.46
Diluted EPS	0.04	—	0.12	0.26	0.19	—	0.34	0.32	0.45	0.54	0.39	0.45

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	—	2.7B	—	3B	4.5B	5.8B	8.8B
Enterprise value	—	—	—	6.4B	—	7.2B	8.4B	9.7B	13B
Shares outstanding	191.5M	139.4M	145.1M	155.5M	193.6M	195.7M	201.6M	218M	218M

Valuation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	—	—	—	38.8	28.5	15.5	21.6
P/S	—	—	—	2.03	—	1.33	1.7	1.93	2.78
P/B	—	—	—	1.28	—	1.31	1.71	1.85	2.68
EV/EBITDA	—	—	—	-24.6	—	15.3	13.3	12.5	15.3
EV/Sales	—	—	—	4.86	—	3.24	3.22	3.25	4.08
Earnings yield	—	—	—	—	—	2.58%	3.5%	6.45%	4.62%
FCF yield	—	—	—	-13%	—	-7.83%	1.13%	-0.36%	-3.9%
PEG	—	—	—	—	—	—	—	—	0.55

Profitability

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	45.7%	45.2%	30.4%	36%	41.4%	46.6%	46.9%	47.6%	47.6%
Operating margin	11.2%	8.86%	-37.9%	-37.6%	6.07%	10.2%	13.6%	16.1%	17.1%
Net margin	2.34%	1.58%	-38%	-44%	-0.1%	3.43%	5.96%	12.5%	13%
ROE	—	1.72%	-24.3%	-27.7%	-0.08%	3.37%	5.99%	12%	13.4%
ROA	—	0.49%	-5.99%	-9.26%	-0.03%	1.08%	2.18%	4.67%	4.17%
ROIC	—	2.3%	-6.52%	-8.51%	1.8%	2.79%	4.06%	5.15%	5.49%
Return on tangible assets	—	0.89%	-11.2%	-16.8%	-0.05%	1.8%	3.6%	7.22%	7.51%

Financial health

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	—	0.54	0.37	0.32	0.29	0.31	0.33	0.63	0.66
Quick ratio	—	0.43	0.29	0.22	0.19	0.22	0.21	0.52	0.56
Debt / equity	—	2.16	2.74	1.8	1.9	1.89	1.53	1.33	1.29
Debt / assets	—	0.61	0.68	0.6	0.61	0.61	0.56	0.52	0.51
Net debt / EBITDA	—	9.59	-36.1	-14.3	11.8	9.01	6.29	5.08	4.68
Interest coverage	1.44	1.3	-2.8	-2.21	0.97	—	—	—	—
Effective tax rate	33%	25.1%	0%	0%	0%	19.8%	25.2%	24.3%	26.6%

Per share

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9.14	13.6	6.53	8.48	9.42	11.3	13	13.7	14.4
EPS (basic)	0.21	0.22	-2.48	-3.73	-0.01	0.39	0.77	1.71	1.71
EPS (diluted)	0.21	0.22	-2.48	-3.73	-0.01	0.37	0.74	1.66	1.83
Book value per share	—	12.6	10.2	13.5	11	11.5	12.9	14.3	14.8
FCF per share	-1.4	-1.9	-2.49	-2.24	-2.02	-1.18	0.25	-0.1	-0.66
Cash per share	—	0.34	0.23	0.2	0.13	0.15	0.05	0.94	1.02
Capex per share	0	1.4	1.78	0.48	1.82	0.62	1.11	4.09	4.62

Capital allocation

Metric	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	10.3%	27.3%	5.61%	19.3%	5.5%	8.51%	29.8%	33%
Capex / operating cash flow	0%	59.5%	-218.1%	-59.3%	121.2%	29.1%	39.4%	102.4%	116.8%
Payout ratio	—	—	—	—	—	—	—	—	0%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	48M	33.2M	31.6M	25.5M	30M	10.9M	204.8M
Receivables	17.3M	4.8M	6.5M	13.4M	23.9M	25.1M	24.1M
Inventory	44.3M	36.3M	41M	45.7M	52.8M	60.3M	67.6M
Total current assets	210.8M	165.7M	131.5M	131M	174.5M	171M	385.8M
Property, plant & equipment	2.3B	2.4B	2.7B	3.1B	3.3B	3.3B	4B
Goodwill & intangibles	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B
Total assets	6.2B	6B	6.3B	6.6B	7B	7.2B	8B
Accounts payable	54M	54.1M	71.3M	74M	81.3M	87.8M	90.2M
Short-term debt	59M	190.3M	71.2M	67.1M	132.6M	93M	113.2M
Total current liabilities	391.6M	443.1M	406.3M	457.4M	557.2M	520.1M	609.5M
Long-term debt	3.7B	3.9B	3.7B	4B	4.1B	3.9B	4B
Total liabilities	4.4B	4.5B	4.2B	4.5B	4.8B	4.5B	4.9B
Shareholders' equity	1.8B	1.5B	2.1B	2.1B	2.3B	2.6B	3.1B
Total debt	3.8B	4.1B	3.8B	4B	4.3B	4B	4.2B
Net debt	3.7B	4B	3.7B	4B	4.2B	4B	3.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	25.4M	30M	18.6M	34.5M	120.9M	10.9M	59M	175.5M	218.9M	204.8M	120M	223.6M
Receivables	19.2M	23.9M	22.9M	25.2M	26.2M	25.1M	24.7M	25.9M	24.4M	24.1M	25.5M	26.3M
Inventory	48.6M	52.8M	53.1M	54.5M	59.2M	60.3M	62.5M	66.2M	70.7M	67.6M	67M	66.7M
Total current assets	153.3M	174.5M	191.5M	196.1M	269.2M	171M	223.8M	368M	410.3M	385.8M	323M	436.1M
Property, plant & equipment	5.3B	3.3B	5.4B	5.4B	5.4B	3.3B	5.6B	5.7B	5.9B	4B	6.3B	6.4B
Goodwill & intangibles	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B	2.8B
Total assets	6.9B	7B	7.1B	7.1B	7.2B	7.2B	7.3B	7.6B	7.8B	8B	8.1B	8.4B
Accounts payable	76.1M	81.3M	69.1M	78.2M	70.6M	87.8M	84.1M	90.4M	91.8M	90.2M	92.2M	97.1M
Short-term debt	120.4M	132.6M	84M	74.8M	79.5M	93M	95.9M	98.2M	102.2M	113.2M	114.5M	127.3M
Total current liabilities	523.2M	557.2M	449.5M	441.6M	456.7M	520.1M	522.6M	568.7M	613.4M	609.5M	608.7M	663.6M
Long-term debt	4.1B	4.1B	4.2B	4.2B	4B	3.9B	3.9B	4B	4B	4B	4B	4.1B
Total liabilities	4.7B	4.8B	4.8B	4.8B	4.6B	4.5B	4.6B	4.7B	4.8B	4.9B	4.9B	5.1B
Shareholders' equity	2.2B	2.3B	2.3B	2.4B	2.6B	2.6B	2.7B	2.9B	3B	3.1B	3.2B	3.3B
Total debt	4.2B	4.3B	4.3B	4.3B	4.1B	4B	4B	4.1B	4.1B	4.2B	4.2B	4.3B
Net debt	4.2B	4.2B	4.3B	4.2B	4B	4B	4B	3.9B	3.9B	3.9B	4B	4.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	40.9M	30M	-360.2M	-579.4M	-1.8M	76.1M	156.2M	373.7M
Depreciation & amortization	211.5M	220.5M	247.7M	235.1M	228.9M	244.4M	274.7M	296.3M
Stock-based compensation	100K	24.2M	0	334.3M	37.3M	50.1M	51M	51.8M
Change in working capital	6.4M	11.9M	45.6M	-3.5M	-5.2M	-9.8M	10.6M	3.6M
Operating cash flow	306.1M	327.5M	-118.6M	-124.7M	290.3M	418.1M	565.3M	870.5M
Capital expenditure	0	194.8M	258.6M	74M	351.9M	121.8M	223M	-891.5M
Investing cash flow	-9M	146.2M	259.5M	59M	347.6M	119.7M	231.8M	-913.2M
Dividends paid	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—
Financing cash flow	338.7M	244.5M	6.4M	194.4M	33M	96.3M	-313.1M	-27.4M
Net change in cash	635.8M	718.1M	147.3M	128.7M	671M	634.2M	483.9M	-70M
Free cash flow	-268.6M	-265.3M	-361.6M	-348.9M	-390.2M	-230.9M	50.6M	-21M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	7.9M	23.7M	24.9M	52.8M	41.4M	37.2M	76.1M	72.1M	102.4M	123M	88.1M	101.4M
Depreciation & amortization	63.6M	64.3M	65.9M	69.7M	69.5M	69.6M	70.9M	73M	75.1M	77.3M	80.7M	83.4M
Stock-based compensation	14.9M	13.1M	7.6M	11.1M	11.8M	20.6M	11.9M	16.4M	16.9M	6.6M	10.5M	15.4M
Change in working capital	-18.7M	8.5M	-5M	3.2M	-13.4M	25.7M	2M	-12.4M	-12.3M	26.3M	7.6M	-624K
Operating cash flow	89M	121.5M	109M	154.1M	132.1M	170.1M	166.9M	195.7M	251.1M	239.9M	198.8M	209.6M
Capital expenditure	48M	0	0	149M	74.3M	-293K	—	-222M	-222.5M	-304.5M	-260M	-263.3M
Investing cash flow	48.8M	3.2M	-1.8M	148.6M	79.3M	5.7M	839K	-227.8M	-239.3M	-304.4M	-260.1M	-261.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	—	—	-10.7M	-62.7M
Financing cash flow	22.5M	40.1M	74.5M	-164.5M	-198.1M	-149.4M	-20.5M	4M	-4.1M	-6.8M	-27.8M	-75.1M
Net change in cash	160.3M	164.8M	181.7M	138.2M	13.3M	26.4M	147.2M	-28M	7.7M	-71.4M	-89.1M	-126.8M
Free cash flow	-78.2M	-36M	-66.4M	26.1M	64M	26.8M	41.4M	-26.3M	28.6M	-64.6M	-61.2M	-53.7M

Life Time Group Holdings Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement