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Life Time Group Holdings, Inc. (LTH) stock

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NYSE: LTH NYSE Leisure Facilities Next results ~January 19, 2027

B Fundamentals grade

Life Time Group Holdings, Inc. is a US-listed company in the leisure facilities industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$18

Valuation models combined (2)

Base case. Range ~$13–$28. Weighted average of 2 models (growth cash-flow model, forward price-to-earnings vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Life Time Group Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Life Time Group Holdings files

10-Q filed October 29: Life Time

Model value −1.9%

Revenue for the twelve months to September 2026 was $3.29bn, up 13.0% on a year earlier, about the same pace as a quarter earlier. That growth ranks 3 of 11 among the leisure facilities companies we cover. Free-cash-flow margin fell to -6.3% from 2.4% a year earlier. Operating margin widened to 17.4% from 15.1%. Our model value falls from $15.56 to $15.26 a share, against a share price of $45.49.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 30: Life Time

Life Time Group Holdings posted revenue of $3.29bn for the twelve months to June 2026, up 13.0% on the prior year. That pace of growth was little changed from the quarter before and places the company 2nd of 8 among the leisure facilities firms we track. Profitability told a mixed story: free-cash-flow margin slipped to -6.3%, down from 2.4% a year earlier, while operating margin widened to 17.4% from 15.1%. Taken together, these shifts lift our model value to $15.56 a share, up from $13.52. The shares currently trade at $43.14, well above that estimate, leaving a sizeable gap between our valuation and the market price.

10-Q on SEC EDGAR

Where Life Time stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.18bn, up 12.7% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin fell to -4.7% from 3.8% a year earlier. Operating margin widened to 17.3% from 14.1%. The diluted share count is up 2.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 6 financial-health checks. Our revenue-to-maturity model value is $13.52 a share, against a share price of $43.98.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 19, 2027 (estimated)

Life Time Group Holdings, Inc.'s trailing-twelve-month revenue grew 13.0% year on year, with a free-cash-flow margin of -6.3%. Where it stands out: net margin of 12.7% ranks 2 of 17 leisure facilities companies we cover.

Current signal Operating margin expanding: TTM operating margin reached 17.4%, up 2.3pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Burning cash. Free cash flow was -6.3% of revenue over the last 12 months.
  • Insiders selling. 16 insiders sold $2,349M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Weak cash conversion. Free cash flow was -49% of net income over the last 12 months.
  • Short interest rising. Shares sold short rose 27% in a month to 8.2% of tradable shares.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.51 against an average estimate of $0.45: beat by 12.8%
Revenue
$894m, up 14.2% on a year earlier
Share reaction
+4.5% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
total revenue $3,350m to $3,375m (Year Ending December 31, 2026); rent $378m to $384m (Year Ending December 31, 2026)
Next report
October 29, 2026; average EPS estimate $0.40

Life Time Group Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.8%
  • 1 week-0.1%
  • 1 month+6.9%
  • This year+64.9%
  • 1 year+77.2%
  • 5 years+149.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.3B
Operating margin
17.4%
Net margin
12.7%
EPS (TTM, diluted)
$1.84

Growth

Revenue growth
+13.0%
Change in growth rate
+0.3 pts
Share count change
+1.6%

Cash

Free cash flow (TTM)
-$206M
FCF margin
-6.3%
Stock pay % of revenue
1.5%

Earnings

Last results
October 29, 2026
Next results (est.)
January 19, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Announcement
  4. Announcement
  5. Announcement
  6. Announcement
  7. Announcement
  8. Announcement
  9. Product
  10. Announcement
  11. Announcement
  12. Results
  13. Insider trade
  14. Leadership
  15. Insider trade
  16. Insider trade
  17. Insider trade
  18. Agreement
  19. Insider trade
  20. Insider trade
  21. Insider trade
  22. Insider trade
  23. Insider trade
  24. Insider trade
  25. Insider trade
  26. Results
  27. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Life Time Group Holdings, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Life Time Group Holdings, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.93 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$13 ~$7.8–$16 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$28 ~$23–$47 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$5.0 ~$3.0–$8.3 Left out: out of range vs price (0.11x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity below long-run growth
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$8.3 ~$5.2–$12 Left out: out of range vs price (0.19x)
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$18 ~$13–$28 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Life Time Group Holdings, Inc. with Leisure Facilities in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$17.21$11.96$15.08$22.12$26.58$43.82
Market value$2.7bn$2.3bn$3.1bn$4.7bn$6.0bn$10.0bn
+ Net debt (− = net cash)$1.8bn$1.8bn$1.9bn$1.5bn$1.3bn$1.2bn
Enterprise value$4.5bn$4.1bn$5.0bn$6.2bn$7.3bn$11.2bn
Multiples
Price / sales 2.0x1.3x1.4x1.8x2.0x3.0x
Price / earnings ——40.4x29.9x16.0x23.8x
Price / free cash flow ———92.3x——
EV / EBITDA —12.2x10.7x9.8x9.4x12.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

2 /100

Weak moat

How hard Life Time Group Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.5% of total assets over 6 years.

  • Durability 3 / 20

    Operating margin has been a median 11.5%; its worst year was -19.9%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 6 years, at a median -10.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (7 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.75 +21% $3.4bn +13%
Next $2.03 +16% $3.8bn +12%

Next year's EPS estimate has moved +4.0% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.0% on 90 days ago. In the last 30 days, 6 analysts raised Life Time Group Holdings, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Life Time Group Holdings, Inc., last 90 days
$1.60 $1.70 $1.80 $1.90 $2.00 $2.10 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.70 Current fiscal year, 60 days ago: $1.75 Current fiscal year, 30 days ago: $1.75 Current fiscal year, 7 days ago: $1.75 Current fiscal year, Now: $1.75 $1.75 Next fiscal year, 90 days ago: $1.95 Next fiscal year, 60 days ago: $2.04 Next fiscal year, 30 days ago: $2.04 Next fiscal year, 7 days ago: $2.04 Next fiscal year, Now: $2.03 $2.03

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.70$1.95
60 days ago $1.75$2.04
30 days ago $1.75$2.04
7 days ago $1.75$2.04
Now $1.75$2.03

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.45 $0.51 +12.8%
Jun 2026 $0.43 $0.48 +11.0%
Mar 2026 $0.38 $0.42 +9.9%
Dec 2025 $0.33 $0.34 +1.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 30, 2026
  • Total revenue Year Ending December 31, 2026 $3,350m to $3,375m Raised
    “Total revenue $3,350 - $3,375 $2,995.3 12.3% $3,320 - $3,350” source
  • Rent Year Ending December 31, 2026 $378m to $384m Narrowed
    “Rent $378 - $384 $339.2 12.3% $378 - $386” source
  • Net Income Year Ending December 31, 2026 $358m to $363m GAAP Raised
    “Net Income $358 - $363 $373.7 (3.5)% $340 - $345” source
  • Adjusted net income Year Ending December 31, 2026 $394m to $402m Non-GAAP Raised
    “Adjusted net income $394 - $402 $325.5 22.3% $378 - $386” source
  • Adjusted EBITDA Year Ending December 31, 2026 $940m to $955m Non-GAAP Raised
    “Adjusted EBITDA $940 - $955 $825.2 14.8% $925 - $940” source
  • Total sale-leaseback transactions (full year) fiscal year 2026 about $400m Maintained
    “Complete approximately $200 million in additional sale-leaseback transactions during the second half of fiscal year 2026 for a total of $400 million during the fiscal year.” source
Show 12 more items
  • Interest expense, net of interest income fiscal 2026 $59m to $63m Maintained
    “Interest expense, net of interest income, of approximately $59 million to $63 million, and net of $28 million to $30 million of capitalized interest expense related to construction in progress.” source
  • Capitalized interest expense related to construction in progress fiscal 2026 $28m to $30m Maintained
    “Interest expense, net of interest income, of approximately $59 million to $63 million, and net of $28 million to $30 million of capitalized interest expense related to construction in progress.” source
  • Net debt to Adjusted EBITDA leverage ratio fiscal 2026 about 2 Maintained
    “Manage our net debt to Adjusted EBITDA leverage ratio to maintain at or below 2.00 times.” source
  • Comparable center revenue growth fiscal 2026 7.9% growth to 8.3% growth Raised
    “Comparable center revenue growth of 7.9% to 8.3%, which includes our ramping and mature centers, increased from 6.9% to 7.5%.” source
  • New club openings fiscal 2026 about 14 Narrowed
    “Open 14 new clubs, tightened from 12 to 14, most of which will be large-format, ground-up construction clubs.” source
  • Maintenance capital expenditures fiscal 2026 $140m to $150m
    “Maintenance capital expenditures of $140 million to $150 million, modernization and technology capital expenditures of $140 million to $150 million, increased from $130 million to $140 million as we accelerate the deployment of our CTR and Hybrid XT group training classes, and growth capital expenditures of $885 million to $910 million, tightened from $875 million to $915 million.” source
  • Growth capital expenditures fiscal 2026 $885m to $910m Narrowed
    “Maintenance capital expenditures of $140 million to $150 million, modernization and technology capital expenditures of $140 million to $150 million, increased from $130 million to $140 million as we accelerate the deployment of our CTR and Hybrid XT group training classes, and growth capital expenditures of $885 million to $910 million, tightened from $875 million to $915 million.” source
  • Non-cash rent expense fiscal 2026 $32m to $35m Raised
    “Rent to include non-cash rent expense of $32 million to $35 million, increased from $31 million to $34 million.” source
  • Cash income tax expense fiscal 2026 $103m to $105m Raised
    “Cash income tax expense of $103 million to $105 million, increased from $80 million to $83 million due to taxable gains on sale-leaseback transactions closed in the second quarter and higher estimated earnings before tax for the full year.” source
  • Provision for income tax rate estimate fiscal 2026 about 27% Lowered
    “Provision for income tax rate estimate of 27%, decreased from 28%.” source
  • Year-end weighted-average diluted common shares outstanding fiscal 2026 227m to 229m Lowered
    “Year-end weighted-average diluted common shares outstanding of approximately 227 million to 229 million, not including any incremental impact that may occur as a result of our $500 million share buyback program, decreased from 228 million to 230 million.” source
  • Additional sale-leaseback transactions (second half) second half of fiscal year 2026 about $200m Maintained
    “Complete approximately $200 million in additional sale-leaseback transactions during the second half of fiscal year 2026 for a total of $400 million during the fiscal year.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

15 analysts, Oct 2026
Buy15100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202631215
  2. Sep 202621214
  3. Aug 202621214
  4. Jul 2026210113

Counts of recommendations published by analysts covering Life Time Group Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.2%
of tradable shares
Days to cover
4.08
at average volume
Short interest, 1 month
+27%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
8.7%
of shares
Employees
11,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +77.2%

$24.73 on October 31, 2025 to $43.82

ThenNowEffect
Revenue (last 12 months) $2.8bn $3.2bn +12.7%
Net margin 8.0% 13.0% +62.4%
P/E multiple 24.1x 24.0x −0.7%
Share count 221m 227m −2.5%

Biggest factor: net margin.

Last 3 years +241.8%

$12.82 on November 3, 2023 to $43.82

ThenNowEffect
Revenue (last 12 months) $2.0bn $3.2bn +55.9%
Net margin 4.1% 13.0% +221.0%
P/E multiple 30.8x 24.0x −22.1%
Share count 199m 227m −12.3%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 20222023202420252026 to date
Return
LTH−31%+26%+47%+20%+65%
Industry peers (median)−16%−1%+5%−21%−49%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
LTH42%33%67%42%46%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
LTH−50%−49%−21%−26%−17%
S&P 500−25%−10%−8%−19%−9%

Worst fall since October 7, 2021: 58% from November 26, 2021 to November 4, 2022. Getting back needed a 140% gain, reached on August 2, 2024, 637 days after the low.

Price behaviour

52-week range
$24.66 – $45.73
From 52-week high
−4.2%
vs 50-day average
+5.2%
vs 200-day average
+24.1%
Volatility (1 year)
38%
Beta vs S&P 500
0.72

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±7.5%
After a week
5 up, 6 down
typical move ±8.8%
After a month
5 up, 6 down
typical move ±9.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +4.5% −2.1% — —
July 30, 2026 −1.3% +2.4% −4.9% −4.8%
May 5, 2026 +27.8% +2.2% +27.9% +23.9%
February 24, 2026 −6.8% +1.6% −7.9% −7.0%
January 22, 2026 +6.4% +0.6% +5.1% +1.8%
November 4, 2025 +2.1% −0.8% +3.3% +6.8%
August 5, 2025 −5.6% +0.3% −3.5% +0.8%
May 8, 2025 −13.7% +0.6% −12.6% −15.0%
February 27, 2025 −3.6% −0.1% −4.7% −3.5%
January 16, 2025 +10.4% +0.8% +14.3% +30.3%
October 24, 2024 −7.1% +0.2% −12.0% −3.0%
October 15, 2024 −0.3% −0.3% +1.1% −5.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Life Time Group Holdings, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Life Time Group Holdings, Inc.
$2B $2.5B $3B $3.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.2B Revenue (TTM), FY24 Q1: $2.3B Revenue (TTM), FY24 Q2: $2.4B Revenue (TTM), FY24 Q3: $2.5B Revenue (TTM), FY24 Q4: $2.6B Revenue (TTM), FY25 Q1: $2.7B Revenue (TTM), FY25 Q2: $2.8B Revenue (TTM), FY25 Q3: $2.9B Revenue (TTM), FY25 Q4: $3B Revenue (TTM), FY26 Q1: $3.1B Revenue (TTM), FY26 Q2: $3.2B Revenue (TTM), FY26 Q3: $3.3B $3.3B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.2B
FY24 Q1 $2.3B
FY24 Q2 $2.4B
FY24 Q3 $2.5B
FY24 Q4 $2.6B
FY25 Q1 $2.7B
FY25 Q2 $2.8B
FY25 Q3 $2.9B
FY25 Q4 $3B
FY26 Q1 $3.1B
FY26 Q2 $3.2B
FY26 Q3 $3.3B
Revenue growth, TTM YoY Life Time Group Holdings, Inc.
10% 15% 20% 25% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 21.6% Revenue growth, TTM YoY, FY24 Q1: 18.6% Revenue growth, TTM YoY, FY24 Q2: 18.0% Revenue growth, TTM YoY, FY24 Q3: 18.1% Revenue growth, TTM YoY, FY24 Q4: 18.2% Revenue growth, TTM YoY, FY25 Q1: 18.6% Revenue growth, TTM YoY, FY25 Q2: 17.3% Revenue growth, TTM YoY, FY25 Q3: 15.8% Revenue growth, TTM YoY, FY25 Q4: 14.3% Revenue growth, TTM YoY, FY26 Q1: 12.7% Revenue growth, TTM YoY, FY26 Q2: 12.7% Revenue growth, TTM YoY, FY26 Q3: 13.0% 13.0%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 21.6%
FY24 Q1 18.6%
FY24 Q2 18.0%
FY24 Q3 18.1%
FY24 Q4 18.2%
FY25 Q1 18.6%
FY25 Q2 17.3%
FY25 Q3 15.8%
FY25 Q4 14.3%
FY26 Q1 12.7%
FY26 Q2 12.7%
FY26 Q3 13.0%
Operating margin (TTM) Life Time Group Holdings, Inc.
8% 10% 12% 14% 16% 18% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 10.2% Operating margin (TTM), FY24 Q1: 10.0% Operating margin (TTM), FY24 Q2: 11.7% Operating margin (TTM), FY24 Q3: 13.1% Operating margin (TTM), FY24 Q4: 13.6% Operating margin (TTM), FY25 Q1: 14.4% Operating margin (TTM), FY25 Q2: 14.1% Operating margin (TTM), FY25 Q3: 15.1% Operating margin (TTM), FY25 Q4: 16.1% Operating margin (TTM), FY26 Q1: 16.5% Operating margin (TTM), FY26 Q2: 17.3% Operating margin (TTM), FY26 Q3: 17.4% 17.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 10.2%
FY24 Q1 10.0%
FY24 Q2 11.7%
FY24 Q3 13.1%
FY24 Q4 13.6%
FY25 Q1 14.4%
FY25 Q2 14.1%
FY25 Q3 15.1%
FY25 Q4 16.1%
FY26 Q1 16.5%
FY26 Q2 17.3%
FY26 Q3 17.4%
FCF margin (TTM) Life Time Group Holdings, Inc.
-15% -10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -10.6% FCF margin (TTM), FY24 Q1: -8.9% FCF margin (TTM), FY24 Q2: -6.4% FCF margin (TTM), FY24 Q3: -0.5% FCF margin (TTM), FY24 Q4: 1.9% FCF margin (TTM), FY25 Q1: 5.8% FCF margin (TTM), FY25 Q2: 3.8% FCF margin (TTM), FY25 Q3: 2.4% FCF margin (TTM), FY25 Q4: -0.7% FCF margin (TTM), FY26 Q1: -4.0% FCF margin (TTM), FY26 Q2: -4.7% FCF margin (TTM), FY26 Q3: -6.3% -6.3%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -10.6%
FY24 Q1 -8.9%
FY24 Q2 -6.4%
FY24 Q3 -0.5%
FY24 Q4 1.9%
FY25 Q1 5.8%
FY25 Q2 3.8%
FY25 Q3 2.4%
FY25 Q4 -0.7%
FY26 Q1 -4.0%
FY26 Q2 -4.7%
FY26 Q3 -6.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Life Time Group Holdings took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $3B
  2. Cost of revenue $1.6B · 52.4%
  3. Gross profit $1.4B · 47.6%
  4. Selling, general and admin $245M · 8.2%
  5. Other operating costs $701M · 23.4%
  6. Operating income $481M · 16.1%
  7. Income tax $120M · 4.0%
  8. Net income $374M · 12.5%

Shares of revenue. Source: Life Time Group Holdings's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 1,900 948 1,318 1,823 2,217 2,621 2,995 3,293
Gross profit — — — — 1,032 1,229 1,427 1,579
EBITDA 389 −111 −260 340 470 632 778 898
Operating income 168 −359 −495 111 225 357 481 572
Net income 30 −360 −579 −2 76 156 374 419
Diluted EPS $0.22 −$2.48 −$3.73 −$0.01 $0.37 $0.74 $1.66 $1.84
Growth (year on year)
Revenue — −50.1% +39.0% +38.3% +21.6% +18.2% +14.3% +13.0%
EBITDA — −128.7% — — +38.3% +34.6% +23.0% +23.5%
Operating income — −313.4% — — +103.6% +58.7% +34.6% +30.4%
Net income — — — — — +105.4% +139.2% +45.6%
Diluted EPS — — — — — +100.0% +124.3% +43.3%
Margins
Gross margin — — — — 46.6% 46.9% 47.6% 47.9%
EBITDA margin 20.5% −11.8% −19.7% 18.6% 21.2% 24.1% 26.0% 27.3%
Operating margin 8.9% −37.9% −37.6% 6.1% 10.2% 13.6% 16.1% 17.4%
Net margin 1.6% −38.0% −44.0% −0.1% 3.4% 6.0% 12.5% 12.7%
Free-cash-flow margin −14.0% −38.1% −26.5% −21.4% −10.6% 1.9% −0.7% −6.3%
Cash flow
Cash from operations 359 −96 −20 201 463 575 871 910
Capital spending 624 266 329 591 698 525 891 1,117
Free cash flow −265 −362 −349 −390 −235 51 −21 −206
Stock-based pay 24 0 334 37 50 51 52 48
Free cash flow after stock pay −289 −362 −683 −428 −285 −0 −73 −255
Balance sheet
Cash 48 33 32 26 11 11 205 286
Total debt 0 2,273 1,823 1,839 1,948 1,555 1,525 1,508
Net debt (negative = net cash) −48 2,239 1,792 1,813 1,936 1,544 1,320 1,222
Diluted shares 139m 145m 155m 194m 204m 211m 225m 228m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · September 30, 2026
What it owns · $8.6bn
Short-term assets $493mLonger-term assets $8.1bn
What it owes, and who funded it · $8.6bn
Short-term liabilities $679mLonger-term liabilities $4.5bnShareholders' equity $3.5bn
  • Short-term assets cover short-term liabilities $493m of assets due within a year against $679m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $493m short-term assets against $4.5bn of longer-dated liabilities.
  • More cash than debt $286m of cash against $1.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 43% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 87% to 43% over five years.
  • A year's operating cash flow covers at least 20% of debt $910m of operating cash flow against $1.5bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Life Time Group Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+1.6%
year over year
Sales & admin spending
7.8%
of revenue

Competitors: side by side with peers

Closest by revenue in leisure facilities
Last 12 months unless stated LTH FUN MTN AS PRKS PLNT Median
Revenue, last 12 months $3.3bn $3.1bn $2.8bn $6.6bn $1.6bn $1.4bn $483m
Revenue growth, last 12 months 13.0% −3.5% −4.3% 26.7% −3.5% 12.7% 6.1%
Revenue growth, 3-year average 15.6% — −0.6% — −1.9% 10.9% 5.6%
Revenue growth, latest quarter 14.2% −7.0% 2.5% — −1.4% 7.1% 6.9%
Gross margin 47.9% 91.4% — 57.6% — 81.7% 47.9%
Operating margin 17.4% −44.2% 14.8% 10.7% 19.2% 30.9% 6.2%
Operating margin, 3-year average 15.2% −8.2% 16.9% — 24.1% 28.6% −0.4%
Net margin 12.7% −57.3% 5.2% 6.5% 8.1% 16.9% 5.2%
Cash from operations / revenue 27.6% 15.4% 16.9% 11.1% 24.9% 30.8% 10.5%
Free-cash-flow margin −6.3% 4.9% 8.7% 7.8% 10.0% 18.6% −1.1%
Free-cash-flow margin, 3-year average −1.4% 2.5% 10.9% — 11.9% 17.2% 0.4%
Stock pay / revenue 1.5% 2.0% 1.0% 0.6% 1.2% 0.9% 1.5%
Change in share count 1.6% — −3.8% 12.2% −8.1% — 3.1%

Median of all 17 companies we cover in leisure facilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 leisure facilities companies
Measure Company Peer median Rank
Revenue growth Growth 13.0% 6.1% 5 of 17
Change in growth rate Growth +0.3pp -0.0pp 6 of 17
Gross margin Profitability 47.9% 57.6% 5 of 8
Operating margin Profitability 17.4% 6.4% 3 of 16
Net margin Profitability 12.7% 5.2% 2 of 17
Free-cash-flow margin Cash generation -6.3% -1.1% 12 of 17
Stock pay as % of revenue Cash generation 1.5% 1.5% 8 of 15
Long-term debt as % of assets Balance sheet 17.0% 54.9% 5 of 12
Change in share count Balance sheet 1.6% 4.7% 7 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Center $2.9B 97.1% ▲ 14.2%
Membership $2.1B 72.6% ▲ 13.9%
In Center $797M 27.4% ▲ 15.1%
Other $86.5M 2.9% ▲ 16.4%

From Life Time Group Holdings, Inc.'s 10-K filed February 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$8.3B
Institutions reporting
369
Shares held vs prior quarter
▼ 0.5%
Positions opened / closed
89 / 41

Top buyers and sellers, Q2 2026: 222 institutions bought and 148 sold ; the biggest buyer was Atairos Group, Inc (+8.8M shares) and the biggest seller Leonard Green & Partners, L.P (−13.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $925M 22.7M 11.1% ▲ 3.0%
Leonard Green & Partners, L.P. $450M 11.0M 5.4% ▼ 55.7%
Dimensional Fund Advisors LP $375M 9.2M 4.5% ▲ 13.5%
Vanguard Portfolio Management LLC $371M 9.1M 4.4% ▲ 11.4%
Atairos Group, Inc. $358M 8.8M 4.3% New
Tpg Gp A, LLC $322M 7.9M 3.9% ▼ 55.7%
Vanguard Capital Management LLC $270M 6.6M 3.2% ▲ 7.3%
Wellington Management Group LLP $258M 6.3M 3.1% ▲ 1.6%
Westfield Capital Management Co LP $245M 6.0M 2.9% ▲ 88.2%
State Street Corp $242M 5.9M 2.9% ▲ 4.5%
Ameriprise Financial Inc $227M 5.5M 2.7% ▼ 16.4%
Price T Rowe Associates Inc $206M 5.0M 2.5% ▲ 8.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Life Time Group Holdings, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $2.3B 58 trades by 16 insiders · 1% under pre-set plans
Net ▼ $2.3B net selling
Insider Date Trade Shares Price Value
Weaver Erik EVP & Chief Financial Officer October 12, 2026 Sell pre-set plan 5,787 $39.77 $230,149
Singh Ritadhwaja Jebens EVP & CHIEF DIGITAL OFFICER September 11, 2026 Sell 154,912 $42.00 $6.5M
Singh Ritadhwaja Jebens EVP & CHIEF DIGITAL OFFICER September 9, 2026 Sell 18,729 $42.04 $787,367
Singh Ritadhwaja Jebens EVP & CHIEF DIGITAL OFFICER September 3, 2026 Sell 5,666 $44.00 $249,304
Galashan John Kristofer Director August 26, 2026 Sell 2,879,154 $43.80 $126M
Leonard Green & Partners, L.P. Director August 26, 2026 Sell 4,788 $43.80 $209,714
Leonard Green & Partners, L.P. Director August 26, 2026 Sell 2,826,651 $43.80 $124M
Leonard Green & Partners, L.P. Director August 26, 2026 Sell 47,715 $43.80 $2.1M
Danhakl John G Director August 26, 2026 Sell 2,879,154 $43.80 $126M
Green Equity Investors Side Vi, L.P. Director August 10, 2026 Sell 8,512 $43.16 $367,378
Green Equity Investors Side Vi, L.P. Director August 10, 2026 Sell 84,836 $43.16 $3.7M
Green Equity Investors Side Vi, L.P. Director August 10, 2026 Sell 5,025,751 $43.16 $217M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 14 trades and filings

In the last 12 months, 1 member of Congress disclosed 13 purchases and 1 sale of Life Time Group Holdings, Inc. shares.

  • April McClain Delaney(D-MD 6):Sale (full), $100,001 - $250,000, traded August 25, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Purchase, $1,001 - $15,000, traded August 24, 2026, filed September 9, 2026
  • April McClain Delaney(D-MD 6):Purchase, $1,001 - $15,000, traded August 7, 2026, filed September 9, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 19, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • May 5, 2026
  • February 24, 2026
  • January 22, 2026
  • November 4, 2025

Recent SEC filings

Data status

When each part of this page on Life Time Group Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Life Time Group Holdings, Inc. in brief

What does Life Time Group Holdings, Inc. do?
Life Time Group Holdings, Inc. is a US-listed company in the leisure facilities industry. Its financial year ends in December.
What is Life Time Group Holdings, Inc.'s stock ticker?
Life Time Group Holdings, Inc. trades under the ticker LTH on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Life Time Group Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Life Time Group Holdings, Inc. reported revenue of $3.3B, 13.0% higher than a year earlier, according to its SEC filings.
What is Life Time Group Holdings, Inc.'s free cash flow?
Life Time Group Holdings, Inc.'s free-cash-flow margin is -6.3% of revenue over the trailing twelve months, ranking 12 of the 17 leisure facilities companies we cover.
Who are Life Time Group Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Leonard Green & Partners, L.P. and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Life Time Group Holdings, Inc.'s market cap?
On November 2, 2026, Life Time Group Holdings, Inc.'s market capitalisation was about $10B, with a price-to-earnings ratio of 23.8 and net debt of $1.2B. Market figures come from third-party market data and may be delayed.
How much debt does Life Time Group Holdings, Inc. have?
Life Time Group Holdings, Inc.'s debt-to-equity ratio is 43.2%, from its latest balance sheet (86.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Life Time Group Holdings, Inc.'s competitors?
In our Leisure Facilities peer group, the companies closest to Life Time Group Holdings, Inc. are Six Flags Entertainment Corporation, Vail Resorts Inc, Amer Sports, Inc., United Parks & Resorts Inc. and Planet Fitness, Inc. The side-by-side comparison below sets their revenue, margins and growth against Life Time Group Holdings, Inc.'s.
Are insiders buying or selling Life Time Group Holdings, Inc. stock?
Over the last 12 months, Life Time Group Holdings, Inc.'s directors and officers reported 0 open-market purchases and 58 sales on Form 4. The insider trading page charts every trade.
When is Life Time Group Holdings, Inc.'s next earnings date?
Around January 19, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Life Time Group Holdings, Inc. announces its own schedule.