LifeStance Health Group, Inc.
LFST Healthcare Medical Care Facilities
LifeStance Health Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 13.9% from fiscal 2024. In the quarter to June 2026, revenue grew 26.1%, EPS grew 700.0%, free cash flow grew 55.2% and total debt fell 5.08%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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LifeStance Health Group, Inc. (LFST) Piotroski F-score
LifeStance Health Group, Inc.'s Piotroski F-score for fiscal 2025 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, up from 6 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 8 | 2.00 |
| FY2024 | 6 | 2.00 |
| FY2023 | 4 | 0.00 |
| FY2022 | 4 | (1.00) |
| FY2021 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.45% | (2.72%) | Pass | 1 |
| Positive operating cash flow | 146.15m | 107.26m | Pass | 1 |
| Rising return on assets | 0.45% | (2.72%) | Pass | 1 |
| Cash flow above net income | 136.49m | 164.70m | Pass | 1 |
| Falling long-term leverage | 0.12 | 0.13 | Pass | 1 |
| Rising current ratio | 1.65 | 1.37 | Pass | 1 |
| No new shares issued | 386,016,000 | 379,147,000 | Fail | 0 |
| Rising gross margin | 32.37% | 32.17% | Pass | 1 |
| Rising asset turnover | 0.66 | 0.59 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| LFST LifeStance Health Group, Inc. | 8 |
| AVAH Aveanna Healthcare Holdings Inc. compare | 7 |
| GRDN Guardian Pharmacy Services, Inc. compare | 7 |
| PACS PACS Group, Inc. compare | 7 |
| NHC National HealthCare Corporation compare | 7 |
| CHE Chemed Corporation compare | 6 |
| CON Concentra Group Holdings Parent, Inc. compare | 6 |
| OPCH Option Care Health, Inc. compare | 5 |
| ACHC Acadia Healthcare Company, Inc. compare | 5 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover