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Friday 6 November 2026
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Life Time Group Holdings, Inc.
Life Time Group Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, up 14.3% from fiscal 2024.
- Revenue
- +14.2%
- EPS
- +1.13%
- Free cash flow
- −193.1%
- Total debt
- −1.37%
Quarter to September 2026, against a year earlier
47.77
0.38
+0.80%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | 1,749 | 1,900 | 948 | 1,318 | 1,823 | 2,217 | 2,621 | 2,995 | 3,293 | +8.0% | 3,384 | 3,786 | 4,204 | +12.0% | |
| Gross margin, % | — | — | 45.66 | 45.21 | 30.40 | 35.96 | 41.39 | 46.57 | 46.87 | 47.63 | 47.95 | +2.0 pt | ||||||
| EBT | — | — | 61 | 40 | (488) | (720) | (3) | 95 | 209 | 494 | 570 | +34.8% | ||||||
| EBT margin, % | — | — | 3.49 | 2.11 | (51.43) | (54.60) | (0.14) | 4.28 | 7.97 | 16.48 | 17.30 | +13.0 pt | ||||||
| Net income | — | 0 | 41 | 30 | (360) | (579) | (2) | 76 | 156 | 374 | 419 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | 12.75 | 13.63 | 6.53 | 8.48 | 9.42 | 11.33 | 13.00 | 13.74 | 14.70 | +1.1% | |||||
| Earnings | — | — | 0.30 | 0.22 | (2.48) | (3.73) | (0.01) | 0.39 | 0.77 | 1.71 | 1.90 | +28.3% | ||||||
| Cash flow | — | — | 2.45 | 2.57 | (0.66) | (0.13) | 1.04 | 2.37 | 2.85 | 3.99 | 4.06 | +7.2% | ||||||
| Capex | — | — | (4.41) | (4.48) | (1.83) | (2.12) | (3.05) | (3.55) | (2.52) | (4.09) | (4.98) | (1.1%) | ||||||
| Free cash flow | — | — | (1.96) | (1.90) | (2.49) | (2.24) | (2.02) | (1.18) | 0.33 | (0.10) | (0.92) | (35.0%) | ||||||
| Book value | — | — | 0.00 | 12.55 | 10.21 | 13.45 | 10.97 | 11.52 | 12.95 | 14.34 | 15.41 | n/m | ||||||
| Shares, m | — | — | 137 | 139 | 145 | 155 | 194 | 196 | 202 | 218 | 222 | +6.8% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 37.46 | 28.36 | 15.45 | 25.20 | 10.2 | |||||
| P/S | — | — | 2.17 | 2.17 | 2.17 | 2.03 | 1.24 | 1.29 | 1.70 | 1.93 | 3.25 | 1.8 | ||||||
| P/B | — | — | 2.15 | 2.15 | 2.15 | 1.28 | 1.06 | 1.27 | 1.71 | 1.85 | 3.10 | 1.7 | ||||||
| EV/Sales | — | — | 4.12 | 4.12 | 4.12 | 3.37 | 2.22 | 2.15 | 2.28 | 2.36 | 3.61 | 3.1 | ||||||
| EV/FCF | — | — | (15.86) | (15.86) | (15.86) | (12.73) | (10.38) | (20.63) | 90.21 | (337.38) | (57.62) | (42.3) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | 336 | 359 | (96) | (20) | 201 | 463 | 575 | 871 | 910 | +14.6% | |||||
| Capex | — | — | (605) | (624) | (266) | (329) | (591) | (694) | (509) | (891) | (1,117) | +5.7% | ||||||
| Free cash flow | — | — | (269) | (265) | (362) | (349) | (390) | (231) | 66 | (21) | (206) | (30.5%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | (181) | (277) | (275) | (326) | (383) | (349) | (224) | (186) | +3.6% | |||||
| Net debt | — | — | — | 2,212 | 2,239 | 1,768 | 1,795 | 1,903 | 1,508 | 1,276 | 1,178 | (8.8%) | ||||||
| Shareholders’ equity | — | — | — | 1,750 | 1,481 | 2,091 | 2,124 | 2,254 | 2,610 | 3,126 | 3,452 | +10.2% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | 0.00 | 0.97 | (5.91) | (9.44) | (0.03) | 1.11 | 2.20 | 4.93 | 5.10 | +4.9 pt | |||||
| ROIC | — | — | 0.00 | 2.65 | (6.03) | (8.02) | 1.76 | 3.39 | 5.43 | 6.83 | 7.72 | +6.8 pt | ||||||
| ROE | — | — | 0.00 | 1.84 | (22.29) | (32.43) | (0.09) | 3.47 | 6.42 | 13.03 | 13.02 | +13.0 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 30,000 | 34,000 | 37,000 | 43,800 | 44,000 | — | +10.0% | |||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.00 | 0.04 | 0.05 | 0.06 | 0.06 | 0.07 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| Membership dues and enrollment fees | 2,111 | 70.49% |
|---|---|---|
| In-center revenue | 797 | 26.62% |
| Other revenue | 87 | 2.89% |
| Gross margin | 47.63% | |
| Operating margin | 16.07% | |
| Pre-tax margin | 16.48% |
Life Time Group Holdings, Inc. vs peers in Leisure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AS Amer Sports, Inc. | $18.2B | 32.2× | 23.8× | +32.06% (above 0%: growing) | +500.00% (above 0%: growing) | +169.07% (above 0%: growing) | 65.64% | 11.74% | Compare |
| HAS Hasbro, Inc. | $16.7B | 17.6× | 17.6× | +14.98% (above 0%: growing) | +68.67% (above 0%: growing) | +11.38% (above 0%: growing) | 75.88% | 32.43% | Compare |
| LTH Life Time Group Holdings, Inc. | $10.7B | 25.2× | 27.6× | +14.17% (above 0%: growing) | +1.13% (above 0%: growing) | −193.08% (below 0%: shrinking) | 46.89% | 17.68% | |
| GOLF Acushnet | $4.9B | 22.5× | 21.3× | −1.28% (below 0%: shrinking) | +4.56% (above 0%: growing) | +39.79% (above 0%: growing) | 49.59% | 12.37% | Compare |
| PLNT Planet Fitness, Inc. | $4.5B | 20.4× | 18.0× | +8.97% (above 0%: growing) | +26.09% (above 0%: growing) | −62.29% (below 0%: shrinking) | 81.84% | 28.19% | Compare |
| MAT Mattel, Inc. | $4.3B | 10.9× | 9.7× | +10.48% (above 0%: growing) | n/m | +29.42% (above 0%: growing) | 48.17% | 0.97% | Compare |
| YETI YETI Holdings, Inc. | $3.4B | 20.1× | 15.1× | +8.52% (above 0%: growing) | +53.23% (above 0%: growing) | −18.84% (below 0%: shrinking) | 66.66% | 19.33% | Compare |
| OSW OneSpaWorld Holdings Limited | $3.1B | 36.6× | 32.6× | +6.97% (above 0%: growing) | +16.04% (above 0%: growing) | +58.18% (above 0%: growing) | 17.97% | 10.83% | Compare |
| CALY Callaway Golf Company | $2.8B | — (loss-making) | 25.8× | +1.97% (above 0%: growing) | +281.82% (above 0%: growing) | +101.95% (above 0%: growing) | 50.10% | 18.75% | Compare |
| Median of peers | $4.4B | 20.4× | 19.7× | +8.75% | +53.23% | +34.60% | 57.87% | 15.56% |
From the latest earnings call
- CFO Erik Weaver said comparable center revenue grew 8.7% in the third quarter, exceeding expectations as membership acquisition and in-center businesses outperformed.
- CEO Bahram Akradi said Life Time was not seeing an impact from macroeconomic conditions and was focusing on improving execution across its clubs.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
91.36%
Held by the ten largest
46.59%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 22.66m | 10.15% | +659.05k |
| Vanguard | 16.95m | 7.59% | +1.37m |
| Leonard Green & Partners, L.P. | 11.03m | 4.94% | −13.88m |
| T. Rowe Price | 9.29m | 4.16% | +917.12k |
| Dimensional Fund Advisors | 9.18m | 4.11% | +1.09m |
| Atairos Group, Inc. | 8.77m | 3.93% | +8.77m |
| TPG GP A, LLC | 7.89m | 3.54% | −9.94m |
| Wellington Management | 6.31m | 2.83% | +99.15k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | 6.00m | 2.69% | +2.81m |
| State Street | 5.92m | 2.65% | +252.20k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 11 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 15.20m | 32.88m | 149.75 |
| 2024 | 15.16m | 36.32m | 124.62 |
| 2023 | 12.09m | 11.47m | 84.96 |
| 2022 | 8.08m | 2.97m | 67.38 |
| 2021 | 41.93m | 132.58m | 96.96 |
Ownership
Directors and executive officers, together
13.30%
LGP Investors
11.20%
TPG Investors
8.00%
Bahram Akradi
7.30%
The Vanguard Group
5.90%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Life Time Group Holdings, Inc. (LTH) Latest News
30 Oct
29 Oct
22 Oct
21 Oct
20 Oct
13 Oct
12 Oct
6 Oct
21 Sep
18 Aug
LTH metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Life Time operates athletic clubs that combine fitness facilities with wellness, recreation and other services. Its customers are individuals, couples and families who pay for access to a home center and, depending on their membership, other centers. The company is headquartered in Chanhassen, and founder Bahram Akradi is chairman and chief executive officer.
A center can include exercise equipment, group fitness studios, pools, tennis and pickleball courts, a cafe, a spa and spaces for children. Offerings vary by location. Members can also use services such as personal training, swimming lessons, nutrition coaching and assessments. Some services and spaces require an additional fee or a higher membership tier.