Life Time Group Holdings, Inc. LTH

Consumer DiscretionaryHotels & Entertainment ServicesUnited States of America

Last close 45.10 USD on Nov 1, 2026, +69.7% year to date

Quant rating

Quant rating A Rank 27 of 344 in Consumer Discretionary

Growth B 104 of 344
Valuation C 210 of 344
Quality B 119 of 344
Revisions A 35 of 344
Momentum A 22 of 344

Wall Street consensus Buy (1.69)Average target 57.40 USD +27.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 10.1B
Enterprise value: 11.3B
52-week range: 24.19 – 47.32
3-year range: 11.26 – 47.32
Dividend yield: –
Beta (5 years): 1.49
Shares outstanding: 225M
Next earnings: Feb 25, 2027

About the company

Life Time Group Holdings, Inc. is a holding company. The Company provides health, fitness and wellness experiences at athletic country club destinations and via a digital platform and portfolio of athletic events. It designs, builds and operates athletic country club destinations that are large, multi-use sports and athletic, professional fitness, family recreation and spa centers in a resort-like environment. It operates approximately 190 centers in 31 states and one Canadian province. Its centers serve communities in both suburban and urban markets across North America. It offers fitness floors with equipment, locker rooms, group fitness studios and spaces, recovery spaces, indoor and outdoor pools and bistros, indoor and outdoor tennis courts, indoor and outdoor pickleball courts, basketball courts, childcare and kids' academy learning spaces. The Company offers a variety of convenient month-to-month memberships with no long-term contracts.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	2,995	2,621	2,217	1,823	1,318	–
Revenue growth	14.3%	18.2%	21.6%	38.3%	39.0%	25.9%
EPS (basic, normalized)	1.66	0.74	0.37	−0.01	−1.52	–
EPS growth	124.3%	100.0%	–	–	–	–
Gross margin	47.6%	46.9%	46.6%	41.4%	36.0%	43.7%
Net margin	12.5%	6.0%	3.4%	−0.1%	−44.1%	−4.5%
ROE	13.0%	6.4%	3.5%	−0.1%	−32.5%	−1.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	296
Current ratio	0.73x
Long-term debt (mil)	1,462
Net debt (mil)	1,209
Total equity (mil)	3,452
Net debt / equity	0.35x
Net debt / EBITDA	1.47x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	2,995	+14.3%	3.8x	825	+23.5%	13.7x	1.66	+124.3%	27.2x
2026	3,383	+12.9%	3.4x	956	+15.8%	11.9x	1.71	+3.3%	26.3x
2027	3,791	+12.1%	3.0x	1,085	+13.5%	10.5x	1.95	+13.8%	23.1x
2028	4,195	+10.6%	2.7x	1,210	+11.5%	9.4x	2.17	+11.2%	20.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	3,383	+0.4%	+0.8%	+1.9%	1.71	+3.4%	+7.3%	+12.4%
2027	3,791	+0.5%	+1.2%	+2.4%	1.95	+2.1%	+5.5%	+11.3%
2028	4,195	+0.5%	+2.0%	+2.2%	2.17	+0.5%	+4.8%	+3.3%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	597	668	693	663	706	761	783	745	789	866
Sales mean (mil)	589	635	680	658	683	752	772	733	788	846
Surprise	+1.4%	+5.2%	+1.9%	+0.8%	+3.4%	+1.2%	+1.4%	+1.7%	+0.1%	+2.3%
EPS reported	0.12	0.26	0.21	0.17	0.34	0.26	0.45	0.54	0.39	0.45
EPS mean	0.13	0.15	0.20	0.15	0.26	0.33	0.34	0.35	0.35	0.40
Surprise	−7.0%	+75.5%	+3.4%	+11.5%	+31.2%	−21.2%	+34.1%	+53.5%	+11.4%	+13.1%

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
LTH Life Time Group Holdings, Inc.	10.1B	1.47x	12.5%	2.93x	26.3x	23.1x	11.9x	10.5x
MAR Marriott International, Inc.	104.1B	3.06x	9.9%	−23.10x	34.0x	30.5x	20.1x	18.7x
HLT Hilton Worldwide Holdings Inc.	79.4B	3.39x	12.1%	−12.08x	39.1x	34.1x	22.7x	20.6x
RCL Royal Caribbean Cruises Ltd.	82.2B	3.09x	23.8%	7.01x	17.2x	15.1x	13.4x	12.2x
VIK Viking Holdings Ltd	39.1B	1.19x	17.7%	23.64x	26.8x	19.9x	19.8x	15.7x
CCL Carnival Corporation Ltd	38.8B	3.16x	10.4%	2.75x	12.8x	11.1x	8.6x	8.1x
Mean		2.56x	14.4%	0.19x	26.0x	22.3x	16.1x	14.3x
Median		3.07x	12.3%	2.84x	26.6x	21.5x	16.6x	14.0x

Technical analysis

1M+13.9%
3M−1.2%
1Y+76.0%
3Y+293.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Life Time Group Holdings, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	2,995	2,621	2,217	1,823	1,318	948
Cost of revenue	1,569	1,392	1,184	1,068	844	660
Gross profit	1,427	1,229	1,032	754	474	288
Selling, general & administrative expenses	584	526	476	459	690	336
Research & development	–	–	–	–	–	–
Depreciation/amortization	296	275	244	229	235	248
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	9.4	11.0	14.5	2.1	43.1	37.8
Other operating expenses	55.8	59.4	71.8	−46.5	41.5	25.8
Operating income	481	357	225	111	−536	−359
Net interest income (expense)	−82.0	−149	−130	−113	−184	−129
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	94.2	0	0	0	0	0
Net income before taxes	494	209	94.8	−2.6	−720	−488
Provision for taxes	120	52.5	18.7	−0.8	−139	−115
Minority interest	–	–	–	–	0	0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	374	156	76.1	−1.8	−581	−372
Extraordinary items	–	–	0	0	1.3	12.2
Net income	374	156	76.1	−1.8	−579	−360
EBIT, normalized	386	363	256	17.4	−487	−273
EBITDA, normalized	683	637	501	246	−252	−25.0
Basic EPS, normalized	1.66	0.74	0.37	−0.01	−1.52	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Life Time Group Holdings, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	205	10.9	30.0	25.5	31.6	33.2
Receivables	36.3	38.5	59.3	23.0	24.9	21.4
Total inventory	67.6	60.3	52.8	45.7	41.0	36.3
Prepaid expenses	34.2	29.8	5.5	31.1	30.8	17.9
Other current assets	42.4	31.5	27.0	5.7	3.2	56.9
Total current assets	386	171	175	131	132	166
Property, plant & equipment	6,125	5,509	5,376	5,019	4,658	4,404
Goodwill	1,235	1,235	1,235	1,233	1,233	1,233
Intangibles	181	172	172	173	174	164
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	80.7	65.2	74.5	68.7	59.7	50.7
Total assets	8,008	7,153	7,032	6,625	6,257	6,018
Liabilities
Accounts payable	234	189	190	199	155	94.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	182	161	171	199	188	165
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	34.0	23.7	74.5	16.0	24.9	140
Other current liabilities	160	146	122	43.3	38.5	43.7
Total current liabilities	610	520	557	457	406	443
Long-term debt	1,525	1,542	1,883	1,828	1,776	2,135
Minority interest	–	–	–	–	–	–
Other liabilities	2,747	2,480	2,338	2,216	1,983	1,958
Total liabilities	4,882	4,542	4,778	4,501	4,165	4,536
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	2.2	2.1	2.0	1.9	1.9	1.5
Additional paid-in capital	3,183	3,042	2,836	2,784	2,744	1,570
Retained earnings (accumulated deficit)	−46.9	−421	−577	−653	−651	−71.7
Treasury stock	–	–	–	–	–	–
Other equity	−12.1	−12.8	−6.9	−9.2	−3.0	−18.2
Total equity	3,126	2,610	2,254	2,124	2,091	1,481
Total liabilities & shareholders' equity	8,008	7,153	7,032	6,625	6,257	6,018

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Life Time Group Holdings, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	374	156	76.1	−1.8	−579	−360
Depreciation, depletion & amortization	296	275	244	229	235	248
Deferred taxes	87.5	29.5	14.6	−13.6	−140	−99.9
Non-cash items	85.1	110	124	−14.2	441	79.8
Changes in working capital	27.9	4.9	3.9	1.7	23.2	36.7
Cash from operations	871	575	463	201	−20.0	−96.0
Investing activities
Capital expenditures	−891	−525	−694	−591	−329	−266
Other investing cash flows	206	232	120	348	59.0	260
Cash from investing	−686	−293	−574	−244	−270	−6.1
Financing activities
Financing cash flow items	−5.6	−24.2	−3.4	−1.3	−47.6	−0.5
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	25.0	−260	119	38.1	336	87.9
Cash from financing	19.4	−284	116	36.8	288	87.4
Foreign exchange effects	0.1	−0.1	0.1	−0.4	0	−0.1
Net change in cash	204	−2.1	4.5	−6.1	−1.6	−14.8
Free cash flow	−21.0	50.6	−231	−390	−349	−362

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.