# Life Time Group Holdings, Inc. (LTH)

> Source: Nexqual · https://nexqual.com/LTH · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Life Time Group Holdings, Inc. (LTH), nexqual.com/LTH" · informational, not investment advice.

**Price:** USD 41.99 (+3.02% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 40.76 · day 40.53–42.58 · 52w 24.14–47.24 · market cap $9.38B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.18B, net income $415M (13.0% margin), free cash flow -$151M (SEC filings).
- Valuation: P/E 22.6x (avg 28.8x at the last 3 fiscal year-ends), EV/EBITDA 12.3x, net debt $1.27B.
- 2 of 80 tracked superinvestors hold LTH (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 1.86 on a 1–5 scale) (14 analysts), mean target USD 56.07 (range 50–64).
- Total return with dividends: 1Y +62.3% vs S&P 500 +14.9%; 5Y +144.4% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.46, revenue estimate $875M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.82B | $2.22B | $2.62B | $3.00B | $3.18B |
| Gross profit | — | — | $1.03B | $1.23B | $1.43B | — |
| Operating income | -$495M | $111M | $225M | $357M | $481M | $550M |
| Net income | -$579M | -$1.8M | $76.1M | $156M | $374M | $415M |
| EPS (diluted) | -$3.73 | -$0.01 | $0.37 | $0.74 | $1.66 | — |
| Free cash flow | -$349M | -$390M | -$235M | $50.6M | -$21.0M | -$151M |
| Gross margin | — | — | 46.6% | 46.9% | 47.6% | — |
| Operating margin | -37.6% | 6.1% | 10.2% | 13.6% | 16.1% | 17.3% |
| Net margin | -44.0% | -0.1% | 3.4% | 6.0% | 12.5% | 13.0% |
| Revenue growth | +39.0% | +38.3% | +21.6% | +18.2% | +14.3% | — |
| Cash + short-term investments | $31.6M | $25.5M | $11.2M | $10.9M | $205M | — |
| Total debt | $1.80B | $1.82B | $1.93B | $1.54B | $1.51B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 22.6x · P/S 3.0x · EV/EBITDA 12.3x · EV/Sales 3.4x · P/B 2.8x · FCF yield -1.61% · Earnings yield 4.42% · Net debt $1.27B · EV $10.7B
P/E at fiscal year-ends: Dec 2025 16.0x, Dec 2024 29.9x, Dec 2023 40.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold LTH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.06% | $7.0M | Unchanged |
| Polen Capital | Polen Capital Management | 0.03% | $3.1M | Added +89.5% |

## Analysts
Consensus Buy (mean 1.86 on a 1–5 scale), 14 analysts; mean target USD 56.07 (low 50, high 64).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-18 | Morgan Stanley | Target raised | Overweight | $39 → $53 |
| 2026-08-12 | Guggenheim | Reiterated | Buy | $50 |
| 2026-08-04 | UBS | Target raised | Buy | $43 → $57 |
| 2026-07-31 | RBC Capital | Target raised | Outperform | $50 → $60 |
| 2026-07-31 | Mizuho | Target raised | Outperform | $63 → $64 |
| 2026-07-31 | Wells Fargo | Target raised | Overweight | $46 → $51 |
| 2026-07-31 | Guggenheim | Target raised | Buy | $41 → $50 |
| 2026-07-31 | Keybanc | Target raised | Overweight | $40 → $52 |
| 2026-07-16 | Wells Fargo | Target raised | Overweight | $38 → $46 |
| 2026-06-29 | Jefferies | Target raised | Buy | $41 → $51 |
| 2026-06-25 | Oppenheimer | Target raised | Outperform | $43 → $60 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +62.3% | +144.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +62.6% | +19.5% |
| Volatility (annualized) | 36.8% | 48.0% |
| Max drawdown | -16.5% (Aug 2026→Sep 2026) | -58.4% (Nov 2021→Oct 2022) |

## Peers (Leisure)
HAS (Hasbro, Inc.) USD 117.23 +2.83% · AS (Amer Sports, Inc.) USD 28.98 -2.03% · MAT (Mattel, Inc.) USD 16.94 -0.06% · GOLF (Acushnet Holdings Corp.) USD 81.97 +2.50% · PLNT (Planet Fitness, Inc.) USD 53.27 +3.06% · YETI (YETI Holdings, Inc.) USD 44.03 +2.95%

## More
Full page: https://nexqual.com/LTH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Total center revenue | $837.4M | 96.7% | +13.8% |
| — Membership dues and enrollment fees (part of Total center revenue) | $597.2M | 69.0% | +13.3% |
| — In-center revenue (part of Total center revenue) | $240.2M | 27.7% | +15.2% |
| Other revenue | $28.6M | 3.3% | +11.7% |
| Total revenue | $866.0M | 100% | — |

## Company outlook (8-K filed 2026-07-30)

- "The Company is also updating the following operational and financial expectations for fiscal 2026: • Comparable center revenue growth of 7.9% to 8.3%, which includes our ramping and mature centers, increased from 6.9% to 7.5%. • Open 14 new clubs, tightened from 12 to 14, most of which will be large-format, ground-up construction clubs."
- "We expect the total square footage of our 2026 class of clubs to be approximately 1.3 million square feet, nearly double the square footage of each of our 2024 class and 2025 class of clubs."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.46 | $0.45 | +2.3% | $874.9M | 9 |
| Next quarter (ends 2026-12-31) | $0.40 | $0.41 | -1.4% | $839.2M | 9 |
| Current fiscal year (ends 2026-12-31) | $1.75 | $1.71 | +2.8% | $3.37B | 9 |
| Next fiscal year (ends 2027-12-31) | $2.04 | $1.95 | +4.6% | $3.77B | 10 |