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Life Time Group Holdings, Inc. (LTH) 10-Year Financial Performance & Capital Metrics

LTH • • Industrial / General
Consumer CyclicalLeisureFitness & Wellness CentersHealth & Fitness Clubs
AboutLife Time Group Holdings, Inc. provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas. The company also offers fitness floors with equipment, locker rooms, group fitness studios, indoor and outdoor pools, bistros, indoor and outdoor tennis courts, basketball courts, LifeSpa, LifeCafe, and childcare and Kids Academy learning spaces. Its Life Time Digital provides live streaming fitness classes, remote goal-based personal training, nutrition and weight loss support, curated award-winning health, and fitness and wellness content, as well as access to Apple Fitness+ that offers members content and wellness data monitoring. The company is also involved in media activities, conducting athletic events, and provision of related services. As of December 31, 2021, it operated 151 centers in 29 states and one Canadian Province, 63 of which were owned, including ground leases and 88 of which were leased. The company was formerly known as LTF Holdings, Inc. and changed its name to Life Time Group Holdings, Inc. in June 21, 2021. Life Time Group Holdings, Inc. was founded in 1992 and is headquartered in Chanhassen, Minnesota.Show more
  • Revenue $2.62B +18.2%
  • EBITDA $632M +34.6%
  • Net Income $156M +105.4%
  • EPS (Diluted) 0.74 +100.0%
  • Gross Margin 46.87% +0.7%
  • EBITDA Margin 24.12% +13.8%
  • Operating Margin 13.64% +34.2%
  • Net Margin 5.96% +73.7%
  • ROE 6.42% +84.9%
  • ROIC 4.1% +53.2%
  • Debt/Equity 1.53 -19.2%
  • Interest Coverage 2.41 +40.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 39.1%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.3%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y6.64%
3Y25.75%
TTM15.77%

Profit (Net Income) CAGR

10Y-
5Y39.08%
3Y-
TTM101.62%

EPS CAGR

10Y-
5Y35.84%
3Y-
TTM85.51%

ROCE

10Y Avg-0.2%
5Y Avg-0.83%
3Y Avg3.62%
Latest5.45%

Peer Comparison

Health & Fitness Clubs
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PLNTPlanet Fitness, Inc.8.22B99.0949.5510.3%15.97%2.3%
LTHLife Time Group Holdings, Inc.5.89B26.6936.0718.24%9.88%9.64%0.86%1.53
OSWOneSpaWorld Holdings Limited2.06B20.1829.2512.72%7.9%13.38%3.5%0.20
PTONPeloton Interactive, Inc.2.69B6.70-22.33-7.77%-4.24%12.02%

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.9B948.38M1.32B1.82B2.22B2.62B
Revenue Growth %--0.5%0.39%0.38%0.22%0.18%
Cost of Goods Sold+1.04B660.05M844.1M1.07B1.18B1.39B
COGS % of Revenue0.55%0.7%0.64%0.59%0.53%0.53%
Gross Profit+859.24M288.33M473.95M754.35M1.03B1.23B
Gross Margin %0.45%0.3%0.36%0.41%0.47%0.47%
Gross Profit Growth %--0.66%0.64%0.59%0.37%0.19%
Operating Expenses+690.96M647.48M969.14M643.73M807.01M871.09M
OpEx % of Revenue0.36%0.68%0.74%0.35%0.36%0.33%
Selling, General & Admin393.65M336.15M694.93M460.12M476.25M525.99M
SG&A % of Revenue0.21%0.35%0.53%0.25%0.21%0.2%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses297.31M311.33M274.21M183.61M328.05M345.1M
Operating Income+168.28M-359.15M-495.19M110.62M225.21M357.48M
Operating Margin %0.09%-0.38%-0.38%0.06%0.1%0.14%
Operating Income Growth %--3.13%-0.38%1.22%1.04%0.59%
EBITDA+388.75M-111.46M-260.06M339.5M469.61M632.16M
EBITDA Margin %0.2%-0.12%-0.2%0.19%0.21%0.24%
EBITDA Growth %--1.29%-1.33%2.31%0.38%0.35%
D&A (Non-Cash Add-back)220.47M247.69M235.12M228.88M244.4M274.68M
EBIT168.28M-359.34M-495.19M110.62M225.21M357.48M
Net Interest Income+-128.96M-128.39M-224.52M-113.54M-130.8M-148.09M
Interest Income000000
Interest Expense128.96M128.39M224.52M113.54M130.8M148.09M
Other Income/Expense-128.15M-128.58M-224.53M-113.24M-130.42M-148.72M
Pretax Income+40.13M-487.73M-719.71M-2.62M94.79M208.77M
Pretax Margin %0.02%-0.51%-0.55%-0%0.04%0.08%
Income Tax+10.08M-127.54M-140.34M-825K18.73M52.53M
Effective Tax Rate %0.75%0.74%0.81%0.68%0.8%0.75%
Net Income+30.02M-360.19M-579.37M-1.79M76.06M156.24M
Net Margin %0.02%-0.38%-0.44%-0%0.03%0.06%
Net Income Growth %--13%-0.61%1%43.42%1.05%
Net Income (Continuing)30.05M-360.19M-579.37M-1.79M76.06M156.24M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+0.16-1.88-3.00-0.010.370.74
EPS Growth %--12.75%-0.6%1%-1%
EPS (Basic)0.16-1.88-3.00-0.010.390.77
Diluted Shares Outstanding191.48M191.48M193.06M193.57M204M211.16M
Basic Shares Outstanding191.48M191.48M193.06M193.57M195.67M201.64M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+210.78M165.7M131.52M131.04M174.52M170.97M
Cash & Short-Term Investments47.95M33.2M31.64M25.51M29.97M10.88M
Cash Only47.95M33.2M31.64M25.51M29.97M10.88M
Short-Term Investments000000
Accounts Receivable58.36M21.39M24.95M23M59.28M38.52M
Days Sales Outstanding11.218.236.914.619.765.36
Inventory44.31M36.28M41.01M45.66M52.8M60.27M
Days Inventory Outstanding15.5320.0617.7315.616.2715.8
Other Current Assets38.79M56.9M3.15M26.87M26.99M31.48M
Total Non-Current Assets+5.97B5.85B6.13B6.49B6.86B6.98B
Property, Plant & Equipment4.51B4.4B4.66B5.02B5.37B5.51B
Fixed Asset Turnover0.42x0.22x0.28x0.36x0.41x0.48x
Goodwill1.23B1.23B1.23B1.23B1.24B1.24B
Intangible Assets168.24M164.42M174.24M173.4M172.13M171.64M
Long-Term Investments000000
Other Non-Current Assets57.67M52.95M61.74M69.74M75.91M67.58M
Total Assets+6.18B6.02B6.26B6.63B7.03B7.15B
Asset Turnover0.31x0.16x0.21x0.28x0.32x0.37x
Asset Growth %--0.03%0.04%0.06%0.06%0.02%
Total Current Liabilities+391.59M443.13M406.25M457.41M557.2M520.1M
Accounts Payable53.95M54.1M71.31M73.97M81.25M87.81M
Days Payables Outstanding18.9129.9230.8325.2825.0423.02
Short-Term Debt36.23M139.27M23.53M15.22M73.85M22.58M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities989K1.4M4.66M14.53M16.13M25.06M
Current Ratio0.54x0.37x0.32x0.29x0.31x0.33x
Quick Ratio0.43x0.29x0.22x0.19x0.22x0.21x
Cash Conversion Cycle7.83-1.62-6.19-5.070.99-1.86
Total Non-Current Liabilities+4.03B4.09B3.76B4.04B4.22B4.02B
Long-Term Debt2.22B2.13B1.78B1.81B1.86B1.51B
Capital Lease Obligations1.49B1.74B1.91B2.16B2.27B2.38B
Deferred Tax Liabilities295M195.12M55.21M41.39M56.07M85.25M
Other Non-Current Liabilities22.59M26.17M18.22M34.18M36.88M42.58M
Total Liabilities4.43B4.54B4.17B4.5B4.78B4.54B
Total Debt+3.78B4.06B3.76B4.04B4.26B3.99B
Net Debt3.73B4.03B3.73B4.01B4.23B3.98B
Debt / Equity2.16x2.74x1.80x1.90x1.89x1.53x
Debt / EBITDA9.71x--11.89x9.07x6.31x
Net Debt / EBITDA9.59x--11.81x9.01x6.29x
Interest Coverage1.30x-2.80x-2.21x0.97x1.72x2.41x
Total Equity+1.75B1.48B2.09B2.12B2.25B2.61B
Equity Growth %--0.15%0.41%0.02%0.06%0.16%
Book Value per Share9.147.7410.8310.9711.0512.36
Total Shareholders' Equity1.75B1.48B2.09B2.12B2.25B2.61B
Common Stock1.42M1.45M1.93M1.94M1.97M2.08M
Retained Earnings288.48M-71.71M-651.08M-652.88M-576.81M-420.57M
Treasury Stock000000
Accumulated OCI-4.65M-3.23M-3.02M-9.22M-6.92M-12.8M
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+358.72M-95.98M-20.03M200.97M463M575.12M
Operating CF Margin %0.19%-0.1%-0.02%0.11%0.21%0.22%
Operating CF Growth %--1.27%0.79%11.03%1.3%0.24%
Net Income30.05M-360.19M-579.37M-1.79M76.06M156.24M
Depreciation & Amortization220.47M247.69M235.12M228.88M244.4M274.68M
Stock-Based Compensation24.15M0334.34M37.29M50.14M51.03M
Deferred Taxes3.44M-99.91M-139.94M-13.56M14.58M29.46M
Other Non-Cash Items44.05M78.91M103.1M-53.22M71.36M61.32M
Working Capital Changes36.56M37.52M26.72M3.37M6.46M2.39M
Change in Receivables-7.05M11.64M-1.74M-5.99M-22.21M2.71M
Change in Inventory-2.59M8.04M-4.73M-4.7M-7.13M-7.52M
Change in Payables-3.55M397K17.19M2.99M7.14M7.05M
Cash from Investing+-477.81M-6.12M-269.92M-243.54M-574.16M-292.74M
Capital Expenditures-624.02M-265.62M-328.91M-591.18M-693.9M-524.53M
CapEx % of Revenue0.33%0.28%0.25%0.32%0.31%0.2%
Acquisitions------
Investments------
Other Investing196.83M259.6M68.52M-4.21M125.45M231.79M
Cash from Financing+133.32M87.39M288.4M36.8M115.55M-284.38M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing-23.16M-460K-1.51M20.01M-1.93M-1.42B
Net Change in Cash------
Free Cash Flow+-265.3M-361.6M-348.94M-390.21M-230.9M50.58M
FCF Margin %-0.14%-0.38%-0.26%-0.21%-0.1%0.02%
FCF Growth %--0.36%0.04%-0.12%0.41%1.22%
FCF per Share-1.39-1.89-1.81-2.02-1.130.24
FCF Conversion (FCF/Net Income)11.95x0.27x0.03x-112.09x6.09x3.68x
Interest Paid000105.15M0136.86M
Taxes Paid00010.64M018.18M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)1.72%-22.29%-32.43%-0.09%3.47%6.42%
Return on Invested Capital (ROIC)2.3%-4.9%-6.56%1.39%2.68%4.1%
Gross Margin45.21%30.4%35.96%41.39%46.57%46.87%
Net Margin1.58%-37.98%-43.96%-0.1%3.43%5.96%
Debt / Equity2.16x2.74x1.80x1.90x1.89x1.53x
Interest Coverage1.30x-2.80x-2.21x0.97x1.72x2.41x
FCF Conversion11.95x0.27x0.03x-112.09x6.09x3.68x
Revenue Growth--50.1%38.98%38.28%21.62%18.24%

Revenue by Segment

2021202220232024
Membership907.11M1.25B1.56B1.85B
Membership Growth-37.99%24.41%19.05%
In-Center379.52M517.83M597.04M692.69M
In-Center Growth-36.44%15.30%16.02%
Product and Service, Other--62.26M74.34M
Product and Service, Other Growth---19.40%

Frequently Asked Questions

Valuation & Price

Life Time Group Holdings, Inc. (LTH) has a price-to-earnings (P/E) ratio of 36.1x. This suggests investors expect higher future growth.

Growth & Financials

Life Time Group Holdings, Inc. (LTH) reported $2.91B in revenue for fiscal year 2024. This represents a 53% increase from $1.90B in 2019.

Life Time Group Holdings, Inc. (LTH) grew revenue by 18.2% over the past year. This is strong growth.

Yes, Life Time Group Holdings, Inc. (LTH) is profitable, generating $287.8M in net income for fiscal year 2024 (6.0% net margin).

Dividend & Returns

Life Time Group Holdings, Inc. (LTH) has a return on equity (ROE) of 6.4%. This is below average, suggesting room for improvement.

Life Time Group Holdings, Inc. (LTH) generated $70.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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