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Side-by-side financial comparison of American Healthcare REIT, Inc. (AHR) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Life Time Group Holdings, Inc. is the larger business by last-quarter revenue ($788.7M vs $564.0M, roughly 1.4× American Healthcare REIT, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 11.2% vs 1.9%, a 9.3% gap on every dollar of revenue. On growth, American Healthcare REIT, Inc. posted the faster year-over-year revenue change (13.5% vs 11.7%). Over the past eight quarters, American Healthcare REIT, Inc.'s revenue compounded faster (11.7% CAGR vs 8.7%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.
AHR vs LTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $564.0M | $788.7M |
| Net Profit | $10.8M | $88.1M |
| Gross Margin | 14.8% | — |
| Operating Margin | 19.8% | 17.1% |
| Net Margin | 1.9% | 11.2% |
| Revenue YoY | 13.5% | 11.7% |
| Net Profit YoY | 133.9% | 15.8% |
| EPS (diluted) | $0.07 | $0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $788.7M | ||
| Q4 25 | $564.0M | $745.1M | ||
| Q3 25 | $532.1M | $782.6M | ||
| Q2 25 | $501.3M | $761.5M | ||
| Q1 25 | $497.2M | $706.0M | ||
| Q4 24 | $496.8M | $663.3M | ||
| Q3 24 | $476.8M | $693.2M | ||
| Q2 24 | $458.0M | $667.8M |
| Q1 26 | — | $88.1M | ||
| Q4 25 | $10.8M | $123.0M | ||
| Q3 25 | $55.9M | $102.4M | ||
| Q2 25 | $9.9M | $72.1M | ||
| Q1 25 | $-6.8M | $76.1M | ||
| Q4 24 | $-31.8M | $37.2M | ||
| Q3 24 | $-4.1M | $41.4M | ||
| Q2 24 | $2.0M | $52.8M |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 49.1% | ||
| Q3 25 | 14.6% | 47.1% | ||
| Q2 25 | 15.0% | 47.0% | ||
| Q1 25 | 13.0% | 47.5% | ||
| Q4 24 | 13.3% | 48.2% | ||
| Q3 24 | 12.5% | 46.5% | ||
| Q2 24 | 12.1% | 46.8% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | 19.8% | 17.4% | ||
| Q3 25 | 19.9% | 17.3% | ||
| Q2 25 | 20.6% | 14.2% | ||
| Q1 25 | 19.0% | 15.2% | ||
| Q4 24 | 20.0% | 13.1% | ||
| Q3 24 | 19.6% | 13.5% | ||
| Q2 24 | 19.4% | 15.7% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | 1.9% | 16.5% | ||
| Q3 25 | 10.5% | 13.1% | ||
| Q2 25 | 2.0% | 9.5% | ||
| Q1 25 | -1.4% | 10.8% | ||
| Q4 24 | -6.4% | 5.6% | ||
| Q3 24 | -0.9% | 6.0% | ||
| Q2 24 | 0.4% | 7.9% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $0.07 | $0.55 | ||
| Q3 25 | $0.33 | $0.45 | ||
| Q2 25 | $0.06 | $0.32 | ||
| Q1 25 | $-0.04 | $0.34 | ||
| Q4 24 | $-0.23 | $0.17 | ||
| Q3 24 | $-0.03 | $0.19 | ||
| Q2 24 | $0.01 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $114.8M | $120.0M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $3.3B | $3.2B |
| Total Assets | $5.4B | $8.1B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $120.0M | ||
| Q4 25 | $114.8M | $204.8M | ||
| Q3 25 | $147.4M | $218.9M | ||
| Q2 25 | $133.5M | $175.5M | ||
| Q1 25 | $86.1M | $59.0M | ||
| Q4 24 | $76.7M | $10.9M | ||
| Q3 24 | $67.8M | $120.9M | ||
| Q2 24 | $52.1M | $34.5M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $3.3B | $3.1B | ||
| Q3 25 | $2.7B | $3.0B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.3B | $2.7B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $1.9B | $2.4B |
| Q1 26 | — | $8.1B | ||
| Q4 25 | $5.4B | $8.0B | ||
| Q3 25 | $4.8B | $7.8B | ||
| Q2 25 | $4.5B | $7.6B | ||
| Q1 25 | $4.5B | $7.3B | ||
| Q4 24 | $4.5B | $7.2B | ||
| Q3 24 | $4.7B | $7.2B | ||
| Q2 24 | $4.6B | $7.1B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.78× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $55.2M | $198.8M |
| Free Cash FlowOCF − Capex | — | $-61.2M |
| FCF MarginFCF / Revenue | — | -7.8% |
| Capex IntensityCapex / Revenue | — | 26.0% |
| Cash ConversionOCF / Net Profit | 5.12× | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-123.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $198.8M | ||
| Q4 25 | $55.2M | $239.9M | ||
| Q3 25 | $107.2M | $251.1M | ||
| Q2 25 | $71.5M | $195.7M | ||
| Q1 25 | $60.6M | $183.9M | ||
| Q4 24 | $59.5M | $163.1M | ||
| Q3 24 | $63.1M | $151.1M | ||
| Q2 24 | $59.4M | $170.4M |
| Q1 26 | — | $-61.2M | ||
| Q4 25 | — | $-64.6M | ||
| Q3 25 | — | $28.6M | ||
| Q2 25 | — | $-26.3M | ||
| Q1 25 | — | $41.4M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | — | $64.0M | ||
| Q2 24 | — | $26.1M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | — | -8.7% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | -3.5% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | 3.9% |
| Q1 26 | — | 26.0% | ||
| Q4 25 | — | 40.9% | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 20.2% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 21.6% |
| Q1 26 | — | 2.26× | ||
| Q4 25 | 5.12× | 1.95× | ||
| Q3 25 | 1.92× | 2.45× | ||
| Q2 25 | 7.21× | 2.71× | ||
| Q1 25 | — | 2.41× | ||
| Q4 24 | — | 4.39× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | 30.02× | 3.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
LTH
| Center revenue | $767.6M | 97% |
| Other revenue | $21.1M | 3% |
