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Side-by-side financial comparison of BELLRING BRANDS, INC. (BRBR) and LifeStance Health Group, Inc. (LFST). Click either name above to swap in a different company.
BELLRING BRANDS, INC. is the larger business by last-quarter revenue ($537.3M vs $382.2M, roughly 1.4× LifeStance Health Group, Inc.). BELLRING BRANDS, INC. runs the higher net margin — 8.1% vs 3.1%, a 5.1% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 0.8%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $-7.3M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% CAGR vs 4.2%).
Bellring Brands, Inc. develops, manufactures and sells high-quality protein and functional nutritional products including ready-to-drink shakes, protein bars, powders and snacks. Its core brands Premier Protein, Dymatize and PowerBar serve health-conscious consumers and fitness enthusiasts across North America via retail, e-commerce and specialty channels.
Lifestance Health (Lifestance) is an American outpatient behavioral health services provider. They provide their services in person and via tele-health. Their services include therapy, psychiatry, TMS, and ketamine therapies. They have landed in lawsuits multiple times over labor violations, leaking of customer information, and misleading investors.
BRBR vs LFST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $537.3M | $382.2M |
| Net Profit | $43.7M | $11.7M |
| Gross Margin | 29.9% | — |
| Operating Margin | 14.6% | 4.7% |
| Net Margin | 8.1% | 3.1% |
| Revenue YoY | 0.8% | 17.4% |
| Net Profit YoY | -43.2% | 264.1% |
| EPS (diluted) | $0.36 | — |
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.
| Q4 25 | $537.3M | $382.2M | ||
| Q3 25 | $648.2M | $363.8M | ||
| Q2 25 | $547.5M | $345.3M | ||
| Q1 25 | $588.0M | $333.0M | ||
| Q4 24 | $532.9M | $325.5M | ||
| Q3 24 | $555.8M | $312.7M | ||
| Q2 24 | $515.4M | $312.3M | ||
| Q1 24 | $494.6M | $300.4M |
| Q4 25 | $43.7M | $11.7M | ||
| Q3 25 | $59.6M | $1.1M | ||
| Q2 25 | $21.0M | $-3.8M | ||
| Q1 25 | $58.7M | $709.0K | ||
| Q4 24 | $76.9M | $-7.1M | ||
| Q3 24 | $71.7M | $-6.0M | ||
| Q2 24 | $73.7M | $-23.3M | ||
| Q1 24 | $57.2M | $-21.1M |
| Q4 25 | 29.9% | — | ||
| Q3 25 | 28.9% | — | ||
| Q2 25 | 35.4% | — | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 36.9% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 33.2% | — |
| Q4 25 | 14.6% | 4.7% | ||
| Q3 25 | 15.8% | 2.0% | ||
| Q2 25 | 8.2% | -0.9% | ||
| Q1 25 | 16.2% | 0.5% | ||
| Q4 24 | 21.6% | 0.3% | ||
| Q3 24 | 20.2% | 0.0% | ||
| Q2 24 | 21.7% | -5.1% | ||
| Q1 24 | 18.4% | -5.6% |
| Q4 25 | 8.1% | 3.1% | ||
| Q3 25 | 9.2% | 0.3% | ||
| Q2 25 | 3.8% | -1.1% | ||
| Q1 25 | 10.0% | 0.2% | ||
| Q4 24 | 14.4% | -2.2% | ||
| Q3 24 | 12.9% | -1.9% | ||
| Q2 24 | 14.3% | -7.5% | ||
| Q1 24 | 11.6% | -7.0% |
| Q4 25 | $0.36 | — | ||
| Q3 25 | $0.48 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $0.45 | — | ||
| Q4 24 | $0.59 | — | ||
| Q3 24 | $0.54 | — | ||
| Q2 24 | $0.56 | — | ||
| Q1 24 | $0.43 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.1M | $248.6M |
| Total DebtLower is stronger | $1.2B | $282.8M |
| Stockholders' EquityBook value | $-510.7M | $1.5B |
| Total Assets | $1.1B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $248.6M | ||
| Q3 25 | $71.8M | $203.9M | ||
| Q2 25 | $43.7M | $188.9M | ||
| Q1 25 | $28.1M | $134.3M | ||
| Q4 24 | $49.6M | $154.6M | ||
| Q3 24 | $70.8M | $102.6M | ||
| Q2 24 | $72.6M | $87.0M | ||
| Q1 24 | $79.3M | $49.5M |
| Q4 25 | $1.2B | $282.8M | ||
| Q3 25 | $1.1B | $284.6M | ||
| Q2 25 | $1.0B | $286.4M | ||
| Q1 25 | $953.7M | $288.2M | ||
| Q4 24 | $833.4M | $290.0M | ||
| Q3 24 | $833.1M | $287.3M | ||
| Q2 24 | $832.7M | $288.0M | ||
| Q1 24 | $832.4M | $288.8M |
| Q4 25 | $-510.7M | $1.5B | ||
| Q3 25 | $-453.9M | $1.5B | ||
| Q2 25 | $-309.9M | $1.5B | ||
| Q1 25 | $-254.1M | $1.5B | ||
| Q4 24 | $-146.6M | $1.4B | ||
| Q3 24 | $-205.9M | $1.4B | ||
| Q2 24 | $-243.2M | $1.4B | ||
| Q1 24 | $-247.7M | $1.4B |
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $941.0M | $2.1B | ||
| Q2 25 | $993.7M | $2.1B | ||
| Q1 25 | $947.5M | $2.1B | ||
| Q4 24 | $885.2M | $2.1B | ||
| Q3 24 | $837.0M | $2.1B | ||
| Q2 24 | $804.1M | $2.1B | ||
| Q1 24 | $765.0M | $2.1B |
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.19× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.20× |
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 | $-3.1M | $57.6M |
| Free Cash FlowOCF − Capex | $-7.3M | $46.6M |
| FCF MarginFCF / Revenue | -1.4% | 12.2% |
| Capex IntensityCapex / Revenue | 0.8% | 2.9% |
| Cash ConversionOCF / Net Profit | -0.07× | 4.93× |
| TTM Free Cash FlowTrailing 4 quarters | $246.9M | $110.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $57.6M | ||
| Q3 25 | $169.1M | $27.3M | ||
| Q2 25 | $40.3M | $64.4M | ||
| Q1 25 | $48.2M | $-3.1M | ||
| Q4 24 | $3.0M | $62.3M | ||
| Q3 24 | $40.1M | $22.7M | ||
| Q2 24 | $69.0M | $44.1M | ||
| Q1 24 | $16.3M | $-21.8M |
| Q4 25 | $-7.3M | $46.6M | ||
| Q3 25 | $168.1M | $17.0M | ||
| Q2 25 | $38.5M | $56.6M | ||
| Q1 25 | $47.6M | $-10.3M | ||
| Q4 24 | $1.7M | $56.0M | ||
| Q3 24 | $38.9M | $17.7M | ||
| Q2 24 | $68.9M | $39.0M | ||
| Q1 24 | $16.0M | $-26.9M |
| Q4 25 | -1.4% | 12.2% | ||
| Q3 25 | 25.9% | 4.7% | ||
| Q2 25 | 7.0% | 16.4% | ||
| Q1 25 | 8.1% | -3.1% | ||
| Q4 24 | 0.3% | 17.2% | ||
| Q3 24 | 7.0% | 5.7% | ||
| Q2 24 | 13.4% | 12.5% | ||
| Q1 24 | 3.2% | -9.0% |
| Q4 25 | 0.8% | 2.9% | ||
| Q3 25 | 0.2% | 2.8% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | 0.2% | 1.6% | ||
| Q2 24 | 0.0% | 1.6% | ||
| Q1 24 | 0.1% | 1.7% |
| Q4 25 | -0.07× | 4.93× | ||
| Q3 25 | 2.84× | 25.34× | ||
| Q2 25 | 1.92× | — | ||
| Q1 25 | 0.82× | -4.36× | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
LFST
Segment breakdown not available.
