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Side-by-side financial comparison of BXP, Inc. (BXP) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $745.1M, roughly 1.2× Life Time Group Holdings, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs 15.3%, a 1.3% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (12.3% vs 0.8%). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% CAGR vs 1.3%).
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
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.
BXP vs LTH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $872.1M | $745.1M |
| Net Profit | $133.0M | $123.0M |
| Gross Margin | — | 49.1% |
| Operating Margin | — | 17.4% |
| Net Margin | 15.3% | 16.5% |
| Revenue YoY | 0.8% | 12.3% |
| Net Profit YoY | 53.0% | 231.0% |
| EPS (diluted) | $1.69 | $0.55 |
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 | $872.1M | — | ||
| Q4 25 | $877.1M | $745.1M | ||
| Q3 25 | $871.5M | $782.6M | ||
| Q2 25 | $868.5M | $761.5M | ||
| Q1 25 | $865.2M | $706.0M | ||
| Q4 24 | $858.6M | $663.3M | ||
| Q3 24 | $859.2M | $693.2M | ||
| Q2 24 | $850.5M | $667.8M |
| Q1 26 | $133.0M | — | ||
| Q4 25 | $248.4M | $123.0M | ||
| Q3 25 | $-121.7M | $102.4M | ||
| Q2 25 | $89.0M | $72.1M | ||
| Q1 25 | $61.2M | $76.1M | ||
| Q4 24 | $-228.9M | $37.2M | ||
| Q3 24 | $83.6M | $41.4M | ||
| Q2 24 | $79.6M | $52.8M |
| Q1 26 | — | — | ||
| Q4 25 | 58.8% | 49.1% | ||
| Q3 25 | 59.3% | 47.1% | ||
| Q2 25 | 59.2% | 47.0% | ||
| Q1 25 | 59.2% | 47.5% | ||
| Q4 24 | 59.7% | 48.2% | ||
| Q3 24 | 59.5% | 46.5% | ||
| Q2 24 | 59.8% | 46.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 17.3% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 13.1% | ||
| Q3 24 | — | 13.5% | ||
| Q2 24 | — | 15.7% |
| Q1 26 | 15.3% | — | ||
| Q4 25 | 28.3% | 16.5% | ||
| Q3 25 | -14.0% | 13.1% | ||
| Q2 25 | 10.2% | 9.5% | ||
| Q1 25 | 7.1% | 10.8% | ||
| Q4 24 | -26.7% | 5.6% | ||
| Q3 24 | 9.7% | 6.0% | ||
| Q2 24 | 9.4% | 7.9% |
| Q1 26 | $1.69 | — | ||
| Q4 25 | $1.56 | $0.55 | ||
| Q3 25 | $-0.77 | $0.45 | ||
| Q2 25 | $0.56 | $0.32 | ||
| Q1 25 | $0.39 | $0.34 | ||
| Q4 24 | $-1.46 | $0.17 | ||
| Q3 24 | $0.53 | $0.19 | ||
| Q2 24 | $0.51 | $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 | $512.8M | $204.8M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $7.7B | $3.1B |
| Total Assets | $25.1B | $8.0B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.8M | — | ||
| Q4 25 | $1.5B | $204.8M | ||
| Q3 25 | $861.1M | $218.9M | ||
| Q2 25 | $447.0M | $175.5M | ||
| Q1 25 | $398.1M | $59.0M | ||
| Q4 24 | $1.3B | $10.9M | ||
| Q3 24 | $1.4B | $120.9M | ||
| Q2 24 | $685.4M | $34.5M |
| Q1 26 | — | — | ||
| 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 | $7.7B | — | ||
| Q4 25 | $5.1B | $3.1B | ||
| Q3 25 | $5.0B | $3.0B | ||
| Q2 25 | $5.3B | $2.9B | ||
| Q1 25 | $5.3B | $2.7B | ||
| Q4 24 | $5.4B | $2.6B | ||
| Q3 24 | $5.8B | $2.6B | ||
| Q2 24 | $5.8B | $2.4B |
| Q1 26 | $25.1B | — | ||
| Q4 25 | $26.2B | $8.0B | ||
| Q3 25 | $26.0B | $7.8B | ||
| Q2 25 | $25.6B | $7.6B | ||
| Q1 25 | $25.4B | $7.3B | ||
| Q4 24 | $26.1B | $7.2B | ||
| Q3 24 | $26.4B | $7.2B | ||
| Q2 24 | $25.5B | $7.1B |
| Q1 26 | — | — | ||
| 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 | — | $239.9M |
| Free Cash FlowOCF − Capex | — | $-64.6M |
| FCF MarginFCF / Revenue | — | -8.7% |
| Capex IntensityCapex / Revenue | 1.5% | 40.9% |
| Cash ConversionOCF / Net Profit | — | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $407.8M | $239.9M | ||
| Q3 25 | $274.2M | $251.1M | ||
| Q2 25 | $353.1M | $195.7M | ||
| Q1 25 | $210.0M | $183.9M | ||
| Q4 24 | $383.7M | $163.1M | ||
| Q3 24 | $286.1M | $151.1M | ||
| Q2 24 | $367.1M | $170.4M |
| Q1 26 | — | — | ||
| Q4 25 | $362.7M | $-64.6M | ||
| Q3 25 | $231.6M | $28.6M | ||
| Q2 25 | $281.5M | $-26.3M | ||
| Q1 25 | $152.6M | $41.4M | ||
| Q4 24 | $312.5M | $26.8M | ||
| Q3 24 | $234.5M | $64.0M | ||
| Q2 24 | $332.4M | $26.1M |
| Q1 26 | — | — | ||
| Q4 25 | 41.4% | -8.7% | ||
| Q3 25 | 26.6% | 3.7% | ||
| Q2 25 | 32.4% | -3.5% | ||
| Q1 25 | 17.6% | 5.9% | ||
| Q4 24 | 36.4% | 4.0% | ||
| Q3 24 | 27.3% | 9.2% | ||
| Q2 24 | 39.1% | 3.9% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 5.1% | 40.9% | ||
| Q3 25 | 4.9% | 28.4% | ||
| Q2 25 | 8.2% | 29.2% | ||
| Q1 25 | 6.6% | 20.2% | ||
| Q4 24 | 8.3% | 20.6% | ||
| Q3 24 | 6.0% | 12.6% | ||
| Q2 24 | 4.1% | 21.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.64× | 1.95× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | 3.97× | 2.71× | ||
| Q1 25 | 3.43× | 2.41× | ||
| Q4 24 | — | 4.39× | ||
| Q3 24 | 3.42× | 3.65× | ||
| Q2 24 | 4.61× | 3.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
