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Side-by-side financial comparison of FEDERATED HERMES, INC. (FHI) 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 ($745.1M vs $482.8M, roughly 1.5× FEDERATED HERMES, INC.). FEDERATED HERMES, INC. runs the higher net margin — 22.2% vs 16.5%, a 5.7% gap on every dollar of revenue. On growth, FEDERATED HERMES, INC. posted the faster year-over-year revenue change (13.7% vs 12.3%). FEDERATED HERMES, INC. produced more free cash flow last quarter ($294.6M vs $-64.6M). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% CAGR vs 10.4%).
Federated Hermes is an investment manager headquartered in Pittsburgh, Pennsylvania, United States. Founded in 1955 and incorporated on October 18, 1957, the company manages $902.6 billion of customer assets, as of December 2025. The company offers investments spanning equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies, including mutual funds, exchange-traded funds (ETFs), separate accounts, closed-end funds and collective investment funds. Clie...
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.
FHI vs LTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $482.8M | $745.1M |
| Net Profit | $107.0M | $123.0M |
| Gross Margin | — | 49.1% |
| Operating Margin | 28.1% | 17.4% |
| Net Margin | 22.2% | 16.5% |
| Revenue YoY | 13.7% | 12.3% |
| Net Profit YoY | 26.4% | 231.0% |
| EPS (diluted) | $1.38 | $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.
| Q4 25 | $482.8M | $745.1M | ||
| Q3 25 | $469.4M | $782.6M | ||
| Q2 25 | $424.8M | $761.5M | ||
| Q1 25 | $423.5M | $706.0M | ||
| Q4 24 | $424.7M | $663.3M | ||
| Q3 24 | $408.5M | $693.2M | ||
| Q2 24 | $402.6M | $667.8M | ||
| Q1 24 | $396.4M | $596.7M |
| Q4 25 | $107.0M | $123.0M | ||
| Q3 25 | $104.1M | $102.4M | ||
| Q2 25 | $91.0M | $72.1M | ||
| Q1 25 | $101.1M | $76.1M | ||
| Q4 24 | $84.7M | $37.2M | ||
| Q3 24 | $87.5M | $41.4M | ||
| Q2 24 | $21.0M | $52.8M | ||
| Q1 24 | $75.0M | $24.9M |
| Q4 25 | — | 49.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 47.0% | ||
| Q1 25 | — | 47.5% | ||
| Q4 24 | — | 48.2% | ||
| Q3 24 | — | 46.5% | ||
| Q2 24 | — | 46.8% | ||
| Q1 24 | — | 46.1% |
| Q4 25 | 28.1% | 17.4% | ||
| Q3 25 | 27.6% | 17.3% | ||
| Q2 25 | 27.6% | 14.2% | ||
| Q1 25 | 31.1% | 15.2% | ||
| Q4 24 | 26.0% | 13.1% | ||
| Q3 24 | 27.4% | 13.5% | ||
| Q2 24 | 10.1% | 15.7% | ||
| Q1 24 | 24.9% | 12.1% |
| Q4 25 | 22.2% | 16.5% | ||
| Q3 25 | 22.2% | 13.1% | ||
| Q2 25 | 21.4% | 9.5% | ||
| Q1 25 | 23.9% | 10.8% | ||
| Q4 24 | 19.9% | 5.6% | ||
| Q3 24 | 21.4% | 6.0% | ||
| Q2 24 | 5.2% | 7.9% | ||
| Q1 24 | 18.9% | 4.2% |
| Q4 25 | $1.38 | $0.55 | ||
| Q3 25 | $1.34 | $0.45 | ||
| Q2 25 | $1.16 | $0.32 | ||
| Q1 25 | $1.25 | $0.34 | ||
| Q4 24 | $1.08 | $0.17 | ||
| Q3 24 | $1.06 | $0.19 | ||
| Q2 24 | $0.20 | $0.26 | ||
| Q1 24 | $0.89 | $0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $582.5M | $204.8M |
| Total DebtLower is stronger | $348.4M | $1.5B |
| Stockholders' EquityBook value | $1.2B | $3.1B |
| Total Assets | $2.2B | $8.0B |
| Debt / EquityLower = less leverage | 0.29× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $582.5M | $204.8M | ||
| Q3 25 | $506.3M | $218.9M | ||
| Q2 25 | $371.0M | $175.5M | ||
| Q1 25 | $387.6M | $59.0M | ||
| Q4 24 | $504.4M | $10.9M | ||
| Q3 24 | $375.0M | $120.9M | ||
| Q2 24 | $307.4M | $34.5M | ||
| Q1 24 | $359.8M | $18.6M |
| Q4 25 | $348.4M | $1.5B | ||
| Q3 25 | $348.3M | $1.5B | ||
| Q2 25 | $348.2M | $1.5B | ||
| Q1 25 | $348.2M | $1.5B | ||
| Q4 24 | $348.1M | $1.5B | ||
| Q3 24 | $348.0M | $1.7B | ||
| Q2 24 | $348.0M | $1.8B | ||
| Q1 24 | $347.9M | $2.0B |
| Q4 25 | $1.2B | $3.1B | ||
| Q3 25 | $1.2B | $3.0B | ||
| Q2 25 | $1.1B | $2.9B | ||
| Q1 25 | $1.1B | $2.7B | ||
| Q4 24 | $1.1B | $2.6B | ||
| Q3 24 | $1.1B | $2.6B | ||
| Q2 24 | $1.0B | $2.4B | ||
| Q1 24 | $1.1B | $2.3B |
| Q4 25 | $2.2B | $8.0B | ||
| Q3 25 | $2.2B | $7.8B | ||
| Q2 25 | $2.2B | $7.6B | ||
| Q1 25 | $2.0B | $7.3B | ||
| Q4 24 | $2.1B | $7.2B | ||
| Q3 24 | $2.0B | $7.2B | ||
| Q2 24 | $1.9B | $7.1B | ||
| Q1 24 | $2.1B | $7.1B |
| Q4 25 | 0.29× | 0.48× | ||
| Q3 25 | 0.29× | 0.51× | ||
| Q2 25 | 0.31× | 0.53× | ||
| Q1 25 | 0.32× | 0.56× | ||
| Q4 24 | 0.32× | 0.59× | ||
| Q3 24 | 0.32× | 0.64× | ||
| Q2 24 | 0.34× | 0.78× | ||
| Q1 24 | 0.30× | 0.87× |
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 | $297.3M | $239.9M |
| Free Cash FlowOCF − Capex | $294.6M | $-64.6M |
| FCF MarginFCF / Revenue | 61.0% | -8.7% |
| Capex IntensityCapex / Revenue | 0.6% | 40.9% |
| Cash ConversionOCF / Net Profit | 2.78× | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | $427.5M | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $297.3M | $239.9M | ||
| Q3 25 | $103.1M | $251.1M | ||
| Q2 25 | $18.8M | $195.7M | ||
| Q1 25 | $14.3M | $183.9M | ||
| Q4 24 | $346.6M | $163.1M | ||
| Q3 24 | $117.1M | $151.1M | ||
| Q2 24 | $88.7M | $170.4M | ||
| Q1 24 | $14.0M | $90.4M |
| Q4 25 | $294.6M | $-64.6M | ||
| Q3 25 | $101.6M | $28.6M | ||
| Q2 25 | $18.0M | $-26.3M | ||
| Q1 25 | $13.3M | $41.4M | ||
| Q4 24 | $342.5M | $26.8M | ||
| Q3 24 | $114.1M | $64.0M | ||
| Q2 24 | $82.7M | $26.1M | ||
| Q1 24 | $13.5M | $-66.4M |
| Q4 25 | 61.0% | -8.7% | ||
| Q3 25 | 21.6% | 3.7% | ||
| Q2 25 | 4.2% | -3.5% | ||
| Q1 25 | 3.1% | 5.9% | ||
| Q4 24 | 80.7% | 4.0% | ||
| Q3 24 | 27.9% | 9.2% | ||
| Q2 24 | 20.5% | 3.9% | ||
| Q1 24 | 3.4% | -11.1% |
| Q4 25 | 0.6% | 40.9% | ||
| Q3 25 | 0.3% | 28.4% | ||
| Q2 25 | 0.2% | 29.2% | ||
| Q1 25 | 0.2% | 20.2% | ||
| Q4 24 | 0.9% | 20.6% | ||
| Q3 24 | 0.7% | 12.6% | ||
| Q2 24 | 1.5% | 21.6% | ||
| Q1 24 | 0.1% | 26.3% |
| Q4 25 | 2.78× | 1.95× | ||
| Q3 25 | 0.99× | 2.45× | ||
| Q2 25 | 0.21× | 2.71× | ||
| Q1 25 | 0.14× | 2.41× | ||
| Q4 24 | 4.09× | 4.39× | ||
| Q3 24 | 1.34× | 3.65× | ||
| Q2 24 | 4.22× | 3.23× | ||
| Q1 24 | 0.19× | 3.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHI
| Investment Advisory Management And Administrative Service | $314.0M | 65% |
| Separateaccounts | $63.9M | 13% |
| Other | $61.2M | 13% |
| Distribution Service | $43.7M | 9% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
