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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and MATERION Corp (MTRN). Click either name above to swap in a different company.
MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $382.2M, roughly 1.4× LifeStance Health Group, Inc.). MATERION Corp runs the higher net margin — 3.5% vs 3.1%, a 0.5% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 17.4%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% CAGR vs 12.8%).
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.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
LFST vs MTRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $549.8M |
| Net Profit | $11.7M | $19.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | 4.7% | 5.1% |
| Net Margin | 3.1% | 3.5% |
| Revenue YoY | 17.4% | 30.8% |
| Net Profit YoY | 264.1% | 9.5% |
| EPS (diluted) | — | — |
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 | — | $549.8M | ||
| Q4 25 | $382.2M | $489.8M | ||
| Q3 25 | $363.8M | $444.8M | ||
| Q2 25 | $345.3M | $431.7M | ||
| Q1 25 | $333.0M | $420.3M | ||
| Q4 24 | $325.5M | $436.9M | ||
| Q3 24 | $312.7M | $436.7M | ||
| Q2 24 | $312.3M | $425.9M |
| Q1 26 | — | $19.4M | ||
| Q4 25 | $11.7M | $6.6M | ||
| Q3 25 | $1.1M | $25.4M | ||
| Q2 25 | $-3.8M | $25.1M | ||
| Q1 25 | $709.0K | $17.7M | ||
| Q4 24 | $-7.1M | $-48.9M | ||
| Q3 24 | $-6.0M | $22.3M | ||
| Q2 24 | $-23.3M | $19.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.0% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 4.7% | 2.2% | ||
| Q3 25 | 2.0% | 7.9% | ||
| Q2 25 | -0.9% | 8.5% | ||
| Q1 25 | 0.5% | 6.5% | ||
| Q4 24 | 0.3% | -8.8% | ||
| Q3 24 | 0.0% | 7.2% | ||
| Q2 24 | -5.1% | 7.5% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 3.1% | 1.3% | ||
| Q3 25 | 0.3% | 5.7% | ||
| Q2 25 | -1.1% | 5.8% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | -2.2% | -11.2% | ||
| Q3 24 | -1.9% | 5.1% | ||
| Q2 24 | -7.5% | 4.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.30 | ||
| Q3 25 | — | $1.22 | ||
| Q2 25 | — | $1.21 | ||
| Q1 25 | — | $0.85 | ||
| Q4 24 | — | $-2.34 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | — | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $248.6M | $16.2M |
| Total DebtLower is stronger | $282.8M | $489.9M |
| Stockholders' EquityBook value | $1.5B | $957.0M |
| Total Assets | $2.2B | $1.9B |
| Debt / EquityLower = less leverage | 0.19× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $16.2M | ||
| Q4 25 | $248.6M | $13.7M | ||
| Q3 25 | $203.9M | $16.4M | ||
| Q2 25 | $188.9M | $12.6M | ||
| Q1 25 | $134.3M | $15.6M | ||
| Q4 24 | $154.6M | $16.7M | ||
| Q3 24 | $102.6M | $17.9M | ||
| Q2 24 | $87.0M | $17.1M |
| Q1 26 | — | $489.9M | ||
| Q4 25 | $282.8M | $460.6M | ||
| Q3 25 | $284.6M | $458.9M | ||
| Q2 25 | $286.4M | $427.6M | ||
| Q1 25 | $288.2M | $453.0M | ||
| Q4 24 | $290.0M | $443.9M | ||
| Q3 24 | $287.3M | — | ||
| Q2 24 | $288.0M | — |
| Q1 26 | — | $957.0M | ||
| Q4 25 | $1.5B | $943.3M | ||
| Q3 25 | $1.5B | $934.6M | ||
| Q2 25 | $1.5B | $910.6M | ||
| Q1 25 | $1.5B | $887.9M | ||
| Q4 24 | $1.4B | $868.9M | ||
| Q3 24 | $1.4B | $931.9M | ||
| Q2 24 | $1.4B | $907.1M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.2B | $1.8B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.1B | $1.8B |
| Q1 26 | — | 0.51× | ||
| Q4 25 | 0.19× | 0.49× | ||
| Q3 25 | 0.19× | 0.49× | ||
| Q2 25 | 0.19× | 0.47× | ||
| Q1 25 | 0.20× | 0.51× | ||
| Q4 24 | 0.20× | 0.51× | ||
| Q3 24 | 0.20× | — | ||
| Q2 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 | $57.6M | — |
| Free Cash FlowOCF − Capex | $46.6M | — |
| FCF MarginFCF / Revenue | 12.2% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 4.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $19.5M | ||
| Q3 25 | $27.3M | $18.3M | ||
| Q2 25 | $64.4M | $49.9M | ||
| Q1 25 | $-3.1M | $15.5M | ||
| Q4 24 | $62.3M | $76.3M | ||
| Q3 24 | $22.7M | $5.1M | ||
| Q2 24 | $44.1M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | $46.6M | — | ||
| Q3 25 | $17.0M | — | ||
| Q2 25 | $56.6M | — | ||
| Q1 25 | $-10.3M | $3.2M | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $17.7M | $-24.3M | ||
| Q2 24 | $39.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | -3.1% | 0.8% | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 5.7% | -5.6% | ||
| Q2 24 | 12.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 2.2% | — | ||
| Q1 25 | 2.2% | 2.9% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.6% | 6.7% | ||
| Q2 24 | 1.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.93× | 2.97× | ||
| Q3 25 | 25.34× | 0.72× | ||
| Q2 25 | — | 1.99× | ||
| Q1 25 | -4.36× | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
