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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
LifeStance Health Group, Inc. is the larger business by last-quarter revenue ($382.2M vs $242.1M, roughly 1.6× ONESPAWORLD HOLDINGS Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs 3.1%, a 1.9% gap on every dollar of revenue. On growth, LifeStance Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 11.5%). LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $14.9M). Over the past eight quarters, LifeStance Health Group, Inc.'s revenue compounded faster (12.8% CAGR vs 7.1%).
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.
LFST vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $242.1M |
| Net Profit | $11.7M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 4.7% | 6.8% |
| Net Margin | 3.1% | 5.0% |
| Revenue YoY | 17.4% | 11.5% |
| Net Profit YoY | 264.1% | -16.2% |
| EPS (diluted) | — | $0.12 |
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 | $382.2M | $242.1M | ||
| Q3 25 | $363.8M | $258.5M | ||
| Q2 25 | $345.3M | $240.7M | ||
| Q1 25 | $333.0M | $219.6M | ||
| Q4 24 | $325.5M | $217.2M | ||
| Q3 24 | $312.7M | $241.7M | ||
| Q2 24 | $312.3M | $224.9M | ||
| Q1 24 | $300.4M | $211.2M |
| Q4 25 | $11.7M | $12.1M | ||
| Q3 25 | $1.1M | $24.3M | ||
| Q2 25 | $-3.8M | $19.9M | ||
| Q1 25 | $709.0K | $15.3M | ||
| Q4 24 | $-7.1M | $14.4M | ||
| Q3 24 | $-6.0M | $21.6M | ||
| Q2 24 | $-23.3M | $15.8M | ||
| Q1 24 | $-21.1M | $21.2M |
| Q4 25 | 4.7% | 6.8% | ||
| Q3 25 | 2.0% | 10.2% | ||
| Q2 25 | -0.9% | 9.2% | ||
| Q1 25 | 0.5% | 7.7% | ||
| Q4 24 | 0.3% | 7.9% | ||
| Q3 24 | 0.0% | 10.3% | ||
| Q2 24 | -5.1% | 8.4% | ||
| Q1 24 | -5.6% | 8.0% |
| Q4 25 | 3.1% | 5.0% | ||
| Q3 25 | 0.3% | 9.4% | ||
| Q2 25 | -1.1% | 8.3% | ||
| Q1 25 | 0.2% | 7.0% | ||
| Q4 24 | -2.2% | 6.6% | ||
| Q3 24 | -1.9% | 8.9% | ||
| Q2 24 | -7.5% | 7.0% | ||
| Q1 24 | -7.0% | 10.0% |
| Q4 25 | — | $0.12 | ||
| Q3 25 | — | $0.23 | ||
| Q2 25 | — | $0.19 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.13 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.15 | ||
| Q1 24 | — | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | $282.8M | $84.0M |
| Stockholders' EquityBook value | $1.5B | $542.6M |
| Total Assets | $2.2B | $707.1M |
| Debt / EquityLower = less leverage | 0.19× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $248.6M | $16.3M | ||
| Q3 25 | $203.9M | $29.6M | ||
| Q2 25 | $188.9M | $35.0M | ||
| Q1 25 | $134.3M | $22.6M | ||
| Q4 24 | $154.6M | $57.4M | ||
| Q3 24 | $102.6M | $48.8M | ||
| Q2 24 | $87.0M | $62.5M | ||
| Q1 24 | $49.5M | $65.4M |
| Q4 25 | $282.8M | $84.0M | ||
| Q3 25 | $284.6M | $85.2M | ||
| Q2 25 | $286.4M | $96.2M | ||
| Q1 25 | $288.2M | $97.4M | ||
| Q4 24 | $290.0M | $98.6M | ||
| Q3 24 | $287.3M | $98.7M | ||
| Q2 24 | $288.0M | $123.8M | ||
| Q1 24 | $288.8M | $138.6M |
| Q4 25 | $1.5B | $542.6M | ||
| Q3 25 | $1.5B | $552.8M | ||
| Q2 25 | $1.5B | $548.3M | ||
| Q1 25 | $1.5B | $530.6M | ||
| Q4 24 | $1.4B | $554.5M | ||
| Q3 24 | $1.4B | $540.1M | ||
| Q2 24 | $1.4B | $532.7M | ||
| Q1 24 | $1.4B | $515.5M |
| Q4 25 | $2.2B | $707.1M | ||
| Q3 25 | $2.1B | $732.6M | ||
| Q2 25 | $2.1B | $731.8M | ||
| Q1 25 | $2.1B | $708.7M | ||
| Q4 24 | $2.1B | $746.4M | ||
| Q3 24 | $2.1B | $734.0M | ||
| Q2 24 | $2.1B | $756.8M | ||
| Q1 24 | $2.1B | $763.6M |
| Q4 25 | 0.19× | 0.15× | ||
| Q3 25 | 0.19× | 0.15× | ||
| Q2 25 | 0.19× | 0.18× | ||
| Q1 25 | 0.20× | 0.18× | ||
| Q4 24 | 0.20× | 0.18× | ||
| Q3 24 | 0.20× | 0.18× | ||
| Q2 24 | 0.20× | 0.23× | ||
| Q1 24 | 0.20× | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $46.6M | $14.9M |
| FCF MarginFCF / Revenue | 12.2% | 6.2% |
| Capex IntensityCapex / Revenue | 2.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 4.93× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.6M | $20.0M | ||
| Q3 25 | $27.3M | $33.2M | ||
| Q2 25 | $64.4M | $20.3M | ||
| Q1 25 | $-3.1M | $10.1M | ||
| Q4 24 | $62.3M | $16.6M | ||
| Q3 24 | $22.7M | $28.6M | ||
| Q2 24 | $44.1M | $18.7M | ||
| Q1 24 | $-21.8M | $15.0M |
| Q4 25 | $46.6M | $14.9M | ||
| Q3 25 | $17.0M | $27.6M | ||
| Q2 25 | $56.6M | $17.6M | ||
| Q1 25 | $-10.3M | $8.4M | ||
| Q4 24 | $56.0M | $13.2M | ||
| Q3 24 | $17.7M | $27.5M | ||
| Q2 24 | $39.0M | $17.6M | ||
| Q1 24 | $-26.9M | $13.7M |
| Q4 25 | 12.2% | 6.2% | ||
| Q3 25 | 4.7% | 10.7% | ||
| Q2 25 | 16.4% | 7.3% | ||
| Q1 25 | -3.1% | 3.8% | ||
| Q4 24 | 17.2% | 6.1% | ||
| Q3 24 | 5.7% | 11.4% | ||
| Q2 24 | 12.5% | 7.8% | ||
| Q1 24 | -9.0% | 6.5% |
| Q4 25 | 2.9% | 2.1% | ||
| Q3 25 | 2.8% | 2.2% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.2% | 0.8% | ||
| Q4 24 | 1.9% | 1.5% | ||
| Q3 24 | 1.6% | 0.5% | ||
| Q2 24 | 1.6% | 0.5% | ||
| Q1 24 | 1.7% | 0.6% |
| Q4 25 | 4.93× | 1.65× | ||
| Q3 25 | 25.34× | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | -4.36× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LFST
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
