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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and Palomar Holdings, Inc. (PLMR). 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 $253.4M, roughly 1.5× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 17.4%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $46.6M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
LFST vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $253.4M |
| Net Profit | $11.7M | — |
| Gross Margin | — | — |
| Operating Margin | 4.7% | 28.7% |
| Net Margin | 3.1% | — |
| Revenue YoY | 17.4% | 62.7% |
| Net Profit YoY | 264.1% | — |
| EPS (diluted) | — | $2.05 |
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 | $253.4M | ||
| Q3 25 | $363.8M | $244.7M | ||
| Q2 25 | $345.3M | $203.3M | ||
| Q1 25 | $333.0M | $174.6M | ||
| Q4 24 | $325.5M | $155.8M | ||
| Q3 24 | $312.7M | $148.5M | ||
| Q2 24 | $312.3M | $131.1M | ||
| Q1 24 | $300.4M | $118.5M |
| Q4 25 | $11.7M | — | ||
| Q3 25 | $1.1M | $51.5M | ||
| Q2 25 | $-3.8M | $46.5M | ||
| Q1 25 | $709.0K | $42.9M | ||
| Q4 24 | $-7.1M | — | ||
| Q3 24 | $-6.0M | $30.5M | ||
| Q2 24 | $-23.3M | $25.7M | ||
| Q1 24 | $-21.1M | $26.4M |
| Q4 25 | 4.7% | 28.7% | ||
| Q3 25 | 2.0% | 27.4% | ||
| Q2 25 | -0.9% | 29.5% | ||
| Q1 25 | 0.5% | 30.8% | ||
| Q4 24 | 0.3% | 28.9% | ||
| Q3 24 | 0.0% | 25.9% | ||
| Q2 24 | -5.1% | 25.5% | ||
| Q1 24 | -5.6% | 29.0% |
| Q4 25 | 3.1% | — | ||
| Q3 25 | 0.3% | 21.0% | ||
| Q2 25 | -1.1% | 22.9% | ||
| Q1 25 | 0.2% | 24.6% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -1.9% | 20.5% | ||
| Q2 24 | -7.5% | 19.6% | ||
| Q1 24 | -7.0% | 22.3% |
| Q4 25 | — | $2.05 | ||
| Q3 25 | — | $1.87 | ||
| Q2 25 | — | $1.68 | ||
| Q1 25 | — | $1.57 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | — | $1.15 | ||
| Q2 24 | — | $1.00 | ||
| Q1 24 | — | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | $282.8M | — |
| Stockholders' EquityBook value | $1.5B | $942.7M |
| Total Assets | $2.2B | $3.1B |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $248.6M | $106.9M | ||
| Q3 25 | $203.9M | $111.7M | ||
| Q2 25 | $188.9M | $81.3M | ||
| Q1 25 | $134.3M | $119.3M | ||
| Q4 24 | $154.6M | $80.4M | ||
| Q3 24 | $102.6M | $86.5M | ||
| Q2 24 | $87.0M | $47.8M | ||
| Q1 24 | $49.5M | $61.4M |
| Q4 25 | $282.8M | — | ||
| Q3 25 | $284.6M | — | ||
| Q2 25 | $286.4M | — | ||
| Q1 25 | $288.2M | — | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $287.3M | — | ||
| Q2 24 | $288.0M | — | ||
| Q1 24 | $288.8M | — |
| Q4 25 | $1.5B | $942.7M | ||
| Q3 25 | $1.5B | $878.1M | ||
| Q2 25 | $1.5B | $847.2M | ||
| Q1 25 | $1.5B | $790.4M | ||
| Q4 24 | $1.4B | $729.0M | ||
| Q3 24 | $1.4B | $703.3M | ||
| Q2 24 | $1.4B | $532.6M | ||
| Q1 24 | $1.4B | $501.7M |
| Q4 25 | $2.2B | $3.1B | ||
| Q3 25 | $2.1B | $2.9B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $2.1B | $2.3B | ||
| Q3 24 | $2.1B | $2.3B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $2.1B | $1.9B |
| 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 | $57.6M | $409.1M |
| Free Cash FlowOCF − Capex | $46.6M | $409.0M |
| FCF MarginFCF / Revenue | 12.2% | 161.4% |
| Capex IntensityCapex / Revenue | 2.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 4.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.6M | $409.1M | ||
| Q3 25 | $27.3M | $83.6M | ||
| Q2 25 | $64.4M | $120.9M | ||
| Q1 25 | $-3.1M | $87.2M | ||
| Q4 24 | $62.3M | $261.2M | ||
| Q3 24 | $22.7M | $100.3M | ||
| Q2 24 | $44.1M | $55.1M | ||
| Q1 24 | $-21.8M | $33.1M |
| Q4 25 | $46.6M | $409.0M | ||
| Q3 25 | $17.0M | $83.6M | ||
| Q2 25 | $56.6M | $120.8M | ||
| Q1 25 | $-10.3M | $87.1M | ||
| Q4 24 | $56.0M | $260.9M | ||
| Q3 24 | $17.7M | $100.1M | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $-26.9M | — |
| Q4 25 | 12.2% | 161.4% | ||
| Q3 25 | 4.7% | 34.2% | ||
| Q2 25 | 16.4% | 59.4% | ||
| Q1 25 | -3.1% | 49.9% | ||
| Q4 24 | 17.2% | 167.5% | ||
| Q3 24 | 5.7% | 67.4% | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | -9.0% | — |
| Q4 25 | 2.9% | 0.1% | ||
| Q3 25 | 2.8% | 0.0% | ||
| Q2 25 | 2.2% | 0.0% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | 1.9% | 0.2% | ||
| Q3 24 | 1.6% | 0.1% | ||
| Q2 24 | 1.6% | 0.0% | ||
| Q1 24 | 1.7% | 0.0% |
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | 1.63× | ||
| Q2 25 | — | 2.60× | ||
| Q1 25 | -4.36× | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
