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Side-by-side financial comparison of LifeStance Health Group, Inc. (LFST) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $382.2M, roughly 1.3× LifeStance Health Group, Inc.). LifeStance Health Group, Inc. runs the higher net margin — 3.1% vs -9.3%, a 12.3% gap on every dollar of revenue. LifeStance Health Group, Inc. produced more free cash flow last quarter ($46.6M vs $37.1M).
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 TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $382.2M | $508.3M |
| Net Profit | $11.7M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | 4.7% | -3.8% |
| Net Margin | 3.1% | -9.3% |
| Revenue YoY | 17.4% | — |
| Net Profit YoY | 264.1% | — |
| 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.
| Q4 25 | $382.2M | $508.3M | ||
| Q3 25 | $363.8M | $473.9M | ||
| Q2 25 | $345.3M | $313.9M | ||
| Q1 25 | $333.0M | $234.2M | ||
| Q4 24 | $325.5M | — | ||
| Q3 24 | $312.7M | — | ||
| Q2 24 | $312.3M | — | ||
| Q1 24 | $300.4M | — |
| Q4 25 | $11.7M | $-47.2M | ||
| Q3 25 | $1.1M | $-13.9M | ||
| Q2 25 | $-3.8M | $-233.0K | ||
| Q1 25 | $709.0K | $-25.8M | ||
| Q4 24 | $-7.1M | — | ||
| Q3 24 | $-6.0M | — | ||
| Q2 24 | $-23.3M | — | ||
| Q1 24 | $-21.1M | — |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.7% | -3.8% | ||
| Q3 25 | 2.0% | -1.4% | ||
| Q2 25 | -0.9% | 5.8% | ||
| Q1 25 | 0.5% | -4.0% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | -5.1% | — | ||
| Q1 24 | -5.6% | — |
| Q4 25 | 3.1% | -9.3% | ||
| Q3 25 | 0.3% | -2.9% | ||
| Q2 25 | -1.1% | -0.1% | ||
| Q1 25 | 0.2% | -11.0% | ||
| Q4 24 | -2.2% | — | ||
| Q3 24 | -1.9% | — | ||
| Q2 24 | -7.5% | — | ||
| Q1 24 | -7.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $439.5M |
| Total DebtLower is stronger | $282.8M | $1.6B |
| Stockholders' EquityBook value | $1.5B | $2.2B |
| Total Assets | $2.2B | $4.4B |
| Debt / EquityLower = less leverage | 0.19× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $248.6M | $439.5M | ||
| Q3 25 | $203.9M | $164.4M | ||
| Q2 25 | $188.9M | $130.1M | ||
| Q1 25 | $134.3M | $155.7M | ||
| Q4 24 | $154.6M | — | ||
| Q3 24 | $102.6M | — | ||
| Q2 24 | $87.0M | — | ||
| Q1 24 | $49.5M | — |
| Q4 25 | $282.8M | $1.6B | ||
| Q3 25 | $284.6M | $1.6B | ||
| Q2 25 | $286.4M | $751.3M | ||
| Q1 25 | $288.2M | $752.4M | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $287.3M | — | ||
| Q2 24 | $288.0M | — | ||
| Q1 24 | $288.8M | — |
| Q4 25 | $1.5B | $2.2B | ||
| Q3 25 | $1.5B | $2.0B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $2.2B | $4.4B | ||
| Q3 25 | $2.1B | $4.2B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $2.2B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.1B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | 0.19× | 0.74× | ||
| Q3 25 | 0.19× | 0.83× | ||
| Q2 25 | 0.19× | 0.64× | ||
| Q1 25 | 0.20× | 0.67× | ||
| 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 | $49.7M |
| Free Cash FlowOCF − Capex | $46.6M | $37.1M |
| FCF MarginFCF / Revenue | 12.2% | 7.3% |
| Capex IntensityCapex / Revenue | 2.9% | 2.5% |
| Cash ConversionOCF / Net Profit | 4.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.0M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.6M | $49.7M | ||
| Q3 25 | $27.3M | $19.0M | ||
| Q2 25 | $64.4M | $-6.5M | ||
| Q1 25 | $-3.1M | $32.8M | ||
| Q4 24 | $62.3M | — | ||
| Q3 24 | $22.7M | — | ||
| Q2 24 | $44.1M | — | ||
| Q1 24 | $-21.8M | — |
| Q4 25 | $46.6M | $37.1M | ||
| Q3 25 | $17.0M | $10.3M | ||
| Q2 25 | $56.6M | $-14.5M | ||
| Q1 25 | $-10.3M | $28.3M | ||
| Q4 24 | $56.0M | — | ||
| Q3 24 | $17.7M | — | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $-26.9M | — |
| Q4 25 | 12.2% | 7.3% | ||
| Q3 25 | 4.7% | 2.2% | ||
| Q2 25 | 16.4% | -4.6% | ||
| Q1 25 | -3.1% | 12.1% | ||
| Q4 24 | 17.2% | — | ||
| Q3 24 | 5.7% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | -9.0% | — |
| Q4 25 | 2.9% | 2.5% | ||
| Q3 25 | 2.8% | 1.8% | ||
| Q2 25 | 2.2% | 2.6% | ||
| Q1 25 | 2.2% | 1.9% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | 4.93× | — | ||
| Q3 25 | 25.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LFST
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
