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Side-by-side financial comparison of Lineage, Inc. (LINE) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $745.1M, roughly 1.8× Life Time Group Holdings, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs -7.3%, a 23.8% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (12.3% vs 3.1%). Lineage, Inc. produced more free cash flow last quarter ($35.0M vs $-64.6M).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
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.
LINE vs LTH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $745.1M |
| Net Profit | $-100.0M | $123.0M |
| Gross Margin | 32.3% | 49.1% |
| Operating Margin | 2.5% | 17.4% |
| Net Margin | -7.3% | 16.5% |
| Revenue YoY | 3.1% | 12.3% |
| Net Profit YoY | 79.4% | 231.0% |
| EPS (diluted) | $-0.44 | $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 | — | $745.1M | ||
| Q3 25 | $1.4B | $782.6M | ||
| Q2 25 | $1.4B | $761.5M | ||
| Q1 25 | $1.3B | $706.0M | ||
| Q4 24 | $1.3B | $663.3M | ||
| Q3 24 | $1.3B | $693.2M | ||
| Q2 24 | $1.3B | $667.8M | ||
| Q1 24 | $1.3B | $596.7M |
| Q4 25 | — | $123.0M | ||
| Q3 25 | $-100.0M | $102.4M | ||
| Q2 25 | $-6.0M | $72.1M | ||
| Q1 25 | $0 | $76.1M | ||
| Q4 24 | $-71.0M | $37.2M | ||
| Q3 24 | $-485.0M | $41.4M | ||
| Q2 24 | $-68.0M | $52.8M | ||
| Q1 24 | $-40.0M | $24.9M |
| Q4 25 | — | 49.1% | ||
| Q3 25 | 32.3% | 47.1% | ||
| Q2 25 | 31.9% | 47.0% | ||
| Q1 25 | 32.2% | 47.5% | ||
| Q4 24 | 32.3% | 48.2% | ||
| Q3 24 | 32.8% | 46.5% | ||
| Q2 24 | 33.4% | 46.8% | ||
| Q1 24 | 33.4% | 46.1% |
| Q4 25 | — | 17.4% | ||
| Q3 25 | 2.5% | 17.3% | ||
| Q2 25 | 1.7% | 14.2% | ||
| Q1 25 | 4.3% | 15.2% | ||
| Q4 24 | -1.6% | 13.1% | ||
| Q3 24 | -38.6% | 13.5% | ||
| Q2 24 | 5.5% | 15.7% | ||
| Q1 24 | 7.6% | 12.1% |
| Q4 25 | — | 16.5% | ||
| Q3 25 | -7.3% | 13.1% | ||
| Q2 25 | -0.4% | 9.5% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | -5.3% | 5.6% | ||
| Q3 24 | -36.3% | 6.0% | ||
| Q2 24 | -5.1% | 7.9% | ||
| Q1 24 | -3.0% | 4.2% |
| Q4 25 | — | $0.55 | ||
| Q3 25 | $-0.44 | $0.45 | ||
| Q2 25 | $-0.03 | $0.32 | ||
| Q1 25 | $0.01 | $0.34 | ||
| Q4 24 | $-0.52 | $0.17 | ||
| Q3 24 | $-2.44 | $0.19 | ||
| Q2 24 | $-0.46 | $0.26 | ||
| Q1 24 | $-0.28 | $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 | — | $204.8M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $8.4B | $3.1B |
| Total Assets | $19.2B | $8.0B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $204.8M | ||
| Q3 25 | — | $218.9M | ||
| Q2 25 | — | $175.5M | ||
| Q1 25 | — | $59.0M | ||
| Q4 24 | $173.0M | $10.9M | ||
| Q3 24 | $409.0M | $120.9M | ||
| Q2 24 | $73.0M | $34.5M | ||
| Q1 24 | — | $18.6M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | — | $3.1B | ||
| Q3 25 | $8.4B | $3.0B | ||
| Q2 25 | $8.6B | $2.9B | ||
| Q1 25 | $8.6B | $2.7B | ||
| Q4 24 | $8.6B | $2.6B | ||
| Q3 24 | $9.0B | $2.6B | ||
| Q2 24 | $4.9B | $2.4B | ||
| Q1 24 | $5.6B | $2.3B |
| Q4 25 | — | $8.0B | ||
| Q3 25 | $19.2B | $7.8B | ||
| Q2 25 | $19.4B | $7.6B | ||
| Q1 25 | $18.8B | $7.3B | ||
| Q4 24 | $18.7B | $7.2B | ||
| Q3 24 | $19.3B | $7.2B | ||
| Q2 24 | $18.8B | $7.1B | ||
| Q1 24 | — | $7.1B |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 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 | $230.0M | $239.9M |
| Free Cash FlowOCF − Capex | $35.0M | $-64.6M |
| FCF MarginFCF / Revenue | 2.5% | -8.7% |
| Capex IntensityCapex / Revenue | 14.2% | 40.9% |
| Cash ConversionOCF / Net Profit | — | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $239.9M | ||
| Q3 25 | $230.0M | $251.1M | ||
| Q2 25 | $258.0M | $195.7M | ||
| Q1 25 | $139.0M | $183.9M | ||
| Q4 24 | — | $163.1M | ||
| Q3 24 | $186.0M | $151.1M | ||
| Q2 24 | $155.0M | $170.4M | ||
| Q1 24 | $105.0M | $90.4M |
| Q4 25 | — | $-64.6M | ||
| Q3 25 | $35.0M | $28.6M | ||
| Q2 25 | $95.0M | $-26.3M | ||
| Q1 25 | $-12.0M | $41.4M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | $33.0M | $64.0M | ||
| Q2 24 | $-31.0M | $26.1M | ||
| Q1 24 | $-42.0M | $-66.4M |
| Q4 25 | — | -8.7% | ||
| Q3 25 | 2.5% | 3.7% | ||
| Q2 25 | 7.0% | -3.5% | ||
| Q1 25 | -0.9% | 5.9% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 2.5% | 9.2% | ||
| Q2 24 | -2.3% | 3.9% | ||
| Q1 24 | -3.2% | -11.1% |
| Q4 25 | — | 40.9% | ||
| Q3 25 | 14.2% | 28.4% | ||
| Q2 25 | 12.1% | 29.2% | ||
| Q1 25 | 11.7% | 20.2% | ||
| Q4 24 | — | 20.6% | ||
| Q3 24 | 11.5% | 12.6% | ||
| Q2 24 | 13.9% | 21.6% | ||
| Q1 24 | 11.1% | 26.3% |
| Q4 25 | — | 1.95× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | — | 2.71× | ||
| Q1 25 | — | 2.41× | ||
| Q4 24 | — | 4.39× | ||
| Q3 24 | — | 3.65× | ||
| Q2 24 | — | 3.23× | ||
| Q1 24 | — | 3.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
