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Side-by-side financial comparison of Life Time Group Holdings, Inc. (LTH) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Life Time Group Holdings, Inc. is the larger business by last-quarter revenue ($745.1M vs $614.5M, roughly 1.2× Cloudflare, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs -2.0%, a 18.5% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 12.3%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $-64.6M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 11.7%).
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.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
LTH vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $745.1M | $614.5M |
| Net Profit | $123.0M | $-12.1M |
| Gross Margin | 49.1% | 73.6% |
| Operating Margin | 17.4% | -8.0% |
| Net Margin | 16.5% | -2.0% |
| Revenue YoY | 12.3% | 33.6% |
| Net Profit YoY | 231.0% | 6.0% |
| EPS (diluted) | $0.55 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $782.6M | $562.0M | ||
| Q2 25 | $761.5M | $512.3M | ||
| Q1 25 | $706.0M | $479.1M | ||
| Q4 24 | $663.3M | $459.9M | ||
| Q3 24 | $693.2M | $430.1M | ||
| Q2 24 | $667.8M | $401.0M | ||
| Q1 24 | $596.7M | $378.6M |
| Q4 25 | $123.0M | $-12.1M | ||
| Q3 25 | $102.4M | $-1.3M | ||
| Q2 25 | $72.1M | $-50.4M | ||
| Q1 25 | $76.1M | $-38.5M | ||
| Q4 24 | $37.2M | $-12.8M | ||
| Q3 24 | $41.4M | $-15.3M | ||
| Q2 24 | $52.8M | $-15.1M | ||
| Q1 24 | $24.9M | $-35.5M |
| Q4 25 | 49.1% | 73.6% | ||
| Q3 25 | 47.1% | 74.0% | ||
| Q2 25 | 47.0% | 74.9% | ||
| Q1 25 | 47.5% | 75.9% | ||
| Q4 24 | 48.2% | 76.4% | ||
| Q3 24 | 46.5% | 77.7% | ||
| Q2 24 | 46.8% | 77.8% | ||
| Q1 24 | 46.1% | 77.5% |
| Q4 25 | 17.4% | -8.0% | ||
| Q3 25 | 17.3% | -6.7% | ||
| Q2 25 | 14.2% | -13.1% | ||
| Q1 25 | 15.2% | -11.1% | ||
| Q4 24 | 13.1% | -7.5% | ||
| Q3 24 | 13.5% | -7.2% | ||
| Q2 24 | 15.7% | -8.7% | ||
| Q1 24 | 12.1% | -14.4% |
| Q4 25 | 16.5% | -2.0% | ||
| Q3 25 | 13.1% | -0.2% | ||
| Q2 25 | 9.5% | -9.8% | ||
| Q1 25 | 10.8% | -8.0% | ||
| Q4 24 | 5.6% | -2.8% | ||
| Q3 24 | 6.0% | -3.6% | ||
| Q2 24 | 7.9% | -3.8% | ||
| Q1 24 | 4.2% | -9.4% |
| Q4 25 | $0.55 | $-0.03 | ||
| Q3 25 | $0.45 | $0.00 | ||
| Q2 25 | $0.32 | $-0.15 | ||
| Q1 25 | $0.34 | $-0.11 | ||
| Q4 24 | $0.17 | $-0.05 | ||
| Q3 24 | $0.19 | $-0.04 | ||
| Q2 24 | $0.26 | $-0.04 | ||
| Q1 24 | $0.12 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | $1.5B | — |
| Stockholders' EquityBook value | $3.1B | $1.5B |
| Total Assets | $8.0B | $6.0B |
| Debt / EquityLower = less leverage | 0.48× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.8M | $943.5M | ||
| Q3 25 | $218.9M | $1.1B | ||
| Q2 25 | $175.5M | $1.5B | ||
| Q1 25 | $59.0M | $204.5M | ||
| Q4 24 | $10.9M | $147.7M | ||
| Q3 24 | $120.9M | $182.9M | ||
| Q2 24 | $34.5M | $157.0M | ||
| Q1 24 | $18.6M | $254.4M |
| 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 | $1.5B | ||
| Q3 25 | $3.0B | $1.3B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | $2.7B | $1.4B | ||
| Q4 24 | $2.6B | $1.0B | ||
| Q3 24 | $2.6B | $973.1M | ||
| Q2 24 | $2.4B | $881.5M | ||
| Q1 24 | $2.3B | $797.2M |
| Q4 25 | $8.0B | $6.0B | ||
| Q3 25 | $7.8B | $5.8B | ||
| Q2 25 | $7.6B | $5.6B | ||
| Q1 25 | $7.3B | $3.7B | ||
| Q4 24 | $7.2B | $3.3B | ||
| Q3 24 | $7.2B | $3.1B | ||
| Q2 24 | $7.1B | $2.9B | ||
| Q1 24 | $7.1B | $2.8B |
| 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 | $239.9M | $190.4M |
| Free Cash FlowOCF − Capex | $-64.6M | $105.2M |
| FCF MarginFCF / Revenue | -8.7% | 17.1% |
| Capex IntensityCapex / Revenue | 40.9% | 13.9% |
| Cash ConversionOCF / Net Profit | 1.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.0M | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $239.9M | $190.4M | ||
| Q3 25 | $251.1M | $167.1M | ||
| Q2 25 | $195.7M | $99.8M | ||
| Q1 25 | $183.9M | $145.8M | ||
| Q4 24 | $163.1M | $127.3M | ||
| Q3 24 | $151.1M | $104.7M | ||
| Q2 24 | $170.4M | $74.8M | ||
| Q1 24 | $90.4M | $73.6M |
| Q4 25 | $-64.6M | $105.2M | ||
| Q3 25 | $28.6M | $82.5M | ||
| Q2 25 | $-26.3M | $39.9M | ||
| Q1 25 | $41.4M | $59.9M | ||
| Q4 24 | $26.8M | $54.2M | ||
| Q3 24 | $64.0M | $54.5M | ||
| Q2 24 | $26.1M | $45.2M | ||
| Q1 24 | $-66.4M | $41.5M |
| Q4 25 | -8.7% | 17.1% | ||
| Q3 25 | 3.7% | 14.7% | ||
| Q2 25 | -3.5% | 7.8% | ||
| Q1 25 | 5.9% | 12.5% | ||
| Q4 24 | 4.0% | 11.8% | ||
| Q3 24 | 9.2% | 12.7% | ||
| Q2 24 | 3.9% | 11.3% | ||
| Q1 24 | -11.1% | 11.0% |
| Q4 25 | 40.9% | 13.9% | ||
| Q3 25 | 28.4% | 15.1% | ||
| Q2 25 | 29.2% | 11.7% | ||
| Q1 25 | 20.2% | 17.9% | ||
| Q4 24 | 20.6% | 15.9% | ||
| Q3 24 | 12.6% | 11.7% | ||
| Q2 24 | 21.6% | 7.4% | ||
| Q1 24 | 26.3% | 8.5% |
| 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
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
