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Side-by-side financial comparison of Life Time Group Holdings, Inc. (LTH) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.

PACS Group, 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 4.4%, a 12.1% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 12.3%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% 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.

LTH vs PACS — Head-to-Head

Bigger by revenue
PACS
PACS
1.8× larger
PACS
$1.4B
$745.1M
LTH
Growing faster (revenue YoY)
PACS
PACS
+6.1% gap
PACS
18.4%
12.3%
LTH
Higher net margin
LTH
LTH
12.1% more per $
LTH
16.5%
4.4%
PACS
Faster 2-yr revenue CAGR
PACS
PACS
Annualised
PACS
20.5%
11.7%
LTH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LTH
LTH
PACS
PACS
Revenue
$745.1M
$1.4B
Net Profit
$123.0M
$59.7M
Gross Margin
49.1%
Operating Margin
17.4%
7.0%
Net Margin
16.5%
4.4%
Revenue YoY
12.3%
18.4%
Net Profit YoY
231.0%
3022.5%
EPS (diluted)
$0.55
$0.42

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.

Revenue
LTH
LTH
PACS
PACS
Q4 25
$745.1M
$1.4B
Q3 25
$782.6M
$1.3B
Q2 25
$761.5M
$1.3B
Q1 25
$706.0M
$1.3B
Q4 24
$663.3M
$1.1B
Q3 24
$693.2M
$1.0B
Q2 24
$667.8M
$981.4M
Q1 24
$596.7M
$934.3M
Net Profit
LTH
LTH
PACS
PACS
Q4 25
$123.0M
$59.7M
Q3 25
$102.4M
$52.4M
Q2 25
$72.1M
$51.0M
Q1 25
$76.1M
$28.5M
Q4 24
$37.2M
$1.9M
Q3 24
$41.4M
$15.6M
Q2 24
$52.8M
$-10.9M
Q1 24
$24.9M
$49.1M
Gross Margin
LTH
LTH
PACS
PACS
Q4 25
49.1%
Q3 25
47.1%
Q2 25
47.0%
Q1 25
47.5%
Q4 24
48.2%
Q3 24
46.5%
17.1%
Q2 24
46.8%
22.3%
Q1 24
46.1%
21.2%
Operating Margin
LTH
LTH
PACS
PACS
Q4 25
17.4%
7.0%
Q3 25
17.3%
6.4%
Q2 25
14.2%
6.2%
Q1 25
15.2%
3.8%
Q4 24
13.1%
1.7%
Q3 24
13.5%
2.2%
Q2 24
15.7%
0.1%
Q1 24
12.1%
8.6%
Net Margin
LTH
LTH
PACS
PACS
Q4 25
16.5%
4.4%
Q3 25
13.1%
3.9%
Q2 25
9.5%
3.9%
Q1 25
10.8%
2.2%
Q4 24
5.6%
0.2%
Q3 24
6.0%
1.5%
Q2 24
7.9%
-1.1%
Q1 24
4.2%
5.3%
EPS (diluted)
LTH
LTH
PACS
PACS
Q4 25
$0.55
$0.42
Q3 25
$0.45
$0.32
Q2 25
$0.32
$0.31
Q1 25
$0.34
$0.17
Q4 24
$0.17
$-0.03
Q3 24
$0.19
$0.10
Q2 24
$0.26
$-0.07
Q1 24
$0.12
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LTH
LTH
PACS
PACS
Cash + ST InvestmentsLiquidity on hand
$204.8M
$197.0M
Total DebtLower is stronger
$1.5B
$353.2M
Stockholders' EquityBook value
$3.1B
$946.8M
Total Assets
$8.0B
$5.6B
Debt / EquityLower = less leverage
0.48×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTH
LTH
PACS
PACS
Q4 25
$204.8M
$197.0M
Q3 25
$218.9M
$355.7M
Q2 25
$175.5M
$294.2M
Q1 25
$59.0M
$287.5M
Q4 24
$10.9M
$157.7M
Q3 24
$120.9M
$49.5M
Q2 24
$34.5M
$73.4M
Q1 24
$18.6M
$81.2M
Total Debt
LTH
LTH
PACS
PACS
Q4 25
$1.5B
$353.2M
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
$411.9M
Q3 24
$1.7B
Q2 24
$1.8B
Q1 24
$2.0B
Stockholders' Equity
LTH
LTH
PACS
PACS
Q4 25
$3.1B
$946.8M
Q3 25
$3.0B
$871.3M
Q2 25
$2.9B
$806.8M
Q1 25
$2.7B
$750.2M
Q4 24
$2.6B
$709.6M
Q3 24
$2.6B
$660.0M
Q2 24
$2.4B
$572.1M
Q1 24
$2.3B
$128.0M
Total Assets
LTH
LTH
PACS
PACS
Q4 25
$8.0B
$5.6B
Q3 25
$7.8B
$5.6B
Q2 25
$7.6B
$5.5B
Q1 25
$7.3B
$5.5B
Q4 24
$7.2B
$5.2B
Q3 24
$7.2B
$4.5B
Q2 24
$7.1B
$3.9B
Q1 24
$7.1B
$3.9B
Debt / Equity
LTH
LTH
PACS
PACS
Q4 25
0.48×
0.37×
Q3 25
0.51×
Q2 25
0.53×
Q1 25
0.56×
Q4 24
0.59×
0.58×
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
LTH
LTH
PACS
PACS
Operating Cash FlowLast quarter
$239.9M
$-3.4M
Free Cash FlowOCF − Capex
$-64.6M
FCF MarginFCF / Revenue
-8.7%
Capex IntensityCapex / Revenue
40.9%
Cash ConversionOCF / Net Profit
1.95×
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$-21.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTH
LTH
PACS
PACS
Q4 25
$239.9M
$-3.4M
Q3 25
$251.1M
$204.8M
Q2 25
$195.7M
$52.6M
Q1 25
$183.9M
$150.2M
Q4 24
$163.1M
$64.6M
Q3 24
$151.1M
$209.2M
Q2 24
$170.4M
$34.8M
Q1 24
$90.4M
$58.8M
Free Cash Flow
LTH
LTH
PACS
PACS
Q4 25
$-64.6M
Q3 25
$28.6M
Q2 25
$-26.3M
Q1 25
$41.4M
Q4 24
$26.8M
Q3 24
$64.0M
Q2 24
$26.1M
Q1 24
$-66.4M
FCF Margin
LTH
LTH
PACS
PACS
Q4 25
-8.7%
Q3 25
3.7%
Q2 25
-3.5%
Q1 25
5.9%
Q4 24
4.0%
Q3 24
9.2%
Q2 24
3.9%
Q1 24
-11.1%
Capex Intensity
LTH
LTH
PACS
PACS
Q4 25
40.9%
Q3 25
28.4%
Q2 25
29.2%
Q1 25
20.2%
Q4 24
20.6%
Q3 24
12.6%
Q2 24
21.6%
Q1 24
26.3%
Cash Conversion
LTH
LTH
PACS
PACS
Q4 25
1.95×
-0.06×
Q3 25
2.45×
3.91×
Q2 25
2.71×
1.03×
Q1 25
2.41×
5.28×
Q4 24
4.39×
33.78×
Q3 24
3.65×
13.39×
Q2 24
3.23×
Q1 24
3.63×
1.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LTH
LTH

Membership$535.1M72%
In Center$191.2M26%
Other$18.8M3%

PACS
PACS

Segment breakdown not available.

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