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Side-by-side financial comparison of Life Time Group Holdings, Inc. (LTH) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $745.1M, roughly 1.2× Life Time Group Holdings, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs 3.1%, a 13.4% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (12.3% vs 9.2%). PATRICK INDUSTRIES INC produced more free cash flow last quarter ($112.7M vs $-64.6M). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% CAGR vs -0.5%).
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.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
LTH vs PATK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $745.1M | $924.2M |
| Net Profit | $123.0M | $29.1M |
| Gross Margin | 49.1% | 23.0% |
| Operating Margin | 17.4% | 6.2% |
| Net Margin | 16.5% | 3.1% |
| Revenue YoY | 12.3% | 9.2% |
| Net Profit YoY | 231.0% | 99.7% |
| EPS (diluted) | $0.55 | $0.82 |
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 | $924.2M | ||
| Q3 25 | $782.6M | $975.6M | ||
| Q2 25 | $761.5M | $1.0B | ||
| Q1 25 | $706.0M | $1.0B | ||
| Q4 24 | $663.3M | $846.1M | ||
| Q3 24 | $693.2M | $919.4M | ||
| Q2 24 | $667.8M | $1.0B | ||
| Q1 24 | $596.7M | $933.5M |
| Q4 25 | $123.0M | $29.1M | ||
| Q3 25 | $102.4M | $35.3M | ||
| Q2 25 | $72.1M | $32.4M | ||
| Q1 25 | $76.1M | $38.2M | ||
| Q4 24 | $37.2M | $14.6M | ||
| Q3 24 | $41.4M | $40.9M | ||
| Q2 24 | $52.8M | $47.9M | ||
| Q1 24 | $24.9M | $35.1M |
| Q4 25 | 49.1% | 23.0% | ||
| Q3 25 | 47.1% | 22.6% | ||
| Q2 25 | 47.0% | 23.9% | ||
| Q1 25 | 47.5% | 22.8% | ||
| Q4 24 | 48.2% | 22.1% | ||
| Q3 24 | 46.5% | 23.1% | ||
| Q2 24 | 46.8% | 22.8% | ||
| Q1 24 | 46.1% | 21.9% |
| Q4 25 | 17.4% | 6.2% | ||
| Q3 25 | 17.3% | 6.8% | ||
| Q2 25 | 14.2% | 8.3% | ||
| Q1 25 | 15.2% | 6.5% | ||
| Q4 24 | 13.1% | 4.7% | ||
| Q3 24 | 13.5% | 8.1% | ||
| Q2 24 | 15.7% | 8.3% | ||
| Q1 24 | 12.1% | 6.4% |
| Q4 25 | 16.5% | 3.1% | ||
| Q3 25 | 13.1% | 3.6% | ||
| Q2 25 | 9.5% | 3.1% | ||
| Q1 25 | 10.8% | 3.8% | ||
| Q4 24 | 5.6% | 1.7% | ||
| Q3 24 | 6.0% | 4.4% | ||
| Q2 24 | 7.9% | 4.7% | ||
| Q1 24 | 4.2% | 3.8% |
| Q4 25 | $0.55 | $0.82 | ||
| Q3 25 | $0.45 | $1.01 | ||
| Q2 25 | $0.32 | $0.96 | ||
| Q1 25 | $0.34 | $1.11 | ||
| Q4 24 | $0.17 | $-1.44 | ||
| Q3 24 | $0.19 | $1.80 | ||
| Q2 24 | $0.26 | $2.16 | ||
| Q1 24 | $0.12 | $1.59 |
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 | $26.4M |
| Total DebtLower is stronger | $1.5B | $1.3B |
| Stockholders' EquityBook value | $3.1B | $1.2B |
| Total Assets | $8.0B | $3.1B |
| Debt / EquityLower = less leverage | 0.48× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.8M | $26.4M | ||
| Q3 25 | $218.9M | $20.7M | ||
| Q2 25 | $175.5M | $22.0M | ||
| Q1 25 | $59.0M | $86.6M | ||
| Q4 24 | $10.9M | $33.6M | ||
| Q3 24 | $120.9M | $52.6M | ||
| Q2 24 | $34.5M | $44.0M | ||
| Q1 24 | $18.6M | $17.6M |
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $2.0B | — |
| Q4 25 | $3.1B | $1.2B | ||
| Q3 25 | $3.0B | $1.2B | ||
| Q2 25 | $2.9B | $1.1B | ||
| Q1 25 | $2.7B | $1.1B | ||
| Q4 24 | $2.6B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.3B | $1.1B |
| Q4 25 | $8.0B | $3.1B | ||
| Q3 25 | $7.8B | $3.1B | ||
| Q2 25 | $7.6B | $3.1B | ||
| Q1 25 | $7.3B | $3.2B | ||
| Q4 24 | $7.2B | $3.0B | ||
| Q3 24 | $7.2B | $3.1B | ||
| Q2 24 | $7.1B | $3.0B | ||
| Q1 24 | $7.1B | $3.0B |
| Q4 25 | 0.48× | 1.10× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.59× | 1.18× | ||
| 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 | $130.8M |
| Free Cash FlowOCF − Capex | $-64.6M | $112.7M |
| FCF MarginFCF / Revenue | -8.7% | 12.2% |
| Capex IntensityCapex / Revenue | 40.9% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.95× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.0M | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $239.9M | $130.8M | ||
| Q3 25 | $251.1M | $9.1M | ||
| Q2 25 | $195.7M | $149.4M | ||
| Q1 25 | $183.9M | $40.1M | ||
| Q4 24 | $163.1M | $102.7M | ||
| Q3 24 | $151.1M | $51.5M | ||
| Q2 24 | $170.4M | $137.5M | ||
| Q1 24 | $90.4M | $35.2M |
| Q4 25 | $-64.6M | $112.7M | ||
| Q3 25 | $28.6M | $-17.2M | ||
| Q2 25 | $-26.3M | $131.1M | ||
| Q1 25 | $41.4M | $19.9M | ||
| Q4 24 | $26.8M | $77.2M | ||
| Q3 24 | $64.0M | $33.7M | ||
| Q2 24 | $26.1M | $120.6M | ||
| Q1 24 | $-66.4M | $19.7M |
| Q4 25 | -8.7% | 12.2% | ||
| Q3 25 | 3.7% | -1.8% | ||
| Q2 25 | -3.5% | 12.5% | ||
| Q1 25 | 5.9% | 2.0% | ||
| Q4 24 | 4.0% | 9.1% | ||
| Q3 24 | 9.2% | 3.7% | ||
| Q2 24 | 3.9% | 11.9% | ||
| Q1 24 | -11.1% | 2.1% |
| Q4 25 | 40.9% | 2.0% | ||
| Q3 25 | 28.4% | 2.7% | ||
| Q2 25 | 29.2% | 1.7% | ||
| Q1 25 | 20.2% | 2.0% | ||
| Q4 24 | 20.6% | 3.0% | ||
| Q3 24 | 12.6% | 1.9% | ||
| Q2 24 | 21.6% | 1.7% | ||
| Q1 24 | 26.3% | 1.7% |
| Q4 25 | 1.95× | 4.50× | ||
| Q3 25 | 2.45× | 0.26× | ||
| Q2 25 | 2.71× | 4.61× | ||
| Q1 25 | 2.41× | 1.05× | ||
| Q4 24 | 4.39× | 7.05× | ||
| Q3 24 | 3.65× | 1.26× | ||
| Q2 24 | 3.23× | 2.87× | ||
| Q1 24 | 3.63× | 1.00× |
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% |
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
