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Side-by-side financial comparison of Life Time Group Holdings, Inc. (LTH) and Public Storage (PSA). Click either name above to swap in a different company.
Public Storage is the larger business by last-quarter revenue ($1.2B vs $745.1M, roughly 1.6× Life Time Group Holdings, Inc.). Public Storage runs the higher net margin — 41.7% vs 16.5%, a 25.2% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (12.3% vs 3.3%). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% CAGR vs 2.5%).
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.
Public Storage, headquartered in Glendale, California, is a real estate investment trust that invests in self storage. It is the largest brand of self-storage services in the US and owns approximately 9% of the self storage square footage in the U.S. As of December 31, 2024, the company operated 3,073 self-storage facilities containing an aggregate of 221 million net rentable square feet of space.
LTH vs PSA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $745.1M | $1.2B |
| Net Profit | $123.0M | $507.1M |
| Gross Margin | 49.1% | — |
| Operating Margin | 17.4% | 40.7% |
| Net Margin | 16.5% | 41.7% |
| Revenue YoY | 12.3% | 3.3% |
| Net Profit YoY | 231.0% | -17.5% |
| EPS (diluted) | $0.55 | $2.59 |
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 | $1.2B | ||
| Q3 25 | $782.6M | $1.2B | ||
| Q2 25 | $761.5M | $1.2B | ||
| Q1 25 | $706.0M | $1.2B | ||
| Q4 24 | $663.3M | $1.2B | ||
| Q3 24 | $693.2M | $1.2B | ||
| Q2 24 | $667.8M | $1.2B | ||
| Q1 24 | $596.7M | $1.2B |
| Q4 25 | $123.0M | $507.1M | ||
| Q3 25 | $102.4M | $511.1M | ||
| Q2 25 | $72.1M | $358.4M | ||
| Q1 25 | $76.1M | $407.8M | ||
| Q4 24 | $37.2M | $614.6M | ||
| Q3 24 | $41.4M | $430.3M | ||
| Q2 24 | $52.8M | $518.1M | ||
| Q1 24 | $24.9M | $508.9M |
| Q4 25 | 49.1% | — | ||
| Q3 25 | 47.1% | — | ||
| Q2 25 | 47.0% | — | ||
| Q1 25 | 47.5% | — | ||
| Q4 24 | 48.2% | — | ||
| Q3 24 | 46.5% | — | ||
| Q2 24 | 46.8% | — | ||
| Q1 24 | 46.1% | — |
| Q4 25 | 17.4% | 40.7% | ||
| Q3 25 | 17.3% | 42.3% | ||
| Q2 25 | 14.2% | 30.4% | ||
| Q1 25 | 15.2% | 34.8% | ||
| Q4 24 | 13.1% | 52.4% | ||
| Q3 24 | 13.5% | 36.7% | ||
| Q2 24 | 15.7% | 44.6% | ||
| Q1 24 | 12.1% | 44.3% |
| Q4 25 | 16.5% | 41.7% | ||
| Q3 25 | 13.1% | 41.8% | ||
| Q2 25 | 9.5% | 29.8% | ||
| Q1 25 | 10.8% | 34.5% | ||
| Q4 24 | 5.6% | 52.2% | ||
| Q3 24 | 6.0% | 36.2% | ||
| Q2 24 | 7.9% | 44.2% | ||
| Q1 24 | 4.2% | 44.0% |
| Q4 25 | $0.55 | $2.59 | ||
| Q3 25 | $0.45 | $2.62 | ||
| Q2 25 | $0.32 | $1.76 | ||
| Q1 25 | $0.34 | $2.04 | ||
| Q4 24 | $0.17 | $3.22 | ||
| Q3 24 | $0.19 | $2.16 | ||
| Q2 24 | $0.26 | $2.66 | ||
| Q1 24 | $0.12 | $2.60 |
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 | $318.1M |
| Total DebtLower is stronger | $1.5B | $10.3B |
| Stockholders' EquityBook value | $3.1B | $9.2B |
| Total Assets | $8.0B | $20.2B |
| Debt / EquityLower = less leverage | 0.48× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.8M | $318.1M | ||
| Q3 25 | $218.9M | $296.5M | ||
| Q2 25 | $175.5M | $1.1B | ||
| Q1 25 | $59.0M | $287.2M | ||
| Q4 24 | $10.9M | $447.4M | ||
| Q3 24 | $120.9M | $599.0M | ||
| Q2 24 | $34.5M | $542.3M | ||
| Q1 24 | $18.6M | $271.6M |
| Q4 25 | $1.5B | $10.3B | ||
| Q3 25 | $1.5B | $10.0B | ||
| Q2 25 | $1.5B | $10.4B | ||
| Q1 25 | $1.5B | $9.4B | ||
| Q4 24 | $1.5B | $9.4B | ||
| Q3 24 | $1.7B | $9.5B | ||
| Q2 24 | $1.8B | $9.4B | ||
| Q1 24 | $2.0B | $9.1B |
| Q4 25 | $3.1B | $9.2B | ||
| Q3 25 | $3.0B | $9.3B | ||
| Q2 25 | $2.9B | $9.4B | ||
| Q1 25 | $2.7B | $9.6B | ||
| Q4 24 | $2.6B | $9.7B | ||
| Q3 24 | $2.6B | $9.6B | ||
| Q2 24 | $2.4B | $9.7B | ||
| Q1 24 | $2.3B | $9.9B |
| Q4 25 | $8.0B | $20.2B | ||
| Q3 25 | $7.8B | $20.1B | ||
| Q2 25 | $7.6B | $20.5B | ||
| Q1 25 | $7.3B | $19.6B | ||
| Q4 24 | $7.2B | $19.8B | ||
| Q3 24 | $7.2B | $19.8B | ||
| Q2 24 | $7.1B | $19.8B | ||
| Q1 24 | $7.1B | $19.6B |
| Q4 25 | 0.48× | 1.11× | ||
| Q3 25 | 0.51× | 1.08× | ||
| Q2 25 | 0.53× | 1.11× | ||
| Q1 25 | 0.56× | 0.99× | ||
| Q4 24 | 0.59× | 0.96× | ||
| Q3 24 | 0.64× | 0.99× | ||
| Q2 24 | 0.78× | 0.97× | ||
| Q1 24 | 0.87× | 0.91× |
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 | $733.6M |
| Free Cash FlowOCF − Capex | $-64.6M | — |
| FCF MarginFCF / Revenue | -8.7% | — |
| Capex IntensityCapex / Revenue | 40.9% | — |
| Cash ConversionOCF / Net Profit | 1.95× | 1.45× |
| TTM Free Cash FlowTrailing 4 quarters | $-21.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $239.9M | $733.6M | ||
| Q3 25 | $251.1M | $875.1M | ||
| Q2 25 | $195.7M | $872.7M | ||
| Q1 25 | $183.9M | $705.1M | ||
| Q4 24 | $163.1M | $768.6M | ||
| Q3 24 | $151.1M | $798.8M | ||
| Q2 24 | $170.4M | $895.3M | ||
| Q1 24 | $90.4M | $665.6M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 1.95× | 1.45× | ||
| Q3 25 | 2.45× | 1.71× | ||
| Q2 25 | 2.71× | 2.43× | ||
| Q1 25 | 2.41× | 1.73× | ||
| Q4 24 | 4.39× | 1.25× | ||
| Q3 24 | 3.65× | 1.86× | ||
| Q2 24 | 3.23× | 1.73× | ||
| Q1 24 | 3.63× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
