Tearsheet

Life Time (LTH)

Market Price (6/9/2026): $33.14 | Market Cap: $7.4 BilSector: Consumer Discretionary | Industry: Leisure Facilities

Life Time (LTH)

Market Price (6/9/2026): $33.14
Market Cap: $7.4 Bil
Sector: Consumer Discretionary
Industry: Leisure Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%

Low stock price volatility
Vol 12M is 38%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Experiential Retail, and Integrated Premium Wellness Services.

Trading close to highs
Dist 52W High is -1.9%, Dist 3Y High is -1.9%

Weak multi-year price returns
3Y Excs Rtn is -2.4%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55%

Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.0%

Key risks
LTH key risks include [1] substantial debt leverage and liquidity pressure indicating a possibility of financial distress, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%
3	Low stock price volatility Vol 12M is 38%
4	Megatrend and thematic drivers Megatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Experiential Retail, and Integrated Premium Wellness Services.
5	Trading close to highs Dist 52W High is -1.9%, Dist 3Y High is -1.9%
6	Weak multi-year price returns 3Y Excs Rtn is -2.4%
7	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 55%
8	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.0%
9	Key risks LTH key risks include [1] substantial debt leverage and liquidity pressure indicating a possibility of financial distress, Show more.

Valuation, Metrics & Events

FYE: 12/31	Forward FYE		Now	Historical (CYE & TTM)
	2027	2026	6/9/26	2025	2024	2023	2022
Share Price			$33.14	$26.58	$22.12	$15.08	$11.96
Mkt Cap ($ Bil)			7.4	5.9	4.6	3.0	2.3
+ Debt ($ Bil)			4.2	4.2	4.0	4.3	4.0
- Cash ($ Bil)			0.1	0.2	0.0	0.0	0.0
TEV ($ Bil)			11.4	10.1	8.6	7.3	6.3
Valuation Ratios
P/S	2.0	2.2	2.4	2.0	1.7	1.3	1.3
P/EBIT	117.9	131.5	14.5	12.2	12.8	13.2	21.0
P/E	18.4	21.3	19.1	15.7	29.3	39.0	-1,295.3
P/FCF	—	—	-59.5	-279.9	90.6	-12.6	-6.0
Sector Ratios (* = sector average)
P/S *			0.8	0.9	0.9	0.9	0.8
P/EBIT *			8.7	8.2	8.7	7.7	6.2
P/E *			12.5	12.2	11.0	10.7	8.1
P/FCF *			10.3	11.2	12.1	9.7	7.2

FYE: 12/31	Forward FYE		Now
	2027	2026	6/9/26
Share Price			$33.14
Mkt Cap ($ Bil)			7.4
+ Debt ($ Bil)			4.2
- Cash ($ Bil)			0.1
TEV ($ Bil)			11.4
Valuation Ratios
P/S	2.0	2.2	2.4
P/EBIT	117.9	131.5	14.5
P/E	18.4	21.3	19.1
P/FCF	—	—	-59.5
Sector Ratios (* = sector average)
P/S *			0.8
P/EBIT *			8.7
P/E *			12.5
P/FCF *			10.3

	LTH	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	3.1
Rev Chg Q	11.7%	8.8%
Rev Chg LTM	12.7%	7.4%
Rev Chg 3Y Avg	16.6%	5.8%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.5
CFO LTM ($ Bil)	0.9
Net Inc LTM ($ Bil)	0.4
Op Mgn LTM	16.5%	18.4%
CFO/Rev LTM	28.8%	21.2%
Net Inc Mgn	12.5%	13.0%
VALUATION	MODERATE
P/S	2.4	3.2
P/CFO	8.3	15.1
P/FCF	-59.5	19.4
P/E	19.1	23.9
STABILITY	POOR
Debt/Equity	0.57	0.22
Cash/Assets	0.01	0.07

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Metric	Value	Date	Source
Center Memberships	840622	9302025	Link
Total Subscriptions	891225	9302025	Link
Average Monthly Dues	218	9302025	Link
Comparable Center Revenue Growth	10.6%	9302025	Link
Total Centers (end of period)	185	9302025	Link
Average Center Revenue per Center Membership	907	9302025	Link
Visits per Membership per Month	12.5	9302025	Link
Number of New Center Openings	1	9302025	Link
Total Center Square Footage (end of period)	18.1 billion	9302025	Link

No Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 6/8/2026

Life Time (LTH) stock has gained about 25% since 2/28/2026 because of the following key factors:

1. Life Time reported robust fiscal Q1 2026 financial results and raised its full-year outlook. The company's adjusted diluted EPS for fiscal Q1 2026 was $0.42, surpassing analysts' consensus estimates of $0.39 by $0.03. Total revenue increased 11.7% year-over-year to $788.7 million, exceeding analyst expectations of $787.65 million. Following these strong results, Life Time increased its full-year fiscal 2026 guidance, projecting revenue between $3.32 billion and $3.35 billion and adjusted EBITDA between $925 million and $940 million.

2. The company engaged in shareholder-friendly capital actions, including a share repurchase and strategic investments. Life Time announced a plan to repurchase 2,192,500 shares at $28.60 per share, totaling approximately $62.7 million. Concurrently, an affiliate of Atairos made a separate private purchase of 8,770,000 shares at the same price. Additionally, Life Time increased its projected sale-leaseback transactions for fiscal 2026 to approximately $400 million, up from $300 million. These actions, including the completion of two sale-leaseback transactions in late April 2026 for approximately $200 million in net proceeds, significantly improved the net debt leverage ratio to 1.6 times as of March 31, 2026, from 2.0 times in the prior year.

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Stock Movement Drivers

Fundamental Drivers

The 22.8% change in LTH stock from 2/28/2026 to 6/8/2026 was primarily driven by a 19.6% change in the company's P/E Multiple.

(LTM values as of)	2282026	6082026	Change
Stock Price ($)	27.00	33.15	22.8%
Change Contribution By:
Total Revenues ($ Mil)	2,995	3,078	2.8%
Net Income Margin (%)	12.5%	12.5%	0.4%
P/E Multiple	15.9	19.1	19.6%
Shares Outstanding (Mil)	221	222	-0.5%
Cumulative Contribution			22.8%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/8/2026

	Return	Correlation
LTH	22.8%
Market (SPY)	8.1%	39.4%
Sector (XLY)	-1.1%	33.7%

Fundamental Drivers

The 18.7% change in LTH stock from 11/30/2025 to 6/8/2026 was primarily driven by a 26.8% change in the company's Net Income Margin (%).

(LTM values as of)	11302025	6082026	Change
Stock Price ($)	27.92	33.15	18.7%
Change Contribution By:
Total Revenues ($ Mil)	2,913	3,078	5.6%
Net Income Margin (%)	9.9%	12.5%	26.8%
P/E Multiple	21.3	19.1	-10.7%
Shares Outstanding (Mil)	220	222	-0.8%
Cumulative Contribution			18.7%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/8/2026

	Return	Correlation
LTH	18.7%
Market (SPY)	8.8%	39.0%
Sector (XLY)	-2.0%	39.5%

Fundamental Drivers

The 15.9% change in LTH stock from 5/31/2025 to 6/8/2026 was primarily driven by a 64.9% change in the company's Net Income Margin (%).

(LTM values as of)	5312025	6082026	Change
Stock Price ($)	28.60	33.15	15.9%
Change Contribution By:
Total Revenues ($ Mil)	2,730	3,078	12.7%
Net Income Margin (%)	7.6%	12.5%	64.9%
P/E Multiple	29.2	19.1	-34.7%
Shares Outstanding (Mil)	212	222	-4.5%
Cumulative Contribution			15.9%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/8/2026

	Return	Correlation
LTH	15.9%
Market (SPY)	26.9%	37.3%
Sector (XLY)	8.8%	38.7%

Fundamental Drivers

The 74.4% change in LTH stock from 5/31/2023 to 6/8/2026 was primarily driven by a 282.2% change in the company's Net Income Margin (%).

(LTM values as of)	5312023	6082026	Change
Stock Price ($)	19.01	33.15	74.4%
Change Contribution By:
Total Revenues ($ Mil)	1,941	3,078	58.6%
Net Income Margin (%)	3.3%	12.5%	282.2%
P/E Multiple	58.1	19.1	-67.2%
Shares Outstanding (Mil)	195	222	-12.3%
Cumulative Contribution			74.4%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/8/2026

	Return	Correlation
LTH	74.4%
Market (SPY)	83.8%	42.8%
Sector (XLY)	56.0%	42.5%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
LTH Return	-3%	-31%	26%	47%	20%	22%	82%
Peers Return	7%	-25%	6%	24%	-21%	-25%	-37%
S&P 500 Return	27%	-19%	24%	23%	16%	8%	97%
Monthly Win Rates [3]
LTH Win Rate	33%	42%	33%	67%	42%	33%
Peers Win Rate	50%	40%	58%	50%	48%	30%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
LTH Max Drawdown	-	-50%	-49%	-21%	-26%	-16%
Peers Max Drawdown	-38%	-51%	-44%	-39%	-46%	-44%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PLNT, PTON, LULU, GRMN, XPOF.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/8/2026 (YTD)

Event	LTH	S&P 500
2025 US Tariff Shock
% Loss	-18.3%	-18.8%
% Gain to Breakeven	22.4%	23.1%
Time to Breakeven	327 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-39.5%	-9.5%
% Gain to Breakeven	65.3%	10.5%
Time to Breakeven	238 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-19.3%	-6.7%
% Gain to Breakeven	23.9%	7.1%
Time to Breakeven	28 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-46.1%	-24.5%
% Gain to Breakeven	85.5%	32.4%
Time to Breakeven	95 days	427 days

Compare to PLNT, PTON, LULU, GRMN, XPOF

In The Past

Life Time's stock fell -18.3% during the 2025 US Tariff Shock. Such a loss loss requires a 22.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	LTH	S&P 500
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-39.5%	-9.5%
% Gain to Breakeven	65.3%	10.5%
Time to Breakeven	238 days	24 days
2022 Inflation Shock & Fed Tightening
% Loss	-46.1%	-24.5%
% Gain to Breakeven	85.5%	32.4%
Time to Breakeven	95 days	427 days

Compare to PLNT, PTON, LULU, GRMN, XPOF

In The Past

Life Time's stock fell -18.3% during the 2025 US Tariff Shock. Such a loss loss requires a 22.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Life Time (LTH)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Life Time Group Holdings, Inc. provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas. The company also offers fitness floors with equipment, locker rooms, group fitness studios, indoor and outdoor pools, bistros, indoor and outdoor tennis courts, basketball courts, LifeSpa, LifeCafe, and childcare and Kids Academy learning spaces. Its Life Time Digital provides live streaming fitness classes, remote goal-based personal training, nutrition and weight loss support, curated award-winning health, and fitness and wellness content, as well as access to Apple Fitness+ that offers members content and wellness data monitoring. The company is also involved in media activities, conducting athletic events, and provision of related services. As of December 31, 2021, it operated 151 centers in 29 states and one Canadian Province, 63 of which were owned, including ground leases and 88 of which were leased. The company was formerly known as LTF Holdings, Inc. and changed its name to Life Time Group Holdings, Inc. in June 21, 2021. Life Time Group Holdings, Inc. was founded in 1992 and is headquartered in Chanhassen, Minnesota.

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Here are a few analogies to describe Life Time (LTH):

It's like Equinox but with resort-style amenities for the entire family.
Think of it as a country club where health, fitness, and wellness are the main attraction.

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Health and Fitness Centers: Operating large, resort-like physical centers that provide extensive athletic, fitness, recreation, and spa amenities for members.
Life Time Digital Platform: An online platform offering live streaming fitness classes, remote personal training, nutrition support, and curated health and wellness content.
Spa Services (LifeSpa): Providing professional spa treatments and services within their physical centers.
Food and Beverage (LifeCafe & Bistros): Offering healthy food and beverage options available at on-site cafes and bistros within their centers.
Childcare and Kids Academy: Providing supervised childcare and structured learning and recreational programs for children within their centers.
Athletic Event Management: Organizing and conducting various athletic events and related services.

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Life Time Group Holdings, Inc. (LTH) primarily serves individual members rather than other businesses. Based on the company description, its major customers can be categorized as:

Health and Fitness Enthusiasts: Individuals seeking comprehensive fitness facilities, equipment, group fitness classes, personal training, and sports amenities such as tennis and basketball courts to achieve their health and performance goals.
Families and Parents: Customers who utilize the company's family recreation options, including indoor and outdoor pools, childcare services, and Kids Academy learning spaces, looking for a holistic wellness environment for all ages.
Wellness and Lifestyle Seekers: Individuals looking for a premium, resort-like experience that extends beyond traditional fitness, encompassing spa services (LifeSpa), healthy dining options (LifeCafe, bistros), and an overall upscale environment for integrated health and wellness.

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Bahram Akradi, Founder, Chairman, and Chief Executive Officer

Bahram Akradi founded Life Time in 1992. Prior to launching Life Time, he co-founded and led U.S. Swim & Fitness Corporation (formerly Nautilus Fitness Center, Inc.) as its Executive Vice President from 1984 to 1989. Akradi and his partners sold U.S. Swim & Fitness to Bally Total Fitness in 1986. In 2015, Life Time was taken private by private equity firms Leonard Green and TPG in a transaction valued at over $4.0 billion.

Erik Weaver, Executive Vice President, Chief Financial Officer

Erik Weaver was appointed permanent Executive Vice President and Chief Financial Officer of Life Time Group Holdings, Inc. effective August 1, 2024. He previously served as the company's Interim Chief Financial Officer starting January 1, 2024, following the resignation of Robert Houghton. Weaver joined Life Time in 2004 and has held increasing roles of responsibility within the company's finance department, including Assistant Controller, Vice President and Controller, and Senior Vice President and Controller, as well as principal accounting officer. He holds a Master of Business Administration from Hamline University and a B.S. degree in accounting from St. Cloud State University.

Eric Buss, Executive Vice President, Chief Administrative Officer

Eric Buss serves as the Executive Vice President and Chief Administrative Officer for Life Time Group Holdings, Inc.

Parham Javaheri, Executive Vice President, President Club Operations and Chief of Property Development

Parham Javaheri holds the position of Executive Vice President, President Club Operations and Chief of Property Development at Life Time Group Holdings, Inc.

RJ Singh, Executive Vice President, Chief Digital Officer

RJ Singh is the Executive Vice President and Chief Digital Officer for Life Time Group Holdings, Inc. He received his undergraduate degree from Hamline University.

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Here are the key risks to Life Time's business:

High Debt and Leverage: Life Time Group Holdings, Inc. carries substantial debt, with net debt around $1.46 billion as of March 2025 and total liabilities significantly exceeding its cash and receivables. This high leverage creates a substantial burden from interest payments and can limit the company's financial flexibility. If cash flow weakens, the debt becomes riskier, potentially leading to liquidity issues or requiring the company to raise new equity capital at a low price, which would dilute existing shareholders.
Intense Competition and Evolving Consumer Preferences: The health and wellness industry is highly competitive and fragmented, with Life Time facing rivals ranging from low-cost gyms to boutique studios and digital fitness platforms like Peloton. There is also a continuous shift in consumer preferences, including a growing trend towards home fitness and on-demand services, which could challenge the traditional, comprehensive club model offered by Life Time. The company must continuously adapt its offerings and maintain its premium differentiation to attract and retain members in this dynamic market.
Sensitivity to Economic Downturns: Life Time's premium health, fitness, and wellness experiences are largely considered discretionary spending for consumers. During periods of economic uncertainty, inflation, or recession, consumers are likely to cut back on such non-essential expenditures. This can directly impact Life Time's membership growth, retention, and overall revenue, as its affluent member base, while somewhat resilient, is not immune to broader economic pressures.

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The accelerating shift towards at-home and digital-first fitness and wellness solutions, offered by dedicated platforms and devices (e.g., Peloton, Apple Fitness+, Mirror, smart fitness apps). This trend provides consumers with convenient, often more cost-effective, and highly flexible alternatives to traditional physical gym memberships, potentially eroding the market for premium, facility-based experiences like those offered by Life Time.

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Life Time Group Holdings, Inc. (LTH) operates within several large addressable markets, primarily centered around health, fitness, and wellness experiences, including physical clubs, spa services, and digital offerings across the United States and Canada.

Health and Wellness Market

    The global health and wellness market was estimated at USD 6.87 trillion in 2025 and is predicted to increase to approximately USD 11 trillion by 2034.
    In the U.S., the health and wellness industry was valued at US$2 trillion in 2024.


Health and Fitness Club Market

    Globally, the health and fitness club market size was approximately USD 121.19 billion in 2024 and is projected to grow to about USD 244.70 billion by 2032.
    Within the U.S., the market size for health and fitness clubs is estimated at USD 45.8 billion in 2025 and is expected to reach USD 71.5 billion by 2035.


Spa Services Market

    The global spa services market was valued at USD 76.35 billion in 2024 and is expected to reach USD 197.30 billion by 2032.
    The U.S. spa industry generated a record US$22.5 billion in revenue in 2024.


Digital Fitness Market

    The global digital fitness market, which includes wearables, connected equipment, and apps, is valued at USD 153.5 billion in 2026 and is expected to reach USD 312.3 billion by 2032.
    The U.S. fitness apps market size was approximately USD 4.75 billion in 2024 and is projected to reach around USD 12.55 billion by 2034.

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Life Time (LTH) anticipates several key drivers for its future revenue growth over the next 2-3 years: * **New Club Openings and Expansion:** Life Time is aggressively expanding its footprint, with plans to nearly double the amount of new club square footage opened in 2026 compared to 2024 and 2025. The company is targeting up to 28 club openings by 2027, with a significant portion of its 2026 growth capital expenditures allocated to clubs opening in 2027 and beyond, indicating sustained expansion. * **Increased Membership Dues and Optimized Pricing:** The company is focused on optimizing its membership mix and pricing strategies on a club-by-club basis. This has consistently led to higher average monthly dues and increased average revenue per center membership. * **Growth in In-Center Revenue and Services Utilization:** Life Time expects continued revenue growth from increased utilization of its in-center businesses and offerings. This includes services such as Dynamic Personal Training, food and beverage, and retail, which have shown robust growth. * **Enhanced Member Engagement and Membership Mix Optimization:** A core strategy involves increasing member engagement and optimizing the membership mix, particularly by attracting more couples and families who tend to have higher revenue and visit frequency. This focus is designed to further boost revenue per center membership. * **Comparable Center Revenue Growth:** Beyond new clubs, existing mature centers are also expected to contribute to revenue expansion. Life Time has provided guidance for comparable center revenue growth of approximately 6.3% to 7.3% for the full year 2026.

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Share Repurchases

In February 2026, Life Time's board of directors authorized a share repurchase program of up to $500 million of the company's common stock, with no expiration date.

Share Issuance

Life Time Group Holdings, Inc. completed its Initial Public Offering (IPO) on October 12, 2021, issuing 39.0 million shares of common stock at $18.00 per share, resulting in gross proceeds of $702.0 million.
In November 2021, the company sold nearly 1.6 million additional shares through an over-allotment option from its IPO, generating approximately $28.4 million in gross proceeds.
In June 2025, certain selling stockholders conducted a secondary offering of 20 million shares of the company's common stock, resulting in total gross proceeds of $590 million, with the company not receiving any proceeds from this offering.

Capital Expenditures

Total capital expenditures, net of construction reimbursements, were $892 million in 2025, with $657 million allocated to growth capital expenditures for new clubs.
Life Time anticipates investing between $875 million and $915 million in growth capital for 2026, with over half dedicated to clubs scheduled to open in 2027 and beyond, alongside $140 million to $150 million for maintenance and $130 million to $140 million for modernization, technology, and corporate investments.
The primary focus of capital expenditures is on accelerating new club openings, with expectations to open 12 to 14 new clubs in 2026. The company plans to fund these through cash from operations, cash on hand, and at least $300 million from sale-leaseback transactions in 2026.

Interactive Breakdown

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HLT (23.1%)

Hilton Worldwide

ABNB (20.5%)

Airbnb

ORLY (19.6%)

O'Reilly Automotive

Higher CFO/Rev LTM (Value for LTH: 28.8%)

MELI (41.9%)

MercadoLibre

MCD (38.4%)

McDonald's

RCL (36.3%)

Royal Caribbean

ABNB (36.1%)

Airbnb

BKNG (33.7%)

Booking

Higher FCF/Rev LTM (Value for LTH: -4.0%)

MCD (25.6%)

McDonald's

TJX (8.9%)

TJX Companies

HD (8.6%)

Home Depot

TSLA (7.2%)

Tesla

AMZN (-0.3%)

Amazon.com

Higher Total Yield (Value for LTH: 5.2%)

LOW (8.0%)

Lowe's Companies

HD (7.5%)

Home Depot

MCD (7.0%)

McDonald's

RCL (6.7%)

Royal Caribbean

BKNG (5.8%)

Booking

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for LTH: 16.6% | 2.4x)

PGR (19.9% | 1.3x)

Progressive

COF (20.3% | 1.9x)

Capital One Financial

MFC (21.4% | 1.2x)

Manulife Financial

OKE (21.3% | 1.6x)

ONEOK

SLF (24.1% | 1.1x)

Sun Life Financial

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LTH: 16.6% | 14.5x)

NEM (30.0% | 8.0x)

Newmont

AEM (32.5% | 10.5x)

Agnico Eagle Mines

APO (41.0% | 10.1x)

Apollo Global Management

B (21.8% | 6.8x)

Barrick Mining

FANG (20.4% | 11.9x)

Diamondback Energy

Higher Rev Chg LTM (Value for LTH: 12.7%)

NVDA (70.7%)

NVIDIA

AVGO (25.2%)

Broadcom

MSFT (17.9%)

Microsoft

GOOGL (17.5%)

Alphabet

AAPL (12.8%)

Apple

Higher Rev Chg 3Y Avg (Value for LTH: 16.6%)

NVDA (121.7%)

NVIDIA

MU (45.3%)

Micron Technology

LLY (37.9%)

Eli Lilly

AVGO (26.2%)

Broadcom

META (22.4%)

Meta Platforms

Higher Op Mgn LTM (Value for LTH: 16.5%)

NVDA (64.0%)

NVIDIA

MSFT (46.8%)

Microsoft

AVGO (41.5%)

Broadcom

GOOGL (32.7%)

Alphabet

AAPL (32.6%)

Apple

Higher CFO/Rev LTM (Value for LTH: 28.8%)

MSFT (53.5%)

Microsoft

NVDA (49.6%)

NVIDIA

AVGO (43.5%)

Broadcom

GOOGL (41.3%)

Alphabet

AAPL (31.1%)

Apple

Higher FCF/Rev LTM (Value for LTH: -4.0%)

NVDA (47.0%)

NVIDIA

AVGO (42.3%)

Broadcom

AAPL (28.6%)

Apple

MSFT (22.9%)

Microsoft

GOOGL (15.2%)

Alphabet

Higher Total Yield (Value for LTH: 5.2%)

BAC (8.1%)

Bank of America

JPM (7.0%)

JPMorgan Chase

BRK-B (6.9%)

Berkshire Hathaway

XOM (6.7%)

Exxon Mobil

JNJ (6.0%)

Johnson & Johnson

Best Bets in Consumer Discretionary

What You Pay

P/EBIT (Value for LTH: 14.5x)

ABNB (31.0x)

Airbnb

DUOL (35.3x)

Duolingo

BKNG (14.2x)

Booking

PRDO (9.1x)

Perdoceo Education

LOPE (12.7x)

Grand Canyon Education

MCRI (16.0x)

Monarch Casino & Resort

GRMN (22.9x)

Garmin

DECK (11.7x)

Deckers Outdoor

ALSN (11.5x)

Allison Transmission

HRB (5.1x)

H&R Block

P/E (Value for LTH: 19.1x)

ABNB (31.9x)

Airbnb

DUOL (13.1x)

Duolingo

BKNG (20.8x)

Booking

PRDO (12.5x)

Perdoceo Education

LOPE (18.1x)

Grand Canyon Education

MCRI (20.1x)

Monarch Casino & Resort

GRMN (26.1x)

Garmin

DECK (15.1x)

Deckers Outdoor

ALSN (17.7x)

Allison Transmission

HRB (6.4x)

H&R Block

What You Get

Rev Chg 3Y Avg (Value for LTH: 16.6%)

ABNB (13.3%)

Airbnb

DUOL (39.6%)

Duolingo

BKNG (15.2%)

Booking

PRDO (6.8%)

Perdoceo Education

LOPE (7.1%)

Grand Canyon Education

MCRI (4.6%)

Monarch Casino & Resort

GRMN (15.6%)

Garmin

DECK (14.7%)

Deckers Outdoor

ALSN (8.9%)

Allison Transmission

HRB (3.9%)

H&R Block

Rev Chg LTM (Value for LTH: 12.7%)

ABNB (12.6%)

Airbnb

DUOL (35.5%)

Duolingo

BKNG (15.0%)

Booking

PRDO (17.7%)

Perdoceo Education

LOPE (7.4%)

Grand Canyon Education

MCRI (5.8%)

Monarch Casino & Resort

GRMN (15.7%)

Garmin

DECK (9.8%)

Deckers Outdoor

ALSN (14.0%)

Allison Transmission

HRB (5.4%)

H&R Block

Rev Chg Q (Value for LTH: 11.7%)

ABNB (17.9%)

Airbnb

DUOL (26.5%)

Duolingo

BKNG (16.2%)

Booking

PRDO (4.1%)

Perdoceo Education

LOPE (6.7%)

Grand Canyon Education

MCRI (8.9%)

Monarch Casino & Resort

GRMN (14.2%)

Garmin

DECK (9.6%)

Deckers Outdoor

ALSN (83.6%)

Allison Transmission

HRB (5.3%)

H&R Block

FCF/Rev 3Y Avg (Value for LTH: -2.4%)

ABNB (38.7%)

Airbnb

DUOL (35.0%)

Duolingo

BKNG (32.9%)

Booking

PRDO (23.9%)

Perdoceo Education

LOPE (22.6%)

Grand Canyon Education

MCRI (21.4%)

Monarch Casino & Resort

GRMN (21.0%)

Garmin

DECK (20.4%)

Deckers Outdoor

ALSN (19.4%)

Allison Transmission

HRB (18.6%)

H&R Block

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Life Time Earnings Notes	12/28/2026
2	Life Time Stock Jump Looks Great, But How Secure Is That Gain?	10/17/2025
3	Life Time vs Newmont: Which Is A Better Investment?	08/18/2025
4	How Does Life Time Stock Stack Up Against Its Peers?	08/13/2025
5	Better Bet Than LTH Stock: Pay Less Than Life Time To Get More From CALM, PTCT	08/12/2025
6	Why Life Time Stock Moved: LTH Stock Has Gained 121% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)	08/08/2025
7	LTH Dip Buy Analysis	07/10/2025

	Title
0	ARTICLES

Trade Ideas

Select ideas related to LTH.

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Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TNGX	Tango Therapeutics	4.4	53.0%	249.1%
GLXY	Galaxy Digital	5.9	21.4%	36.4%
BTGO	BitGo	0.5	16.3%	-70.4%
CNTN	Canton Strategic	0.6	15.2%	-12.5%
GEMI	Gemini Space Station	0.6	14.9%	-51.5%
ZVRA	Zevra Therapeutics	0.7	13.9%	34.9%
NWL	Newell Brands	1.8	13.2%	17.2%
MARA	MARA	5.2	11.9%	53.5%
OSCR	Oscar Health	8.2	11.8%	90.6%
IDYA	IDEAYA Biosciences	2.8	11.3%	-8.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
BRC	Brady	3.6	-15.1%	-3.4%
STTK	Shattuck Labs	0.4	-14.8%	6.8%
WLTH	Wealthfront	1.3	-14.6%	-38.1%
SHAZ	SharonAI	0.8	-11.8%	-35.7%
JBIO	Jade Biosciences	0.9	-11.6%	-2.9%
GHM	Graham	1.0	-11.0%	48.4%
AGX	Argan	8.6	-10.8%	98.3%
FCEL	FuelCell Energy	0.7	-10.6%	112.0%
BRBR	BellRing Brands	0.9	-9.9%	-70.4%
NVAX	Novavax	1.4	-9.2%	28.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NVRI	Enviri	1.6	245.7%	300.3%
TNGX	Tango Therapeutics	4.4	33.9%	249.1%
MRVL	Marvell Technology	248.6	31.6%	240.3%
NWL	Newell Brands	1.8	26.4%	17.2%
MMED	Minimed	4.2	24.0%	-19.5%
HPP	Hudson Pacific Properties	0.9	19.3%	34.8%
OSCR	Oscar Health	8.2	19.2%	90.6%
GKOS	Glaukos	7.1	18.3%	8.0%
ARCB	ArcBest	3.7	18.1%	124.5%
CXW	CoreCivic	2.4	16.5%	29.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ADCT	ADC Therapeutics	0.2	-71.2%	-72.3%
FULC	Fulcrum Therapeutics	0.3	-46.4%	-69.6%
CD	Chaince Digital	0.4	-42.0%	0.4%
AVEX	AEVEX	1.1	-40.4%	-14.6%
WLTH	Wealthfront	1.3	-31.0%	-38.1%
STTK	Shattuck Labs	0.4	-31.0%	6.8%
PL	Planet Labs PBC	10.4	-29.5%	66.0%
CELC	Celcuity	4.8	-28.9%	-12.3%
MLYS	Mineralys Therapeutics	1.9	-27.7%	-38.0%
FCEL	FuelCell Energy	0.7	-27.3%	112.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NVRI	Enviri	1.6	273.5%	300.3%
HYLN	Hyliion	1.3	192.3%	292.4%
REPL	Replimune	0.8	168.6%	-7.7%
APPS	Digital Turbine	1.1	134.3%	87.0%
INOD	Innodata	3.4	125.2%	101.7%
AMBQ	Ambiq Micro	1.6	108.3%	177.7%
SWMR	Swarmer	0.9	107.4%	85.4%
RDW	Redwire	3.6	101.8%	144.3%
VPG	Vishay Precision	1.6	92.2%	211.6%
UMAC	Unusual Machines	0.9	91.5%	102.9%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ADCT	ADC Therapeutics	0.2	-73.9%	-72.3%
VRRM	Verra Mobility	0.6	-71.4%	-81.3%
GTM	ZoomInfo Technologies	0.9	-57.0%	-72.0%
BTGO	BitGo	0.5	-51.5%	-70.4%
FULC	Fulcrum Therapeutics	0.3	-50.0%	-69.6%
LIFE	Ethos Technologies	0.8	-45.4%	1924.0%
PSIX	Power Solutions International	0.9	-44.6%	-30.3%
SGML	Sigma Lithium	1.5	-44.0%	0.5%
AORT	Artivion	1.0	-42.4%	-55.3%
PLAB	Photronics	1.7	-40.5%	-6.4%

Peer Comparisons

Peers to compare with:

Financials

	LTH	PLNT	PTON	LULU	GRMN	XPOF	Median
Name	Life Time	Planet F.	Peloton .	Lululemo.	Garmin	Xponenti.
Mkt Price	33.15	50.73	5.66	117.55	235.23	5.51	41.94
Mkt Cap	7.4	4.0	2.4	13.6	45.3	0.2	5.7
Rev LTM	3,078	1,385	2,445	11,204	7,464	299	2,762
Op Inc LTM	508	414	192	2,049	1,975	53	461
FCF LTM	-124	267	401	1,280	1,452	-4	334
FCF 3Y Avg	-57	228	151	1,443	1,341	7	190
CFO LTM	885	432	414	1,936	1,749	1	659
CFO 3Y Avg	678	381	169	2,113	1,566	13	529

Growth & Margins

	LTH	PLNT	PTON	LULU	GRMN	XPOF	Median
Name	Life Time	Planet F.	Peloton .	Lululemo.	Garmin	Xponenti.
Rev Chg LTM	12.7%	14.4%	-3.3%	4.2%	15.7%	-5.9%	8.5%
Rev Chg 3Y Avg	16.6%	12.5%	-4.8%	9.8%	15.6%	5.1%	11.1%
Rev Chg Q	11.7%	21.9%	1.1%	4.3%	14.2%	-21.0%	8.0%
QoQ Delta Rev Chg LTM	2.8%	4.6%	0.3%	0.9%	3.0%	-5.1%	1.8%
Op Inc Chg LTM	29.3%	22.7%	620.3%	-18.4%	21.3%	535.0%	26.0%
Op Inc Chg 3Y Avg	40.7%	21.1%	259.7%	4.6%	25.8%	156.4%	33.3%
Op Mgn LTM	16.5%	29.9%	7.9%	18.3%	26.5%	17.6%	17.9%
Op Mgn 3Y Avg	13.6%	28.0%	-4.3%	21.5%	24.5%	10.5%	17.6%
QoQ Delta Op Mgn LTM	0.5%	0.1%	2.4%	-1.6%	0.6%	3.1%	0.5%
CFO/Rev LTM	28.8%	31.2%	16.9%	17.3%	23.4%	0.3%	20.4%
CFO/Rev 3Y Avg	24.7%	30.9%	7.0%	20.1%	24.5%	4.1%	22.3%
FCF/Rev LTM	-4.0%	19.3%	16.4%	11.4%	19.4%	-1.4%	13.9%
FCF/Rev 3Y Avg	-2.4%	18.5%	6.3%	13.8%	21.0%	2.1%	10.0%

Valuation

	LTH	PLNT	PTON	LULU	GRMN	XPOF	Median
Name	Life Time	Planet F.	Peloton .	Lululemo.	Garmin	Xponenti.
Mkt Cap	7.4	4.0	2.4	13.6	45.3	0.2	5.7
P/S	2.4	2.9	1.0	1.2	6.1	0.7	1.8
P/Op Inc	14.5	9.7	12.6	6.6	22.9	3.9	11.2
P/EBIT	14.5	9.2	16.1	6.6	22.9	157.4	15.3
P/E	19.1	17.6	105.1	9.3	26.1	-6.2	18.4
P/CFO	8.3	9.3	5.9	7.0	25.9	253.5	8.8
Total Yield	5.2%	5.7%	1.0%	10.8%	5.4%	-16.1%	5.3%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	1.5%	0.0%	0.0%
FCF Yield 3Y Avg	-2.1%	3.6%	6.5%	4.9%	3.6%	1.4%	3.6%
D/E	0.6	0.7	0.7	0.2	0.0	2.5	0.6
Net D/E	0.5	0.6	0.2	0.0	-0.1	2.5	0.4

Returns

	LTH	PLNT	PTON	LULU	GRMN	XPOF	Median
Name	Life Time	Planet F.	Peloton .	Lululemo.	Garmin	Xponenti.
1M Rtn	3.8%	10.6%	-0.5%	-10.4%	-2.0%	-1.6%	-1.1%
3M Rtn	22.3%	-34.9%	46.6%	-30.8%	-2.7%	-6.6%	-4.6%
6M Rtn	29.6%	-53.5%	-11.6%	-35.8%	17.8%	-19.4%	-15.5%
12M Rtn	14.3%	-52.0%	-22.5%	-55.7%	15.3%	-41.9%	-32.2%
3Y Rtn	64.9%	-24.6%	-31.9%	-67.4%	136.3%	-79.1%	-28.2%
1M Excs Rtn	2.0%	14.3%	-0.9%	-12.9%	-3.7%	-16.7%	-2.3%
3M Excs Rtn	13.4%	-43.8%	37.7%	-39.7%	-11.7%	-15.6%	-13.6%
6M Excs Rtn	16.8%	-61.6%	-21.7%	-44.0%	9.3%	-28.6%	-25.2%
12M Excs Rtn	-9.2%	-76.4%	-43.1%	-89.2%	-8.3%	-66.6%	-54.9%
3Y Excs Rtn	-2.4%	-95.1%	-102.2%	-139.6%	64.2%	-154.5%	-98.7%

Comparison Analyses

	Title
0	How Does Life Time Stock Stack Up Against Its Peers?

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	3/31/2026	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	5/5/2026	2/24/2026	2/27/2025	2/28/2024	3/8/2023	3/10/2022	10/8/2021
Key Financials
Total Revenue	3,078	2,995	2,621	2,217	1,823	1,318	948
Gross Profit	1,474	1,427	1,229	1,032	754	474	288
EBITDA	815	778	632	470	340	-260	-111
Operating Income	508	481	357	225	111	-495	-359
Net Income	386	374	156	76	-2	-579	-360
EPS	1.76	1.71	0.77	0.39	-0.01	-3.73	-2.48
Growth Rates
Total Revenue Growth	12.7%	14.3%	18.2%	21.6%	38.3%	39.0%	-50.1%
EBITDA Growth	21.1%	23.0%	34.6%	38.3%	230.5%	-133.3%	-128.7%
Operating Income Growth	29.3%	34.6%	58.7%	103.6%	122.3%	-37.9%	-313.4%
Net Income Growth	85.9%	139.2%	105.4%	4342.2%	99.7%	-60.9%	-1299.6%
Margins
Gross Margin	47.9%	47.6%	46.9%	46.6%	41.4%	36.0%	30.4%
EBITDA Margin	26.5%	26.0%	24.1%	21.2%	18.6%	-19.7%	-11.8%
Operating Income Margin	16.5%	16.1%	13.6%	10.2%	6.1%	-37.6%	-37.9%
Net Income Margin	12.5%	12.5%	6.0%	3.4%	-0.1%	-44.0%	-38.0%
Cash & Debt
Total Cash	120	205	11	11	26	32	33
Total Debt	4,155	4,155	3,988	4,261	4,035	3,757	4,062
Net Debt / (Cash)	4,035	3,950	3,978	4,249	4,010	3,725	4,029
Cash Flows & CapEx
Net Cash from Operations	885	871	575	463	201	-20	-96
Total CapEx	-1,009	-891	-525	-698	-591	-329	-266
Free Cash from Operations	-124	-21	51	-235	-390	-349	-362
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	11	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	3/31/2026	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023
Filing Date	5/5/2026	2/24/2026	11/4/2025	8/5/2025	5/8/2025	2/27/2025	10/28/2024	8/1/2024	5/7/2024	2/28/2024	10/31/2023	7/31/2023
Key Financials Quarterly
Total Revenue	789	745	783	761	706	663	693	668	597	559	585	562
Ebitda	216	207	211	181	179	157	163	174	138	123	110	111
Operating Income	135	130	136	108	108	87	94	105	72	59	47	52
Net Income	88	123	102	72	76	37	41	53	25	24	8	17
EPS	0.40	0.56	0.47	0.33	0.36	0.17	0.20	0.27	0.13	0.12	0.04	0.09
Key Financials TTM
Total Revenue TTM	3,078	2,995	2,913	2,824	2,730	2,621	2,517	2,408	2,302	2,217	2,130	2,042
Ebitda TTM	815	778	727	680	673	632	599	546	482	470	449	451
Operating Income TTM	508	481	439	397	393	357	329	282	230	225	212	221
Net Income TTM	386	374	288	227	207	156	143	109	74	76	66	83
Growth Rates Quarterly
Total Revenue Growth	11.7%	12.3%	12.9%	14.0%	18.3%	18.7%	18.5%	18.9%	16.8%	18.2%	17.9%	21.8%
EBITDA Growth	20.7%	32.1%	29.2%	4.0%	29.4%	27.3%	47.8%	57.7%	9.9%	20.5%	-1.7%	41.9%
Operating Income Growth	25.2%	48.9%	44.8%	3.5%	49.4%	48.2%	100.4%	99.9%	6.9%	30.4%	-16.1%	151.8%
Net Income Growth	15.7%	231.0%	147.7%	36.5%	205.6%	56.9%	422.5%	210.5%	-9.3%	72.5%	-68.0%	844.2%
Margins Quarterly
EBITDA Margin	27.3%	27.8%	26.9%	23.8%	25.3%	23.6%	23.5%	26.1%	23.1%	22.0%	18.9%	19.7%
Operating Income Margin	17.1%	17.4%	17.3%	14.2%	15.2%	13.1%	13.5%	15.7%	12.1%	10.5%	8.0%	9.3%
Net Income Margin	11.2%	16.5%	13.1%	9.5%	10.8%	5.6%	6.0%	7.9%	4.2%	4.2%	1.4%	3.0%
Cash & Debt
Total Cash	120	205	219	176	59	11	121	35	19	11	25	31
Total Debt	4,155	4,155	4,125	4,086	4,013	3,988	4,121	4,280	4,326	4,261	4,184	4,129
Net Debt / (Cash)	4,035	3,950	3,906	3,910	3,954	3,978	4,000	4,245	4,307	4,249	4,159	4,098
Cash Flows Quarterly
FCF from Operations	199	240	251	196	184	163	151	170	90	132	115	142
Cash Flows TTM
FCF from Operations TTM	885	871	794	694	669	575	544	508	479	463	407	337
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	11	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	5.5%	5.2%	5.6%	4.5%	5.6%	3.7%	3.8%	4.7%	2.9%	3.2%	1.5%	2.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	5.1%	5.1%	4.8%	4.4%	4.5%	3.8%	3.7%	3.1%	2.5%	2.6%	2.3%	2.6%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single Segment	2,621	2,217
In-center revenue			518	380	279
Membership dues and enrollment fees			1,252	907	651
Other revenue			53	31	18
Total	2,621	2,217	1,823	1,318	948

Price Behavior

Price Behavior

Market Price	$33.15
Market Cap ($ Bil)	7.4
First Trading Date	10/07/2021
Distance from 52W High	-1.9%
	50 Days	200 Days
DMA Price	$29.88	$27.79
DMA Trend	up	up
Distance from DMA	11.0%	19.3%
	3M	1YR
Volatility	48.9%	38.3%
Downside Capture	114.00	114.14
Upside Capture	152.20	99.76
Correlation (SPY)	37.9%	37.3%

LTH Betas & Captures as of 5/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	3.88	1.89	1.44	1.35	1.24	1.20
Up Beta	9.57	2.08	1.78	1.91	1.92	1.28
Down Beta	0.30	0.98	0.68	0.94	0.96	0.99
Up Capture	364%	169%	174%	139%	99%	179%
Bmk +ve Days	13	28	36	67	141	432
Stock +ve Days	8	19	28	56	117	381
Down Capture	185%	227%	131%	117%	113%	106%
Bmk -ve Days	7	13	27	57	109	318
Stock -ve Days	12	22	35	65	129	357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LTH
LTH	16.0%	38.4%	0.47	-
Sector ETF (XLY)	11.1%	18.1%	0.44	38.2%
Equity (SPY)	26.2%	12.1%	1.63	37.4%
Gold (GLD)	28.6%	26.9%	0.91	1.3%
Commodities (DBC)	37.4%	19.0%	1.54	-24.9%
Real Estate (VNQ)	11.0%	13.4%	0.53	35.7%
Bitcoin (BTCUSD)	-40.1%	42.4%	-1.09	13.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LTH
LTH	13.4%	47.6%	0.44	-
Sector ETF (XLY)	6.9%	23.8%	0.25	49.9%
Equity (SPY)	13.5%	17.1%	0.62	49.9%
Gold (GLD)	17.4%	18.1%	0.78	6.4%
Commodities (DBC)	9.3%	19.4%	0.37	2.4%
Real Estate (VNQ)	2.6%	18.8%	0.04	48.5%
Bitcoin (BTCUSD)	10.7%	54.6%	0.39	21.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LTH
LTH	6.5%	47.6%	0.44	-
Sector ETF (XLY)	12.5%	22.0%	0.52	49.9%
Equity (SPY)	15.3%	17.9%	0.73	49.9%
Gold (GLD)	13.1%	16.0%	0.68	6.4%
Commodities (DBC)	7.1%	18.0%	0.32	2.4%
Real Estate (VNQ)	5.4%	20.7%	0.23	48.5%
Bitcoin (BTCUSD)	62.6%	66.9%	1.02	21.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	5152026
Short Interest: Shares Quantity	10.4 Mil
Short Interest: % Change Since 4302026	-11.5%
Average Daily Volume	4.8 Mil
Days-to-Cover Short Interest	2.2 days
Basic Shares Quantity	221.9 Mil
Short % of Basic Shares	4.7%

Returns Analyses

	Title
0	Life Time Stock Jump Looks Great, But How Secure Is That Gain?

Earnings Returns History

Updated 6/8/2026

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
5/5/2026	11.8%	23.1%	20.9%
2/24/2026	-2.0%	-6.9%	-9.2%
11/4/2025	5.3%	0.5%	6.8%
8/5/2025	-9.7%	-2.6%	-2.9%
5/8/2025	-6.7%	-11.3%	-12.0%
2/27/2025	-1.0%	1.8%	0.4%
10/24/2024	-8.1%	-8.6%	-3.7%
8/1/2024	6.0%	9.7%	13.1%
...
SUMMARY STATS
# Positive	9	10	12
# Negative	10	9	7
Median Positive	6.0%	15.0%	12.5%
Median Negative	-7.4%	-8.6%	-12.0%
Max Positive	13.1%	35.4%	52.2%
Max Negative	-15.2%	-17.3%	-21.3%

	Forward Returns
5/5/2026	11.8%	23.1%	20.9%
2/24/2026	-2.0%	-6.9%	-9.2%
11/4/2025	5.3%	0.5%	6.8%
8/5/2025	-9.7%	-2.6%	-2.9%
5/8/2025	-6.7%	-11.3%	-12.0%
2/27/2025	-1.0%	1.8%	0.4%
10/24/2024	-8.1%	-8.6%	-3.7%
8/1/2024	6.0%	9.7%	13.1%
2/28/2024	10.4%	12.1%	24.1%
10/25/2023	-15.2%	-17.3%	7.1%
7/25/2023	-13.6%	-16.0%	-21.3%
4/25/2023	6.7%	18.0%	11.8%
3/8/2023	-6.5%	-10.5%	-16.1%
1/9/2023	13.1%	35.4%	52.2%
11/9/2022	4.4%	29.4%	34.2%
8/10/2022	0.7%	-0.7%	-17.0%
5/11/2022	3.2%	21.4%	21.6%
3/10/2022	-8.7%	-6.9%	1.8%
10/28/2021	-3.6%	1.4%	11.0%
SUMMARY STATS
# Positive	9	10	12
# Negative	10	9	7
Median Positive	6.0%	15.0%	12.5%
Median Negative	-7.4%	-8.6%	-12.0%
Max Positive	13.1%	35.4%	52.2%
Max Negative	-15.2%	-17.3%	-21.3%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
03/31/2026	05/05/2026	10-Q
12/31/2025	02/24/2026	10-K
09/30/2025	11/04/2025	10-Q
06/30/2025	08/05/2025	10-Q
03/31/2025	05/08/2025	10-Q
12/31/2024	02/27/2025	10-K
09/30/2024	10/28/2024	10-Q
06/30/2024	08/01/2024	10-Q
03/31/2024	05/07/2024	10-Q
12/31/2023	02/28/2024	10-K
09/30/2023	10/31/2023	10-Q
06/30/2023	07/31/2023	10-Q
03/31/2023	05/01/2023	10-Q
12/31/2022	03/08/2023	10-K
09/30/2022	11/09/2022	10-Q
06/30/2022	08/10/2022	10-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/5/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Revenue	3.32 Bil	3.33 Bil	3.35 Bil	0.6%		Raised	Guidance: 3.31 Bil for 2026
2026 Net Income	340.00 Mil	342.50 Mil	345.00 Mil	2.9%		Raised	Guidance: 333.00 Mil for 2026
2026 Adjusted EBITDA	925.00 Mil	932.50 Mil	940.00 Mil	1.6%		Raised	Guidance: 917.50 Mil for 2026
2026 Comparable center revenue growth	6.9%	7.2%	7.5%	5.9%	0.4%	Raised	Guidance: 6.8% for 2026
2026 Growth capital expenditures	8.75E10%	8.95E10%	9.15E10%

Prior: Q4 2025 Earnings Reported 2/24/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Total revenue	3.30 Bil	3.31 Bil	3.33 Bil	11.1%		Higher New	Actual: 2.98 Bil for 2025
2026 Net Income	330.00 Mil	333.00 Mil	336.00 Mil	9.2%		Higher New	Actual: 305.00 Mil for 2025
2026 Adjusted EBITDA	910.00 Mil	917.50 Mil	925.00 Mil	11.6%		Higher New	Actual: 822.00 Mil for 2025
2026 Comparable center revenue growth	6.3%	6.8%	7.3%	-37.6%	-4.1%	Lower New	Actual: 10.9% for 2025
2026 Adjusted net income	369.00 Mil	373.50 Mil	378.00 Mil
2026 Weighted-average diluted common shares outstanding	229.00 Mil	230.00 Mil	231.00 Mil

Insider Activity

Updated 6/5/2026

Expand for More

#	Owner	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Danhakl, John G	See footnote.	Sell	6052026	28.60	2,208,580	63,165,388	315,392,306	Form
2	Galashan, John Kristofer	See footnote.	Sell	6052026	28.60	2,208,580	63,165,388	315,392,306	Form
3	Green, Ltf Holdings II LP	Direct	Sell	6052026	28.60	2,208,580	63,165,388	524,438	Form
4	Partners, Group Private Equity Fund, Llc	See footnote	Sell	6052026	28.60	329,921	9,435,741	47,227,809	Form
5	Partners, Group Private Equity Fund, Llc	See footnote	Sell	5262026	32.51	449,960	14,628,200	64,410,210	Form

Collapse to Preview

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Danhakl, John G		See footnote.	Sell	6052026	28.60	2,208,580	63,165,388	315,392,306	Form
2	Galashan, John Kristofer		See footnote.	Sell	6052026	28.60	2,208,580	63,165,388	315,392,306	Form
3	Green, Ltf Holdings II LP		Direct	Sell	6052026	28.60	2,208,580	63,165,388	524,438	Form
4	Partners, Group Private Equity Fund, Llc		See footnote	Sell	6052026	28.60	329,921	9,435,741	47,227,809	Form
5	Partners, Group Private Equity Fund, Llc		See footnote	Sell	5262026	32.51	449,960	14,628,200	64,410,210	Form
6	Green, Ltf Holdings II LP		Direct	Sell	5262026	32.51	3,006,100	97,728,311	715,545	Form
7	Galashan, John Kristofer		See footnote.	Sell	5262026	32.51	3,006,100	97,728,311	430,311,560	Form
8	Danhakl, John G		See footnote.	Sell	5262026	32.51	3,006,100	97,728,311	430,311,560	Form
9	Javaheri, Parham	EVP &PRESIDENT CLUB OPERATIONS	Direct	Sell	5112026	31.80	62,900	2,000,226	7,841,078	Form
10	Partners, Group Private Equity Fund, Llc		See footnote	Sell	5112026	31.46	747,178	23,506,220	76,485,646	Form
11	Green, Ltf Holdings II LP		Direct	Sell	5112026	31.46	4,991,749	157,040,424	849,703	Form
12	Danhakl, John G		See footnote.	Sell	5112026	31.46	4,991,749	157,040,424	510,985,369	Form
13	Galashan, John Kristofer		See footnote.	Sell	5112026	31.46	4,991,749	157,040,424	510,985,369	Form
14	Lasher, Stuart G		Direct	Sell	5082026	32.42	50,000	1,621,135	2,303,892	Form
15	Buss, Eric J	EVP & CHIEF ADMIN. OFFICER	Direct	Sell	5082026	32.02	192,217	6,154,423	15,176,836	Form
16	Weaver, Erik	EVP & Chief Financial Officer	Direct	Sell	5082026	32.69	22,000	719,202	3,732,201	Form
17	Singh, Ritadhwaja Jebens	EVP & CHIEF DIGITAL OFFICER	Direct	Sell	5082026	29.95	40,202	1,204,050	4,143,612	Form
18	Partners, Group Private Equity Fund, Llc		See footnote	Sell	5072026	28.60	542,119	15,504,603	90,901,697	Form
19	Galashan, John Kristofer		See footnote.	Sell	5072026	28.60	2,493,083	71,302,174	641,011,171	Form
20	Green, Ltf Holdings II LP		Direct	Sell	5072026	28.60	2,493,083	71,302,174	1,065,922	Form
21	Danhakl, John G		See footnote.	Sell	5072026	28.60	2,493,083	71,302,174	641,011,171	Form
22	Javaheri, Parham	EVP &PRESIDENT CLUB OPERATIONS	Direct	Sell	3132026	26.46	11,060	292,648	8,339,530	Form
23	Weaver, Erik	EVP & Chief Financial Officer	Direct	Sell	3032026	25.73	1,329	34,193	3,503,347	Form
24	Weaver, Erik	EVP & Chief Financial Officer	Direct	Sell	2032026	29.90	1,493	44,647	2,325,680	Form
25	Singh, Ritadhwaja Jebens	EVP & CHIEF DIGITAL OFFICER	Direct	Sell	2032026	30.31	5,880	178,223	3,095,985	Form
26	Singh, Ritadhwaja Jebens	EVP & CHIEF DIGITAL OFFICER	Direct	Sell	1272026	29.75	12,088	359,618	3,301,268	Form
27	Buss, Eric J	EVP & CHIEF ADMIN. OFFICER	Direct	Sell	12012025	28.05	74,487	2,089,427	10,678,501	Form
28	Buss, Eric J	EVP & CHIEF ADMIN. OFFICER	Direct	Sell	12012025	28.04	162,722	4,562,383	10,673,552	Form
29	Weaver, Erik	EVP & Chief Financial Officer	Direct	Sell	10142025	25.10	4,846	121,625	2,052,138	Form
30	Partners, Group Private Equity (master Fund), Llc		See footnote	Sell	9152025	28.95	745,707	21,588,218	107,708,475	Form
31	Danhakl, John G		See footnote.	Sell	9152025	28.95	4,991,976	144,517,705	721,030,466	Form
32	Green, Ltf Holdings II LP		Direct	Sell	9152025	28.95	4,991,976	144,517,705	1,198,964	Form
33	Galashan, John Kristofer		See footnote.	Sell	9152025	28.95	4,991,976	144,517,705	721,030,466	Form
34	Javaheri, Parham	EVP &PRESIDENT CLUB OPERATIONS	Direct	Sell	8282025	28.05	9,375	262,933	6,735,323	Form
35	Javaheri, Parham	EVP &PRESIDENT CLUB OPERATIONS	Direct	Sell	6162025	27.84	84,744	2,359,180	6,946,529	Form
36	Weaver, Erik	EVP & Chief Financial Officer	Direct	Sell	6102025	28.74	18,000	517,338	2,489,287	Form
37	Singh, Ritadhwaja Jebens	EVP & CHIEF DIGITAL OFFICER	Direct	Sell	6102025	28.80	134,247	3,866,018	3,835,550	Form
38	Danhakl, John G		See footnote.	Sell	6102025	29.38	11,655,582	342,440,999	878,404,327	Form
39	Green, Ltf Holdings II LP		Direct	Sell	6102025	29.38	11,655,582	342,440,999	1,460,656	Form
40	Galashan, John Kristofer		See footnote.	Sell	6102025	29.38	11,655,582	342,440,999	878,404,327	Form
41	Tpg, Gp A, Llc		See Explanation of Responses	Sell	6102025	29.38	8,344,418	245,159,001	628,863,857	Form

LTH Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

Diversification Alternatives

How Is The Market Pricing LTH?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What LTH Makes & Who Pays

TTM figures based on

LTH Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Consumer Discretionary Resources

Retail Dive

Business of Fashion (BoF)

WWD (Women's Wear Daily)

National Retail Federation (NRF)

McKinsey & Company - Consumer

Mintel Consumer Trends

Leisure Facilities Resources

Blooloop

Attractions Management

IAAPA

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Core Cache Last Updated: 6/8/2026

Life Time (LTH)

Market Price (6/9/2026): $33.14 | Market Cap: $7.4 BilSector: Consumer Discretionary | Industry: Leisure Facilities

Life Time (LTH)

Market Price (6/9/2026): $33.14Market Cap: $7.4 BilSector: Consumer DiscretionaryIndustry: Leisure Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

About Life Time (LTH)

Health and Wellness Market

Health and Fitness Club Market

Spa Services Market

Digital Fitness Market

Interactive Breakdown

Better Bets vs. Life Time (LTH)

INDUSTRY: Leisure Facilities

Higher Rev Chg 3Y Avg | Lower P/S (Values for LTH: 16.6% | 2.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LTH: 16.6% | 14.5x)

Higher Rev Chg LTM (Value for LTH: 12.7%)

Higher Rev Chg 3Y Avg (Value for LTH: 16.6%)

Higher Op Mgn LTM (Value for LTH: 16.5%)

Higher CFO/Rev LTM (Value for LTH: 28.8%)

Higher FCF/Rev LTM (Value for LTH: -4.0%)

Higher Total Yield (Value for LTH: 5.2%)

SECTOR: Consumer Discretionary

Higher Rev Chg 3Y Avg | Lower P/S (Values for LTH: 16.6% | 2.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LTH: 16.6% | 14.5x)

Higher Rev Chg LTM (Value for LTH: 12.7%)

Higher Rev Chg 3Y Avg (Value for LTH: 16.6%)

Higher Op Mgn LTM (Value for LTH: 16.5%)

Higher CFO/Rev LTM (Value for LTH: 28.8%)

Higher FCF/Rev LTM (Value for LTH: -4.0%)

Higher Total Yield (Value for LTH: 5.2%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for LTH: 16.6% | 2.4x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LTH: 16.6% | 14.5x)

Higher Rev Chg LTM (Value for LTH: 12.7%)

Higher Rev Chg 3Y Avg (Value for LTH: 16.6%)

Higher Op Mgn LTM (Value for LTH: 16.5%)

Higher CFO/Rev LTM (Value for LTH: 28.8%)

Higher FCF/Rev LTM (Value for LTH: -4.0%)

Higher Total Yield (Value for LTH: 5.2%)

Best Bets in Consumer Discretionary

P/EBIT (Value for LTH: 14.5x)

P/E (Value for LTH: 19.1x)

Rev Chg 3Y Avg (Value for LTH: 16.6%)

Rev Chg LTM (Value for LTH: 12.7%)

Rev Chg Q (Value for LTH: 11.7%)

FCF/Rev 3Y Avg (Value for LTH: -2.4%)

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Market Price (6/9/2026): $33.14
Market Cap: $7.4 Bil
Sector: Consumer Discretionary
Industry: Leisure Facilities