Life Time (LTH)
Market Price (10/30/2026): $45.5 | Market Cap: $10.2 BilSector: Consumer Discretionary | Industry: Leisure Facilities
Life Time (LTH)
Market Price (10/30/2026): $45.5Market Cap: $10.2 BilSector: Consumer DiscretionaryIndustry: Leisure Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28% Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Experiential Retail, and Integrated Premium Wellness Services. | Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 63% Key risksLTH key risks include [1] substantial debt leverage and liquidity pressure indicating a possibility of financial distress, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 13% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Health & Wellness Trends. Themes include Experiential Retail, and Integrated Premium Wellness Services. |
| Trading close to highsDist 52W High is -0.8%, Dist 3Y High is -0.8% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.7% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 63% |
| Key risksLTH key risks include [1] substantial debt leverage and liquidity pressure indicating a possibility of financial distress, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 10/29/2026
Life Time (LTH) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 and Q3 2026 Financial Performance and Upgraded Outlook.
Life Time demonstrated robust operational execution by consistently surpassing analyst expectations in both its fiscal second and third quarters of 2026. For fiscal Q2 2026, which ended June 30, 2026, the company reported an adjusted diluted EPS of $0.48, beating consensus estimates by $0.11, and revenue of $866.0 million, exceeding estimates by over $20 million. Adjusted EBITDA increased 16.8% year-over-year. Following these strong results, Life Time raised its full-year 2026 guidance for comparable center revenue growth to 7.9% to 8.3% and adjusted EBITDA to $940-$955 million. This positive momentum continued into fiscal Q3 2026, which ended September 30, 2026, with adjusted diluted EPS of $0.51 outperforming estimates and revenue of $893.5 million exceeding projections by approximately $18.55 million. Adjusted EBITDA grew 16.5% to $256.3 million. The company further raised its full-year 2026 outlook, marking its sixth consecutive earnings beat and signaling sustained growth to investors.
2. Successful Membership Strategy and Enhanced In-Center Revenue Streams.
The company's strategic focus on optimizing its membership mix by shifting towards higher-value, full-rate premium memberships contributed significantly to increased revenue per membership. This, combined with strong utilization and growth in its in-center offerings, bolstered financial performance. In fiscal Q2 2026, average center revenue per membership rose 11.8% to $993. This trend persisted in fiscal Q3 2026, where comparable center revenue grew 8.7%, driven by an improved membership mix, strategic pricing, and robust performance across in-center businesses, notably Dynamic Personal Training and Life Spa.
Show more
Life Time (LTH) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 and Q3 2026 Financial Performance and Upgraded Outlook.
Life Time demonstrated robust operational execution by consistently surpassing analyst expectations in both its fiscal second and third quarters of 2026. For fiscal Q2 2026, which ended June 30, 2026, the company reported an adjusted diluted EPS of $0.48, beating consensus estimates by $0.11, and revenue of $866.0 million, exceeding estimates by over $20 million. Adjusted EBITDA increased 16.8% year-over-year. Following these strong results, Life Time raised its full-year 2026 guidance for comparable center revenue growth to 7.9% to 8.3% and adjusted EBITDA to $940-$955 million. This positive momentum continued into fiscal Q3 2026, which ended September 30, 2026, with adjusted diluted EPS of $0.51 outperforming estimates and revenue of $893.5 million exceeding projections by approximately $18.55 million. Adjusted EBITDA grew 16.5% to $256.3 million. The company further raised its full-year 2026 outlook, marking its sixth consecutive earnings beat and signaling sustained growth to investors.
2. Successful Membership Strategy and Enhanced In-Center Revenue Streams.
The company's strategic focus on optimizing its membership mix by shifting towards higher-value, full-rate premium memberships contributed significantly to increased revenue per membership. This, combined with strong utilization and growth in its in-center offerings, bolstered financial performance. In fiscal Q2 2026, average center revenue per membership rose 11.8% to $993. This trend persisted in fiscal Q3 2026, where comparable center revenue grew 8.7%, driven by an improved membership mix, strategic pricing, and robust performance across in-center businesses, notably Dynamic Personal Training and Life Spa.
Show more
Updated on 10/29/2026
Life Time (LTH) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 and Q3 2026 Financial Performance and Upgraded Outlook.
Life Time demonstrated robust operational execution by consistently surpassing analyst expectations in both its fiscal second and third quarters of 2026. For fiscal Q2 2026, which ended June 30, 2026, the company reported an adjusted diluted EPS of $0.48, beating consensus estimates by $0.11, and revenue of $866.0 million, exceeding estimates by over $20 million. Adjusted EBITDA increased 16.8% year-over-year. Following these strong results, Life Time raised its full-year 2026 guidance for comparable center revenue growth to 7.9% to 8.3% and adjusted EBITDA to $940-$955 million. This positive momentum continued into fiscal Q3 2026, which ended September 30, 2026, with adjusted diluted EPS of $0.51 outperforming estimates and revenue of $893.5 million exceeding projections by approximately $18.55 million. Adjusted EBITDA grew 16.5% to $256.3 million. The company further raised its full-year 2026 outlook, marking its sixth consecutive earnings beat and signaling sustained growth to investors.
2. Successful Membership Strategy and Enhanced In-Center Revenue Streams.
The company's strategic focus on optimizing its membership mix by shifting towards higher-value, full-rate premium memberships contributed significantly to increased revenue per membership. This, combined with strong utilization and growth in its in-center offerings, bolstered financial performance. In fiscal Q2 2026, average center revenue per membership rose 11.8% to $993. This trend persisted in fiscal Q3 2026, where comparable center revenue grew 8.7%, driven by an improved membership mix, strategic pricing, and robust performance across in-center businesses, notably Dynamic Personal Training and Life Spa.
3. Ambitious and Expanding Club Footprint.
Life Time's ongoing commitment to significant club expansion underscored its growth potential. The company remained on track to open 14 new clubs in fiscal 2026. These new developments are notable for their large format, collectively adding approximately 1.3 million square feet, which nearly doubles the square footage of new clubs from previous years (2024 and 2025). This aggressive expansion plan demonstrated a clear path to increasing market presence and revenue generation.
4. Favorable Consumer Discretionary Spending and Alignment with Fitness Trends.
A resilient consumer environment, characterized by strong discretionary spending and a growing interest in health and wellness experiences, provided a tailwind for Life Time. In Q3 2026, U.S. consumer spending increased by 3.8%, with discretionary spending showing faster growth as consumers prioritized experiences. The Leisure & Recreation sector specifically saw double-digit growth of 13.4% in Q3 2026. Life Time's premium athletic country club model, with its diverse offerings including advanced personal training, spa services, and popular activities like pickleball (with in-app integration), aligns well with prominent fitness industry trends for 2026, such as wearable technology, personalized training, and a focus on holistic wellness.
Show less
Life Time (LTH) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 and Q3 2026 Financial Performance and Upgraded Outlook.
Life Time demonstrated robust operational execution by consistently surpassing analyst expectations in both its fiscal second and third quarters of 2026. For fiscal Q2 2026, which ended June 30, 2026, the company reported an adjusted diluted EPS of $0.48, beating consensus estimates by $0.11, and revenue of $866.0 million, exceeding estimates by over $20 million. Adjusted EBITDA increased 16.8% year-over-year. Following these strong results, Life Time raised its full-year 2026 guidance for comparable center revenue growth to 7.9% to 8.3% and adjusted EBITDA to $940-$955 million. This positive momentum continued into fiscal Q3 2026, which ended September 30, 2026, with adjusted diluted EPS of $0.51 outperforming estimates and revenue of $893.5 million exceeding projections by approximately $18.55 million. Adjusted EBITDA grew 16.5% to $256.3 million. The company further raised its full-year 2026 outlook, marking its sixth consecutive earnings beat and signaling sustained growth to investors.
2. Successful Membership Strategy and Enhanced In-Center Revenue Streams.
The company's strategic focus on optimizing its membership mix by shifting towards higher-value, full-rate premium memberships contributed significantly to increased revenue per membership. This, combined with strong utilization and growth in its in-center offerings, bolstered financial performance. In fiscal Q2 2026, average center revenue per membership rose 11.8% to $993. This trend persisted in fiscal Q3 2026, where comparable center revenue grew 8.7%, driven by an improved membership mix, strategic pricing, and robust performance across in-center businesses, notably Dynamic Personal Training and Life Spa.
3. Ambitious and Expanding Club Footprint.
Life Time's ongoing commitment to significant club expansion underscored its growth potential. The company remained on track to open 14 new clubs in fiscal 2026. These new developments are notable for their large format, collectively adding approximately 1.3 million square feet, which nearly doubles the square footage of new clubs from previous years (2024 and 2025). This aggressive expansion plan demonstrated a clear path to increasing market presence and revenue generation.
4. Favorable Consumer Discretionary Spending and Alignment with Fitness Trends.
A resilient consumer environment, characterized by strong discretionary spending and a growing interest in health and wellness experiences, provided a tailwind for Life Time. In Q3 2026, U.S. consumer spending increased by 3.8%, with discretionary spending showing faster growth as consumers prioritized experiences. The Leisure & Recreation sector specifically saw double-digit growth of 13.4% in Q3 2026. Life Time's premium athletic country club model, with its diverse offerings including advanced personal training, spa services, and popular activities like pickleball (with in-app integration), aligns well with prominent fitness industry trends for 2026, such as wearable technology, personalized training, and a focus on holistic wellness.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 11.0% change in LTH stock from 6/30/2026 to 10/29/2026 was primarily driven by a 4.1% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10292026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.84 | 45.35 | 11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,078 | 3,182 | 3.4% |
| Net Income Margin (%) | 12.5% | 13.0% | 4.1% |
| P/E Multiple | 23.5 | 24.3 | 3.6% |
| Shares Outstanding (Mil) | 222 | 223 | -0.3% |
| Cumulative Contribution | 11.0% |
Market Drivers
6/30/2026 to 10/29/2026| Return | Correlation | |
|---|---|---|
| LTH | 11.0% | |
| Market (SPY) | 3.0% | -5.6% |
| Sector (XLY) | -0.9% | 17.2% |
Fundamental Drivers
The 68.3% change in LTH stock from 3/31/2026 to 10/29/2026 was primarily driven by a 52.9% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10292026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.94 | 45.35 | 68.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,995 | 3,182 | 6.2% |
| Net Income Margin (%) | 12.5% | 13.0% | 4.5% |
| P/E Multiple | 15.9 | 24.3 | 52.9% |
| Shares Outstanding (Mil) | 221 | 223 | -0.9% |
| Cumulative Contribution | 68.3% |
Market Drivers
3/31/2026 to 10/29/2026| Return | Correlation | |
|---|---|---|
| LTH | 68.3% | |
| Market (SPY) | 18.6% | 14.2% |
| Sector (XLY) | 6.8% | 21.8% |
Fundamental Drivers
The 64.3% change in LTH stock from 9/30/2025 to 10/29/2026 was primarily driven by a 62.4% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10292026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.60 | 45.35 | 64.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,824 | 3,182 | 12.7% |
| Net Income Margin (%) | 8.0% | 13.0% | 62.4% |
| P/E Multiple | 26.7 | 24.3 | -8.8% |
| Shares Outstanding (Mil) | 219 | 223 | -1.5% |
| Cumulative Contribution | 64.3% |
Market Drivers
9/30/2025 to 10/29/2026| Return | Correlation | |
|---|---|---|
| LTH | 64.3% | |
| Market (SPY) | 16.4% | 25.1% |
| Sector (XLY) | -2.4% | 32.5% |
Fundamental Drivers
The 198.2% change in LTH stock from 9/30/2023 to 10/29/2026 was primarily driven by a 221.0% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10292026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.21 | 45.35 | 198.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,042 | 3,182 | 55.9% |
| Net Income Margin (%) | 4.1% | 13.0% | 221.0% |
| P/E Multiple | 35.9 | 24.3 | -32.1% |
| Shares Outstanding (Mil) | 195 | 223 | -12.2% |
| Cumulative Contribution | 198.2% |
Market Drivers
9/30/2023 to 10/29/2026| Return | Correlation | |
|---|---|---|
| LTH | 198.2% | |
| Market (SPY) | 86.2% | 41.2% |
| Sector (XLY) | 47.7% | 42.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LTH Return | -3% | -31% | 26% | 47% | 20% | 62% | 143% |
| Peers Return | 7% | -25% | 6% | 24% | -21% | -26% | -39% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| LTH Win Rate | 33% | 42% | 33% | 67% | 42% | 50% | |
| Peers Win Rate | 50% | 40% | 58% | 50% | 48% | 38% | |
| 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% | -49% | |
| 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 10/29/2026 (YTD)
How Low Can It Go
| 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 |
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
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Asset Allocation
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| 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 |
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)
Life Time Group Holdings, Inc. (LTH) operates as a premier health, fitness, and wellness company across the United States and Canada. The company distinguishes itself by designing, building, and operating expansive, resort-like centers that offer a comprehensive suite of sports, athletic, professional fitness, family recreation, and spa amenities. These high-end facilities are strategically located in suburban and urban metropolitan areas, providing a luxury experience for its members.
At its core, Life Time provides extensive physical centers equipped with state-of-the-art fitness floors, group studios, indoor and outdoor pools, tennis and basketball courts, full-service locker rooms, bistros, and dedicated LifeSpa and LifeCafe offerings. The centers also cater to families with childcare and Kids Academy learning spaces. Complementing its physical footprint, Life Time offers a robust digital platform, Life Time Digital, which includes live-streaming fitness classes, remote personal training, nutrition support, and curated wellness content, including integration with Apple Fitness+. The company also engages in media activities and hosts athletic events.
Life Time primarily serves individual members and families seeking an all-encompassing, high-quality health and wellness lifestyle. Its target market comprises communities in metropolitan areas who desire premium fitness facilities combined with spa services, healthy dining options, and family-oriented amenities, all within a sophisticated, resort-like environment. This integrated approach aims to meet a broad spectrum of wellness needs for its members.
AI Analysis | Feedback
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.
AI Analysis | Feedback
- 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.
AI Analysis | Feedback
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.
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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.
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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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
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.
AI Analysis | Feedback
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.
Peer Outperformance in Leisure Facilities
LTH has outperformed 82% of its 11 Leisure Facilities peers over 5Y. Leisure Facilities ranks 16th of 22 industries in Consumer Discretionary by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Leisure Facilities constituents that LTH has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
71%
of 14 industry peers · 81.2% return
3Y
100%
of 11 industry peers · 282.1% return
5Y
82%
of 11 industry peers · 161.5% return
No Leisure Facilities peer with a comparable growth profile has beaten LTH by more than 20pp over 5Y.
Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Leisure Facilities is LTH's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -8.2% | 46.1% | 85.4% | CVSA 249% · LRN 127% · GHC 108% |
| Homebuilding | 17 | -1.2% | 48.0% | 28.6% | PHM 171% · TOL 153% · GRBK 140% |
| Hotels, Resorts & Cruise Lines | 21 | 15.9% | 46.2% | 24.6% | RCL 280% · MAR 161% · HLT 151% |
| Home Furnishings | 3 | -3.2% | 63.6% | 3.1% | SGI 53% · MHK -27% |
| Automotive Retail | 17 | -7.0% | 17.8% | 1.8% | MUSA 240% · PAG 126% · ORLY 112% |
| Home Improvement Retail | 5 | -11.2% | 17.3% | -2.1% | HD 0% · LOW -2% · FND -63% |
| Footwear | 9 | 77.4% | 71.8% | -6.9% | DECK 26% · SHOO 12% · CROX -7% |
| Restaurants | 35 | -2.1% | -3.2% | -14.4% | EAT 424% · CAKE 213% · TXRH 125% |
| Specialized Consumer Services | 10 | -4.5% | 46.1% | -17.3% | HRB 154% · FTDR 134% · ADT 34% |
| Distributors | 4 | -14.0% | -13.2% | -24.8% | ARMK 125% · GPC 8% · POOL -57% |
| Leisure Products | 14 | -18.7% | -5.2% | -33.4% | GOLF 80% · HAS 52% · BC -11% |
| Household Appliances | 18 | 16.4% | 19.1% | -36.4% | |
| Apparel Retail | 26 | 1.0% | -4.7% | -37.5% | ANF 319% · TJX 132% · ROST 117% |
| Apparel, Accessories & Luxury Goods | 29 | 9.4% | 21.8% | -39.3% | RL 247% · TPR 243% · KTB 71% |
| Broadline Retail | 12 | -0.5% | 35.4% | -41.0% | EBAY 72% · AMZN 45% · OLLI 37% |
| Leisure Facilities ← | 12 | 11.4% | 1.5% | -41.1% | OSW 184% · LTH 162% · PLNT -32% |
| Automotive Parts & Equipment | 39 | -11.0% | -4.1% | -45.0% | MOD 1162% · GTX 244% · PATK 60% |
| Casinos & Gaming | 20 | -20.7% | -17.7% | -47.2% | BYD 19% · RRR 14% · LVS 2% |
| Computer & Electronics Retail | 3 | 2.7% | 80.1% | -47.7% | BBY 4% · GME -48% |
| Other Specialty Retail | 24 | -15.3% | -10.7% | -59.8% | ULTA 76% · ASO 47% · DKS 29% |
| Automobile Manufacturers | 8 | -16.5% | -41.9% | -70.7% | GM 64% · TSLA 9% · F -1% |
| Consumer Electronics | 11 | -33.6% | -26.5% | -78.7% | GRMN 116% · SONO -46% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 49.60 |
| Mkt Cap | 7.1 |
| Rev LTM | 2,814 |
| Op Inc LTM | 493 |
| FCF LTM | 320 |
| FCF 3Y Avg | 211 |
| CFO LTM | 667 |
| CFO 3Y Avg | 538 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 9.4% |
| Rev Chg Q | 3.6% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | 33.2% |
| Op Inc Chg 3Y Avg | 25.1% |
| Op Mgn LTM | 17.6% |
| Op Mgn 3Y Avg | 17.8% |
| QoQ Delta Op Mgn LTM | 0.8% |
| CFO/Rev LTM | 20.9% |
| CFO/Rev 3Y Avg | 21.5% |
| FCF/Rev LTM | 13.8% |
| FCF/Rev 3Y Avg | 10.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.1 |
| P/S | 2.0 |
| P/Op Inc | 10.1 |
| P/EBIT | 10.7 |
| P/E | 20.9 |
| P/CFO | 7.9 |
| Total Yield | 4.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.5% |
| D/E | 0.6 |
| Net D/E | 0.3 |
Price Behavior
Price Behavior
| Market Price | $45.35 | |
| Market Cap ($ Bil) | 10.1 | |
| First Trading Date | 10/07/2021 | |
| Distance from 52W High | -0.8% | |
| 50 Days | 200 Days | |
| DMA Price | $41.67 | $35.14 |
| DMA Trend | down | up |
| Distance from DMA | 8.8% | 29.0% |
| 3M | 1YR | |
| Volatility | 30.4% | 37.6% |
| Downside Capture | 59.37 | 62.96 |
| Upside Capture | 23.62 | 116.81 |
| Correlation (S&P 500) | -3.3% | 26.1% |
LTH Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.01 | -0.07 | -0.09 | 0.56 | 0.78 | 1.12 |
| Up Beta | -4.03 | -0.48 | -1.61 | 0.51 | 1.02 | 1.19 |
| Down Beta | -2.46 | -2.30 | -0.70 | -0.41 | 0.34 | 0.88 |
| Up Capture | 27% | -10% | 43% | 117% | 98% | 199% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 22 | 36 | 68 | 125 | 393 |
| Down Capture | 157% | 112% | 68% | 48% | 76% | 103% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 20 | 28 | 58 | 124 | 347 |
[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 | 77.4% | 37.6% | 1.59 | - |
| Sector ETF (XLY) | -3.1% | 19.3% | -0.29 | 31.2% |
| Equity (SPY) | 13.0% | 12.7% | 0.67 | 24.6% |
| Gold (GLD) | 1.2% | 28.4% | 0.03 | 6.4% |
| Commodities (DBC) | 49.5% | 20.6% | 1.83 | -26.8% |
| Real Estate (VNQ) | 7.2% | 14.0% | 0.25 | 33.6% |
| Bitcoin (BTCUSD) | -29.5% | 43.4% | -0.69 | 4.7% |
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 | 20.7% | 46.6% | 0.55 | - |
| Sector ETF (XLY) | 4.6% | 24.1% | 0.15 | 48.9% |
| Equity (SPY) | 12.6% | 17.1% | 0.55 | 48.2% |
| Gold (GLD) | 17.2% | 18.9% | 0.73 | 5.3% |
| Commodities (DBC) | 9.4% | 19.5% | 0.36 | 1.1% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.06 | 47.7% |
| Bitcoin (BTCUSD) | 5.1% | 51.6% | 0.28 | 20.8% |
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 | 9.9% | 46.6% | 0.55 | - |
| Sector ETF (XLY) | 12.5% | 22.2% | 0.51 | 48.6% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 48.0% |
| Gold (GLD) | 11.8% | 16.4% | 0.58 | 5.4% |
| Commodities (DBC) | 8.1% | 18.1% | 0.36 | 1.0% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 47.6% |
| Bitcoin (BTCUSD) | 62.3% | 66.2% | 1.02 | 20.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | -3.3% | -0.9% | -3.0% |
| 5/5/2026 | 11.8% | 23.1% | 20.9% |
| 2/24/2026 | -5.0% | -6.1% | -5.1% |
| 11/4/2025 | -3.1% | -1.8% | 2.0% |
| 8/5/2025 | -9.7% | -2.6% | -2.9% |
| 5/8/2025 | -6.7% | -11.3% | -12.0% |
| 2/27/2025 | -2.7% | -3.8% | -2.6% |
| 10/24/2024 | -8.1% | -8.6% | -3.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 12 |
| # Negative | 13 | 11 | 9 |
| Median Positive | 5.9% | 14.2% | 13.2% |
| Median Negative | -5.0% | -6.1% | -5.1% |
| Max Positive | 18.4% | 23.8% | 31.6% |
| Max Negative | -15.2% | -17.3% | -21.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/30/2026 | -3.3% | -0.9% | -3.0% |
| 5/5/2026 | 11.8% | 23.1% | 20.9% |
| 2/24/2026 | -5.0% | -6.1% | -5.1% |
| 11/4/2025 | -3.1% | -1.8% | 2.0% |
| 8/5/2025 | -9.7% | -2.6% | -2.9% |
| 5/8/2025 | -6.7% | -11.3% | -12.0% |
| 2/27/2025 | -2.7% | -3.8% | -2.6% |
| 10/24/2024 | -8.1% | -8.6% | -3.7% |
| 8/1/2024 | 6.0% | 9.7% | 13.1% |
| 5/1/2024 | -4.8% | 10.5% | 20.7% |
| 2/28/2024 | 0.2% | 2.7% | 13.2% |
| 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 | -1.2% | -6.4% | -7.9% |
| 1/9/2023 | 5.9% | 20.5% | 31.6% |
| 11/9/2022 | 18.4% | 23.8% | 30.6% |
| 8/10/2022 | 0.7% | -0.7% | -17.0% |
| 5/11/2022 | 3.2% | 21.4% | 21.6% |
| 3/10/2022 | -10.8% | 7.3% | 10.9% |
| 10/28/2021 | -3.6% | 1.4% | 11.0% |
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 12 |
| # Negative | 13 | 11 | 9 |
| Median Positive | 5.9% | 14.2% | 13.2% |
| Median Negative | -5.0% | -6.1% | -5.1% |
| Max Positive | 18.4% | 23.8% | 31.6% |
| Max Negative | -15.2% | -17.3% | -21.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/30/2026 | 10-Q |
| 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 |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
| 09/30/2021 | 11/17/2021 | 10-Q |
| 06/30/2021 | 10/08/2021 | 424B4 |
Recent Forward Guidance
Updated 10/29/2026Latest: Q3 2026 Earnings Reported 10/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Sale-Leaseback Transactions | Reported | 135.00 Mil | ||||||
| 2026 Rent | Reported | 378.00 Mil | 380.00 Mil | 382.00 Mil | -0.3% | Lowered | Guidance: 381.00 Mil for 2026 | |
| 2026 New Club Openings | Reported | 14 | ||||||
| 2026 Sale-Leaseback Transactions | Reported | 400.00 Mil | ||||||
| 2026 Comparable Center Revenue Growth | Reported | 8.5% | 8.6% | 8.7% | 0.5% | Raised | Guidance: 8.1% for 2026 | |
| 2026 Non-Cash Rent Expense | Reported | 33.00 Mil | 34.00 Mil | 35.00 Mil | 1.5% | Raised | Guidance: 33.50 Mil for 2026 | |
| 2026 Revenue | Reported | 3.38 Bil | 3.38 Bil | 3.39 Bil | 0.7% | Raised | Guidance: 3.36 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 958.00 Mil | 960.00 Mil | 962.00 Mil | 1.3% | Raised | Guidance: 947.50 Mil for 2026 | |
| 2026 Net Debt to Adjusted EBITDA Leverage Ratio | Reported | 2 | 2 | |||||
| 2026 Interest Expense, Net of Interest Income | Reported | 59.00 Mil | 60.50 Mil | 62.00 Mil | -0.8% | Lowered | Guidance: 61.00 Mil for 2026 | |
| 2026 Capitalized Interest Expense | Reported | 27.00 Mil | 28.00 Mil | 29.00 Mil | ||||
| 2026 Income Tax Rate | Reported | 27.0% | 0.0% | Affirmed | Guidance: 27.0% for 2026 | |||
| 2026 Cash Income Tax Expense | Reported | 82.00 Mil | 82.50 Mil | 83.00 Mil | -20.7% | Lowered | Guidance: 104.00 Mil for 2026 | |
| 2026 Net Income | Reported | 358.00 Mil | 359.00 Mil | 360.00 Mil | -0.4% | Lowered | Guidance: 360.50 Mil for 2026 | |
| 2026 Adjusted Net Income | Reported | 408.00 Mil | 410.00 Mil | 412.00 Mil | 3.0% | Raised | Guidance: 398.00 Mil for 2026 | |
| 2026 Diluted Common Shares Outstanding | Reported | 228.00 Mil | 228.50 Mil | 229.00 Mil | 0.2% | Raised | Guidance: 228.00 Mil for 2026 | |
| 2026 Maintenance Capital Expenditures | Reported | 140.00 Mil | 145.00 Mil | 150.00 Mil | 0 | Affirmed | Guidance: 145.00 Mil for 2026 | |
| 2026 Modernization and Technology Capital Expenditures | Reported | 140.00 Mil | 145.00 Mil | 150.00 Mil | 0 | Affirmed | Guidance: 145.00 Mil for 2026 | |
| 2026 Growth Capital Expenditures | Reported | 8.85E10% | 8.975E10% | 9.1E10% | 0 | Affirmed | Guidance: 8.975E10% for 2026 | |
Prior: Q2 2026 Earnings Reported 7/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Rent | Reported | 378.00 Mil | 381.00 Mil | 384.00 Mil | ||||
| 2026 Comparable Center Revenue Growth | Reported | 7.9% | 8.1% | 8.3% | 0.9% | Raised | Guidance: 7.2% for 2026 | |
| 2026 Non-cash Rent Expense | Reported | 32.00 Mil | 33.50 Mil | 35.00 Mil | ||||
| 2026 Weighted-average Diluted Common Shares | Reported | 227.00 Mil | 228.00 Mil | 229.00 Mil | ||||
| 2026 Total Revenue | Reported | 3.35 Bil | 3.36 Bil | 3.38 Bil | 0.8% | Raised | Guidance: 3.33 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 940.00 Mil | 947.50 Mil | 955.00 Mil | 1.6% | Raised | Guidance: 932.50 Mil for 2026 | |
| 2026 Interest Expense, net | Reported | 59.00 Mil | 61.00 Mil | 63.00 Mil | ||||
| 2026 Cash Income Tax Expense | Reported | 103.00 Mil | 104.00 Mil | 105.00 Mil | ||||
| 2026 Provision for Income Tax Rate | Reported | 27.0% | ||||||
| 2026 Net Income | Reported | 358.00 Mil | 360.50 Mil | 363.00 Mil | 5.3% | Raised | Guidance: 342.50 Mil for 2026 | |
| 2026 Adjusted Net Income | Reported | 394.00 Mil | 398.00 Mil | 402.00 Mil | ||||
| 2026 Maintenance Capital Expenditures | Reported | 140.00 Mil | 145.00 Mil | 150.00 Mil | ||||
| 2026 Modernization and Technology Capital Expenditures | Reported | 140.00 Mil | 145.00 Mil | 150.00 Mil | ||||
| 2026 Growth Capital Expenditures | Reported | 8.85E10% | 8.975E10% | 9.1E10% | 0.3% | Raised | Guidance: 8.95E10% for 2026 | |
Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable center revenue growth | Reported | 6.9% | 7.2% | 7.5% | 0.4% | Raised | Guidance: 6.8% for 2026 | |
| 2026 Revenue | Reported | 3.32 Bil | 3.33 Bil | 3.35 Bil | 0.6% | Raised | Guidance: 3.31 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 925.00 Mil | 932.50 Mil | 940.00 Mil | 1.6% | Raised | Guidance: 917.50 Mil for 2026 | |
| 2026 Net Income | Reported | 340.00 Mil | 342.50 Mil | 345.00 Mil | 2.9% | Raised | Guidance: 333.00 Mil for 2026 | |
| 2026 Growth capital expenditures | Reported | 8.75E10% | 8.95E10% | 9.15E10% | ||||
Q4 2025 Earnings Reported 2/24/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable center revenue growth | Reported | 6.3% | 6.8% | 7.3% | -4.1% | Lower New | Actual: 10.9% for 2025 | |
| 2026 Total revenue | Reported | 3.30 Bil | 3.31 Bil | 3.33 Bil | 11.1% | Higher New | Actual: 2.98 Bil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 910.00 Mil | 917.50 Mil | 925.00 Mil | 11.6% | Higher New | Actual: 822.00 Mil for 2025 | |
| 2026 Net Income | Reported | 330.00 Mil | 333.00 Mil | 336.00 Mil | 9.2% | Higher New | Actual: 305.00 Mil for 2025 | |
| 2026 Adjusted net income | Reported | 369.00 Mil | 373.50 Mil | 378.00 Mil | ||||
| 2026 Weighted-average diluted common shares outstanding | Reported | 229.00 Mil | 230.00 Mil | 231.00 Mil | ||||
Insider Activity
Updated 10/14/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Weaver, Erik | EVP & Chief Financial Officer | Direct | Sell | 10142026 | 39.77 | 5,787 | 230,149 | 3,306,120 | Form |
| 2 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 9112026 | 42.00 | 154,912 | 6,506,304 | 5,810,742 | Form |
| 3 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 9112026 | 42.04 | 18,729 | 787,358 | 5,816,207 | Form |
| 4 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 9082026 | 44.00 | 5,666 | 249,304 | 6,087,444 | Form |
| 5 | Danhakl, John G | See footnote. | Sell | 8282026 | 43.80 | 2,879,154 | 126,106,945 | 132,689,910 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Weaver, Erik | EVP & Chief Financial Officer | Direct | Sell | 10142026 | 39.77 | 5,787 | 230,149 | 3,306,120 | Form |
| 2 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 9112026 | 42.00 | 154,912 | 6,506,304 | 5,810,742 | Form |
| 3 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 9112026 | 42.04 | 18,729 | 787,358 | 5,816,207 | Form |
| 4 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 9082026 | 44.00 | 5,666 | 249,304 | 6,087,444 | Form |
| 5 | Danhakl, John G | See footnote. | Sell | 8282026 | 43.80 | 2,879,154 | 126,106,945 | 132,689,910 | Form | |
| 6 | Green, Ltf Holdings II LP | Direct | Sell | 8282026 | 43.80 | 2,879,154 | 126,106,945 | 220,621 | Form | |
| 7 | Galashan, John Kristofer | See footnote. | Sell | 8282026 | 43.80 | 2,879,154 | 126,106,945 | 132,689,910 | Form | |
| 8 | Galashan, John Kristofer | See footnote. | Sell | 8122026 | 43.16 | 5,119,099 | 220,940,313 | 255,015,349 | Form | |
| 9 | Danhakl, John G | See footnote. | Sell | 8122026 | 43.16 | 5,119,099 | 220,940,313 | 255,015,349 | Form | |
| 10 | Green, Ltf Holdings II LP | Direct | Sell | 8122026 | 43.16 | 5,119,099 | 220,940,313 | 424,047 | Form | |
| 11 | Weaver, Erik | EVP & Chief Financial Officer | Direct | Sell | 8042026 | 44.80 | 47,748 | 2,139,110 | 3,983,526 | Form |
| 12 | Javaheri, Parham | EVP &PRESIDENT CLUB OPERATIONS | Direct | Sell | 8042026 | 45.09 | 63,203 | 2,849,697 | 8,267,832 | Form |
| 13 | Akradi, Bahram | FOUNDER & CEO | Direct | Sell | 8042026 | 45.03 | 438,257 | 19,734,434 | 162,785,024 | Form |
| 14 | Buss, Eric J | EVP & CHIEF ADMIN. OFFICER | Direct | Sell | 8042026 | 44.97 | 479,240 | 21,552,429 | 21,317,135 | Form |
| 15 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 6262026 | 38.65 | 67,751 | 2,618,576 | 5,347,266 | Form |
| 16 | Almendares, Jimena | Direct | Sell | 6122026 | 33.59 | 40,589 | 1,363,527 | 1,242,388 | Form | |
| 17 | Danhakl, John G | See footnote. | Sell | 6052026 | 28.60 | 2,208,580 | 63,165,388 | 315,392,306 | Form | |
| 18 | Galashan, John Kristofer | See footnote. | Sell | 6052026 | 28.60 | 2,208,580 | 63,165,388 | 315,392,306 | Form | |
| 19 | Green, Ltf Holdings II LP | Direct | Sell | 6052026 | 28.60 | 2,208,580 | 63,165,388 | 524,438 | Form | |
| 20 | Partners, Group Private Equity Fund, Llc | See footnote | Sell | 6052026 | 28.60 | 329,921 | 9,435,741 | 47,227,809 | Form | |
| 21 | Partners, Group Private Equity Fund, Llc | See footnote | Sell | 5262026 | 32.51 | 449,960 | 14,628,200 | 64,410,210 | Form | |
| 22 | Green, Ltf Holdings II LP | Direct | Sell | 5262026 | 32.51 | 3,006,100 | 97,728,311 | 715,545 | Form | |
| 23 | Galashan, John Kristofer | See footnote. | Sell | 5262026 | 32.51 | 3,006,100 | 97,728,311 | 430,311,560 | Form | |
| 24 | Danhakl, John G | See footnote. | Sell | 5262026 | 32.51 | 3,006,100 | 97,728,311 | 430,311,560 | Form | |
| 25 | Javaheri, Parham | EVP &PRESIDENT CLUB OPERATIONS | Direct | Sell | 5112026 | 31.80 | 62,900 | 2,000,226 | 7,841,078 | Form |
| 26 | Partners, Group Private Equity Fund, Llc | See footnote | Sell | 5112026 | 31.46 | 747,178 | 23,506,220 | 76,485,646 | Form | |
| 27 | Green, Ltf Holdings II LP | Direct | Sell | 5112026 | 31.46 | 4,991,749 | 157,040,424 | 849,703 | Form | |
| 28 | Danhakl, John G | See footnote. | Sell | 5112026 | 31.46 | 4,991,749 | 157,040,424 | 510,985,369 | Form | |
| 29 | Galashan, John Kristofer | See footnote. | Sell | 5112026 | 31.46 | 4,991,749 | 157,040,424 | 510,985,369 | Form | |
| 30 | Lasher, Stuart G | Direct | Sell | 5082026 | 32.42 | 50,000 | 1,621,135 | 2,303,892 | Form | |
| 31 | Buss, Eric J | EVP & CHIEF ADMIN. OFFICER | Direct | Sell | 5082026 | 32.02 | 192,217 | 6,154,423 | 15,176,836 | Form |
| 32 | Weaver, Erik | EVP & Chief Financial Officer | Direct | Sell | 5082026 | 32.69 | 22,000 | 719,202 | 3,732,201 | Form |
| 33 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 5082026 | 29.95 | 40,202 | 1,204,050 | 4,143,612 | Form |
| 34 | Partners, Group Private Equity Fund, Llc | See footnote | Sell | 5072026 | 28.60 | 542,119 | 15,504,603 | 90,901,697 | Form | |
| 35 | Galashan, John Kristofer | See footnote. | Sell | 5072026 | 28.60 | 2,493,083 | 71,302,174 | 641,011,171 | Form | |
| 36 | Green, Ltf Holdings II LP | Direct | Sell | 5072026 | 28.60 | 2,493,083 | 71,302,174 | 1,065,922 | Form | |
| 37 | Danhakl, John G | See footnote. | Sell | 5072026 | 28.60 | 2,493,083 | 71,302,174 | 641,011,171 | Form | |
| 38 | Javaheri, Parham | EVP &PRESIDENT CLUB OPERATIONS | Direct | Sell | 3132026 | 26.46 | 11,060 | 292,648 | 8,339,530 | Form |
| 39 | Weaver, Erik | EVP & Chief Financial Officer | Direct | Sell | 3032026 | 25.73 | 1,329 | 34,193 | 3,503,347 | Form |
| 40 | Weaver, Erik | EVP & Chief Financial Officer | Direct | Sell | 2032026 | 29.90 | 1,493 | 44,647 | 2,325,680 | Form |
| 41 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 2032026 | 30.31 | 5,880 | 178,223 | 3,095,985 | Form |
| 42 | Singh, Ritadhwaja Jebens | EVP & CHIEF DIGITAL OFFICER | Direct | Sell | 1272026 | 29.75 | 12,088 | 359,618 | 3,301,268 | Form |
| 43 | Buss, Eric J | EVP & CHIEF ADMIN. OFFICER | Direct | Sell | 12012025 | 28.05 | 74,487 | 2,089,427 | 10,678,501 | Form |
| 44 | Buss, Eric J | EVP & CHIEF ADMIN. OFFICER | Direct | Sell | 12012025 | 28.04 | 162,722 | 4,562,383 | 10,673,552 | Form |
| 45 | Weaver, Erik | EVP & Chief Financial Officer | Direct | Sell | 10142025 | 25.10 | 4,846 | 121,625 | 2,052,138 | Form |
Investor Activity (13F)
Updated Oct 30, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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