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Life Time Group Holdings

LTH on NYSE. Life Time Group Holdings sells gym memberships to people who live in coastal and suburban areas. Market value $9.0bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Retail & consumer stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
-1.7%low

For every $100 of what the whole company costs, it produced $-1.69 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
18.6×full

You pay 18.6 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
4.3%five-year median

Each dollar kept in the business earns 4 cents a year. Above 10 is good.

Quality score: 63 of 100. Price score: 46 of 100. Our list needs 70 on quality and 60 on price.

$40.06 a share, 66% above its 1-year low

Over the past year the price has ranged from $24.14 to $47.24.

Pays no dividend

Prices from Monday’s close (5 October).

Five years of cash, in billions

-0.3
-0.4
-0.2
0.1
-0.0
-0.2
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: a shortfall of $151 million in the past 12 months, a shortfall of $21 million in the year to December 2025.

Revenue
$1.3bn$1.8bn$2.2bn$2.6bn$3.0bn
Operating margin
-37.6%6.1%10.2%13.6%16.1%
Debt to equity
0.860.860.860.590.49
Shares outstanding
0.19bn0.20bn0.21bn0.22bn0.22bn

Health checks

  • Free cash flow positive1 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)8 of 9
  • Profit backed by cash (accruals)Yes
  • Debt0.49× equity
  • Revenue growth, five yearsStrong, 22.8% a year
  • Buying back its own sharesNo, 15% more shares since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $866 million last quarter, up 14% on a year ago.
  • Profit: $101 million, up 41% on a year ago.
  • It keeps 17 cents of each $1 of sales as operating profit, up from 14 cents a year earlier.
  • Over the past 12 months it spent $151 million more cash than it brought in. A year earlier it had $106 million spare.
  • 1% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $1.3 billion more than cash, about the same as a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$693m
December 2024$663m
March 2025$706m
June 2025$761m
September 2025$783m
December 2025$745m
March 2026$789m
June 2026$866m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$41m
December 2024$37m
March 2025$76m
June 2025$72m
September 2025$102m
December 2025$123m
March 2026$88m
June 2026$101m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
24 February 2026
Next quarterly (estimated, 10-Q)
29 October 2026

Who owns it

5 long-term investors we follow own it, up from 4 last quarter. 372 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

7 investors own more than 5%.

  • BlackRock, Inc.
    Passive investor
    10.0%+0.3 pts
    Since 31 August 2026
  • Bahram Akradi
    Insider or founder
    7.3%
    Since 27 February 2025
    What they said

    Item 4 of the Schedule 13D is hereby amended and supplemented as follows: On February 27, 2025, the Issuer, the Reporting Person, certain other stockholders of the Issuer, and J.P. Morgan Securities LLC and BofA Securities, Inc., as underwriters (the "Underwriters"), entered…

    Read the filing
  • at least 5.9%−1.4 pts
    (filed with 8 related holders)
    Since 21 May 2026
    What they said

    Item 4 of the Initial Statement is hereby amended and supplemented by adding the following at the end of Item 4 of the Initial Statement: May 2026 Offering On May 21, 2026, Green LTF, Associates VI-A and Associates VI-B sold 2,951,282, 4,999, and 49,819 shares of Common Stock,…

    Read the filing
  • BEVCO LUX S.A.R.L.
    at least 4.4%
    (filed with 3 related holders)
    Since 19 December 2024
    What they said

    Stockholders Agreement In connection with the Issuer's IPO, the Issuer entered into an amended and restated stockholders' agreement, dated October 6, 2021 (the "Stockholders Agreement"), with the Voting Group members and certain other stockholders of the Issuer. Pursuant to the…

    Read the filing
  • TPG GP A, LLC
    Passive investor
    at least 4.3%−0.9 pts
    (filed with 2 related holders)
    Since 21 May 2026
    What they said

    This Amendment amends and supplements Item 4 of the Original Schedule 13D by inserting the following after the paragraph titled "June 2025 Lock-Up Agreement": "On May 21, 2026, the TPG Funds sold an aggregate of 2,152,115 shares of Common Stock at a price of $32.51 per share…

    Read the filing
  • Green LTF Holdings II LP
    Passive investor
    at least 2.6%−3.3 pts
    (filed with 9 related holders)
    Since 10 August 2026
    What they said

    Item 4 of the Initial Statement is hereby amended and supplemented by adding the following at the end of Item 4 of the Initial Statement: August 2026 Offering On August 10, 2026, Green LTF, Associates VI-A and Associates VI-B sold 5,025,751, 8,512, and 84,836 shares of Common…

    Read the filing
  • JSS LTF Holdings Ltd
    Passive investor
    at least 1.5%
    (filed with 8 related holders)
    Since 30 July 2026
    What they said

    Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information: Effective July 30, 2026, JSS LTF Holdings Ltd terminated the Stockholders Agreement only as to Section 1 thereof (relating to the coordination of voting of securities among parties…

    Read the filing
  • Partners Group Private Equity (Master Fund), LLC
    Sold down below 5%
    Since 3 March 2025
    What they said

    Item 4 of the Initial Statement is hereby amended and supplemented by adding the following at the end of Item 4 of the Initial Statement: February 2025 Public Offering On February 27, 2025, in connection with a registered public offering (the "February 2025 Public Offering") of…

    Read the filing
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 10 sold $2.3bn, $11m of it under preset trading plans.

  • Singh Ritadhwaja Jebens
    EVP & CHIEF DIGITAL OFFICER
    Sold
    Date
    11 September 2026
    Shares
    154,912
    Price
    $42.00
    Value
    $7m
  • Singh Ritadhwaja Jebens
    EVP & CHIEF DIGITAL OFFICER
    Sold
    Date
    9 September 2026
    Shares
    18,729
    Price
    $42.04
    Value
    $787,358
  • Singh Ritadhwaja Jebens
    EVP & CHIEF DIGITAL OFFICER
    Sold
    Date
    3 September 2026
    Shares
    5,666
    Price
    $44.00
    Value
    $249,304
  • DANHAKL JOHN G
    Director
    Sold
    Date
    26 August 2026
    Shares
    2,879,154
    Price
    $43.80
    Value
    $126m
  • Green LTF Holdings II LP
    Director
    Sold
    Date
    26 August 2026
    Shares
    2,879,154
    Price
    $43.80
    Value
    $126m
  • Galashan John Kristofer
    Director
    Sold
    Date
    26 August 2026
    Shares
    2,879,154
    Price
    $43.80
    Value
    $126m
  • Galashan John Kristofer
    Director
    Sold
    Date
    10 August 2026
    Shares
    5,119,099
    Price
    $43.16
    Value
    $221m
  • DANHAKL JOHN G
    Director
    Sold
    Date
    10 August 2026
    Shares
    5,119,099
    Price
    $43.16
    Value
    $221m
  • Green LTF Holdings II LP
    Director
    Sold
    Date
    10 August 2026
    Shares
    5,119,099
    Price
    $43.16
    Value
    $221m
  • Weaver Erik
    EVP & Chief Financial Officer
    Sold
    Date
    31 July 2026
    Shares
    47,748
    Price
    $44.80
    Value
    $2m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 24 Feb 2026, plus the 10-Q filed 30 Jul 2026 and 9 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.