Is the business good?
How good a business is LFST?
LifeStance Health Group, Inc. earns 4.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.1%
Return on invested capital · cost of capital 9.0% · 4.9 points below what the capital costs: growth destroys value
- Operating margin
- 5.0%
Operating margin · Medical Care Facilities median 8.9% · 12 months to Q2 2026
- Cash conversion
- 3.44×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- +0.15%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2019 | 7.2% |
| FY2021 | −43% |
| FY2022 | −24% |
| FY2023 | −18% |
| FY2024 | −2.5% |
| FY2025 | 1.7% |
Details›
- Operating margin12 months to Q2 2026
- 5.0%
- Net margin12 months to Q2 2026
- 3.2%
- Free cash flow margin
- 11%
- Revenue, trailing twelve months
- $1.58B
- Free cash flow, trailing twelve months
- $174M
- Net income, trailing twelve months
- $51M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Medical Care Facilities
Ranks #13 of 28 by Smart Score