Where do LifeStance Health Group's ratios come from?

Every ratio is computed from LifeStance Health Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	3%+4.1pp	1.7%+4.3pp	0.4%+5.8pp	-0.1%+12.0pp	-1.1%+14.5pp
Net margin	1.6%+3.8pp	0.7%+4.7pp	-0.7%+6.7pp	-0.7%+12.3pp	-2.3%+13.4pp
Returns
Return on equity	1.6%+3.6pp	0.7%+4.2pp	-0.6%+5.5pp	-0.7%+9.7pp	-2%+9.8pp
Return on invested capital	1.7%+2.5pp	1.1%+2.9pp	0.3%+3.8pp	-0.1%+7.3pp	-0.8%+8.3pp
Efficiency
Asset turnover	0.7×+0.1×	0.7×+0.1×	0.6×+0.1×	0.6×+0.1×	0.6×+0.1×
Liquidity
Current ratio	1.5×0.0×	1.7×+0.3×	1.6×+0.3×	1.5×+0.3×	1.5×+0.3×
Leverage
Debt-to-equity	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	2.8×-4.4×	2.9×-5.8×	4.3×-24.2×	5.1×—	7.3×—
Per Share
Book value per share	$3.74+0.3%	$3.89+1.9%	$3.84+1.6%	$3.81+1.1%	$3.73-1.8%
Valuation
Market capitalization	$2.44B-4.8%	$2.74B-2.9%	$2.14B-19.5%	$1.98B+6.9%	$2.56B+9.6%
Price / earnings	105.1×—	283.4×—	——	——	——
Price / sales	1.6×-0.4×	1.9×-0.3×	1.6×-0.6×	1.5×-0.1×	2×-0.1×
Price / book	1.7×-0.1×	1.8×-0.1×	1.4×-0.4×	1.3×0.0×	1.8×+0.1×
EV / EBITDA	27.4×-33.4×	37.6×-44.7×	38.8×-186×	40.2×—	60.8×—

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Questions, answered.

Where do LifeStance Health Group's ratios come from?: Every ratio is computed from LifeStance Health Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.