LifeStance Health (LFST) Gross Margin (2024 - 2026)
LifeStance Health (LFST) posted quarterly Gross Margin of 33.69% for Q1 2026, up 72.0% year-over-year from 19.59% in Q1 2025, and up 1.95% quarter-over-quarter from 33.04% in Q4 2025.
LifeStance Health (LFST) Gross Margin (2024 - 2026) Analysis & Trends
LifeStance Health (LFST) has reported Gross Margin for 3 consecutive years, with 33.69% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 72.0% year-over-year to 33.69%; the TTM figure through Mar 2026 stood at 32.6% (up 7.0% YoY), while the FY2025 annual figure was 32.37%, up 21.0% from the prior year.
- Gross Margin advanced to 33.69% in Q1 2026 per LFST's latest filing, from 33.04% in the prior quarter.
- Across five years, Gross Margin topped out at 33.69% in Q1 2026 and bottomed at 31.31% in Q2 2024.
- Historically, Gross Margin has averaged 32.42% across 3 years, with a median of 32.12% in 2024.
- On a YoY basis, Gross Margin climbed as much as 144 bps in 2025 and fell as far as 58 bps in 2025.
- LifeStance Health's Gross Margin stood at 33.62% in 2024, then decreased by 2 bps to 33.04% in 2025, then climbed by 2 bps to 33.69% in 2026.
- Business Quant data shows LFST's Gross Margin at 33.69% in Q1 2026, 33.04% in Q4 2025, and 32.04% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 75.07% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 79.14% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 84.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 32.70% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 21.26% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 70.85% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 23.70% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 32.90% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 31.70% |
| 10 | LifeStance Health | 4.56 Mn | -221.38 Mn | 153.04 Mn | 35.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 35.15% |
| Mar 31, 2026 | 33.69% |
| Dec 31, 2025 | 33.04% |
| Sep 30, 2025 | 32.04% |
| Jun 30, 2025 | 31.40% |
| Mar 31, 2025 | 32.97% |
| Dec 31, 2024 | 33.62% |
| Sep 30, 2024 | 32.12% |
| Jun 30, 2024 | 31.31% |
| Mar 31, 2024 | 31.53% |