LifeStance Health (LFST) Gross Margin (2024 - 2026)
LifeStance Health's Gross Margin came in at 35.15% for Q2 2026, up 3.75 percentage points from 31.40% a year earlier and up 1.46 percentage points from the prior quarter.
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Analysis
LifeStance Health (LFST) Gross Margin (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, LifeStance Health reported Gross Margin of 33.56%, up 1.04 percentage points year-over-year; for FY2025, it was 32.37%, up 0.21 percentage points from FY2024.
- Gross Margin has increased in each of the last three years, with a three-year change of +4.80 percentage points (FY2022 to FY2025).
- Going back by year, Gross Margin was 32.17% in FY2024 (+3.55 pp), 28.62% in FY2023 (+1.04 pp) and 27.57% in FY2022.
- The Q2 2026 figure represents the highest quarterly Gross Margin in data going back to Q1 2024.
- Year-over-year, Gross Margin increased in four of the last six quarters, with an average year-over-year change of +0.89 percentage points.
- Business Quant data shows LFST's Gross Margin at 33.69% (Q1 2026), 33.04% (Q4 2025) and 32.04% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 85.78% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | 64.67% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 29.08% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 33.65% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | 65.42% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 12.31% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | 64.81% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 95.96% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 31.50% |
| 10 | LifeStance Health | 5.59 Mn | -882.61 Mn | 161.40 Mn | 35.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 35.41% |
| 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% |
API Access
LifeStance Health Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=LFST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "LFST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=LFST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();