LifeStance Health (LFST) Return on Invested Capital [ROIC] (2021 - 2026)
LifeStance Health's Return on Invested Capital [ROIC] came in at 3.41% for Q2 2026, up 3.42 percentage points from -0.01% a year earlier and up 1.65 percentage points from the prior quarter.
LifeStance Health (LFST) Return on Invested Capital [ROIC] (2021 - 2026) Analysis & Trends
For FY2025, LifeStance Health's Return on Invested Capital [ROIC] was 1.07%, up 2.91 percentage points from FY2024.
- Return on Invested Capital [ROIC] has increased in each of the last four years, with a four-year change of +18.32 percentage points (FY2021 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was -1.84% in FY2024 (+8.04 pp), -9.88% in FY2023 (+1.42 pp), -11.30% in FY2022 (+5.95 pp) and -17.24% in FY2021.
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2021.
- Year-over-year, Return on Invested Capital [ROIC] has increased for 15 consecutive quarters, with an average year-over-year change of +5.43 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q2 2023 (a gain of 11.19 percentage points), and the weakest in Q3 2022 (a drop of 5.68 percentage points).
- Business Quant data shows LFST's Return on Invested Capital [ROIC] at 1.76% (Q1 2026), 1.06% (Q4 2025) and 0.32% (Q3 2025) in the three quarters before Q2 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 21.76% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -9.90% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 8.35% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 9.85% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | - |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 10.04% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -57.17% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 11.80% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 16.52% |
| 10 | LifeStance Health | 5.59 Mn | -882.61 Mn | 161.40 Mn | 4.78% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.78% |
| Jun 30, 2026 | 3.41% |
| Mar 31, 2026 | 1.76% |
| Dec 31, 2025 | 1.06% |
| Sep 30, 2025 | 0.32% |
| Jun 30, 2025 | -0.01% |
| Mar 31, 2025 | -0.71% |
| Dec 31, 2024 | -1.83% |
| Sep 30, 2024 | -3.79% |
| Jun 30, 2024 | -7.71% |
| Mar 31, 2024 | -9.21% |
| Dec 31, 2023 | -9.99% |
| Sep 30, 2023 | -9.97% |
| Jun 30, 2023 | -8.50% |
| Mar 31, 2023 | -9.59% |
| Dec 31, 2022 | -11.16% |
| Sep 30, 2022 | -14.87% |
| Jun 30, 2022 | -19.68% |
| Mar 31, 2022 | -18.91% |
| Dec 31, 2021 | -15.51% |
LifeStance Health Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=LFST&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=LFST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();