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Life Time vs ONESPAWORLD: revenue, profit, margins and growth compared

Life Time brought in $3B of revenue in fiscal 2025, ONESPAWORLD $961M in fiscal 2025. Revenue changed by +14.3% at Life Time and +7.4% at ONESPAWORLD on the year before, so Life Time grew faster. Life Time kept 12.5% of its revenue as net profit, ONESPAWORLD 7.5%. Free cash flow was -$21M at Life Time and $68.4M at ONESPAWORLD.

Side by side, latest fiscal year

LTHOSW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3B$961M
Revenue growth+14.3%+7.4%
Net income$373.7M$71.6M
Net margin12.5%7.5%
Free cash flow-$21M$68.4M
Free cash flow margin-0.7%7.1%
Earnings per share (diluted)$1.66$0.69
Cash$204.8M$16.3M
Debt$1.5B$84M
Price to earnings24.133.2
Market value$8.9B$2.3B
Dividend yieldn/an/a
Rank by revenue in sector#284 of 778 · Consumer discretionary#469 of 778 · Consumer discretionary

Over the years

Revenue
LTH FY2019: $1.9BLTH FY2021: $948.4MLTH FY2021: $1.3BLTH FY2022: $1.8BLTH FY2023: $2.2BLTH FY2024: $2.6BLTH FY2025: $3BOSW FY2017: $506.7MOSW FY2019: $540.8MOSW FY2020: $120.9MOSW FY2021: $144MOSW FY2022: $546.3MOSW FY2023: $794MOSW FY2024: $895MOSW FY2025: $961MFY17FY19FY20FY21FY22FY23FY24FY25
LTH $3BOSW $961M
Net income
LTH FY2019: $30MLTH FY2021: -$360.2MLTH FY2021: -$579.4MLTH FY2022: -$1.8MLTH FY2023: $76.1MLTH FY2024: $156.2MLTH FY2025: $373.7MOSW FY2017: $31.1MOSW FY2019: $9.9MOSW FY2020: -$288MOSW FY2021: -$68.5MOSW FY2022: $53.2MOSW FY2023: -$3MOSW FY2024: $72.9MOSW FY2025: $71.6MFY17FY19FY20FY21FY22FY23FY24FY25
LTH $373.7MOSW $71.6M
Net margin
LTH FY2019: 1.6%LTH FY2021: -38.0%LTH FY2021: -44.0%LTH FY2022: -0.1%LTH FY2023: 3.4%LTH FY2024: 6.0%LTH FY2025: 12.5%OSW FY2017: 6.1%OSW FY2019: 1.8%OSW FY2020: -238.1%OSW FY2021: -47.6%OSW FY2022: 9.7%OSW FY2023: -0.4%OSW FY2024: 8.1%OSW FY2025: 7.5%FY17FY19FY20FY21FY22FY23FY24FY25
LTH 12.5%OSW 7.5%
Revenue growth
LTH FY2021: -50.1%LTH FY2021: +39.0%LTH FY2022: +38.3%LTH FY2023: +21.6%LTH FY2024: +18.2%LTH FY2025: +14.3%OSW FY2019: +6.7%OSW FY2021: +19.1%OSW FY2022: +279.3%OSW FY2023: +45.4%OSW FY2024: +12.7%OSW FY2025: +7.4%FY19FY21FY22FY23FY24FY25
LTH +14.3%OSW +7.4%
Free cash flow
LTH FY2019: -$265.3MLTH FY2021: -$361.6MLTH FY2021: -$348.9MLTH FY2022: -$390.2MLTH FY2023: -$235MLTH FY2024: $50.6MLTH FY2025: -$21MOSW FY2017: $67.4MOSW FY2019: $27.4MOSW FY2020: -$38.7MOSW FY2021: -$38MOSW FY2022: $19.9MOSW FY2023: $58MOSW FY2024: $72.1MOSW FY2025: $68.4MFY17FY19FY20FY21FY22FY23FY24FY25
LTH -$21MOSW $68.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Life Time and ONESPAWORLD

Which is bigger by revenue, Life Time or ONESPAWORLD?

Life Time is bigger by revenue: $3B in fiscal 2025, against $961M for ONESPAWORLD in fiscal 2025.

Which keeps more of its revenue as profit, Life Time or ONESPAWORLD?

Life Time had a net margin of 12.5% in fiscal 2025; ONESPAWORLD had 7.5% in fiscal 2025.

Which grew revenue faster, Life Time or ONESPAWORLD?

In their latest fiscal years revenue changed by +14.3% at Life Time and +7.4% at ONESPAWORLD.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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