LifeStance Health Group, Inc. vs Privia Health Group, Inc., two Medical Services stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
LifeStance earns 1.6% on equity running outpatient mental-health clinics; Privia earns 2.7% orchestrating physician groups, and both numbers round to the same truth: care-delivery platforms at this stage earn almost nothing while they scale. The margins agree, 5.5% and 1.2% operating, both barely positive, neither with a usable earnings multiple. The balance sheets are clean, 0.2 and zero turns of debt, and both convert modest cash, 3.5% and 4.1% free-cash yields. The differences are clinical focus, behavioral health against primary-care enablement, and little else the fundamentals can measure yet. Two bets on care moving into scaled outpatient platforms, priced on trajectory the page can only gesture at.
Comparison updated 2026-07-10.
| Metric | LFST | PRVA |
|---|---|---|
| Price | $10.26 | $25.55 |
| Market cap | $4.1B | $3.3B |
| Sector | Medical Services | Medical Services |
| Stage | Growth | Growth |
| P/B | 2.74 | 4.15 |
| P/S | 2.71 | 1.49 |
| EV/EBITDA | 42.0 | 61.3 |
| Revenue growth | +16.4% | +24.8% |
| Operating margin | 5.5% | 1.2% |
| Net margin | 1.6% | 1.0% |
| Return on equity | 1.6% | 2.7% |
| Return on assets | 1.1% | 1.5% |
| Return on invested capital | 1.8% | 3.6% |
| FCF yield | 3.5% | 4.1% |
| Debt / equity | 0.20 | 0.00 |
| Current ratio | 1.48 | 1.61 |
| Altman Z (solvency) | 3.92 | 5.04 |
| Piotroski F (quality) | 6 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.