Life Time Group Holdings, Inc. vs SPHERE ENTERTAINMENT CO., two Entertainment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Premium fitness clubs meet a Las Vegas spectacle: Life Time operates high-end gyms while Sphere Entertainment runs the Las Vegas Sphere and MSG Networks. Life Time earns far more on revenue, a 12.53% net margin against Sphere's 9.04%, and more on equity, 11.98% versus 5.33%. The cash gap runs the other way: Sphere converts at a 6.13% free cash yield while Life Time, busy building clubs, runs a negative 1.32%. Both carry light debt, 0.47 times equity at Life Time and 0.36 at Sphere. On price to book Life Time sits at 2.90, Sphere at 2.71, close. A club operator spending for growth against a single-venue business still finding its footing.
Comparison updated 2026-07-11.
| Metric | LTH | SPHR |
|---|---|---|
| Price | $41.88 | $148.34 |
| Market cap | $9.5B | $5.3B |
| Sector | Entertainment | Entertainment |
| Stage | Growth | Mature |
| Implied growth (priced in) | +24.0% | — |
| P/E | 24.5 | 50.0 |
| P/B | 2.96 | 2.37 |
| P/S | 3.09 | 4.01 |
| EV/EBITDA | 13.4 | 28.6 |
| Revenue growth | +12.7% | +10.9% |
| Operating margin | 17.1% | 1.9% |
| Net margin | 12.5% | 9.0% |
| Return on equity | 12.0% | 5.3% |
| Return on assets | 4.8% | 2.8% |
| Return on invested capital | 7.9% | -3.7% |
| FCF yield | -1.3% | 7.0% |
| Debt / equity | 0.47 | 0.36 |
| Current ratio | 0.53 | 1.22 |
| Altman Z (solvency) | 1.57 | 1.92 |
| Piotroski F (quality) | 7 / 9 | 7 / 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.