PLNT · Planet Fitness, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · PLNT

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.32B	$1.18B	$1.07B	$936.77M	$587.02M	$406.62M
Cost of Revenue	$230.31M	$197.12M	$100.99M	$166.93M◇	$100.99M◇	-
Gross Profit	$1.09B	$984.53M	$970.33M	$769.85M◇	$486.03M◇	-
R&D	-	-	-	-	-	-
SG&A	$137.63M	$129.15M	$124.93M	$114.85M	$94.54M	$68.58M
Total Operating Expenses	$929.47M	$857.46M	$798.46M	$706.69M	$443.63M	$346.86M
D&A	$155.78M	$160.35M	$149.41M	$124.02M	$62.80M	$53.83M
Operating Income	$394.68M	$324.20M	$272.86M	$230.08M	$143.40M	$59.76M
Interest Expense	$108.24M	$100.04M	$86.58M	$88.63M	$81.21M	$82.12M
Income Tax	$85.87M	$68.44M	$58.51M	$50.52M	$5.66M	$687.0K
Net Income	$219.10M	$172.04M	$138.31M	$99.40M	$42.77M	($14.99M)
EPS - Basic	$2.62◇	$2.01◇	$1.63◇	$1.18◇	$0.51◇	-
EPS - Diluted	$2.62◇	$2.00◇	$1.62◇	$1.18◇	$0.51◇	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$345.65M	$293.15M	$275.84M	$409.84M	$545.91M	$439.48M
Accounts Receivable	$70.43M	$77.14M	$41.89M	$46.24M	$27.26M	$16.45M
Inventory	$7.58M	$6.15M	$4.68M	$5.27M	$1.16M	$473.0K
Accounts Payable	$39.68M	$32.89M	$23.79M	$20.58M	$27.89M	$19.39M
Current Assets	$658.39M	$588.02M	$471.82M	$555.53M	$662.41M	$566.82M
Total Assets	$3.10B	$3.07B	$2.97B	$2.85B	$2.02B	$1.85B
Current Liabilities	$312.49M	$282.50M	$251.33M	$244.53M	$176.61M	$111.89M
Long-term Debt	$2.46B	$2.15B	$1.96B	$1.98B	$1.74B	$1.75B
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	($482.78M)	($215.38M)	($115.65M)	($199.01M)	($645.36M)	($705.87M)
Retained Earnings	($1.11B)	($822.16M)	($691.46M)	($703.72M)	($708.80M)	($751.58M)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$418.42M	$343.87M	$330.25M	$240.21M	$189.29M	$31.14M
Investing Cash Flow	($160.16M)	($208.71M)	($339.99M)	($506.57M)	($90.92M)	($52.28M)
Financing Cash Flow	($198.09M)	($105.00M)	($141.42M)	$135.72M	($10.25M)	$57.85M
CapEx	$163.67M	$155.06M	$135.99M	$100.06M	$54.07M	$52.56M
Free Cash Flow	$254.75M	$188.81M	$194.27M	$140.15M	$135.22M	($21.42M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	82.6%	83.3%	90.6%	82.2%	82.8%	-
Operating margin	29.8%	27.4%	25.5%	24.6%	24.4%	14.7%
EBITDA margin	41.6%	41.0%	39.4%	37.8%	35.1%	27.9%
Net margin	16.5%	14.6%	12.9%	10.6%	7.3%	-3.7%
Free cash flow margin	19.2%	16.0%	18.1%	15.0%	23.0%	-5.3%
FCF / Net income	1.16	1.10	1.40	1.41	3.16	1.43
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	10.4%	10.9%	11.7%	12.3%	16.1%	16.9%
Effective tax rate	28.2%	28.5%	29.7%	33.7%	11.7%	-
Return on assets	7.1%	5.6%	4.7%	3.5%	2.1%	-0.8%
Return on equity	-45.4%	-79.9%	-119.6%	-49.9%	-6.6%	2.1%
Return on invested capital	14.4%	12.0%	10.4%	8.6%	11.6%	4.5%
Liquidity
Current ratio	2.11	2.08	1.88	2.27	3.75	5.07
Quick ratio	2.08	2.06	1.86	2.25	3.74	5.06
Cash ratio	1.11	1.04	1.10	1.68	3.09	3.93
Leverage
Debt / Equity	-5.09	-9.97	-16.97	-9.94	-2.70	-2.48
Debt / Assets	0.79	0.70	0.66	0.69	0.86	0.95
Debt / EBITDA	4.47	4.43	4.65	5.59	8.44	15.42
Interest coverage	3.6x	3.2x	3.2x	2.6x	1.8x	0.7x
Equity multiplier	-6.43	-14.25	-25.68	-14.34	-3.12	-2.62
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.43	0.38	0.36	0.33	0.29	0.22
Inventory turnover	30.38	32.07	21.59	31.70	87.44	-
Days sales outstanding	19d	24d	14d	18d	17d	15d
Days inventory outstanding	12d	11d	17d	12d	4d	-
Days payable outstanding	63d	61d	86d	45d	101d	-
Cash conversion cycle	-31d	-26d	-55d	-15d	-80d	-
Valuation
P / E	41.4x	49.4x	45.1x	66.8x	177.6x	-
P / B	-	-	-	-	-	-
P / S	6.9x	7.2x	5.8x	7.1x	12.9x	-
EV / EBITDA	20.3x	21.3x	18.7x	23.2x	42.6x	-
Growth
Revenue growth (YoY)	12.1%	10.3%	14.4%	59.6%	44.4%	-41.0%
Revenue CAGR (3y)	12.2%	26.3%	38.1%	10.8%	15.8%	-1.8%
Revenue CAGR (5y)	26.6%	11.4%	23.1%	16.9%	9.2%	14.0%
Gross profit growth (YoY)	11.1%	1.5%	26.0%	58.4%	-	-
Operating income growth (YoY)	21.7%	18.8%	18.6%	60.5%	140.0%	-74.4%
Net income growth (YoY)	27.4%	24.4%	39.1%	132.4%	-	-
EPS growth (YoY)	31.0%	23.5%	37.3%	131.4%	-	-
EPS CAGR (3y)	30.5%	57.7%	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	34.9%	-2.8%	38.6%	3.6%	-	-
FCF CAGR (5y)	-	5.2%	23.4%	8.5%	7.7%	-
Book value growth (YoY)	-124.2%	-86.2%	41.9%	69.2%	8.6%	0.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$1.32B total

Corporate Owned Club Segment$546.10M · 41.2%

Franchise Segment$467.96M · 35.3%

Equipment Segment$310.09M · 23.4%

Product / service

$1.33B total

Corporate Owned Clubs$546.10M · 41.0%

Franchise$380.97M · 28.6%

Equipment Revenue$310.09M · 23.3%

Advertising$86.99M · 6.5%

Administrative Service$6.60M · 0.5%

Geographic

$1.32B total

Americas$1.28B · 97.0%

Non Us$39.52M · 3.0%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
✗Long-term debt decreased
✓Current ratio improved
✓No share dilution
✗Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Services-Membership Sports & Recreation Clubs

Company	Revenue (last FY)	Net margin	ROE
LTH	$3.00B	12.5%	12.0%
OSW	$961.00M	7.5%	13.2%
AGH	$2.96M	-124.0%	-11.2%
BTDG	$2.50M	-450.7%	110.5%

Comparing Planet Fitness against the 4 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Nov 18, 2016	$2.7800

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.