NYSE : PLNT
Planet Fitness, Inc. — Financial statements
Consumer Discretionary · Leisure · United States
Last price 53.58 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.05B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Planet Fitness, Inc. (PLNT) reported revenue of 1.30B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.30B | 1.24B | 1.10B | 1.00B | 878.70M | 534.66M |
| Cost of Revenue | 539.86M | 501.15M | 444.53M | 404.05M | 365.16M | 196.04M |
| Gross Profit | 761.80M | 736.00M | 658.20M | 597.27M | 513.54M | 338.62M |
| Selling, General & Admin | 184.07M | 185.33M | 172.25M | 164.53M | 146.31M | 110.21M |
| Other Operating Expenses | -55.00K | 1.37M | 262.00K | 7.73M | 17.85M | 4.76M |
| Operating Expenses | 343.49M | 342.49M | 332.85M | 321.67M | 288.19M | 177.76M |
| Operating Income | 418.31M | 393.52M | 325.34M | 275.60M | 225.35M | 160.86M |
| Interest Expense | -122.23M | -108.24M | -100.04M | -86.58M | -88.63M | -81.21M |
| Interest & Investment Income | 24.85M | 25.34M | 25.30M | 19.84M | 6.88M | 2.28M |
| Earnings From Equity Investments | -2.49M | -2.84M | -4.04M | -1.99M | -467.00K | -179.00K |
| Other Non Operating Income (Expenses) | -4.04M | -2.79M | -2.73M | 1.41M | 13.11M | -12.50M |
| EBT Excluding Unusual Items | 314.40M | 304.98M | 243.83M | 208.28M | 156.24M | 69.24M |
| Gain (Loss) on Sale of Investments | 10.49M | -5.59M | -1.15M | -2.73M | 2.50M | -17.46M |
| Gain (Loss) on Sale of Assets | 6.44M | 6.44M | 1.32M | |||
| Other Unusual Items | -1.33M | -1.33M | 899.00K | |||
| Pretax Income | 331.64M | 306.14M | 242.69M | 205.55M | 160.97M | 51.78M |
| Income Tax Expense | 92.55M | 85.87M | 68.44M | 58.51M | 50.52M | 5.66M |
| Earnings From Continuing Operations | 239.09M | 220.26M | 174.24M | 147.03M | 110.46M | 46.12M |
| Minority Interest in Earnings | -1.24M | -1.16M | -2.20M | -8.72M | -11.05M | -3.35M |
| Net Income | 237.85M | 219.10M | 172.04M | 138.31M | 99.40M | 42.77M |
| Net Income to Common | 237.85M | 219.10M | 172.04M | 138.31M | 99.40M | 42.77M |
| Shares Outstanding (Basic) | 80.66M | 83.52M | 85.62M | 84.90M | 84.14M | 83.30M |
| Shares Outstanding (Diluted) | 80.84M | 83.73M | 85.83M | 85.18M | 84.54M | 83.89M |
| EPS (Basic) | 2.95 | 2.62 | 2.01 | 1.63 | 1.18 | 0.51 |
| EPS (Diluted) | 2.94 | 2.62 | 2.00 | 1.62 | 1.18 | 0.51 |
| Free Cash Flow | 261.68M | 254.75M | 188.81M | 194.27M | 140.15M | 135.22M |
| Free Cash Flow Per Share | 3.24 | 3.04 | 2.20 | 2.28 | 1.66 | 1.61 |
| Gross Margin | 58.53% | 59.49% | 59.69% | 59.65% | 58.44% | 63.33% |
| Operating Margin | 32.14% | 31.81% | 29.50% | 27.52% | 25.65% | 30.09% |
| Profit Margin | 18.27% | 17.71% | 15.60% | 13.81% | 11.31% | 8.00% |
| Free Cash Flow Margin | 20.10% | 20.59% | 17.12% | 19.40% | 15.95% | 25.29% |
| EBITDA | 577.78M | 549.30M | 485.69M | 425.01M | 349.37M | 223.66M |
| EBITDA Margin | 44.39% | 44.40% | 44.04% | 42.45% | 39.76% | 41.83% |
| D&A For EBITDA | 159.47M | 155.78M | 160.35M | 149.41M | 124.02M | 62.80M |
| EBIT | 418.31M | 393.52M | 325.34M | 275.60M | 225.35M | 160.86M |
| EBIT Margin | 32.14% | 31.81% | 29.50% | 27.52% | 25.65% | 30.09% |
| Effective Tax Rate | 27.91% | 28.05% | 28.20% | 28.47% | 31.38% | 10.93% |
| Revenue as Reported | 1.41B | 1.32B | 1.18B | 1.07B | 936.77M | 587.02M |
| Advertising Expenses | 49.70M | 43.40M | 42.10M | 34.56M | 22.81M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 298.26M | 345.65M | 293.15M | 275.84M | 409.84M | 545.91M |
| Short-Term Investments | 102.49M | 106.76M | 114.16M | 74.90M | ||
| Cash & Short-Term Investments | 400.76M | 452.41M | 407.31M | 350.74M | 409.84M | 545.91M |
| Accounts Receivable | 65.62M | 70.43M | 77.14M | 41.89M | 46.24M | 27.26M |
| Other Receivables | 45.30M | 37.05M | 19.39M | 14.39M | 20.45M | 17.19M |
| Receivables | 110.92M | 107.48M | 96.54M | 56.28M | 66.69M | 44.45M |
| Inventory | 9.22M | 7.58M | 6.15M | 4.68M | 5.27M | 1.16M |
| Prepaid Expenses | 24.69M | 24.61M | 21.50M | 13.84M | 11.08M | 12.87M |
| Restricted Cash | 72.94M | 66.30M | 56.52M | 46.28M | 62.66M | 58.03M |
| Other Current Assets | 9.56M | |||||
| Total Current Assets | 628.09M | 658.39M | 588.02M | 471.82M | 555.53M | 662.41M |
| Property, Plant & Equipment | 871.14M | 876.07M | 819.16M | 771.41M | 695.76M | 364.02M |
| Long-Term Investments | 127.17M | 157.96M | 141.32M | 128.39M | 25.12M | 18.76M |
| Goodwill | 712.33M | 712.45M | 720.63M | 717.50M | 702.69M | 228.57M |
| Other Intangible Assets | 270.37M | 286.41M | 323.32M | 372.51M | 417.07M | 200.94M |
| Long-Term Deferred Tax Assets | 376.66M | 406.72M | 470.20M | 504.19M | 454.56M | 539.26M |
| Other Long-Term Assets | 19.18M | 5.40M | 7.06M | 3.87M | 3.86M | 2.02M |
| Total Assets | 3.00B | 3.10B | 3.07B | 2.97B | 2.85B | 2.02B |
| Accounts Payable | 52.19M | 39.68M | 32.89M | 23.79M | 20.58M | 27.89M |
| Accrued Expenses | 63.38M | 75.37M | 67.89M | 66.30M | 66.99M | 51.71M |
| Current Portion of Long-Term Debt | 25.75M | 23.88M | 22.50M | 20.75M | 20.75M | 17.50M |
| Current Portion of Leases | 48.88M | 44.60M | 37.10M | 33.97M | 33.23M | 22.52M |
| Current Unearned Revenue | 88.16M | 68.76M | 63.96M | 64.10M | 62.20M | 34.39M |
| Other Current Liabilities | 43.15M | 60.20M | 58.15M | 42.42M | 40.77M | 22.59M |
| Total Current Liabilities | 396.51M | 312.49M | 282.50M | 251.33M | 244.53M | 176.61M |
| Long-Term Debt | 2.45B | 2.46B | 2.15B | 1.96B | 1.98B | 1.74B |
| Long-Term Leases | 416.25M | 419.89M | 405.34M | 381.65M | 342.22M | 197.91M |
| Long-Term Unearned Revenue | 30.22M | 29.66M | 31.99M | 32.05M | 33.15M | 33.43M |
| Long-Term Deferred Tax Liabilities | 968.00K | 1.18M | 1.39M | 1.64M | 1.47M | |
| Other Long-Term Liabilities | 327.46M | 365.18M | 415.84M | 459.14M | 466.64M | 510.61M |
| Total Liabilities | 3.62B | 3.59B | 3.29B | 3.09B | 3.07B | 2.66B |
| Common Stock | 8.00K | 8.00K | 9.00K | 9.00K | 9.00K | 9.00K |
| Additional Paid-In Capital | 630.30M | 623.33M | 609.12M | 575.63M | 505.14M | 63.43M |
| Retained Earnings | -1.24B | -1.11B | -822.16M | -691.46M | -703.72M | -708.80M |
| Comprehensive Income & Other | -836.00K | 1.31M | -2.35M | 172.00K | -448.00K | 12.00K |
| Total Common Equity | -612.74M | -482.78M | -215.38M | -115.65M | -199.01M | -645.36M |
| Minority Interest | -2.00M | -601.00K | 7.00K | -3.34M | -12.55M | 2.51M |
| Shareholders' Equity | -614.74M | -483.38M | -215.37M | -118.99M | -211.56M | -642.85M |
| Total Liabilities & Equity | 3.00B | 3.10B | 3.07B | 2.97B | 2.85B | 2.02B |
| Total Debt | 3.01B | 2.95B | 2.61B | 2.40B | 2.37B | 1.98B |
| Net Cash (Debt) | -2.54B | -2.41B | -2.14B | -2.00B | -1.96B | -1.43B |
| Net Cash Per Share | -31.46 | -28.74 | -24.93 | -23.45 | -23.24 | -17.07 |
| Filing Date Shares Outstanding | 75.22M | 79.70M | 84.33M | 87.02M | 84.86M | 84.33M |
| Total Common Shares Outstanding | 75.20M | 80.45M | 84.32M | 86.76M | 83.43M | 83.80M |
| Working Capital | 231.57M | 345.90M | 305.52M | 220.49M | 311.00M | 485.80M |
| Book Value Per Share | -8.15 | -6.00 | -2.55 | -1.33 | -2.39 | -7.70 |
| Tangible Book Value | -1.60B | -1.48B | -1.26B | -1.21B | -1.32B | -1.07B |
| Tangible Book Value Per Share | -21.22 | -18.42 | -14.93 | -13.90 | -15.81 | -12.83 |
| Land | 431.00K | 431.00K | 1.34M | 1.34M | 1.34M | |
| Buildings | 3.48M | 3.48M | 2.57M | 8.59M | 8.59M | |
| Machinery | 308.58M | 262.63M | 250.40M | 199.18M | 95.78M | |
| Construction In Progress | 8.22M | 8.17M | 13.53M | 13.97M | 8.20M | |
| Leasehold Improvements | 457.68M | 395.35M | 342.73M | 272.36M | 146.81M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 237.85M | 219.10M | 172.04M | 138.31M | 99.40M | 42.77M |
| Depreciation & Amortization | 159.47M | 155.78M | 160.35M | 149.41M | 124.02M | 62.80M |
| Other Amortization | 5.64M | 5.36M | 5.36M | 5.49M | 5.51M | 6.35M |
| Loss (Gain) From Sale of Assets | -6.44M | -6.44M | -60.00K | |||
| Loss (Gain) From Sale of Investments | -11.23M | 4.25M | -2.16M | -541.00K | ||
| Loss (Gain) on Equity Investments | 2.49M | 2.84M | 4.04M | 1.99M | 467.00K | 179.00K |
| Stock-Based Compensation | 12.46M | 12.33M | 8.91M | 7.91M | 8.07M | 8.80M |
| Other Operating Activities | 68.70M | 65.55M | 59.90M | 55.60M | 45.71M | 15.22M |
| Change in Accounts Receivable | 7.82M | 7.23M | -36.46M | 4.76M | -19.18M | -10.80M |
| Change in Inventory | -4.77M | -1.38M | -1.48M | 599.00K | -4.11M | -681.00K |
| Change in Accounts Payable | 4.72M | 6.93M | 17.31M | -975.00K | -14.72M | 30.93M |
| Change in Unearned Revenue | 5.26M | 4.97M | 122.00K | 5.00K | 11.86M | 7.58M |
| Change in Income Taxes | 6.75M | 498.00K | 407.00K | 2.18M | -1.67M | 2.20M |
| Change in Other Net Operating Assets | -54.74M | -58.61M | -44.47M | -34.49M | -12.59M | 6.47M |
| Operating Cash Flow | 433.98M | 418.42M | 343.87M | 330.25M | 240.21M | 189.29M |
| Capital Expenditures | -172.29M | -163.67M | -155.06M | -135.99M | -100.06M | -54.07M |
| Sale of Property, Plant & Equipment | 60.00K | 46.00K | ||||
| Cash Acquisitions | -1.54M | -3.08M | -43.26M | -424.94M | -1.89M | |
| Divestitures | 21.63M | 21.63M | 20.82M | |||
| Investment in Securities | 41.07M | -14.45M | -52.35M | -160.74M | -2.45M | -35.00M |
| Other Investing Activities | -20.65M | -586.00K | -1.30M | |||
| Investing Cash Flow | -131.79M | -160.16M | -208.71M | -339.99M | -506.57M | -90.92M |
| Long-Term Debt Issued | 750.00M | 800.00M | 975.00M | |||
| Long-Term Debt Repaid | -431.71M | -608.79M | -20.94M | -725.08M | -17.68M | |
| Net Debt Issued (Repaid) | 393.49M | 318.29M | 191.21M | -20.94M | 249.92M | -17.68M |
| Issuance of Common Stock | 1.53M | 1.85M | 21.88M | 9.16M | 925.00K | 8.19M |
| Repurchase of Common Stock | -703.69M | -502.92M | -301.24M | -125.03M | -94.31M | |
| Other Financing Activities | -14.78M | -15.31M | -16.85M | -4.61M | -20.80M | -750.00K |
| Financing Cash Flow | -323.46M | -198.09M | -105.00M | -141.42M | 135.72M | -10.25M |
| Foreign Exchange Rate Adjustments | 305.00K | 2.12M | -2.61M | 776.00K | -808.00K | 14.00K |
| Net Cash Flow | -20.96M | 62.28M | 27.55M | -150.38M | -131.44M | 88.14M |
| Free Cash Flow | 261.68M | 254.75M | 188.81M | 194.27M | 140.15M | 135.22M |
| Free Cash Flow Margin | 20.10% | 20.59% | 17.12% | 19.40% | 15.95% | 25.29% |
| Free Cash Flow Per Share | 3.24 | 3.04 | 2.20 | 2.28 | 1.66 | 1.61 |
| Levered Free Cash Flow | 156.15M | 183.96M | 127.03M | 175.64M | 147.77M | 146.22M |
| Unlevered Free Cash Flow | 226.91M | 246.25M | 184.19M | 224.26M | 197.65M | 190.64M |
| Cash Interest Paid | 112.72M | 100.25M | 90.85M | 81.18M | 80.96M | 74.87M |
| Cash Income Tax Paid | 19.63M | 21.45M | 12.10M | 5.30M | 3.62M | 1.85M |
| Change in Working Capital | -34.97M | -40.37M | -64.57M | -27.92M | -40.41M | 35.70M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.05B | 9.00B | 8.32B | 6.24B | 6.57B | 7.55B |
| Enterprise Value | 6.59B | 11.09B | 10.48B | 8.20B | 8.51B | 8.99B |
| Last Close Price | 53.58 | 108.47 | 98.87 | 73.00 | 78.80 | 90.58 |
| PE Ratio | 18.23 | 41.08 | 48.38 | 45.09 | 66.13 | 176.49 |
| Forward PE | 15.51 | 32.15 | 35.60 | 30.49 | 40.65 | 64.32 |
| PS Ratio | 3.11 | 7.28 | 7.55 | 6.23 | 7.48 | 14.12 |
| PB Ratio | -18.62 | -38.64 | -52.42 | -31.07 | -11.74 | |
| P/FCF Ratio | 15.47 | 35.33 | 44.08 | 32.10 | 46.90 | 55.83 |
| P/OCF Ratio | 9.33 | 21.51 | 24.20 | 18.89 | 27.36 | 39.88 |
| PEG Ratio | 1.56 | 2.09 | 2.63 | 1.52 | 0.94 | 0.55 |
| EV/Sales Ratio | 5.06 | 8.97 | 9.50 | 8.19 | 9.68 | 16.82 |
| EV/EBITDA Ratio | 11.41 | 20.20 | 21.57 | 19.30 | 24.35 | 40.20 |
| EV/EBIT Ratio | 15.75 | 28.19 | 32.20 | 29.76 | 37.75 | 55.89 |
| EV/FCF Ratio | 25.18 | 43.55 | 55.49 | 42.22 | 60.70 | 66.49 |
| Debt / Equity Ratio | -4.90 | -6.10 | -12.13 | -20.16 | -11.22 | -3.08 |
| Debt / EBITDA Ratio | 4.39 | 4.49 | 4.47 | 4.69 | 5.57 | 7.49 |
| Debt / FCF Ratio | 11.52 | 11.57 | 13.84 | 12.35 | 16.94 | 14.63 |
| Net Debt / Equity Ratio | -4.14 | -4.98 | -9.94 | -16.79 | -9.29 | -2.23 |
| Net Debt / EBITDA Ratio | 4.40 | 4.38 | 4.41 | 4.70 | 5.62 | 6.40 |
| Net Debt / FCF Ratio | 9.72 | 9.45 | 11.33 | 10.28 | 14.02 | 10.59 |
| Asset Turnover | 0.42 | 0.40 | 0.36 | 0.34 | 0.36 | 0.28 |
| Inventory Turnover | 79.58 | 73.02 | 82.14 | 81.27 | 113.74 | 240.84 |
| Quick Ratio | 1.29 | 1.79 | 1.78 | 1.62 | 1.95 | 3.34 |
| Current Ratio | 1.58 | 2.11 | 2.08 | 1.88 | 2.27 | 3.75 |
| Return on Assets (ROA) | 8.54% | 7.97% | 6.73% | 5.92% | 5.78% | 5.20% |
| Return on Invested Capital (ROIC) | 11.21% | 10.15% | 8.49% | 7.40% | 6.95% | 8.01% |
| Return on Capital Employed (ROCE) | 16.00% | 14.10% | 11.70% | 10.10% | 8.60% | 8.70% |
| Earnings Yield | 5.49% | 2.43% | 2.07% | 2.22% | 1.51% | 0.57% |
| FCF Yield | 6.47% | 2.83% | 2.27% | 3.12% | 2.13% | 1.79% |
| Buyback Yield / Dilution | 4.22% | 2.45% | -0.75% | -0.76% | -0.78% | -4.47% |