PLNTNYSEServices-Membership Sports & Recreation ClubsFiscal year ends December 31
Planet Fitness, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$52.89+1.97 (+3.87%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
82.6%+0.1 pts over 5 years
Operating margin
29.8%+15.1 pts over 5 years
Net margin
16.5%+20.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +12.1% | +12.2% | +26.6% | +14.9% | |
| Gross profit | +11.1% | +12.9% | +26.7% | +17.6% | |
| Operating income | +21.7% | +19.7% | +45.9% | +18.5% | |
| Net income | +27.4% | +30.1% | – | +28.0% | |
| Free cash flow | +34.9% | +22.0% | – | +15.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -29.4% | 2.1% | -62.8% | |
| Return on assets | 2.5% | -0.8% | 7.1% | |
| Current ratio | 1.10 | 5.07 | 2.11 | |
| Debt to equity | -5.42 | -2.51 | -5.14 | |
| Net debt to EBITDA | 4.54× | 11.03× | 3.88× | |
| Interest coverage | 4.3× | 0.7× | 3.6× | |
| Inventory turnover | 38.5× | 105.1× | 33.6× | |
| Capex to revenue | 4.1% | 12.9% | 12.4% |
Where the cash went
Fiscal 2021 to 2025, five years combined
Planet Fitness generated $1.52B from operations and spent $1.63B on capital expenditure, dividends and share buybacks. 37% of that went back into the business.
Generated
$1.52B
Used
$1.63B
Capital expenditure$608.85M37%Dividends$00%Share buybacks$1.02B63%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin16.5%
×Asset turnover0.43×
×Equity multiplier-8.84×
=Return on equity, FY2025-62.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 16.5% | 0.43× | -8.84× | -62.8% |
| FY2024 | 14.6% | 0.39× | -18.24× | -103.9% |
| FY2023 | 12.9% | 0.37× | -18.51× | -87.9% |
| FY2022 | 10.6% | 0.38× | -5.77× | -23.5% |
| FY2021 | 7.3% | 0.30× | -2.86× | -6.3% |
| FY2020 | -3.7% | 0.23× | -2.53× | 2.1% |
| FY2019 | 17.1% | 0.45× | -2.84× | -21.8% |
| FY2018 | 15.4% | 0.47× | -4.87× | -35.0% |
| FY2017 | 7.7% | 0.41× | -8.08× | -25.6% |
| FY2016 | 5.7% | 0.44× | -11.64× | -29.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$219.10M
- Cash generatingOperating cash flow above zero$418.42M
- Return on assets improvedROA up on the prior year5.8% → 7.1%
- Earnings backed by cashOperating cash flow above net income$418.42M vs $219.10M
- Less leverageLong-term debt to assets fell70.0% → 79.2%
- Better liquidityCurrent ratio rose2.08 → 2.11
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year83.32% → 82.61%
- More efficientAsset turnover rose0.40 → 0.43