Planet Fitness Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Planet Fitness Inc has an operating margin of 27.4%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 25.5% the prior year.
Planet Fitness Inc's revenue grew 10.3% year-over-year to $1.2B, a solid pace of expansion. This earns a growth score of 58/100.
Planet Fitness Inc's current ratio of 2.08 indicates adequate short-term liquidity, earning a score of 63/100. The company can meet its near-term obligations, though with limited headroom.
Planet Fitness Inc converts 16.0% of revenue into free cash flow ($188.8M). This strong cash generation earns a score of 80/100.
Planet Fitness Inc scores 1.85, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($7.5B) relative to total liabilities ($3.3B). This signals moderate financial risk that warrants monitoring.
Planet Fitness Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Planet Fitness Inc generates $2.00 in operating cash flow ($343.9M OCF vs $172.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Planet Fitness Inc earns $3.2 in operating income for every $1 of interest expense ($324.2M vs $100.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Planet Fitness Inc (PLNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Planet Fitness Inc generated $1.2B in revenue in fiscal year 2024. This represents an increase of 10.3% from the prior year.
Planet Fitness Inc's EBITDA was $484.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.7% from the prior year.
Planet Fitness Inc generated $188.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 2.8% from the prior year.
Planet Fitness Inc reported $172.0M in net income in fiscal year 2024. This represents an increase of 24.4% from the prior year.
Planet Fitness Inc held $293.1M in cash against $2.1B in long-term debt as of fiscal year 2024.
Planet Fitness Inc's gross margin was 83.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
Planet Fitness Inc's operating margin was 27.4% in fiscal year 2024, reflecting core business profitability. This is up 2.0 percentage points from the prior year.
Planet Fitness Inc's net profit margin was 14.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1.7 percentage points from the prior year.
Planet Fitness Inc spent $300.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 140.1% from the prior year.
Planet Fitness Inc invested $155.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 14.0% from the prior year.
PLNT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $330.3M-3.1% | $340.9M+23.2% | $276.7M-18.7% | $340.4M+13.1% | $300.9M+21.3% | $248.0M-13.0% | $285.1M+2.7% | $277.6M |
| Cost of Revenue | $58.2M-2.1% | $59.4M+164.3% | $22.5M-72.1% | $80.5M+55.0% | $51.9M+173.4% | $19.0M-66.9% | $57.5M+6.9% | $53.8M |
| Gross Profit | $272.2M-3.3% | $281.5M+10.7% | $254.2M-2.2% | $260.0M+4.4% | $249.0M+8.7% | $229.0M+0.6% | $227.6M+1.7% | $223.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $30.5M-14.0% | $35.5M+3.5% | $34.3M-3.9% | $35.7M+12.9% | $31.6M+8.3% | $29.2M-6.5% | $31.2M-6.2% | $33.3M |
| Operating Income | $107.1M+4.6% | $102.4M+29.3% | $79.2M-11.7% | $89.7M+2.7% | $87.4M+32.8% | $65.8M-7.8% | $71.4M-1.4% | $72.4M |
| Interest Expense | $26.3M+0.6% | $26.2M-0.1% | $26.2M-4.6% | $27.5M+12.0% | $24.5M+14.5% | $21.4M-1.7% | $21.8M+0.5% | $21.7M |
| Income Tax | $28.0M+12.2% | $24.9M+53.7% | $16.2M-12.9% | $18.6M-1.9% | $19.0M+32.5% | $14.3M-27.1% | $19.7M+45.9% | $13.5M |
| Net Income | $58.8M+1.4% | $58.0M+38.6% | $41.9M-11.1% | $47.1M-3.2% | $48.6M+41.8% | $34.3M-2.9% | $35.3M-9.7% | $39.1M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PLNT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.1B-2.0% | $3.1B+0.9% | $3.1B+0.7% | $3.1B+3.2% | $3.0B-0.6% | $3.0B+0.8% | $3.0B+0.8% | $2.9B |
| Current Assets | $625.6M-1.8% | $637.4M+5.6% | $603.6M+2.6% | $588.0M+19.1% | $493.9M-5.2% | $520.8M+10.4% | $471.8M-12.6% | $540.1M |
| Cash & Equivalents | $329.0M-2.0% | $335.7M-2.4% | $343.9M+17.3% | $293.1M+18.7% | $247.0M-18.1% | $301.7M+9.4% | $275.8M-10.7% | $309.0M |
| Inventory | $7.0M+60.6% | $4.3M+120.2% | $2.0M-67.9% | $6.1M+18.2% | $5.2M+4.9% | $5.0M+6.0% | $4.7M-37.9% | $7.5M |
| Accounts Receivable | $70.4M-3.3% | $72.8M+88.5% | $38.6M-49.9% | $77.1M+86.6% | $41.3M+73.4% | $23.8M-43.1% | $41.9M+15.2% | $36.4M |
| Goodwill | $710.6M-1.5% | $721.1M0.0% | $720.8M0.0% | $720.6M+0.2% | $719.1M0.0% | $719.1M+0.2% | $717.5M0.0% | $717.5M |
| Total Liabilities | $3.3B-0.8% | $3.3B-1.0% | $3.3B+0.8% | $3.3B-0.2% | $3.3B+6.6% | $3.1B+0.1% | $3.1B-0.5% | $3.1B |
| Current Liabilities | $300.4M-3.1% | $310.2M+7.9% | $287.5M+1.8% | $282.5M+3.8% | $272.1M+10.4% | $246.5M-1.9% | $251.3M-7.9% | $272.8M |
| Long-Term Debt | $2.1B-0.2% | $2.1B-0.2% | $2.1B-0.2% | $2.1B-0.4% | $2.2B+10.1% | $2.0B-0.2% | $2.0B-0.2% | $2.0B |
| Total Equity | -$194.8M-22.7% | -$158.7M+27.8% | -$219.9M-2.1% | -$215.4M+32.2% | -$317.7M-229.5% | -$96.4M+16.6% | -$115.6M+26.4% | -$157.1M |
| Retained Earnings | -$814.8M-5.2% | -$774.8M+6.7% | -$830.7M-1.0% | -$822.2M+9.7% | -$910.6M-34.4% | -$677.3M+2.0% | -$691.5M+4.9% | -$726.8M |
PLNT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $131.5M+199.0% | $44.0M-67.2% | $133.9M+172.6% | $49.1M-37.2% | $78.2M-12.8% | $89.7M+41.7% | $63.3M-42.2% | $109.6M |
| Capital Expenditures | $54.8M+53.2% | $35.7M+55.0% | $23.1M-45.2% | $42.1M+10.7% | $38.0M+44.6% | $26.3M-48.8% | $51.4M+30.0% | $39.5M |
| Free Cash Flow | $76.7M+832.9% | $8.2M-92.6% | $110.9M+1475.3% | $7.0M-82.5% | $40.2M-36.6% | $63.4M+429.2% | $12.0M-82.9% | $70.1M |
| Investing Cash Flow | -$35.1M+18.2% | -$42.9M-52.5% | -$28.1M+53.5% | -$60.4M-16.6% | -$51.8M-34.0% | -$38.6M+58.0% | -$92.1M-96.3% | -$46.9M |
| Financing Cash Flow | -$103.5M-864.6% | -$10.7M+80.6% | -$55.4M-1505.5% | -$3.4M+95.6% | -$78.7M-214.8% | -$25.0M-396.9% | -$5.0M+8.7% | -$5.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $97.9M+4617.8% | $2.1M-95.8% | $50.0M | $0-100.0% | $280.2M+1300.6% | $20.0M | $0 | $0 |
PLNT Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.4%-0.2pp | 82.6%-9.3pp | 91.9%+15.5pp | 76.4%-6.4pp | 82.7%-9.6pp | 92.3%+12.5pp | 79.8%-0.8pp | 80.6% |
| Operating Margin | 32.4%+2.4pp | 30.0%+1.4pp | 28.6%+2.3pp | 26.4%-2.7pp | 29.0%+2.5pp | 26.5%+1.5pp | 25.0%-1.0pp | 26.1% |
| Net Margin | 17.8%+0.8pp | 17.0%+1.9pp | 15.1%+1.3pp | 13.8%-2.3pp | 16.2%+2.3pp | 13.8%+1.4pp | 12.4%-1.7pp | 14.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 1.9%+0.1pp | 1.9%+0.5pp | 1.4%-0.2pp | 1.5%-0.1pp | 1.6%+0.5pp | 1.1%-0.0pp | 1.2%-0.1pp | 1.3% |
| Current Ratio | 2.08+0.0 | 2.05-0.0 | 2.10+0.0 | 2.08+0.3 | 1.81-0.3 | 2.11+0.2 | 1.88-0.1 | 1.98 |
| Debt-to-Equity | -10.96+2.5 | -13.48-3.7 | -9.75+0.2 | -9.97-3.2 | -6.79+13.5 | -20.32-3.3 | -16.97-4.5 | -12.52 |
| FCF Margin | 23.2%+20.8pp | 2.4%-37.7pp | 40.1%+38.0pp | 2.1%-11.3pp | 13.4%-12.2pp | 25.6%+21.4pp | 4.2%-21.1pp | 25.3% |
Note: Shareholder equity is negative (-$215.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Planet Fitness Inc's annual revenue?
Planet Fitness Inc (PLNT) reported $1.2B in total revenue for fiscal year 2024. This represents a 10.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Planet Fitness Inc's revenue growing?
Planet Fitness Inc (PLNT) revenue grew by 10.3% year-over-year, from $1.1B to $1.2B in fiscal year 2024.
Is Planet Fitness Inc profitable?
Yes, Planet Fitness Inc (PLNT) reported a net income of $172.0M in fiscal year 2024, with a net profit margin of 14.6%.
What is Planet Fitness Inc's EBITDA?
Planet Fitness Inc (PLNT) had EBITDA of $484.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Planet Fitness Inc have?
As of fiscal year 2024, Planet Fitness Inc (PLNT) had $293.1M in cash and equivalents against $2.1B in long-term debt.
What is Planet Fitness Inc's gross margin?
Planet Fitness Inc (PLNT) had a gross margin of 83.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Planet Fitness Inc's operating margin?
Planet Fitness Inc (PLNT) had an operating margin of 27.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Planet Fitness Inc's net profit margin?
Planet Fitness Inc (PLNT) had a net profit margin of 14.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Planet Fitness Inc's free cash flow?
Planet Fitness Inc (PLNT) generated $188.8M in free cash flow during fiscal year 2024. This represents a -2.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Planet Fitness Inc's operating cash flow?
Planet Fitness Inc (PLNT) generated $343.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Planet Fitness Inc's total assets?
Planet Fitness Inc (PLNT) had $3.1B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Planet Fitness Inc's capital expenditures?
Planet Fitness Inc (PLNT) invested $155.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Planet Fitness Inc buy back shares?
Yes, Planet Fitness Inc (PLNT) spent $300.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Planet Fitness Inc's current ratio?
Planet Fitness Inc (PLNT) had a current ratio of 2.08 as of fiscal year 2024, which is generally considered healthy.
What is Planet Fitness Inc's debt-to-equity ratio?
Planet Fitness Inc (PLNT) had a debt-to-equity ratio of -9.97 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Planet Fitness Inc's return on assets (ROA)?
Planet Fitness Inc (PLNT) had a return on assets of 5.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Planet Fitness Inc's debt-to-equity ratio negative or unusual?
Planet Fitness Inc (PLNT) has negative shareholder equity of -$215.4M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Planet Fitness Inc's Altman Z-Score?
Planet Fitness Inc (PLNT) has an Altman Z-Score of 1.85, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Planet Fitness Inc's Piotroski F-Score?
Planet Fitness Inc (PLNT) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Planet Fitness Inc's earnings high quality?
Planet Fitness Inc (PLNT) has an earnings quality ratio of 2.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Planet Fitness Inc cover its interest payments?
Planet Fitness Inc (PLNT) has an interest coverage ratio of 3.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Planet Fitness Inc?
Planet Fitness Inc (PLNT) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.