Planet Fitness, Inc. (PLNT) Financials

PLNT

Trailing 12 months to June 30, 2026

Revenue $1.4B +12.7% YoY

Net Income $237.9M +25.9% YoY

Free Cash Flow $261.7M +28.1% YoY

Operating Cash Flow $434.0M +22.7% YoY

Market Cap $3.6B as of Oct 9, 2026

Price / Sales 2.6x on $1.4B revenue, trailing 12 months to June 30, 2026

Price / Earnings 15.3x on $237.9M net income, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PLNT SEC filings page.

Planet Fitness, Inc. (PLNT) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 12.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).

Rhea AI PLNT FY2025 2026-10-03

The business converts growing revenue into cash efficiently, while buybacks coexist with rising debt and a negative-equity balance sheet.

Net income rose 27.4% from FY2024 to FY2025, while free cash flow rose 34.9%; that widening spread indicates earnings translated into cash more strongly. Capital spending was $163.7M against depreciation and amortization of $155.8M, so the cash improvement did not come from sharply shrinking reinvestment.

Revenue reached $1.3B in FY2025, while operating margin reached 29.8%. That margin was 24.4% in FY2021, meaning a larger share of sales now reaches operating profit—consistent with better fixed-cost absorption rather than evidence of price increases.

Long-term debt reached $2.5B in FY2025 while equity remained negative $482.8M, signaling a liability-heavy capital structure. Buybacks of $500.4M exceeded free cash flow of $254.8M, so distributions were not fully funded by that year's cash generation.

Financial Health Signals

Financial Health Score 67/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Planet Fitness, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Planet Fitness, Inc. has an operating margin of 29.8%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 94/100, reflecting efficient cost management and pricing power. This is up from 27.4% the prior year.

Growth

Planet Fitness, Inc.'s revenue grew 12.1% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 68/100.

Leverage

Liquidity

Planet Fitness, Inc.'s current ratio of 2.11 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Planet Fitness, Inc. converts 19.2% of revenue into free cash flow ($254.8M). This strong cash generation earns a score of 84/100.

Returns

Altman Z-Score Distress

1.09

Planet Fitness, Inc. scores 1.09, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.6B) relative to total liabilities ($3.6B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Planet Fitness, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.91x

For every $1 of reported earnings, Planet Fitness, Inc. generates $1.91 in operating cash flow ($418.4M OCF vs $219.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.65x

Planet Fitness, Inc. earns $3.65 in operating income for every $1 of interest expense ($394.7M vs $108.2M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$365.2M

YoY+7.1%

QoQ+8.3%

5Y CAGR+21.6%

10Y CAGR+14.8%

Planet Fitness, Inc. generated $365.2M in revenue in Q2 2026. This represents an increase of 7.1% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.

EBITDA

$164.0M

YoY+16.4%

QoQ+18.0%

5Y CAGR+24.3%

10Y CAGR+16.5%

Planet Fitness, Inc.'s EBITDA was $164.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 16.4% from the same quarter a year earlier. Against the prior quarter it is up 18.0%.

Net Income

$67.1M

YoY+15.6%

QoQ+30.1%

5Y CAGR+36.8%

10Y CAGR+32.1%

Planet Fitness, Inc. reported $67.1M in net income in Q2 2026. This represents an increase of 15.6% from the same quarter a year earlier. Against the prior quarter it is up 30.1%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$4.0M

YoY-51.3%

QoQ-96.7%

5Y CAGR-36.1%

10Y CAGR-18.6%

Planet Fitness, Inc. generated $4.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 51.3% from the same quarter a year earlier. Against the prior quarter it is down 96.7%.

Cash & Debt

$298.3M

YoY-11.2%

QoQ-20.5%

5Y CAGR-8.7%

10Y CAGR+18.3%

Planet Fitness, Inc. held $298.3M in cash against $2.4B in long-term debt as of Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Gross Margin

82.3%

YoY-0.2pp

QoQ-4.2pp

5Y change-4.2pp

Planet Fitness, Inc.'s gross margin was 82.3% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.2 percentage points.

Operating Margin

33.9%

YoY+3.9pp

QoQ+4.6pp

5Y change+4.6pp

10Y change+3.5pp

Planet Fitness, Inc.'s operating margin was 33.9% in Q2 2026, reflecting core business profitability. This is up 3.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.

Net Margin

18.4%

YoY+1.4pp

QoQ+3.1pp

5Y change+8.2pp

10Y change+13.9pp

Planet Fitness, Inc.'s net profit margin was 18.4% in Q2 2026, showing the share of revenue converted to profit. This is up 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.1 percentage points.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$200.1M

YoY+9541.1%

QoQ+291.6%

Planet Fitness, Inc. spent $200.1M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 9541.1% from the same quarter a year earlier. Against the prior quarter it is up 291.6%.

Capital Expenditures

$41.9M

YoY+17.3%

QoQ+64.4%

5Y CAGR+26.3%

10Y CAGR+27.7%

Planet Fitness, Inc. invested $41.9M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 17.3% from the same quarter a year earlier. Against the prior quarter it is up 64.4%.

R&D Spending

Not reported for Q2 2026.

PLNT Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PLNT quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Revenue	$1.4B	$1.3B+12.1%	$1.2B+10.3%	$1.1B+14.4%	$936.8M+59.6%	$587.0M+44.4%	$406.6M-41.0%	$688.8M+20.2%	$572.9M+33.3%	$429.9M+13.7%	$378.2M+14.4%	$330.5M+18.1%	$279.8M+32.6%	$211.0M
Cost of Revenue	$258.2M	$230.3M+16.8%	$197.1M+3.7%	$190.0M+7.2%	$177.2M+75.5%	$101.0M+42.3%	$71.0M-63.5%	$194.4M+19.6%	$162.6M+25.8%	$129.3M+5.7%	$122.3M+7.8%	$113.5M+13.1%	$100.3M+23.3%	$81.4M
Gross Profit	$1.2B	$1.1B+11.1%	$984.5M+11.7%	$881.3M+16.0%	$759.6M+56.3%	$486.0M+44.8%	$335.7M-32.1%	$494.4M+20.5%	$410.3M+36.4%	$300.7M+17.5%	$255.9M+17.9%	$217.0M+20.9%	$179.5M+38.4%	$129.7M
SG&A Expenses	$136.4M	$137.6M+6.6%	$129.1M+3.4%	$124.9M+8.8%	$114.9M+21.5%	$94.5M+37.8%	$68.6M-13.0%	$78.8M+8.8%	$72.4M+20.0%	$60.4M+20.7%	$50.0M-10.0%	$55.6M+58.2%	$35.1M+51.9%	$23.1M
Operating Income	$435.6M	$394.7M+21.7%	$324.2M+18.8%	$272.9M+18.6%	$230.1M+60.5%	$143.4M+140.0%	$59.8M-74.4%	$233.1M+26.6%	$184.0M+24.7%	$147.5M+27.6%	$115.7M+60.4%	$72.1M+17.2%	$61.5M+70.8%	$36.0M
EBITDA	N/A	$550.5M+13.6%	$484.5M+14.7%	$422.3M+19.3%	$354.1M+71.7%	$206.2M+81.5%	$113.6M-59.1%	$277.4M+26.5%	$219.3M+22.3%	$179.3M+21.8%	$147.2M+41.2%	$104.3M+11.1%	$93.9M+44.8%	$64.8M
Interest Expense	$122.2M	$108.2M+8.2%	$100.0M+15.5%	$86.6M-2.3%	$88.6M+9.1%	$81.2M-1.1%	$82.1M+34.9%	$60.9M+19.9%	$50.7M+43.6%	$35.3M+30.2%	$27.1M+10.6%	$24.5M+12.6%	$21.8M+144.6%	$8.9M
Income Tax	$92.5M	$85.9M+25.5%	$68.4M+17.0%	$58.5M+15.8%	$50.5M+792.6%	$5.7M+723.7%	$687K-98.2%	$37.8M+31.8%	$28.6M-92.3%	$373.6M+1901.9%	$18.7M+104.0%	$9.1M+673.3%	$1.2M+86.9%	$633K
Net Income	$237.9M	$219.1M+27.4%	$172.0M+24.4%	$138.3M+39.1%	$99.4M+132.4%	$42.8M+385.3%	-$15.0M-112.7%	$117.7M+33.7%	$88.0M+165.6%	$33.1M+54.2%	$21.5M+16.1%	$18.5M-49.7%	$36.8M+44.7%	$25.4M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$365.2M+7.1%	$337.2M+21.9%	$376.3M+10.5%	$330.3M+13.0%	$340.9M+13.3%	$276.7M+11.5%	$340.4M+19.4%	$292.2M+5.3%
Cost of Revenue	$64.5M+8.5%	$45.3M+101.6%	$90.2M+12.1%	$58.2M+27.3%	$59.4M+14.4%	$22.5M+18.4%	$80.5M+40.1%	$45.7M-15.0%
Gross Profit	$300.7M+6.8%	$291.9M+14.8%	$286.0M+10.0%	$272.2M+10.4%	$281.5M+13.0%	$254.2M+11.0%	$260.0M+14.2%	$246.5M+10.2%
SG&A Expenses	$34.4M-3.1%	$34.1M-0.5%	$37.3M+4.5%	$30.5M-6.5%	$35.5M+12.3%	$34.3M+17.5%	$35.7M+14.3%	$32.6M-1.9%
Operating Income	$123.8M+20.9%	$98.7M+24.6%	$106.0M+18.1%	$107.1M+31.8%	$102.4M+17.2%	$79.2M+20.3%	$89.7M+25.8%	$81.3M+12.3%
EBITDA	$164.0M+16.4%	$138.9M+18.2%	$146.0M+12.4%	$146.2M+19.5%	$140.8M+10.7%	$117.5M+11.7%	$129.9M+17.5%	$122.3M+11.3%
Interest Expense	$33.4M+27.6%	$33.0M+25.8%	$29.5M+7.5%	$26.3M-1.0%	$26.2M+6.7%	$26.2M+22.2%	$27.5M+26.0%	$26.6M+22.6%
Income Tax	$28.5M+14.4%	$19.3M+19.1%	$16.8M-10.0%	$28.0M+69.3%	$24.9M+31.4%	$16.2M+13.2%	$18.6M-5.3%	$16.5M+22.6%
Net Income	$67.1M+15.6%	$51.6M+23.1%	$60.4M+28.3%	$58.8M+40.0%	$58.0M+19.3%	$41.9M+22.0%	$47.1M+33.2%	$42.0M+7.3%

Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

PLNT Balance Sheet

PLNT quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Total Assets	$3.1B+1.1%	$3.1B+3.4%	$3.0B+4.0%	$2.9B+41.6%	$2.0B+9.0%	$1.8B+7.7%	$1.7B+26.9%	$1.4B+23.9%	$1.1B+9.1%	$1.0B+43.2%	$699.2M+16.1%	$602.0M	N/A
Current Assets	$658.4M+12.0%	$588.0M+24.6%	$471.8M-15.1%	$555.5M-16.1%	$662.4M+16.9%	$566.8M+4.9%	$540.1M+39.0%	$388.5M+119.5%	$177.0M+94.0%	$91.2M+25.1%	$72.9M-3.2%	$75.3M	N/A
Cash & Equivalents	$345.7M+17.9%	$293.1M+6.3%	$275.8M-32.7%	$409.8M-24.9%	$545.9M+24.2%	$439.5M+0.7%	$436.3M+50.7%	$289.4M+156.0%	$113.1M+179.9%	$40.4M+28.5%	$31.4M-27.4%	$43.3M+38.5%	$31.3M
Short-Term Investments	$106.8M-6.5%	$114.2M+52.4%	$74.9M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$7.6M+23.3%	$6.1M+31.4%	$4.7M-11.2%	$5.3M+355.9%	$1.2M+144.2%	$473K-46.1%	$877K-82.9%	$5.1M+90.3%	$2.7M+49.4%	$1.8M-60.5%	$4.6M+51.3%	$3.0M	N/A
Accounts Receivable	$70.4M-8.7%	$77.1M+84.2%	$41.9M-9.4%	$46.2M+69.7%	$27.3M+65.7%	$16.4M-61.1%	$42.3M+8.5%	$39.0M+4.5%	$37.3M+38.7%	$26.9M+40.9%	$19.1M-1.0%	$19.3M	N/A
Long-Term Investments	$88.3M+34.4%	$65.7M+29.0%	$50.9M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$712.5M-1.1%	$720.6M+0.4%	$717.5M+2.1%	$702.7M+207.4%	$228.6M+0.3%	$227.8M0.0%	$227.8M+14.2%	$199.5M+12.7%	$177.0M0.0%	$177.0M0.0%	$177.0M0.0%	$177.0M+12.6%	$157.2M
Total Liabilities	$3.6B+9.2%	$3.3B+6.5%	$3.1B+1.0%	$3.1B+14.7%	$2.7B+4.1%	$2.6B+5.4%	$2.4B+40.3%	$1.7B+42.6%	$1.2B+7.0%	$1.1B+58.4%	$714.6M+58.7%	$450.2M	N/A
Current Liabilities	$312.5M+10.6%	$282.5M+12.4%	$251.3M+2.8%	$244.5M+38.5%	$176.6M+57.8%	$111.9M-23.1%	$145.5M+10.7%	$131.4M+17.3%	$112.0M+34.5%	$83.3M+25.7%	$66.3M+8.8%	$60.9M	N/A
Non-Current Liabilities	$3.3B+9.0%	$3.0B+5.8%	$2.8B+0.6%	$2.8B+13.7%	$2.5B+1.6%	$2.4B+7.2%	$2.3B+42.0%	$1.6B+43.6%	$1.1B-1.4%	$1.1B+78.7%	$634.0M+62.8%	$389.3M	N/A
Long-Term Debt	$2.5B+14.4%	$2.1B+9.4%	$2.0B-0.8%	$2.0B+13.7%	$1.7B-0.6%	$1.8B+3.8%	$1.7B+45.5%	$1.2B+66.5%	$696.6M-0.8%	$702.0M+46.3%	$479.8M+27.6%	$375.9M	N/A
Total Equity	-$482.8M-124.2%	-$215.4M-86.2%	-$115.6M+41.9%	-$199.0M+69.2%	-$645.4M+8.6%	-$705.9M+0.1%	-$706.5M-88.6%	-$374.6M-213.5%	-$119.5M+8.6%	-$130.8M-750.2%	-$15.4M-110.1%	$151.7M-52.9%	$321.9M
Retained Earnings	-$1.1B-34.7%	-$822.2M-18.9%	-$691.5M+1.7%	-$703.7M+0.7%	-$708.8M+5.7%	-$751.6M-2.0%	-$736.6M-86.8%	-$394.4M-201.2%	-$131.0M+20.2%	-$164.1M-1069.2%	-$14.0M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$3.0B-3.7%	$3.1B+0.4%	$3.1B+1.1%	$3.1B+0.3%	$3.1B+4.9%	$3.1B+3.3%	$3.1B+3.4%	$3.0B+3.5%
Current Assets	$628.1M-1.5%	$687.1M+13.8%	$658.4M+12.0%	$625.6M+12.4%	$637.4M+29.1%	$603.6M+15.9%	$588.0M+24.6%	$556.4M+3.0%
Cash & Equivalents	$298.3M-11.2%	$375.3M+9.1%	$345.7M+17.9%	$329.0M+10.1%	$335.7M+35.9%	$343.9M+14.0%	$293.1M+6.3%	$298.8M-3.3%
Short-Term Investments	$102.5M-4.2%	$98.5M-10.2%	$106.8M-6.5%	$114.4M+5.3%	$107.0M+3.7%	$109.7M+17.5%	$114.2M+52.4%	$108.6M+0.2%
Inventory	$9.2M+112.1%	$4.8M+143.6%	$7.6M+23.3%	$7.0M+43.7%	$4.3M-16.4%	$2.0M-60.2%	$6.1M+31.4%	$4.9M-35.5%
Accounts Receivable	$65.6M-9.9%	$41.1M+6.3%	$70.4M-8.7%	$70.4M+43.8%	$72.8M+76.2%	$38.6M+62.1%	$77.1M+84.2%	$49.0M+34.6%
Long-Term Investments	$70.7M-15.2%	$97.0M+27.4%	$88.3M+34.4%	$78.2M+40.8%	$83.3M+67.6%	$76.1M+68.5%	$65.7M+29.0%	$55.5M+441.7%
Goodwill	$712.3M-1.2%	$712.3M-1.2%	$712.5M-1.1%	$710.6M-1.2%	$721.1M+0.3%	$720.8M+0.2%	$720.6M+0.4%	$719.1M+0.2%
Total Liabilities	$3.6B+10.4%	$3.6B+8.3%	$3.6B+9.2%	$3.3B-1.9%	$3.3B-0.4%	$3.3B+7.2%	$3.3B+6.5%	$3.3B+6.8%
Current Liabilities	$396.5M+27.8%	$331.7M+15.4%	$312.5M+10.6%	$300.4M+4.9%	$310.2M+14.0%	$287.5M+16.6%	$282.5M+12.4%	$286.3M+4.9%
Non-Current Liabilities	$3.2B+8.6%	$3.3B+7.7%	$3.3B+9.0%	$3.0B-2.5%	$3.0B-1.8%	$3.0B+6.3%	$3.0B+5.8%	$3.0B+6.8%
Long-Term Debt	$2.4B+14.4%	$2.5B+14.4%	$2.5B+14.4%	$2.1B-0.8%	$2.1B-0.8%	$2.1B+9.4%	$2.1B+9.4%	$2.2B+9.4%
Total Equity	-$612.7M-286.1%	-$482.2M-119.3%	-$482.8M-124.2%	-$194.8M+26.8%	-$158.7M+50.0%	-$219.9M-128.1%	-$215.4M-86.2%	-$266.1M-69.4%
Retained Earnings	-$1.2B-60.3%	-$1.1B-33.3%	-$1.1B-34.7%	-$814.8M+6.3%	-$774.8M+14.9%	-$830.7M-22.7%	-$822.2M-18.9%	-$869.3M-19.6%

PLNT Cash Flow Statement

PLNT quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Operating Cash Flow	$434.0M	$418.4M+21.7%	$343.9M+4.1%	$330.3M+37.5%	$240.2M+26.9%	$189.3M+507.9%	$31.1M-84.8%	$204.3M+10.8%	$184.4M+40.7%	$131.0M+20.4%	$108.8M+33.3%	$81.7M+2.8%	$79.4M+18.6%	$66.9M
Depreciation & Amortization	N/A	$155.8M-2.8%	$160.3M+7.3%	$149.4M+20.5%	$124.0M+97.5%	$62.8M+16.7%	$53.8M+21.4%	$44.3M+25.8%	$35.3M+11.0%	$31.8M+0.8%	$31.5M-2.0%	$32.2M-0.6%	$32.3M+12.3%	$28.8M
Stock-Based Compensation	N/A	$12.3M+38.4%	$8.9M+12.7%	$7.9M-2.0%	$8.1M-8.4%	$8.8M+84.3%	$4.8M-1.0%	$4.8M-11.9%	$5.5M+116.5%	$2.5M+46.5%	$1.7M-64.6%	$4.9M	N/A	N/A
Capital Expenditures	$172.3M	$163.7M+5.6%	$155.1M+14.0%	$136.0M+35.9%	$100.1M+85.0%	$54.1M+2.9%	$52.6M-9.2%	$57.9M+41.7%	$40.9M+8.3%	$37.7M+145.3%	$15.4M-21.1%	$19.5M+17.0%	$16.6M+128.5%	$7.3M
Free Cash Flow	$261.7M	$254.8M+34.9%	$188.8M-2.8%	$194.3M+38.6%	$140.2M+3.6%	$135.2M+731.2%	-$21.4M-114.6%	$146.4M+2.0%	$143.5M+53.8%	$93.3M-0.2%	$93.4M+50.3%	$62.2M-0.9%	$62.8M+5.2%	$59.7M
Investing Cash Flow	-$131.8M	-$160.2M+23.3%	-$208.7M+38.6%	-$340.0M+32.9%	-$506.6M-457.2%	-$90.9M-73.9%	-$52.3M+52.8%	-$110.7M-28.1%	-$86.4M-133.3%	-$37.0M-152.1%	-$14.7M	N/A	N/A	N/A
Financing Cash Flow	-$323.5M	-$198.1M-88.7%	-$105.0M+25.8%	-$141.4M-204.2%	$135.7M+1424.7%	-$10.2M-117.7%	$57.9M-10.1%	$64.3M-41.5%	$109.9M+606.5%	-$21.7M+74.5%	-$85.2M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$169.3M	N/A	N/A	N/A
Share Buybacks	$699.5M	$500.4M+66.7%	$300.2M+140.1%	$125.0M+32.6%	$94.3M	$0	$0-100.0%	$458.2M+33.8%	$342.4M	N/A	$1.6M	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$45.9M+4.5%	$147.5M+10.2%	$109.1M+122.0%	$131.5M+3.7%	$44.0M-43.8%	$133.9M+49.3%	$49.1M-22.4%	$126.8M+15.7%
Depreciation & Amortization	$40.1M+4.5%	$40.3M+5.1%	$40.0M-0.4%	$39.1M-4.7%	$38.4M-3.5%	$38.3M-2.8%	$40.1M+2.4%	$41.0M+9.5%
Stock-Based Compensation	N/A	$3.0M+13.3%	N/A	N/A	N/A	$2.6M+169.8%	N/A	N/A
Capital Expenditures	$41.9M+17.3%	$25.5M+10.6%	$50.1M+19.0%	$54.8M+12.7%	$35.7M-6.0%	$23.1M-12.4%	$42.1M-18.0%	$48.6M+23.1%
Free Cash Flow	$4.0M-51.3%	$122.0M+10.1%	$59.0M+737.8%	$76.7M-1.9%	$8.2M-79.5%	$110.9M+74.8%	$7.0M-41.3%	$78.2M+11.5%
Investing Cash Flow	$4.6M+110.8%	-$47.2M-68.0%	-$54.1M+10.4%	-$35.1M+39.4%	-$42.9M+17.2%	-$28.1M+27.3%	-$60.4M+34.4%	-$57.9M-23.4%
Financing Cash Flow	-$135.8M-1166.0%	-$55.6M-0.4%	-$28.5M-726.8%	-$103.5M-4922.8%	-$10.7M+86.4%	-$55.4M-121.5%	-$3.4M+31.5%	$2.1M+138.9%
Share Buybacks	$200.1M+9541.1%	$51.1M+2.2%	$350.3M	$97.9M	$2.1M-99.3%	$50.0M+150.0%	$0	$0

Not reported in any period shown, so not listed: Dividends Paid.

PLNT Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PLNT quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K
Gross Margin	82.6%-0.7pp	83.3%+1.1pp	82.3%+1.2pp	81.1%-1.7pp	82.8%+0.2pp	82.5%+10.8pp	71.8%+0.2pp	71.6%+1.7pp	69.9%+2.3pp	67.7%+2.0pp	65.7%+1.5pp	64.1%+2.7pp	61.5%
Operating Margin	29.8%+2.4pp	27.4%+2.0pp	25.5%+0.9pp	24.6%+0.1pp	24.4%+9.7pp	14.7%-19.1pp	33.8%+1.7pp	32.1%-2.2pp	34.3%+3.7pp	30.6%+8.8pp	21.8%-0.2pp	22.0%+4.9pp	17.1%
Net Margin	16.6%+2.0pp	14.6%+1.7pp	12.9%+2.3pp	10.6%+3.3pp	7.3%+11.0pp	-3.7%-20.8pp	17.1%+1.7pp	15.4%+7.6pp	7.7%+2.0pp	5.7%+0.1pp	5.6%-7.6pp	13.2%+1.1pp	12.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	24.3%+16.4pp	7.9%
Return on Assets	7.1%+1.5pp	5.6%+0.9pp	4.7%+1.2pp	3.5%+1.4pp	2.1%+2.9pp	-0.8%-7.7pp	6.9%+0.4pp	6.5%+3.5pp	3.0%+0.9pp	2.1%-0.5pp	2.6%-3.5pp	6.1%	N/A
Current Ratio	2.110.0x	2.08+0.2x	1.88-0.4x	2.27-1.5x	3.75-1.3x	5.07+1.4x	3.71+0.8x	2.96+1.4x	1.58+0.5x	1.100.0x	1.10-0.1x	1.24	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	2.48	N/A
Asset Turnover	0.430.0x	0.380.0x	0.360.0x	0.330.0x	0.29+0.1x	0.22-0.2x	0.400.0x	0.420.0x	0.390.0x	0.38-0.1x	0.470.0x	0.46	N/A
FCF Margin	19.2%+3.3pp	16.0%-2.1pp	18.1%+3.2pp	15.0%-8.1pp	23.0%+28.3pp	-5.3%-26.5pp	21.3%-3.8pp	25.1%+3.4pp	21.7%-3.0pp	24.7%+5.9pp	18.8%-3.6pp	22.4%-5.8pp	28.3%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	82.3%-0.2pp	86.6%-5.3pp	76.0%-0.3pp	82.4%-2.0pp	82.6%-0.2pp	91.9%-0.5pp	76.4%-3.5pp	84.4%+3.7pp
Operating Margin	33.9%+3.9pp	29.3%+0.6pp	28.2%+1.8pp	32.4%+4.6pp	30.0%+1.0pp	28.6%+2.1pp	26.4%+1.3pp	27.8%+1.7pp
Net Margin	18.4%+1.4pp	15.3%+0.2pp	16.1%+2.2pp	17.8%+3.4pp	17.0%+0.9pp	15.1%+1.3pp	13.8%+1.4pp	14.4%+0.3pp
Return on Assets	2.2%+0.4pp	1.7%+0.3pp	1.9%+0.4pp	1.9%+0.5pp	1.9%+0.2pp	1.4%+0.2pp	1.5%+0.3pp	1.4%+0.1pp
Current Ratio	1.58-0.5x	2.070.0x	2.110.0x	2.08+0.1x	2.05+0.2x	2.100.0x	2.08+0.2x	1.940.0x
Asset Turnover	0.120.0x	0.110.0x	0.120.0x	0.110.0x	0.110.0x	0.090.0x	0.110.0x	0.100.0x
FCF Margin	1.1%-1.3pp	36.2%-3.9pp	15.7%+13.6pp	23.2%-3.5pp	2.4%-10.9pp	40.1%+14.5pp	2.1%-2.1pp	26.8%+1.5pp

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$482.8M), 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.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Planet Fitness, Inc. PLNT	FY2025	$1.3B	$219.1M	16.6%	$3.6B	67/100
Life Time Group Holdings, Inc. LTH	FY2025	$3.0B	$373.7M	12.5%	$9.0B	39/100
Mattel, Inc. MAT	FY2025	$5.3B	$398.0M	7.4%	$4.7B	47/100
Acushnet Holdings Corp. GOLF	FY2025	$2.6B	$188.5M	7.4%	$4.6B	60/100
Peloton Interactive, Inc. PTON	FY2026	$2.4B	$63.2M	2.6%	$2.2B	47/100
OneSpaWorld Holdings Limited OSW	FY2025	$961.0M	$71.6M	7.4%	$2.4B	57/100

Where Planet Fitness, Inc. Ranks

Frequently Asked Questions

What is Planet Fitness, Inc.'s annual revenue?

Planet Fitness, Inc. (PLNT) reported $1.3B in total revenue for fiscal year 2025. This represents a 12.1% 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 12.1% year-over-year, from $1.2B to $1.3B in fiscal year 2025.

Is Planet Fitness, Inc. profitable?

Yes, Planet Fitness, Inc. (PLNT) reported a net income of $219.1M in fiscal year 2025, with a net profit margin of 16.6%.

What is Planet Fitness, Inc.'s EBITDA?

Planet Fitness, Inc. (PLNT) had EBITDA of $550.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Planet Fitness, Inc. have?

As of fiscal year 2025, Planet Fitness, Inc. (PLNT) had $345.7M in cash and equivalents against $2.5B in long-term debt.

What is Planet Fitness, Inc.'s gross margin?

Planet Fitness, Inc. (PLNT) had a gross margin of 82.6% in fiscal year 2025, 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 29.8% in fiscal year 2025, 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 16.6% in fiscal year 2025, 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 $254.8M in free cash flow during fiscal year 2025. This represents a 34.9% 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 $418.4M in operating cash flow during fiscal year 2025, 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 2025, including both current and long-term assets.

What are Planet Fitness, Inc.'s capital expenditures?

Planet Fitness, Inc. (PLNT) invested $163.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Planet Fitness, Inc. buy back shares?

Yes, Planet Fitness, Inc. (PLNT) spent $500.4M on share buybacks during fiscal year 2025, 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 2.11 as of fiscal year 2025, which is generally considered healthy.

What is Planet Fitness, Inc.'s return on assets (ROA)?

Planet Fitness, Inc. (PLNT) had a return on assets of 7.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Planet Fitness, Inc.'s P/E ratio?

Planet Fitness, Inc. (PLNT) trades at 15.3x earnings, its market capitalization divided by net income of $237.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.6B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Planet Fitness, Inc.'s price-to-sales ratio?

Planet Fitness, Inc. (PLNT) trades at 2.6x sales, its market capitalization divided by revenue of $1.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.6B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Planet Fitness, Inc.'s debt-to-equity ratio negative or not reported?

Planet Fitness, Inc. (PLNT) has negative shareholder equity of -$482.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 1.09, placing it in the Distress Zone (elevated bankruptcy 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 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.91x, 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 3.65x, 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 67 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.