Planet Fitness (PLNT) Financials

$103.34 +0.88 (+0.86%)

As of 03:58 PM Eastern

Annual Income Statements for Planet Fitness

This table shows Planet Fitness' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	172	138	99	43	-15	118	88	33	22	19
Consolidated Net Income / (Loss)	174	147	110	46	-15	135	103	56	71	38
Net Income / (Loss) Continuing Operations	174	147	110	46	-15	586	103	56	71	38
Total Pre-Tax Income	247	208	161	52	-15	173	132	429	90	47
Total Operating Income	324	273	230	143	60	233	184	148	116	72
Total Gross Profit	985	881	760	486	336	1,461	410	301	256	217
Total Revenue	1,182	1,071	937	587	407	1,655	573	430	378	331
Operating Revenue	1,182	1,071	937	587	407	1,655	573	430	378	331
Total Cost of Revenue	197	190	177	101	71	194	163	129	122	113
Operating Cost of Revenue	197	190	177	101	71	194	163	129	122	113
Total Operating Expenses	660	608	529	343	276	717	226	153	140	145
Selling, General & Admin Expense	420	379	334	95	69	165	72	60	50	56
Marketing Expense	79	70	66	59	61	-	43	0.00	0.00	-
Depreciation Expense	160	149	124	63	54	44	35	32	32	32
Other Operating Expenses / (Income)	1.33	10	5.08	126	92	508	76	61	59	57
Total Other Income / (Expense), net	-77	-65	-69	-91	-74	-120	-52	282	-26	-25
Interest Expense	100	87	89	81	82	61	51	35	27	-
Interest & Investment Income	23	18	5.01	0.88	2.94	7.05	4.68	0.05	0.02	-25
Other Income / (Expense), net	-0.55	3.51	15	-11	4.90	-66	-6.18	317	1.37	-0.28
Income Tax Expense	68	59	51	5.66	0.69	38	29	374	19	9.15
Other Gains / (Losses), net	-4.04	-1.99	-0.47	-0.18	0.00	0.00	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	2.20	8.72	11	3.35	-0.21	18	15	22	50	20
Basic Earnings per Share	$2.01	$1.63	$1.18	$0.51	($0.19)	$1.42	$1.01	-	-	-
Weighted Average Basic Shares Outstanding	85.62M	84.90M	84.14M	83.30M	80.30M	82.98M	87.24M	78.91M	43.30M	168.30M
Diluted Earnings per Share	$2.00	$1.62	$1.18	$0.51	($0.19)	$1.41	$1.00	-	-	-
Weighted Average Diluted Shares Outstanding	85.83M	85.18M	84.54M	83.89M	80.30M	83.62M	87.67M	78.91M	43.30M	168.30M
Weighted Average Basic & Diluted Shares Outstanding	84.67M	88.17M	89.44M	91.03M	86.55M	87.10M	87.24M	78.91M	43.30M	168.30M

This table shows Planet Fitness' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	47	42	49	34	35	39	41	23	34	27
Consolidated Net Income / (Loss)	48	42	49	35	37	41	44	25	36	31
Net Income / (Loss) Continuing Operations	48	42	49	35	37	41	44	25	36	31
Total Pre-Tax Income	67	60	70	50	58	55	60	35	51	46
Total Operating Income	90	81	87	66	71	72	77	52	64	62
Total Gross Profit	260	247	249	229	228	224	227	203	208	196
Total Revenue	340	292	301	248	285	278	286	222	281	244
Operating Revenue	340	292	301	248	285	278	286	222	281	244
Total Cost of Revenue	80	46	52	19	57	54	59	19	74	49
Operating Cost of Revenue	80	46	52	19	57	54	59	19	74	49
Total Operating Expenses	170	165	162	163	156	151	150	151	143	134
Selling, General & Admin Expense	255	104	32	29	222	96	33	28	248	27
Marketing Expense	19	20	20	20	18	18	18	17	16	17
Depreciation Expense	40	41	40	39	39	37	37	36	34	33
Other Operating Expenses / (Income)	-144	0.28	70	75	-122	-0.06	63	70	-154	57
Total Other Income / (Expense), net	-23	-22	-18	-15	-14	-17	-17	-18	-13	-16
Interest Expense	27	27	25	21	22	22	21	22	22	22
Interest & Investment Income	6.43	5.61	5.62	5.46	5.40	4.25	4.16	3.93	2.76	1.56
Other Income / (Expense), net	-1.68	-0.56	1.04	0.65	2.88	0.15	0.37	0.11	5.98	4.76
Income Tax Expense	19	17	19	14	20	13	16	9.57	15	16
Other Gains / (Losses), net	-0.84	-0.78	-1.22	-1.20	-1.41	-0.24	-0.07	-0.27	-0.13	-0.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.48	0.39	0.67	0.66	1.42	2.19	3.05	2.06	2.65	3.76
Basic Earnings per Share	$0.56	$0.50	$0.56	$0.39	$0.41	$0.46	$0.49	$0.27	$0.40	$0.32
Weighted Average Basic Shares Outstanding	85.62M	84.57M	86.81M	86.91M	84.90M	84.61M	84.62M	84.44M	84.14M	84.16M
Diluted Earnings per Share	$0.55	$0.50	$0.56	$0.39	$0.41	$0.46	$0.48	$0.27	$0.41	$0.32
Weighted Average Diluted Shares Outstanding	85.83M	84.73M	86.96M	87.22M	85.18M	84.89M	84.91M	84.79M	84.54M	84.55M
Weighted Average Basic & Diluted Shares Outstanding	84.67M	84.59M	85.17M	88.18M	88.17M	88.15M	88.14M	89.19M	89.44M	89.56M

This table details how cash moves in and out of Planet Fitness' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	28	-150	-131	88	37	159	208	72	8.94	-12
Net Cash From Operating Activities	344	330	240	189	31	204	184	131	109	82
Net Cash From Continuing Operating Activities	344	330	240	189	31	204	184	131	109	82
Net Income / (Loss) Continuing Operations	174	147	110	46	-15	135	103	56	71	38
Consolidated Net Income / (Loss)	174	147	110	46	-15	135	103	56	71	38
Depreciation Expense	160	149	124	63	54	44	35	32	32	32
Amortization Expense	2.06	2.22	5.51	6.35	6.41	5.69	4.95	3.69	2.73	2.10
Non-Cash Adjustments To Reconcile Net Income	26	12	-2.36	44	-1.98	7.16	40	-314	4.95	2.72
Changes in Operating Assets and Liabilities, net	-19	20	2.57	30	-12	12	0.87	354	-1.62	6.55
Net Cash From Investing Activities	-209	-340	-507	-91	-52	-111	-86	-37	-15	-19
Net Cash From Continuing Investing Activities	-209	-340	-507	-91	-52	-111	-86	-37	-15	-19
Purchase of Property, Plant & Equipment	-155	-136	-100	-54	-53	-58	-41	-38	-15	-19
Acquisitions	0.00	-43	-425	-1.89	0.00	-53	-46	0.00	0.00	-
Purchase of Investments	-157	-241	-2.45	-35	0.00	0.00	-	-	-	-
Sale of Property, Plant & Equipment	1.40	0.10	0.06	0.05	0.28	0.11	0.20	0.68	0.68	0.33
Divestitures	0.00	0.00	21	0.00	0.00	-	-	-	-	-
Sale and/or Maturity of Investments	104	80	0.00	0.00	-	-	-	-	-	-
Other Investing Activities, net	-2.15	0.00	0.00	-	-	-	-	-	-	-
Net Cash From Financing Activities	-105	-141	136	-10	58	64	110	-22	-85	-74
Net Cash From Continuing Financing Activities	-105	-141	136	-10	58	64	110	-22	-85	-74
Repayment of Debt	-621	-21	-741	-18	-18	-23	-740	-8.49	-11	-17
Repurchase of Preferred Equity	-1.03	0.00	0.00	-	-	-	-	-	-	-
Repurchase of Common Equity	-300	-125	-94	0.00	0.00	-458	-342	0.00	-1.58	-
Payment of Dividends	-4.79	-4.61	-4.63	-0.75	-2.06	-7.68	-9.26	-13	-303	-176
Issuance of Debt	800	0.00	975	0.00	75	550	1,200	0.00	230	120
Issuance of Common Equity	22	9.16	0.93	8.19	2.57	2.86	1.21	0.48	0.14	157
Other Financing Activities, net	-0.10	-0.19	-0.27	-0.18	-0.17	-0.09	0.00	-0.37	0.00	-158
Effect of Exchange Rate Changes	-2.61	0.78	-0.81	0.01	0.30	0.69	-	-	-	-0.12
Cash Interest Paid	91	81	81	75	76	54	39	31	24	23
Cash Income Taxes Paid	12	5.26	3.63	1.85	-2.16	10	5.02	3.72	7.04	2.83

This table details how cash moves in and out of Planet Fitness' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-17	72	-53	26	-33	57	-224	51	5.32	21
Net Cash From Operating Activities	49	127	78	90	63	110	59	98	50	80
Net Cash From Continuing Operating Activities	49	127	78	90	63	110	59	98	50	80
Net Income / (Loss) Continuing Operations	48	42	49	35	37	41	44	25	36	31
Consolidated Net Income / (Loss)	48	42	49	35	37	41	44	25	36	31
Depreciation Expense	40	41	40	39	39	37	37	36	34	33
Amortization Expense	0.73	0.57	0.28	0.48	0.33	0.10	0.43	1.36	1.39	1.37
Non-Cash Adjustments To Reconcile Net Income	0.82	13	4.72	7.75	-3.95	7.51	2.23	6.07	-28	5.28
Changes in Operating Assets and Liabilities, net	-40	30	-16	7.16	-8.97	23	-24	30	6.04	10
Net Cash From Investing Activities	-60	-58	-52	-39	-92	-47	-178	-23	-37	-2.90
Net Cash From Continuing Investing Activities	-60	-58	-52	-39	-92	-47	-178	-23	-37	-2.90
Purchase of Property, Plant & Equipment	-42	-49	-38	-26	-51	-39	-22	-23	-35	-24
Purchase of Investments	-40	-43	-39	-35	-66	-45	-130	0.00	-2.45	-
Sale of Property, Plant & Equipment	0.83	-	-	-	0.10	-	-	-	-	-
Sale and/or Maturity of Investments	23	33	25	23	43	38	-	0.00	-	-
Net Cash From Financing Activities	-3.45	2.15	-79	-25	-5.03	-5.51	-106	-25	-7.01	-56
Net Cash From Continuing Financing Activities	-3.45	2.15	-79	-25	-5.03	-5.51	-106	-25	-7.01	-56
Repayment of Debt	-5.63	-3.63	-606	-5.19	-5.19	-5.19	-5.19	-5.19	-5.41	-4.95
Payment of Dividends	-1.45	-1.61	-1.51	-0.22	-0.39	-0.48	-2.63	-1.11	-1.68	-0.92
Issuance of Common Equity	4.65	7.41	9.36	0.45	0.59	0.20	1.62	6.75	0.15	0.10
Other Financing Activities, net	0.00	-0.03	-0.04	-0.04	-0.04	-0.05	-0.05	-0.06	-0.06	-0.08
Effect of Exchange Rate Changes	-2.16	0.72	-0.86	-0.32	0.54	-0.50	0.53	0.20	-0.08	-0.51
Cash Interest Paid	37	13	21	20	20	20	20	20	20	20
Cash Income Taxes Paid	0.82	2.08	8.16	1.01	0.86	1.63	3.78	-1.02	0.55	1.72

This table presents Planet Fitness' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	3,070	2,970	2,855	2,016	1,850	1,717	1,353	1,096	1,001	699
Total Current Assets	588	472	556	662	567	540	389	177	91	73
Cash & Equivalents	293	276	410	546	439	436	289	113	40	31
Restricted Cash	57	46	63	58	76	43	31	-	3.07	1.96
Short-Term Investments	114	75	0.00	-	-	-	-	-	-	-
Accounts Receivable	94	53	61	41	33	51	52	47	38	30
Inventories, net	6.15	4.68	5.27	1.16	0.47	0.88	5.12	2.69	1.80	4.56
Prepaid Expenses	21	14	11	13	12	8.03	4.95	3.93	3.59	5.15
Current Deferred & Refundable Income Taxes	2.62	3.31	5.47	3.67	5.46	0.95	6.82	-	4.69	-
Plant, Property, & Equipment, net	424	390	349	174	0.00	145	114	83	61	56
Total Noncurrent Assets	2,058	2,107	1,950	1,180	1,283	1,032	851	835	849	570
Long-Term Investments	66	51	0.00	-	-	-	-	-	-	-
Goodwill	721	718	703	229	228	228	200	177	177	177
Intangible Assets	323	373	417	201	217	234	234	236	254	274
Noncurrent Deferred & Refundable Income Taxes	470	504	455	539	511	412	415	411	410	117
Other Noncurrent Operating Assets	478	462	376	211	327	158	1.83	12	7.73	2.14
Total Liabilities & Shareholders' Equity	3,070	2,970	2,855	2,016	1,850	1,717	1,353	1,096	1,001	699
Total Liabilities	3,285	3,089	3,066	2,659	2,555	2,425	1,736	1,235	1,216	700
Total Current Liabilities	282	251	245	177	112	145	131	111	83	66
Short-Term Debt	23	21	21	18	18	18	12	7.19	7.19	5.10
Accounts Payable	33	24	21	28	19	21	30	29	29	24
Accrued Expenses	68	66	67	52	22	32	32	19	19	14
Customer Deposits	1.85	4.51	8.44	6.04	0.80	3.01	-	-	-	-
Current Deferred Revenue	62	60	54	28	27	28	23	18	20	20
Current Deferred & Payable Income Tax Liabilities	56	41	32	20	0.00	26	25	31	8.07	3.02
Other Current Liabilities	40	35	42	25	25	18	8.34	0.47	0.37	0.21
Total Noncurrent Liabilities	3,003	2,837	2,822	2,482	2,444	2,279	1,605	1,131	1,133	634
Long-Term Debt	2,148	1,963	1,978	1,740	1,751	1,688	1,160	697	702	480
Capital Lease Obligations	405	382	342	-	168	153	-	-	-	-
Noncurrent Deferred Revenue	32	32	33	33	33	34	10	6.13	13	17
Noncurrent Deferred & Payable Income Tax Liabilities	1.39	1.64	1.47	0.00	0.88	1.12	2.30	1.63	1.24	-
Other Noncurrent Operating Liabilities	416	459	467	709	491	403	432	426	416	138
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Total Equity & Noncontrolling Interests	-215	-119	-212	-643	-706	-708	-383	-146	-215	-1.08
Total Preferred & Common Equity	-215	-116	-199	-645	-706	-706	-375	-129	-131	-15
Total Common Equity	-215	-116	-199	-645	-706	-706	-375	-129	-131	-15
Common Stock	609	576	505	63	46	30	20	12	34	0.35
Retained Earnings	-822	-691	-704	-709	-752	-737	-394	-140	-164	-14
Accumulated Other Comprehensive Income / (Loss)	-2.35	0.17	-0.45	0.01	0.03	0.30	0.09	-0.65	-1.17	-1.71
Noncontrolling Interest	0.01	-3.34	-13	2.51	0.20	-1.30	-8.22	-17	-84	14

This table presents Planet Fitness' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,048	2,974	2,993	2,945	2,848	2,906	2,846
Total Current Assets	556	494	521	540	505	589	540
Cash & Equivalents	299	247	302	309	236	460	404
Restricted Cash	68	60	64	46	72	76	64
Short-Term Investments	109	103	93	108	118	-	-
Accounts Receivable	57	57	36	45	56	27	48
Inventories, net	4.86	5.20	4.96	7.54	6.85	5.00	4.22
Prepaid Expenses	14	16	19	18	12	17	14
Other Current Assets	4.77	5.79	-	-	-	-	-
Plant, Property, & Equipment, net	422	0.00	0.00	367	347	344	333
Total Noncurrent Assets	2,070	2,480	2,472	2,038	1,996	1,972	1,973
Long-Term Investments	56	50	45	10	2.50	-	-
Goodwill	719	719	719	718	718	703	700
Intangible Assets	334	347	360	385	398	404	428
Noncurrent Deferred & Refundable Income Taxes	481	491	500	493	483	495	471
Other Noncurrent Operating Assets	480	874	848	432	395	371	374
Total Liabilities & Shareholders' Equity	3,048	2,974	2,993	2,945	2,848	2,906	2,846
Total Liabilities	3,315	3,294	3,092	3,110	3,064	3,064	3,094
Total Current Liabilities	286	272	247	273	274	250	258
Short-Term Debt	23	21	21	21	21	21	21
Accounts Payable	32	30	21	28	29	17	22
Accrued Expenses	67	57	44	56	45	47	54
Customer Deposits	10	5.14	7.59	14	12	13	32
Current Deferred Revenue	68	76	77	64	72	73	56
Current Deferred & Payable Income Tax Liabilities	49	49	41	38	41	32	31
Other Current Liabilities	39	35	35	51	54	47	41
Total Noncurrent Liabilities	3,029	3,022	2,846	2,837	2,790	2,814	2,836
Long-Term Debt	2,152	2,157	1,959	1,967	1,970	1,974	1,982
Capital Lease Obligations	409	401	390	380	347	336	342
Noncurrent Deferred Revenue	34	34	34	33	33	33	33
Noncurrent Deferred & Payable Income Tax Liabilities	1.57	1.60	1.67	1.40	1.40	1.46	0.97
Other Noncurrent Operating Liabilities	433	428	461	456	438	469	478
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-267	-320	-99	-165	-216	-159	-248
Total Preferred & Common Equity	-266	-318	-96	-157	-202	-151	-204
Total Common Equity	-266	-318	-96	-157	-202	-151	-204
Common Stock	603	594	581	570	564	555	534
Retained Earnings	-869	-911	-677	-727	-766	-706	-737
Accumulated Other Comprehensive Income / (Loss)	0.22	-1.10	-0.44	-0.68	-0.33	-0.37	-0.63
Noncontrolling Interest	-0.98	-2.17	-2.82	-7.85	-14	-7.47	-44

This table displays calculated financial ratios and metrics derived from Planet Fitness' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.30%	14.36%	59.58%	44.37%	-75.43%	188.92%	33.25%	13.67%	14.43%	18.14%
EBITDA Growth	13.56%	14.26%	85.96%	61.27%	-42.47%	-0.44%	-56.38%	230.48%	42.59%	12.34%
EBIT Growth	17.11%	12.78%	85.24%	104.59%	-61.30%	-6.07%	-61.70%	296.87%	62.94%	19.16%
NOPAT Growth	19.56%	23.94%	23.72%	205.45%	-77.05%	26.52%	653.66%	-79.15%	57.62%	-2.51%
Net Income Growth	18.50%	33.12%	139.49%	403.35%	-111.23%	31.26%	85.54%	-21.96%	86.85%	2.24%
EPS Growth	23.46%	37.29%	131.37%	368.42%	-113.48%	41.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	4.12%	37.49%	26.90%	507.90%	-84.76%	10.80%	40.74%	20.40%	33.25%	2.84%
Free Cash Flow Firm Growth	271.38%	105.50%	-397.33%	15,513.17%	89.18%	-117.18%	299.67%	-68.16%	-5.09%	122.39%
Invested Capital Growth	1.82%	8.55%	224.21%	-28.57%	6.55%	43.09%	6.38%	-2.19%	0.12%	-7.75%
Revenue Q/Q Growth	4.92%	0.36%	-0.46%	34.88%	-71.58%	146.44%	7.57%	4.27%	2.88%	0.00%
EBITDA Q/Q Growth	3.23%	1.99%	15.57%	0.51%	46.73%	-16.72%	-58.67%	178.82%	4.75%	0.00%
EBIT Q/Q Growth	4.46%	1.42%	15.63%	-0.46%	137.87%	-21.78%	-63.70%	225.20%	5.66%	0.00%
NOPAT Q/Q Growth	8.28%	0.41%	7.80%	27.39%	-34.20%	1.43%	394.53%	-81.00%	8.37%	0.00%
Net Income Q/Q Growth	6.61%	0.29%	37.37%	-6.86%	-262.28%	4.21%	37.16%	-27.53%	7.08%	0.00%
EPS Q/Q Growth	7.53%	0.00%	42.17%	-7.27%	-337.50%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-3.97%	4.28%	4.34%	3.58%	-37.04%	5.72%	1.39%	3.90%	7.92%	-6.03%
Free Cash Flow Firm Q/Q Growth	26.45%	-42.68%	-2.39%	153.93%	77.49%	-112.68%	147.86%	-60.72%	0.00%	0.00%
Invested Capital Q/Q Growth	2.57%	4.05%	1.77%	-1.10%	30.74%	41.63%	3.92%	-5.98%	1.93%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	83.32%	82.26%	81.08%	82.80%	82.55%	88.25%	71.61%	69.93%	67.66%	65.66%
EBITDA Margin	41.13%	39.95%	39.99%	34.32%	30.72%	13.12%	38.07%	116.28%	39.99%	32.10%
Operating Margin	27.44%	25.47%	24.56%	24.43%	14.70%	14.08%	32.13%	34.32%	30.58%	21.81%
EBIT Margin	27.39%	25.80%	26.16%	22.54%	15.90%	10.09%	31.05%	108.03%	30.94%	21.73%
Profit (Net Income) Margin	14.75%	13.72%	11.79%	7.86%	-3.74%	8.18%	18.01%	12.93%	18.84%	11.54%
Tax Burden Percent	70.62%	70.85%	68.42%	88.76%	104.73%	78.19%	78.27%	12.96%	79.24%	80.65%
Interest Burden Percent	76.23%	75.09%	65.88%	39.28%	-22.45%	103.66%	74.10%	92.40%	76.82%	65.82%
Effective Tax Rate	27.74%	28.19%	31.29%	10.89%	0.00%	21.81%	21.73%	87.04%	20.76%	19.35%
Return on Invested Capital (ROIC)	12.91%	11.34%	14.59%	20.84%	6.03%	31.96%	31.65%	4.29%	20.34%	12.39%
ROIC Less NNEP Spread (ROIC-NNEP)	9.88%	8.76%	11.43%	14.50%	1.96%	27.76%	25.97%	10.11%	16.68%	7.31%
Return on Net Nonoperating Assets (RNNOA)	-117.13%	-100.31%	-40.44%	-27.68%	-3.88%	-56.79%	-70.66%	-35.10%	-86.36%	38.22%
Return on Equity (ROE)	-104.22%	-88.96%	-25.86%	-6.84%	2.15%	-24.83%	-39.01%	-30.81%	-66.02%	50.61%
Cash Return on Invested Capital (CROIC)	11.11%	3.14%	-91.12%	54.17%	-0.31%	-3.49%	25.47%	6.50%	20.21%	20.45%
Operating Return on Assets (OROA)	10.72%	9.49%	10.06%	6.84%	3.63%	10.88%	14.52%	44.29%	13.76%	11.04%
Return on Assets (ROA)	5.77%	5.05%	4.54%	2.39%	-0.85%	8.82%	8.42%	5.30%	8.38%	5.86%
Return on Common Equity (ROCE)	-103.18%	-84.69%	-25.55%	-6.85%	2.15%	-24.62%	-37.12%	-22.15%	-44.71%	43.71%
Return on Equity Simple (ROE_SIMPLE)	-80.90%	-127.14%	-55.50%	-7.15%	2.15%	-19.17%	-27.54%	-43.21%	-54.49%	-247.92%
Net Operating Profit after Tax (NOPAT)	234	196	158	128	42	182	144	19	92	58
NOPAT Margin	19.83%	18.29%	16.88%	21.77%	10.29%	11.01%	25.14%	4.45%	24.23%	17.59%
Net Nonoperating Expense Percent (NNEP)	3.03%	2.58%	3.15%	6.34%	4.07%	4.20%	5.68%	-5.82%	3.65%	5.08%
Return On Investment Capital (ROIC_SIMPLE)	9.92%	8.72%	7.42%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	16.68%	17.74%	18.92%	17.20%	17.45%	11.75%	28.39%	30.07%	32.34%	34.34%
SG&A Expenses to Revenue	35.51%	35.33%	35.68%	16.11%	16.87%	9.96%	12.65%	14.04%	13.22%	16.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	55.88%	56.79%	56.52%	58.37%	67.85%	43.32%	39.48%	35.62%	37.08%	43.85%
Earnings before Interest and Taxes (EBIT)	324	276	245	132	65	167	178	464	117	72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	486	428	375	201	125	217	218	500	151	106
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.08	6.01	7.53	13.36	16.52	4.08	9.14	7.92	5.24	4.10
Price to Earnings (P/E)	48.61	46.52	71.00	183.40	0.00	57.33	59.48	102.77	92.16	73.25
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.83%	0.00%
Earnings Yield	2.06%	2.15%	1.41%	0.55%	0.00%	1.74%	1.68%	0.97%	1.09%	1.37%
Enterprise Value to Invested Capital (EV/IC)	5.69	4.64	5.38	17.62	11.38	12.10	12.96	9.02	5.68	4.05
Enterprise Value to Revenue (EV/Rev)	8.81	7.79	9.51	15.33	20.01	4.91	10.61	9.26	6.78	5.51
Enterprise Value to EBITDA (EV/EBITDA)	21.42	19.51	23.79	44.68	65.15	37.43	27.88	7.96	16.94	17.18
Enterprise Value to EBIT (EV/EBIT)	32.16	30.21	36.37	68.04	125.85	48.64	34.18	8.57	21.90	25.37
Enterprise Value to NOPAT (EV/NOPAT)	44.44	42.61	56.38	70.44	194.54	44.58	42.20	208.21	27.97	31.34
Enterprise Value to Operating Cash Flow (EV/OCF)	30.27	25.28	37.11	47.55	261.35	39.77	32.97	30.37	23.55	22.31
Enterprise Value to Free Cash Flow (EV/FCFF)	51.64	153.79	0.00	27.10	0.00	0.00	52.44	137.20	28.14	18.98
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-11.96	-19.88	-11.06	-2.73	-2.74	-2.63	-3.06	-4.82	-3.30	-448.96
Long-Term Debt to Equity	-11.86	-19.70	-10.97	-2.71	-2.72	-2.60	-3.03	-4.77	-3.27	-444.24
Financial Leverage	-11.85	-11.45	-3.54	-1.91	-1.98	-2.05	-2.72	-3.47	-5.18	5.23
Leverage Ratio	-18.06	-17.62	-5.70	-2.87	-2.52	-2.82	-4.63	-5.81	-7.88	8.64
Compound Leverage Factor	-13.77	-13.23	-3.76	-1.13	0.57	-2.92	-3.43	-5.37	-6.05	5.68
Debt to Total Capital	109.12%	105.30%	109.94%	157.66%	157.32%	161.53%	148.49%	126.21%	143.43%	100.22%
Short-Term Debt to Total Capital	0.95%	0.92%	0.97%	1.57%	1.42%	1.52%	1.52%	1.29%	1.45%	1.05%
Long-Term Debt to Total Capital	108.17%	104.37%	108.96%	156.09%	155.90%	160.01%	146.97%	124.92%	141.98%	99.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.15%	-0.59%	0.23%	0.02%	-0.11%	-1.04%	-3.13%	-16.99%	2.96%
Common Equity to Total Capital	-9.12%	-5.15%	-9.35%	-57.88%	-57.33%	-61.42%	-47.45%	-23.08%	-26.45%	-3.18%
Debt to EBITDA	5.30	5.53	6.25	8.73	15.51	8.56	5.37	1.41	4.69	4.57
Net Debt to EBITDA	4.21	4.48	4.99	5.73	11.38	6.35	3.91	1.18	4.40	4.26
Long-Term Debt to EBITDA	5.25	5.48	6.19	8.64	15.37	8.48	5.32	1.39	4.64	4.52
Debt to NOPAT	11.00	12.07	14.81	13.76	46.30	10.19	8.14	36.82	7.74	8.34
Net Debt to NOPAT	8.74	9.79	11.82	9.03	33.97	7.57	5.91	30.90	7.26	7.76
Long-Term Debt to NOPAT	10.90	11.97	14.68	13.62	45.88	10.10	8.05	36.44	7.66	8.25
Altman Z-Score	2.00	1.68	1.78	2.08	1.64	2.63	2.49	3.34	1.52	1.96
Noncontrolling Interest Sharing Ratio	1.00%	4.81%	1.18%	-0.20%	0.08%	0.87%	4.85%	28.11%	32.28%	13.63%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.08	1.88	2.27	3.75	5.07	3.71	2.96	1.59	1.10	1.10
Quick Ratio	1.77	1.61	1.93	3.32	4.22	3.35	2.59	1.44	0.94	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	202	54	-988	332	-2.16	-20	116	29	91	96
Operating Cash Flow to CapEx	223.78%	243.04%	240.21%	350.35%	59.56%	353.60%	453.47%	353.71%	740.55%	426.19%
Free Cash Flow to Firm to Interest Expense	2.02	0.63	-11.14	4.09	-0.03	-0.33	2.28	0.82	3.36	0.00
Operating Cash Flow to Interest Expense	3.44	3.81	2.71	2.33	0.38	3.36	3.63	3.71	4.01	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.90	2.25	1.58	1.67	-0.26	2.41	2.83	2.66	3.47	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.37	0.38	0.30	0.23	1.08	0.47	0.41	0.44	0.51
Accounts Receivable Turnover	16.09	18.77	18.37	15.87	9.60	32.14	11.65	10.18	11.20	13.15
Inventory Turnover	36.43	38.22	55.19	124.07	105.12	64.83	41.63	57.53	38.47	29.99
Fixed Asset Turnover	2.90	2.90	3.59	0.00	0.00	12.74	5.80	5.95	6.44	6.25
Accounts Payable Turnover	6.96	8.57	7.31	4.27	3.49	7.52	5.51	4.52	4.66	4.48
Days Sales Outstanding (DSO)	22.69	19.45	19.87	23.00	38.01	11.36	31.33	35.87	32.58	27.75
Days Inventory Outstanding (DIO)	10.02	9.55	6.61	2.94	3.47	5.63	8.77	6.34	9.49	12.17
Days Payable Outstanding (DPO)	52.47	42.61	49.92	85.44	104.57	48.52	66.29	80.69	78.27	81.51
Cash Conversion Cycle (CCC)	-19.77	-13.61	-23.44	-59.50	-63.08	-31.53	-26.19	-38.48	-36.20	-41.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,831	1,798	1,657	511	715	671	469	441	451	450
Invested Capital Turnover	0.65	0.62	0.86	0.96	0.59	2.90	1.26	0.96	0.84	0.70
Increase / (Decrease) in Invested Capital	33	142	1,146	-204	44	202	28	-9.89	0.56	-38
Enterprise Value (EV)	10,410	8,349	8,913	9,001	8,138	8,126	6,079	3,980	2,563	1,822
Market Capitalization	8,364	6,435	7,057	7,845	6,717	6,748	5,235	3,406	1,981	1,356
Book Value per Share	($2.55)	($1.31)	($2.22)	($7.45)	($8.16)	($7.82)	($3.84)	($1.31)	($1.33)	($0.16)
Tangible Book Value per Share	($14.89)	($13.68)	($14.72)	($12.41)	($13.30)	($12.93)	($8.28)	($5.50)	($5.70)	($4.72)
Total Capital	2,360	2,246	2,129	1,115	1,231	1,150	789	558	494	484
Total Debt	2,576	2,365	2,341	1,758	1,937	1,858	1,172	704	709	485
Total Long-Term Debt	2,553	2,344	2,320	1,740	1,919	1,840	1,160	697	702	480
Net Debt	2,046	1,917	1,868	1,154	1,421	1,379	852	591	666	451
Capital Expenditures (CapEx)	154	136	100	54	52	58	41	37	15	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-136	-156	-141	-101	-43	-67	-51	-40	-28	-22
Debt-free Net Working Capital (DFNWC)	328	241	332	503	472	412	269	73	15	12
Net Working Capital (NWC)	306	220	311	486	455	395	257	66	7.95	6.69
Net Nonoperating Expense (NNE)	60	49	48	82	57	47	41	-36	20	20
Net Nonoperating Obligations (NNO)	2,046	1,917	1,868	1,154	1,421	1,379	852	587	666	451
Total Depreciation and Amortization (D&A)	162	152	130	69	60	50	40	35	34	34
Debt-free, Cash-free Net Working Capital to Revenue	-11.49%	-14.54%	-15.02%	-17.14%	-10.67%	-4.03%	-8.90%	-9.34%	-7.49%	-6.53%
Debt-free Net Working Capital to Revenue	27.76%	22.52%	35.41%	85.74%	116.18%	24.90%	46.98%	16.96%	4.00%	3.57%
Net Working Capital to Revenue	25.86%	20.58%	33.20%	82.76%	111.88%	23.84%	44.88%	15.29%	2.10%	2.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.01	$1.63	$1.18	$0.51	($0.19)	$1.42	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	85.62M	84.90M	84.14M	83.30M	80.30M	82.98M	93.04M	98.38M	98.50M	98.71M
Adjusted Diluted Earnings per Share	$2.00	$1.62	$1.18	$0.51	($0.19)	$1.41	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	85.83M	85.18M	84.54M	83.89M	80.30M	83.62M	93.04M	98.38M	98.50M	98.71M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	84.67M	88.17M	89.44M	91.03M	86.55M	87.10M	93.04M	98.38M	98.50M	98.71M
Normalized Net Operating Profit after Tax (NOPAT)	234	196	158	128	42	182	144	103	92	58
Normalized NOPAT Margin	19.83%	18.29%	16.88%	21.77%	10.29%	11.01%	25.14%	24.02%	24.23%	17.59%
Pre Tax Income Margin	20.88%	19.37%	17.23%	8.85%	-3.57%	10.46%	23.01%	99.82%	23.77%	14.30%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.24	3.19	2.77	1.63	0.79	2.75	3.51	13.14	4.31	0.00
NOPAT to Interest Expense	2.34	2.26	1.78	1.57	0.51	3.00	2.84	0.54	3.38	0.00
EBIT Less CapEx to Interest Expense	1.70	1.62	1.64	0.96	0.15	1.80	2.70	12.10	3.77	0.00
NOPAT Less CapEx to Interest Expense	0.81	0.69	0.66	0.91	-0.13	2.05	2.04	-0.51	2.84	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.75%	3.13%	4.19%	1.63%	-13.52%	5.67%	8.97%	23.98%	425.07%	462.85%
Augmented Payout Ratio	175.04%	88.17%	89.58%	1.63%	-13.52%	344.02%	340.86%	23.98%	427.29%	462.85%

This table displays calculated financial ratios and metrics derived from Planet Fitness' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	19.42%	5.29%	5.05%	11.61%	1.36%	13.57%	27.63%	19.04%	-1.51%	58.43%
EBITDA Growth	13.35%	11.10%	12.18%	18.61%	7.94%	9.38%	29.02%	12.33%	91.94%	59.57%
EBIT Growth	18.63%	11.30%	14.28%	27.17%	5.48%	8.70%	40.07%	-0.91%	88.91%	47.48%
NOPAT Growth	37.61%	7.55%	11.97%	24.95%	2.38%	33.26%	38.04%	26.35%	125.17%	24.03%
Net Income Growth	29.38%	2.59%	11.62%	41.20%	1.18%	34.71%	76.22%	34.79%	478.17%	64.65%
EPS Growth	34.15%	8.70%	16.67%	44.44%	0.00%	43.75%	84.62%	42.11%	583.33%	52.38%
Operating Cash Flow Growth	-22.43%	15.70%	31.63%	-8.35%	27.23%	36.71%	13.72%	68.78%	25.08%	6.57%
Free Cash Flow Firm Growth	134.01%	104.01%	-225.78%	-231.36%	91.40%	95.72%	103.10%	105.95%	-589.16%	-1,783.83%
Invested Capital Growth	1.82%	3.29%	6.22%	7.97%	8.55%	6.17%	1.41%	-1.55%	224.21%	215.06%
Revenue Q/Q Growth	16.49%	-2.89%	21.34%	-13.00%	2.72%	-3.11%	28.91%	-20.99%	15.09%	8.89%
EBITDA Q/Q Growth	5.41%	-4.84%	20.87%	-6.51%	3.31%	-3.92%	27.81%	-14.92%	4.69%	13.34%
EBIT Q/Q Growth	9.14%	-8.74%	33.03%	-10.46%	2.40%	-6.30%	48.03%	-25.73%	5.52%	20.74%
NOPAT Q/Q Growth	10.30%	-7.49%	34.72%	0.10%	-13.79%	-3.68%	50.34%	-17.98%	12.21%	-0.23%
Net Income Q/Q Growth	12.19%	-14.03%	41.00%	-4.87%	-11.04%	-6.46%	78.37%	-31.83%	18.43%	22.36%
EPS Q/Q Growth	10.00%	-10.71%	43.59%	-4.88%	-10.87%	-4.17%	77.78%	-34.15%	28.13%	23.08%
Operating Cash Flow Q/Q Growth	-61.25%	62.11%	-12.83%	41.68%	-42.21%	84.43%	-39.31%	96.68%	-37.90%	53.41%
Free Cash Flow Firm Q/Q Growth	1,649.07%	104.40%	49.80%	11.87%	-106.45%	-237.72%	-47.58%	105.77%	-2.76%	0.19%
Invested Capital Q/Q Growth	2.57%	-0.75%	1.82%	-1.76%	4.05%	2.06%	3.50%	-1.24%	1.77%	-2.52%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.36%	84.36%	82.74%	92.34%	79.84%	80.63%	79.24%	91.29%	73.77%	80.14%
EBITDA Margin	37.86%	41.85%	42.71%	42.87%	39.89%	39.66%	39.99%	40.34%	37.46%	41.18%
Operating Margin	26.36%	27.80%	29.04%	26.54%	25.03%	26.07%	26.88%	23.47%	22.89%	25.34%
EBIT Margin	25.87%	27.61%	29.38%	26.80%	26.04%	26.12%	27.01%	23.52%	25.02%	27.29%
Profit (Net Income) Margin	13.97%	14.51%	16.39%	14.10%	12.90%	14.89%	15.42%	11.15%	12.92%	12.55%
Tax Burden Percent	70.96%	71.01%	70.95%	69.26%	63.57%	75.08%	73.55%	71.58%	71.19%	66.20%
Interest Burden Percent	76.11%	73.98%	78.61%	75.97%	77.90%	75.92%	77.63%	66.20%	72.52%	69.48%
Effective Tax Rate	27.78%	27.68%	27.30%	28.37%	33.99%	24.48%	26.33%	27.65%	28.55%	33.80%
Return on Invested Capital (ROIC)	12.40%	12.89%	13.44%	12.26%	10.25%	12.52%	12.18%	10.01%	14.14%	14.73%
ROIC Less NNEP Spread (ROIC-NNEP)	11.53%	12.06%	12.73%	11.59%	9.70%	11.82%	11.52%	9.31%	13.50%	14.05%
Return on Net Nonoperating Assets (RNNOA)	-136.64%	-110.15%	-95.72%	-164.62%	-111.09%	-107.84%	-98.61%	-92.36%	-47.74%	-47.28%
Return on Equity (ROE)	-124.24%	-97.26%	-82.28%	-152.36%	-100.84%	-95.31%	-86.43%	-82.35%	-33.60%	-32.56%
Cash Return on Invested Capital (CROIC)	11.11%	9.08%	6.12%	4.40%	3.14%	5.64%	9.40%	11.59%	-91.12%	-89.95%
Operating Return on Assets (OROA)	10.12%	10.38%	11.22%	9.97%	9.58%	9.63%	9.75%	7.76%	9.63%	10.71%
Return on Assets (ROA)	5.47%	5.45%	6.26%	5.25%	4.74%	5.49%	5.57%	3.68%	4.97%	4.93%
Return on Common Equity (ROCE)	-123.00%	-95.27%	-79.80%	-146.28%	-95.99%	-83.24%	-75.23%	-81.07%	-33.21%	-31.04%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-61.41%	-51.11%	-163.09%	0.00%	-93.33%	-67.32%	-77.33%	0.00%	-39.48%
Net Operating Profit after Tax (NOPAT)	65	59	64	47	47	55	57	38	46	41
NOPAT Margin	19.04%	20.11%	21.11%	19.01%	16.52%	19.69%	19.80%	16.98%	16.36%	16.78%
Net Nonoperating Expense Percent (NNEP)	0.87%	0.83%	0.71%	0.67%	0.55%	0.71%	0.66%	0.71%	0.64%	0.68%
Return On Investment Capital (ROIC_SIMPLE)	2.75%	-	-	-	2.10%	-	-	-	2.16%	-
Cost of Revenue to Revenue	23.64%	15.64%	17.26%	7.66%	20.16%	19.37%	20.76%	8.71%	26.23%	19.86%
SG&A Expenses to Revenue	74.78%	35.68%	10.50%	11.77%	77.77%	34.74%	11.40%	12.50%	88.21%	11.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	50.00%	56.56%	53.71%	65.80%	54.81%	54.57%	52.36%	67.82%	50.88%	54.80%
Earnings before Interest and Taxes (EBIT)	88	81	88	66	74	72	77	52	70	67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	129	122	129	106	114	110	115	90	105	101
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	7.08	6.14	5.84	5.03	6.01	4.06	5.82	7.14	7.53	5.54
Price to Earnings (P/E)	48.61	43.15	41.22	36.83	46.52	31.72	48.34	65.76	71.00	72.94
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.06%	2.32%	2.43%	2.71%	2.15%	3.15%	2.07%	1.52%	1.41%	1.37%
Enterprise Value to Invested Capital (EV/IC)	5.69	5.02	4.78	4.18	4.64	3.60	4.67	5.34	5.38	4.33
Enterprise Value to Revenue (EV/Rev)	8.81	7.96	7.74	6.73	7.79	5.83	7.65	8.98	9.51	7.48
Enterprise Value to EBITDA (EV/EBITDA)	21.42	19.05	18.76	16.61	19.51	14.82	19.28	22.72	23.79	21.73
Enterprise Value to EBIT (EV/EBIT)	32.16	28.95	28.53	25.42	30.21	22.82	29.66	35.71	36.37	33.23
Enterprise Value to NOPAT (EV/NOPAT)	44.44	41.45	40.55	35.96	42.61	31.88	43.58	52.81	56.38	48.03
Enterprise Value to Operating Cash Flow (EV/OCF)	30.27	25.05	25.25	22.93	25.28	19.64	27.54	31.18	37.11	30.59
Enterprise Value to Free Cash Flow (EV/FCFF)	51.64	56.25	80.53	98.57	153.79	65.68	50.06	45.71	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-11.96	-9.67	-8.06	-23.89	-19.88	-14.35	-10.83	-14.70	-11.06	-9.45
Long-Term Debt to Equity	-11.86	-9.59	-8.00	-23.68	-19.70	-14.23	-10.73	-14.57	-10.97	-9.37
Financial Leverage	-11.85	-9.13	-7.52	-14.20	-11.45	-9.13	-8.56	-9.92	-3.54	-3.37
Leverage Ratio	-18.06	-13.87	-10.87	-22.88	-17.62	-14.02	-12.88	-15.96	-5.70	-5.29
Compound Leverage Factor	-13.75	-10.26	-8.54	-17.38	-13.73	-10.64	-10.00	-10.57	-4.13	-3.68
Debt to Total Capital	109.12%	111.53%	114.16%	104.37%	105.30%	107.49%	110.18%	107.30%	109.94%	111.83%
Short-Term Debt to Total Capital	0.95%	0.97%	0.91%	0.91%	0.92%	0.94%	0.98%	0.96%	0.97%	0.99%
Long-Term Debt to Total Capital	108.17%	110.56%	113.25%	103.46%	104.37%	106.55%	109.20%	106.34%	108.96%	110.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.04%	-0.10%	-0.12%	-0.15%	-0.36%	-0.66%	-0.34%	-0.59%	-2.12%
Common Equity to Total Capital	-9.12%	-11.49%	-14.06%	-4.25%	-5.15%	-7.13%	-9.52%	-6.96%	-9.35%	-9.71%
Debt to EBITDA	5.30	5.49	5.62	5.33	5.53	5.64	5.70	6.06	6.25	7.23
Net Debt to EBITDA	4.21	4.36	4.62	4.20	4.48	4.51	4.65	4.67	4.99	5.79
Long-Term Debt to EBITDA	5.25	5.44	5.58	5.28	5.48	5.59	5.65	6.01	6.19	7.17
Debt to NOPAT	11.00	11.94	12.15	11.54	12.07	12.13	12.88	14.09	14.81	15.99
Net Debt to NOPAT	8.74	9.49	9.98	9.08	9.79	9.70	10.52	10.85	11.82	12.79
Long-Term Debt to NOPAT	10.90	11.84	12.05	11.44	11.97	12.03	12.77	13.97	14.68	15.85
Altman Z-Score	1.75	1.42	1.31	1.30	1.46	1.04	1.35	1.55	1.58	1.17
Noncontrolling Interest Sharing Ratio	1.00%	2.04%	3.02%	3.99%	4.81%	12.66%	12.95%	1.55%	1.18%	4.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.08	1.94	1.81	2.11	1.88	1.98	1.84	2.35	2.27	2.09
Quick Ratio	1.77	1.62	1.50	1.75	1.61	1.70	1.49	1.95	1.93	1.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	32	1.84	-42	-83	-95	-46	33	63	-1,100	-1,070
Operating Cash Flow to CapEx	119.06%	260.77%	205.65%	341.04%	123.57%	277.49%	268.31%	425.75%	142.56%	338.03%
Free Cash Flow to Firm to Interest Expense	1.17	0.07	-1.70	-3.89	-4.34	-2.11	1.55	2.94	-49.76	-48.83
Operating Cash Flow to Interest Expense	1.79	4.77	3.19	4.19	2.90	5.05	2.77	4.53	2.25	3.66
Operating Cash Flow Less CapEx to Interest Expense	0.29	2.94	1.64	2.96	0.55	3.23	1.74	3.47	0.67	2.58
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.38	0.38	0.37	0.37	0.37	0.36	0.33	0.38	0.39
Accounts Receivable Turnover	16.09	22.11	19.67	34.46	18.77	22.83	20.51	32.50	18.37	27.25
Inventory Turnover	36.43	28.09	30.22	38.10	38.22	35.09	40.65	51.68	55.19	36.25
Fixed Asset Turnover	2.90	2.86	0.00	0.00	2.90	3.05	3.04	2.87	3.59	0.00
Accounts Payable Turnover	6.96	5.78	6.15	10.11	8.57	8.16	7.77	8.47	7.31	6.87
Days Sales Outstanding (DSO)	22.69	16.51	18.55	10.59	19.45	15.99	17.80	11.23	19.87	13.40
Days Inventory Outstanding (DIO)	10.02	12.99	12.08	9.58	9.55	10.40	8.98	7.06	6.61	10.07
Days Payable Outstanding (DPO)	52.47	63.12	59.31	36.10	42.61	44.74	46.98	43.07	49.92	53.14
Cash Conversion Cycle (CCC)	-19.77	-33.62	-28.67	-15.93	-13.61	-18.35	-20.21	-24.78	-23.44	-29.67
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,831	1,785	1,799	1,767	1,798	1,728	1,693	1,636	1,657	1,628
Invested Capital Turnover	0.65	0.64	0.64	0.64	0.62	0.64	0.62	0.59	0.86	0.88
Increase / (Decrease) in Invested Capital	33	57	105	130	142	100	23	-26	1,146	1,111
Enterprise Value (EV)	10,410	8,969	8,605	7,385	8,349	6,220	7,910	8,734	8,913	7,043
Market Capitalization	8,364	6,917	6,489	5,522	6,435	4,335	6,015	6,947	7,057	5,212
Book Value per Share	($2.55)	($3.12)	($3.60)	($1.09)	($1.31)	($1.78)	($2.26)	($1.79)	($2.22)	($2.25)
Tangible Book Value per Share	($14.89)	($15.49)	($15.69)	($13.33)	($13.68)	($14.30)	($14.78)	($14.90)	($14.72)	($14.73)
Total Capital	2,360	2,316	2,259	2,271	2,246	2,202	2,122	2,172	2,129	2,097
Total Debt	2,576	2,583	2,578	2,370	2,365	2,367	2,338	2,331	2,341	2,345
Total Long-Term Debt	2,553	2,561	2,558	2,349	2,344	2,346	2,317	2,310	2,320	2,324
Net Debt	2,046	2,052	2,119	1,866	1,917	1,893	1,909	1,795	1,868	1,876
Capital Expenditures (CapEx)	41	49	38	26	51	39	22	23	35	24
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-136	-183	-168	-164	-156	-176	-175	-177	-141	-166
Debt-free Net Working Capital (DFNWC)	328	293	242	295	241	288	252	359	332	303
Net Working Capital (NWC)	306	270	222	274	220	267	231	339	311	282
Net Nonoperating Expense (NNE)	17	16	14	12	10	13	13	13	9.68	10
Net Nonoperating Obligations (NNO)	2,046	2,052	2,119	1,866	1,917	1,893	1,909	1,795	1,868	1,876
Total Depreciation and Amortization (D&A)	41	42	40	40	39	38	37	37	35	34
Debt-free, Cash-free Net Working Capital to Revenue	-11.49%	-16.24%	-15.11%	-14.96%	-14.54%	-16.47%	-16.89%	-18.21%	-15.02%	-17.63%
Debt-free Net Working Capital to Revenue	27.76%	25.98%	21.79%	26.89%	22.52%	26.98%	24.33%	36.95%	35.41%	32.21%
Net Working Capital to Revenue	25.86%	23.99%	19.95%	25.00%	20.58%	25.04%	22.33%	34.82%	33.20%	30.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.56	$0.50	$0.56	$0.39	$0.41	$0.46	$0.49	$0.27	$0.40	$0.32
Adjusted Weighted Average Basic Shares Outstanding	85.62M	84.57M	86.81M	86.91M	84.90M	84.61M	84.62M	84.44M	84.14M	84.16M
Adjusted Diluted Earnings per Share	$0.55	$0.50	$0.56	$0.39	$0.41	$0.46	$0.48	$0.27	$0.41	$0.32
Adjusted Weighted Average Diluted Shares Outstanding	85.83M	84.73M	86.96M	87.22M	85.18M	84.89M	84.91M	84.79M	84.54M	84.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	84.67M	84.59M	85.17M	88.18M	88.17M	88.15M	88.14M	89.19M	89.44M	89.56M
Normalized Net Operating Profit after Tax (NOPAT)	65	59	64	47	47	55	57	38	46	41
Normalized NOPAT Margin	19.04%	20.11%	21.11%	19.01%	16.52%	19.69%	19.80%	16.98%	16.36%	16.78%
Pre Tax Income Margin	19.69%	20.43%	23.10%	20.36%	20.29%	19.83%	20.97%	15.57%	18.15%	18.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.21	3.03	3.60	3.10	3.40	3.34	3.60	2.42	3.18	3.04
NOPAT to Interest Expense	2.36	2.21	2.59	2.20	2.16	2.52	2.64	1.75	2.08	1.87
EBIT Less CapEx to Interest Expense	1.70	1.21	2.05	1.87	1.05	1.52	2.57	1.36	1.60	1.96
NOPAT Less CapEx to Interest Expense	0.86	0.38	1.04	0.97	-0.19	0.70	1.61	0.68	0.50	0.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	2.75%	2.28%	1.60%	2.36%	3.13%	4.02%	4.66%	4.21%	4.19%	3.76%
Augmented Payout Ratio	175.04%	185.96%	186.49%	78.70%	88.17%	89.31%	133.41%	106.32%	89.58%	121.06%

Frequently Asked Questions About Planet Fitness' Financials

When does Planet Fitness's fiscal year end?

According to the most recent income statement we have on file, Planet Fitness' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Planet Fitness' net income changed over the last 9 years?

Planet Fitness' net income appears to be on an upward trend, with a most recent value of $174.24 million in 2024, rising from $38.13 million in 2015. The previous period was $147.04 million in 2023. Check out Planet Fitness' forecast to explore projected trends and price targets.

What is Planet Fitness's operating income?

Planet Fitness's total operating income in 2024 was $324.20 million, based on the following breakdown:

Total Gross Profit: $984.53 million
Total Operating Expenses: $660.33 million

How has Planet Fitness revenue changed over the last 9 years?

Over the last 9 years, Planet Fitness' total revenue changed from $330.54 million in 2015 to $1.18 billion in 2024, a change of 257.5%.

How much debt does Planet Fitness have?

Planet Fitness' total liabilities were at $3.29 billion at the end of 2024, a 6.4% increase from 2023, and a 369.1% increase since 2015.

How much cash does Planet Fitness have?

In the past 9 years, Planet Fitness' cash and equivalents has ranged from $31.43 million in 2015 to $545.91 million in 2021, and is currently $293.15 million as of their latest financial filing in 2024.

How has Planet Fitness' book value per share changed over the last 9 years?

Over the last 9 years, Planet Fitness' book value per share changed from -0.16 in 2015 to -2.55 in 2024, a change of 1,533.1%.

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This page (NYSE:PLNT) was last updated on 5/20/2025 by MarketBeat.com Staff

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Planet Fitness (PLNT) Financials

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Planet Fitness (PLNT) Financials

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