Planet Fitness (PLNT) Financials

$52.11 +0.06 (+0.11%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$51.87 -0.24 (-0.46%)

As of 05/22/2026 07:55 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	19	22	33	88	118	-15	43	99	138	172	219
Consolidated Net Income / (Loss)	38	71	56	103	135	-15	46	110	147	174	220
Net Income / (Loss) Continuing Operations	38	71	56	103	586	-15	46	110	147	174	220
Total Pre-Tax Income	47	90	429	132	173	-15	52	161	208	247	309
Total Operating Income	72	116	148	184	233	60	143	230	273	324	395
Total Gross Profit	217	256	301	410	1,461	336	486	760	881	985	1,094
Total Revenue	331	378	430	573	1,655	407	587	937	1,071	1,182	1,324
Operating Revenue	331	378	430	573	1,655	407	587	937	1,071	1,182	1,324
Total Cost of Revenue	113	122	129	163	194	71	101	177	190	197	230
Operating Cost of Revenue	113	122	129	163	194	71	101	177	190	197	230
Total Operating Expenses	145	140	153	226	717	276	343	529	608	660	699
Selling, General & Admin Expense	56	50	60	72	165	69	95	334	379	420	456
Marketing Expense	-	0.00	0.00	43	-	61	59	66	70	79	88
Depreciation Expense	32	32	32	35	44	54	63	124	149	160	156
Other Operating Expenses / (Income)	57	59	61	76	508	92	126	5.08	10	1.33	-0.39
Total Other Income / (Expense), net	-25	-26	282	-52	-120	-74	-91	-69	-65	-77	-86
Interest Expense	-	27	35	51	61	82	81	89	87	100	108
Interest & Investment Income	-25	0.02	0.05	4.68	7.05	2.94	0.88	5.01	18	23	23
Other Income / (Expense), net	-0.28	1.37	317	-6.18	-66	4.90	-11	15	3.51	-0.55	-0.45
Income Tax Expense	9.15	19	374	29	38	0.69	5.66	51	59	68	86
Other Gains / (Losses), net	-	-	-	-	0.00	0.00	-0.18	-0.47	-1.99	-4.04	-2.84
Net Income / (Loss) Attributable to Noncontrolling Interest	20	50	22	15	18	-0.21	3.35	11	8.72	2.20	1.16
Basic Earnings per Share	-	-	-	$1.01	$1.42	($0.19)	$0.51	$1.18	$1.63	$2.01	$2.62
Weighted Average Basic Shares Outstanding	168.30M	43.30M	78.91M	87.24M	82.98M	80.30M	83.30M	84.14M	84.90M	85.62M	83.52M
Diluted Earnings per Share	-	-	-	$1.00	$1.41	($0.19)	$0.51	$1.18	$1.62	$2.00	$2.62
Weighted Average Diluted Shares Outstanding	168.30M	43.30M	78.91M	87.67M	83.62M	80.30M	83.89M	84.54M	85.18M	85.83M	83.73M
Weighted Average Basic & Diluted Shares Outstanding	168.30M	43.30M	78.91M	87.24M	87.10M	86.55M	91.03M	89.44M	88.17M	84.67M	80.01M

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	39	35	34	49	42	47	42	58	59	60	52
Consolidated Net Income / (Loss)	41	37	35	49	42	48	42	58	59	61	52
Net Income / (Loss) Continuing Operations	41	37	35	49	42	48	42	58	59	61	52
Total Pre-Tax Income	55	58	50	70	60	67	59	84	88	78	72
Total Operating Income	72	71	66	87	81	90	79	102	107	106	99
Total Gross Profit	224	228	229	249	247	260	254	281	272	286	292
Total Revenue	278	285	248	301	292	340	277	341	330	376	337
Operating Revenue	278	285	248	301	292	340	277	341	330	376	337
Total Cost of Revenue	54	57	19	52	46	80	22	59	58	90	45
Operating Cost of Revenue	54	57	19	52	46	80	22	59	58	90	45
Total Operating Expenses	151	156	163	162	165	170	175	179	165	180	193
Selling, General & Admin Expense	96	222	104	102	104	255	116	113	110	117	122
Marketing Expense	18	18	20	20	20	19	22	23	21	21	32
Depreciation Expense	37	39	39	40	41	40	38	38	39	40	40
Other Operating Expenses / (Income)	-0.06	-122	0.48	-0.07	0.28	-144	-1.24	4.90	-5.73	1.68	-1.59
Total Other Income / (Expense), net	-17	-14	-15	-18	-22	-23	-20	-19	-19	-28	-27
Interest Expense	22	22	21	25	27	27	26	26	26	30	33
Interest & Investment Income	4.25	5.40	5.46	5.62	5.61	6.43	5.81	5.69	5.94	5.56	5.66
Other Income / (Expense), net	0.15	2.88	0.65	1.04	-0.56	-1.68	0.28	1.94	1.07	-3.75	0.62
Income Tax Expense	13	20	14	19	17	19	16	25	28	17	19
Other Gains / (Losses), net	-0.24	-1.41	-1.20	-1.22	-0.78	-0.84	-0.81	-0.63	-0.57	-0.84	-0.87
Net Income / (Loss) Attributable to Noncontrolling Interest	2.19	1.42	0.66	0.67	0.39	0.48	0.21	0.28	0.35	0.32	0.24
Basic Earnings per Share	$0.46	$0.41	$0.39	$0.56	$0.50	$0.56	$0.50	$0.69	$0.70	$0.73	$0.65
Weighted Average Basic Shares Outstanding	84.61M	84.90M	86.91M	86.81M	84.57M	85.62M	84.17M	83.86M	83.52M	83.52M	79.58M
Diluted Earnings per Share	$0.46	$0.41	$0.39	$0.56	$0.50	$0.55	$0.50	$0.69	$0.70	$0.73	$0.65
Weighted Average Diluted Shares Outstanding	84.89M	85.18M	87.22M	86.96M	84.73M	85.83M	84.40M	84.07M	83.72M	83.73M	79.79M
Weighted Average Basic & Diluted Shares Outstanding	88.15M	88.17M	88.18M	85.17M	84.59M	84.67M	84.19M	84.23M	83.30M	80.01M	79.44M

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-12	8.94	72	208	159	37	88	-131	-150	28	62
Net Cash From Operating Activities	82	109	131	184	204	31	189	240	330	344	418
Net Cash From Continuing Operating Activities	82	109	131	184	204	31	189	240	330	344	418
Net Income / (Loss) Continuing Operations	38	71	56	103	135	-15	46	110	147	174	220
Consolidated Net Income / (Loss)	38	71	56	103	135	-15	46	110	147	174	220
Depreciation Expense	32	32	32	35	44	54	63	124	149	160	156
Amortization Expense	2.10	2.73	3.69	4.95	5.69	6.41	6.35	5.51	2.22	2.06	4.03
Non-Cash Adjustments To Reconcile Net Income	2.72	4.95	-314	40	7.16	-1.98	44	-2.36	12	26	35
Changes in Operating Assets and Liabilities, net	6.55	-1.62	354	0.87	12	-12	30	2.57	20	-19	3.63
Net Cash From Investing Activities	-19	-15	-37	-86	-111	-52	-91	-507	-340	-209	-160
Net Cash From Continuing Investing Activities	-19	-15	-37	-86	-111	-52	-91	-507	-340	-209	-160
Purchase of Property, Plant & Equipment	-19	-15	-38	-41	-58	-53	-54	-100	-136	-155	-164
Purchase of Investments	-	-	-	-	0.00	0.00	-35	-2.45	-203	-155	-156
Divestitures	-	-	-	-	-	0.00	0.00	21	0.00	0.00	22
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	80	104	142
Other Investing Activities, net	-	-	-	-	-	-	-	0.00	-81	-1.90	-3.56
Net Cash From Financing Activities	-74	-85	-22	110	64	58	-10	136	-141	-105	-198
Net Cash From Continuing Financing Activities	-74	-85	-22	110	64	58	-10	136	-141	-105	-198
Repayment of Debt	-17	-11	-8.49	-740	-23	-18	-18	-741	-21	-621	-445
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-1.03	-2.55
Repurchase of Common Equity	-	-1.58	0.00	-342	-458	0.00	0.00	-94	-125	-300	-500
Payment of Dividends	-176	-303	-13	-9.26	-7.68	-2.06	-0.75	-4.63	-4.61	-4.79	-1.51
Issuance of Debt	120	230	0.00	1,200	550	75	0.00	975	0.00	800	750
Issuance of Common Equity	157	0.14	0.48	1.21	2.86	2.57	8.19	0.93	9.16	22	1.85
Other Financing Activities, net	-158	0.00	-0.37	0.00	-0.09	-0.17	-0.18	-0.27	-0.19	-0.10	-0.15
Effect of Exchange Rate Changes	-0.12	-	-	-	0.69	0.30	0.01	-0.81	0.78	-2.61	2.12
Cash Interest Paid	23	24	31	39	54	76	75	81	81	91	100

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	57	-33	26	-53	72	-17	51	-8.32	-6.77	27	45
Net Cash From Operating Activities	110	63	90	78	127	49	134	44	131	109	148
Net Cash From Continuing Operating Activities	110	63	90	78	127	49	134	44	131	109	148
Net Income / (Loss) Continuing Operations	41	37	35	49	42	48	42	58	59	61	52
Consolidated Net Income / (Loss)	41	37	35	49	42	48	42	58	59	61	52
Depreciation Expense	37	39	39	40	41	40	38	38	39	40	40
Amortization Expense	0.10	0.33	0.48	0.28	0.57	0.73	0.83	0.98	1.06	1.16	1.41
Non-Cash Adjustments To Reconcile Net Income	7.51	-3.95	7.75	4.72	13	0.82	7.00	15	1.21	11	2.90
Changes in Operating Assets and Liabilities, net	23	-8.97	7.16	-16	30	-40	46	-69	31	-4.18	51
Net Cash From Investing Activities	-47	-92	-39	-52	-58	-60	-28	-43	-35	-54	-47
Net Cash From Continuing Investing Activities	-47	-92	-39	-52	-58	-60	-28	-43	-35	-54	-47
Purchase of Property, Plant & Equipment	-39	-51	-26	-38	-49	-42	-23	-36	-55	-50	-26
Purchase of Investments	-45	-66	-35	-39	-43	-40	-42	-40	-36	-38	-36
Sale and/or Maturity of Investments	38	43	23	25	33	23	37	35	34	35	35
Other Investing Activities, net	-	-	0.00	-	-	-	0.54	-2.70	0.16	-1.56	-21
Net Cash From Financing Activities	-5.51	-5.03	-25	-79	2.15	-3.45	-55	-11	-103	-29	-56
Net Cash From Continuing Financing Activities	-5.51	-5.03	-25	-79	2.15	-3.45	-55	-11	-103	-29	-56
Repayment of Debt	-5.19	-5.19	-5.19	-606	-3.63	-5.63	-5.63	-5.63	-5.63	-428	-4.70
Repurchase of Common Equity	-	-	-20	-280	-	-	-50	-2.08	-98	-350	-51
Payment of Dividends	-0.48	-0.39	-0.22	-1.51	-1.61	-1.45	-0.35	-0.98	-0.19	0.01	-0.37
Issuance of Common Equity	0.20	0.59	0.45	9.36	7.41	4.65	0.66	0.52	0.30	0.37	0.61
Other Financing Activities, net	-0.05	-0.04	-0.04	-0.04	-0.03	0.00	-0.03	-0.02	-0.04	-0.06	-0.05
Effect of Exchange Rate Changes	-0.50	0.54	-0.32	-0.86	0.72	-2.16	0.35	1.31	0.34	0.12	-0.17
Cash Interest Paid	20	20	20	21	13	37	25	25	25	25	21
Cash Income Taxes Paid	1.63	0.86	1.01	8.16	2.08	0.82	0.29	18	1.13	-	0.33

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	699	1,001	1,096	1,353	1,717	1,850	2,016	2,855	2,970	3,070	3,103
Total Current Assets	73	91	177	389	540	567	662	556	472	588	658
Cash & Equivalents	31	40	113	289	436	439	546	410	276	293	346
Restricted Cash	1.96	3.07	-	31	43	76	58	63	46	57	66
Short-Term Investments	-	-	-	-	-	-	-	0.00	75	114	107
Accounts Receivable	30	38	47	52	51	33	41	61	53	94	105
Inventories, net	4.56	1.80	2.69	5.12	0.88	0.47	1.16	5.27	4.68	6.15	7.58
Prepaid Expenses	5.15	3.59	3.93	4.95	8.03	12	13	11	14	21	25
Current Deferred & Refundable Income Taxes	-	4.69	-	6.82	0.95	5.46	3.67	5.47	3.31	2.62	2.96
Plant, Property, & Equipment, net	56	61	83	114	145	0.00	174	349	390	424	467
Total Noncurrent Assets	570	849	835	851	1,032	1,283	1,180	1,950	2,107	2,058	1,978
Long-Term Investments	-	-	-	-	-	-	-	0.00	51	66	88
Goodwill	177	177	177	200	228	228	229	703	718	721	712
Intangible Assets	274	254	236	234	234	217	201	417	373	323	286
Noncurrent Deferred & Refundable Income Taxes	117	410	411	415	412	511	539	455	504	470	407
Other Noncurrent Operating Assets	2.14	7.73	12	1.83	158	327	211	376	462	478	484
Total Liabilities & Shareholders' Equity	699	1,001	1,096	1,353	1,717	1,850	2,016	2,855	2,970	3,070	3,103
Total Liabilities	700	1,216	1,235	1,736	2,425	2,555	2,659	3,066	3,089	3,285	3,587
Total Current Liabilities	66	83	111	131	145	112	177	245	251	282	312
Short-Term Debt	5.10	7.19	7.19	12	18	18	18	21	21	23	24
Accounts Payable	24	29	29	30	21	19	28	21	24	33	40
Accrued Expenses	14	19	19	32	32	22	52	67	66	68	75
Customer Deposits	-	-	-	-	3.01	0.80	6.04	8.44	4.51	1.85	10
Current Deferred Revenue	20	20	18	23	28	27	28	54	60	62	59
Current Deferred & Payable Income Tax Liabilities	3.02	8.07	31	25	26	0.00	20	32	41	56	56
Other Current Liabilities	0.21	0.37	0.47	8.34	18	25	25	42	35	40	49
Total Noncurrent Liabilities	634	1,133	1,131	1,605	2,279	2,444	2,482	2,822	2,837	3,003	3,274
Long-Term Debt	480	702	697	1,160	1,688	1,751	1,740	1,978	1,963	2,148	2,458
Capital Lease Obligations	-	-	-	-	153	168	-	342	382	405	419
Noncurrent Deferred Revenue	17	13	6.13	10	34	33	33	33	32	32	30
Noncurrent Deferred & Payable Income Tax Liabilities	-	1.24	1.63	2.30	1.12	0.88	0.00	1.47	1.64	1.39	1.18
Other Noncurrent Operating Liabilities	138	416	426	432	403	491	709	467	459	416	366
Commitments & Contingencies	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-1.08	-215	-146	-383	-708	-706	-643	-212	-119	-215	-483
Total Preferred & Common Equity	-15	-131	-129	-375	-706	-706	-645	-199	-116	-215	-483
Total Common Equity	-15	-131	-129	-375	-706	-706	-645	-199	-116	-215	-483
Common Stock	0.35	34	12	20	30	46	63	505	576	609	623
Retained Earnings	-14	-164	-140	-394	-737	-752	-709	-704	-691	-822	-1,107
Accumulated Other Comprehensive Income / (Loss)	-1.71	-1.17	-0.65	0.09	0.30	0.03	0.01	-0.45	0.17	-2.35	1.31
Noncontrolling Interest	14	-84	-17	-8.22	-1.30	0.20	2.51	-13	-3.34	0.01	-0.60

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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	2,846	2,906	2,848	2,945	2,993	2,974	3,048	3,092	3,119	3,058	3,105
Total Current Assets	540	589	505	540	521	494	556	604	637	626	687
Cash & Equivalents	404	460	236	309	302	247	299	344	336	329	375
Restricted Cash	64	76	72	46	64	60	68	73	66	56	97
Short-Term Investments	-	-	118	108	93	103	109	110	107	114	99
Accounts Receivable	48	27	56	45	36	57	57	57	98	86	84
Inventories, net	4.22	5.00	6.85	7.54	4.96	5.20	4.86	1.97	4.35	6.98	4.81
Prepaid Expenses	14	17	12	18	19	16	14	17	19	23	26
Current Deferred & Refundable Income Taxes	4.89	2.69	4.33	5.66	1.32	-	-	0.73	-	-	1.92
Plant, Property, & Equipment, net	333	344	347	367	0.00	0.00	422	419	430	448	452
Total Noncurrent Assets	1,973	1,972	1,996	2,038	2,472	2,480	2,070	2,069	2,051	1,984	1,965
Long-Term Investments	-	-	2.50	10	45	50	56	76	83	78	97
Goodwill	700	703	718	718	719	719	719	721	721	711	712
Intangible Assets	428	404	398	385	360	347	334	314	305	296	278
Noncurrent Deferred & Refundable Income Taxes	471	495	483	493	500	491	481	459	443	416	395
Other Noncurrent Operating Assets	374	371	395	432	848	874	480	499	499	484	483
Total Liabilities & Shareholders' Equity	2,846	2,906	2,848	2,945	2,993	2,974	3,048	3,092	3,119	3,058	3,105
Total Liabilities	3,094	3,064	3,064	3,110	3,092	3,294	3,315	3,312	3,277	3,253	3,587
Total Current Liabilities	258	250	274	273	247	272	286	287	310	300	332
Short-Term Debt	21	21	21	21	21	21	23	23	23	23	26
Accounts Payable	22	17	29	28	21	30	32	26	49	48	33
Accrued Expenses	54	47	45	56	44	57	67	62	58	61	69
Customer Deposits	32	13	12	14	7.59	5.14	10	2.49	7.86	11	7.41
Current Deferred Revenue	56	73	72	64	77	76	68	81	77	65	86
Current Deferred & Payable Income Tax Liabilities	31	32	41	38	41	49	49	56	55	50	56
Other Current Liabilities	41	47	54	51	35	35	39	39	41	40	55
Total Noncurrent Liabilities	2,836	2,814	2,790	2,837	2,846	3,022	3,029	3,024	2,967	2,952	3,256
Long-Term Debt	1,982	1,974	1,970	1,967	1,959	2,157	2,152	2,144	2,139	2,135	2,453
Capital Lease Obligations	342	336	347	380	390	401	409	433	433	418	407
Noncurrent Deferred Revenue	33	33	33	33	34	34	34	31	31	30	29
Noncurrent Deferred & Payable Income Tax Liabilities	0.97	1.46	1.40	1.40	1.67	1.60	1.57	1.32	1.25	0.62	1.08
Other Noncurrent Operating Liabilities	478	469	438	456	461	428	433	415	363	369	365
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-248	-159	-216	-165	-99	-320	-267	-220	-158	-194	-483
Total Preferred & Common Equity	-204	-151	-202	-157	-96	-318	-266	-220	-159	-195	-482
Total Common Equity	-204	-151	-202	-157	-96	-318	-266	-220	-159	-195	-482
Common Stock	534	555	564	570	581	594	603	612	615	619	626
Retained Earnings	-737	-706	-766	-727	-677	-911	-869	-831	-775	-815	-1,107
Accumulated Other Comprehensive Income / (Loss)	-0.63	-0.37	-0.33	-0.68	-0.44	-1.10	0.22	-1.35	1.01	1.12	-0.61
Noncontrolling Interest	-44	-7.47	-14	-7.85	-2.82	-2.17	-0.98	0.03	0.41	0.41	-0.57

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.14%	14.43%	13.67%	33.25%	188.92%	-75.43%	44.37%	59.58%	14.36%	10.30%	12.06%
EBITDA Growth	12.34%	42.59%	230.48%	-56.38%	-0.44%	-42.47%	61.27%	85.96%	14.26%	13.56%	13.99%
EBIT Growth	19.16%	62.94%	296.87%	-61.70%	-6.07%	-61.30%	104.59%	85.24%	12.78%	17.11%	21.81%
NOPAT Growth	-2.51%	57.62%	-79.15%	653.66%	26.52%	-77.05%	205.45%	23.72%	23.94%	19.56%	21.65%
Net Income Growth	2.24%	86.85%	-21.96%	85.54%	31.26%	-111.23%	403.35%	139.49%	33.12%	18.50%	26.41%
EPS Growth	0.00%	0.00%	0.00%	0.00%	41.00%	-113.48%	368.42%	131.37%	37.29%	23.46%	31.00%
Operating Cash Flow Growth	2.84%	33.25%	20.40%	40.74%	10.80%	-84.76%	507.90%	26.90%	37.49%	4.12%	21.68%
Free Cash Flow Firm Growth	122.39%	-5.09%	-68.16%	299.67%	-117.18%	89.18%	15,513.17%	-397.33%	105.50%	271.38%	51.26%
Invested Capital Growth	-7.75%	0.12%	-2.19%	6.38%	43.09%	6.55%	-28.57%	224.21%	8.55%	1.82%	-1.09%
Revenue Q/Q Growth	0.00%	2.88%	4.27%	7.57%	146.44%	-71.58%	34.88%	-0.46%	0.36%	4.92%	2.78%
EBITDA Q/Q Growth	0.00%	4.75%	178.82%	-58.67%	-16.72%	46.73%	0.51%	15.57%	1.99%	3.23%	2.68%
EBIT Q/Q Growth	0.00%	5.66%	225.20%	-63.70%	-21.78%	137.87%	-0.46%	15.63%	1.42%	4.46%	3.73%
NOPAT Q/Q Growth	0.00%	8.37%	-81.00%	394.53%	1.43%	-34.20%	27.39%	7.80%	0.41%	8.28%	6.78%
Net Income Q/Q Growth	0.00%	7.08%	-27.53%	37.16%	4.21%	-262.28%	-6.86%	37.37%	0.29%	6.61%	6.35%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	-337.50%	-7.27%	42.17%	0.00%	7.53%	7.38%
Operating Cash Flow Q/Q Growth	-6.03%	7.92%	3.90%	1.39%	5.72%	-37.04%	3.58%	4.34%	4.28%	-3.97%	16.72%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-60.72%	147.86%	-112.68%	77.49%	153.93%	-2.39%	-42.68%	26.45%	23.71%
Invested Capital Q/Q Growth	0.00%	1.93%	-5.98%	3.92%	41.63%	30.74%	-1.10%	1.77%	4.05%	2.57%	0.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	65.66%	67.66%	69.93%	71.61%	88.25%	82.55%	82.80%	81.08%	82.26%	83.32%	82.61%
EBITDA Margin	32.10%	39.99%	116.28%	38.07%	13.12%	30.72%	34.32%	39.99%	39.95%	41.13%	41.84%
Operating Margin	21.81%	30.58%	34.32%	32.13%	14.08%	14.70%	24.43%	24.56%	25.47%	27.44%	29.81%
EBIT Margin	21.73%	30.94%	108.03%	31.05%	10.09%	15.90%	22.54%	26.16%	25.80%	27.39%	29.77%
Profit (Net Income) Margin	11.54%	18.84%	12.93%	18.01%	8.18%	-3.74%	7.86%	11.79%	13.72%	14.75%	16.63%
Tax Burden Percent	80.65%	79.24%	12.96%	78.27%	78.19%	104.73%	88.76%	68.42%	70.85%	70.62%	71.29%
Interest Burden Percent	65.82%	76.82%	92.40%	74.10%	103.66%	-22.45%	39.28%	65.88%	75.09%	76.23%	78.38%
Effective Tax Rate	19.35%	20.76%	87.04%	21.73%	21.81%	0.00%	10.89%	31.29%	28.19%	27.74%	27.79%
Return on Invested Capital (ROIC)	12.39%	20.34%	4.29%	31.65%	31.96%	6.03%	20.84%	14.59%	11.34%	12.91%	15.65%
ROIC Less NNEP Spread (ROIC-NNEP)	7.31%	16.68%	10.11%	25.97%	27.76%	1.96%	14.50%	11.43%	8.76%	9.88%	12.67%
Return on Net Nonoperating Assets (RNNOA)	38.22%	-86.36%	-35.10%	-70.66%	-56.79%	-3.88%	-27.68%	-40.44%	-100.31%	-117.13%	-78.70%
Return on Equity (ROE)	50.61%	-66.02%	-30.81%	-39.01%	-24.83%	2.15%	-6.84%	-25.86%	-88.96%	-104.22%	-63.05%
Cash Return on Invested Capital (CROIC)	20.45%	20.21%	6.50%	25.47%	-3.49%	-0.31%	54.17%	-91.12%	3.14%	11.11%	16.75%
Operating Return on Assets (OROA)	11.04%	13.76%	44.29%	14.52%	10.88%	3.63%	6.84%	10.06%	9.49%	10.72%	12.77%
Return on Assets (ROA)	5.86%	8.38%	5.30%	8.42%	8.82%	-0.85%	2.39%	4.54%	5.05%	5.77%	7.14%
Return on Common Equity (ROCE)	43.71%	-44.71%	-22.15%	-37.12%	-24.62%	2.15%	-6.85%	-25.55%	-84.69%	-103.18%	-62.99%
Return on Equity Simple (ROE_SIMPLE)	-247.92%	-54.49%	-43.21%	-27.54%	-19.17%	2.15%	-7.15%	-55.50%	-127.14%	-80.90%	0.00%
Net Operating Profit after Tax (NOPAT)	58	92	19	144	182	42	128	158	196	234	285
NOPAT Margin	17.59%	24.23%	4.45%	25.14%	11.01%	10.29%	21.77%	16.88%	18.29%	19.83%	21.52%
Net Nonoperating Expense Percent (NNEP)	5.08%	3.65%	-5.82%	5.68%	4.20%	4.07%	6.34%	3.15%	2.58%	3.03%	2.98%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.42%	8.72%	9.92%	11.79%
Cost of Revenue to Revenue	34.34%	32.34%	30.07%	28.39%	11.75%	17.45%	17.20%	18.92%	17.74%	16.68%	17.39%
SG&A Expenses to Revenue	16.81%	13.22%	14.04%	12.65%	9.96%	16.87%	16.11%	35.68%	35.33%	35.51%	34.45%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	43.85%	37.08%	35.62%	39.48%	43.32%	67.85%	58.37%	56.52%	56.79%	55.88%	52.80%
Earnings before Interest and Taxes (EBIT)	72	117	464	178	167	65	132	245	276	324	394
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	106	151	500	218	217	125	201	375	428	486	554
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	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	0.00
Price to Revenue (P/Rev)	4.10	5.24	7.92	9.14	4.08	16.52	13.36	7.53	6.01	7.08	6.82
Price to Earnings (P/E)	73.25	92.16	102.77	59.48	57.33	0.00	183.40	71.00	46.52	48.61	41.24
Dividend Yield	0.00%	13.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.37%	1.09%	0.97%	1.68%	1.74%	0.00%	0.55%	1.41%	2.15%	2.06%	2.42%
Enterprise Value to Invested Capital (EV/IC)	4.05	5.68	9.02	12.96	12.10	11.38	17.62	5.38	4.64	5.69	6.26
Enterprise Value to Revenue (EV/Rev)	5.51	6.78	9.26	10.61	4.91	20.01	15.33	9.51	7.79	8.81	8.56
Enterprise Value to EBITDA (EV/EBITDA)	17.18	16.94	7.96	27.88	37.43	65.15	44.68	23.79	19.51	21.42	20.45
Enterprise Value to EBIT (EV/EBIT)	25.37	21.90	8.57	34.18	48.64	125.85	68.04	36.37	30.21	32.16	28.74
Enterprise Value to NOPAT (EV/NOPAT)	31.34	27.97	208.21	42.20	44.58	194.54	70.44	56.38	42.61	44.44	39.75
Enterprise Value to Operating Cash Flow (EV/OCF)	22.31	23.55	30.37	32.97	39.77	261.35	47.55	37.11	25.28	30.27	27.08
Enterprise Value to Free Cash Flow (EV/FCFF)	18.98	28.14	137.20	52.44	0.00	0.00	27.10	0.00	153.79	51.64	37.15
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-448.96	-3.30	-4.82	-3.06	-2.63	-2.74	-2.73	-11.06	-19.88	-11.96	-6.00
Long-Term Debt to Equity	-444.24	-3.27	-4.77	-3.03	-2.60	-2.72	-2.71	-10.97	-19.70	-11.86	-5.95
Financial Leverage	5.23	-5.18	-3.47	-2.72	-2.05	-1.98	-1.91	-3.54	-11.45	-11.85	-6.21
Leverage Ratio	8.64	-7.88	-5.81	-4.63	-2.82	-2.52	-2.87	-5.70	-17.62	-18.06	-8.83
Compound Leverage Factor	5.68	-6.05	-5.37	-3.43	-2.92	0.57	-1.13	-3.76	-13.23	-13.77	-6.92
Debt to Total Capital	100.22%	143.43%	126.21%	148.49%	161.53%	157.32%	157.66%	109.94%	105.30%	109.12%	119.99%
Short-Term Debt to Total Capital	1.05%	1.45%	1.29%	1.52%	1.52%	1.42%	1.57%	0.97%	0.92%	0.95%	0.99%
Long-Term Debt to Total Capital	99.17%	141.98%	124.92%	146.97%	160.01%	155.90%	156.09%	108.96%	104.37%	108.17%	119.00%
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%	0.00%
Noncontrolling Interests to Total Capital	2.96%	-16.99%	-3.13%	-1.04%	-0.11%	0.02%	0.23%	-0.59%	-0.15%	0.00%	-0.02%
Common Equity to Total Capital	-3.18%	-26.45%	-23.08%	-47.45%	-61.42%	-57.33%	-57.88%	-9.35%	-5.15%	-9.12%	-19.97%
Debt to EBITDA	4.57	4.69	1.41	5.37	8.56	15.51	8.73	6.25	5.53	5.30	5.24
Net Debt to EBITDA	4.26	4.40	1.18	3.91	6.35	11.38	5.73	4.99	4.48	4.21	4.14
Long-Term Debt to EBITDA	4.52	4.64	1.39	5.32	8.48	15.37	8.64	6.19	5.48	5.25	5.19
Debt to NOPAT	8.34	7.74	36.82	8.14	10.19	46.30	13.76	14.81	12.07	11.00	10.18
Net Debt to NOPAT	7.76	7.26	30.90	5.91	7.57	33.97	9.03	11.82	9.79	8.74	8.05
Long-Term Debt to NOPAT	8.25	7.66	36.44	8.05	10.10	45.88	13.62	14.68	11.97	10.90	10.10
Altman Z-Score	1.96	1.52	3.34	2.49	2.63	1.64	2.08	1.78	1.68	2.00	1.99
Noncontrolling Interest Sharing Ratio	13.63%	32.28%	28.11%	4.85%	0.87%	0.08%	-0.20%	1.18%	4.81%	1.00%	0.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.10	1.10	1.59	2.96	3.71	5.07	3.75	2.27	1.88	2.08	2.11
Quick Ratio	0.92	0.94	1.44	2.59	3.35	4.22	3.32	1.93	1.61	1.77	1.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	96	91	29	116	-20	-2.16	332	-988	54	202	305
Operating Cash Flow to CapEx	426.19%	740.55%	353.71%	453.47%	353.60%	59.56%	350.35%	240.21%	243.04%	223.78%	255.65%
Free Cash Flow to Firm to Interest Expense	0.00	3.36	0.82	2.28	-0.33	-0.03	4.09	-11.14	0.63	2.02	2.82
Operating Cash Flow to Interest Expense	0.00	4.01	3.71	3.63	3.36	0.38	2.33	2.71	3.81	3.44	3.87
Operating Cash Flow Less CapEx to Interest Expense	0.00	3.47	2.66	2.83	2.41	-0.26	1.67	1.58	2.25	1.90	2.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.44	0.41	0.47	1.08	0.23	0.30	0.38	0.37	0.39	0.43
Accounts Receivable Turnover	13.15	11.20	10.18	11.65	32.14	9.60	15.87	18.37	18.77	16.09	13.35
Inventory Turnover	29.99	38.47	57.53	41.63	64.83	105.12	124.07	55.19	38.22	36.43	33.56
Fixed Asset Turnover	6.25	6.44	5.95	5.80	12.74	0.00	0.00	3.59	2.90	2.90	2.97
Accounts Payable Turnover	4.48	4.66	4.52	5.51	7.52	3.49	4.27	7.31	8.57	6.96	6.35
Days Sales Outstanding (DSO)	27.75	32.58	35.87	31.33	11.36	38.01	23.00	19.87	19.45	22.69	27.35
Days Inventory Outstanding (DIO)	12.17	9.49	6.34	8.77	5.63	3.47	2.94	6.61	9.55	10.02	10.88
Days Payable Outstanding (DPO)	81.51	78.27	80.69	66.29	48.52	104.57	85.44	49.92	42.61	52.47	57.51
Cash Conversion Cycle (CCC)	-41.59	-36.20	-38.48	-26.19	-31.53	-63.08	-59.50	-23.44	-13.61	-19.77	-19.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	450	451	441	469	671	715	511	1,657	1,798	1,831	1,811
Invested Capital Turnover	0.70	0.84	0.96	1.26	2.90	0.59	0.96	0.86	0.62	0.65	0.73
Increase / (Decrease) in Invested Capital	-38	0.56	-9.89	28	202	44	-204	1,146	142	33	-20
Enterprise Value (EV)	1,822	2,563	3,980	6,079	8,126	8,138	9,001	8,913	8,349	10,410	11,329
Market Capitalization	1,356	1,981	3,406	5,235	6,748	6,717	7,845	7,057	6,435	8,364	9,035
Book Value per Share	($0.16)	($1.33)	($1.31)	($3.84)	($7.82)	($8.16)	($7.45)	($2.22)	($1.31)	($2.55)	($5.80)
Tangible Book Value per Share	($4.72)	($5.70)	($5.50)	($8.28)	($12.93)	($13.30)	($12.41)	($14.72)	($13.68)	($14.89)	($17.79)
Total Capital	484	494	558	789	1,150	1,231	1,115	2,129	2,246	2,360	2,418
Total Debt	485	709	704	1,172	1,858	1,937	1,758	2,341	2,365	2,576	2,901
Total Long-Term Debt	480	702	697	1,160	1,840	1,919	1,740	2,320	2,344	2,553	2,877
Net Debt	451	666	591	852	1,379	1,421	1,154	1,868	1,917	2,046	2,294
Capital Expenditures (CapEx)	19	15	37	41	58	52	54	100	136	154	164
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-22	-28	-40	-51	-67	-43	-101	-141	-156	-136	-149
Debt-free Net Working Capital (DFNWC)	12	15	73	269	412	472	503	332	241	328	370
Net Working Capital (NWC)	6.69	7.95	66	257	395	455	486	311	220	306	346
Net Nonoperating Expense (NNE)	20	20	-36	41	47	57	82	48	49	60	65
Net Nonoperating Obligations (NNO)	451	666	587	852	1,379	1,421	1,154	1,868	1,917	2,046	2,294
Total Depreciation and Amortization (D&A)	34	34	35	40	50	60	69	130	152	162	160
Debt-free, Cash-free Net Working Capital to Revenue	-6.53%	-7.49%	-9.34%	-8.90%	-4.03%	-10.67%	-17.14%	-15.02%	-14.54%	-11.49%	-11.25%
Debt-free Net Working Capital to Revenue	3.57%	4.00%	16.96%	46.98%	24.90%	116.18%	85.74%	35.41%	22.52%	27.76%	27.93%
Net Working Capital to Revenue	2.02%	2.10%	15.29%	44.88%	23.84%	111.88%	82.76%	33.20%	20.58%	25.86%	26.12%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.42	($0.19)	$0.51	$1.18	$1.63	$2.01	$2.62
Adjusted Weighted Average Basic Shares Outstanding	98.71M	98.50M	98.38M	93.04M	82.98M	80.30M	83.30M	84.14M	84.90M	85.62M	83.52M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.41	($0.19)	$0.51	$1.18	$1.62	$2.00	$2.62
Adjusted Weighted Average Diluted Shares Outstanding	98.71M	98.50M	98.38M	93.04M	83.62M	80.30M	83.89M	84.54M	85.18M	85.83M	83.73M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	98.71M	98.50M	98.38M	93.04M	87.10M	86.55M	91.03M	89.44M	88.17M	84.67M	80.01M
Normalized Net Operating Profit after Tax (NOPAT)	58	92	103	144	182	42	128	158	196	234	285
Normalized NOPAT Margin	17.59%	24.23%	24.02%	25.14%	11.01%	10.29%	21.77%	16.88%	18.29%	19.83%	21.52%
Pre Tax Income Margin	14.30%	23.77%	99.82%	23.01%	10.46%	-3.57%	8.85%	17.23%	19.37%	20.88%	23.33%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	4.31	13.14	3.51	2.75	0.79	1.63	2.77	3.19	3.24	3.64
NOPAT to Interest Expense	0.00	3.38	0.54	2.84	3.00	0.51	1.57	1.78	2.26	2.34	2.63
EBIT Less CapEx to Interest Expense	0.00	3.77	12.10	2.70	1.80	0.15	0.96	1.64	1.62	1.70	2.13
NOPAT Less CapEx to Interest Expense	0.00	2.84	-0.51	2.04	2.05	-0.13	0.91	0.66	0.69	0.81	1.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	462.85%	425.07%	23.98%	8.97%	5.67%	-13.52%	1.63%	4.19%	3.13%	2.75%	0.68%
Augmented Payout Ratio	462.85%	427.29%	23.98%	340.86%	344.02%	-13.52%	1.63%	89.58%	88.17%	175.04%	227.85%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	80,014,017.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	80,014,017.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.64
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.57%	1.36%	11.61%	5.05%	5.29%	19.42%	11.55%	13.27%	13.04%	10.52%	21.89%
EBITDA Growth	9.38%	7.94%	18.61%	12.18%	11.10%	13.35%	11.54%	11.85%	21.27%	11.23%	18.84%
EBIT Growth	8.70%	5.48%	27.17%	14.28%	11.30%	18.63%	19.58%	18.01%	34.01%	16.12%	24.91%
NOPAT Growth	33.26%	2.38%	24.95%	11.97%	7.55%	37.61%	21.89%	13.28%	24.10%	28.55%	25.63%
Net Income Growth	34.71%	1.18%	41.20%	11.62%	2.59%	29.38%	20.32%	18.22%	39.60%	27.63%	23.09%
EPS Growth	43.75%	0.00%	44.44%	16.67%	8.70%	34.15%	28.21%	23.21%	40.00%	32.73%	30.00%
Operating Cash Flow Growth	36.71%	27.23%	-8.35%	31.63%	15.70%	-22.43%	49.25%	-43.79%	3.69%	121.98%	10.15%
Free Cash Flow Firm Growth	95.72%	91.40%	-231.36%	-225.78%	104.01%	134.01%	157.03%	161.26%	2,757.96%	221.20%	137.44%
Invested Capital Growth	6.17%	8.55%	7.97%	6.22%	3.29%	1.82%	0.56%	2.58%	1.14%	-1.09%	-2.29%
Revenue Q/Q Growth	-3.11%	2.72%	-13.00%	21.34%	-2.89%	16.49%	-18.74%	23.21%	-3.09%	13.90%	-10.37%
EBITDA Q/Q Growth	-3.92%	3.31%	-6.51%	20.87%	-4.84%	5.41%	-8.00%	21.21%	3.17%	-3.32%	-1.71%
EBIT Q/Q Growth	-6.30%	2.40%	-10.46%	33.03%	-8.74%	9.14%	-9.74%	31.28%	3.63%	-5.43%	-2.91%
NOPAT Q/Q Growth	-3.68%	-13.79%	0.10%	34.72%	-7.49%	10.30%	-11.33%	25.21%	1.35%	14.25%	-13.35%
Net Income Q/Q Growth	-6.46%	-11.04%	-4.87%	41.00%	-14.03%	12.19%	-11.53%	38.54%	1.52%	2.58%	-14.68%
EPS Q/Q Growth	-4.17%	-10.87%	-4.88%	43.59%	-10.71%	10.00%	-9.09%	38.00%	1.45%	4.29%	-10.96%
Operating Cash Flow Q/Q Growth	84.43%	-42.21%	41.68%	-12.83%	62.11%	-61.25%	172.59%	-67.17%	199.01%	-17.04%	35.27%
Free Cash Flow Firm Q/Q Growth	-237.72%	-106.45%	11.87%	49.80%	104.40%	1,649.07%	47.77%	-46.07%	105.05%	96.57%	9.24%
Invested Capital Q/Q Growth	2.06%	4.05%	-1.76%	1.82%	-0.75%	2.57%	-2.97%	3.85%	-2.14%	0.30%	-4.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	80.63%	79.84%	92.34%	82.74%	84.36%	76.36%	91.87%	82.57%	82.40%	76.02%	86.56%
EBITDA Margin	39.66%	39.89%	42.87%	42.71%	41.85%	37.86%	42.87%	42.17%	44.89%	38.11%	41.79%
Operating Margin	26.07%	25.03%	26.54%	29.04%	27.80%	26.36%	28.63%	30.04%	32.41%	28.17%	29.26%
EBIT Margin	26.12%	26.04%	26.80%	29.38%	27.61%	25.87%	28.73%	30.61%	32.73%	27.18%	29.44%
Profit (Net Income) Margin	14.89%	12.90%	14.10%	16.39%	14.51%	13.97%	15.21%	17.10%	17.92%	16.13%	15.36%
Tax Burden Percent	75.08%	63.57%	69.26%	70.95%	71.01%	70.96%	71.20%	69.52%	67.46%	77.54%	71.96%
Interest Burden Percent	75.92%	77.90%	75.97%	78.61%	73.98%	76.11%	74.35%	80.36%	81.13%	76.57%	72.50%
Effective Tax Rate	24.48%	33.99%	28.37%	27.30%	27.68%	27.78%	27.44%	29.73%	31.89%	21.40%	26.83%
Return on Invested Capital (ROIC)	12.52%	10.25%	12.26%	13.44%	12.89%	12.40%	14.19%	14.49%	15.84%	16.10%	16.88%
ROIC Less NNEP Spread (ROIC-NNEP)	11.82%	9.70%	11.59%	12.73%	12.06%	11.53%	13.39%	13.82%	15.16%	15.06%	15.91%
Return on Net Nonoperating Assets (RNNOA)	-107.84%	-111.09%	-164.62%	-95.72%	-110.15%	-136.64%	-162.12%	-119.17%	-133.15%	-93.56%	-95.46%
Return on Equity (ROE)	-95.31%	-100.84%	-152.36%	-82.28%	-97.26%	-124.24%	-147.93%	-104.68%	-117.31%	-77.46%	-78.57%
Cash Return on Invested Capital (CROIC)	5.64%	3.14%	4.40%	6.12%	9.08%	11.11%	13.24%	11.34%	13.73%	16.75%	19.38%
Operating Return on Assets (OROA)	9.63%	9.58%	9.97%	11.22%	10.38%	10.12%	11.43%	12.56%	13.81%	11.66%	13.16%
Return on Assets (ROA)	5.49%	4.74%	5.25%	6.26%	5.45%	5.47%	6.05%	7.02%	7.56%	6.92%	6.86%
Return on Common Equity (ROCE)	-83.24%	-95.99%	-146.28%	-79.80%	-95.27%	-123.00%	-146.64%	-104.30%	-117.16%	-77.39%	-78.51%
Return on Equity Simple (ROE_SIMPLE)	-93.33%	0.00%	-163.09%	-51.11%	-61.41%	0.00%	-82.47%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	55	47	47	64	59	65	57	72	73	83	72
NOPAT Margin	19.69%	16.52%	19.01%	21.11%	20.11%	19.04%	20.77%	21.11%	22.08%	22.14%	21.41%
Net Nonoperating Expense Percent (NNEP)	0.71%	0.55%	0.67%	0.71%	0.83%	0.87%	0.80%	0.66%	0.68%	1.04%	0.97%
Return On Investment Capital (ROIC_SIMPLE)	-	2.10%	-	-	-	2.75%	2.42%	2.95%	3.06%	3.45%	3.00%
Cost of Revenue to Revenue	19.37%	20.16%	7.66%	17.26%	15.64%	23.64%	8.13%	17.43%	17.60%	23.98%	13.44%
SG&A Expenses to Revenue	34.74%	77.77%	11.77%	10.50%	35.68%	74.78%	41.92%	33.13%	33.39%	31.08%	36.28%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	54.57%	54.81%	65.80%	53.71%	56.56%	50.00%	63.25%	52.53%	49.98%	47.84%	57.30%
Earnings before Interest and Taxes (EBIT)	72	74	66	88	81	88	79	104	108	102	99
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	110	114	106	129	122	129	119	144	148	143	141
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	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	0.00
Price to Revenue (P/Rev)	4.06	6.01	5.03	5.84	6.14	7.08	6.76	7.34	6.79	6.82	4.30
Price to Earnings (P/E)	31.72	46.52	36.83	41.22	43.15	48.61	45.55	48.58	42.49	41.24	26.01
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.15%	2.15%	2.71%	2.43%	2.32%	2.06%	2.20%	2.06%	2.35%	2.42%	3.84%
Enterprise Value to Invested Capital (EV/IC)	3.60	4.64	4.18	4.78	5.02	5.69	5.73	6.06	5.95	6.26	4.71
Enterprise Value to Revenue (EV/Rev)	5.83	7.79	6.73	7.74	7.96	8.81	8.41	8.95	8.34	8.56	5.90
Enterprise Value to EBITDA (EV/EBITDA)	14.82	19.51	16.61	18.76	19.05	21.42	20.42	21.78	19.91	20.45	14.17
Enterprise Value to EBIT (EV/EBIT)	22.82	30.21	25.42	28.53	28.95	32.16	30.23	31.72	28.26	28.74	19.73
Enterprise Value to NOPAT (EV/NOPAT)	31.88	42.61	35.96	40.55	41.45	44.44	41.61	44.23	40.25	39.75	27.26
Enterprise Value to Operating Cash Flow (EV/OCF)	19.64	25.28	22.93	25.25	25.05	30.27	26.22	31.61	29.96	27.08	18.91
Enterprise Value to Free Cash Flow (EV/FCFF)	65.68	153.79	98.57	80.53	56.25	51.64	43.37	54.16	43.57	37.15	24.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-14.35	-19.88	-23.89	-8.06	-9.67	-11.96	-11.82	-16.39	-13.25	-6.00	-5.98
Long-Term Debt to Equity	-14.23	-19.70	-23.68	-8.00	-9.59	-11.86	-11.72	-16.25	-13.13	-5.95	-5.92
Financial Leverage	-9.13	-11.45	-14.20	-7.52	-9.13	-11.85	-12.10	-8.62	-8.78	-6.21	-6.00
Leverage Ratio	-14.02	-17.62	-22.88	-10.87	-13.87	-18.06	-19.07	-12.74	-13.23	-8.83	-8.82
Compound Leverage Factor	-10.64	-13.73	-17.38	-8.54	-10.26	-13.75	-14.18	-10.24	-10.74	-6.76	-6.39
Debt to Total Capital	107.49%	105.30%	104.37%	114.16%	111.53%	109.12%	109.24%	106.50%	108.16%	119.99%	120.09%
Short-Term Debt to Total Capital	0.94%	0.92%	0.91%	0.91%	0.97%	0.95%	0.95%	0.92%	0.95%	0.99%	1.07%
Long-Term Debt to Total Capital	106.55%	104.37%	103.46%	113.25%	110.56%	108.17%	108.29%	105.57%	107.22%	119.00%	119.02%
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%	0.00%
Noncontrolling Interests to Total Capital	-0.36%	-0.15%	-0.12%	-0.10%	-0.04%	0.00%	0.00%	0.02%	0.02%	-0.02%	-0.02%
Common Equity to Total Capital	-7.13%	-5.15%	-4.25%	-14.06%	-11.49%	-9.12%	-9.24%	-6.51%	-8.18%	-19.97%	-20.07%
Debt to EBITDA	5.64	5.53	5.33	5.62	5.49	5.30	5.22	5.05	4.77	5.24	5.01
Net Debt to EBITDA	4.51	4.48	4.20	4.62	4.36	4.21	4.01	3.90	3.70	4.14	3.85
Long-Term Debt to EBITDA	5.59	5.48	5.28	5.58	5.44	5.25	5.17	5.01	4.73	5.19	4.96
Debt to NOPAT	12.13	12.07	11.54	12.15	11.94	11.00	10.63	10.26	9.65	10.18	9.63
Net Debt to NOPAT	9.70	9.79	9.08	9.98	9.49	8.74	8.16	7.92	7.48	8.05	7.40
Long-Term Debt to NOPAT	12.03	11.97	11.44	12.05	11.84	10.90	10.54	10.17	9.56	10.10	9.55
Altman Z-Score	1.04	1.46	1.30	1.31	1.42	1.75	1.70	1.97	1.91	1.68	1.19
Noncontrolling Interest Sharing Ratio	12.66%	4.81%	3.99%	3.02%	2.04%	1.00%	0.87%	0.37%	0.12%	0.09%	0.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.98	1.88	2.11	1.81	1.94	2.08	2.10	2.05	2.08	2.11	2.07
Quick Ratio	1.70	1.61	1.75	1.50	1.62	1.77	1.78	1.74	1.76	1.78	1.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-46	-95	-83	-42	1.84	32	48	26	53	103	113
Operating Cash Flow to CapEx	277.49%	123.57%	341.04%	205.65%	260.77%	119.06%	580.90%	123.00%	240.01%	217.72%	578.49%
Free Cash Flow to Firm to Interest Expense	-2.11	-4.34	-3.89	-1.70	0.07	1.17	1.81	0.98	1.99	3.50	3.42
Operating Cash Flow to Interest Expense	5.05	2.90	4.19	3.19	4.77	1.79	5.11	1.68	4.99	3.69	4.47
Operating Cash Flow Less CapEx to Interest Expense	3.23	0.55	2.96	1.64	2.94	0.29	4.23	0.31	2.91	2.00	3.70
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.37	0.37	0.38	0.38	0.39	0.40	0.41	0.42	0.43	0.45
Accounts Receivable Turnover	22.83	18.77	34.46	19.67	22.11	16.09	25.80	16.18	18.03	13.35	19.62
Inventory Turnover	35.09	38.22	38.10	30.22	28.09	36.43	57.87	43.60	37.26	33.56	74.65
Fixed Asset Turnover	3.05	2.90	0.00	0.00	2.86	2.90	0.00	0.00	2.96	2.97	3.18
Accounts Payable Turnover	8.16	8.57	10.11	6.15	5.78	6.96	8.66	5.28	5.52	6.35	8.60
Days Sales Outstanding (DSO)	15.99	19.45	10.59	18.55	16.51	22.69	14.15	22.56	20.24	27.35	18.60
Days Inventory Outstanding (DIO)	10.40	9.55	9.58	12.08	12.99	10.02	6.31	8.37	9.80	10.88	4.89
Days Payable Outstanding (DPO)	44.74	42.61	36.10	59.31	63.12	52.47	42.13	69.15	66.08	57.51	42.42
Cash Conversion Cycle (CCC)	-18.35	-13.61	-15.93	-28.67	-33.62	-19.77	-21.68	-38.23	-36.04	-19.28	-18.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,728	1,798	1,767	1,799	1,785	1,831	1,777	1,845	1,806	1,811	1,736
Invested Capital Turnover	0.64	0.62	0.64	0.64	0.64	0.65	0.68	0.69	0.72	0.73	0.79
Increase / (Decrease) in Invested Capital	100	142	130	105	57	33	9.95	46	20	-20	-41
Enterprise Value (EV)	6,220	8,349	7,385	8,605	8,969	10,410	10,177	11,185	10,741	11,329	8,170
Market Capitalization	4,335	6,435	5,522	6,489	6,917	8,364	8,180	9,181	8,743	9,035	5,951
Book Value per Share	($1.78)	($1.31)	($1.09)	($3.60)	($3.12)	($2.55)	($2.60)	($1.88)	($2.31)	($5.80)	($6.03)
Tangible Book Value per Share	($14.30)	($13.68)	($13.33)	($15.69)	($15.49)	($14.89)	($14.82)	($14.07)	($14.26)	($17.79)	($18.41)
Total Capital	2,202	2,246	2,271	2,259	2,316	2,360	2,380	2,437	2,381	2,418	2,403
Total Debt	2,367	2,365	2,370	2,578	2,583	2,576	2,599	2,595	2,575	2,901	2,886
Total Long-Term Debt	2,346	2,344	2,349	2,558	2,561	2,553	2,577	2,572	2,553	2,877	2,860
Net Debt	1,893	1,917	1,866	2,119	2,052	2,046	1,996	2,003	1,997	2,294	2,219
Capital Expenditures (CapEx)	39	51	26	38	49	41	23	36	55	50	26
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-176	-156	-164	-168	-183	-136	-188	-159	-152	-149	-189
Debt-free Net Working Capital (DFNWC)	288	241	295	242	293	328	339	350	348	370	381
Net Working Capital (NWC)	267	220	274	222	270	306	316	327	325	346	355
Net Nonoperating Expense (NNE)	13	10	12	14	16	17	15	14	14	23	20
Net Nonoperating Obligations (NNO)	1,893	1,917	1,866	2,119	2,052	2,046	1,996	2,003	2,000	2,294	2,219
Total Depreciation and Amortization (D&A)	38	39	40	40	42	41	39	39	40	41	42
Debt-free, Cash-free Net Working Capital to Revenue	-16.47%	-14.54%	-14.96%	-15.11%	-16.24%	-11.49%	-15.55%	-12.68%	-11.80%	-11.25%	-13.67%
Debt-free Net Working Capital to Revenue	26.98%	22.52%	26.89%	21.79%	25.98%	27.76%	27.98%	27.97%	26.99%	27.93%	27.52%
Net Working Capital to Revenue	25.04%	20.58%	25.00%	19.95%	23.99%	25.86%	26.12%	26.17%	25.24%	26.12%	25.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.46	$0.41	$0.39	$0.56	$0.50	$0.56	$0.50	$0.69	$0.70	$0.73	$0.65
Adjusted Weighted Average Basic Shares Outstanding	84.61M	84.90M	86.91M	86.81M	84.57M	85.62M	84.17M	83.86M	83.52M	83.52M	79.58M
Adjusted Diluted Earnings per Share	$0.46	$0.41	$0.39	$0.56	$0.50	$0.55	$0.50	$0.69	$0.70	$0.73	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	84.89M	85.18M	87.22M	86.96M	84.73M	85.83M	84.40M	84.07M	83.72M	83.73M	79.79M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	88.15M	88.17M	88.18M	85.17M	84.59M	84.67M	84.19M	84.23M	83.30M	80.01M	79.44M
Normalized Net Operating Profit after Tax (NOPAT)	55	47	47	64	59	65	57	72	73	83	72
Normalized NOPAT Margin	19.69%	16.52%	19.01%	21.11%	20.11%	19.04%	20.77%	21.11%	22.08%	22.14%	21.41%
Pre Tax Income Margin	19.83%	20.29%	20.36%	23.10%	20.43%	19.69%	21.36%	24.60%	26.56%	20.81%	21.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.34	3.40	3.10	3.60	3.03	3.21	3.03	3.99	4.11	3.46	3.01
NOPAT to Interest Expense	2.52	2.16	2.20	2.59	2.21	2.36	2.19	2.75	2.77	2.82	2.19
EBIT Less CapEx to Interest Expense	1.52	1.05	1.87	2.05	1.21	1.70	2.15	2.62	2.03	1.77	2.24
NOPAT Less CapEx to Interest Expense	0.70	-0.19	0.97	1.04	0.38	0.86	1.31	1.38	0.69	1.13	1.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.02%	3.13%	2.36%	1.60%	2.28%	2.75%	2.71%	2.31%	1.43%	0.68%	0.66%
Augmented Payout Ratio	89.31%	88.17%	78.70%	186.49%	185.96%	175.04%	184.80%	29.67%	73.87%	227.85%	218.71%

Financials Breakdown Chart

Key Financial Trends

Planet Fitness (PLNT) has shown a pattern of rising revenue and improving profitability in recent quarters, supported by solid operating cash flow. Below is a concise four-year view focused on the last four annual cycles across income statements, cash flow statements, and balance sheets.

Strong revenue growth and improving gross profitability - Operating revenue rose from about $281.3 million in Q4 2022 to $376.3 million in Q4 2025, a multi-year increase. Total gross profit climbed from roughly $207.5 million in Q4 2022 to about $286.0 million in Q4 2025, keeping gross margin in the mid-70s percentage range (roughly 75–76%).
Rising net income and EPS - Net income attributable to common shareholders increased to $60.39 million in Q4 2025, up from about $33.6–47.1 million in prior periods, with diluted EPS at $0.73 in Q4 2025 versus $0.56 in Q4 2024 and $0.41 in earlier quarters.
Robust operating cash flow - Net cash from continuing operating activities was about $131.5 million in Q3 2025 and remained strong at $109.1 million in Q4 2025, up from roughly $49.1 million in Q4 2024, signaling solid cash generation from core operations.
Healthy near-term liquidity and asset base - As of Q3 2025, cash & equivalents were about $329.0 million, with total assets around $3.06 billion, indicating solid liquidity and a sizable asset base to support ongoing operations.
Strategic debt financing indicates liquidity access - Planet Fitness executed a debt issuance of $750 million in Q4 2025, reflecting access to capital to fund growth opportunities, even as financing cash flows can be cash outflows for other uses.

Investing and financing cash flows show ongoing cash deployment - Net cash from investing activities remained negative in 2025 quarters (for example, -$54.12 million in Q4 2025 and -$35.08 million in Q3 2025), highlighting continued capital investments and asset purchases as part of growth strategy.
Leverage and capital structure remain elevated - Long-term debt around $2.13–$2.16 billion and total liabilities near $3.25 billion (e.g., Q3 2025) indicate a higher leverage baseline that investors may watch in light of restatements and equity dynamics.

Significant leverage risk - Total liabilities around $3.25 billion and long-term debt near $2.13 billion (Q3 2025) suggest substantial leverage, which could pressure cash flows if margins compress or interest costs rise.
Cash used in investing and financing activities - Recurrent investing outflows (PPE and investments) and financing outflows (share repurchases/dividends) have weighed on cash reserves in multiple quarters (e.g., net cash from financing activities around -$103.5 million in Q3 2025 and -$28.5 million in Q4 2025).

05/25/26 11:24 PM ETAI Generated. May Contain Errors.

Planet Fitness Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Planet Fitness' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Planet Fitness' net income appears to be on an upward trend, with a most recent value of $220.26 million in 2025, rising from $38.13 million in 2015. The previous period was $174.24 million in 2024. Find out what analysts predict for Planet Fitness in the coming months.

Planet Fitness' total operating income in 2025 was $394.68 million, based on the following breakdown:

Total Gross Profit: $1.09 billion
Total Operating Expenses: $699.16 million

Over the last 10 years, Planet Fitness' total revenue changed from $330.54 million in 2015 to $1.32 billion in 2025, a change of 300.6%.

Planet Fitness' total liabilities were at $3.59 billion at the end of 2025, a 9.2% increase from 2024, and a 412.2% increase since 2015.

In the past 10 years, Planet Fitness' cash and equivalents has ranged from $31.43 million in 2015 to $545.91 million in 2021, and is currently $345.65 million as of their latest financial filing in 2025.

Over the last 10 years, Planet Fitness' book value per share changed from -0.16 in 2015 to -5.80 in 2025, a change of 3,617.6%.

Related Companies

Financial statements for NYSE:PLNT last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Planet Fitness (PLNT) Financials

Financials Breakdown Chart

Key Financial Trends

Planet Fitness Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Planet Fitness (PLNT) Financials

Annual Income Statements for Planet Fitness

Quarterly Income Statements for Planet Fitness

Annual Cash Flow Statements for Planet Fitness

Quarterly Cash Flow Statements for Planet Fitness

Annual Balance Sheets for Planet Fitness

Quarterly Balance Sheets for Planet Fitness

Annual Metrics And Ratios for Planet Fitness

Quarterly Metrics And Ratios for Planet Fitness

Financials Breakdown Chart

Key Financial Trends

Planet Fitness Financials - Frequently Asked Questions

When does Planet Fitness' fiscal year end?

How has Planet Fitness' net income changed over the last 10 years?

What is Planet Fitness' operating income?

How has Planet Fitness' revenue changed over the last 10 years?

How much debt does Planet Fitness have?

How much cash does Planet Fitness have?

How has Planet Fitness' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools