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Stock research / United States / PLNT · Services-Membership Sports & Recreation Clubs · NYSE

Planet Fitness, Inc. (PLNT)

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Planet Fitness, Inc. (PLNT) reported revenue of $365 million for Q2 FY2026, the quarter ended 30 June 2026, up 7.1% on the same quarter a year earlier. Net income was $67 million, up 15.6% on the year, and diluted earnings per share $0.87. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$365 millionup 7.1%
Net income$67 millionup 15.6%
Diluted EPS$0.87
QuarterQ2 FY2026ended 30 June 2026

Planet Fitness (PLNT) in brief

Planet Fitness (PLNT) reported revenue of $1.3 billion for fiscal 2025, the year ended 31 December 2025, up 12.1% on the year before.
Read moreNet income was $219 million and diluted earnings per share $2.62. Revenue was $1.2 billion in fiscal 2024, $1.1 billion in fiscal 2023, $937 million in fiscal 2022 and $587 million in fiscal 2021. Net income in the same years was $172 million, $138 million, $99 million and $43 million. Over the twelve months to 30 June 2026, Planet Fitness reported revenue of $1.4 billion and net income of $238 million. Revenue grew 26.6% a year, compounded, over the five years to fiscal 2025. At 30 June 2026 it carried $2.5 billion of debt and $298 million of cash. At the close of 8 October 2026 the market cap of Planet Fitness was $3.4 billion, 14.9 times its earnings over the last twelve months.

Ratios

From the filings

ROEn/a
ROCEn/a
Operating margin30.9%
Net margin16.9%
FCF margin18.6%
Interest cover3.56
Debt to equityn/a
Cash conversion1.82
Share count, 1 yearn/a
Sales CAGR, 3 years12.2%
Profit CAGR, 3 years30.1%
EPS, TTM$2.95

At the close of 8 October 2026

Price$44.03
Market cap$3.4 billion
Stock P/E14.93
Price to bookn/a
EV / EBITDA9.37
Dividend yieldn/a
Market cap / sales2.41
52-week high$111.97
52-week low$40.50
Price, 1 year-54.1%
Price CAGR, 3 years-2.8%
Price CAGR, 5 years-11.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Planet Fitness, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PLNTgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PLNT

Filings21 in twelve months: 14 current reports (8-K), about 6 regulation fd disclosure; 4 results of operations; 4 officer or director change; 3 other events; 2 material agreement
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.31 by open interest at the 8 October 2026 close; the straddle prices a 5.7% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Millennium Management; 10 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 4 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest8.0 million shares short, 5.16 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue278285248301292340277341330376337365
Cost of revenue53.857.519.051.945.780.522.559.458.290.245.364.5
Gross profit224228229249247260254281272286292301
Gross margin81%80%92%83%84%76%92%83%82%76%87%82%
SG&A33.331.229.231.632.635.734.335.530.537.334.134.4
Operating income72.471.465.887.481.389.779.210210710698.7124
Operating margin26%25%27%29%28%26%29%30%32%28%29%34%
Interest expense21.721.821.424.526.627.526.226.226.329.533.033.4
Pre-tax income55.057.850.569.559.767.059.183.987.778.372.096.1
Tax rate24%34%28%27%28%28%27%30%32%21%27%30%
Net income39.135.334.348.642.047.141.958.058.860.451.667.1
Net margin14%12%14%16%14%14%15%17%18%16%15%18%
Diluted EPS$0.46$0.41$0.39$0.56$0.50$0.56$0.50$0.69$0.70$0.73$0.65$0.87
Operating cash flow11063.389.778.212749.113444.013110914845.9
Capital expenditure39.551.426.338.048.642.123.135.754.850.125.541.9
Free cash flow70.112.063.440.278.27.01118.276.759.01224.0
Buybacks0.00.020.02800.00.050.02.197.935051.1200
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue2803313784305736894075879371,0711,1821,3241,409
Cost of revenue10011312212916319471.0101177190197230258
Gross profit1792172563014104943364867608819851,0941,151
Gross margin64.1%65.7%67.7%69.9%71.6%71.8%82.5%82.8%81.1%82.3%83.3%82.6%81.7%
Selling, general and administrative35.155.650.060.472.478.868.694.5115125129138136
Operating income61.572.111614818423359.8143230273324395436
Operating margin22.0%21.8%30.6%34.3%32.1%33.8%14.7%24.4%24.6%25.5%27.4%29.8%30.9%
Interest expensen/an/a27.135.350.760.982.181.288.686.6100108122
Pre-tax income38.547.389.9429132173-14.552.0161208247309334
Income tax1.29.118.737428.637.80.75.750.558.568.485.992.5
Effective tax rate3.1%19.3%20.8%87.0%21.7%21.8%n/a10.9%31.3%28.2%27.7%27.8%27.7%
Net income36.818.521.533.188.0118-15.042.899.4138172219238
Net margin13.2%5.6%5.7%7.7%15.4%17.1%-3.7%7.3%10.6%12.9%14.6%16.5%16.9%
Diluted EPSn/an/an/a$0.42$1.00$1.41-$0.19$0.51$1.18$1.62$2.00$2.62$2.95
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Corporate-owned clubs44950254641.2%
Franchise38842346835.3%
Equipment23425631023.4%
Corporate-owned clubsFranchiseEquipment
1,071FY20231,182FY20241,324FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Corporate-owned clubs44950254641.2%
Franchise31834438128.8%
Equipment23425631023.4%
National advertising fund revenue70.078.987.06.6%
Corporate-owned clubsFranchiseEquipmentNational advertising fund revenue
1,071FY20231,182FY20241,324FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States1,0431,1421,28597.0%
Rest of world28.540.139.53.0%
United StatesRest of world
1,071FY20231,182FY20241,324FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow79.481.710913118420431.1189240330344418434
Capital expenditure16.619.515.437.740.957.952.654.1100136155164172
Free cash flow62.862.293.493.3144146-21.4135140194189255262
Free cash flow margin22.4%18.8%24.7%21.7%25.1%21.3%-5.3%23.0%15.0%18.1%16.0%19.2%18.6%
Cash from investingn/an/a-14.7-37.0-86.4-111-52.3-90.9-507-340-209-160-132
Cash from financingn/an/a-85.2-21.711064.357.9-10.2136-141-105-198-323
Depreciation and amortisation32.332.231.531.835.344.353.862.8124149160156159
Share-based compensationn/a4.91.72.55.54.84.88.88.17.98.912.312.5
Buybacksn/an/a1.6n/a3424580.00.094.3125300500700
Dividends paidn/an/a169n/an/an/an/an/an/an/an/an/an/a
Diluted shares, weightedn/an/an/a79m88m84m80m84m85m85m86m84m77m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity152-15.4-131-119-375-706-706-645-199-116-215-483-613
Non-controlling interestn/a14.3-84.0-17.5-8.2-1.30.22.5-12.5-3.30.0-0.6-2.0
Short-term borrowingsn/an/an/an/an/an/an/an/an/an/an/a0.075.0
Debt3804857097041,1721,7051,7691,7581,9991,9842,1712,4822,474
Operating lease liabilitiesn/an/an/an/an/a153168198342382405419416
Finance lease liabilitiesn/an/an/an/an/a0.30.30.20.40.10.00.80.7
Other liabilities70.5215507526564567618703725723709685654
Total liabilities and equity6026991,0011,0921,3531,7171,8502,0162,8552,9703,0703,1033,005
Owned
Fixed assets49.656.161.283.3114145161n/an/an/an/an/an/a
Goodwill177177177177200228228229703718721712712
Intangible assets295274254236234234217201417373323286270
Investmentsn/an/an/an/an/an/an/an/a0.0126180195173
Securities held for sale or to maturityn/an/an/an/an/an/a0.026.4n/an/an/an/an/a
Cash and equivalents43.331.440.4113289436439546410276293346298
Receivables19.319.126.937.339.042.316.427.346.241.977.170.465.6
Inventory3.04.61.82.75.10.90.51.25.34.76.17.69.2
Other assets14.71374404434726317889861,2731,4311,4691,4861,476
Total assets6026991,0011,0921,3531,7171,8502,0162,8552,9703,0703,1033,005
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded14.9%26.6%12.2%12.7%
Profit growth, compounded28.0%n/a30.1%25.9%
Return on equity, averagen/an/an/an/a
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Entertainment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Netflix Inc. NFLX$298.0 billion22.5345.3%29.7%16.0%0.39n/a
Walt Disney Co. DIS$184.8 billion22.077.8%18.4%4.6%0.341.6%
Live Nation Entertainment, Inc. LYV$40.4 billionn/a163.6%3.0%10.8%111.76n/a
TKO Group Holdings, Inc. TKO$13.6 billion62.686.8%18.8%5.1%1.362.2%
Churchill Downs Inc. CHDN$5.3 billion12.9430.8%24.1%5.7%3.060.6%
Vail Resorts Inc. MTN$5.2 billion35.2961.3%14.8%-4.3%13.246.1%
Planet Fitness, Inc. PLNT$3.4 billion14.93n/a30.9%12.7%n/an/a
Warner Music Group Corp. WMGn/an/a78.7%13.7%12.9%5.522.5%
No other company here shares its SEC industry code (Services-Membership Sports & Recreation Clubs); these are the names nearest in size in its wider industry, Entertainment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202525 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20259 May 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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