13 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 26.6% per year over the past 5 years.
Operating margin has expanded, at 29.8% in the latest year.
Financial health
Total debt ($2.5B) exceeds cash ($346M); net debt is $2.1B.
Total debt has grown slower than revenue (7.0% vs 26.6% per year).
Operating income covered interest expense 3.6× in the latest year.
Total debt is 4.5× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$1.3B
$219M
82.6%
29.8%
-45.4%
7.1%
$255M
$2.5B
$346M
2024
$1.2B
$172M
83.3%
27.4%
-79.9%
5.6%
$189M
$2.2B
$293M
2023
$1.1B
$138M
82.3%
25.5%
-119.6%
4.7%
$194M
$2.0B
$276M
2022
$937M
$99M
81.1%
24.6%
-49.9%
3.5%
$140M
$2.0B
$410M
2021
$587M
$43M
82.8%
24.4%
-6.6%
2.1%
$135M
$1.8B
$546M
2020
$407M
-$15M
0.0%
14.7%
2.1%
-0.8%
-$21M
$1.8B
$439M
2019
$689M
$118M
71.8%
33.8%
-16.7%
6.9%
$146M
$1.7B
$436M
2018
$573M
$88M
71.6%
32.1%
-23.5%
6.5%
$144M
$1.2B
$289M
2017
$430M
$33M
69.9%
34.3%
-27.7%
3.0%
$93M
$704M
$113M
2016
$378M
$22M
67.7%
30.6%
-16.4%
2.1%
$93M
$709M
$40M
2015
—
$19M
—
—
-120.4%
2.6%
—
$485M
$31M
2014
—
$37M
—
—
—
6.1%
—
$380M
$43M
2013
—
$25M
—
—
—
—
—
—
$31M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$365M
$67M
82.3%
33.9%
-10.9%
2.2%
$4M
$2.5B
$298M
Mar '26
$337M
$52M
86.6%
29.3%
-10.7%
1.7%
$122M
$2.5B
$375M
Dec '25
$376M
$60M
76.0%
28.2%
-12.5%
1.9%
$59M
$2.5B
$346M
Sep '25
$330M
$59M
82.4%
32.4%
-30.2%
1.9%
$77M
$2.2B
$329M
Jun '25
$341M
$58M
82.6%
30.0%
-36.6%
1.9%
$8M
$2.2B
$336M
Mar '25
$277M
$42M
91.9%
28.6%
-19.0%
1.4%
$111M
$2.2B
$344M
Dec '24
$340M
$47M
76.4%
26.4%
-21.9%
1.5%
$7M
$2.2B
$293M
Sep '24
$292M
$42M
84.4%
27.8%
-15.8%
1.4%
$78M
$2.2B
$299M
Jun '24
$301M
$49M
82.7%
29.0%
-15.3%
1.6%
$40M
$2.2B
$247M
Mar '24
$248M
$34M
92.3%
26.5%
-35.6%
1.1%
$63M
$2.0B
$302M
Dec '23
$285M
$35M
79.8%
25.0%
-30.6%
1.2%
$12M
$2.0B
$276M
Sep '23
$278M
$39M
80.6%
26.1%
-24.9%
1.3%
$70M
$2.0B
$309M
Jun '23
$286M
$41M
79.2%
26.9%
-20.4%
1.4%
$37M
$2.0B
$236M
Mar '23
$222M
$23M
91.3%
23.5%
-15.0%
0.8%
$75M
$2.0B
$460M
Dec '22
$281M
$34M
73.8%
22.9%
-16.9%
1.2%
$15M
$2.0B
$410M
Sep '22
$244M
$27M
80.1%
25.3%
-13.2%
0.9%
$56M
$2.0B
$404M
Jun '22
$224M
$22M
85.5%
24.5%
-12.1%
0.8%
$35M
$2.0B
$384M
Mar '22
$187M
$16M
88.0%
26.1%
-7.7%
0.6%
$34M
$2.1B
$471M
Dec '21
$184M
$6M
0.0%
15.9%
-0.9%
0.3%
$18M
$1.8B
$546M
Sep '21
$154M
$17M
82.4%
28.9%
-2.6%
0.9%
$63M
$1.8B
$527M
Valuation over time
How the market has priced PLNT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 58.8× (Mar '23) to 18.9× (Nov '26).
The price-to-sales ratio has fallen from 6.2× (Mar '23) to 3.1× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is PLNT growing its revenue and profit?
Over the past 5 years, Planet Fitness, Inc.'s revenue has grown 26.6% per year. These are computed facts, not advice.
How much debt does PLNT have?
As of FY2025, Planet Fitness, Inc. reported $2.5B of total debt against $346M of cash; operating income covered interest expense 3.6×.
What is PLNT's profit margin?
In FY2025, gross margin was 82.6%, operating margin 29.8%, and net margin 16.5%.
What is PLNT's P/E ratio?
Planet Fitness, Inc.'s P/E (TTM) is 17.41 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the PLNT stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 18.9× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.