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PLNT Financials Planet Fitness, Inc.

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
-$15M $655M $1B $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-4% 40% 83% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-120% -57% 7% 0% 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$21M $117M $255M $0 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$507M -$44M $418M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 31.5 62.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 3.6 7.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.