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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
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 MFCFTotal debtCash
2025 $1.3B $219M 82.6% 29.8% $255M $2.5B $346M
2024 $1.2B $172M 83.3% 27.4% $189M $2.2B $293M
2023 $1.1B $138M 82.3% 25.5% $194M $2.0B $276M
2022 $937M $99M 81.1% 24.6% $140M $2.0B $410M
2021 $587M $43M 82.8% 24.4% $135M $1.8B $546M
2020 $407M -$15M 0.0% 14.7% -$21M $1.8B $439M
2019 $689M $118M 71.8% 33.8% $146M $1.7B $436M
2018 $573M $88M 71.6% 32.1% $144M $1.2B $289M
2017 $430M $33M 69.9% 34.3% $93M $704M $113M
2016 $378M $22M 67.7% 30.6% $93M $709M $40M
2015 $19M $485M $31M
2014 $37M $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 / sales (P/S)
0.0 0.0 0.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '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%.

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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.