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
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
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$337M
$52M
86.6%
29.3%
$122M
$2.5B
$375M
Dec '25
$376M
$60M
76.0%
28.2%
$59M
$2.5B
$346M
Sep '25
$330M
$59M
82.4%
32.4%
$77M
$2.2B
$329M
Jun '25
$341M
$58M
82.6%
30.0%
$8M
$2.2B
$336M
Mar '25
$277M
$42M
91.9%
28.6%
$111M
$2.2B
$344M
Dec '24
$340M
$47M
76.4%
26.4%
$7M
$2.2B
$293M
Sep '24
$292M
$42M
84.4%
27.8%
$78M
$2.2B
$299M
Jun '24
$301M
$49M
82.7%
29.0%
$40M
$2.2B
$247M
Mar '24
$248M
$34M
92.3%
26.5%
$63M
$2.0B
$302M
Dec '23
$285M
$35M
79.8%
25.0%
$12M
$2.0B
$276M
Sep '23
$278M
$39M
80.6%
26.1%
$70M
$2.0B
$309M
Jun '23
$286M
$41M
79.2%
26.9%
$37M
$2.0B
$236M
Mar '23
$222M
$23M
91.3%
23.5%
$75M
$2.0B
$460M
Dec '22
$281M
$34M
73.8%
22.9%
$15M
$2.0B
$410M
Sep '22
$244M
$27M
80.1%
25.3%
$56M
$2.0B
$404M
Jun '22
$224M
$22M
85.5%
24.5%
$35M
$2.0B
$384M
Mar '22
$187M
$16M
88.0%
26.1%
$34M
$2.1B
$471M
Dec '21
$184M
$6M
0.0%
15.9%
$18M
$1.8B
$546M
Sep '21
$154M
$17M
82.4%
28.9%
$63M
$1.8B
$527M
Jun '21
$137M
$14M
86.5%
29.3%
$38M
$1.8B
$469M
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-sales ratio has fallen from 0.0× (Mar '23) to 0.0× (Jun '26).
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%.
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.