Planet Fitness, Inc. (PLNT) Stock Analysis
Consumer Cyclical · Leisure · NYSE
Planet Fitness, Inc. (PLNT) posted $1.32B in revenue for fiscal 2025 (up 12.1% year over year), at a 16.5% net margin, and has compounded revenue about 26.6%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Planet Fitness, Inc.
Planet Fitness, Inc. has grown revenue from $378.24M to $1.32B over the last 10 fiscal years, compounding about 26.6% a year. The most recent year was up 12.1%, so growth has cooled from its longer-run pace.
Net margin sits at 16.5%, up 1.9 points year over year on a 82.6% gross margin. It carries about $2.48B of total debt.
At today's valuation the market is pricing in roughly 4.6% annual free-cash-flow growth. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Planet Fitness, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Planet Fitness, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $378.24M | $429.94M | $572.90M | $688.80M | $406.62M | $587.02M | $936.77M | $1.07B | $1.18B | $1.32B |
| Gross profit | $255.92M | $300.68M | $410.25M | $494.35M | — | $486.03M | $759.57M | $881.30M | $984.53M | $1.09B |
| Net income | $21.50M | $33.15M | $88.02M | $117.69M | $-14.99M | $42.77M | $99.40M | $138.31M | $172.04M | $219.10M |
| Net margin | 5.7% | 7.7% | 15.4% | 17.1% | -3.7% | 7.3% | 10.6% | 12.9% | 14.6% | 16.5% |
Source: Planet Fitness, Inc. SEC filings (10-K). 13 years of history available in the interactive view.
Planet Fitness, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $2530M is 6.0× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into PLNT stock?
At today's market cap of $4.05B, Planet Fitness, Inc. is priced for free-cash-flow growth of about 4.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $254.75M from the FY ending 2025-12-31). For comparison, revenue 26.6%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 13 years of Planet Fitness, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Planet Fitness, Inc. financial history by metric
Compare Planet Fitness, Inc. with peers
About Planet Fitness, Inc.
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Clubs, and Equipment. The Franchise segment includes operations related to the franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned clubs segment includes operations with corporate-owned clubs in the United States, Canada, and Spain. The Equipment segment includes the sale of equipment to franchisee-owned clubs; and the sale of fitness equipment to franchisee-owned clubs in the United States, Canada, and Mexico. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
Planet Fitness, Inc. — frequently asked questions
What is Planet Fitness, Inc.'s revenue?
Planet Fitness, Inc. (PLNT) reported revenue of $1.32B for fiscal year 2025, up 12.1% from the prior year, according to its SEC filings.
Is Planet Fitness, Inc. profitable?
Yes. PLNT earned net income of $219.10M in fiscal 2025, a net margin of 16.5%.
What is PLNT's P/E ratio?
Planet Fitness, Inc. trades at a price-to-earnings ratio of about 18.4 based on the latest data in our nightly-refreshed cache.
How fast is Planet Fitness, Inc. growing?
PLNT's revenue grew at roughly 26.6% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Planet Fitness, Inc. have?
As of fiscal year 2025, PLNT carried roughly $2.48B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Planet Fitness, Inc.'s gross margin?
PLNT's gross margin was 82.6% in fiscal 2025 — gross profit of $1.09B on revenue of $1.32B.
What is Planet Fitness, Inc.'s market cap?
Planet Fitness, Inc. (PLNT) has a market capitalization of about $4.05B, based on the latest data in our nightly-refreshed cache.
When does Planet Fitness, Inc.'s fiscal year end?
PLNT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into PLNT stock?
At today's market cap of $4.05B, Planet Fitness, Inc. is priced for free-cash-flow growth of about 4.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $254.75M from the FY ending 2025-12-31). For comparison, revenue 26.6%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Planet Fitness, Inc.'s official SEC filings (10-K and 10-Q), covering 13 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.